expedia -- >> expedia is a lot of corporate business.edia has replaced a lot of the travel departments in the corporate world. and it's rather remarkable to see. you book yourself. you get the lowest price and expedia is working. >> and you know. of course, you also run -- >> i was at my inn checking in people. we have a lot of expedia. it continues to be a corporate inn and expedia, you come in the morning and you fire up the checkerboard and you see all of the rooms that expedia booked, you cut a check to expedia, they pay you. the skipping factor -- people who skip out. >> they just left without paying. >> can you believe it? can you believe it? >> that's terrible. awful. >> michael haily is in there making poached eggs. >> and they run out of you. >> not anymore, because expedia. >> expedia has changed my life. >> i want to see a picture of you with that bellhop hat? >> it's remarkable when you take those bags up two, three floors and you keep waiting and waiting. i tell you what, i don't think i have gotten more than $8 in tips. peo

trip adviser got punished for earnings shortfall which obviously got spun out of expedia and then expediaeported better than expected earnings and jumped 20% but based on the bearish power gauge rating i think the risk of a negative earnings support on priceline is too great. at a minimum i would be put on a volatility spread. i think this is a stock to be out of ahead of tuesday's earnings. >> interesting. thanks so much. >> pleasure. >> dr. j, you disagree with that? >> i'm noervous because i like his mettics of the market and he's dead on about expedia. priceline, i think that europe isn't as dead as people thought and booking.com's going to perform but like i say i take a harder since mark doesn't like it. >> final trades are up next on "halftime." okay, here's the plan. you have a plan? first we're gonna check our bags for free, thanks to our explorer card. then, the united club. my mother was so wrong about you. next, we get priority boarding on our flight i booked with miles. all because of the card. and me. okay, what's the plan? plan? mm-hmm. we're on vacation. this is no plan. r

from the travelocity guarantee to expedia's best price.o only, i'm looking for a bargain and a deal. >> obviously i care about the price because the cheaper it is, the better. >> but this new lawsuit claims you're wasting your time, accusing the biggest travel sites, the ones we all use, of conspiring with the country's most popular hotel chains to fix the prices of rooms so you can't get a lower rate online. attorney steve burman filed the suit on behalf of customers. >> this is the industry's dirties little secret, they are not offering a lower price, they are offering a fixed higher price. >> reporter: the lawsuit claims it's an anti-competitive scheme. instead of these websites having price wars, which is good for the consumer, they have all agreed to sell the same rooms at the same price. that way the sites don't undercut each other and they all profit. >> the winner herert internet travel companies and the losers are the consumers. >> reporter: here is an example. say i want to book a room at the san diego hotel. watch what happens w

a law sooult alleges web sites he like expedia conspired with major hotel chains to fix prices. they claim hotels set minimum rates to offer customers and major chains agreed to this out of fear of losing online travel business. there are none of those responded to the accusation. >> jet blue will have to pay for violating passenger bill of rights. regulations require airlines to inform passengers they can get off of a plane every 30 minutes when a flight is delayed. and this is designed to protect passengers from being stuck on delayed planes for hours. and regulators say a plane didn't leave for three hours. after boarding. >> and insurance industry is out and for the fourth straight year and the cars from model years 2006 and earlier. why? well, newer models have more affective antitheft features like smart keys making it tough to start without the key. some these days come equipped with tracking signals to help police find the stolen vehicle. it means that you don't much want to steal that vehicle. >> yeah. right. >> thank you. >> sure. >> and listen to this. nike about to d

expedia and marriott are named in a lawsuit accusing them of price fixing. they cut off business to smaller on-line retailers. >>> lowe's is having trouble building a profit, lowering its 2012 forecast. changes in merchandise and pricing are doing little to help lowe's keep up with home depot. >>> best buy has named a new ceo. yet, its stocks slid more than 10% as talks reportedly broke down between the electronics giant and its founder who wants to take the company private. >>> dreamworks animation is moving. the studio signed a new five-year distribution deal with 20th century fox, ending a six-year run at paramount. >>> proving the house doesn't always win, the new rebel casino in atlantic city needs a $100 million line of credit after losing $35 million since opening less than six months ago. >>> and, finally, the "wall street journal" reports nike will testle wallets of lebron james fans offering the new lebron x sneaker at a record $315 a pair. i don't know how that will go over in cleveland. >>> coming up, a costly error in extras, and golf's most exc

moving up to expedia's good earnings announcement.s to beat on eps and revenue soundly. i'm with guy, i would take a look but not jump on this number. >>> find out why it's outperforming stocks. let's find out why. welcome to the show. nice to have you on set. why the play for commeodities now? >> we think we're in a massive regime change and seen it for the last decades. we think we're hitting a wall everything from fertilizer to genetic energying, we have shortages, drought, land decreasing around the world and decreasing demand. we think the egg sector has legged and food could be the new distressed asset. >> we also have a global slowdown, right? that factors into commodities. >> it does and we're focusing more on supply and demand. the first eight decades, really demand was the price determinant and after 2008, we went back to old fundamentals of supply. we were hit with the drought and corn and actually zero carryout on our models this year, first time ever since the 1988 drought and even worse than that. >> your friend, steve w

. >>> expedia and marriott are among those named in a lawsuit, accusing them of price fixing on hoteloms. they allegedly cut off business to smaller online retailers. >>> lowe's is having trouble building a profit, lowering its 2012 forecast. changes in merchandise and pricing are doing little to help lowes keep up with home depot. >>> best buy has named the new ceo. stocks led more than 10% as talks reportedly broke down between the electronics giant and its founder, who wants to take the company private. >>> dream works animation is moving. the studio signed a new five-year distribution deal with 20th century fox, ending their s six-year run at paramount. >>> proving the house always may not win, the new rebel casino in atlantic city needs a $100 million line of credit after losing $35 million since opening less than six months ago. >>> finally, t"the wall street journal" says offering the new lebron x sneaker at a record $315 a pair. >>> coming up, a costly error in extras and golf's most exclusive club opens its doors. >>> plus, a hard hit knocks philadelphia's starting qb out of

when you look at the travel names right here, expedia is the one that is interesting.t is selg off today, in sympathy to what you're seeing with priceline. but yet the earnings from expedia were better when you valued them out against trip adviser and priceline itself. so you've got to stop pulling back to 55 here. i put a resting order in somewhere a little bit below 55. i myself might even get long. >> priceline was supposed to be resilient on its ability to sell hotel rooms around the world. but this is a surprise. >> i don't like trading the travel stocks. for me it's just the reason why when you look at these charts, they're extremely whippy. i feel as if i don't really have an edge when i'm trading them. and with everything that's going around in the global economy, i'd be a little wary of it to begin with. i'm looking for a sell-off in the markets. probably heading into year end. a lot of these high flyers are going to get even more taken out of them. >> i hope everybody noticed the move today in orbitz as well. guys throw up that board. big decline there in tho

among the major sites named, orbitz, travelocity, expedia and booking.com. the suit claims those web sites work with the big chains to set minimum prices for rooms saying there are guidelines from hotels that online retailers cannot sell rooms for less than the predetermined agreed-upon rate j that means that we pay higher price. that is why people care so much about these price fixing cases. >> the lawsuit filed on behalf of two travelers asking for an injunction to stop any alleged price fixing. >> it would be real nice to see actual evidence of that. i don't want my $400 room going for $75. i don't want to cheapen my brand. show me evidence of the collusive effect. without that, it ain't price fixing. >> in new york, david lee miller, fox news. >> so far, there is only reaction from marriott saying the lawsuit has no merit. >> very interesting stuff right there. >> let's switch gears to football. clinton portis back in the headlines. up next, we'll tell you why he will be back at redskins park tomorrow. >> stephen strasbourg and the nationals making it al

tripadvisor was the most visited website followed by expedia, southwest airlines, and priceline.com. virgin airlines wants to send space.o outer the carrier wants to reward the who racks up the most frequent flier points now to august 7. year. august 7 of next on virgin galactic is the prize. the starting price for a trip to on their shuttle is $200,000. that's business news at bloomberg headquarters in new york. for abc 7 reporting news. cool.ounds >> a little pricey. thank you. >> wants happening outside? >> look at this shot of the moon. is the blue moon and it's a full moon. blue?actually >> it is not. on very rare occasions it can but it looks more white. that's contrary to folklore. increasee of rain will weekend from 30% 40% on sunday and 50% on labor day. it because of the energy associated with isaac. degrees at reagan national, 64 in gaithersburg. 94 degrees today for the high temperature. bright sunshine and beautiful. a little hot and sticky. enjoy it while it lasts. on the weekend you will notice clouds building especially on sunday and. then the rain fall off and on sun

expedia starwood and marriott are among the travel sites and hotels accused of conspiring to fix pricinge plaintiffs say that there's the illusion that consumers can spend time researching oto rates online for deals ... and it's not the case ... one of the plaintiffs from chicago six a court order to stop this alleged price-fixing ... boston market restaurants are doing away with salt shakers at tables they are making plans to cut sodium levels and side dishes and rotisserie chicken over the next several months ... since 2008 triple a says that rising consumer confidence has 85% people traveling more labor day and that will be no exception this year ... stocks are trading lower right now and dusters... it is still tense with the european debt situation later: new findings about whether or not dense breast tissue affects a cancer diagnosis. and, bp is recalling gasoline sold in northwest indiana... after customers experienced problems with their car after filling up. and later: from pop to folk to opera... he sings in four languages... live music from nathan pacheco people have doubts abo

then you have expedia sought the job of 100 7%.rivate bank corporation up 100 9% hitting fed 2.5 year high. three and again very rich men who joins us now with a fox business exclusive. when we saw your company we thought it is not often you see this type of move. what is it about the underlying business? >> thank you for the opportunity to be here today. it is about building the business. the stock is up but we can control the business building relationships with commercial banking. cheryl: talk about it. you are big with commercial real-eate. what is moving through your books now? >> in reality we have of privately operated commercial bank. building a bank within the northwest -- midwest. 60% is privately held and operated loans which five years ago was 67% now down a 30%. it will grow with health the midwestern relationships. >> the way to do business but there are expensive is related to property foreclosures. was officially with you up the 59% year over year. do we see that type of job in the coming quarters? >> we have made g

expedia ... and an offshoot of priceline -- booking-dot-com.he lawsuit -- include marriott, hilton, sheraton and starwood hotels and resorts.the suit claims those websites worked with the big chains to set minimum prices for rooms. saying there are uidelines áfromá hotels -- that online retailers cannot sell rooms for less than the pre--etermined áagreed uponá rates.nicolazzi says: "and whattthat means for all of us is that we pay higher prices. and that's why people care so much about these price-fixing cases."zelin says: "it would be real nice toosee some actual evidence of that. / you know what? i don't want my $400 room going for 75 bucks. i don't wann to cheapen my brand. show me some evidence of thh collusive effect. without that, it ain't price fi" fixing." so far, there's only reaction from marriott -- saying the lawsuit has no merit.im carrie peirce nd thats your word on the web. 3 who holds the rrcord for depest voice? barry white? james earl jones? we'll tell you... next it's nice now, but the heat could return any day. we'll show yo

like expedia and orbitz told them, you'll never recoup an unsold room.ays like talking to a human being. >> i'll tell you what i know. when i book my next vacation, peter is going to book it for me. >> first you have to call me and have the conversation. >> i know peter greenberg. see where that gets you, charm i. >> thank you, peter. >>> every summer there's a retreat inviting veterans for r ♪ >> this week in nevada president obama accused governor mitt romney of planning education cuts to pay for tax cuts. but so far education has not been a dominant issue in the campaign. >> that's a problem for the american federation of teachers. the second largest teachers union. randi weingarten is with us. >> it's great to be with the two of you. >> tell pea what the debate ought to be in this campaign about education? >> so the debate ought to be about not the rhetorical we want to help all kids learn and achieve their potential. the debate ought to be about the house. for the last 30 years, every presidential candidate has said, of course, we want all kids to s

online sites, including expedia, orbit, priceline and travelocity are accused of making illegal deals with hotel chains hilton, marriott, starwood and trump to limit how much the rooms could be discounted. >>> a new list out today, one that you probably don't want your car to appear on. according to the national insurance crime bureau, the 1994 honda accord tops the list for the most stolen car for the fourth year in a row. the accord is followed closely by the 1998 civic. third is the 2006 ford f- series. >>> a federal judge in new york ruled today that poker is more of a game of skill than of chance and therefore it is not gambling. it may be welcome news for advocates who want online poker legalized. the ruling does not bar states from banning it. >>> state budget cuts are forcing one bay area county to consider layoffs and closing a courthouse. the proposal laid out today at a public meeting. >>> >>> about two dozen members of the group aboriginal men kept equipment from entering the site on silver avenue. the protesters say no bayview residents are working on the project. the sch

like expedia and orbitz told them, you'll never recoup an unsold room.ways like talking to a human being. >> i'll tell you what i know. when i book my next vacation, peter is going to book it for me. >> first you have to call me and have the conversation. >> i know peter greenberg. see where that gets you, charm i. >> thank you, peter. >>> every summer there's a retreat inviting veterans for okay, here's the plan. you have a plan? first we're gonna check our bags for free, thanks to our explorer card. then, the united club. my mother was so wrong about you. next, we get priority boarding on our flight i booked with miles. all because of the card. and me. okay, what's the plan? plan? mm-hmm. we're on vacation. this is no plan. really? [ male announcer ] the united mileageplus explorer card. the mileage card with special perks on united. ♪ >> this week in nevada president obama accused governor mitt romney of planning education cuts to pay for tax cuts. but so far education has not been a dominant issue in the campaign. >> that's a problem for the american

online sites, including expedia, orbit, priceline and travelocity are accused of making illegal dealsh hotel chains hilton, marriott, starwood and trump to limit how much the rooms could be discounted. >>> a new list out today, one that you probably don't want your car to appear on. according to the national insurance crime bureau, the 1994 honda accord tops the list for the most stolen car for the fourth year in a row. the accord is followed closely by the 1998 civic. third is the 2006 ford f- series. >>> a federal judge in new york ruled today that poker is more of a game of skill than of chance and therefore it is not gambling. it may be welcome news for advocates who want online poker legalized. the ruling does not bar states from banning it. >>> state budget cuts are forcing one bay area county to consider layoffs and closing a courthouse. the proposal laid out today at a public meeting. >>> plus, cool around the bay area. but is it going to change soon? our chief meteorologist bill martin has your complete bay area forecast. -what's up? i'm chris. -and i'm erik. both: we're the

and the nasdaq having the toughest time weighed down by drops in travel companies, priceline and expedia. orbitz in the mix, as well. let's get to mary thompson at the nyse. keeping the rally going but only by the skin of the teeth, right? >> we just turned negative on the dow. >> okay. no skin on the teeth. >> and actually, the s&p is now just holding right above that 1400 level. unl, it's interesting morning. concerns about europe weighed on the markets early on. the euro started to recover. hold on to some -- held on to decent gains and not a lot of conviction behind it as evidenced by the pullback we have seen so far today. again, the s&p of course closing above the 1400 mark as you see right there just barely holding on right now. quick check of some of the stocks we have been talking about, particularly the retailers because some of them -- sorry, the dow movers first. mcdonald's disappointing same store sales numbers and putting pressure on that stock and hewlett-packard with strength raising the third quarter outlook. those are some of the stories that play within the dow. also w

jack up prices customers pay actual among the major sites named in the lawsuit, orbitz, travelocity, expedia and booking.com. lodging named in the lawsuit include marriott, hilton, sheraton and starwood hotels and resorts. the suit claims those web sites work with the big chains to set minimum prices for rooms saying there are guide lines from hotels that online retails are cannot sell rooms for less than predetermined agreed-upon rates. >> what that means for all of us is that we pay higher price. that is why people care so much about the price fixing cases. >> reporter: the lawsuit filed on behalf of two traveler asking for an injunk to stop any alleged price fixing. >> it would be real nice to see some actual evidence of that. you know what? i don't want my $400 going for $75. i don't want to cheapen my brand. show me some evidence of the effect. without that, it ain't price fixing. the suit seeks money damages with interest. in new york, david lee miller, fox introduction. >> marriott is the first hotel chain to comment on the lawsuit saying it has no merit. >>> this has been credited wi

. >>> 12 sites like orbitz and expedia claims they can get you the best deals, but a new lawsuit claims they are ripping you off. >> plus two local neighborhoods hit hard by flooding this summer, what's being done to keep it from happening again next. >>> this is fox 5 news at 10:00. >>> think you're getting a great rate on that holt room? maybe not. a new lawsuit is shedding light on how those online sites choose their prices and shows they are actually in bed with the hotels. >> reporter: a lawsuit claims many popular travel websites illegally work with hotel companies to jack up prices customers pay. among the major sites named in the lawsuits, or birth, travelocity -- or its -- orbitz, travelocity and expedia.com. the suit claims those websites work with the big chains to set minimum prices for rooms saying there are guidelines for hotels that online retailers cannot sell them for less than the predetermined agreed upon rates. >> we all pay higher prices. >> reporter: the lawsuit filed on behalf of two travelers asking for an injunction to stop any alleged price fixing. >> it would

like a travel website like expedia. it will all be there. you can select your choices from that. make it a lot easier thans what what it is now. you might have heard about the penalty. do i have to pay a penalty if i don't buy insurance? in 262016 the penalty will be $6 5 a year or 2.5% of income which every is greater. you'll have financial hardship, religious reasons and whores went have to pay the penalty. so as health care reform moves from the supreme court to the court of public opinion will people buy insurance? will they be able to affordable? even with subsidizes. are the penalty strong enough to encourage people to buy insurance? you can imagine that people with a serious illness who haven't been able to buy insurance because they have been excluded, they'll be delighted the prospects so relieved. they'll be happy to buy it. other may differently. only the sick people enroll what's going to. to the proposal yums? -- premiums if you have only sick people they're going to go up higher. there's no enforcement of the penalty no liens on your property. even though we have co

expedia dropping 3%. >> this one is on the backs of basically priceline. and if you're thinking that global growth is going to continue to slow, then it's got to affect these high-flying travel names. i wouldn't be a buyer if you're tempted to buy it here. it's got to hold at 52.10 level. >> yahoo! dropping 6%. >> surprise surprise. the new ceo wants to hold on to some of that ali baba cash rather than just give it out to shareholders. very to believe the big hedge fund owners of the stock already knew that this might be a possibility. so maybe today is an overreaction. >> big lots dropping 6%. >> getting hit pretty hard right now on the jpmorgan downgrade, specifically and talking about moving that target to 41 to 34. the market contraction, all of the rest of it. i think at some point here, this is a pretty overreaction, i think there's going to be an opportunity almost at these levels presently. >> dr. j., cfn getting a nice pop today. take a look at what the stock move is. >> care fusion. >> it looks like it was going to break to a 52-week high. a lot

. >> expedia. >> expedia was better. >> s&p, do you think we're at the high end of the range?hese old resistant levels? >> i think if the transports have been stronger, joe, i would have gone with that. but the better tone is what moved us up here. i want to see how we act on priceline. when chipotle blew up, it took every growth stock down. >> yesterday, you know i like you when your hair gets a little bit longer. the last couple of days you probably have a cut scheduled, don't you? >> yeah, i do. >> you get this little sexy swirl on the right-hand side -- >> i'm doing it mostly for you. >> okay, good. >> i want to rekindle the fire from way back when. i know you always like the hair long. >> i can feel the fire. >> scheduled next week. >> thanks, guys. we'll see you in a few minutes. all right, jim. we'll see you in a few minutes. >>> coming up, some final thoughts from our guest host meredith whitney. we're going to queue her in the break. it's going to be good. >>> tomorrow, oliver sarkozy will join us on the health of financials. don't miss "squawk box." starting tomorrow

hotels in the midst of a lawsuit for allegedly conspiring with online travel site travelocity and expedia filed in california is claiming hotels fixed their prices because they did not want to lose the business brought in by the online travel sites. renewed optimism lifted the index to a 13 month high today. ashley webster watching the big decline in europe. after comments of the meeting coming up in trees, watching spain, watching italy. you need a chalkboard. >> exes and those all over the place with arrows. yesterday they really dampened the report that the european central bank would consider putting caps on the bond yield of the struggling countries. a british newspaper said in fact that is one of the options of the ecb considering but regardless of that, definite feeling the ecb when they meet on september 6 will take action. there's a lot of interesting side stories. finland foreign minister saying in a radio interview there are whispers in the hallways of the euro zone splitting up. the prime minister being backtracking all day, but it speaks to something out there that we already

including expedia. $3.50 that has not changed since the numbers came out and the model is different. i like this a lot. from where it is trading you have the key resistance point*. but so far they have not disappointed wall street. >> the packages now are building the corporate business as well. they stamped out a solid edge and they own hotels' stock. from the valuation point* of view, revenue is good good, everything that i look at that heritage is what i will say. there is margin compression, we take the match their word but the next time the stock could be on its way. >> seven time georgia france winner used performance and hand same drugs to cheat his way to the top according to the united states antidumping agency. he does not agree but we have the story. lori: looking at the dollar it is rebounding slightly but hiro is as high as we have seen it in a while. more after this. >> 23 past the hour. fox news minute. amana madoff last year shot and killed a former co-worker near the empire state building. jeffrey johnson died in a shootout with police. nine people were injured. some

so like a travel web site, like expedia, it will all be there. you can select your choices from that. make it a lot easier than what it is now. you might have heard about the penalty. gee, do i have to pay a penalty if i don't buy insurance? in 2016 the penalty will be $695 a year or 2.5% of income, whichever is greater, but there will be exemptions. you'll be exempt if you have financial hardship, for religious reasons and others who won't have to pay the penalty. so as health care reform moves from the supreme court to the court of public opinion, will people buy insurance? will they be able to afford it? even with subsidies? are the penalties strong enough to encourage people to buy insurance? you can imagine that people with a serious illness who haven't been able to buy insurance because they've been excluded, they'll be delighted the prospect, so relieved. they'll sleep better at night that they'll be able to have insurance, and they'll be happy to buy it. others may feel differently. and if the healthy people don't enroll and only the sick

example, imagine if you had to book a travel from new york to boston a flight and instead of going to expediawould have to go to each individual plane. >> each airline. >> and call each plane and they're all small planes and call each small plane to see if they have a seat and how inefficient that would be. you can't use the internet, you have to use the phone and that's what people were dealing with in health care beforehand and that's what we helped solve. >> cyrus thank you for coming in today. >> thank you for having me. >> interesting story. >>> coming up, stocks on the move ahead of the trading day, we'll head down to the new york stock exchange for the latest buzz on wall street. [ male announcer ] it's a golden opportunity to experience the ultimate expression of power... control. [ engine revs ] during the golden opportunity sales event, get great values on some of our newest models. this is the pursuit of perfection. >>> welcome back to "squawk box." the futures open up down 0. let's get down to the new york stock exchange. jim cramer joins us. hey, jim, have you been listening to j

if a hotel sell as room through expedia or priceline or hotwire, what do you say?om up but we'd much better do it ourselves. we're saying we can sell rooms for your you you can't sell or if you couldn't have sold them yourself, you can close out the inventory on hotel tonight. from that perspective, it's a lot more aligned, much more competitive. >> thank you very much. the ceo of hotel tonight. >> the market continues to add to the losses here. down some 120 points. we wonder if ben bernanke they' send a message to ben bernanke. >> keep an eye on the maria to s on the euro to see if that is, in fact, what's coming up. a live report from jackson hole as he mentioned. is it what the markets want to hear, especially given the latest action. we'll be back in two. at onsxpeate easy-to-use, powerful trading tools for all. like our all-in-one trade ticket. we put strategies, chains and positions all on one screen. start trading today with optionsxpress by charles schwab. >>> one of the world's most media capitals, on the latest $5 will get you d latest platinum record or