this could be a big threat to business, cyber security. how dangerous it really is. and toyota flexing the hybrid muscle today on the shot around the automotive world. jeff flock will have a look at that and the high-stakes game of fantasy football. you are having your draft, many people this weekend, do not trust your gut. it is all about the numbers this hour on "markets now." ♪ connell: all right, welcome to "markets now," lot going on today. a lot going on today. for today, investors seem to be shrugging off.

lauren simonetti joined us at the new york stock exchange. >> the dow is up near session highs. the fix is down. that sets the stage for a market not as nervous as it was yesterday. you have chevron and exxon leading the dow. mcdonald's is contributing ten positive points to the dow as well. green across the board. connell: we will take it. and the attack on syria. how soon could we actually see

military action? let's go live to the white house with rich at finn. rich: last night they had a cabinet meeting. they are waiting for a report from the administration. the waiting game continues in washington. there are those who are signing onto this idea. the movement is growing on capitol hill. meanwhile, congress is still out for the next couple of weeks. inspectors will need at least four days.

we will continue to consult and keep the situation in syria under close room. this on the heels yesterday of a hacker group identifying itself as a syrian army disrupting websites. this is becoming a new dimension. connell: thank you. we will talk about that. we have brian finch. rich talked about a couple other things.

with the united states act in syria with or without approval, do you think? >> it seems to be that way. giving them time and information to prepare. president obama does not need the approval of congress to strike. he may want to consult congress. president does not need to go to congress and less he really wants a declaration of war or it will be a prolonged military operation. connell: they basically tipped their hands and some ways but

what they want to do in syria. what does that tell you about the goals and what does it tell you about what it would like to accomplish? >> it tells us this is more about pageantry. we are not seeing a real strategy, not a military strategy, not even an object this. which fashion do we want to prevail in syria? it seems like the obama administration has gotten tired of the chorus. connell: it brings us to another

point. what are the ramifications of that action? we talk about the economy and how it affects the financial market. israel certainly is concerned. is there this element of cyber warfare? you basically called it saying this army would either retaliate or get out ahead of it. will we see more of this? >> i would expect to see that. assad has a tremendously capable military. if we were to launch manned aircraft against the syrian regime, they make it likely and shoot down a plane or two. what they can do, they can

certainly do things that will be disruptive to the economy. connell: who are they? it is a group that has been responsible for the hack. who makes up this group and to may they go after? >> we are still trying to determine exactly who they are. do they actually have capability themselves? well iran act under the cover of serious as well?

who are they going to go after? i think they will go after the media. they can do and i'll service attacks. private sector and government. iran, if they were to get involved, obviously, it is a threat to us may be through cyber warfare. it is a bigger threat to maybe israel. >> iran is already involved. iran proxy army is now concerning itself with supporting us that.

we strike them, it may stir up a hornets nest. it is not just its nuclear program that is problematic. we ought to be able to push back. connell: what are our capabilities? alternatively, in terms of cyber warfare, retaliation, what ever you want to call it. >> they can certainly handle any

situation. there have been a swirl of reports over the last few months over u.s. weapon systems. if we get into a situation with a sophisticated enemy, it will be interesting to see if we have any failures that neutralize our own kinetic capabilities. there is a lot to be seen here and a lot to be played out. connell: thank you to both of you for coming on. gold has had a two-month run to the plus side anyway. investors turning to this safe haven. we will have a report on that. this week is the big week for a lot of the graphs.

we have some inside information that may help you out. hybrid wars today. first, a look at the oil markets above 110 now. we will be right back. ♪

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folks have suffered from frequent heartburn. butetting heartburn and then treating day after day is a thing of the past. block the acid with prilosec otc, and don't get heartburn in the first place. [ male announcer ] one pill each morning 24 hours. zero heartburn. connell: old is what we are going to talk about. debt ceiling concerns have been attracting investors lately. the question is, is it really the safest that out there? >> let's look at the charts. this is a contract.

breaking down and below the 1420 mark. is it in a sustainable bull market? where will it settle? connell: let's bring lauren back from the stock exchange. >> there is a media event and

apple is expected to unveil their new products. as we wait, we have two big movers today. they are really looking into this voice market. another stock is up by 4%. they are forecasting a very strong quarter of head. connell: holding fantasy football league draft. many of them are this week. we will take you into the numbers. toyota trying to position itself

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>> 21 minutes past the hour. president obama will speak on the steps of the president memorial today. in the final refrain of that speech, doctors said let freedom ring. the wildfire near yosemite has become one of the largest on record in california. it has evolved more than 293 square miles. the fire has prompted

air-quality warnings more than 100 miles away. victoria cobol will never forget this. she upset number 11. prior to last night, she had not been anyone. i and patty m brown. back to you. >> thank you. connell: big money on the lines. a lot of the graphs are being held this week.

welcome, nick. thank you very much, indeed, for coming on. it is all about the numbers. this particular moment, we are talking about fantasy football. should people just look at data when they are picking their team? >> that is always a good strategy. connell: you have better advanced stats now than ever before? the first up here, we have two of the quarterbacks around.

>> there is a lot of worry about tom brady. peyton manning, mr. stable, mr. consistency. connell: do you take into account which teammates have been lost? >> yes. we consume the statistics and create our own statistics on the back end. as a project forward, we look at a situation and map it to a historical situation that is

similar. connell: that is just numbers, numbers, numbers. one has calvin johnson on his team. we have calvin johnson versus fitzgerald. >> you have to take out johnson. for once, they finally have a second receiver.

mike wallace. there are a lot of bad situations brewing in miami. mike wallace is a deep threat. connell: the history and what habit. we have to go now. i am a jet fan. >> i would say draft another one.

connell: our next topic that we will take up, a lot of money coming out of bonds. talking about rates going up. sitting in a new gangster's paradise. we will talk to coolio on markets now. coolio is coming up. first, the winners on the s&p 500. ♪ [ male announcer ] how do you get your boce?

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connell: back to bonds. serial making the market look more attractive to investors. we will have more on that. plus, the rapper turned chef, coolio. he is coming up. coolio on "markets now." >> jpmorgan bank of america, they are up.

according to this report, like you said, the banks have piled up more than 100 million in legal costs. connell: thank you very much. let's bring up the ten year notes, first of all. kevin joins us now.

has syria really changed? >> between the numbers that led us through the weekend into a bit of rally and prices, the icing on the cake came. today, we are giving back a little bit. we are in the middle of an auction. it looks like the market is settling in on what may be more of a wait and see. connell: all the talk was about interest rates.

will it continue to be the theme? >> it is very key with the housing and jobs numbers. the next upcoming list of economic numbers will obviously be the employment report on september 6. we are still watching the housing numbers. today's mortgage application number was weaker. otherwise, we have the debt ceiling and other issues to deal with. i think we have another couple weeks to figure it out.

connell: syria may have an impact as well. >> you can look at what type of, we don't know what type of military action, how long it will take. if you do not like treasuries and you want a safe haven, go to gold. connell: i know it is a big deal, but the market is kind of moving a little bit too much. they may be concerns or a strike that may prove to be contained. >> the longer this drags out, what comes to mind to be going

way back to 1990 was the invasion of kuwait and what the response was. the market is a little more cautious as to going too far in one direction until it becomes a little bit more clear. we are seeing a little bit more selling act committee. >> thank you, sir. appreciate it. another big part of this is oil. let's go to chicago and the pith of the cme. >> we are watching these oil prices very close right now. up more than a dollar. the price of oil is already high. we have seen demand spike globally for oil.

something i am talking to a lot of light energy sources right now, nobody talking about the strategic petroleum reserve. there was a squeeze and libyan supplies. the u.s. did tap the spr at that point. this seems to be a growing possibility today from my reporting. could we tap the spr? it could lead to a germanic selloff in the price of oil. something to note as we continue to move forward. will we be tapping into this emergency u.s. reserve?

when we talk about middle east supplies, we should ask ourselves, how much is the middle east actually dependent on those supplies? about 2 million barrels of our daily consumed oil, only 2 million of those are coming from the middle east. that is about 10% coming from the middle east. we are not greatly dependent on it, but it still influences the global price of oil. we do need to keep that in mind we talk about filling our gas tank. growing concern down on the floor. we are waiting to see what the next step is. these markets on pins and needles. gold, by the way, down right now. oil, certainly still spiking.

connell: we will stay on that story. sandra smith out in chicago. toyota taking a stance. positioning itself as a leader of hybrid technology. do not forget that we have coolio coming on. businessman, rapper, cook and a big youtube talent. coolio. he is still around. keep it here on markets now. ♪ ♪ [ 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.

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♪ >> i am lori roth in with their your fox business brief. pending home sales fell in july. the national association of realtors say it is the second straight month. mortgage apps also fell for a third straight week. community involvement and even

who is better dressed, all factors considered by some employers. that is the latest from the fox business network. giving you the power to prosper. ♪

connell: walmart announcing it will extend health insurance benefits to domestic partners. that will begin in 2014. it will offer the change in all 50 states. it will offer the change lagarde list. the announcement part of the change updated.

walmart 7258. the roads will be a bit more pack for this weekend. 2.6% increase from where we were last year. highest in four years. over 34 billion people will travel 50 miles or more from home. 8% will fly. 7% bus or boat. the others will drive. that is our cue to bring jeff flock in. jeff: toyota has always been low profile on the u.s. market. not anymore. fort taking them on in a big way. i am driving.

does it look like i am on the wrong side? this car is sold in japan, largely. all of the 22 different hybrids, vans, suvs, all different kinds of vehicles. they are trying to make the statement that they are the number one hybrid manufacturer in the world. this is a toyota crown. take a look at all of these other ones that are out here. take a look at what ford has done. take a look quickly.

kind of making fun of the previous. i will give bob carter's take on that. we will have him live in the next hour. i did not hit too many things even though i am driving on the wrong side of the road. connell: eyes on the road. well done, jeff. back to the markets. let's bring in lauren simonetti. yesterday, we sold off. the trader talk is that syria is important. overall, in terms of the fed tapering, it is mostly

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connell: a little "gangster's paradise" right now. a little more gourmet. it is good to have you on the show. is that true you try to auction off the music rights? >> i considered it.

something i decided not to do at this time. i have millions of e-mails. the numbers were not working out for me the way i wanted them to. personally, i just decided to back off. >> you made a lot of money in music. i am the ghetto gourmet. [laughter] >> i can get down. i am a really good chaffe. i know what i am doing in the

kitchen. i have a cookbook. anyway, like i was saying, we are working on new episodes. connell: for fun? or just for money? >> cooking is part of who i am, you know. i am good at it. i figured, you know, you do things that you are good at to make money. connell: we are showing the way you are doing some of this. instead of trying to get on some other channel, start your own deal on you to. how does that work out?

>> we make money from advertising. we are getting ready to shoot the second season. i am working on a new album. i want to be the first rapper to go platinum at 50. i just turned 50 august 1. one of the best saxophone players i have ever seen in my whole life. another business offer of mine, we are working on a lot of things. my son, he is working on his

stuff right now. connell: you are still into music. that is great. congratulations. good luck with the whole shaft coolio thing. continued success. >> if the apocalypse came right now, people may not buy music, but they have to eat. connell: that is the best business advice you will get all day. the latest on syria, believe it or not, is coming up next. cheryl casone is coming up on "market now."

hanging in there today. how these companies are vulnerable to situations like the one in syria. a lot more still to come. do not go away. ♪ you know throughout history,

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simonetti's. how much of this is just a little bargain hunting? lauren: it is an excellent question. the vix is down, hold down, and new highs for the session. the nasdaq is the old performer. a half a percent gain. the s&p 500 just hit the 100 day moving average yesterday. we fell below that yesterday for the second time of the year. as we continue to watch the afternoon in syria to see how the market will play this out. leading the market, energy on those and technology. cheryl: lauren, thank you very much. on a more serious note, the world awaits, president obama is

holding a cabinet meeting weighing options for military strike inside syria earlier today. the regime is gearing up for yet another chemical attack this time in the nation's largest city. lawmakers are pressing the administration. >> we should stay out of syria, do not understand that this is now a regional conflict. look at the news from baghdad this morning, look at the dislocation in lebanon, look at jordan, which is overflowing with refugees to the point where the regime there is very unstable. so this is a regional conflict that is getting worse, and what is the president's policy? cheryl: we have team coverage of the crisis in syria. rich edson with the latest on the obama administration. a former state department

advisor will break down our military options. but first, fox news covering the conflict from jerusalem. what are you hearing? >> cheryl, before we have the war in the middle east we have a war of words. that is what is going on right now. the syrians are continuing to listen to the war drums and eating them a little bit themselves saying if they are attacked, they will make tel aviv burn. we looked at the military, pretty formidable force. i have a lot of long-range missiles, american bull air defense systems and long-range anti-shipments they can be used against the u.s. fleet if it got close enough to the syrian coastline. the issue going forward with this airstrike is just how big would it be. as far as we can tell, it appears there's going to be a very limited strike leaving in

place syrian military capabilities. combine that with the fact syria from iran has been talking with how israel will be the first place of a counterstrike. the israelis have put all of the antimissile systems, the iron dome, the patriot missile batteries all on standby right now as they try to gear up for this, also called up a number of their reserve soldiers. not quite at the level of panic but there are long lines outside distribution centers, every israeli is entitled to a gas mask but not everyone has one that is up to date. a fight broke out at one of these distribution centers as folks try to learn how before it is too late. a war of words continues on this side, the israelis have tried awful hard the last couple of years to stay out of the syrian civil war. they have joined in the prime minister says if attacked, they

will react fiercely. cheryl: standing by with that part of the story. the obama administration wants to act quickly on syria in fears another chemical attack could be imminent. how soon could we see a military strike? the follow-up with the president. >> officials are still considering their options on this. officials try to work international channels. the white house says we can expect by the end of this week to receive intelligence reports detailing the attack when the chemical weapons were used in syria lyin laying out their case american people and the cause for action. we don't know what that action is going to be. the u.s. ambassador to the united nations in a meeting with russian chinese british and french counterparts, expected to wrap up soon.

meanwhile on the nato front meetings continue on that side. we got a statement saying the regime maintains stockpiles of chemical weapons, available information from sources point to the regime being responsible for chemical weapons in these attacks. more attacks when it comes to the online of this, tax on "the new york times" website, on twitter by a hacker group calling itself the syrian electronic army. online is the next front. >> syria and iran are not there yet but they are gaining that capability. there are people who are fairly sophisticated tools for a relatively low investment, a couple thousand, a couple $10,000 they can conduct sophisticated attacks. >> and infighting within the

united states considering the critical voices in congress. senator john mccain has been vocal. dozens of house republicans calling for the administration to go through congress for any authorization of military force before the administration takes action. back to you. cheryl: senator obama was there. they will have more. thank you very much. we want to bring in former state advisor joining us from dallas. you can't help talking about syriacommie have to talk about the issue of iran. we are hearing 4000 new troops heading into syria, these are iran army troops. do we have a bigger problem on our hand when it comes to dealing with if we attack syria, iran may launch counterattack? >> well presented. i may add i come from an

intelligence community background state department. they can look at future warfare coming down the pipe. our real threat is not syria. as sad as this event is, the real threat is iran. thewe talked about it the last o years, including israel and the turn of iran with a nuclear weapon. i have said for the last three years as syria goes, so will iran. cheryl: i have heard you say that several times. really quick you mentioned the saudis. we have an ally here. i don't want you to speculate, but could there be joined exercises the saudis could deal with this problem. >> we are working them out of jordan, they are doing it very

quietly. the fact of the matter is they want to bring down syria. they understand as syria goes, iran. they have the student, merchant class was the perfect opportunity for this president to assist that movement, be rid of a nuclear threat down the road. the saudis see that same vision, they want to see syria down knowing in years time, two years time, it will lead to revolts in and around the downfall. ithat is a long-term center. cheryl: i know iran is a threat, but from the military standpoint, this is where your expertise comes into play, how specific, how targeted can the drone strikes b? and is that enough? we keep on hearing no boots on the ground but does that have to be part of the equation here? >> what i am proposing will

sound very harsh. three days of firing tomahawks off of navy ships, missiles will not get the job done. i propose woul we bring armed ds into the area, plenty of signal intelligence on the officers in the syrian military. we begin on a daily basis killing 12, 24, 36 of them. we also put in assets who say if you turn on a side, give them to us so we can try french national war crimes, we will promise you a place in a new syria where there is free elections and so on. if you don't do it, we will continue the missile strikes and continue the drone strikes on all your leadership. that is the hardball game we have to be playing. i hope somebody at the agency, dod sees a bigger strategic

opportunity and begins playing that sort of item. cheryl: we have the cia, the fbi, the department in place for this type of thing we expect them to have these difficult conversations and perhaps we don't have to know about them. thank you for your expertise on this. former adviso advisor and dealsh corporations. possible cyber implications for the united states involved, the syrian electronic army claiming responsibility for malicious cyber attack that took down "the new york times" and "huffington post" websites late yesterday. the group known for carrying out attacks on media outlets hitting websites for the "wall street journal," the "washington post," the financial times. let's bring in cyber security expert doug. electronic army has said the

name.com took down their website right after. why have they not been already disciplined enough by just really an company that should frankly be in charge of all of this and stopping these attacks by the army? >> it is a little bit more complicated than that. a series of back end infrastructure and services. a variety of ways in which the attacks could have happened and they have been able to clarify from what i have heard identify how that attack progressed but it is hard to kick out an intruder. we have to update the system is apparently. cheryl: the defenses were crucial and they kicked into place instantaneously when the attacks were happening in the late afternoon. with the "washington post," "huffington post," they are ready for this but why are we not immune to this. and this is a group we are told

sympathizes with the syrian government. is there any chance they are a part of the syrian government? >> first of all it is a modern world with complex technologies so as we can need to evolve as a society and modernize how we do business and how we communicate, there is a wider attack for systems to go wrong. as the second part of the syst system, that is more on the political arena, but also hard to identify exact actors down to individuals. the extension of the army, and addition. cheryl: how difficult would it be to prosecute these people? >> very difficult.

there is no unified cyber law out there. working across borders is a very difficult thing to do. they have cooperations on booking with each other, but it is very challenging to prosecute to go after and find individuals where we especially don't have hands and feet in locations. cheryl: again, we're getting attacks from all fronts and around the world in syria to be a part of that group. thank you very much. i want to show you something else, this is the market of what is happening with potential military attack against the nation of syria, that is a nation of gold. 1433.85, that is this morning. it settled yesterday 1420.20.

a couple of things i want to show you. this is the prior day's actions in here. you saw a red line and volatility, so there's still a lot of volatility in gold. here is the intraday chart. user error, back to my prior day, but initially the intraday chart, here you go, there is gold for today. the volatility in a bull market territory. gold is up 20% from a 30 month low. i want to show you oil if i can. oil is the other story. talking to sandra smith, attacking the strategic

petroleum reserves, we did that back in 2011. oil, gold, the market perspective watching the two contracts and silver dealing with the potential situation in syria the next 24 hours. where should you put your money to work? we will have strategies to play what we are seeing globally right now. also the fight for hybrid supremacy. ford has a black eye. we are looking to make hay. we will be live in michigan with carter coming up. and it has been 50 years since martin luther king historic "i have a dream" speech at the lincoln memorial. how far has america come since then? charles payne will join me to discuss inequality and economics.

cheryl: right now the dow is up 56 points. triple digit massive selloff

yesterday. it is a quarter after the hour, big news coming out of tivo after the bell, confusion of why they had that big number. lauren: tivo stock is a big winner. they reported after the bell yesterday. they posted losses since the second half of 2009 so now they are finally seeking not only good numbers but the record number of profit in company history. subscriber group, that is positive, and the ceo is optimistic. the ongoing royalty payment concerned about long-term profitability so that means eventually tivo will have opportunity to work with new products and things like that. back to you, cheryl.

cheryl: so today marks the 50th anniversary of the march on washington the day martin luther king jr. gave that very speech, i have a dream. you point out the gathering of people was for jobs, for freedom. charles: that was the big event, the march was for jobs for freedom, martin luther king speech we talked about, really opportunity. a chance to get into the game, get off of a lonely island poverty surrounded by this fast material of wealth. the way to get access to it was to be able to cash a promissory note with life, liberty and the pursuit of happiness. cheryl: what does this mean to you, this anniversary? charles: i have a lot of people

judge where black people have come and authenticate it to a baseball game. the only reason that is not a good thing is because in baseball once you do an inning we go to the next one. we can actually slide backwards. i am afraid of where black people are in the station. cheryl: do you think it is the younger generation? charles: it is a tough thing because you can say to a kid his mother goes to work everyday and scrubs the floor, it is hard to say to that kid maybe you will break through, so it is a 1-2 thing. to dismiss where racism lives in this country would be ridiculous and i hear people do that a lot. that is the centerpiece of where dr. king was talking about. the content of your character. that is really the thing.

if you have the right content of character, you have opportunities in the country but obviously not perfect. we have a long ways to go. we can certainly celebrate that. we have to be careful that special forces or interest if you will don't work against what has happened already because it is sort of like i follow the market, there will be hiccups here or there. it feels like they will likely take advantage from the fifth inning back the fourth inning. cheryl: thank you. charles: every time i listen to it, i cry. cheryl: that is tenfold. thank you very much. let me go back to what we are seeing happening overseas. tensions are heating up overseas having analyst call for higher gasoline prices here. also fueling demand for more

hybrid vehicles. toyota crowning itself the leader of the hybrid market. we are live in michigan with the senior vice president bob carter coming up. which of these words is not being added to the oxford dictionary now? someone from our floor will demonstrate for you and me what twerking is. coming up.

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>> 27 minutes past the hour, i am patty and brown. the wildfire near the survey national park has become the largest on record in california and continues to grow. involving 293 square miles and only 23% contained. prompting air quality warnings more than 100 miles away. prosecutors have asked jurors to hand down a military death sentence against the army psychiatrist who fatally shot 13 people and wounded more than 30 others at fort hood in texas in 2009. it requires unanimous decision by the jury of 13 military officers. george zimmerman's wife has been

sentenced to one year probation and community service. she pleaded guilty to misdemeanoamisdemeanor perjury r lying during a jail hearing. she misled a judge of how much money she and her husband had. her spot than was found not guilty in the shooting death of trayvon martin. those are your news headlines on the fox business network. cheryl, back to you. cheryl: thank you very much. automakers are jockeying for position to be the number one maker of hybrid vehicles. jeff flock is in michigan where toyota is parading out the line of hybrid vehicles. you are on the move. jeff: cheryl, for the first time ever toyota has taken 23 of their hybrids they make around the world and brought them all together in one place. bob carter is the brains behind all of that. i have to think you are probably the most successful automotive sales executive in america in

the last decade, and a lot of it has to do with the hybrid, right? >> a lot of it has to do with our product and our dealers and our customers. but hybrid has been a core aspect. we are confident it will continue to change the industry for the next 15 years. jeff: you are usually low-key. but you bring all of these vehicles together, you want to say we are the hybrid leader. ford sort of tweaked a little bit. they kind of make fun of the prius, and we get better mileage. what do you say to that? >> the prius' leader. over 70% of all hybrids sold in the u.s. are toyota or lexus brand.

hybrid technology is 16% of our sales, and we would like it to be more. ford is doing a nice job they represent 3% of volume and honda is 2% so we're clearly the leader and we want to demonstrate that to you and others in the attendance today. jeff: tell me what is coming in the pipeline in terms of numbers and where. >> not only do we offer 23 different hybrids throughout the globe, but we will announce today we have 19 more hybrids coming over the next three years. we believe this is the core technology delivering a real benefit for the consumer. jeff: compare ford and toyota. take a look at the stock, cheryl. made a big deal of how much ford stock is up, that is your big competitor in the u.s. and the gloves are off. >> that is great for the consumer because competition

breeds better pricing, better product. a wonderful time to be in the car business. >jeff: i want to ask him about a company called tesla. are they missing the electric boat? i will give him two hours to think about this answer, but i think he has answer right now but we will wait two hours to hear it. cheryl: you are not running over anyone, are you? jeff: just cones. but no humans have been harmed. cheryl: looking forward to that next interview in the 2:00 p.m. hour. thank you very much. well, getting back to more serious issues, there are extreme tensions in the middle east right now moving the market, but we are higher right now. they have strategies where you

should put your money. somebody is buying today. are these guys doing it? and pensions may be impairing one company's ability to go abroad. what the ceo, they're selling goods to emerging markets and in the middle east. we will be right back.

lauren: i lauren simonetti on the floor of the new york stock exchange. we have so much to get to. down nearly $2. they are a maker of mining equipment. lower coal prices and coal supply around the world hurting this company. i also want to switch to zales.

up 21%. zales hitting a new high today as well. let's go when those shopping for some other stocks right now. express is rallying. getting the trend right, the consumers are shopping. tiffany is down after hitting a historic high yesterday as the number two loser in the s&p. act you. cheryl: i want to bring into the studio here the panel, james lebenthal and todd schoenberger. todd, welcome back. i'm curious how you are playing the market. concerned about that, but seeing the dow up 71 points. >> we have heard it is going to be a two day conflict so suspect we still have to hear the final approval from the president. if not today, by tomorrow.

we are very respectful of that, we will not start humming or enter into any kind of conflict. who will on probably saturday morning. america bombs at night, we can see the enemy, cannot see us. we will start bombing saturday into sunday, that gives us monday to digest. that is why the market is up right now because they know it's a great entry point. cheryl: what about oil service companies? chevron, we're bringing in chevron which is actually leaving the dow. >> yesterday was awesome because you had them up big yet the minors and gold come down quite a bit. also we saw that with oil companies. they are doing great because the traders knew yesterday was a great entry point and the complex would be short.

cheryl: what do you make of that? >> he hit it on the head. this is going to sound trivial, but half of the street is on vacation right now. people woke up and hear the news of syria finally getting hot and said i don't think i want to do this, i want to go to the beach. but many people are reading the newspapers thinking about it saying this is ridiculous, this is going to be over in a day, maybe two days. speak of it the ancillary impact. syria is a very poor country. you have heard from the russians and from china because they are saying they have vested interest in this country. if we start bombing, what will happen with those states relations and don't forget the proxy army, we start bombing. >cheryl: it normally goes higher

with oil jumping, yesterday hit a four-month low. >> we are correct to be discussing those because an attack on syria isn't going to have that much of a direct effect. this is shaping up much more like a proxy war of the 80s or 70s between the russia, u.s., but this is a typical cold war battle where the fighting is being done somewhere else. no way this leads to russia and the u.s. trading, that is just a thought inconceivable to us. cheryl: i will say there will be a political war of words between the two countries and this can be an economic war between the two countries. forget fighting, talk about money. >> make no mistake about it, our relations with them are about as low as they have been in the last 20 years. >> i had to tell you, they will stay that way.

remember, you had parliament in england caught away from holiday. what is our president is doing, what is congress doing? we have to hear that, russia, china, everybody else is talking about this from a geopolitical perspective, business sense you have to suspect we start bombing and when they go off it is the ancillary impact that can take everybody. cheryl: i appreciate you talking about the market perspective because that is what we are following on the business network and people making bets along with what w we're going to see happen in syria. it is hard sometimes. >> it is a traders market. you are going to have chaos, chaos is here and it is not going away anytime soon. cheryl: james lebenthal, todd schoenberger. thank you, both of you. tensions in the middle east may

be impairing the ability to sell products from big-name clients. wwe're talking macy's, sears, under armour. speaking to the ceo coming up next. and seattle topping one new list but not in a good way. coming up in the "west coast minute." [ male announcer ] imagine this cute blob is metamucil.

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your fox business brief. jpmorgan chase facing $80 million .s. regular readers. your times says the bank is under investigation for allegedly selling identity theft protection products. to the credit card customers with false promises. pending home sales fell 1.3% in july, a steeper decline than the .5% analysts expected. national association of realtors say it is the second straight month contract to purchase previously owned homes fell. coming up on "money," superintendents to talk about why schools are dropping out of the federal healthy lunch program michelle obama pushed so hard for. they are actually losing money in the cafeteria. that is the latest from the fox business network giving you power to prosper. clients are always learning more

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cheryl: almost 25% of online retail traffic is coming from international consumers. tensions rise over syria, our next guest says the business is ready to help navigate the storm. joining me now, michael. the company enables with her 25 u.s. retailers to do business. how worried are these retailers about, we have big profit margins coming from overseas for these guys, are they telling you their concerns about the middle east right now? >> middle east is an emerging market for our customers and obviously the situation in syria is very serious everybody is concerned about it potentially spreading. it has been fairly well contained while everybody is keeping an eye on it in terms of global sales and the impact it has been fairly limited overall. cheryl: bloomingdale's, macy's, these, under armour.

there is a whole list. sears. these are companies banking with the u.s. consumer, they are banking on the emerging market customer. are they so positive of growth overseas in general, middle east issues aside here? >> absolutely. it is massive and growing extraordinarily fast. we have seen it here in the u.s. and the market around the world there is less penetration globally for e-commerce. it is growing really rapidly. cheryl: one thing we're talking about his instability in the middle east. you have jordan is one of the countries you have a lot of your retailers exporting in. egypt, israel, saudi arabia. what do they tell you? are they playing to slow down the targeting of those countries? >> potentially from a marketing

perspective they may pull back because people are distracted by what happens. i think they may pull back the abilities to sell in this market continues, saudi arabia is an excellent market. exactly. as he moved closer to that part of the region from the u.s. you can't legally sell to them, but obviously the real concern is a spread. cheryl: many u.s. companies still trying to do business whether it is soda companies or construction companies are all focused on it. the company is border free, 25% of income coming in from the emerging market with the retailers and you are in the middle of it. thank you very much, good to have you on the show. time for stocks now. standing by on the floor of the new york stock exchange. do you think this will push back

the deadline for the taper? >> i think you will see less paper talk coming. the big concern is gasoline at the pump. for every penny kissling those of it is a billion dollars out of consumer pockets. you saw from cold and walmart, consumers are troubled with discretionary money. if we see gasoline going up at the pump, that'll be a problem and there will be less tapering going on. cheryl: thank you very much. fears of a u.s. monetary strike driving oil higher for the past few days. now there's talk of the nation's strategic petroleum reserve. on the floor of the cme, sandra smith has word from the white house. sandra: differing opinions on if it should be taxed. if there is a potential for an

actual supply squeeze basin happenings over in syria. the white house has responded basically saying they are monitoring the current oil supply and demand situation heading into all of this. we have phil flynn on the floor othe cme group in chicago. whether it actually happens the market making any sort of predictions. >> enough news events before it has been used, it has been used very aggressively, and you are already seeing in the market because of the price of oil impact in the demand side of the equation and hurting some economies. so that really makes a case when the bombs start to fall. sandra: higher prices there higher prices. the man tends to fall off and the price tends to fall.

we look back at a chart, oil pulled off about $8 when the president decided to tap the emergency reserves. what kind of a selloff to think it happen if this were to actually be employed? >> the best way to judge risk premium is really when libya started we went above $100 per barrel. they went into a new range so i would say 110, you have $10 of risk premium. if you add to that $5 on the upside, probably can fall back to about 100. sandra: there is about a $10 premium price in there as well because there could be a sell on the news events to keep in mind as well. cheryl: here we go with gas prices again. thanks to both of you. drivers in seattle crashing their way to the top of one new

list literally coming up on the "west coast minute." and how is miley cyrus connected to a new word being added to the oxford dictionary? we will tell you coming up. oh boy. here we go. oh, geez.

cheryl: time for your "west coast minute." l.a. county is given the greenlight to disney to build a blockbuster high-tech production facility in santa clarita. the studio space will have multiple soundstages, producing film and television projects. the word on when the ground will be broken.

shares of disney up right now. seattle drivers among the worst in the united states according to a new annual study released covering 200 the largest cities across the country finding seattle drivers crashed every 7.8 years. national average is only once every 10 years. the advice, drive better in seattle. las vegas fans have resulted $47 million laundering case results of a highrolling gambler who turned out to be a major drug kingpin. being held in u.s. custody after gambling with cash raking in a lot of wins and losses. the government accused failure to report suspicious activity in transactions. there is now. that is your "west coast minute." miley cyrus performance at mtv's video music awards giving the term twerking some unofficial

recognition. oh, good god. oxford english diction at in the word to the list defining it as "advanced to popular music and essentially provocative manner involving thrusting hip movements and a low squatting stands." that is what she did. adding to the database fit other words including selfie and bit-coin. the white house decision could come as soon as tomorrow. how impacted the u.s. interest abroad will be. and steve forbes on how the sequester cuts and defense could play all of this. and thinking on your feet at work literally. the man who'd ditched the office chair for two years and the result of his experience.g8v

any last requests mr. baldwin? do you mind grabbing my phone and opening the capital one purchase eraser? i need to redeem some venture miles before my demise. okay. it's easy to erase any recent travel expense i want. just pick that flight right there. mmm hmmm. give it a few taps, and...it's taken care of. this is pretty easy, and i see it works on hotels too. you bet. now if you like that, press the red button on top. ♪ how did he not see that coming? what's in your wallet?

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dennis: will go back market now. lori: the word of the day is on surety. the dow is up 80 points right now. oil today climbing to new highs. adam: we will get the global market if with the international strategist. lori: the new threat. adam: how will spending cut affect u.s.