with reporter liz gaines of the block re/code and martin giles of "the economist" this week on "press: here." >> good morning, everyone. i'm scott mcgrew. recently during its worldwide developers conference, apple announced itas very interested in home automation and the internet of things. the idea that many, if not all of the various objects in your home can talk to each other. apple is not the only company sniffing around. google bought nest maker of smart thermostats and smoke detectors. devices from dead bolts to toasters will form a housewide network which leaves us to the alexander hague question works will be in charge? it might well be shane dyer, ceo of arrayent networks, already signed on big brands like matel, whirlpool and lift master, maker of garage door openers, joined by martin giles of "the economist" and liz gaines of re/code. what is my garage opener going to tell my dishwasher? what will the two talk about? >> to start out with you're probably going to buy these one product at a time. of that whole idea that we're going to wake up on saturday morning with this hom

liz gains with reco is partly owned by nbc universal and took a ride in one. >> google thinks the bigt step is when you get a car that can take a blind person to do their errands, bring a senior citizen across town. >> reporter: the goal is safety. about 90% of crashes are caused by human error. >> do you think computers could drive better than humans? >> absolutely. if you think about it, the computer can react faster than you can. >> reporter: the idea troubles those who know electronics can fail. if that happens, who is responsible in a crash? >> it's likely that companies will have a much larger share of the liability. but the hope is that if these vehicles are safer that total liability will be much smaller because crasheses will be far less frequent. >> reporter: california is now writing laws for self-driving cars and vote hopes his technology will hit the road next year. joe fryer, nbc news, alimeda, california. >>> we are back in a moment with an unbelievable story of survival and a very happy family reunion. >>> steve rossi has died. comedy fans remember him as the straight

liz gaines joins us, very cool story. tell us about cruise. >> it's a tiny start-up.remental approach. there's a lot of reason people agree that they're a good idea. they don't make stupid human errors. they don't get angry. they don't get tired. sure there's problems with giving control over to computer, but a lot of people think it's a good idea. all the automakers and sgoogle are working on long-term plans, but one start-up, this cruise, is working on short-term plan to, to an advanced stage of autopilot on specially approved freeways. cruise has gone and predriven them, so they have very detailed maps, so the cars can handle them, stay in their lean, brake and accelerate based on what the cars are doing around them. >> we're talking about only a smart area in the countries, right? the bay area, because they've mapped out those roads. about you what happens to google's driverless cars? does this undermine google's driverless cars? or are they complementary? >> google cars have allowed something like this. so cruise is kind of creeping up behind google. it's only in

let's welcome liz gains live in san francisco. welcome.reat to have you on the halftime show. >> thank you. >> so the bear case here is that it's this overstretched vc driven darling. the bull case says real company, real cash flow, catching on in every major city. which is it? >> well, every major city all around the world, in 140 cities now. they're still continuing to get involved. this latest round, it's 1.2 billion, so now the company overall is way up there. 18.2 they say going to be 18.4 billion. they are still getting vcs to jump on board. kleiner perkins now getting in. this is a big hope in silicon valley, also a company google has put its own money into, so people see it as live with google which is a good thing. but it's a company that is also facing a lot of haters around the world. most especially regulators on who are not excited about some technology company coming and changing up something that is a key piece of infrastructure. >> but that is if not the biggest overhang. it's fraught with regulatory risk. whatever you thin

with reporter liz gaines of the block re/code and martin giles of "the economist" this week on "press. i'm scott mcgrew. recently during its worldwide developers conference, apple announced itas very interested in home automation and the internet of things. the idea that many, if not all of the various objects in your home can talk to each other. apple is not the only company sniffing around.

david: keurig green mountain, the shares are brewing up big gains today, liz.finally got my keurig. david: you did? you ordered it four months ago. liz: ashley back on nyse. >> i actually got one too, liz. i haven't used it yet. because of sales of keurig brewing machines, that speaks well for k-cups where the coffee comes from. a lost gains today, up 4%. on back of research analyst at argus toaised his price target to 140 bucks on the stock and raising a from hold to buy on this stock. growth growing 7% this year. it has spurred nice profits. additions to company including peet's coffee and campbell's soup will be good for company. it will be awfully bowl of soup to fit into the k-cup. liz: chunk by keefe? >> half a chunk. david: i speak up for eli coffee. that is the best. thanks, ashley. liz: hook it up. s&p futures are about to close. let's head back to michael gerka. he is in the pits of the cme. michael. >> again, what a way to close the day, slash week and ham laugh half after year as we get near monday. not that i'm the most bullish guy but particularly

great gain. liz: barry, is it a buyer's market or seller's market?pends where you are in the country. if you're in parts of the country like colorado, texas, your home will be on the market for a very short period of time. new york, san francisco, other parts of california. >> boston. >> very short time on the market. so you would have to say it's a seller's market. there are other parts of the country where there is a little bit more of a opportunity for buyers as well. david: we teased this segment, sounds contrarian but that rents going up, could actually be good for home sales. how is that work? >> national association of realtors economist, he said, up 4% in the last few months. now, that is a bad thing when you think about it, if you're a renter. if you're making decision to purchase a home, it make as the decision to buy a home a little bit more attractive. even though we've seen prices go up a little bit. that rise in rents is something to worry about. in the first quarter, household formations, that means if you're married or living to the,

liz. the price was $24. it traded at 33 bucks. into the closing bell it is holding on to seller gains, up about 30%. e ceo here yesterday. he said watch this stock. the run will continue and it has, hitting a new 52-week high. >> that is right, liz. we're seeing the stock up seven?% tacked on to yesterday's gains -- seven 1/2%. they told us they will split the businesses, the retail business and the nook business. david: barclays talking about them with the attorney general but barclays getting a boost. [closing bell ringing] >> up 7% and bed, bath & beyond down. david: we hear bells on all the exchanges. we see a lot of red arrows we should mention the downside moves were a lot steeper than where they ended the day. it is hard to let bad news into this market. traders are really pushing it higher even on down days. we're seeing very high up days. pretty easy to manage down days on all of the markets. the dow is down about 20 points right now. s&p, s&p is down a little, about exactly the same percentagewise as dow jones. the most minor movement at all is on nasdaq. then you have russell. very sort of

gain. david: it's a record. liz: they're still settling, so a last minute trade may come in, but for the moment, looks like the s&p makes it. there was a big hammock moment, we call that when you start like this, you come down and go back up during the day for many of the indices, but not so for the nasdaq. "after the bell" starts right now. ♪ ♪ david: by the way, we have oracle earnings coming out any moment. we'll bring those to you live. let's get to the market action of today, tim courtney says global diversification is key right now. gary rand, capital partners' founder and chairman, has three beaten-down stocks that every investor should own, and scott in the pits of the cme. i want to start with gold. iraq has been a problem for a while, so it wasn't just iraq. what is it? what's driving gold up right now? >> i think it's a little bit of a short squeeze. gold's come off here for a while. i only have two reasons i want to buy gold, if there's some sort of armageddon and i don't see it, or asen inflation edge,

gain. david: it's a record. liz minute trade may come in, but for the moment, looks like the s&p makes it. there was a big hammock moment, we call that when you start like this, you come down and go back up during the day for many of the indices, but not so for the nasdaq. "after the bell" starts right now. ♪ ♪ david: by the way, we have oracle earnings coming out any moment. we'll bring those to you live. let's get to the market action of today, tim

gains on the iphone. hard to see until the iphone 6 comes out. liz is going to be slightly behind google, google has jumped in with the nest. i am wondering if you as an investor are happy with this. >> we weren't really expecting a lot. after all, this conferences for developers and software engineers. i haven't talked to any of those folks but there might will be a lot of engineering and software developers who are very excited about what they heard today. we got a new operating system for the iphone announced, yosemite for the mac. nothing we were expecting great new products that would excite investors. too busy the stock do really well around this particular time. liz: they know exactly every year that typically the stock doesn't wow because you're talking with people who want to see new hardware. they spent $3 billion on acquiring beats. did you see it if that will show the evolution of that relationship? >> they didn't mention it at all. they didn't touch on it at all. beats is interesting because it is the biggest deal apple has ever had, the

liz; investors proceed with caution. can the dow and s&p hold onto the gains? consumers rising faster than expected. how will the fed react expecting a two-day meeting today. amazon great unveil. eagerly awaiting the e-commerce giant new smart phone, plus if you want the 3d technology, be prepared to switch carriers. made exclusively available through only one carrier. how much will the phone bolster the winter giant? which stocks are in play? our expert panel weighs in. and think of it of war the parker. what do you get when you combine the high-tech digital age with italian leather? started by two wall street guys convinced they could sell at affordable prices. joining us in a fox business exclusive. "countdown to the closing bell." try it on right now. liz; good afternoon, everybody. i am liz claman. listen to this, so far advancing militants in iraq, concerns of global oil supplies as well as not one, but two weaker than expected reports are not enough to hold back stocks. the major averages heading for their third straight winning session and today it is the small caps leading the game. the rus

liz: the server look. more than the middle finger plus the chili pepper. we are seeing gainse built upon since this morning with news that just broke on your show that the president will be having a private meeting with members of congress regarding violence in iraq. it will be interesting to see what happens but the market seems to be liking that or not upset by it. you have been talking about the amazon phone that will be unveiled tomorrow. wait until you hear what our panel has to say about it. at&t is flat. blackberry up more than one%, nokia is up too. i show this competition that we talk about here. the it c senior mobil research analyst, they have all kinds of thoughts and christina has some intel about what the meeting is going to look like tomorrow. it will be made an and excitement. fox business will be there and i want to quickly mention men's shoes. what is that about? a new company called paul evans, start up nation story continuing and we have the two guys who co-founded this and are running this. they came from this and they said let's start our own company. we

liz: as sunni militants move closer toward iraq's capital of baghdad, just 40 miles away they are, oil tallied its biggest weekly gain entire year and settled at it highest price since september. adam: with iraqi security forces apparently unage to stop the -- unable to stop the militants offensive what is next for oil markets? joining us on the telephone legendary investor boone pickens, bp capital management chairman and ceo. for years and years you've called for the united states to have an effective energy policy and we still don't appear to have that or do we? >> they didn't pay any attention to me, did they? adam: doesn't appear they did. >> i mean you don't have a plan. no plan at all. i bet you could call washington and get somebody on the phone and say what is the projected production for iraq at the end of the year? they don't know what the hell you're talking about. it is four million barrels what is projected. today they're doing about three. the country is in a civil war. there is no question you're in a civil war. you are not going to have a chance to get to four million barrels by end of the year. 60%

liz: we look to close out this friday at least for a gain in today's session.ns me for what has been a amazing week. adam: it has been amazing week. vix went down today. volatility was not what it was earlier. nicole is on the floor of the new york stock exchange. nicole the pc names are leading the market this has to be a play on intel's good news as intel hit a 10-year high. >> absolutely, liz. that's what we saw. we saw intel jumping. it took hewlett-packard and others up along with it. all this was about pc demand. companies and people who use these things, still need pcs, not just smartphones and tablets t was a role back what happened to microsoft. intel benefits and rest of the group did as well. adam: enat the, what is captain kirk up to? priceline paying for open table. >> open table's stock was up 48% above the premium they paid. names in the group, groupon, grubhub, saw a jump. everybody wonders are they going to be taken over? liz: don't forget google bought the gap which in that space. retail is in play when it comes to chatter outperforming 20%. >

liz: good amp, everybody -- good afternoon, everybody, half of monday, i'm liz claman with one hour to go. a seventh straight gainow and the s&p is looking out of reach, but that is not stopping some major deals. first off, the the dow jones industrials, take a look, down 24 points, but low of the session, we had been down 51. as for the s&p, at its low down about four, right now down just about one of and a half points. now, on friday both of these indexes set new record intraday highs and closed at all-time highs. the biggest winner today of the s&p 500 is integra's energy group. shares of the utility company jumping 12%. why? well, there is word that wisconsin energy is going to buy it for more than $9 billion in cash, stock and debt. wisconsin energy pulling back just a bit, by 3.5%. that's not the only big money deal announced today. yes, it was a true merger monday today. oracle did confirm buying micro systems for $5.3 billion. micro makes hardware and software for travel and retail. looking at shares, it's moving higher by about three and a third %, oracle by three-quarters of attar. and general electric

liz: why? >> high dividend stocks turn your capital gains into income. you don't want to have to pay income on your feigns. you want capital gains so you extend them. high dividend-paying stocks don't have high expected returns. high expected returns come from micro cap stocks and high book to value market stocks. these things don't have hardly any dividends at all. as investor i want my rates of returns come from capital gains, not dividends. selling dividends is just a scheme. don't do it. david: i have to have bryan -- go ahead, bryan. >> i find it hard to believe you will talk to retiring baby boomer, talk to them solely about microcap, large stocks. they will not buy that. that is not appropriate investment strategy for that demographic. david: hey, scott, can you be a middleman here? chime in. >> you know i kind of agree with the last statement. it will be hard to sell that. you look at, i'm not a retiring baby boomer but i'm not so far away, and most of the guys back here. it will be hard to sell that at this point we're looking for just, you know

liz: vertex was the star of the day, david. did you see the gain? r one of its therapies. [closing bell ringing] >> cystic fibrosis. very expensive but $150,000 per -- liz: my goodness. david: unfortunately we're extending our losses into the end of the day trading. as you can see we're down on the dow 116 points. that may settle even lower than that the worst part of the trading was right at the end of the day. all indices are down. no index down further than the russell 2000, down a solid 1%. a very interesting trading day on a day when our own peter barnes spoke with charles plosser. a lot of that has to do with what moved markets. we'll tell you how as "after the bell" starts right now liz: the biggest drop for the dow jones industrials since may 20th, is how we close out action today but boy, was there action. we have royal oak group managing partner. matt will tell us why he is focusing now on peeli

liz: our power mover of the hour just keeps going, appropriate the word go in the name, gopro on the third day of trading, soaring, gainf 13%. that is in addition to two previous trading suggestions gopro began trading thursday at $24 a share, since then it has gained more than 65%. >> nasdaq chief executive indicateed he will stay with the stock exchange for nextly years, that judg just enough time to gm his likely successor, on friday, charlie gasparino broke details who that person is exclusive stkpwhraoe this waly.>> this is. biwe got a full write through on fox business. frceo of nasdaq said he set a 3 year time horizon to remain at the nasdaq as ceo. he is doing that, and going to leave as of right now to a woman named adina friedman, she was brought in by bob, a couple weeks ago she worked at carlyle group at cfo, here is what is interesting we understand if griefeld woup would have pickeda signed ceo -- a seasoned ceo he probably would have left earlier, he doesn't to do something different with his career. but because it is adina, and someone without ceo experience, he will remain there next 3 years, that is t

liz: okay. >> and a lot of these people have some substantial gains, and i believe what we're seeing today withse yields moving back up, bond and note marks moving back down, i think we just have some people taking it off the table. they don't lose the profits that they have built in. liz: well, they do. that's true. and there's money coming out of the energy complex, peter, except for crude oil. temperatures tick higher, i'm just wondering when gnat gas really rallies -- nat gas rallies. >> everything's been lackluster, and the biggest thing we're seeing right now is the option premiums in the wti and in the brent market are the lowest we've seen at these futures prices. liz: okay. tell people what they means, please. >> what that means is we've been sticking around 102.50, and i think we're going to do it for a little while. it's telling us the market is not going to move much. liz: great to see all of you, thanks. 47 minutes before the closing bell rings. got the talk about apple taking a swipe at google, and samsung appears to be distancing itself from google's super-successful android oper

liz: but will we continue to see gold rise or are these gains fleeting?ow, the world gold council's managing director of investment strategy. why do you think we've had a six session run on gold? >> i think there are two main factors here. i think the immediate factor that the dovish speech by chairwoman yellen last week is put into perspective with the gdp figure notice u.s. many investors i talk to think the think federal fund rate will not go as high as previously thought and bond yields continue to rally. they therefore think that is better for gold. the second factor since the tart start of the world the whole demand supply picture for gold improved significantly how bad it was last year. mine production is pretty flat. recycling has dropped. the demand is huge in india and china. that is pushing gold again. david: these two countries, india and china have extraordinary influence of price of gold. what percent of price of gold movement just these two countries have? >> absolutely. in terms of physical demand they're over 50% of the total global marke

liz: two big auto names. ford included. we have alan mulally on the show today, moving higher. david: look at all indices. we have pretty much even gains. we love when the small and mid-size stocks. we have favorite after on "after the bell." they did almost a full percentage point. a very healthy way to end the week. "after the bell" starts right now. liz: yes, that is record for the books. once again, david, the s&p and dow jones industrials. david: here we go again. it is an extraordinary day. let's go through all the market act shun with our guest. we have tom eye a coo chino. -- iaccino. we have tom frost. mike schumaker. ubs. and lindsey piegza. we haven't seen you in a long time. >> been a while, good to see you all. liz: tom, i want to start with you. we go to bob iaccino in the pits. record again low volatility. good jobs number. which one do you pick first to talk about? >> that is an interesting conundrum, isn't it? the jobs numbers pretty much in line. showing low volatility in the jobs number, aren't we? we're pretty much trudging along. i know analysts and strategists including myself are looking for a big letdown in the

liz: it is now appearing at least, sandy lincoln, that people are starting to believe it. but we've already had an unbelievable run of more than 100% gain s&p since 2009 and a 200% for the nasdaq, so is it too late? suddenly there's one bad headline, market goes south? >> from my point of view, i think the equity market is going to continue to do well here with the economy. i think we have a risk here as we turn into next year because i think we will be facing a fed that needs to start normalizing pile rates. but i think earnings are going to be solid, balanced income growth. i think there's still more to see in terms of returns on the equity market. liz: bruce, you just said more to see, that's certainly music to a lot of people's ears, but, again, they might not believe it n the economy. how strong is the economy? we got good durable goods numbers, decent retail sales numbers, but some of the ore data have been a little squirrely. >> well, i think we have a lot of questions that are still unanswered about how strong the economy can be. but i think the threat there's going to be something that's going to derail here is very much, i thi

liz: time for a look at today's market drivers. it turned out to be a mixed day on wall street with the nasdaq the only major index gains.oday, the top performers just like it has been over time, over the last six months. the sector finished the first half of the year up 16.5%. >>> the number of contracts to purchase previously owned u.s. homes jumped in may by the most in more than four years. it is called the pending home sales index. it climbed 6.1% in may after revived .5 of a increase in april. >>> gold tallies the biggest monthly gain since february. the precious metal rose 6.1% for the month. climbed 3% during the second quarter. david? david: the june jobs report coming out on thursday this week. while there has been slow improvement, the overall unemployment number there are only some new jobs that can be created when the economy is flat. it post ad 2.9% loss in the first quarter of this year. well our next guest says that the current economic doldrums are the unintended consequences of government programs meant to help those hurt most by the recession. he has come out with a new book entitled, the redistributio

liz: irrational exuberance or a new era for stocks? investors hope for yet another winning week with the dow and the s&p going for their sixth straight day of gainspite the chaos in iraq and the fed and the im, the cutting u.s. growth targets. is it safe to keep your money in stocks? one of the smartest investors around is here to guy guide you. >>> thinking outside the juice box. the green juice craze has millions guzzling it, but what to do when you're on the go. start-up aloha has the answer. the ceo and founder who sold his last company to ebay for 220 million here in a fox business exclusive to tell us how he's cashing in on green. >>> and what's up with hackers, yo? the brand new messaging yo app sensation falls victim to hack attack. and an elon musk impersonator reveals another security flaw. is yo finding life in the fast lane a little unsafe, and what do backers have to say thousand? "countdown to the closing bell" starts right now. ♪ ♪ liz: good afternoon, i'm liz claman. as we begin this last, all-important hour of trade, investors have everything to play for. another record for the s&p 500 is in sight, and both the s&p and the dow ar

gain a pathway to citizenship. and he's been in favor of the dream act, the kids act, and the liz act which all follow that definitionamnesty. in the primary for the last two weeks he said he's against that. >> you heard david brat talking to my colleague chuck todd, i believe this morning, before the stunning upset tonight in the seventh district where he has pulled off something no one has done since 1899. that is defeat the house majority leader, the sitting house majority leader, and he's done ittane primary and it's still unclear if that has ever been done in the history of the republic. david brat campaigning hard on immigration and taking a hard right stance on immigration against eric cantor, apparently successfully. 56% to 44% with 83% of presirngs reporting. joining me now to discuss this shocking news is steve kornacki, host of "up" and ari melber, host of "the cycle." here's what's amazing about that clip. it wasn't the senate bill that david brat was attacking eric cantor on. it was the fact he was the author of the principles. now, everyone who followed the immigration debate in congress understood the

liz: irrational exuberance or a new era for stocks? investors hope for yet another winning week with the dow and the s&p going for their sixth straight day of gains iraq and the fed and the im, the cutting u.s. growth targets. is it safe to keep your money in stocks? one of the smartest investors around is here to guy guide you. >>> thinking outside the juice box. the green juice craze has millions guzzling it, but what to do when you're on the go. start-up aloha has the answer. the ceo and founder who sold his last company to ebay for 220 million here in a fox business exclusive to tell us how he's cashing in on green. >>> and what's up with hackers, yo?

liz: happy friday. we have one more day of trade on monday for the month of june. here is how we finished up. dow jones industrials manage a gainasdaq it is up 18 points, not a bad day there. it is russell. that is rebalancing where fund managers decide which stocks they want to jettison from their fund and which ones they want to buy. you see a volume pickup. highest percentage gain, 3/4 is of 1%. david: "after the bell" starts right now.

liz: this from bloomberg news, they broke the news that the clintons have been avoiding taxes with the state, using trusts and things like capital gainsere saying we were dead broke, making an appeal to the middle class, not sure you can make these 1% moves and still appeal to the middle class. is this another gaffe on the part of the clintons? ensure appears that way. stuart: just like warren buffett. won't pay estate taxes on his $35 billion, no, he will give it to the bill and melinda gates foundation, give it to charity. liz: bill clinton vetoed an elimination of the estate tax in 2000, still wanted the estate tax and said it is your patriotic duty to pay taxes. again and again we see politicians raising taxes on everybody else but avoiding them in their personal lives and it really is not a great way to go. stuart: i can not spell it but i know hypocrisy when i see it. thanks. now this. the archbishop of canterbury says the rise of social media, facebook and twitter, killing quiet reflection and distorting discussions on complex subjects. sounds like what we have been hearing from our own favorite guy who puts people on the couch