greg fleming: what happens in any industry. when returns are challenged and the growth trajectory is changed, there will be restructuring. it will look different 5 to 10 years from now than they do today. you look at the transfer from research and motion from the blackberry to apple. in apple the growth rate may be slowing. anthony: are the profits gone? greg fleming: they are not gone but the trajectory of the growth curve is done. and they have to readjust. anthony: focus on efficient use of capital and generating returns on capital of 20-30 percent which existed for a long time is not there. gary: you brought the financial industry back and did it well as much as you can in this environment. where do you see your next move? do you see yourself going back to a big bank? greg fleming: the need for leadership, strategic thinking and execution has never been higher. people in many different places as this industry unfolds -- i'm working in a deliberate methodical fashion because i'm working with an industry that's doing several

greg fleming: what happens in any industry.n returns are challenged and the growth trajectory is changed, there will be restructuring. it will look different 5 to 10 years from now than they do today. you look at the transfer from research and motion from the blackberry to apple. in apple the growth rate may be slowing. anthony: are the profits gone? greg fleming: they are not gone but the trajectory of the growth curve is done. and they have to readjust. anthony: focus on efficient use of capital and generating returns on capital of 20-30 percent which existed for a long time is not there. gary: you brought the financial industry back and did it well as much as you can in this environment. where do you see your next move? do you see yourself going back to a big bank? greg fleming: the need for leadership, strategic thinking and execution has never been higher. people in many different places as this industry unfolds -- i'm working in a deliberate methodical fashion because i'm working with an industry that's doing several thin

he is close friends with greg fleming, former head of management at morgan stanley. uld see him doing something with greg. liz: you're on the right track. i think a-rod bringing in other players with a lot of money don't know how to use it, they might trust him. this wouldn't be him managing other people's money? >> no, i don't think so. i think is is more like kind of an act kest. that is what he and wayne kchr-ebet are doing. a-rod not having a good year. clearly who knows. 1 1/2 years out of the contract. the contract ends at 2017. this isn't a bad time to be snooping around to see what is out there. he and montag, not like he was meeting with a low-level guy. tom montag runs basically the bank. he runs brokers division. this is what happened. it is exclusive to fox business and on foxbusiness.com right now. liz: see if he adds to 695 home runs with a job offer from bank of america. >> bayer and monsanto, you and i kicked rear end on this. liz: megamerger, is it happening? >> liz and i were saying monsanto expected up offer, offer slightly higher than it is now and

get to this, with the financials showing real leadership at this hour, one of the top bankers, greg fleming, formerly morgan stanley will speak out in an exclusive interview on "wall street week" here on fox business at 8:00 p.m. and "stossel" every friday at 9:00 p.m. eastern. >>> cannot ignore the fact the jobs report absolutely stellar for the month of june. 287,000 jobs created with lion's share from leisure and hospitality. construction jobs were flat but the unemployment rate ticked up to 4.9%. the dow is charging higher by 253 points. but one report does not a trend make, we know that. let's bring in u.s. labor secretary tom perez. welcome, secretary, before we get to the numbers, i'd be remiss if we didn't ask but your thoughts on this very tough day in american history? >> my heart breaks for the families. my heart breaks for the community. my heart breaks for the nation. we've seen this all too frequently. and we need to come together as a nation. we need to make sure we don't simply talk about this but act to build an america. we're all in this together. but my thoughts right now