jonathan hoenig, what do you think of this? did you order it yet? >> i tried to.irst five minutes, i said seen enough. send me it, i don't care what it costs. apple does that to people. melissa: you sound like one of my kids. >> it sells them a relationship that endures over time. that is why apple's product announcements are not just product announcements. most companies put out a press release. apple creates life-changing event. they dominate a category like tablet, invented category that didn't exist 10 years ago. see the same thing with apple watch. melissa: chris, what did you think of ari's ridiculous comment they're too late to the game. >> i don't think he knows what he is talking about. melissa: poor, ari. >> look at apple, there were smartphones before the iphone. apple redefined it. there tablets before apple but apple redefined it the. melissa: david. >> hard to talk about redefining it, to use your word. the big clunky samsung products melissa i'm with you, i have never seen anybody wearing those. melissa: i have never seen anyone wearing those produc

jonathan hoenig is founder of capitalist pig hedge fund. kyle herrington is the founder of herrington capital management. welcome to you all. this is great timing for us. it prices at $68. i want to know your reaction. jonathan, you first? >> it's a very rich valuation for a big company, gerri but at least one here in the united states is not very well-known. 80% of u.s. investors have no knowledge of alibaba and as jo talked about this is company with very suspect corporate structure. although the price something very rich. i have to wonder if at love american investors might want to stay away at least at first. gerri: the corporate structure, you're not buying shares of the company. you're buying shares of a cayman island holding company. very confusing for investors. jo ling, tell us why that is. why are people not getting the traditional shares? >> well you can't really buy shares of a chinese company under china news law. that is why alibaba was listed in the cayman islands. there are other rules there in the cayman island that also ap

here is jonathan hoenig from capitalist pig and scott martin from united advisors. bows fox news contributors. what do you think of this mysterious white structure, jonathan? what do you think? >> this illustrates the value of apple's brand or buildings or new products its brand, that becomes the news. people are interested in what apple is preparing because in this case the hype lived up to expectation. they're used to apple creating miracles or new product and that is why the hype is well-deserved. melissa: scott, apparently tim cook has a countdown clock. i picture him wearing it around his neck like flava and a half and ticking down when they release the new product. what do you think? >> probably on his skin somewhere. jonathan is right. this speaks to the coolness of tech. google had floating barges this big mystery last summer and everybody created buzz about it. stock went up. same thing will happen to apple. shows how attractive and neat this company is. melissa: unless what they reveal is silly and bunch of a hype about nothing. that is the danger they're c

jonathan hoenig from the capitalist pig hedge fund. what do you think of what janet yellen done has created things like huge ipo we're seeing on friday and people reaching for risk? >> to dr. paul's point and charlie's point are exactly right. janet yellen and fed in general have created essentially asklest encourages people to take on bad risks. fed unfortunately has history of this. they have a history of not only printing money but intervening with interest rates that prompt malinvestments. what worries me, melissa, you're starting to see cracks in the facade. high-yield bond. leveraged loans, they're starting to hit multi-month, in some cases multi-month lows. that is sign that the good times in terms of credit. melissa: steve moore, real quick, less than a minute. what is the reaction? >> i'm with richard fisher. i think that should happen faster. rates need to go up. one thing i never understood is why wall street thinks that the tight money is bad for stocks. >> you know why? >> they're good for the economy. >> the reason why be

jonathan hoenig from capitalist pig hedge fund. he is also a fox news contributor. nathan, i will start with you. they're denying the breach. is that the best strategy? >> this is a first world problem, melissa. even if there was a six-hour shutdown of the apple, itunes, store, the app store, we love these products. people swear by them. that's why they're waiting to buy the iphone 6 already. and they're willing to tolerate a six-hour disruption. keep in mind, melissa. wasn't too long ago you had to wait in long to musicland. now you do it online. people love apple and will continue to. melissa: apparently jonathan is not worried about his naked photos get getting out. how but? >> i'm quite disturbed a couple of things. itunes itself, this is fastest growing segment for apple right now. this is company, a segment that saw a 25% increase year-over-year with revenues. july was the best month ever. i'm not worried about this little hiccup on six-hour thing. jonathan is absolute loy right, people will wail out all night long for apple product. they don't do that for sams

jonathan hoenig from capitalist pig. both fox news contributors.hen i hear snoop dog, first thing i think of is investing advice. isn't that who you want to invest alongside of? >> in snoop, some of husband trust, melissa. that is what you've seen. look at the line so to speak around the block of people that want to download this app it is pretty substantial. people will actually try this. i don't know if it will work. as old saying goes, nothing is free. would be great to go on there and trade stocks and do things like uber, kind of like a uber-like idea. you need good advice and good information. a lot of people could lose their butt on this thing. melissa: forgive me being suspicious. when i see -- >> got nothing to do with trading. melissa: go ahead. >> got nothing to do with trading stocks. you remember the pets.com era, melissa. this is exactly what this is. be greedy when others are fearful and fearful when others are greedy. they used to say the guy at the post office, or taxi driver is talking about stocks, time to get out. now we have sno

here to discuss it, jonathan hoenig, also a fox news contributor, and back with us as well.very channel has promised shark infested waters, minimal supplies and unforgiving destinations with venomous stone fish, lionfish and scorpion fish, it sounds just like washington, right? they should be right at home. >> it sounds disrespectful did these are representatives, the people's representatives, not the osborne or the real world or the kardashian. the country is a mess, spending time on a reality show is abysmal. melissa: i've never heard you to be such a buzz kill before. i would rather have all of our politicians on an island somewhere doing anything but legislating and anything but spending money. can i send them all the marshall islands? what do you think? >> swim with the sharks. i have experience with that in washington. if i was one of the taxpayers in this district, i would not be happy about this. it might make for great tv, but in terms of getting something done, we need them to do their job in washington. >> if we have learned anything from the clintons, a lot of ou