the court also ordered the party's assets to be liquiditi liquiditied. they have sent thousands of muslim brotherhood supporters to jail. al jazeera is demanding the release of its journalist who is have been in prison for 224 dollars. mohamed fahmy, bader mohammed, and peter greste were all falsely accused of supporting the muslim brotherhood. in june they were given seven years tenses, bader mohammed was given an extra three years. >>> government works are trying to remove barricades in my done square. according to the top commander, some separatist commander, and that town is of strategic importance to both sides. it is close to a main supply route with russia. the ukrainian forces also claim in their words to have liberated three other towns here in eastern ukraine. the shelling of donetsk is also continuing on saturday. we heard of shelling close to the airport. resident there is have expressed their concern again about the methods being used by the ukrainian forces. >> at least four people have been killed in protest across pakistan. demonstrators

liquid. >> velvet's better. >> what kind of liquid? >> liquid velvet. >> so very happy for her and for everyone.e following the story david had been following, the mystery ends now, taylor swift fans have been on the edge of their seats for over a week as the pop star shared chews on instagram about an upcoming project. she will be front and center for a global first. yahoo! will host the first-ever live stream on monday, august 18th. announcing the news on twitter just moments ago. already trending number one worldwide. of course it is. and you'll be able to watch it at goodmorningamerica.com on yahoo!. she can make any announcement with 40 million followers. there's the marketing department. she's been teasing it. who needs anybody else when you have 40 some million? i'm slightly behind that. >> i told her it would work. >> you, david? >> i knew she should do it. >> i knew you were in trouble, david. >>> and major wins for abc family's "pretty little liars," la raking in six awards. and individual wins for lucy hale and several of her co-stars. and donald sutherland, bringing the "hunger games

liquid relaxation. >> liquid relaxation without the alcohol. >> without the alcohol. red peppers, tomato, cucumber, celery. here, you want to do one? it's really fun to juice because you just shove it through there. >> it's therapeutic. it's like a power tool. >> it's all coming out gorgeous juice. >> that's good. >> i'm going to turn that off. it has lemon and pepper and the tomato and a little cayenne. cayenne, that's good for digestion. red pepper has magnesium which is great for stress. it's like a little herbal anxiety drug for you. >> homemade. >> it's delicious with vodka as well. if you have to have -- >> we would never suggest such a thing. >> just in case. >> and this is a wonderful summer drink for hydration if you love to work out. i'll turn that on. >> i love to work out. >> you really do? i hate it. >> watermelon. >> whoa, whoa, whoa! >> oh, no. that's okay. >> juice down. >> if we were going to put in -- >> i don't know if you should chew it like that though. >> so it's fresh ginger, watermelon, pineapple, mint. >> lots of mint. >> this is great. if you do love to work out, this is great for hydration. >> i love to work out. i need to get to the gym, let's be honest. >> that's good. >> i'm not saying this would be good with alcohol but it might be if you wanted to. >> this is my favorite so far. >> that's good, very good. >> delicious. you can put any of your summer favorite fruits in these juices. >> you can freeze these. right? >> popsicles. you were talking about your baby. make popsicles. delicious. this is also a favorite. this is called liquidntaloupe, which is great antioxidant and anti-inflammatory, fresh mint and watermelon. >> i love mint. >> that's it? that's all of the ingredients. >> and coconut water. >> that's what i put in popsicles. >> that's what you have for hydration. >> that has a kick. >> what's the kick? >> the ginger. >> ginger in here too? >> this has got the ginger. >> they both have ginger. >> which i like this. i'm going to take this puppy with me. >> what is uglier than ginger? only a gourd. it's good stuff, thank you so much. good to see you, sweetheart. all of the recipes on our website. >> get ready to laugh. the fan spotlight will make sure that you feel good. >> first, this is "today" on nbc. >>> it's time to shine our fan spotlight on a little guy who is sure to make your day. >> there's nothing that gets me laughing like a good laugh from somebody else. especially from a baby. >> oh my gosh. check out this video that victoria wagner sent us of her son, cameron, laughing uncontrollably while wat

tantrum, when liquidity evaporated, and evaporated intensely in certain segments, be it the non-u.s. markets, the developing world, will tell you that the liquidity factor, the liquidity risk is under prigsed today. the reason it's yurnlder priced is because we haven't had a liquidity disruption since january. so i would make a more general point which is that liquidity is being underpriced today. when sentiment changes, the broker dealers are not there to absorb paper on their balance sheet. they want to get out of the way just like everybody else gets out of the way, and investors should remember that. but right now, liquidity risk is not a major concern for most investors, unfortunately. >> you pass a note this morning, at about 9:40 a.m. with a headline, markets are making a sucker's bet on europe. you want to elaborate on that, tell us exactly what you're talking about? >> yeah. the bet on central banks assumes not just their commitment, which i totally agree with, but, scott, it assumes the effectiveness that somehow central banks acting on their own will be able to deliver great economic outcomes. now, as stan fischer reminded us monday, the central banks have

in and again as director bohe mention last week ucsf paid their liquidated damages in the liquidated affordable fee for the development of block 7 west. as a refresher there's a location map it's a little bit small hopefully, you'll see it block 7 west is outlined that's where the 2 hundred affordable housing units are going and block 7 east is where the family house is going to be going. a refresher on the lovely lovely dine those are a few images. the building itself consists of 2 hundred and thirty thousand square feet and a mikdz use of 10 thousand feet plus there's one and two two berms it will be four stories of housing over park the development will include a development and laundry room and fitness facility there will be a 28 thousand square feet kwashgd for private residents and their guests. the target population will be householders earning up to 50 and $60,000 call roll the medium income at ami is 61 thousand $800. 40 of the units will be for the householders at ami. i wanted to go over the occupancy preferences you've seen those before but it is somewhat unique as all th

liquidity. outestors are nervy ab being able to get out of the market when they want to. how significant of a concerted liquidity? how much of that is driving this? >> liquidityt what it once was in the bond market. you've to take that into account. we actually give a lot of cash in treasuries against the positions to deal with liquidity. >> what proportion? >> over 10%. never know when the selloff will come, but we want to have ample liquidity. in our fund we have exposure to europe, emerging markets, have you bee. >> have you been increasing to have more flexibility and liquidity? >> we have been using derivatives in our funds for 15 years. >> i'm even seeing any risk taking behavior? of funds that are --wing more leverage employing more leverage? >> there is some leveraging going on especially in the bank loan market. they are on pace to have record issuance. >> is there reason for investors to be concerned? reason to always t when you have high yields, but we do not see that short term. >> this conversation we have been hearing about some horror of a meltdown. do you see that on the horizon? >> i do not. i think it is a buying opportunity. >> why don't yo

liquidity issue. there are liquidity constraints. you cannot make an etf out of something that does not have enough liquidity.t of a backdoor way to do an etf. i think it is not simply a u.s. play. as those countries get bigger, it will switch over to capture those local stocks. >> you mentioned south africa is the largest portion of that, the biggest, most mature economy on the continent. though if you wanted to specialize and take on some of the africa growth, but not as much risk maybe, maybe you would look at a south africa etf? >> sure. the largest is the i share africa etf. it came out first. it is a lot bigger. two issues. it is a little bit more volatile than the broad africa, because the more stocks. wellouth africa is represented in your emerging markets etf. if you own those, you probably already have a chunk of that. if you go broader, that is when you get the exotic stuff. it is still a solid etf. >> really quickly -- a nigeria etf? >> this is about a year old. a frontier country. very volatile. no correlation to the u.s. it is a play on nigeria. very aggressive. no correlation. provides a little

liquidity. we are in a tightening environment where we have that liquidity in the market. strange environment. >> if liquidityliquidity is an issue, what will happen if there is a market --. >> it could fall fast. a size and investment rate with alternatives in bonds yielding so little we do not know what will happen. there is the possibility of a more -- in 1987, dislocation, that does not reflect economic distress. could -- the markets in 2007 where you presume of valuation -- the rise and the steepness of the rise in equities and seven years later, you presume a fall, i do not see the weak economy. it is not that great. china has been overspending to keep its growth. economy wheretier the high-end is doing well. the bottom percent of the labor force is not growing. it is a different environment. is under 1%germany on the 10 year. spain has the same 10 year rate as the u.s. does. how do you make sense of this? we have heard that sovereign wealth funds are ongoing constant buyers for the s&p. since mario draghi's comments, the s&p has acted like a credit spread. has traded with volatility up into the reich,

liquid. the other is liquid enough. for retail investors watching this, be careful not to rush into the products they use. think about what they are using for liquidity be the cheapest or best for a long-term holder. >> speaking of a long-term holder, the spider gold shares, john paulson is still a huge investor in that. he did not change his weighting during the quarter. george soros is also involved. what is the cost? % but the gold is .25%. paulson has about $1.3 billion. if you moved to iau, he would save about $1 billion a year. chanos is in this one. >> that is a lousy etf. 55% financials. it does not cover well. you are either going long or short. i do not know why he would pick that. >> hopefully we will have the chance to ask him next time we talk to him. thank you for your deep knowledge of etf's and why hedge fund managers might have picked the wrong one. "street smart" is next. ♪ >> we have 16 minutes until the closing bell. we have stocks off the worst levels of the day. escalating tensions in ukraine have investors pressing the sell button. i'm trish regan. "street smart" starts next. kiev attacking unarmed convoy it says cross the bord

those are financials, the banking sector has the outlook for their profitability is much liquidity, the cheap liquiditye. securities from the eurozone as well as nonfinancial corporations and some of the governments. from the southern european countries where there is still a spread. in terms of maturities if you ,ook at the concept of carry that is the five-year sector where that carry is the highest and that is a reasonably safe place to be. your reasonably cushioned by potential negative events for risk assets. >> you said there will be a glass half-empty, glass half-full picture painted by mario draghi. where will he stand on inflation them a will he pain does a better picture of where he foresees inflation going, are they going to be more worried about -- we're getting a the inflationwhen is and where the market expected to be. >> inflation will be an interesting one because if they take a hard look at some of the measures of inflation expectations, inflation swaps are hitting -- heading in the right direction. they did get the rise pointing toward expectations for higher inflation. after the june

liquid seepage. >> liquid seepage. >> yes. >> well, good times. >> we will talk to the doctor about that. >>> police say a driver in south philadelphia said a driver in an suv blew through a stop sign and slammed in the tractor trailer. >> this is what it looked like, this is crazy stuff. the tractor trailer actually was knock in the home, nobody was home when it happened so that is good but medics took both of the drivers to the hospital and they mad minor injuries. >>> i will show you surveillance video of two vehicles, of interest involved in the recent hit and run in gloucester township, new jersey. it is spreading. one is a light jeep cherokee the the other is a light four door reek will. i can't tell what it is. police say they were both in the area of sicklerville and jarvis roads. that is sunday night the when a driver hit kevin trant and then kept going. kevin remains in the hospital. >>> a school student from lakewood, new jersey was laid to rest this morning in israel. >> yeah, 23 year-old aaron sofer's funeral comes one day after his body was found in the jerusalem forest. he he went missing last week when we first brought you this story. he was hiking with friend. investigators do the not suspect foul play. >> it gives us some comfort in knowing that aaron did not meet a violent end or an end that was perpretrated by terrorism or kidnapping. >> forensic investigators say it is difficult to determine if his cause of death was due to decomposition. >> today is first full day of classes at delaware valley charter high school, in logan. it started on a friday? >> it is strange. >> interesting. >> remember this scene from the end of the school year. >> yes. >> boy last years school shooting. there will be some new security procedures, including increased processing, while entering the building and hall sweeps by school security guards every now and then. two students were injured last january when a man bypassed metal detectors and handed a gun to the student in exchange for cash. >> unreal. >> shut it down all afternoon. >> 7:12. nfl is toughening policy on domestic violence. >> commissioner has change his mind ape little bit on this because he was pressured. roger goodell, the commissioner of the nfl, sent a letter to every nfl owner announcing there will be a six game suspension for a first offence and a life time ban for a second offense, committed by an nfl employee. we're talking about domestic violence. >> not just players, this goes for everybody. >> goodell said he didn't get it right when he gave ravens running back ray rice a two game suspension for ledgely hitting would the man, in fact, video we are looking at right now that woman is now his wife. >> that was in atlantic city. >> yes, it was. >> yes, he came out and said i made a mistake. >>> malaysia airlines is planning to cut thousands of jobs as part of the billion dollar overhaul to revive its image involving those two plane disaster. >> airline says it will cut 6,000 employees, about 30 percent of its work force. new company will be formed to take over the existing airline and search for a new ceo is underway. the overhaul is expect to cost about $2 billion. >> you would think that they with change the name of the airline don't you think. >> would i imagine that is part of the overhaul, yeah. in word what they may change it to but they are changing. >> that within plane is still missing. >> of course, that is only one that they are at fault for, second was just a tragic, tragedy problem. >> president obama is blaming russia while completely ruling out, any u.s. military action in ukraine. it is a mess over there this morning. >> this comes as fighting continues between the government forces and pro russian rebels in ukraine. the those pro russian rebels are been on a offence turf take down strategic town in the south of that country. that town right now is morning is reportedly under their control. >> the the violence is encourage by rush, separatists are trained by rush, they are armed by russia, and they are funded by russia,. >> russia, russia, russia. next in president obama will meet with the ukraine's president right there in the white house. the president also made it very clear that his priority right now is isis, or issol as he calls it in iraq. iraq's military released a video shows government forces fighting isis militants yesterday. army claims footage was videotaped earlier in the day in the fallujah area and an iraqi military commander says troops killed more than 30 terrorist. the the president, is being very honest, a lot have of people say, about his plan there. >> we don't have a strategy yet. >> well, that wasn't such good news, you don't have a strategy. critics lash out at that admission but white house quickly tried to reframe the president's remarks saying is there a strategy to take on isis at least in iraq but people want to know what we will do with syria. >> of course, big question as well. >>> some people are getting a jump on the labor day weekend to change subjects, down the shore. >> yes, i took off today. >> i know. >> mentally. >> and in ocean city yesterday hundreds of people pack beach as life guard kept watch. they are being careful. they dealt with 30 rescues throughout the day due to the big waves and strong rip currents. this is all in an effort to keep everybody safe because of that cristobal. >> cristobal. >> hurricane. >> causing these rip tides. >> um-hmm. beach patrol is asking parents to only allow kids to swim in front of the life guard stand. >> biggest help for us is when parents are watching their children. >> she just said be careful don't go in the water when guard are off-duty. >> we are in the trying to be nasty if we are keeping you in we are trying to keep everybody safe so they can come back another day. >> oh, by the way life guard will be manning the eighth, ninth and 12th street areas, in ocean city until 8:00 o'clock, p.m. >> um-hmm. >> throughout the holiday weekend. that is through monday, caitlin roth at 7:16. >> that is smart too because even though we will see rip current threat lessen and today more moderate verse high yesterday it will still be rough out there. use the same cautions that you have had over past couple days if you have been down the shore. up to the poconos your weekend getaway forecast we will start off cool. camping it will be down right cold tonight. seven his the the high temperature tomorrow with a lot of sunshine. warming up the humidity back 82 by labor day but chance of thunderstorms both sunday and machine in the poconos. those showers and thunderstorms reach our shore points probably not until overnight sunday into early morning. we have two great days before that. today is nice, but cool. seventy-seven saturday. eighty on sunday, sun and clouds, two beautiful days. monday you'll dodge showers and thunderstorms. we are not dodging anything. high pressure overhead. as that sits over us it will continue to bring nice weather eastward out of the area through the rest of the weekend. 62 degrees. we started the morning at 59. we will warm up nicely despite fall-like beginning. fox future cast showing nothing but sunshine day. clear skies. saturday looks good we will start off with sun. we will see it most of the day. incoming cold front will bring increasing clouds sunday and then by sunday afternoon showers breaking out so not until later on in the day and this is mainly philadelphia and points north and west. the later sunday night into labor day wherever one will have a chance for showers and then are storms. seven day forecast 80, sunny and nice. that is the coolest it gets because heat does return. eighty-three tomorrow. still nice. eighty-eight and humid sunday. ninety's on labor day and that hot weather sticks around throughout the the rest of the seven day forecast. that is your holiday weekend forecast. the lets get back to the traffic authority. still following this major accident that we have been on the scene of in north philadelphia at belfield avenue. the whole incident and all of the police are on the scene trying to investigate is blocking southbound lanes. you cannot access belfield avenue southbound. use 15th street. also approaching 76 when is the off ramp there, is there a disable vehicle that is right lane blocking. finally in buck ham, bucks county, swamp road at bedfordshire roads we have reports of an accident. mike? >>> you know where you need to be on monday, we will take this show on the road all neck week. we will not be in the studio. in fact we will never be in this studio ever again. we will kick off our coverage labor damon, on the boardwalk in wildwood. close to where quincy is right now. come on out and join news wildwood next monday 7:00 to 10:00. get there 6:30, 6:45 we will meet you. we will be located right there the on boardwalk pretty easy to find. then tuesday we will broadcast live from independent mall, right here in olde city. basically between fifth and sixth street on market street, and the stars that new movie mays runner will be joining us. there they are right there. so girls, come on out. >>> skip school. >>> oh, of course, alex will be there every day machine through friday. wednesday we will get to quakertown bucks county. we will be right there on the 300 block of broad street in quakertown. the thursday we will broadcast live from rodney square in wilmington, delaware. and then on friday a week from today, big eagles pep rally, boy they smoke the jets last night. we will be out back of the xfinity live with a link in background. you can check out details on my fox philly.com. >> y warm welcome for former eagle michael vick, we will have the highlights from the eagles game last night. michael vick in green but not midnight green. a huge data breach i'm sure you heard about this affecting five major banks, banks in our area federal officials say they were hack by cyber terrorist. some russians got to us. what exactly happened and can we protect ourselve >>> welcome to the jungle called good day philadelphia yesterday on the show we were talking about the eagles need a kicker. they have a problem here. so we got one. it looks like our rookie kicker codey parky what a great name hits two kicks over 50 yards last night. i know it is preseason but he stepped up under pressure there so will chip kelly cut alex henry and go with this rookie, that would be an interesting move. joe valley is here to philly to philly.com. good to see you, joe. >> good to see you, mike. >> it is preseason but still there was pressure on him. he wanted to show off in front of the coach. >> there is pressure because you are fighting for a job. people say it is january, it is not january, you are not kicking a field goal in the championship game but are still fighting for a spot in the nfl. >> i think he has got to keep him after that performance. >> he kick two, 53 and 54-yard field gold with room to spare. it wasn't like they barely got over and then you have a guy like henry hasn't been bad but inconsistent. miss aid 31-yard field gel ape 47-yard, this guy clears, 50 plus, on both. >> i don't want to be mr. negative under pressure in the national championship game in college, auburn verse florida state, he missed a 33 yarder, that they needed, they ended up losing by three. >> he did, you are right. do you factor that in or not. >> you don't factor it in unless it is january and they are playing a team in the playoffs and you have to kick a 33 yarder and he misses and maybe we should have kept alex henry. he has had a chip on his shoulder and been pretty determined to prove people wrong. >> he came through last night. >> yes. >> so michael vick, it looks like their coach rex ryan put him in so crowd could react. >> did you watch it. >> i did watch it. >> pretty good reaction. >> it was. >> a thank you. >> well, michael vick came to town as a mark man in 2009. i will never conn down what he did off the football field. when's arrived he was a good citizen, he said and did right thing. he was admired and respected by his teammates. i think fans too. i think it shed last night. >> there weren't many people there, there was a lot of green seats. >> they miss aid good game though you kind of like the game. >> difficult. >> there is so many people, well, a maybe 15 guys, that were still fighting for jobs. they were playing hard. >> they left it out on the field. as far as final preseason games go it was exciting. >> it was never in doubt. really beat them badly. is what your prediction, last two games, third and fourth, of the preseason they looked good. >> thinks a very deep eagles concern good is what your concern. >> pass rushing on defense. if you look at super bowl champions 2007, and 20011 they have finish in the top three. look the at saints in 2009. dick vermeil came to town and said i like this camp but there is no that play maker on defense. >> real quickly because this was huge, i thought vanderbilt was going to smoke temple. temple did the opposite. how about that game. >> that was exciting. i didn't see it. i'm a st. joes guy. i'm in the one to support temple. i have to give them their props. >> their first win over a sec team in 1938. i happened to be at that game. >> my grandfather was at that game. >> way to go, temple. >> good job. >> this could be a great season. >> they have a good quarterback. >> good to see you mike. >> thanks, for having me. >> is what your prediction for eagles record. >> eleven-five. >> yeah. >> dang. >> yes, quincy is in wildwood where this whole show will be on monday. >> quincy? >> yes, i have the mazda, temple cherry red as you can see, we will take you for a ride in that mazda and in is try guest and we show him but this m6 is really a tennis the weather today. >> yes, it is a ten. it looks great outside, thank you, mike. off to a cool start. feels like fall but as buddy will show you, it will warm up too he is outside by the pool with his short, t-shirts and hats on. we have a nice crisp morning with sunshine but temperatures will climb quickly. sixty-two outside right now. very comfortable. the later today we will hit a high of 80 under mostly sunny skies. beautiful afternoon. that is why it is a ten. tonight we will hit 64. that is your fox cast. lets go to the roosevelt boulevard southbound approaching 76 west, the off ramp there: we have a disable vehicle. we will try to show that if we can. this is a disable vehicle blocking right lane, roosevelt boulevard southbound so watch for delays there, mike. >> my goodness a bad story just got worse, steve keeley, bring us up to date report report hit and run victim, woman around 50 dead at the hospital. they could not save her life hit by three cars, only one of of them stopped. here's what a witness told us we could not show his face. >> got hit and they just kept going. it was that fast. >> was there a second car that hit her as well. >> he came down and hit another car going by and third car ran over her over. >> yes. >> reporter: none of the three stopped. >> one that she felon car, stopped but he didn't hit her, she felon him coming out of the air. >> reporter: do people speed by here all the time. >> it the is broad street. this is a race track. if you got to call it something it is a race track. that is pretty much what it is. >> they fly up and down here, you know. they don't follow no speed limit. >> reporter: that is what we heard from everybody who lives around here who we talked to that is first witness in the crying when we talk to him. mike and kerry, just an awful scene out here. police have pick up what evidence they have in the street and should have broad street reopened momentarily. >> so she went up in the air and landed on a car and that car stopped. three cars involved. all right steve horrible situation. 7:32 on this friday. federal officials say up to five of the nation's biggest banks and i mean big could have been hacked by cyber terrorist. that is what seems like happened. fbi and secret service are looking into how much personal information was information and stolen and took it after a series of sign's tax at jp morgan and as many as four other big banks. early reports suggest that the hackers may have originated in russia but federal officials are not confirming those claims just yet. what exactly happened? how did it happen? how do you prevent this? stephanie, how can just an individual, regular humans, protect ourselves from a country like russia hack nothing to big banks. >> it the is tough. there is not a whole lot you can do. if someone has the the intent to break in the system and time and resources, they will do it. what we can do is be more careful. in at least one of those five bank hacks they are attributing it to one of the employees, who down loaded something or clicked on some kind of a link through their e-mails. so pfishing is a huge way that hackers take advantage of the situation and it is imperative not to cling those links. >> well, what exactly does that mean? they didn't mean to do it. >> they didn't mean to do it, right. an e-mail could have come across their december thank looked official and said hey, we need to you get in touch with your bangor we need to you do something like that a lot of e-mails. they take the form of something that looks like an official notification and people click and they ask for your account information, and you enter that and that is all that they need to get in there. >> now people are still doing that. >> people are still doing that. >> ridiculous. >> yes. >> tell me, which of the five banks because just about everybody watching the the show right now uses one of these banks. >> other four banks haven't been identified yet but jp morgan. >> u.s. bank and bank have of america. >> i hadn't heard that, that might be the update but i know jp morgan was the largest bank that was involve in the hack. they have been talking about gigabytes of data and they are trying to down play that just a little bit because a gigabyte is not the that much but it could be thousands of gigabytes, tens of thousands of gigabytes and we do know that account information and credit card information was stolen. >> so what should i do right now before i go to work or when i get to work on my computer. >> well, check to see if your bank has two factor awe then case. what that means is either they will ask you for security questions, so you can add up to three to five security questions what is your dog's name, where did you grow up, do those questions, add those in or if they ask you if you want to receive a text message with a security code that you have to go back and enter. it is a extra step but will protect you. >> would you advise everybody to do that today. >> if it is available, yes. if it is available on your bank account. my account does have a an extra security question and i actually enter it in every single time because sometimes as well on your home computer it will ask you if you want to save this information. so that you don't have have to enter it again. the don't save it. enter it every single time. if you save it your account becomes vulnerable and if you down load a virus they will get right in there. >> can you find out which of the other banks and then run it in here and tell me if you can find it. >> i will do that. >> so i can pass ate long. >>> 7:36. >> no problem. >> no mistake, college kids need their caffeine. don't we all. but when it comes to how much coffee students drink where do our colleges rank yes, there is a ranking for everything. the most caffeinated schools in the country, where do our schools rank. >>> and do you do baby talk? you know that baby talk can help new borns develop their language skills, i thought it was the male announcer: the magic of the bay is waiting. explore maryland's coastal villages, scenic waterways and the land of our national anthem along the star-spangled banner national historic trail. there's an adventure waiting for you in maryland. land of discovery. le announcer: coand join oure wtraveling celebrational as the chesapeake campaign visits town festivals up and down our shores. visit starspangled200.com. presented by at&t. maryland. land of discovery. >>> i ever tell you about sheen a easton who sings this song, interviewed her. i don't know what ever happened to her. can you google her for me and tweet me. >>> no secret college students need their caffeine. is there always coffee shops all around the college campus but did you know some of the most caffeinated students are right here in philadelphia. there is a study about everything so this ranks colleges as far as who is drinking the most coffee. >> yeah. >> new research, mike, from food delivery web site grub hub and they found students are packing up to 10 percent on their on line orders with caffeinated drinks such as coffee and energy drinks. students right here as mike said are ordering, the the most, by far, lehigh university in bethlehem was number three on the list. 8 percent contain some type of a espresso or coffee, and coming in at number two, drexel 9 percent of the order from students there the at the university contain a caffeinated drink but students who ordered the most caffeinated drinks are at penn. the university of pennsylvania, it is number one on the list more than 10 percent have of order contain coffee or energy drink. five schools made the list including the college of new jersey, that is number four, the university sciences number five, temple number six, villanova came in at 11:00, university of arts came in at number 12. >> those rankings are philadelphia. that is not, those are the not the national rankings. >> no, this is national. >> no, there is no way three of our colleges are one, two and three. >> everyone here loves coffee. >> what the heck is going on. >> i will tell what you is going on with health and kids. i talk to doctor mike about this. he said recent report found that 17 and 18 years olds are drinking double the number of coffee drinks that they drank since a decade ago. >> i do see high school students with coffee in their handing go to school. we have a school right next door to us here. >> when i was college age i didn't drink coffee until i was an adult. >> me either. >> i am a late on set coffee drinker. i don't even like the taste of coffee so i drink the girly latte, vanilla latte. >> do you still. >> yes. >> well, you are in touch with your feminine side. >> sheen a easton didn't see sing for your eyes only. i was just so in love with her. >> so was i. >> could you you google her and find out where she is. >> what if i find her. >> do you want me to send her your way. >> she would be horrified. >> okay. chris, we've got to move to brazil. wait a minute you are married. imagine a town full of beautiful women and only beautiful women. it exists, only these ladies aren't too happy bit. their beef, or lack of beef, with -- we will take you to the town of beauties. >>> and quincy, hanging out in wildwood where the whole show will be live on monday, who is secret guest. >> i cannot tell you who the secret guest is. only thing i can tell you is, he is really fly-er, that is best in wildwood coming up next. >>> it is, to mike and patty, baker brothers. >> baker brothers. >> let me see what it is. >> it is doughnuts. >> it is one check late doughnut with jelly in the middle. >> it is safe. >> do you get unsafe contaminated food. >> people send me unsafe doughnuts all the time. >> i know. >> it looks good. >> it also looks good, that is the the lake, beautiful, gorgeous morning up in the poconos. here is your poconos weekend getaway forecast. tomorrow it will be cool. if you are outside in the mountains we have talk about temperatures that could dip in the 40's late tonight, early tomorrow morning. otherwise 74 and sunny. warmer on sunday and machine but also a chance of thunderstorms both sunday and lane are day. down the shore showers and thunderstorms don't reach you until labor day. before that sunny and 77. the saturday 80 with sun and clouds. that is a great beach day. the showers and thunderstorms to watch out for on monday. right now outside philadelphia 62 degrees. we will reach 50's last hour so 59 was our morning low temperature, we are slowly climbing. we will climb thanks in part to the sunshine. fox future cast just showing sun as we head toward 5:00 o'clock and then clear skies, later on tonight. overnight no problems. we are looking really good. sunshine and showers and the clouds hold off until sunday. by sunday in the p.m. hours we will talk about rain moving through, and as this is 5:00 o'clock mainly north and west of philadelphia. later sunday into monday it will go south eastward and affect the shore. your seven day forecast 80 degrees. that is a ten. sunny, beautiful, can't fine anything wrong. eighty-three tomorrow. still really nice. heat and humidity will be back on sunday. you will note that is difference. 88 degrees with the thunderstorm in the evening. humid with some thunderstorms. hot weather sticks around. storm threat on tuesday. look at that three taste in the row in the 90's. we have yet to see that in august but we might do this first few days of september. eighty-seven on thursday and staying warm in the seven day forecast. to the traffic authority where we will start off in north philadelphia, we have been talking about this crime scene where steve keeley is all morning long. because of that we're still seeing some major closures and we will probably continue to do so as long as we have authorities on the scene. thinks at belfield avenue. the accident is blocking the southbound lanes, use 15th street as an alternate. unless hatboro jacksonville road at east county line road, we are getting reports of a new accident in that area watch out there. >>> kerr i. >> all right. caitlin, thank you. >>> 7:48. are you all right mikey. >> i'm fine. >> i'm depressed. >> why? >> i think this is our last trip down the shore. >> it is. >> where did the summer go, serious will. >> over. >> that is depressing. >> we will be back down there on monday. >> so quincy is there getting a preview of where we will be in wildwood. that is one of the best city signs in america. you know you are in wildwood when you see balls and wildwood sign. >> you love it. i honorary owe grand and the boardwalk. you will be a at boardwalk and schillinger where the ferris wheel is. in wildwood, on monday, schillinger that is where we will be, you will get to meet alex holley, meet mike jerrick, the whole cast, that would be fun. new listen, our mystery guest will be here soon but thank you, mazda, for this mazda m6. it is a luxurious car. they have a lot of food in wildwood. a lot of food. we have some of the best places where you can get food. we have johnson's preponderance corn right here. they have been here since 1940. how are you doing. >> all right. >> how are you doing. >> great, how are you. >> what kind of pop cover do you have. >> carmel, peanut crunch and cheddar. >> you said they make it every seven minutes. >> you have to come down to the boardwalk and have have have it. it is most fresh you'll ever have. every seven minutes, hot, delicious. >> i will come down here. nineteen poured walk food you must eat this summer a alumni grill what do you have here. >> we have garlic mash potatoes, deep fried, served with honey jalapeno salt. this is our wrap mushroom, goat cheese, peppers, zucchini squash, chicken. gluten free menu. that is our chicken sandwich. in is our panini with after cade owe, bacon, tomato. pep are jack cheese and chicken. that is our hybrid burger. half chicken and beef. frozen mushrooms and barbecue sauce. >> we have laura's fudge what do we have here. >> we have 16 different flavors of fudge, chocolate covered bacon, fruit, chocolate covered fruit and for fall we also have a pumpkin fudge. our salt water taffy. >> well, somebody come here. you come here for a second. we have chocolate covered bacon. i don't really eat bacon like that. what is your name. >> lee. >> can you taste this bacon and see if it is tasty. >> i can. >> it is morning time. >> okay. >> sue. >> okay. how is that. that is delicious. >> oh, yeah. >> i like you. >> we have neil's stake and restaurant. this is a nice looking stake. >> this is our prime rib, this is our baked stuff crab which is glue you ton free. >> okay. >> no problems. >> thinks sausagees and grape and this is barbecue that feeds a family of four. >> it is like a family of eight. >> two half chickens, pull pork, cole slaw, potato wedgees. >> that is really good too. >> thank you. >> okay. >> what do we have here, guys. >> yes, we're showcasing our burgers today, threetive rent types. >> what are the burgers. >> i will let the chef take care of that we have a barbecue burger, sauteed mushrooms and onions. over here we have hamburger that has onions, a pickle, fries. we have fresh cheese, over here we have the hamburger with the potato cake we make in the house, sunnyside up egg and our own blend of burger. >> you were in the competition in philadelphia september 10th. >> philadelphia's battle of the burger, only bar restaurant down here representing the jersey shore. >> good luck, guys. >> next hour i will do zoomba because i have to work off all of this food i just ate. >> great job. >> delicious. >> thank you, sir. >> delicious. >> 7:52 in the morning, we can go for some prime rib. >> rare, big piece of meat. >> he has been up all night. >> so sad to hear this because i'm a big fan of joan rivers. she was on our show six months ago. joan rivers rush to the hospital, i don't hi she was rush to the hospital because she was in for surgery. she goes into cardiac arrest on the table. >> isn't that crazy. >> now she's in a comb a so doctor mike is here to explain how could that happen. >>> for those of you coming to philadelphia for the made in america festival you are probably already here. welcome to philadelphia. what you you won't ab lud to take to the event. so don't even think bit, you know it before you go, then they went to have throw tonight trash. >> we will save so joan rivers is in a hospital after suffering an emergency at her doctor's office. you are right she was rush. >> she was at a surgical center having some work done maybe on her vocal cords. doctor mike in the studio. so what the heck happened. >> so what i have heard and what you have read this is what went down, yesterday. joan rivers, 81 years old has some horseness, she goes to the doctor and they decide they need to do a procedure to look at her vocal cord. i have pictures here because i want everyone here to know what the doctors were thinking and what they were doing. >> right this is a picture of the vocal cords. they are down in your throat in it oral area, and if you get a close look, of what the doctor do it is a vocal cord right there maybe she had a polyp, who knows. they probably used an instrument like this which is this ridged scope where you go down and you are able to do some procedure. either take a polyp off or whatever. but to do that you need to give the the patient sedation. the the issue is what we know is she stopped breathing, and then went into cardiac arrest. >> she would be awake, they don't put her all the way out. >> they sedate the patient. in one would want to have that down your throat. >> of course no but i with want to be put all the way out. >> the question is, why did she stop breathing. did she stop breathing because she got too much sedation? did she stop breathing because she had, a spasm where the area is where the vocal cord are it closed up? did she have a heart attack, have have a heart problem? no one knows. i certainly don't know. the critical question to ask right now are one, how long was she out. how much time went that she was not getting oxygen to her brain. that is a critical question. >> oh, man. >> they must have been so scared. so this could be done in a doctor's office or a surgery center. >> it is done all the time. in talking with our ear, nose and throat specialist at penn, bottom line is it is a very safe procedure. you have to take into account she was 81. she may have had some other medical problems, who knows. what ivoried the only thing she had was osteoporosis. so, the bottom line is that they called 911. they brought her to the hospital. she's in the intensive care unit. now she's in a medically induced coma and i'm trying to figure out why that is. i don't have enough information. >> excessive. >> welshing when you have someone had a an arrest like this you she's invariably on a ventilator right the now. the she's having breathing done for her. to make her comfortable, they put new a coma. >> my goodness. >> so we will have to wait and see. hopefully, there wasn't much time, they revive her got her and maybe she had a spasm of that area and they have a breathing tube in her to protect her. >> thanks doctor mike, have a great weekend. >> i'm from penn, i'm having my coffee. >> thank you. >>> number one coffee drinking college. >> isn't that insane. >> we have like 12 out of the top 15 right here. >> weird. >> nationwide. >> bizarre. >> good day, it is friday, august 29th, 2014. here we go. >>> we have your labor day weekend cover. quincy is down the shore. staying in philly dawn has your made in america preview. dawn has your weather and traffic. >> where is caitlin. >> she is he in the middle. >> right next to me. >> and it does feel like fall outside on this first, or not first, this is last week even of summer, right. >> yes. >> last weekend of summer but feeling like fall. how long this crisp weather last and when heat, humidity and storms. >> in reality fall isn't until the third week of september. >> thinks unofficial, i'm forgetting every single part of this piece. >> sure, just go home. >> dawn. >> reporter: putting finishing touches on the the made in america concert here on the parkway and how it is snarling traffic already this morning. more coming up in a live report. >> quincy. >> you are the head chief life guard what should people necessity in wildwood. >> rip currents have been strong the last couple of days. you should always go on guarded beaches, protect beaches. if the guards are not on duty you should not swim in that area. >> you heard what he said. back to you in the studio. >> let's use a hash tag what are you going to do this weekend? are you staying here for concert or going down the shore for one last hooray. >> is that your hash tag. >> let's use this, fox hash tag. fox 29 weekend plans. >> weekender. >> is that too difficult. >> no, we got it. >> weekend. >> we use a scale here of one to ten. it will be a ten today. >> it is. we are starting weekend off right. it is a friday before a long holiday weekend. we have three days off. we have sunshine, low humidity, beautiful afternoon. bus stop buddy is out by a pool, almost too cool for pool right new but it will warm up as we go through morning hours thanks to the sunshine. temperatures are in the 50's to 60's. sixty-two in philadelphia we started at 59 degrees. we will warm up to 80 for a high here in the city, mostly sunny, pleasant have afternoon. can't complain about this weather but it is chilly after sunset. we will fall back in the 60's. sixty-four the low in the city. widespread 50's early saturday morning. that is your fox cast, lets get back to the roads. traffic authority has been bus think morning. major accident in north philadelphia, at belfield avenue and the whole scene where the police are is still blocking the southbound lanes of belfield avenue. can't use it. you have to use 15th street as the the alternate. also just in conshohocken west elm street at mapel street we have reports of a new accident there. kerr i. >>> caitlin, thanks. 8:03. we have breaking news. police investigating a deadly hit and run this is logan section of philadelphia. it happened just before 5:00 this morning on broad street that is right here near belfield avenue. there is a witness that tells us a woman was hit by one car, felon to a second and then was run over by a third, two of those cars didn't stop. though kept on driving. police did find the driver of one of them, right now they are still looking for the other. >> broad street, this is broad street. is this is a race track. if you got a cheer run it is a race track. that is pretty. they fly up and down here like they do on belfield. they don't follow no speed limit. >> apparently the car stopped the one that she felon to have after she was launched by the the first one. >> one of the witnesses said she looked like a rag doll. it hit her so hard she flew in the air. victim in her 50's was taken to einstein hospital where we have learn that not too long ago that she has unfortunately died. police tell thaws road will be closed for at least another hour. they are still out there working their investigation. >> my gosh. >>> all right. as you know, philadelphia is gearing up for a big party along ben franklin parkway. i was trying to get to the dell in strawberry mansion road and kelly drive, it was hard. >> yes. >> because the streets, some of them are already block off. final touch is being put on for the festival. it starts tomorrow. >> dawn timmeney is live at eakins oval with the details, good morning. >> reporter: good morning, kerry, good morning, michael. all have of a sudden a bunch of activity here on eakins oval. you can see that we have some road closures here already this morning. so traffic is backing up here along east eakins oval. you cannot get through here. so all of the cars are turning right here. there is a big stage there in the background as crews put final touches on. we have another stage around behind us here and check out this big piece of equipment here it turns out it is a ride with swings on it. the there is all kinds of things to do. there is a stage right behind that. they are actually four stages mike and kerry, kanye west is the headline act on saturday night taking to the main stage on the art museum steps about 10:30 on at day night. nationals are playing on saturday. jcole, rehab, it is an eclectic mix of performers, you guys. on sun take ferrell, kings have leon and fiesta. and the one thing that organizers are asking people not to bring is liquid. don't bring water, even from home. no beverages. water at a the festival. you can bring an empty container. they just don't want people bringing liquids n they are trying to prevent under age drinking. there are plenty of beverages to buy and mike and kerry, you know, i just wanted to know that i had no trouble finding the beer taps. thinks the budweiser made in america festival. so, mike, i thought you would appreciate this. i don't think there are working just yet but i don't know how many we have here. it looks like a dozen of these. >> plenty. >> and there there is a line of portable poddies over there. >> sure they go hand and hand. >> yes. >> your johnny on the spot. >> yes. >> yes, exactly, mr. john they are call, mr. john. >> mr. john, okay. >> that is what they have here today. >> here we go, these are mr. job -- mr. john. >> even seems like dawn has started drinking. >> yes. it is friday and a holiday weekend. >> she's so cute. >> okay dawn. >> check out full line up of per

liquidate. there isn't a future if she means liquidate. i think she means acquisition. really it comes down to having a good lawyer help you negotiate the deal. once you've sold your company or liquidated the assets, dwrount have any control anymore. you won't have any say into what happens about anything with the company, including employees. it comes down to negotiating. it's not really out of the box. it's something that can't be ignored, it's critical. especially for a small business that doesn't have access to the big market. >> and finding the right buyer. you may not have control, but you may trust somebody. >> spoken like a true attorney to hire an attorney. >> the next question is about trying to stay focused. >> we live in this world where our phones and beebing and vibrating, constantly being distracted. what's a good tool to keep us completely focused on what we're working on? >> only answer your e-mails at certain times, turn off your e-mail alerts. do any of them work for you guys? >> you know what i do? i do a time blocking technique where i dedicate certain days of the week to certain activities and certain parts of the day. it's very difficult. it's easy to get interru

liquidity. guess what, they didn't. "it's a has seen wonderful life." understanding is what drove the crisis. the complicated story. ,> that is a liquidity crisis not a solvency crisis. the bank simply being bankrupt. which was it in this case? was it all liquidity? >> what happened was you had sheets that were written off which destroys the capital buffer. institutions or individuals see the capital of their bank approaching zero, either this thing will turn around or the bank is out of business. i want my money back and i will get it back sooner. that starts a run on the bank. the customers say, we could be next. you get this cascading thing. it began with poor asset quality leading to a crisis of confidence, leading to i want my money back, leading to a systemic run on the financial system. that was the single bravest challenge to our financial system we have had since the great depression. >> should be have repealed glass-steagall? should that have been repealed? >> no. if you step back from it and consequencesroader for the financial system, many of the institutions got into trouble. lehman brothers got into trouble. bank -- wacovia bank got in trouble. let's what about -- >> what about regulating the derivatives? >> you can always second-g

liquidate the debt with the fed. the whole system might bet liquidated and everything get written off because the dollar collapses, buthat's a different story. but you can just forget about the fed and get rid of the fad. >> host: one tweet to you: what would happen if the the dollar collapses? would governments be able to survive? >> guest: oh, yes. unfortunately governments survive ability is pretty good. so they survive. the question is what will the government be like? but i suspect what will happen is things will get more out of control and you're going to see rampant inflation and interest rates rising, our economy doing very badly, and then they'll realize they have to have reform to pick up the pieces. so, if they don't do that, then if you had total runaway inflation, the dollar collapses, that is bad news. that's bad news economically and then you have a zimbabwe example, but zimbabwe had runaway inflation and we don't even hear them in the news anytime got a new currency and re-established their system and they're back functioning again. so, it can be done. we were close to that happening in our country in

liquidate the debt with the fed. i think the whole system might get liquidated and everything get written off because the dollar collapses but that's a different story. you can just forget about the fed. >> host: radical taoist tweets in to you what would happen if the dollar collapses? would governments be able to survive? >> guest: oh yeah. unfortunately government survivability is pretty good. the question is what will the government be like? i suspect what will happen as things will get more out of control and you will see rampant inflation and interest-rate rising in our economy doing very badly and they will realize they will have to have performed to pick up the pieces. so if they don't do that, if you have runaway inflation and the dollar collapses that's bad news. it's bad news economically and then you have the zimbabwe example but you know zimbabwe had runaway inflation and we don't hear them in the news anymore. they have a new currency and they reestablish their system and they are back function -- functioning again so it can be done. .. pretty strong. hopefully when the revamping and reforms that well know

liquidity. the picking up of chinese growth has been helping but that is also not that convincing because china's data has been disappointing. it is primarily a liquid with the story -- liquiditygrowth and change, it is not really there. >> we need to assess how we look at the emerging markets. if that indicates it is not growth, who is structurally changing the most? you have new government in india. we have turkey going to a presidential structure. who and where do you look at the most potential for restructuring and therefore delivering the best value? >> we need change almost everywhere so it is very important. if you really need to see growth picking up. so far, it is mexico. that is a really good story on the reform side. india is very encouraging but has been disappointing as well. indonesia -- >> you have greece in your preferred markets. is that a positive because they are showing such potential or should they take that as an insult? >> it is not an insult. greece is the typical turnaround story. they had their prices already. some emerging markets and might have to go into a crisis. defenseore or less a story because the main markets were having a different theme. i

liquidate accounts. we do not have any information that accounts have been liquidated, but a bank that did receive a briefing from the fbi was not one of the victims, but was told that, in fact, what was taken was consumer data that can be used to liquidate accounts, which is a pretty startling thing to have to deal with for any bank. >> is the public and warned? what are they doing to prevent these accounts from being liquidated, or any additional action? >> the banks are trying to figure out what needs to be done. they didn't tell us or give us any extensive comment on whether they have been dealing with the breach and how they are dealing with the loss of data. right now, we do not know what the banks are doing in terms of trying to warn customers or clients. if it is commercial customers, they could be trying to do that directly. this is a really big amount of data. my guess is that if they are warning people, they've got a lot of people to warn. >> joe, as michael mentioned, this appears to be a very sophisticated attack. what can you tell me about how they did this? obviously, a company like jpmorgan have certain controls against these kinds of things, but they were able to find a way in. >> human error will always be our biggest d

remains that liquidity will be diminished. liquidity will tighten.hink the central bank of russia will need to accommodate that endogenously. it continues to raise interest rates. obviously, good for the impact of economic growth. think the main channel by which economy could be affected will increase in capital outflows. this means that money will be leaving the country. this will put pressure on the currency. of the year, the dollar/ruble exchange rate will be 38.1. this is quite a significant impact. >> ivan, we will have to leave it there. thank you for your input this morning. akarov. >> aladdin is my personal favorite. the entry -- entertainment world is mourning the passing of robin williams. we will have that story and more when countdown comes back after this short rate. -- short break. ♪ >> welcome back to "countdown." just over an hour from most market trading for equities. time to look at our top picks for today in the papers. with the guy, mark and mandi, aladdin, mrs. doubtfire. what a range of talent. >> very sad. robin williams is dea

card is not to hugely liquid so what we've come away with is probably fifty percent of an ace liquid currency calling which is fantastic and we've got fifty percent of the less liquid. the master coin which we're kind of holding for the time being and see what happens there but with good reason to believe those guys are you know going going to do some but because of the next next few months so right so so master cohen is i guess people call this big going to point out. it's more of a oh well how would you describe it i would describe it as a way of integrating all those things into the book chain so you can just basically you know a lot of the things in the book that isn't similar to a colored coin concepts are probably a smart property a color coin so you take an individual coin and because big coin is being created on the hop for another million you know ten million coins or so over the next hundred years yeah this is an idea idea to pull one aside and say it has a limited supply right now and you can do a stock offering you can do a deal offering you know you can trade as a contract offering yours of course a save point it's proof of it's proof of resource versu

as much as i think mario draghi is providing liquidity, he is trying to keep the liquidity in the system with the bucket of water. the liquiditylly going to turn into qe further down the road. is thealysts saying it only option. it is the only option they have left, they need to go big. >> how much of a difference does it make western mark you look at spain.yment in italy and a lot of that is structural. mario draghi will admit that, nothing he can do about that. you have got the french calling for more action, they want a lower euro, etc. those guys need to get more competitive within europe. they need to reform. 2% target, below the but what he can do about it remains to be seen. >> absolutely crucial. another piece of breaking news, jpmorgan relating to the hack attack. possible russian connections here. anna has been having a look. >> getting a bit more detail on the size and scope of the hacking at jpmorgan and possibly a number of other banks. someding to our reporting, previously unknown software flaws are being used. it appears the hackers were able to dodge jpmorgan's detection system for months. the month of june to

liquidity and the access to liquidity is a very key feature of this.ckly fox was able to raise a certain sum of money. but not an infinite sum of money. there is not an infinite game out there. kind of bubble mentality in which people are fighting to do existential deals. bankersdo you think the are going to be saying? saying that there is a big break in the system. nevertheless, if they were looking at the landscape and thinking of m&a and how they're going to reposition the business and what is next, what will the bankers be telling them? >> they will recommend whatever brings in the most fees, which is why they exist. mean all probably renewed effort to sell t-mobile, likely to one of the cable players in the u.s. and to find a way to put that money to work in europe. partly through network investments, which will be more important as we move to 5g. and then perhaps m&a. europe has something like 200 distinct mobile operators and the u.s. has four or one day three. this consolidation is going to come at some point in europe. it is just a question of

liquids. >> go look at your cameras. if i threw out some liquid -- >> the camera would show it. >> when they first would open -- it, there would be liquids on the floor. >> you actually closed the door yourself? >> when the door's closed it looks like this. he was spraying it out like a hose. see right there? he's actually shooting it out. so you come over here, you can see whatever is all over the walls, the wet spots over here. that was all feces he was shooting at us. if you look at my pants, there's feces on my pants, feces on my shirt. he was throwing feces or fecal matter, whatever you want to call it. >> they say i was throwing liquid out the door. >> there is feces and urine all over yourself. >> where? >> inside of your cell. >> there ain't no feces in my cell. >> there is. >> go look at my cell. you see if there's any feces. >> tell me what your point is, kevin? you're saying that you didn't do what they said you did. >> exactly. >> well -- >> [ bleep ], [ bleep ], put feces in my damn cell? [ bleep ] i'm talking to you -- >> where is the feces at? i don't see no [ bleep ] feces. >> it's in your cell. >> all these camera men --

purchasing power of the dollar, the real debt goes down so the debt will be liquidated and when it is liquidated it will be totally liquidated if you have runaway inflation which is a possibility, then you have to restore soundness to the economy by having free markets and sound currency, get rid of the fed, but you have to change the attitude of the people. the people can't say i am on food stamps, i will die if i don't have food stamps and the military-industrial complex says what about our food stamps because we are the important people, we make weapons to protect our country and of course the weapons aren't necessary. as long as you have that is going to be very bad. so we have to at the time the bankruptcy occurs and liquidation of the debt occurs, then we have to have people firmly convinced the economic system and foreign policy system we have today is completely wrong, there has to be a respect for our privacy and civil liberties and it is all back to getting a majority of the people to go along with our intellectual leaders to say that individual liberty can solve these problems, the constitution is a good document

liquidation, it is the root of the word liquidity. the biggest risk that overhangs the market is that if investors rush to the exits, you mentioned the loans. has historically been a more illiquid asset class. i'm saying that in terms of trading. they're obviously price on a daily basis. they are over the transactions. once we have intraday liquidityn something that perhaps the underlying assets is kind of liquidity. we continuemething the funds within the space. is a nicere there balance. today, i don't see that being there but it is obviously on our list of concerns. >> the risk is that everyone runs for the exits at the same time. the question is, who? is the risk being distributed broadly or do you see concentrations building up in very large funds who cannot take enough risk in the underlying product and as a result have to result to derivative products which in some cases carry counterparty risk which adds another player of risk into the discussion. walk us through that if you don't mind. are we talking about the new intervention of the products that are taking place and those new products, are they leading to this new level of credit risk? i think the answer is no. anre talking about investment bank making markets in the total return swap. does this require institutional investors? you were talking about and experienced inv

liquid etf. >>. you. speaking of liquidwe are keeping a close eye on bank of america this morning because the stock is gaining, the cash stock is gaining on news that bank of america has raised its dividend and dropped its plan to buy back stock after the federal reserve capital plan. in theise are you seeing options market? >> it is very active today in the longer term options. capitalizing on dividends. they are basically dividend trades. bank of america is a dividend trade. that, the new expected rate is another nickel for the next year. we are seeing conversion trades isthe market, or somebody selling -- were somebody is telling the dividend to take advantage. share is up by him as $.32. -- is up by almost $.32. tell us what you have in mind. >> i am somewhat bearish here. if you compare to how media has hasormed -- nvidia performed. it has underperformed. all the other stocks of an rallying. .his does not bode well it is a good company. it has a decent tax balance. my trade is to sell a call spread, the weekly call spr

liquidity. >> it comes back to liquidity, so people do not want to commit to being in this in the long haul whenoaching summer regardless of what the fed says. >> and even when they do not know exactly when the end will come? >> exactly. >> lisa, thank you so much. we will be back "on the market" once again. "market makers" is up next with erik schatzker and alix steel. ♪ >> live from bloomberg headquarters in new york, this with erik makers." schatzker and stephanie ruhle. >> top cop. wall street lawyers up. you will hear from the manhattan da. >> sprint replacing ceo after deciding to pick off takeover talks with t-mobile. >> will he name names cap go the man link to this their right scandal has been arrested. prosecutors say he is operating with the investigation. good morning on this wednesday in new york city. it is "market makers." happy wednesday. a ridiculo

liquidity in long-term bonds. carl a story that keeps coming up. gapping down in the high yield market trying to get out over and over again. so much liquidity from the fed and yet so little liquidity in trading. >> wow. they say we're living in an era of the broken social contract. that's one more example. michelle, absolutely incredible. >> yep. >> thanks. michelle caruso-cabrera back at hq. >>> jon steinberg joining us. good to have you in. >> good to be here. >> talk about yahoo! here. trying to do its part to help aspiring small business owners. today the company's introducing yahoo! stores. a next generation ekmert platform will help anyone start, build and grow a successful business online. for forea cnbc exclusive interview, the business chief. >> good morning to you. >> walk us through what this is all about. >> yeah. absolutely. and i'm glad to be talking to you, talking with you about this. you know, over the last 15 years, yahoo! small business has helped over 1.5 million small businesses start their entrepreneurial journey helping them get a domain a website, an ecomass presence. they've processed over $65 billion in transactions so 1.5 billion customers so far. what w

liquidity. you usually go overboard and injecting liquidity. and the number, the emerging-market crises in the bubble and the dot com bursting, all of those caused the fed to lower rates. along and that is when greenspan woke up so morning saying, we're japan. we are heading for deflation. we need to lower interest rates to 1%. you cannot tell me -- bernanke all denies it. that this had an impact because the real estate boom was worldwide. will guess what? the dollar is a worldwide currency. if the fed lowers rates to 1%, it is going to have an impact all around the world. flowed easy money that during that time was just unbelievable. so, i blame. there are a lot of people to blame here. and you also have to blame wall street. wall street just walked into it. in a deregulatory environment, which was there at the time, wall street has to be held accountable for their excessive creativity, but ultimately, my argument is that bad government policy creates bad business practices. if government sets the right rules like they getting canada and australia, you would not have had this crisis like you did. so, there are plenty of people to blame. yes? >> yes, sir. if i can have your view on this. as we look at economic strategy, america has been -- spent -- in by foreign years powers. of late, the chinese wanted buy 50,000 acres of farmland. do you see the shift from trying to conquer america to controlling it through an economic system? >> yes. and this is been an issue that has gone around for years. certainly it was one i remember very well when japan was the powerhouse in the 1980's and sony and everyone else coming along, buying a polup hollywood, rockefeller center. they have had their head handed to them for engaging that. find the same situation, but yes, any country that has a lot of foreign growing veryis rapidly, you have to diversify. i am very much a supporter of open capital markets. the minute you start rejecting capital and so forth, you had better be careful because you will get unintended consequences. so it can be a very dangerous game. so, i would not want to impose capital restrictions at all, but yo ucu send out a few warnings about maybe you ought to look at the japanese as an example of something. do you want to go down that route? because it has happened before. yes. the financialss crisis because i read robert shiller's " irrational exuberance." that came out in 2004. >> the the second addition. exuberance," perfect timing. it came out in early 2000, right at the top of the stock market. the second edition came out in 2005, just two years before the real estate bust started. >> with that in mind, but that is not my question. my question is how federal reserve policy and ben bernanke, because ben bernanke followed the friedman playbook because he was a big fan of monetary history. he injected all of this liquidity into the banking system. >> friedman would have done the same thing. >> but the money did not go anywhere. we have nowrecovery came about because of the automatic stabilizers and the stimulus. -- said the stimulus should have been $1400 billion instead of$700 billion. i think that ben bernanke changed his mind when he went before congress and said we need to get stimulus but we cannot get stimulus to the congress. >> first of all, ben bernanke didn't fol-- did follow friedman 's rulebook on monetary policy. however, did not follow the playbook on fiscal policy because all of the friedman studies show that fiscal policy imperfect, unable to achieve the goals that he, you want to achieve. so friedman would have been very much against tarp. you also to talk about waste. most people agree that tarp was wasted in many ways, although, some purchases of securities by the fed and tarp have been paid off and that has been a positive thing that came out of that. so, let's not forget that the go

liquidity for so many years, now qe is not only the on way to provide liquidity, but that's tapering on the floor significantly. now people are buying in anticipation that the baton will be handed off to the ecb. all they have been done is jawboning. that's been very effective, because the u.s. has been providing this liquidity. draghi, if all he continues to do is jawbone, that won't fly with the liquid going down from the u.s. so i think it would be important that the ecb not only announces a qe program, but a significant one. the market has had this huge run for really the last two years. >> still a lot of unbeliever out to quote vampire weekend and the band. how do you convince them? change your tune a bit. it's friday going into a long weekend. >> one thing that nobody can ever explain. it seems around all long weekends the market seems to rally going into it and coming out of it. more than that, of course, if you want to be positive, you look at what the economy is doing right now. it's improving on so many different fronts. you look at the citi bank economic surprise index. that has broken out filesly here in the last few weeks and already been rising through august. the one question, of course, is whether that -- just because it's getting better, does it really justify the 56% move or rally we've had

one day the company, the contractor they used to pump this liquid -- they used a, option of liquids to try to hydraulically fracture to shoot high pressure at the rock. one day the use way too much water by accident. they use 99.5% water to try to get natural gas out of this well. low in the hold that actually produced a pretty good amount of natural gas, nothing dramatic but pretty impressive amounts. everybody in the industry said it's a one-off, it's a fluke. go back to these expensive kind of homes and other kinds of methods and concoctions. steins berger said we are not making much progress with those other kinds of ways of fracking and water is much deeper than the foam so let's make it work. let's see if we can make it work and do trial and error. the crackers -- "the frackers" is about trial and error and persistence and resilience. that is what they did over the next year or so. they focused on it and worked on it and found a way to get natural gas to come from shale. berger and his team change the company because they were able to sell the company a few years later for $2 bil