liz claman sitting down with one of the most influential financial leaders of the world, imf chief christineagarde. liz. liz: 188 member nations put money into the imf. here's the deal. us is one of them and all of these countries get a state of the union if there are comic. we got our set a. what does it say in what should you be worried about for your money? stay tuned with my one-on-one interview with christine lagarde managing director of international monetary fund. ♪ ♪ (mother vo) when i was pregnant... i got more advice than i knew what to do with. what i needed was information i could trust on how to take care of me and my baby. luckily, unitedhealthcare has a simple program that helps moms stay on track with their doctors and get the right care and guidance-before and after the baby is born. simple is good right now. (anncr vo) innovations that work for you. that's health in numbers. unitedhealthcare. when folks think about wthey think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advance

the closing bell, liz claman right now. ♪ ♪ >> the u.s. recovered all of the 8.7 million jobs lost in the great recession, but what do ceos think about hiring? we have three who are titans of their industries. outgoing ford ceo alan mulally will talk his tenure at ford, gm's ignition crisis, what advice he gave to eddie lampert, and what's next for him. ceo and cofounder adam goldstein just rolled out some big changes. how does this start-up stack up against expedia and kayak? and will it ipo? and the ceo and president to have breeders cup ahead of tomorrow's belmont stakes race. kentucky derby and preakness winner california chrome facing enormous pressure to clinch the elusive triple crown title. "countdown to the closing bell" kicks off right now. ♪ ♪ liz: good afternoon, everybody, i'm liz claman. you might say today's jobs numbers were just good enough. with payrolls rising by 217,000 and finally hitting pre-recession numbers. good enough to please traders and investors. records already, right now, all major indices higher. the s&p an

liz claman got a chance to sit down with the imf managing director, christine lagarde, in a first on erview. she joins us thousand from the imf headquarters in washington. liz? liz: david, first of all, welcome back. and, boy, this is kind of an interesting gift from a journalistic stand point. their annual state of the u.s. economy report that just came out today, i found -- some people find it obnoxious, i found it gutty, interesting, really, really fascinating because she is making all kinds of suggestions, she being christine lagarde, the imf managing director. she thinks if the u.s. were to adopt them, we would improve our economy. things like eliminate individual tax deductions? how about raising the minimum wage, hiking the gas tax? all kinds of ideas come from this report. whether they'll be adopted, we don't know, but we begin with her assessment of why gdp needs to be downgraded for the year, but what happens next year too. >> q1 was dreadful. q1 predominantly because of weather-related issues was very bad for growth. the turned into -- the u.s. turned into negative territor

i am liz claman. it is the last hour of trading, the all-important last hour and for many investors it is all about media today. media named to the big winner as broadcasters are soaring after the critical supreme court ruling against aereo, the service that allows customers and people to watch and record over the air broadcasts through a network of tiny antennas. we will bring much more on this landmark case regarding copyright infringement in a moment the first sox are about to score their first game of the week despite a stunningly weak reading on first quarter gross domestic product. gdp contracting nearly 3%. normally this would be bad news. it came in lower than previous estimates, data raising fears about growth for 2014, but the markets are not fearful at all. durable-goods orders, big ticket items, those order numbers fell 1% in may. shares of google, event that these companies are having on becoming a real stock drivers. google moving hire by 2%. the aereo impact as we look at apple down $0.

basically, anyone can sign up, anyone can have liz clay han@yo d claman@yo. ther thing. liz: well, somebody's going -- >> it's okay because the people who have installed it have given their phone data to this company that clearly doesn't have their you know what together quite yet. liz: the skeptics are swirling like vultures, colleen, aren't they? i even read one quote that said the creation of this app, one in order, yo, is the sign that the world is going to come to an end and that there's going to be a major crash because there are too few big money players like facebook and everybody else throwing too much money at all these apps that are out there just to kind of grab some real estate. >> it's absolutely true. i don't know if this is really the sign of the end of the world or that the economy as we know it is on the edge of a great, you know, fall that we're rome before the fall here, but i think this is why this has caught on so much in the past week. it's just been a lot of shock, i think, that this app got $1.2 million in funding at a time when cancer

let's bring in liz claman with a look at what is in store for "countdown." w have the computers tend to general motors, if it doesn't happen in your show, we will get to it right away. 36.85, that is where it was halted. we will see the second it opens what it conveys at, we will bring back jeff flock for the latest pretty significant recall 7.6 million vehicles. it is halted at the moment pending this news it appears they were more recalls and more fatalities. a better story out of the auto world, city spends about to launch brand-new electric vehicles, this has got a ton of buzz, we have been talking a fox's as exclusive mercedes-benz usa ceo and president coming up not just about that, but a new suv trying to get more aspirational buyers in here with some money. luxury segment has done brilliantly. and the soccer ball that could power the world in my han handst on your screen, it goes from kinetic energy to actual ability to plug-in and power for the third world so they don't have to use dangerous kerosene lamps anymore. the founder is nigerian but she mad

the closing bell, liz claman right now. ♪ ♪ >> the u.s.jobs lost in the great recession, but what do ceos think about hiring? we have three who are titans of their industries. outgoing ford ceo alan mulally will talk his tenure at ford, gm's ignition crisis, what advice he gave to eddie lampert, and what's next for him. ceo and cofounder adam goldstein just rolled out some big changes. how does this start-up stack up against expedia and kayak? and will it ipo? and the ceo and president to have breeders cup ahead of tomorrow's belmont stakes race.

david: listened to liz claman. all about liz claman. liz: it is all about me.eir services through facebook and twitter and social media platforms. ads on social media sites are not as effective as a lot of investors may think. liz: we knew that, didn't we? our own jo ling kent digging into the story. jo? >> they're turning out according to gallup. american companies spent $5 billion on advertising on social media yet users may not be responding at least not yet. 62% of the adults say social media has no impact on purchasing decisions. 30% say there is some influence. 5% say there is great deal of influence. they're admitting it. 20% say they don't know. break it down by generation. the difference is pretty clear. some say it has influence. 34% of the again x. they see some influence. 26% of baby boomers believe they're affected and on down. google, face back, twitter, linkedin, we're watching all the stocks but doesn't mean that social media is not paying off. remember this survey covered only adults without considering that big spending demographic of teenager

our very own liz claman. hort man suit and chris christie dancing, i am speechless. we will try to top it. we will. we have a market that is moving higher on this friday. first off, we know. we do not forget stories just because they are two days later. every single corporation in america is watching this segment coming up. we have the ceo of palo alto networks. the best firewalls around. we have the ceo, mark mclaughlin . this is a stock that is up 73% year over year. speaking of fears, we are looking at the fears of what is going on and i rock. there are all kinds of thirds of violence. guess what else is flaring up. oil prices neared we have a panel to talk about what is going on on the ground and what may happen to oil prices and oil stocks next week. do not jump off on a vacation just yet. melissa: why stop at just a regular cup of joe when you can get cracking on a whole case. this one pass to be seen to believed. you can never have too much money or too much caffeine. ♪ ♪ i think i will go outside for a

liz claman will be all over this in the next hour, that is all we have for you right "countdown" starts right now. liz: second-half playbook. a turning point for your money? stocks could take a cue from economic news this week including the critical jobs report. get your game plan right here. mercedes put put the pedal to te metal with rivals bmw, audie, lexus and tesla. it is about to begin shipping its answer to tesla and bmw electric cars. how will it win? mercedes-benz usa chief in a fox business exclusive. plus, world cup fever sparking innovations. we have the soccer ball that generates energy simply by being kicks. it can bring light and heat to less developed nations. the founder from rio. an electrifying "countdown to the closing bell" starts right now. liz: good afternoon, everybody. breaking news in just the last few minutes general motors shares have resumed trading. they had been halted. general motors announcing six, we repeat, six saves recalls covering 7.6 million vehicles from 1997 through 2014. look at the chart, gm before it was halted was higher. you can see the drop

joining me now is liz claman. seconds ago we hit session lows and we have come back off those floors, but we are watching this closely. much of this has to do with what is going on in iraq and we will watch oil prices and oil traders and oil experts to talk about whether you should be investing in oil. stocks right now-- we are also talking about the consumer and how much money he or she wants to spend on luxury goods. so, why not bring in a little oscar de la renta . yes, that's right with kevin ryan the founder and ceo, which, of course. is that great site. we also have the ceo of the couturier-- oscar de la renta and we are going to talk to them both about how the high and is consumer and the wealthy whether it's the chinese millionaires or the us new rich, how are they doing? plus, world cup. we are talking soccer and the world cup economy how many companies are benefiting even just from the halo of the world cup. see you at the top of our. melissa: are you going to watch, liz? liz: i'm a hockey right now. meli

liz claman gives us a preview of what to expect in the next hour. liz: the server look.he middle finger plus the chili pepper. we are seeing gains that we have built upon since this morning with news that just broke on your show that the president will be having a private meeting with members of congress regarding violence in iraq. it will be interesting to see what happens but the market seems to be liking that or not upset by it. you have been talking about the amazon phone that will be unveiled tomorrow. wait until you hear what our panel has to say about it. at&t is flat. blackberry up more than one%, nokia is up too. i show this competition that we talk about here. the it c senior mobil research analyst, they have all kinds of thoughts and christina has some intel about what the meeting is going to look like tomorrow. it will be made an and excitement. fox business will be there and i want to quickly mention men's shoes. what is that about? a new company called paul evans, start up nation story continuing and we have the two guys who co-founded this and are running

liz claman joining me now. liz: we are watching the markets. we have seen moves to the upside. that the markets were a little overstretched. we are also watching hewlett-packard. dow component. a widely held stock coming up. revealing it to the world. director of hp is going to unveil its next weapon. it has a very interesting name. it is called the machine. killing it when it comes to research and development. we have the ceo of electronic monitoring. he is coming on. ea. the gaming that everyone is talking about. no more battlefields. all kinds of games. talking to fox business about that package software. are people buying it? stay tuned. we will see you at the top of the hour. melissa: the most influential people of all time. basically, we have a 70% chance. sorry, your princess is in another castle. nintendo's new plan to get us back into the game. at the end of the day, it is all about money. ♪ all stations come over to mission a for a final go. this is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. sta

joining us now liz claman. what you have? checking something because as we look at the markets there is a stock that is widely held. it's a dow component. it's intel that we are going to focus on today. not only do they have 3% dividend they have something that is super cool that they've just come out with. is called pocket avatars apt to read melissa, i'm going to demonstrate live on the air and you can actually start sending immediate instant messages to your friends, family, coworkers as a george washington, president obama, a line, you name it. we have intel corporate vp. look at this. he should just be named the cool czar at intel. he his here in studio and we will demo it like no one else. and we have a bold debate, two bowls and what has the highest level on the s&p is a projection on the entire street. we are going to talk about why both expect a correction and why both still love stocks. melissa: list, we. now to something i just had to show you. forget the rising machines, what about the duck uprising happening righ

good afternoon, everybody, i am liz claman. before we get to the market, much of which has been in record it territory. do you speak the language swift? apple unveiled a new programming language called swift. we will tell you all about it when we take you live to san francisco for apple's much talked about worldwide developers conference. it appears back to the record we might have no records to add to the dow, to be saf the s&p. dow jones looking at a second straight record) s&p looking at their third record in a row, and investors getting confusing messages on the economy. the reported a slow down in the manufacturing index for may. just about an hour after 10:00 a.m. eastern, the isam was revised upward. that caused the dow jones the skill to move higher, and 45 minutes after that provision they said wait a minute, we are not done, we found another mistake. another revision saying it incorrectly adjusted the adjustment. the final number, 55.4, slightly under analyst estimates. u.s. safety officials investing if a chrysler re

that i get that price when it trades there and i'm not, you know, working or driving or talking to liz clamanou know, it would have worked perfectly say, for example, with solar city. you could put in a stop order this morning. if we showed an intraday, then you came in, you didn't even realize they were going to make this announcement that they had acquired another company. the stock shot up. you could have made more than 10%. i mean, this is incredible. but that's hard for people to do at the top, to put in stop orders. easier to put in a stop loss order, isn't it? >> right. a stop loss order is something i put in under the market when i buy a stock to make sure that if the stock that i bought drops too much, then i'm out of the stock, and i'm not riding it all the way down which is a fatal mistake many investors make. liz: here, for example, is a stop order on apple, hedging against a loss, right? so explain to us what we're looking at. >> all right. so let's say i buy am for $70 a share because i'm david asher, and i think it's going to infinity, all right? [laughter] but especially in th

liz claman and "countdown" starts right now. ♪ ♪ liz: irrational exuberance or a new era for stocks?et another winning week with the dow and the s&p going for their sixth straight day of gains despite the chaos in iraq and the fed and the im, the cutting u.s. growth targets. is it safe to keep your money in stocks? one of the smartest investors around is here to guy guide you. >>> thinking outside the juice box. the green juice craze has millions guzzling it, but what to do when you're on the go. start-up aloha has the answer. the ceo and founder who sold his last company to ebay for 220 million here in a fox business exclusive to tell us how he's cashing in on green. >>> and what's up with hackers, yo?

trading with our very own liz claman. you want to try to follow all that? w with an amazing number and we have just gotten it. u.s. light vehicle auto sales for the month of may. blasting to the moon, 16.77 million. everyone is expecting 16.1. chrysler itself was asking for higher than that. mailing it pretty dramatic. the come back of the auto industry, toyota at the helm of it. the top guy who follows every bit of detail when it comes to toyota because he is the guy, toyota voter sales vp and general manager. talk about the camry and their numbers which are up 17% but what about the luxury segment? they have a name and a panoply of cars that has done extremely well. we are also doing a sort of day after the apple world developers' conference. what really came out of it? now we turn to samsung which has come out with the galaxy x phone, the samsung x which was a totally different focus on it from android or apple. stay tuned, a brilliant round table on that and more and the s&p turned positive. melissa: can't wait. a big fashion deal but even the famed desi

melissa: joining us now is liz claman. what do you have for us? the dow just turned positive. red, green, red, green. a record tonight. the triple crown did not happen. that does not mean that dollars have stopped for victor espinoza. the jockey of california chrome. he is coming on. he says it is not. we could ask him what he thought of that. he has been supported by a lot of fans. some say he could have made some tactical errors. what is life like after the almost triple crown. melissa: anyone with a piece of twitter is taking money today. the stock is searching. investors are getting excited over new partnership. the stock is jumping about 2% right now. the cofounder has more than 22 but in shares. definitely something to tweet about their. still worth a whole lot of money. missing out on the triple crown. he did not even make the top of the track. they will still be netting nearly 500 times more. a lot of money. this man out in the suburbs of portland who lives in a boeing 72746 months of every year. he bought it for $100,000. do not forget the kitchen. now he is looking to

here now is liz claman. a sneak peek at what is coming up in the next hour of her show. things happen. [laughter] a couple moments at the waffle house. okay. this is a 12 and a half billion dollar holiday. that is how much people spend overall in the united states for father's day. you need not go past a certain company's shares. they have everything from baseball mitts to k2 skis, coleman grills, you name it. we are watching gm. the stock is just barely higher. we will take you live to a general voters dealership. we will get his real feel that what happened at that meeting. melissa: look forward to that. the senate is set to float on it tomorrow. peter barnes right now on capitol hill. take it away, peter. >> coming just a two days after the president announced he was expanding his program. over $1 trillion in student loan debt out there right now. elizabeth warren wants to move that further down the field with her legislation to try to allow students to refinance those student loans. how will this work. >> there are people who borrowed money to go to school. they are

liz claman, what do you have coming up? apple second by second because the worldwide developers conference is coming up. now, what you've seen as it occur ands as the new headlines come out of it all day and tomorrow, we are going to not only get you tick by tick moves on what tim cook says, but we're going to bring in brian from morning star and ed coward of eagle asset managements who owns 330,000 shares worth of apple. did they hear what they needed to hear? the stock is down right now, it has completely reversed. we're seeing exactly what comes out of it. and on top of it as i know you have covered this, phil mickelson, the vegas better and, of course, carl icahn story. charlie gasparino's back, but this time we're pairing him with a former federal prosecutor, doug burns, and paul miller. he's a just former special attorney. how do they start to look at suspicious trades, and how suspicious is this one really? all of this and more and, of course, the records of the s&p might hit again today. melissa: liz, thanks so much.

liz claman is standing by. last hour of trading is upon us. ching the markets and about to see what the twenty-third record for the s&p 500 so we are on stock, on your portfolio, on money. one of the big winners is a group of broadcasters, the aereo decision, the biggest cheer the ingraham for aereo is the consumer electronics association. fox business exclusive with gary shapiro who runs it and we will be fair and balanced and have john payne, a law partner who was for the broadcasters and content providers talk about that and in a late add, fox business exclusive with the man who more than 30 years ago focused on the same type of battle, he was president and chief operating officer of universal fought against sony and sony's betamax, lost to the supreme court level, he will be joining us from los angeles to give his reaction to this. very interesting context, plus 3d printers, those stocks were skyrocketing over the past couple years, by 2,000%. the pullback lately, but today 3d systems, one of the leaders unveiling a brand new ability, scan

melissa: let's check with liz claman for preview of what is coming the been the next hour. just talking before about yo. we have the ceo. the hasn't slept in 72 hours as he tries to figure out how to deal with the hacking incident for his one word apps. he found out and it was a 15-year-old kid in the d.c. area. we have them both together for the first time, a fox business exclusive. wait till you hear the story from the kid, i say at turner just finished his sophomore year in high school. he was hired by yo. a very interesting story. we have got them both live. it will be interesting to see if the supporters still maintain once they figure out that the hacker is with yo and figuring out how to close loopholes and the ceo of red air when be on the top and bottom line but they have much more ahead as they take on big names like microsoft and oracle and the cloud, stocks of 24%, just about 20% over the past year. i take the chicken, i would. and another restaurant called smoke oil salt in l. a has a great review. melissa: it sounds more appetizing. something about it, i am su

melissa: let's take a look at what liz claman is up to next on the closing bell. k you so much. we have ceos, we have is this leaders. this is the aluminum company, alcoa, they made a big acquisition and he is here sitting on set talking about aluminum, aerospace, and what it will do in the auto world. the stock is jumping pretty dramatically, 2.5%. alcoa, it is tough to move that stock. and the outlook for aluminum prices coming up. charlie gasparino saying watch out, 4:00 p.m. eastern you will find a lawsuit filed by the new york attorney general. new york attorney general eric snyderman charged defeat and all kind of issues regarding the so-called high-frequency trading. we've got them in the studio, test on fox business, eric snyderman. charlie and i will double-team that interview. and solar we told you when we talked about solar city not to count him out. the stock is jumping once again, they are such an interesting business model not only do they lease, they install and are manufacturing solar panels. a fox news exclusive. and the stock is up about 100% over

but elizabet liz claman had then her show, she asked what he thought of the reaction to that. >> he loved his horse, and i think every owner, he they life their horses -- they love their horses, the horse is awesome animal. >> he loves the horse, j.t., do you forgives owner? >> i do, it was an emotional moment, he was on television, he was upset his horse got beat, millions of revenue of marketing coming off a win or a loss, a teaching moment for everyone that owner was a soar loser, right after he got beat, he should have took the high ride, and congratulateed the owner of the winning horse of the belmont, it was a bi mistake. cheryl: he did apologize, what did you think of that apology. i know people that own the horses they love them, it is hart breaking when they lose. >> yeah, i think, it was sincere in terms of soar loser, the aim of money lost, j.t. is right in terms of off spring that could have happened off of winning triple crown. and selling off off spring it could have been huge, have you a soar loader, i am happy he did apologize. cheryl: very quick. i have to ask about cup c

liz claman interviewed imf director in a first on fox business interview.what she had to say. >> in the short term there may be some jobs lost but when you look at the significant increase of income, we believe in the long run it will be net positive for the economy and for unemployment as well. jo ling: i want to go first to rob morgan. tell me, what do you think of that, do you agree? >> i don't agree. i do agree that jobs are going to be lost if we have a higher minimum wage, but unlike her, think it is a long-term phenomenon. i think higher minimum wage is a job killer. if you are managing a payroll in aggregate and the ceo of a company is saying we ought to keep costs down, you'll find ways efficiencies getting rid of people. i disagree with that. jo ling: david, what is your take on this? >> i would also disagree. a little business experience would support raising the minimum wage as a way to increase the workforce. i think it is consistent with ben bernanke dropping money from helicopters. the idea is to get my directly into the economy as quickly as

melissa: heading into the last hour of trading let's check with liz claman to see what she has coming jam packed because as we go to the end element is the end of the month for the trading session. we are watching markets. and the wall street journal breaking news right and left on the grand jury that now has brand new evidence that does not look good for top executives of general motors. we are watching that but when we talk about the market's the best way to proceed going into the month of july we have a bond guide and equity guide talk about why each one feels the way they do about that. john miller, and billions in assets under management, close to 100 billion just to be exact and they are calling it the uber or the shares m for wine. you can photograph wine labels when you are at dinner or lunch or breakfast depending and it will put you into a database, you can order wine or do anything when it comes to, we have the founder and ceo, this is the most popular apps on itunes when it comes to that, food and wine, the best new apps in all categories. alex fishlynn is the ceo of delec

. >>> takings through the next hour is liz claman. arde today. very nice, congrats on that. liz: well, you know, i'll tell you something, there are a lot of questions about the economy, and today when the imf, the international monetary fund, came out with its annual report, here are the questions that we wanted to know: could what's happening all the way, thousands of miles away in iraq, the violence and the islamic militants, could that reach over and affect our recovery that we are experiencing right now? how about russia cutting off ukraine from its own gas supplies? would that end up hurting it? well, in the report released today the annual u.s. state of the economy report from the imf, those questions were not addressed, so fox business asked them of christine lagarde. coming up, three p.m. eastern, you will hear her answers to that, and they are very serious, they are very, very focused, and they are headline-making. because when you start to wonder, wait a minute, we don't have any real crises right now at least domestically, c

joining us now, liz claman. you are always working hard, what do you have?tching the king's game. have a great market happening today, but there are major headlines for both overseas going negative, but also general motors. there is a certain discussion that was threaded through with some of the other gm executives about which steps are counted and which don't in the recall nightmare that people on the backseat don't count. that may be accurate but did they just stick their proverbial foot in their mouth? we will be watching the stock, we will be watching the story with general motors experts coming on plus it is a plane, a bird, a motorcycle with a roof, air-conditioned with windows that go up and down? a freewheel's creation, and we have the guy who founded the company and the ceo, part of the startup nation fox business exclusive, who is his market? another exciting story, great american entrepreneur we have him on fox business exclusive. melissa: forget learning gecko and the wealth of wall street, it is ackman coming to a theater near you. and getting p

. ♪ ♪ liz: good amp, everybody -- good afternoon, everybody, half of monday, i'm liz claman with oneo. a seventh straight gain for the dow and the s&p is looking out of reach, but that is not stopping some major deals. first off, the the dow jones industrials, take a look, down 24 points, but low of the session, we had been down 51. as for the s&p, at its low down about four, right now down just about one of and a half points. now, on friday both of these indexes set new record intraday highs and closed at all-time highs. the biggest winner today of the s&p 500 is integra's energy group. shares of the utility company jumping 12%. why? well, there is word that wisconsin energy is going to buy it for more than $9 billion in cash, stock and debt. wisconsin energy pulling back just a bit, by 3.5%. that's not the only big money deal announced today. yes, it was a true merger monday today. oracle did confirm buying micro systems for $5.3 billion. micro makes hardware and software for travel and retail. looking at shares, it's moving higher by about three and a third %, oracle by three-quar

i'm in for liz claman today. persona follow-up on breaking news we had last hour and give you a shot of what is happening with the markets. the beige book really not moving the markets, but a couple things are coming out of it and some commentary is coming out of the beige book that market participant's are certainly watching treated let me give you a shot of the doubt. 1,612,729 and the market has been trading at a tight range over the last two weeks, but here's a story, it is about money pumping into the system and money come from governments, not just in the united states, but overseas and the commentary we have been getting in and the last hour on fox business is that basically without central banks pushing and money and moving money into the economy and again europe in the united states you don't have market right now, you have nothing, but of course we are following the markets and right now, we are also getting other breaking news into foxbusiness. this is someone that basically if you get involved and you

i am liz claman. listen to this, so far advancing militants in iraq, concerns of global oil supplies as well as not one, but two weaker than expected reports are not enough to hold back stocks. the major averages heading for their third straight winning session and today it is the small caps leading the game. the russell 2000 up a full percentage point at 1178.17. a gain of 11 points. major indices and little changed. we want to look at microsystems. it is jumping 15.5% on a report oracle is in talks to buy this maryland-based company. making software and hardware for travel and retail companies. reported price tag north of $5 billion. oracle not going down. up about a percent on 7.7 million shares moving. also today, valiant is going hostile. the former giant saying we will take it directly to shareholders with a more than $50 billion deal. they have already rejected the two previous offers and we will follow this one so closely looking at the stocks, they are up. now standing at 160.89. 2.2 million

here is what he had to say to our very own liz claman recently. >> why do you they use the cleveland clinic, shining example, of health care which is a very tough nut to crack, really should be? >> one of the things they have seen relative to other people we've been able to keep costs down and i think the reason for that is our mod definitely care. for example, the doctors are all employed. they're all salaried. and they have no financial incentive to do more or to do less. for that reason we don't see extra tests. we don't see extra procedures. that keeps the costs under control. gerri: i want to know what you made of that sound. also how quickly do they need to move on this? >> okay, first we need to move quickly. second what he said were some of the exact problems we saw within the va. they were doing excessive testing in 2010 in texas. men had to have scceenings pop three times before they get a colonoscopy. by then it was stage four cancer, way too late. in other part of the nation, eight cardiovascular in albuquerque, new mexico, seeing two patient as day which is private pract

melissa: heading into our last hour of trading now, let's check in with liz claman and see what she hasthat? liz: we can go heavy on the markets. [laughter] how about that, melissa? listen, we found who has a very interesting concept as we look at pulling back slightly from record highs. nonetheless, we are looking good for equities. so if the best time to invest was about 12 months ago, did you miss it? well, the second best time our guests are saying to invest is right now. coming up, we're going to look at the markets, look at some sectors and names with david khan and brian perry, billions of assets under management. you want to listen to them if you've been sitting on the sidelines or if you've actually been active, they've got some picks they really like. plus we did get the existing home sales numbers out, they look very good, but there is one very dark cloud over the housing market that is preventing all of us from seeing a full-fledged recovery. what is it? top experts coming up at the top of the hour including zillow's chief economist. stay tuned. melissa: liz,ing thanks so mu

liz: good afternoon i'm liz claman. if you blink your letter does today, you might have easily missed it, the s&p 500 hitting a new intraday high this morning. 1959.97. here's where we are right now, 1956. this follows a record close yesterday to read if the index were to finish up even half a point it will be another record close, but that is hanging in the balance. you can see the s&p trading off a bit, barely, but nonetheless all major averages are poised to break a four-day winning streak. volatility is still historically low. here's the one week picture it's been a slide downward. today still at the lower . not a lot of fear in the markets right now despite that it developed-- develop meant in a rock. among the biggest movers let's get names here. blackberry not dead yet. the smart phone maker beating quarterly targets, sending the stock surging by nearly 11% to read right now it's still $9.17 stock, but it's up 88 cents. the federal results are due to cost cutting to read its revenue still fell 69%. the market doe

. ♪ ♪ liz: good afternoon, everybody, i'm liz claman.is the last hour of trading, a nice rally right now, and if you think what happens across the pond doesn't affect you or your money, clearly as you see the numbers on the bottom of your screen, you're wrong. because the european central bank and what it did today is driving much of the action. today it decided to lower key interest rates to below zero, negative. how does that work? we'll explain as it tries to elbow banks into lending more to stimulate them to start giving out money so that the economies over there grow. now, the euro initially, fascinating behavior, tumbled on the news, touching a four month low against the dollar. but what you see right now is a rebound with. it's happening right now, and it looks like it may end the session at a two week high against the u.s. dollar. so let's get to the ecb rate cut. it helped lift major u.s. stock indices, all hitting record highs. at one point the dow was up 108 points, s&p up 14. we're barely off those high numbers, but coming fr

. ♪ ♪ liz: good afternoon, everybody, i'm liz claman.s that last, all-important hour of trade, and in just the last few minutes we've learned that number everybody wanted to hear about, the auto industry has just had its best sales month in more than seven years. car makers selling, and here's the numbers, 16.77 million vehicles at an annual rate in the month of may, flying past most forecasts. shares of big automakers are up after the blowout sales numbers that individual names have reported. we have complete coverage of this landmark month in a moment, including toyota's u.s. sales chief who reported a gain of 17% in may, and wait until you hear the top-selling luxury brand. >>> the love fest is over. hillshire brands is heating up. pilgrim's pride raising its bid to $6.7 billion. that tops an offer by tyson foods worth $6.2 billion. both deals could be contingent upon hillshire abandoning its bid for pinnacle. you following me? hillshire brands today saying it will hold separate talks with pilgrim's pride and tyson foods. boy, it sure

i'm liz claman and it's the last hour of trading and we have just hit session lows for the dow jonesndustrial, down 122 points. as we come up on the air the future of iraq and security of global oil supplies. to be hanging in the balance. islamic militants on the march towards baghdad. they have already taken -- we have a situation there that is very tentative. iraqi troops are actually deserting their posts, throwing off their uniforms and running away. oil prices are reacting. their rocketing higher. hitting $112 overseas. you can bet many people are focusing with a laser on what is happening now as the news flow continues. it's a three month high. look at us crude, it's trading up a dollar 93 to well above $106 at $106.34, that's about a nine-month high. earlier today we did hit a 52 week high per barrel. president obama just spoke about the crisis and says the united states is ready to help a rock. >> i don't rule out anything. we do have a stake in making sure that these jihadists are not getting a permanent foothold in either iraq or syria for that matter. liz: the white house

. ♪ ♪ liz: good afternoon, everybody, i'm liz claman.e last hour of trading in a session chock full of market-moving news. a world cup thriller between team usa, yeah, and the germans. the major averages are all off d they're all headed for a losing week, their second in the last three. today's losses are being blamed on institutional moves as we head into the new quarter next week. right now you do have the dow jones industrials down by about 31 pointings. not helping, relatively lukewarm readings and jobless claims did fall last week. that's what we want to see them do. the negative tone is not stepping tech karling gopro from going strong. the wearable camera maker making its draw pew on the nasdaq -- debut on the nasdaq today. look at it at 31.57, a gain of 31%. the stock soaring as high as $33 today, so you can see it's a good day on the first day for gopro, the ceo joined maria bartiromo earlier this morning on "opening bell." >> we're expecting to grow 20% plus, that's what the street is forecasting, and our own estimates are in l

. ♪ ♪ liz: good afternoon, everybody, i'm liz claman. what a difference a week makes.iday, totally different picture than what we have today. the dow and the s&p were headed toward new record closes a week ago. they also reached them. those indices have struggled to reach new highs. it's not the worst thing in the world, but in fact right now the nasdaq is on track for a winning week. it's the only major index that's doing so, six of the last seven. both the nasdaq and the russell, though, are moving higher right now. the dow and the s&p and the transports and the russell are all looking at their second losing week out of three. we need you to pay attention to the volume of the russell indices as we approach the close. we're having the rebalancing, remember, the russell is pretty much the benchmark for some 5.2 trillion in assets, small and mid caps. today's move, though, actually helped. it's not the worst picture in the world. we got better-than-expected june consumer sentiment numbers, but many investors still trying to get past this week's weaker economic data incl

good afternoon, everybody, i'm liz claman.d biotech happen to be the standout performers on a day where every index was higher, and now nearly all of them lower. while the blue chips are struggling to advance, it's the nasdaq that's the only major average in the green, just barely, up by four points at the moment. earlier, though, it did hit a new 14-year high. we're also waiting to see what happens with the s&p. if it posts any kind of gain, that's the 23rd record for the s&p. out front is vertech pharmaceuticals, jumping a full 40% after reporting success with a cystic fibrosis treatment. not far behind, micron technology, mu. that's gaining nearly 5%. they came out with quarterly estimates and numbers yesterday. they topped quarterly targets and forecast, better than expected sales thanks to pent-up demand for pcs. a backlog in demand also a factor in the housing market. we got new home sales soaring 18.6% in may. that's actually thest level in six years. a separate report showed that home prices rose again in april but at

. ♪ ♪ liz: good afternoon, everybody, i'm liz claman.the last hour of trading, we just got breaking news about amazon in the past 30 be minutes. reuters is reporting that amazon will launch a local services marketplace this year to take on yelp and angie's list. amazon's stock was one of the s&p 500's biggest winners even before that news, jumping up about 1.5% right now. it's yelp that's getting hit and angie's list more so, down about 2.25% or 26 cents, yelp lower by nearly a percent. in the broader markets so far, not enough buying conviction to keep up the record run for stocks today, but that could all change before the close, that's why you have to watch us. dow jones industrials moving lower by 14 points, earlier today it was down 46, so we've come back quite a bit. we have the transports lower as well by 24 points. they did close as new records yesterday, all three major indices down along with the russell and the nasdaq. we've got the russell when it comes to volume, by the way, 13% below our three month averages, the nyse volum

. ♪ ♪ liz: good afternoon, everybody, i'm liz claman.st, all-important hour of trade and with a handful of records just a whisker away, it's the small cap stocks that are rallying for the fourth day in a row, grabbing a lot of attention. but keep an eye on the dow jones industrials as well. the dow within striking distance of touching the 17,000 level for the first time ever. the question is, will it happen this hour? the bulls can hope. right now we look at the dow jones trading, above the flatline, obviously, and it is moving higher by nearly 13 points. if it closes anywhere in positive territory, it will be a new record. that's the third record in a row for the blue chip index. get to the s&p 500 -- just as it's going for its fourth straight record close, the dow transports also within reach of a new record. any close to the upside for all three of these means record finishes. but for the transports, that'll be the market's 20th record finish of the year. we need to tell you that low volume is, again, raising questions about investor