jo ling: that's what we have, right?hich have the hope, they're trying to make, google wallet increase and presence a little bit. google shopping is innovative. so what do you think? >> i mean google wallet tried and failed self times i think maybe with the iphone 6 and talking about earlier with mobile payments and that space, if they add as rumored, maybe google wallet will take off as they expect that. >> take off, yeah. writer in me. dropping puns. jo ling: lance, there is lot of moon shot projects with larry page ceo trying to make these big high value projects happen. that has been sort of a google type offshoot, right? >> all sergey. sergey brin, this is hiss baby. he has the car and solar power and google glass. they bought up a ton of robotics properties. like the skunk works and they are driving this forward and they have the money and they have got the tile and making all of these bets but we always look at what is coming to market? what is going to become real? google glass is exciting project but what we're

thank you, jo ling kent. crunch the numbers some stocks seem to have rosier outlook than others. we have three names with big increases in earnings estimates next. liz: if you want to be successful when it comes to your invests you may need to follow in footsteps of women financial advisors. what sets women apart in the way they invest and what can you learn to make better financial decisions? david: as we celebrate the life of icahn robin williams. we'll talk to a man who worked closely with him on one of his last films. that is coming up. ♪ so ally bank really has no hidden fees on savings accounts? that's right. it's just that i'm worried about you know "hidden things..." ok, why's that? no hidden fees, from the bank where no branches equals great rates. and cialis for daily use helps you be ready anytime the moment is right. cialis is also the only daily ed tablet approved to treat symptoms of bph, like needing to go frequently. tell your doctor about all your medical conditions and medicines, and ask if

jo ling kent on that story, you are going want to hear what she has to say. (trader vo) i search. i research. i dig. and dig some more. because, for me, the challenge of the search... is almost as exciting as the thrill of the find. (announcer) at scottrade, we share your passion for trading. that's why we rebuilt scottrade elite from the ground up - including a proprietary momentum indicator that makes researching sectors and industries even easier. because at scottrade, our passion is to power yours. adam: we have 24 minutes until the closing bell. plenty of stocks in the green, pfizer, at&t, even mcdonald's put burger king news back page, now mcdonald's gaining today. look at some of the losers on the dow 30). jpmorgan chase, fbi probing a possible computer hacking incident. nicole petallides at the new york stock exchange with details of other issues that are moving. nicole: that is right, adam. talk about consumers, some of the retailers have been pulling through this earnings season, others not so much. let's look at a real winner on wall street, express. up 12.6%, as he can

fox business's jo ling kent joins me. what is the holdup? >> there is display manufacturing issue.he hard glass they want to create will be wider and thinner. apparently it wasn't lighting up enough. so they had to go back to the drawing board to redesign it. there was a delay from june to july. the good news for all those waiting on that september 9th supposed date for the iphone launch, everything is back up to speed ride now. we're watching how this is going to affect the stock of course. and the issue is how many iphones can they produce if they're behind. if they go on sale, sometime in september and fewer of then, you will see a bigger crunch for holiday season. i know a lot of people are excited about these phones. gerri: a lot of people are watching, waiting to see what it looks like. have they had delays like this before or no? >> they have actually had delays kind of like this before and ceo tim cook came before and said don't panic. one data point. it is long process making the iphone. he has to say something like that. you don't want to get shareholders an investors all

jo ling kent will show you the math. billion industry, the founder of new york city largest tech startup joining us for exclusive conversation on the companies

jo ling kent has been looking through it for more details. what have you found, jo?'s right, david. we're looking at all the different colorful facts here. sales are rebounding $2.8 billion in net sales. that is a slight beat for jcpenney. what is so interesting here, comp same-store sales, 6% up. that is beating expectations ever so slightly. we looked at online sales. 16.7% increase there. that is definitely a bright spot for jcpenney which report ad loss of 75 cents a share. is a fora is doing very well inside of jcpenney according to the leadership there. they say this kind of division of the store actually working well for them. some of the top performing sectors inside the store, women and men's apparel and accessories are doing well. home and fine jewelry as well. of course as we talked about with liz earlier, those gross margins are up 640 basis points, 36% is the number we're guesting, guys. david: jo, thank you very much. liz: speaking of retailers, nordstrom just reporting earnings moments ago. david: let's head to nicole petallides on floor of new york st

jo ling kent has the answer. she is with us now. so what do you think, jo?ne-on-one race, right? apple versus samsung. >> that's the thing. apple's ipad sales actually declined like we said about 9%. but tim cook the ceo is saying that actually isn't such a big deal. this is what he told recode here. i call what is going on a speed bump and i see that in every category. this larger ipad could be strategy for them to collaborate with the new partnership with ibm. would come out in early gift fifth. that is something to watch -- exist fifth. the decline -- 2015 people less likely to replace tablets on a very quick basis. show you ipad quarterly sales. $5.9 billion. that is equivalent to the revenue in the last quarter of tesla, linkedin, facebook, twitter, groupon, yahoo!. dierdre: those are great stats, actually. >> that is fascinating, right? adam: what about this? we keep waiting for apple to innovate. rumors about iwatch might get pretty soon. aren't they late to the game? there are a couple of them on market. >> that happened with the tablet as well. it w

liz: jo ling kent. of americans on social security disability payments has skyrocketed to 11 million people. that more people than there are in sweden. many americans on disability could hold on to a job but they are wary of losing their government benefits. that is why they stay on it. that's why congress instituted so-called ticket to work program for those on disability who are capable of getting back to work but so far, there are not many takers. joseph lawler, economics writer for the washington "washington " looking into this program. good to see you again. welcome. does anyone know exactly how many of those 11 million people on disability could work if they wanted to? >> no, they don't know that. david: there must be estimates though, right? >> i'm sure that there are estimates. i don't have those off the top of my head. probably a pretty significant number. you know, i think, that, there is probably, you can look at their injuries. look at their disabilities, say, someone with, for instance a ba

jo ling kent is here. apparently agrees that we should all control our homes from the internet. >> i think it is a very interesting proposition. they are all partnering. they are all acquiring these big companies. they raise more than a million dollars. stuart: now two belgian dollars buys them out. >> that is exactly correct. >> may be turning up the heat a little bit in the winter. there are a lot of concerns. i like and on off switch. so many times when it goes down, then what do you do? >> you probably need an extra backup. stuart: do not get sarcastic with me. this is a big deal. charles: i was there when they went from that advocates to the laptop. stuart: jo ling kent, thank you so much. sunscreen. we are years behind them on the issue of sunscreen. yes, it is friday. we will have this next hour. new headphones from intel. that is wearable technology. ♪ hard it can be...how ...to breathe with copd? it can feel like this. copd includes chronic bronchitis and emphysema. spiriva is a once-daily inhaled

fox business's jo ling kent has all the details from the newsroom. jo? >> hey, nicole. amazon launched their local register. it is $10 credit card reader that plugs into phones and tablets and hooks up with businesses with the amazon app for business. like in most other areas amazon is undercutting competition with 1.57% per swipe card fee until 2016 if customers register before 31st of october. otherwise 2.5% on fee with all transactions. compare that to square's 2.57 flat rate. paypal's 27.7%. -- 2.7%. intuit, go payment, 2.7% if you don't pay their monthly fee. the device works on apple and android devices and kindle fire but ironically not on the amazon fire phone which came utterlier this year. amazon will collect all interesting new information, from these users. so let's take a look at the amazon chart one more time. shares were up nicely today as you mentioned, but year-to-date amazon is down more than 19%. sampson -- amazon posted 126 million-dollar net loss in the recent quarter. they're still very much hurting nicole. nicole: seems like the wave of the future

jo ling kent. jack hough is with us and the official of ceo of dinah link communications.arry, does that valuation seem fair to you, 850 million? what do you think? who knows. >> who knows because it's a private company. we don't know exactly what the numbers are but content is king. we're seeing the truth this year with content distribution, everything going to all the devices. the question is i see they're looking to make their own content which will be very interesting. this looks like it could be part of a bubble we're heading into content. this is right content but this could be bubble stuff. melissa: interesting, because buzzfeed is very catchy. it is catchy. it is a stand-up. they say their technology is technology, what they better understand than anybody else is how to deliver and that is -- do you believe that? >> very rapid. it is very interactive. they do it better in terms of vision all standpoint than other sites but going back to original content, they do original reporting in retail sectors and bunch of other places. we can see pretty decent offerings. >> i

we have rob enderle and jo ling kent and dan schaefer back as well. , do you believe these apps. >> this is concerning because we see a lot of apathy. melissa: i like that. >> look where the ceiling could be, there is a couple interesting things to point out. apathy to apps is probably increasing according to deloitte because apps are getting better and happier with them. so less likely to download something new. plus you also have the average age of an individual with smartphone like this, increasing in fact. you have older people getting smartphones. they're much more interested in just texting and calling. so that means they're not downloading apps. that bringing the average down according to deloitte. melissa: rob, this makes sense to me. there is always a free app. why would i pay for one? that is what they talk about, people don't want to pay for apps. why would i pay for something. >> certainly that is is part of it. we saw the same pattern with pc's came to market. at very beginning there were lots and lots of apps, over the years they dropped

here with how their doing it is jo ling kent. >> walmart is getting awfully personal, personalizing theirpping e appearance online by -- experience on lie by showing shoppers products you might like based on past purchase. local weather and even community events walk onto their page. trying to chip away at rival amazon as its own u.s. division has seen pretty disappointing sales for five straight quarters at stores opened at least a year. look, walmart has a long way to go. online sales are only a fraction of its annual revenue while as you look at amazon, we generate near -- they generate nearly $61 billion of business. walmart.com is testing a quicker checkout process, reducing the number of pages you need to click through to buy a product from six down to one. but, gerri, it sounds an awful lot like that amazon one-click. gerri: and if you could tell me just a little bit about other ways that our perm information might be -- personal information might be compromised here. >> yeah. that's always something you need to watch when you're logging into any site. when you use amazon, they do

jo ling kent, thanks as always, joining us there. that is it for "risk & reward." thankthank you for joining us. "money" starts now. cheryl, what do you have coming up? cheryl: how good do americans feel about the economy or how bad. that is what we'll talk about. thank you very much. the president keeps saying the economy is getting better. good luke convincing americans. the new reading how bad it feels for most. the date officially set but apple's big party is already crashed. the guy that started it all sees failure for apple's near future. >>> scrambling to get them in the seats. we told you about the nfl's plans to entice cheerleaders back in. charlie gasparino was excited about that. is this just the beginning? we'll revisit story. >>> $10,000 purchase that has you make a run for the border every single day. even when they say it's not, it is always about money. cheryl: the latest reading on u.s. economic growth coming in better than expected in the second quarter. seems most americans are just not feeling it. according to new survey from rutgers university,

ii want to get to jo ling kent t the moment. the stock is sort of even here. >> we're watching cisco earnings, a beat on revenue coming in 12.4 billion doll on the street estimate of 1.4 billion. street estimate was 55 cents, beat the street estimate of 53 cents. john chambers saying they're executing well in a tough environment. they're trying to deliver their best earnings per share. they said, this non-gaap earnings per share this quarter is the before the in their history. liz, back to you. liz: cash dividend of 19 cents a share. best quarter in history, i would say that is pretty good. the stock is closing higher. closed at $25.20. the bid is $25.61. tomorrow on "after the bell," joining news best on fox business interview. we'll ask him every single thing about the report, folks. it's a bellwether. it's a dow component and it is a companywidely held. david: david, i want to go to you to talk about emerging markets. because you are an emerging markets guy. there is some talk that china may be looking to do something extraor

joining us with details, jo ling kent.ls. >> 24-year-old ceo evan spiegel may ask the most important question about snapchat, how is it ever going to make money? they plan to launch snapchat discovery in november. according to "wall street journal" this would show news content and ads what comscore say are 27 million users amount dozen tv companies and networks like the newspapers like "the daily mail" are being pursued by snapchat to provide this content. imagine, that disappearing news reports. this is the first time snapchat would roll out paid content of any kind. companies like grubhub, plus celebrities and athletes are connecting with their fans through direct snap. and the stories feature on snapchat. we can talk all day how this is such a lucrative space. according to a snapchat pitch obtained by digit day, users send 700 million photos and videos each day and check account 14 types daily on average. 50% of the users are between the age of 13 and 11 years old. rival messaging apps, lime, whatsapp, we chat and asia

go ahead, jo ling. >> disney earnings just crushed the estimate. take a look, eps is coming in.coming in at $1.28 a share. also revenue was 12.16, estimate by analysts and coming in at 12.$47 billion. this is very good. we're watching disney right now in after-hours up more than 1%, 1.2 mers when i last checked. david: jo, thank you very much. robert, go ahead and finish your answer, corruption. >> i will acquiesce on the corruption to get to what is the bigger story in africa. i've been there probably over 50 times since the mid '90s. what i find is emerging middle class. i find institutions that follow the laws and rules. quality of account something much better. the transparency, in fact the countries like you mentioned equatorial guinea, there is no stock market. senegal doesn't have stock market. certainly south africa does. what we're seeing is less and less of those type of problems in day to babies and actually our experience which has been on the ground for over 20 years has been a very positive experience in that regard the opportunities for -- liz: robert, the only re

our jo ling kent called apple, no comment. what the market is commenting on, and the comment is down two-thirds of a percent for apple's stock or 58 cents. it's now at $95.01. >>> well, axe all the drama from the russians supposedly close to invading, what a difference three years makes in this country. on this exact day in 2011, standard & poor's downgraded u.s.' credit rating from aaa to aa+. at that time the ten-year note was yielding about 2.55%. currently the yield is around 2.48. now markets are reacting to the heightened possibility, of course, as we mentioned at the top of the show that russian forces could invade eastern ukraine. the russian index finishing the day down more than 1.5%, but that was before the invasion w0r was even uttered, so it will be interesting to see how the russian markets open tomorrow. it was a tough intraday picture anyway for the index. back in the u.s. the only two winners on the the dow jones industrials today boeing and procter & gamble. boeing more so than p&g, boeing is up just under 1%

joining us with the story, jo ling kent. >> liz, that might be the bubble top we're looking for.orecasting that we will soon hit a in the app economy in a research report. one in three smartphone users in the united kingdom does not download a single app in typical month. why? because of increased apathy and cost of apps. that pushed average number of apps downloaded to 1.82 overall, down from 3.22. you have to watch this stat, guys. nine out of 10 people also tell deloitte they never spend money on apps or other smartphone content. which points to potential spending ceiling. we're looking at one very good example of this, king digital, unfortunately. their earnings report last week showed customers spending on "candy crush" saga dropped off faster than expected. the other games they're trying to market, they are not making up the difference and their stock is down 28%. liz: jo, we have have interrupt. president obama is about to speak. >> -- operation in iraq and situation in ferguson, missouri. with respect to iraq we continue to see important progress across different parts of

ashley: let me jump in here quickly and get to jo ling kent who's got the aig numbers.t have you got? >> reporter: young through the report right now, reporting an adjusted eff of $1.25, that is a sold beat of the $1.505 the street was expecting -- $1.05. the outgoing ceo saying aig results in the second quarter were solid. we're going through the report now, so we'll bring you that revenue number in a minute. liz: bottom line looks like a beat, and the stock is reacting positively, closing value $52.62, but the bid is $53.51. as we work on that revenue number, lincoln was finishing his thought which leads me back to med. if lincoln's barbell approach has safe names that are dividend payers on one side and then the risk on the other, that's where you come in. is there a way to perhaps put a little teflon around the picks like greece and russia to make sure that if things start to go south due to headline risk, you're protected in some way? >> that's the challenge with equities, right? you know, you have the mar jib jib -- margin of safety of buying cheap companies and c

that move, jo ling kent is here.hat is a terrible review and recession. >> it is not a good review. it just came out yesterday. this is about the app. do you really want to have your personal amazon prime account? stuart: when i think amazon, i think seamless. i want to incorporate that right into my amazon account. i have two set up an entirely new and separate account. >> you are actually open and available to use other tax benefits. all kinds of different write offs. that can actually get quite complicated. amazon, again, there are complaints. they are trying to figure out what works. probably not exactly complete yet. i am not supporting anyone. we do not have complete information. we are trying to get in touch with amazon. you can see them. they are there. stuart: i like the idea. i am all for it. i just do not particularly want to set up a separate account. >> all kinds of things change. stuart: thank you so much. if you like your health insurance, despite what the president said, you cannot always keep it. fre

jo ling kent joins us now. that was not any old tweet. >> no.es radically to american airlines. you know that they are constantly maturing their social media. this clearly was something that american airlines decided to flap. he was tweeting out his frustrations that his plane was being grounded. stuart: what is this about isis using twitter in a particular way that everyone sees what they are putting out. >> they are able to really participate in what jack dorothy has always called the global public square. unfortunately, sometimes this can lead to difficult events. it is very difficult for twitter to be able to grapple with it. twitter is already dealing with very gruesome images. there is all kinds of different nuance that twitter must deal with in order to continue growing. stuart: twitter can be manipulated. they can get the message out before it even knowing what they are doing. >> anyone can participate and put their stuff out there. they do, twitter has the right to suspend accounts. it is a very public space. you see an individual or a

[laughter] stuart: jo ling kent's with me. why is this company worth $970 million?think about this, 55 million users last month, in the month of july. this company's less than three years old. this is a way for people in the gaming community who like to share what they've accomplished, be it on call or duty or another game, to show what they can do with people who also like to game. this is one million people broadcasting what they've been doing whether they're killing or racing or whatever. think about it, stuart. this is billions of minutes on this platform. this is why amazon wants it and why it may seem to be a reasonable price is because amazon wants to compete in gaming. you have to remember they bought double helix not too long ago, fire tv. stuart i stuart gaming? is it that big? >> gaming is a huge, monetize bl platform be it on your phone or a play state or an x box or on a fire tv. there is a lot of potential here. and it's not just potential that's potential, it's proven that there are a lot of users out there, so this is something that -- and going back

we have every angle covered with jo ling kent, rich edson and doug schell.h clout who were really has. >> it has launched its new api. this allows developers to integrate into the applications. they are partnering with a whole slew of companies. stuart: you have to take me through. stuart: booking a room. i am automatically on hoover's app website. >> it allows you to book a car. you are in the united app. you land at jfk or laguardia. it is essentially integration. stuart: it has huge clout. it has come from nowhere to 18 billion. taxis are actually in very high demand. that is what is so alarming. they are sometimes more efficient. stuart: sometimes the taxi companies do not like them. it looks like they are switching sides. i think he was battling for of the unions. he switched sides, doesn't he? >> both parties are clearing a path to get close to this company. they have health the entrance into the cities. it is really democrats versus democrats in some places. republicans still say they have the edge on them. they tax the union supporters. it is blockin

jo ling kent has the reaso