side, and dan who is very kneeing diff, and said, yeah, you know, watch out. we'll see what the markets do. we have nice movement on the d and great stuff. lori, melissa, have a great show p. >> yeah, thank you on the anniversary of 9/11. we saw the best stocks from december 2007. >> stocks moving higher as investors participate a favorable courtroom ruling on bailouts, and possible stimulus from the fed this week. >> also personal and business taxes about to go up, but there might be some good news out of dc. we'll tell you what congress could be doing to save us in minutes. if you're an optimistic. >> mark zuckerberg restoring confidence in facebook.

>> also what he needs to wear. if he wears a hoody, that's a credibility killer for folks. >> i don't know. >> stocks every 15 minutes, going to the floor of the new york stock exchange. rallying. >> yeah, good here today. when you look at the dow, you can be celebrating if you were a bull out there because it's the highest levels since december of 2007, so we've had a nice run here. we're up 86 points at this time. we have been up triple digits there, and also seeing the dow, nasdaq and s&p with up arrows as well. look at the dow mover, and that's mcdonalds with global same store sales, rise 3.7%. shy of the estimates, but the big picture they have been doing well was smoothis, lattes, and salads. they have a diverse mean ewe. there's a look at mcdonalds up two tenths of 1%. the ceo stepping down, remains

as a consultant until the end of the year. nay have been interim ceo now named, joseph sullivan. that's something to be considering and looking forward to as well. 6% to the upside for mason. back to you. >> nicole, thank you so much. 2013 imports make up the smallest percentage of the oil use since 1991, below 40% according 20 new forecasts. phil is in the pits at the cme, and is this about more drilling or a slow down in demand because, you know, the economies around the world are slowing? >> with the slow down and demand here in the u.s., but it's also about changing demand patterns. the u.s. is becoming a lot more fuel efficient, and coz that doubted that the u.s. could be energy independent, yes, we can. here is proof. this is the lowest amount of imports, foreign oil, probably since 1991. what's bigger about this is that

when you look at what we're doing as far as oil production in the country, that's going to come for some time to come. yes, the slow down in the u.s. economy slows the demand, but there's more to the picture. companies switch fuel, getting away from oil, moving towards natural gas. that's a good thing for the economy, and i think it's a good thing for the energy industry overall. >> i don't know if the economy turned around, i think the trend would go away. that's a debate for another day. ii don't want to miss this. is the move about fundamentals? >> there's been bullish stories, concerns about how big the columbian crop is next year. the vietnam crop is in play. people don't like to be short any commodity, especially coffee ahead of the fed meeting. they have think that the federal reserve drinks coffee. >> they probably do.

>> i would if i were them. >> that's right. thanks so much. >> reporters drink a lot of coffee to go to the meetings. >> yeah. >> talking about facebook. as you heard, the ceo entering friendly territory for the first appearance since the companies botched ipo. he's slated to talk at a tech crunch event. what are investors looking to hear and what does he need to say to begin confidence? scot, thank you for joining us, sir. >> nice being with you, lori, thanks. >> much has been made in the press how zuckerberg was focused, priority on the users, and the facebook customers opposed to the shareholders. he has to turn that around, doesn't he? >> we definitely think zuckerberg and other folks of the facebook team have to do a better job of comiewb kateing the fact that a -- communicating the fact that a number of constituencies are important including

shareholders. >> what about the revenue? this has been a point of consistent concern. what does he need to say about the strategy to really impress shareholders that there is a legitimate and long term revenue potential with the company? >> well, that's obviously a very important subject. the notion of the vision and kind of the long term growth potential of a company like facebook. you know, we're looking for 25% or more revenue growth each of the next three years. clearly, there are believers, but there are a lot of nay sayers, and frankly, the way that i would try to go addressing that is to talk about the opportunity, to talk about the things they are doing. to talk about the products lunched and the results that they have garnered as a result of doing a variety of things just over the last three to six months. >> scott, do you think we have real information or answers today? this is not a real interview. he's not someone who goes out and faces the media who mights challenge him. it's a friendly interview or

friendly territory; right? do you think you'll get information from it? >> i wouldn't be surprised if we get information, me liz -- melissa. it's about giving the company an opportunity to publicly communicate in a very broad form, and you indicated it's kind of friendly territory so to speak, but that being said, the fact they are making the ceo of facebook available in this context tells us, and i think rightly so, that they need to do a better job of communicating their story, their priorities, their value proposition to a variety of constituencies, first and foremost, shareholders. >> you were at the headquarters; correct? how did they communicate goals to you? >> we were there a couple weeks ago, did a number of company visits, and i have to tell you we were impressed by the fact that the company seems to be squarely aware of the fact that there are these big picture

concerns about facebook from the perspective of the business, from the perspective of a stock, but in addition, they were very, very clear in our conversations that, in fact, the priorities right now, in terms of spending, are mobile and in modernization. those are welcomed words to people's ears. i think that that theme is going to continue as the company pushes towards their q3 report at the end of the month. >> how damaging was the lockup strategy? >> obviously, they probably could have executed on that better, but we think what they did last week in terms of flattening that out a little bit and zuckerberg not selling stock for the next 12 months, those are material positives they should highlight more. >> scot, so much information, grateful to you. >> thanks a lot, take care. >> congress is back at work, and its focus is on tax breaks, up to $245 billion worth.

they are not confident the united states will avoid the fiscal cliff. peter has more on this in washington. >> the package of tax breaks would not avoid the fiscal cliff, but the usual grab bag of so-called tax extensions that congress approves pretty much every year, big ones like patching the al ten -- alalternative minimum tax, but thanks to big time lobbyists and lawmakers from both parties who want to help companies back home, there are plenty of special interest tax breaks in the package, $78 million, for example, for auto racetrack owners for faster writeoffs of investments, and $248 million for movie and tv studios to keep production in the u.s. when other countries over deals, and deals for electric powered motorcycles to encourage energy goals. they justify all of them, of

course, and it's hard to get rid of them. >> only right before an election, last thing members of congress want to do is talk about eliminating tax breaks that others claim help create jobs. >> get this, supporters claim they did get rid of some breaks, 21 provisions including that notorious tax credit for electric golf carts. the package passed the senate finance committee 19-5, six republicans in favor, driving home the need for comprehensive tax reform. melissa? >> no kidding. peter, thank you so much. >> you bet. >> time to make money with charles' pick of the day for you, and we'll challenge him on it. you can make sure of that. >> as we head to break, how metals are trading today. gold is trading slightly higher and copper on the plus side as well. silver is flat on the day. we'll be right back.

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unstoppable, a move to the upside, and now it's really beginning to claw back. here's two things. the warnings from management, they talked about the ma crow conditions which you know. i didn't think that was news. the dollar is getting a little weaker. now, they gave guidance, and at the time, it was about $13, but as the dollar weakens and they continue to pick up. a red flag was the hotel rooms. i went through all the earnings reports and found i had to go back to the first quarter of 2008, i think -- no, 2009, before it was that low. in other words, up 39%, but typically they are at 40% or 50%. i don't think the stock is oversold here. it's volatile. it's trying to move out of the average. if it does -- >> look at the five year chart, though. >> that's just it. you become something of a victim

of your own success. any company out there operating income is 41%, gross profit 34%, the numbers are phenomenal, but the stock made a run. >> the euro at 128 and more money printed tomorrow. >> absolutely. it had a fred play. they dominate the hotel space. i like priceline for anyone who wants to buckle up and take a ride. >> they need a clever ad. >> there you go. >> thanks, charles. >> see you later. >> every 15 minutes, we check the market. nicole on the floor of the new york stock exchange watching cracks in high end retail? >> this is very interesting. take a look at burberry. the stock is down 19%, off earlier lows down more than 21%. we are looking at the name in particular for a couple reasons. they came out with numbers for

the quarter, but gave an outlook forecast that the full year profit is on the lower enof expectations. the cfo put his thoughts out there just saying it's just such a tough economy. i have to say he echoes what we've heard from lvmh, for example, the 175-year-old company across the street here from the new york stock exchange saying much of the same they are not able to give their outlook because of uncertainties. while we had great back-to-school, they are ready for the local places, the affordable places, and luxury, really, overall, hits is blip here, and what you see when you see -- coach, ralph lauren, tiffany, the names under prrk. the question is what to make of the luxury retailer going forward not seeing the sales they used to. back to you. >> nicole, thank you so much. you have not been shopping, that's the problem. >> clearly. >> you're too busy. go shopping. >> one day we should have lunch

and shop and forget work. >> i like it. almost a year i since the implosion of mf global, still no charges filed against the senior executive. could that change? who else that has that informatn other than charles. >> we are seeing a weaken dollar, and the euro firming up to 1.2865, waiting for the germman vote. we have a busy week ahead. keep it here on fox business.

>> at 21 minutes past the hour, this is your fox news minute. contract talks starting in chicago where a teacher strike is in its second day after 25,000 teachers walked off the job. it's the first teacher strike in the windy city in 25 years. the union's president says the key sticking points are performance evalration and recall rights for teachers who are laid off. president obama says the nation

is safer and people resilient on the anniversary of the inch attacks. millions gathered at the site of the attacks to read the names of the nearly 3,000 victims. new research suggested experimental alzheimer's drug might slow the formation of the plaque that clogs the brain with the people with the disease. doctors say it might work if given earlier in the course of the disease. that's good news. those are the news headlines on the fox business network. back to you. >> thank you so much. as we come on the one year anniversary of the implosion of the mf global, no charges fired yet including the ceo for $1.6 billion in customer money missing. are investigators sitting on information that points to corzine's culpability? we have an interesting development. >> peaked your curiosity. >> yeah.

>> john may have to go to jail. who is saying that? it's not me, it's not people on the congressional finance services committee who investigated him, but from what we understand, it's sources close to the investigations going on, congressional, and u.s. district attorney's office, that christine, the former cfo of mf global in the days following the imcompletion of mf global had an interesting interview with federal regulatory authorities at the cftc commodityies, and number one, they pointed to the culpability of john corzine in the missing funds saying that he knew that the money was used and that there were problems in the way it was used. that's what they told people initially, and after that, she made an interesting statement. she says she basically told the same people that john corzine

because of this might go to jail. this is interesting because this is christine, the head of the north american cfo deposed before congress, we should point out, and also the person that's basically in charge of safeguarding customer money, and initially, before congress, sidestepped this stuff. remember the testimony? she said, listen -- i think she was ballroom dancing at the exact time -- >> right! >> that john corzine and mf global was going under. she was in contact with the firm, and based on what i knew then, you know, not a problem, but she made these statements following the implosion, made them to investigators. here's what we know. cftc has the statements, the justice department has the statements. two congressional committees, the senate and house financial services committee on investigations, they have these statements. the house financial services industry will have a report

shortly about the implosion of the mf global. the statements could be democrat report, and it's really interesting as we embark upon the one year anniversary of mf global's implosion, we were first to report several months ago that federal investigators were having a hard time making a case, particularly a criminal case against john corzine, and 5 lot of people think he's out of the woods on this stuff. i will tell you based on what she said, that does not seem to be the case. we do have a statement from john corzine's office that says whatever she said in those first frantic days in her testimony before congress, she was entirely consistent with what john corzine said, namely, john corzine said he did not improperly misuse that money. i will say this. when you look at some of the testimony that went on, it's been, i guess, months of this stuff, terry duffy, came out forcefully believing there was -- excuse me, illegality that went down. i want to use the term narrowly.

illegality. what did he mean? customer funds were misused. why did he say that? he also said john corzine knew about the misuse of the customer money. how did he know that? because senior mf global executive told someone at the cme. whostles the -- who was the executive? the investigator in the meeting with the cftc where she made the statements about john corzine. >> thank you so much. >> devastated by the attacks on 9/11, losing most of the work force, but honors those lost every year on this day with the charity event where employees and celebrities make trades to raise money for organizations around the world and to-date, they raised over $7 # 7 -- $77 million, and we are on the floor now with a special guest, sandra? >> i have the mayor rudy giuliani on the trading floor that lost 658 # workers that day. this is one of many stories

coming out of a day that you led the city through. what is this like for you? >> one of the worst loss anyone counted on, the 9/11, and the ability of us to come back and build a stronger business, indicative of the resiliency of the american people. more people in lower manhattan 2-to-1 than before 9/11. that gives you a sense that the terrorists failed which was to break our spirit. the business demonstrates that, we raise money, now raising money for the wounded warriers. this tunnel of the towers foundation dedicated to a firefighter who gave his life on 9/11 running into the fire, and his family got together, established the foundation, and they raise money to build homes for our warriors who are seriously injured. >> you're raising serious money. i saw you taking a few trades over there. how did that go? >> really well. i think we raised a lot of money, but not just me, so many

people came here today to do that. in both instances, you know, counter fitzgerald and tunnel of the tower turn this into something great. >> where do we stand 11 years later? >> safer. we thwarted 40 attacks since 9/11 which should make us recognize the war is still going op. i worry about iran becoming nuclear, handing off material to the terrorists they are arming,. they are the the biggest state sponsor of terrorism in the world. i wonder if we are doing the right things with iran. they ignore us and move ahead to become a nuclear power. >> mayor, you have seen what i've seen, and have a sense of the unity we've seen after 9/11. you get that sense still today? >> yeah, remind me of the days after 9/11 where we were truly united and the enthusiasm that

these men and women in the finance industry have for helping our war yores gives me a sense that a lot of this demonization of the finance industry is garbage. these are wonderful people, they work hard, love america, grateful to the men and women saving us, and this is what typifies the new york community i knew and still know. >> this is the one day of many of what should probably happen, but we should set parties aside. we should all come together. >> of course. it was not an attack on political parties, but america. everyone responded. everyone loss someone. this is something that always has united us, and i hope it continues to. >> i don't want to keep you longer, you have money to raise, thank you so much for joining us. last words from you, mayor? >> no, but remember the wounded warriors. remember, we owe them. this is not charity.

this is -- they are owedded this, and we have an obligation. >> yes, absolutely. we'll have the wounded warriors on with us in just a few minutes in the hour. stay tuned for that. we'll have the ceo on with us, and mayor, thank you for joining us and thank you for everything you did during 9/11 and after. >> thank you, and thank you for covering. >> thank you. >> sandra, well done. up next, shedding light on solar energy and where the money in the jobs are made. >> other winners and losers on the s&p500 on this day where we have a market rally. back with more after this. we asked over 3,000 doctors to review 5-hour energy

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the government has spent over $5 billion of your tax dollars on the solar industry. so is it money well-spent in here is what president obama said at a campaign event last week. >> now my opponent said renewable energy sources are imaginary. the folks here in toledo manufacturing solar panels might disagree with that. melissa: yeah, but how much have we spent on these jobs and what are they worth? kevin green, resident scholar at aei. he has over 20 years of energy and environmental policy experience. let me ask you this, since 2009 the government has spent $5.49 billion on the solar industry and they created about 78,000 jobs. that my math that is roughly $80,000 a job. do you think that was worth it? >> well, no, since economically it is not providing a net benefit. the thing when the government creates jobs can only do it by taking money out of the productive private sector elsewhere. they transfer money from

point a to point b to create different jobs and they take their cut along the way. invariably you lose jobs on net when the government intervenes in the market like that. melissa: there was interesting article in the "wall street journal" that was saying for all the effort we put into the solar industry more than half the solar panels used around the world in this country, ends up they're coming from china no matter what we do. does that matter? >> well it matters but also not surprising at all. anyone who thought with china's lower manufacturing costs and lower environmental standards that the u.s. was going to outcompete china on the cost of solar panel manufacturing, they were living in a fantasy land. that was never going to happen. it matters because it means we're sending dollars to china we don't need to jobs are created in china rather than here with those same dollars. it cernsyly matters. anyone pretending to be surprised is just that, pretending. >> on the other hand they made the point even though the panels are manufactured in china they're creating a lot of good jobs in the u.s.

installing them as more and more people demand them. what do you think about that argument? >> it is probably true that jobs created by installing them. something cheaper here you want toe buy to make economic sense. we buy smartphones from china and asia as well. doesn't make economic sense to put in solar panels. at end of the day only reason homeowners install them or businesses install them because of huge taxpayer subsidies. melissa: that is where i was going next. i would be happy about this. it makes more economic sense if we're buying cheaper panels from china and using labor here to install them and the whole thing is getting cheaper but at the end of the day it still doesn't make more economic sense than getting your energy from natural gas and people wouldn't do it unless people get a huge subsidy from me the taxpayer through the government? >> that's exactly right. give me $5 billion in subsidy is and i will build you a buggy whip industry will have amazing growth rates at least until i run out of your money and come

back for more. that is happening with the wind and solar power sector. they're looking for money and handouts and guaranteed high-priced purchase rates and contracts. melissa: yeah. >> the thing is the subsidies eventually run out and the, what you look like a good investment is no longer a good investment. melissa: ken green, thanks for coming on. appropriate name there you have. >> always a pleasure. thanks. lori: subsidies for buggy whips. that is brilliant. melissa: chicago teachers strike continues. is it about education or is it political theater? lou dobbs weighs in after the break. lori: later in the hour why you should be concerned about the rise in student loan debt. they say this one is another bubble waiting to burst. we'll send you off to interest rates ahead of the fed tomorrow. yields on 10-year pushing up to 1.68%. treasuries are selling off as people pile into the riskier stock market today. there is the 30-year. 2.83%. back with more after this. [ male announcer ] what if you had thermal night-vision goggles,

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>> i'm adam shapiro with your fox business brief. the dow hitting its highest level since december 2007. investors hopeful the federal reserve will take further steps to stimulate the sluggish economy as members of the central bank prepare for a two-day meeting which starts tomorrow. the whistle-blower in the ubs tax fraud case gets a huge payout in from the irs. bradley bjerken felled

received 4 million from his role in that. he served time after u.s. authorities determined he with held certain information. digital domain media group, whose founders include director james cameron, list ad total debt of $215 million. total assets, 205 million. that is the latest from the fox business network, giving you the power to prosper.

lori: chicago teachers strike continues rolling into day two. the current average salary for teachers in chicago, $76,000. that is well above the other big cities. they have been offered a 16% raise over the next four years. now the key sticking points include teacher evaluations and the rehiring of teachers

that are let go. what about the kids? is this all in the best interests of the kids? who is the strike really about and is it political theater? let's ask lou dobbs. we started this conversation yesterday. that was your whole theory on this debacle. >> it is a theory that it is day by day, hour by hour, getting close to apparently the reality here and the idea that this, this chicago operation, this city, its administration, its mayor, its school system, the representatives of the american federation of teachers and the chicago teachers organization, these folks are practicing with certainly, absolute malfeasance. it is disgusting. lori: mayor getting a cue from chris christie, no? am i interpreting his performance. i know you're skeptical. melissa: you can't give him being that kind of credit. lori: he says the teachers union is ridiculous. >> which part is ridiculous? which part of this is ridiculous. lori: go on. >> 71 cents of every dollar

over the past five years in illinois, those education monies are going for retirement and health care benefits for teachers, who no longer work. teachers who no longer work, who have retired. are making 75% in many instances, of their top earning wage when they were working. now that they are working, they make $76,000 a year. that doesn't include retirement and pension. it doesn't include health care. and the average worker in the city of chicago is making $46,000 and by the way, most of those folks are required to work 12 months a year and eight hours a day. melissa: i would argue they aren't even the most important numbers. the most important numbers that 15% of fourth graders are proficient at reading. 15%? how is that possible. only 60% of chicago, 40% of

freshman, only 60% of high school students graduate compared to 75% in the rest of the country. >> i didn't know that. 40% drop out. talking about 15% being proficient. the real number when it comes to the quality of education is the fact that 52% of the students in the fourth grade in chicago are not at the basic level. leave proficient alone. 52% can't even meet the minimum standards, basic standards of reading. these teachers have the audacity and the mayor of chicago has the chutzpah to say this is for real? this is a joke. there should be no raise. there should be pay for performance. and this really has to end of the it is going to end in this country, it is not going to end well, because the democratic party is built up of a coalition of corruption as between the unions and in this case the american ted race of teachers, and local democrats who depend upon

those union dues for their campaign funds and to continue the cycle of incompetence that we are witnessing in this country that has been going on now raging truly for a half century, for his part he has been surprisingly critical against unions. >> who? lori: emanuel. i understand the point. let's talk about what is coming up tonight. 7:00 and 10:00 eastern. got a good one, lou is talking to ambassador randy fors and why the obama administration refuses to disclose their proposed cuts to defense department under that sequestration. plus he will be exploring why the city of los angeles, the l.a. city council thinks it is a good idea to turn their library card into a i.d. card. >> brilliant idea. brilliant idea. otherwise the library cards in los angeles wouldn't be used at all. melissa: right. >> also an attempt on the part of lou dobbs to bring its customary balance. we want to show not all the idiots of government are in

chicago. melissa: that's a great part. >> los angeles is doing its point. >> you go, los angeles. lou dobbs, thank you so much. as we do every 15 minutes let's check the markets. nicole petallides on the floor of the new york stock exchange watching fedex and ups. >> that's right. a winning day on wall street and winning day for these two names. now they get to expand in china. this is something that fedex has been waiting for. you can see both names with up arrows, up over 1% for fedex and almost 1% for ups. the two package delivery companies received approval to provide express package services in some cities in china on their own. that is according to the website of the state postal bureau there in the country. so this is great news for them. i think fedex actually wanted more cities than what they got. but so far so good. back to you. melissa: nicole, thank you so much. lori: cantor fitzgerald as you know lost 2/3 of its workforce back on 9/11, 11 years ago today.

today bcg partners hold as charity event to celebrate them. we have bcg partners howard lutnick. melissa: first a look at winners and losers on wall street as we head out to break. on nasdaq, green mountain coffee roasters trading up better than 5%. we'll be right back.

melissa: cantor fits compared lost most of its work force on 9/11. today the firm honors those who were lost with a celebrity filled charity event. let's go to sandra smith on the trading floor. she has ceo howard lutnick with her. >> hey, melissa. i have howard lutnick

joining me now. he is ceo of cantor fitzgerald and bcg partners. >> my pleasure. >> how is today going? >> we're staying neck and neck with last year. our objective is to go over last year. we raised $150 million for chart around the world. >> your experience is like no other, you lost 658 employees, two third of your entire company. you lost your best french and your brother. what is the today like for you? >> well, obviously going to be a tough day for me. soyuzed, raise money for charity. all my employees, they donate all of their pay. they make no money today on the busiest day of the year to help raise money for others. what we try to do is turn the toughest of days into something extraordinary. you feel the energy here. you've been here all day. isn't it extraordinary? >> it is absolutely extraordinary. the money you're raising, howard, if you don't mind walk over with me.

we're walking by howard's beautiful children. this is his son he picked up the morning the reason he wasn't in the world trade center this morning is kyle. >> hi. >> these are building homes for heroes soldiers. we have captain james byler from the u.s. marine corps here. you have chris levy, army ranger. you guys, this is what you're all about, howard. this is the entire day. you actually are opening the house that bcg partners and howard lutnick helped you get this weekend, saturday. >> yeah, absolutely. it is incredible. on the other end of all this i'm one of the beneficiaries what it all goes to. so wounded veterans such as myself need homes modified. that is what i've been receiving. this saturday is the home opening. so it will be finished yes. >> james, thank you for everything you guys have done. >> i can't say thank you enough on the other side. we served. we all volunteered and is great for us. to come home and have everybody standing behind us and get as much exposure at

events like this, it really helps us out so much. we really are thankful. >> howard, we have to leave it there. howard, i'm sure that is great big thank you. >> these guys are the best. they're the reason for everything. >> guys, that will be it from here. we'll be here next couple hours. so stay tuned. melissa: sandra smith, thanks so much. lori: so up to go. wonderful to hear their stories and howard lutnick has come so far for so many challenges years for him for sure. sharp left turn here. this is market story for you. student loan debt surpassed one trillion dollars this year. my next guest says it is growing at a rate of $3,000 per second. joining us about the student loan bubble as many are calling it is the founder of the online guide to financial aid. we're grateful to have you with us. how is it possible that student loan is growing so fast at this $3,000 per second clip? >> student loan debt is repaid over decade whereas

credit card debt is paid over months and years. so it is natural that we would have more new student loans originated each year than progress in paying back the old student loans. lori: that is an important comparison, thank you. more and more analysts are refering to this trillion dollars in student loan debt as a bubble. do you agree with that? and what do you think the catalyst will be to ultimately burst it? >> well, i don't think that there is really a bubble. i mean, a bubbles burst when there is withdrawal of the loans. many new education loans are made by the federal government. if the federal government runs out of money to make new loans, we have more problems than any kind of a student loan bubble. lori: in the situation where so many mortgages went belly-up, the bank foreclosed on the home and took the loan, right? when students default on their loans what can the bank take? this is a significant problem for the banks? >> they can't repossess your education. lori: right. >> the federal government has very strong powers to

compel repayment. they can garnish your wages up to 15%. can take income tax refunds. they can even take state lottery winnings, do you think it is a viable solution to let these loans be forgiven in bankruptcy? >> oh, i think that there's a benefit of allowing bankruptcy discharge. not just that, students who borrow too much or who have unfortunate circumstances would have a way out, a way to get a clean slate. it also would mean that the lenders would be more accommodating of borrowers who have financial distress and more willing to offer them some sort of compromise. lori: and on the education side, do you think that the universities and those institutions should be stiffer with raising, not, what is the best way to put this? not raising tuition so fast because i think that is enabling the loan problem, right? can they put a cap on tuition to help? >> well the growth in debt

is correlates with the failure of grants to keep pace with increasing college costs. so when states cut their appropriations to public colleges, the public colleges have no choice but to raise tuition. a lot is beyond the control of the institutions. but certainly more needs to be done to make sure that college remains affordable. lori: all right. we'll have to leave it there. a lot of questions left to be answered there on that topic. mark, thank you very much. >> thank you very much for having me. >> unemployment rate in michigan has gone from 14.2% back in 2009, to 8.6% today, but it could be even lower. coming up tracy byrnes and ashley webster get a first-hand look of good-paying job openings that employers can't seem to fill. interesting story. lori: look forward to that. melissa: we'll be right back. [ male announcer ] it's simple physics...

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ashley: i'm ashley webster. confidence about the fed meeting and critical ruling of europe's bailout boosting stocks, up 91 points, close to session highs. trading close to the earlier session high. gives you a sense how high the market is moving. we'll have the big winners ahead. tracy: clearly in anticipation of some liquidity. as stocks climbed back, a new report said investors missed out on billions of dollars in gains. the reason? big lack of confidence in stock mutual funds. we'll look at what if anything can rebuild investor trust. ashley: america's small businesses are suddenly more optimistic about the future. so will they start hiring? that is the big question. national federation of independent business chief economist bill dunkelberg will be here to answer those questions and much more. tracy: at we do every 15 minutes, nicole petallides on floor of the new york stock exchange. dow is up about 90 points, nicole. >> not too far off session highs, tracy and ashley.

been a pretty good day on wall street. we erased yesterday's 52 point loss. we have had triple-digit gains. we're setting new records today. the dow hit multiyear highs. highest intraday level since december of 2007. you have a lot of names hitting new highs. we'll look at some of the names leading the way on the dow jones industrial average. that would include some of the banks, financials have been doing very well. drug stocks also doing well. some retailers are faltering on the heels of a profit warning from burberry. for the most part you have alcoa, travelers, a realm of different sectors. it is not just financials but when you talk about materials and insurance and such. so we are seeing gains across the board. the vix, fear index, no fear there. the dollar is lower as the euro gains on support from germany and the your row zone. back to you. tracy: thank you, nicole. we'll see if you 15 minutes. ashley: stocks trading higher ahead of the fed as we discussed.

my next guest expects markets to sell on the news even though she thinks more stimulus will be good for the economic recovery. we have the chief market strategist of stern ag. thanks for joining us. >> thank you. ashley: right off the bat, i would argue that all qe can do is inject more cash into the banking system and can not and so far not forced banks to lend it out and can not force borrowers to borrow it. so my question is, isn't the impact marginal at best with more qe. >> i don't know if it is marginal. i do agree it may not necessarily stimulate banks to lend immediately but what it does do insures that credit is available and it is affordable so that when small businesses decide to expand and when consumers decide to borrow, that the money will be there and it will be available at a reasonable cost. tracy: but we haven't seen that yet, right? we enlisted our brilliant charlie brady to help us with this great chart.

november 25th, 2008 is when qe1 was initiated. the dow is up 50% since then. we've seen the longest period of zero growth in the labor force basically since the labor department started tracking it. there has been no growth whatsoever from all this money that has been infused into the economy. how can you justify another round of this? >> i think they will justify it by saying that the last thing they want to occur is for rates to rise. again, businesses and consumers another reason not to spend and not to expand. and you've had seen some job growth since qe1, but again, there's not the willingness out there and, so the fed doesn't want to be the one that everybody points the finger at and says, well, we wanted to do something but it was too expensive and credit wasn't there. ashley: but you know, the whole reason we have qe is because the economic data continues to be weak. so yes, the rates are low but what is going to, you

know, why is small businesses going to want to expand and hire because, you know, it is a vicious cycle that we're stuck in. they're not going to expand until the economy gets better. >> right. the economy doesn't get better until confidence is restored and there is willingness out there to grow. so we, unfortunately are missing half of our link here or, working with one hand tied behind our back. that is, we don't have fiscal policies to encourage and stimulate growth. and until you have both of them working together it will be difficult for somebody to step up and say, you know what? rates are low, prices are affordable and i'm going to spend. tracy: right. makes absolutely no sense therefore to put money into the economy and kill our dollar further and increase debt. speaking of debt, you like corporate debt of financials. quickly before we run out of time, how come? >> i think that corporate

debt right now is a solid investment for those who are looking for income and yield and i think the financials will benefit going forward because the situation in europe seems to be improving or at least, the governments there are taking steps to improve it. i do think our economy will slowly improve, but the key there it is going to be slow, 1 1/2 to 2% gdp. ashley: we've already seen that. thank you so much, sharon lee stark, for joining us today. we really appreciate it. >> thank you. tracy: i don't know. all right, well there are 600,000 high-paying engineer jobs in the u.s. that companies just can't fill because they can't find skilled workers according to a new report. one group facing a big shortage is the auto suppliers. jeff flock is at duro automotive in plymouth, michigan, with more. i was an engineer at one point, i got to tell you in college i think the curriculum is what kills

you. >> you should have stuck with it, tracy. you would be in high demand here. you may be in high demand here anyway. you are watching an oven module being built for the chrysler company right here. this is part of the paint system. we're at duro automotive. can not find enough engineers and enough high-skilled workers to do what they have to do. putnam members up, because i think it is shocking when i see 600,000 jobs are currently unfilled in the automotive, not just the automotive industry but engineering and high-skilled jobs. i have the president here. bruno, tell me why it is such a problem? >> people left the industry in the downturn and now just difficult with high demand of work to get people back into the state of michigan. >> you had a recovery in this industry. as you hear the pounding taking place and we see the guys over here welding you had such a rapid recovery you can't get people back. >> that's correct. if you see, we nearly

tripled volume of work and demand, not only in durr and engineering demand is so high, we can not fill all positions. >> look at stocks, the automotive stocks because we put the automotive supplier stocks up as well. they're all doing well. everybody has great business. i see the director of hr here. becky, you're just trying to attract people to engineering. tracy says she was engineering student. she became tv reporter and anchor. you're trying to make this sexy for people again? >> we need to be creative to attract engineers. we have less than 2% unemployment amongst engineers. that makes it really hard to fish in the pond so to speak and find good engineers. again, we have to distinguish ourselves and, attract people to durr systems. >> i see. there you go. tracy, you and becky, perhaps, engineering futures. we expect guys like bruno to be doing a job but maybe need more women in this

field? >> i will get my girls in. math and science, jeff flock. thank you very much. ashley: you said you had to take things like soils and -- that was killer right there. >> straw that broke the camel's back, my schedule said soils. i couldn't imagine studying that for entire semester. i went liberal arts. here we are. coming up charles payne weighs in a stock that has been on a tear since june. ashley: new warning for the united states. moody's says its aaa credit rating could be in danger. we'll have details on that. as we do at this time every day look how oil is trading. inching higher. 50 cents. right around 97 bucks a barrel. [ female announcer ] need help keeping your digestive balance?

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ashley: that time to make money with charles payne. this hour he has a dirty fingernail stock for your portfolio. what do you have now? >> we have to give you one or two of these each week. not sexy this week. ashley: we'll be the judge of that. >> whiting petroleum. what, i can feel the heat already. whiting petroleum, oil and gas, domestic play. they have got a nice beachhead if you will up in the bakkans up in north dakota. really it is in the rockies. they have a tremendous amount of production going on there. they think they will probably drill 257 gross wells this year. gas going up. i don't think nat-gas goes

much lower. so you have nat-gas, tremendous there in some of the by-products there. the stock is acting pretty good. starting to come on here. we have momentum in the chart. you can see where it is really beginning to turn that corner, breaking out through 50. i'm looking at at least 10 to 15% move. maybe there you could see some resistance but the stock is relatively cheap. ashley: might move on the fed decision. >> it could. all these sort of stocks have done very well in the last few days, last couple weeks actually, leading up to this anticipation. tracy: charles, a lot of people say there is oil and gas boom going on in the united states and we're missing it. what do you think of that? >> we're not missing it. i hope we don't kill it. i hope a second term if president obama wins because you if listen closely to the speech at the dnc, with oil companies polluting our kids, in other words when we talk about a tough price to pay, to me what the president might be saying, if we want clean air we may have to pay $8 a gallon and cut back on some amazing opportunities like fracking has brought to

us. ashley: that is frustrating. so much of this resource right here. >> pennsylvania, that marcellus shale is the prime example of that they're making over a billion dollar a year in tax revenue for pennsylvania. 100,000 jobs plus every single year. it is an amazing, amazing thing absolutely. tracy: where do you buy the stock, charles? >> i buy it right here? breaks out at 51. first target is north of 55, possibly even $59 if willing to hold it. i like this a lot. on the downside, 45 is a key support point. if it pulls back there i start to reevaluate. not necessarily panic but we'll have to go back to the drawing board. ashley: sexy, very interesting. good stuff, charles, thank you very much. >> see you, guys. tracy: the vatican is stepping up efforts to fight financial crimes. that's right. believe it or not they have hired a swift anti-money laundering expert who help with the fight against money laundering and terrorist financing. for eight years he was head of lichenstein financial

intelligence unit which analyzes information on suspect transactions. two months ago the vatican passed a european financial transparency test but it actually got poor grades for its financial watchdog agency and its bank if you can believe that. ashley: holy smoke and mirrors. tracy: the holy see. ashley: is there swiss investigators you say? those pantaloon things. transparency is good thing. tracy: especially on your pants. ashley: my god, get me out there. as we do every 15 minutes let's check the markets now, nicole petallides on the floor of the new york stock exchange. nicole, get me out of this. been a day for the luxury retailers. >> let's focus on luxury retailers. we're looking at burberry down 20% all day long. that is because they have decelerating seas. more importantly they give outlook extremely weak. it is on lower end. full-year profit outlook

will be on the lower end of the estimates that is why you are seeing the stock down now. right now, this second, down almost 18 1/2%. it has been weighing on a lot of retailers. we've seen coach and ralph lauren, also to the downside. this comes on heels of coach that got a downgrade recently. and her meez, another luxury retailer. louis vuitton parent, much of the same. we have good back-to-school season for normal type retailers, the luxury guys are getting hit hard today. back to you. ashley: thank you very much, nicole. we'll be back within 15 minutes. tracy: who buys burberry anyway? funny little played. small businesses are going confident confident about the future but they are still not hiring. will that change any soon? bill dunkelberg will weigh in next. ashley: he is the dung. first is how the dollar is

moving against some of those currencies. hmmm. euro moving up, certainly above 1.28. so the euro coming on strong. we'll see what the dollar does when the fed makes its announcement on thursday. we'll be right back. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's anothereason more investors are saying... [ all ] i'm with scottrade.

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with your fox news minute. ceremonies marking the 11th anniversary of the 9/11 attacks are being observed. family members read the names of nearly 3,000 victims at ground zero. president obama and first lady michelle laid a wreath at the pentagon. vice president biden delivered remarks at the flight 93 service in pennsylvania. benjamin netanyahu says the u.s. forfeited its moral right to stop israel from taking action against iran's nuclear program because it refuses to be firm with the country. note yaw hue said -- netanyahu said the obama administration refused to be set a boundary for their nuclear activities. >> president of the teachers union isn't as optimistic saying that the district hasn't budged on the issues of performance evaluations and recall rights for laid off teachers. those are the headlines on the fox business network. ashley, tracy, back to you. tracy: thank you, juliet. kids have to get back to

school. ashley: they're the wins losing out. tracy: they are. ashley: u.s. small business sentiment rising in august for the first time in four months that is encouraging, according to the nfib latest optimism indes. what is giving business owners hope and does this mean they will begin to hire? the nfib chief economist, bill dunkelberg joining us now. so, i guess, to begin this, bill, thank you for joining us firstly, and also what is this optimism based on? >> thanks, ashley. well it is based on 10 questions we asked a random sample of nib's 350,000 firms every month now. we ask them about hiring plans, job openings hard to fill, inventory investment plans, capital spending plans and expectations about business conditions out six months and whether they think sales are going up and down. how are profits? we ask them 10 questions and put an index. average value through 2007

was 100. we're a little under 93 right now. so we're kind of off the average, and certainly not typical of an expansion reading. ashley: small business is usually the first to see an improvement in the economy. what are they telling you? >> that's true, you know. if, gm doesn't get the message until a gm dealer says hey, we're selling more cars, so make a few more for me. the usually small businesses see it first. we looked at their reports of quarter on quarter sales trends and we have far more firms telling us that quarter on quarter sales are headed down, rather than up. they're confirming what the government has been kind of telling us, that is, that consumer spend something really pretty weak. that means of course if you're not having more customers you have no need to hire and no, surprise, we're not hiring. ashley: is there a concern that perhaps businesses have gotten used to operating with fewer employees? that is kind of a hard, habit to get out of? >> well, no, i don't think that is the case.

we know that we have to take care of customers if we want them to come back. as soon as more customers appear we'll hire people to take care of them. but you know, when you hire somebody you have to kind of make a bet that they will be able to bring enough value to at least pay for what you're paying them. so you can break even on them. right now those prospects aren't so good. very few owners relatively expect their real estate sales -- real sales to go up the next three to six months. no need to hire right now. ashley: bottom line. a lot of uncertainty. presidential election coming up. we have questions where the tax policy going to go. health care costs. got the fiscal cliff, so on and so on. clearly that has to create a lot of concern for the small business owner. so what are they more optimistic about, an obama administration or a romney administration? >> well, you know that, i can't really tell you because we don't have really any data on that. we don't know how many hours and how many rs and how many ds they are in the membership and we don't know

exactly what their view is but what we know their choices are not really good. the election odds as you see right now is 50/50. if i have a flip of the coin chance of having two very, very different outcomes. ashley: yeah. >> whether the president is reelected or whether mr. romney is elected, and when you have those very disparate outcomes, you don't put your money on the table on the flip of a coin. ashley: right. >> you keep your powder dry which seems to to be what businesses are doing. wait to see white is and then decide what to do. ashley: hopefully the picture will be that much clearer soon. bill, thank you so much for joining us. we really appreciate it. >> thanks, ashley. always a pleasure. tracy: speaking of pictures, ash, digital revolution, taking another victim. ritz camera and image going out of business after 94 years. the chain couldn't find a buyer in bankruptcy auction. now the retailer will close its remaining 137 stores, following its second bankruptcy in three years. the company was once the

largest chain of specialty camera shops but it struggled in recent years as consumers shifted toward digital photography and photo sharing. i don't have a camera in my house, other than --. ashley: ones on your phones. i do but don't use it very much. just you use the phone. so good these days. tracy: maybe i do have one but clearly doesn't have a battery. ashley: just go with the phone, tra issy. tracy: there you go. ashley: american airline attendants lining up to quit their jobs. why? for a price. gerri willis tells us how much they're getting next. tracy: here are some of the winners and losers for s&p 500 as we head out to break cliffs natural resources a big fan of charles payne hey! did you know that honey nut cheerios

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s the dow actually climbed to its best intraday level in nearly five years, and youtube releasing a newly-designed app for iphones and ipads as google and apple fail to renew a deal that made youtube preinstalled on apple gadgets in the past. how it could impact apple's highly anticipated launch tomorrow. you know it's coming tomorrow, right? and cantor fitzgerald remembering hundreds of employees killed on september 11th, this, of course, 11 years ago today with a special charity event, and we are going to take you there live. sandra smith has been down there all day. ashley: great cause, of course. it is 30 past the hour, let's get a check on the markets as we do every 15 minutes.

we've been in the same range for a while, up 90 points, nicole, on the floor of the stock exchange. >> reporter: yeah. as you noted, up 93 points, basically hovering not too far off this plus-90-point mark, jason, where we've seen the dow hitting multiyear highs, highest levels since december 2007. what do you think about it going forward? >> i love it, as we discussed. i still think the market closes at the 14,000 level on the dow at the end of the year, by year's end. as long as we can get through this election cycle without many hiccups, i think we're there. 14,000's easy. >> reporter: what's going to drive that? >> i think a focus on the economy and, certainly, once politicians aren't so concerned about preserving their own job security, they can focus on the economy again which will only bode well for the markets and all the companies that make up the markets. >> reporter: what do you want to talk about, apple? tomorrow's iphone? or the election, what's better for the markets? you pick.

>> well, apple i'm long, i don't want to talk about it, i'm excited about it, and i don't want to talk about the politicians. i just think it's a really beautiful day out weather wise, and it's very apt as it's 9/11, and i think the markets are responding positively to what was once a tragic event. >> reporter: thank you, jason. back to you. ashley: thank you, jason and nicole. >> american airlines employees are taking a buyout, why so many? gerri willis with us now. it's better to be a post office person than an airline person? [laughter] >> look, the reality here is i think people are worried about the future of the airline and what's going to happen next, so in that case you might want to consider taking a buyout offer. airline attendants are being offered $40,000. a word of wisdom, remember, you're going to get taxed on this, so at the end of the day,

it's not $40,000, it's probably $20,000. ashley: it's just income. >> it's just income, that's right. a lot of things to consider if you're forced to deal with this kind of situation. how old are you? if you're over 50, this economy is not rewarding workers in that age category. you want to think about are are you on the verge of moving anyway? situations where you're offered a buyout, it might make sense. remember, you can negotiate the terms of your buyout offer, you don't have to just leave it at that, particularly if you've been a valued employee. ask for more health care, can you get a few additional months after you leave, how it might effect a bonus you might get at the end of the year. if it's a large payout, you want the schedule it over several years so that the tax spike is less. tracy: >> these guys are looking at $40,000, to your point, after taxes it's maybe 25 grand. do you think it's because many of them think they're going to

be pushed out anyway? >> i don't know if you've been on american, but i think a lot of those people are close to retirement. [laughter] maybe they're thinking might as well go now. and what's more, in a lot of these cases there's one buyout offer, there's many over a period of time, and sometimes they get better and better because the company is desperate to shed workers. ashley: yeah. >> so you have to have a sense of what's going on. ashley: it's a gamble though. tracy: jerry willis, what have you got tonight? >> ann coulter tonight, we'll be talking about the chicago teachers' strike, and i think this 9/11 story is not getting the attention it deserves. the morning shows, some of them didn't pay any attention to it, they were doing celebrity interviews instead, so we're going to take them to task, we're going to talk about that tonight. ashley: all right. tracy: 6 and 9 p.m., "the willis report." thanks, gerri. ashley: moody's is warning the u.s. it could lose its aaa debt rating. elizabeth macdonald with e. mac's bottom line.

>> that's right, tracy and ashley. moody's is saying it will likely downgrade the u.s. by one notch if the u.s. lawmakers down there in washington, d.c. don't get their act together on the federal deficit can which now surpasses 100% of the nation's economy. the u.s. economy's only growing, you asked this earlier, by less than $260 billion a year. now they've got $16 trillion in debt. there are two things that moody's wants to see out of washington, d.c.. first of all, what's happening is they expect that the u.s. will hit the debt ceiling by the end of the year, and after that the u.s. congress only has a few months to scramble to get money in the door as the nation starts to run out of money. they want to see stabilization out of d.c. policies on the debt, and they also want to see going on a downward trend. house speaker john boehner did put out a statement, he's saying he is not confident that the u.s. will be able to hit the budget deal by the end of the

year to avoid a downgrade. he's saying the senate needs to act, and the president needs to show leadership. i've got to tell you something, this falls in line with what s&p did a year ago, and now moody's possibly may move by the end of next year to downgrade the u.s. one notch meaning aa+. we saw the u.s. dollar really get stung, it got hurt in trading earlier in the day, it was trading at about 1.28 to one euro, and the ten-year treasury did move higher to 1.69%, but that still is a very low yield meaning that investors around the world continue to come into the u.s. buying out treasuries which keeps the spending going. ashley: it is the safe haven, you're absolutely right. elizabeth macdonald, thank you. tracy: all right, we have breaking news from our friends at fox news. president obama will not have time to meet with israeli prime minister benjamin netanyahu when he comes to america. the prime minister will be in

the states thursday and friday to speak at the u.n. and has asked to meet with the president, saying he's even willing to travel from new york to d.c., but the white house says the president's schedule is too tight. ashley: i have a feeling that's going to change. tracy: i would hope. we'll see. coming up, though, investors have been aggressively pulling their money out of stock mutual funds. now one strategist says it's cost them more than $50 billion in missed returns, he's going to join us next. ashley: but first, let's see how those 10 and 30-year treasuries e. mac was just talking about, the ten-year actually up three basis points but still low compared to most around the world. the 30-year treasury also moving slightly higher, 2.84%. want to try to crack it? yeah, that's the way to do it!

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ashley: breaking news, oil closing up at $97.17 a barrel. oh, by the way, that puts it above the 200-day moving average for the first time now in three weeks. tracy: we're going to feel that at the pump, probably. well, the s&p 500 is up more than 40% over the past three years, and our next guest says investors continue to pull money out of stock mutual funds leaving billions of dollars on the table. joining us now, mick colis with the converge x group. all right, nick, the numbers are

staggering, so tell us quickly. >> even though the stock market's up 40% from the bottom three years ago, mutual fund investors have taken out $347 billion from u.s. equity mutual funds, the very asset class that's going so well over the past three years. tracy: why? >> there's a combination of factors, partly they don't trust the volatility of the markets, but even as we've had a steady pace of improvement, they're still worried about things like the flash crash 18 months ago, they're worried about various ipos that we know have not gone so well, they're worried about market structure issues and their own pocketbooks and risk. tracy: much of this money has gone into bond mutual funds, and now i guess maybe there's a lack of knowledge that bond funds can be just as risky if not more because of interest rate risk. >> yeah, you raise exactly the right point. the sec and a variety of folks have done surveys to ask

individual investors do you understand when rates go up, bond prices go down? only two in ten investors really understand that. bond funds are not risk-free. tracy: i think there's a misconception that the price i bought the bond at is locked in, nothing will change, but that's just not true. >> that's right. particularly the bond funds or bond etfs where that price is going to move around regardless. if you own a single bond, the pathway between now and then could be quite volatile. tracy: i look at my mom, her generation, you put money in bonds, and you waited. i had an uncle who was 97, and he bought gm bonds right before hedied. this is what that generation did, right? >> folks that are 55-64 are also thinking about reallocating some of that equity they owned for the past 20 years into bond funds. tracy: is the argument there are actually equities that are safer than bond funds?

>> a lot of folks look for dividend-paying stocks which you can buy etfs for single stocks that'll pay some dividend, but, again, you're susceptible to that stock market volatility. tracy: until these bond funds start to break down, which no one is seeing happen anytime soon, people are not going the pull their money out of bond funds. >> the behavior we saw after the financial crisis shows people only respond later, so i think you're right. we're going to see the bond market volatility before that money might come back to equities. tracy: and do we expect that anytime soon? fed keeps interest rates really low, interest rates haven't been moving at all much really. >> that's right. no, i don't expect we're going to see much volatility through next year, plus it's still a very sluggish, weak u.s. economy. tracy: nick colis, thank you, sir. >> thank you. ashley: that is a bummer. to put it technically. tracy: it is. i learned that in high school. [laughter] all right, it's quarter to the

hour, time for stocks, we head down to nicole petallides on the floor of the new york stock exchange. nicole, you're talking about some of charles payne's favorite stocks today, aren't you? >> reporter: oh, yeah, coal, iron ore, these are some of charles' favorites. you do see a lot of up arrows, we should since the stock market's been doing very well today. you also have on the heels of all of this commodities doing well because of the $150 billion infrastructure plan over in china for rails and roads and such, and so the group is doing well. oil here, 900 days -- 200-day moving average for the first time in three weeks above that, it was $96.61, here we are right now in after hours $97.05, so pushing through key resistance. commodities continue to move higher, also a lower dollar and waiting for fed stimulus, so there's a lot of balls in the air for commodities in particular which are, obviously, very, um, temperamental

concerning the dollar and such. back to you. tracy: and, yes, cliff loves it. ashley: google, by the way, taking action a day before apple is expected to launch its first device without google's youtube app preinstalled. dennis kneale joins us with more on this. >> the clash of the titans just keeps on giving. millions of youtube fans just got caught in the cross fire. google's youtube has graced the apple's iphone since 2007, but youtube will be conspicuously absent when apple unveils the iphone 5 tomorrow. so google has a new youtube app, you can download it for the newest iphone, and for the first time you're going to have to put up with preroll advertising. that may irritate some of the millions of mobile youtubeers who download a billion videos a day, but it opens up thousands of apps supporting youtube channels and videos.

lady gaga videos had been unavailable on the iphone because apple had banned any youtube ads. they used to be pals, you know? google's executive chairman and former ceo eric schmidt was even on the apple board, but when google introduced the android mobile system with the express intent of breaking apple's dominance in smartphones, they went to war. so far apple has sued samsung and other android users, they won a verdict for patent infringers last month, apple has banned google maps from its iphones and now it's excommunicated youtube. meanwhile, google has taken on the iphone by buying motorola mobility, it started i tunes -- itunes rival, so far apple has not sued google itself over android, and that may because google gives away android free of charge, so any patent damages might be negligible.

ashley? ashley: well, there you go. interesting. coming up, cantor fitzgerald paying tribute to its 658 employees killed on 9/11, 11 years ago today, can you believe. we'll take you live to a charity event in their honor next. tracy: but first, dow's up about 77 points, let's look at some of the winners on the nasdaq as we head out to break. research in motion up, how about that? is

tracy: it's been 11 years since the tragedy of 9/11, and on that day trading firm cantor fitzgerald lost two-thirds of its work force, and every year it holds a charity day to help give back and honor those lost on 9/11. sandra smith joins us live from the event. she's been down there all day. hey, sandra. >> reporter: hey, tracy, hey, ashley. yeah, it's a huge day here, a huge day for cantor fitzgerald and bgc partners, a day where they really give back to the families and the victims of 9/11, and actually, i mean, some of the stars that have come through here, we have some of the biggest, jerry mariano, she's gorgeous -- >> absolutely gorgeous. >> and 50 credibility, curtis -- >> as long as she's in the frame, i look good. >> reporter: oh, my gosh, what brings you guys here today? >> it's exciting. this is an amazing cause. you know what i mean? we turn tragedy into hope,

that's what we do by bringing forth positive energy, and it's amazing. we get a chance to have finances donated to 100 different charities, so i'm here on behalf of g unit, i started the foundation five years ago to provide cash to underprivileged. >> reporter: and are you doing some trades today? >> up about 500 million. trades moving around. >> reporter: i know, i had to tear you around. jerry, i'm sure i've got to put you back to work shortly, but you're here, too, on 9/11. what does this day mean for you? >> i have been in new york for ten years now, and every year the anniversary comes up you feel it all over again, and surprisingly it's a day of, you know, uniting everyone. not just in new york and america in general, and it's very special. >> reporter: i heard you were a real, you know, you were really professional, you made a trade. i heard you did a great job. sounds like it came naturally to you. >> it was really intense.

>> it did. he didn't have a chance. that guy on the phone, he didn't have a chance. >> reporter: do you know who it was with? >> he didn't know who she was. >> reporter: 50, aside from being a musician, your a major business entrepreneur right now. >> yeah, i've been working on some projects, i partner with the united nations world food program, provide a meal to -- >> reporter: you're busy. and real quick, can i show something? look at 50 cent's shoes right now. [laughter] we're going to send them on their way. i won't ask you to model walk off, but you guys head out, go make some trades. guys, i'm going to step out of this picture right now. >> [inaudible] >> as long as 50 does it with me. >> reporter: there are stars all over the place. [laughter] all right, guys, we're going to hand it back to you in studio, we're going to keep trading here.

[laughter] tracy: donating their day's salary to charity, awesome. ashley: 50 cent is happy with his partner in that interview, isn't he? i think so. listen, the irs already handles collecting revenue, auditing taxpayers, prosecuting tax evaders, and now the agency may be forced to oversee the tax implications of the new health care act. is it too much? rich edson in d.c. with more on the story. >> reporter: yeah, already has the considerable responsibility of administering the current tax code which the former commissioner describes as grotesque, compulsive and needlessly complex. on op to have that -- top of that, there's the health care law. the former commissioner says the irs can administer the law's responsibility tax, but the way congress wrote the individual mandate makes it incredibly difficult. >> and when you get sick, you can buy an insurance policy because there's no pre-existing conditions, so you can save

$2600 a year until you get sick. that is going to happen for sure. so, yes, of course. and i think that that's just human nature. that's, i mean, you see nothing but human nature if you're running the irs. >> reporter: and that would mean a major hit for insurance companies. republicans say handling the health care law is just too much for the irs. the irs says it can handle it. back to you. ashley: yeah. i guess we'll find out. rich edson, thank you so much. tracy: if you want to profit from the online shopping boom without investing in am, stay tuned for the chairman of -- [inaudible] cheryl casone takes us through the last hour of trading. countdown to the closing bell is next. 4g lte has the fastest speeds.

so let's talk about coverage. based on this chart, who would you choose ? wow. you guys take a minute. zon, hands down. i'm going to show you guys another chart. pretty obvious. i don't think color matters. pretty obvious. what'sretty obvious about it ? that verizon has the coverage. verin. verizon. we're going to go to another chart. it doesn't really matter how you present it. it doesn't matter how you present it. verizon. more 4g lte coverage than all other networks combined. ♪ cheryl: hello, everybody, i'm cher