Aftermarket it jumped higher. 37 to the ounce. The commodity has risen 4. 5 in four sessions. Adam can you say Short Covering . Pc shipments fell 5. 9 yearoveryear. Top three were lenovo, hewlettpackard and dell. Liz were bringing a top exec from lenovo to talk about that. Terry mack grawe stepping down as ceo and president of ma grawe hill financial. Douglas peterson head of the s p ratings services. He will succeed mr. Ma grawe who will remain chairman. Adam nokia unveiled the newest Lumia Smartphone and the lumia will have a 41 mega pixel camera. It will launch with at t july 26th t will be cost 300 bucks with a 2 year contract. Liz it is bright yellow. How about that . Federal government had the biggest june surplus on record after receiving payouts from freddie mac and fannie mae. After the bell starts right now. Adam it is an historic day. We want to get right to the action. Jason pride, glenmede director of Investment Strategy is cautiously optimistic about the market. He has three ways to make money. We want to hear those. Scott bauer from the pits of cme. Scott, we talked about gold. One saw a jump in gold because of shortcovering. He is right or is he wrong . Liz okay. He doesnt have a microphone. Im sure he would also be saying partly wrong because of the u. S. Dollar showing some real weakness. When the Federal Reserve says were still going to continue, jason pride, to pile it higher and deeper when it comes to bond buying purchases that is dollar negative. Forget that. Look at these records. We can not ignore were seeing yet a new record for s p and Dow Jones Industrials. People continue to say an incredible rally from a year ago has to be over. Is it eventually . Weve been continuing to be constructive on the market but not aggressive. We dont think people should be stretching for returns buying only equities in think portfolios. We dont think they should buy riskiest, most levered up companies in their portfolios. The main reason there the economy is good but its not great. Were chucking along at 2 . Were not chugging along at 3. 5, 4 growth in the domestic economy and the numbers internationally are similar to those numbers. That means you have to stay with quality. You have to stay with dividend growth. You dont need a stretch on yield. You dont need a stretch on returns. You need to stay in the middle of the fairway and Pay Attention to valuations and company profitability. Adam hey, jason, we have scott back. Scott, i want to bring you in. Switch out of equities. Lets get back to the discussion about gold. What are we seeing with what is going on there . Then a discussion on equities and how i can still make money on all of this . You guys hit the nail on the head when you said it is somewhat of a shortcovering rally there. We dropped so much, so fast all these shorts, as soon as they saw the first sight of gold popping back up, they had to run in and cover. Now the trend, the general trend of gold still is very bearish. Once we settle in here, probably, you know, maybe this level, another 20, 30 higher i wouldnt doubt if it consolidates and then trends back lower but i think the main going behind this is a really a shortcovering rally. Liz scott, isnt gold really a sideshow now on a day were the equities hit alltime highs for the s p and Dow Jones Industrials . What are the guys and women in the pits talking about in chicago as it pertains, to lets say the next month or so . I think what we see tomorrow morning with jpmorgan and wells fargo which everyone is just beaten down, is really going to set the tone because, when you look at it, especially with wells fargo, with a massive rise weve seen over the last two, three weeks, over the last month, how will that affect the Housing MarketGoing Forward . Knot right now. Not the next month or two. How will it affect it forward to the end. Year . The key tomorrow with both big banks is not so much numbers, revenue from this past quarter, what is their guidance . If we start to see decent guidance and no pullbacks whatsoever, that will help propel the market higher. One of the things adam scott, let me hold it right there just quick. You brought up a key issue talking about revenue. Jason, one thing analysts say, i think you believe it, be careful with secondquarter earnings results. Revenue is what you should Pay Attention to. Youre optimistic about the market. What would make you less optimistic . If we start miss on revenue . Were agreeing what you say on earnings and revenues. You look out the back half of the year earnings from analysts are still rather high. Theyre looking doubledigit gains for the back half of the year. That is quite high in an environment where the past couple earnings reports seen revenues moving sluggish and barely coming in line with expectation for a majority of companies. Whereas their bottom lines have been gaining due to cost cutting there is only so long that can last. We think this is still a, kind of a sluggish Economic Growth scenario. We like equities long term because the valuation is there relative to fixed income, we think you have to be really careful what youre buying. Adam what should you buy . Real quick what should i be buying right now . It should be quality, thickprofit companies. If youre in low credit environment, leverage doesnt work. Reinvesting money by buying stocks or expanding your business. Companies like 3m, microsoft or microsoft or johnson johnson. These are fairly different industry, all of which are still reasonable, valued stocks. All of which have reasonable dividend that they pay to, 2, 2. 5, almost 3 in one. Cases all of which are growing the dividend. Theyre reinvesting their proceeds. Theyre buying their own stock with buybacks and their Profit Margins are 15 to 20. In the case of microsofts situation, over 20 . Heavy return on assets across the board. Thats how you make money in a Slower Growth environment is by having a lot of profit generation and reinvesting that in the company. Liz lets talk about the loan atmosphere right now. We know that the government has wanted banks to loan more and if youre looking for, some type of a reactionary trade to that, what jason, do you look at . One of the things you can look at, banks have this kind of falls outside of our bucket but banks, particularly midlevel, midcap banks have an interesting position here in the environment. Liz it almost seems, jason, it almost seems many of them picked up where the big banks left off. I know when i reified my house, i couldnt get one large bank that will go unnamedded, citigroup, even though im a client, to do it. But a smaller regional new jersey bank, lakeland, did it. You have to be selective there. There are some that are great banks and some not so good banks. Some companies there are mismanaged. Theyre very different from the large banks. Large banks have Investment Banking businesses and global franchises and all these other moving parts to them. The Smaller Banks are considerable more simple. They have lending practices primarily. They were not levered as much as big banks were. They are in a much different position. Truthfully theyre benefiting from what primary factors in the u. S. One is the improvement in the housing situation in the u. S. , number one and number two is this onshoring of manufacturing thats coming from the shale gas development. The fact that Energy Prices are so low in the u. S. Is driving manufacturing here. What happens when you build a plant . You have to finance it. And guess who is financing it . It is the midlevel banks. It is not the big guys. Adam jason, scott, i appreciate it. Were going to change lizs name because of citigroup to meredith whitney. Jason pried thank you very much. Scott, well see you in a few minutes when the s p futures close. Liz oil was sent to a 15month high yesterday. Today however is a very different story. Well tell you what happened and where the market in energy is headed. Two top on lates analysts duke it out in our street fight. Thats next. Adam chinas economy may be starting to slow down but it is not just Chinese Companies that could actually suffer. Well break down specific stocks and sectors at risk. Well help you protect your invests. We want to hear from you, the smartphone war is heating up as nokia unvales its new phone and google preps for the launch of its new motorola x. Who will win the smartphone wars . Log on to facebook. Com afterthebell an well read some of your answers later on. [ male announcer] surprise youre having triplets. [ babies crying ] surprise your house was built on an ancient burial ground. [ ghosts moaning ] surprise your car needs a new transmission. [ cote howls ] how about no more surpses . Now you can get all the online Trading Tools you need without any surprise fees. Its not rocket science. Its just common sense. From td ameritrade. Liz shares of radioshack getting slammed today following reports the companys looking to clean up its balance sheet. Whats wrong with balance sheet, nicole . That is probably why people are concerned. Exactly because now people are throwing around the world bankruptcy. What happened to cute little radioshack, you went in there and found every cord or attachment you ever needed . Look at the stock is down 7 . At its lowest point it was down 20 today. It has been in the abyss. It was trying to shore up the balance sheet. It hired bankers and advisors to figure out what to do. Meantime some. Insiders who follow this closely say maybe these advisors may say bankruptcy is the best bet for radioshack. And as a result, you saw the stock really reflecting that type of talk and sold off. But you remember radioshack, right . You went in there, you found toys, cords, things for your phones. Now really almost like a Cell Phone Service store. Liz i was just in there the other day get being my running watch battery and a gold tipped cable. Not really. Nobody else sells gold tipped cables. Just saying. Adam you have an old tv. If youre getting one ever those you have an old tv with rca plug. Liz thank you, nicole, very much. Adam hey, s p futures are closing. Lets go back to scott bauer in the pits of the cme. Im curious. We have to have a new support level on the s p . You know, if we rally tomorrow, if we get good numbers tomorrow and rally 1700 is the next level these guys are telling me here. This is the second time were up here and, its Sustainable Well see 1100 probably within the next week. Liz okay. To adams point, tomorrow what do we see . Tomorrow its all based on what we see with jpmorgan and wells fargo. If there is any liz that is one point. Forget it. Watch fox business. Well have the numbers for you. Thank you, scott. Adam thanks, scott. Liz oil skyrocketed to a 15month high yesterday following that report we always get on wednesdays that Oil Stockpiles fell by 9. 9 Million Barrels last week. That was way more than expected. But oil then took a hit today. Total opposite, on a prediction by the International Energy agency that oil supply will increase next year. Adam so what does this mean for the oil market and where you want to invest . Where are we going with all this . We have two top analysts ready to duke it out to help you make some money in our bull versus bear street fight. We have david greenberg. David, i will start with you, i know thaw dont think this price of oil is sustainable. You expect it to fall even further. Why . I think demand is picking up worldwide so wouldnt the price go up . There is always the argument about demand picking up and thats real, however the production the United States is giving with shale and so many other things, the fact that cars in itself are more efficient now than ever before, an mostly that this spike was a shortcovering rally. There were a lot of people short going into the egypt play, as it always has we see this movie before, we know the ending, it was going to come off, everybody got caught bit number. It is coming off already. Nothing changed that much. Liz john, you are way more bullish. Up until now youve been very right. Im not saying not just because of today because we pulled back. All you look at the last three months you see how pretty dramatically we jumped from 95 to 107 the other day. Now we moderated but what continues to drive this much higher beyond 110 . Liz, most of our comments have to do with longer term when it comes to oil. The u. S. Is finding more oil so i agrere david. That is definitely the case but in the scheme of things when there are 90 million bears of oil used every year and the u. S. Is producing an extra couple Million Barrels of oil it means something but i would say on the margin not as much as everyone believes. The reason weve been bullish on oil because frankly the fundamentals on the buying side are still there. If we go back to the last 10 years production in the world has grown by about 18 but you have gdp demand in the world has grown by nearly 55 . If demand is growing by 50 plus percent but yet your Production Growth or your supply is only around that midteens level, that is why you get 90 oil. That is why you get 110 oil. Were still bullish long term. Adam judd, i understand that. China is slowing down, europe is in recession. Will demand keep at the pace you just quoted . Will it sustain that . We havent started to tap into what this country can start producing. Yeah, i think the part of the equation i would Pay Attention to is the supply side. If the u. S. Keeps producing at the level theyre producing at then our estimates on oil would come down. So the demand level to us is still there. That hasnt really come down that much. It is really the supply side. If you get Companies Like the United States and canada maybe producing an extra two or three or four Million Barrels a day i think that would bring the price of oil down but were not necessarily seeing that because what the u. S. Has had recently, the increases, all thats doing is offsetting other countries that are going down like norway, like mexico. So in the end its a wash. Liz adam pushed. John, i will push david. David, i look at your more bearish scenario. I get it but yet we also have headline risk. We have conflict in the middle east. We have problems potentially in the straight of hormuz in the middle east that is really, that important artery of oil moving through on the tankers. Does that not then indicate to you that one bad headline out of egypt or syria might spike the price . Oh absolutely and thats all based upon electronic trading. Ever since weve gone electronic these moves are overexaggerated by five, 10 of market risk right now. For the first time in about 10 years we have a tremendous amount of players in oil that have nothing to do with oil. Yesterday gas rallied, basically on spread buying. It had nothing to do with front month. You have overexaggerated moves in this market. Yeah, i have to be honest with you, i would be afraid to be short overnight if Headline News comes out, youre right. This market could open up 10, 15, 22 higher. However doesnt mean thats where the price should be. Adam david i i want to push it too because you were in the wrong fraternity at syracuse, my alumni brother. We beat you in the greek games. Adam well talk about that the Chinese Government will stimulate. There is no way they let themselves slow down. Chinese consumers buy cars at record numbers. Will they need oil, is john right . He is right to a point. Im not saying oil shouldnt be higher, i think were over extended we should be. Were not at three times the level of intake we were at 2000 two. I did an interview in 2000 two. We had two Million Barrels off line. We were about to go to war with iraq. We rallied at 25 . We were at 31 oil. 85, 90 oil im not arguing with. However 110, 120 oil is really a stretch. Liz john, what is your target for the end of year . Lii, we dont really put targets out. We think it will be a little bit higher. Liz okay. Were near alltime highs, the average, were going back to 1864, the highest number the u. S. Ever averaged in price in oil was 115 a barrel the whole year. Were averaging 107. Liz we saw 147 in july of couple years ago. I saw 10. 75 years ago average. Liz 1999. Exactly. Liz i know you are, but what am i. Good to see you. Thank you so much. John laforge and david greenberg. New data out this week suggests that the china economy, we were just talking about, is slowing down. Weve seen a couple of these pieces of data come through but coming up lets talk specific companies and sectors that could take a big hit out of china if the deceleration inside of china continues. Adam airline fees continue to take off with another carrier joining the party at least for the carriers and raising their baggage fees . Byebye. Details coming up next. I turned 65 last week. The math of retirement is different today. Money has to last longer. I dont want to pour over pie charts all day. I want to travel, and it. Ishares incomes etfs. Low cost and diversified. Find out why nine out of ten large professional investors choose ishares for their etfs. Ishares by blackrock. Call 1800ishares for a prospectus, which includes investment objectives, risks, charges and expenses. Read and consider it carefully before investing. Risk includes possible loss of principal. Liz time for a quick speed read. Some of the days other top headlines, five stories, one minute. First up, samsung beats apple this time in mobile web usage and it is the first time samsung has beaten apple on this, accounting for 25. 5 . This according to a study by staff counter. Apple and nokia rounded out the top three. Walmart ditching plans for new d. C. Stores after the City Council Approved a bill that would boost minimum wages paid only by larger retailers like walmart. The new bill raises pay by nearly 5 per hour. Walmart says, cant afford it. Foreclosure dropped to the lowest level in seven 1 2 years in june according to realtytrac. Foreclosures are are on pace to reach 800,000, down from 1. 1 million last year. Alaska air raising its baggage fee, raising the cost of checking first two bags for 25 for tickets bought on or after october 20th. The tickets for third and fourth bags, 75 each. Greeces jobless rate rose to 27. 9 . More than the average rate in the eurozone. [buzzer] liz average rate is 20. 2 . Adam very tough for people to live through that. Liz very tough. Adam officials meeting in the nations capitol for economic talks including economic reform and a halt to cyberattacks. Liz rich edson joins from us washington, d. C. For the late left. It is not enough for the people to say, you have to stop the cyberattacks, right, rich . The big economic news, perhaps a way forward for more American Companies to sell more American Goods in china. The announcement of a beginning of negotiations on bilateral trade treaty. Jack lew was announcing a few moments ago a bilateral treaty for the United States is priority and opening markets for fair competition. The commitment made today, stands to be a significant breakthrough and marks the first time china has agreed to negotiate a bilateral investment treaty to include all sectors and stagings of investments with another country. Now they have not agreed to that they have agreed to begin negotiations on that treaty and that should be beginning sometime soon. When you look at cyber theft, though, the u. S. Says china basically began to make the case, when you look at revelations of nsa spying program, china tried to tie the two, comes to cyber theft and stealing of intellectual property. U. S. Says absolutely not. Intelligencegather something much different than statesponsored cyber theft of intellectual property and giving that to competing businesses. There is still a lot of work to be done on that front, according to the treasury officials. Treasury Officials Say at the very least the conversation has become clearer and more direct. No concrete steps but still the conversation continues with that. The same when it comes to the value of chinas currency. Earlier today a ceo meeting took place at treasury. Jack lew, his counterparts from china, some other u. S. Officials along with larry fink of blackrock, Ellen Coleman of due point and chairman of baidu, lenovo, other companies as well. Treasury Officials Saying in that meeting, businesses raised protection of intellectual property this is coming up all week. Property rights, cybersecurity. Regulations, increasing exports and Climate Change is the issues that they discussed this morning. This all wraps up in about the next hour. Treasury secretary jack lew will make remarks at about 5 30. Shortly thereafter, holds a press conference. Back to you. Adam rich edson at the white house. Thank you very much, rich. Liz we have breaking news on dell. Boy this story to take this Company Private is far from over. Were hearing news out of bloomberg right now that carl icahn, who had the opposing bid to michael dell and his group, says he will come up with a higher dell bid friday morning. Tomorrow morning. He says, you know what . Right now the 13. 65 a share that has been accepted by shareholders, the dell bid, we can come up with Something Better than that. Carl icahn saying once again they will tomorrow morning have a different bid, a better bid for taking dell private. It has been a big battle. Two shareholder proxy firms saying to accept the michael dell plan. Adam what does carl icahn see, what value in dell does he see . We saw the pc numbers. Dell is losing market share like the rest of them. Liz servers. Service . Adam hewlettpackard, a lot of companies are outperforming dell. You know, he has to see some value there. Liz the stock quite not moving on that news. Well watch it. Chinas economy in the spotlight because of slowing growth. What will happen to companies and sectors outside of china . Maybe stocks you own if chinas growth rate continues to slow and grind down . Well tell you which names could feel the most pain. Do you own them . Adam and Chinese Technology giant, lenovo, is on a role. Theyre seizing a huge u. S. Rivals crown in a key battleground in the u. S. Electronics market. Well talk to lenovos north american president. You will only see it right here on fox business. My mantra . Trust your instincts to make the call. To treat my low testosterone, my doctor and i went with axiron, the only underarm low t treatment. Axiron can restore t levels to normal in about 2 weeks in most men. Axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. Women, especially those who are or who may become pregnant and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. Report these symptoms to your doctor. Tell your doctor about all dical conditions and medications. Serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet or body swelling; enlarged or painful breasts; problems breathing while sleeping; and blood clots in the legs. Common side effects include skin redness or irritation where applied, increased d blood cell count, headache, diarrhea, vomiting, and increase in psa. Ask your doctor about the only underarm low t treatment, axiron. How concerned should investors be about china, or stocks in the portfolio. Jeff, too dramatic to call it a ticking time bomb in a portfolio . I mean, i wouldnt go that far. Anyone who is kind of been in chinas stocks last year or two. Have seen the bomb blow up. I think some multinationals people have, may be kind of an exposure they didnt know they had, just like a lot of people dont know the stocks in their mutual fund. The same thing goes for individual investments. You should know how the Companies Make the money. Because you own a big multinational headquartered in kentucky somewhere doesnt mean youre not exposed to china. People need to know that. Liz that is excellent point. If they dont want to do the homework, jeff reaves has a job. I have a job. Liz what sectors might get hard by a shortterm continued move to the downside by chinas Economic Data . Weve already seen the commodities market has been hit really hard by a slowdown in china. The sucking sound is all you hear is the demand from chinas manufacturing. Anywhere you look, trade data, pmi. Purchasing Managers Index there, is not as much stuff or demand for energy. Whether coal or base metals like copper or iron, china isnt using as much of it anymore. When you add in the fact we have a strong u. S. Dollar and inflation is pretty subdued, there is not really a chance of upside in either commodity pricing or commodity stocks. I think we should be very careful. Liz were looking at several, what, threemonth chart of copper. Here is the yeartodate picture. You can see how copper prices have fallen. This is simple equation. China uses a lot of copper building skyscrapers because it is in, wiring and all of that but the fact is that if it starts to fall that means there is less demand. Jeff, what is the stock that people need to be worried about in this regard . I mean the biggest commodity stock people should Pay Attention to is bhp billiton. A 1 hundredbillion dollar market cap company. Head quarted in china. Has a lost relationships there. Copper is another major player. Of all the ones out there, bhp, it is not as agile because of its size. It cant ramp up as things do change but i think narrative is true across all base metals now. Liz it has had a good year but not so wonderful, the camera is in my way. Now lets go to what you talked about, that is the auto sector picture. Tell me which name, if the chinese are buying fewer autos has exposure here that concerns you . I think ford is the one you should look at. Ford has been behind the china game. There are people there, other Companies Already there making a decent amount of profit. Ford actually is kind of, doesnt have that big of a presence in china right now. And a lot of people believe liz alan mulally was just on our show saying they were ramping up. I would think this is the time to ramp up when the chinese are more desperate to have this kind of investment. Ford looks smart, dont they . Look at consumer perspective. Last year people believed in the china miracle for automobile biel sales. The growth was single digits. 6 of chinese have cars and vastly different culture and consumer class. We cant fall into the trap of thinking if you just build it, they will come. Ford does have Growth Potential but if we see continued slowdown in china. Are edge trenched players conceding the market share . I think not. Liz smartphones were the same thing. There are a billion people in china want smartphones. The third name, a company very much in the spotlight yesterday and that is yum brands with more than 50 revenue exposure to china. Yeah. I think people might get fooled thinking it is the kind of bird flu thing or regulators concerned about chicken in china. I would caution people and look at the fact that mcdonalds has soon a lot of softness in asia sales. Kentucky friday chicken you can blame on the chicken mess, the fact of the matter yum brands seeing softness in sales. So has mcdonalds. A lot of Consumer Brand believe in the china miracle if they throw off more restaurants they will find more people. To a degree that may be true. Number one you cant bank on growth guaranteed and learn with so many stocks, apple the biggest of them all, expectations are more important than growth. If a company like ford is banking everything on asia growth and dont get it or company like kfc with 50 of the its revenue, a little bit goes a long way to affect the investment. Be came of the exposure you got. Liz thank you for educating us, jeff reaves. We like the noglasses look. Glad to be here with it. Liz jeff is the editor. See you next time. Thanks. Liz adam . Adam liz, theres a new lead another global personal computer race and it is not a United States company. A new frontrunner faces huge challenges. Well talk to a Top Executive from the company that is now leading the pack. Ive been doing a few things for a while that i really love tdd 18003452550 playing this and trading. Tdd 18003452550 and the better i am at the the more i enjoy the tdd 18003452550 so im always looking to take them up a notch or two. Tdd 18003452550 and schwab really helps me step up my trading. Tdd 18003452550 theyve now put their most powerful platform, tdd 18003452550 streetsmart edge, in the cloud. 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Call or cck to learn more. [ male announcer ] if you nt afrd your medication, astrazeneca may be able to help. Im jo ling kent with your fox business brief. Stocks climbing to record highs a day after Federal Reserve chairman ben bernanke said the central bank would continue to support the u. S. Economy. The dow finished 169 points higher at 15,460. Investors bullish for gap in extended sales after samestore sales for the clothing retailer topped expectations at 7 . June sales came in at 1. 5 billion. Drivers are experiencing major pain at the pump as Rising Oil Prices in the peak driving season create a perfect storm for higher prices. According to aaas Daily Fuel Gauge the average price of a gallon of regular is up two cents overnight to 3. 52. Gas buddy says price in the spot market are 30 to 60 cents higher than they were on june 28th. Thats the latest from the fox business network, giving you the power to prosper adam more pain for the personal computer industry. Research firm gartner says global pc shipments in the Second Quarter fell 10. 9 but for those who are still buying pcs, there is a new leader in the race for market share. Chinas lenovo overtaking hewlettpackard as the number one pc supplier for the first time ever. Liz we thought we need to haul in this gentleman. He is lenovos north american president. Hi, jay. Good to have you on the show. Thank you so much for coming. Hi, thanks for having me. Im excited about it. Liz there is the good news, bad news part of it. The bad news is the gartner numbers we just showed. The good news there are still people out there in the world, you are very much a Global Company that are attached to the pc concept. So pcs are not just completely disappearing. Lets get to the good news part of it. What is it that you think you did that catapulted you above hewlettpackard to take the top spot when it comes to market share for pcs . Yeah. Its been a long journey and continue to be a fight. We had a very basic strategy. We said we would protect our strong markets which are china as well as the commercial business and we would attack the consumer business and emerging markets. So that combined with a lot of investment in r d and new technology and expanded distribution have led to us where we are today in pcs. Adam so let me ask you, you have a little less than 20 of market share in the pc world. Right. Adam what were being told pcs are yesterdays news but i would believe you would say no, theyre not. Why should Companies Like yours continue to invest so heavily with pcs . Well, you know, at the end of the day it is still a 200 billion business around the world. Were under 20 of that. We see a big opportunity for profitable growth Going Forward in this segment. We think weve seen the worst in terms of the market on pcs and we expect it to get better later this year and into next year to see some growth. Liz so much so, youre such believers, youre moving a lot of your manufacturing, that thinkpad, which you bought that business from ibm, to North Carolina doing a complete opposite of what say, other companies in the past like apple has done which is farm it out to foxconn in china. Tell me how that works for margins in china and why you made that strategic decision. Were excited to be a pioneer in doing that. Were one of the first, if not the First Technology manufacturers to bring some of the manufacturing back to the u. S. We really did that based on a Customer Business case. We think theres a couple of advantages to doing that. Number one, we can get products to customers faster, just pure logistics time when we make them here in North Carolina. We can customize later in the purchase cycle. You know, close to the box services. Liz sure. Peripherals and adders. There is a segment of the mark that either demand or requires that products be assembled in the u. S. , especially the government. That Business Case made sense for us to start an investment here. Adam when it comes to pcs, where is the market . Replacement pcs . Are you seeing at least some growth, you know, new purchasers . Where are the sales being made . Well, ts a little bit of both. You certainly are seeing replacement cycles. Windows 8, the advent of that, while it hasnt been the boon for the market we had hoped for it certainly has given customers a new reason to buy, a new user experience, thats, significantly different than what weve seen in pc before. And, were starting to see some of the fruits of that here in the middle of the year and we expect that to continue, like i said. Liz were talking all pc but you guys do a pretty interesting business when it comes to tablets. Smartphones are a priority. How do you ramp up the smartphone attractiveness to say, the 21yearold College Student here in america . As much as were committed to the pc business and believe theres profitable growth there we also understand some of the realities of the market and that is a lot of Consumer Spend something going to new type devices like tablets and smartphones. So we had a successful business there. Lot of people here in this market, dont know that weve launched smartphones in china as well as other countries that make up about 60 of the worlds population. As a matter of fact, were number two in china smartphones already. And so, eventually we will bring that to the u. S. But right now we want to continue to build our brand here amongst the american consumer. Liz right. And build our pc strength because the fact remains were not number one in the u. S. In pcs and we think we have Growth Opportunities still in that space. Liz jay, it is a fascinating story to watch in lenovo, i followed it for some time but indulge us for a second. There is all this news breaking that carl icahn will up his bid for dell, a competitor which you worked at many years. What does it look at the outside as this battle for dell to be taken private . Do you consider them a competitor as today . We keep our head down and spending time on our products and customers. If that gives customers a reason for pause, then were happy to go try to earn their business. Liz good to see you, jay. Great to have you on. Thank you. Liz jay parker at lenovo. Adam thank you, jay. Thank you. Adam there is big news in agriculture today and it could have a big impact on your grocery bill. Jeff flock joins us from the illinois cornfields. Jeff . You would think, adam, it would be a positive impact on your grocery bill but the market today is reacting just the opposite you would expect it to when they say it will be a record harvest for the corn crop. Back in just a moment to explain why the market is acting peculiarly on this year of a great harvest, we think, for corn. Stay tuned. Liz new agricultural numbers today could give us come clues where grocery pries you have to pay may be headed. The focus on grain forecasts following last years drought that decimated crops. Adam jeff flock is in a field in illinois with a surprise. What was the surprise . Bigger than expected corn stockpiles, a bigger harvest, probably alltime record harvest. Look at the record what they think the harvest will be this year. The alltime record harvest, 2009 for corn. Last year of course we had a terrible drought. About 10 billion bushels of corn. This year, they think it will be a record but prices are still going up. Pete, why . Well, i think an hour ago i had a different opinion. Now, there is not as much moisture in the ground we think there. What is happening here . Take a look here. That is the tassel. This corn is no, sir tasselled. No, it is not tasselled. The corn looks great. It is moist now. If it tassels you dont get the yield . Dont get pollen nation and affects the yield. Look at corn prices first of all in july. That is trading over 7. That went up today, even though you had what should be a bearish report on corn. If you take a look by the way at the december contract, the comparison, ones about five bucks, the others about seven bucks. Yeah. Thats quite a spread. You will see that 5 coming back up if in fact you get your yield, right . Yeah. Were starting to see some pineappling out here. Pineapple, what do you mean . It is, protecting itself and the moisture that it has. Gotcha. We havent had a good shower in almost two weeks now. So it is starting to, starting to, it could be affected. That is a great point. Even for a farmer when things look great and looks like a great harvest so far, if you dont get timely rains could you have problems again. Liz jeff flock, live on the farm. You know, were all eating corn this summer. It is delicious. Thanks so much for the story. Make your bets on that one. Adam imagine if you could waterproof your phone, your clothing even your shoes . You can waterproof your shoes. We have details of a new product that can do just that. Dont go away. Of adam lets go off the desk. Can this be the end of dry cleaning . Never wet is a new product launching at home depot this week that repels water, mud, oil from your clothing and even your electronics. One word, polyester does that. It is a spray that actively repels liquids and deflects moisture better than kim kardashian. It will be sold for 20 bucks and sold at other u. S. Stores. Liz i want it but i need to find out what it is made of. So many of you were generous on team fox business triathlon train. This sunday, i am doing the triathlon raising money for the most severely Wounded Soldiers from iraq and afghanistan. Cheryl casone, chris hahn and i are doing the new york city athlon. This is a charity i work with. We build custom built homes for free for soldiers returning with the most tram tick injuries. We build specialized homes mortgagefree to be comfortable. Staff Sergeant Aaron hail got one of these homes. This is the presentation. He is one of hurt locker guys, mem better tactical explosive unit. Father of four was blinded in afghanistan when, a improvised explosive device detonated 30 feet from him. Served one tour in iraq, two in afghanistan. Disabled 50 explosive devices during the final tour. There are some like him. Consider helping us. Building homes for heroes. Thank you. Money with Melissa Francis is next. Melissa im Melissa Francis and heres whats money tonight. The winds are blowing against the keystone xl pipeline approval literally. Opponents are planning to use windmills and solar farms to block its construction. One of the men leading the charge joins us. Plus an interesting turn in egypt. It has been plagued by blackouts and gas shortages but now all of a sudden that has stopped. Were they part after plot to topple Mohammed Morsi and the Muslim Brotherhood . We have details that you will want to hear. Who made money today . They suffered more pain than just about anyone in the market this year but they have shimmering smiles today. Stay tuned to find out who it is because even when they say its not it is always about money