we'll talk about maybe what the punishment should be getting too close to the planes. melissa: sugar is not to blame for america's obesity epidemic. so says a new study funded by coca-cola. we'll delve into that one. [closing bell ringing] as closing bells sound on wall street here is where the major averages ending the day. ending a seven-day losing streak, decidedly so. across the board you see green, s&p, nasdaq, crude oil and gold. >> gary kaltbaum joins us at the top, kaltbaum capital management on market rally day. talk about china and fed speak. back and forth there. more than anything else we've been down seven days in a row on the dow, so we have an up day. this is quite an up day. what do you make of it? >> i think you said it best. seven straight days down. we were due. i tell you one thing that stuck out to me today worst areas had

the best day. >> yeah. >> commodities and some other places. that is what i'm going to be watching very, very closely. if there is anything we say bad about the markets last few months it has not been broad based. it has been a few areas. if other companies join the party we break out to the upside but can't be a one-day wonder. >> energy stocks, that is a great place to look. does that mean those are stocks that led us higher today? maybe we have a little sustainability on our hands. is that what you're getting at? >> i'm not sure just yet. one day does not make a trend. these things have been beaten up so badly. eventually they find an area. i need more than one day before i jump all over it. certainly today was a good day. >> a lot of people making a lot about fed heads were saying. a little bit of a contradiction.

maybe there is incertainly to that. >> i don't think they raise rates, certainly not sent. >> i think it was on purpose fisher came out yapping. they watch stock markets. seems one of these guys coming out yapping again how we'll wait had -- and that part of the process. >> gary, good day for the markets. melissa. melissa: warren buffett berkshire hathaway buying precision castparts for $235 a share. total value of the deal. $32.2 billion including debt this is the largest deal of buffett's career. our liz claman spoke with him last hour. combination is extraordinarily good, making very complicated

sometimes highly technical parts. they're the most reliable supplier. if you want to put an aircraft together you want the right parts coming at the right time. melissa: yes, that is important. show you exactly what precision castparts does and why warren buffett wants it so badly. builds components and casings for aircraft engines. assemblies for aerospace and power generation. key clients are airbus, boeing, rolls-royce. this is showing what they do. precision claims with a few exceptions every aircraft in the sky flies with parts made by this company. >> work really quickly, don't they? melissa: work really fast. >> election, can't afford it, no problem at all for democratic frontrunner hillary clinton rolling out $350 billion plan that she says will kill college debt. that is story a lot of people are talking about today, including blake burman with the

details on the hillary clinton plan. blake? >> reporter: connell, her plan says is the new college compact. her critics and rivals call it a tax hike. earlier in new hampshire democratic front-runner propose ad plan where students attend in-state four-year public university without taking out a loan for tuition. they would on their part have to chip in working 10 hours a week. for those already left campus, debt holders would be able to refinance their student loans. >> no family and no student should have to borrow to pay tuition at a public college or university and everyone with student debt should be able to refinance it at lower rates. costs won't be a barrier and debt won't hold you back unmy plan. >> reporter: now the price tag here is $350 billion over 10 years. that would be offset by canning itemized tax deductions for wealthy families at 28%.

republican presidential contenders job bush and marco rubio have called the plan a tax increase since those wealthier taxpayers would be the ones footing the bill. after her event clinton took questions from reporters. one of our fox producers asked clinton about the criminal probe into her email server. she was walking away at that point. clinton briefly responded and she said, that's not what it is. clinton having to address that issue on top of her college loan plan. today. >> not what it is. thanks, blake burman live in d.c. we do have an a learnings alert after the bell. we told you shake shack would be out with their quarterly results. they're out. adam shapiro from the floor of new york stock exchange. how did shake shack do? >> very well. a reason all those people line up at shake shack in new york city and other locations. look at revenue number. it was 48 1/2 million dollars in the second quarter for an adjusted earnings per share of

nine cents. that beats the street. street was expecting 42.3 million on 3 cents adjusted earnings per share. give you metrics with people really excited, one. reasons they're trading up 4% in the after-market, they have increased their outlook for fiscal year total revenue to between 171 million and $174 million. and they're increasing their shake shack growth to -- digits and add 12 new domestic locations by 2016. melissa: nice. >> good news if you're the company, adding locations. certainly increase in the outlook. adam, thanks. melissa. melissa: attention, iphone fans, the next model may finally have a release date and might be less than a month away. new reports say apple is planning to launch the latest iphone early in september, possibly on the 9th. based on tradition the tech giant will make it available to buy just days later. early reports suggest that the phone will be a little bit

taller and wider and thicker than the current model 6. it will be sporting a brand new forced touch and higher quality camera. apple shares up big on that news after a rough go of it. shares down 12% since july. you can see, liking the news today. oil bouncing of four-month likewise. snapping back, nearly $45 a barrel, up 2.5%. even at jpmorgan flashes outlook. todd horowitz is trader at cme. todd, jpmorgan thinks crude will average 48.50 a barrel in the second half of the year. what do you think about that number? >> hi, melissa. probably already have the showed it and are talking their book as usual. i think oil is very crucial in the 42, 43 level f which hold here i think we work higher than that oil has a good chance to go back over 50s. if we look out., oil is trading over 50. melissa: todd, let me stop you

right there. why do you think it will go back up over 50? what will change? >> if we believe all the nonsense with economy and how good the economy is oil would naturally have to go higher. i don't personally believe it. i do believe commodities have been beaten down into a level where they really can't take them down anymore. i think we have much greater chance to see spring back rally and put us back over 50. plus if you look next july's futures, oil is trading over $50 next july. if you look, called cotango formation where oil gets more expensive versus backwardation where it is cheaper. charts, market, everything else involve commodities is showing oil is most likely found a bottom. may go a little bit lower but commodities in general are probably at the bottom, look to be bought if you want much better risk/reward model to make money. i think much better investment going forward and i think we go higher. melissa: you say up over 50 if you believe all the nonsense how strong the economy is. that statement in itself doesn't

inspire a lot of confidence. you say it is nonsense, why should i think the economy is better, i happen to be with you? i don't think the economy is strong. >> the economy stinks however i believe when commodities come down, trade them from technical standpoint come down to certain price we've been having oil talked down for months that we're going into 20s. you remember citigroup's call before we ran into 60. from a technical standpoint on a chart we're coming down to double-bottom, which would be 43. where i look to buy it. i think overall we're going to have a need for oil. melissa: absolutely. todd, thank you very much. >> i think we go higher from here. melissa: great insight. >> nonsense about the economy. melissa: if you believe all the nonsense, it is nonsense. there you go. >> exactly, not technical. not the charts i guess. rivers are not supposed to look like this. we'll take you to colorado next of the latest on what is a scramble to contain three million gallons of toxic water. melissa: presidential candidates

carly fiorina and hillary clinton are at odds how to tackle income inequality. our panel is going to weigh in on their solution. >> that should be interesting. so should this. astronauts may no longer have a good excuse for not eating their vegetables. we'll explain. at ally bank no branches equals great rates. it's a fact. kind of like shopping hungry equals overshopping.

at ally bank no branches equalsit's a fact.. kind of like mute buttons equal danger. ...that sound good? not being on this phone call sounds good. it's not muted. was that you jason? it was geoffrey! it was jason. it could've been brenda. connell: news alert on environmental disaster verying in the state of colorado. officials are trying to scramble could contain three million gallons of toxic water, water accidentally released in the river. alicia acuna in the denver area with latest for us. >> hi, connell. within last 90 minutes or so, colorado's governor john hickenlooper declared disaster emergency to address the situation in southern colorado, beyond freeze of half a million dollars at beginning of this. this was a mess created by the environmental protection agency's own workers when they accidentally breached a debris

dam at the gold king mine near durango, colorado. this happened as a crew was investigating the mine for possible contamination. according to the epa, since that blowout, an estimated 3 million gallons of contaminated water was released into the animas river. right now that mustard yellow pollution continues to flow into the river at rate of 500 gallons per minute, so far impacting this state and neighboring new mexico. it is on its way to utah. new mexico governor susana martinez flew over the area and promised she would do everything she could to hold the federal government accountable. >> it's, can't even describe it. it is like when i flew over the fires, and, you see something that your mind isn't ready or adjusted to see. >> reporter: take a look at this map. you can see how the animas river flows through colorado there and into waterways in new mexico,

water that ends up in the colorado river which supplies millions of people in the west. >> colorado allows our major metropolitan areas in the u.s. to grow, phoenix, las vegas, los angeles, san diego. they rely on water originated in our state. interconnectedness is highlighted in a tragedy like this. >> reporter: over the weekend, connell, testing on the water showed high levels of led. there is also copper, cad my yum, manganese and zinc. we're expecting update from the epa when they hold a conference call. connell: alicia, thanks. three million gallons, like four 1/2 olympic sized swimming pools. alicia acuna in denver. melissa? melissa: a few other stories on the our radar. violence erupting in ferguson, missouri, after a day of peaceful protests to mark one year since michael brown was

killed by a police officer. officials say the suspect started firing at plain clothes detectives before being pursued and shot by officers. a critical moment for an american on trial in iran. "washington post" reporter jason rezaian, appearing in court for a final hearing today in tehran. a verdict is expected this week. he has been detained for more than a year, facing espionage charges. even as the state department has called for his release. out with the old, in with the new, new zealand's flag, about to get a whole new look. its government publishing a look of 40 possible designs for a new national flag after more than 10,000 -- that is weird one. connell: we don't like that. melissa: submissions. new zealand's prime minister is behind the plan which he says will better reflect a modern independent nation. the idea faced backlash when majority of resident in favor of just keeping their current flag.

connell: what is wrong with our flag? melissa: could be fun. connell: man. josh, would you draw up a new flag for new zealand? close call with another drone. this has been crazy, these drones. another drone spotted at a major international airport. we have reporter on the scene with latest. coca-cola shifting blame on obesity away from sugary drink and junk foods. this is some story. we'll tell you how they're doing this straight ahead. ♪ we live in a world of mobile technology, but it is not the device that is mobile, it is you.

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they won't give you enough money to replace your brand new car. don't those people know you're already shaken up? liberty mutual's new car replacement will pay for the entire value of your car, plus depreciation. call and for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch to liberty mutual insurance and you could save up to $509. call liberty mutual for a free quote today at see car insurance in a whole new light. liberty mutual insurance. connell: we do have earnings alert. back to adam at stock exchange. back to shake shack. this is nice move after-hours, up 9% plus, right? >> it is up 9%. the stock closed down today, almost 1 1/2%.

ended the day at 74.61 cents and change. after the hours the earnings report beat expectations. adjust the earnings per share of nine cents. part of when you look at history of the stock. priced at 21 bucks at ipo in january. opened at $47. even at the close today it is still a healthy gain for the year. high was the $6.75. growth, growth is driving the stock. -- 9.75. they opened second in u.k. third in moscow. one in new jersey. they plan to open 12 more, connell. seems appetite for organic, antibiotic-free burgers are expanding. connell: thank you, adam. melissa: hmmm. drone sighting in one of the flight path of one. nation's biggest airports. jeff flock is at newark -- rick leventhal is at the airport where drones are buzzing over

his head. >> probably inevitable, melissa. four different pilots, four different aircraft, on approach, saw unmanned aircraft flying way too close. we asked faa what kind of drones and how close they were to the commercial flights but we haven't heard back yet. the planes were some 8 to 13 miles from the runway, beyond the five-mile faa restricted area but flying at two to three how feet when crews on board spotted drones which are not allowed higher than 400-foot sealing. faa has authority to levy significant fines to anyone that operate as unmanned aircraft unsafely and fed and state authorities could bring charges as well. more than a million drones have been sold past few years. there is a lot of concern that a major accident could be inevitable, considering the bird strikes are very common. more than 11,000 in 2013 alone. 600 of them damaging. when birds get sucked in engines

and engines can explode and planes are forced to make emergency landings. the fame must one was "miracle on the hudson" when a us airways airbus lost both engines and had to make a landing on hudson river with captain "sully" sullenberger at the controls. he told cbs says we've seen what a eight pound bird can to do to bring down a plane what about engines or motors that weigh 55 pounds could bring down an airplane. it is not a matter if it will happen, but a matter when it will happen. melissa, four sightings on sunday. average of two nationwide every day. faa is very concerned that this could lead to disaster. melissa: definitely. rick, thank you much for that report. scary stuff. connell. connell: scary stuff. we'll talk about drones here, to those costing -- causing safety concerns to those making lives of farmers easier. jeff flock in cambridge, illinois with how the drones help farmers grow better crops.

there he is, jeff. >> giving bird's-eye view of the fields. we're down in the fields. the fields are so wet, they can't get spraying equipment to take out the weeds. this weed is big as the corn. right here. just pull it up. pulled it up right out of the ground. there you go. look at prices. because of all these problems, we're seeing prices -- got a dog here, too. prices up almost $4 today. that is good news in terms of price. you had a lot of corn that looks pretty bad, clay. >> it is -- you know the wet spots are wet, long and deep. that is what is causing a lot of trouble with the corn. this ear should have been quite a little bit longer. only, this one is probably only 14 around and when we're seeing 20 around. >> reporter: i want to put up crop progress numbers. no improvement. some states hard hit, indiana, illinois. and you flew a drone over your

land. i want to show our viewers what that looked like. you got a lot of trouble out there. >> there is a lot of wet spots. that is why we chose it to use the drone to get a look what is out there. you can't walk everything. it is so muddy. it gives us a easy way to look at a lot of acres fast. >> reporter: leave you with a real quick picture here. look at this one though. it is kind of at, i don't know what you'd call it, tale of two kind of crops. this has got three ears on it. so, some good news, some bad news out there. i think largely though, not good news for the corn crop. connell: interesting about the drone uses certainly. expect to see kevin costner in baseball uniform walking by, jeff. melissa: [laughter] connell: if they build it they will come. melissa: this is entertaining to do with you. you are like keeping it going the whole hour. for better or worse the fight over income inequality, carly fiorina taking aim at hillary

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melissa: out of blue states carly fiorina slamming hillary clinton over income inequality. the former hp ceo, arguing that progressive policies make the problem of income inequality worse, not better.

listen. >> exhibit a. income inequality under obama administration. exhibit b. every liberal state in this nation. i spent 12 years in the state of california, a state ruled by liberals for a long time. guess what you have. 130 billionaire, good for them. highest poverty rates in the nation. exodus of the middle class. melissa: here now, judy miller from the manhattan institute. she is fox news contributor. james freeman from the "wall street journal." so i heard that, that was on the sunday program. that was compelling. i wanted to fact to see if she was right. we crunched data. if you look income inequality by state, you look who is in charge of those states,fy states, highest inequality are controlled by democrats except for one, louisiana. states with lowest income inequality and controlled by be republicans or independents. only one is democratic is new hampshire. i don't even know, technically democrat is in charge but they

don't have income tax. so it is, as far as their policies, it is pretty right-leaning. if you look at unenemployment, followed a similar pattern, highest unemployment in states largely democratic controlled but lowest unemployment was in states, four out of five republican controlled. james freeman, what do you think? >> question whether you welcome and encourage economic growth. you see in the blue states, california, new york, and in our country as a whole unfortunately in the obama era, very slow growth which means not a lot of jobs, not a lot of wage growth for those people at the bottom and in the middle. melissa: yeah. >> nationally now, a lot of money printing which is great in this era for the one percenters. basically the opposite what we were promised. melissa: judy, amazing if you're setting out the goal of redistributing income, you want income inequality to go away, and you don't even care how you do it, you don't want that to happen on the democratic side, they're achieving the opposite with those policies, with things

like having the government more involved, more government jobs, more redistribution, higher taxes. it is having opposite effect of what is intended? >> well, that is definitely why it matters how you go about doing these things. look, we now have hillary clinton who is proposing a huge $350 billion subsidies to as far as i can tell, half of that will go to the very institutions, the colleges that are gouging our students with 50, $60,000 a year tuition fees. half of that goes to them. everything matters how this is done. carly fiorina has a very, very simple program, maybe a little too simple which is, let's just rationalize the tax code. well, lots of luck with that. that is the problem. melissa: two things you said there, james. first, said when you look at policies that democrats enact, for example, look at thing hillary clinton was talking about, in terms of making college free. their idea you take money from taxpayers and you in theory give

it to kids that can go to college for fry. what you're really doing is giving it to universities who are paying professors already in the 1% more money. you're inflating the cost of tuition. it doesn't end up, like they just don't understand math or money or how money works. >> basically the problem we've had in education to this point. the finally, other people are saying, now new york fed is saying, you know when? when you increase subsidies for college education, the colleges pocket them. doesn't make it more affordable. increases price. melissa: inflates the cost. >> what, you have here, 350 billion from the federal government which is going to be used as leverage to get states to spend even more on top of that. her in a nutshell let's make college more expensive. melissa: but it sounds like we'll help people move up, from the lower class by getting education. on the surface if you don't understand math or money works it sounds great. you drill down realize it has opposite impact. carly fiorina went on.

she was very clear what she wanted to do. the key to turning income inequality around, small business. that is how people move up a class by owning their own business and creating equity or wealth for themselves, also by cutting taxes. do you believe that is true? those are two-ways to decree inequality? >> there are two-ways to do it but there are other ways to do it. one of the things democrats love to talk about is raising the minimum wage. which introduces huge distortions into the marketplace, oddly enough sometimes hurt small business there. are much more efficient ways to do it, on earned income tax credit which is using the tax system to help the poor, those who really need it. but until we begin to have more than sound bite conversations about complex proposals people like carly fiorina, who has thought about this are really not getting airtime she needs to explain them.

melissa: she explains presicily and quick what she is all about. until people start understanding math and economics and understand how money works instead of fantasy. don't get me started. >> need a smarter country. melissa: connell, over to you. connell: a look at major movers in the wall street. twitter was jumping, the stock was. interim ceo jack dorsey buying up 31,000 shares, a sign of faith in twitter. the stock you remember has been down late. it was as low as 27 bucks on friday, slightly above the 26 ipo price but close to 30 now. separately the nfl and twitter announced a multiyear deal that will lead to more content from the league. investors like that news as well. "barron's" is bullish on caterpillar. so shares of the world's largest equipment-maker rebounding, "barron's" says possibly up to $90 in the next year. aways to go from 80. caterpillar shares up 12% year-to-date. with a positive mention in

"barron's." >> new concerns over at dean foods driving stock lower. lower second quarter sales and providing no explanation at all for the sudden departure of it is chairman. melissa. melissa: why these color and labels have target customers seeing red in the toy aisle. we'll tell you what the company plans to do about it. chik-fil-a not without it is own share of controversy, releasing new details for fans in the big apple. we'll be right back.

connell: back on after the bell. this is interesting story about coca-cola. the company is financially backing scientist who is say the obesity crisis in our country is not based on bad diets but lack of exercise. here to weigh in. "wall street journal"'s james freeman and mon at that mehta.

what he said was not that funny. >> i thought it was funny. connell: coke take as study, right, and funds people doing the study i guess. adds money to the study, to, say, the opposite of what i think we've heard from some nutritional experts over the years. at least in my view. what do you make of all this? >> regardless whether or not, i think a little bit of both. what you eat and ability to exercise, of course? >> yes. >> when you break it down, i did research, there are 39 grams of sugar in can of coke. that is equivalent of nine 1/2 teaspoons of sugar. daily allotted allowance for women is six and for men it is nine. regardless whatever it is over daily amount. connell: i just think, what about as a business decision, james, on your view on it as a business decision. if you're coke, nobody is looking to say this is healthy product. we know people are drinking fewer sodas than they did in the past. is this even, regardless, even if this was straight up study, how much do things like this

matter? >> what do you mean if it was straight up study? coke doesn't have free speech right to get its message out there? these guys we're talking about are fairly credentialed in the scientific community. that exercise doesn't have a lot to do. connell: the heads on television. if you're funding study on television, don't you find this fishy. >> there is a problem. current media environment, it is portrayed these are public spirited people with no bias. followed by a corporation. connell: not necessarily by the way. >> tell you what the problem is. >> why don't we examine data. i'm very skeptical of a lot of experts told us about fat and organic foods. no evidence.

>> coca-cola is getting killed by organic foods and drinks. they are freaking out. that is why they have to fun fund the study. connell: quick break, monica before we have another topic. >> this is about as reliable as a study from philip morris. not the smoke but more fresh country air. that is corrupting your lungs. you definitely have to follow the money. the facts actually don't prove out it is exercise. it is your diet. countless studies show -- connell: yeah. >> doubling, even doubling recommended amount does not help you lose weight. connell: another topic we're talking about. i thought people seeing this target story. no gender labels anymore for the toys. , girl's toys, this kind of thing. what do you make of this? >> removing pink and blue from the aisles will not confuse your sown into buying strawberry short cake doll. connell: probably not. >> it may encourage your daughter to buy a nerf gun or bow and arrow.

as a mother i have this struggle every time i go to the store. pink automatically where the little girl goes. i think this is positive step in terms of opening it up and giving kids more options. connell: do you care, james about this? >> just, i don't claim to speak for all consumers but my standard operating procedures when kids go to birthday party, i drive in say i need gift for 12-year-old boy or 16-year-old girl. connell: you're part of the problem. >> maybe i'm part of the problem. i think at the margin, among other things, beyond the larger questions, probably add some time for the consumer. >> millenials, millenial consumers are spending differently. they're going to spend about $1.4 trillion by 2012. this is just a whole thing happens because a millenia mom went online, i don't like gender bias. paypal said millenials are spending 7,000 times a second on paypal's site in terms of spending. connell: does this help target moneywise, yes or no, doesn't

matter, irrelevant? what do you think? >> i imagine they run the numbers. think it helps. i don't think this is something where you see people have a big religious view. i do wonder in terms of just your speak with which you're getting items, is it going to slow you down? connell: you're looking at my tie like it's a girls tie. very disconcerting. good to see all of you. james and monica. melissa over to you. melissa: you have to have more than good grades and standout resume' to get into top colleges. it come down to the college essay and making a difference isn't necessarily what you say but how you say it. deirdre bolton joins us. deirdre, you're following a startup that analyzed thousands of college essays to see what worked and what didn't? i love this. >> this is big data approach to getting your kids into ivy league school, melissa. long story short. harvard tends to be a little bit more, let's say supportive of downers.

whereas stanford loves optimism. founders of this company, called admit-c, went through essays of candidates who got in and just did a word count. almost that easy but started analyzing it. if you tend to call your parents or refer to your parents as mother and father, that seemed to work at harvard. mom and dad at stanford. much be all the extra sunshine, vitamin-d on west coast. melissa: that is so funny. i love it. we look forward for more on that. see you at top of the hour for "risk & reward." good stuff. the pricey promise for one company's minimum wage. the ceo defending his image coming up. all hail the king of rock and roll. what the nurse on the grounds of graceland has to say. that's next. you do all this research on the perfect car. gas mileage, horsepower torque ratios. three spreadsheets later you finally bring home the one. then smash it into a tree.

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melissa: whether it's on wall street or main street, here who is making money today. elvis, a nurse of the king of rock and roll is releasing a book around her life around elvis presley and her family. the book, taking care of elvis, memories of taking care of elvis it will include stories about elvis around graceland and on tour and never before published photos of the music legend. chick fell lay long-awaited new york city location finally set the opening date. all right. the popular food chain will open first fry standing location between 37th street and 6th avenue. nice. that is close on october 3rd. it will be the largest chik-fil-a in the united states. "ghostbusters" fans you can still call bill murray. murray who played, peter venkman

in both one and two, will be set to play in the third franchise. connell: which talked a lot about the minimum wage this. is interesting way of doing it. you may have heard about a ceo who independently mint ad $70,000 minimum salary. he has been in the news. he is back in the news, defending his decision despite his company falling on tough times. before we talk about it, watch this. >> we had to make really serious sacrifices. i myself had to buckle down. but i think it has been 100% worth it. making a profit is really important part of being in business. it is not the only thing that's important. that is part of what i'm trying to say. connell: james and judy are backed, our distinguished panel. did anybody, think this was good idea when you first heard bit? anybodyanybody? donald trump question. >> absolutely. connell: tell me why. i had a feeling james wouldn't. which talk a lot about the minimum wage and economics behind it. it is interesting discussion with this guy. 70 grand, minimum salary at his

company, credit card processor. >> i like the idea, it was not the government telling him he had to do it or lifting the bar for everybody. this is man who decided within his own company which he owns and runs he was not only going to take a pay cut himself. connell: right. >> make sure all of his employees were happy. that being the case, it has run into some obvious problems when you think about this. connell: i should explain. he was making a million dollars. he went down to the 70 ground. the company, among problems they run into, one of the former employees who left, saying the guy, this is quote from somebody named mazey, he gave raises to people least skilled and least equipped and ones taking on the most didn't get much of a bump. something should coming or he should have seen coming. >> markets work pretty well in terms assigning salaries to people. i agree with judy 100%. i agree. this is why markets are so much better than government. you can try this.

it was not imposed on all of us nationwide. it was an experiment. we all watched it. looks like some good came out of it. other things not so good but no one is obligated, if you don't want to work there, don't leave there. connell: if somebody wants to least company, that is their choice to leave the company. but at same time, some clients came in and some clients left. speaks to people's sensibilities and -- >> here is my issue. why are we incentivizing millenials not doing a good job? everyone is getting blanket 70 how? i want to call the ceo going over there. connell: you would have been one of the people that left. >> revenue came in 150 million for the company. his profit was 1.2 million at one point until he did whole salary equalization. it makes absolutely no sense. i don't think it is a great way to run a business. >> i like the experiment because i could sigh in very small team, it would probably help if you

had stock options in the business or some kind of equity, you would see in a small team fostering a sense of team work. but pretty soon, obviously they ran into reality of not everyone is worth that. some are worth more, some are worth less. connell, it is interesting story because melissa has breaking news what is it? melissa: breaking news out of google. go to adam shapiro at new york stock exchange. a new structure for google i was reading? >> yeah you still use the google search engine when you google something, but the company once known as google will be alphabet. google will be a company within alphabet. they will create alpha get, inc. and and create google inc. a company within alphabet. collection of companies which the largest of which is google. all shares of google will automatically convert into the same number of shares of alphabet wall of the same rights. it will still trade on nasdaq as

two different classes of shares of google. there is googl, and goog. so alphabet will be the new umbrella company. you will have google within there and some other companies. they're saying here that al if bet is about -- alphabet, is about business prospering through leaders. our model to have strong ceo who runs each business with sergey and me in service to them as needed. so alphabet will be the big kahuna. google will be under that. back to you. melissa: interesting. adam, thank you so much. coming up next, one small step for man, one giant leap for mankind. find out how history was made today in space when we get back. it's a fact. kind of like shopping hungry equals overshopping.

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at ally bank no branches equalsit's a fact.. kind of like mute buttons equal danger. ...that sound good? not being on this phone call sounds good. it's not muted. was that you jason? it was geoffrey! it was jason. it could've been brenda. connell: breaking news that which told you about a moment ago, adam was talking about it. surprised us, the google news, stock trading up nearly 4% after-hours. creating a new company called alphabet.

alphabet essentially replaces google on nasdaq. as adam was talking about a minute ago, or alphabet is the umbrella company and google and youtube are under the umbrella. >> a new corporate structure for google. in the after-hours market responding postively to the news as it breaks everywhere. investor like the idea, you have so wonder what is behind the idea of rebranding the company as something else? wanting everybody to call it alphabet. take other entities, youtube, chrome, other businesses will be stand alone under this umbrella, alphabet. interesting. nasa has something new on its menu and it is making history. nasa astronauts on board the international space station are planning to eat vegetables grown in outer space. joining us is fox news contributor phil keating. phil, tell me about the crazy outer space veggies. >> as senate scott kelly humorously tweeted, one small bite for man and one giant leap

to getting us to mars. who knew a simple salad could make space history. but that happened 250 miles above us as first-ever astronauts ate for first time, homegrown in space vegetables, specifically red romaine lettuce as they pulled it out of the rack where it has been growing. it tasted raw and added oil and vinegar. they became the first astronauts to consume the first food grown entirely in space. >> yahoo! >> cheers. >> cheers. that's awesome. >> tastes good? >> yeah. >> who are like arugula. >> it is fresh. >> reporter: this lettuce experiment really proves that you can grow vegetables in space.

the astronauts are also growing flowers to see if they can help get fruits to grow up there. >> wow, very cool. phil keating. you never hear people describe lettuce as awesome. there you go. deirdre bolton in for next hour of fox business with "risk & reward." deirdre: thank thank you, melis. google announcing plans for a new operating structure called alphabet. you just heard that. ceo larry page will be the new ceo. this is massive overhaul organizationally. it is about the business structure. google, i'm reading from the statement. we still want to do things other people think are crazy but we're really excited about. but a lot of investors have been concerned at different points about google's focus. this seems to be an answer. you can see how google is moving post-market. with more on market moves, get you back to the floor of the new york stock exchange. adam shapiro is there with green on the screen