through the course of the reporting we had a transcript of amex rod reeg -- alex rodriguez's hearinghen he challenged his suspension. under baseball's policy, if you take a medication that is banned but believe you have a medical reason to use it, you can ply to a doctor, explain your case and he can decide if they are allowed to use medication. in alex's case, he has permission, it was called the mother of all anabolic steroids. the doctor granted the prime ministers. alex had permission to use testosterone, way was amazing because 2007 is one of the best nears. he signed a contract. >> given that maimingor leek baseball approved this, why were there effort to take it under wraps. >> these exceptions were kept confidential. it didn't come out. interesting aspect of this testosterone exceptions are rare. a young man, 31 at the time. there's few reasons why he would need it'ses to ter own, unless he had been using perform ds in his career before that date. we know that that's the case with a-rod, because he tested positive in 2003 for steroids. for that reason, it's almost never happe

airways and amex lounges. delta now charges $29 per guest. $29 to get prepackaged cheese.now somebody they wanted to charge them, he said no way and turned around and walked out. >> most airports are putting decent restaurants, why would you spend $29 to go to a decent restaurant. there are good cards, make sure you have a card that has no foreign transaction fees, i know you're going to europe. so many people are. make sure you don't have foreign transaction fees. gerri: you mentioned the problem is with the airlines not the credit cards. united and delta, aren't those two airlines cutting back on what your rewards give you? >> exactly. the way that you get ahead of that. the airlines are requiring more and more miles for the same exact flight. earn more miles, and credit card sign-up bonuses are at all-time highs. >> i don't want that many cars. >> i have 25 cards. gerri: my goodness. >> you have to be smart, have a couple cards for different uses and have a lot of different options when it comes to redeem. gerri: is there another way to play the card game. i'm not going

revenue up 5% at amex meeting at $8.66 billion. that came to an investor group. >>> shares were initially lower after the report and there you see they closed at $91.71. >>> dow components posted quarterly profits that beat analysts predictions but both stocks went in opposite directions as the companies looked to find new areas of growth. meg terrell has more. >>> the country's two largest drug makers are gearing up for growth. both are facing generic competition to major medicines, merck lost a name of nasenex. the two drugs combined sales, more than $4 billion in 2014. >> both are facing patent losses and have a lot of legacy products doing pretty well that offset those patent losses, but really translating into pretty stagnant growth and that really sums up to leading to the question where is growth going to in the future and i think that's really depending on the pipeline for both of these companies. >> so what is coming up? for meark, investor attention is on cancer and hepatitis c. it's developing a drug that's under conside

in view of the pond able amex. here's the set up at 6:00.in to fade out during the night time. as schooling takes place. tomorrow morning will join the day with mixed sunshine. maybe a couple of sprinkles out west. we're done with the rain. we have a tropical storm sent to become a hurricane. only been 14 hurricanes this early in the season. we went back and looked. 34 of 64 years. about 53 percent of them have had a brainstorm this early in the season. just a little over half. it is not unheard of. see how it comes in here during the day tomorrow. it's it's right over us. the land regime is very light and continues on the fourth of july. this is late in the evening. the what is interesting is out west the wind is turning southerly on the backside. the north along upper wins tempering the cooler air and from canada become more zonal. look at the orientation of the jet carried the same pattern we've seen repeatedly. and a jet stream streaking through the area. here is the forecast on the cool air. the move ahead to friday and you concede that

reported earnings decent, but a cost down shift for the year and go with the higher end card like amex >> and gary b? >> it has to be sadder before i buy. >> and add some paris hilton it to? is. >> yes. >> and jonas? >> on the segment between hall and oates research on my phone, the little bit to be desired which is going to make my feed faster on this show, and the other networks are going to be hurt with the up limited data. and verizon up 10% over the year. >> and didn't they sing something like "maneater." >> and jonah is the only guy who admits to listening to hall and oates. >> i am embarrassed for him. >> and a national audience. >> neil, take it away. >>> lawmakers are ready to check out while the veterans are waiting for a simple checkup. welcome, everybody, i'm neil cavuto, and with congress packing the bags for the break, the fixes for v.a. have to wait until they come back from the bre break. that is true whether it is delayed care or no care, nobody in washington seems to care. and so now our panel joining us, and charlie gaspirino will be back next week. >> well, whatever

i have to get a new credit card, my amex is in there. called kathie ryan who helps me a lot. >> thanks, katherine. >> please go to the dressing room and see if it's in there. hoda, i walked into the dressing room, before i opened the door, said five hail marys and prayed to saint anthony i knew if i didn't find your wallet it was going to be my nightmare. >> that's the picture i took this morning of your dressing room. >> yeah. that's it. >> god bless kathie ryan. >> that's it. that's it. >> tell us what happened. >> anyway, she found it. she goes i opened up your smelly gym bag and underneath your shoes there it was. i'm so happy. she found it. thank you, kathie. >> how many -- how many segments have we had on how to organize your life. you have had -- >> was that my dressing room today? >> that was 15 minutes ago. >> oh. yeah. my shoes. okay. anyway. >> anyhow. >> talking about besties a couple besties you may or may not know about. leah remini and jennifer lopez are best friends. >> yeah. >> i find them so different. >> different. >>

. >> and i amex rick

amex, the great company that it is and will continue being, will have to face competition. >> so theyave to become more efficient. they have to restructure. >> yes, they definitely do have to be more efficient. with more cost-benefit for the population. the population sees more competition being generated. there is access to differentiated products that will be competing. this is a great advantage for the mexican population. this will also allow us to increase our energy security, especially in natural gas production. we know we have natural gas. we are self-sufficient in natural gas. we can supply household, national injury free. if we want to -- national industry. if we want to generate more jobs, we have to count on this energy. >> do you believe the scandal has affected this at all? ofthat was a private issue the supplying company. -- [indiscernible] doesn't directly involve the oil company. >> with respect to telecommunications, in restructuring telecommunications and creating more competition and relieving what some people believe is a monopolistic circumstance, you are taking o

. >> and i amex rick shaun in for jon scott. the u.s. response for the shocking shoot down and pointed demand for russian president putin and the concern over the continuing rocket barrage of hamas at israel. >> we have wendall goaler live in the white house and johnetty is in gaza. and steve, in the capitol of kiev, steve? >> reporter: jenna, the mood here in kiev is one of fury. they are calling it an act of terrorism and the sight of that plane crash 25 miles of the border from russia smoulderring and spread out over several miles. personal belongings and bodies and passports are littered everywhere. it is complicated to analyze what is happening. it is still an active war sight. russian rockets were fired in the air today. this will complicate the task for determining who is at fault. we have three different parties, the russian government and ukranian government and rebels. they are all pointing fingers at each other. the president obama is not giving russian direct responsibility for the takedown but samantha powers went further sa

in a town square not far from her home, amex and axel's mother dora agreed to meet me.he was wary of being overheard talking about the gangs and her sons. >> translation: i have to be very cautious to say what i'm about to say. there are some things you are not supposed to say, you join or are killed. boys as young as 12 or 15 had to leave. that's the only solution. >> reporter: axel is in the u.s. he may have to come home. he may be deported. what will happen to him if he has to come home? >> if he ended up here and didn't go back to the states, they'd kill them. that is what would happen. >> paul beban joins us in studio. are there any parts that feel safer than the oppression we feel in the piece? >> downtown is the commercial district and every established has a private armed security guard. neighbourhoods where families live, where people are unsafe where the gangs run rough shod over families and the communities and the young teen im boys, the prime victims for recruitment as targets for extortion or new gang members, they don't have a lot of options. >> how much

we had a transcript from amex's ash -- alex's arbitration hear and one of the amazing things it showed was that you know under baseball's policy if you take a medication that is banned but you believe you have a medical reason to use it you apply to a doctor appointed by the league and union, explain the case and he'll decide if you can use the medication. in alex's case he asked for permission to use testosterone which one baseball official called the mother of all anabolic steroids. the doctor granted the prime ministers. for the course -- permission. for the course of 2006 alex had permission to use the tess to ter open. in 2007 he won the mvp and signed a contact with the yankees for $275 mullion. >>> given that major league baseball approved this why the efforts to keep it under wraps? >> there's a confidentiality agreement between the youpion and league where these -- union and league where it was kept confidential. it didn't come out until alex's battle against the league. an interesting aspect it'ses to ter own exemptions are rare. a young man like alex 31 - there's few reasons

amex, card spending up 9%. card balances up 5%. >> i thought that was incredible.ast quarter, it was 6%. now 9%. 13% per share growth. it's a great blew -- blue-chip stock. it's going to be -- this stock is like a core holding financials. it's not hamstrung by the justice department. it's doing a great job. you mentioned amgen. amgen is interesting. the legacy products were really terrific. starting to see kick-in from that onyx merger. and a lot of people are getting excited about a bone cancer drug. numbers were up 34% for this bone cancer drug. this stock is going much higher. it pay join the group. >> david, what happened at sprint? >> listen, the metrics were less bad, perhaps, than some people anticipated. it doesn't sound so good and it's not that good. you mentioned the losses, of course. but the street was actually readying for what might have been even worse numbers, hence you see the stock is up a bit. the case, though, is all built on the idea that there is massive growth in ebitda coming down the road. once they get completely done with the network cha

most egregiously priced card from fees perspective, but compared to some cards issued by chase and amexnot a very good comparison. >> you and i talked about many times just how onerous those fees were. the site that hawks the card is still active. you can hear suze still pitching this card online. listen to this. >> you can always bank on me because i have your best interests at heart. gerri: how do you react to that today? the card pulled with no explanation. does suze have our breast interests at heart. >> i'm not sure. i actually went to the website as well tried to cling on the link that allows to you sign up the card and link was dead. looks like someone got to the website and actually killed the link where you could sign up and try to purchase one of the cards. i think one thing that everyone should understand is there is lot of due diligence needs to be done before buying any celebrity endorsed financial services product. the prepaid debit card has only financial services product with long list of a and b level celebrities chosen to associate themselves with them. you don't see t

you don't understand the amex of what is in play here.prised at good the markets of been doing. the backdrop is very loose global monetary policy. there is a drive to carry investors willing to put political risk of a back burner for now and just go for carrier. i think what we are seeing at the moment in russia is the change of direction over ukraine in the last six months. this is a major change in russia. view.e to change how we the west is going to change the way it relates to russia. i think that means the investing environment will be very different. it is not a great story anyway. even before the ukrainian experience, there was no growth and no real policy reform. putin has no ideas for the economy. that is why ukraine has been so important to him. that is in tatters now. unless he together, backs down the which would be a humiliating about turn for him and defeat in ukraine, which he will find difficult to face at home and they will face nor -- more sanctions. >> how gun shy is the financial system of russia? banks have learned th

picking up more than 400 million amex points after using his credit card to buy an ancient chinese ceramics worth of vouchers. your get more on those doors and the rest of today's news if you go on our website. business and market news 24 hours -- 24/seven. bloomberg news, check it out. indonesia have a smooth transition of power? the count nears its end. ♪ indonesian election in jakarta. taking a look first at incidents in ukraine. investigators looking at the wreckage of the down malaysia flight. heavily armed pro-russian separatists restricted their access to the area. the rebels also claim to have retrieved the black box flight recorders. the victims have been put in refrigerated trains thereby. the u.s. has circumstantial evidence that the plane was shot down by missiles provided by russia. >> it is time for russia to start -- to stop supporting terrorists. stop of that support, the effect will be a simple one. they will not have shells, bullets, tanks and missile systems. kids -- andn and kiev said that they had -- weapon canuarded reach 72,000 feet. the invasion of gaza has seen its

growth in amex out of italy and france -- growth dynamics out of italy and france that are concerningwe to qe? >> closer and closer, i am not sure we are there yet. 1 ore need .2 or . something. >> part of the challenge for the ecb is the nature of the eurozonet mechanism be has chosen for itself as this inflationary or deflationary. the idea of internal devaluation. that is a euphemism for deflation. if you going to keep the exchange rate of the periphery locked with the quark, you will have to reduce the real exchange rate to regain competitiveness by decreasing the price level. if that is what is happening, you need an offsetting symmetric response that his reflection a in the courre. this is not a new issue. we've been dancing around this for four years. happen, the ecb is going to be dragged, maybe not kicking and screaming, but gradually dragged further and further towards qe. it will delay as long as it can in the hope that the fed will build out by tightening. closerheading closer and ad the fed is probably still year or more away from actually the first rate hike. even when i

the trust fund balance to an amex is very different from the full security side. on the social security cyber you're relatively large buildup in the combined trust funds and a rather precipitous drop down projected in late 2020 s and really talk to thirties. and so the hospital insurance trust fund is different, starting out with a show a balance to begin with. it is going to have a shower of balance or years. you can have a slight nudge and it can cause that date to move by several years. again, it is the nature of the beast with insurance trust fund balances. we had a year recently. now we have one where it was four years for the route. all along the trustees methodology has been assuming a rather substantial slowdown. rehabilitant assuming that it inevitably has to occur. but does not mean the reality is : to be that much better than our projection methodology suggests. a means that our projection methodology is being validated as being somewhat realistic. we anticipated a slowdown in national of expenditure growth. on top of that we are assuming substantial sa

is all about those big banks, wells fargo, city, you also get merrill lynch, visa, amex, this will hopefullyarnings have been affected by the consumer confidence we have seen. obviously, the liquidity that is been out there, wages are bit flat but employment is on the way up. most people still believe this quarter's alts will be double-digit. that is why it was to be very much aimed towards the u.s.. yes, they get record highs and came back after last week. numbers are down after a four-month high. that is still growing. the s&p has yet to see on the futures market a 5% or more pullback. we haven't seen a contraction in two years. that is what we will be watching quite closely. >> before let you go, i have to ask for your thoughts on the boj and japan. boj will be an interesting one. at the moment, they're all very happy with how things are going. they haven't been concerned the tax increases. going see on a call level back ever so slightly last month. it will be interesting to see. i think at the moment they're fairly happy with the state of play. he was in the dollar yen hold. the nikkei w

pam amex has ways of dealing with this that are not necessarily open to the private sector. in areas, for example on the auth of mexico sure you have lot of community relations issues. i understand that there is one particular service contract that is operated where they have not in able to operate since the first day, you know? they have not been able to go at all. those are issues that will have to be dealt with, no doubt. >> maybe we can take a couple of questions starting with these here? >> i would like to pick up on something that was said and ask the doctor -- i know it was a question based on his experience, given that you have an entrenched yurok chrissie that is used to doing things in a certain way and now the rules are changing, it takes away a lot of their authority, power, do youlity, but also how think that transition is going to go and how long will it take before you reset the mindsets of these people that have in used to running things for so long? what is the impact of that on the retention of these mid-level and senior level it decade it is in those insti