have you, israel, for instance, are is monopoly like, taxi is a huge one. so. dierdre: exactly. a lot of resistance. >> my pleasure, deirdre. dierdre: ashley webster joining me there. "risk & reward" finished for the day. money now. >> great stuff, dierdre. hello, everybody, i'm cheryl casone in for melissa francis today. the deal is done. but the food fight is just beginning. the boycott of the backlash as burger king leaves for canada's lower taxes. competitor white castle respond in interview only you will see right here on fox business. major snub, from "house of cards" to "orange is the new black," online giant netflix shut out of the big categories at last night's emmys. monday know told you about it first. the gadget that stops airplane seat reclining caused uproar on

united flight. true story. even when they say it's a not it is always about money s cheryl: bk faces severe backlash here at home. ohio senator sherrod brown calling for a boycott. jack hough, baron's senior editor, charlie gasparino and the new economic thinking director. charlie, a lot of story has been about mr. buffett. the truth is we have very high tax rate in this country. >> this should be about mr. buffett too. he is providing $3 billion financing for this. preferred deal. not a lot of money for him. that is a drop in the bucket for berkshire hathaway. under normal circumstances that would be not much of a story.

that would be a paragraph in the thing. there is one story, that point man, one limousine liberal point man for president obama. that pound, that pound the table for higher taxes own the rich and even people that aren't so rich and that is warren buffett. for him to do this is so hypocritical. for him to do, and not explain why he is doing this. i mean, we hear, listen, warren buffett is great investor. i know people know him say he is nice guy. this is pure liberal hypocrisy. why is it okay for him to escape and rest of us get screwed with higher taxes? dierdre: he is more famous than he is. >> has money and job to put it to work and earn good return on money. that is pretty basic him. people pay warren buffett higher rates than for financing because they like his name attached to deals. it lends credibility. >> there is political. >> tax savings less than meets eye here. even though we have some of the

highest statutory corporate tax rates in america, i agree something needs to be done by the corporate tax code, the rate companies pay is much lower. >> that is correct. pretty similar to -- dierdre: you're defending corporate tax rate in this country, jack. >>? >> no i'm saying change with lower tax rate with companies paying the rate -- dierdre: lower tax rate will happen when pigs fly. >> point, studies done by gao. jack is right, effective tax rate by most companies with assets over $10 million is 12 1/2%. >> loopholes. we're all in favor of getting rid of loopholes. >> but here is the key point i think we're missing. this is the president's political prop on the tax fairness issue which is front and center. no he is not? he went to the state of the union. >> it is hypocritical. why isn't president obama right now using warren buffett to push through this dopey thing that jack lew wants to do with the penalties for these corporate tax aversions. why isn't he?

guess what, warren buffett is part and parcel of the issue. >> i think we'll learn the tax part of deal is less of an issue than you think. >> tell that to the president. don't tell it to me. tell it to the president. >> it may not happen. walgreens mooted point in public. the backlash was so severe they decided not to do it. i suspect burger king -- dierdre: this topic won't go away. another topic, burger king's competition. they're not saying quiet. we'll have later on the show ohio based white castle responding as sherrod brown urges americans to eat at white castle. that is exclusive interview on fox business. the lone star state is pulling its enemployment rate. bls reports that the texas added same number of jobs the other 49 states are missing since the recession. rick perry, maybe he is doing something right after all. >> he has very nice glasses. i will give him that. reality is this, texas economy

turns on fossil fuel industry. dierdre: i don't think so. >> it is true. >> why are all the high-tech companies going to austin? >> no, look -- >> it ran on -- >> first of all if you look at overall tax rate, a few companies leave high-tech, actually be able to strike good tax deals but overall -- >> no, no. >> because they get tax and regulatory arbitrage. they get a good deal. >> that is what corporate tax aversion is, right. >> with exception of new york, every major state in the country, new jersey, massachusetts, minnesota, ohio, michigan they all pay lower effective business tax rate than texas. >> really? cheaper to do, open up a business in new jersey than texas? >> that is according to study i saw. >> that sound like insane study. talk to any business owner. why are they moving to texas and not new jersey? new jersey had -- >> one important point here that we're missing. not just about employment. it is about housing costs.

people are flat-out moving out of new york because it costs too much to buy a house. >> but why? why? >> so cheap -- dierdre: head for texas. because corporations are going, hey, corporations are -- >> regulations? dierdre: charlie, corporations are going to texas because there is no state income tax. better education system in texas and, better to buy housing, cheaper to buy housing. they want employees who are happy. >> workers could live anywhere would rather live in texas because it is cheap. >> why aren't business is moving to up state new york? high taxes. high costs. -regulations. why aren't they moving to new jersey? they have a beautiful jersey shore. why are they going to texas and not new jersey? there is a rhine. dierdre: anyway, i'm agreeing with charlie which is kind of scaring me. california -- >> certain the light. dierdre: ban for plastic bags after fails to get enough votes. the bill falling three votes

short in california's assembly. this is the thing, san francisco, where it started. they're all about the plastic. ban the plastic bag. democrats can't even get behind this. >> i mean it was a good effort. i like california taking a shot on these things. maybe it is not right for every state but i like california getting a little crazy on these ideas and trying these experiments. look, they're going to charge 10 cents if you want to use plastic bag. maybe it will cut down dramatically. dierdre: the bag police. >> think of all the problems california has. losing jobs to texas they're worried about plastic bags? i mean think about how absurd this is. dierdre: agree. >> only california would worry about plastic bags. the world is imploding. >> a lot of people want to live in california. they don't have much to worry about. >> a lot of people leaving. cheryl: if i want to use plastic bag -- >> immigration and very poor people are living in california more and more. cheryl: another topic. stand by.

royal caribbean is rolling out the first-ever robo bartender, charlie. the bionic bar will be on the new royal caribbean line. what do you think? >> i like my guy at del 'frisco's and mike and ian. i will never trade them in. cheryl: robo bartender? >> so easy to make martini? like a shot of vodka, a couple of shots of vodka, a little bit of gin. excuse me a little bit of very mouth and shake it up. a robot can do that. like the personal service. >> when i complain to this robot my wife was mean to me again, what will he tell me? make another drink which isn't all bad. cheryl: all jobs created in this country are bartender and waitress jobs. now robots will replace them. martin, good idea. >> not a good idea. look i'm sure, i just saw "robocop" recently and i worry about anything with robots getting more involved taking jobs of human beings. not my cup of tea personally.

cheryl: for the cruise industry have a good idea. they have a lot of financial problems. people getting sick on cruises. >> food poisoning and captains run into reef. i think that is bigger problems than robots. cheryl: during the break, charlie will teach me how to make a martini. >> very easy. cheryl: coming up, america's mind block. tensions overseas taking their toll as the public chooses to ignore the crisis in the middle east. plus recline or not to recline on your next flight. that is the debate here on "money." how the knee guard we told but weeks ago is causing major disruptions in the skies. more "money" coming right up. ♪ if you ware a denture, take the simple test.

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new fixodent plus true feel. fixodent. and forget it. cheryl: the rise of isis forcing u.s. action in the middle east. president obama ramping up pressure against the terrorist group authorizing surveillance missions into syria. despite growing threat, president obama holding firms that u.s. troops won't enter iraq to comcast isis. >> american combat troops will

not be returning to fight in iraq. will not allow the united states to be dragged back into another ground war in iraq, because ultimately it is up to the iraqis to bridge their differences and secure themselves. cheryl: here to discuss, chris harmer, institute for the study of war and byron york, fox news contributor. chris, is this the right strategy the president decided to do without sending ground troops in to fight sissies? >> saying that we don't have -- isis. we have 1,000 advisors if they come under fire from isis they will fight back. the additional point, only reason peshmerga, kurdish fighters, seen limited gains against isis because u.s. operators are training them and guiding them and calling in american airstrikes. the fine line saying we have

advisors there and combat troops. they are not actively fighting isis right now, and they are actively assisting people who are. the distinction will become blurred in the days ahead i believe. cheryl: byron, is this a different difficult political strategy for the u.s., in fact he is doing what many chided him for ignoring issue of syria. >> right now it does not seem to be a dangerous political strategy. you have to look at a couple of different measurements here. a lot of the public is not paying any attention at all to what is going on. we've had recent polling showing large groups of people have not paid any attention to what is happening with isis and syria and iraq or to ukraine for that matter. these foreign crises are not getting a lot of public attention. the other thing is, you have got to think if the public were paying attention it would not support the reduction of more u.s. troops into iraq. back in 2011, when the u.s. left for good, there were a lot of polls in which people were asked, okay if the u.s. is gone,

if iraq descends into chaos, would that be a problem? would you prefer, would you favor troops going back? they said no. so, the president obama is probably pretty close to where a majority of the american public is right now. cheryl: byron you brought up the poll. recent "wall street journal" poll. this is the nbc poll. i can't even said believe i said their part of it 43% of the americans are not paying attention to rice of isis in iraq and 42% are similarly uninformed about u.s. involvement with syria. byron, to your point, americans are check out. they're burying their head in the sand. why? this is still a country we spent 10 years in, trillions of dollars to free iraq for nothing? 3,000 dead american troops for what? >> well a lot of americans upon the departure from iraq said they felt that the war in iraq and even one in afghanistan had not been worth it. so i think that, a lot of americans are against this you have to remember, if the president actually changed his

mind and wanted to introduce some significant forces in iraq, he would have to take a long time to try to make his case to the american people. remember when people used to talk about the rush to war in iraq. in fact, it was george w. bush taking months and months and months to make the case for war in iraq. obama has not done that and frankly it is i'm possible to imagine him doing that. cheryl: okay, chris, but at the same time, look, a lot of american resources and again lives have been wasted in iraq. at the same time though, this is global problem and more widespread the problem becomes in the middle east it becomes a political situation, financial situation, the stability of this region could disrupt business, global business around the world, correct? >> that's correct. two responses to the general theme that the american public is either not interested in getting revolved in iraq or ignorant of what is happening there. the first we ignore the islamic state all we want. they are not going to ignore us. we're on the dance card. they will take a shot at us. i can't tell you when or where.

my friend in the intelligence community, department of defense are working around the clock to prevent that from coming. the best way to prevent that from happening destroy isis where they are. if our entering argument there will be no american combat troops on the ground or syria, we have to acknowledge the islamic state will exist for foreseeable future. they have gone head-to-head against every military organization in the region and defeated them all at decisively tactical level. only reason peshmerga stopped isis because american special operators were on the ground. i'm sympathetic to the viewpoint but reality the islamic sit -- cheryl: reality is, look at markets destablize in past trading sessions because of unrest around the world. one of those situations what is happening with russia in ukraine. vladmir putin and ukrainian president poroshenko meeting face-to-face for the first time. they haven't met since june. we're dealing with this all

summer. this handshake came hours after 10 russian paratroopers captured in ukrainian territory and claiming that armed russian convoy crossed the border in another so-called incursion. you think this is sign russia is ramping up its aggression against ukraine. would that be more after story that americans and frankly american investors would care about? >> i think pretty obvious russia has strategic interests in ukraine and vladmir putin is pursuing those. i think from the broader context we're leaving this narrative we seem to compartmentalize all these problems. i would say to y public, a lot of these problems right now seem like they're compartmentalize, but very short fuse away from global problems, international problems. have significant impact on international security and international finance. cheryl: 10 seconds, final thought? >> where these two crises fit together are test of president obama's resolve. we all saw the red line thing back with syria a year ago. the president has to show at some point that when he says

something he really, really means it. cheryl: we'll wait. guys, thank you very much. gentlemen. >> thank you. cheryl: investors have been shrugging off, this is what i've been saying, shrugging off political concerns. dow and s&p both hitting new all-time highs today. get a quick check on the markets with mark newton, a trader on the floor of new york stock exchange. mark, we have all the global unrest, things not getting better around the world yet new highs for the dow and s&p. what is going on? >> you're absolutely right. despitepolitical concerns and concerns about breadth and volume indices stretch higher. we're pretty overbought. we're set to make new intraday highs and closing highs for the both the dow and s&p. interesting the nasdaq composite is within 130 points of its all-time monthly high close, set back in february of 2000. three days left in the month. s&p up 3.7%. 1% in the last week alone. continue to be led by small caps which is interesting and constructive for the market right now. financiallies showing strength. commodities have been dismal

over the last four months, showing new seven-dave highs today. also energy and could have potential to help materials as well. that is one group to focus on weeks ahead, a group down and out, starting to show some signs of bottoming out. cheryl: key word you said, mark, overbought. mark newton. thank you, mark. >> thank you. cheryl: not in my castle. the food fight heats up as horton's hear as deal. exclusive interview with white castle vice president jamie richardson will come up next. plus the emmy spin heard around the nation. sophia vergara decidedly not modern skit at the emmys. there you have it. do you ever have too much money or time to spend on tv. we'll be right back.

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cheryl: one of my favorite topics, the real estate market hitting a bit after brick wall. june home prices slowing to smallest annual gain in 1 months. let's bring in our panel. united advisors scott martin. fox news contributor along with victoria shaneer from douglas elliman. start with you, victoria. you're the real estate expert. you tell me. prices coming down. we're starting to see pressure. >> i'm not seeing pressure. i'm seeing lower inventory. i'm seeing pricing being stable and that to me equals a stable market good for the seller and good for the buyer. makes us relaxed. coming into negotiation we know where we stand. cheryl: scott, do you agree with that? i'm seeing things slow down across many portions of country. still have financing issues and

income issues for many americans and investors are starting to slow their activity in real estate, scott. >> i see the same thing, cheryl. this is against the backdrop of falling interest rates. considerably. issue to me is, maybe to victoria's point we're seeing stability but maybe at lower levels. we got used to the housing recovery coming longer in the tooth here. what do we have, two, three years, probably recovery driven by short supply, not strong demand or strong economy which is better for fundamentals of the housing market. cheryl: i want to bring in the vice president of new york capital markets. jason, take new york aside, i realize that is your specialty, but if you look at the rest of the country you still have a wage gap in many parts of nation. that is slowing down or hurting pricing and sales as well in some of those, parts of the nation. >> sure, there is sagnant wage growth, cheryl.

-- stagnant. you saw the whole country went down. first time since february of 2008. cheryl: i'm not surprised. you gave me a different spin. >> i'm not surprised either. unemployment is still, real unemployment, the u 6 number is offering 16% for the millenial generation. and they're not buying homes. i'm not surprised at all. cheryl: victoria, that is a different animal, let's be clear than other parts of the nation. whether it is phoenix or vegas or florida, take your pick, the party's over for investors. >> i don't feel that way. i feel the party is not over. i feel great time to get in. banks are lending. libor of 1.75. get a fixed 15 year at 2.35%. money is free. best time to buy instead of rent. i see the economy moving where it is moving but you know, we have nothing to invest in. my buyers really want to get in and buy. cheryl: if they can, if they can. somebody getting in victoria,

you will love this, because we're speaking to you. single ladies doing it for themselves. according to the national association of realtors, 25% of homebuyers are single and 16% of those are single women. what have we got going on here, victoria? i'm going to go ahead and say yeah. >> my lady buyers are feeling they're sick of renting and throwing money to the landlord and trying to build equity. they see themselves as breadwinners and bidding families and building children and wanting to continue their life. cheryl: that is interesting, scott. what do you make of that, the fact, we should say the marriage rates are down. they have been going down every year. maybe not surprise that women are going out and buying more. are you surprised at numbers we're getting? >> i think they're great. the point you made is good one about marriage rates and divorce rates too. jason brought up something previously, the household formation numbers which are pretty lousy for millenials. somebody will take over the slack that millenials are not

providing. one in three millenials or more living with their parents. so you have a lot of areas i guess the housing market need to step up and women are filling that. cheryl: jason, 10 seconds on this topic? >> yeah i think, i read the article as well. 25% of the single women are buying hopes. think it is a great thing. i think that they're buying homes and very positive. cheryl: you're politically correct what you're saying. i don't mind. i will let you skate on that one. scott, stay with me on this one. sometimes you have to stop for a minute and admire simpler things in your life like tiny animals engaged in very human activities. you may remember the viral video after hamster eating a tiny burrito? do you? now there is chicken and the hamster living large in tiny mansion. the video follows a morning routine. chicken eating breakfast. taking a bath. driving a convertible. is there takeaway on this at all or will we look at the hamster video? >> that rodents live better than i do now? that they eat better food? this is really tough, makes me

insanely jealous. as much as next guy or girl and they well-produce these videos but i tell you what, this rodent or hamster, when he eats the burrito is very rude. shoves the burrito down his mouth quickly. doesn't wipe his hand. isn't a great example for kids. cheryl: i protest this entire segment. i think internet was made for cat videos. i don't care what a road incident does. thanks, does. exclusive interview with white castle president jamie richardson as burger king heads to canada. he didn't win anything. he was the star of last night's emmy's. stole the show without taking home a ward and netflix is laughing you will the way to the bank of. >> time for you to think. i wonder if i could make it in prison. >> i think you're in the wrong place.

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. cheryl: burger king's $11 billion move to canada getting a frosty reception here at home. democratic senator sharon brown of ohio calling for a boycott of the fast food giant saying burger king's decision to abandon the united states means consumers should turn to wendy's old-fashioned hamburgers or white castle sliders. burger king said have it your way, have it my way. here now with his response is white castle vice president jamie richardson. jamie, thank you for being here. first, your reaction to what the senator had to say? >> cheryl, today's news about burger king we think is a call to action for congress, that the country needs to act and congress needs to act. we've got the highest tax rates in the world practically and need to act to make sure america is competitive and more companies don't make a run for the border. cheryl: what does white castle want to see?

walgreen's abandoned plans to incorporate overseas, they felt too much political pressure, what do you want to see happen with corporate tax reform? what would be good for you? >> we want it to be comprehensive. we want it to be for individuals and corporations. lower rates, fewer deductions are fine. we want to look at work opportunity tax credit that's making a difference for people who need jobs and how that fits into a program that provides a path to prosperity. we want more prosperity for more people especially as namely owned business. we think it's achievable. cheryl: you got to get more specific with me. what kind of corporate tax rate do you think would be fair in the u.s.? >> there's a lot of discussion around 25% rate, somewhere in the 20-25% range where there are fewer deductions, thoughtful policy that is more incentive that allows us to be competitive globally. so they have more nominee invest as they look to their

families in creating a better life. which is the country's founder has done and that's the most patriotic thing to do. cheryl: the senator called for, which may be far-fetched, a global corporate tax rate. if you can get 160 countries to agree on a global corporate tax rate. i can sell you farmland in cuba. do you think that's possible? could we find a place in the world where we can agree a tax rate of 20% for all countries works? >> we salute senator brown for sharing his inner caveman and he's a man of good taste, obviously, in that regard. for us, we can work within the framework of knowing what's worked in the past. when taxes are lower for individuals and corporations, the dollars are reinvested in communities and neighborhoods where they make a difference for real families and people have more money to invest as they see fit. we think we can focus at home first. cheryl: there's another side to the debate. yes, we should do what's best

for business and shareholders, and basically that's what's best for burger king investors. on the other side, companies could be called unpatriotic for not staying in this country, making sure they are headquartered in this country, more jobs, and paying their fair share which is 35%. what do you say to that? >> well, we all know whether it's dollars and loonies and tuneies to invest back in the business. the family owned business for 93 years. for us it's about the most patriotic thing we can do is what's best for our team members to have them have a better life. we're going to advocate for thoughtful comprehensive tax reform that makes a difference in people's lives. >> let me ask you aboutething e the minimum wage issue. do you think companies like white castle and others, mcdonald's in particular has been caught into the story, about should we take the minimum wage higher? what does that mean for the companies?

would you support a higher minimum wage for white castle employees? >> the average team member makes 35% above minimum wage. if this gets raised, there will be fewer opportunities for people who need the jobs, the sector jobs provide, we're opposed to raising minimum wage, we think it's going to take opportunity away for people we're trying to help. cheryl: i've been a white castle fan for years, since a kid. good to have you on the show. the original maker of the slider. >> great to be here. cheryl: jamie, thank you very much. whether it is on wall street or main street, here's who's making money today. anyone with a piece of dsw, shares popping today after it reported a jump in quarterly profits and told investors to expect much better full year earnings. wall street seems to be listening, shares climbing more than 8% right now. take a look at that ticker,

dsw. making serious cash from this, the ceo's sister has around 3 million shares, made an extra 7 million dollars today, nice! why she's smiling. and making money selling fancy chicken to new yorkers? a new venue called birds and bubbles selling fried chicken and champagne combo for 55 bucks and said to be a, quote, elevated southern dish and the chef says buttermilk birds should only be served with the best glass of bubbly. sounds good. actually. if i ate chicken, i would go. i would. making more than any of his peers, roger federer, once again the highest paid tennis player and made a whopping 56 million dollars with lucrative sponsorship deals with the likes of nike and rolex. go roger! keep playing well because you're doing great so far. prime-time shutout for

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. cheryl: manufacturers getting a boost, orders for big ticket goods like cars and planes jumped by 23% way more than the 7.5 expected by economists. the sharpest increase ever recorded. elon musk on the verge of electric car breakthrough, developing a rechargeable battery with a 500 mile range, experimenting with a super material. tesla can only go 260 miles a single charge. disney drones filed several patents to use unmanned aircrafts at theme parks to protect displays. interesting concept. that is the latest from the fox business network, giving you money to prosper.

. >> television's biggest night, you can feel it? >> no. >> for a dollar, true or false. maggie smith doesn't give a [ bleep ] about the awards. >> true. >> yes. for a dollar, name this year's emmy host. >> i couldn't. >> not at all? >> no. >> he's standing right next to me. no. >> it's seth macfarlane.

how dare you! >> seth who. netflix failing to bring home the gold. despite high hopes, the streaming service was completely shut out. the prime-time emmy awards is the host of in the fox light. my good friend michael temmera. you are still awake, i'm impressed. >> hey! casone money, how are you? cheryl: what happened to netflix, rough night for them? >> a crime against humanity! 31 nominations! and it got zippo. top fair, they did take seven awards at the creative artists emmys last weekend. last night was the night that really matter. the television academy last night was tv's biggest night, the academy invited streaming services and some of hollywood's biggest stars to the party. let's talk about that. and gave them nothing. went home empty-handed. poor julia roberts had to be wondering what come out for this for. >> she was nominated for the

normal heart, okay? and out of nowhere they do this tribute to her and she looks stunned, not to make sure what to make of it, her category is announced and the award goes kathy bates! netflix might take away between netflix and the big stars that did not like matthew mcconaughey, tv took care of its own in a traditional way. the awards are so hard to predict. 15,000 members nominate which shows are nominated for the year, and a small select group of volunteers that no one knows about sit down and vote. kind of a little bit what happens. cheryl: my opinion about the netflix controversy from last night is they did win in that it became apparent who's watching network tv anywhere. if you are on cbs this morning, we got to change strategy, it was all netflix and amc and bravo and hbo, right?

didn't netflix, the fact they had so many nominations win this year no matter what? >> absolutely. didn't have to take home anything to win. orange is the new black is the hottest new show on television this year. the most talked about. that cast was anyone wanted to speak to last night on the red carpet. so they really have changed the game. and we're in the middle of the renaissance, golden age of television largely due to all the new platforms. caught up with matt leblanc and were talking, how do you account for the best story telling is happening on television. there's so many platforms like netflix and cable. they don't have the same restrictions that they do on regular tv. they don't have standards and practices. who knew? cheryl: poor michael hanging out with matt on the red carpet. michael, thank you. >> i'll give you all the juice tomorrow. cheryl: have a good flight

home. want to bring in jack how on the storey. and many of you saw this. the emmys putting sofia vergara on a pedestal. the "modern family" star sat on a rotating platform while the tv academy ceo. a lot of reaction this was inappropriate, that it was sexist, but she agreed to it. >> thanks for asking me to weigh on this important issue. there is hypocrisy here. if these lines were delivered by don draper instead of a media executive, women would have thought this was the funniest joke of the night. this is not objectification, this is satire of objectification of women, people are thrilled here. cheryl: we would all love to look like sofia vergara. good god, look at her. >> it's not a secret, they like to put good looking people on tv. fox business doesn't have me

here because i'm a writer for "barron's" magazine. i'm having trouble finding my good side you. >> look great, darling. thank you. last hour of trading, someone that looks great, adam shapiro, what's going on, sir? >> i need pepto-bismol after what jack was saying. action packed 3:00 hour. lot of headlines, everyone has to live somewhere, so is the price of your home going up. what's happening? you saw cheryl talk about this. i'm going muscle into your brand on real estate. we're going to talk with john burns, the real estate consultant, why the price increase is slowing down, and i'm going to throw a question to you, a trillion dollar movement and it's not going to mortgage, it's going to student debt and keeping people out of market. how do you get them back? we're going to ask john. uniglow, how do you pronounce it? they're going to take over the retail market. 21 stores in the usa.

18 on the way with a huge new store planned to open in 2015 on michigan avenue, and we have got the head of uniqlo to talk about it. larry meyer will talk about the hottest thing in fashion and the clothes will fit you right. cheryl: one long run away from getting into the outfits. thank you. >> see you. cheryl: coming up, you get water. you get water. no. actually only oprah gets water in the middle of a drought in california. plus, nothing says august like a steamy pumpkin spice latte. are we in autumn? we're investigating next. you can never have too much money.

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. cheryl: lifestyles of parched and famous. more than 82% of california under an extreme drought. rural homes in california can no longer get drinking water from faucets. oprah paying $15,000 for a convoy of water tankers to replenish the estate. the good life. jack and scott are back. seriously? >> problem, cheryl, i tell you what. nutty numbers out of the story. last year her water bill for the entire year, $120,000. then it also costs her about 15,000 a month to get the tankers in and out to her residence, her property. you're talking about serious cash that she's spending on

this. she's in the wrong state. you showed the map. half the state is in severe drought. half the state is desert anyway and the water is sucked up by the ag business. she has to move if she wants to get it taken care of. cheryl: she's not the girl from mississippi anymore. >> stumbling over each other to praise oprah. she's the poster child bringing water in from outside, not using local water. let's not be too quick to award a nobel peace prize here. i want to check out miles per gallon on the trucks and find out what's going on with the environment? got to be a scandal. cheryl: i think the jet is burning more carbon in the environment than we need to discuss. guys, thank you very much. the calendar may read august, good luck telling starbucks, pumpkin spice latte rolling out early for the social media fans. nicole petallides is on the floor of the new york stock exchange at starbucks. >> reporter: this is our starbucks on the flo

new york stock exchange. the drink of the fall, over 200 million pumpkin spice lattes have been sold from starbucks. a consumer advocate says there is no pumpkin in the pumpkin spice latte? what? no pumpkin in there. you have the starbucks spokesperson talk about the ingredients which include pumpkin-like spices of fall. cinnamon, nutmeg, ginger, clover. you have len harry saying, hey, that's the criteevenlth we don't have pumpkin in the pumpkin spice latte. whatever. does it really matter? as long as it tastes good. cheryl: nicole, you are already in a long-sleeved dress and it's august. >> it's freezing in here, side note. cheryl: thank you, nicole. well, what device did a passenger bring on a united airlines plane that caused a fight to break out and the flight to be diverted? some people need to relax.

at the end of the day, it's all about "money."

. cheryl: the defender is a $22 gadget that keeps someone in front of you from reclining seat on a flight. we warned you it would be trouble. united airlines flight was forced to make an emergency landing in chicago after two passengers got into a full-on brawl over the knee defender. scott, you travel a lot, what do you say? >> these are nuts. a lot of the airlines outlaw these by the way, you are not supposed to use them. this instance occurred in economy plus where you are supposed to have more leg room than coach, and the two passengers got in a huge fight about it, the guy blocked her from reclining. what happened to courtesy, i'm

between two guys. cheryl: they were angry. jack? >> neutralizes the knee defender, i'm putting the word out to entrepreneurs. cheryl: that's it for me. "countdown" starts right now. >> the s&p 500 hits new intraday record on signs of strength in the american economy. do the markets have room to run or stocks near a top? how can you protect your portfolio from the heat in the market. forget cherry coke, billionaire warren buffett likes burger king as well. helping finance the takeover of tim hortons, latest in a series of financing deals by buffett. if he were a bank, how profitable would he be? uniqlo is taking low prices into america's heartland. uniqlo alst