thank you very much. we love you and that accent down in texas. i guarantee it. we talk all the time. dennis: good to see you. cheryl: governor perry coming up, but it is the top of the hour right now. stocks every 15 minutes. we have stocks rallying. a weaker gdp. hopes that the fed may not taper so quickly, but all of that is interesting that we did not have a sell-off. >> so many balls in the air. yesterday we gain, today we game, we also have that china relief rally underway. that was yesterday. today people's bank of china. that helps us here at home. you have good economic news yesterday. today the weaker economic news just supports the idea that the fed won't pull the kool-aid, and that helps a broad base rally which we're seeing a new way pier you are seeing retail, you

name it really with up arrows with the exception of gold, metals, mining is to materials, that group, those commodities in particular are under significant pressure. that really is at top, top stories we're following. back to you. dennis: thanks very much. the markets are watching washington as to federal reserve presidents testify before congress. peter barnes is in washington d.c. with the latest. >> reporter: so far no comments on monetary policy from richard fisher, president and the federal reserve bank of dallas. that's with the testifying about today at the house financial services committee, and they both believe that dodd-frank financial reform does not end too big to fail and that it would allow the government to do bailouts of the biggest banks.

and they want tougher measures for big banks. >> these banks are treated differently from the other 99 percent. differently from other businesses. and under dodd-frank unfortunately we believe this imbalance of treatment has been unwittingly perpetuate. >> reporter: the former head of the fdic who helped to write dodd-frank was left to defend it saying the agency's ability to take over a big bank and stick shareholders and creditors with losses in this too big to fail, but she acknowledges that regulators still have to finish writing some of the import rules around this and have to make it clear to markets that it will work. cheryl: my next guest said that he is still betting on equities. values. chief research analyst. i want to get your take on what we saw today. weaker gdp number did not affect

the markets. old news potentially, but the fed still is the unknown factor here. you are not worried about ben bernanke. >> and not worried about the stance they will take at this juncture. basically we are perfect. we want to be gdp. running 18, two, totally getting off of the 3 percent. and on think it will make the move. it will focus on what presumably unemployment is. it might just have been a suggestion by the fed that they really wanted to tamper in sort of the asset prices that may have gotten ahead of themselves. i don't see equities. cheryl: have want to ask you about a gold quickly before we get to another stock choice. i want to show you, here is the 1-year chart, down today. you were here in december of 2011. i can show our viewers what happened, and you said that there was no way that there would never be of fall lawn gold. now you're changing your tune and i want to get your stance. >> i think you had basically the perfect environment. you had debasement throughout the world.

everybody taking their base currencies and suggesting they had to get lower to get in the game to do exports. when you have an environment like that. cheryl: someone's a star with a company if you have already picked on this show. sbci is the ticker. depicted. december 2011. if our viewers listens to you there would have made 176%. it would have had this in their portfolio. >> and the reality is the stock is still incredibly cheap. cheryl: you still like it. >> the base -- these are the broadcasters. if you turn on your television, you are not actually watching the network, you're watching the signal transmitted by the local broadcasters. sinclair broadcasting and next

star is the other name that may pop up. basically the two companies are really in this we part of the cycle right now. cheryl: here it is. want to show our viewers. one hundred -- the charge. you picked this. here is where you picked it. let's get this. 344% jump. that is one of the best performances i've ever seen. >> thank you. the stocks danielle meaningfully higher. right now the key driver. read transmission fees from the cable and satellite providers that are showing their content on there. you may have seen the battles. that seems more money gets kicked back.

they give more and more fee income. the going to see next at 5260. cheryl: that's a 34 right now. right now 2988. is still making those bullish. somebody that works in television basically. land tv corporation. here again is a stocky picked. december 14th 2011. >> is the same story. consolidating. if this is where it's going to be, we will do is a year from now. cheryl: i have to give this to you. 151%. they just went through a merger. >> we think, offered to buy the company or has a bid on the table or has a deal to buy the company at 1375. the stock is already trading at a premium. we think it is a phenomenal deal. we really think that they had an open auction and we don't think they're treating shareholders' rights. we think it should be risk

price. cheryl: on the news that you are headed. thank you very much. appreciate it. over to you. dennis: he should retire because those are pretty good results. you know what to stay and have a go back down. the equal employment opportunity commission making waves. a federal panel following suit against bmw and dollar general. unfair background checks for employees. let's get right to our debate. joining s, employment attorney. the wall street journal editorial board. screening for arrest records and felony convictions led to of more blacks being screened out. exactly what is wrong with that. >> basically first of all what is actually willing to follow. you could have a policy that

says nothing about impacting on the minority, keeping blacks out, keeping hispanics out, you name it, the bottom line is that if you have a policy that statistically will keep people from working at a job and that policy is not job-related or consistent with business necessity then you keep people out. what is wrong with it is that it essentially says there are more minorities, unfortunately, they're involved in committing crimes and have a rule like that, you're basically permitting more people who are not minorities to be able to handle a job, whereas the people who are minorities can also handle the job of a system of the ones that have a criminal background, their the ones that are excluded. if the criteria for the rule or the policy of what the application must look like, in other words, the skills they have is not related to the job, you're essentially just keeping them out from working really for no reason other than the fact that in essence they're being discriminated against in this policy is essentially not something that is done

necessarily intensely, but can have that effect. dennis: the reason they aren't hiring me is because it turns out i was convicted of a crime. the "wall street journal" editorial page, don't you feel like employers ought to have the right not to hire me if i had been convicted of felony? >> employers do have the right not to hire you if you have committed a felony. he is talking as if this is a law, but the key thing he said was statistically what he's talking about is a theory called disparate impact which says that even if you don't intend to discriminate, the federal government can sue you. this is pushing the boundaries of the law, if not illegal. the supreme court will hear a case called mount holly in the coming session that will determine whether or not this theory is legal and not under the fair housing act. but have ramifications throughout government. it is not illegal to do a criminal background check. what you're seeing here is an agency of government that is completely out of control. not only do they want to ban companies from doing criminal background checks, they want to ban them from bank credit checks

they want to make it illegal for you to say you have to come to an office and work. this is just the beginning of an agency that needs much more attention. dennis: marriages said the eeoc is out of control. what do you think? >> absolutely false. first of all, this is ben slauson said to 71. it was a case called race starts. status by the u.s. supreme court. take the example of having a requirement that you have a must have a high-school diploma and ordered to be a janitor. you know or it seems to be that in your area, of blacks the don't have high-school diplomas. when they need high-school diploma? dennis: wait a minute. they have to have a high-school.

>> this is not in the text of the law. this is why the obama administration dedicates pulled from the supreme court last year there will fight this. the ultimately the supreme court will be given the opportunity to clarify this. dennis: go ahead. >> i was is going to say, is not a political issue. this is a legal issue. if you have a criteria that is not related to the job, for example, if you were busted for drug possession ten years ago and your working on record and store is no relationship between a criminal record of nearly what you're having is people coming

at a jail or people who have criminal records. there are unable to find jobs. >> you're trying to add another protective class. let's say for example, a child care center that was to screen for convicted sex abusers. banks can screen the nature that you have committed fraud or tax evasion. this is absolutely locked. >> you have to yield the floor. dennis: you're doing great. i hope we can piggyback on together. now we have to wrap. thank you for being with us. those are important issues, and i'm sure we will be revisiting it. cheryl: all right. well, the nsa is now the focus of a new las vegas campaign.

they want to make sure what happens in vegas days in vegas. this city can make it happen. dennis: and truth to fiction. and back to reality again. the height of some fed money from the plane at jfk airport starting to look like a scene from good fellas. super securities lose here to talk about that. cheryl: we also have texas governor rick perry, business to work. as we go to break we went out and asked people a simple question: how old is the oldest person yove known? we gave people a sticker and had them show us. we learned a lot of us have known someone

who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed much is the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪

♪ cheryl: the dow up. wall street pushing session highs. i want to point out a couple of things. microsoft, united healthcare group is leading the charge. want to bring your attention to alcoa. higher this morning. the metals and mining groups are dragging down that sector, materials on the s&p. an alcoa is dragging down the dow, as you can see, down $0.13. of course you will watch. up 107 points. a spring in nicole petallides from the floor of the new york stock exchange. what else the watching? >> reporter: we are watching the market with up arrows,

taking a look at micron technology. it is looking pretty good here, as you see, the stock is heading above 52 week high. it is worth noting that it has more than doubled this year. this is obviously a tech stock, heavily traded. as we are watching it right now, you can see the up arrows. also worth noting as far as what we are seeing, and in like apple, number of $400. on the plus side, watching blackberry. telecom related. two other names keeping an eye on it. cheryl: thank you. we will see you at the bottom of the hour with more. ♪ dennis: time to make a little money with charles. bringing us some appetizing profits on one of america's favorite bar foods with buffalo wild wind. have you been to one? >> i have not. >> i subscribe to a whole bunch of restaurant industry stuff. every time a consumer survey, these guys write right up their

like other one or two. people just love the experience. wall street investors. this company missed the estimates the last four quarters think about it. in this by 9%, 7, every time they report they miss. the look at the stock. the reason mall street is giving them a free passes to compresses were really high, some people felt artificially. as prices come down it will increase profit margins. couple that. the stocking go straight up. this industry, but this morning markets finally put a bionic. overweight. how can -- it can go higher. one of the things that people can connect their own experience and the consulting in the market in this would be one. dennis: beef prices go up and people switchover to chicken. ticket sales. >> but they sell most leave while the wings. so the chicken prices are a little higher. cheryl: college? >> that's right.

[laughter] cheryl: a bucket of beer and a bucket of wings for two bucks. >> budweiser. this would be your part-time job. for you it would be optional. dennis: i'm thinking synergy. cheryl: he said personal experience. anyway, the fox business summer time showdown. a stock pickers' going head-to-head in a month-long competition. this week we have new low capital. focus on securities. everyone stays in their skivvies . they are formidable opponents. check this out. recommending wells fargo. recommended amgen last july. a 47%. if you listen to them, you would be sitting pretty right now. going to come out on top of their new stock picks his right.

bin eastern time. dennis: parameters required. it picked the stock. cheryl: we had to be fair. an entire month. @%u know. >> the wild cats pick. cheryl: you have to get involved as one saying. dennis: long awaited ruling on gay marriage from the u.s. supreme court. details next in your fox news minutes. cheryl: it sounds like a theme, movie, but it actually happened. trying to figure out how these minutes to get a wave of -- with more than a million dollars heading for the fed. yes. we will be right back. stay with us. ♪ it's a brand new start.

your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure,

global broadband network and custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated support, your we help you more reshine every day of the week.

♪ >> reporter: it is now 24 minutes past the hour. the supreme court striking down the federal defense of marriage act ruling it unconstitutional in a 5-4 vote. the nation's top court found legally marry same-sex couples must receive the same health, social security, and pension benefits. plus, states the only recognize same-sex marriage. another supreme court ruling could clear the way for same-sex marriage in california. possibly as soon as july. the courts ruled that supporters of proposition eight, the state's ban on gay marriage,

don't have the right to appeal lower-court rulings. they found that the state's same-sex marriage ban is unconstitutional. in boston now the new england patriots have released aaron hernandez from his contract. the tight end was arrested earlier today, taken from his home in handcuffs. police have been investigating the death of the lloyd found shot to death on june 17th less than 1 mile from the home of fernandez. as a year headlines. i'm heather nauert piggyback matter cheryl. cheryl: thanks. an incredible story that has many comparing it to good fellows. a swiss flight from zurich was robbed. at jfk. over $1 million is now missing. amazingly they left another $92 million behind.

the investigation and security firms here in new york city. does this surprise you at all? damning, this is a lot of money that they took. >> well, there was still 92 million. you know, it's just funny. you can't compare either one. 7 million at the time. then it was 14 bodies it came up. no, no damage prior to that. the "" sex. they recently were able to take it. and i think it was a planned thing. it was damaged, although all. cheryl: well, that's what he was

saying. it was forklift damage. and could be possible. >> we have our little polygraph. i'm sure that's going to be used cheryl: they're coming in. >> on the other side of it, the federal reserve said there was an armored car there. from my experience a lot of times these flights arrive with large amounts of cash. the armored car goes to the plane. a lot of times that happens. that could have happened as far as the armored car. so that would have meant that someone had to do it prior to that container. cheryl: before it got to the hangar because they're is a regal and all of this. port authority cop usually, when they move money, this actually happened, this was an american bank that has an office in zurich, transferring 92 million. there were supposed to be a port authority, that would escort the money and be dispatched. he wasn't there. >> a lot of things, this is not

an unusual occurrence. this comes all the time. it's pretty well-organized, believe me. i will guarantee, the police and fbi will catch the person that did this. this is not going to happen weather will get away with it. this is not one of those, we don't know who dated. cheryl: to four let you go, things get stolen out of jfk. i have friends that have lost diamond jewelry and a check luggage. >> don't be mean to jfk. it happens all over the place. but you have selected the other side. you have to look and all sides. you know what, sometimes the obvious is not the obvious. cheryl: is tough. i have to tell you, a good story, founder and ceo. he is on twitter. tweet in your thoughts right now they give. >> thank you. dennis: and a big deal showing the cell phone industry is more vibrant than ever. so why are some pushing for more regulation?

we have a guest says that the free market grain. cheryl: speaking of the free-market, governor rick perry is your fresh from his trip trying to get east coast companiee to come to his tax from the state. we're going one-on-one with him next. ♪ you make a great team. it's been that way since e day you met. but your erectile dysfunctio- itlde a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you cabe more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph like needing to go frequently or urgently. tell your doctor about all your medical conditis and medications, and ask if your heart is healthy enough for sual activity. do not take cialis if you take nitrates for chest pain, as this may cause unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach,

delayed backache or muscle ache. to avoid long-term injury, seek immedte medical hel for an erection lasting more than 4 hours. ior if you have any allergicase oreactions such as rash, hives, swelling of the lips, tongue or thro, or difficulty breathing orwallowing, stop taking cialis and get medical help right away. ask your doctor about cialis for daily use and a 30-tablet free trial.

dennis: stocks fell. we are still of triple digits. nicole petallides. nicole: gold is down $44. what? by the way, here is a look at

new mining. that is down about 5%. i wanted to take a look at some other movers as well. watching apple below that $400 mark. the traders now looking at microsoft. testing out the new windows 8.1. looking at the gun stocks. those are to the downside today. those are the stocks that i am certainly keeping an eye on. it is a winning day. back to you. melissa: thank you very much. governor rick perry wrapping up his two were of new york and connecticut. he has made similar missions to california and illinois. i sat down with him and asked him how successful his efforts

have been. >> i thought that the meetings were very productive. what you find is that these, they have to incubate for a while. anywhere between six and nine months before you find out whether the conversation that you had, they go back and crunch numbers. we are just now starting to see, and hopefully the next six weeks or so, we will have some good announcements to make about the california trip back in february. about a seven-nine month period of time that is the shortest period of time generally speaking that you will have on this type of recruitment trips. wonderful people in connecticut. we had a lot of one on ones in

connecticut. the financial services side of things. listen, new york is a hard sell. that is a great pity, as you well know. i think one of the hardest cities to recruit from a number cut is new york city. they sure are making it easier to talk to people. governor malloy. come by. he was very hospitable. i do not suspect that they are ecstatic that i was in their states recruiting. really, i hope when they go back and think about it, it is like a visiting coach that comes into your hometown. they are professional. they are positive. they are not there to run your team down.

secondly, to have a conversation with the public. what works best with america? melissa: when you met with governor malloy, how do you make the argument that texas is better than florida? i know you have been successful with california, but what about florida? >> rick scott is a very good competitor. mary fallon in oklahoma. all of them, they make me get up every day. i look and see how i could make taxes more competitive, whether

it is with a tax policy or a regulatory policy. it would not have happened if i did not have neighbors or competitors out there changing their laws and regulations. i have been to florida within the last six months to regroup businesses. sitting on the stage with rick scott. he gets it. he is a true competitor. we invite each other to our states. he comes here to share. i get it. i accept it. the challenge to me is to make sure we keep taxes a more competitive place than any of those.

melissa: that is something they have certainly done in the state of texas. our thanks to governor rick perry of texas. you want to move there, don't you? dennis: shareholders give the go-ahead. robert mcdowell will tell us if there is reason to put the co-boss on that. melissa: what happens in vegas stays in vegas, unless the nsa is watching you. dennis: occupy china. a ceo being held captive by his employees. his story coming up. ♪ i want toake things more secure.

[ whirring ] [ dog barks ] i want to treat mo dogs. ♪ our business needs more cases. [ male announcer ] where do you want to take your business? i need help selling art. male announcer ] from broadband to web hosting to mobile apps, small business solutions from at&t have the security you need to get you there. call us. we can show you how at&t solutions can help you do wt you do... even better. ♪

♪ >> i am tracy byrnes with your fox business brief. the latest inventory figures -- domestic stock rises were on change last week. gasoline futures also tumbling to a six-month low after stockpiles rose by 3.7 million barrels. the insurance company raised its stock buyback program to $1.3 billion. also boosted its quarterly

dividends. ford f1 50 speeding to the number one spot. reclaiming the title from toyota. that is the latest from the fox business network. giving you the power to prosper. ♪ [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second sta.

[ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ dennis: sprint and nextel shareholders approving a plan. in washington, the fec worries the wireless market may not be competitive enough. we have former commissioner, robert mcdowell. thank you for being with us. rare opportunity for us to have an insider view of this.

what do you think? >> what this shows is we have a far more competitive marketplace then people say. the huge engine of capital. you will have unlimited data plans. sprint has far more spectrum than at&t or verizon. one way to measure the marketplace is to look at all of the advertising out there. it is. dennis: four or five competitive on each. for two years in a row, the staff is at an annual assessment of wireless saying, you know what, we are not sure that is truly a competitive industry.

>> it has been one of the crown jewels of the american economy. it is the leader. it always has been in the world. because it has been so unregulated, there are a lot of folks who want to regulate it even more. there is a concern that at&t and verizon combined have about 80% market share. that will start changing, i think there'd what happens to t-mobile? the ceo of dish rwanda to buy sprint. he wants to be a player in this space. a big question is, will he try to buy t-mobile. what is the problem they are trying to correct? i thought you go into a market when prices are going up unnecessarily. >> innovation is going up. speeds are going up.

consumer experience is only benefiting. it really divides object. dennis: yet, they do all kinds of things that are not necessarily logical. now we get to the spectrum auction coming up. if you end up thinking it is not competitive enough, then maybe you do not let them bid at all. >> there are a lot of groups that are really pushing to exclude at&t and verizon. that is a question that still remains. we will not know for sure until we get the new fec chairman installed. that may be early next year until we know for sure whether or not they will be able to participate. >> these airways belong to the american taxpayer.

if you cut out two of the biggest bidders, the price goes down. thank you for being with us. robert mcdowell. >> thank you so much. ♪ melissa: cabbies los angeles protesting with their horns tuesday. taxi drivers surrounded city hall. the drivers say these services are not regulated by the city and pose a danger to passengers. the volcanoes on the alaska peninsula that began erupting weeks ago are getting stronger. ash is reaching as high as 28,000 feet. smaller planes have to reroute flight plans. the city of las vegas publishing an open letter reminding what happens in vegas stays in vegas. here is the ad.

this campaign is directed to at&t, verizon and google. these companies also received letters. vegas should be kept private. nsa, stay away. it says that at the bottom of the ad. that is your west coast minute. dennis: let's head to the floor of the nyse. mr. willis. it looks like the fed does not know what it is talking about. >> you can blame some of this on the fed, but actually very little. the gdp number was added to the whole idea of wall street. what is bad is good. bernanke will have to leave the punch bowl out a little bit longer if you want to take that

view. you have to give china a little more credit. dennis: all right. thank you for that. we appreciate it. melissa: is next story they give western corporations a reason to rethink a move to china. a boss being held hostage by his workers. jo ling cad has this story. >> so many risks to doing business in china. they have been trapped by workers for five days. trouble began brewing when the florida-based company closed its division to move it to india. the company gave around 30 employees a severance package. for started flying that he would close the plant and flee without paying workers which does happen

around china. he was barricaded into the factory by 100 workers holding arm and arm to demanded compensation be given to laid-off workers. stearns is very frustrated. take a listen. >> it is terrible and it is not right, but i do not know what else to do at this point in time. >> stern says he is close to reaching an agreement with the workers. this is something that you see quite often in china because workers do not have faith in the legal system to reserve these problems. for now, he is still stuck inside that company. >> i cannot believe that the

chinese government let him give interviews. >> he says at first he did not have food for 24 hours. then the chinese officials started giving him breakfast, lunch and dinner. >> jo ling kent, great story. thank you. dennis: opera wednesday is back on top. the queen of tb in the spotlight again. >> drinking on the job. some companies now think it is a good idea. [ laughter ] ♪

attention - americans living with limited mobility. what do you do when you can no longer get around like you used to? when you fear losing your independence?

who do you call? call hoveround now, to see if you qualify for america's premier power chair. hi, i'm tom kruse, inventor and founder of hoveround. now you can do more, see more, enjoy life more. here's why hoveround makes it easier than any other power chair. hoveround is more maneuverable to get you through the tightest doors and hallways. more reliable. hoveround employees build your chair, deliver your chair, and will service your chair for as long as you own your chair. and most importantly, 9 out of 10 people got their hoveround for little or no cost. call now for your free dvd and information kit. and now every hoveround comes with this tote bag and cup holder for handy access to your favorite items. you don't really have to give up living because you don't have your legs. call now for your free consultation. and right now, get this limited edition hoveround america travel mug free with your hoveround delivery. call or log onto hoveround.com right now!

♪ dennis: discovery channel discovers the internet. discovery communications is at work at a new streaming service that would charge cable subscribers an extra six-eight dollars a month. it could take two more years to debut. the idea underscores how the internet is about to wreak big changes. hbo and netflix both are into 9 million homes. netflix profits are at $17 million a year. hbo earns almost ten times that. magazine cover counts, online buzz. mix them together and these are the top five celebs this year. opraa winfrey reclaiming number

one. lady gaga earned less, but has more buzz. cheryl: happy hour in the office. companies lowering the line between work and social life. more businesses say that chatting over a beer helps connect colleagues from different depaatments. boston advertising agency are among the many businesses to drink on the job while providing full bars, beer fridges can't even digitized tags. comment now. dennis: liability.

cheryl: productivity question. dennis: stocks jumping. brian jacobson joins adam and lori on why he thinks this will push back the tapering plan at the fed. cheryl: lou dobbs on the supreme court ruling on gay marriage. adam and lori coming up. i can confirm they do not drink at work. ♪ every parent wants the safest and healiest products

for their family. that's why i created the honest company. i was just a concerned mom, with crazy dream. a wish that there was a company that i could rely on, that did all of the hard work for me. i'm jessica alba, and the honest company was my dream. [ male announcer ] legalzoom has helped a million businesses successfully get start, including jessica's. launch your dream at legalzoom today. call us. we're here to help.

>> welcome back to market now. i am adam shapiro. lori: i am lori rothman. >> the bottom falling out as gold marks the steepest quarterly drop since the precious metal began trading.

lori: is there such a thing as too much transparency? >> the victory for gay marriage. the supreme court strikes down the denial of federal benefits to legally married same-sex couples. time now for stocks. nicole petallides. we are still in triple digit gains. nicole: they think they are on the way, at the moment. you see triple digit gains. we have pulled back some. we are up about 104 points right now. it actually is the same for the nasdaq and the s&p 500. we are seeing winners across the board. i heard you note