in collaboration with "businessweek", kelly cobiella investigates one of the top five most complainedbout companies. >> reporter: you've probably seen to adds. >> you're adding years to your life! >> reporter: they're the latest miracle supplement. acai berry, colon cleansers, promising to make you feel better, look better, live better with news reports that seem to back up the chraupls. >> my wife thought it would help with the weight. we're hoping to try things, nutritional supplements and things like that. >> reporter: john lawless says the news reports helped sway him and the price was right. 99 cents for a trial offer of this bottle. but instead of one bottle he was sent three then charged $87 for each one. >> you have reach customer support. >> reporter: when he called the company he was told the trial offer automatically turned into a monthly subscription after 15 days. it was all, the company said, in the fine print. >> it must be very fine print. >> reporter: you felt you had been scamd? >> to put it mildly. >> the scam is once they have the credit card number they proceed fr

i wrote the story for businessweek. and was just really fascinated by it and continue to be fascinated and followed the story, but for a while didn't really do a whole lot with it. i moved out here. i became the silicon valley bureau chief. i was covering ebay and yahoo. there were other things happening in my life, but then i read a book that you probably are familiar with called seabiscuit. it's a great story about an underdog horse who comes from nothing and and wins it all. it's a wonderful sort of unexpected surprise story, but what it also is, it's a great lesson in history. you learn about how jockeys live. you learn about the history of horse racing. to learn about all kinds of things above and beyond the story itself. and when i read that book, a lightbulb went off in my head. and i thought that's what i want to do with smirnov. so that's kind of how i got started on all of this. and i would like to read a very short passage for you from the book that i think will demonstrate to you what a surprising like this

i canceled my subscription personally, no offense, businessweek, it was not timely anymore. it's not a timely -- >> they don't feature like a "fast money" recap in businessweek otherwise -- >> the interesting thing about mcgraw-hill, their bond rating business, which is under a little bit of pressure. >> right. textbooks may be looking good. >> under a little bit of pressure, as well. anyway, moving on. >> moving on here. time now for your earnings edge. today's surge by goldman led a financial-fuelled market rally, but will tomorrow's earnings report send goldman back to earth. joining us on the fast line, institutional risk to break down one of the biggest names. chris, great to have you with us. you're expecting goldman to meet or beat expectations given the run-ups on the backs of other upgrades out there. what would you recommend people do with the stock? >> i think they're going to perform well for the balance of the year. if you had an opportunity to invest a fund that had access to the discount window, subsidies, and you had ben bernanke and tim geithner as your lobb

he is investigator reporter or "businessweek" whe specialty is cber security. good to you havback. >> good toe here. >> how c we be sure that the north koreans are the ones behind these cybertacks? is. >> well, we can't know for sure, at least n fom the evidence thus so far presented that we have. the sout koreans, of course, blame pyongyang. the south koreans bla pygyang for a lot of things. we'll needee some idence. >> andow cncerned should we be that some of the websites tt were hit, i understand, include the u.s.reasury department, the secret svice, federalrade commission, and the transportationdepartment. they were all down, at least one time or another, during the july 4tholiday weekend. >> the truth is, martin, not very. these attacks appearo have een, barring some psentation new evidence, e old-style pranksterish, so-cled denl of servic attacks. in which can, in which e perpetrars, usually hackers, often in the pa teenagers, targetertain sysms and flood them. flood them with flood these sitewith so much traffic that the sitesan't temporarly functn. >> s

he is an investigative reporter for "businessweek" whose specialty is cybersecurity.ood to you have back. >> good to be here. >> how can we be sure that the north koreans are the ones behind these cyberattacks? >> well, we can't know for sure, at least not from the evidence thus so f that we have. the south koreans, of course, blame pyongyang. the south koreans blame pyongyang for a lot of things. so we'll need see some evidence. >> and how concerned should we be that some of the websites that were hit, i understand, include the u.s. treasury department, the secret service, federal trade commission, and the transportation department. they were all down, at least one time or another, during the july 4th holiday weekend. >> the truth is, martin, not very. these attacks appear to have been, barring some presentation of new evidence, the old-style pranksterish, so-called denial of service attacks. in which -- in which the perpetrators, usually hackers, often in the past teenagers, target certain systems and flood them. flood them with -- flood these sites with so much tra

. >> that was always my problem with colleagues at "businessweek," they always said there ought to beaw. greg, there shouldn't be a law on this. >> i have date of angle. i beat lot of bernie madoff's people would like him to be investigated. sometimes you need a priva private -- to do diligence. if you're doing trading, insider trading blackmail situation, we need to know that if we're on the board or shareholder. they went past that and shared shareholders information, they went past that because that's already against the law. >> this next person, on her my space page calls herself rocket scientist by day and partier by night. she got caught stealing $110,000 with a fake atm card. i call this one underplayed. i'm extremely impressed someone could have had 110,000 fleeced from them and not realized it until later. >> what interested me about this story is what a hero this woman has become on blogs. people are saying what you are, this guy had 110,000 taken, good for her, shop, baby shop. >> more evidence bloggers are just fools. >> what i like on this one, she told police i had to st

that's because "businessweek"'s advertising revenues have been plummeting.de open gate capital which bought "tv guide" for a dollar. gretchen: liz cheney, former state department official and daughter of former vice president dick cheney says she's seriously considering a run for political office. she's been a strong defender of the bush administration's policies, and she joined us earlier on the show, and had this to say about the secret intelligence programs started by the bush administration that have been canceled by leon panetta. >> the particular set of activities they're talking about never rose to the level of a program that had to be briefed, but that particular set of activities that we're learning about how to do with capturing and killing al-qaeda leaders. gretchen: mrs. cheney does say that her immediate interests are raising her five children and helping her father write his memoirs. steve: it has been called terror high. a saudi school in virginia, in fairfax county, just outside washington, now looking to expand, but critics say it is actuall

there was an interesting article on businessweek this weekend that the baby boomers are basically cheap when it comes to capital expenditures. that's why they have to save more money for the health. that's why i think that's a nice place to be. >> so you like life sciences. you like i would imagine things like medical devices. what about looking outside of the united states? what are your favorite sectors there? >> looking outside of the united states, there's a lot of good places outside of the united states as well. for example, i like motor in japan. also c.j. corps in korea. that's one i like. in the biotech space, these equities are basically priced like cheap call options. that's where i could pick up equity if things cool down. there is no obama interference or political interference that might happen. we've seen a move in these names on an earnings estimate basis from being undervalued to a premium valuation. wait for a cooldown and then i think you're going to make some pretty nice picks in that environment. >> i want to go back to notes you wrote about the consumer not being h

in an interview with "businessweek" the president says those seem to forget it was three or four months ago when at great political expense we yanked them out of the fire. so is he or isn't he? let's fire up the power grid with democratic strategist julie raginski and j.d. hayworth. congressman, we start with you. do you think he's anti-business? >> well, by his standards, he wants government to take over a huge part of business. no, asking if president obama is anti-business is like asking gee, is it hot in the arizona desert in late july. the answer is, of course! the guy is anti-business. he is all about using business to grow government. >> julie? you get 20 seconds to counter that. >> i'm sorry to say that the congressman hasn't given any specifics as to why he thinks president obama is anti-business. i will say he has gone above and beyond helping wall street recover, and we have seen the results in the last two weeks the market going up and up and up, and i think trying to bring us back, a rational profit motive and not just to make sure people make a ton of money. >> j.d., befor

want with it skinining the conversatition stephen a..smith, jonathan is he, robin farzad f for "businessweek."" how goes it? also jonathan. it goes wellll. it goes wel. therers s a t oftalk about whatt happened t tthth cars, how t ti hahaenened the union screreweititupup, t t pociciescrewed it up,p, efcicicy standards,hehey made too many suvs. atat t e endf the day, isn't't management's's rpopoibility, bin, to make gogood dealsitith labor?r? isn't it management's responsisibitytyo anantipapate future marketcocoitions and put cars int the pipeline that t th ople will want? ultimately, are wewe n looking at a flure of american management morore anan athing elsesehehen look at these car compmpans?s? for all t the guilty parties that may bennthis aal, are we t uimimaty vingax dollars totoyy a this company ememgeges om bankruptcy, o our neney, same as w did with citigroup p anbabank to aarar coany that isunun poorly a ca comomninieshat have been nn ororlybasically since the 1970s? >> llll, you're bining time for payroll. that's whathis is. this i is >> with taxpayay d dolrs. >> with tataxpereroll

he is going to the town of show mark deemed the most expensive small-town and all of america by businessweekell you from having recently visited martha's vineyard, the islanders are not pleased about this development because this is a tiny little island. it's very remote and the idea that this entourage, this presidential entourage is moving in, everybody is holding their breath because they know there'll be traffic on a remote little island. >> clayton: the president can do whatever he wants for his vacation. he is spending of his own money but arguably the taxpayers pay his salary, but why not go to a small town they could use the boon of light tourism. she won the lucky? the government -- the government suggested we go to bloc in st. louis on vacation baby they should go to the lucky. >> clayton: people would come out and support local restaurants. just an idea. i don't know. there's a little bed and breakfast in des moines that they could go visit. >> alysin: i've been there. >> dave: this next tour is interesting. we have some of the craziest responses, craziest answers and questions ev

great story in "rolling stone" this week also in "businessweek."ade an awful lot in the quarter. >> thanks. >> sure. >>> president obama takes on a new challenge tonight. he's going to throw out the first pitch in major league baseball's all star game in st. louis and going to join joe buck for a little bit of a play by play. and that has "late night's" david letterman a little nervous. >> he's going to be working in the broadcast booth during the all star game. everybody says that's cute. let me tell you something, you know the economy is bad -- when the president has to take a second gig. that's not a good sign. >> i think if he's a good pitcher, it'll pay more than his first gig too. 23 minutes after the hour. taking its rightful place in a long line of amazing performance machines. this is the new e-coupe. this is mercedes-benz. >>> 25 1/2 minutes after the hour. a florida doctor has opened a clinic in the dominican republic where he claims to be saving lives using controversial stem cell therapies. a few weeks ago, cnn's reporting on americans

. >> "businessweek," i think. >> what about "the globe"? will it be cheaper to buy the "boston globe" or buy a newspaper on the stand? >> probably still newsstand. newsstand price. >> okay. let's go through the papers, willie. >> let's look at the "wall street journal." obama backed taxes because he's pushing through this. i don't know if it's going to make it but he wants to tax people making over $1 million. lots of luck. >> that ain't happening. "washington post" obama seeks to calm fears on health reforms. we'll have david ignatius on later on the show not to talk about that but he'll be here. "l.a. times," united states man fought for al qaeda abroad. this is in a lot of the papers this morning. the long island man captured in pakistan pled guilty to terror charges and is now getting investigators inside information. i wonder how they're getting it. "houston chronicle" -- >> asking nicely, feds raid local office of michael jackson's doctor. okay, what else? manslaughter. mike barnicle has something good. >> terrific picture on the fron