target on sale buy it. >> they have a monopoly and who it was the bull aka your steve. >> welcome to my world. >> thank you. >> and that is how we treat our new comers. don't forget to catch more "fast money". >> half time is over pow er lunh and the second half of the trading game start now. >> are you ready for some google? >> it may be first and ten possibly for google but they have to throw some good passes. in about an hour from now we will get more insight on the feds, decision makes and when the taper may come and that is going to impact stops.

and we are bargain hunting. we will see which stops may be ripe. first to simon who is in for sue. >> good afternoon. it is a 5th straight down day for the dow as things count down to the fed minutes. tech is weighing intell. financial, citigroup and heading the nasdaq. let's have a look at where we are. vicks which is higher today. reporting outflows from bond funds is the third highest record. let's bring in bob and kenny both of them with me here. before we go anywhere. credit to you yesterday for recognizing that we are in a

down trend and yesterday was a dead cat bounce. the dow for the month over the last month down 4%. because that is where we are. we are in august and september typically a weak time of the year. and now there are all of these issues. with money coming out of bond funds. not running into ecquities yet. prices are getting cheaper and they are getting ready to go in when we feel we have hit that bottom. half of the traders believe that the fed can't be too hawkish. the others believe we have to make it clear. the tapering is going to happen in september. what you see in the markets here. the ten year kwleelyield, as th been moving down the markets have done better throughout the

day. moving down is what moves the markets. when you talk about the fed do they have to announce that something is going to happen in september or is it going to be data dependant? >> current consensus seems to be more modest. some people are arguing for $75 billion and $70 billion. >> so goes on the confusion. thank you very much. tyler, back to you. jim, and jeff join us now from chicago to talk more about the fed taper. jim, you heard what about pissani said there that it will be a baby step kind of thing. maybe $10 billion. sure, i think it will go from 85 to 65. i think it will be with fairly strong rhetoric saying that if volatility starts to get

out-of-control. they are back in. the feds on fuse too. they are actually not the greatest teller of future events as well. >> we are trying to figure out the fed's hokey pokey. he wants to see the rates head up further. the bazooka you are talking about, letting the market calm down which brings treasury yields down. major support here in the long

run and it held in on monday. >> here is the problem that i have. they have been effective with talking down long-term rates when they have tried it. >> it has been five years now. >> here is the problem that i have too. when the chairmanship switches, it seems to he wants higher rates. >> one major thing here that folks in the market the velocity of this move to nearly 3% the fed is troubled with that and they want to walk it back a little bit. the chicago boys have been heard from. >> we will check back later. >> thank you. >> the dow having it's worst period ever. little bargain hunting. sima has been taking a look. >> there is a bright side to every story. even though the market has been under pressure.

some say it is a good thing. rate sensitive stocks in the energy space have been under pressure that interest rates will rise. natural resources are trading at an attractive valuation of forward priced ratio below the average of s&p 500. technology stocks have been moving and western digital and in the retail space macie's and nordstrom's have been trading as below the benchmark. how long will this bargain opportunity last? thank you very much. in the meantime the revolution

may be underway. directv's biggest draw could be in jeopardy and going online. >> well simon yesterday, among the things gadell discussed were the nfl sunday ticket package. the directtv deal expires at the end of the season. >> nfl is looking to boost that price. nfl has negotations with directtv. it should walk away with $1.5 billion.

the question is how the nfl will value a billion users worldwide. certainly an interesting negotiation to watch and we'll see how it all pans out. >> sorry, tyler. disney down 1% the group is looking to eliminate 175 positions. the majority of lay offs will come in cities like noew york, a and chicago. >> dom? >> thank you. we are looking at zoo of the big movers of the session so far. let's kick it off with lows as the housing market encouraged americans to spend more on their homes.

it is a different story for target. a couple of mixed signals in that. >> thank you very much. >> let's stay with housing home sales since 2009. is this in sales ip july jumping 6.5% despite those rising mortgage rates. the national home price at $213,000. that is up almost 14% from a year ago. meanwhile the front page of the "new york times" today reads

istanbul skyline reflects cheap dollars now growing scares. interest rating are rising an a lot of those loans are in dollars. what happens to turkey and other countries when the cheap money drys up courtesy of the feds? peter lannigan is head of emergency strategy capital. what is the answer to that my friend? are you concerned? >> i'm not concerned over the longer term. the positive story is very much in tact.

they will experience troubles in the near term and that is what we have seen where their currencies have been corrected upwards of over 10%. we got the half time report in emerging markets in the past. >> in terms of etf's where would you lead us? >> i'm glad i'm in with good company. right now i would like to look at china which i think is attractive valuations and earnings growth prospects. over the past month it's currency was up and the china

etf was up 3.5%. when investors say that markets are falling down. my response to that is which ones are you talking about? chi china, that is not the case right now. i like that one. i like korea. the etf has been flat. relatively good performance considering what is going on in the rest of the world. both these countries have forward price earnings ratios adjusted for growth of less than half of 50% that of the us wherever i one seems to want the us. brazil and russia still have tough times to go through. have a great afternoon. thank you. >> in syria, we are watching a story very closely.

it was deeply concerned the attacks come on the one year anniversary of president obama's comments when he warned the regime of using chemical weapons. >> a red line for us is we start seeing a whole bunch of chemical weapons being utilized. >> nbc's richard engel is following this story from cairo. >> if that was the red line a year ago and that red line had been crossed when they used small amounts of chemical weapons, they are alleging that a more significant incident has happened. there was a ba rage of surface of surface missiles attacking

ten villages and towns to the east and north of damascus. these attacks we have not been able to independently confirm them. but we have seen children, women, men, lifeless bodies laid out in makeshift hospitals to exhibit no obvious injuries gunshots or bomb fragments. people who suffocated because of a chemical agent in the air. the regime is suggesting that the rebels have fabricated the incident to distract those in syria right now. the numbers are certainly in the hundreds and may top 1,000. the video there is very distrucking. we are hearing that a court

there is ordering -- to be released. >> this is very symbolic about what is going on in the arab world right now. revolutionaries sometimes have been taking to the streets and taking the reigns of power. in egypt the situation is going the other way. you have the president detained behind bars. the military back in charge. and now the former strong man in egypt, he hasn't been released yet, but it looks like he will get out tomorrow according to his lawyers. but it seems that quite soon perhaps late tomorrow or tomorrow he could be a free man while he awaits trial. >> richard reporting from cairo

for us tonight. and simon down to you. >> i have another major story oversees. japan's nuclear agency is upgrading the water leak from the fukushima nuclear plant from one to three. it has been leaking into the ocean from the plant for now two years. this is the first time that japan has raised it's warning since the march 2011 melt downs that followed that major earthquake and tsunami in japan. >> all right president obama soon to make a major announcement on college affordability. more power plus golf tips for me in two minutes. [ male announcer ] come to the golden opportunity sales event

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expected earnings on dismal international sales for the year. the stock however is up 26% year to date. simon? >> tyler, health and education too. the biggest cost facing millions. president obama set to unveil proposals to help make college

more affordable. >> the president has been traveling the country pushing his vision for a middle out economy. this is not the bus tour he was taking through the state of pennsylvania. a second goal is to try to improve pay for performance. trying to reward outcomes and inputs. he is trying to reward federal aid and tighten the link between education and the job market.

based on federal aid have not had such a good record on linking people to jobs. the question is how is the president going to accomplish these things? even though states and localities control education both at the public level and at the higher education level, they can try to do some carrot and stick incentives other things are going to require legislation and of course that is difficult in this environment but the president is out there pitching. he will go to buffalo, syracuse and binghamton and on friday he is scheduled to be with vice president biden there. >> all right john, reporting from the north lawn.

five years later and wall street's biggest firms might have to get ready for the biggest rounds of investigations. >> what is happening? >> well, tyler, you know it is five years and a lot of us have been speculating whether we will see big criminal cases. i'm told that is why eric holder has talked to the attorney general or that those involved might be able to run out the clock. it is the same message we heard from manhattan u.s. attorney last month at our conference. >> the statute of limitations is ten years but if it affects a financial institution it is ten years. when you are talking to on going

conduct it elon elongates the statute. >> it is widely believed he plans to step down by the end of the year. he would not say, did not specify civil or criminal cases. tyler, we could be in for a busy couple of months as we approach that five year anniversary. >> simon, down to you. >> as we down tcount down, it hn a rough month for the dow. plus the power pitch. >> coming up, power pitch. st i'm the ceo of zumba.

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he was an economic adviser for the 2010 election. here is his power pitch. >> i'm the ceo of a brand new platform for apartment rentals. there has been a lack of innovation in the space. capturing the photos on 4 megapixel cameras and posting them across the internet. renters are still righting applications and there has to be a better way. our app is the first ever app that allows agents and landlords to post online.

for renters, our platform allows realtime search and we can allow applications and offers from the phones in the unit. our numbers are doubles month per month. >> he can hear us but he can't react just yet. on our panel ceo of fashion marketplace list. specializing in peck and online start-ups. he established dfj's india office and manages their portfolio in india. he has invested in tech start-ups since 1998. what are you curious about, what would you like to know? >> this is a clustered space. how does it differentiate itself

over the long-term. >> what would you like to probe? >> i'm concerned about liquidity in the marketplace and the competition. there are a lot of established players on both sides and it is going to be tough. >> when you sayclo cluttered sp. >> craigslist and others rent.comand others. >> now is the moment. chris, you go first >> my question is, the listings that brokers are taking are they going just to the zumper platform or other folks out there? >> the advantage is we get the listing before anyone else. before it hits the other guys we get it. the moment we allow it to craigslist we will allow it to go to the others in the market.

>> what is your customer acquisition strategy? >> we go to land lalords and th teams and bottom up these are landlords with 0 to 25 units who are looking to do stuff on their iphones. >> i have two questions, how do you make money who pays you and how do you sort of upcharge them and number two, who updates this listing and does the currency of the listing depend on the listing landlord and agent and how do you make sure that what i'm seeing is still available? >> we offer promotion of listing to the site. we get paid and because we own the data we can track it obsessively. we charge a monthly software fee

and we had far better data in terms of betting answers to the e-mails. we refresh the data. >> let's turn to the panel. are you in or out? >> i still have the same concerns. but, it seems that he put together a solid team and the product looks great. he will figure it out i'm in. >> what say you? >> i'm stuck on the fact that it is a cluttered environment. getting consumers and landlords and agents to come to the site will be tough so i'm out. >> i like the capitol groups that you have attracted so far. i kind a like the idea that you feel like you are a pure play this is your business.

so i kind of like that. i'm going to give you a feeble thumbs up but it is a thumbs up. >> we will spend the next couple of years proving you right. >> thank you to our panel. and that folks is the power pitch. >> all right. you heard what we had to say on the start-up. but we want to hear from you. are you in or out on it. is it a thumper or into the dumper. vote in the poll and follow the conversation there. dominic chew now. >> tyler, how about gps maker garmin. shares are on the move. the anl ifl there boosted garmin to a sell. that is on the heels of a new

line of action cameras. the ones that skateboarders wear all the time. so it is gps and action cameras. i'm intrigued for sure. thank you very much. >> we are 28 minutes for the release of the fed minutes. policies are edging lower. bertha cooms is tracking that action. >> any sort of indication that we will get in terms of how hawkish. the dow is. edging down and bear in mind that gold is up 4.5%. copper traders are looking beyond the fed. back to you. >> okay thank you very much. let's check in with bob for the nyse.

we are still captive to independent rates. the ten year, the bottom line, as the ten year yield moved down. the stock market bottomed out and started coming off the lows. you will see around 11:30 the yields started moving to the downside. not far from the highs of the morning. emerging markets still an ugly day. even as they are trading here. of course the important thing the market is closed and yet you can still trade these etf's here. important thing here is all of them to the downside. speaking of sensitive stocks here. it has been an ugly mug here for the utilities. we are starting to look attractive in the yields. some of these utility stocks are

approaching 5% yields. i think the average is about 4%. but you can get 5% if you pay a little bit. interest rate sensitive group. on the dow rather on the treasury but it is starting to look interesting. >> let's check in. >> simon. ahead of the minutes we are seeing apple shares on the move. riding that it expects apple to strike a deal on china mobil which is the largest mobil carrier. idc reported that samsung continues to take a bite. where are we see iing red micro

tech. on fed day rick santelli is live from chicago. what would one expect on a day when transparency seems to be the call. unchanged. getting close to unchanged. all markets seem to have topped or reversed a bit. but it all seems to be looking for the same variable. what is going to happen in 24 minutes. the fixed income markets will slide through it. most important currencies. if you look at the euro? if you are looking at the dollar in gex, a lot of debate on those two mirror image charts.

tyler, back to you. all right thank you very much. a really good point there. defining fundamentals. possibly at the top of the hour. let's move onto come back companies. remember when netflix was left for dead shares today a new two year high inching back up to the all time high. the stock is now down by 1.5%. google and the gridiron. making a play to get nfl games. we will talk more about that. we'll explore it more in a few minutes.

if you dig deeper look at the big oil companies. exonn has shaped over 50 points off the dow. big big downside move for a lot of the day. >> the dow $306 dollars a share. the video service was left for

dead. what is driving this come back. >> well, simon that disaster known as quick ster and the price hike that came with it and it is paying off. by demonstrating that it can compete. thanks to the series house of cards netflix through sub strs r subscribers. just yesterday netflix linked itself with a subscription company.

>> thank you very much. the cost of college is soaring. you know that as well as we do. new study is showing that high school grads are under prepared. we'll talk about that ahead on power lunch. are you ready for some football on google? it is all in the power rundown. i am today by luck.

i put in the hours and built a strong reputation in the industry. i set goals and worked hard to meet them. i've made my success happen. so when it comes to my investments, i'm supposed to just hand it over to a broker and back away? that's not gonna happen. avo: when you work with a schwab financial consultant, you'll get the guidance you need with the control you want.

talk to us today. what are you guys doing? having some fiber! with new phillips' fiber good gummies. they're fruity delicious! just two gummies have 4 grams of fiber! to help support regularity! i want some... [ woman ] hop on over! [ marge ] fiber the fun way, from phillips'. think big. plus the soaring sectors over the last 15 years and of course. what every one is waiting for at

the top of the hour, the fed releases it's minutes and we are your place to turn for coverage. make sure you tune in. >> lovely thank you very much. president obama trying to ease the burden of college costs. 37% say make college fees tax deductible. others saying put a cup on college fees. >> all right stay right there. that brings us to the power rundown. it has more than tripled in the past three decaddecades. >> i think what obama is laying out, more results focused is a

gate set of ideals, can the man deliver and the jury has to be out on that. >> my niece is going to syracuse this year. the total cost is $60,000 a year. her parents are trying to figure out how to pay for it. >> that is a potential game changer. it costs $45,000 to go to georgia tech. kids need to go to college. they can't do it all online. surely. it is going to put downward pressure. i think it is a game changer. >> let's move on. >> it is not difficult to find a job if you are looking for part-time work. for the rise in part-timers here

is what e lance ceo's said on power lunch. lee search shows what small businesses are showing. to extend their workforce in hiring specialists with creative skills that work on a freelance basis. >> this is something that is not going away. employees that have been told in 2015. it is also an issue.

why should you? when you get productivity gains like that. and workers are not sharing in the gains. part of this affection. we have been working harder. >> so many people putting together multiple part-time jobs. all things d reported google in buying the rights to the nfl sunday ticket package. is the tech giant making a play for tv? >> i think that this is a great idea. i talked to rich greenfield and he feels the same way that i do. $1 billion, why would you not want to plant your flag into the ground? >> i say yes to the idea and

they would be a big player. >> i don't think this is going to happen. i don't think the sports guys will allow it to happen. >> i think it is in so many controversial areas. >> i think cbs has an agreement with them. the big worry for the nfl is what happens to those images once they are broadcast? sorry folks we have to leave it there. making the green on the green. the goefli idynamo joins us. right down the street. he's 12th in the world right now. we are talking about this week's

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[ static warbles ]

we've got one of the folks having a wonderful year. i have to get this is a tough stretch for pro dpofl golfers. you will have played -- >> it is a big stretch. we look forward to this. you have been playing very well. a good finish at the pga. >> the views are as good on this course in the world.

we look forward to coming here at liberty. >> pat bradley, i'm going to roll some tape here. this is my swing can you see it? >> looks terrible. i would take two weeks off and quit. >> well i am taking two weeks off. >> if you take more inside. i probably did. what is inside and outside mean? >> i don't know what that means. >> take it towards your right foot. having the club outside your hands. you take it in towards your right foot.

continued good luck to you. and i'm going to be routing for you. >> thank you very much for having me. >> the barkleys starts tomorrow. and you know him phil mickelson. moments away new clues about the economy. stay with us.

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that will do it for power lunch this day. big edition for street sign gns beginning right now. >> that is right guys. are you ready for some fed action?

we have steve liesman set up and the markets are ready to go. thanks very much afraid the fed is not delivering the clarity you seek. the meeting was split. few members saying the feds should be patient before tapering. other members saying they should stick to the plan laid out in june and saying it might be soon in time to paper. almost all participants were probably comfortable if the economy improves