melissa: i am melissa frances with your fox business brief.ef in berlin is expelled after it despite more spine problem via undercover americans. two men were found to supply secret information to the u.s.. the cia chief now has to leave the country before the germans carry out an official investigation. microsoft x ceo has hinted to employees and organizational shakeup may be on the way. the relatively new chief said a fresh strategy would practice less on devices and services and more on mobile and clout and the cloud and chinese hackers are said to have broken into government networks to find data on u.s. workers. authorities say they targeted files of thousands of the employees to apply for security clearance. that is the latest from the fox business network giving you the power to prosper. melissa: more attention at the border. senate hearing kinking of awhile ago about president obama's request for $4 billion of emergency spending at the border. many officials dealing directly with the crisis are saying not so fast with vaught money. let

. >> would you have melissa frances apply for job?deegan that what we have to pay. >> i am great, thank you so much, is it the same for everyone, have you found yourself as an employer is good for you. >> is great for us but the problem is you feel bad for the kids. once always the kid job, a lifeguard or busboy in a restaurant or bartender or whatever, now a bunch of older people have to remain in the work force. it is said for the kids, they try to make money for school. melissa: you hear about the wage debate all across the country, if you want to pay more, would you raise prices or higher people were taken out of your pocket? >> we do a little bit of each. you wouldn't have any customers, and if you take it out of your profits you would not be in business. i hope it doesn't go up too much. >> the actually has an cellphone policy for all the teenagers at work here and if you see them on their phone no more jobs for them. >> attention for the customers. melissa: record lows, stops and workers continuing to fight for a minimum wage.

when i interviewed the cfo, i asked melissa frances and myself have tough questions, you were on withwith dennis walsh, tough questions, questions bill ackman cited in his analysis early on, so he play both ends. liz: charlie, thank you very much about how deep he gets into this. bill ackman is always welcome and giving a fair shot here. >> i think he does. iconic men's brand getting a huge makeover. can it fend off italian brand? with all-american image and new styles, the company president and chief creative officer with live models, everybody, in our newsroom right now walking down the hall. fox business exclusive, here they come. really... so our business can be on at&t's network for $175 dollars a month? yup. all five of you for $175. our clients need a lot of attention. there's unlimited talk and text. we're working deals all day. you get 10 gigabytes of data to share. what about expansion potential? add a line anytime for 15 bucks a month. low dues... great terms... let's close. introducing at&t mobile share value plans... ...with our best-ever pricing for business. liz: if we

melissa: i am melissa frances with your fox business brief. oil and gas companies are targeted by russian hackers, what appears to be high level industrial espionage. cyber security experts say the control systems of the most important western energy companies have already been infected by malware operating by state backed group. apple is getting serious, the tech giant is putting together an elaborate speech recognition team and already several big-name artificial intelligence researchers. the main focus of this team is to have them respond to users and a humanlike speed. and there's a big protein power play with the purchase of muslim milk. face snapped up the drink's parent company for $415 million. that is the latest from the fox business network giving you the power to prosper. melissa: look at the dow. we are on 17,000 watch right now. we are 150 points on the session, less than 25 points away from the milestone here. we never know what will happen. world cup fever continues and why not? we are an hour from the u.s.'s next big game when

melissa: i am melissa frances with your fox business brief.ska supreme court may announce it will hear oral arguments on the keystone pipeline in september. that could postpone any final decision of the project until after the midterm elections. an announcement from the board may come as soon as tomorrow. reagan has been sentenced to ten years in prison on corruption charges. the former mayor of new orleans got less time than the recommended 15 years. with the judge saying he profited less than other members of a scheme related kickback from contractors. shares of reynolds american continue to climb on speculation it is about to be taken over. report by a british tabloid suggested british-american tobacco might buy the 68% to doesn't currently own. that is the latest from the fox business network giving you the power to prosper. my mother made the best toffee in the world. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzo

melissa: i am melissa frances with your fox business brief.be worth $200 billion in the future according to google ventures who have invested in the service multiple times. its value would be equal to that of toyota and double that of ford. the art market is on a tear, selling $4.5 billion worth of artwork in the first half of the year. among them were 50 pieces that sold for $10 million. total sales are up 22% from the same period year ago. bank of america shares falling today after 40% last quarter. much of it was wiped out after the bank paid $4 billion in legal costs. that is the latest from fox business network giving you the power to prosper. melissa: a petition to split california to six state has attracted a million signatures and major criticism. the track is claimed this would create more problems than it would solve. one backer think there's more than enough california love to go around. joining us is the brains behind it, venture-capital list jim draper. thank you for joining us. what problem do you think this solves? >> it is inte

melissa: i am melissa frances with your fox business brief.ading lower hitting below 101 for the first time in two month. in the race all the gains from yesterday when it rose for the first time in two weeks, investors getting less worried about supply issues in spite of the events in the middle east. the situation pushed by the 10 month high. in the last month u.s. hotels on track to have their best year since 2000. occupancy levels are at their highest in 14 years climbing steadily each week, some say an economic recovery is spurring more travel as well as an increase in tourism from overseas. reports say we could be just weeks from ann ali baba ipo. the retail group is expected to launch its initial public offering as soon as late july but timing is dependent on market emissions. that is the latest in a fox business network giving you the power to prosper. melissa: president obama likening his recent remarks in d.c. to the martin scorsese flick of the departed. >> who are you? mark wallburg says i am the guy doing my job. you must be the ot

i think that hit melissa frances this hour in the doubt another intraday high today for the third straightow. the highest here that we have reached, 17139. we aren't 17126 right now. the number we must be today, is 17068 for the dow jones industrial. it looks like smooth sailing , but you have to stay with me. two tech titans are major contributors to the dow's gains. intel and ibm. let's look at the stocks. intel after it came out with game buster numbers "after the bell" yesterday, moving higher by now eight and a 3%. earlier it was up 6% climbing, climbing and at the top and bottom line. very nice outlook for the country and ibm is also moving higher by 2%. let's get right to the floor and find out what else is at work. traders at the new york stock exchange. has no one even looked at the basement? it was sort of a beige but not from that that about modest growth, but china's gdp look better than expected. plus, we have mega merger discussions became time warner fox, what grabs your attention cracks wire traders pushing the smart car? >> billy thing that draws our attention these days i

melissa: i am melissa frances with your fox business brief.p and announced the closure of three u.s. plans with 1000 workers. it also revealed to sell the brazil and mexico poultry business for more than half a billion dollars. t.j. maxx hitting an important milestone overtaking macy's in sales. the discount retailer could hit the market as early as 2015. purchases have increased each year for the past six years. american families are worth a third less than a decade ago and a new study is found the home $88,000 in 2003. that is latest from the fox business network, giving you the power to prosper melissa: 210 2100 space dominat. he wanted them if this solar system in the next century. back now for a rousing edition of text lies and videotape. guys, thank you for coming back. this one kind of blew me away. she threw down the gauntlet, she said it will be the most widely used space test station company in the let's call it the solar system. what you think of this one? >> i think she is doing the right thing. demonstrating vision, leadership and

melissa: i am melissa frances with your fox business brief.e is asking congress for $3.7 billion to address the immigration crisis at the border. that is nearly double the $2 billion originally wanted. the money is needed for extra border patrol agents and increased aerial surveillance. bank analyst brad hines is retiring from bernstein to teach at the nyu school of business. he will be a professor to teach kids how to manage financial firms during periods of rapid regulatory change. that will come in handy blues the republican national committee will recommend cleveland as host city for the 2016 national convention. the city has not posted since the 1930s and will need to raise $50 million to cover all the costs. that is the latest from the fox business network giving you the power to prosper. melissa: breaking news, manhattan federal court reached the verdict on the insider-trading case against raj rajaratnam's brother. let's go to adam shapiro with more on this. >> not guilty on conspiracy. he had originally been charged with seven charges

melissa: i am melissa frances, home depot will start 3d printers and out across new york, california illinois. one cost $14 and could fit object as large as 5 inches high and home depot also plans for bigger models that cost 3,000 bucks. airbus dominates the first day of the air show by taking in $21 billion worth of orders. that comes to just under $8 billion in sales for eric bolling. the airbus sales blitz included a big order for its new wide-body plane called the a 330. watching you watch tv, facebook starting to solve its monitor each time you view a shell on mobile or tablet. that info was sent over ratings company, nielsen. that is the latest from fox business giving you the power to prosper. melissa: a live look at our studios in new york, the sky looking very ominous. national weather service issue in a flash flood warning for new york city and southern new york state. scary pictures. when life gives you lemons just return it to tesla. we told you any girl about a first-ever lemon lawsuit filed on behalf of the test model-s under. >> he was in the shop 66 days, the car woul

melissa: i am melissa frances with your fox business brief, google announcing to collect the geneticar material of 175 people. the goal to develop a model of what a healthy human should be. the tech giant also hopes to identify genetic patterns and more quickly diagnose diseases. pandora stock is hitting a wrong note. the music provider tumbling as the company's third quarter profit outlook came in below views. saying goodbye to a wall street legend. alan greenberg has passed away in manhattan at the age of 86. he is credited with transforming bear stearns from a small pawnshop to one of the biggest securities firms in the u.s.. he kept working long after bear stearns collapsed in 2008. that is the latest from the fox business network giving you the power to prosper. melissa: whether it is on wall street and main street here is who is making or losing money. anyone with a piece of amazon, the stock is still getting crushed right now after that dismal earnings report, shares down 10% which is awful news for founder jeff bezos who already suffered one of the biggest declines in net wor

melissa: i am melissa frances with your fox business brief. the u.s. is ramping up sanctions against russia by targeting big banks and energy companies. more individuals have been blacklisted. president obama says he wants russia to do more in stopping the flow of fighters across the borders ukraine. the number of people filing for jobless benefits has unexpectedly fallen to its lowest level in two months. claims for the week ending july 12th to 2,000. analysts expected an increase of 5,000. ali baba is waiting to launch its ipo until after the labor day holiday, it was originally suggested that the offer could come this summer. report said the company is holding down for the right time in from market. that is the latest from the fox business network giving you the power to prosper. 3rd and 3. 58 seconds on the clock, what am i thinking about? foreign markets. asian debt that recognizes the shift in the global economy. you know, the kind that capitalizes on diversity across the credit spectrum and gets exposure to frontier and emerging markets. if you

. >> melissa frances with your fox business brief, chrysler launched a recall of 800,000 older gee as the ignition switches. a similar problem which caused gm to recall millions of vehicles in the past year, bump from the driver at sneeze accidentally pushed these out of the on position. cosmetic and fragrance workers at a macy's store in massachusetts are big enough to unionize. that is the decision from the nlrb. some see this as a victory for organized labor. dick's sporting goods has fired all of the pga professionals employed in the gulf section of its storm. that consisted of 500 full-time workers. the company recently said it has seen a downward trend in golf merchandise sales. that is the latest from the fox business network giving you the power to prosper. in new york state, we're changing the way we do business, with startup ny. we've created tax free zones throughout the state. and startup ny companies will be investing hundreds of millions of dollars in jobs and infrastructure. thanks to startup ny, businesses can operate tax free for 10 years. no property tax. no business

melissa: i am melissa frances with your fox business brief. forbes media says it is selling a major stake to a group of asian investors. new terms were disclosed, the company is said to be valued at half a billion dollars. the forbes family says it will keep a significant stake for themselves with the nfl draft is leaving new york city for the first time in half a century. the league is considering a move to either chicago or l.a. for the 2015 event. new york was eliminated due to radio city music hall being unavailable land in april and may. consumer sentiments in early july traded four months low of 81.3 according to a popular gauge by the university of michigan and thompson reuters. analysts expect a read of 83 due to improvements in the labour market. that is the latest from the fox business network giving you the power to prosper. ♪ ♪ ♪ [ male announcer ] if you can't stand the heat, get off the test track. get the mercedes-benz you've been burning for at the summer event, going on now at your authorized mercedes-benz dealer. but hurry, o

melissa: i am melissa frances with your fox business brief. another blow to blackberry.l no longer supply employers with the once popular can set but will give iphones instead. ford has hired someone, global deployment of corporate iphones. version that went tech is the latest to fly over global hot spots. one along allow any flights over iraq. that follows similar moves, and iraq lies near the flight path between europe and asia. elon musk is said to be immortalized. in an episode of the suggestions he will play himself as he battles nuclear power plant mr. burns to ends up losing all of his money to the real-life lineman. that is the latest from the fox business network giving you the power to prosper. stamps.com is the best. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com you can print real u.s. postage for all your letters and packages. i have exactly the amount of postage i need, the instant i need it. can you print only stamps? no... first class. priority mail. certified. international. and the mail man

melissa: i'm totally dismissing everything you just said. other countries that have fallen victim, italy, germany, france, angela merkel celebrity looking veryously. look at her. this is minutes before they told her about the curse. an american reached over and told all about it, you're gdp is about to contract. >> brazil spent a lot of money on the world cup, they usually don't get the return on investment they put into it. we made a pretty clever analogy and economy cannot be too dependent on one sector like a soccer team can't be too dependent on one player. the german team did not have a superstar, but they win because they are a better team. melissa: do you think this has to do with people watching and then they are excited afterwards, not working today, they say there is a gradual emotional letdown overtime? >> i told you i'm going through world cup withdrawal. melissa: it is emotional. already being affected in cleveland, lebron james returns to create $500 million windfall. moments ago they were talking about the impact it will have on their city. the economic impact could be anywhere from 50-$80 million per year, are you buying that

melissa: comes to the u.s. >> most likely it will happen in europe first. most of the flights from africa go from francegland of the we may see something happening in that continent, if something doesn't get done in africa. you have to. this has to be, almost like a military operation at this point in time. contain john is -- contagion is here. melissa: dr. manny, terrifying stuff. thank you i think. >>> the debt crisis deepens. one in three americans are so far in debt that banks are coming after them. ultimate challenge about to unfold here on "money." one of our guests is about to get a huge bucket of ice cold water poured all over them. could be dr. manny. stick around to see what it is all about. piles of money and buckets of water straight ahead. in new york state, we're changing the way we do business, with startup ny. we've created tax free zones throughout the state. and startup ny companies will be investing hundreds of millions of dollars in jobs and infrastructure. thanks to startup ny, businesses can operate tax free for 10 years. no property tax. no business tax. and no sales tax. which me

francs? needs some time to digest, right? >> your holiday weekends includes a movie, we have a preview of what's new in theatres. check this out. >> hi, everybody, i'm nancy odel. this week melissa motorcycle cartly have you laughing out loud in tammy. >> a group of young friends help an alien find his way and new york is my home. there's no place like it in the world. i love exploring all its amazing history. like the revolutionary war battlefields in saratoga, or ellis island, where america welcomed some of my own family. there's also the birthplace of the women's movement, and fdr's home. come discover your favorite part of new york. plan your summer vacation at iloveny.com there's something for everyone. >>> if you are still looking for things to do this holiday weekends, why not take in a little movie? entertainment tonight's nancy odel has a preview of what's new in theser. >> this week melissa mccarthy is on hilarious road trip. the kids of earth to echo discover new friend. >> echo? >> what? >> that's what we should call it. >> adorable little alien who teams up with adorable kids, in throw back to the family friendly movie of the 80s with a twist. >> just how those movi