>> here we go. what a mess, part 2. on syria, wait, on the united nations say the brits. president obama says he hasn't decided exactly what to do. good morning, everyone. word of the day, delay. in an interview on pbs, president obama talked about a shot across the bows, a limited targeted strike. the united nations rejects military action. congress wants to be consulted. the brits say, it's like iraq all over again. so, wait till the u.n. inspectors confirm a gas attack. delays. over here, no delay for a gas price hike, it's started already. oil still priced at $109 a barrel and stocks will open dead flat. what will be the impact of this? the economy expanded at an annual rate of 2 1/2% between april and june. that's better than first

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>> thursday morning, let's get right at it. the latest on syria. israeli intelligence has confirmed the assad regime is responsible for the alleged chemical weapons attack. the president still undecided. britain wants to wait for the united nations and france is balking again. again, the word is delay. the news out of syria, again, dominating the markets this morning. the price for a barrel of crude still at $109 per barrel. we're down 60 cents. as of right now, the stock market is going to open lower. we had a minor bounce yesterday because of oil stocks and today we're down 11 on the futures right now and falling. next hour, we're going to talk to ed hussein, senior fellow at the council on foreign relations and he's going to

give us the view from the arab street. what you might call the other side of the coin. there's a lot more going on and here is what is making headlines elsewhere today. look at this, the yosemite fire has quadrupled in size, prompting more evacuations to tourists and residents. governor brown has declared a state of emergency in california. fast food workers go on strike, 25 cities going to be affected across the country this morning. they are demanding a $15 an hour wage. have they all walked out? we're going to follow this for you. please take a look at this, it's america's largest ever rocket. it blasted off from california yesterday, overnight, i think. the delta 4 rocket, 23 stories high. the blast could be heard and felt for miles. it is a top secret mission. and don't know what it's all about. we told you to fill up your gas tank before goes is going up. we told you yesterday or the day before. we were right. we'll get a prediction from the gas buddy next.

how high is it going? also, the ceo of ford, alan mulally. i will guarantee he's smiling. he's here to talk about building the ford fusion in the united states. come on, alan. america loves that ford f-150, do doesn't it? that's the moneymaker. he's relentlessly upbeat. you'll see him.

♪ one piece at a time and wouldn't cost me a dime♪ ♪ you'll know it's me when i come through your town♪ >> that's a good one. [laughter] well, let's change the subject briefly. ford is building the fusion here in america. can they make money selling what they call a mid-sized car? hold on a second. ford's chief alan mulally is going to be here in just a couple of minutes. let's get back to ed butowsky. if we have a limited delayed strike in syria or no strike at all. do you think that stocks go straight back up and oil straight down? i'm not saying it's going to happen, but what if it did? >> it's obviously, you know, we don't know what's going to happen. i think if there's a strike we're going to see stock prices go down because oil prices go up. because any reaction is what we're concerned about. not so much the reaction from syria, but the reaction from iran and what they might do, so, i believe that that is

going to be a negative for stocks because oil prices will go up right away. stuart: any action, any military action on our part, negative for stocks, up goes oil. >> in the short run. yeah, in the short run, stuart. yes. stuart: thanks very much, ed. the opening bell is ringing, it's 9:30 almost precisely, here we go. what are we going to do today? the opening trend is down. we're off 6 points in the very early going. not much of a loss, i'm going to call it flat to slightly lower. i've got to tell you about this, there's a big telecom deal in the work, i've got to tell you about it. vodafone confirms it's in talks with verizon to sell its stake in their u.s. joint venture. i think they're talking about 100 billion dollars here. the two stocks, please, lauren? >> they're talking about 100 billion dollars. the two stocks are up sharply. vodafone is up 8 1/2% at a new high. and as they traded in london at a 12-year high and verizon is rocking as well at 2 bucks. stuart: that's a bright spot

and receipt right now i'm looking at the dow at the 14-7 level. i've got to tell everybody about a weak-- clothing retailers, we've talked a lot about them in the past couple of weeks and i've got a different story today. guess, that company posted solid profits, improving sales. they must love the jeans they sell. what's this, up 13%, is that right, lauren, are you still there? 13%, ouch. okay. good news. should you get $15 an hour for flipping burgers? thousands of fast food workers think so and they're walking off the job today in protest. so, lauren, come back in. any reaction? i don't expect a reaction to fast food stocks. >> very small. wendy's is flat, as is yum! brands which owns taco bell and k.f.c., but a nice half a percent move for mcdonald's. i went by one of the strikes coming down to the new york stock exchange today, it's chaotic, organized by fast food

forward and they want 15 bucks an hour. essentially about $31,000 a year, which is above the federal-- the poverty line here in the u.s. stuart: we're going to be covering this all day long. i want to check out how many people actually take part in this walkout or this strike. and charles payne is going to be with us at the top of the hour. charles has strong opinions on $15 an hour in the fast food business. let's go from the stocks to the economy and the dow parred its gains. can you call this growth, solid growth, 2 1/2% growth rate for the economy in the second quarter of this year. ed butowsky is with us. do you still say the middle class is getting squeezed when you've got 2 1/2% growth. >> oh, without question. we all know that the middle class is falling behind. you can just look at the numbers and read them on every headline, it's true. the reason they're falling behind is that the majority of that i remember their income, a generalization, is tied to the cpi which doesn't represent

the cost increase. they're getting 2 or 3% increases in salaries, but costs are going up 10% per year, depending on the city you live in. everyone has a threshold of pain, stuart, when they reach it they reach out to the government or a friend, somehow looking for a life line to help them make ends meet and right now reaching out to the government and the government is handing it to them. stuart: is this what we can expect. 2 1/2% growth for the rest of year, on and on through the new normal? that's your prediction? >> stuart, i think it goes lower than that. those numbers are bumped up because of low interest rates. if you study the numbers, you know, real intensely, you're going to find out it's closer to 1, 1 1/2% after revisions. stuart: and which means that ben keeps printing, we're not discussing that now. i've been saying for days, get out there and fill up your tank. and a gain of 2 cents

overnight. here is patrick doohan from gasbuddy.com. i've said that gas prices are going up nationally over this long labor day holiday weekend, what do you say. >> you're right, we've given you good advice and you're starting to figure it out. motorists hitting the roads will see higher prices as we approach labor day. it's not because of the holiday. a lot of americans are saying hey, it's labor day, prices are going up. but look overseas, thanks to syria prices are going up. stuart: how hi is high? we're up 2 cents overnight. can we expect a spike this weekend? >> i certainly don't forsee a significant spike. this is not libya, like we saw 20 cents a gallon over the course of a few days, this is not that bad. what we'll see may take a week or two, may be 5, 10 cents, maybe 15 cents a gallon in some markets, i don't see oil prices shooting a whole lot higher.

now, there is a possibility should the situation worsen that americans feel more of a pinch, but by and large i think that prices continue to remain under a year ago levels. this is not so significant. thanks, for the fact that it's coming at the end of the driving season. stuart: is there one part of the country which could be susceptible to a significant jump in gas prices? >> i think that everybody is pretty equal in terms of chances of a big jump. there's not anybody that stand out. california is probably not the area to expect the big jump. inventories are very healthy. so finally good news for west coast motoristists in that regard. maybe in the northeast they feel more of a pinch. the great lakes already saw prices jump, it's an equal chance around the country. stuart: gasbuddy.com. i guarantee your business does well this weekend. absolutely guarantee it. patrick doohan, thanks for being with us as usual, appreciate it. ford motor company kicking off

production of the fusion mid sized sedan at flatrock plant in michigan. it's the first time that the fusion will be built here in the u.s. joining us from the plant, ford's chairman and ceo, always got a smile on his face. the relentlessly upbeat alan mulally. welcome back. >> stuart, good to see you. stuart: all right. the fusion. >> we have a lot to smile about, stuart. stuart: you always have a lot to smile about. and the fusion, your people say that this is a mid-size sedan. it looks awfully small to me. can you pack five big americans into a fusion? really? >> absolutely. and to your point, with ford now, you have the fiesta, the focus, and then the fusion, and then the taurus, probably the finest car lineup of any auto manufacturer in the united states today. every size you want you can get now from ford. stuart: do you think that this is going to give you a leg up

in the all important california market? do you think you can beat toyota in california with this lineup? >> well, clearly, stuart, the consumers will decide, but i'll tell you, they love the fusion, and they don't, not only like the fusion base model with gas, but also the eco boost version which has direct fuel injection and turbocharging and more fuel efficiency and they also like the hybrid and the highest growth area is now in california. it's a tremendous development to serve our customers there. >> what kind of gas mileage can i look at in what you call this mid-size sedan, the fusion? >> well, on the gas version starts around 28. you can get more economical engines that go up to 37 and of course, with the hybrid version of the fusion, you can get 47 miles per gallon combined. stuart: you're building it now in the united states. is that a statement. >> yes. stuart: that you've got your costs under control in america, it's not running away from you,

you've got your costs to under control to such a degree, you can make money on the fusion, can you? >> absolutely, stuart. and stuart, i just -- it's an important day for all of us, because we made a commitment to all the stake holders of ford seven years ago, and you covered it right from day one, that if we could have a competitive cost structure and also have competitive vehicles and quality and efficiency, that our commitment was we were going to make cars in the united states to compete with the best in the world. all the actions we've taken in the last seven years and resizing of ford to match production to the real demand. we're announcing a fusion made in the united states competing with the best in the world. stuart: okay, would you agree with the following statement: the bread and butter of the ford motor company is still the ford f-150? right? >> well, the f-150 is a fantastic vehicle and it's a tremendous contributor to ford's success. it has been, stuart, as you

know, for nearly 37 years the number one vehicle in the united states. and also, the f-series is the number three vehicle in the world. worldwide. but, really, with ford today the transformation, if you want a small, medium or a large vehicle, a car, utility or truck, you can get a best in class a fiesta up through the f-series in ford. stuart: you know, i think that the investors are liking what you're saying, because your stock is now up 1 1/2% and well above 16 cents a share right now. alan mulally, always a pleasure, we love that smile. thank you for joining us. >> stuart, it's great for ford and great for america. stuart: thank you. dow jones industrial average up 13 points. we started out to the down side, not by much, but we're up 12 now, i'm going to call it pretty much dead flat. you listen to charles payne at all, then you're making real money on the stocks that he recommends, especially lumber

liquidators, we've got the ceo of that company in our next hour. you know, he really is a true american success story. you just wait till you hear it. the dow jones industrial average is now up 8 points. okay? i want to go for a full he can ch-- check of the market. the word of the day is delay on syria and we're now at 109 for crude oil. the dow is up. delay is affecting the markets, but not by much. the nfl making a deal with google to put games on youtube. you're going to hear from someone who says this marks the beginning of the end for cable tv. say it ain't so. ♪ (announcer) scottrade knows our clients trade

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and with double miles you can actuay use, you never miss the fun. beard growing contest and go! ♪ win! what's in your wallet? >> flat to slightly higher. the dow is up 18 this thursday morning. the price of oil is down, but still at $109 a barrel. the price of gold is still above $1400 an ounce, but only just. it's down 10 thus far this morning. check gamestop, a little bounce back after yesterday's big drop. remember we put this on death watch a couple of months ago, it's up almost 60% since we did that. right now it's at $50 a share. would you watch the super bowl on your cell phone or via youtube? well, we've had a debate whether or not on-line streaming is going to take over. our next guest says, yes, it will. of course, he should because he's part of the deal.

martin is the ceo and co-founder of flowcast and he joins me now. this is what you do, isn't it? you put events on my smart phone and you think i'm going to watch the smart phone and not cable tv. this is what you do, isn't it? >> yes, absolutely. we're very excited about serving people's passionate interests outside of the big four sports and putting the sports that they're truly passionate about and participation rates are rising in on the internet and starting to compete with the type of production quality that's on tv. stuart: now, if i, say, watch espn on my smart phone i've got to pay for that. i don't know how much, but i've got to pay, it's not like i'm getting it free. right? >> absolutely, you're paying for a bundled cable package when you watch espn on your smart phone. not only do you have to pay for espn, you have to pay for a slew of other channels that you subscribe to via cable.

stuart: are you going to put something on my smart phone, flowcast and make it available to me for free? >> no, we're also going to have a subscription model, but here is the point, stuart, we're only going to make you pay for what you love and are passionate about. so when you're watching events that we do live, you subscribe to our service and watch the sports you're passionate about specifically and only pay for those sports. stuart: supposing, i with a nt to watch the big four sports on my smart phone and come to you, flowcast, how much are you going to charge me? >> the big four sports, no we don't, we do the underserved sports that have participation rates that are growing. stuart: do you do soccer? >> no, we-- currently we're on wrestling, gymnastics, track and field and cycling. stuart: if i come to you for all four of those sports, i want you to provide that on my smart phone, how much do you charge me? >> we charge you $20 a month or

$150 a year. and at 12.50 a month. stuart: you think that this is going to put me-- i'm in cable television and been there all my life. you're going to put me out of business? >> stuart, the idea that cable television is bundled the way it is. you don't purchase anything like cable television. imagine you went to the supermarket, and you're going to get all these groceries you don't want and pay for it. we don't purchase things like that. what i see in terms of google bringing the nfl on the internet is really just legitimizing the experience of watching live events off of table tv. stuart: i think that's the point, martin. i think that's it. watch anything anytime, i think that's the point. martin, we appreciate it, flowcast.

>> thanks, stuart. stuart: wouldn't you love to watch something that has nothing to do with politics, race is never mentioned, debt not part of the deal? i love it, i found it. my take on it is next. [ male announcer] surprise -- you're having triplets.

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>> look at apple. shares can't seem to hold 500. the tech blog called 9 to 5, says that apple is trading retail to handle trade-ins. how much would you get for your old iphone, not sure, apple is at 494. guess is the big winner, kids love their jeans apparently. the gain of 12%, look at that. look who is leading the new york city mayoral race. new polls show it could be a tax the rich, bash the banks and reverse charter schools kind of guy. we've got the full review of that at 10:00 and also a guy who runs a burrito chain joins us. would he pay his employees $15 an hour to work the register? we will ask him. i've been glued to the u.s. open. okay. call it escapism, if you wish. if you're in the news business, you need an escape.

i certainly found it in two matches i watched tuesday and wednesday nights. here is my take on victoria duval and venus williams. tuesday night, 17-year-old ms. duval took on an australian star who had won the singles championship two years ago. the crowd was rooting for the young upstart. her dad was in the crowd, from haiti, and miraculously pulled from the rubble. the young victoria had a smile and grit. the game went back and forth and gripping and lo and behold, victoria duval won. the crowd went wile. she's a star with an american accent. last night an established star, venus williams, took on the player from china. what a match. venus lost the first set, won the second, and the third went to a tie breaker after both players lost their serve several times. you could not tell who had the upper hand until the last 60

seconds, zheng won, but venus was smiles and good grace. 33 years old, out quickly from the u.s. open, but a lot of class in defeat. it was great stuff both nights. not a hint of politics. victoria duval and venus williams are both black, utterly irrelevant. these games were pure sport, terrific entertainment. the way it ought to be. and yet, pure escapism. i'll be glued again tonight. [ male announcer ] these days, a small business can save by sharing.

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stuart: no action yet on syria this thursday morning. as of now, delay is the word to use. here's what we have for you right now. the other side of the debate. conspiracy theories. representative wants a vote in congress for the president acts. he is a california republican and he is here. if you run a fast food restaurant would you pay $15 per hour? we will ask a chain operator. talk about risk. hard work and drive paying off? here we go. ♪ with syria looming, here's where the market stands. i am using the word "delay" 90 action so far in syria.

dow jones industrial average up 32 points. the price of oil down $0.77 per barrel. the price of gasoline regular nationwide average $3.56 up $0.02 overnight.h says a minor spike may be coming. the latest read on the 30-year fixed-rate mortgages from freddie mac. 4.51%. there is little change from last week. president obama, britain, france, to some degree balking on attacking syria. senior fellow at the council on foreign relations. welcome to the program, i want you to give the other side of the coin. we hear a lot about why we should attack, when we're going to attack, what is the view from the arab street? >> the arab street has traffic going into directions.

we have the gulf countries who want the united states to have attacked two years ago. stuart: is that group of countries so want us to attack now? speak of the leaders will say yes, some of the population will say yes, but the arab league yesterday said they do not want the united states to attack syria. the other side of the traffic flow, which is more interesting is countries like egypt and iran, both u.s. allies, both believe syria is being framed. asad did not use chemical weapons. asad is not losing the war, why would he use chemical weapons on an area he controls, is this u.s. trying to frame syria for weapons of mass destruction in the way the u.s. framed iraq hashta?anything in the middle es prone to huge amounts of conspiracy theories and the more

the united states government, white house, secretary kerry, joe biden, the higher the risk people say whatever the united states is saying is to support israel, western tendencies. there is all about in the mix. whatever we say is not how things are seen in the region. stuart: what is the feeling amongst muslims? one group has attacked another and killed them with poison gas. is there no repulsion here? >> most have been here before. this happened in 2007. yes, it's ironic, yes, it's hard to understand, but israel has done anything similar to what saddam hussein or asad in syria has done. there would be protests every day up and down the street, but

mostly broadly muslim violence, maybe 20% of the population globally. stuart: muslims killing muslims by the millions now guessing by the hundreds, no demonstration on the street, nothing happens. we can't understand that. >> it is human nature. when the irish killed the irish, it is a different response. stuart: it is israel, america, the wicked christians, the jews. speaker that is how the middle east acts. it is easy to blame the old crusaders. there is all kinds of machinery in the region that pumps that up it is a global conspiracy to hold arabs and muslims down in the world. anytime these events happen it feeds into this global conspiracy against america and against the u.s.

stuart: the president last night in an interview talked about a short and targeted attack. that is supposing he does exactly that. what happens? what is the reaction? >> the reaction is i suspect some level of protest the west is attacking another muslim country. the syrian president will survive it and appear on television the following morning define the leader of america. the arab league and others condemning it. they will attack with chemical weapons. stuart: you think israel and/or turkey could be using chemical weapons? >> we are seeing evidence gas mask this vision has quadrupled in israel. in turkey they are taking preparations including from

chemical weapons. we don't necessarily minimize the risk, the real significant concern is we might increase its it's because the more you remove conventional military convention is the defense systems. there's a real risk we are not paying attention to in the media hype to try and punish asad. i'm not sure if united states punishing is the best option. fueling those conspiracy theories against the united states. stuart: we wanted the other side of the coin, and we got it. we got verizon leading the s&p on news of a telecom deal, they are talking about it.

lauren: they are leading the dow. contributing 12 dow shares right now. vodafone also surging in london and the u.s. it seems like vodafone is waiting for the right price, upwards of $100 billion that is excellent news for vodafone shareholders. stuart: you really got my attention. extraordinary. that's numbers just comes right out at you. thank you very much indeed. in the news today thousanns of fast food workers are walking off their jobs nationwide. demanding higher wages, they want $15 per hour. if you'rif you are looking for s and fries, charles is very hot on this story. what is your point? charles: you are leading the lambs to slaughter. the people who organizes our union back, very left organization, the restaurant

organization is the main one. they have a loophole so it is called a working center where they can do things a regular union can't. all of the economic data shows if indeed these rates are somehow for some private enterprise, it would result in fewer jobs, not more jobs for people. less opportunity, not more opportunity. there are several states that have higher federal wages, and almost all of them have higher unemployment rates than the rest of the country. california 8.7%, connecticut 8.1%. illinois, 9.2%. these are places with significantly higher minimum wages. buit will not help the unemployment situation but it will help the unions. somehow state and federal and him him wages were raised, many union contracts automatically trigger an increase in union salaries automatically.

one of the main objectives they say is providing political and ideological support for unionization among immigrants and workers in the new sector of the economy. i had to tell you, this whole thing is so backwards. corporate profits belong to the public domain. their argument that one of the press releases that have talking about mcdonald's, the profits are up. take a look at yum's profits. the revenues are not up. it is growing in china, not america. even if the profits were up, that is what you go in business for. that is why people take the risk and work the hours. that is the goal of business. if we ever start to change that, a business owes an employee extra money without earning it, we will disorder the system.

they will get a lot of people out there, but they are leading the lambs to slaughter. stuart: cofounder of google separated from his wife of six years. i am sure that has no impact on the stock unless there is a huge divorce settlement in her favor. lauren: the stock is up 1%, but we are not sure that is because of news of the splits. apparently this comes from the "wall street journal" blog. he is in a romantic relationship with another google employee. just saying he sounds like a ladies man wit to me with a lotf money. stuart: thank you very much. we sit here in the middle of new york city, there is a mayoral race going on here. although you may live elsewhere in the country, i am sure you

do, you have to take a look at what is happening with this mayoral race because it could have some significance to you. the leader of the mayoral race on the democrat side has a commanding lead among the democrats. 36% of the votes. anthony weiner is down the chain at 8%. charles, this guy tax the rich, that is what he wants to do. beat up on wall street even more in my opinion the worst thing ever is he wants to roll back the progress made on charter schools, school choice in new york city. he may be the next mayor. charles: i think all the democrats are from the same hymn sheet. i do want to talk about how new york could become detroit, this would be the first giant step toward it. stuart: if i were voting, it would be christine quinn amazing

enough. at least she would keep charter schools going. charles: exactly. stuart: this guy built a company from the ground up. a real american success story. london liquidators. talking to ceo, tom sullivan. one of charles payne favorite picks. mr. sullivan is coming up. ♪

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stuart: first russia, now belgium. keeps racking up passports of the decided to leave because of that country's failed attempt to get a 75% tax rate on the rich. an honorary citizen of belgium. last year vladimir putin granted him russian nationality. is there anything else to add to this, charles? charles: i think the news speaks for itself. stuart: a couple years retailers in the news. both stock prices way up.

urban outfitters, that is a charles payne stock up as well. a stock buyback going on. charles: i went to supreme, a small store, california, new york, urban outfitters, they did not mess with it at all. an hour and a half weight in line, every person from 15-31 wants their close. -- clothes. they have 30% sales last quarter. that is just absolutely amazing. stuart: they throw me out. charles: me know me. i have dropped a lot of cash. stuart: ever get mad when you're out and you cannot get online? charles has a company trying to change that.

cannot get away from charles payne. charles: ubiquity. this country is revolutionary. relatively new company that has been up and down. they just reported record profits, earnings-per-share 42%. sales outstanding, cash 47 million out of 101 million revenue. they are setting records with their products, in huge demands. ultimately somebody has to take them over. it is worth chasing in my mind. stuart: it gives rise to the english word ubiquitous which means wherever. you can get online wherever with ubiquity. now if you're renovating your home, your shopping at lumbar

liquidators quite possibly. i wonder charles has been so hot on this particular stock. guess what, tom sullivan. the epitome of a self-made man. right from the get-go you will give me 30 seconds and how you got started and how you got so big. but you only have 30 seconds. >> i started as a contractor, started doing contracting, over the years i tried many other businesses. after 10 years of that i started buying lumber from a mill rather than a local lumber yard and found a place to store it. started seeing leftover lumber that was weathered, actually damaged it did not look that good, so started buying it and selling it and was a lot more fun then contracting so started doing that and kind of a hardwood flooring part of it and january 5 opened our first lumbar liquidators store and started specializing.

stuart: what our total revenues? >> we're public may also have to be careful what i say. last year i think we did about 800 million. over 300 stores right now in u.s. and canada. stuart: a man who is so successful, such an entrepreneur, a go-getter, such a wealthy man, why did you hold a fundraiser for barack obama in your own home? why did you do it? >> personally i like him, i don't see whatever briel says it is such bad for business. stuart: you think it is okay to hand over more than half of their income to state and federal income taxes? you think that is okay? >> no. i think it should be a flat tax to start with personally.

stuart: did you suggest that to president obama? >> i was involved with another business. stuart: the are sort of a crony capitalist. >> i was presenting him with hydrogen, he supports renewable fuel. stuart: were you asking for a subsidy? >> no, we can do it without any government help. we would like tax incentives to build hydrogen stations and in general even as a country we need to be looking at alternative fuels even if it is something i am not involved in. as a country. stuart: a proven track record with lumber and now you are thinking alternate fuel, hydrogen. that is important to our viewers. out of your established box moving it to another box. that is important.

>> i bought a company part of electioelectric hydrogen. stuart: you are worth a billion dollars now, aren't you? >> not me personally. i am more libertarian. stuart: what on earth are you doing entertaining the president who is all government all the time? >> he gets a bad rap, especially here. stuart: "especially here," what? are you glad you came on the show? will you ever come back? >> of course. stuart: thank you very much. should president obama be allowed to attack syria without congressional approval? california republican, we found one, california republican. so don't do it, he is after

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stuart: i still had to say it is a go nowhere market. the syria invasion was being talked about. of 32 points, some of that is

oil companies as it has been in the past. would you pay $15 for a spatula? apparently not. weaker sales the second half, the stock is down almost 2%. possible delay in attacking syria? that is driving down the price of oil today. sandra smith at the cme. have i got it right, sandra? that is why oil is down. sandra: the word down here is there are doubts this tripe we can happen and even if it does happen, you are seeing those fears come out of the price of oil, now back to $110 per barrel, gold prices down for $10 around $1400, but it is not all syria, better-than-expected news on the u.s. economy that has some speculations on the trading floor maybe the fed will start

to exit the bond buying program. better news on the economy and the respect which the dollar is up, commodity goes down. stuart: you have to bring ben bernanke into the picture showing 2.5% growth. is that strong enough for him to continue printing? it is a constant debate. i'm sure you're in the middle of it as ever. sandra: will do. stuart: let's bring in the congressmen, a republican from california. he says they give sole prerogative to congress to declare war. anything else would be unconstitutional. welcome to the program. >> thank you for having me. stuart: are you demanding a vote in congress before the president is any military action? >> absolutely.

james madison, the father of the constitution said its most important feature was reserving the question of war or peace. stuart: in the past, they have taken military action without consulting a vote in congress. why should president obama be any different? spiegel gives the president very limited authority to retaliate against an attack or repel an attack. specific wording is an attack among american armed forces, or possessions. there has been no such condition that this is solely the probative of the representatives of all the people to make the decision before launching a war and as you know they have a very nasty tendency of taking all sorts of unforeseen directions once they have begun. the first world war began with events that rapidly escalated,

the middle east is a tinderbox, throwing imagined that tinderbox and walking away is utterly irresponsible. the syrian government, has blah, the rebels aligned with al qaeda, this is one the united states have to stay out of the >. stuart: if there was a vote, you would say no. you say don't do it, correct? >> correct. stuart: how much support is there for that view? >> i don't know because congress has not been called back in order to makex#t that decisionf the sole prerogative. i suspect watching the debate unfold in britain, you will see a similar dynamic in america. stuart: what about amongst the democrats? it is guesswork on your part but do you think that party is split? >> yes, i do.

there is broad bipartisan skiba some of starting a war with syria given the conditions in the middle east and there are no good actors. we are acting as al qaeda's air force. stuart: talk about a short and targeted attack. he would not go over any of that? >> once you have launched an attack against the government were at war with that government and the allies and you have no control over events at that point. all the military planning in the world is good until the first shot is fired. america has no strategic interest in attacking syria. you can set off a chain of events that could be absolutely devastating. the first recipients of a retell it for strike by syria and its allies they will be israel and

you can see how rapidly it could escalate. the president has talked himself into a rhetorical box, he is now trying to save face and doing so in an utterly irresponsible manner. stuart: thank you for joining us. i wish the time to deal with the issue of gassing men, women and children. i am sorry we are out of time but we really appreciate you coming on the show today. come back soon. we appreciate it. fast food workers in the picket lines asking for higher wages. we will talk to the ceo of what some are calling the best fast food chain to work for. when he pay somebody $15 per hour to work a register? we will ask him the end

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an apple wants to cash in on a trade deal their customers and going elsewhere. you could trade in your iphone on amazon, apple wants to offer another trading deal if you go to one of these apples wars.

they help customers cover the cost of the new iphone which will be the release of the new iphone 5s coming upfall. interesting from apple but the stock is below $500 a share. after this winter and the new york exchange, kids are scooping up their genes, stock is up 11%, profits up too. power is this for minimum-wage? one boston-based burr read a chain pays its entry-level workers up to $10 an hour. that change at ceo says he feels he should pay them even more. co-ceo of the company joins us now. is boloco? >> yes. stuart: strike of our cross fast-food chains across the country today. they want $15 an hour. why don't you pay your the workers $15 an hour?

>> we have a number of people in the company to make over $15 an hour. stuart: not people who work the cash register. why do you pay them $15? >> the industry we are in has traditionally made its money by controlling costs. you are always building sales but controlling food costs and one of the biggest cost is labor costs and one way to keep labor costs down is by keeping wages down and is a lot easier to keep wages down than it is to find better practices, boulder practices, more efficient practices that come through training. the default response to how do we keep labor costs down which is where your probabilities is to keep wages down. stuart: you don't approve of the government dictating $15 an hour or any of the minimum-wage? you don't want to dictate from government? >> i don't really care about the government. we have to work beyond the

government, we have to work for the betterment of our people and our business and our shareholders and it comes down to what is the right thing for growing the business and really for having a sense of fulfillment the we are doing the right thing so we look back in 10 or 20 years we know we were part of the few businesses today but it will grow that did the right thing for its people and in the process built great profitable responsible businesses by helping people as opposed to doing everything possible to keep wages down, we're constantly looking for practices and ways to bring wages up. stuart: so your secret is productivity. at a cash register they are taught how to do more in the time available land that is how you pay them a starting wage of $9.50 an hour. >> we start between $9 and $11 and is $9.50 now. should be $10 at this point.

the one thing -- the caveat is you have some part-time workers who are college students and their not in this livable wage category. but it is not just about productivity. it is about connecting with guests and your customers and building in loyalty that drives people back and that alongside productivity is what builds sales and profitability and in that case you could pay people a lot more than we do. stuart: but you have a lot higher price structure. is higher than mcdonald's or wendy's, a traditional superfast she'd food. you are more upscale. your average check prices significantly above mcdonald's. therefore -- >> $7.50. stuart: you can afford to pay your counter people more money than $7.25 minimum. >> one could say that but the

reason our prices are as they are is primarily driven by the quality of the ingredients we use and the responsibility of the ingredients. let me give you one thing we think about all the time which is we use the highest quality ingredients available, responsibly raised meat, organics, and we are willing to pay more for that and the humane treatment of animals. when we increase our prices because of that generally speaking the customers have said we will pay. what about the people? what about high-quality people? what about paying for people to come in and have high quality lives what we want the callous and happy lives? how does that work? we are trying to work that into the balance. stuart: we hear you. $9.50 to start with. >> much higher going forward. up to $17 today in a number of cases. stuart: thanks for joining us. the dow is up 58 points, worth

noting. little bit of a breakout, 60 points higher, $14.83. vice president joe biden said he would impeach president bush if he attacked iran without congressional approval. president obama might say the same thing with syria, might do the same thing with syria, john stossel ways in next. >> one thing is clear. if he went to war in iran without congressional approval, i will make it my business to impeach him. [ male announcer ] these days, a small business can save by sharing.

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♪ stuart: new numbers showing the economy expanded at an annual rate of 2.5% between april and june, better than first reported, still not good enough. the latest read on jobless claims, 331,000 people filed first-time benefit claims last week, claims have remained at a five year low since late july. google's founder reported separated from his wife of six years, not legally but they are living apart for some time, have two children together, remain friends we peer, reportedly will not have any effect on the company. stock brings -- absolutely. next, remember when vice

president biden threatened to impeach george bush of the attack iran without congressional approval? president obama may be about to do the same thing with syria. to make their money do more. (ann) to help me plan my next to make thmove,oney do more. take scottrade's free, in-branch seminars... plus, their live webinars. i use daily market commentary to improve my strategy. and my local scottrade office guides my learning every step of the way. because they know i don't trade like everybody. i trade like me. i'm with scottrade. nnouncer) scottrade... ranked "highest in customer loyalty for brokerage and investment companies." all your imptant legal matters in just minutes. protect youramily... and launch your dreams. at legalzoom.com we put the law on your side.

stuart: campbell's soup, fourth quarter loss, it is the big loser, got to tell me how big a loser it is. diane: the big loser in the s&p 500, stock is down 2.8% out with quarter been numbers last night, profits better than expected, revenue of $1.82 million mixed,

the issue here and campbell's soup has been buying a lot of companies, u.s. soup sales so weak for so many quarters in a row they are expanding some organic cookies and they did sell european units and a charge related to that sale is another reason stocks fell. stuart: thanks very much. just take a look at the dow industrials, something of a minor league break out in the last few minutes, a 74 points, close to 49 again. maybe this is a reaction to the what looks like delaying, no immediate action in the sea area situation. maybe that is why the dow is at 14-9 and why oil has dropped down $109 a barrel. syria still dominates the market. i don't have time for change. then, senator biden called for the impeachment of president bush's peer attacked iran without congressional approval. now president obama might be doing the same with syria.

we spoke to a congressman earlier in the hour to said the president cannot act without permission from congress. john stossel is here to weigh in on that. do you think the president needs a vote in congress before he uses military force in syria? john: we haven't had a clear approval since world war ii for and the war, korea, vietnam, grenada, panama, bosnia, afghanistan, iraq again, libya, no clear declaration of war polk a constitution suggests it doesn't actually use the phrase declaration of war and the president says i have constitutional authority to conduct foreign relations as commander-in-chief, so if they overreach whatever they want. stuart: you are a libertarian. do you think we should have these foreign entanglements? john: i would say libertarians are split on this so most say we should have far fewer.

we can't afford it and we make new enemies by trying to police the world and once we go when we almost never get out. we have 50,000 soldiers in germany, 30,000 in japan, i thought those wars were over but we don't leave. stuart: what about polk moral question? almost said saddam hussein. assad looks like he has gassed his own men, women and children. that is a horrific event. do we have a moral responsibility to punish him for that? or would you still say stay out? john: would still say stay out. i want to punish him, he infuriates me, i want to kill him personally but horrible things, rwanda happened, all over the world and we, by trying to stop the make more people hate us, put ourselves in more danger. what is obama going to do? let's say he misses assad, what

does that accomplish with billions of dollars in missiles? let's say he kills them? is a new group going to be better? they may very well be worse. it is arrogant to assume just by acting week and do something and all these democrats who used to be running a limited military are all gung-ho we are going to solve the world's problems. stuart: got to support your own party. john: we can fix everything. we can fix health care, we can cure poverty, we are the government. stuart: we are only here to help you. john stossel, excellent stuff. your show tonight is on what? john: detroit. happened in detroit. will happen to you? john: in new york. stuart: thanks very much. walmart, a big importer, put china's economy on the map back

in the 80s and 90s. now walmart will make more products in america and sell them. that is next. [ male announcer ] how do you get your boce?

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stuart: walmart is a huge importer from china, now is going to sound more made in america products. liz macdonald is here.

is this a new policy? liz: this is a big push by walmart under attack by the labor movement and a lot of their workers have been found to be on welfare so the push is getting more american made products in their stores and that will create jobs for the united states. that sustained pushes a big pr push for walmarth governors and executives and manufacturers in the u.s.. stuart: price is their big deal. can they get something made america cheaper than if it were made in china? liz: that with the problem in the 90s. fifty billion dollars is what they want to buy, walmart wants to buy $50 billion of american goods over the next ten years and what i want to know, walmart needs to clear this up, all of groceries in their store, all of american grown groceries so what part of that is actually grows trees and not gadgets or home furnishings? stuart: $50 billion more over a decade.

liz: fraction of sales. stuart: the white house has confirmed it has not looked closely at janet yellen when it comes to a different candidate to succeed ben bernanke as chairman of the fed. not taking a close look at her implies to me that larry summers do they have taken a close look at, he is the guy. liz: the thing is monetary policy is set by a small fraction of 20,000 or so people at the federal reserve. what do want in terms of fed chairman? someone with firefighting skills, larry summers has been in the forefront of things like the mexican debt crisis, the asian debt crisis, the russian debt crisis. is that what they want or do they want somebody who is a great prognosticator? janet yellen called the housing bubble, sub prime derivatives were a problem and inflation would not be a problem. we don't know where larry summers comes down on the money printing that is going on.

stuart: i thought janet yellen was a shoe in. you see now, academic, berkeley, she will print more money. i thought she was the shoe in on those counts but apparently not. liz: she would be the first -- they all rich. liz: she makes fifty million, assets fifteen million -- disclosures in the range -- ben bernanke is a million or so and gets most of his money from textbooks. most of those fed governors are millionaires according to the fed disclosure documents and she is in there with her husband with a sweet pile. stuart: thanks very much. we will continue this extravaganza in one minute. 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.

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before you know it, the definition of "rich" in new york will be have to lowered to $35,000. they have already been leaving in droves. keep it coming, please. i am appalled at this mayoral race in new york. they all wants to tax the rich, beat up on wall street and! andbill de blasio must reverse all the progress new york has made on charter schools. liz: bill de blasio would be a disaster as mayor. he would be one of the worst mayors be ever have had in new york city at a time we need a mayor to maintain economic growth of this city. taxes have gone up, new york is a tax hell according too many. up there with cities in california.

stuart: christine quinn at 21%. he is 15% ahead of christine quinn. christine quinn is the only candidate that would maintain school choice, charter schools. the only one and she is losing badly. bill de blasio would reverse all the progress. >liz: the fact remains the population role, and they have studied this seriously see the roles of the upper bracket leave since the early 80s and those are the ones who create jobs. christine quinn wants to create jobs with small businesses. charter schools taking empty buildings getting kids in the bronx and harlem and the buildings to get bonuses. teachers actually like it. my niece is a teacher of a charter school in new york city. stuart: tell her to vote in this election, please.

connell, it is yours. connell: thank you very much. things are wrapping up overseas with the u.s. sending a fifth destroyer to the mediterranean. after russia said it was sending ships to the region. we will retaliate, that is what is coming in from the syrian government today, the regime and allies, namely iran, as they wait to see what the u.s. will do. the german leader angela merkel pushing vladimir putin to get on board with international response to syria. he would say this is the moment for leaders. where are they? neil cavuto will step in to talk about it later this hour. and raising the global economy. the overall growth in these countries now matching that of the world's economic powers. money well spent, or maybe not.