crash in san fransisco now focuses on the crew and the aircraft. we will have the very latest on what happened just before the plane clined the end of the runway and crashed. the deadly train derailment in quebec, explosions fueled by the oil, taking five lives. we'll get into that side of it, and we have a crisis in egypt, developments there with 50 dead after more clashes erupted in cairo. reunited, our friend charlie and the former sheriff of wall street, elliot spitzer, got together this morning. spitter, in case you have not heard, is running for public office again. we have that and more planned as well on this hour of "markets now." ♪ dagen: top of the morning to you. connell: reunited to you as

well. dagen: spitzer, wiener, you, me, the whole crew. spitzer is just the gift that keeping ongoing. connell: in some ways. who knows, you're right. dagen: still keep op trucking is the word of the day for the markets. top of the hour, stocks now, nicole at the new york stock exchange with why the optimism, nicole? >> we continue to see the strength. the dollar pulled back some today, and last week, we've seen strength in the dollar recently, and when the market rallies, you see a dollar pull back which is what turned the market around after the financial crisis, the multinationals did better, but right now, as i said, the dollar pulled back. we've seen dividend paying stocks and utilities, those things out of favor with the treasury yields gaining, and financials continue to do well and up arrows. we are not too far off all-time highs again. a good month, up 2 #% this month. back to you. dagen: thanks, nicole. con cop to the national transportation safety board

saying the asiana plane that crashed in san fransisco was coming in too low and too slow before hitting the sea wall in front of the runway. dagen: it appears to be two words, "pilot error," and rich edson has the latest. hey, rich. >> they are stressing this is a preliminary investigation, but those black boxes, flight data recorders, arrived in the washington, d.c. area at the ntsb area, and they are showing there is no mechanical error found from the flight data recorders in the accident. it unfolded, and signals unfolded in the last couple seconds of the flight. what to maintain, they say, a 137 knots upon landing, they were nowhere near that speed, coming in too low on that issue, and they are saying now that it's pointing towards what would be pilot error, perhaps they tried at the end for another go-around to give it acceleration to abort the

landing, but at that point, it was too late. the focus is now on the pilot. the spokesperson said that pilot had less than 10,000 in the air, fewer than 50 hours on the triple seven boeing airplane involve the in the crash. look at how the stock of the airline opened this morning, down more than 5% in early trading. we'll have a briefing from the national transportation safety board in san fransisco. that's expected this afternoon at 2:30 eastern time, 11:30 local. still, investigations continue, expected to be out there the rest of the week investigating it, perhaps longer as they still go through all details of this. back to you. dagen: thank you, rich edson, down in washington. rob mark, a 30-year aviation veteran, flight instructor, former supervisor, air traffic controller with the federal aviation administration, now the publisher of jetline.com joining us on the phone.

rob, good of you to be here. my dad's a lifelong pilot, and i, of course, talked to him on the phone this morning, and the reaction from him and other people has been this looks like pilot error, and it looks like what would be a rookie mistake. what do you say? >> caller: i think your father's a smart man, as a matter of fact, dagen, and, you know, having been -- thank you for saying i've only been around for 30 years. it's been closer to 40. i appreciate that. dagen: you're welcome. >> caller: seriously, this is shaping up as pilot error issue, and i really predict this will be a big a water shed issue for pilot involvement in the, you know, in the cockpit as the air france crash was for just the technology alone because it -- there just doesn't seem to be any reason why this aircraft got so low and so slow so close to the airport and no one did anything about it. there were four pilots in the

cockpit. dagen: i guess it's a blessing that these instances are so few and far between these days that it was really a bigger shock than it would have been some years ago because we have not had a major airplane crash in recent years. >> well, you're right. we have not had a crash on u.s. soil in quite a number of years, and, of course, while this was not a u.s. carrier, i think that's going to be the focus really because the training, although it should all be the same in all the countries around the world, i think the culture and how people operate inside the cockpit is really going to become the focus after this accident, and, again, for those of us what fly, we can want imagine what those guys were doing up there, and, you know, four of them, and basically, nobody said anything until the last second when it was too late to do anything. dagen: as my dad said, when the stick shaker, when the stick

begins to shake before a stall, a said there's one thing that every pilot would do in that instance when you knew you stall an aircraft of that, and that would be to mess yourself. not to make light of this, but what do you think, if any, will be the impact on air travel in this country? >> well, i think one thing we have to keep in mind is that air travel is still very, very safe, and this accident was the result of a crew from another country, although it happened on u.s. soil, but we're still going to have to keep our eyes open all the time to make sure we don't relax our standards because we, you know, although we've reached a great pinnacle of safety, it's going to take work to remain there. it's not like, wow, we've made it to florida and the drive is over. dagen: rob, great to speak with you, thank you so much. please, come back, and hopefully

we'll have better news to talk about. >> caller: i'll be -- thank you, and 30 years is just fine, just say that again. i like that. dagen: 30, 40, we'll round up. thank you so much. connell: not better news now, unfortunately, latest developments of the derailment in canada, five dead, 30 # buildings incinerated, and a tourist town in the province of quebec over the border from maine as you see there on the map. the devastation making tough work to search for survivors. the train was parked outside with no crew members on board, but the locomotive was shut down resulting in the relesion of air brakes that was holding the train in place. investigation continues. of course, this story is of interest to the financial markets. particularly, the oil market since oil today is at $103 per barrel. the derailment pushes to the forefront the debate over the transport of oil over long

distances so you enter the keystone pipeline propoems and the phil flynn is live at the floor of the cme today. basic question, you transport oil, you do it by train in this case or do you do it by pipeline? >> i think it's obviously to do it by pipeline, but they are both relatively safe ways to transport oil, but, of course, by pipeline, it's three times as safe as it would be by rail. if you imagine, by rail, so many things could go wrong. you could have accidented, a freak accident like we had in qu beck -- quebec, and there's a dramatic increase in the amount of oil move by rail, and despite the fact they have a very good track record, the more oil you move by rail, the more chances for these types of mishaps. connell: phil flynn in chicago, back to phil throughout the day

as the story develops. we also have at least 50 people killed after clashes erupted outside a military building today in cairo. violence in egypt just continues, and we have with us now the fox business military analyst captain chuck nash. a lot of news today. captain, good to see you. boy, egypt, what should the u.s. do now? >> well, first thing we ought to not do is do anything really radical, and by that, you've got people talking about cutting off the military assistance that we give to egypt. you couldn't put together a better test of who is doing what for america than the egyptian military taking morsi out of power so i don't know what more we're expecting from those guys and the talk about cutting off the aid to them would be really, i think, penny wise and pound foolish. connell: interesting discussion. senator mccain made a number of headlines on the sunday talk shows yesterday using a word that other american officials,

particularly those inside the administration have been reluctant to use, "coo," and the question is if it was a military coo, technically, that removed morsi from power, then we should be cutting off the foreign american aid, and you say, no? >> what i say with the iranian people, after that, would they want a redo and maybe we could have avoided all of the pain that the world has experienced since the mu las took over in iran in 1979. well, morsi came in, the iranian people thought they were getting a democratic revolution too, and they didn't. they got something else, but they were powerless to do anything about it because they immediately got involved in a war are iraq, and that iran-iraq war went on far longer than it should have because they were trying to consolidate power. you throw morsi thing in there, not to say the egyptian people are all democracy oriented. they are not. they are sharia oriented, very

strict muslim ore yes , -- oriented, but there is a democratic faction inside of egypt so those -- those two factions came together, and that was the coalition that elected morsi, and he broke. connell: to characterize it as such, is that fair? >> yeah, i characterize it as such. the military came in, removed the elected leaders from power, and now has taken over just as has been done in turkey multiple times, and it's now been down in egypt, yes. connell: even with that, unlike what senator mccain said, keep foreign aid going, and it ends how? how does it end well for the u.s.? >> i think the egyptian military works with some of the political leaders in egypt to reschedule some elections. morsi, if he wants to run again, let him run again even, but the fact of the matter is when he broke and bulldozed the courts,

rewrote the constitution, all that, good luck trying to get the votes. what this is about, though, is an economic problem. as islamist as he is, if he had fixed the economy and had people eating and had jobs, we wouldn't be having this conversation, but because he is a strict islamist and gooned the economy, now he's dealing with the aftermath. connell: even though he was elected, another part of the discussion, but, again, more than 50 dead today, and we'll have more on this as it develops as well. captain nash, good to talk to you, thanks for coming on. >> you bet. dagen: u.s. companies turning more and more to temporary workers to fill job. what's that mean for the future of the country? con cop we'll talk about it, and the second richest man in the world, by the way, behind bill gates, is writing a big check for shazam? details ahead. ♪ [ indistinct shouting ]

♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ 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. ♪

[ villain ] well mr. baldwin... it appears our journey has come to a delightful end. then i better use the capital one purchase eraser to redeem my venture miles for this trip. purchase eraser? it's the easy way to erase any recent travel expense. i just pick a charge, like my flight with a few taps, it's taken care of. impressive baldwin. does it work for hotels? absolutely thank goodness. mrs. villain and i are planning our... you scare me. and i like it. let's go what's in your wallet? your chance to risand 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, we help you shine every day of the week. connell: nice rally, and back to nicole for stocks now, and chip makers, though, hit today. >> right. they are not participating in the rally seen this month.

up 2% today, up over, right now, up a hundred points on the dow jones industrials, and chip makers, on the other hand, a down arrow, particularly intel down 3.5%, and they led the down swing in the group after citi group had a bearish note and cut estimates on intel and call qualcom after the top pick list, and despite the fact there's the market, overall, the group, it's difficult to believe intel shares break to the upside in light of the pc environment, and overall, the group is weak, and looking here, year to date, intel doing well; right? today, clearly, this dow component is hit because of the citi group note. back to you. dagen: thanks so much, nicole. one of the reason of the two-day market rally, friday's job report better than expected, but a troubling area is exploding still, temporary workers. that number of temporary workers

in the country is up more than 50% in the last four year, and what to make of that, for the future? joining us from stanford, connecticut, the senior economist at rbs. michelle, always a pleasure to see you. is this going to change and the fact that more and more companies use temporary workers, are we going to see stubbornly high unemployment for years? >> well, a couple things. first of all, i'm not sure i think that the trend in hiring a temp rare worker changed all that much. the pace of hiring of temporary workers now looks similar to what we saw in the expansions in the late 1990s, the last expansion that we had in the mid, you know, 2004-2005 period, and so i'm not sure that that 50% increase is not just reflective of the fact that hiring has pickedded up, and, of course, early in the recovery, there was emphasis on temp hires, but as of late, that's not the story. i think part-time workers instead of full-time workers is

perhaps a bigger trend emerging. dagen: in terms of getting the overall unemployment rate down, is the fed, at this point, powerless to do that? do you think the fed's activity impact bringing unemployment down? >> no, and i don't think that the feds' actions have had all that much to do with bringing employment down at all in the sense of, i mean, i guess on the margin, and it's helped to keep equity prices firmer and asset prices and probably contributed a bit, and recovery, but a lot of that, i think, is reflective of just the turn around in the economy. growth has not really picked up, nor has the pace of hiring picked up. even though the fed has undergone this, you know, expansion of the balance sheet so in the end, i think that comes down to what companies think about the future and they are cautious, which is why the pace of hiring is still disappointing, better in recent months, but not where we want to

see it. dagen: longer term interest rates up with the idea that the federal rereceiver will reduce how much it's buying in bonds every month. can this economy handle that? i don't want to call it a rate spike, but it's pretty doggone close. >> well, that's true, and it is something we are watching. now, the one thing i'll say is up like prior expansions, this has not really been an expansion fueled by lower interest rates. they cut rates and sectors of the economy like housing and autos take off. that's happening now, but it was really kind of slow to get going, and it was tough until the economy itself got going. as long as we have jobs, we're going to be okay. i don't think this back up really puts the economy at risk. now, again, our expectation is also we're not going to see rates rise further from there so at these levels, i don't think it's going to have a significantly dampening impact on growth. dagen: great to see you.

>> thanks so much, take care. dagen: michelle with rbs. connell: new developments, why he's betting big on -- what did you say earlier? dagen: shazam! connell: right. dagen: mark farber, mr. doom and gloom, what he thinks bow -- about the federal rereceiver and why the central bank is far, far away with being done with bond buying. how are the markets holding upright now? we like green. ♪ with fidelity's options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens, and i helped create

fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. she loves to shop online th her debit card. and so does bill, an identity thief who stole mary's identity, took over her bank accounts, and stole her hard-earned money. unfortunately, millions of americans just like you learn all it may take is a little misplaced information to wreak havoc on your life. this is identity theft. and no one helps stop it better than lifelock. lifelock has the most comprehensive identity theft protection available. if mary had lifelock's bank account alerts, she may have been notified in time to help stop it. lifelock's member notification service is on the job 24/7. when you receive a text, e-mail, or phone alert, you can respond instantly if you suspect fraud to help stop identity theft before the damage is done. lifelock has the most comprehensive

identity theft protection available, guarding your social security number, your money, your credit, even e equity in your home. my years as a prosecutor taught me that we all need to protect ourselves from crime. in today's world, that includes identity theft. it's a serious problem. we all have to protect ourselves. [ male announcer ] while identity theft can't be completely stopped, no one works harder to protect you than lifelock. you even get a $1 million service guarantee. that's security no one can beat. you have so much to protect and nothing to lose when you call lifelock right now and get 60 days of identity theft protection risk free. that's right. 60 days risk free. use promo code notme. order now and get this document shredder to keep sensitive documents out of the wrong hands. a $29 value free. don't wait until you become the next victim. ♪

♪

>> 24 minutes past the hour right now, this is your fox news minute, and at this hour, kerry reportedly still in critical condition, in the intensive care unit of the boston hospital. the wife of secretary of state john kerry flown to massachusetts general last night after doctors in a hospital were able to stabilize her saying she's showing symptoms consistent with a seizure. 74-year-old kerry married then senator john kerry in 1995. former democratic new york governor, elliot spitzer, attempting a political comeback reported that spitzer, who resigned as governor after a

2008 prostitution scandal is reportedly planning a run for new york city comp comptroller. he was a host on cnn and current tv. texas governor rick perry scheduled a news conference in san antonio this afternoon already the longest servest governor in texas history expected to announce whether he's seeking a fourth term next year or make another presidential run. those are your headlines. we'll have an update on all that. back to you. connell: thank you very much. >> you're welcome. connell: pulling the plug. the new york post reports the city of new york will pony up for the bloomberg terminals once mayor bloomberg leaves office, something the city has not done. a spokesperson for the company saying that to avoid conflict, bloomberg lp agreed to waive costs of the services once the founder was the mayor. new york city had been paying -- had been a paying client, had bloomberg terminals before mayor bloomberg took office, and when

the free ride ends in december, this costs taxpayers, if they keep them, $1.2 million a year. carlos slim investing in shazam, nearly 11% stake in the app developer, it's a song identification app for mobile devices with over 70 million monthly active users including an agreement to preinstall the apps in latin america. he's second in wealth behind bill gates. dagen: to you use it? connell: no. do you? dagen: i do, but it's annoying. it's all integrated with television shows and movies so if you do a song in a movie, it's an ad and tries to push you into buying it, it's annoying. connell: thank you. it's annoying even to hear you say. dagen: undoubtedly. a russian official says

venezuela is snowden's last chance at asylum. we'll have the latest. connell: oh, snowden. mark farber, dr. doom, as well, says at the rate we are going, the feds will need many more rounds of stimulus. don't worry about tapering yet. s&p winners today, markets doing well to start off the week, and here's individual stocks leading the way. ♪

dagen: bottom of the hour, here's what's coming up on "markets now," and dr. doom is

with us a that at the rate we're going, the federal reserve will have to deliver more rounds of stimulus. edward snowden is urged to accept venezuela's offer of political asylum before time runs out. the disgraced former sheriff of wall street, spitzer, throwing the hat in the political ring ready to run for comptroller. we have charlie's take ahead. connell: that'll be great. we have, well, nicole joining us every 15 minutes with stocks now. back to her at the exchange to talk earnings. >> looking forward to that interview, and looking, also, at the major markets seeing all up arrows across the board, and as earning season is here because, today, after the bell, alcoa, dow component, alcoa sets off earning season. it sets the tone, and we'll watch jpmorgan and wells fargo later in the week.

financials are so key and telling; however, while we wait for the s&p 500 companies to report, it may not be that alcoa leads the way giving indication because over the last year, alcoa is down over 10%, and major market averages up 20%. you have to take it sector by sector and get an understanding of the big picture overall because one stock does not set the entire tone anymore. it used to be that way, but it doesn't feel that way anymore. back to you. connell: looking broadly at the economy while investors came in and say they are afraid when the fed eases its stimulus program in the not so distant future. next guest is here to say that there will be plenty more rounds of stimulus to come. how about another 96 rounds? on the phone from thailand, mark farber, editor of the doom and gloom report. nice to talk with him. you don'ted is finished yet? >> caller: no, i don't think so.

i see several possible scenarios. either the economy next year is still relatively weak and don't forget the jobs report on the surface was very good, but if you analyze the details, the majority of job gains were part-time jobs, and jobs were lost in the manufacturing sector and full-time jobs. it's a mixed picture. secondly, the fed announced that possible tapering at some point. there are in the bond market tank and the stock market also ease. i think the fed would like to see the stock market going down somewhat so they can go public and say, look, we need to ease more; otherwise, asset markets decline, and we have a gain of problems.

connell: right. >> caller: the thinking at the fed is regardless that they are in a bad position, but they argue. connell: talk about what type of assets you want to own in that environment if you're right, if this does continue for some time. you talked about stocks and bonds. what about gold? we showed at the bottom of the screen when you were speaking, the fact you'd rather own bonds or gold than stocks in the environment. i read before we got on air, an interview with jim rogers who would not buy gold now in the midst of making a complicated bottom. more to the downside, showing it over 1200, and jim figures it's between 900 and 1,000. how do you see gold? >> caller: well, he may know more than i do. it's possible it drop further. it's also possible that even the incredible very sentiment that

they are thinking about, the outlook of the price, and given the stock of gold declined by almost 40%, and also begin the money printing that we have around the world, that gold is making lows right now, who knows. my sense is that we never know exactly which is the high and which is the low. that's why there are more poor people than rich people otherwise everybody buys at the low, sells at the high the same day. connell: are you hanging on to gold, or is that something you say, all right, let me add to the gold holdings right now? >> i'm holding gold. i will never sell my gold, and i'm buying more on this weakness. connell: okay. going up at 1200? >> well, i think it's an asset that's not a liability of somebody else. i feel deeply uncomfortable to

hold cash with banks, and i think that we are in an environment where financial assets are going to come under a lot of pressure at some point. con cop right. >> caller: now, will that some point be with dow jones 20,000 or 15,000 or 30,000? who knows. all i know is that the financial sector is disportionally large to the global economy, and that there will be a massive deflation in financial assets. connell: at some point, mark, interesting to talk to you. hope to have you back soon. have a good day. >> caller: well thank you so much. dagen: the latest on edwardsnow den. one member in russia urges snowden to offer venezuela's offer before it's too late. connell: live in washington,

d.c. with the latest, katherine? >> well, thank you, and good morning. the president of venezuela, believe ya, and offering asylum to the leaker who is in the third week in the transit zone of the moscow airport. cuba is a transfer point likely, so it's significant this morning the cuban president is signaling he'll support any decision to help edward snowden. in addition, daniel ellsburg who leaked pentagon papers in the vietnam era wrote that he did the right thing fleeing the country adding the 30-year-old contractor would be incarcerated pending trial unlike ellsburg released on bail. he writes, quote, i hope snow den's revelation spark a movement to rescue our democracy, but he could not be part of the movement had he stayed here, zero chance of bail if he return now, and close to know chance, had he not left the

country, he would have been granted bail. based on a review of the documents that asked the vens way la government to hold snowden before returning him to the u.s., appears snowden may have a way around the revocation of the u.s. passport. according to the documents, the passport was revoked the same day criminal charges were against him in the virginia federal court. the documents also warn that snowden could have a second passport to travel on reading in part, quote, june 2013, the passport was revoked, but he may have another passport, number redacted, which he previously reported as lost or stolen. in addition, a london advocacy group filed a former complaint against the nsa and e equivalent in britain for monitoring citizens and sharing this information between governments without meaningful, legal oversight. back to you. connell: thanks.

>> you're welcome. dagen: a big to-do list for lawmakers returning to capitol hill today. the least of which is dealing with our debt ceiling. yeah, we're going to talk about that again. connell: and reunited, and it feeled -- i don't know how it feels, but the former sheriff the wall street, elliot spitzer. dagen: this is a moment where i'm going to sniffle. connell: why it happened, and charlie is here talking about spitzer set for running for public office again. dagen: more on shazam, and cheryl and den sis -- dennis talk with the ceo of shazam in the next hour of "markets now." ♪ you think about risk. i d't like the ups and downs of the market, but i can't just sit on my cash. i want to be prepared for the long haul. ishares minimum volatility etfs. investments designed for a smoother ride. find out why 9 out of 10 large professional investors

choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objective risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. [ 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 what you do... even better. ♪ >> this is your fox business brief. roughly 85% of the defense department civilian jobs worldwide will be furloughed this week, that's 650,000 people going without pay a day a week over the next three months. if automatic budget cuts continue as planned, officials worry the pentagon will be hit harder next year having the layoffs. fewer homeowners owe more money on properties than they are worth thanks to soars prices. thanks to core logic, 20% of the nation's mortgaged homes were underwater at the end of march, and nevada has the highest percentage of the homes underwater. morgan stanley boosting the

travel broker to overweight citing easing margin pressures and priceline is touches fresh multiyear highs in recent sessions. that's the latest from the fox business network giving you the power to prosper.

dagen: lawmakers on capitol hill today, and several issues expected to create major tension between democrats and republicans, but let's start with raising the debt ceiling. again, david e editor of the con receivertive briefing, and columnist, great to see you. what's the game plan here for the republicans to deal with this, and they are going to demand cuts. >> the white house is very likely to resist. as far as the -- the debt ceiling questions, we remember that last time it ended up going down in a way that i think no one predicted, that we ended up

with the deal that eventually got us the sequestering and a tax deal, and so it's hard to, you know, but i think that one disadvantage obama has this time is that all of the mongering from last time on defaulting on dealt, ect., since it didn't come to pass, people this time are less likely to be fooled. say the same about sequestering that because the world didn't end, that all of the kind of -- i think it all puts obama in a weaker negotiates position than he was the first time we faced this crisis. dagen: do you think that because the sequesteration cuts are somewhat different than not raising the debt ceiling and potentially not being able to make payments on the interest on our existing debt, david, so my question is are the republicans willing to take it that far? to call, if you want to call it

a bluff, say we're not, you know, we are going to demand spending cuts for raising this debt ceiling. are they willing to push at that? >> right. well, you know, it's anyone's question whether they are going to have the results, but it did work last time, and, you know, in the last debt ceiling crisis in 2011, they managed to get the sequesteration out of the subsequent deal with that one, and so if you have someone going once, you are in a better position working against them than you are being in his shoes. dagen: what else is lining up? immigration reform, do you think that moves? now you have issues with obamacare, the one-year extension for the employer mandate handed down by the white house, and now you have that playing into the immigration debate if we want to complicate matters more. >> well, right. specifically, you had congressman labrador of idaho, a

key figure among conservatives as someone people trust if he says this is a good deal, and he went on television yesterday saying it's not a good deal because we see what the obama administration's doing with obamacare. they are just going to sort of pick and choose which laws they want to enforce, whether or not they have the statutory authority to do that, and so if we pass immigration reform bill, he says, what's to guarantee they are not just going to completely ignore and override whatever parts of it they don't like? i think that makes it harder for the house to act, makes it harder this wednesday when the republican conference meets to discuss the issue, and makes it harder for republicans to unite around the bill of anything that's remotely compatible than what passed the senate which is going to make the issue trickier going forward. dagen: makes for an interesting summer, we know that. david, great to see you, thank you so much. come back very soon. >> thanks so much. dagen: be well.

connell: stock market rallies, and another edition of "stocks now," we welcome in mark, and we are focusing on dell, a stock up in today's market, and the news here is that michael dell's attempts to make the company private got a boost, iss now behind that. how do you think this ends up with dell as a privately held company? >> i think that iss is probably correct. they suggested that the shareholders approve michael dell and silver lake partners' deal for several reasons, most important, of course, it's an all-cash deal. the second they believe that icahn has adequate financing, but we'll see. the meeting is set for next thursdays, the 18th of july, and seems to me investors prefer an all-cash deal, and it's important to note that to hold the shares in an environment where the personal computers have seep, really, the start of at least a deteriorating environment for the stocks, you know, makes a more deal

preferable. because it's a hefty premium above initially when they announced it, that merits a lot of attention. connell: 3% for the stock today. mark newton, thanks a lot. >> my pleasure. connell: our own charlie was reunited with his buddy, elliot spitzer, former new york attorney general, there they are, on cbs. dagen: looking jocular, ready to run for public office again, comptroller of new york city, and charlie is here to talk all about it, and we can't wait. ♪ 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, we help you shine every day of the week. the most free research reports, customizable charts, powerful screening tools, and guaranteed 1-second trades. and at the center of it all is a surprisingly low price -- just $7.95. in fact, fidelity gives you lower trade commissions than schwab, td ameritrade, and etrade. m monica santiago of fidelity investments, and low fees and commissions are another reason serious investors are choosing fidelity. now get 200 free trades when you open an account.

>> we waited for the moment, and

it was quite the moment this morning, our very own charlie appeared on national broadcast tv with former new york attorney elliot spitzer. here, listen to this. >> the last time you interviewed with was him. >> the book, the new book, which is great, and he said nice thing about me. >> you're in the book. >> there you go. >> the financial scandals now, compared to what he did, it was interesting what he did. >> okay. >> i didn't perpetrate. >> save that for the tv. >> nice to see you guys together and getting along here, and, by the way, for context, charlie was there to promote his new book "circle of friends" that led to the conversation of spitzer talking bowel his, well, future. charlie is here. >> you remember when he said we spoke about, you know, some of the stuff you did what was interesting, and he said i prosecuted them, not

perpetrated; right? i should have said you prosecuted and perpetrator. spitzer left, i believe, in 2008 amid a scandal, you know, he was caught sleeping with prostitutes. i don't know if there's any other way. i did interview him in the green room. i'm a reporter. i said, what the hell, i'm going for it. they said they are running for new york city controller, the chief fiscal officer. that's a huge financial position in the municipal bond markets and new york city issues more bonds than any other place other than california. dagen: a huge job. >> a huge job in the financial markets. that's what he's going for, and i wrote a story he wanted to be mayor earlier in the year or last year, but he danced around it. that's what he's doing. i asked, basically, why did you do this? he says this, thinking the public is not interested in the prostitution scale dan --

scandal, but it's a press thing hoping the public gives him a second chance. he made the decision to run over the weekend, kind of odd. he said he's going out there over the weekend. connell: he has to rush. he's in a hurry. >> i asked if there's polling, and i used to live by the focus group, and i took no polling here. it's interesting. we got into the book. one of the interesting things that spitzer said about the book, and there's reports out there whether they are going to charge cohen or not charge him, and in the book i basically said the case against him is the criminal case against him that's extremely difficult unless matthew, the guy indicted for trading the drug stocks and had the conversation with him right before he traded those drug stocks flips, and because there's no tapes, he has to flip. as i said, he's not flipping. that -- but that doesn't mean that cohen is off the hook. i can tell you this. this is what the book points out in the trace of 2007 to until,

there's other means, and there's a lot of other means to go at him, maybe poly he didn't supervise his employees right. we -- i should point out these the feds talking, not me. the feds believe steve cohen runs a fairly -- they think it's a criminal enterprise. you know, no other way to put it. that's what people in the justice department believe. they approached, and there's a scene in the book, they approved at least one witness with a chart that looked like a mob chart with steve cohen's face on top and lines going down to the other alleged problematic people in this scheme. there's a chance they can go after ricco indictment of the firm or indictment of the firm or go after steve as a civil case, we should point out, and i'm a believer in civil liberties, innocent until proven guilty, written on this extensively. you need the goods to bring the case. they believe there's something dirty here. he says there's not.

there's an impasse. nothing may come of this. the book traces the releaptless pursuit of him and what is insider trading, and should they waste this much time of it. connell: it's called "circle of friends." >> "circle of friends," on sale last week, but today is the real date. connell: it's funny, you and spitzer together again. >> i look for transitions all the time. dagen: maybe people don't care about prostitution, butted media has a long -- butt the media has a long memory, and he was a big jerk. >> hank greenberg and dick grosso second that. connell: charlie thanks, and good luck with the gook. shazam that we talked about earlier, with dennis and cheryl in the next hour of "markets now," the ceo of the music service, the world's second richest man writing a big check to fund it. dagen: latest investigation into the asiana aircraft crash.

an air space analyst who says it could have long term business everyone cations for all the south korean airlines. ♪ [ children shouting, laughing ] [ male announcer ] this could be the summer she jumps into the deep end... ...he gets on that roller coaster... and you finally take that long weekend. it could also be the summer you get your identity stolen. last year, 12.6 million identities were stolen.

that's why you need the proactive protecon of lifelock. if you're planning a summer vacation, you'd better include plans to protect your identity. because while you're busy having fun and not thinking about identity theft, you become an easy target. [ male announcer ] every time you buy a plane ticket, pay for dinner, or pull out your credit card for a souvenir, you give thiev a chance to steal your identity. d that could cost you the money in your bank accounts, your ability to get credit, even the equity in your home. you have to protect yourself, and lifelock offers the most comprehensive identity theft protection available. lifelock's member notification service is on the job 24/7. when you receive a text, e-mail, or phone alert from their "not me" system, you can respond instantly if you suspect fraud to help stop identity theft before the damage is done. and lifelock stands behind their protection with the power of their $1 million service guarantee.

last summer lifelock protected over 2 million people, and this year they can do it for you. call 1-800-417-4350. or go online and get 60 days of lifelock protection risk free. that's two full months of proactive protection to help keep your identity safe this summer. order now and get this document shredder to keep sensitive documents out of the wrong hands. a $29 value free. call 1-800-4-4350. or go online to lifelock.com/plansafe. use promo code plansafe, toet your free shredder and get 60 days of lifelock protection risk free.

♪ cheryl: build eastern time. i am cheryl casone. dennis: i am dennis kneale. cheryl: investigators focusing in on and inexperienced pilot. this could have long-term business implications for the korean airline. dennis: the deadly oil fueled canadian train derailment. it is top of the hour.

it is stocks every 15 minutes. nicole: we are starting this week off with some of the arrows. not too far off from our all-time high. so far so good. up about 67 points. we were up 127 points. technology has been weighing on this market. that is something that has been weighing on it. financials are holding on nicely. that will help things along. gold is higher today. up 21 points. the bulls still have it. cheryl: we will take it. see you in 15 minutes. the debate over the safety of oil transportation has been reignited. safer by rail or by pipeline?

leading to the evacuation of 2000 folks in that area. all near the border of maine. phil flynn joining us now. i kind of want to get your sense on what the traders are saying. does this make the case for the pipeline? does it affect the contract at all? >> i think that it does. more and more, this looks like a freak accident. they are not expecting a whole bunch on the regulatory route.

we talk about millions of gallons of crude that was transported by rail last year. only a very small% actually spelled. it is very safe. if you look at pipelines, it is actually three times safer than that. there is no dow with the increased production, the more pipelines we have, the lower the risks of these types of accidents. it will be a better deal for everyone. cheryl: you do not think it will heard the debate about getting oiled down to the united states. phil flynn. thank you very much. dennis: stocks still have lots of room to run. david joins us now. they have had a great run since 2009.

>> when you look at the 2000 highs where inflation is now about 36% more than it was about then. we are actually well below the prior peak in 2000. dennis: what do you figure makes stocks look good at this point? >> there are a number of reasons to be optimistic. valuations are still quite reasonable. of course, interest rates are still low. you have a strong housing market. consumers are able to refinance their mortgages. the economy is itching along. it is inching along in the right direction. dennis: can stocks continue to rise even if bond yields continue to rise?

>> that is a great question. i think at the end of the day, why are interest rates rising? the fed is tapering back in light of a much better than expected economy. dennis: okay. the fed has avoided letting inflation breakout. if inflation erodes, can stocks continue to rise? >> well, i mean, you need to start drilling down into the market and look at various sectors. energy stocks, commodities stocks. the profit margin may be squeezed. that would not be so good.

dennis: you had actually told investors to stay away. should they stay away now? >> we just saw the worst quarter for the yellow metal since 1922. down 24%. at this point, i think this is a time where you may want to start nibbling and get entry here at a very opportune price. dennis: that is quite interesting on gold. talk to us about city and hewlett-packard. >> few companies benefit as much from higher interest rates. the time between tapering and tightening. tapering means less bond being purchased. the interest rates on the long and of the curb going up. banks can make more money on their loan.

citibank has a very unique franchise to take advantage of. dennis: thank you very much for being with us today. cheryl: getting some breaking news. the president just finishing remarks on his agenda. it looks like the president is really focusing on tech knowledge he for his second term. peter: that is right. he has had a very difficult time getting anything through this congress. this is another initiative by the president to take administrative steps using executive power to try to provide more efficient, more streamlined government. he said his team is working on making government forms simpler. the bid processes simpler.

he didn't put a little pressure on congress saying that he has submitted legislation to allow him to do more to reorganize government, but so far they have not responded. cheryl: peter barnes. thank you. dennis: national transportation and safety board saying that the jet that crashed in san francisco was coming in too low and too slowly before heading the sea wall in front of the runway. rich accident is in washington. rich: you mentioned it, the plane was coming in too low, too slowly.

at the very end, the pilot tried to abort the landing. >> one and a half seconds before impact, they call for a go around. they are communicating with each other saying they want to abort the landing and go around and try again. we know that they did not achieve that. we want to understand what was going on. rich: the focus is the flight crew. we will get an update from the ntsb this afternoon from san francisco. that is expected around 2:30 p.m. eastern time. the ntsb expressing we are still in the preliminary stages of this investigation. back to you. dennis: thank you very much. rich edson. cheryl: the stock hitting 839

month low. the stock at one point hitting a level it has not seen in three years. this crash could have an impact on all of these airlines. korean air, number one airline in south korea, with this stock drop, how big of a problem is this? >> i would just say from a managers perspective, we have had pilot error accidents before. airlines are able to weather them. it is important on how they handle it.

cheryl: carter, you flew for the u.s. air force. let's talk about the pilot and what exactly happened in this cockpit. he was getting close to landing. those sirens were going off a second and a half before the plane hit the ground. why did it the pilot in charge take over? >> we do not know that yet. if it turns out to be a pilot error issue, the investigators will quickly look at the voice recorders to see what the environment was in the cockpit. is anyone speaking up when they should be or are they remaining silent? it does appear that any type of callouts that were made appear to be much later than most people would expect. cheryl: is that a cultural

thing? that has already been spoken about a couple of times in the last 24 hours. you do not disrespect the pilot in charge of the plane. that is why his copilot did not speak up. he had 43g44 hours already on 777. >> it is hard not to talk about it. they ultimately addressed it. they call it the authority gradient 11 piland has a lot more time. that is what the ntsb will be looking at very closely if they do determine that this was pilot error. we still need to wait and see.

cheryl: they knew that the ground warning system was inoperable. that was another thing that may have contributed to this as well. when this started breaking on saturday, the 777 is one of the most popular. it is a solid aircraft. this is the first fatality with the 777. they have a more energy efficient version coming out. does any of this play into what this means for boeing? >> it really doesn't. the triple seven has certainly proven itself into accidents to be an extremely robust airplane. i think that at least the triple seven itself is proving to be quite the airplane.

cheryl: this is quite a story. thank you very much. >> thank you. dennis: the world's second richest man writing a check for shazam. cheryl: going for over $300,000. we will go inside the auction of an apple one. ♪ [ male announcer ] at his current pe, bob will retire when he's 153, which would be fine if bob were a mpire. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found someone

who gave him a fresh perspective on hisortfolio. and with some planning and effort, hopefully bob can retire at a more appropriate age. it's not rocket science. it's just common sense. from td ameritrade. it's just common sense. you know it even after all these years. but your erectile dysfunction - you know,that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be 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 needingo go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an 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 immediate medical help for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or if you have any allergic reactions

such as rash, hives, swtongue or throat,s, or difficulty breathing or swallowing, stop taking cialis and get medical help right away. ask your doctor about cialis for daily use and a 30-tablet free trial. to fly home for the big family reunion. you must be garth's father? hello. mother. mother! traveling is easy with the venture card because you can fly any airline anytime. two words. double miles! this guy can act.

wanna play dodge rock? oh, you guys! and with double miles you can actuay use, you never miss the fun. beard growing contest and go! ♪ win! what's in your wallet? cheryl: checking a few stocks on the dow 30. the stock is up by seven cents. we are also looking at a few other things. united health group is trading higher. look at the bottom of the screen. we are taking a look at mostly tech knowledge he names. i do want to point to also to intel. this is the dried on the stock right now. nicole petallides on the floor of the new york stock exchange. nicole: we are seeing a lot of

tech stocks under pressure today. let's take a look at how the stock is staring at the moment. it was downgraded to an underweight from an equal weight this morning. the price target went to $20. also worth noting that citigroup also cut intel today. really intel is out of favor. when you look at it big picture, the question is, what happens going forward. we will see what happens. when you take all of the analyst together in price together 2370. that reflects, obviously, a discount. cheryl: that would make a lot of sense and kind of play into the

rest. thank you. nicole petallides. ♪ dennis: time to make a little money with charles payne. charles: cf industries. this is more of a longer-term play. you have your old argument. population growth around the world every year. they are getting richer and they want high-protein diets. it seems like a slam dunk, but it is not always a slam dunk. corn is the main user of their fertilizer. corn prices have gone up really nicely. natural gas prices, 70% of the cost comes from net gas. that is a wonderful scenario. what we saw, of course, demand goes up and down. i think that gas prices will

hold up pretty well. it has a pe under eight. if you look at any traditional evaluations metrics, this stock screens. i like where it is in terms of value. cheryl: 1077 a share. that is a pretty expensive stock. charles: i find almost every stock, stocks under ten are typically expensive. the share price does not mean anything. i am glad you brought it up. people would rather buy a hot one dollar stock. the risk, people do have to eat. the stock moves up and down. you will not lose all of your money where a cheap stock has

that risk. cheryl: egypt continues to be in crisis. we will have the latest details coming up in your fox news minute. dennis: i go one on one with the ceo of shazam. first, a look at how the world currencies are faring against the u.s. dollar. ♪ i want to make 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 what you do... even better. ♪ can help you do what you do... even better. the math of retirement is different today.ek. money has to last longer. i don't want to pour over pie charts all day. i want to travel, and i want the income to do it. ishares incomes etfs. low cost and diversified. find out why nine ouof ten large professional investors ishares incomes etfs. lchoose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes read and consider its, carefully before investing.. risk includes possible loss of principal.

♪ >> 25 minutes past the hour. hello, everyone. i am jamie colby. clashes erupted outside of a military building in cairo. muslim brotherhood supporters were fired upon during morning prayer. muslim motherhood blaming the attacks on that egyptian military. venezuela president is offering asylum to edward snowden.

it is now three weeks since snowden arrived at moscow's airport. the health ministry says to more people have died from a new respiratory virus and saudia arabia. the death toll is brought to 38. those are your latest headlines. i am jamie colby. back to you, dennis. dennis: shazam scoring big. carlos slim. one of the largest wireless providers down in mexico. rich wiley. thank you for being with us. you are presiding over this nice big investment.

do they actually get equity for the 40 million they are pumping into you guys? >> they invested $40 million. we are really excited about that. dennis: what is the valuation of the company? >> it is a material increase for the last time we raised money. during that time we have tripled. we just grossed 350 million users. we 10 million new users every month. we had 7 million active users last month. dennis: you sell songs? >> on behalf of itunes. dennis: nice.

>> we are very focused. you can now shazam tv shows in the u.s. it is an extension of 30 seconds of a tv ad. it turns into several minutes of engagement. dennis: i see a commercial on tv and i hold my phone of. >> you can spin the car around. you can grab the engine. dennis: it is right there on the most intimate device which is my smart phone. >> we are starting with music shows because there is a natural infinity of users. we are very big with all of the music award shows. we are working to make

everything shazam. dennis: how many tunes can shazam name a song in question mark. >> we have 30 million songs in our database. we are on a world wide mission. >> we just need a few seconds. dennis: the quick code reader. it takes you to a website. are your advertisers doing extra stuff with the shazam? >> absolutely. the advertiser is only limited by their creativity. you can do coupons.

test drives. whatever we want to do. dennis: if shazam can identify a song, does that mean that it can identify bad words identified by a terrorist? >> shazam looks for snippets and matches them with what is in our database. dennis: the nsa will be calling you, sir. dennis: ipo in 2014. thank you. >> thank you. cheryl: it is the fox business summertime showdown. every friday we have been planning to stock pickers against each other. take a look at how they are

faring today. looks like robert is in the lead. they have a long way to go. we will be tracking these stocks for a month before we decide to crown a winner. it is going to be fun. when david came on back in june of last year, he was hot on sandisk. >> it is close to 50% permanent the client client in profits. that is implied by the stock price. investors are able to buy those with very low risk in a lot of upside potential. cheryl: look at it now. up nearly 75% since when he recommended it. tune in right here on friday at noon eastern time. dennis: earnings season about to roll out with alcoa.

cheryl: it is the computer that started in empire. you will not believe how much this apple one may go for at auction. first, i want to take a look at some of the winners over on the s&p. we will be right back. ♪ friday night, buddy.

you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. dennis: bottom of the hour. time for stocks now. nicole: it is worth talking about some auto related stocks. stocks up 1.9% at the moment. a winner in the group, auto

related stocks are really in favor at the moment. many of them are moving and breaking out to all time highs. we are talking about automotive related stocks. do not forget that we have sales last week. we did see ford doing really well. that was at a 2.5 year high. autos and auto related stocks are doing exceptionally well. back to you. cheryl: nicole, thank you very much. earnings taking off today. alcoa is the first to report. posting second-quarter results after the bell. my next guest says it does not really hold true. joining me from boston. let's start with this.

you really say if you look at the performance of the s&p versus the performance of alcoa, the numbers do not really add up. >> well, certainly alcoa is a bellwether stock. if you look at alcoa's performance versus the estimates, there really is no predict if power. when alcoa beats estimates, about 73% of companies have been historically. again, whether alcoa beats or mrs., it is not really a predicament of how the rest of the season will go. cheryl: i am hoping that they do not beat tonight. let's talk about overall the second quarter versus the third quarter. in the beginning, we were looking at second-quarter revenue. that is now down 2.7%.

what happened to these companies in the second quarter? what is going on here? >> we have seen a record quarter. eighty-seven companies give negative guidance. we start in three particular sect nurse. those are the three sectors that we really solve the sharpest cuts to estimates overall. a lot of the decline is really due to cuts to companies and those three sectors. cheryl: that is because of metal prices; correct? >> exactly. the decline in prices have certainly been a contributing factor. those companies, all companies

related. dagen: certainly a piece of the puzzle we will be looking out for. what we believe will be the best sector. financials. year-over-year financial growth. >> financials are probably the key sector to watch this quarter. the growth rate, the start of the quarter was above 16%. that is up to almost 17% today. if you look at it at the industry level, seven industries expecting growth. financials definitely the strength within the s&p 500. cheryl: i have to hit on technology. >> apple is expecting the lowest level earnings. much of that can be contributed

to apple. for many quarters, apple was a significant contributor. last quarter in this quarter, apple is expected to be a the track her. cheryl: it is amazing. john butters, thank you very much. dennis: help-wanted, but only tabs need apply. why more companies are turning to temporary employees. cheryl: we will show you the apple one computer coming up. as we go to break, take a look at the ten and 30 year treasuries. we will be right back. ♪ 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 reliab - secure - agile. and with responsive, dedicated support, we help you shine every y of the week.

♪ tracy: i am tracy byrnes with your fox business three. new allegations -- the "wall street journal" reporting they were handed cash. so far, they have not found any evidence of bribery or corruption. it is hitting some major static. downgrading the company. this after the deal.

s&p says sprint has cash flow and high debt. nearly 50% of those surveyed said they would like to see a movie theater added to the local airports. that is the latest from the fox business network. ♪

cheryl: it was the beginning of an empire. the apple one cocreated by steve jobs and his parents garage. one is now up for auction. the auction is set to wrap up tomorrow. james, how is the auction going? are you getting any interest at 300,000? >> we have had fantastic interest in the sale so far. we have had viewers from over 96

countries. dennis: looking at the website here in new york. are you not showing the public where the bidding is? >> that is representing live bidding. we expect a flurry of act timidly. cheryl: who is sitting here? who is out there? >> .items that shaped the modern world.

it is up and writing. it also comes at a replica unit. cheryl: didn't they put some type of signature on the back of it? >> yes. it is a really nice story. two markings on the back of it. also, the collector who is selling this now. cheryl: oh, i see. he signed it afterwards. we will be looking.

>> thank you. dennis: time for stocks now. let's go to the floor of the new york stock exchange. >> continues to be the same case we have seen. we pull back a bit from the earlier level. reiterating any sort of exit would be premature. this will be ongoing. the structural for umps really are central.

that should be interesting as we go along. nnnnis: all right. thank you very much. in your monday media minute, a big box office went for "despicable me 2". took a $142 million. it was a five-day holiday weekend. beating the record set by "toy story three." despicable now near $300 million worldwide since last week. here comes the 31st annual allen and company conference. it lowers media moguls such as

rupert murdoch and oprah winfrey. though it is a media -- the media are shunned like lepers. no access, no interviews. i will be there anyway. the bidding war for hulu -- it is now up for sale. i had a midnight conversation with john malone coming out of the bar. we will see if we can get him to talk about times warner cable. we are not allowed in the bar where they are drinking. cheryl: that will be great. washington state restoring pay. dennis: taking a look at some of today's winner on the nasdaq. ♪ (announcer) scottrade knows our clients trade

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 followe online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. because they know i don't trade i'm with scottrade. (announcer) scottrade. voted "best investment services company."

♪ cheryl: time for your west coast minute. a solemn procession lasting four hours. nineteen white hearse carried the bodies of firefighters who died fighting the yarnell fire. washington state employees will not be getting a pay raise this year. they no longer will be under pay cuts implemented under the great recession. workers will be eligible for a

1% pay increase, july the 2014th. in pasadena, a new guinness world record has been set for the most marriott to players performing together in one place. they did their thing. they confirmed the new record late sunday night. that is your west coast minute. dennis: 566. not 600? where is their dedication? facebook chief operating officer was supposed to be on board that airline that crash landed on saturday. instead she decided to take a different apply to cash in airline miles. she tweeted thanking everyone for the concern. samsung executive onboard the fatal fatal crash land.

he was among the first to tweet and send photos. he tweeted i just crash landed. tail ripped off. most everyone seemed okay. surreal. what is it about us that we are so addicted to our phones? do not ggab your camera. do not grab your bags. get off the plane. these people were obviously taking phones and potentially more. dennis: cheryl sandberg, you ought to buy your family cadillacs or something. cheryl: i know they will be doing more of this in the next hour, but i am very curious to find out is that you that qa should order was ever given.

one of the passengers saw smoke coming in. they will be talking about that in the next hour of markets now. we will obviously have more on that. dennis: eliot spitzer back in action. ahead, charlie gasparino what he learned. dennis: chaos ruling in cairo. the muslim brotherhood is calling for an all out rebellion. a live report from the front line coming up. ♪

♪ >> and good afternoon. >> inside the flight that crashed in san francisco.

new details emerge as investigators search france's on what happened aboard flight 214. aviation expert michael boyd joins us in just a few minutes on the fallout from the airline. lori: as for the markets, now in the green, but losing speed as earning season kicks off with alcoa after the bell. more than three-fourths of companies that have offered guidance are negative. do not believe the hype says s&p kristine short. why she says second quarter earnings will surprise. adam: are you ready? former new york governor eliot spitzer throwing his hat back in the political ring. just ahead, charlie gasparino was with him this morning on what he told charlie about his chances of winning. lori: that will be good. in the meantime, violence erupting in egypt. dozens of supporters were killed, hundreds more injured as chaos rules in cairo. a live report from the front lines. let's get you updated on the market. time for stocks, as we do every 15 m