is everywhere, every iphone in the world has to be up graded. [closing bell rings] liz: apple certainly a member of the dow 30. the dow hitting session highs in the final hour, minute of trade up 52 points. that will do it for the "claman countdown." thanks, paul detreich. melissa: on wall street stocks mixed at the close on global growth concerns as investors await direction on trade. the dow there though, positive territory, pushing into the green in the final minutes, ending up 68 points. s&p 500 ending the day, see it there, in positive territory, just barely. the nasdaq, in the red three days in a row, down three points. i'm melissa francis. connell: i'm connell mcshane. this is "after the bell." we'll have more on big market movers. here is what is new at this hour. right now the white house, president trump is expected to sit down with congressional republican leaders. this follows the removal today of john bolton as his national security advisor.

we'll have the details as we know them on that announcement and the timeline of how it all went down. plus apple revealing its new lineup of smartphones and devices. the surprise move for the next iphone and how the tech giant is planning to compete with netflix. taking aim at the rich, elizabeth warren's latest attack on the wealthy. what might all mean for you and your money. melissa: fox business team coverage. gerri willis on the floor of the new york stock exchange blake burman at white house, jackie deangelis in the newsroom. let's kick it off with blake. reporter: hi, there, melissa, one of those days at the white house. president trump set to meet with republican leadership. congress is back in session. a whole host of issues. among them, passing the usmca, gun legislation and spending bills they have to take up. the headline at the white house for the last four hours or so, the he said, he said, between

president trump and former national security advisor john bolton. the president broke the news of bolton's ouster on twitter, saying he essentially fired bolton with this tweet right here. i informed john bolton last night his services are no longer needed at white house. i disagreed strongly with many of his suggestions as well as others in the administration. i asked john for his resignation given to me this morning. about 15 minutes after that, bolton went on to twitter to respond to basically say that is not how he believes it all played out. quote, i offered to resign last night and president trump said let's talk about it tomorrow. here is the timeline with all of this. at about 11:00 this morning the white house updated its guidance saying that bolton, the secretary of state mike pompeo and treasury secretary steve mnuchin would be in the briefing room taking questions from reporters and talking to reporters that was at 11. the president's tweet saying bolton was no longer a part of

the team came one hour that. as you can see in the video by the time the briefing rolled around at 1:30, bolton was no longer a part of the white house team. the secretary of state was asked whether or not he was surprised how all this played out. listen. >> i'm never surprised. [laughter]. i don't mean that on just this issue. and i think secretary mnuchin would say the same thing. we work very closely with the president of the united states. i think we have a pretty good understanding how he is thinking about things. reporter: a source familiar with bolton's thinking, that bolton and the president had a heated discussion last night on afghanistan and that source said last night that bolton decided to resign and describing that breakup as, quote, inevitable. the new national security visor the president says will come next week. back to you. melissa: i thought the whole game was to get the other person to break up with you, then it is their fault. no, never mind. reporter: not today.

melissa: not today. see you later. connell: never a dull moment. let's talk about apple. ceo tim cook took the stage and the company rolled out a handful of new products. jackie deangelis live from the newsroom on what was said. reporter: a lot came out with the event t was out two hours long. iphone 11 was highly anticipated item. there were several versions to replace the 10. cheapest version, 699, but then the 11 pro and 11 pro max 1199 and 1099 each. they will have enhanced cameras and longer battery life. remember iphone is 50% of apple sales. they announced apple tv. it will have a november 1st rollout. it will be $4.99 a month. that is cheap compared to the other streaming services that took a hit. if you buy a new device you get a free subscription for a year to apple tv. moving on, apple arcade, this is the second part of the services

also holy anticipated, 4.99 a month as well. 100 exclusive titles that will launch mid-september, september 19th, as a matter of fact. moving on to the ipad. 10.2-inch ipad at 3.29. that will roll out at the end of the month. i finally want to draw your attention to apple watch. that is what people didn't know what to expect, apple either kept it under wraps or didn't make too much innovation here but pretty much was in line. there will be a fifth generation of this. it will have health features that are really interesting and exciting. 4.99, $499 if you get the cellular service. 399 if you don't. all inclusive here, very exciting platform. the stock was only up a little more than 1% today which was a little surprising given some of these announcement but of course it takes some time for investors an analysts to kind of digest all of this, then have it reflected in the stock price,

guys. connell: pricing was interesting. thanks, jackie deangelis. melissa: here to react, liz peak, foxnews.com columnist and gary kaltbaum, kaltbaum company tall president. they are both fox news contributors. put me down nor a iphone 11 pro maxim immediately if not sooner. >> really? melissa: not you, yeah? >> got to get rid of my 10. look, i'm still waiting for something new. there is a new ipad. there is a new iphone, yippie. apple value stock now. that is what happens when you do 260 in sales. the big story is the tv thing. roku got hit, netflix got hit, disney bottom hit. they undercut them. the question will they have to come down on price? i don't think much as changed here. i'm looking forward to the 5g. i think that can be a big change. we're not there just yet. melissa: liz, gary shares none

of my excitement. obviously it is apple's world. we're all living in. one of the items i saw was terrifying apple arcade, i anticipate losing my children into the apple arcade. it's a subscription model. just sit there game to their heart's content. that is terrifying. i would probably think good for investors or are you a bah humbug like gary? >> no. i think that is natural extension what apple does combining technology and entertainment. this is a huge industry. taking all other incremental pluses to existing products and stuff, i think the most interesting thing was the arcade. i don't know what the projections are for revenues. i think that is quite interesting. as to sort of the modifications, look i think when 5g comes along, all the people who have been holding on to their iphones are going to have to upgrade. that will be the next big move in apple. i don't know when that is. certainly it is not right now but i think that is an incredibly exciting prospect.

right now, to gary's point it's a value play. so the stock will do fine. that will be the next exciting chapter. melissa: 11 pro max. connell: probably next year the 5g. to bring in an expert to talk more about that are or, i think on pricing of consumer tech, it is interesting, number one. apple tv plus, to come in underneath the competitors like disney and others come in at 499 a month to surprise people, iphone 11, 11 promax melissa is buying, come in at 699 on that was a little bit low. what do you make of apple actually considering price this time around? >> in terms of the price structure for apple tv plus, i was certainly surprised. i thought that was coming in at 9.99. for additional services with know on the services side that revenue is hitting 20% for apple which is significant. if people are not upgrading as much as they aren't, guess what, if you add services people still

stay in the ecosystem. they may not be upgrading. a lot of people hyped up from the 2020 version. i have to tell you from the consumer tech standpoint, sitting here on unveil i'm talking about next year' release is mind blowing. people are waiting that out. it doesn't matter because the long term game is have services ram up like apple news, even icloud making significant dollars. have being people stay in the ecosystem is what matters. >> what is their mind set? i can tell you mind is usually something along the lines if i'm looking at streaming tv just as an example, i had netflix for years. we pay for it, whatever it costs per month, that's it. i don't look at it either/or with netflix, if i'm going to have netflix what else am i going to have? if something is 10 or 12, $15 a month, that sounds like a lot but maybe five bucks a month maybe i try this in addition to netflix do people think that

way? >> i echo your thoughts. if you look at monthly statements, you have netflix, hbo, disney, they add up, to the average consumer that is a lot of money. they nailed it, apple arcade price point, 4.99, you and i agree thought it would be ten bucks. that is huge deal especially for the little ones, melissa. melissa: i know. i know. >> sweeten this up. connell: i'm talking more about the tv plus than that, i'm more interested in it, on the arcade side how big after business do you think that will be? >> they brought in capcom, they brought in big players. that is significant. i was saying there they have to bring in big names. you have can have, people watching what is apple arcade? it's a gaming. there are a lot of different games people go on for five bucks a month and play. i'm somebody popping on to that. but bringing in the big partners that to me was differentiator that was the strong point.

of course they're apple, they will do that apple tv plus 2, that is good price point for that as well. connell: overall you would say from where you look at it, coming from consumer tech, expectations versus realities you were fairly satisfied what you heard from apple today, to wrap things up? >> no big surprises on hardware, that was anticipated. to put the spotlight on the growing of services and long-term gain i think it was strong for apple. connell: food enough, katy. thanks for coming in. we appreciate it. melissa: get back to the markets. the dow ending in the green for the fifth day in a row. it was the longest winning streak in three months. let's go to gerri willis. what is the trade down there like today? reporter: this is fascinating. momentum into value names. one of your guests said ample is a value name. the dow at session highs. closing at session highs. it is the fifth straight stay of gains and the longest winning streak in three months. it all starts very differently though. we were talking about china

product pricing that it was negative. that is not the way we finished. good news there. we want to talk about peloton for a second. this home fitness start up. they will hit the road show with their ipo. they will be selling the shares to professional investors soon as wednesday. you may be familiar with the stock. it gets a lot of attention. another unprofitable unicorn. they lost $196 million last year. as you know wework cut its valuation from 47 billion to less than half that we'll watch peloton how it does as well. apple having a huge effect. i'm with melissa, may have to go for the new phone, for the new iphone. i like what they got out there. maybe the watch. melissa: i don't know. i'm going to have to have the new phone which is really embarrassing but what can i do? gerri, thank you. reporter: welcome.

melissa: a 20 billion-dollar breakfast bet, wendy's shares fell after they cut the 2019 forecast. they ramp up spending and hiring as it plans to launch breakfast nationwide, with breakfast items like oh, the baconator. gary and liz are back with us. i wasn't sure this was a good news. do we really need wendy's to have breakfast but now they have the baconator. >> so you were sold? you were sold on the iphone. melissa: maybe i'm an easy customer. >> wendy's offerings, 300 restaurants they're expanding where they're taking the product menu. a big number they're investing. boy, hiring 20,000 people, i wish them luck because the real story of this economic cycle and where we are today is it is hard to find employees. they're going to have to pay up. my guess that is a little bit why they cut territory cast. melissa: that is a terrific

point because that is exactly where companies are having a hard time hiring people is right at that opening minimum wage point. >> right. melissa: gary, also strikes me, you know, i'm joking that i want the baconator, i didn't know wendy's didn't have breakfast. that is kind of a bad thing. we stop at fast-food. i have little kids. we're in airports. i generally know about that stuff. wendy's doesn't have breakfast. they don't have breakfast? that doesn't bode well for them what do you think. >> mcdonald's lost $6 billion of market cap today because of this announcement. where there is demand, somebody will supply it. wendy's sees a big market here. let me be clear, breakfast is gargantuan market. that is smart move. i must admit i didn't know they weren't selling breakfast yet. 20,000 people hired, that is

good news for the economy. melissa: let's go have a bacona-aor. connell: that is a great name. melissa: sounds all bacony. connell: new information from 60 million years ago. melissa: what? connell: not often you say that. what scientists say surrounding the extinction of dinosaurs. these are great details coming later this hour. melissa: congress back in session. trade remains at the top of the agenda. after a long summer recess can lawmakers finally get something done? that's next. spoiler alert. no. connell: sifting through the damage in the bahamas. search for victims continues there. we'll talk about how the island are doing more than a week after dorian's destruction began. ♪. and get your interest rate right. so you can save big. get a no-fee personal loan up to $100k.

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melissa: step up and speed up. congress is back in session and the trump administration is urging house democrats to take up and approve the new north american trade deal. can you believe they haven't done that yet? fox business's edward lawrence is live at the white house with the latest. i can't believe we're still talking about this. reporter: melissa, they were on vacation so nothing happened during that time. right now the congressional leadership on the republican side are here at the

white house. they're talking about the agenda going forward. the top of that list for the administration is to ratify the usmca. in fact senator chuck grassley saying usmca would count on 86,000 jobs for the economy going forward. he said the trade with mexico and canada that keeps farmers in the midsection of this country going. senator josh hawley from missouri adds that usmca opens up the canadian dairy market which is protected under the old nafta, to missouri farmers, that's key. >> that is really important to our farmers. it's a good deal. it is a better deal than the old nafta was. it opens up markets on fairer terms for our farmers. i hope the congress acts. the problem is nancy pelosi will not bring it up for a vote. this is win for farmers this is a win for manufacturers. this is a win for producers. let's have a vote. reporter: nancy pelosi formed a nine person working group to

tweak the agreement, as well as worker protections, environmental controls. fox news learned that group think made an offer to trade representative robert lighthizer, has not heard back yet. mexico already ratified usmca. canada signals they would ratify usmca but they won't bring it up, according to my trade sources in canada until the u.s. house of representatives schedules a vote. now on that front canadian prime minister justin trudeau called house speaker nancy pelosi to try to ease her mind, her mind at rest about the deal. sources on capitol hill say they do expect there could be a vote in late fall. the administration pushing this bill right now. melissa? melissa: edward, thank you for that. connell: here now with us to talk more about that is oklahoma congressman frank lucas who sits on the house financial services committee. congressman, good to see you from capitol hill this afternoon. give us the timeline best you understand it. edward said late fall. when can you get this thing

passed? >> that is what the speaker has been talking about but she has been backpedaling for months and months trying to avoid the vote. part of the problem, afraid the democratic majority in the house will give president trump a win. remember when he was campaigning trade deals united states had with our neighbors to the north/south, europeans, japanese, chinese, were not fair to americans, not fair to american workers. he set about to renegotiate. the first product is this usmca, a renegotiated agreement with our neighbors to the north and south. it is ready to go. connell: right. >> but nancy says we have to have more, sorry, the speaker says we need more provisions dealing with the environment, dealing with labor. i suspect we push the national mexican government in mexico city as far as we can push them. this needs to be ratified. it will pass the house if they bring it to the floor. connell: that is part of it. they already in mexico approved this. >> yes. connell: canada could move after you guys move. if you make what happens if you do make, say hypothetically you made significant changes to

this, for these democrats what would happen then? are you back to the drawing board with other countries? >> mexican congress will have to reassess the entire situation. the canadians will have to reassess entire situation, that will delay sales of ag products. remember this is not just about mexico and canada. completing usmca gives us leverage dealing with the europeans, gives us leverage dealing with japanese. ultimately you can conclude those negotiations. the big challenge is the chinese. we need all the leverage we can get to make this work. so we've pot to do this. from my perspective in oklahoma, 40% of the hogs we raised went to mexico before the tariff wars. $40 million worth of wheat we sold to mexico before the tariff wars. half the corn consumed in mexico came from the united states. that is important to u.s. ag producers. connell: people only hear headlines, new usmca, new nafta. critics say it is not that much

different than the old nafta, what is the point? from where you sit in oklahoma what is specifically better about this deal? what is better for your constituents? >> it addresses not only dairy provisions it addresses lowering tariff rates in general. it address as variety of things. the point is our neighbors north and south are the biggest trade partners f we can't come to terms with them and how can we move trade around the world? the president is right. we've done a good job. we need to vote. it will pass the house, the majority, are partially concerned about giving president trump a win and trying to appease certain elements in their own caucus who may not have the best interests of the whole country at heart are slowing this down. the speaker needs to move. how do we move the speaker? my democrat friends in the united states house to need to lean into the speaker to bring it to a vote. connell: hallway talk, back channel talk about that? having conversation with democratic colleagues, if so can

you tell us about them? >> we came home from six weeks in the countryside. i assume the colleagues did same number about of town meetings public events, the push from the ag areas do this, do this now. if folks will lean into democratic members of the congress to lean into the speaker. the problem is not republican side. there will be a few republicans but we'll get a whole bunch of democrats to vote yes. if we're just allowed to vote. speaker, let us vote. connell: one of the big things as we head into the fall. congressman, thanks for coming on. >> thank you. melissa: the potential to slash billionaires worth by more than half. senator elizabeth warren tax plan would hit the megawealthy and how would it impact the rest of the country. james freeman from "the wall street journal" joins to us respond. a possible shakeup from the ncaa, how paying college athletes may come up in the future. coming up.

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melissa: john bolton is out. president trump revealing that he quote, strongly disagreed with his national security advisor over a range of issues. breaking news right now, a source telling fox news's catherine herridge that ric grenell is also in the mix as one of the names to become the next white house national security advisor. multiple senators calling the white house on his behalf today. here now is james freeman from "the wall street journal" he is also a fox news contributor. >> lei, melissa. melissa: ric grenell, we got breaking news at noon over on the other network. that is one of the names people thought of at first, because he is at the front of mine. he has been vocal. he is well-liked by the president but does he have the experience, ric grenell? >> i think he has done a good job in europe, certainly making the case for the u.s. and european countries to move towards zero tariffs. i hope he will continue doing

that, whatever job it is. you mentioned a very good relationship with the president. so i think, could be in the running. melissa: what do you think about ambassador bolton's departure? one of my theories was we're coming up at the meeting of the u.n. he has been very much against the president sitting down with anyone from iran. that is one of the things floated potentially happening at this meeting coming up. i wonder if that is one of the big issues they were at odds about? >> it makes sense. sort of a headline story, certainly mr. bolton much more hawkish on a lot of issues than donald trump was as a candidate in 2016. somewhat surprising to some people that mr. bolton ended up being the guy in the administration but, if there ever is a time for a deal certainly the iranian economy has been hurt. its currency has been hurt. i would say the pressure campaign is working.

a lot of people will have mr. bolton's concern whether you can trust this regime. melissa: so while you're here, i want to talk to you about taxing the rich robin hood style. elizabeth warren putting in unprecedented wealth tax plan to combat rising inequality under her plan. billionaires like jeff bezos and bill gates would see their wealth dwindle by hundred of billions of dollars over a decade according to a new study by a french economist. the plan, details of it, 2% tax on individuals with a net worth over 50 million. 3% on those with more than one billion in assets. i imagine that all of those people would flee the country the day after the election? >> yes. and forethat reason, very few people believe those two french economists. even democrats like larry summers saying there is no way they're going to collect $3 billion over a decade that they want to get from this tax. you look at those very smart people who are also very good at

avoiding, avoiding, not evading taxes, especially warren buffett there who is the world champion of minimizing tax bills. this plan saying that they're going to collect on each billion each year, an amount equal to the total amount of income taxes he pays in a typical year? it is not going to happen. you mentioned france. you look across europe, sweden, germany, they all tried wealth taxes. they all got rid of them because it drives wealthy poem out of the country. it creates huge compliance problems. the economy suffers. on top of that in the united states you have additional, not inconsequential problem, it is not constitutional. melissa: it is not constitutional. she had scholars put forward why it would be. i can't imagine that is the case. the salient point when they tried it in other places they straight up did not collect the revenue because everyone ran away. a great example of that warren

buffett said so many times he doesn't pay enough, he would be willing to pay more. as you said he is the king of legally avoiding paying taxes. he could write a check and pay more but instead very closely and thought fully follows the law to avoid paying as much as he possibly can under the law. which makes me think, you know, everybody, all these wealthy people say they want to pay more, it is not genuine. >> whether it is moving out of the country, whether it is moving more into charitable tax-exempt vehicles, you can count on people with this enormous incentive to find ways to get around it. that is why she has in her plan more money for the irs compliance budget, new penalties for people trying to escape. she knows it is going to happen but these letters from professors at fancy law schools that she is showing to support her plan, all they say we're really smart and in our judgment

this is fine but it is clearly not. they cite a precedent from over 100 years ago that really goes the other way. there is a reason the, they had to amend the constitution about a century ago to be able to tax income. they can't tax balances. >> real quickly what would impact be before the rest of the country? they would think they were getting money they didn't have? it might be bigger debt. people would leave who are employing people. what does it mean for people with billion dollars? >> if she could get out of the constitutional defect, or amend the constitution, you have to worry about them coming at other people. she set the bar at $50 million. interesting she is worth at 12 million. it will not hit her. if that first effort doesn't work, who else will they come for? melissa: absolutely. james, thank you. >> thanks. connell: after 20 year rein, alibaba's jack ma is stepping down as chairman of the company which he helped could found and

he will be succeeded by the ceo. ma is shifts in his role from the business world to world of philanthropy and education. still a young guy. he is 55. melissa: interesting move. search for survivors in the bahamas as the death toll for hurricane dorian continues to rise. we're in the bahamas next. connell: groundbreaking evidence of the extinction of the prehistoric creatures 66 million years ago. new info coming up. melissa: wow. ♪ (pilot) we're going to be on the tarmac for another 45 minutes or so.

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connell: the death toll continue toss rise. thousands are still missing. hurricane relief efforts are certainly underway in the bahamas as the government is trying to evacuate the remaining survivors of the hurricane. fox news correspondent steve harrigan reporting from nassau with the latest. reporter: hurricane survivors in the bahamas, gathering in shelters in nassau. thousands need food, water, and temporary housing. officials are considering setting up tent cities while they clear the debris. the death toll is expected to rise as teams continue the grim task searching for victims. relief workers are delivering food and supplies over flooded roads and piles of debris. >> sorry for getting emotional. one thing that is seeing that, at that people care, touches

your heart, gives you hope and fortitude to try to keep going. reporter: aid is arriving slowly on the hard hit island of grand bahama. here is the destruction in rocky creek, a settlement on the east end. >> yeah, it is a solid -- reporter: like so many in grand bahama, dexter edwards and his family are combing through the wreckage what used to be their home. hoping to find photos, and other cherished items. >> isn't much but you got to try to keep your head up. that is all you can do right now, keep your head up. reporter: like some families here they have lost almost everything. now the task figuring out the next step. in nassau, bahamas, steve harrigan, fox news. connell: going to be a tough spot for a very, very long time. melissa: yeah. federal officials sending a bold warning to companies selling cbd infused products as treatments for serious diseases. how the ftc is cracking down on

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♪ connell: all right a warning from the ftc. the agency telling three unnamed cannabis companies to stop marketing cbd products as disease fighting without providing credible scientific proof that it actually works in that regard. the federal trade commission says the companies are claiming cbd can treat dozens of conditions, including cancer, alzheimer's, mult fell sclerosis. the companies have 15 days in order to respond to this. melissa: texas health officials sounding the alarm after a high school student collapsed after vaping. fox news's casey stegall live in dallas with the latest. casey? reporter: melissa, health officials in houston told us there were three other cases of young people who have been hospitalized in the city after using these e-cigarettes or vaping as it's known. it is a fourth person, if you add the incident last night at

this high school when a kid was rushed to the hospital after using a vape pen which he got from another classmate according to an eyewitness. the friends say they are shocked after seeing just a few puffs from that e-cigarette device causing their friend to go unconscious. officials say the three other patients had a repeated history of vape use and even though everyone there has survived some may have long-term damage. listen. >> patients who have this are admitted to hospital. many of them are winding up in the intensive care unit. many are winding up on a ventilator with assisted ventilations until they get through it. some of those who survive it are winding up with at this point looks like some lung injury. reporter: now listen to these numbers. according to the cdc, now more than 450 possible cases like this have been reported in 33

different states. so doctors believe they're all linked to these e-cigarette products, either containing tobacco or thc, the active ingredient in marijuana. meantime groups like the american vaping association stand by this saying that it has successfully helped millions and millions of americans quit smoking cigarettes and that the concerns are more with thc being bought on the streets unauthorized than the e-tobacco products you see at a lot of convenience stores and such but no doubt a lot of people and a lot of doctors concerned about this. melissa. melissa: we'll keep an eye on it. thanks, casey. connell: fair pay-to-play. the california state assembly passing a bill. it would allow student athlete to profit from endorsement deals if passed eventually and signed by the governor. the new law would go into effect in january of 2023.

so what does it mean for the business of college sports? jared max is here, "fox news headlines 24/7" sports reporter. it is not done yet as i say, jared. it has to get through a couple more hurdles out in california. say it does, i wonder what the ncaa will do here in terms of trying to prevent this still from happening or making a violation, what do you think happens? >> almighty voice of college sports, ncaa because they're so on the straight-and-narrow. i think this is fantastic, connell for college sports. california is the first state to try a lot of different things in our nation. they certainly have their problems with taxes and being in debt and there are some great schools in california also in debt. this potentially brings in money into a school. what this allows is for players to sign endorsement deals. so we find out real quickly, the proof is in the pudding. who will actually attract deals that will bring endorsement money in, right? there is potential conflict, let's say a school has a deal

with adidas, nike, puma, whoever it is, then an athlete has a separate endorsement deal, you have potential conflicts. that still has to get worked out. the framework is here for a great foundation. if it works in california maybe for the rest of country. we have 10 athlete in a certain state will bring in any kind of money because they move the needle, they move the financial figures within a state. connell: right. >> by and large you have 25 division one sports programs in the state of california. that's a lot. connell: it is. >> 24 in basketball. that leads the united states. say it's a lesser school. maybe there are no superstars getting major endorsements. i bet something could get worked out if you're at a major program, say you're an offensive lineman, you will not get endorsement deals maybe there is a small percentage of the endorsement deal for the superstar running back, quarterback, because you are helping to bring in millions and millions of dollars in to the

university. you have the president of the ncaa mark emrick will say this is wrong. i'm sick of that. connell: a lot of people are in terms of the ncaa, they are accused of being hypocritical over the years the way they talk about this issue. a number of legal questions surrounding all of this, what will still be a violation, what, how does changing the law even matter but from the business of sports point of view, debate is always been whether athletes should be paid. this is a little bit different. it allows them to make money in other ways. do you like this better, the idea that somebody can go out to get an endorsement deal? >> yes. connell: revenue generator, zion williamson of duke, made a commercial, you like that better than just paying the athlete? >> i think this works best. this is from the business side. if you were out there, i brought this up a few months ago, remember the movie holm -- home alone, mccauley culkin was star,

they said he is not old enough to earn money. who are the real moneymakers. connell: does it incent provides to stay in school you think they make money. >> per chance if you're that level elite athlete you have the focus on pros where you will be earning your money, buying houses for you mom and such. connell: you're right probably. interesting business conversation. good to see you, jarrod max. melissa: new research giving us information about the extinction of dinosaurs and the asteroid that hit the planet earth. details about that coming up next. ♪ wow. thanks, zoltar. how can i ever repay you? maybe you could free zoltar? thanks, lady. taxi!

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here now is mike wall, from space.com. thank you very much for joining us. i mean, this is staggering. it said it blasted a hole 100 miles wide, 12 miles deep. that it was the power of 10 billion atomic bombs. what is most striking to you about this? >> well, i'm just really impressed that they are able to take these -- basically what scientists did in the study is they drilled into part of the impact crater, and it took a long time, you know. and it is in the ocean. so they had to drill down deep and get these impact sediments and they studied them and they were able to recreate that terrible day in incredible detail. they were able to determine from what's in the impact sediments that there was a huge tsunami that may have been 700 feet high, that came back to the impact site within a day or two

and dropped charcoal and burnt wood. within a few days of the impact, there were huge fires all over mexico and probably much of the rest of the world too. it's really remarkable. it is like painting this horrible day in detail. melissa: it sounds like you have a lot of confidence in these findings? >> yeah, they were able to kind of nail down. i mean, based on what in these sediments, in these cores, they can kind of piece together. it is kind of like what you said, it is a mystery and we can kind of piece it together bit by bit as we analyze the pieces. they are able to tell based on finding charcoal there in those sediments right around the impact state. there's something else interesting too. they didn't find much sulfur in the sediments and that lends a lot of support to another theory about what may have caused the huge mass extinction. the fires certainly didn't do any good for the creatures that were alive but really caused

most of the extinction was probably like an intense global cooling that followed. what probably happened there is it threw up all this dust and sediment and a bunch of sulfur in the air. that probably got vaporized and formed a mist that hung in the air and blocked the sunlight. it could have created this huge global winter that may have lasted for years and years, which actually may have caused most of the extinction. melissa: it sounds delightful. they say animals were fried and then frozen in the climate change, like you said. i wish we had more time. you don't think this is going to happen again; right? >> it is not a question of if. it is a question of when. it's not coming our way any time soon, but it's best to be prepared. melissa: mike wall, thank you. that is not the answer i wanted. connell: thanks for asking that question. melissa: we will see you again soon, i hope. connell: bad news for alien enthusiasts out there. the creator of the whole idea,

storm area 51, viral facebook posts is backing out of the event, saying there is an issue with permits. melissa: you think? my son wants to go. now it is really not happening. you are not going. connell: bulls & bears starts now. >> we have a huge morning planned for you with some truly big announcements. >> apple kicking off its biggest media event of the year unveiling a slew of new products across the board including new iphones and the highly-anticipated video streaming service that sent shares of disney and netflix tumbling. will consumers be satisfied? we have a live report coming up. this is bulls & bears. i'm kristina partsinevelos. joining me is john layfield, liz clayman,