can't do this anymore. close. [closing bell ringing] liz: as we hear the closing bell ring. keep your eye own apple. apple at 102.65. it is moving all over the map in the last second or two. it ends the session up 1 1/2 points there, 1 1/2% too. i'm just wondering does that make it not all-time record. david: it is close. liz: maybe a second record. david: it's a contrarian stocks as most of the stocks are definitely in the negative. look at russell 2000, down almost another full percentage point, liz. >> indeet. -- indeed. we had not one, not two but three traders saying not what is happening in the middle east dragging this market down. we'll find out. "after the bell" starts right now. david: let's break it down to see what brought the market down. joe durant is saying the market

is frothy but there are still ways to profit. jason rotman tells us what is speaking market. jeff riegle, from payden & rygel is with us in the studio today. start with larry shover joining us from the cme. we have china, not only isis terrorist but a new brand ever al qaeda was planning something in the homeland. what is spooking the market? >> what is spooking it, everybody has a headline to explain away every tick in the marketplace. we just need to place this two-day slump into context. keep in mind last tuesday we had the hilsenrath webinar and squeeze rally whole week. we rallied 20, 25 points basically on nothing. in my mind the last 48 hours, the headlines are big but the narrative has not shifted. all we're seeing now weak hands getting out of the market. people are worried about month and quarter end.

we're going back to the zone before the spike up last tuesday. i think it is simple and as profound as that. liz: we still have, nearly half a dozen central banks that are getting in there and propping up all of these markets. so, jeff cleveland, looking from the economist point of view here, didn't it look still if we're not seeing recession here in the united states, we're tipsy on certainly what is happening in europe, but inflation still remains low. isn't the place to be still equities? >> i think equities are okay here. i don't think we're in a bubble. i don't think we're in a fed induced bubble by any stretch of the imagination. but i don't see inflation, liz. the lesson here, maybe it is more difficult for central banks to create inflation than they want you to believe. we had the fed balance sheet go from 800 billion to 4 trillion or so. inflation in the u.s. is 1 1/2% year on year. very low. it has been below the fed's target for 68 or 69 consecutive months. so i think that is the real

lesson of the last couple years. it is not as easy as many people would have you think for the central bank to do something and cause a real increase in wealth and a real rise in prices. david: well, they're creating wealth for some people but unfortunately a small percentage of the economy. jason, the downdraft in the market. we've been going through the past few days, how long do you think it will continue? >> well, first of all, what no one is talk about yet, and i would like to be the first one to chime in on this, i think one of the myriad reasons why the market is having trouble staying above 2,000 and gone down a couple percentage points past few days, is also this, u.s. department of treasury-induced inversion spooking of the market. the fact that the inversion deal that burger king, et cetera, have taken advantage of are really not going to be in the cards anymore, that is a big deal for how large corporations manage their, manage their money. that is a huge deal. combined with the furthermore

digesting of last week's fed meeting, actually saying that listen, rates will be higher by the end of 2015, if not sooner. plus ukraine, plus middle east. so i personally think that technically the fact that the s&ps had a lot of trouble staying above 2,000, we could see the selloff lasting through october. david: wow. liz: i need ideas. if you look at what is going on, and you all have differing opinions, joe, you're a believer stocks are very much a good bet but you like the places where there are baskets of stocks as an opportunity where you're not too overexposed to single name but there are themes there, aren't they. >> i disagree a little with the prior speaker. i think what the market is telling you about the decline in the russell 2000, the decline in industrial names, what is happening in china is that the economy is not as strong as we would like. the decline in real estate, a great example. so what we're saying is that the market, and the economy is not growing the way we would like. and i don't think you ignore a

7, 8% decline on the russell 2000, with a dow and s&p at almost record highs. so what i think -- david: let me bring jeff in to talk about that. the jeff, the fact that all the points are valid. russell 2000, small and mid-size caps getting hit hard. we haven't talked about a european move toward recession. they're not there yet regionwide but there are certain countries, including by the way germany, they're showing real weakness. then there is china. >> yes, david, we see global weakness and. u.s. economy is 2% type economy. not 3% type economist. what does all that mean when you factor it all in? things are not great as folks would have you believe. david: what about as the market would have you belief? is the market getting iraqal or not? >> i don't think the market is not getting irrational here in my opinion. what is irrational the continuous expectations inflation is just around the corner. that faster growth is around the

corner and therefore the fed must hike. we've seen that wrong several times in the last few years, david. i think that probably wrong again. we still have soft inflation ratings. we have inflation expectations falling off. we have the dollar rallying which is disinflation nary trend. all that means the fed will stay where they are longer and interest rates will stay low for a considerable time, quote, unquote. >> i couldn't agree more. i totally agree with all of those assessments. which says to you that u.s. stocks, where you want to be and larger is better, even with the inversion discussion. larger is better because they have more flexibility around interest rates. and they take advantage of any global growth that might occur. the dollar should be hurting them but it isn't. that should be telling you something, which is that there is some weakness occurring and a smaller companies are less adept. i would also suggest we have had a very long run with very small three to 5% declines. we're not simply going to go

down. but if we are recall toking a top, it will take months and it will be, we'll have a couple declines, five to 10% before we have anything more meaningful. liz: listen, the smart money, certainly sometimes is very worried but other times, for example, coming up in this hour, everybody should stay tuned for this, byron wein of blackstone advisory group. he is still after all of these years, of watching markets through thick and thin. he is positive on equities. last two hours, tim draper, he of course is venture capitalist, michael price of every core, they look bigger picture -- evercore. they don't look to see what the is fed doing at this very moment? larry shover, traders by nature go tick by tick. what are they feeling at the moment? >> the traders are viewing are stocks really expensive right now. i think consensus says on absolute basis yes, they are. we have evaluation of 17 times for this year. 15 times for next year.

by any valuation measure that is little right of fair value. we don't look at absolute of the we look at relative. the stock market first is corporate bond or, corporate bonds, government bonds, et cetera, even some real estate. i would say, and i think traders consensus says, the stock market still is relatively cheap, compared to everything else out there. even gold. even though gold has dropped so much. it is still a bargain compared to a lot of other assets. david: jason, do you think the stock market is a bargain? >> i don't think it's a bargain. it tripled over past what, five years? it had quite a good run-up. with that being said. if we segue what to do, right? david: yeah. >> what action to take when the s&pes close to 2,000. when they were below 500 several years ago. where do you invest right now? i think right now there are two key points. number one we have fortune being in newport beach. there is a lot of money in newpor wealth

managers in newport beach. we talk to a lot of them. they have similar goal. they want to seek exposure to alternative investments, managed futures, hedge funds, certain real estate type vehicles. there is huge push for alternatives in big portfolios. why? because they are uncorrelated with the stock market. that is advice number one, looking to alternative investments. number two, i love facebook. buying facebook now is like buying apple ten years ago. david: wow. put that in your pipe and smoke it. thank you, gent men, good stuff. >> i could say more if you want. david: that was short and sweet. we like that. jeff cleveland, larry shover, we come back to you in a couple minutes when s&p futures close. thank you, guys, appreciate it. liz: he called for 20% rise in s&p 500 for 2014. he did that earlier this year. with global hot spots in the middle east and eastern europe heating up, has he changed his call? the nasdaq is up 20% year-over-year. where is this guest putting his

266 billion to work? legendary investor byron wein, blackstone advisory partners vice char joining us live to tell us. david: paula dean's comeback even picks up more steam as she buys rights to her shows from the food network. "wall street journal's" lee hawkins broke the story, predicted her come back a year ago right here and spoke with paula just moments ago. we'll talk to lee straight ahead. liz: a new device, brand new device could help save many lives by conduct you off from texting while driving. david: good. liz: snapchatting while driving. this is gaining interest from wireless carriers. all other partners maybe? maybe chipolte of all places? we're talking to the ceo. david: chipolte? we want to hear from you, by the way. is the threat of war affecting the markets? is that what is causing the downturn at least past couple days? tweet us @fbnatb. your answers coming up. [ male announcer ] once, there was a man

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an unprecedented program arting busithat partners businesses with universities across the state. for better access to talent, cutting edge research, and state of the art facilities. and you pay no taxes for ten years. from biotech in brooklyn, to next gen energy in binghamton, to manufacturing in buffalo... startup-ny has new businesses popping up across the state. see how startup-ny can help your business grow at startup.ny.gov liz: did you see this? herbalife shares making strong comeback. david: because? liz: charlie gas. david: bingo. that is the name. let's head back to nicole petallides. there was no question at all when charlie made his call on herbalife, that's when it changed in price. >> that is really interesting. late yesterday we saw the stock continuing to sell off throughout the day. there was some concern and some reports, doug kass and some

other tweets and social media noting that carl icahn had been selling off shares of herbalife. so you see that dropped going into the closing bell yesterday. after-hours our own charlie gasparino reported that carl icahn didn't in fact sell any shares. so what happened? after the losses yesterday, the stock turned around, made a comeback. it was up nearly 10% today. so recouped almost all of the losses. still down about 1.6% for the week. however, what a big turn around and what volatility. certain le a stock you can continue to watch. david: even our competitors were crediting charlie gasparino turning that stock around. liz: they had to. they had to. s&p futures are closing in 29 seconds. let's head back to larry shover in the pits of cme to watch the action. >> traders realize the path of least resistance is 1950 to 1985

zone. until we get quarter three earnings season fastly approaching we'll see if the growth momentum continues and cyclical momentum continues. traders also recognize that the narrative has not shifted even in the last 48 hours. u.s. growth is good. china is still on track for 7.3 are to 7.5gdp growth. your rap, yeah, growth is very pep ted to say the least. pmi is still in expansionary road. the fed, back and forth, hawkish, dovish. keep something in mind. my mind the fed has been hawkish since january 2014 and we started year at 1800 in the s&p 500. david: fed hawkish? some people might debate you on that one, larry. >> that's okay. >> larry gave as you perfect segue showing how far the s&p has come. david: indeed he did. our next guest predicted that. every year he reveals predictions for the year.

after last year's market rally, byron wein thought the s&p could post a 20% total return this year. liz: so far the s&p is up 7.4%. so with just over three months left before the end of the year, is he revising his call, or do stocks still have more room to run? joining us now, byron wein, blackstone advisory partners vice-chair. are you tweeting that at all or watching calendars and saying come on? >> the fourth quarter is usually good every year, particularly in midterm election years it is good. liz: do you look at that prediction and say it has been the fifth year now of a big run-up in the markets? at some point i've watched this long enough, is there a correction around the corner? >> i ask myself that question every day. but the other side of it is, are valuations extreme? is the economy still plugging through? are earnings strong? and the answer to those questions, yes. david: of course you're a realist. not everything is perfect. there are some problems with the

market like something for example, liz was talking about last half hour with stock buybacks. a lot of people were using stock buybacks to push up the stock price. it worked. god knows whether it would work without them but what is the problem with stock buybacks? >> the problem with stock buybacks companies may run out of cash some day. right now they have plenty of cash. david: but they're diverting in the stock buybacks, diverting some cash they could use for hiring people or perhaps r&d, aren't they? >> what they're doing is looking at opportunities. they don't see opportunities for revenue growth so there isn't reason to build a plant, hire people. so they want to reward shareholders. one of the days they can do that is by shrinking the capitalization. liz: isn't there a better way to reward shareholders, maybe a dividend? >> dividends are taxable. if you buy shares back, earnings per share goes up and presumably the stock price goes up. liz: byron, how much does a man like you watch the geopolitical jitters? >> a lot. liz: isis, everything?

ebola cases are doubling every three weeks. does something like that come across your table? >> absolutely. there are a lot of ex son just events like all the geopolitical things starting with ukraine and going israel, gaza, isis, iraq, syria, iran nuclear, south china sea. but the problem is it is hard to put a number on that, hard to put a time on it, so people put it out of their mind. those clouds whoever over the market and could turn the mood around very quickly. david: by the way there is domestic interest you noticed in your 10 predictions. one you didn't believe hillary clinton would run for president. do you stick by that. >> no, no, that was an also-ran. david: you dud pit it in there as also-ran. >> i put it in there as also-ran to be one of the surprises -- david: you have to have strong conviction. >> yeah, better than 50%. david: has the idea changed?

>> more likely she will run. >> exactly. liz: is your heading to recession or very close? >> europe slowed down because of the ukraine situation but my view europe is growing 1% and some of the steps drawing drawing took could enable it to grow closer to 2%. liz: some of the bigger economies are zero. france -- >> france and germany had a temporary slowdown but i think they're going to pick up with this monetary stimulus. david: one thing that is not growing, are interest rates. does it surprise you how stable interest rates have been? >> don't ask me about interest rates. i've been wrong for a long time. david: because you've been wrong, and a lot of people have, i think more people have been wrong on that than have been right. >> eventually interest rates are growing to go up. david: why do you think they haven't before now? >> oh, they haven't because the budget deficit is down, so we're borrowing less. there is plenty of liquidity around the world. looking for a place to park.

and, the geopolitical situation we've been talking about, causes people to seek a safe haven. and the u.k. and germany and france and the u.s. are safe havens. liz: what is your safest haven right now? >> well, i'm still investing in stocks. i'm still optimistic about the market. and the dollar. you know i was bullish, one of the ones you haven't cited i said the dollar at beginning of year is now 1.28. david: that was a great call. back in january, not many people were talking about strengthening dollar. >> when you get older as i am, you make a mistake, don't think you're wrong. they think you lost it. david: how did you invest in the dollar? how did you invest in the that prediction? >> buying u.s. stocks thinking other people will. liz: do you think a stronger dollar might destablize some bigger large cap companies with a global footprint. >> i don't think it's a big enough negative. i think other good things are

happening. u.s. economy is growing faster than europe or japan. liz: president obama said the big banks should stop whining. they're making profits. they're actually recovering. do you look at financials as an opportunity especially considering they are making profits now? >> look, the financials are doing just fine. they're not my favorite area. they're overregulated and there is too much capacity. david: is there any wisdom inside the beltway at all to deal with the overregulation? >> no. well there is no, there is a lot of wisdom inside the beltway but there is no impetus to do something. i think, look, this will be the year, i think this will be a record year in terms of a lack of legislation. we -- people are passing nothing. we can't get immigration through. that was even deferred. we can't get gun control through. we can't get tax reform through. nothing gets done in congress. liz: some say that is good for markets, gridlock. >> a lot of people say it is good for the market. it is good for the market but

not good for the country. david: you haven't given up on the markets, you're still invested? >> i still believe, the economy will have a good fourth quarter and so is the market. david: byron wein, great to see you. congratulations on those predictions. >> we're going to put byron's entire interview on foxbusiness.com so stay tuned for that. the u.s. opening a new front in the campaign against the militants isis with missiles and airstrikes on terrorist targets in syria but it is not just isis that the u.s. has been targeting. we're going to the white house for the details. david: also celebrity chef paula dean making her comeback tomorrow with a launch of her new online tv channel. she has been talking to the "wall street journal's" lee hawkins today. he will joins us coming next. liz: a dire new warning, we were just talking about it. ebola, the crisis, coming from the centers for disease control and prevention. what is that warning? we'll tell you coming up. ♪

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and you could save up to $423 dollars. call liberty mutual for a free quote today at see car insurance in a whole new light. liberty mutual insurance. david: time for a quick speed read, five stories one minute. cadillac is moving headquarters to new york early next year. the shift coming as cadillac focuses on global growth. microsoft says the monday is the new launch date for the xbox one. it will be on sale in 37 cities in china for 600 bucks each. dawn hudson is the nfl new chief marketing officer. it face as mounting backlash over the scandals involving players. hudson spent 11 years at

pepsico. was vice chairman of consulting firm parthenon group. 20% of americans laid off in the past five years are still unemployed, cording a survey by rutgersone in four who found wot work is in a temporary job. netflix launching a special section of its site dedicated to spoilers. it gives away major plot twists and endings of popular movies and tv shows. be forewarned. that is today's "speed read," liz? [buzzer] liz: the u.s. says last night's airstrikes by american aircraft conducted jointly with arab allies, five of them, caused widespread damage, look on your screen, there is some of it, to terrorist command-and-control facilities in syria. david: but it wasn't just strikes against isis that occurred last night. the u.s. taking action against a branch of al qaeda was ready to strike targets here in the u.s. and possibly in europe. so how real was that threat? rich edson, live at the

white house. rich, that was really a surprise announcement from what happened yesterday. >> it was, david, especially given how the president laid out what the strategy was against isis. the chore raw sawn group, name of it, offshoot from al qaeda, there is plenty of analysis in washington because we have been focusing so much about isis we haven't heard so much about this group. but this group has largest potential for any type of attack against the united states. administration officials say they attacked these positions held by chore raw sawn, because khorasan, because they were preparing to launch an attack against the u.s. and its allies. he discussed military operation between syria and iraq he was specifically talking about isis. it is clear the u.s. is expanding that mission. >> last night we also took strikes to disrupt plotting against the united states and our allies by seasoned al qaeda

operatives in syria known as the khorasan group. it must be clear to anyone who would plot against america and try to do americans harm that we will not tolerate safe havens for terrorists who threaten our people. >> senior officials were asked if the united states moved ahead with this attack on the al khorasan group if not for expanded campaign against isis. administration firms said they were looking at this group for several months and the attacks in syria provide the opportunity to take the action they took last night. david, liz, back to you. david: let's hope they're still looking at them. thank you very much. liz: rich edson at the white house. david: paula dean, paula dean is cooking up something big, buying digital rights to her tv shows from the food network. we told you on the show a year ago she would make a comeback. "the wall street journal"'s lee hawkins spoke to paula today. he joins us next. liz: plus the new device could save many lives by preventing

you from texting while driving. this device already attracting millions from investors and attention of major phone carriers. what is it? how much does it cost? is it free? we're talking to the ceo next. david: thank god for that device. could your next airline pilot be a robot? the idea is being tested. we have the details straight ahead. ♪ you know what my business philosophy is, reynolds? no. not exactly. to attain success, one must project success.

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liz: time for a look at today's market drivers. investors weigh a downbeat report on europe's economy along with news out of china. gold prices declined for the second day in a row. silver moved off a four-year low. gold rising, to 1222 an ounce. silver edging up one penny to $17.71 an ounce. natural gas sliding for the third time in four days after weather forecast for the eastern u.s. turned milder signaling lower fuel demand. nat-gas closed .3 of a percent lower. david? david: back when celebrity chef paula dean's career appeared to be over, there was one observer predicted to be rise from the ashes of her racially-charged scandal. take a look. bottom line you think she will come back stronger? >> i think she will and i think

we have to keep in mind one thing. this is the lesson that we learned. in business the real color that really matters, at the end of the day is green. so don't mess up your green by talking about color! david: that was "wall street journal's" tieless, celebrity business reporter lee hawkins on this program more than a year ago. true to lee's prediction, paula dean has come back, buying digital rights to her food network shows. they will air on her new subscription-based online channel, the paula dean network. he spoke with miss dean and join us with the details and with a tie which is much improved. coming back, from what she went through, a lot of people don't come back from an experience like that. i mean she was cut down, we saw her break down on "the today show" in june of 2013. how did she come back, psychologically and businesswise? >> i think she went back to that single mother mentality, when she was raising her sons and started packing lunches for

people and really start the business from the ground up and having a successful restaurant. she is entrepreneur and entrepreneurs at their core have the dna to be irrepressible. yeah, i think she probably needed a little bit of therapy at that time because she was really, really depressed and feeling bad about what happened. but she came out of it and she did it well. what it did it forced her to take a look at her business. what she did, she got rid of her manager and got all new staff. she got a new ceo. and the partners that stayed with her, she continues to do business with. david: she also got some cash by the way, cash infusion. she had to buy all the programs that food -- do we know how much -- >> $100 million in private equity. david: wow, that's what she received. >> from the companies. david: do you know how much she used to buy the episodes? >> to buy all -- david: food network episodes. >> all the content for 13 years including outtakes, she bought.

we don't know that. when you think about it, she probably got it at a goodies count because the fact that the food network couldn't do anything with that content. what is better, zero or a chance to recoup money? david: she has editorial control over the stuff. she complained quite a bit food network he had ted out stuff her audience felt was important -- edited. the beauty of what we're doing, we have total and complete control. if we disagree on something, discuss it right then and there. we have to put it up with a tall building. we can discuss it right there. it is as real as it can get. she thinks she is better editor as than they were. >> she is as real as they can get. she is in touch with people particularly in the bible belt. she is american that goes out and meets with and engages with her fans. she knows what they want. i'm excited to see how they package this she is really great on television. i mean, paula dean is an entertainer. she is a talented cook.

she has a way with people. >> now she has a new business model. he. this is a business model based on subscriptions. i liken it to glen beck. he left fox news and went into the blaze. subscription-based service on internet. she is trying to do something similar. >> glenn is doing that with success and it ain't easy. 7.99 and 9.99 are price points for monthly subscription. her audience is primarily baby boomers. she has to make sure that she allows them to make the transition and convinces them to -- david: how? through advertisements? through personal speaking engagements or what? >> some of that. but also connecting with them emotionally. she will do an exclusive documentary about what happened to her over the past two years. and i think you're going to see a different side of this conversation about race in america. and i think she will really reach out to a lot of people who are like-minded and get them to be impassioned about subscribing

to her. david: you should be a part of that documentary. you predicted right here she would turn her life around. >> maybe i will be. david: lee hawkins, thank you very much. liz, over to you. liz: singer for the wiggles. should be in the documentary. lee, thank you. it could be a lifesaver for people who just can't resist the temptation to text and drive at the same time. coming up, we're talking to the founder and ceo of a company that invent ad little box that could literally save thousands of lives every year. you might think so-called dirty coal is no longer used in the power industry but you would be dead wrong. we take you live next to an old coal fired power plant with a new life to find out how the power industry is bypassing government regulations. ♪

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you can't get any thbetter than that. trains. siemens trains are not your grandparent's technology. they're something that's gonna change the cities we live in today. i find it so fascinating how many people ride this and go to work every single day. i'm one of the lucky guys. i get to play with trains. people say, "wow, we still build that in the united states?" and we say, "yeah, we do!"

david: centers for disease control and prevention issuing a grim warning on ebola. in the worst-case scenario we could see 1.4 million cases in liberia and sierra leone by next year. they take into account many cases have gone undetected. earlier today sandra smith asked ceo of mayo clinic whether he saw we could see ebola here in the u.s.? >> i ace possibility it could come to the united states. so preparedness for the public

and for hospitals is tear bring important. we're very active. >> do you feel our hospitals are ready? >> i think they're getting ready around the country. they know they need to. that is what the health care organizations in country need to do. don't frighten the public. david: experimental drugs are being tested including one from tekmira which says regulators have authorized the use of its ebola treatment. of the liz? liz: well, let me get to a different kind of death and there are thousands of them every single year and they're caused by distracted drivers trying to text on their phones. but could one company's little black box be a solution to this problem. it is called groove. it is a new gadget that will prevent drivers from responding to texts by disabling their phones. how does it work? we have the founder and ceo scott kibets. scott, pretend i'm a venture capitalist. make your pitch to an actual

company and consumer and driver because texting while drive something becoming a bigger issue. >> thanks for having me on. liz: sure. >> very simple way to describe it is that your car, that you have at home has probably only one, two, or three people that drive it. what it does, the little device, it is pretty small, only this size, plugs into your car in about 30 seconds. it connects to the internet cloud. as soon as you start within 10 seconds katasi knows that, groove knows that. we can find out which one of the three people in the family are driving. we know that. we connect with a carrier partner, telecom carrier and limit distractions from the source. they never get to the phone. they text stop, snapchat stops. when you turn off the key, within 10 seconds they get pushed back down to your phone and all messages there. liz: i can see this working if parent owns the car and install it. this takes enormous amount of self-control for allowing

yourself to plug it in and make sure it happens, right? who is to guaranty that somebody will resist the temptation of texting while driving? >> well, once the device is in the car, you just leave it there. you put it in once. it is there for the next couple years. so you forget it is there. it connects your car to the cloud. it is for both parents and teens. both of which contribute to the problem of texting while driving. not just millenials and teens. parents are doing it too. liz: i will say a lot of teens have admitted, we have a whole bunch of numbers we should cycle through. many teens admitted they do text while driving. that is cultural and age issue. they're so used to multitasking with replying letter k, if somebody asks them a question. asking down for a second will kill. here are the latest numbers from 2012. distracted driving willed 3328 people. the injuries are exponential here. distracted driving crashes

injured 421,000 people. you look at that. we realize this is an issue. i need you to talk about how you came up and why you came up with this idea? because it's a very personal story, isn't it? >> it is. it is something happened to me. i'm a serial entrepreneur. my first business was a space company. we built spacecraft that went on to mars, places like that. i sold that company. i was meeting with somebody that was a executive. i was to meet him for the first time. i heard he was killed two hours before by a texting driver right outside of the parking lot. i didn't know him and walked into devastated company from this accident. it just started gears turning. we got together with some other entrepreneurs in the area, saying what will be the ultimate solution? where are technologies converging? how do we figure out what that is and bring it forward to create a business out of that. liz: it can be installed in 30 seconds. let's talk about the cost. >> in general, an insurance

company will pay for the costs. so some of our first products going out will be from an insurance company says hey, we want you to be safer driver. they partner with us. for parents that want to put in their teens cars. something ends up being $8, $9 a month charge ultimately reimbursed by insurance company partners down the road. groove provides rewards for focused driving. the thing that makes it really go particularly for millenials. as you are focused driver you get rewards from burritos or starbucks and 25% off a clothing store. liz: that is catching almost people's attention. there is a game, isn't there? the groove game gives incentives if every 10 miles you go without texting? how does that work? >> you think first the game is enough. i'm 50 years old, the idea of a playing a game is enough. but it is not. there are some games, there needs to be incentive. every time you drive five miles

without serving or jamming on the brakes and you build them up. like "guitar hero" you get multipliers. when you turn your key off, congratulations you're at level seven. so-and-so company would like to reward with you a free burrito. liz: i take night here are the directions. go over to give your burrito. liz: give me a burr rote tee bowl, if somebody wants one of these things, scott, how do they get it? >> here is the challenge of this. the technology systems issue. we're working with carriers to do it. so we're creating partnerships. we have two carriers we're working with with. we're in somewhat of a horse race to see who will deploy it first. we expect to launch in middle of 2015. there is a way the viewers can help with that. liz: call us when you're ready. we want you back, definitely. middle of 2015. >> one last thing. katasi.com. >> by the way that is katasi,

good luck to you, scott. thank you. >> yep. thank you very much. >> fine idea, david. david: great innovation. meanwhile for coal it is back to the future for utilities. so-called dirty coal is again being used by the nation's power plants. we go live to indiana to find out why coal is a fuel of choice in an era when so many in government are trying to pump up green power. forget about automatic pilot systems on aircraft, how about robots that can replace humans in the cockpit. we look at technological breakthrough that races huge questions about flight safety. ♪ >> hi, everybody, i'm gerri willis. coming up on my show at the top of the hour, there is a new push in congress to permanently ban cell phones on airplanes. wait until you hear what lawmakers say will happen if we don't. that is just one of our big consumer stories coming up on "the willis report" in just a few minutes. ♪ work with equity experts

who work with regional experts that's when expertise happens. mfs. because there is no expertise without collaboration. "hello. you can go ahead and "have a nice flight."re." ♪ music plays ♪ music plays traveling can feel like one big mystery. you're never quite sure what is coming your way.

but when you've got an entire company who knows that the fewest cancellations and the most on-time flights are nothing if we can't get your things there, too. it's no wonder more people choose delta than any other airline.

liz: in a flash back from the 1980s, you toker plants start to buy up coal at inincreasing rate. david: how does this impact utility socks? outside of a coal-fired plant in indiana. jeff? >> at least it was a coal-fired plant, back before the

environmental regulations put this one out of business. this is the state line plant just on the border between illinois and indiana. if you don't know who samuel insul is, you should look him up. this is interesting piece of u.s. history. he built this plant around time of great depression as people were getting electricity for the first time. this was an old plant and regulations put it out of business but those same regulations are actually leading, as liz points out to a resurgence of dirty coal. why? because those regulations that allow the burning, allow you to burn that high sulfur content, coal, that comes from places like here in illinois, and illinois basin, that, that stuff now can be scrubbed by these new environmental, you know pieces of technology that are parts of the new plants. so take a look at what role the illinois coal will play, that dirty coal will play. according to the energy information administration, it will go from 13% of the nation's generating capacity to about

20%. the head of robert murray, the head of murray energy has said that, president obama has killed the coal industry. he said, quote, the insane riege gal administration of king obama has ignored science of economics and our poorers citizens and the constitution as it has bypassed our congress. the coal industry is dead but may be coming back curiously as a result of energy regulations which put these scrubbers in place in plants. consequently, the coal stocks, the coal plant stocks have done pretty well. i will leave you with that. the coal mining stocks haven't done well but the coal plant stocks like dominion and pinnacle. they have done pretty well underpresident obama. they are poised perhaps to do better in the future. david: thank you very much. jeff flock. appreciate it. would you feel comfortable getting on an aircraft piloted by a robot? may happen sooner than you think. we have that story next. liz: plus a california entrepeneur looking to cash in

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david: time to go "off the desk." researchers create ad tiny robot pilot learning to fly a plane. bot uses flight data and visuals to use real controls. use as camera to neatly align with the take off on runway. the pint-sized machine is only flying a simulator. the south korean creators are saying they are only getting started. >> also "off the desk," we heard about pot brownies but what about pot pizza? they are selling marijuana-infused pizza at restaurants around l.a. stoned oven pizzas that the pies sell for $10. early this year, producing a few

hundred a week. now 2,000 to 3,000 pie as week. david: tell maureen dowd. number one thing to watch, new home sales released 10 a.m. eastern time. economists expect sales to rise 4.4%. gerri: hello, everybody, i'm gerri willis. coming up new warnings out today. ebola is here to stay and will continue to spread but has the fda found a treatment? also as the fall season kicks off so do holiday prices and they are rising. we'll help you cut your costs. exclusive interview with wells fargo showing how optimistic american workers really are. "the willis report" where consumers are our business starts right now. ♪ gerri: between high fees and crammed seats flying is a hassle these days but now there is a new threat, cell phone conversations. the federal communications commission has been considering for nearly a year, lifting the ba