official, lerner. time for stocks, drifting lower. we checked these articles every 50 minutes. that set down to the floor of the new york stock exchange wit gary l. nicole petallides. on averages. >> reporter: a month of gains, and now we're seeing a weekly loss. this to be our third game in a row to the downside. we have been in positive territory. today again now it is looking lower at the moment down a quarter of 1% 15,259. robo of 15,200. procter and gamble, the clear winner. that will help stay near the en changed line. adding 24,000 positive dow points as they bring back someone to run the company.

immediately in the midst of a major restructuring. jumping on board raising from a buy. 8183. a gain of 4%. a few other names in the dow. up arrows. drugs allow banks to my transports tomorrow's services, all down arrows. commodities. ashley: thank you so much. it. tracy: ready we go from here? stocks still significantly cheaper than they were back in 2007 and is a reason to buy. chief economist at first trust joins us now. what is your take on the health of the market and where we are heading? >> i am happy that the market i down. we never go in this headline.

the market was inevitably undervalued. rethink that they could be wort 20,000 even if interest rates g up from here. so, you know, the bottom line i this market is still cheap. it is cheaper today than it was three years ago. we are telling people to buy if we get as sell-off over fears o fed tapering. don't worry about it and wait until the market falls. tracy: what happened with the fed and bernanke. all kinds of mixed messages. what do you think now that you have had a couple of days to digest it. will we see this tapering in september? some fear it would happen as soon as june. >> had not know when it will happen. it will probably start sometime this year. they go in baby steps. okay. we will not buy any more we wil only buy 40 billion a month instead of a. then ten. then it will run by. and we will stop investing

interest payments and principal repayments and then we will let things roll off. maybe even sell some securities. and we're going to get to the great hiking, and that is all going to take place over the next 12-18 months. i personally do not believe people should be overly worried about this. u.s. corporations are more profitable than they have never been. productivity is rising. the economy, it is not booming. we call it a plow horse. tracy: i was hoping you would get to that description. yet made a name for yourself. plow horse verses -- >> that is okay. big, honking, thick legs. it may go slower sometimes. it may stumble a little bit, bu it is not going to stop. and everyone knows that the fed has done ind eventually.

tracy: everyone is also really concerned that the big argument for the bull market is that the fed has created this was the fact that because rates are so low everyone is going into the stock market, so why not use th psychology of that, the fear of the fed backing and manipulating the markets no longer which alone could cause sell-off. does that at all secure 40,000 outlook for the dow? >> it doesn't. and here is something. it is kind of a complicated thing to get into about monetar policy. let's just say that quantitativ easing, tampa and all this mone is flying around in helicopters people taking the money had bee buying stocks. that is essentially what this argument is. if that is the case them price-to-earnings ratios would be rising. the price of the chop to the stock-market will be going a because there's all this-.

nothing to do with earnings are economic growth. lower todayythan they were en 0 or early own mind. lending to -- what i am getting to is that you not think that q has german stocks. tracy: thank you for joining us. >> thank you. ashley: the latest cyber threat. iran hacking u.s. energy companies by gaining access to network software threatening th flow of oil and electricity to run this company. according to a report in the wall street journal. cbs -- ceo of cyber security firm in unity. how real is this threat? >> of very real threat. one thing that the iranians are quick to point out is that this is just a threat. it is not an actual disruption

of our oil, gas, or power, whic is something that they have seen . if you remember, quite a few attacks subject -- against the oil infrastructure that have been damaging based on cyber attacks to man these a this or that they're seeing and saying, listen, i it is not necessarily fair to point out that because we have gained access to your suffering the same sort of things. these reports are all from my name officials, not from actual government broadcasting. ashley: very concerning. okay. we know that they have launched these denial of service attacks on banks and been successful. we are talking about critical infrastructure, situations that could really bring this country to its knees in many respects. how can they so easily get into that software? cannot rebuild something that builds -- can we build some the best of his can of a tax?

>> the short answer is, no, e can't. the longer answer is there have been efforts on both the house and administration side to really push forward and set criteria that power and oil and critical infrastructure companies have to abide by and ordered to run which would help prevent a lot of these sorts of attacks or at least enable the government to sort of better defend our critical infrastructure. none of these efforts have gone very far. you have seen the threat, pushing hard for anything else to pass. and last year adjusted not happen. this year they're trying again. honestly i don't personally believe it will happen. this is why they're doing it. the iranians pose a real threat. in addition to their 3 conventional attacks, the invested quite a lot in cyber offense. this is something that, you know , the government is worried about for exactly these reasons.

tracy: -- ashley: their nuclear program was acting to, so should we hacked back? should we retaliate? is there any point? >> in a sense it is a little bi like a chain-smoking father telling his kidnap to pick up that first cigarette. we have come public about our ability. the united states has been a little bit fuzzy about where th line really is. we are saying there is a line here. you're kind of crossing it, we will tell you exactly what the response will be, and we won't tell you exactly where the line is. frankly, that will cause that kid to smoke. i don't necessarily think -- their part of what you're referring to, frankly, avast response to this kind of behavior. you're not going to be able to discourage the chinese from

hacking into u.s. corporations by having, you know, random fortune 500 strike to hacked back into their corporations, and there is really not a lot that they can do in terms of effective response from an offensive perspective. as much as it feees good to enable people to do things. ashley: just be a victim. >> victim is where they are. ashley: we are out of time. thank you for joining us. we appreciate it. thanks.roblem. tracy: and fox business is continuing its in-depth reporting on the cyber threats. >> the users of twitter are not just rights is user's command everyone is cognizant of the fact that the social psychological influence in the mainstream media as well as in the public at large. and so i find it quite elegant, if not ingenious for someone to attack the ap twitter account %-tracy: how about unsaddling. just a little snippet of our

memorial this special at risk. our team sat down with some of the leading experts in the cybe arena. it ginger reading to that special. he joins us now. >> is really spreading. you have a higher number of players on the stage. we're told that china has overseen over 100 attacks. emerging markets. now iran. interestingly china goes out to the stuff that helps it grow money and profit. they just want to wreak havoc, checking if it can take down a nuclear power plants in the u.s three more players, but you hav more back doors that never before. this gatt talks about the twitter, that has clashed as it came to be known. elegant, if not ingenious. it is kind of ingenious. twitter has just installed a ne security system, second follow-up verification. this after 8pm burger king and

sheep and stars and everything. the question, is that going to be enough to back the thing is, this has been a problem for ove a decade. we rode a big cover story morning that this was coming. you have this bermuda triangle of vendors to make this stuff, people who buy it, and government, and everyone else i pointing to everyone else sayin it is up to you to spend the money to fix it. you have to wonder whether we need an attack and an infrastructure system before this nation will wake up. sometimes we don't respond fast enough. tracy: a brilliant way to put it , the bermuda triangle analogy . ashley: good stuff. tracy: you can catch more of th reporting monday at one and 4:0 p.mm eastern right here. ashley: paying tribute to those who serve this memorial day weekend. the surprise guest for one grou of iraqi war veterans. we are there live. tracy: it could be a really goo

surprise. nearly 35 million people will travel this memorial day weekend . 31 million by car. ahead, how much your road trip across to. ashley: the man behind the application that is changing th way you get your ball park concessions to it. tracy: us check that trade on metals as recently to a quick commercial. time to pay the bills. gold and copper, rosy economic data today. back after this. ♪

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[ male announcer ] at visa signature, every upgradedxperience comes from listening to our cardholders. visa signature. your idea of what a card should be. ♪ tracy: bring you back to the markets. a : floor of the new york stock exchange, and you're watching another big move. >> reporter: and this is one to the downside. taking a look at abercrombie an fitch. the teen retailer coming under pressure right now, down about nine and a half percentage. been pretty busy. 4916. at the moment. they came in with sales numbers

that were a disappointment. the big picture here is that they reported a steeper than expected drop in the first quarter, sales and blamed inventory shortages. they slashed their profit forecast, so that is not good news. hollister, which is under the umbrella, particularly weak which was another part of their weak quarter, but as i noted, the outlook there is less than expected. but it all together and get a just under 10% drop. ashley: now to the latest on th irs scandal. lois lerner was placed on paid administrative leave after refusing resignation, which means, of course, we are all footing the bill. rich edson live in washington d.c. with the very latest on this. >> reporter: a new acting commissioner at the internal revenue service and the new acting director of a cent organizations. federal taxpayers are still paying for the old director. lerner on paid administrative

leave after heard in the division targeted by conservative groups applying fo tax-exempt status, but, many of which say applications are stil stuck. refusing to answer questions at a hearing claiming she did nothing illegal or wrong. senator chuck grassley, republican from iowa, says it i his understanding that the new irs commissioner had requested the resignation of lerner and she refused. now on paid leave. in a statement the irs owes it to taxpayers to resolve the situation quickly. the agency needs to move on to fix the conditions that led to the targeting a debacle. she should not be in limbo indefinitely on the taxpayers' dime. she refused to testify this wee but lawmakers contest she is still on the hook. a spokesperson for the house oversight government reform committee, the chairman says after consulting with counsel, the chairman has included that the fifth amendment assertion i no longer valid. she remains under subpoena and the committee is looking at recalling her for testimony.

if so, it will be next week. congress is on recess until gen. back to you. ashley: could we see criminal charges? tracy: still investigating this. says it is too early to tell. his report says investigators are still looking into who specifically develop the criteria that the irs used started conservative groups. the department of justice is investigating, and there are also a handful of congressional committees doing the same, looking for more information to come out about this. ashley: well, we shall see, as they say. thank you so much. tracy: treasury bonds briefly stunned by that better than expected durable goods report today. market investors are stepping in . up next on whether or not the recent fund sell-off was enough to. ashley: and the starving artist new outrage. tracy: check the dollar and how it is trading again. other major currencies, kind of a mixed picture with the dollar

strengthening and gains the euro . the dollar is weaker. it back after this. i'm so gd you called. thank you. we'rnot in london, are we? no. why? apparently my debit card is. what? i know. don't worry, we have cancelled your old card. great. thank you. in addition to us monitoring your accounts for unusual activity, you could also set up free account alerts. okay. [ female announcer ] at wells fargo we're working around the clock to help protect your money and financial information. here's your teorary card. welcome back. how was london? [ female anuncer ] when peoplealk, great things happen. ...amelia... neil and buzz: for teaching us that you can't create the future...

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>> at 22 minutes past the hour, your fox news minute. suspicion of endangerment of an aircraft. the flight was deserted by british fighter jets. british security officials said that the in lamented not appear terror related but the investigation continues. and people have been injured. a shuttle bus and that tractor-trailer. no word yet on the cause of the accident. and washington governor has declared a state of emergency i the three counties around the blast interstate five bridge, 71,000 vehicles use the braze daily and authorities say it collapsed after an oversized truck struck an overhead portion . those are your headlines. i'm heather childress.

now back to lori. tracy: those pictures are unbelievable. now, is this week's sell-off, m next guest says he thinks that they will get higher until we get even more data showing that the economy is improving and meaningfully so. senior vice president. welcome back to this show. >> sent you for having me. tracy: is it worrying about tha take away? >> she cited higher treasury yields but over the past two days to run notable. those are the two most sensitiv bond market sectors, the fed purchasers. so clearly a little surprise that there was, quite frankly, no clarity from ban on qe tapering. we were aware that there was a growing debate about wind to en

purchases, but we did not get that. granted he was honest, but the bond market does not like uncertainty. lori: what will give us clarity? the economic picture is looking better and better. today's durable goods orders report better than expected. will the bond market now react to? >> i think durable-goods was a good report, not a great report. i think quite frankly the data that we have seen has been good not great. still reflects a slow-growth environment. the clarity will come likely in about just over two weeks with the next imply report. the fed has said they're lookin at the labor market, so that will be the next signpost. if we get a good employment report, expect the fed to probably announce some sort of tape at the september fomc meeting. part of the reason is the majority of the market expected tapering to begin in december, so the bond market is adapting. i do not think it is the start

of run away yield, but more clarity. lori: we don't expect it to the so tapering. i useecertain, are you confiden that what -- wants this taperin began this we won't see a sharp rise in interest rates? >> see things. the fed is still going to commi to keeping interest rates on th whole. that is lightly for a another early 2015.ears, quite frankly, a bigger driver of interest rates, it is going to be what the fed does with the funds rate , and that is not going to move. it provides an anchor for a short and intermediate bond prices and to a degree that market. and rising yields have to be corroborated by stronger economic data. we might get it and probably will in the second half. i am just not convinced that we will ride a white.

treasury yields ultimately tracks to the economy, to inflation which is if anything coming down. lori: said the ten year yields. sorry to cut you off, but we're running short on time. what is your outlook? >> not far from where we are now . it will be a little bit of attorney environment, but a positive one focusing and higher-yielding investments to maximize the terms. lori: thank you for the advice. thank you so much. ashley: a okay. cash strapped detroit, nothing is off limits, not even its fancy art. a huge collection of our work, including those from rembrandt have come under the scrutiny of the emergency manager. he tackles a shrinking the city's long-term debt problem. put in charge of managing the pristine billion dollar deficit in march. now he is looking at ways to appraise the city's artistic jams which could fetch some

much-needed fines. estimates value the collection in the billions of dollars, but no exact figure is available. lori: did you know detroit -- ashley: how desperate they are to give money. lori: that is obviously debate story, but did you know that th tour was such a big cultural force to be reckoned with? ashley: it is surprising. lori: i have to go visit those. ms. of them before they sell them off, if that is what is ahead. well, moments away from the surprise mystery guest appearance. the big-name music superstar wh is honoring a deserving group o troops. you know his name and his music. ashley: a check of a gaffe -- gaspar before you hit the road for this long weekend. lori: the marketing to ruses strike again. let's see it quickly. ashley: let's take a look at wh is up and who is down. back to the watermark.

you can see, more read on this green and green. we will be right back. i want to make things more secure.

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lori: well the bulls are trying ever so hard to retrace the unchanged line at the very least. let's go back down to the floor of the pew york stock exchange. we'll check in with nicole. you're looking at corporate software stocks today but give us a bigger picture what the tug-of-war is all about today. >> let's start with the software stocks. we're talking about salesforce.com and we're watching it right now down 8% at the moment. salesforce.com, success on demand is what it says. when you talk about business software and we're seeing quarterly earnings and outlooks that disappointed. back to you. lori: nicole.

great, thank you. ashley: all right. let's look ahead to the holiday weekend. one restaurant is taking it upon ourselves to honor our nation's veterans and with fresh new menu and serving up a very special guest. jeff flock at an outbrac steakhouse outside of chicago to reveal the mystery, jeff. >> they have gotten a big surprise from county music superstar tim ma fwrau is here live. i will listen a little bit -- tim mcgraw. i don't want to bother but listen to what he has to say. >> free to have a deal and chase it. more to that i'm free to guide and watch my daughters to grow into young ladies and become anything they want to become and i have, and they all have that freedom because of the outstanding families that are in this place today. as well as the many we have lost to insure that freedom. so i'm honored to be with you a bit on memorial day weekend when those thoughts and the gratitude we all have are sell it braed.

the heart and soul of commitment and of loyalty, service and honor run deep in the families represented here today. that kind of dedication to generations of service is rare and exceptional beauty that has and continued to make this country a shining light that dreamers from all over the dreamers from the world say, that's where i want to be, that is who i want to be, those are the people i want on my side and those are the people i want to have my back. i want to be an american and i want to be free. when you make me proud to be an american and because of you i am free. so on behalf of my family, outbrac and operation home front i want to say thank you and have a great day and a great weekend. [applause] >> tim mcdraw, operation home front, those that don't know it, tim mcgrau is 31-city tour he giving away a home at each one of the stops on the tour. at outback steakhouse. this is surprise to all the

veterans. nobody knew. everyone was wondering, gee there are a few extra cameras here today and wonder what it is going on. this is because tim mcgrau was coming in the house. we talked earlier with mike cabot, the group vp for outback. this is mike right here. i have to listen in a little bit. >> thank you for that. >> i know you will be playing sioux falls, south dakota. i'm trying to get my wife up there but thanks for doing what you're doing. >> you guys do the hard work. i show up and sing. >> your song, don't take the girl, my wife knew me from second grade. >> that is fantastic. >> military veteran with tears in his eyes. there you go. we're talking about also about out back and bloom inch brands. you should see the bloomin onions. we talked with mike cabot,

the bald headed gentleman, group vp for outbrac and introduced that live on the fox business network. tim mcgrau will sit down and break bread and celebrate the contribution of america's veterans. this is special day leading up to memorial day in chicago. ashley: jeff, great job for bringing that to us. i like the hat. if i wore that i would look ridiculous. looks good on him. this memorial day, don't forget to thank the troops for great service to our country. tim mcgrau doing that. lori: what a up to go story and reaction from the veterans really spoke volumes. jeff, once again thank you for bringing us that story. so perfect ahead of this memorial day weekend. so the major averages are on track unfortunately to post their first weekly decline in five weeks. we're back at the new york stock exchange for trader perspective. ashley: check at the pump. all very important ahead of this weekend's memorial day. lori: let's check interest

rates today. look at the 10-year holding above 2%. the expectation we'll get a tapering of monetary stimulus a little sooner some expected. september is the date target, out the curve, the 30-year is coming in at 3.17% yields. back after this.

welcome to the new buffalo... where new york state i investing one billion dollars to attract and grow business. where companies like geico are investing in technology & finance. welcome to the state wre cutting taxes for business... is our business. welcome to the new buffalo welcome to the new buffalo. welcome to the new buffalo. w york state is throwing out the old rule book to give your business a new edge, e edge you can only get in new york state. to grow our start yo business, visit thenewny.com >> i'm jo ling kent with your fox business brief. stocks are on track to snap a four-week winning streak

as concerns that the federal reserve will taper its bond buying program continue. if the blue-chips close in the read it will be the first three-day losing streak this year. google could be facing a new antitrust investigation, this time focusing on the company's display ad business. according to reports the ftc is following up on complaints the internet giant abused its power in the market for selling online graphical and videe ads. the examination is in the early stages and may not result in a formal probe. elizabeth taylor's first wedding dress will soon be up for auction. according to christie's the gown she wore when she married host tail heir conrad hilton will go up for next month. the gown has a top estimate of $75,300. that's the latest from the fox business network, giving you the power to prosper.

ashley: welcome back, everybody.

the dow is in the red after briefly turning positive. meanwhile in the trading pits of the cme gold is having its best week in a month. fox business contributor phil flynn of price futures group is there for us. gold down this minute but, phil, up nicely on the week. >> very nicely this week. i guess ben bernanke can be gold bulls worst eni or best friend and this week their best friend. after the big spike low on sunday night with the gold and a reversal lot of bulls came back in but they got a lot of help with ben bernanke and that uncertainty surrounding tapering in or tapering out or tape everying down whatever it is. but fear and ununcertainty gets out of stocks back into gold. ashley: phil, i also want to mention bp will delay the conversion of a midwest refinery. sound all very technical but it is having an impact. >> it is having a impact. not only the price of rbob from lower to higher today, it is drag up crude. this is the major refining issue in the midwest.

this turnover is one of the main reasons why the midwest has been paying record high prices for the country. this is very disappointing. every time i think that we're getting ready to turn the corner on gasoline prices in the midwest, we have more bad news like this. so, this bp bad news for midwest drivers and couldn't have come at a worst time. back to you. ashley: phil flynn, price futures group. thank you. lori: more than 31 million americans are expected to hit the road this holiday weekend. while gas prices are slightly lower than this time last year, they jumped nearly 14 cents since last month. peter barnes is checking gas prices for us and imagines serious traffic in the nation's capitol, peter. >> hey, lori, that's right. it is the start of the summer travel season, the unofficial start this memorial day weekend. we're seeing the highest gas prices for a memorial day weekend in two years. and, phil flynn gave away part of the story here. it is not just because of higher oil prices recently

but also because of refinery problems and maintenance and repairs around the country. right now, a gallon of regular gasoline, according to aaa is $3.65. as you mentioned that is up about 14, 15 cents from actually just a month ago. in some parts of the country like in the midwest, in minnesota, north dakota, and other places that are far from those refineries, gas is over $4 a gallon. and these high gas prices, though should moderate as refineries get back online. take a listen. >> we do expect prices to should drop in the coming days given the fact that some refineries are coming back online. that is resulting in increased gasoline production. we've seen oil prices drop as well. so gas prices hopefully should drop in june. but it will not do you any good for memorial day. >> but according to a survey of travelers the annual memorial day survey done by aaa, higher gas prices could

affect some travel plans. now, 2/3 of those surveyed by aaa said it would not. however, you know, folks do plan and budget for these kind of trips. but 38%, more than a third, said higher gas prices would affect the travel plans and the breakdown is 27% saying that they would economize in other areas. 8% said they would take a shorter trip. 3% said they just wouldn't drive. they might fly or take a train, if that turned out to be cheaper. lori, ashley, back to you. lori: . >> peter could you go as far as saying people are not making decisions for travel plans, gas prices are acting like a tax on consumers as it were? >> contact acting like a cap? lori: a tax, extra tax, economic headwind. >> it is, absolutely. it is a headwind. in fact, the aaa survey looked at all travelers, "planes, trains & automobiles". airline traffic expected to

be down by 8% this year in part because of higher fuel costs are driving up some ticket prices, or at least, preventing ticket prices from coming down. lori: sure, makes sense. peter barnes, thanks. >> yep. lori: crummy weather is thwarting my travel plans. ashley: unfortunately in the northeast. this is not an easy store to do because how you say it. kmart is tongue in cheek, with success of shift my pants. this has big gas savings. both catchphrases fast and you get the joke. the big gas savings allows members of kmart shop your way rewards program to save 30 cents a gallon when they spend at kmart fuel pumps. this is new play on sears holding company corporation to boost kmart's, well, hipness. shares need all the help they can get. sears's stock is down over 30% in the last five years.

that is a big kick in the gas. i don't know. lori: you're in trouble. you're in trouble. ashley: as we do every 15 minutes let's check the markets. jason weisberg on the floor of the new york stock exchange. get us out of this one, jason. thank you for joining us. interesting day, yesterday for sure. i thought it was going to be a lot more volatility and today we're limping into the long holiday weekend. >> that is exactly right. i think the only, in addition to the damper of the weather, you know, you expect this diminished volume, almost borderline anemic going into long weekend. people are pretty tired at this point. market had a great run year-to-date. you will probably get a nice slowdown with the summer. ashley: very good. the everyone is looking forward to a three-day weekend. jason, thanks so much for joining us. lori: tired of standing in a beer line at the ballpark and missing all the game action? ashley: absolutely. there's an app for that. we'll introduce you to the man working to change the

way you buy concessions. lori: show you some winners and losers on the nasdaq. back in a moment thank you orville and wilbur... ...amelia... neil and buzz: for aching us that you can't create the future... by clinging to the past. and with that: you're history. instead of loong behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. (announcer) scottrade knows our and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help.

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lori: as you get set to hit the holiday road for memorial day weekend you might find the rode a little soggy especially if you are here in the northeast. for that and what the rest of the country can expect for the rest of the country let's check in with valley with accuweather. disappointing weather in some portions of the country. >> we had severe changes this week. another round of rain in the rio grande valley. luckily that will stay away

from oklahoma city. northeast, we had summer changes. we're dealing with temperatures 20 degrees difference than yesterday. lots of periods of rain. it brought some flooding. one from the cape to northern maine. from the adirondacks to the eastern shore of maryland. unfortunately we're not done with that as yet. the storm that produced severe weather is moving onshore. we have a wave that will develop along that. on back side of that more rain is coming in. this will be steady, soaking rain, new york city into new england. certainly on saturday which will provide another flood threat for parts of new england. when we see some clouds and april-like chill. the weather will stick around for the weekend as well. we do have a system into the northwest, that is bringing showery and cooler weather. that will bring out into the middle of the plains. that will provide severe weather for the middle confident country, showers and thunderstorms. that is another slow-mover. we're not only dealing with thunderstorms on saturday, we'll see them on sunday into monday as well from the

dakotas back down to the carolinas. we have a dry line in west texas and another round of severe weather coming in. lori: will it spare tornado alley and particularly oklahoma, this wet weather? >> we're looking at showers and thunderstorms but i think a possibility some of the severe weather could get close to the i-35. lori: we'll keep our eye on it. thanks for the update, valley smock. ashley: she was full of great news. if you ever been to a stadium to watch a game or see a concert, you know timing the trip to the old concession stand is key. you don't want to miss anything important but also don't want to face the long lines. our next guest snagged mobile ceo pete yeager is here to tell us how his new company's mobile app will solve that problem for you. pete, thanks so much for joining us. so i'm at a ball game and i want a hot dog and a beer. i have your app. how do i use it and how does it work? >> so the app is very simple to use.

you simply pull it up on your phone. you can browse through the actual menu for that stadium. select which items you would want. then you simply place an order. you can pay for the order with credit card and input the credit card information or actually choose to pay with cash. you put what seat number you have and then i delivery person brings you the food. simple as that jo sounds great. obviously it is key to work in tandem with the stadiums. where are you now and where do you hope to be? >> so we're currently operating in the lake erie crushers in ohio and joe bruno stadium in albany. we have several other big stadiums that we're currently in conversations with and hopefully we'll be launching this coming fall. so we're very excited about that as well. ashley: so how do you make money? >> so, this application like most, most iphone applications or android applications we make money through advertisements. we're able to provide the service to our fans and the

stadiums themselves for free. ashley: so how did you come up with this idea? did you just get sick and tired of yourself being at a ball game or a coocert and not waiting to wait in long lines? >> that is actually exactly it. me and my partner dan cody, we were actually up at a preseason nhl game in albany. we waited close to probably 45 minutes to grab a beer. we got to thinking and talking there has to be a better way to do this. it made so much sense. why not give empeople the power to order items on a device they have right in their pockets. ashley: that is great idea. what kind of financial backing have you had? all your ownnmoney? what kind of reaction have you had so far? >> yes, so initially actually all boot strapped. partners, friends and family chipped in. we recently graduated from an incubator program up in syracuse called, startup labs. they provided us our first initial seed round of funding. we're also now currently in the market for more extensive round of funding to help us grow nationwide.

ashley: how do we find your app? >> so if you go to www.sna www.snagmobile.com on the iphone or android browser it will pull up the app. you can play around with it all you want. ashley: fantastic. we wish you the best of luck. hopefully you will be in a lot of big stadiums so folks won't have to wait in line. we appreciate it. thanks for joining us. >> thank you very much. ashley: i had the same thought. lori: while you're doing the interview, i pull it up, order a round for the whole crew, right? ashley: you're good. lori: you like that one. ashley: well-done, lori. we'll hold you to that. lori: let's check markets. we have a second here to do that with the dow down 12 points. tug-of-war after a roller-coaster ride of a week. looks like we are seeing a reversal, this streak of gains for the markets comes to an end, what, ash, three or four weeks? ashley: also we should point out lower volume which hads a little bit to the volatility. it is limping into the long

weekend. lori: we'll do this for another hour. we hope you stick with us. a battle is brewing in washington over the rate students are paying on college loans. should the rates be tied to the ups and downs of the financial market? that is what lawmakers on capitol hill think. we'll look at the pros and cons of that next. are you still? just wanted to check and make sure that we were on schedule. the first technology of its kind... mom and dad, i have great news. is now providing answers families need. siemens. answers.

lori: welcome to a brand new hour of "markets now". i'm lori rothman. ashley: i'm ashley webster. stocks on track to end of a four-week winning streak. many are blaming the declines on the fed, one money manager says the fed has less power on the markets than you think. lori: student loan rates are set to double if congress can not reach agreement in the next month. the house passed it plan. the white house said it is doa. is this the next big battle. ashley: the summer driving season kicking off this weekend for a price of gallon of gas is 3.56 per

gallon. we'll hear from one analyst who says prices could drop by as much as 40 cents by the 4th of july. lori: we'll take it. time for stocks now. nicole petallides on the floor of the new york stock exchange. stocks fighting for gains on the weekend before the long weekend. >> what is interesting, the dollar is weaker and we've had two straight days of selling. we haven't seen that in a few months. three in a row, three down arrows in a row for the dow jones industrials. this looks like a nail-biter for the last toum of hours here because we're down just five points on the dow jones industrials, s&p 500 and nasdaq are down nearly .2 of 1%. after we had weeks of up arrows for the dow. now obviously this week has been a losing week on wall street. this is one-week chart per comparing dow and s&p. the s&p is the biggest loser of the two. for the month both are clocking in gains of more

than 4% each. so far so good for the major averages. as far as economic news, durable goods came in better than expected. we got in german confidence numbers with good news. the fed seems to take that in stride. but the big picture here is why have we had two straight days of selling and will this be the third. why haven't we seen that for a while? those are conversations people will really begin to talk about. is smart money coming off the table. back to you. lori: a lot will be written in over the weekend on those questions. nicole, thanks, great. ashley: wall street is heading for the first losing week in five after fed chairman bernanke warned the fed might taper its bond buying program in the next few months. our next guest says ben and the fed have less power over the markets than you think. kevin caron a portfolio kevin, okay, i would argue when mr. bernanke starts even hinting at the possibility of cutting back on qe earlier than thought the markets react.

why do you think his influence is not that great? >> well i think if you take a much bigger perspective, i challenge anybody to go back and get out, let's say a graph of the standard & poor's 500 over the last several decades and lay right next to that of earnings and you will be surprised to see that, or maybe not surprised to see it is really earnings after all that drives stock prices. while the fed can, can affect short-term trading dynamics in terms of maybe a little bit of multiple expansion here or there, over time it is really the improvement in earnings that is important to watch. ashley: so you do not believe if the fed does exit either sooner or later it will have a massive impact on the market? >> well i think, i don't think that it is going to ultimately have a massive impact on the market. particularly, if you have an improvement in the overall economy, maybe what we're looking for is an improving investment side of the

equation to help give a lift to earnings over time. i do know that there will be a market reaction in the short run but ultimately what really matters is going to be earnings. multiples tend to move up and down but mean revert over a range in time. the tipping that really drives stock prices will be the sustained improvement in earnings and earnings growth has slowed here. so our advice to clients is look for companies and industries where earnings growth can be sustained in an environment where earnings growth is flattening out. ashley: there is still so much cash on the sidelines, kevin. investors are nervous. they get the latest economic news out of china. they are concerned the fed may begin tapering its bond purchases. they may even think that this market is a little overbought. all of those things are keeping that money on the sidelines. what is it going to take to get them to take part in these markets? >> i think it will take confidence and ultimately it is going to take confidence on the part of both

investors but also corporations. we're looking at $1.7 trillion of corporate cash sitting on the balance sheets. that money really needs to get deployed one way or the other. currently we're seeing an increase of share buybacks and increased dividend but ultimately what we really want to see is improvement in investment spending to ultimately drive earnings higher from here. because as deficits get pulled in, that will put downward pressure on earnings growth. to offset we need to see a more lively private sector. ashley: how do you see the second half of this year playing out? >> i wouldn't be at all surprised to see a little bit of a pause in terms of this rally. we've simply come so far so fast in terms of equity markets. at the same time, we look at revenue growth which is flat. we look at earnings which are up modestly and economic data, while positive it is really kind of flattened out the last few months. i expect to see choppiness in the near term. we expect to see it be a relatively decent year with

some decent returns for the s&p 500 but we've had a large down payment on those returns already so far this year. ashley: do you have a target on the s&p? >> yeah. i think 1700 makes sense looking out 12 months. ashley: very good. what about the fed? do you expect the fed to start slowing down the bond purchases maybe before labor day? or do you think it is more towards the end of the year or the beginning of next year? >> no, i don't think so. i think they were quite honest the other day when they said they don't know which way they're going to go in termm of bond purchases. if you think what drives its, inflation indicators. commodities prices down not up, the dollar is strong, not weak. all of these things would speak for more, not less qe. only thing that might give them some pause is the very sharp run-up we've seen in equity price. >> very good point. kevin, thanks very much for joining us. we appreciate it. >> thank you for having me. lori: okay, oil prices here on track for their fourth straight weekly decline. joining me now from the nymex is jeff grossman.

how are you. >> how are you. lori: oil climbing off lows of the session. china factory data put a real big bearish spin on the price of oil and some other commodities today. what are the other driving factors in oil right now? >> i have to say and i hate to admit it when there is real correlation but oil has been following the stock market almost tick for tick for a large part of say the last three to four sessions. we followed it on the downside. today where the market pretty much stablized to a certain degree the crude oil also held its lows. and worked its way up. i don't expect that to continue. there is always, after something holds for a while there is always a disconnect that comes following that. but for the last four sessions now they have been pretty much in lockstep. lori: interesting. oil did turn lower again. 14 cents off, $94.11 a barrel as we're showing our viewers. these fundamentals, earlier we had the eia inventory

report showing inventories fell but much less than expected so these fundamentals you've also got a weaker dollar today, not really playing in as a factor. >> that's correct. usually the dollar is, you know, comes into play here. a weaker dollar usually supports prices. that has been pretty much discounted over the last couple sessions. the inventory reports correctly were somewhat on the bearish side. terribly but it is creating a chart pattern that is what is called a narrowing action. that gives you what they call upward facing flag. and that usually proceeds a downward move. lori: what is your longer term outlook for the price of oil through the summer? >> not, short term i think we'll work our way back down to the lower 90s. i would say, gasoline will be down, oh, i would say another 10 to 15 cents over the next month or so. again, i want to temper that judgment with the fact that we have very interesting inventory reports coming out in the next couple weeks.

remember, memorial day weekend starts the driving season and i believe, ou know the gasoline inventories will drive this market more so than anything in the next month or so. lori: good to note. thanks, jeff. have a good weekend. >> you too. ashley: with oil prices falling what will it me mean for you, what you pay at the pump this summer. jeff grossman, said, 10, 15 cents less. we'll get a forecast from gas buddy analyst tom kloza. lori: she refused to resign. now lois lerner is getting paid to stay home. we'll have the latest on the irs scandals. first as we do every day at this time let's check medals. -- metals. gold is lower. 1386. silver copper following suit to the downside. we're back in a short moment. i'm solad you called. thank you.

we're not in london, are we? no. why? apparently my debit card is. what? i know. don't worry, we have cancelled your old card. great. thank you. in additi to us monitoring your accounts for unusual activity, you could also set up free account alerts. okay. [ female annouer ] at wellsargo we're working around the clock to help protect your money and financial information. here's your temporary card. welcome back. how was london? [ female announcer ] when people talk, great things happen. ashley: more outrage at the

irs. lois lerner, the director of the agency's tax-exempt division is now on paid administrative leave after refusing to resign. oh, by the way, yes, sir, taxpayers are footing the bill. fox news's mike emanuel in washington, d.c. with the details. mike? >> hi, ashley. that news about lois lerner refusing to resign came from iowa senator chuck grassley who says the irs owes it to taxpayers to resolve her situation quickly. the new acting irs commissioner, daniel werfel, who is charged with cleaning up the irs mess asked her to resign. when that didn't happen he put her on leave and named an irs 27-year veteran to take over her responsibilities. lois lerner, the director of the tax-exempt corporation division at the irs is believed to be a he coo figure in the targeting of conservative groups. lawmakers say if she isn't going to provide answers to the taxpayers, there has to be consequences. >> unfortunately she will be still receiving her paycheck, but if you're going to plead the fifth amendment and you're not going to be part of a congressional

investigation, you're not going to participate, i think, suspension without pay, absolutely, until we get to the bottom of this. >> in an effort to try to get to the bottom of this, the house oversight committee is looking to recall lerner to testify. she pled the fifth and gave an opening statement declaring she had done nothing wrong. the committee's top democrat says he doesn't think she waived her fifth amendment rights and recalling her would likely to be a waste of time. >> i really would have loved to have heard what she had to say. i think, her insight, perhaps some of the information she has, might have very well been helpful to us in, just, learning all the facts, whatever they may be. but again, in our country, we have something called the constitution and we have to adhere to that constitution. >> it's been two weeks since lerner responded to a planted question admitted that irs employees had

improperly given extra scrutiny to applications from conservative groups. the irs was trying to get ahead of the inspector general's report which laid out the delays and improper questions put in a way of the these organizations. ashley. lori:. ashley: the plot thickens. mike emanuel, thank you so much. >> thank you, sir. lori: the french government is no longer planning to cap private sector salaries after concerns that the proposal was antagonizing businesses and entrepreneurs needed to help ailing economies. they put employment limits on executive pay at state-run companies and pledge to do the same at the private sector. france's finance minister will pursue 75% tax on so race over one million dollars paid by employers but the government will not go any further than that. at that tax rate, what do you think? >> that is why depar due is russian. lori: the actor. it is about the vodka. ashley: whatever it is means he is not paying that much

in tax. absolutely ridiculous. this is what socialist government does. now having to back off maybe we shouldn't cap private sector salaries. they're going with 75% tax. lori: that is mind-boggling. ashley: that we see what it is doing to the economy. quarter past the hour just as we click over to it. nicole petallides on the floor of the new york stock exchange. you're watching major movers. >> i am indeed, ashley and lori. let's look first at a name on the move. we're looking at intuitive surgical shares. they won a civil lawsuit. the shares are up 5 1/2%. there were concerns they have a robotic machines, the da vinci machines. there were claims they were unsafe and too expensive and they were accused of negligence while training doctors on the robotic machines. winning this civil lawsuit helps move the stock to the upside. what a volatile stock. this is not every day we see a one-year chart that looks like this one. take a look at sears holding. we look at sears the shares are ink s.ing on their

quarterly report. eddie lampert is not happy what he is seeing with the company. it is down 14% today. with that kind of company, the size of their company they should be generating profits. instead you can see obviously a big disappointment. it is down 14% and try to work but a wider loss than expected for sears. back to you. ashley: certainly not a good day for the stock. nicole, thank you. we'll be back at the bottom of the hour. lori: still to come, should student loan rates be tied to the financial markets? that is proposed on capitol hill. we'll look at the pros and pons to help students try to stay afloat. ashley: as the dow just turns positive. lori, we've done it. lori: you have done it. ashley: the dollar is moving right now. lori: credit is where credit is due. ashley: there you go. it is all about us. a mixed day for the dollar. euro down against the dollar. u.k. pound is up. it is all very much mixed. we'll be right back. thank you orville and wilbur...

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>> at 20 minutes past the hour i'm heather childers with your fox news minute. a washington state trooper says yesterday's bridge collapse was caused by a tractor-trailer hauling an oversized load of drilling equipment. governor jay inchesly declared a state of

emergency for three counties surrounding the collapsed bridge that is located on interstate 5 located midway between seattle and vancouver, british columbia. 16 people were injured after a collision with a hotel shuttle bus and a tractor-trailer near atlanta hartsfield international. the driver of the shuttle suffered broken bones but none of the injuries are believed to be life threatening. >> police arrested two men from an international airlines plane on suspicion of endangerment of an aircraft. the plane was diverted by british fighter jets. security firms say the incident does not appear to be tear terror-related but the investigation continues. those are your headlines. i'm heather childers. back to you, ashley. ashley: heather, thank you very much. cyberattacks targeting major u.s. energy companies according to "the wall street journal." rich edson is in washington, d.c. with more on this latest cyber

threat, rich? >> ashley, says the report from u.s. officials worry about iranian spying on energy companies intelligence hackers could lighter use to damage power infrastructure..3 cybersecurity is a significant concern in washington. senator chuck schumer wrote a letter to handful of federal investigators requesting a higher level of scrutiny considering softbank's bid for sprint. in the letter, schumer writes, softbank's japanese wireless network reportedly relies heavily on chinese equipment manufacturers with ties to the chinese government. the house select committee on intelligence found use of such equipment could undermine core u.s. national security interests. there is new report offering recommendation to businesses protecting trade secrets mostly to hackers in china. it suggests changing u.s. law to allow privaae companies to hack back at hackers if intellectual property theft continues at such alarming rates. opponents say, companies should instead focus on defense.

>> i don't think it's a good idea. companies should be focusing on finding out what is wrong with their systems instead of discovering one incident and striking back and hitting an individual's computer for malware. instead they should look at the fact they're probably missing 95% of the attacks coming into their system. >> opponenns saying allowing companies to retaliate against hackers by hacking them could easily lead to internet chaos as it can be difficult to accurately identify and target who is responsible for the hacking and easy to hit an innocent network or computer. back to you. ashley: yeah. all very disturbing, isn't it? rich, thank you very much. appreciate it. please tune in monday for an in depth look at the cyber threat. markets, technology and critical infrastructure are all at risk. ccnnell mcshane will be hosting a special report on monday at 1:00 p.m. and 4:00 p.m. eastern. lori: with the interest rate on federally-backed students loans set to double in about a month here the house of

representatives passed a bill that would link the rate students pay to 10-year treasury with a possible showdown with the white house which threatened to veto the bill. here to break it down ihs global insight is chris christopher. welcome to you. >> good to be here. lori: this has turned into a partisan fight over student loan rates. what is the next step? >> well, it has been a partisan fight even back in the campaign but the next step is to sort of see how things play out. currently rates are set to increase by double for student loans by july 1st. and there is some political wrangling happening but the concern should be on the students and the country as a whole. lori: has it really been a political fight for a while? because it seemed like it was pretty easy sell a year ago as part of the transportation bill, right? when congress voted to extend the low rates for at least another year. that is what we're bumping up against the expiration of that most recent extension. >> true.

there are some people who want to extend it for a couple more years and more like kick the can down the road type of thing. and i guess the gop from the house is sort of thinking, well enough is enough and we need to do something and they're trying to maybe reduce the deficit a little bit. and in addition, they're thinking maybe by having rates eventually increase by tying it to the 10-year treasury yield that might limit some sort of students who might not be needed in the educational system. lori: what's your expert opinion on what student loan rates, where they should be, federally-backed rates? >> well, my expert opinion is sort of to look at it this way. if you want more students, you want a higher human capital in this capital in this country, and you get a few bad students and you will get people who want to major in something like crochet or something like that. lori: that's okay. >> that is all fine and dandy but the approach, you should sort of think of, try to make it easier for them so this country many abouts, more, you know, human

capital intensive so we compete in this country. lori: but isn't part of the problem that with these low interest rates and this flood of credit available to students, universities are able to charge higher and higher tuition? so isn't that part of the problem? go on. >> yes, that is sort of is true. from a demand and supply point of view. however, what really made a lot of students go to college was the recession that sort, the great recession that began in the last month of 2007. without many job opportunities they sort of said, okay, the best thing i can do at this point is go to college. now they're coming out of college. they can't really get the best jobs. wage growth isn't very good. the job opportunities are not good. however, all said and done, you're better off going to college, however you're not going to do as well as your parents is sort the general line of thinking. lori: it is having broader economic implications right? these students who are

saddled with this enormous amount of student loan debt. what are some other solutions, chris? i know student loan debt is unforgivable in bankruptcy. should that be changed?. >> that might help out a bit. there would be a lot of people who would sort of, do a full bankruptcy. only thing you can't sort of walk away from. that makes us much different compared to european, compared to european countries where you can't even walk away from a house. however, one of the solutions may be is to sort of try to limit tuition increases. that might help out a bit. the public school systems at the university level are suffering quite a bit because of what's happening in state and local government. that is another kind of thank that is sort of increasing tuition as well. lori: it is a problem. thank you so much. chris christopher of ihs global insight. ashley: coming up, gerri willis will recap her week-long series on your medical privacy with a look how you can keep your

identity safe and sound. lori: as we head off to break, here is look at some winners and losers on the broad market index, the s&p. dean foods, intuitive surgical. back in a moment. we went out and asked people a simple question:

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♪ ashley: half past the hour, turning positive for the last 1 minutes. up eight points. procter and gamble. the floor of the new york stock exchanges where we go with nicole petallides standing by. >> reporter: the first thing that i have to know is that the data industrials are now positive. i mean, the bulls just keep on ticking. it is pretty unbelievable. right now a gain of about seven

points on the dow jones industrial, and it is interesting. procter and gamble has been helping the dow by more than 20 positive points, something wort noting. the other thing, whether we wil have three sprayed days of selling which we have not seen few months. interesting to watch the dow-fo three days a row. obviously something of what's going into the close. a close eye on dean foods, righ now of six and a half%. worth keeping an eye on because a 52-week high collar of the to performers in the s&p 500, a spinoff. actually reiterating the buy rating, and a price target of $12. and we should note that they're coming off of the s&p 500 after today's close. 400. a smaller mid cap index, but certainly one to watch. it has been a winner here today as it continues to move to a ne height. year today under pressure about 39%. back to you.

ashley: we are positive. lori: did you just that this? ashley: i just did. how about that. lori: of this week we have been looking at your medical privacy or perhaps lack thereof are all vulnerable it is. what is the most exciting thing he learned this we? >> my medical information is valuable to me, but i had no idea how valuable it is to othe people. here is what we were told. listen to this. >> about somewhere between $0.5 and the dollar to get a social security number. but your medical records, identifiable diabetic patient records can be bought

we will bring all these things together. a special guest appearance. we are talking about that jeter cut her that was outlawed just this week. we will have -- it is not reall the name. as the strike call them. anchor cutters. your anchor them in your belly. we will tell you how those work and a lot of you out there use them. i disagree. jeter putter. ashley: great putter controversy

. thank you so much. nothing else. it is a great game. the average price for a gallon of gas up $0.15 over the last month. what is the forecast for the busy summer earnings season? we will be asking analysts when we come right back. ♪ this is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading comsiemens. answers.yond it. bjorn earns unlimited rewas for his small business take theags to room 12 please. [ garth ] bjors small busiss earns double miles on every purchase every day. produce delivery. [ bjorn ] just put it on my spark card. [ garth why ttle for less?

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reporting that they will sell for approximately 9 billion. a deal could be struck as soon as next week. delta air lines should be opening its terminal today at jfk international airport. this says the airline tries to strengthen efforts in the battl for the lucrative new york travel market. replacing the ones built by pan am back in 1960. this weekend may kick off the summer travel season for many americans. but some will be held to kick back on any vacation this year. one in four americans don't hav paid vacation days according to a report from the center for economic and policy research. that's the latest from the fox business network, giving you th power to prosper. ♪

♪

lori: memorial day weekend mark the start of summer driving season, and the average price o a gallon of gas sets you back $3.65 according to fuel gauge report, $0.2 less than it was this time last year. typically prices go up. the oil price information chief they expect prices to drop in the coming months. great to have you with us. i'm thinking there will be a huge disappointment in gas demand because of the weather alone this memorial day weekend. looking at weather maps earlier. rough weather from coast to coast. >> it has really been a miserable spring. i hate to extrapolate that to the rest of the country, but that is kind of what some peopl in the gasoline business are doing. we are down several percentage points of demand because of poo weather. the test will come the next few weeks. i think this is a structural change. in any case, we will see a lot of price decreases for now to the middle of jan.

we were higher the first part o may now we will drop into father's day, the first-ever summer. thought. lori: might know we usually see this trend? >> well, actually, we have seen various affects on crude prices and a roller coaster with gas prices. it was unusual to see prices move up so sharply in february, and it was unusual to see them drop through march and april, some may has been a little bit of both. most people are paying less tha they were a year ago, but notable exceptions in the midwest for prices catching fir in the first part of may. the good news is, the markets have dropped, and it is really no-brainer to predict sharply lower pork prices in places lik minnesota and up, and the bread basket. lori: what is the floor? >> the national averages a little bit deceiving. we will see a lot of places for free.

you should get on a plane summerlike minneapolis. ashley:, south carolina. i think the average price probably is 335-360 for the first part of the summer, and i august i think it is all based on tropical weather. lori: it is unbelievable, such of rough weather pattern. interesting data put out by aaa today showing that 60 percent o memorial travelers are now making their decision on whethe not to travel according to gas prices. i think that says a tremendous amount about the consumer and confidence and how the gas pric is acting.

>> that might also have an impact. lori: all right. thank you. so this memorial day weekend is expected to be a strong one for the auto industry. the auto industry will have its best year. you will want said tune in monday for a closer look at the rebound of the auto industry. the data industry, back in business at 10:00 a.m. and 3:00 p.m. eastern right here on the fox business network. ashley: well, another class has broken out between the giant cable operator and the broadcas stations over how much the stations should get paid to be on cable. this time around a half million viewers to see local channels going dark. we have the details with dennis kneale. >> the clash between time warne cable and the prizefight. they don't settle this in seven days, viewers in smaller market will see some of the smaller stations disappear for a while,

and this is no idle threat. these to get in a similar scrap and stations were off air for 2 days. this time demanding a 50% price increase over its contract from just two years ago. this looks like a mismatch. i am beating upon david. time warner -- time warner cabl as a market cap of $20 billion, 40 times the value. revenue 38 times as large, but now the system respects the performance. who is the piker now? time warner cable of 20% for so while when tv is up 300% in the past year. tv stations from fox, nbc, cbs, abc, this dwp, green bay, buffalo, austin, they complain that the cable systems pay its station only a fraction of what they pay for it mtv or espn, never mind that the stations reach a smaller, local audiences . but this is only the latest clash between channels and

distributors that carry them. this network data base careful with amc, and now amc and stars a zombie show walking dead in the dark for 14000000- subscribers for over three monthh. sparring with disney over abc. fox broadcasting power sibling, the never mind that both sides lose. cable systems need channels to carry. viewers lose most of all. ashley: palms down the mighty dollar. stalling initiations. they keep. lori: let's get an update on th market. markets flat. i welcome breather many would say for this bull market that has come so fast, but how do we set up going into the new weak? >> i think we set up great. next will be a non-event. a shortened week.

you have mentioned people want breather. this is the perfect time. this summer slows down. people want to focus on the vacation. they will resign that with q3 and four. lori: allow you to come back sector wise. >> next week if we can report w will see continued strength in the financials. if we don't see it in the financial and the rally is not going to be sustained for very long. lori: at retail. thank you. have a good holiday weekend to. >> you, too. ashley: always knew again. procter and gamble bringing back . we have to look at other companies have done similar things. thank you orville and wilbur... ...amelia... neil and buzz: foteaching us that you can't eate the future... by clinging to the past. and with that: you're history.

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lori: this next story sounds like a line out of the song. that is what procter and gamble has done by bringing back a former ceo of that shows ceo bo macdonald the door. with more here is our macdonald elizabeth macdonald. >> good to be with you. this is the second time since the year 2000. he has been called then tell ho about proctor and gamble. the year 2000 when the stock wa cut in half and there is an investor earnings plunge. he is now being called back in to replace bob macdonald. what happened was he was slow t fire up the pipeline of products , so to get earnings growth. it criticism against him. this is a company that is 84 billion in sales. oil levelland pampers. the question is, where is he headed? what will he do with procter an

gamble? stock prices are moving higher today. up not just around 4 percent of session highs. and so what you can expect with his strategy is what we have seen him do in the past, and that is, he is going to really hammer away at the $10 billion in cost savings at the company has now had in place. he is probably going to move more aggressively and to develo markets which is so we are hearing from austria analysts, and you're going to likely see acquisitions. day in 2005, the sample in setting up to acquire gillette. what you will see is this possibly more layoffs coming from procter and gamble as we move to get rid of a bloated cost structure that has been in place. i'm going to send it back to you . ashley: our next guest is a world-renowned expert on and corporate dominance of the new book on the finding your own success. what you really meant to do.

joining us, harvard business school associate dean and forme vice chairman of goldman. thank you for being here. before we get into your work, what about this strategy of bringing back the old boss. we seem to have added a number of times. procter and gamble is the lates example. >> have collected each situatio independently. j.c. penney was in the middle o a crisis that had tactically. they brought him in any fix the balance sheets and get reconnected with the customers. on the other hand, i think his job is to assess the restructuring, probably make some tough decisions about how they serve customers, one of hi jobs is to a take a success rate . and all the key will be there for a long time, but he will be there long enough to right the ship and also pick a successor. bit by. ashley: your book, what you're really meant to do. you shaved your specific and actionable approaches to findin your own success. what is this book about? >> everyone out there is

listening to this. they have the ability to shine. they can be great. they can -- they can be outstanding. they have to define what succes means for them, and that means their strengths and weaknesses. their passions. and then find an activity or a job or career that fits those strengths and weaknesses and passions. lori: -- ashley: so many get out of college and that are fulfilling the expectations of others. >> or package job because their friends think it is cool, the family thinks it is cool. is a ( state. they get of years road and realize, i am not goin to be at my best in this job. so what i am trying to get people to do is maybe on a thicker skin and d tax themselves from conventional wisdom and with everyone around and things and do a harder job which is understand themselves. this is like losing weight or getting in shape.

it takes work. to make you uncomfortable. ashley: for college graduates, they can do that. what about someone who is halfway along their career path not really fulfilled, but reall knows what they want to do. >> big surprise with that idea who are 25, 65, everything in between. i don't think it is never too late. and so what i say to people is, start by doing the analysis. right down on a piece of paper, every your age, your strengths and weaknesses and get buys fro people who do observe you, observations about what things you are better at, things are w get. think about your passions. it is not too late to match tha two maybe a job within your own company. in my career there were many people were just in the wrong job at the right company, and i they had done the analysis it would not have taken a big move to get to the right place. lori: you are now at the school.

>> i have been very lucky. to careers that i lost so far, goldman and then being a professor at harvard. we will ever find out what i meant to do? have realized that it is no. ashley: a constantly evolving thing. >> and it is always about what is next, the future because lov five years ago i don't love as much now. the world changes. what i realize is this is an ongoing thing, and that alone makes some people feel better. i was talking to my sister toda who is a surgical nurse. said, for france just feel better reading this book knowin that if they are confused, it i understandable. it is normal. this is a lifelong effort. ashley: it certainly is. so what you're really meant to do. lori: i feel so much better now. what a fantastic conversation,

gentlemen. okay. coming up, arrested development makes a much anticipated return this weekend. but only netflix subscribers will be able to watch. they did show boosting the bottom line. experts opposing views on the thoughts. countdown to the close with liz is next. ♪ this is ameca. we don't let frequent heartburn come between us and what we love. so if u're one othem people who gets heartbu and then treats day afr day...

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♪ liz: hacked, but ready to fight back. cyber attacks on american companies in infrastructure are rising. iranian hackers with political ties are manipulating our oil and gas pipelines. said u.s. companies now be allowed to have back-to-back arrested development makes a bi return this weekend. you can only get it through netflix. you looked at what that will mean to netflix and the price battle against amazon.

and we have all heard the phras super sized me. now japanese fans of mcdonald's rise can order a size so big it weighs three-quarters of a pound . wait until you hear what the calorie counts. "countdown to the closing bell" starts right now. ♪ liz: give friday afternoon. i'm liz claman. it is the last hour of trading. stocks of trying to make a comeback on wall street. the dow jones industrial slightly higher, as in the and the nasdaq down just slightly lower. i want to talk about to individual stocks. procter and gamble, widely held name and many of your portfolio getting a nice boost sedate. at the moment of 300 quarters o a percent. -- three-quarters of a percent off. apple announced it was bringing back its former ceo. right now procter and gamble as it moves higher, a lot o