night capital was down significantly. we will have that stock that never came back. >> it was down today. better than 70%. [talking over each other] dave: we have one of the top analysts coming up with the market in general. the bells are ringing on wall street. the end of the week ended is a positive way to end the week. the dow is down triple digits. it is very close. 99.97 right now. let's hope it settles into the triple digit range. all the other stock indices looking healthy too. the weakest of all four is the russell 2,000 small and caps. [talking over each other] >> we have the perspective on today's market and the best way to position yourself for next week. don't just let your money go on

vacation. dave: someone who is helping drive innovation in the health-care sector. there are areas that are doing great. spectacular you would say. how all this that actually change the medical care that you get. liz: despite ending the day in the green when you stretch it out to the we call three indices posted a weekly loss. the dow and the s&p snapping a six week winning streak. the longest in 19 months. utilities and industrial for the biggest laggers. gold and silver the big winners for the precious metal this week. gold soaring to a four month hire. most of that yesterday. $35 in gains for gold closing the week up 3.3%. silver jumping more than 9% so great day for the metal and manufacturing orders for long-lasting order called durable-goods posted the strongest gain of the year and july jumping 4.2%. that is the headline number. much of the rise was in demand

led by auto and airplanes. great to see manufacturing coming back. dave: we have triple digit gains. larry is in the pits of the cme to help us along and figure out what will happen next week. and a managing director at night capital. larry. let's start with you. not a bad day to hit the week. is a surprise or not? >> a little bit. we saw the s&p get below 1400 and a lot of traders thought maybe that was the turnaround but they recovered fairly quickly around lunchtime. pretty close to the highs in the s&p. four points off of the high so traders were surprised but willing to buy the market and we see the rally. liz: we season gyrating with gold. first was up and then down and then looks like it is ending up barely. what happens next week? a lot of people go on vacation

this week leading up to labor day. >> we saw fairly slow volume. a couple down days this week might pick up a little bit. the buying was very light. we will see a lot of that next week but it will be telling regardless of the value and what the dow does next week it continues higher. a lot of people will come back into the market and come back on alongside. >> you folks are not going on vacation this week. the federal reserve board will be in jackson hole and we also have the republican convention taking place in florida and a lot of questions about what the fed is going to do. like a not the notion is out there that if there is a fed move, significant fed move to print more money is in a bid to get president obama reelected. we talked to richard fisher from the dallas fed about that. is there any substance to that

charge? if so, might it affect the fed's actions in september? >> i don't think it will affect the fed's actions. by and large a unique situation with qe 1 and qe 2 and operations twist having done largely what the fed was expecting. not entirely but largely what the fed was expecting. any notion of further quantitative easing would be predicated upon that historical precedent. so that is the action on the fed's part viewed as an aide to president obama but i don't think that is commonly shared on the street. >> nothing to be done about that but if you talk to anybody whether it is richard fisher who is a frequent guest on this show or any other people involved in the fed they say they are non-partisan. they are looking at the fed

mandate. we can only believe with the same or be totally cynical. do you feel -- >> totally cynical? i don't know. liz: we think the world is going to end but we're pretty much optimistic. would you say people should remain in equities? >> the trend is your friend. with an election cycle we are in the midst of and getting deeper into as the days go by this is a net positive for equities. if you couple that with the inflationary impact on price discovery which is provided by quantitative easing or easy money coupled with a very concerted and coordinated global effort by central banks to do the same thing globally various a rise in the price of equity as a result of all three of those could together quite positively. there are still risks on the rise in. e.u. is a huge risk. our domestic economy is not all

roses. we have very elevated levels of unemployment. gdp between 1% and 1.7%. there's not a lot here that gives equity market in and of itself room to be very positive. dave: yesterday, from enterprise housing practically giddy about the new home sales and a turnaround from his perspective in the housing market. do you share his enthusiasm on housing? >> he is an iconic figure and need to be paid an awful lot of attention to and i have data that would support the notion that housing has bottomed and maybe -- at least in the northeast -- we are at very depressed levels not only in terms of pricing but in terms of over hang. have we seen the worst? we have. have we seen a turnaround? very likely. there's a tremendous move to the upside with weak consumer

confidence and elevated unemployment and serious issues about the health and resilience of this economic rebound. an awful lot of head wind. in spite of the fact that it is probably right. liz: you watch the flows in and out. where was the activity today? >> it was in the s&p on the upside. no question. the last three four weeks, we see the markets finished higher and a strong bid into the close. you will see the same thing by today. dave: i would be remiss if i didn't ask about night capital. it still hasn't recovered from the huge drop in stock value a couple weeks ago. >> i can't really talk about tonight capital as a security. we basically regained all of our market share. we are number one in every major our equity -- in the united

states. dave: our hearts go out to you and we wish you the best. thank you for coming on. we will see you in a couple minutes. dave: s&p futures are closing. liz: we will go back to larry. dave: eli lilly's new alzheimer's drug failing a key test so why is the stock floury today? we will begin to the data and tell you why. liz: tropical storm isaac gaining strength. that is why we are taking you to florida to show you the impact it could have on your money. dave: a decision in the battle between avalanche samsung but not in the u.s.. what decisioion we are talking about again? you got to hang on for the details. the details could cost or make you money comi up next. [ male announcer ] let's level the playing field.

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liz: the s and p regained the 1422 level for the first time since april. 13 stocks in the isn't he hit 52 week highs today alone. dave: lauren simonetti has more from the stock exchange.

>> 13 hit 52 week highs and five hit all-time highs. one of them is amazon.com and sherwin-williams and housing related stocks. particularly on the new home sales report coming in quicker than expected. some wine or beer this friday as well as what some pharmaceutical hitting their best level ever. >> companies are doing well depending on what they're doing. liz: good to see you. isn't the futures are just about to close. dave: back to larry levin in chicago. >> we have a couple minutes left before the s&p will finish. one thing i watch for is good economic data. good economic data isn't going to take q e 3 off the table or

sell-off the markets. dave: a new alzheimer's drug missing key goals in the latest study. liz: the stock still rose today. if you look deeper you will see promising results. adam shapiro has the details. >> one of those cases where test results didn't work out the way you want to. they failed to end offering optimism. you can see from the board that he lied lily was trading up for about the day. this is what the ceo had to say. the drugs that did not meet primary end points but encouraged by the data that appeared to show a slowing of cognitive decline. for the first time there is a drug which in the study shows patients with mild forms of alzheimer's are slowing of the cognitive decline. not a cure. doesn't stop it and this was

positive data with people with a mild form of it. people with alzheimer's today, $6.7 million in a few years, and eleven million with alzheimer's by 2015. those are things driving all this. [talking over each other] liz: looking to diversify? are you nervous about one thing? brand new funds investing in things like fine art and fancy cars? we are showing it to you coming up. dave: tropical storm isaac heading to the u.s. threatening next week's republican national convention. will it veer far enough to the west to stay away? if that happens what happens to new orleans? more to come on that coming straight up. so... [ gasps ]

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dave: it is the end of a month. here is a scoreboard. and 5 stories in one minute. first of general electric unveiling the first locomotive. the evolution series will reduce emissions by 70% and operational costs by $1.5 billion.

and resulting in a partial ban. and striking down the warning label for tobacco products. and the hunger games movie taught last week and dvd sales despite viewing only two days. lion's gate entertainment getting more money sold four million dvds and the u.s. anti-dumping agency stripping when armstrong of seven tour de france titles banning him for life after he chose to conclude an investigation into his alleged use of substances. they caught me. it is a close race. we will see. [talking over each other] liz: i am here and working and

kind of not. the fbi reporting $6 billion in art fraud, would an investment the sound investment? dave: and next shot -- exchange of funds. and the liquid rarity exchange joins us. this is a fascinating idea to kind of securitized these art forms in the form of stocks. picking is a tough thing to do. as koren buffet. it takes years, how on earth do you price something like one oriental rug or painting? >> thanks for having me. and a new asset class.

i will give an explanation into how we started. hands it is unpredictable that people don't know where to put their money at the moment. so many stories in the news of people spending exorbitant prices on items like classic cars. and sports memorabilia. seems every day someone comes out of the woodwork with the highest price in history. what does it take to invest in this sort of thing. there is a close, can't even afford to buy my own -- this is outside my price range and a luxury we can't afford. that was pablo picasso.

it can be priced very high, ridiculously high. liz: i assume you s. capital leaders will you will buy gemstone for rare art or fine art, it may appreciate and that is -- when you look at art you can look at donald sultan or nancy grace and say they are up there but how much more valuable would they become? there are a lot of forgeries. we saw the scandal about jackson pollock, how will it work so you can in sure how to back it up? of good quality. >> all the items would be authenticated and the insured. i have to be clear we are not an investment company. we leave that up to the investment bank. that is there a core competency. just as it is the core competency of experts, rarities', tangible items of

high value with high appreciation or chance of appreciation so we have rarity experts on one side and financial world on the other side. they don't want to do each other's jobs that they have a lifetime of experience in finding these items and making those decisions for the investor and that is what we're bringing it to. to the average investor who can afford to pay -- dish out money and doesn't have guidance and expertise. dave: i don't want to get stuck on this point but i want to jump off on what ms. was saying was who holds the rest? you have to have legal obligations. who hold the risk if and there have been examples of some of this turns out not to be genuine? the issuer or the stockholder? >> we are talking about items that are familiar to people. there is going to be a long history of these items of ownership and it is not like we are buying some car off the street from somebody.

these will be items that have been honed -- owned by people for many decades, many pages. there is that. we want to put these to a fund that will be in short and there will be management system that will track them and keep them safe. liz: from your side there is something that tracks the art world. the art index. we want to let our viewers know it outperformed the s&p last year. was up 10%. i did a little digging and saw the chinese art component of this was up 20%. this was out performing, the chinese art world is going nuts because the chinese millionaires and billionaires got this as well so there's an opportunity possibly. >> there's a number of private art funds around world in existence. we want to do it publicly but in a private art fund there have been double digit returns in some cases. dave: always a pleasure to see opening a brand new market.

thank you for bringing it. best of luck to you. >> exciting to me and the political field is the same way. liz: we are watching tropical storm isaac bearing down now on haiti and the caribbean. we are live in florida where it could hit land next week. dave: the delegates will be there. silicon valley may be known for breakthroughs in technology and social media but we have somebody who hopes it will be known for changing the health care business. forget what they're doing in washington. the real key to change and innovation may be in silicon valley. that is where it is happening. he will tell us what he thinks about this and let us find out from you what you think about what is going on. is there hope for the health-care industry to turn a corner? to make money? chime in facebook.com/"after the bell" and let us know what you think.

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david: the city of tampa, florida, is preparing for the possible arrival of storm isaac as it gets ready to host the republican national convention on monday. liz: where, when is it going to hit? fox news's rick leventhal in tampa, florida, where pending storm looking where it could land, rick? >> liz and david, the officials in tampa and rnc say the safety and security of 50,000 people headed here for the convention starting monday are the top priority. so everyone keeping a very close eye on those radar and tracking maps which suggest that isaac will steer slightly west, or to the left of florida's gulf coast. sparing tampa the worst-case scenario. the city hasn't had a direct hit from a hurricane since 1946. even tropical force winds could cause problems and major headaches here with flooding and bridge

closures. so some residents started preparing and stocking up on recommended 72 hours much supply including food and water. even as workers continue to prep the "tampa bay times" forum where with the convention will take place, one of the big concerns that many of the 3500 police and sheriff's deputies assigned to rnc security are from other parts of the stay and up to half might have to stay home dealing with storm related issues. if that happens florida governor rick scott says they're prepared. >> issue we talked about yesterday, was security whether we have a full contingent around the state and working the rnc event and we do have a full contingent. we do have the national guard backup so if we need anything. >> you know, even if isaac stays in the gulf, we could still get 40 mile-an-hour plus winds which the skyway bridge behind me could close alongwith three spans. not because they're concerned about that they're

not structurally sound but vehicles on the bridges. they're at or near sea level and people would not be able to get around. that is not something the rnc wants to see happen. david: everyone going down there for new york, sure is no exception, everybody is buying heavy rain gear. businesses selling that are doing pretty well as a result of all this. rick, stay dry, my friend. thank you. >> thank you. liz: thanks, rick. some farmers, they're hoping that tropical storm isaac could come how manage to get up to the midwest to bring some relief to the worst drought in decades. david: but our next guest is not so sure. weather bell analytics chief meteorologist joe bastard by is with us to buck this. to talk about. this could be what they're looking for? >> this is very, very long shot. no, i would say no, i'm sure it will not get back there. as a matter of fact, we believe this track will have to be shifted a bit further

east and we think there will be initial landfall between key largo, and key west. david: famous movie, key largo, with humphrey bogart. >> folks in south florida, the florida keys, all the way to miami have got to understand that once this storm gets away from cuba it will west flowed. one of the things --. david: you say explode. what are you talking about? >> i --. david: category 2, 3. >> this could go from minimal hurricane to category 3 in period of 24 hours. rapid development feedback syndrome. like a skater may have her arms, way, way out, as soon as she pulls them in she accelerates. the same thing happens with a hurricane. there is tremendous amount of energy, what i've been telling my clients. this is how we see typhoons develop. there are two or three centers develop around a common center. what happened this afternoon the center consolidated. you see the storm better

organized. it missed a good part of hispaniola. with will get into began town mow. david: guantanamo on the eastern edge of cuba. >> if goes over florida straits, these are speed bumps. if the went up the island of cue bab that would be a different story. could be category 2, 3 hurricane by sunday if it is in florida straits. liz: move it forward. we see hurricanes rain makers well up the seaboard or deep into the midwest. >> this will to hit around new orleans or biloxi which would be a disaster, okay? no, if this storm takes a path for biloxi or new orleans, the further west path, this is going to be a category, 3, 4, perhaps 5 hurricane, something before the season, put this forecast out in march. told the clients back in may, weather bell, the closer you get into the united states this year the more the pattern is loaded for development.

notice how joyce died in the atlantic. this would not develop until it got further west. saw debby develop near the coast. barrel developed near the coast. within 200 miles the atmosphere is loaded for development. as it coming to the coast the atmosphere is primed for development. >> i hate to use the k word, could this turn into a katrina? >> i don't believe we have a katrina scenario. as a matter of fact the interesting thing about this, katrina, i tell people this all the time, katrina wasn't even the worst case. in 1947 there was a major hurricane hit west palm beach, category 5. came off, hit new orleans as 1 or 2. came in from the east-southeast. that would be the worst case. if this storm came up and hit new orleans north of the mouth of mississippi, entire surge came back into pontchartrain. that would be the worst case. that is very, very unlikely. what is more than likely if this gets into the florida straits on sunday, what is going on here? how come it is exploding so

quickly. the 35 hurricane, we don't know anything about this but i will educate you about this we had a hurricane in 1935 tropical storm. 36 hours later the pressure was 265. labor day hurricane in the florida keys, the worst hurricane ever to hit the united states, remember how quick andrew developed as coming toward florida. these storms, what happens is once they start to gather their energy, they feedback into frictional effects and natural effects of nature hone them in and they stop. that can happen. david: analogy of a skater or skier with arms out as opposed to pulling is good analogy. before. >> before we go, pattern 1950s. happened before. hurricanes on coastline. drought and heat. something up next five to 10 years. its all cyclical. liz: joe knows it all with weather bell the chief meteorologist. david: good to see you. forget, d.c. the answer to improving the health care sector may actually be much further west out in silicon valley.

we have details coming next. liz: plus an aspiring actor accused of trying to extort millions of dollars from some of the business's biggest names, both hollywood and big business. we'll get reaction from producer and mandalay entertainment ceo, peter gruber.

>> i'm adam shapiro with your fox business brief. wall street rounded out in a sea of green. even with today's gains the blue-chips are still down for the week ending six weeks of gains. several private equity firms reportedly have their eye on cytec industries coating rest since business. they could get $1.2 billion for the unit. potential suitors could be apollo and blackstone. annual study for u.s. mobile neck worth work. verizon was said to have the

best network in five of the six reasons which measures issues like dropped call rates and connection errors. verizon's hoping its network will allow it to maintain premium pricing. that's the latest from the fox business, giving you the power to prosper.

david: when you hear about the health care industry it is usually depressing news, businesswise, but the mobile health care industry is actually booming in silicon valley. everybody wants in. liz: how will these new mobile apps change the industry? joining us now, nate gross, rock health cofounder. nate, we love talking to people like you because you're very much on the forefront of where the real money may be made in next couple years especially when looks what is going on in silicon valley. health care has become very hot. first of all in what form, these are all apps. what are they doing for people? >> sure, so rock health targets digital health.

that is not just necessarily apps. that is online platforms. that is lot of technology that you see coming out of silicon valley today, exempt for it is targeted at 20% of u.s. gdp. targeted at health care. all of our health care, regardless of policy, seeing emphasis on value. value is the quality that you can deliver over the cost. and there is no better way to reduce cost and make things efficient than with a scrappy startup. we're seeing a lot of creativity from all these silicon valley areas that have been previously invested in social areas and in games and all that creative energy is being applied toward health care. david: let's just talk about revenue for a second here because people are interested how to make money out of all this of course. >> sure. david: let's get right to advertising. when anybody gets sick these days, usually go to the computer, look online to see what their symptoms are and how they match up. i would think that is the perfect place for a pharmaceutical company to advertise, no? >> there's a lot of potential for advertising.

there is just a lot of potential for directing to the right type of content for that patient. in the past few years we've seen everybody, doctors and patients, all adopt the iphone. the iphone just had its what, fifth birthday? now there is no up is thing as a dumb phone now. every phone in the store can search google. as doctor, i know they will google whatever i just said. liz: yeah. okay, what we're looking at are big names everybody knows. merck, genentech. cell scope, these are companies that are coming in and it is clear that some of the bigger guys on the market out there, the big names, want in on the little names because they're more innovative? >> absolutely. novi is graduating from our program today. they made it so you can have a virtual office visit with your dermatologist. that saves costs. get right to the point. convenient. with the doctor. bypasses all the steps along

the way. it uses secure, digital and mobile technology to get you there. david: you say graduate from your program. what exactly do you teach in your program? what do you need to get a degree from institute of rock health? >> sure. rock health is national incubator of startups. hard to get it two, three, scrappy entrepreneurs hard to get what you need to. need doctors lawyer, scientists fda approval and insurance and pharma. we bring all the people together when one curriculum. that allows them to consolidate the resources and be much more effective. one of the startups also graduating from our program, podi metrics, built a floor mat for your bathroom. you can essentially stand on the floor mat and measure circulation going through your feet. why is that important? because of diabetes obviously that is prevalent in this country you lose circulation and lose ability in your feet to feel and that can lead to diabetic

foot ulcers and that causes 100,000 foot amputations a year. if we can cut that off at the pass you can prevent unnecessary surgeries and procedures and save enormous money and grief in the health care system. liz: how successful one. social media names gone public, that has been linked in. a company called, doximity a linkedin for doctors. what is the chances they go public and you as an angel investor are there ways for people to get in on what you're doing? >> absolutely. as far as rock health goes we start our next class next monday. applications open, anyone interested i would encourage to rock health.com and appie. -- apply. as far as power of social networks, no matter how facebook is doing, look the like button, it just celebrated its second birthday in april. i feel like i've been using it my entire life.

it is ubiquitous. social media technology like mobile technology is here to stay. we're not sure what company will be successful although we've seen from linkedin and companies like doximity if you target specific verticalnet work you have a chance to being extremely successful and targeted in revenue models. the same concepts we see successful in verticals all over silicon technology, will jump-start that as well. david: you're a great salesman. he is md and harvard business mba he has the combination. he has it all. well-qualified to teach these things. nate gross, good to see you. >> thank you guys. liz: doctor. small-time actor accused of trying to extort millions from a movie mogul and millionaires. so just how common is this in hollywood? we're asking producer and mandalay entertainment ceo peter guber. that's next. david: also lady gaga's multimillion-dollar legal battle with one toy company looks to becoming to an end. say you don't know this

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liz: this sounds like something out of a bad who way movie.

aspiring actor trying to ex-start money from a big-time producer, energy magnate and internet revolutionary, just to further his own acting career. david: federal authorities say it is very real. they say 25-year-old vic shaw, pictured with tom cruise was trying to extort money from harvey weinstein and groupon cofounder. joining us now someone who knows hollywood from the inside, mandalay chairman and ceo. peter guber. everybody likes to have themselves photographed with a star. the fact we saw him photographed with tom cruise and other stars doesn't me was successful in any way. this is struggling actor who may have just been trying to extort money to make ends meet, right? >> yeah. you know, this is the old story. celebrity, and screen credit and bank credit. people want gold and people want the glory. these people often become victims of crackpots who want to get into the honey pot of their money.

you see it all the time. never becomes public as much as you would think it was. it is private and gets nipped in the bud. reality that kind of act traction comes when you have that kind of celebrity. liz: yes, but now, you see these things and you wonder what do wealthy people have to do to protect themselves. i mean, first of all interesting. all of the stars next to whom he stood look slightly uncomfortable, especially, i don't know if you saw the angelina jolie one. she looked like she was ready to run away. that is the thing, you never know who is standing next to you to take the pictures. this guy allegedly trying to extort and threatening to kill people. >> one of the things all celebrities face this. sports celebrities, music, film, television, wherever that glow we have somebody that wants to get near it. they think the proximity gives power. when they usually the perpetrator has another connection with the star and celebrity. they can't get what they want. they want some of fame. what do they do?

go from the casting couch to the killing couch. david: connections, connections everybody uses connections to get ahead whether politics in desew or -- d.c. or hollywood. >> right. david: people must be savvy. shows a picture with tom cruise or some other celebrity, no, i think is not for real. you just had your picture? or are people taken in by visuals of connections like that? >> picture is a powerful force, really, really powerful force. it has image, makes the story right away just the picture. what really happens, this is really the case, today it is so pervasive that people and celebrities are around, people are photoshopped into pictures. people get taken photographs and look like they are a part of the posse of celebrity or star or politico. then they turn that into, a desire, almost an addiction. that is if you look back with cindy crawford and john travolta and david letterman, all these kind of executor shuns are generally aimed at money, not necessarily fame. when you look at people like

john lennon, people in those kinds of people or people who try to get at political figures, presidents, no less they're looking for something different. everybody has something they're after when they're doing this. liz: okay. >> they are crackpots but they're after something. liz: peter, have you ever been targeted by something like this. >> you have to succeed at that level to --. david: please. liz: dude, you've run studios. pardon me, you own a bunch of sports teams. i'm sure you take security precautions? >> i just don't have any posse around me. i believe the best security is paying attention to your business and not trying to be if i have louse in what you do. these people aren't frivolous, really. when you really look at it, most of the folks get attacked by these things usually there is some connection to the person. there is prehistory. just doesn't happen out of the blue most of time. there is some ongoing connection. the jodie foster syndrome when somebody tries to get close to the celebrity and converted into romance, converted into money. there is always some

currency these crackpots are after. david: money or obsession. i have to ask you about the tragic death, suicide of top gun director tony scott. do we know what more might have led with to is suicide no. i did a movie, the fan, with him. david: he was a great director and producer. >> multifaceted. very well-liked in the community. that is so odd, that kind of suicide, just to talk about is difficult. how do you jump off a bridge? make as state in itself. the guy was a pretty stable guy all time i had him. he didn't have reputation as being on drugs or anything like that. so, it is pretty odd. and you know, nobody seems to he no the answer to it. not his family. not his friends. nobody seems to know why. liz: peter, thank you for your perspectives. david: peter gruber, have a great weekend. thanks so much. first of its kind wedding ceremony. we'll take you "off the

desk" with details. liz: plus two major events to watch next week. we'll tell you what they are next. [ male announcer ] this is the age of knowing what you're made of.

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sandra: go off the desk. the maker of brats dolls may be close to resolving a

lawsuit against lady gaga for being uncooperative in their business venture. mga entertainment says lady gaga was working to sabotage its attempt to make a doll in her likeness. the case may soon be settled in snosh. david: she doesn't wear wigs? liz: no. real. david: "off the desk", ceremony for california couple. look at this. i love the video. the two got married while wearing $90,000 jetpacks. wow! had the first dance, hovering three feet above the water. wonder if we see that. were they doing the tango? the bride is former wedding planner want ad unique wedding for herself. boy, did she ever get it. liz: yeah, okay. number one thing to watch for investors has got to be jackson hole, the symposium where federal reserve chairman ben bernanke and mario draghi will be both speaking. any hints of