could happen. they're not going to show it, buyback stocks with confidence. >> all right, nicole petallides don't go anywhere. there is the closing bell and we can see the dow is up 78 points. s&p 500. we haven't settled but doesn't look like we'll close above 2,000. nasdaq is up today, we want to take a look how things are going, russell 2000 closing up today. "after the bell" starts right now.. cheryl: breaking down today's action, michael wall with us, wall financial group retire well and president title. he thinks investors should prepare for downturn in the market to. pay capital group vice president as well. two sectors she says represent big opportunities for investors, and scott joining us from the cme, scott, we start

with you. you're in the pit. a record for the s&p 500. what does that mean for treasuries? i know you've been watching those levels all day here? >> it's confounding the guys behind me. we're going with the flow here, it's not too often we see the treasuries rally like the stock market rally, but that's the flavor for the year. we've got the treasury market at 2.8% and the s&p is over 2000, what are you going to do if you're the fed? all year long talking about rates rising sooner rather than later. the big bond buyers step out of the market and we've seen rates go from 2% to 3%. we're going to stay invested for the short-term. >> michael, i want to bring interview this, doesn't this indicate something more troubling? if people want to park money in u.s. treasuries, doesn't sound like the stock rally is going to keep going. >> people are fearful and not sure what to do. we know the bubble is not going to go up forever, it's got to

fall down. since july 3rd to now, the market has gone sideways, overall basically sideways. we're bumping new highs and all that, absolutely. i think we got to be cautious, step back and look to prepare as you said, money is going to treasuries, not sure what to do. >> money going to treasuries, on the sidelines. kim, you say there are two groups worth investors' time and attention. what's the first one? >> the first one is specialty retail. we recently established a position in urban outfitters, they are great merchandisers but have a little trouble that they've been having with a certain segment of their source. it's the title urban outfitters stores as opposed to anthropology. we think there is opportunity in any market.

you have to look at the right place at the right time. >> michael, what about you, you like stocks that pay a dividend, you are getting your investors ready for the correction. >> any time you are in the markets in my opinion. all the clients we work with are retired, they have wealth. >> where are you sending them? >> we like the idea of compass diversified holdings. american reality. that's going to be bought out shortly. health care in the ballpark of 6.3, we're getting takers, the yield helps. and we have a little play that's not implemented but waiting for cash god forbid as we see the market turnover, that's the sh play. shorting with spyders. >> kim, bring you back, in specialty retailers, what else as a sector is worth consideration? >> we like technology, we

always think whatever portion you are putting in equities should have technology in it. the reason why it's one of the only things that can make companies more productive. so we're looking at a company called xilinx and we like it because it's a high-margin chipmaker that makes specialized chips. most products are used in telecommunication equipment, and you know we have more cell phones on this earththan we know what to do with, we need more bandwidth, that's what they provide. >> when you talk about chips, i'm thinking frito-lays and lays. [ laughter ] >> we buy yum brands and pepsico. when you talk about techs, some people mistake tech and social media. people are saying be careful, stay away from social media right now? >> we like companies that make money. social media companies, there's a handful making money, it's rather tenuous, they are media

properties and have to show me as a value investor they know how to make money and keep audience in the long-term which keeps advertisers coming back. that's unclear, it's an experiment that the point, and you know, i just don't want to play in this space. >> all right, well, fair enough, clear enough. michael wall, kim forest, scott, we are going to come back to you shortly of course for the s&p futures close. but when we come back, burger king in talks to buy tim horton, the latest of string of deals by companies looking to say good-bye to the american 35% corporate tax rate. who could be the next target or the next acquirer. >> also from the rising dollar to the slowdown in south america, there are big things playing out in the markets that will have a major impact on corporate earnings in the third quarter. we're going to tell you who will take a hit and who will ride out the volatility without a hit. >> and u.s. tennis industry

valued at 5.5 billion. we're going to get you out to the u.s. open and tell you about the big money involved at this year's event. >> we want to hear from you, should the government create new laws to prevent tax inversions, tweet us. 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

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get an auto insurance quote and see why 92% of our members plan to stay for life. . >> more and more companies are looking to wave good-bye to the u.s.' 35% federal corporate tax rate with an inversion deal. the latest one burger king in takeover talks with tim horton. >> it certainly is. 21 inversion deals since the start of 2012, some in the pipeline, which company could be next? how can you as an investor profit? good questions there, david kenbra here from morningstar. thank you for joining us. what are the main differences between household brands like a burger king or walgreens which

said specifically it wouldn't do the tax inversion with alliance are they in a different category because it's brands that we know and more worrisome to the government? >> i think there's a concern bhu are doing inversions with the customer facing businesses just as the ones you mentioned versus the last two years. mostly pharmaceuticals people aren't aware of foods making their drugs, if it's making a life-saving treatment they need, they're not going to boycott the company because they moved overseas. when a consumer company think issing about the inversion, there's a lot more they have to factor in, they have to estimate what the backlash is going to be, if that's going to affect sales and negate the benefits of doing the inversion. >> we saw backlash by walgreen experiences, have we seen a backlash that would make a company not want to pursue and go forward? is it legitimate to be concerned about that? >> i think so, depending on the

tax benefits. some of these deals, if there's no strategic rationale for the merger and all for the tax benefit. unless that tax benefit is huge, it might not be for the consumer backlash for the household name, if people are upset. >> david, speaking of the household names, maybe there are safer picks since we're trying to find good ideas for investors. maybe we're not sure who's making our drugs. so if the two companies propose to do something like that, it will face less opposition? >> yeah, sossa i said, we've seen a lot in the pharmaceutical space, all the foreign smaller pharmacompanies, the mallinckrodt or other pharmaceuticals, people suspect them as the next candidates. there could be upside if they get bought out but there is a lot more downside, if you see regulation or do not get bought

out. so we advise -- we'd advise the investor to look at industries that haven't been hit by the inversion yet where it's not priced in. one area is contract research. >> let's talk about companies -- let's make it fun, make money here, who's right to make the next inversion deal so people can get in on that? >> one we like is icon. an irish-based contract research organization, they help pharmacompanies with drug company. they're the only irish contract research organization, it would be appealing for one of the bigger u.s. competitors to do inversion with them and lower tax rates. in a company undervalued on a stand-alone basis, we think investors could see good returns if it doesn't get bought out. if it gets acquired for inversion, that's extra for investors. >> to what extent are you seeing this play in for strategies for bankers and ceos. we were talking about ireland, i heard you mention that.

that's 13-15% rate, depending which city you are in, canada about the same. do you see more deals go in between the u.s. partner and european partner or u.s. and canadian partner or equal? >> i think it's mostly equal. the big thing is as long as you get out of the u.s. most countries have a territorial tax system, they're not trying to tax the overseas income. so in a lot of the deals, the actual tax rate isn't as big of a driver as it is they're going to be able to bring all of the global income back to home country without dealing with the repatriation issue that we hear so much about companies today. >> you brought up icon. valeant pharmaceutical, they're in the news for all kinds of reasons. it might close and bring a smile to bill ackman's face? >> we think so, they're the one that kicked off this wave of inversions in 2010. the first one, and since then we've seen a lot of people

replicate their strategy. we don't think they are acquired by u.s. company. they're going to acquire the u.s. companies that have high tax rates and bring them into low tax structure and going to help them groat earnings quickly. and because it's not technically an inversion, they are exempt from the regulatory uncertainty going on whether or not congress will close this inversion loophole or not. >> okay, david, thank you very much, we know the obama administration said it is unpatriotic. david, joining us from morningstar. >> thank you, david. tell us what you think? should the u.s. government create new laws to prevent tax inversions. your answers are coming up. >> while the s&p 500 futures are closing, we're going to get you back to chicago, back to the cme. scott is there. scott, anything standing out. can't be that surprised. what kind of movement are you paying attention to? >> we're going to see the headlines dominated tomorrow by

the fact we've gone through the thresholds in three of the major indices, and they're going to continue to go higher because of where the fed is pushing our money. that's the earlier point. none of the inversions, mergers and acquisitions, stock buybacks or splits are good for the economy. that's why we see the ten year at 2.83%. these are job killers. >> scott, thank you very much. head back to the floor of the new york stock exchange. grub hub shares falling after announcing plans to offer more stock. >> we're going to get you back to nicole petallides as she is there on the floor of the new york stock exchange. both a big food day, grub hub, burger king, lots of names. >> lots to watch on wall street. grub hub, food names, understanding of seamless, when you look at grub hub, the stock is down 8.5% today. that is because they're offering more shares. plotting the secondary offering

when no one knows the exact date for the offering. but it dilutes the current shares, it makes current shares slightly less valuable. it's not a surprise to see it's selling off. why are they doing this? this is because of the success that grub hub has had since the ipo back in april, and this was a 26 dollar ipo, it crossed above the $45 line, today closed 39 and change, close to 40 bucks. this offering here comes from the early shareholders selling at least 10 million shares and the company said it would offer 1.25 million shares. that's what we're watching for going forward. >> nicole petallides on the floor of the new york stock exchange, thank you. >> adam, people would pay big money for a crystal ball on wall street. a ceo will give his prediction for the next four months. the first of our four for four series. >> it's game on for the tennis channel as the u.s. open begins in flushing.

coming up, we're going to find out whether the channel will score big from the super bowl of tennis. >> and with the s&p at a record, you might think that corporate insiders are jumping shares. but think again. five stocks that are seeing lots of inside buying. we're going to give you the short list when we come back. it's monday. a brand new start. your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile.

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reports say the new operating system will first appear on desktop devices and later extend to smartphone and other mobile devices. goldman sachs planning to promote a smaller number of employees to partner this year. the bank's new partner class will include no more than 70 employees, its smallest since it went public in 1999. hotels are expected to take in a record $2.25 billion in revenue from surcharges. add-on fees include charges for storing luggage, late checkouts. hackers hit sony playstation 2. none of your personal data for 53 million users was compromised. amazon looking to challenge google saying the online giant is developing software that could leverage knowledge of web shoppers. that is today's speed read. deirdre: the tennis industry is

an ace for the u.s. economy had. to do it, there you go. revenue from the sport totaling more than $5 billion last year, and in fact more than 17 million people play tennis in the u.s. alone. adam: no wonder that the u.s. open attracts more than 713,000 spectators, it did last year. cheryl casone is among this year's spectators as well and joins us from outside the open in queens, new york, cheryl? >> reporter: you know, adam and deirdre, i've been watching tennis since i was a kid with my family. played a little bit. one thing that has changed is how tennis is broadcast to consume, two men that know this very well are joining me, ken solomon, the chairman and ceo of the tennis channel, a fox business partner, one of my favorite partnerships and bill

macatee. >> part of the change obviously, all of the different mobile platforms and back in the day was usa network and cbs, now tennis channel very much involved with the u.s. open, we came on the air at 11:00 this morning. ken, that was very exciting, and such a cool experience just being out here especially right here, the court of champions and the great statue and arthur ashe stadium. >> you know the sport so well. ken, you know television so well, former fox guy. >> aren't we all. >> yeah, and still am. show me about the difference now. you basically are charging the viewer to watch the streaming content through the iphone or ipad. this is big business for you. >> we do it both ways, emphasis is let's bring all the tennis to the consumers. it is so much of it, you need other platforms, you need to watch it on your phone or ipad.

can't stay home and watch tennis channel all day long. came in at 10:30 with the pregame show and i was watching on the way out in the car on the iphone. i get that free because i'm a tennis channel subscriber. >> and you also are the chairman and ceo of the network. >> and then there were other things i wanted to see because there's so much other content. i opted for the pay app to get more as well. >> bill, social media, for me too as well as a broadcaster, changed how viewers interact with the sport. social media is a huge thing for the players, is it the same for the broadcasters? >> not quite as much. when you are in the middle of the broadcast, by the way, stop giving the score on the air, you got to separate grourz that. that connectivity is a beautiful thing, especially for a sport like tennis.

the fans are so passionate about it, and they not only watch it, it's the only sport they play it in huge numbers and the only sport where the audiences are equally divided between men and women, it's an incredible thing and translates to social media beautifully. >> the four grand slams, this is the bread and butter for the channel, but there are so many more tournaments coming the rest of the year before the u.s. open, you were telling me earlier that viewership has picked up dramatically for you. that's incredible. >> becoming partners. sorry. >> it was fox business. but, anyway. >> it's amazing. there you have it, folks. the truth is we're doing, before tennis channel there were about 600 channels of tennis all year long on television. now we're doing about 6500 hours a year. all top tournaments every monday through sunday. the watching's gone up.

what's amazing is the top ten men and women played live on our air 735 times. that's -- serena played more hours than "monday night football" on tennis channel alone, and does a good rating. it's bringing people more of what they love. >> got to wrap it up. really quick, dark horse of the tournament. >> gregor dimitrov. happens to be maria sharapova's boyfriend. great game. >> again, things we have to study. ken solomon, bill macatee, have a great tournament. the way we're consuming is evolving. >> sure is. >> you still have the best seat in the house, cheryl. >> get us in. >> we're supposed to be watching. >> thank you, cheryl. adam: we've been asking if the

u.s. government should create new laws to prevent tax inversions, rick said no, it's a simple fix, lower the corporate tax rate, companies will repatriate money and reinvest capital. you can join the conversation on facebook.com/after the bell. damage from california's earthquake could be as high as one billion dollars and resident bracing for more are aftershocks. we'll head live to napa valley. deirdre: a colorful pair of sneakers prompted one entrepreneur to launch a business that has gone from a hobby to a multimillion-dollar company. we're going to introduce you to the ceo of bucket seat next. adam: and one of these countries says its population could go extinct by 2750. we'll tell you which one and why you may want to change your travel plans?

. deirdre: when corporate insiders buy shares of a company's stock with markets at record highs, it is a clear sign of confidence. for more on who's buying, who's selling, we have the short list for you. stocks where there was tons of insider buying last week. the data from 24-7 wall street. the chairman of ana lee capital

management mortgage reit. the stock has a dividend of 10%, up 18% so far this year. gnc saw one of its new corporate execs buy shares worth one million dollars. stock has significantly underperformed. down 36%. purchased more than 4 $1/2 million worth of shares, cascade owns 100 million shares of the company. the waste management company is up 18% year to date. adam: today kicks off four for four series, four predictions for four months of 2014. deirdre: i can't it's that time again. adam: it's the 25th of august. earnings season finishing up, what will have the biggest impact on upcoming earnings? deirdre: with part of this four themes to watch, bringing in fire apps ceo wolfgang,

depressed summer is ending, what should we pay attention to? >> loudly and clearly through the previous segments whether it's looking at interest rates, significantly coming down whether it's who's going to look at whether you should stay in the market, buying technologies, all of these summarize to one thing, low volatility during the summer, don't expect that going forward. i'm absolutely convinced volatility is going to -- right after labor day and q4 going to significantly pick up. adam: what's going to happen if you like a strong u.s. dollar, not something you should like too much, right? >> absolutely correct. if you're a multinational corporation, and about 50% of the s&p 500 have more than 50% of their revenues come from outside the united states. so if you all of a sudden are having your dollar strengthen, the revenues are coming in less, you will have lower earnings on that. you see companies in the past

on volatility may have had a low earnings for example or higher earnings and then in the fall have gone the very volatile, so a coca-cola in q4 of 2011, low volatility goes into q 1 significant volatility as much as they gained in q4, they triple lost in q 1. deirdre: are you saying volatility in earnings or what shows up on the p and l because the dollar is weaker and that is creating numbers. you're not talking about volatility as far as competitive advantage? >> that's correct, i'm talking about how the volatility globally and in the currency markets are going to impact corporations and how some sump companies are very prepared for it, they will have no impact and others have significant issues with that and going back to the coca-colas. adam: one of the companies you are worried about is deere and company, why? >> perfect example of volatility. low volatility, they got lucky,

they have some tailwinds, and then the next quarter they have triple as much in losses from the same thing. so volatility is what i'm very concerned about, companies like that, who get lucky and companies -- investors get positive about a company like deere and in volatile markets get significantly hurt. deirdre: anybody checking the markets is going see the dollar's pattern and hopefully not going to read too much into quarterly earnings. larger global view and you're watching some of the hot spots and there's tons to choose from, from around the world. what stands out to you most? >> right now currently argentina and most of latin america. the whole bond crisis in argentina to some degree is unprecedented to. some goes back to the early 80s where we've seen this in argentina or other countries. or mid 80s. i'm concerned what that means or creates uncertainty. companies like a general motors, baker hughes have significantly gotten hurt in latin america, specifically

argentina. they could use more in venezuela. a lot of uncertainty in argentina and the movement of putin visiting countries to see whether he can source from other countries outside the united states, that's going create volatility and create uncertainty again impacting shareholder values. adam: won't that be contained to argentina? doesn't gm have bigger problems in a country like brazil? >> absolutely right. the bond issuance absolutely correct, not just argentina. that's a hot spot and going to spread, latin america is going to be much more talked about in q4 of this year. deirdre: hard to go further east without talking about russia and ukraine. as we see a lot of tensions dialing up and back, how does this stand as far as the effects it could have on the market? >> they are uncertain it comes through. what putin is doing is having unintended consequences he wasn't looking for. he wants to punish the united

states for buying less agricultural products, that's good for the united states. we only export roughly 2-3% of agriculture to russia. it's gotten the commodity prices to come off and lower inflationary pressure and that's good for u.s. companies. what you have to look at is what economies are most impacted and what companies? so i travel globally significantly, probably spend 40% of my time in europe. very worried about companies in germany or adidas, you take adidas, very impacted by russia. very significant losses and compare that to nike. if you want to invest in the industry, you saw one of the four front-runners of today. nike, nike versus adidas, i'm sticking with nike. adam: wolfgang, thank you for joining us on this. >> my pleasure, thanks for having me. deirdre: when we come back, happy feet may not just be the title of a hollywood movie.

it could be the slogan behind very artistic footwear. we're going to be speaking with the co-founder and ceo of a start-up putting art on shoes. adam: as a part of america's wine making industry is at the epicenter of the worst earthquake to hit the san francisco bay area in 25 years. we're going to go live to the region and get the latest on the damage and the cleanup and what's going to happen to your glass of wine?

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. deirdre: sneaker art is often regarded as limited edition designs, really limited when adam draws on his own shoes. from famous artists sold exclusively at high end stores. one company is take the concept to the street, amateurs, well-known artists alike have a chance to design shoes. adam: did a lot better than when i was 8 years old on my sneakers. business is booming and from a midwest start-up to a u.s. global brand in three years. what's the key to bucket feet successes. joining us is the co-founder and ceo. welcome to fox business, congratulations. basically three years old. you got the idea from the company when you -- were you in argentina and saw artists painting people's shoes? >> yeah, in 2008, i actually

quit a finance job to backpack around the world for about a year and a half. during that trip i met my co-founder aaron who used to draw on shoes. before i left argentina and continued travels, i bought a pair of the shoes he had custom drawn that were inspired by the streets of buenos aires. i traveled with the shoes -- yeah, go ahead. deirdre: i didn't mean to cut you off. what is the goal? to be the next crocs? >> not really. we think it's powerful to have a different person behind a different product that we make. adam: this is the splash by laura in jacksonville, florida. and yet just an example, you could buy these shoes for 50 bucks at nordstrom or bloomingdales, right? >> well, it depends, it depends on the construction. it depends on how limit the product is.

it depends on the quality. but you know our customers are buying shoes not only for the product, but for the person and the story behind it, and really feel like they're getting something original which is what we try to do for every product. deirdre: how did you come up with the name bucket feet? i'm sure there is some significance. >> great question. i wish there was a better story. >> go ahead, go ahead, make one up and tell us and it's done. >> his nickname in college was bucket. we landed on bucket feet. adam: this is a $200 billion market footwear globally, you are three years old, over a million dollars in sales. how big could the company become? is it a finite market or could it grow exp yeah, we're actuall bigger than that today. i think the market potential is really, really big, the industry is big, so we have big plans to expand globally. deirdre: who is your ideal customer? who do you want wearing these

shoes? sometimes when i go into stores and not dressed up, i feel they don't want to give me a bag. i feel there is a customer you want to be showing off your brand. >> we call our customer the cool nerd. the entrepreneurs of the worlds, culturally curious and want to try new things. adam: i'm betting, do you remember mr. spicoli, fast times at ridgemont high and the shoes that were popular. deirdre: okay, adam was googling for me. are they competitors or are you surpassing them? >> no, no, i think what we do is different and because every product has a different person behind them. i like to think it's unique. >> co-founder and ceo, the shoes look darn cool. deirdre: crews cleaning up the debris after the strongest earthquake in the bay area in 25 years. buildings were damaged, gas lines ruptured, a water main

destroyed. we're going to take you to napa valley next. adam: tesla is listening to customers. the ceo is promising to implement recommendations from a newspaper ad. we got story when we go off the desk. it's monday. a brand new start. your chance to rise and shine.

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. deirdre: let's go off the desk. south koreans could become extinct by 2750. that is if something is not done to stop the nation's falling fertility rate. there's a new report out and it says the fertility rate has declined to a new low well below the rate required to sustain current population levels. researchers also say the country's current population of 50 million will fall to 20 million by the end of the century. adam: glass of wine, a good meal, also off the desk. tesla owners decided to take out a full page ad in a palo alto newspaper asking for improvements to the model s. the ad caught the attention of tesla founder and ceo elon

musk, muscresponded on twitter saying any suggestions will be implemented soon. some of the husband and wife's suggestions include implementing monitors and sensors to alert drivers to blind spots. voice activated dialing, you can get that in a chevy. moving the cup holder, light in the glove compartment and charging cap. deirdre: we asked you if the government should create new laws to prevent tax inversion? wayne on facebook told us fences that keep people out keep people in. it is a human right to be able to move yourself or your property out of country. that is wayne's take on the tax inversion, becoming more and more heated as we go on. adam: joe said no, how can you do that? you will force companies to move entirely out of the united states of america. we want to go back to the story a lot of people were talking about this morning. residents in northern ca car

bracing for more afterstocks after the region was hit by the strongest earthquake in 25 years. deirdre: it cost about a billion dollars worth of damage. claudia cowen is with us with the latest. what does it look like now? >> reporter: well, you know, not a whole lot has changed no. small army of inspectors has fanned out across the napa valley to assess the damage for property owners and get a cost estimate to submit for possible federal aid. they've already red tagged dozens of homes and buildings like this one in the historic downtown district, saying they're unsafe and that a strong enough aftershock could knock them all the way down. some people lost everything after a fire possibly sparked by broken gas line raced through homes and a trailer park, crews are working to fix critical infrastructure and restore power to 50 more customers. this was the scene as many of the world famous wineries. thousands of shattered bottles,

toppled barrels and fermentation tanks. to the valley's $13 billion industry are tallied, but what a hit for the growers coping with california's lingering drought. one winemaker says they've lost half their inventory. the outages have prompted a senior federal nuclear expert to call for the closure of diablo canyon. that's california's last operating nuclear plant on the central coast until regulators determine whether it can withstand a powerful quake. it is near the san andreas fault. the bay area needs to be ready for the big one yet to come. a mag7 quake like the loma prieta one in 1979 would release 30 times more energy than this one did, and that's something pretty hard to fathom as folks start to pick up the pieces and try to get back to business as usual. back to you. adam: claudia, you showed

incredible pictures of the wine barrels toppled over. we were speaking earlier today with a wine manufacturer out of california who said we can pump what's in the barrels out. the bigger concern is the harvest. the 2014 grape harvest is just starting. is this going to impact the earthquake going to impact the harvest, has anyone said? >> according to a trade group that represents 500 of the valleys wineries, the grape harvest will not be affected. it's all the wine prepared in the barrels, all of that that collapsed yesterday. that wine is obviously a loss. but the grape harvest itself is going to continue as usual. they just started harvesting for the white wine grapes, the chardonnays and so forth, the red wine grapes are to come, later in september and october. so as far as we are being told, the harvest is a go, and again, this region, they want the tourists to come. deirdre: i was going to say imagine that, that is a big

part of that area is revenue especially in the fall when it's so beautiful. >> yeah, and especially right now ahead of the labor day holiday weekend. this is a critical time for this region. they depend on the tourists, they depend on the wine tasting groups that come up here and most of the valley is fine. obviously you see the dramatic images like where we are downtown, but the roads are open, the water is safe to drink. those services are getting back online as fast as possible. the schools were closed today. we're waiting to see if the schools are open tomorrow. most of the wineries want the visitors, they want people to come. deirdre: claudia cowen, thank you very much, joining us from napa valley. all the best to you. deirdre: big action on the economic calendar tomorrow. we have tomorrow's trades today coming your way in just a minute. you, my friend are a master of diversification.

who would have thought three cheese lasagna would go with chocolate cake and ceviche? the same guy who thought that small caps and bond funds would go with a merging markets. it's a masterpiece. thanks. clearly you are type e. you made it phil. welcome home. now what's our strategy with the fondue? diversifying your portfolio? e*trade gives you the tools and resources to get it right. are you type e*?

>> a few things to watch tomorrow. in fact there will be the august consumer confidence report. so that will be released at 10:00 a.m. eastern. the economists expecting the conference board index to fall to 89 from 90.90 in july, which was highest reading in nearly seven years. all about how people feel, right? adam: number one thing to watch other than the clock to get out of work early because we're heading toward labor day, right? number one thing will be june s&p/case-shiller housing report. get that at 9:00 a.m. eastern. economists expect home rice 6 prices to rise 8.9% year-over-year after climbing 9.3% in may. you know what, the discussion about burger king, everyone discusses about taxes. are people just not eating burgers? >> well you're not, you're super fit and healthy. adam: you're about to --

>> you have this idea, actually that kind of made me laugh when i saw the proposed merger between burger king and tim horton's doughnuts. even that in and of itself gives me a little bit of stomach ache and eating a burger and doughnut. it is about taxes. that is really what it is, right? u.s. corporate taxes are 35%. if you look at canada, like 15 to 19%. adam: i don't buy that. i think burger king is, look, they restructured the business. that happened after they took over the company. they're lean, mean, ready to go. they're not big enough to expand globally. they need to expand markets. if you get breakfast you getting mcmuffin. tim horton's big names doughnuts and coffee. >> bring that back, that map. u.s., aside from india is on par we'll call it with india. pretty much the most expensive place to have your headquarters if you are launching a business,

you pay the tax rate. adam: no one is paying that tax rate, i give you last word you. >> give me last word. last doughnut. gerri willis is here. gerri, i know you will be talking to a mom who probably eats better than adam or i, but who created an app as pay back for her kids. what is this about? gerri: you absolutely have that right, every detail. adam, to you, i still eat burgers and i don't care. adam and deirdre, thanks for that. we have a mom who created app that forces your kids to phone home. coming today on the show, slam consumers with fees. there is even a fee for things you don't use. back to school time for millions of kids, very expensive time for parents. we'll give you idea on just how to save. new calls for better way to help americans save for retirement, with a lesson from guess who, canada. "the willis report," where consumers are our business and starts right now.