the secretary stressed any action would be carefully tailored and would not involve u.s. boots on the ground. david: before the president or secretary of state talked we had consumer sentiment. that slipped to 82.1 in august after hitting a 6-month high last month. despite the declines americans were more upbeat about their outlook for the future. cheryl: vodafone confirmed it is in talks with verizon. you knew this if you've been watching fox business, is in talks to sell its stake in verizon wireless. no news but it could potentially be a 130 billion-dollar deal. david: this is not good news. spending rising just .1% of missing analyst estimates. it matched weak growth in personal income which also rose .1 percent. cheryl: look at gold falling for a third straight day, the commodity declining, $16.80 an ounce -- $1680 an ounce. gold gained more than 6%. that big safety play we're following for you. david: remember we're telling you for every seller there is a buyer. hedge fund operator perry capital says it acquired 3 million jcpenney shares following pershing square's divestment of the retailer. the company now has a 8.6% stake in penny. "after the bell" starts right now. david: break down this week's and months and this day's big moves. good to see jim again. chief investment officer. alan lance, president alan b lance and associates is right y. chris gersh in the pits of the cme in the center of the country. chris, i want to start with you, when john kerry was laying out his case, i have to say it was forceful case even though there is question exactly what he would be doing. i saw the market first of all went down tremendously and recovered quite a bit when he said no boots on the ground. is that the impression for a short, maybe powerful but maybe short, not a prolonged strike against syria? >> it is, really gauging the interests of what the u.s. government and u.s. military forces are going to do. choke on the sandwiches, it's a light day here. all of a sudden we had a huge, john kerry come out and market started selling off. six quick points on s&p. that's a huge move. all of sudden he was really hawkish. we're going in there for everything and take care of business. all of sudden starts talking about how we'll go the diplomatic route. all of sudden you saw dramatic reversal. and midday in the pits. for that sort of movement that was huge on light volume. it is huge put buying in the s&p futures. that is telling traders with the vix around 18 that this market is ready to crack after the holidays. cheryl: there you go, jim. it's been a rough month of august. september is historically a bad month for the stock market and we have all the negative headlines, take your pick, syria, debt selling debate and fed program coming to an end at least in part. pick your story for september. is it going to be a rough september for the markets? >> it will be a rough september. 20 years i been doing this there wasn't a day difficult to put my feet up on the desk and smoke a cigar and call it a no-brainer. you're talking about an average monthly loss historically in september below 2%. any long-term investor can suffer that marginal loss. there are headwinds. fed taper talk and syria and others. the job creation story is too lackluster for me to believe in sustained and robust growth. selling, good stocks and portfolios, down on such rumors would be like selling beachfront property on the first shark sighting on rumor after shark sighting, simply not a wise move for investors. david: jim, you and i have to smoke a cigar sometime. alan, despite all the bad news interest rates were down a tick today. it is kind of interesting that you have these various indices. we usually rely on as indications what the market is going to do. now we can't. interest rates though have been on the rise, very troubling to some but you see some opportunity in interest rates going up, don't you? >> i think, david, last week when the 10-year treasury went, you know, from 1.66 in may to almost 3% last week, we actually bought some long-term fixed income and i think it presented an opportunity. investors overreacted, talking the 10-year at three. it will go to 3 1/22 four, i never thought we would be buying a 30-year, as far as ge capital preferredded but we ended up doing it at a major league discount because investors are emotional and dumping. cheryl: chris, i mean it is not hard to have emotion and concern on a day like today. you alluded to that a few moments ago. it is one of the trading days going into a three-day holiday weekend. how nervous are you going into a three-day holiday weekend? we don't know what the headlines will be an a strike is possible? >> there are two thirds of what is usually left here on a holiday weekend the volume being so light there's a lot of short-covering. anytime you have that sort of short-covering there may be an opportune to buy when we open on tuesdays. what i really want to see, how those currencies react on those. remember, just because we have a labor day holiday doesn't mean everyone else does. cheryl: great point. >> the yen will indicate, if we see the yen lose strength against that dollar you know it is really, the yen has been trading inverse relationship, with the s&p. cheryl: right. >> so look to the yen to gauge, you know the open interest but i really think it will be a selling off kind of sent. cheryl: currency markets -- david: jim, keeping it overseas for a moment, the fact is that a lot of people find opportunity now in what's happened in europe. they think europe might have bottomed out. is there any bet you can play there if you believe that's happened? >> well we definitely think it is time to go bottom-fishing. it doesn't mean there aren't some canyons still inside of the eurozone but countries are faring better. economies faring better, markets are faring better germany in particular. we like fidelity active growth. this manager knows how to pick stocks not just through a computer screen but actually travels extensively boots on the ground and lived abroad. we like this moment for active managers in that space. we wouldn't want to buy the whole market and all of its risks but there are clearly rubies in the rubble of europe and we believe we have the right manager. david: by the way, fidelity international growth, figfx, right? >> figfx. david: figurefx. okay. cheryl: alan before we go into the three day weekend besides the middle east issue when you have europe trading on monday there is a lot of tension between european nation with regards to what is happening overseas. by the time we have comments from the president and secretary of state those markets were closed. what do you think happens monday morning? >> i think it will be a situation where a lot of this is discounted. it will not be as much of a factor but what we would do, if you do see, a selloff into next week, use that as a buying opportunity. the profit-taking we did last month, use those proceeds and pick up some high quality bargains. that is the way i would look at it early next week. david: jim, how do you weigh risks of this thing spinning out of control? there is the possible, you know how crazy the iranians are, iranian government is anyway, they have a lot of assets all over the world, terror assets, if they put that into play and feel threaten what the u.s. does and put that into play, does that change the ballgame? >> overnight and on scale. i mean reality right now i could say the easy trade is trading the quicksand for the beach sand but if we see some sort of escalation beyond a singular and surgical strike, if we see syria, iran and others get scratched and then turn to make israel bleed, this will be a market that will bleed accordingly. that doesn't look like it is going to happen but certainly no longer it is a possibility. it's a probability. tough factor it into your risk adjusted thinking. >> jim, israeli, jim, they're certainly getting ready. they're very nervous over there. david: let's hope we trade quicksand in for beach sand. i love that analogy. good stuff. cheryl: jim, alan, chris, all of you, of course, thank you. chris we'll see you in a few moments to see how the s&p futures close. david: thanks, guys. have a good weekend. well cash is king. a new report showing half of all homes are now being bought with cash. 100%. this is mean the recovery being fueled by speculators? could we be in jeopardy? cheryl is nodding yes. we'll talk to steve forbes. he of course the forbes media. he will weigh in on this subject. cheryl: absolutely that is happening. plus secretary of state john kerry making the case for u.s. action in syria but are those actions going to be limited? we'll be live in the middle east for you. and the white house with the latest. david: we want to hear from you about what's happening over there and what's happening here in reaction to that. did secretary of state john kerry and president obama calm the markets or make them more jittery today by what they said? log on to facebook.com/afterthebell. we'll read your answers on syria later this hour. ♪ [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ from td ameritrade. instantly changed my life- i feel so much younger. my husband has his confidence back. and he can enjoy the laughter of our grandkids again. i can have fun with my friends again. feeling isolated? ready to reconnect? the aarp hearing care program provided by hearusa can help. call hearusa for a free hearing check-up at... come in for a hearing check-up to see if you qualify for this captioned telephone at no cost. a $250 value. plus, aarp members receive a 20% discount on breakthrough hearing aids. call now, and you'll even get a free 3-year supply of hearing aid batteries with your hearing aid purchase- a $100 value. the aarp hearing care program provided by hearusa comes with a 100% satisfaction guarantee. call hearusa at ... - and start loving life again, today. david: it's the last day of trading in august. of course the end of summer but the summer was not so sunny for several restaurant stocks. let's head back to lauren simonetti on floor of the new york stock exchange. what is the deal on these summer stocks? >> i know. summer stocks, people are expected to go out to eat this weekend, even today and we're seeing big declines in this space probably due to weaker-than-expected personal income an spending numbers we got this morning. cheesecake factory down.8%. brinker international, you they them forchilli lee's. buffalo wild wings, also down today. and that is disappointing heading into long weekend. david: have a good one, lauren. we'll see. >> thank you, lauren. the s&p futures are closing let's head back to chris and sandra smith down at the cme. sandra. >> we're watching the s&p right now, still down on the session but something to note, guys, just saw this pass on the tape. this is the worst month since may 2012 for the s&p 500. that is passing across right now. the so keep that in mind. this is a market where the equities market is still struggling for the month of august. we're ending with crude oil higher for a third straight month. we do have the correlation where oil prices are going higher, equities markets are going lower. a lot of that is sort of coming back to the marketplace. david: chris, let's look for a bottom here. i know number 1590 for s&p is critical. if it gets down to that level will we see a whole lot of buyers coming into that market? >> i think you will see a lot of buyers coming in at 1590. if it pushes through in one trading session, that is the key market. if we settle 1590 look for following trading session to come through and start buying it up because there is key support there. if it goes through a trading session you will see a lot of bid hitting. all of sudden, with this put volume we are seeing here, i really think, this you know, coming off one point just like that it is such light volume people are a little nervous going into september. i do not expect any buyers to come in early next week. cheryl: at love yelling and screaming in that final 30 seconds as s&p s&p futures were closing there is nerves down there. gentlemen, chris, excuse me. sandra smith, sandy smith, just called her a gentleman, thank you very much, guys. have a good weekend. david: see you, sandy, see you, chris. secretary of state john kerry laid out a very tough case against syria this afternoon that seemed to make some action all but certain. but then a little bit later the president came on board saying he has not made up his mind on military action quite yet. cheryl: joining us from jerusalem, we have leland vittert. from the white house rich edson. let's go to leland first. the israelis have been on edge this week, leland. >> reporter: absolutely, cheryl. front page of the newspaper here going into the weekend, the tense wait under a picture of folks lining up for their gas masks. that is in case the syrians decide to live up to that promise to make tel aviv burn and launch a chemical attack. lines yesterday. thousands of people waited for hours for gas masks. not everybody got them. if you didn't get them yesterday you were out of like for did luck this weekend friday and saturday here in the middle east. israeli military is on high alert. the iron dome missile defense system has been brought out. they also brought out an iron dome system not only in the northern part of the country but also to protect tel aviv, giving you an idea what they think may be headed their way in the targeting after possible syrian response. israeli military canceled leave for a number of its soldiers overthe weekend saying they did not want anybody who was essential to be gone from their bases. syrians are also making preparations. remember it has been 10 days plus since this chemical weapons attack. gives them a lot of time to move military hardware around. we hear scud missiles have been moved. perhaps some of their chemical weapons were moved from their stockpile locations where u.s. could have made a easy targeting decision. headquarters staff was evacuated. maybe over next 12 or 24 hours the u.s. will decide if they want to reevaluate the targeting package based on new intelligence. also today the united nations team inside of damascus wrapped up all of its work. they wrapped up a bunch samples. whether their report means anything in the end is yet to be seen. they depart damascus tomorrow morning. the waiting and watching not only what will happen in syria the feeling the way the u.s. handles this especially from israeli perspective will tell israeli leaders much what will happen when it cops to iran. much the same words he said about iran he said about syria as well. in the words of one commentator here, it is time for the stop talking to stop and tomahawks to five. david: we have only five second answer to this question. i know syria works on behalf of iranians want but, if in fact it goes escalates beyond is israel prepared for a direct attack from iran? >> prepared? but probably it would be end up in a very bloody regional war. david: good stuff, leland vittert. thank you very much. appreciate it. cheryl: now to rich edson he is joining us from the white house. it has been a busy day at the white house, rich? >> reporter: it has. here as well as the state department, cheryl. the secretary of state john kerry taking the lead on this one, making the case, a passionate case for u.s. and international action to respond to syria. the u.s. government saying, that there is a high level of confidence with the intelligence that they have, that bashar al-assad's government did use chemical weapons against its citizens. kerry is saying we need to about the risks of doing nothing. he says the risk of doing nothing is emboldening assad to attack his people again an embolden people around the world, leaders around the world in north korea, hezbollah and iran. president obama speaking a little bit later at the white house after kerry had spoken saying part of our obligation as a leader in the world, as the united states, when you have the regime willing to use weapons prohibited including on their own children, that they're held accountable. >> the world has an obligation to make sure that we maintain the norm against the use of chemical weapons. now i have not made a final decision about various actions that might be taken to help enforce that norm. >> reporter: now to the consultation with congress. the administration hasn't said whether or not they will seek a vote in congress. congress is still out for another couple weeks. they have gotten push back because of lack of specifics how we're going to attack and what goals we hope to achieve in an attack. this from house speaker john boehner's office shortly after secretary of state kerry spoke. if the president believes this makes a military response imperative it is his responsibility to explain to congress and american people the objectives, strategy and legal basis for any potential action. we and the american people look forward to more answers from the white house. the administration still has not yet laid out a timeline of what they hope to do and when they hope to do it. back to you. david: rich, john kerry's case against syria was so strong and his case for some kind of action against syria, also very strong, it seemed that the president then came out and kind of pulled back on a little bit of that, of that assuredness that something was going to happen, am i right on that? >> reporter: well you also had two different venues. a prepared text by john kerry, one we had waited for some time in cooperation with this release of intelligence report, president obama was speaking off-the-cuff and remember, it was president obama's remarks a year ago, publicly drawing a line in the sand, creating that red line that very much to do with the situation we're in right now because he drew that red line it's a hit to american credibility if we don't attack almost on the political front. so the president was speaking a bit off-the-cuff, perhaps hoping to couch this decision which he says he has not yet made. cheryl: rich edson, live for us at the white house. rich, thank you. david: thank you, rich. there is a big increase in the number of americans buying homes in all-cash deals much. is this a bad sign for the health of the housing market? we'll talk to steve forbes, forbes media chairman in just a moment about that. cheryl: plus macau only attracts heavyweight gamblers. it is getting ready to host china's biggest boxing event ever. is china setting sights on china? lee hawkins man any pacquiao. i don't watch boxing. good thing that david is here. david: and lee hawkins. cheryl: and lee hawkins. ♪ david: it's time for a quick speed read of some of the day's other headlines. fire stories in one minute of the first up, anglo-american platinum will 3300 employees. the world's largest producer of platinum says the layoffs are part of the company's restructure. outlook for personal computer industry may be worse than previously thought. idc says worldwide shipments of pcs likely to fall 9.7% this years as consumers continue to favor the mobile gadgets. san francisco giants paid 54 a thousand in back wages and damages to 74 clubhouse administrative employees. the payments are a result of violations of minimum wage, overtime and record-keeping laws. at&t taking prepaid aio service nationwide mid september. they will take on it. mobile in the no contract mobile which was launched in may. amc entertainment holdings files plans for an ipo up to $400 million. the company owns, operates or holds interest in 343 theaters with a total of nearly 5,000 screens. and that's is today's "speed read." cheryl? [buzzer] cheryl: all right. chinese territory of macau is getting ready for a huge boxing showdown. boxer manny pacquiao, thank you for all the emails to help me pronounce that will be with the biggest fight in china. why is boxing setting its eye on china and could this be a big economic win for macau? david: joining us lee hawkins, host of "wall street journal", business celebrity, touchstone for all things celebrity particularly involving sports. good to see you, lee. i did not know that macau brings in six times more gambling revenue than las vegas. this is a huge, huge thing. it answers the obvious question why pacquiao is fighting there instead of the u.s., right? that's where the money is. >> yes, there is a lot of upside there. this is sort of a test run for them to be able to expand market share and break further into china because it is starting to get popular there. this is also a very smart tax move foreman any pacquiao. as you know the top tax rate in the u.s. went up to 39.6% from 35% at the beginning of this year. so he is trying to avoid taxes because he can't be taxed in the u.s. because he is not a resident and he is not a citizen here of the he will walk away with extra 2% in his pocket because of tax rate over in china is 12%. david: smart. cheryl: how important for is career for him to win this bought over in china? is it crucial for him? >> oh, it is very crucial for him because he lost his last two. the first one, a lot of people think he got robbed. the second one he got knocked out cold and was down for 20 minutes. and so, in order to really kind of reclaim his victory he has to win this fight, and he probably should win another one if he wants to position himself to fight flood may weather, who is the kings of boxing right now. that could be a 250 million-dollar pay-per-view purse if those guys fight. so everyone is kind of angling for that to happen. if pacquiao doesn't win, it won't, that's the point. there's a lot at stake not just for pacquiao but for all of boxing because boxing promoters worldwide want to see a mayweather-pacquiao bought. >> they want to see that bought. i'm down here talking to mayweather right now. he is this flamboyant guy. he is basically saying pacquiao doesn't have a chance. pacquiao is not someone who shouldn't be mentioned anymore. pacquiao is one of the greatest fighters i think he does have a good chance to win against brandon rios. this business story is really the fascinating aspect of it because this guy made $26 million in his last fight for getting knocked out. he had $8 million in endorsements. i think -- david: if i get knocked out for that much money i wouldn't mind. cheryl: lee, as we follow all the gambling stocks themselves or las vegas ands or wynn, all the revenues are coming from china. so is this fight crucial to revenues for the casinos? this will give them a boost at all? >> i think it will. it will bring people there but i think it's really a long-term play for the promoter bob arum he will only get 5 or $6 per viewer for this but there are more people. we do have sound from manny pacquiao if you want to play it. basically they're looking at a peel of 1.4 billion people. if we can get a big piece of that in the future, boxing could be huge in china. david: by the way we should get a piece of bob arum's action we showed was about 30 years ago. makes him much younger than he is. he is a great guy, don't get me wrong. he smells profit anywhere there is fighting business. one thing he is looking into is pay-per-view in china. he thinks that is new untapped, practically untapped market. he wants a piece of that action, pay-per-view in china, right? >> right. he is looking what the ufc has been able to do in the united states. he won't tell you this, but they have chipped into the market share of boxing. so what they're looking at now, guys like arum, is china and mexico. these are devout boxing fans. they don't necessarily like ufc that much especially in china. so the more that they can grow that pay-per-view potential in china the better. >> amazing, lee. lee hawkins. was great to see you again. thanks, i learn ad few things. david: one last thing to say. quickly, go ahead. >> i wanted to tell you affectionately known as the pac-man. don't worry about mispronouncing his name. he works out to shakira and michael jackson in the jim. david: his father is a politician in philippines. >> yes. he is a congressman. david: should run for offers. many more americans are buying home in these all-cash deals but is this a good or bad omen for the housing market and the economy? in a moment we'll ask steve forbes, forbes media chairman. we'll also ask him about syria. cheryl: have you ever wanted to travel around the world for a year, not because you were unemployed and you wanted somebody else to pay for it, right? now you can. chief world explorer we'll talk to one of the folks behind this job posting of a lifetime. ♪ t (announcer) at scottrade, our clients trade and invest exactly how they wan with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everi'm with scottrade. me. (announcer) scottrade. awarded five-starsrom smartmoney magazine. david: well in the housing market it appears cash has become king. according to a new report, 57% of all residential home sales were all-cash deals in the first quarter of the year. this compares, for example, to 19% all cash in 2005. what does this say about confidence in the future and speculative nature of the housing industry? with us now, steve forbes, forbes media chairman and editor-in-chief. and the man behind "forbes on fox" which we'll talk about in a moment. first of all, speculation, a lot of people, steve, are concerned this is speculative in nature. bob schiller from the case-shiller index was here earlier in the week. this is what he said about his concerns on this. >> we have a lot more potential flippers in the market. and we have various clouds on the horizon. david: all right, various clouds on the horizon. worried about more flippers in the market. are you as well? >> yes because it shows that the mortgage market truly isn't working even though it has been subsidized fairly well by the federal reserve. the rates are low but sort of reminds of you old seven yet union where the food was free but you couldn't get very much. david: that is the irony of this the all-cash deals, interest rates not at all-time low, they have come up a little bit but they are low. >> means several things. credit is not easily available. standards are raised. overreaction from the last decade. baby boomers, retirees are going into smaller places. kids are out of the house that kind of thing. foreigners see this as a haven compared to the rest of the world. you see some buying here from that. but it is not a healthy market when you have so much in cash rather than normal mix of mortgages. david: also says something about confidence in the future. when you have confidence, not only in the fact that you're going to be able to pay monthly bills on mortgage payments but also that the dollar will maintain a certain amount of value, then you go into a 30-year mortgage. but if you don't have confidence, you're paying cash, right? >> you're going to pay cash because where do you put the money these days? can't buy bonds. we know that's a dead end. stocks, they have had a big rise. so, you got to be careful there. david: so in other words people trying to get rid of cash they have, believing that eventually we'll have inflation because of all the money printing figure i buy a physical asset like a house? >> it's a hedge. it reflects as you say uncertainty, which is not good for vigorous long-term growth. like the proverbial baseball player, hitting 225, .2 a, that will not get you the to the world series. david: what does it say about the market? will it crash or is it shaky? >> market came back from a very low base. we're way off what you get in normal economy. in the normal economy you can expect one 1/2 million housing starts a year. wear and tear, increase in population, that kind of thing. we're still nowhere near that level. all the help from the government, if the government focused on letting economy heal itself we have a better housing market today. david: steve i have to ask you about syria. today we had john kerry, i thought he laid out a pretty he will kept case against syria and suggest all they do is strike it without sending boots on the ground or long-term action, couldn't assad survive something? hasn't he already bunkered down for that action? >> when you draw a red line, your folk crosses it you better be prepared. the model should be what reagan did against qaddafi in 1986. carried out the raid. we tried to get him. here we have to do what bret stevens in the "wall street journal" suggested last week, that is, take assad out. doesn't mean we boots on the ground. doesn't mean we try to rebid the nation, that kind of thing. you use gas like hitler did, like saddam did, you crossed the line. out. david: how does the market react? initially skiddish but since it is one time action not long-term commitment, like rake began did, one-time action in '86, it's a blip. david: you think he has support of the russians, has the support of the irrather thannians? >> you go after him, take him and his brother out. david: send in special forces? >> do it by the drones. president's used drones before. david: steve forbes, who by the way is going to be joined by myself on a great little show called "forbes on fox." it's on saturdays at 11:00 a.m. only 30 minutes. doesn't take much of your time. in that 30 minutes you get more information than you could by watching hundreds of hours of television, right? >> we just follow your lead, source of all wisdom. david: steve forbes, thank you. cheryl, over to you. cheryl: you can call this a dream job but you better hurry. applications are pouring in for this chief world explorer position. we'll tell you about the travel startup behind the job posting and how this company is trying to stand out from the crowd. and oh, boy, take a look at this live picture. the holiday weekend travel rush, already underway. this is the new jersey turnpike. as you can see in this live shot, time to go to the beach! watch out. we'll bring you the very latest what is happening on the nation's highways and which stocks could benefit from all these people coming. ♪ when we made our commitment to the gulf, bp had two big goals: help the gulf recover and learn from what happened so we could be a better, safer energy company. i can tell you - safety is at the heart of everything we do. we've added cutting-edge technology, like a new deepwater well cap and a state-of-the-art monitoring center, whe experts watch over all drilling activity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stronger. david: while there seems to be a new gimmick offered every day for travel sites one is raising the stakes by what they call the best job ever. cheryl: the site is accepting applications for chief world explorer. yes, exactly what it sounds like. it's a job where you get paid to travel. joining us now, tom wilson, cofounder chief communications officer. why are you offering this job and exactly what do you get to do for the year you're working for your company? >> this is really going to be an incredible job. the chief world explorer is going to travel the world for one year, visiting destinations and participating in volunteerism and activities in those desnays and creating web episodes. -- webisodes. david: we'll get back to the chief world exploredder. you guys don't ask where somebody wants to go. you ask what people want to do on the vacation. you're almost like a travel dating service. you find out what a person is like and try to match the perfect destination for them, right? >> that is absolutely right. what is very different, you don't have to know where you want to go, just what you want to do when you get there. users go on. select five icons what they want to do and set their budget. they hit update and they will get destinations that meet their criteria. they're getting a customized list of destinations that they're able to look at and learn more about. it helps them compare a vacation destination a little more apple to apple. cheryl: tom, going back to this new job, not that i'm applying but sounds -- david: i bet you are. cheryl: i think i am applying. is it helping the website? are you getting more traffic? good marketing campaign and getting you some attention but is it working as far as business gges at the site? >> absolutely. we've already seen a 250% increase in our registered users. we're already also seen about 400,000 new unique user, unique visitors to the site since we launched two weeks ago. what is really interesting about the site and where we have the applications this is a real job that people are asked just to up load a 60 second video why they are the best candidate for the position and once it is live, everyone can view the candidate submissions. you can like their videos by showing, and show your support for them. so it's a really neat and fun interactive way to look at a candidate, this is, that is a real job we're going to be filling. david: yes, it is a gimmick, but hey, it's a good gimmick and a gimmick that brings people to your website. there is nothing wrong with that, particularly since folks average, i didn't realize this, 38 different travel sites before they pick on the right one to take a destination that is amazing. there is a lot of competition out there. >> there really is. there are some websites out there but there is not, information is very fragmented. a lot of travelers are forced to go to different states. at jaunteroo that's not what they have to do. grain opportunity for people to calm and see what incandescent nations come back. we have 300 destinations. right next year we will add 150. cheryl: quick question. being a small site how do you differentiate yourself between expedia and travelocity. those are the kings of online travel. how are you different from them. >> we take a different approach. we don't focus on booking of travel but rather helping people identify where to go for vacation and really being that first place that people will go to help get ideas for their vacations. we actually have a portal, we have a port that that people book their travel through, doing that we actually make a donation to our travel with a cause initiative, and we make, one dollar donation for every booking that's made. that booking is through an expedia site but through our portal. cheryl: partners, got it. david: by the way the job is only for a year. we don't want to mislead anybody. only for a year. cheryl: oh shoot, never mind. david: you just about anywhere you want to go. great site. appreciate you coming on. tom wilson,. >> thanks for having me. cheryl: we'll, great labor day weekend rush already underway. millions of americans, taking planes, trains automobiles. in a moment we will look which companies benefit from the increase in holiday traffic this year and how investors can cash in. forget about one giant leap for mankind. a leap up to space for a teddy bear, trying to beat world record holder felix baumgartner. trying to bite the record is a skydiving teddy. ♪ david: well aaa expects the busiest labor day travel weekend in at least five years. even though gas prices are going up recently, there has been a drop in gasoline prices from last year's record high and rebound in the housing market is good as well. cheryl: robert gray joins us live from los angeles. robert? >> cheryl, david, consumers feeling lot better about the stock market at least the time they were booking these travel plans. that is what the folks at aaa tell me. the housing market making its comeback and consumers having more cash and lower interest rates from everything from credit cards to those mortgages. that is all gathered together to help boost the economy at least as far as travel goes. one in 10 americans hit road or air or seas, what not. 34 million americans, still down from 45 million we saw back in 2008, but healthiest since then and interesting enough the best travel weekend of this summer, historically, july 4th, memorial day are better. if you already booked you know air fares cost 4% more. gasoline prices down from last year's historic highs still down from last year nationally, 3.5 buck as gallon. rental cars, prices up one-third as much as they were just a year ago. hotel rates, well, take a closer look at some of this hotel rates have never been higher. that's right. they have come all the way back from the recession lows in 08-09. now at highest levels ever. the folks at l.o.g.i.c. advisors providing data for me looking at boom. occupancy rates at1.5%. we're back at cycle high. they were higher back in the day when there were fewer hotels. average daily rate, $109 for all hotels. luxury hotels, $264 a night is average. occupancy is 80%. high-end doing very well. well off the cycle lows. $201 back in 2009. the costs haven't gone up that much that is one of the reasons hotels are doing better. they are getting bid down because there is lot of concern about interest rates and energy prices. not gasoline as much. analysts are not worried as much as energy prices spiking and slowing the economy. watch the housing market. all thee are warning signs. back to you. david: 264, you couldn't get a closet in new york for 264 buck as night. that is luxury average? shows you what new york is like. cheryl: we were fascinated by those numbers, robert. live in los angeles. >> have a good weekend. >> you too. consumers are not the only folks getting hit by high prices. the tooth fairy is getting hit by inflation. we'll show you how much just one tooth will set you back next. ♪ ... ... david: time to go off the desk. the skydiving record has been beaten by a teddy bear. jumping from a weather balloon almost 128,000 feet in the air. david ackerman decided to launch him from the edge of the space and installed a computer andsx s inside the bear. cheryl: that was awesome. visa released a new study saying children are getting $3.77 per loss from the tooth fairy. the inflation of the tooth. david: the number one thing we will be watching is what happens in syria. the secondary outlining limited u.s. monetary action, says no boots on the ground but crimes against humanity cannot go unpunished. stressing any action would be limited. cheryl: that is it for us. "money" with melissa francis is next. melissa: i am melissa francis and here is what is "money" tonight. a new study sets off a firestorm of controversy. we are bringing on the professor to explain and respond. plus, it is the best day of the week, it is "franchise friday." how do you hire the right staff? franchise owners tell us how to achieve success. and who made money today. after all the money they hold in, find out who it is. even when they say it is not, it is all about money. ♪

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