we also reached out to visa and mastercard. both stand out where they came. >> reporter: this is it whether sheriff dart influenced the authority. >> correct. >> reporter: what about nathalie's case? >> this is it more complicated. oral argument were heard in the full. natalie and her family would like to see the escort section of back-page be taken down, put her asht is whether or not backpage is liable for its consent. we are waiting for a decision, when it's handed down it will be whether the case moves forwards. >> it's not the decision on that section that you were talking about, it was the 1996 law, that says a third yart can't be liable. >> that is at the crux of their suit. the decision is whether or not this case an move forward. >> we'll stay on top it much. >> the unspeakable horror of child sex trafficking. >> i think we're into something that's bigger than us >> that's the pain your mother feels when you disrespect her son... >> me being here is defying all odds >> they were patriots, they wanted their country back

. >> mastercard sets it's sights on a settlement with target. this after the retailer agrees on a similar deal with visa. >> yum brand appoints a new leader for its china business in an effort to turn around four straight quarters in it's biggest revenue market. >>> coming up on the show, guess which stock is up 1,500% on its ipo price. here's the clue, it went public 11 years ago. >> did hackers make good on their promise to expose members of the ashley madison website. a fire rips through shooting flames as much as 100 foot in the air. >>> and you're watching the second hour of worldwide exchange. let's get a check on u.s. futures. stocks have been up down and all around but keep in mind s&p 500 still within 1.8% of the all time intraday high. this ahead of the meeting minutes. investors looking for clues tooz whether that september rate hike will happen. that is also encouraging for the hawks out there. dow right now though indicating a lower open by 62 points. nasdaq down around 14 points. a similar set up to yesterday when it was the negati

. >> target and mastercard are work on a settlement over the data breach. target could pay up to $67 million to reimburse card issuers from the costs occurred during the massive hack attack in 2013. in june, mastercard rejected a $19 million settlement saying it didn't come close to reimbursing their losses. let's take a look at how shares are trading. slightly lower while target is up fractionally on the day. >> walmart slashed it's outlook as second quarter net income fell 15%. courtney reagan has been checking out the numbers for us. >> walmart and home depot are dow components and retailers and while there's small merchandise values in common they had vastly different earnings. sales up 5.7% in the u.s. and the home improvement retailer again raising it's guidance though in part due to the acquisition of brands and stock buy backs. giving credit to the improving housing market and better spending among higher spending consumers in the first quarter. the highest average ticket since 2006. walmart, however, turning in a mixed quarter. the discount retaile

mastercard even allows you to file a complaint if you're ask asked. american express discourages stores from asking for id. but discover is different. it says its merchants are free to request id and may require it in some cases. >> discover actually states that if there's any concern and if the back of the payment card is not signed the consumer needs to present two different forms of id. >> reporter: how should you respond if you asked to hand over your id? he suggests asking to speak with a manager and reminding them of your card's merchant agreement. something wayne does every time he just wishes he didn't have to. >> a little bit hard to carry around the merchant agreement with you that says or even little statement that says, you know, here's the rule. >> reporter: the bottom line sign your card and by the way if you do hand your id to a clerk, it's illegal for them to record any of the information. reporting for three on your side, i'm jim donovan. >>> it won't be long now the marquis for the late show with stephen colbert is now up in front of

>> look, i think what matters is that visa just reported a terrific quarter and so did mastercard, by way. talk about two excellent companies in the same business. that visa europe is good news. there's a lot of things that visa is doing that investing strikes good and the same thing is both visa and mastercard are doing incredibly well and when those stocks pull back that's a great opportunity. all right. you can run, but you can't hide. there is no -- just no escaping the bear in the china shop for some stocks. today we realize there is a scarcity of solid hiding places and maybe lower. "mad money" tonight, it's the best time to be on a boat. some of the best brands on the sea. i have the exclusive with the ceo. ? i always say i have the smartest audience on the planet which is why i'm always happy to circle back on the names that you stump me with. don't miss what i discovered with under the radar bioteches and then i know you're absolutely devastated over the demise of gwen stefaphanstephan marriage, and it just unlocked serious value and both of which have been watching the show

. >> joe you've liked visa and mastercard within last couple of years. >> i have.on't know necessarily that a couple of years ago it was more about mastercard. and that clearly was the winner i think visa has caught up in the last couple of years. right now i don't know that there's a marked distinction between the two. i think both of them over the next couple of years are in a secular sweet spot. >> the other thing before we let you run, the fed. what are your, what's your game plan here? the fed is going to go and when? >> i don't know, and what i don't like is that no one is telling me what to do. everyone is speculating, september, december. somebody tell me to buy a long bond, short something i don't like people telling me it's going to rain unless they want to sell me an umbrella. >> it's so much noise. >> does the quarter point is that something that's going to impact the markets to some extreme level? it seems as if the fed feels that way, right? >> yeah, i don't think so. one of the things we do, we look at circumstances which are similar. we don't look a

how many people know how many mastercard cards have been compromised from the past two years? how many people couldn't a big retailer or big bank who's been compromised in the past two years? i think that says it all. that's why what you're the panel is our members and the brand who are at stake when it comes to payment card security because our relationship with the customer to protecting customer data and payment in particular are paramount to the merchant community. it's something all of our folks take very seriously. at my organization are direct members of the finance and treasury professionals. i'm not even talking about cios and technology people within the company. the payment card security is the number one issue for our folks. that's how important it is because of the brand damage and customer service issues a retail merchant or another business like a bank or someone else faces is in the wake of a data breach. here's a couple things we're doing, some of the technologies that market that we are very focused on. we'll talk a lot about the empty bucket to that last. tw

european visa mastercard. the computer chip on a card that helps event against counterfeit fraud on the card. it makes it more difficult or me as a eve to re-create this versus the old mastercard's we still use today. the important thing is this card-present counterfeit fraud. we are the last country in the industrialized world to go there. one,ve the date, over 2015. date, october 1, 2015. i think, if we look at some of the global deployment numbers, it is interesting that worldwide. aboutoption rate is 40-50%, on the merchant side, i , it ist up the means closer to 80-90%. we're likely to see the same trend in the united states. merchants are more likely to adopt the card if it will reach.e their only one in 10 cards right now americanip that are in consumer wallets. we're close to october 1 now. what does it mean for consumers date?e hit the october 1 some businesses will be ready to accept the cards. some will be able to use it. some businesses will not. i want to go into a few reasons why. it is not for l

no ruling how it affects mastercard and visa.he class-action settlement for american express. >>> alibaba is making a big hire with an eye towards its international expansion. naming former goldman banker michael evan as its new president. he's been a member of the board since last year. our coal oen kayla tausche is in china, knows the company well and is probably learning more as she makes her way around the country. kayla, what can you tell us about evans and what he means for this company? >> carl, i have to say this release this morning blou me away, not because he's someone i know personally, i don't. mike evans is the type of banker whose reputation precedes himself. i was impressed when alibaba was able to nab him for the board last year and have him advise the company leading up to the ipo. when you read the press release that's what seems to be corporate jargon. he'll help extend the alibaba brand with merchants, retail partners in europe and in the americas. but that's not just corporate jargon. i think the most pertin

your to -- euro pay mastercard visa. it's, essentially, a computer chip on a card that helps prevent against counterfeit fraud on this card meaning it makes it more difficult for me as a thief to come in and recreate this versus the old mag stripe cards that we have that we still utilize in the states today. so the important thing here is that this prevents card not present -- or card present, i apologize, counterfeit fraud. and that's what we're trying to get at with the deployment of emv in the united states. and we're the last country in the industrialized world to go there. so we've got this liability shift date, october 1, 2015, to simplify, there are a lot of nuances of what exactly happens and who bears liability once this shift goes into effect. but to simplify it, the party who's done the least to enable emv will be the most responsible for fraud in a card-present environment. so i think if we look at some of the global deployment numbers, it's really interesting. worldwide emv card issuance, the adoption rate i

it is working on a similar deal with mastercard. had 40 million customers personal information and credit and debit card details compromised and explode -- and exposed to activity. more information from an infidelity website was released online. ashley madison was targeted. e-mail addresses and credit card details are being published. hackers said they wanted the site to be taken down on grounds of depravity. it is a summer statement -- a summer staple in fashion wardrobes, but the expert drill is also a key driver of the economy. espadrilles is a key driver of the economy. they have been awarded geographical limitation status. >> the qualities which make the espadrilles and is -- an indispensable accessory for the summer. it is continuing to resist the fourth of globalization by returning to its roots. region, shoemakers are trying to make the best -- the espadrilles old-fashioned way. >> they have always been made in the basque region. this is where they originate. it was once the espadrilles capital of the world. factories shut d

target and mastercard are working on a settlement related to the massive data breach during the holidaying season in 2013. on tuesday target struck a deal with visa to pay as much as $67 million. >>> wells fargo is building more branches. the branches will have credit officers who will approve or deny loans. consumers have $1 trillion in outstanding loans up from 700 billion in 2010. >>> and same day delivery to compete with fed ex and ups. the agency has been delivering groceries for amazon in san francisco and new york for months and is trying to get congress to let it ship alcohol. >>> thanks. just ahead, uh oh for one nfl team as a former league rushing leader goes down during practice. >>> another fight for dallas cowboys this preseason. sports is up next. ♪ hi! what happened to your hair? i got it. walgreens has all you need to keep it all under control. from a little touch-up... come on, guys! to finding that perfect finishing touch... to making memories at the touch of a button. all without missing a beat. walgreens. at the corner of happy and healthy. no, no, no, no, [music] pe

. >>> mastercard and target work on a settlement related to the massive data breach during the holiday shopping season in 2013. on tuesday, target struck a deal with visa to pay $67 million for costs card issuers banks incurred from the hack attack which may have compromised 40 million credit cards and exposed personal data from 110 million people. >>> american express adding a cashback feature to prepaid debit cards as it seeks new users beyond traditional customers. the new cards out give users 1% cash back on all purchases. that's the first time that's offered on a prepaid card. most only offer cash back at certain retailers. the monthly fee is $5.95. you'll have to spend $600 to break even. back over to you. >> good to know. >> a lot of money. >>> happening today, san jose city council is going to discuss a plan to allow garbage trucked to collect much more than just trash. we're talking about your information. some city leaders want to put license plate readers on the front of garbage trucks in the hopes hopes of catching criminals to help understaffed police force. the mayor supp

. >> sean, of nerd wallet, says both mastercard and visa actually prohibit merchants from requiring idhe card is sign. mastercard even allows to you file a complaint if you're asked. >> american express discourages stores from asking for id. but discover is different. it says its merchants are free to request id and may require it in some cases. >> discover actually state that if there is any concern, if the back of the payment card is not sign, the consumer needs to present two different forms of i.d. >> so how do you respond if you're asked to hand over your i.d.? suggest to go speak with manager and reminding them of your card's merchant agreement. something wayne does every time he just wishes he didn't have to. >> little bit hard to carry around the merchant agreement with you that says or even little statement that says, you know, here's the rule. so the bottom line, sign your card. by the way, if you do hand your i.d. to a clerk, it is illegal for them to record any of the information. reporting for three on your of the information. reporting for three on your side, i'm jim don

according to mastercard spending, spending at restaurants is off the charts. that's not all. it is up at travel. they tend to accumulate memories than accumulating stuff. but consumers are making large purchases. home sales and home improvement sales have been outpacing other sales. home goods also currently a strong category for macy's and jc penny. auto makers are seeing the best level since before the recession. the shift in spending has been during slowly over time making analysts question whether it is the blitz in the data. but government data shows savings rates continue to hold up. perhaps making them feel better about the amount of spending they're willing to do while still taking into careful consideration the value they place on every purchase. >> what we're really seeing, things that people prize. dining out, et cetera, we see huge value for money purchases where people are willing to increase what they're willing to pay for the same goods. in other areas, where they're not feeling the value as much is apparel. they're not wanting it as much. therefore you see con

mastercard and visa are also named in the lawsuit. >>> all right. 4:51.ublicans are preparing for a big presidential debate, hillary clinton will be making a stop in the bay area. coming up, what she plans to do during her two-day visit. >> and he's being called a hero. this morning we're hearing from the officer who pulled a man from his car just seconds before it was hit by a train. . >>> welcome back to mornings on 2. you've probably seen this video. we're hearing from two officers that made that risky rescue on monday at the marysville station. they saw a car stop on the cal train tracks while one deputy tried to warn the on coming train, the other grabbed the driver by the arm and pulled him in the train. >> i can't say why i did. it at that point, it's just instincts. you don't have time to analyze the situation. >> the deputy says it was only after he saw the video that he realized he and the driver could have both been killed. the driver faces charges including dui. >>> some officials in sol some folsom are complaining because they did not respond

we spoke to mastercard and visa today, both of them say it is secure. of course, hackers are sure to attack this because it's able to be used many more places, but samsung taking a bold step here in payments. along with phones. and then finally also live streaming something that they taked out. you heard of periscope, they are doing live streaming through youtube with these new phones as well. the older phones being able to do some of this as well with software updates, but samsung making a mark in the u.s. now ahead of apple's launch that's expected next month the smartphone season and the competition is heating up. for "nightly business report" i'm john fort. >>> coming up now 96 million little black balls can help combat california's record drought. >>> and here's a look at what to watch for tomorrow. the producer price index is out and that, of course, is an important measure of inflation. a read on industrial production as well. and also on the data front a check on the health of the consumer with the consumer sentiment report and that is what to w

. >>> mastercard customers may soon be able to buy things just by using their heartbeats. >> boom boom. boom boom. >> the credit card company has teamed up for the first system using heart technology. >> don't get too excited. might get charged! those are your "tech bites." >> coming up, it is like a giant playpen but with a serious purpose. why engineers dunked millions of balls into a southern california reservoir. >>> tiny creatures who are dying mysteriously. >>> we leave you with abc 7 news now looking live at the ferry building in san francisco. weather and traffic where you weather and traffic where you live thr life's the food that brings us together. and kitchens where every meal is the most important of the day. life's the food that brings us together. and kitchens where every meal is the most important of the day. >>> 4:52 on this thursday. a live look at the eastern side of the bay bridge from our emeryville camera. traffic appears to be moving along just fine. we'll check in with mike and get your forecast and traffic coming up. >>> the city of los angeles has literally bl

exposure in even the most profitable of their investments, even less talked about winners, like mastercard, nike, home depot all sold off heavily. these are the winners. besides concerns over a china slow down and confusion over whether the fed would or would not raise rates in september, another new low in oil. there was no bottom in sight. picking a bottom in an oil stock was one of the market's obsessions this year and when it became clear that they were wrong again about the bottom in oil, big stocks like chevron, con knock co-phillips, devon and marathon all went to new lows again on very heavy volume. this was a real heartbreaker and goes to the perils of picking bottoms when fundamentals like subpoena ploy and demand are still not in demand. kelly, in the next half hour, we'll look at potential signs of a market bottom and what traders are looking for and that fear out there might be one of the big assets towards moving us. >> i know you've been having that conversation bob already and thank you for bringing us up to speeds. this can mean more than losses in stock portfolios. they c

visa card issuers up to $67 million and follow as rejection of a proposed $19 million year with mastercard. target shares ended day up a little bit. visa shares were up to 74.47. >>> pharmaceutical company omera shares are surging today after positive test results of a phase two trial for a treatment of deadly blood clots. it involved three patients who showed positive reaction to that treatment. the news sent the stock up 72% to $25.03. getting extra cash today nbc universal announced a similar investment in vox media. nbc universal, like cnbc, which produces this program, is owned by comcast. chinese solar panel manufacturing trina solar quadrupled thanks to stronger global demand for solar. the company also raising its full year shipment guidance by as much as 16%. shares initially surging higher in premarket trading and closed the day up more than 1% to 10.33. >>> two-year contracts are going by the wayside and the subsidies that make buying the smartphone cheaper. at&t is the only nationwide carrier to still offer those longer contracts. sprint's ceo says it's a way to keep up with th

we are excited when mastercard announced they were going to do biometrics.medusa said they were going to tokenization and amex said multifactor authentication. i know chip and pin is the focus -- everyone but october 1 on the horizon. take a step back and think that is october 1. we don't want to catch up with where the europeans are at 20 years ago. we want to make sure we continue to be american innovators that take that in the next step and it goes to something i mentioned in my opening remarks about how we include the consumer and understanding identity theft and management. it's about how we conceive of identity protection. but the biometrics, multifactor. i just want to again get the group to take a moment to step back. i think it means i got the last word that i don't know. >> wonderful last word to end on. it is all about the consumer. thank you so much for being here today. thank you to our panelists. [applause] [inaudible conversations] [inaudible conversations] >> who are isis? why are they so violent? all those questions are important but what is

. >> about 2% for mastercard and visa or 3 percent for american express so they should be offering aiscount. >> sanders than the system why we have checks and balances we owned two houses that we rent out but that made me feel bad when they say like i have not been responsible with my money. john: what if you don't check their credit rating? river that's right i have nine. i understand that is the system we have created but i feel that punishes people who use money responsibly and don't use credit cards. >> this mach's people that use cash it claims everything is wonderful but people use their credit card it moves quickly. ♪ the chat card because money should not slow you down. john: en but cash can be quicker and. >> i watched that and i feel like they make me out to be the idiot with no annual fee or o% interest for a while until march of 2016 than 20 4.9%. 1.five cash back on every purchase are they lying? >> i think there is that instant gratification culture it is easy to swipe to get it now did you the news that the filament that comes from grandparents that would save up to pa

. >> if you look at visa and mastercard, both of those names are roughly up 13%.efinitely the favorites in the space. and everywhere you go with higher fees with american express it seems as though people are stopping accepting american express at places just boots on the ground where i go i'd rather be a buyer of the names that have outperformed. >> we still have quite a few companies reporting earnings next week from several fast casual stocks to big name tech stocks. perfect time to die little sector style take your position ahead of next week's big reports. kick it off with two big names in the fast casual space, shake shack and el pollo loco. guy. >> shake shack was up 11% today. that is a difficult stock to get your arms around. dan nathan, who will appear on "options action" minutes from now -- >> waiting in the wings dp. >> -- has done an excellent job handicapping this name. i can't play in that arena. what i will say is this. look what happened to jack in the bongs you're starting to see qdoba comps start to disappoint which is why the valuation went fro

. >> mastercard customers may soon be able to buy things by using their heartbeat. credit card companies teamed up with the mini backed using heart technology, it's being tested in candidate. they must have better hearts than americans. >> don't get too excited you might get charged. those are tech bytes. i thought activia was for big digestive issues. until i realized our body handles a lot. 1,100 meals a year... 730 rushed snacks... add 300 stressful decisions... no wonder our digestive system sometimes acts up. so try the activia challenge! enjoying activia twice a day for 4 weeks may help reduce the frequency of bloating, gas, discomfort or rumbling. it works or it's free! gas, discomfort or rumbling. video out of wisconsin a man intentionally veers off the road through a fence into a two parked police cars, he flips off police and keeps driving. a high-speed chase ensues. he sideswipes a squad car. he flips over and was full of surprises. when the police pull up he was trying to walk away from the crash and he was naked. turns out he was high on drugs. >>> take

visa, mastercard, discover, american express. many banks. they assure me it's secure. i had security experts say we'll see when the hackers get to it. this fall we'll end up with the old iphones and newer iphones, these new samsung phones supporting samsung pay and android pay phones and the new terminals that come with chip and pin there will be a surge in availability of people using their phones to pay by credit card debt. >> are people using their fingerprint the same way they are with the iphone? >> how easy it could be to steal fingerprints from public photos that are readily available. two years after the launch with the technology for apple, perhaps it's too soon. >> there is a token tied to the device itself. once a single device is approved, whether it's a watch or phone, if somebody tries to make a purchase from a device not that device, visa or mastercard will not allow that. >> is the technology for these different pay services, is it the same or are retailers going to have to choose or will they have a tower of babble set-up here? >> this samsung pay work

mastercard and t.d. bank completed the first wearable credit card wrist band with no signature required. the band authenticates the sale by the heartbeat wearer. ment amazing technology. >>> a group of men playing cards in the hudson valley robbed at gunpoint. we learned one of the victims was shot and killed. also, two men accused of stealing thousands of dollars from dozens of kids looking for >>> our top stories. a mini school bus collides with a car and crashes into a building in irvington, new jersey. 11 children were hurt, two adults were also injured but everyone is expected to be okay. the driver of the bus claims the brakes went out. >>> a major decision in connecticut. the state's highest court overturned the death penalty ruling it unconstitutional. it could mean 11 men or connecticut's death row would no longer be subject to execution including joshua kambakakis and steven come a cher vest ski. >>> a man in orange county was killed while he was playing a game of cards outside. >> the 67-year-

two months after card issuers unexpectedly rejected a $19 million pact that they proposed with mastercard. >>> walmart is reporting lower than expected earnings and citing higher costs from a boost in worker pay an hour. walmart decided to invest $1 billion to lift worker pay and hours. walmart is spending money to compete with amazon. >>> two women are said to become the first female army ranger after conquering one of the physically and mental lly challenging courses on earth. this is the first time a woman has completed the swamp phase. ranger school teaches students how to overcome fatigue, hunger and stress in small unit combat operations. >> going through the exact same thing their male counterparts are. they have to show grit and determination. >> army cand daut idates are puo their physical and mental limits. a graduation ceremony will be held for the new rangers later in the week. >> you have to be tough to get through that. >> it's a big deal. >>> tough to play football as well. not just a game for fathers and sons. >> at levi's stadium it was fathers and daughters. here's corne

. >>> a lawsuit accusing visa and mastercard and three banks of fixing. >> lower courts said no and appellateges bank of america, jpmorgan case and wells fargo have policies, but the two major credit card companies that prevent consumers from saving money on fees. a previous court dismissed the suit. an appeals court says there's evidence of antitrust violations. it blames rules that ban smaller banks and credit unions from steering their customers to atms that have cheaper fees. >>> malware that hack irs somehow vetted into yahoo!'s advertising network lurked for six days before being discovered. hackers bought sfis run what looked like legitimate ads. the computer could be infected without even clicking on the bad ad. yahoo! removed the ads immediately after being alerted by malwarebites. >>> do you have extra clothing crowding your closet? folks are making serious cash selling their duds to second hand stores. revenue for resale stores has grown to $16 billion a year. she's made lots of cash in the past 25 years. >> when i start adding everything up, easily $10,000. easy. >> resale stores

home depot, mastercards, sonys, they were dumping everything. >> we'll let you go.atch your train, catch your breath. >> the ashley madison thing, i'm telling you, there is something to the story. >> they could use your name. >> have a great weekend. see what happens as we move into sunday. >> i think i would be selling at least in the short term. i think we are probably very close in terms of days to capitulation low. we could maybe see another day or two like this before we have this all over with. >> do you think china is the culprit? >> the last two economic cycles seemed to have a pattern to them. credit markets turn. they start to go bad. commodity markets turn. they start to go bad. world stock markets turn. u.s. market continues to go higher and higher. everybody says none of that matters. all of a sudden it all matters and in a hurry. that happened in 2000. that happened in 2008. this week the stock market filled out what everybody else knew. >> brett is breaking down. the advance decline line has been pointing to what he called an ugly decline in the marke

so like the mastercard, it's priceless. i want everybody to consider certain intangibles, also the education they received. so service quality, most people, from what i understand, they haven't had their chance to really understand quality service. olympicrough an experience or world cup, they get a letter training on service. also on media and commercialism. i think these are rather intangibles. lisa: -- manuel: thank you, lisa. i want to handover the -- ussion to marlene: thank you. i want to discuss the political situation. is really a different way for russia to position itself. domestically, things have been changing a lot. they bid was made also between eventore the anti-putin before 2013. what seems to me very interesting is, if we look at the international aspect of that, during the last 10 years, russia has been really successful and promoting kind of russia -- this one will be the first time where russia has to display self power after the ukrainian crisis. we will see how it works or how it doesn't work. of uncha

it's called samsung pay and will work with visa and mastercard. for those of you worried about wi-fi signals affecting the private parts, the wireless armor boxer shorts may be the answer. >> i can't believe we are covering this. >> sure are. >> silver is woven into the cotton. it will block the currents from the cell phone in pockets. women have to wait for a solution. >> major problem. keeps me up at night. >> who knew. >>> overnight earthquake striking new jersey. residents rocked out of their beds overnight. we will update you on the still breaking story next. >> an update on the number of americans taking advantage of the american p woah woah marge... you're not marge? i'm sorta marge. we both drive a stick, we both like saving money on car insurance, and we both feel integrity, such as, that of healthcare in the america of the us and therefore. yes. thank you. no. no. please, stop! sorta you, isn't you. start with a quote from esurance and get a set of discounts personalized to you, not someone sorta like you. esurance. backed by allstate. c

minimum of four websites if you want a private interaction in practice you would use a gift card or mastercard gift card so it is a one time transaction an a phone use a burner phone. to the convenient store buy an inexpensive mobile phone for cash. physical it up with cash now you don't exist. you're a fake identity. most don't go to that trouble. >> scandalous. >> most don't go to that trouble. so -- >> sounds like breaking bad. >> what you should do is have a plan for when your information shows up online. do you call fbi, the police, who are you going to makier calls to and how do you protect the fact that you've been hacked. what do you do? >> that's the question so other than maybe having just one -- or two credit cards that you've had for a long time and continue to monitor your statements. you can have charges and monitor bank accounts what else can you do? >> in practice you can do nothing. that's my whole point so we know that some day in the future, may not be today. may not be tomorrow. someday in the future someone is going to hack your stuff and put it online. what will you do at

alison: a federal appeals court in washington has revived a lawsuit against mastercard and others of fixing atm fees. the judges said an earlier court ruling erred when it found the plaintiffs failed to show a conspiracy to overcharge consumers. this decision revives two class actions brought by consumers and one by independent atm operators. dari: first the islanders said goodbye. billy joel will say goodbye to the coliseum. alison: it makes him the perfect closing act. dari: and two exciting roles no zooey deschanel. the spinning pinwheel of death. the disappearing wi-fi icon. the frozen download bar. you don't need a magician to fix these things. you need fios internet. get fios 50 meg internet, tv and phone now for $79.99 a month, price guaranteed for 2 years. or, double your speeds for just 10 dollars more a month. uploads speeds as fast as your the 100% fiber optics network is here. get out of the past, get fios. looking for one of these? yoplait. smooth, creamy, and craved by the whole family. dari: new court papers give us a look into what led 50 cent to file for bankruptcy.

but mastercard says that consumers are adjusted budgets to new necessities as an expense.a doesn't support it's taking dollar share from other areas like clothing. kelly? >> listen, it's great to emphasize that. if people get in trouble. they're spending on a vacation instead of a couch, it's still going to be a reckoning moment at some point. >> and clothes are overrated. clothes are important. >> definitely don't spend $4,000. we're looking at a changing market. if we stay here, we're going out with declines. the dow's down 120, the nasdaq 27. >> so today's selloff and the market comeback and the ensuing fallback, certainly shook up what was supposed to be a slow summer day. the senior portfolio manager at the funds, we may have to get used to days like this because we are a due for a modest correction. he'll make the case when we come back after this. innovating. t td amere and apparently, they also love stickers. what's up with these things, victor? we decided to give ourselves stickers for each feature we release. we read about 10,000 suggestions a week to create feat

it follows the rejection with a smaller settlement with mastercard. . >>> breaking news overnight. a motel suddenly explodes in washington. the damage report after the break. mom has always been one of those people who needs to keep busy. if she's not working in her garden, she's probably on one of her long walks with bailey. she was recently diagnosed with a heart condition. i know she's okay, but it concerned me she's alone so often. so i encouraged her to get a medical alert button. philips lifeline offers the best options to keep her doing the things she loves in the home she loves. if she ever falls, or needs help, i know we can get to her quickly, and with her condition that can be critical. and even though she doesn't typically go far from home, the button always goes with her. these days, she's still as busy as ever. just the way she likes it. innovation and you. philips lifeline. lifeline is america's #1 medical alert service. visit philipslifeline.com/caregiver today or call this number for your free brochure and ask about free activation. among older adults, falls are th

visa, mastercard, the cost of using american express, every penny counts right now and i think more businessesre shying away from them. i'm a little concerned for american express. >> bad news for you in your portfolio. >> you're looking for me to make a trade, aren't you? >> no, i'm not. i'm just saying. joe. >> it's interesting the way you look at this, i was talking to stephanie before the show about this. someone like stephanie is looking at the market saying i've got to buy something here. coming from the background of the futures market you're always afraid of what can happen. i saw sugar go to one tick. i saw natural gas go from 5 to 25. when i look at names, monsanto comes to mind, down 13%. >> why would you put yourself in the down the least? why wouldn't you look at what's the best company that's down that's the best opportunity? >> because i look at a company down 30%. it could be fundamentally a great company, but there's something about it that it's down 30%. the market's smarter than i am, i'm not going to take that risk that it goes down 40%, 50%, because, again, i was trained i

we have msci, equifax, global payments and the always charming visa and mastercard and the banks have given up all their gains for the year and they're the most important segment of the financial group in the market. they're awful. they're awful. finally, the techs defined by bank, amazon, netflix and google that i talk to talk about along with peak cybersecurity stocks and equally long in the tooth cell phone securities like avago and skyworks. all of these stocks get pummeled and the some time winners and m & a creates the illusion of a bull market running through this market and the illusion only. to me, though, the bottom line is that after last week, not even these stocks are safe which again signals that the damage already inflicted is so amazingly terrible, that it's clear a rate hike is being baked into the market regardless of what percentage of investors tell us that might happen in september or december or in no meaning at all. martin in florida. martin? >> hi, jim. i've been a fan of yours for many years. >> thank you. >> both entertaining and very informative. my question

plus save even more when you make your purchase with your bass pro shops mastercard. >>> campaign 2016 segment tonight, there are two debates tomorrow. the first one 5:00 p.m. eastern time moderated by martha maccallum and bill hemmer. the candidates i can perry bobby jindal, carly fiorina. >> lindsey graham and jim gilmore. then :00 p.m. two hour debate featuring: joining us now from west palm beach, florida is dr. ben carson. with that big crew up there; what is your plan, doctor to get some attention? you have to get some attention. how will you do it? >> interestingly enough, people have been saying that to me all along. and, yet attention is coming my way. i think people actually notice sometimes the content of what one is saying rather than the decibel level at which he says it a lot of times when people don't have a lot to say they increase the volume. >> but you are a mel will he guy. i mean, this is what i am talking about now. you are a mellow guy. you are a thinker. people read your books. they know who you are. there is a a logical progression to your life. you are an ameri

plus save even more when you make your purchase with your bass pro shops mastercard. pizza rolls! ahh! they're ready! make summer awesummer with totino's pizza rolls. and get a free movie ticket when you spend $10. . ♪ [announcer]when we make beyond natural dry dog and cat foods. we start with real meat as the first ingredient. we leave out corn,wheat and soy. and we own where our dry food is made-100 percent! can other brands say all that? for nutrition you can trust and your pet will enjoy... does your food go beyond? learn more at purinabeyond.com. boy: once upon a time, there was a nice house that lived with a family. one day, it started to rain and rain. water got inside and ruined everybody's everythings. the house thought she let the family down. but the family just didn't think a flood could ever happen. the reality is, floods do happen. protect what matters. get flood insurance. call the number on your screen to learn more. ♪ hp instant ink can save you up to 50% on ink delivered to your door, so print all you want and never run out. plans start at $2.99 a mo