They are adding to Spirit Airlines in a big way. Countdown to the closing bell starts right now. Liz good afternoon, everybody. So glad you are joining us. First off, we have to talk about new home sales. They hit a fiveyear high in june. Why do we start with that . Home sales are crucial. Very important. They do show that so far rising interest rates, rising Mortgage Rates are not a horrible drag on all of this. Plus, look at who they have their pains on now. That would be maidenform. Representing a 30 premium. Right now, it shares jumping nearly 8. 5 . A decent move their for a pretty iconic brand. Those shares, through the roof. Why we show you both of these, it is highly unusual for the inquirer to jump as much as pains did. Lets get to criminal charges. They are expected to be filed as early as this week. If you have been watching countdown to the closing bell, Charlie Gasparino has been on this story. As they seize embattled founder steve cohen is not expected to be charged personally, but any criminal charges against the firm itself could deal a huge blow to and his fortune. Half of the money is his. The other half, so much of it has been pulled out. We are watching that. Check this out, the big change that pays for apple stock today. In the past for earnings reports, apple stocks have sold off. Today, total opposite. Apple sold way more iphones than it expected to. The stock loves it. Right now, of about five and three quarters. Is now the time to own it . Did you miss the bottom . Does that even matter . Joining us now is jean monster. You have a really positive rating on this. You expect a pretty positive price target. They probably have missed the bottom. The product cycle get so fast and so rich over the next quarter. There is still a lot of room to grow in this stock. We are very optimistic. It is because of the product. The bad news is that the bottom is probably in place. The good news is, there still seems to be a lot of room left. I think that the june quarter really gave a lot of comfort that the fundamentals of the business are doing just fine. Liz they had people asking from all over whether or not apple stock has become a commodity. They are more, not necessarily revolutionary in their products, but evolutionary. What will be the next product . It is probably two things. The biggest one, we believe, will be the television. The size of the market is a bit debatable. It is not as big of a market as the phone market. It will not have as big of an impact as the financials. To a lesser extent, you will see apple do more in wearable Tech Knowledge he. Google has google glass. Apple has talked about the watch. It still fits into the category. Liz lets talk about the ipad quickly. What is going on . Does the ipad midi not excite people . The numbers are ugly. I think that is part of the plan. Second, it is a price sensitive market. We do have an average selling price in the four hundreds, a lot of people cannot afford that. Apple needs to figure out what the balance is to really spike demand. Liz what other stock do you have out there that you really like right now . There is a company in china. They basically have the social side in light of the facebook earnings side. That is one that has been generally underappreciated. If you are looking at a longterm play, it is a good one to look at. Liz the height of the year has been 70. There is still an opportunity. Thank you for joining us. Thank you. Liz the price has jumped. Gene munster. We want to get to the floor show. What was beyond apple . The dow is down. As we look at the low of the session, it begins to get people to wonder. As far as earnings go, i think president obama did not, his speech did not cause any great rally in the stock market. Perhaps, maybe he is talking up this economy and it is not doing as well as we are getting numbers on. Liz as we look at the s p, not hitting the record that people that we would hope to see do you expect a meaningful correction at some point in the next two months . I do. By the end of 2013, we will be up high single digits, low double digits. I think that there is a lot of headwinds over the next few days. You have the jobs number next week. Economic data has to outperform in the face of potential tapering. It cannot just be slightly. It has to really outperform. We are talking to 50, 270, the hundred. People want to know what will happen. You expect that we will not see the superstar rally. Lets talk specifically about what is grabbing your eye at the moment when it comes to energy. We had a three dollar range down here. We had a pretty big range. We pulled back and we settled just above 105. I am looking for technical numbers. You would think that we would rally a little bit. We were looking at 110 a barrel. It seems to me that we ran a little bit out of steam. I think the market can generally melt away like the summer is melting away. I think that is what we will see. I really think we have kind of run out of steam and we will start melting a little bit here. Liz i like the pink and the green. [ laughter ] liz thanks to all of you. It is great to have all of you. Thank you so much. This is a soap opera of epic proportions. Dell relating its Shareholder Meeting for a second time now. Sources say silverlake basically put down their hand and said they are not willing to increase the bid as much as 14 a share. Guest to just point within the last five minutes. Their deadline to accept the latest offer is extended to august 2. Right now, those shareholders who did not vote, they are counted as no votes. Dell is saying we will only give you 13. 75 a share if you do not count those as no votes. There is simply no rational basis for shares that are not voted to count this vote against the merger agreement for purposes of the unaffiliated stockholder vote. They have extended the deadline. August 2. Who is smiling at all of this . Kyle icon. All would be swell at dell if michael and the board did well. The bottom line is this is not a done deal by any sense of the word. With time running out, maybe not for michael. Liz this is fascinating. Are you seeing people walk out about building inches inches off the record commenting to you . The people behind those are just employees. You do not have the shareholders and the analysts. Liz adam shapiro is right there to get the story. They have extended the deadline to make all of the decisions. Again, now it is 13. 75. Watch out on this one. Closing bell ringing in 45 minutes. You just heard jean munster recommend chinas version of twitter. Top Business Schools rushing to open mba branches in china. We have a special masters of business series. Plus, up in the air. These may annoy you, but you are still flying it. One Airline Stock has been soaring more than 100 year to date. Shes always been able to brighten your day. Its just her way. But ur erectile dysfunction that could be a question of blood flow. Cialis tadalafil for daily use helps you be Ready Anytime the moments right. You can be more confident in your ability to be ready. And the same cialis is t only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. Tell your doctor about all yo medical conditions d medications, and ask if your heart is healthy enough for sexual activity. Do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. Do not drink alcohol in excess with cialis. Side effects may include headache, upset stomach, delayed backache or muscle ache. 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We create the lowest fares for our customers. Liz sometimes, lets first talk about the royal price drop. 19. 90. Seriously . Yes. It applies to a number of our markets. If you are willing to behave in ways that sell us money, that is the beauty of our model. Liz do you like to ski resorts . We fly to denver. People should think of them as options. When you go to buy a car, do you think of it as a fee to get the bigger engine or that is just what you pay to get the bigger engine . They are not really feasible and you can choose not to pay them. Liz i am with you. We are not a consumer channel where we are complaining about the fact that you charge for a blanket. I have talked to people. Now i have to pay a hundred dollars to check a bag . What that carryon fee does it results in people bringing fewer bags on board. It makes the flight more efficient. We do not want to do the transaction at the gate. We do not want anyone to pay that 100 fee. Liz your fleet is made up of airbus is. You have a bunch on order. Some troubles with some boeing jets. Does that mean you will never delve into boeing . Most of our fleet is growing with the 20. We are only flying it is a fleet thrown around the world. Very reliable sleep. Very easy to finance. We loved the airplane. Liz we have 30 seconds. You had some job fairs where you were hiring flight attendants. Are you still hiring . Yes. Flight attendants, pilots, mechanics, administrators. We are growing. We are a great job administrator. We think the economy should love spirit. Liz i love it. It is a great story. Spirit airlines ceo and president. Thank you. Thank you, liz. Liz be sure to tune into countdown to the closing bell tomorrow. Alaska airlines ceo and president. Airlines turning into real businesses. Something we have not seen in a long time. The concert venue many of you have not heard of. It is already earning top votes. Perhaps, this is the most successful one. We will tell you which one and where. We are talking to the esteemed deed of the university of chicago. Find out why it is making such a big bet on china. Stay tuned. Mba. We are talking about them right here on fox business. [ male announcer ] eligible for medicare . Thats a good thing, but it doesnt cover everything. Only about 80 of your part b medical expenses. The rest is up to you. So consider an aarp Medicare Supplement insurance plan, insured by unitedhealthcare insurance company. Like all standardized Medicare Supplement plans, they pick up some of what medicare doesnt pay. And save you up to thousands of dollars in outofpocket costs. Call today to request a free decision guide to help you better understd what medicare is all about. And which aarp Medicare Supplement plan works best for you. With these types of plans, youll be able to visit any doctor or hospital that accepts medicare patients. Plus, there are no networks, and youll never need a referral to see a specialist. 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Liz e trade, urban outfitters, morgan stanley, some of the countries most famous ceos. We are bringing in a guest to find out what group is doing right as we continue are masters of business very we are talking about what is going on with Business Schools out there. He went to stanford. While you didnt get a ba from stanford, how i stand for different from where you are teaching now . Stanford is an outstanding program. But it is an electively small one compared to chicago. We also have an evening and weekend programming three executive programs. One in chicago, one in europe in london, one in asia, which is in singapore and then resulting in us looking at hong kong. Liz lets talk about that. Lets talk about hong kong and why you would make that move. The program in singapore. Lets talk about that. Is it is an executive mba program. Managers in their midtolate 30s with about a dozen years or more work experience. And we believe the significant talent in that demographic in hong kong and mainland and china and in taiwan and in korea, and in japan etc. And this move is intended to capitalize on this entry and even larger fractions of future leaders. Liz dean, know that 70. 6 go on to graduate school in investment banking. That seems to be exciting to your graduates. India. The fraction has come down over the last five or six years. I believe part of it is cyclical and waited to the crisis. Part of it is also structural and i believe that the aspirations of her students today are much larger and other sectors have grown in the last five years and the example is the Technology Sector is 10 and result in jobs in the Technology Sector. Liz lets talk about this. We have spoken about danford over at dartmouth. Both of them are above 90,000 a year. We are talking allin. That is tuition and housing and textbooks. Extraordinarily expensive. Make the pitch to someone says, is it really worth it to have that mba on the resume. Absolutely. There is no doubt in my mind. And i will give you two explanations for it. First you dont measure this by just the very first year after you graduate. We measured this in terms of increased income over the rest of your life. You also measure it at the kind of opportunities that will open up for you. On that dimension there is no doubt in my mind that a top program like this will pay itself back many times over. And in chicago we believe in markets, of course, and the market response for us validates this. He wanted we want good to see you, thank you so much for telling the story of the university of Chicago School of business. You guys are going heavy in asia, its great to hear the story. Masters of business series continues tomorrow. We are talking to the dean of berkeley. Ridgelines. We will find out why his students are opting way more to go into energy and clean technology. The closing bell will ring in about 27 minutes. Honey, i shrunk the city. Will detroit get downsized . Explore some of the radical ideas that could be in play for the motor city, which needs radical change. My mantra . Trust your instincts to make the call. To treat my low testosterone, my doctor and i went with axiron, the only underarm low t treatment. Axiron can restore t levels to normal in about 2 weeks in most men. Axiron is not for use in women or anyone younger than 18 men with prosta or breast cancer. Women, especially those who are or who may become pregnant and children should avoid contact where axiron is applied as unexpected signs of puberty in children or chang in body hair or increased acne in women may occur. Report these symptoms to your doctor. Tell your doctor about all medical conditns and medications. Serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feeor body swelling; enlarged or painful breasts; problems breathing while sleeping; and blood clots in the legs. Common side effects include skin redness or irritation where applied, increased d blood cell count, headache, diarrhea, vomiting, and increase in psa. Ask your doctor about the only underarm low t treatment, axiron. Liz lets check with Nicole Petallides. We are loving these stocks today. Reporter thats right, ford is revving up. It is definitely a winner right here. Shares of 2. 5 today. They have record profits in asia doing well in south america. We know that they have pickup trucks that are a huge top seller and as i noted, record profits abroad. Ford is actually outpacing general mourners this year in 2013, doing better than General Motors is up, almost 30 . They are the ones who did not want to bail out. They manage to get through and not file for bankruptcy. Ford plans on hiring many workers. It is acrosstheboard. Liz thank you very much. As fox business was first reported, we have breaking news on early bailout talks for the city of detroit. Before i take my victory lap, would you want me like me to do some work here . [applause] listen, this is very earlystage talks. We will talk about this in a little bit. Have you got . Land is sold. The state takes over land. It is sold to private equity. Inside the boardroom, and there is a boardroom, the sky is the city manager appointed by the governor. Hes looking at postbankruptcy and we understand that they are looking to divide this. Its 139 square miles. It is a huge place when rice. Lots of middleclass and huge portions of the city is vacant. Liz yes, i have heard that. What we are hearing from officials close to this bankruptcy, that they are looking at radically downsizing the city. This is very early. But they are talking about it. When you downsized, the state takes over some stuff. And at then at some point, having private industry step in and take over that land and start rebuilding it. Private equity might be the way that they go on this. We should talk about private equity being involved in this and they are actually buying some of the bonds pennies on the dollar. There is wall street that is involved in this. And there is a theory here. It is a crime that is basically isolated to the places where there are people. Large parts of this are abandoned. And if you do eminent domain, then you can bui