rise, there's deals to be had. bank rates greg mcbride joins us as rates are as cheap as standard mortgages. lori: where you read, retailers follow. the eye in the sky watching your every shopping move. introducing you to a company behind the new tracking strategy. first, markets as we do every 15 minutes, back to the floor, annie coal, just glanced at the dow, which is down, and we're on earnings watch too, nicole. >> loutly. so much is going on, you heard the headlines, economic picture, earnings going on, and so right now, we're watching three names right there, johnson & johnson, goldman sachs, and coca-cola. all three mi goldman pulmod back 1.8%, had the quarterly profit, and the stock reacted negatively despite the investment banking.

johnson & johnson good on drugs and medical di vices and that did well ultimately. coca-cola, on the other hand, didn't do as well as expected leaving the cfo noting saying the economy, globally for europe and asia affected them and north american sales did not do well alternately saying the foreign exchange rates hurt their numbers and weather, big into weather in a big way reading through the notes, but they grew year over year, but not as much as they hoped. lori: thank you for that. dennis: a vocal critic, kansas fed reserve president telling our peter barnes thoughts on when the fed should taper the bond purchasing program, and peter joins us from kansas city with more on the exclusive with the fed president, peter? >> hey, dennis, thanks, no question that esther georgements something done sooner rather

than later on tapering quantitative easing winding down that program. she's been critical of quantitative easing, particularly the latest round of it, and whether it's been effective or distort markets or sow seeds for future inflation down the road. take a listen. >> i think it is time to begin to adjust purchases. the labor market has shown now for the last six months a pretty steady gain of 200,000 per month, a good indicator that there has been sustained improvement here and that i think it would be appropriate begin the size of the balance sheet, the level of accommodation that we begin to make adjustments that reflect that improvement going forward. >> i tried to get exactly when she'd like to start to taper. there's speculation that could come as soon as the july fed

meeting, maybe september and maybe later in the year, but she didn't have a specific date. she wouldn't give a specific amount to taper, but we talked to her for ten more minutes for the website. there's ten more minutes of content, and in that part, she talked about the challenge of the communications of all of this, and she says that it is challenging, but necessary. this is what she said. >> i think the message is clear, which is the economy continues to recover, and there's improvement in the labor markets, and given extraordinary aggressive nature of monetary policy, now is a good time to talk about how the future might unfold. >> to prepare the markets? >> to prepare the markets, and i think the markets have begun to take to on and anticipate this. >> and we've heard some other fed officials and fed bank presidents say the market's

overreacted to the taper talkings but she didn't think it has to be expected that when the tone of policy changes, then there is an adjustment process in the market. dennis, lori, back to you. dennis: thank you very much. lori: strong words if you heard from esther george could mean the clock is ticking on the qe and ben bernanke's legacy. for more, "wall street journal," john, great to see you. >> thanks for having me. lori: now is the time for the bond purchases to taper off, obviously, paraphrasing the comments from barnes, but still in the minority here? >> well, you know, what i found interesting about peter's interview is she's using the same language that other fed officials use. she doesn't seem to me like the run away dissenter that her predecessor was. she's someone calling on the fed to pull back, but, you know she is not arguing, i would say,

based on what we heard, very forcefully for them to move right away. >> what is the strategy in that? going back to may and the mixed message sparked causing the markets to go haywire, is that a broader damage control that ben bernanke encouraging the colleagues to go out, but to your point, a softer dissent from esther george? >> well, you know, i think that a lot of fed officials were surprised by how aggressively the markets reacted to what the fed, to what ben bernanke said weeks ago, all out there trying to clarify the message. i mean, the other thing that i would take from her comments is that even though she doesn't sound like a run away discenter, there's a lot of differences of opinion still, and i think that got lost on people in the markets when ben bernanke gave his press conference. if you read the minutes that came out last week, there's really, really a wide range of opinions on what the fed should

do next, and what i think that means is for them to reach a decision on pulmoing -- pulling back, it's hard to get there. lori: no plan in place right now? no time frame for when rates hike? the 7% unemployment target? >> so what ben bernanke laid out was sometime later this year they start pulling back on the bond buying. you know, something that i'm points out in a story today, it depends on very big economic questions that they have not resolved yet. you know, inflation is running below the 2% target. is it going to pick up back to 2%? they are saying, yes, but it might not. you know, is the economy going to pick up speed? right now, the last nine months, looks like the economy is depress at less than 1.5% rate, not fast, making others wonder whether job gains are sustainable. they have to see that kind of thing. there's -- i think we're headed

to six months of very intense debate among officials, and it's not going to be an easy decision for them just to start on the first step. lori: outside of up employment, john, the latest cpi rating, that with the favorite fed inflation gauge, year and year, consumption expenditure, and you pointed below 2.5% rate to trigger a rate hike. that's in favor, right, maintaining a monetary easing policy for as long as possible? >> it is. you know, as peter showed, you know, people like easter george don't agree with that, but i think that most people on the fed think as long as inflation is low, you know, especially well below the 2% target, then they don't need to be in such a hurry, why, i think, they are watching. we've been watching ben bernanke closely for the last few weeks and -- lori: this is it for ben bernanke. do you agree with that if this is his legacy in place here?

>> i think he's trying to set the last step in motion, but what's important now to watch the data. it all becomes about the economy. the fed has said this is what they expect. now we have to see if it happens. forecasted record is not good. you know, they might miss some of the objectives if they are setting out, and that's -- that could force them to rethink what they do with the programs. lori: great catching up with you. thanks so much for the time. >> okay, thanks a lot. dennis: oil holding ground at $106 a barrel. fox business contributor phil flynn of price futures group is in the trading pits of the cme. phil, is 106 now the new normal or change form when weekly inventories are out? >> it could change tomorrow, and i think more so after ben bernanke and his comments. there's absolutely no doubt that when oil gets into a trading range, they have the tendency to stay there. before, we were in a range of 78-98, and breaking above a hundred, as 98 and 107. if we break above that range,

dennis, we need news to drive us there. it' shocker inventory like we had last week. the other shocker, of course, has been the gasoline prices that were done when oil prices broke. oil prices are lower. they reversed on rumors on a problem in a refinery in canada. that's been confirmed. north america says the sulfer units are down until next week. on the con fir confirmation, we are lower because we know way we got. back to you. dennis: thank you, phil flynn. protests in greeces, foreign lenders. lori: senate leaders heading for a major show down over presidential no , ma'am sees, well, easing off the gas now. dennis: the bull market for u.s. auto stocks running out of gas? ford and gm shares sputter. lori: dow is lower, down 54

points. what's the trade in commodities? gold is higher, and silver and copper gaining as well. we're back at this. ♪ i want to make things more secure.

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dennis: news alert, for the fourth time this year, greeks holding a general strikes against cuts in the public sector thousands walking off the job for a 24-hour strike called by the union with the sticking point a much delayed overhaul of the civil service involving layoffs, cuts, and it has to be passed for the athens to receive a bailout from the eurozone. international flights suspended, hospitals cut to emergency staff only, and public transportation reduced service to allow workers it attend rallies, great for those who wanted to go do work. anyway. lori: moving on. making money with charles payne, taking a gamble on the leading suppliers of casino games. charles? >> bali buying shuffle. by the way, shuffle was in the rumor mill for five years, finally happened, leap finally happened, and multimedia games at a multihigh. big move, off the bat, up huge

already, but it's not a momentum play, but a fundmental value play. the growth has been salutely phenomenal over the past five years, the next five years, out performing shuffle, and what i like is that management said the growth personal, under penetrated and most of the domestic markets. they do slot machines and other games. lori: roulette wheel, dennis' game. did he tell you how he won me $170? >> b30, black p 31, baby. lori: went into online gaming as well; right? >> multimedia games, big things, slot machines, multiplayer things, and they just got a couple contracts, illinois, michigan, nevada, ohio. i like it a lot. up big today, a breakout. you could back and fill a bit, but on the upside, the stock has potential. one to look at. gaming is not going anywhere.

we love to gamble. lori: it's expanding. dennis: once is opens, they'll soar. like every 15 minutes, let's check the markets, nicole on the floor of the new york stock, change, and what about marathon petroleum? right. we're watching it, the billest loser in the s&p 500 right now. s&p down 1.r5%. this component down 5% right now, 3.62 to the downside. marathon said they expect lower second quarter earnings, and one of the reasons are the costs they are facing for some of the crude oil that is processes into fuels, that rose, and so they are facing higher costs ultimately. now valero energy, which you are familiar with; right? they had a similar profit warning recently. you are not seeing energy names under pressure here. worth noting. they had rising costs for u.s. ethanol blending credits so that's something else that comes into play.

marathon, by the way, was imperial, cut the price tact to 81 with an out perform rating, still good there; right? back to you. lori: i agree, why not. nicole, thank you. in washington, a possible compromise on capitol hill. senate leaders may avoid reid's nuclear option to kill the republican's right to filibuster key obama administration nominations for the national labor relations board. reid quoted saying, quote, we may have a way forward on this. i feel fairly confident, but the fragile deal as some republicans call it require the president to offer two different nominations, and for reid to drop the nuclear threat, and in exchange, they offer the new nominees a fair hearing. we'll update you as story developments. we just got this. the white house saying it will not comment on the senate agreement nominees until a deal is formally hammered out. we'll keep on that for you as well. dennis: the news of the appointments are a controversy because they were made in recess

when the senate was not in recess, and the court's said it's illegal. lori: and agencies themselves are controversial. den deny right. surprising news, high end real estate market, how going big will cost you less. lori: that and business just downright creepy. the new tricks retailers use to track you and in-store shopping movings, and why they are doing it next. ♪ ♪ ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪

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>> it's now 21 minutes past the hour. this is your fox news minute. mexican officials say they've captured the supreme leaders of the zeta's drug cartel known as z40 #, morales arrested near the mexico-texas border. the brutal crime leader is charged with murder, torture, kidnapping, and other crimes. russia confirmed edward snowden asked for temporary asylum reviewing the request in three months. the united states reiterates he should return to the united states to face trial for the

crime charged. in cairo, swearing in the country's new government on a ceremony broadcast on state television after egyptian security forces and supporters of the ousted president clashed again last night. seven people killed and more than 260 injured. those are the headlines. now back to dennis and lori. dennis: thank you very much. breaking news, the big board. the dow nearing session lows, down 611 points now, 15423 losing steam in 20 # minutes. not sure why. one reason could be comments from george of the fed telling barnes it's time for the fed to cut back now. why be afraid? the economy's getting better. lori: when you walk into a store, it's likely you're watched, and not of concerns of shoplifting. retailers use cutting edge technology to see how you move around the store in effort to find effective wayings o get you to buy products. is it an invasion of privacy?

well, one of the companies that works to do just this is retail next. we have the company's cmo. tim, hi there. >> hi, thanks for having me. lori: what specifically information and/or behaviors the company's hired to monitor or study? >> so retailers want to understand how these various exceptive assets they have which is their stores and employees and invenn story work for them and what they do to make them work better. they install systems in stores to help them understand what shoppers do after they come through the doors. they walk in, where do they go? where do they stay? where do they linger? how does that connect to sales tat the registers. lore already department stores, grocery stores, big box stores, who are the clients? >> it really is every segment of retail. this is a fundamental enabling technology that retailers need in all segments. big box, specialty, fast moving

consumer goods, department, all of these segments use these kinds of methods to understand what happens in the stores. lori: to see where the most popular items might be to change the displays. is this only, then, to benefit the retailer's business, or could it, in essence, trickle down and benefit the consumer if the retailer itself streamlines prices. benefits for the average person? >> it's really very much to the benefit of the consumer. if you think, when you go to a store, your purpose to go there is find goods you want and purr which is the goods, and the retailer's trying to aid you in that task. the retailer's trying to identify friction points or problems that prevent you from doing that. let's say if there were not enough staffing or item was hard to find because it was in a counterintuitive place, that's what retail uncovers and solves based on the information. >> your industry is experiencing

explosions and the tracking companies profiled by media outlets, and we are doing the segment with you today raises the question on the other side of this is, is my privacy infringed upon? what do you say to critics about that? >> well, the important thing to understand is that all of these data are really anonymous, so our system and other systems are gathering data points in terms of saying, this many people came to this part of the store at this time, this is how long they stay, but we don't know who you are individually. knowing who you are individually is not important to the retailer. what's important is to understand how the crowd is voting so that they can respond to the votes. lori: i suppose, tim, every time you buy online, use an amazon.com, for instance, it's easier, i imagine, to track shopping habits. if you're brick and mortar and online sales are growing in many cases faster than brick and mortar stores. safe to say it's a way to keep up the competitive edge?

>> oh, absolutely. the online world tracks everything that everybody does, every instance they spend on the website to the tinyist nuance. what's perverse is the segment of retail that's 5% of sales, online, has gotten 95% of the analytics capabilities, and the other segment that's 95% of sales got 5% of the capabilities, so we're just helping the brick and mortar chains get the benefits that their online brethren enjoyed for more than a decade. lori: okay. we want to check back on how business is going and any way you influenced shoppers, trends, and stores presenting merchandise. it's an interesting phenomena. tim, thanks again. >> thank you. dennis: what a difference a year makes, or does it? in the year since meyer joined yahoo as ceo, stock jumped more than 7 o #%, but many wonder when there's a revamp of the company. meyer joined the web company six months pregnant and since then,

they cashed out part of the stake in the chinese intercompany. in february, a controversial new policy cutting back on staff working from home. yahoo paid over a billion dollars for the blood sugar site tumblr, no revenues there, and a month ago, redesigning the search page to have flickr. they are looking for long term growth in the advertising business. second quarter earnings out today after the bell. we'll see what they do. put up or shut up, and i feel they don't know what they want to be, and yahoo and aol are the same. they should merge. lori: how do you grade? >> a-plus, it's buzz and froth, and i'll take it, but you have to wonder if there's a strategy to set there. lori: thank yous for that. dennis: thanks for asking. lori: you help me set my paradigm correctly. rising mortgage rates doing

little to shake up home builder confidence in a good way. that's next. dennis: mortgage rates rising, but things may be about to be cheaper actually for the most expensive housing markets in the biggest homes in new york, chicago, and l.a.. we have those details coming up. ♪ ♪ at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it?

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is lori: time for stocks now as we do every 15 minutes. let's head to the floor of the new york stock exchange and our own nicole petallides. nicole is watching automakers

today but, nicole, we're seeing another leg lower for the dow possibly because of esther george comments on monetary policy what are you hearing? >> absolutely. the overall thought here on wall street the market was slightly overbought. you would not fight the trend. up 12 out of 14 days and three weeks in a row. short term they thought it was overbought. esther george talked about tapering sooner rather than later and that put a damper on things. you talked about automakers and let's get to them. general motors down 1.8% at the moment for general motors. despite the fact, by the way, it did move higher and did hit an annual high earlier in the day. it since pulled back. it was added to the conviction buy list at goldman sachs. what was removed from the conviction buy list was ford. we're seeing ford to the downside. i can't leave out tesla. as goldman sachs is crunching numbers on automakers and crunched numbers on tesla and

reduced that a bit. that is down significantly, down 13%. automakers front and center on wall street today. back to you. dennis: thank you, nicole. according to a report out today, homebuilder confidence is at a seven 1/2-year high and that is showing confidence for a housing market. jeff flock is in chicago. i bet he has a hard-hat on and usually does. jeff? >> i'm in the middle of a vacant lot. they already he can can straighted it and will start real soon. i want to start about the rental market in a second. look at this chart. going crazy the national association of homebuilders, jerry howard on fox business earlier this morning gave us one of the reasons he thinks that is happening. >> right now, i think part of increase in demand of housing sales because you're starting to see interest rates tick up. fence-sitters are starting to jump in into the market. >> despite that rental is huge. i've got a developer and a man from apartments.com.

dick, first with you, this rental market is still going crazy. how is that if we're going crazy in the single family too. >> there is so much demand built up. no properties were built 07 through 11. they're coming on line but they're not coming on fast enough. we're expecting 130,000 multifamily units still not enough to make up for all the units not built. >> fred is making up for the units not built. this was, how big after unit? >> 118 apartments. >> wow. you can get financing for rental, no problem right now? >> typically right now, a lot of insurance companies and bakes are chasing the financing. >> you barely survived the downturn? >> this site was purchased probably five years ago, maybe six. it was quite a battle to get where we are today. >> but you're there. rentals are strong. single family strong. housing strong period? >> yes. that's an interesting point. dennis: thanks very much, jeff flock.

the national average for a 30-year fixed mortgage rate spiking last week and now the spread is closing between rates on the standard 30-year loans and jumbo 30-year loans. so what does that mean for high-end home ales? our next guest, bank rate senior financial analyst, greg mack bride will tell us. thanks for being with us, greg. the spread between government subsidized loans and lower interest rate and jumbo loans for big ticket houses. what is that usually and what do the spreads come down too. >> that spread right now, dennis, is 1/6 of a percentage point, 16 basis points. that is the narrowest we've seen since 2006 and 2007, precredit crunch. it is not necessarily unusual we got the spread down to these levels. what is surprising at at time there is still not a viable secondary market for the jumbo market. the loans being made in that space, there loans lenders

having to hold on the books and the fact they're will tock do so above a narrow spread of government-backed loans seas a lot about the desirability of that marge market segment. dennis: what does it say for that market segment? does it say there is high demand? does it say the buyers buying these big ticket homes have better credit. >> they tend to be desirable customers. not only higher income and taking bigger loans but they are great cross-sell opportunities. they're great candidates for investment services and other products that the bank has offered. from a loan performance standpoint, these are not only performing very well but likely to do so in the future simply because the down payment requirements are still pretty hefty. you have a borrower with a lot of skin in the game. because banks are holding this on their books, when the chef has to eat his own cooking he is lot more concerned about the ingredients. you have the sound underwriting, a good customer with a lot of potential cross-sell opportunities. you put all that together, that is why you're seeing very

competitive rates relative to bought-backed loans, even without a viable secondary market for the jumbo securities. dennis: seems like some enterprising wall street firm could create a nice new business ry jumbo, unlesser market for there are regulations against it. now this thinning spread between the really big ticket stuff and government subsidized stuff, because the government subsidized rates go up as bond rates go up. why haven't jumbo rates also gone up? >> they have gone up. just not at the same pace. so what we've seen is that spread continued to narrow, not just in recent months but it is been a continue ages over the past few years. that spread continuing to come back and to the point now where we're back to levels we really haven't seen in several years. we had gotten to the point where, that spread was 3/8 or maybe half a percentage point. it looked like all the better it was going to get. of course we've seen further narrowing speaking to the desirability of higher end borrowers for many financial institution.

dennis: it could speak, couldn't it, to competition? more big banks moving into wanting to provide big ticket jumbo loans where they didn't want to before? is that good strength for the economy and does it portend for sales of big high-priced homes? >> well i think it certainly helps. what you're seeing i think is not necessarily what does it portend for housing as much as it is a reflection of the fact that the housing market has improved. now you have more lenders willing to hold the loans in portfolio. more credit is available at very competitive terms. you know, look going forward from a borrower's standpoint now longer have to avoided the jumbo loan. you don't have to make a much larger down payment to get a government backed loan. you don't have to do a piggyback to get a jumbo. with rates competitive as they are, the jumbo loan is just as attractive as what you're seeing on the government side. dennis: we'll wrap it there very nice job. thanks very much, greg mcbride. >> thank you, dennis. lori: what do you think of this?

my reaction says it all. eliot spitzer leading polls for the mayor of new york city. dennis: weiner is the top candidate now in a poll for new york city mayor. why don't those two guys form a ticket and run for president? charlie gasparino will be here next with inside scoop on spitzer's re-election chances. re-election. he is running for a really low post. this is 10 and 30-year. (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understa my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scotade. voted "best investment services company."

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axiron. >> i'm jo ling kent with your fox business brief. drivers beware. the pain at the pump will soon become even worse. experts are predicting gas prices will rise up to 15 cents a balloon by the end of the month. the national average for a gallon of regular currently stand at $3.63. assembly lines turned out more automobiles and computers in june, pointing to a rebound in manufacturing. according to the federal reserve output at factories, mines and utilities rose .3 of a percent from may, its biggest gain since february. at&t is rolling out an option that allows customers to upgrade more frequently if they choose to pay full prices for their devices. at&t and, will start later this month and give subscribers the option of buying their phones or tablets using a monthly financing plan. that is the latest from the fox business network, giving you the

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lori: how is eliot spitzer going to make his come back after the prostitution scandal nearly wrecked his career five years ago? maybe dusting off the sheriff of wall street image. author of "circle of friends," charlie gasparino with exclusive. >> i take dennis with nearly. dennis: kind of wrecked his career. he had to lead the governorship. >> he is back and winning in the polls. dennis: for comptroller. >> you know what that means? you're a heart beat being away mayor of new york city. i think this is good position for him. he will sit back. be like the vietcong and christine and other jokers blow up new york city. he will sit back at controller. he tell people about the city's

financial condition and sit back. he hasn't won yet. we have insight how he thinks might win. spitzer will run against wall street. will keep attacking greenberg. the suit after he was sued by hank greenberg, we were first to exclusively report that on fox business late friday he thinks that is good in a career and democratic primary and left-wing vote. he thinks defamation suit by hank greenberg will help him. he will run against all his foes from the past. langone, grasso, greenberg, you name it. you know what is interesting, guys? if you look at eliot spitzer he put on ae-book. kind of a bizarre e-book, eliot spitzer's words of wisdom. it is hard, listen i buried the hatchet with elliot. i didn't read the book but i did, one part i did read how he made a big thing out of, the case against dick grasso.

former new york stock exchange chairman. made enormous amount of money. spitzer at new york attorney general at the time sued grasso, under obscure state law, non-profits, new york stock exchange was a club, it was technically a non-profit, paid all its taxes could come under the law and could get a portion or money for grasso and give it back to the stock exchange. lori: it was a blow -- >> why waist taxpayer mon? dennis: why was it his business. it was publicly held company. >> it was worse than that. it wasn't publicly held. it was a club of rich people. let them sue him. why waste taxpayer money. ultimately the court said that it became a public company. he criticizes andrew cuomo, who was then the attorney general. spitzer was the governor at the time, for dropping that case. not pursuing grasso. for not appealing lower court of appeals decision or appellate division's decision. clear from that book and clear

from people, people talking to spitzer he is relishing a fight. you know what is interesting? the only person to come out against him publicly, we've been trying to get dick grasso to say something, ken langone to say something, they might say something soon, only greenberg in the suit. they're not playing ball with him because they don't want to give him any ammunition. dennis: as financial comptroller spitzer would be in control of the purse strings. part of tax base, is taxes from wall street. i will bash wall street the guys we're relying on for a lot of tax revenue that is brilliant strategy. >> you do realize this is new york city you're talking about? you understand what the electorate is like in new york knicks unfortunately i do. >> it's a winning strategy. he will say, my guess is, i'm the one guy that kept these guys in control. we should point out what is new york city comptroller? this is extremely powerful position, okay. he does all the bond sales for new york city. he controls the city's public pension funds. now here, this is interesting.

spitzer will automatically become a national figure by controlling city's pension fund, because he is one of the top institutionnal investors in the country. corporate governance issues separating chairman and ceo, all those things we talk about here done on national stage, spitzer will be weighing in on that. we should point out the city comptroller's office has subpoena power. i was told by someone. i didn't believe it. he can subpoena people for his little inquisitions. this is the perfect job for this guy. lori: perfect message that bad behavior is okay. >> how will he do it? i really think that you know, if grass so, i know for a fact, speaking with someone who knows him personally, when greenberg issued that suit, he was happy. he thinks this will drive his poll numbers up. ladies and gentlemen, people will wake up and realize this guy is a guy that slept with prostitutes. the bottom line, his poll numbers, he is winning right now.

so is anthony weiner. dennis: only well-known name next to a dog catcher. still might win. dennis: charlie gasparino. let's get to the markets. ben willis on the floor of the new york stock exchange. ben, the dow coming off some lows there. >> getting a little bit after bounce. we started to trade down on the fox business exclusive weester george suggesting that the tapering of the bond buying should come sooner rather than later. i think we can expect a little bit more from ben bernanke when he goes through his question period in front of the congress tomorrow. dennis: okay. what do you think? where do you think we close out the day? still down? >> yeah, it's a reltough call quite frankly because the volume is nonexistent. yesterday we had the slowest day of the year. we're on track for very similar volume today. i think the big money son the sidelines or in the hamptons, however you want to look at it but there is very little decision-making process going on right now. we may get a little bit after juice with ben bernanke testifying but, aside from that,

it's a difficult market to call but you never want to short a dull tape. dennis: two steps forward, one step back. words to live by there. never short a dull tape. thank you, ben. >> pleasure. lori: new york is known for putting on a good show. tonight should be no different. dennis: america's pastime taking center stage at the all-star game at citi field. we'll take you there live of a preview of coming attractions next. ♪ the boys used double miles from their capital one venture card

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lori: tension -- attention sports fans. you know this already. major league baseball's all-star

game is tonight citi field, queens. first time here since 1964. it is described as one of the toughest places to hit home runs. baseball's best and brightest sure to bring their a game. fox's rick leventhal is live on the field. hello, rick. >> heat index is near 100. players don't seem to mind the heat. you talk about the big ballpark and how hard it was to hit home runs. if you are watching the home run derby last night you saw monster shots hit by some of the best hitters in the game. cespedes who didn't even make the all-star roster set the place on fire by winning the home run derby. he beat chris davis who leads the league at home runs at the all half star break, tied with 37. we talked to chris davis yesterday, there is so much speculation and rumors about possible suspensions to due to steroid use. of the chris davis not suspected

to be using steroids. he is grouped with some of the best to who did use steroids, mark ma geyer and sammy sosa. here is what he told me. >> i feel like they can get behind me. some people felt like they couldn't get back into baseball after that. i want them to know, not just me but other guys are doing it, they're doing it the right way now. >> when you do so well and associated with people who were keating. >> that is part of it. you want me to go out there and suck? >> best line of the day. do you want me to go out and suck? no, we don't. we want to watch you a play a great game of baseball without any performance-enhancing drugs. that is what he is doing. at love players say the same thing. there is a lot of speculation and focus on this very particular issue. tonight it is all about the all-stars and baseball here at citi field. the american league starter, max scherzer from the tigers. and matt harvey from the

hometown new york mets will start for the national leak here at citi field. the 7:30 is the pregame and first pitch sometime around 8:00 p.m. eastern, guys. lori: that didn't suck either, rick. thank you. >> thank you. dennis: that is 7:30 on fox and 8:00 game. meanwhile cable providers crying foul over the rising cost of sports programing. only 4% viewers are watching supports according to new data but sports channels account for 20% of the average monthly cable bills. worse yet, fees charged by sports channels to cable providers jumped 113% over the last decade. latest round of contracts up 30% over the old price but cable companies are not fighting back as yet. the big question is why. lori, i have a theory. lori: go on. dennis: the theory, live sports programing, 97% of the shows are watched live with only regular shows are only 72% are watched

live. harder to x-out commercials with live programing. lori: i buy that. dennis: okay. lori: a partisan past he will coming to a head in the senate. fallout for american business. "wall street journal's" gerry seib breaks it all down next with tracy byrnes and ashley webster next on fox business. stay with us.

ashley: good afternoon, everybody, i'm ashley webster. tracy: i'm tracy byrnes. showdown in the senate. both parties working on a possible deal on president obama's most controversial nominees. the situation is very fluid. "wall street journal's" gerry seib will tell us why this fight is critical for american business, debt ceiling talks. we have all that ahead. ashley: oh, boy. sec laying out the case against former goldman trader, fabulous

fab. they say he is figure of corruption and greed. his defense calls him a scapegoat. more details on the trial coming up. >> love it. the stock is up 70% since marisa mayer took over one year ago. are the company's worst days behind them? we'll take a closer look at all that. >> must feel like 10 years for her. tracy: i know. ashley: time for stocks. let's go to nicole petallides on the floor of the new york stock exchange. nicole, the selling picking up a bit. >> that's true, ashley and tracy. thedown volume exceeding the up volume significantly. the vix index is to the upside waiting to hear from the fed head later this week. he es tore george talked about on fox business tapering will be sooner than later. that put a damper on things. the economic news we got in supports what we've been seeing some traders say. core inflation at a two-year low.

that is good news if you want to keep the tapering going. coca-cola and ups warning going forward. here is a look at coca-cola and we're watching johnson & johnson. foreign exchange rates, weather economy as being some of the sticklers for the company. johnson & johnson doing well a prostate cancer drug and it has pulled back. it was doing better earlier today. goldman sachs is to the downside. they have better-than-expected earnings. good news with bond trading and investment banking. >> nicole, thanks very much. >> that coca-cola weather call a little bit weird to me, right? ashley: yeah. tracy: i don't know, don't you drink soda when it rains? latest from the senate, talks out of washington. they are discussing a possible deal to avoided rule changes known as the nuclear option. that is being threatened by senate majority leader harry reid. rich edson is in d.c. with details. boy, this is a moving time bomb, isn't it? >> it is and what we're looking at now is perhaps a deal in the works that in the end we would

have a functioning national labor relations board. it is not final. senators are reviewing a plan that would prevent any changes to senate rules. under that plan president obama would withdraw his nominees of sharon block and richard griffin to the national labor relations board. these are the same two he named as recess appointments. a federal court later found those invalid. that case is still working through the courts. under this agreement they haven't quite reached yet. republicans would gift president the opportunity to put two new names forward for the new nlrb nominees. they would get a fair hearing. this all deals with president obama's nominees to fill positions like lake bore secretary, director of the consumer financial protection board and members of the nlrb. democrats argue that republicans are holding up the nominations preventing the administration from fully performing its job. they're threatening to change the senate rules that is known as the nuclear option. senate democrats want to lower the threshold needed to approve the nominees.

republicans say changes the rules changes the senate and eliminates their leverage. with a deal in sight it appears senators solved this at least for now. >> everyone will not be, oh, man, we got everything we wanted. but i think it will be something that is good for the senate. it's a compromise. and i think we get what we want and they get what they want. not a bad deal. >> so senators are wrapping up their weekly policy lunches to discuss this. we should know after then if it's official and they do indeed have a deal. back to you. tracy: rich edson. like kids fighting on the playground. thank you, sir. ashley: indeed it does. with more on the senate we're joined by "wall street journal" washington bureau chief gerry seib. gerry, look like we have a deal. does this look like the one that will stick? >> i think until september that is one of the questions.

clearly there's a deal. i suspect the democrats and senator reid are mostly happy with this deal. they got what they wanted. they got to uncork the seven nominees president obama has been waiting on and did it without having to blow up the senate's rules i which think a at the end of the day lots of democrats didn't want to do anymore than republicans did. the question is, what is to guaranty we won't be back at this kind of bickering the next couple months? is there anything here that changes the way the senate has been functioning which is to say not functioning very well beyond the duration of this immediate crisis and i'm not sure there is. there might be an agreement we're not going to go here again but those agreements are only as good as the paper they're written on. ashley: the filibuster is there for a reason but do you think the rules need to be changed? >> look, i think, the senate has gone a little bit filibuster crazy the last few years. i think most objective observers would agree with that. harry reid points out as six years as majority leader he had to endure 413 filibusters.

as six years, learned done johnson in the '50s and '60s only endured one. clearly there are excesses and building for some time now. that is mostly dealt with if people decide they're not going to operate that way anymore or at least with rule changes or at least that is the ideal way to do it. the coming in up fall and the key question from the business and financial point of view what will the atmosphere in the senate be when two big thing come up. one is the debt ceiling debate. we'll be back there in september. and a new nominee for the federal reserve board. i suspect that will come up as well. if you're looking at things you hope they are handled sensibly and sanely and you want a more calm, more mature at who is fear in the senate with those things come up and maybe that's what wee got entoday. ashley: maybe. but i looked at john mccain, we gone into the edge and looked into the abyss and stepped back. seems that is the way they do business in washington. they push it to the very last

minute, right to the very end and say okay, we'll come up with compromise. is that the way washington is and we just have to live with it? >> that is what happens. that has been the pattern. they could have solved this last night with a three-hour meeting and broke up without a resolution. didn't happen until there was an hour to spare. that is the way things go in labor negotiations and in the united states senate. i'm not sure it is necessarily a bad thing because it means at the end people decided they got the best compromise they could extract from the process. i don't think the 11th hour brinkmanship is so bad in and of itself. i think what is so bad, every issue seems to be resolved that way, not just the important ones. there doesn't seem to be a feeling everybody goes home satisfied the way the process has worked at the end. you're right, that is the way the senate circa 2013 does work. ashley: interesting, isn't it? by all accounts then when we get to the debt ceiling debate, gerry, we can expect more of the same. and of course that just creates uncertainty, doesn't it, not

only for the economy but certainly for the markets? >> right, it does. i think you should expect some of that uncertainty this fall. i think republicans in particular have not made a decision how they want to play the debt ceiling question tactically. there may well be differences between the house and senate. people in the senate may want to avoided, republicans may want to avoided a debt ceiling debate. democrats certainly want to avoided one. i'm not sure house republicans agree on that. there will have to be horse trading on what happens. it will have to do with government spending overall. we'll see how that plays out. we're not there yet. today kind of clears the deck. let's everybody go home for august recess. when we come back, i think that debt ceiling will be a big item on the agenda. it will be there as soon as labor day is over. ashley: getting quickly to cordray's nomination, richard cordray of the consumer financial protection bureau, republicans really had a problem with agency itself, didn't it, the finance and structure. >> yeah. ashley: does that still get addressed? >> one of the things p republicans probably lost any

leverage to readdress how the agency is structured. that is the reason and you're right, that is the main reason they held up richard cordray's nomination. republicans were not happy with him personally because of some things he has done in his background. the big issue was can we use the nomination as leverage to extract the way the bureau was set up? to my reading of the agreement that has gone off the boards. republicans made a decision. we'll not get anywhere with that they will let that go. that is the real issue much more than richard cordray. ashley: i agree. it's a possible deal. hasn't been done yet. we'll continue to follow it. gerry seib from the "wall street journal," as always great stuff. thanks very much. >> sure. happy to be with you. tracy: boy. ashley: he is a man, isn't he? tracy: need as flow chart to follow all this. coming up she is the fed's number one dissenter and she says the time to taper is soon. kansas city fed president esther george talks exclusively with fox business. that's next. ashley: day two of the billion

dollar fraud case against former goldman trader fabrice tourre. a live update from the courthouse is straight ahead. time to check oils and metals for you. also after the break, oil moving slightly lower, down still below $106 a barrel. we'll be right back. [ male announcer] surprise -- you're having triplets. [ babies crying ] surprise -- your house was built on an ancient burial ground. [ ghosts moaning ] surprise -- your car needs a new transmission. [ coyote howls ] how about no more surprises? now you can get all the online trading tools you need without any surprise fees.

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tracy: all right. so oil prices have been slipping after rising four of the last five sessions. crude right now trading around $106.13 a barrel. gasoline prices spiked again overnight as well. aaa national average for regular unloaded rose three cents to $3.64 a gallon. that is actually up 16 cents from a week ago. these rising gas prices were the biggest factor in consumer prices last month. cpi rose one half of 1% excluding food and energy. they rose .2 of a percent. of the those gas prices coming up at a really bad time. people are driving. ashley: right in the middle of the driving season. tracy: yeah. ashley: the fed paying close attention to inflation as they

consider when to start tapering its bond buying. kansas city fed president esther george telling fox business when she thinks that tapering should begin. senior correspondent peter barnes joining us from kansas city with more on his exclusive interview with fed president. good stuff. >> thanks, ashley and tracy. on inflation esther george is a big hawk but she says inflation expectations right now appear to be pretty well-anchored. she is worried about the rick of inflation coming back, excessive inflation, above the fed's 2% target with all the quantitative easing, all the been pumped into the economy. because of that, combined with the recent improvement in the job market and some other positive indicators she favors starting to taper this quantitative easing sooner rather than later but she will work that out, she says, with her fellow members of the fed. to her what's most important is to start a process a

systemically approach now. >> chairman made his comments in the press conference. the committee will be meeting again in a couple of weeks to talk about the data we've seen. to talk about the next steps to policy. and so, that is a decision that is made collectively by the committee, and you can expect that as we talk about it. there will be diversity of views at that table but the outcomes i think will continue to be data driven, continue to be supported by what we see unfolding in the economy. >> that's what we've heard from the fed chairman bernanke and other members of the fed, data-driven. depends on the economy. but she sound like she thinks at least on job creation, 200,000 jobs a month on average for the last six months, that, at least on the jobs front, the numbers are there and are strong enough to start tapering now.

the next meet something july. then there's one in september as well. that's where the speculation is centered on when they might start. ashley and tracy. ashley: they all look at the same data but all have different ideas, that's for sure. peter barnes, great stuff with exclusive interview weester george. thanks very much, peter. tracy: let's get a check on how markets are reacting to all of that. nicole petallides on the floor of the exchange. looking at tesla getting hammered, aren't you but the market is not doing great either? >> we recouped some of the losses in the and up volume, down volume ratio has improved some in the last 20 minutes or so. that is good news ultimately. the vix, the fear index, is also to the upside. tesla motors is down 12 1/2% and after goldman sachs crunched the numbers after tesla run up so far so fast and run up 270%. model s is doing so well for them and goldman sachs looked at

the price targets and redid them and put at a price target at 84 bucks. obviously a 33% drop from where it is today. that is not good news for the shareholders as it continues to run higher right? facebook shares are getting a boost. suntrust initiating coverage on facebook. 26.42 is where it is hitting right now. they set a price target of 32 bucks. nowhere near the $38 ipo price. the stock is reacting postively on a day where you have a lot of down arrows. that is puck -- bucking the trend. >> thank you, nicole. tracy: we'll see you in a few minutes. the case of a former goldman sachs trader accused of tricking clients, a pretty harsh word, from billions of dollars. ashley: a look how the u.s. dollar is moving today. that pretty much says it all. the dollar weaker against all the currencies because they're

all moving higher. pound at 1.51. oh, yes, the japanese yen also up today. we'll be right back. i want to make things more secure.

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>> it is now 20 minutes past the hour. i'm heather nauert with your fox

news minute n cairo, egypt's interim president swore in the country's new government in a ceremony broadcast on state television. this cops after egyptian security forces and support is of ousted president mohammed morsi clashed again last night. seven people with killed and 260 were injured. after 3years in the house of representatives massachusetts edward markey is now a senator. the 67-year-old mark can i won a special election to replace john kerry who resigned to become secretary of state. edward snowden has asked for temporary asylum saying it will review the request within three months. the white house reiterating that snowden should return to the united states to face trial for the crime which he has been charged. those are the headlines. i'm heather nauert. back to ashley. ashley: heather, we appreciate that. it is day two in the civil trial against former goldman sachs vice president fabrice tourre. the sec claims tourre knowingly

misled investors and cost them over a billion dollars in losses. elizabeth macdonald in the courthouse in lower manhattan with very latest. liz? >> good to be with you, ashley and tracy. fabrice tourre's defense says he is scapegoat. he was the only guy doing the sale of mortgage derivative deal which cost investors more than a billion dollars. the action is heating up behind me in the district courthouse here. basically we're seeing executives from paulson and company, that's the hedge fund that sold goldman sachs on the idea to build this derivatives deal that was built on subprime loans, get this in california, arizona, nevada, and florida. 99% of those deals went south. they were downgraded within a year's time. actually nine months time. so his lawyer is saying hey, he was only 28 years old at the time. he was a piker in a big pond of fish over there at goldman sachs. he is looking forward to giving his side of his story. he will be testifying, fabrice

tourre. also john paulson, the hedge fund guy who cherry-picked the assets to put in the bond deal and john paulson shorted it, he is expected to testify. at the time of the deal, you have more details how goldman sachs reversed its bet on housing and started to go short on mortgage-backed securities deal. it had been long. we'll be hearing some embarrassing details affecting goldman sachs. we have inside line from the sec on their case. the e-mails will present to the jury. the jury we have here is essentially four men, five women. we have a high school special ed teacher a priest here who may be doing god's work right now. remember lloyd blankfein joked he is doing the lord's work and will have e-mails sec is looking at. goldman sachs e-mails inside were saying the cdo business is dead. we don't have enough time to capitalize on this. you have got to move now. fabrice tourre is e-mailing saying i'm not feeling guilty about this at all, joking he was selling the deal to widows and

orphans. there is a widow on the jury. this is starting to look ugly for fabrice tourre. the judge on the case is telling the sec, wrap it up. keep it tight. you're getting too bogged down in the details how derivative deals are built. we don't want to hear that we need to get to the evidence of the fraud. e-mails, taped phone calls and memos are starting to come out in this case. we're watching this developing story as it moves forward, day two of the fabrice tourre trial starting to look bad for goldman sachs down here in lower manhattan. i give it back to you. ashley: widow and a priest. that will be tough. elizabeth macdonald. thanks very much. tracy: start of a bad joke, a widow and a priest walk in a bar. for a closer look at the fabrice tourre trial, we have a head of enforcement security and partner at status and goldberg. based on lizzie just said, my initial reaction is, how will any juror understand what a collateralized debt obligation? they don't care about the

product, do they? they care more about the fact that there was fraudulent action going on or trying to prove that at least? >> correct. they will look at assumptions investors made in connection with purchase of the instrument looking at verbal and written communications. tracy: regardless whether he was kind of arrogant about it, i sold this, i got away with it, down most of the onus fall on the purchaser, investor coming in to say, hey i want to take a shot on this. >> the basis of the federal securities laws is supposed to be a level playing field. where the information we have access been generally disclosed. and one it is disclosed in a fair and equitable manner, you lose, onus falls on you making a bad decision. the what is argued he didn't disclose a fair and accurate information. simply i sold you something you didn't realize what you were buying. >> back in july of 2010, goldman sachs paid $550 million because they agreed there was incomplete information in their marketing stuff. we already paid this fine. >> they paid $550 million.

i'm not suggesting they paid it for the wrong reasons or there was culpability but they paid it to end the action. whether they believed something was wrong or not is a commercial decision. their business has to move on. they knew they probably wanted to end awe the attention they were getting. now fabrice, the issue is, he has to live the rest of his life and deand ping what he settles he may not be able to practice in the securities industry. maybe he is fighting either for his own reputation or for his future career. tracy: i think at end of the day regardless he will not be able to practice but whether or not they find him culpable do you believe there is enough evidence against it kid? he is not a kid anymore. he is 34. >> depends on your perspective. that being said if he is found not guilty legally he is able to practice and stay in the securities industry. there are men of people who had careers where they spent jail time. tracy: you're right. >> they're still involved one way or another. may not be in the regulated area per se but they still earn a living speaking publicly and

talking about it. tracy: sure. >> not necessarily clear what his primary motivation is but still young enough to have a career ahead of him and fighting for his maim. name. and the sec has had a bad record recently bringing actions against individuals. two people from bear stearns and somebody from citigroup that the prosecutions did not stick. tracy: that to my next point, is this loss bad for the sec's reputation in general? if he just can't get anybody at this point? >> they can get people, and appreciate my experience at sec our motivation -- tracy: you'reyou're right. that would be a slam on you. you got lots of people when you were there. i bet you did. >> bring an action if you feel you have enough evidence and it is in the benefit why the laws were written. you look at likelihood of winning or losing, they tried to settle with him. but that said there is a lot of pressure on the government to bring actions. as we discussed off air, put a face to some issues that arose in 2008. tracy: if he is proven guilty is this a red mark for goldman

sachs? >> not necessarily because i think they have settle. what concerns me is that any regulated institution there is a supervisory chain and i find it a little dumb founding that a 28-year-old person, young male, would be left alone to be managing this relationship. tracy: right. >> and that how could he do it all alone? tracy: they called him a analytical nerd. maybe he was potentially putting these products together. we have to go but quickly how do you think this turns out? you. >> know what? he has got a great defense team. i go 50/50 on this one. i have to take a copout on that. tracy: you're great, ron. thank you. >> thank you. ashley: i've never been called an analytical nerd, let me tell you that. tracy: you're thrilled about that. ashley: don't have the brains. stocks under pressure putting the s&p eight-day winning streak in depsy. we're live from the stock exchange. tracy: let's look at today's winners and losers. netflix one of the winners on the s&p 500 today. apple too. we'll be right back.

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tracy: 90 minutes until the close. nicole petallides on the floor of the new york stock exchange with a guest. we already figured out. >> reporter: this is the ceo of securities usa here in new york. he traveled back and forth to chicago. want to talk first about overseeing with u.s. equities. you don't think we will be much higher by the end of the year. why not? >> at think you'll be sideways. everyone is watching what the fed will do, but he has been pretty on cue and honest with us. the market is taking and how it wants to. it is hard to tell what is going to happen day-by-day. it will probably finish not far

from where we are now. tracy: much more bullish. tapering, it may taper some. >> absolutely. depending on numbers of buy stock to taper, september, october, are going to have to wait and see. >> of think it will bowl well. in that same year one are 2%. i don't know if the economy is strong enough. >> reporter: q followed. obviously facing as well. talk about investments over, what you're watching and why you think it's a great investment. >> well, says the new prime minister cannot the market, we have seen tremendous amount of volume in buying u.s. investors buying japanese equities. %-the big guys are doing it.f

>> exactly. they're all buying. underweighted. a lot of them are equities. now, this started getting strong again. our starting to buy again. the. >> reporter: d recommend that? >> very bullish on japan. we think that they're going to get out of this deflationary style and that will be very, very big for japanese companies and equities. tracy: that's interesting. we have to watch that. the dollar, ultimately here in markets taking off. but you have the inverse relationship, so you recommend people call their brokers they're interest to begin? >> absolutely. we are seeing the people underweight, taking a profit, we aren't seeing a lot of selling every starting to see a lot more borrowing. it is also a huge upside in retail investors in japan. they have been in a deflationary mug.

the market could erupt. >> reporter: president and ceo thank you for coming on. my fellow greek, good insight into these markets here and abroad. >> appreciated. ashley: well, there you go. we may get some new nuggets on the future of fed policy tomorrow when the chairman, ben bernanke, testifies before a house committee. markets have been on all wild ride. but our next guest says, don't panic about the fed tapering. stay calm. joining us now, partner and portfolio manager at skybridge capital. a key for being here. what do we have driving the market right now? obviously right now the volume is off. we are in the doldrums of the summer, but we have mr. bernanke speaking in tomorrow. >> the big picture where you are seeing is gradually strengthening private sector economies which means it's being

held back to some extent by the fiscal drag from the federal government. sequesters well as the tax increase. furthermore, what you have driving it is the fact that the u.s. says is a -- been position globally, europe has problems. in emerging markets are struggling. people are fearful of china. additionally you are seeing the equities are valued in a way that they are not terribly expensive compared to other asset class. and a look at cash treasury they see extremely expensive assets and is tough to know what to make of commodities right now. equities are at least fairly valued which explains why you have this very strong equimark and a route to the soft economy. ashley: with that in mind, where you putting your money? >> rest of focused on equity-based strategy as we talked about last time. we have a lot of corporate transactions. you have seen recently sprint. so in certain sectors, health care, wireless spectrum, bidding wars are going on for the

assets. he continued to see opportunities. ashley: have you play that? >> well, i think hedge fund managers in those bases look at the current situation or have the sectors are composed. they try to anticipate where consolidation should take place. a look at companies that they anticipate could be acquired. they're cheap. if they get acquired, great to me you still have the up side of the stock improving. the other way you talked about last time, if you're more active and engaged with management and lay out a plan. he take these five steps you can unlock shareholder value. ashley: let's talk about the fed. my theory is, they have you back. the economy is such that they can take away the support. either way you win theoretically >> exactly. that is the key. this is where we think that the market got a right. greece sold off and then quickly rallied back because if the reason that the fed is taking away the stimulus is because the u.s. economy is doing better,

guess what, the sky for equities, housing. word is problematic is assets like bonds or both were inevitably the fed finds policy will take more of the pounding. so you have a little foreshadowing, but if you are in assets that a sensitive to economic strength, you want to see them take away the punch bowl. ashley: any other head winds that could be a bit of a wild card? always europe. >> the european crisis has not gone away and the only thing that can make it go away is growth. the european powers that be have woefully under deliver of structural reforms. some want prisoners to their own political system. we probably think the biggest wild card risk is china. of all the while cards out there, the market has priced in some, but as yet for 5 percent growth in the seventh half, that could cause a correction.

no one knows what's going on in china. it sounds like they're experts. the best you can do is try to avoid anything that is a release posed to china. if it does turn out to be a problem you're going to take some market to market pain as eventually the normalize after that. tracy: thank you. tracy: he has a lot in there. breaking news. oil closing down $0.32. $106 per barrel even. the day's loss snapped used trade gains for oil. not like we are going to feel that. coming up, health care changes forcing many americans, checking your health and your wallet. that's next. ashley: first check of the ten and 30-year treasurys. unchains to. still up two and a half%. we will be right back.

>> reporter: drugmaker being sued by its biggest shareholder. first manhattan filed the suit, and efforts to stop and its representatives from soliciting for the company's annual shareholder meeting.

soaring on is of a buyout. acquiring the consumer games maker for just over a billion. the deal would expand the presence in key strategic international markets. coming up at 5:00 p.m., executive vice president of nuance and how your voice could be the only password you will ever need again. that is the latest from fox business network, giving you the power to prosper.

♪ ashley: as the insurance industry changes, another decision that consumers may be forced to make is whether they should switch doctors to someone in network. the question is, is that the best move? here now with the latest installment of her user's guide to health care. what do you say?

>> of course it is because you will save money. i'll tell you. and friends and family may not know everything that is to be known. what they're well is that if their doctor is a listener, give you time, staff nuys, pick up the telephone, what your doctor pick up the telephone and answer questions. those are important things because the average doctor only listens to you for 23 seconds before he or she interrupts. ashley: nestor, but what if you love them. >> here is what you will be on the hook. average visit costs $200. average person four times per year. * four for a family of four out of your pockets as for choosing that out of network physician. you could save 2800 by simply choosing and a network physician and pain at 22 average dollar copay. save the money to make sure you do that guy in the coming year

using specialists, one way to epic that doctor, we talked to a top people about this, choose the facility, the hospital facility that your doctors affiliated with. if you're in a big city like new york and know that you can pick a terrific hospital, make sure that that is where your doctor does business. that is going to be critical. tracy: on one of those people that my ob/gyn fell out of our plan and i stayed. >> is really hard. tracy: i know. i have three kids with this person. >> you have to be really committed. >> you're right. it's not cheap. tracy: it's not. >> i want to give you more ideas . because it's difficult. if you want to check out the affiliations, the educational background, professional background of the doctor checking out. health great dot com titles. they have some of this information but also have patient referrals.

patients have had our time with the doctor. there will say on the web sites. you be able to find that out. it's often hard information to get. ashley: it is in all this will be discussed in another show. tracy: check out the website. we are putting up these blocks with all the information. all the links. if you want to see where their website is there will be giving you all that tonight. ashley: don't miss tonight's six and 9:00 p.m. eastern right here. that is such important information. you have done all the legwork for people. tracy: people make an effort to complain, so if there are complaints they're out there. all right. a quarter till. time for stocks. the stock exchange every 15 minutes. mark newton is with us this time. the market is pulling back a little bit. but we get mixed messages today. goldman blows it out of the park. coca-cola plans the weather.

i mean, what are we taking away from earning season so far? >> tough to make. the majority of the companies will come out. we sought comments. retail sales. a little bit of a pullback. the huge run over the last three weeks. clause 12 of the 14 trading days, there are concerns. sentiment as an overly optimistic. the fed will be overly accommodative to some extent. so the market is really right for what could be a pullback which happens really of the next two weeks and at least getting going and provide at least some buying opportunity for investors that a patient.

tracy: you're great. thank you. ashley: yahoo shares. just over one hour from now. telling us why he sees more upside to the stock coming up next. tracy: us take a look of some of the day's winners and losers. up 5%. dow down 26 points. we will be right back. ♪

tracy: yahoo ellis' second quarter earnings out just in time to mark the one-year anniversary at the helm of the internet giant. shares are up more than 70 percent since she took the

reins. my next guest says young who is still unknown growth company. joining us, head of technology research in this and the cute. but everything under the sun and still can't go the company. >> a lot of the acquisitions that they have done our companies that, frankly, don't have much of any revenue. so at this point, look, when she took over a year ago she made it pretty clear that is that going to take a couple of weeks, months, or quarters but a couple of years for her team to every accelerate growth. tracy: 17 acquisitions. that was the biggest. are going to see any kind of creative ras after a while. >> i don't know the answer to that. think that they're moving in the right direction, as you pointed out. the company, was just checking today, 9 billion in cash and investment.

very flexible balance sheet. no growth. so it makes sense that they were not only making investments but buying other companies to come up with these things to attract more people to the site and also keep them for logger amounts of time. the living in that direction. >> paid performance positive. has been a seller any of the last five quarters. now that comes down to advertising, getting people to the side and keeping them there and making money off of the advertisers. >> as much as yahoo is perceived to a number of different ways, at its core it is still an advertising company. tracy: ag on track to be that the nrc kind of going off in all of these different directions? she is focusing on mobile as well. >> i think the way this she and others are articulating the focus at this point is number one, look, they have all lot of different businesses, franchises, and offerings. let's on and on what is most important to. then those things that are most

important are really kind of associated with people's daily habits. digital media. checking e-mail or stock "or sending a message to a friend, those the type of things that seem to be done pretty well on the things that people do with the mobile devices as well. there is that nexus. it is just a matter of building up the user base and increasing engagement. tracy: why is the stock moving like a rocket ship? everyone is on paper waiting for that investment to come through. stocks being on fire, is it all because she is at the helm when there is some hope? >> i think you reference the two major reasons why the stock has performed so well. first of all, look, melissa meyer, she was known around the world as being one of the foremost internet executives on the planet. she could have really chosen to do anything, and she decided she

wanted to become the ceo of yahoo. that says something, and they have been able to attract a lot of executives and corps employee talent. in addition, your referenced a lot of people are excited about the prospect of an ipo. we think it might be worth $60 billion, even with taxes that's a pretty big payoff from $1 billion investment just to years ago. tracy: i have to go. going into earnings, buy or sell? >> a hold recommendation. tracy: hose across the board. as in the queue. thank you so much. keep it here for our live coverage. ashley: well, hours away from this year's battle. how did that teams stack up in terms apparel? the highest paid. minnesota's jeff amount takes in a cool 23 million per year. coming in at just under

20 million for the national league. on the other side of the coin the angels are in just over half a million dollars. national league starting pitcher earns it just on that. all and all the american all-star payroll totaling 114 million. the national league comes in and $97 million. the american league paying more money. don't miss tonight's all-star game. tracy: that's a lot of money. i don't know. all right. countdown to the closing bell is next. certainly more on their results. there will tell you what to watch for a breakdown weather melissa meyers buying streak is the right strategy. that and the rest of the day's market action straight ahead. the dow down 30 points, don't go anywhere. ♪ my mantra? always go the extra mile.

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♪ liz: fake name, but the vastly different company. yahoo reports after the bell. all the acquisitions she has made pay off for does this ceo in a chair for one year need more time for a plan to work? we break it all down for you. a tale of two. one under the harsh spotlight in court over whether a fabulous frenchman misled investors with the other delivering fabulous earnings. how long does plan fine want to stay at the helm? and speaking of gossip. >> freed for lack of a better word is good. liz: we all remember michael douglas and the mass line in wall street. turns out that even after the financial crisis many of us would still cut corners in order to become