behind me. [closing bell ringing] it was a tough day. people did not expect the decline and sort of taken aback by it. something to watch closely. nasdaq to the downside. david: there are the bells ringing. three down, one up. three down, worthwhile noting as everybody has all day that alibaba's coming. it will probably be friday. a lot of people repositioning their tech sector stocks in preparation for alibaba. that may have a lot to say why we saw 1% fall of nasdaq and a gain on dow jones industrials. tale of two worlds. we'll get into the details in just a moment. "after the bell" starts right now. liz: you want analysis, we have it for you on today's action. ron weiner, rdm financial group founder and ceo. he handles money for very wealthy and smart clients. he says the best is the u.s.

global market for investors. he will tell you why and where to put your money. bob phillips is spectrum management group managing partner. gives investors three blue-chip stock picks with attractive valuations. so valuations are important to him. green square capital's lincoln ellis at the cme we begin with lincoln and we see follow-through sort of from the malaise we saw last week where we snapped the five-week winning streaks. >> zap s&p down 1%. repositioning to take care of that alibaba ipo. there is noise, scotland, things in the e.u., separatist movements. longer term issues are still very much at stake. getting clearer what fed policy is relative to what ecb policy is. developed market versus emerging market. investors really unclear about where the best places to

allocate capital are. because on relative value, some of the things that have been sold off over the course of the last three months are interesting. as your other guests will tell you, the u.s. very much in favor in terms of investtores. david: ron weiner, i want to go to you first. the story was about the tech sector. you're big on the tech sector. you're big in the tech sector's well we should mention but was this all about people realigning, selling off a lot of their tech stocks to wait for alibaba to get in. >> that's my best guess. billions and billions getting taken out of hot stocks, the nasdaq stocks not just tech but the online ipos that came out. they're all up. so yeah, people are taking profits. repositioning to get their shares. no big deal. it will just come right on back. david: is it about alibaba? is that what they're getting their cash hoard ready for. >> that's right. they're repositioning, getting their shares, getting their cash ready for their shares.

then the rest of it will come back. we're not worried at all about this. small term blow. liz: you could argue, bringing bob into the conversation, that people will sell yahoo! to raise money to buy alibaba or even ebay which is one of your picks. ebay was down 1% today, yet you like it. even with the cloud, or either way you shift it with the alibaba ipo here. >> yes, liz, ebay we think was hit last week when apple announced their new mobile payment platform. we think it was unjustified. if you look at ebay and their marketplace, along with paypal and its ecosystem, growing users at double-digit rates, we think that continues going forward. we think the stock is, trading at discount to the market and we think it's a double or single, high single-digit, low double-digit grower. nice entry point at this point. david: lincoln i want to go back

took about the fed for a second. usually fed week all eyes are on the fed except this week all eyes on alibaba. it is being divert ad little bit. sometime we get close to rates going up, we'll see change in language. what language are you looking to see inside the fed stock this week? >> language inside the fed needs to be more specific not only timetable, the initial timetable but the pace at which the federal reserve is actually going to be moving. michael moskow here in chicago, who sat on the board for some time in the 1990s and through the beginning of the crisis was actually very thoughtful making sure that the telegraph was out there at 25 basis points per meeting. really standard, pace that the markets could digest. look for that same kind of clarity and visibility from a yellen-led federal reserve bank. one other point i want to make, david, real quick on this nasdaq repositioning piece. there is a story across the

wire, the nasdaq actually is "tale of two cities" of its own right. almost 50% of the nasdaq companies are themselves in buyer market territory. the divergence of winners over losers in a market capitalization index can be quick when the top is going up and bottom is going down. liz: let's continue on the fed vain david brought up. ron weiner, we look at your investments. we put up your picks right now. does any of this change if the fed changes its language just a smidge by a word or two? >> i'm so tired of talking about the fed, liz. i got to tell you. liz: it is what moves the market. >> we have to say it, i think will be a yawner. they still will be data dependent. they're not going to move fast. if they move too fast and economy slows down they will slow down. they have lots of room to go. they don't have to move quick. i don't think you make invests based on the fed right now. if you can't fight three feds. we have bank of japan and we've

got europe and the u.s. interest rates will remain fairly low. they are not going down much, that's for sure. david: bob, one of the things taking a lot of heat off the fed with their new qe program. that keeps our rates low, is that right. >> that's right, david. rates are hire than in the u.s. and most of europe. certainly higher than they are in japan. growth is much better here than either one of those places. consequently the dollar is get stronger. we're attracting a lot of overseas money to buy u.s. bond. the fed get as free pass because of that. they will end qe next month but the demand to buy u.s. bond from overseas investors has ticked up which kind of picks up all the slack. i think interest rates are pretty well capped here for a while. liz: okay. so then that bliss us back to ron and what you expect the markets might react to once it happens? i think you're right. the fed very data dependent. am i wrong they're mostly

excited when they see bad data? we got industrial production wasn't as good as expected. new york empire index which is regional indicator of manufacturing health looked much better than expected. "a tale of two cities" there. the larger number which is industrial production, might slow up the fed's move to tighten rates. >> listen, hard for me to picture fed as excited as number one. but, secondly, the ism numbers have been great. the leading economic indicators are really strong. and they're usually the foretell of a recession or anything bad happening in the markets. we don't see anything bad in the markets. they have a lot of room. not a lot of room. they have room to raise a little, maybe hold back. they could change their language. i think it really depends on the economy, the economy is still growing. and ceos are doing a great job of figuring out how to make money. i don't think it affects stocks that much. david: okay. >> i think it affects if you own a bond fund. liz: true. >> it affects if you're really

long on bonds. i think you have to be careful about bonds, i think stocks, if you stayed in the u.s. and stayed and companies that are doing well in this kind of environment i think you will be just fine regardless what the fed does. david: ron, we're almost out of time, very quickly, apple, a lot of questions whether or not its strategies outlined last week are going to work. you were big on apple. are you still big on apple? were you buoyed by what you saw last week? >> we've been together for years and i've been a apple man for a long, long time. the truth of the matter is apple is in the right space. there are 750 new middle class families coming in the world by 2030. they will all be buying iphones, whether google or apple. this i pay thing, watch out i think this could be a big earner for apple down the road. david: ron weiner, bob phillips. thank you very much. great stuff. lincoln ellis we'll come back to you shortly for the s&p futures close. thanks a lot, guys. liz: we want to ask ron about the dollar. i'm sure he has a ton of opinions on that.

the dollar has been on quite a tear. hovering near 1446-month high. it pulled back today just a bit. listen, we could see positive impacts for the economy with the stronger dollar. higher greenbacker could mean lower profits on the other hand for some companies. which side should take over? we'll tell you who could get hit the most, who could profit the most from a strong dollar next. david: entire car 3d printed. not all of it, not all the parts but took only 45 hours to build. it is completely customizable. we're going to be talking to a cofound i of local motors. they created this car, about a revolutionary vehicle and how you can get your hand on one. >> foreclosure activity picking up again across the united states. all these foreclosed homes on the market, could it mean more buying opportunities for some of you out there? if you have been recently priced out the market, what should you know before jumping in to buy a foreclosed home? in fact we have two experts who

really will explain how you can do that. david: alibaba, alibaba, alibaba. it is releasing this week at the same time that the chinese government is crushing competition from u.s. companies. they're getting into our market. what do you think? is there any danger in letting alibaba ipo in the u.s. market? letting the fox into the hen coop? what do you think? tweet us @fbnatb. your answers coming up. ♪ [ male announcer ] once, there was a man who found a magic seashell.

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liz: big beer story. moulson coors one of the big gainers on s&p. up 6%,. david: let's go to nicole petallides on floor of nyse. nicole. >> everybody seems to be talking about the potential for m&a activity. will there be mergers or acquisitions. why is that talk even starting? and you could see here the moulson coors did jump to a new high. up almost 6% on the day yet nobody made an offer for moulson coors. the reason behind this there were reports that sabmiller had been looking possibly to make a deal with heineken. heineken basically said no.

we want to remain independent. then there was chatter from "the wall street journal" in particular that anheuser-busch inbev was talking to maybe get financing to take over sabmiller. so, all this talk has really given the group a real pop. if you put those two together, they are the number one and two largest. so there may be some antitrust regulatory hurdles to continue with if that were to actually happen but keep an eye on this group, liz and dave. certainly one that seems to be brewing. i don't mean to be funny. liz: thank you, nicole, very much. david: s&p futures are closing. let's head back to lincoln ellis in the pits of cme. i have to give you kudos. i read the piece you put together for green square capital. very good information. if you ever want to know what is going on in the world check out his strategy paper for green square capital. go ahead. >> well, as you said, a lot of stuff going on this week. we have apple -- fomc meeting. alibaba on friday and a bunch of

housing market data so the a lot of information for the market to digesting. that plus scottish independence and more rumblings out of catalonia. just a preview of that. people squaring, getting ready for later on in the week. not much today. i things will rev up tomorrow and friday. you see that in volatility numbers hitting higher notes as we yap up here. david: lincoln ellis, brilliant strategist. thank you very much. appreciate it. liz: raise your prices, lincoln. david gave awe commercial. david: he's good. he's good. liz: the u.s. dollar fell from its 14-month highs from its peers but the currency has been climbing for nine weeks. that is the longest rally in 17 years. david: but the strong dollar may actually hurt some companies this coming earnings season. so which companies will feel the pinch, which will benefit and how will the scottish independence vote impact the pound sterling? joining us ceo

wolfgang coaster. wolfgang, good to see you. let me take issue for the premise for a second here and get your response. we had a very strong dollar in the 190's as part of ronald reagan's strategy. -- 1980's. strong recovery along with the strong dollar and robert ruben's tenure as treasurer in the clinton administration along with a strong dollar. why would a strong dollar be bad now? >> more companies are more international than they have ever been. if you have all of sudden a strong dollar, lower sterling i'm sure we talk about that in minute or lower euro. getting 100 euros and used to get $140 for it and now getting $130 for it. that $10 you're not receiving more from international companies. from a financial statement, from revenues down to earnings per share you will have less income unless you manage that properly. liz: okay. so managing it properly. and again, we're not saying here

that a strong dollar is a bad thing. it is bad for some. positive for others. but, when we're looking specifically at investments let's get the names of companies that have both will be hurt and the names of companies that would be helped by this stronger dollar. >> right. so i think on one side let's start with the positive. liz: okay. >> companies are managing it properly like the accentures we talked about before or merck or companies that are small or flir or jd software. companies of all sizes all sorts of industries doing a very good job understanding their exposure and managing it accordingly and quickly. that is just what we are past financial crisis. now look at companies like paccar or an owens illinois or even a harley-davidson, those companies have historically had significant impacts due to foreign exchange. if you look at, for example, the harley-davidson, they had a very positive impact when the dollar was depreciating. now, because they're not

managing it as closely, now they're going to have the same thing on the other side. the problem with all that is, at the end of the day, the positive news is just not rewarded as much as negative news is penalized. therefore they need to be managing that. david: but there are at love companies, frankly, as a lot of our analysts have said, one reason why the market has been doing so well, while the economy hasn't been doing great in the u.s. is because there is nowhere else to go. that means people like dollar earnings because they can almost bank those dollar earnings and the stronger the dollar goes in that sense, the better these companies, that bet on that will do, correct? >> well, i would say that investors are going to look at, where am i going to have better predictable cash flow? i think what they're going to say, what company is not going to be surprised by a significant dollar mover sus the ones that are? and then if you compare an accenture to ibm, maybe accenture is better positioned. investors will go, i'm going

into look at accentures, not one industry versus another. literally within the industry, where are you better and who will you bet with. liz: the pound sterling has fallen precipitously with the specter of scotland jettisoning itself from the u.k. of course. what do you think happens there? is there a dollar reaction? >> we've already seen part of the dollar reaction. i spent the last would weeks over there and as you know i talk to ceos about that topic. when i was in the u.k. up until last thursday, there was there will be a yes vote. all of sudden over the weekend with a lot of propaganda from the u.k. really coming there will be more of a no vote there. the fact of the ma ther is, whether it goes up or down, that is not the business these companies are in. these companies understand there are many currencies that can have volatility. liz: of course. >> if you see scotland saying yes we'll go independent, then you're going to see depreciation in the stirling and that is going to impact a company like

harley david significantly. liz: wolfgang, great to see you. >> always a pleasure. david: very good information. thank you very much. the u.s. has one of the least competitive tax systems in the world and, one of the most complex. didn't used to be that way. now there is new evidence to prove it. we'll be talking to one of the authors of a new report that is raising red flags about the entire u.s. tax code but giving hope that it could be changed. liz: do you want to know how to buy a foreclosed home? is it different from other home buying processes? perhaps, could you make a killing in this housing market by doing that? just one of the things we'll be asking our favorite housing guys, the hosts of national real estate post, brian stevens and frank garay. david: a couple of the nation's best known retailers are stepping up their game getting ready for same day delivery. details when we return. ♪

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see car insurance in a whole new light. liberty mutual insurance. liz: time for a quick speed read of some of the day's other headlines, five stories one minute of the first up, bill ackman aims to raise $2 billion with an ipo of one of his offshore hedge fund on euronext amsterdam. the company is expected to have a market cap of at least $5 billion. anheuser-busch talking to banks about financing deal to buy global beer rival sabmiller. told you at the top. hour. according to the journal the deal could be worth up to $122 billion. macy's and bloomingdale's will testing same day delivery service in eight major markets. bloomingdale will offer the service in four major cities.

apple recording record preorders for its iphone 6. 24 million units were ordered in the first 24 hours. twice the number of preorders achieved in 24 hours bit iphone 5. that was back in 2012. google reveals the first cheap android one smartphones in india. the devices will cost $100 each. smartphones. are designed to help push affordable smartphones in the developing world. that is today's "speed read." david: cool. if you feel that our tax code is a mess and who doesn't and there is no one out there willing to fight for the little guy, fear not. the tax foundation has just come out with a great new index to shame our lawmakers into straightening things out. now the headline here is, that the u.s., excuse me, ranks a pathetic 32 out of the 34 countries ranked for the complexity and unbusiness-like quality of their tax code. that means that struggling italy and spain actually have better

tax codes than ours. for details now, joining me is kyle, tax foundation economist. unbelievable, kyle, when you think of, all right, we used to be, one of the friendliest places for businesses. now we're one of the most unfriendly. let's first of all define what you guys think is a good tax code because you really spell it out and i'm going to quote from your report. a tax code that seeks to raise the most revenue with the fewest economic distortions. this also means no targeted tax breaks for businesses, specific business activities. that last part is really to kind of rule out crony capitalism that we have seen so much of over the past few years. >> yeah. we look at over 40 tax policy variables in order to determine how well each country's tax code does to promote this sort of neutrality. with this means essentially for business income is that this income is treated fairly with a broad base, and we think that

once tax code conforms to neutrality it will lead to long-term economic growth. david: of course the problem when you have these special deals for individual companies, is that you have a misallocation of capital. all these social engineering programs, usually do a pretty lousy job much allocating capital. >> yeah. absolutely. so with all these, with special tax breaks in the tax code, a lot of companies are going to devote their time towards, getting these tax breaks, so they're going to hire lawyers and accountants in order to navigate the tax code rather than looking for what would actually promote the economy. what would actually give them higher returns. they're looking through the tax code, actually not what is going to be good for their business. david: what is great about this report, again i would urge people, our viewers to look at the tax foundation, excuse me, look at the website and really focus in on how poor we have become in terms of the

complication of our tax code. you do have a tendency to shame people to change their behavior. you've been doing this with individual states for years now, for decades, really, showing that some states, for example, texas, do a much better job at simplifying their tax code than other states like california. that makes people move and that changes behavior, does it not? >> well, yeah, it is certainly use null to look at different countries and how their tax codes are structured. i think it is a good lesson for the united states to know look, there are countries out there, even larger countries like, larger welfare states like sweden have better tax codes. they raise revenue better than the united states does. david: well, and we ourselves have had better tax codes in the past. we've had a chance to test out certain tax codes. some work better than others. what do you propose? what do you think our tax code should be like? >> well i think the biggest first steps for the united

states, instead of, you don't have to reform the entire thing but first easiest steps of course are to lower our corporate income tax. for the past 20 years, countries around the world have lowered their corporate income tax. the average among industrialized nations is 25%. we're up near 40%. second to move to territorial tax income, tax income only earned in the united states. doesn't mess around with income and activity overseas. david: get to the first point about trying to end crony capitalism, in this economy, going to a flat tax, where nobody gets special deduction, everybody pays the same rate. >> that would certainly reduce amount of complexity. of course the challenge to make sure you're defining income correctly. you want to make sure you're not creating something like a turnover tax that is going to tax revenues of companies. you make sure you defining income correctly. but of course getting towards a

simple code that is also neutral is what we should be doing. david: kyle, good stuff. i'm glad millenial getting into this stuff. make it your lives devotion to simplify our tax code. us old-timers need it. kyle, thank you. the tax foundation is where you go to find out all the details about this excellent report. liz? liz: thank you, david, very much. alibaba's ipo you will hear a lot about it from now until friday and beyond. it could be a turning for one stock which has more than 22% stake in the chinese e-commerce giant. coming up we'll hear from a what a former yahoo! board member says about the potential impact of the gigantic ipo on the u.s. internet company. auto manufacturing could be on the brink of a revolution, perhaps, even more significant, than the arrival of robots in auto plants. the cofounder and ceo of a startup behind some breakthrough new technology is our guest ahead. stay tuned.

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or difficulty breathing or swallowing, stop taking cialis and get medical help right away. ask your doctor about cialis for daily use and a free 30-tablet trial. >> shares of chinese e-commerce giant make their trading debut on friday what could be the biggest ipo in history. the company is looking to list its price with strong investor

demand. higher range will be upper 66 but less than 7. 70. anthony scare my think was on said it could be over 70. the expected range was $66. this record breaking ipo could spell big bucks for selected companies. talk is centered around one being big giant yahoo! they own 22% of alibaba. the company ipos for $66, the stake, the stake alone would be worth around 33 billion for yahoo! that has some people asking what yahoo! would be worth without alibaba. former yahoo! board member, eric hipa told "risk & reward anchor dierdre bolton earlier today. tyke a listen. >> alibaba and japan. they were so-called asian assets constitute the entire value of yahoo!. investors are valuing the core business at zero. proxy for value of asian assets. nobody cares about the core

business. david: wow, yahoo! at zero without alibaba. investors don't seem that concerned. shares of alibaba hitting a 52-week high today. all this week fox business will bring you expanded coverage of the historic alibaba ipo with exclusive guests and analysts that you can not afford to miss. a lot of money will be made here. liz: well, a lot of money could be made in foreclosed homes. you may have your second chance. they haven't all been soaked up by buyers out there. the u.s. foreclosure activity is rising again, for a second month in a row in august, climbing 7% from july. is the jump a reflection of new wave of homes hitting the foreclosure market or banks purging their backlog? either way could this be opportunity for you? is now the time to buy? let's ask real estate experts, joining me, brian stevens, frank garay, host of the national real estate post. there are people out there, guys, who are so psyched to see that more foreclosed homes are

coming back on the market because they want in, they want to buy. first of all, what do you think is at the heart of coming on to the market again? >> what is taking place, the houses getting foreclosed on were actual foreclosures prior to 2010 and they're all written off the book, loans written off prior to 2007. these are not new houses getting foreclosed. these are foreclosures sitting on book for years. like the old local furniture commercials where everything must go. with lack of inventory this, is great idea and great opportunity for people to go out there and buy homes. liz: frank. let's teach people how to do it. i would buy a foreclosed home. i'm nervous. there are risks. who do i go to? how does the process work? teach people watching. >> first thing you want to get connected to a local real estate agent. best way to do that, ask family, friends, that type of thing. somebody you knows that a good rapport with people you already know and let that person know what you're trying to do. they're more connected to these

properties. they will see them coming on mls quicker, the market quicker and know what you're trying to do and steer you right direction on proper properties. that's what i would do. if you come across something you don't think your real estate has found and bring that to his or her attention so they can help dive into it for you to see if it is the right decision. >> one thing people need to understand about buying foreclosure, it runs just like a regular transaction. liz: ah. >> if they were dipping their feet in the water a few years ago and you had to go negotiate with hud or fannie ore freddie, it was like yanking teeth to get these things done. that is not the case anymore. every real estate agent out there who has been in the business a number of years knows how to negotiate the contracts and get them closed in same time frame than any other property. >> they will help you with the condition of the property and looking to turn it to make some money. liz: with the checklist, number one, let's try to find through a local real estate agent who has their ear to the ground what's available. but would number two be, don't

you face a lot of other buyers who are in competition with you to get these foreclosed homes on the cheap? >> you know, depends on market. just a couple seconds before coming on the show we were speaking with a producer who sold his house in four days. from a seller's standpoint that is a great idea. we're up in northern california. properties are going fast. depending on area you're in, this isn't detroit where you could probably find a lot better deals on more properties. but with this inventory showing up, especially in a lot of larger markets like in nevada, florida, california, sand states that saw the huge foreclosures it might be that great opportunity to go in there and get a house. liz: what are the risks, frank, to buying a foreclosed home? >> condition is a big thing. a lot of people when they leave homes they do kung fu on the way out, right? they're kicking in doors. they're thinking i need that bathroom sink in my next place. i will take it. >> pouring cement down the sink and toilet. >> that ace big concern. there is, can you turn it? are you looking to do this as

money making opportunity or looking to live there? so different concerns for the different angles on buying foreclosure. >> one thing working with a local agent, they set you up with the home inspector and pest inspection done and kick the tires of your proverbial investment. you can mitigate and limit a lot of risk working with a good agent. liz: or bring in a price cut. entire plum be system is shot, get out. >> you wouldn't believe what people are taking. when you get foreclosed on they're taking hot water with them. don't know why. >> throw that in the truck. >> oh, man, i don't want what they want to leave, forget it. gray ideas, guys. brian and frank. hosts of the national real estate post. always a pleasure. come back again. >> thank you so much. we appreciate it. >> anytime. david: i love those guys. future of the auto industry may be very different from anything even visionaries like tesla founder elan musk are predict.

we'll talk to the cofounder and ceo after car startup that is changing the way cars are made. wait until you see this. rail networks are getting clogged because of huge increase in oil production and movement of that oil. we go to illinois to find out how exactly the railway congestion is and whether opening the keystone pipeline could ease that pressure. stay tuned. ♪. how much money do you have in your pocket right now? i have $40, $21. could something that small make an impact on something as big as your retirement? i don't think so. well if you start putting that towards your retirement every week and let it grow over time, for twenty to thirty years, that retirement challenge might not seem so big after all. ♪

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liz: when it comes to three deprinting which has become so hot now, there are breakthroughs every single day. no one until now built a 3d printed car that runs. more importantly it was built in just 45 hours. david: with us the cofounder and ceo of the company that built that car. local motors, john rogers. john, you're calling your company a vehicle innovation company. we should say at the outset by the way, you can't make everything through 3d. you're not talking about the motors too, are you, or the chassis? >> not yet, david. what we're looking forward to doing is building the major part of the car that needs to be innovated quickly and that is the whole structure. bottomeddy, rest of the car. some components will always be made in more traditional way. liz: we're looking at time-lapse photography. i can't see enough of that. we can put it up as much as we want, john.

it looks fascinating. you're using carbon infused plastics, 40-pound per hour. how did you even program the 3d printer to create this vehicle? how did that process work and with whom did you work as a 3d printer? >> local motors is about changing the way that you move and in the future you're growing to see the most incredible innovations come out of this community. we use a community of over 120,000 people in 130 countries. this is crowd sourced automotive. we cocreate with them to make this happen. this machine, and the, the set of machines that put it together, was developed with a partnership between cincinnati incorporated and oak ridge national lab and local motors and we brought it all together to 3d print this car or what we call direct tinning tall manufacturing in just 45 hours. david: henry ford of course changed the way america did business by creating assembly lines. it wasn't just a car itself. it was idea of assembly lines,

the management idea that had which really changed the way america did business. for you, the hardest thing about assembly lines is retooling stuff when you have minor changes to make. that's what you do. you allow almost instantaneous retooling of the assembly line, right. >> david, this is the decade of the car. the country, our workers, the world is looking for manufacturing innovation. frederick taylor and henry ford, you're dead on. they set the last 100 years how we make. if you're excited about tesla and they're bringing most important component of a car perhaps, the power train to market, local motors is about changing the way we manufacture the whole car and that is so needed right now for our jobs and for our innovation. liz: well, i believe it was "the financial times" jillian ted who coined the term, generation c. c standing for customized. everything from how you want your starbucks drink to go to your cell phone cover. no matter what, generation c,

clearly through you come to automobiles. give us a sense of the possibilities. they seem almost endless. people could change the angle which side mirrors or how the front end could look, simply going online designing i guess on software? >> the abilities for consumer preference like your clothing even, to be expressed in this way, are just going to be unchained. and you will be able to come in the next 12 months. you will be able to tap this community of industrial designers and professional engineers and straight up, you will walk into one of our facility is. you will be able to order the car from a list of ones like those never seen before. and the next day walk out with that car. david: john, let ask about your company specifically. you're selling this car but i'm thinking of a company from past like fisher auto works. they focused just on making the bodies that henry ford filled in with the motor and other stuff. why not just go in that direction? why not just say look, we're great what we do, which is the

outside surface of the car. we'll let somebody else put in the inside? >> david, you're a real student of automotive industry. fisher bodyworks or duisenberg or any of the great coach works out there they had to bite off a small piece of the car value chain because it was complex. we know the story of preston tucker how rumored the big guys in the automotive industry put him out of business. they used to be able to do that because it was a very complex value chain. the strati, first 3d printed car model was brought to market with less than 50 parts. we brought car's parts of 20,000 less than 50. this demock advertises the way you bring things to market. i don't think we need to do just one part of it. we want our community to have the opportunity to bring the whole thing to market. it is changing the way vehicles are born. liz: coolest thing. good luck to you. david: changing american industry. >> thank you so much. david: john rogers, great stuff.

local motors. best of luck could to you, john. please come back. >> thank you. david: north dakota oil is taking up rail capacity and causing a massive backlog of grains. we'll tell you how it is hurting farmsers and food companies and making a good case for the keystone pipeline. liz: four-legged robot modeled after the fastest land mammal on earth. look at that little guy. makes him able to outrun humans. we have details when we take you off the desk. david: oh, my goodness. ♪ work with equity experts who work with regional experts who work with portfolio management experts that's when expertise happens. mfs.

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david: clogged railroads are threatening to leave farmers out to dry after they move what promises to be a record harvest in the coming weeks. liz: the backlog is making a pretty good case for the proposed keystone pipeline. jeff flock from illinois. jeff, talk first about what is being done to end the back locks of bottlenecks of grains that need to go before they rot? >> not much can get done. that is a problem, liz. there are not enough cars out there with the capacity to move this i'm in the bean field. look at this bean field. it is beautiful. it is wet out here. one of the reasons we have bountiful harvest. i'll tell you this harvest will

outstrip the ability of storage out there. take a look at the states that are most at risk. there is just not enough storage to put all of this in storage. so they have to move it by rail quickly. well the problem is, we've got such demand for rail capacity as a result of you know, of the shale, the fracking that takes place in the dakotas. consequently there is not enough capacity. look this oil production has boomed. given the fact there is not pipeline to move the oil on, rail is the only option. this seven looking at love farmers like the one whose field i'm standing in right now pretty scared. >> i anticipate seeing grain sitting on the ground this fall. corn they can manage it for a short period of time. but, there are still going to have issues. they will be tight. it is going to be tight. around they told me probably be some long lines at elevator, waiting to unload. >> it is just tough because you

have got the bounty full harvest. we have oil production, you know, making us the number one oil producer in the world. and we can't move them. kind of scary. david: kind of scary indeed. jeff flock, thank you very much. we have breaking news on alibaba. the person who has more information on this just about anybody is jo ling kent. what are the details? >> well this is official, dave and liz. the range has been raised for the alibaba ipo per share instead of 60 to $66. the demand has been so heavy they're raising it 66 to $68 a share according to new sec filing. now they say that they are not going to make any changes to the number of shares offered according to that filing and this comes amid jack ma, the founder and all the executives, they wrapped up a day in hong kong on the road show. they're heading to singapore the next. they're generating a lot of interest. they're planning to close books for american investors. that is several days ahead of schedule. we will be at the

new york stock exchange with the founder, jack ma, interviewing him on ipo morning. but this is a big change. good news for alibaba, especially with some of those tech stocks down today as they assess the market for what is to come. david: scare a my think -- scaramucci said it may go up to 70. >> maybe. liz: researchers at mit unveiled that thing, a robot that may have eventually be able to outrun a human? does a little jump too, i think. we have more for you next. it's monday.

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liz: let's go off the desk. it may not be able to hit 60 miles per hour but robotic cheetah making jumps. the four-legged machine created by mit researchers. weighs as much as a real cheetah. it is able to sprint and jump up to 10 miles per hour on indoor track and clear a hurdle as you saw. the researchers hope the robot will eventually reach speeds of

up to 30 miles per hour. david: by the way, number one thing to watch tomorrow, the ppi. we'll get inflation stats. liz: very important. "the willis report" is next. hi, gerri, you're what, kicking off a week-long user's guide important to buying a second home. we just talked about buying foreclosed home. gerri: that is on the sail line. liz and dave, thanks for that. the second home market heating up. we'll tell you how to make the best purchase for your family. the next on the show, the man behind the gm compensation fund, ken feinberg. the death toll is rising. wait until you see what a rental car company could be charging you. reluctant role but one of many we're forced to take. we'll have advice becoming a family care-giver without breaking the bank. "the willis report" where consumers are our business starts right now. gerri: the gm death to rising