expected to pass. that's a big one to keep your eyes on. that's all for now. the market right now up 114 pointings. i hope you're making money today. countdown with liz claman starts right now. liz: well, will it hold in this final hour, melissa, that's the question. breaking news, the web site known for reviewing just about everything is now under the microscope itself. the "wall street journal" reporting that yelp may be putting itself up for sale. we'll tell you what could fetch and what kind of review investors are giving to the idea. the phrase water, water, everywhere but not a drop to drink, about to be turned on its head in california. you just saw the water plant that aims to help drought problems. i'm about to fly to california tomorrow. there is, apparently, a catch with the plan. training for an iron man can be grueling and takes hours of preparation and dedication. those same principles need to be used in investing, says a wealth

manager who's completed eight iron maps and -- iron mans and swam the english channel. you won't pull any muscles to get the benefit. and tom brady tom foolery as the patriots' quarterback texted directly with the guy he entrusted to inflate and deflate his game balls. now his side is battling back using the word "sting." we'll game that out. let's start the "countdown." ♪ ♪ liz: we need to begin with breaking news. a couple of things here. crude oil is sinking 3.2, 3.4% at the moment, well below $60 a barrel, now standing at $58.87. that is the biggest drop in oil in a month. why are we telling you that? that is causing a huge rally in the transports; airlines, railroads. you name it, those names are jumping.

do you own fedex? jumping 1.5%. southwest airlines up nearly 3%, railroads doing well too. add to that a solid rally, but can it hold in this final hour? we have huge headlines that are breaking minute by minute globally. the senate just passed, i guess we would say it approved the bill to approve the nuclear deal with iran, that's happening right now. and we are two hours away from the polls closing in the u.k. we have a top reporter there, his name is christopher walken. he will be right there to give us the real scoop on the general election. there's some confusion here. jeff flock in whiting, indiana, on what's derailing oil train safety measures. robert grey in carlsbad, california, with the drastic measures the state is taking to deal with the drought, john corpina telling us what he's focused on on the floor of the new york stock exchange and so much more. the floor show, we're talking about a turn around on this thursday. despite showing jitters early in the morning, the dow is up

triple digits at the moment. we have a significant move of about 112 points, so will it hold into the close? let's get to the floor show, traders at the new york stock exchange and the nymex. i want to get to john corpina at the new york stock exchange. you looking at a couple of cross currents here, but we have the news that the senate, of course, has approved the bill to review the nuclear deal with iran. that gives a little bit of, i guess, balance to the ship, does it not? >> it does. it gives a little boost here, and it gives investors overall sentiments that, you know, that issue that we've always been focusing on and continue to focus on, there is a better direction there. i think investors are really looking at the economic data calendar we've had so far this week and clearly the unemployment number tomorrow and the nonfarm payroll. the information we got last month was somewhat scary, and i think investors are hoping, a, that there's a revision coming tomorrow and, b, that the numbers we see tomorrow totally wipe what we saw last month off the page, and we can move forward from there. that's why i think we're

starting to see this rally in the market today. we've had a lot of volatility in our markets back and forth, shows investors if you want to be long -- they don't know if they should be. investors pull away. that doesn't mean clean out your portfolio, that just means stand and watch for a little while. liz: but then you miss days like this, john. >> yeah, absolutely. and if you miss days like today, you know, you're going to be regretting it tomorrow when we get more economic data. liz: well, john just talked, alan, about wiping certain things off. the last two sessions' gains in oil as it falls today pretty precipitously. what's really at the heart of the pullback in oil? what changed between yesterday and today? >> well, a couple things. first is it was in overbought territory. we had some room to come off. another thing, too, is as we get into the driving season, they're starting to use the unleaded gas, they're starting to see what they can really get out of supplies that are being built up. they're not getting enough out. that also puts pressure on it. and then, also, we had a futures

role that's happening right now that's also putting pressure on the market. all that combined put pressure down to these levels. if we break 57.50, we see a lot lower levels. if we don't, unfortunately we're going to be heading back up to the 62, 64 level in crude oil. liz: okay, that's interesting. and then you start to see, john, the real reaction in the names like southwest airlines, united airlines, union pacific, any transport. you look at the entire list, they're looking very good right now. but what else is getting a bump from lower oil today? can you see anything? because i think last check we had about nine out of ten s&p sectors doing better. john? >> for me? sorry. yeah, no, clearly we're seeing the energy and transportation is going to benefit from this move that we've seen in oil on a more macro level. we've talked before about the basic materials sector and how investors have been waiting for this pop in the this rally to come. i don't think we need to fear too much of this small pullback, this overall momentum is going

to bring sectors with it. liz: okay. listen, it's good to see you guys. and we can't ignore the dollar, that does affect oil and brings it lower. great to see you on this thursday. folks, we got a significant rally because when you're up triple digits on the dow after some questionable days this week, this is important to your money. now, in about one hour and 56 minutes, the polls close in one of the closest elections in u.k. history. here's what's going on. if conservative british prime minister david cameron loses power and the labour party takes control, we could see more government spending, you could see a little bit of a shift when it come toss mandates. what does this really mean for one of our oldest and easily our closest allies? joining me now, christopher walker of grn live. he's our superstar correspondent here. christopher, the word "nail biter" is being used a lot in headlines about the u.k. election. give me your sense, what's the word you're using here? >> reporter: yeah. i would say that's it.

it's been a pretty dull campaign, but suddenly in the last 24 hours it's become red hot because, frankly, it couldn't be closer. the best poll we had 35-35% for each of the two big parties. but waiting in the wings for the first time probably in electoral history, stronger, littler parties. the liberals were used to their coalition at the moment with the tories, but we've got the scottish nationalists coming from nowhere. they could take 50 seats in scotland from labour. and they've thrust themselves to the fore front because those 50 scotsmen and ladies will be coming to westminster, and they will be urging scottish interests, and they want scottish independence. then we've got the green party, completely regarded as fringe loonies until now -- [laughter] with one mp only, a lady in

brighton. but now they're suddenly coming out of the woodwork or whatever sort of work they live in -- [laughter] and they're looking good. and then new, i expect you heard about it, it's gained headlines -- liz: yeah. >> united kingdom independence party. liz: right. >> known widely as the kippers. and there are, apparently, a lot of shy kippers who haven't announced their intention to the pollsters, because they're a bit ashamed. liz: right. >> it's largely seen as a racist party who wants to send anybody with a colorful face home. liz: i told my viewers that we had a reporter who would give them the lowdown, and you just did. christopher, quickly, 20 seconds, how long can this drag on if it's too close to call? >> god, days. [laughter] i really think we're all going to need an enormous holiday by, i should think, the end of next week. liz: great to see you, christopher walker.

we're going to check back in with you, i suspect, as this continuings. christopher walker's with grn live. thank you so much. we need to get to a very serious topic here, rail safety. you saw what happened with the burlington northern train yesterday. well, of course, measures to improve safety simply cannot come fast enough. an oil tanker derailed and exploded in north dakota yesterday less than a week after the government issued new regulations. the problem? these regulations have to be phased in slowly over a decade because you don't want to shock the entire industry, and they take time, right? the train that derailed yesterday, as i mentioned, was operated by burlington northern santa fe and owned by warren buffett and berkshire hathaway. i spoke to executive chairman matt rose where rose played down the explosions. >> it has what we call a thermal tear which that's where you see the flames, what i call the tv moment. liz: you know, he didn't play it

down, he just said that it's not as bad as it looks beyond the so-called tv moment. but, look, what happens if this were in a major metropolis? how safe are the outdated train cars that still need to be rolling through small towns and major cities? fox business' jeff flock joining me now from whiting, indiana, with more. jeff? >> reporter: and, liz, you are looking live at one with of these train cars, d.o.t. 111s, they will be outlawed as a result of the new regulations. but as you point out, they're going to be on the tracks for another ten years perhaps, and look how close they are to houses. just talked to that fellow way down the block there who lives i want to say it's 20 feet away from one of these rail cars that has the potential, of course, of exploding. and speaking of exploding, rail shipments on oil rail shipments in the u.s. have literally exploded on occasion, but figuratively exploded bigtime. take a look at the numbers. just five years ago it was less than 10,000 in the whole year. last year, 450,000. pretty amazing.

these new cars that we're talking about that will replace these old d.o.t. 111s will have thicker walls, they will have an outer shell, a thermal lining that will, they say, help if there's an explosion. and they'll have stronger fittings as well. but as we said, liz, this is all going to be maybe ten years in the making. makes that keystone pipeline look like a much better idea in hindsight. liz: yeah, well, you know, you've got to retrofit a lot of the older cars to make them safer. >> reporter: takes time. liz: twul. >> reporter: yeah, it's a hard one. liz: right there in indiana. the closing bell, we are 49 minutes away. cracked earth and a cracked water plan. california faces its worst drought in history because nobody did anything. and that is squeezing water and profits from tens of thousands of businesses and individuals. but at least one town did something. they found a billion dollars to invest right on the coastline for a salt-free solution. and if you're in the market for

a new california home or an iconic piece of movie history, this nearly 10,000-square-foot mansion is almost half off its original price. where is that? 50% off? such a deal, when we return. ♪ ♪

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i feel like i've been here before. switch now and get the fastest wifi everywhere. comcast business. built for business. liz: 44 minutes before the closing bell rings. do you want to live like al pacino when he was a cuban drug kingpin? now you can. the house where "scarface" was shot is not only on the market, minus the bullet holes from this scene, but the price has been chopped in half. pacino played tony montana, a powerful gangster in miami. the l.a. house featured in the film -- it's been on the market for the past year, but now the price has been cut by nearly 50% to a mere $18 million. but there is a little bit of a wrinkle here. watering the 10-acre property in montecito, california, probably illegal under the state's new water restrictions due to the drought. palm trees don't really need a lot of water.

well, everybody does in california because the california drought is now the worst in state history. however, santa fe, new mexico, actually has the highest average monthly water bill. although, you know, in southern california i know people are paying thousands. some residents in california are backing a $1 billion projecting that will turn ocean water into drinking water. but will it be enough to solve the water shortage, and what will it ultimately cost customers? robert gray in carlsbad, california, with the water plant is under construction, but there's a catch. robert? >> reporter: yeah, that's right, liz. well, you know, it's not going to be ready tomorrow. plant officials tell me today they're still on track to open in november. now, the builds will be going -- bills will be going higher, averaging $5-$7 a month for residents here. they're making a long-term bet, though, san diego county has agreed for 30 years to buy this water from the desalination plant, and they've got a fixed

cost basically over the next 30 years. they're making a bet that the other imported water, san diego county imports 90% of its water, they're expecting those water prices are going to rise higher. so expected in the next ten years you're looking at about break even where the lines cross and then, of course, expecting the imported water to remain higher. they are taking action. this will provide anywhere from 7-10% of the average drinking water here, it's about 50 million gallons a day. so you think about that, this' like 50 100 or a basically football-sized swimming pools filled up with water, liz, and you can look and see, basically, the filters here, part of the system here, basically, the water comes into a channel, it's brought into the plant from a lagoon nearby which is, basically, accessed right off of the ocean. it's filtered twice, then they remove the sand from the water, and then 50 million gallons go through a 10-mile pipe

underground to the aqueduct where it's blended with the other imported water and shipped out to everyone here in the county. so basically you're seeing you've got, basically, 2,000 of these guys here, and they are able to actually recapture part of the energy, about half of the energy used at the plant is, basically, recaptured and able to use it again, helping them to have what they are saying is the first infrastructure plant that will have a zero carbon footprint. so they're definitely going all out. this is california, as you know, liz, and they're trying to be as environmentally sound as they can. there have been some skeptics talking about how expensive it is but, again, it's a long-term bet, and a lot of folks are watching this plant. poe sigh done water are one permit away from building one in the o.c., huntington beach, so a lot of folks watching to see if this one works. keep in mind, it was built with private money, so about $800 million worth of bonds were sold, $200 million of private investors came in. ing all told, a billion dollars at stake here to see if they can

provide some of their own water. liz: robert, let me just ask you one question. i'm going to california tomorrow, what's the first thing i will notice there that relates to the drought? >> reporter: it's hard to see any changes just yet, liz. liz: brown lawns? i bet everybody -- >> reporter: beverly hills still watering their lawns, you're not seeing it yet as you drive up and down the coast. still looks dry, if you go across river beds, you'll notice they're drier, but so far not a lot that the eye can see. liz: the l.a. river is basically a concrete thing. yeah, don't go look at the l.a. river. robert gray in california, thank you very much. rubbing elbows with real money, that's exactly what's happening at the salt conference in las vegas, and fox business is right there catching all the heat and the action. listen to what the real movers and shakers are saying only to fbn. >> let the politics settle. i don't think there's anything to fear from a miliband

government for business. >> the rest of the world is getting older, populations are shrinking, china's work force is declining by four or five million a year, japan is losing population. >> i think we will have real challenges in the united states and in the industrialized world until and unless we can generate a meaningful increment to demand that isn't coming from liquidity. liz: and while all that was happening with maria bartiromo on "opening bell" in the morning, right now our very own charlie gasparino getting the exclusive chatter from behind the scenes live from the bellagio. hi, charlie. >> right. and in the steam room too. you've heard about that, i'm sure. liz: really? >> we'll get into that later. liz: wow. [laughter] >> just a couple of interesting things -- we'll get into that later. a couple 06 interesting news things that occurred yesterday and today. former greek prime minister george pan dray owe, he's here,

i was at a private dipper with him last night -- dinner last night, but he's very on optimisc about a compromise on the greek bailout. he thinks it's going to happen based on his knowledge of the political players. the greeks will give up some stuff to appease germans, germany's going to give them something. he thinks it's going to happen. here's the rub, let's just say it doesn't -- remember lehman not getting bailed out at the last minute? he says there's no contingency plan. is greece some sort of triggering effect? that's one thing. yesterday dan loeb really took a shot at your buddy, warren buffett, essentially calling him a hypocrite on taxes, activist investing. warren likes to talk about higher tax, but evades them because he pays most of his taxes in capital gains and that he is an activist investor. that was a lot of buzz. and here's the interesting thing, i was at a private dinner last night. 29 thought leaders, ben bernanke was there. it was essentially off the

record as to who said what, but i'm going to give you insight, general petraeus was there as well. 29 of them, the general con ken us was hillary clinton -- consensus was hillary clinton will be our next president despite all the stuff involving the clinton foundation and e-mails. they really believe that she will be the next president. it may be close, it's between -- on the republican side a lot of people are saying it's between jeb and scott walker, jeb bush and scott walker on the republican side, that was the general consensus. but, you know, it was pretty clear that most people believe hillary clinton will weather the storm and win in 2016. and, by the way, james carville is in great shape for an older guy. back to you, liz. liz: is that the steam room nod that you just mentioned? >> he and i, listen, it's not quite a bucket list item -- [laughter] but he and i were naked together in the steam room. [laughter] alone. liz: charlie, i know you have a bunch of other people that are hanging out there. p come back in a few minutes. go back and grab somebody --

>> we have the former giant, great guy. he has a securities firm that deals mainly with vets. we're going to talk to him and ask him about brady and de-flategate. liz: we're staying for that. charlie gasparino live in las vegas. closing bell, we're now 37 minutes away. after sinking some 20% over the last six months, alibaba's stock -- which had such a hot ipo -- now reversing course and soaring right now after announcing a new ceo. jo ling kent speaking with daniel xiang, the new guy, about how he plans to bring magic back to alibaba. and it's been called the netflix of blow drying. if you're a woman or you've got a wife or girlfriend or a mom and you want to find out about this unique start-up, we've got the ceo. and right now showing us how it works live in our green room about disrupting the blow dry bar industry which is a pretty young industry anyway. stay tuned. ♪

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liz: lose the laminates, lumber liquidators throwing in the towel, at least for now, in its controversial laminate flooring. the hardwood retailer says it'll suspend all sales from china pending a review of the company's sourcing program. that follows allegations first made in a "60 minutes" report that the flooring contained excessive levels of cancer-causing formaldehyde. the stock is up about a quarter of a percent but still half of where it was before the report. terrible chart. leave it to a smart entrepreneur to figure out how to insure you never have a bad hair day again. the blowdry bar business is not only a craze, but it's visually

and usually $35 a pop. viv is a brand new blow-drying subscription company that launched in new york city, it's offering customers a netflix-like experience. just how do they do that? let's find out from the founder and ceo. you're a former wall street gal, right? >> i am, indeed. liz: why'd you switch? >> i was experiencing this problem myself. so i was working on wall street. as you know, you work long hours. i was constantly booking last minute prime appointment, and se was no system i found at least that combined location, price, time and quality into one seamless experience. liz: okay, alannah, here's what i want to ask you. $99 a month, correct? >> that's correct. liz: unlimited blow dries as ity? >> yes, that's true. liz: the regular fee, blowdry bar which is very famous now is

$35-$45 a pop. so how are you doing this, and how are you getting other salons involved? >> sure, it's a great question. so we actually vet every single salon and make sure that they meet our quality standards. we also pay each salon per blow dry, so we are working out deals that are mutually beneficial to a salon and also to viv, and so we pay per blowout. liz: $9 9, tell me what the response has been. >> the weightless model helps us balance out supply and demand and also to understand where to sell into new cities or territories. and so that's really been helpful for us. liz: that's caitlin, one of our fox business superstar employees there. she works on varney. we had to pull people from varney because my team is too busy putting on the show. you've worked with some pretty famous names, great salons, john garrison, we can roll the list here, but how do you convince a salon to take this on? >> for them, it's a no-brainer.

we're bringing new clients into a chair and giving them revenue where there was no revenue before. so it's, essentially, busing in seats and giving them the opportunity to upsell and sell additional services and also product. liz: yeah. mark garrison, julian farrell, charlie and pri beck ca -- tribeca, but you only have 66 -- >> now we're actually up to 75. our sales team's doing great. liz: okay. you going to expand beyond new york city? >> of course we have ambitions to expand, and as i mentioned, we use our weightless model, so our beauty enthusiasts tell us where to go next. liz: well, you have great hair. >> thank you. liz: i would use the thing every single day, if i could. are you worried people will do that and then you're kind of breaking the back of your system, don't you? >> i mean, yes, but frankly, it's not very good for your hair to do that. [laughter] i think too much of a good thing, right? liz: well, alannah gregory, another entrepreneur. viv is the company. thank you so much. >> thank you. liz: closing bell, we're now 27

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liz: time for our countdown news fla. a blow to the national security agency's controversial phone data collection plan. a federal appeals court has ruled the nsa's collection of millions of americans' phone records is illegal and actually not authorized by the patriot act as the bush and obama administrations have long maintained.

the court ruling comes as lawmakers debate whether to renew the program which is due to expire next month. an international incident on the high seas appears to be over. iran has released the western commercial cargo ship that it seized last month. the tigris and his 24-member crew are in good condition according to the shipping company. iran says it detained the ship because of a long-running legal dispute which has apparently now been resolved. and maybe he can steal back some of the customers mcdonald's has been losing 6789 after 15 years on hiatus, mcdonald's is bringing back the hamburglar, but gone is the masked character. now he is slimmer and sports a scruffy beard and black fedora. the question causing a freakout on social media, is he a hot new character meant to appeal to young moms or just creepy? hey, we report, you decide. that's all i'm saying.

can a new ceo bring back some magic to alibaba's stock? the chinese internet marketplace giant reported earnings this morning and kind of surprised everybody by announcing a new ceo. joining me now, jo ling kent, who got him. got the man in charge. >> yes, liz. this is a generational change, so it comes straight from the top as jonathan lu who was just in place for two years. in his letter today, jack ma everyone emphasized he was happy with the current work, but he also said he's putting daniel zhang in charge for younger executives born in the 1970s and later. and that generation is, of course, using mobile devices more than anything else. alibaba did super well in this category, mobile made up 51% of all transactions on alibaba e-commerce platforms. revenue also beat the street, it was up 45% year-over-year. but much of alibaba's success, of course, depends on the health of the chinese economy.

i asked the incoming ceo, daniel zhang, how the economy is doing from their standpoint. >> today china's economy experiencing a transformation from a investment-oriented economy to a consumption-driven economy. and from our platform we can observe very strong demand from consumers. and to date the chinese consumer not only likes the high quality products, domestically produced, but also like high quality products all over the world. so that's why we start our cross-border initiatives. we are trying to help the overseas supplier to fill our platform to chinese consumers. >> he also said they're planning to enter the u.s. market using the small business route of this plan, and they also are looking closely at the stock. check out the huge rally today, liz. we saw an 8% rally, 7.65 right now.

volume very heavy, nearly 60 million shares -- 63 million shares are in play. this is the sixth heaviest day ever not counting ipo day. and, of course, this is a big reversal from the last several months. stock hit an all-time low just on tuesday. now they're hitting a three month high today. liz? liz: it's been a wild ride, no doubt, but it's a huge company that's only growing. jo, thank you very much. jo ling kent. liz: tom brady's agent is battling back, reacting to the report that said the new england quarterback was aware of the deflated footballs that gave him an advantage during the afc championship game. now n a statement brady's agent said the report is a significant and terrible disappointment. its omission of key facts and lines of inquiry suggests the investigators reached a conclusion first and then determined so-called facts later. the report contains significant and tragic flaws. charlie gasparino back now live, joining us exclusively with an

interview former star new york giants' wide receiver phil mccon key, president of academy securities. charlie? >> i want to start, phil -- thanks if or coming here. >> my pleasure. >> i'm going to ask you about this, then i want to get into your firm which i think is doing god's work in a lot of ways. but just react to that. i kind of think this de-flategate is bs. >> to me, it's much ado about nothing. some quarterbacks like their balls overinflated -- >> that could be taken as a double enstand rah. >> it could be, and as it came out, i got it. [laughter] i'm a little slow. i think it's a performance, and guys are looking for psychological advantages. if it was so much of a physical advantage, the league wouldn't allow part-timers handling these balls before a game. >> right. it's nonsense. by the way, the report, we should point out, was pretty inconclusive. it talked about preponderance of evidence. and full disclosure, you know, new yorkers love you because you were a giant, you wop that super

bowl for us -- you won that super bowl for us. but i do like brady. now i want to get to academy securities. what i found fascinating, i met you a couple of months ago, you guys are essentially a firm that goes out and hires vets, particularly disabled vets to work as traders and brokers. explain that. >> so academy securities started off with a simple mission. we wanted to bring together wall street veterans alongside military veterans to create a first class financial services firm. we believe that bringing the best of the military culture with these transitioning veterans, with their character and their qualities and their honesty and integrity and loyalty and teamwork and service, the financial services would best serve our customers. and that has resonated over the last few years when we're able to go out and get a young man or a woman who just served in harm's way and transition and help them get a leg up in the football services industry -- financial services industry. >> i know a little about the because i've done some work in this area with, you know, interviewing people like former -- people at the state

d., in the navy -- state department, in the navy about what they are doing to prepare these vets for coming out and pitching themselves. when you go for a job, you actually pitch yourself, right? do these kids know that they really do have skills? yes, they've been in battle, but they do have technological skills. >> absolutely. it's getting the veteran to understand those skills that they have and experiences, how that translates to the private sector. >> right. >> was this is not my navy or military anymore, my father's or grandfather's, this is a high-tech military, and everything these kids do has technology around it. so now you try to get the private sector to understand how this need they have -- >> liz wants to ask a question, but i want to ask you one more. share the story you shared with me ant the kid that, basically, is disabled and paralyzed from the waist down. >> we just hired staff sergeant andy robinson. south jersey kid, wife, family. he's in iraq in his humvee, gets blown up by a seven-stack ied, and that's a lot of firepower.

couple of his teammates die, he's paralyzed from the chest down. he wants to move to sand yea duo for better weather, a better life, wants to get into the financial services industry. it's interesting, he hadn't taken any exams yet, and he starts to ask me over the phone about selling and what's the hardest part about selling, and i thought for a second, i thought, well, making cold calls. he said to me, well, when you're making these cold calls, is anybody shooting at you? >> that's why these are great kids. >> he's got the ceo of walmart and hewlett-packard calling him back to engage us. >> liz, you've got a question for us? or for phil? liz: first of all, i want to say thanks to phil because i work building mortgage-free homes for the most wounded survivors, and i think what you're doing is amazing, thank you. i did just want to get your thoughts on the texts released in the nfl commission report. i know you don't think it's that big a deal, but if you're on the other team and you see that the equipment guy, for example, we

can put up one of the texts of this jim mcnally who was saying i'm just teasing with you, i won't go to espn yet, meaning i won't tell the media what i'm doing at tom brady's request which might not have really been fair. you don't look at that and say it's a little bit of cheating on behalf of tom brady and team patriots? >> first of all, liz, thank you for all you do for our military veterans. liz: oh, my pleasure. >> and, you know, again, i didn't read the entire wells report. i've been here with charlie at salt for the last couple days listening to some of the greatest money managers in the world. but i think i would like to see the entire context of those texts and those e-mails. liz: sure. >> and, again, if you look at the game against baltimore where all of this came to light, one of the players came to the sidelines and said, well, the ball seems underinflated, and they checked the balls at halftime. and then after halftime they did the regulation and filled the balls up to where they were supposed to be as far as pounds per square inch. brady was on fire in the second

half. >> yeah, i know. of. liz: true. >> i don't think he missed a pass. listen, if he was cheating, he should be punished. simple as that. liz: okay. >> liz, i would just say this and i think phil would concur, mr. wells and the nfl should spend more time with wounded vets, getting them integrated into society than whether some footballs were deflated. do what phil's doing. liz: you can do both your job and that, as phil has proven. charlie, thank you. >> prioritize. [laughter] liz: phil, good luck to you. >> thank you so much. liz: it's great to see you. charlie, don't get into trouble in the steam room, please. closing bell, 13 minutes away. one money manager says getting your investment into top shape is a lot like training for the ironman or a triathlon. he gives you tips on how to invest like a real ironman. ♪ ♪

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ly liz this is interesting, breakig news, fitbit is just filing for an ipo. wearable tech company that makes wireless activity devices much like nike's fuel band. fitbit is filing for an ipo. what do triathletes and -- triathlons and investing have in common? a lot more than you think. i've done my part when it comes to biking and swimming and running, yeah, that's the new york city triathlon. one investor has swum across the english channel and competes in ironmans and triathlons of all

kinds in his spare time. he is here to say the training principles he uses for that pay dividends for his financial clients. he's jordan waxman. great to see you. >> nice to see you. liz: what do you mean? you have got to train the same way? >> triathletes, you found this out, you've dope the new york triathlon accept times, i heard, they get cooked in the first part of the race. they get overenergetic. you can't win the race in the first hour. in an ironman, it's a very long -- it's a whole day catered, buffet training day, so 10-16 hours. liz: and you've got to make a list, right? >> even elite athletes who have trained and participated in dozens of races always make lists. i've participated in countless races, and i still make lists. liz: what should be on an investor's list? >> well, first of all, the list in our business is the investment policy statement

which is all the guidelines for not only the investment portfolio, but tax planning, estate planning, philanthropy. liz: sure. >> all of the aspects of our clients' lives. our clients are substantial investors with complex lives, and so that is the blueprint. much as you wouldn't start a business without a business plan, we have an investment policy statement for all of our clients, we give them quarterly estimates of their income and their capital gains. i mean, all of these things form the checklist. liz: and the sublist is what they should be investing in right now. what are you telling your clients to do with their money at this moment? >> again, our clients are already wealthy when they come to us, so preserving the wealth and growing it at an acceptable rate after tax and after inflation is always the goal. so having substantial cash flow is tougher to obtain in a market where interest rates are very low, so we're looking at alternative ways to produce cash flow from alternative investments; that is, private equity investments that have

substantial coupons. 8-10% coupons plus warrants on the upside, that's a good way to augment cash flow in a low interest rate -- liz: and you like health care, consumer staples. >> they're oversold in this sort of trading range in the market, and in a slow growth, low interest rate environment they perform very well. liz: i can't believe you swam the english channel solo. you're crazy. >> at age 50 last august, i finished the triple crown, and i think i've hung up my speedo. [laughter] liz: it's great to have you. we're going to put all of your very valuable tips up on facebook.com/lizclaman. we have thousands of people liking our facebook page right now, so we'd love for you all to join. facebook.com/lizclaman. great ideas from jordan, buffett, everybody. you'll be in great company. great to see you. >> good luck in the triathlon. liz: thank you. not for a few months, please. closing bell, five minutes away. there's just one hour left until

the polls close in the u.k. before the day began, the race was neck and neck. we'll bring you the latest. and the company that turned kim kardashian into a viral video game hauling in millions has teamed up with yet another celeb. we'll ask the ceo of glue mobile about the latest celebrity video game and what it means to the company's bottom line. got a rally on our hands, stay tuned. ♪ ♪ if you can't put a feeling into words, why try? at 62,000 brush movements per minute, philips sonicare leaves your mouth with a level of clean like you've never felt before, giving you healthier gums in just two weeks.

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liz: most of the rally, david, has held for you to come back. david: thank you, very much. no thanks to shake shack. shake shack is losing big time. we'll go right to nicole petallides to find out what. what is going on there? >> dave, liz, this is not own any particular news. this stock since 3:15 p.m. has been dropping. it is now down 12% here, shake shack. it dropped 1/2 dollars in the last -- $3.05, story to watch on double the volume. liz: this is weird. i'm checking headlines as you

speak. there is still nothing on shake shack. i walked around, asked the traders. talk to the guys. can't find it yet. [closing bell ringing] liz: if you find something interrupt us to let us know. as bells ring on wall street. overall a very solid day. off the highs of the session. i think that the high of the day for the dow jones industrials was up 132. we caught quite a bit of it. nasdaq is looking up pretty solid here, up 25 points, half a%. russell matching that, up half a percent. david: by the way this is the biggest shake shack selloff in history. it is down 12%, going down even further. as soon as we figure out what is going on there.ath&