connell. connell: in fact, charles payne will be here. stuart, thank you very much, my friend. i am connell mcshane. 96,000 jobs were added in the economy last month. even though the unemployment rate went down, it is because many people simply give up looking for jobs. this report comes just as the general election campaign is kicking into gear. we are all over it. we have terrific guests this hour. we have scott minor and monica crowley. michael petallides will start us off this hour with stocks now and she will be back every 15 minutes. markets are not doing a whole lot. stuart: it is interesting. it seems to be taking a little bit of a breather. we saw a little bit of selling

and so the market recover. i want to take a look at a few movers. names like kraft which are weighing on the dow. a name like barclays is looking better. amazon and google, new 52 week highs. we get back to the major averages here, you see the dow, s&p and nasdaq are all virtually flat. yesterday we had soaring markets. the dow closed at the highest level since 2008. we are barely holding on to some really stellar gains. back to you. connell: we will be back there in 15 minutes. our first guest has been thanked the u.s. economy continues to improve.

scott minerd joins us from out west. >> you can argue that the glass is half empty or the glass is half full. i have been on the side of it is half full. it has been a pretty good bet. even though we are having subpar growth, the markets have been performing very well. i remain fairly constructive and i don't think we will go into a recession anytime soon. connell: you are absolutely right about that. big rallies to multiyear highs yesterday for the stock market. this story today on jobs is obviously economics, but it is also politics. monica will come on and talk more about that in a moment. forget about the market for a second. really, scott, are things really getting better?

what is your argument that it is. >> we have added over 150,000 jobs per month since march of 2010. and that is in the private sector, not including the public sector. that is a more robust growth rate in private sector employment that we have had in the prior expansion. this is interesting and the depths of the crisis was so bad that we are not getting enough job growth rapidly enough to get the unemployment rate down. connell: what happened next? does the federal reserve step in? and whatever they will do, i mean, the options are somewhat limited. now people say the central banks, federal reserve, that is where the story will be. is that fair? >> i think, absolutely. doctor bernanke put us on notice

that he is ready to pull the trigger on what i call infinite quantitative easing. we have had qe1, qe2 and that we will have julie infinity. we will open the floodgates and print money until everything is wonderful again. we are at the break of that. we will probably get that next week at the september meeting of the fed. connell: what reid want to say? >> it is awesome for gold. connell: always good to have you on. let's go to the politics of all of this now. president obama now has to deal with what his rival mitt romney described as the hangover of the jobs data. last night the president told us what he thinks of romney's plan.

>> they want your vote, but they do not want you to know their plan. that is because all they have to offer is the same prescriptions they have had for the last 30 years. have a surplus, try a tax cut. deficit to heart. try another. feel a cold coming on, take your tax cut rollback some regulations and call us in the morning. connell: bringing and monica crowley now. author of the book "what the bleep just happened." monica, thank you for joining us. you could say maybe he knew about the jobs data beforehand. he is trying to make this a choice between him and mitt romney. >> what we heard last night was more of the same. he did not lay out any new revisions or proposals.

we are left with the assumption, and it is an accurate one, that what he will do in the next four years is continue the policies that he has implemented in the first four years, which, as we know, have been disastrous. this jobs report is awful. what matters to the average voter, yes it is those numbers, but it is how they feel. after last night's speech and the job report today, americans have not changed the way they feel about this economy or this president leadership. connell: i thought there was a difference in the president's tone. now we have the jobs data so we started thinking, well, did he know? i will show you a quote here from alan krueger when he was

asked whether the president knew about the jobs data. we follow it every month. i will not get into specifics about discussions with the president. that is not something that is appropriate for an advisor to do. it was not the tone we heard from him in the past. >> that is right. perception is everything. the subtitle of my book is the happy warrior to the great american comeback. what obama did so effectively was run as a happy warrior. we heard a completely different thing. i think most americans reject that. we see an economy that is in dire straits. this man has spent trillions of dollars for nothing. connell: here is the problem, though, for the man you support,

mitt romney. it is a very difficult path for victory. how does he went? that is a difficult task. they are neck and neck in florida. if he does not win florida, he is pretty much toast, most people will tell you. an economy that is struggling. all of those things. how does romney went? >> very tough to put together the electoral map. he and paul ryan are spreading the message that, look, the last four years we have tried this, it has not worked. it has taken a bad situation and made it worse. if what the president says is true and he wants another four years to the untrained do the same exact thing. we have had the empirical

evidence during the reagan years, we can do it to. i think that is a winning passage. i think the president has the advantage in terms of incumbency. in terms of messages and moment of now, i actually think it is with mitt romney and paul ryan. connell: monica, thank you as always. monica crowley. the president speech received almost 53,000 tweets and one minute. the democratic convention had as many tweets in its final day as the republicans did over the course of three days. for what ever that is worth. amazons new more powerful candle fire will be powered by a processor that is made by texas instrument. shares of amazon are up.

texas instrument is to the downside today. our next headline of the day it would be this, charles payne likes the big rigs and he cannot lie. charles is coming up. he will make you some money in a moment. apple shares have been moving higher today. take a look at apple. we will talk about whether or not the company wants to get into the radio business. first, a look at the oil targets today. we will be right back with charles payne on "markets now." ♪ want to try to crack it? yeah, that's the way to do it!

now we need a little bit more... a little bit more vanilla? this is great! [ male announcer ] at humana, we believe there's never been a better time to share your passions... because the results... are you having fun doing this? yeah. that's a very nice cake! [ male announcer ] well, you can't beat them. [ giggles ] ohh! you got something huh? whoa... [ male announcer ] humana understands the value of spending time together that's a lot of work getting that one in! let's go see the birdies. [ male announcer ] one on one, sharing what you know. let's do it grandpa. that's why humana agents will sit down with you, to listen and understand what's important to you. it's how we help you choose the right humana medicare plan for you. because when your medicare is taken care of,

you can spend more time sharing your passions. wow. [ giggles ] [ male announcer ] with the people who matter most. i love you grandpa! i love you grandma! now you're a real fishman. [ male announcer ] humana.

♪ connell: we are making money. charles payne is here. he is going to move some earth for us. charles: let's talk about caterpillar. this is a company i happen to love. this guy is a straight shooter. he has been a defender of capitalism and american companies.

year over year these guys have created 12,000 jobs. oversees business helps. china comes out with this news. $156 billion infrastructure. caterpillar will get a real big piece of that. when they reported the last number, the fetal pointed out, listen, interest rates are low, central banks are prepared to inject more liquidity. connell: you like caterpillar. you will be back next hour, right, with something up your sleeve, i am sure. charles: yes. this is really big news. it is moving a lot of stocks that were under water. gold and silver through the roof.

connell: that is what scott minerd was just talking about. at a quarter past the hour, let's go back to nicole for stocks. stuart: not good here for pandora. when you take a look at it it has been down 18% all day long. when you look at pandora you look at intense competition. apple is said to be moving ahead with some sort of streaming music that would compete directly with pandora. they just recently boosted their outlook. then you have this, like the big whammy of the day. apple comes out and says we will go head to head. apple has not come out and said anything. pandora down 17.5%. apple, new all-time highs. 679 and change. back to you.

connell: back to the political debate we have been having here. our tax cuts really the answer to all of our problems. putting the pedal to the metal. texas set to open a stretch of highway that will have the highest speed limit in the country. you have some time to guess what that speed may be. we will get to it a little bit later on. first a look at grantee today and how they are faring against the dollar. ♪

>> at 21 minute past the hour i have your fox news minute. the obama administration has -- secretary of state hillary clinton made the formal declaration following pressure from congress. at least 60 people are dead following a series of earthquakes in southwestern china. damage is preventing rescue crews from reaching some of the outlying areas. the artist behind the obama hope poster is sentenced to be behind

bars. he was sued by the associated press in 2009 for using it copyrighted photo of then presidential candidate obama. those are your news headlines right here on the fox news network. back to connell. connell: we will play one more clip here from president obama's speech. this one is on the republican parties tax plan. >> over and over, we have been told that bigger tax cuts and fewer regulations are the only way. that since government cannot do everything, it should do almost nothing. if you cannot afford health insurance, hope that you do not get sick. if a company releases toxics into the air, that is a price of politics. connell: former senator byron

dorgan joins us now. think that argument wins undecided voters, senator? >> i don't know. i thought it was a good speech in a good convention. i know mitt romney is proposing a 20% tax cut. it would be nice if this country's problems could be solved by cutting taxes. we have very specific deficits and we will have to have some real spending restraint and increased revenue. it is evident to everyone that we could get revenue from those that are not paying their fair share. governor romney himself for the income tax releases that he has made is paying about a 14% rate and running some of his income through the cayman islands. there is plenty of opportunities to get more tax money from people who should be paying more. connell: republicans will make,

obviously, a counter argument. they will point to two things. the record on cutting taxes and in an environment like this has proven to work because of what president reagan did in the 80s and they will say something like this jobs number we had this morning was really a rough number. it is just time for change. both of those arguments could resume with different people for the republicans. >> i think both parties want to get to the same place. they have different methods of doing it. the jobs number today was not great. it is growing. when president obama took over it was shrinking about seven or 8% of the year. now it is growing. we need it to grow more, no question about that. the brevity is not to get rid of that regulations on wall street and to cut taxes, it is for a balanced approach.

connell: more less government. the basic argument that this election will be all about in terms of the role of government and people's lives. connell: let me ask you one last question about momentum. a lot of people would argue that the momentum was building throughout the week with the first lady and then bill clinton. did the president deliver or was that an underwhelming compared to his own standards that he set the menu followed up with a disappointing jobs report this morning. >> i am a democrat. i like president obama. i think he delivered. i do think this will be a close election. i think under hope the american people will understand the choice. we can fix this country. we can expand this economy. i think the right remedies if

republicans and democrats can finally work together, the right remedies will be put back on track again. connell: we need it. i think we agree on that. you and i have talked about this a bunch of times in the last few months. it seems like a thing of the past. senator byron dorgan, thank you. should the president be doing more on the jobs front? it has been a theme on our conversation this morning. you will meet one longtime democrat who says the answer to that question is yes. first, the market after the jobs report which was a disappointment this morning. some individual stocks are doing well. here are your winners on the s&p 500. ♪

you see us, at the start of the day. on the company phone list that's a few names longer. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. i've been fortunate to win on golf's biggest stages. but when joint pain and stiffness from psoriatic arthritis hit, even the smallest things became difficult. i finally understood what serious joint pain is like. i talked to my rheumatologist and he prescribed enbrel. enbrel can help relieve pain, stiffness, and stop joint damage. because enbrel, etanercept, suppresses your immune system, it may lower your ability to fight infections.

serious, sometimes fatal events including infections, tuberculosis, lymphoma, other cancers, and nervous system and blood disorders have occurred. before starting enbrel, your doctor should test you for tuberculosis and discuss whether you've been to a region where certain fungal infections are common. don't start enbrel if you have an infection like the flu. tell your doctor if you're prone to infections, have cuts or sores, have had hepatitis b, have been treated for heart failure, or if, whilen enbrel, you experice persistent fever, bruising, bleeding, or paleness. [ phil ] get back to the things that matter most. ask your rheumatologist if enbrel is right for you. [ doctor ] enbrel, the number one biolog medicine prescribed by rheumatologists. [ doctor ] enbrel, the number one biolog medicine energy is being produced to power our lives. while energy development comes with some risk, north america's natural gas producers are committed to safely and responsibly providing generations of cleaner-burning energy for our country, drilling thousands of feet below fresh water sources within self-contained well systems. and, using state-of-the-art monitoring technologies, rigorous practices help ensure our operations

are safe and clean for our communities and the environment. we're america's natural gas. wall street betting big band company will announce new steps to stimulate the economy. that is the market side. the conventions are over and done with and 60 days to go until the election. we will show you where the president and mitt romney are taking off the final stage of their campaign and one state has the fastest highway speed limit. you may not believe how fast you can go. it is coming up on markets now. breaking news, the clothes for the day of the european markets closing up at this hour for the day and for that matter for the week of trading and slight gains in london and paris and frankfurt at the state rally following the bond buying

program that was announced at a european central bank. bottom of the hour every 15 minutes we check stocks with nicole petallides who is back with him again intel. nicole: you see the down arrow. number 2 loser. the dow jones industrial average a weak outlook saying revenue will be less than they expected because of weak tea mandan tough macro economic environment which doesn't come as a surprise but what it does is delivers a blow to the stock saying revenue will not be what they expected on weaker demand. you are seeing in tell -- what is interesting about the markets is yesterday we had such a day up 244 points on the dow jones industrial average and markets soaring from multi-year highs on heavy volume and today virtually flat so we are not giving it back and it is a pretty good sign. gold popping at a 6 month high and that is all on the idea the

fed will step in and we move fold up and on the jobs number. connell: president obama face the music after a less than stellar jobs report you are alluding to. the president needs a clear plan on jobs. scott is the president of delphi management. he talks about stocks. we tease your appearance by saying generally a democrat from many years which i didn't know. i don't think we ever talked about that but with that in mind after the president's speech and this morning's jobs report is there more he could have done? >> absolutely. i am from the generation of truman, kennedy and johnson. i'll then a lot of your viewers. democratic party was different then. i like obama as a person but he needs a definitive agenda. he has to spell out what he is going to do to create jobs if

reelected in the next four years. he gave a beautiful speech last night but it wasn't definitive. i suggest four years ago after he was elected he should have taken a page out of franklin roosevelt. of the alphabet soups. he should be putting people back to work to rebuild our infrastructure. it is crumbling. doesn't matter if it is the bridges here or in new york city or across the plain there's plenty of infrastructure projects and they can't be outsourced to china. that creates demand for aggregates, steel, construction equipment and american labor goes back to work. that will be a multiplier defect. the original $767 billion stimulus had $42 billion for infrastructure. the buzz word was shovel ready. we didn't see too much of a shovel ready project but not too late to define that. the other thing he needs to do

is a major tax overhaul of of corporate and individual. don't think you should cut taxes to people like me and the top 1% or 2% but you need some sort of tax overhaul to make the united states more competitive. connell: we talk about that a lot. the first part, i think it is pretty interesting especially from you. bill clinton argued nobody could have fooled us out of this economic mess in four years and included himself. it sounds like you think we could have been pull out of it but not in a way that some of argued. some argued we need a completely different prescription altogether. you say we needed more money spent than was spent. >> we needed more targeting of what was spent. health care was important but that should have been the second priority. first priority should have been no different than when roosevelt took office. the economy, stupid. you have to put people back to

work and he has not done a good enough job and he has to get the best and brightest together and come up for the real dialogue. this is what i'm going to do. not just sweeping generalities or romney and ryan are retrograde to what failed in the first place. team needs a positive agenda for america. connell: let me ask about the stock market. the performance of the stock market of 60%, president obama's term. we have been through a lot. i don't know what that says about his policies but facts are facts. are you bullish or bearish here on the stock market? >> i am neutral. i try not to take the direction but it is not cheap. if you look at small and mid cap defined by the russell 2,000 multiples on the 17 times expected earnings. the s&p is a little over 14 times and when you look at

stocks on the case by case basis as we do it is hard finding deep value. yesterday with a euphoric blowoff nothing has changed. nice that we have quantitative easing but that doesn't mitigate problems in italy, france and greece. we won't make the entitlements disappear overnight. connell: we will do that case by case the we are 4 but thanks for talking about these big issues. new jersey taking steps to privatize the lottery system. the state looking to hand over sales and marketing operations of the lottery to a private vendor next year. the state would keep owners of a lottery and employees would manage operations. last year the state lottery made $2.8 million in revenue and state officials believe privately managed lottery could bring more money than that. vendors selected to run a

lottery would pay $120 million upfront, sign a 15 year contract. to the races, 60 day screen until the election. november 6th. peter barnes has the latest on the candidates and new comments in to fox from mitt romney. you will hear from him coming up. they say everything in texas is bigger. look at this. just got a little bit faster as well. wait till you hear the details on how fast you can go on some of these roads. look at treasuries today. yields 1.6%. a little more on a ten year treasury note.

robert: i am robert gray. stocks continued drifting between gains and losses following news the economy added fewer than expected jobs in august but the disappointing report stirring hopes the federal reserve launch another round of economic stimulus. you see little change across the board. the rally on wall street, there is one. tech giant stock hitting a four year high crossing $700 mark for the first time since december of 2007. and glenn core raised its offer for mining company in an effort to salvage the $35 billion takeover offer from a rival

shareholder. the commodity trader boosted the ratio of its stock, and holds a 34% stake. that is the latest from the fox business network giving you the power to prosper.

connell: exclusive fox interview moments ago from fox news channel's bret baier sat down with mitt romney to talk about the jobs figure this morning which romney described as disappointing and also last night's speech from president obama. >> what the president said last night had virtually no new steps or indication of what he is going to do other than he wants things to get better and hopes to create jobs but not how he is going to do it. connell: more of that interview in a moment. certainly mitt romney is on the campaign trail today and so is the president. this is the sprint to the

finish. 60 days until the e election and peter barnes joins us from d.c. with the latest. >> just off the plane from charlotte. had a great time covering the democratic convention. both campaigns on the ground and in the air. the president and mitt romney are in new hampshire and iowa and both key battleground states. the president trying to get some top spin from his acceptance speech in charlotte. mitt romney coming out of three days to hit the campaign trail. the romney campaign releasing 15 new tv commercials. new hampshire and 6 other swing states. they are tired of the better future and tee off the are we better off debate and these ads were made before the jobs report but don't worry. the e-mail war started this morning at 8:31.

we have this one from the romney/ryan campaign. i'm surprise governor romney didn't say this in his interview with bret baier. if last night was the party this morning is the hangover. we got one from the obama/biden campaign. with 60 days to go mitt romney has yet to create a plan to create good paying middle-class jobs. connell: to our next guest who was appointed as special assistant to the secretary of the department of labour by president bush and that was before he was elected to congress so someone should way into the jobs data as republican congressman patrick mchenry joins us. thank you for joining us. we have been reporting this morning that this is a disappointing report not only because there were fewer jobs added than forecasts but the unemployment rate went down for the wrong reasons. people are not looking for work.

are you worried that the president is able to capitalize on this politically because there's a headline of lower unemployment than we had before? >> no. the fact is the american people will determine this election based on one key component and that is whether they personally have a job and with fewer people even looking for employment it shows their view whether or not they are optimistic about finding work. they are depressed about what is happening in the real economy. the fact remains this president's policies haven't worked and we need to replace him with mitt romney. connell: he sat down for this exclusive interview with bret baier. live on the fox news channel in iowa and he did talk about the report that was out this morning and here is what he said.

>> another disappointing monthly figure and i know the white house keeps saying you can't just look at monthly numbers but if you look at the last several quarters and the last several years you see a continued pattern that we are not creating jobs we need to create americans back to work. >> the criticism from the obama white house is romney doesn't have a specific plan. >> holy cow. he has 58 proposals he put out. it is almost too much to talk about in an interview. he has five areas to focus on as president. this candidate, mitt romney has been more specific than we have seen in previous presidential elections. he put out a solid economic plan. the reality is we need to look at this as a choice between two dramatically different paths. one thing both parties agree on is two dramatically different approaches. if you look at the long-range

approach we created more jobs than we are creating this year. the economy is stronger. looking at the perspective of 90,000 jobs created this month we have 3.4 million new college graduates this year and having a heck of a hard time trying to find a job. >> thank you for coming on today. appreciate it. patrick mchenry from north carolina. a swing state we think. back to the markets for stocks. nicole petallides is back talking about guns. nicole: watching smith and wesson. let's start with smith and wesson because their quarterly profit comes in and easily beat the st. moritz than expected so you see stock jumping 13% and hit a new high of $11 and sales

on the rise. this is ahead of the recent election coming up and we have seen a lot of folks may be concerned about regulation. smith and wesson is up 100% give or take. let's look of the market average. it is down 9 points and the some be virtually flat. connell: everything is bigger in texas but that includes the speed limit. the transportation commission approving a speed limit of 85 miles an hour for a 40 mile stretch of a toll road from austin to near san antonio while most of view in many parts of the country can be 75 miles an hour. this highway will which will open in november will be the fastest that has a speed limit in the united states. 85 mile per hour speed limit in texas. 8.1% unemployment. you may think that is high.

it is even higher for our gulf war ii era veterans. 8.9% last month. phil keating the fox news will have a report from what is being done to help these veterans get back into the work force. that is next. some more markets. here are the winners we're seeing on the nasdaq. [ male announcer ] what if you had thermal night-vision goggles, like in a special opsission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account.

connell: not getting easier to find work in this disappointing jobs report and that is especially true for many veterans. there are two million new veterans opening the work force and for more on putting them to work let's put on phil

keating's. >> one of the most difficult and challenging things for veterans coming home from afghanistan or iraq is transitioning from the warrior like state of mind to one of civilian tranquillity on the domestic front and matching your skills and finding that job. look at the brand new labor department number that came out this morning. national unemployment rate 8.1%. for veterans is substantially higher. 10.9%. that is an iraq warriors serve five years ago loading bombs and missiles. when his tour ended it took him five long months, door closing after door closing to finally landed job managing truckdrivers. the secret of getting hired turned out to be old-fashioned perseverance. >> took me a while. was mainly showing up every day and letting them know i wasn't going anywhere until i got the

job. >> iraq and afghanistan war veterans and domestic employers often don't realize the special skills that veterans bring to the workplace. things like adaptability, team work, and mission accomplishment mentality as that understanding becomes more widespread those that do no hiring are offered job fair is targeting veterans. companies like jpmorgan chase, credential and writer which is pledging 1,000 veterans by the end of next year. >> leadership skills that you find in 22-year-olds, we are hard-pressed to find in the civilian world. >> fresh out of pennsylvania u.s. republican senator pat toomey offering a new bill targeted to veterans which was established an internet online web data search engine which will help veterans match their

skills at with jobs that are actually out there but one of the key things they have to learn is you have got to be selling themselves. connell: they certainly deserve better. phil keating. sandra smith has a trade in a moment a few sports headlines before that as week 1 of the nfl season will get underway. if you are planning on taking in the action in person you might dig a little deeper into the pockets as the average ticket price his of 2% from west year so it is $78.38. according to team marketing report. the highest average is the new york jets. almost $118 and the cleveland browns the cheapest at 54. shaquille o'neal close to wasting up his basketball shoes again and getting back out of the court? there are reports surfacing that the former star for the lakers

and magic and other teams and an analyst on television in talks with the president of one of the team's in mexican basketball league. if he takes the deal he would be following in the footsteps of former laker dennis rodman. don't know if you want to follow in his footsteps but he was a terrific player who played two games with mexican basketball league in 2004 and just happened to be in the area. colonial playing again. this reaction from the commodities market to the job data we have been talking about. sandra smith has the trade today. sandra: i want to go to one of my favorite traders on the floor of the cme in chicago. what elements will come in a second, commodities in general up today, silver and gold and copper. agricultural commodities up today. oil is actually down. you have strong thoughts on

that. >> the commodity complex to the upside. this whole idea that we get quantitative easing no. 3 next week. the reason oil is underperforming as oil markets are sensing given a rise in oil ahead of the election and rising gasoline prices we will see a rising gasoline prices. the president doesn't want that and to help his reelection campaign they will release oil from the strategic oil reserve artificially tapping gasoline prices until wednesday november 7th. sandra: gasoline is up today. the spread is growing and crude prices dropping. do you expect them to be -- i heard that from other traders. >> without a doubt. used to be known as the strategic oil reserve. in the next we weeks it will be known as the strategic oil get the president reelected reserve and that is all it is.

sandra: thank you for joining us. back to you. connell: we will pick up on this with cheryl casone and dennis kneale, on the presidential election and how it will be affected by the jobs report. and jeffrey cleveland on more fed stimulus out of this. market stimulus considers in a moment. ♪

♪ i can do anything ♪ i can do anything today ♪ i cano anywhere ♪ i can go anywhere today ♪ la la lla la la la [ male announcer ] dow solutions help millions of people by helping to make gluten free bread that doesn't taste gluten free. together, the elements of science and the human element can solve anything solutionism. the new optimis you know how hard if yit can be to breathedo, and the human element can solve anything and what that feels like. copd iludes chronic bronchitis and emphysema.

spiva helps corol my copd symptoms by keeping my airways open a full 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. and it's steroid-free spiriva does not replace fast-acting inhalers for sudden symptoms. tell yr doctor if you have kidy problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you ta, even eye drops. stop taking spiriva and seek immediate medical help if yr breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing ure. other side effects include dry mouth and constipation. nothing can reverse copd. spiriva helps me breathe better. does breathing with copd weigh you down? ask your doctor if spiriva can help.

cheryl: america is not working. employers adding 96,000 jobs last month with the unemployment rate falling to a.1% as more people gave up looking for jobs. dennis: president obama of for a convention bounce after the big speech. the romney campaign making of a most of it. we will be all over that jobs report with brian gardner on how

this changes the shape of the presidential campaign. cheryl: jeffrey cleveland on whether the in gnomic jobs report will spark the fed to action next week. of course weak kick things off with nicole petallides on the floor of the stock exchange at the top of the hour. markets taking the jobs report in an interesting way. >> the jobs report was a complete disappointment and started to regain a little momentum. what is interesting is we are not getting back our gain that was out yesterday so so far so good. and nasdaq and the s&p are not off of a flat line but a 1/4% but a name everybody knows is google. in 2007, the $700 stock. stock at those levels since 2007 over $700 and if you look at the

long-term chart those people bought it at 700 and change. it was a $250 -- it has been moving up with earnings and advertising so you see it on the move again. the new hi again. dennis: mitt romney said last night was a party and this is the handover. disappointing jobs report for august one day after president obama accept his party's nomination. rich edson joins us from the white house to breakdown these numbers. >> dana 96,000 jobs in the month of august analysts expected private-sector adding 103,000. the department of labour showing 41,000 fewer jobs than had first been reported. some folks -- the unemployment rate falls to a.1%.

that is not the case when we look at the labor force. if you are not looking for jobs they don't count you and the labor force fell by 368,000. there are only two more jobs reports for the presidential election and both sides are confronting this report. >> any time the unemployment rate drops that is a good thing for the economy. we face a long-term trend of people leaving the labor force before the president came to office. >> another disappointing monthly figure and i know the white house keeps saying you can't just look at monthly numbers but over the last several quarters, the last several years you see the continued pattern that we are not creating the jobs we need to create the americans back to work. >> manufacturing lost 15,000 jobs. leisure and hospitality up from food and beverage services.

cheryl: jeffrey cleveland says don't just focus on this one report. there are other economic indicators that are a better indication of where we are. he joins us from los angeles. tell me this. this report was a huge miss by the economists. colleagues across the country. how do we get it so wrong? >> it is tough. too much faith in one report and one number. we need to look n.y. the array of data points. you can't be too precise. if you look at the adp report you see 200,000 or so and private-sector jobs and growth. [talking over each other] cheryl: how do you believe the numbers? the adp number was -- one month

was on target, how do we read the tea leaves? >> the reality is a catchy two different swaths of the labour market and look at both of them independently and not look at this so much looking at the adp but taken as another indicator of labor market health and it is pointing to continued moderate growth. cheryl: you are not bothered by it. we are doing okay. >> we are doing okay. not a sign we are about to dip into a new recession but i don't think it is great by any stretch of the imagination. one big mess out there that the white house manipulates the report because if they did i doubt this is the report they would produce. they would have looked for something else. i don't think it helps in that matter. i don't think it is going to sway the fed in either

direction. you need to look at a three month average. it is pretty weak. the job market is weak and the fed has already made up its mind that they are going to go down the stimulus path. cheryl: let me stop you on that because that is the big question. you would think gold would be jumping up and down after the jobs report because this takes away pretty much all doubt that the fed may have to do something next week. whether it is bond buying or stimulus or whatever. do you at least agree that ben bernanke has no shall waste? is he going to act? >> i don't think this report is going to convince the hawkish members that you need to ease and i don't think it will convince other members that they need to stay away. it won't convince either side. the real debate is not whether they should do more. the real debate is can the fed

do anything that will work to bring the unemployment rate down in rapid fashion? our longstanding view is they will go down the stimulus package. it is more open mouth operations than actual bond buying although last week ben bernanke told us bond buying works. i don't think you will bring the unemployment rate down quickly. monetary policy is not the answer. cheryl: jeffrey cleveland, you are a heck of an optimist. thank you. connell: the anemic job numbers could give mitt romney a boost on the campaign trail. president obama last night tried to level the playing field. >> we are not entitled to success. we have to earn it. we honor the dreamers and risk takers and on for nors who have always been the driving force behind the free enterprise system, the greatest engine of growth and prosperity the world

has ever known. >> it is just that they didn't build that alone. brian gardner of k b w joins us now. you are watching the speech last night. the president knew these job numbers and do you see any sign of that? >> there were clues in the tone. if the job numbers had been better the tone of last night's speech and more optimistic. it was playing -- give us more time. connell: we expected 125. and it is it too late for the president is better numbers came in next month? is that time enough to affect the vote? >> no one becoming president has been reelected when the unemployment rate was under 7.4%. even though the rate ticked down today for bad reasons it is not going to get to 7.4% so he is in

a lot of trouble and this did not help. he would need a good number today to change the tone of a conversation. he got a bad number. connell: dennis: are you ever surprise when the polls but disclose with the economy this disastrous. mitt romney ought to be way ahead. >> two things. the election everybody compares this to in 1980. the only sitting president that replaced the president from the other party, democrat replacing republican that didn't get a second term this could be a similar election and that election did not break until late. that was a close race, august and september into early october. i would not say i am surprised by it being close. charles: not too late for obama. your personal investment accounts. do you have a different plan for

if you think obama is going to win versus if mitt romney is going to win or the you keep investing no matter what either way? >> i would be more cautious if the president is reelected because i don't think he is as friendly to capitalize mitt romney would be but longer-term you have to be a little bit more optimistic with a romney presidency if it were to come to cast. big question in the short term is the fiscal cliff. what does the election mean in terms of a fiscal cliff and the extension of the bush tax cuts. in that regard i don't think it matters as much as people think it does. at the end of the day because the economy is so weak and the chance of a recession is so high that congress and the administration regardless of who wins the election will come together and extend the bush tax cuts for the least the year. dennis: one last entry in five seconds. mitt romney or obama? which one wins? >> i am going with obama but just by a hair but it is

changing. dennis: thanks for being with us. cheryl: the president's speech blew up on twitter. 53,000 tweets in one minute. twitter tells us that is a record for a political event but that is not all. that democratic convention overall in its final day as the republicans did over the course of three days. stuart: dennis: simple your demographics. if you look at the ratings the democrats have twice the percentage of 18-34-year-old viewers. cheryl: they love their twitter. i love apple tv. no i don't. i like my mac. dennis: you have been waiting for that one. the next big thing could impact be the radio. cheryl: charles payne feeling pretty good about his pick on the show of the supplier. he will come on the set and take

a victory lap. as we do every day at this time take a look at oil. oil is higher. we asked over 3,000 doctors to review 5-hour energy

and what they said is amazing. over 73 percent who reviewed 5-hour energy said they would recommend a low calorie energy supplement to their healthy patients who use energy supplements. seventy-three percent. 5-hour energy has four calories and it's used over nine million times a week. is 5-hour energy right for you?

ask your doctor. we already asked 3,000.

cheryl: 15 past the hour. stocks every 15 minutes. you are watching the nasdaq later. nicole: looking at green mountain coffee. it is down 45% but today a couple analysts talking positively about green mountain coffee, and also lizard capital. they face intense competition and hadn't held by storebrands and that will be expiring but they are talking about the sales and they have a high price channel based on these and also talking about for fact that it is not a hiker'sgrowth stock but still has room to move to the upside. $39 price target on it but the likelihood of double digit revenue earnings per share growth still very good. it is not hyper growth but positive comments from a couple analysts that the dow is down holding on to yesterday's gains.

dennis: time to make money with charles payne following up on stocks that made a pretty penny after he recommended it. charles: last night earnings came out for all for a salon. stock exploded the upside and cheryl casone love this idea. stocks hit 103 and pulling back a little bit and still up 21%. if anyone did it i would take profits on it. numbers were good -- [talking over each other] charles: it 103. if you bought it that day you are 20%. that it pull back. another idea we did, talk about silver, it is of huge 19%. this is the thing. i think the fed has to do something. i don't think they will sanitize

it like the ecb but wall street is on the bandwagon. if anyone bought it, it was around 50. we had it up a minute ago. a trailing stock from here and see what it does. dennis: why does silver -- charles: silver is still considered store value. not as much as gold. it used to be like this. silver has tremendous room to the upside. chinese google, of where it is. pretty good risk reward. i am looking for a move to 130. cheryl: thank you very much. you are on for that one as well at the victory level. cheryl: gold is soaring on hopes

of more fed stimulus. phil flynn of rice futures and a contributor at the cme. the gold bugs are loving this. >> almost a record high in terms of euro. that is how significant this run-up in gold is. gold is up $34 in the u.s. and flying into the q e stimulus and don't think ben bernanke will be left out. rocking in the gold market. cheryl: oil had been down throughout the session and we are moving to the upside. what is going on? >> an hour before the close a story broke out on a website that the u.s. was getting ready for a major release from the strategic petroleum reserve. that is why we saw oil breaking the last hour but today the news is there was a meeting in the white house with top energy

experts and some of these experts are saying go big but nothing has been done. that is why we're coming back. we will join the rest of commodities in a rally. cheryl: the headlines are always moving. if that is true it is a fascinating headline. thank you very much. dennis: pandora and cereus ex-im be where. the radio giant faces steve competition from the rock star apple. cheryl: president obama hitting the campaign trail. we will have the latest. as we go to break how the world's currencies are faring against the u.s. dollar. the euro building $1.27. [ male announcer ] at scottrade,

you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade.

>> welcome back to fox business. 5 policemen are dead in syria following two bomb attacks in the country. the country's capital. they were killed by the first outside a boston a 7 damascus. national park doubled the most

people had been exposed to the potentially deadly virus. roughly 22,000 visitors may have been exposed as the number of confirmed cases grew to eight. and returning to afghanistan on the front lines. the prince will spend four month deployment aboard an apache helicopter serving as a co-pilot gunner. that is your fox news minute. cheryl: with the convention's over president obama and mitt romney are full speed ahead, peter barnes joins me now. >> that is how many hours of sleep i had. and governor romney and president obama have hightailed it of new hampshire and iowa. gilmore on what mitt romney did

with bret baier on the news channel. rich edson reported that the top of the hour but bret baier asked whether mitt romney thought it would be appropriate for the fed to do additional stimulus to help the economy. here is what governor romney said. >> how to predict what the federal reserve will do. there's no action that will have an immediate impact on the economy. and the bullets are not able to strike at a target that makes a real difference. >> president obama is getting ready to speak to voters out there. a little topspin from his acceptance speech in charlotte last week. cheryl: peter barnes fresh off the trail. now to the campaign trail.

dennis: when apple sneezes some catch new money. pandora the internet radio service down a painful 20% today on wall street journal report that apple may enter the radio business. seeking deals with me this labels which bought lot -- lost all power to the apple itunes store. at radius server sends songs to any apple gadget you want. google's and dorr devices are not welcome here. pandora service has fifty-five million active users. that is more than ample's itunes. cheryl: u.s. stocks hitting four year highs on thursday. now is the time to buy. dennis: going from small business to one of america's favorite brands and take a look at today's s&p winners and may be losers.

jack, you're a little boring. boring. boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi card to get the benefits of private pass. more concerts, more events, more experiences. [ jack ] hey, who's boring now? [ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ]

sfx: sounds of marching band aand crowd cheeringi card. sfx: sounds of marching band and crowd cheering so, i'm walking down the street, sfx: sounds of marching band and crowd cheering just you know walking, sfx: sounds of marching bandnd and crowd cheering and i found myself in the middle of this paradeeet, sfx: sounds of marching band and crowd cheering honoring america's troops. sfx: sounds of marching bandnd and crowd cheering which is actually in tquite fitting becauseadeeet, sfx: sounds of marching band and crowd cheering geico has been serving e military for over 75 years. aawh no, look, i know this is about the troops and not about me. right, but i don't look like that. who can i write a letter to about this? geico. fifteen minutes could save you fifteen percent or more on car insurance.

nicole: i am nicole petallides at stock exchange. we checked stocks every few minutes. let's look at the dow jones industrial average. we close at the highest level since december of 2007. moving hire today up three points with the tech having as act virtually flat. some names that are hitting new

52 week highs and in some cases all time highs let's review the names. news corp. parent of the fox business network. will hit a 52 week high. firearm co. sales have been soaring hand the stock is up. back to you. cheryl: we will see you in 15 minutes. markets are searching for direction right now. at the highest level in four years there is a's rally following the ecb bond move the stocks are not as high. in september, december of 2007. here is the question. do you think it is a good time to buy stocks or miss the rally? jason fried is director of investment strategy. nicole is talking about the industry highs and consumer discretionary health care in the

s&p 500 hit all-time highs. how do we play those? >> thanks for having me on. we are advocates for taking some risk in portfolios as we always are. we take risks to generate long-term returns. at the same time we are not in a position -- the ecb and the fed may be putting in a floor backstop in the economy from a significant slide. won't necessarily be able to drive us to 4% gdp growth dealing with a stronger market. we continue to be in a 1% to 2% or 2-1/2% speed of growth rate. the environment is sluggish return for stock markets. that doesn't mean -- that doesn't mean you want to be hiding in cash and treasury with the vast majority of portfolio. you don't want a whole lot of equities as well.

we have been recommending middle risk spectrum strategies for investors including credit instruments, high yield or conservative equities as a way to play. cheryl: let's talk about stocks. a middle of the road play to you. >> phil morris international business, consumer oriented international growth brand delivers a large dividend. it is revenue base and earnings based is very stable. volatility in a dislocated market is relatively low and that is why it is in this obstacle situation of generating earnings growth in a smooth fashion during a difficult market and slow economic growth market environment. hy internal returns on capil, low leverage and a good business model. cheryl: you mention high-yield bonds. to be clear the high yield corporate bonds? >> high yield corporate bonds are playing and what we try to

refer to as chicken high yield which is the area where you get disproportionate pickup when you step down from triple b into single and double. what you are getting with high yield is slow-growth environment. competitive returns are on a projected basis versus stocks. taking half of the risk of traditional equities. we think that is the right trade-off to be shooting for generally speaking. cheryl: one thing many viewers are a little bit better about is the fact that they believe in long-term buy and hold strategy. i will buy the s&p for for at five years and get a nice return and they didn't. they're very afraid and they're so much money on the sidelines. what do you say to that person? >> long term buy and hold can work but the period sometimes actually has to be longer than ten years. 20 year time horizon is when you really kick in to consistent returns of equities.

ten years you end up a little more hit or miss and you went through one of those. you also look at the starting point to that ten year period and stocks were at astronomically high valuations. this is considerably more reasonable. we considered to be fair. cheryl: but predicting 20 years? [talking over each other] >> five or ten years you have decent returns on equity senator cohen the rescue are taking will be high. cheryl: thanks. >> cbs sold 90% of all the and it will run in the superbowl five months ahead of the event. thirty-second spot selling three.8% million dollars a pop. that is up from 3.5 million in the last super bowl and last time cbs posted championship game 2010 only 80% of the spot has been sold at this point. anheuser-busch and pepsi,

notable absence the rebound in general motors. cheryl: they will be back -- and play a little more conservative this year to the dismay of all viewers. dennis: we have the president of cinnamon going from a single stand in seattle to international franchise. cheryl: remember the massive chevron refinery fire in california? we will tell you who is being blamed for that blaze's.

tracy: diane tracy byrnes. american international raise $2 billion on a partial stake for life insurers a i a group. aig will use the money to buy up $5 billion of stock from the u.s. treasury and the move will help reduce the government's holding to below 50%. for the first time since tax payers bailed out in the 2008 financial crisis. lulu lemon is heating up wall street after the athletic apparel retailer put better than expected second quarter results and boosted it for the year.

video game sales extended their flag last month. according to research firm npd group research councils and accessories plunged 20%. that is the latest from the fox business network giving you the power to prosper. [ male announcer ] if you believe the mayan calendar, on december 21st polar shifts will reverse the earth's gravitational pull and hurtle us all into space. which would render retirement planning unnecessary. but say the sun rises on december 22nd, and you still need to retire. td ameritrade's investment consultants

can help you build a plan that fits your life. we'll even throw in up to $600 when you open a new account or roll over an old 401(k). so who's in control now, mayans? cheryl: state regulators have not been conducting workplace safety inspection-chevron's bay area refinery for at least ten years and until authorities about bent -- knew about the blaze the chevron refinery. no response from the company state officials. california overall spending more on prisons and colleges. california common sense says spending on higher education was down 13% in the last 20 years and spending on prisons rose 436%.

riots are expected to continue over the proposals put fluoride in water supply. time to follow the footsteps of every other american city. there are better ways to address children's health. that is the west coast -- i smell something good. dennis: you smell something cinnamony. a billion dollar club. annual sales will clear the billion dollar mark for the first time but chain has -- catch cold joins us for the small business big ideas. we just had a restaurant last week and by the same company that you are also arming the enemy. why set up shop inside rival fast-food chains instead of hanging up your own shingle separately. >> the business model for the

last or first twenty years has been break and mortar units in high traffic venues. so many airports, partering with other chains with larger footprint is a way to address one of our biggest strategic challenges which is access. there's not enough of that. >> you get 100% of the take. to you get 10% of revenue? [talking over each other] >> in 7,000 units or 8,000 units. >> 951 stores, half of that is in the u.s.. what is with the middle east -- opened up the first ever franchise in libya and get 92 stores in saudi arabia and 24 in

each of the. >> people in the middle east law cinnamon and sweets and over the last decade they have come to love western sweet treat chains and we are back. >> compare that with some obesity practice you might have real synergy but you are not in china and diana amazed at that. >> china is one of the last frontiers. we are in the middle east and growing in russia and central and south america big growth markets in the coming 12 to 24 months but china needed decades -- dedicated strategy. they are not as affectionate to sweets as a culture as other cultures are so we want to make sure we get the content right before we really growing china. dennis: you have 20% of u.s. stores in texas. where will your next phase of growth come from any u.s. forces overseas? >> equal amounts internationally and domestically. domestically the mid-atlantic and northeast are huge growth market. new york, new jersey, boston,

they love it and there's a high concentration. it is perfect for franchisees'. russia will continue to be a huge growth market as a latin america. dennis: i want to thank you for the great bun's you brought here today. on a related matter someone wants me to ask you never eat this at all. >> everyone asks me that. the mini bonds are 300 calories. these gorgeous little buns. people waste 300 calories on cracked every day. there is more pleasure per calorie in this little role than anything else you need. dennis: that is a good stock index. pleasure per calorie. thank you for being with us. it is a quarter till. every 15 minutes. nicole, you are watching craft. more food but the worst performer today. nicole: if there were cinnabon a here i would be packing and 20 pounds.

let's talk about craft which is the number one loser in the dow jones industrial average. they have been giving their outlook and strategy to investors over a two they unveiling. international co. in north america which are set to split up october 1st but this 2013 earnings numbers are falling short of expectations. you see it down 5.4%. using craft you think of natural house and oscar meyer's and deli meats and craft cheese. the dow line the nasdaq moving to multi-year highs so hovering around the unchanged line. cheryl: you heard me mention california jail costs are soaring. fastest growing area behind medicaid for u.s. states. dennis: you can get some of that

money back. how do you make crime pay? that is coming. a look at the day's winners on the nasdaq. [ male announcer ] let's say you need to take care of legal matters. wouldn't it be nice if there was an easier, less-expensive option than using a traditional lawyer? well, legalzoom came up with a better way. we took the best of the old and combined it with modern technology. together you get quality services on your terms, with total customer support. legalzoom documents have been accepted in all 50 states, and they're backed by a 100% satisfaction guarantee. so go to legalzoom.com today and see for yourself. it's law that just makes sense.

dennis: quadrupling in the past 20 years to $52 billion in the u.s. with taxpayers on the hook for much of that. can we make crime pay?

our next guest says you bet. senior vice president of rbc wealth management, let's go broad picture first. the u.s. is the most prison prone country in the world. tell us about that. >> we have 2.3 million inmates in state prison than in local jails. that is the difference between prison and jail. >> but that is not the right word. louisiana one 86. >> absolutely. look at the country as a whole is one out of four but if you look at parolees in addition, people are in the state or federal prison system. dennis: seven times as many prisoners as iran. >> absolutely. dennis: most times when people try to make money off prisons they look at publicly held for-profit prison, you think those guys might be played out.

>> the growth of those companies really have been posed 9/11 when u.s. marshals service and ice which is immigration custom enforcement is a contract to detain immigrants. 50% of all immigrant detainee's adopted the approach. if you bill that they will come but there's a mismatch. excess capacity but it doesn't fill the need of a public prison system. dennis: if we get rid of c x w and instead you like a couple actual california state prison bonds. tell us about those. >> california operates the biggest prison system in the country. you have an occupancy rate of 155%. demand outstrips supply. this is on the municipal-bond market.

a more conservative approach. we have a new bond to place in prisons and general obligation at the same time, 10% to 60% more. dennis: from local government. >> a state government. and jail bonds are speculative and that is where you hear about the prison market. dennis: in addition to california, are all state bonds safe to look at for present purposes? of state bonds pay higher than the general obligation? >> california and texas and new york and michigan, visa the biggest issuers of the lease revenue bonds on correctional facilities. for an income hungry investors looking for relative value there is a huge opportunity in these bonds followed by the market. and their tax-free. dennis: this plays into the theme that your call the great dancer because you put money in things were customer has little

choice if you like -- if you like cigarettes or gambling has addicts and certainly in prison customers have no choice but to be customers. >> absolutely. the country will stop at nothing to protect public safety. that is the prison market, great place to be. dennis: why not profit? thank you for being with us. have a good weekend. cheryl: mixed reaction from commodities on the latest jobs report. commodity winners with today's trade. >> one thing for sure. on the table today, the fed will act some sort of stimulus after weaker than expected jobs report. speculation will be that will drive the dollar down and push commodity prices higher. look at commodity winners. copper the best performer on the index of commodities. silver prices soaring. a strong performer over the last month and strong performers this

year. weak gold prices going up. gasoline continues to pop. i want to point out one commodity. natural gas prices, halted in trading. the overnight session and noon trading at 11:00 eastern time and 10:00 central. it is trading again today but the worst performer as far as commodities are concerned down about 3%. crude-oil prices, crude oil was down after the jobs report was released and down most of the year earlier session. it turned higher and $96 a barrel if we finish higher today this will be the third straight day of gains. more oil means higher gas prices. the bad news is that is because there's speculation more stimulus and weaker dollar and higher commodity prices. dennis: next melissa frances will have more on the disappointing jobs numbers and hundreds of thousands dropping out of the work force and what

that could mean for next week's that decision. cheryl: lulu lemon reporting a strong quarter with stock up 60% but can it keep up that pace? find out right here on fox business.

dennis: even with that number out this morning, i am surprised that dow is holding onto the five year high. cheryl: only get mr. bernanke and the meeting and the decision with all of that, will they in fact give the economy more stimulus. it will cause that to happen. i am more excited about the fact that they will be talking about blue ribbon.