do not sign up. we'll be watching that. think you for joining us. have a great night we will see you back here tomorrow. >> good evening. thank you for being with us a second straight day of triple digit gains on wall street. it becomes increasingly clear that vladimir putin proposal have stymied president obama is plans to attack syria. up 120 points on the day, dow jones industrial average 270 points higher over the last two sessions. as a vehicle points the nasdaq was up 21 both posted the sixth consecutive winning session. today reaching when i did $50 billion a great day as

the nation awaits the president's address that is now two hours away for obama to lay on how he plans to proceed on syria fox news has confirmed moments ago that the president will call for a delay in the congressional vote to authorize military strikes against syria. also, one of the nation's largest unions paving the way for the non dues paying members. the afl-cio doing well richard trumka calls a crisis of membership that is really a crisis of declining membership adopting a resolution that allows anyone, anyone to join the ranks and not pay dues raising concerns among current members that the group abandoned the primary mission of worker representation to become nothing more than a political piece for the

left. and elections taking place tonight that to give us a sense of what direction the nation is moving or what mood new york city and colorado are in. in new york elections could spell the end for a anthony wiener or in the spitzer or find out they are in a forgiving mood. a whiff of colorado recall election for those that supported tough gun-control law following the tragedy aurora colorado and newtown connecticut. tonight we begin with the president's eager the address to the nation. obama since the decision to attack syria to congress but now he wants to try diplomacy one more time after rush-hour brokered the ad hoc deal with syria but the year-old the vladimir putin has said must include united states removal of the

threat of military strikes. the obama administration already taking credit for a deal that has not been agreed to. here is secretary of state kerry earlier today. >> is the credible threat of force that has been on the table that for the first time brought this regime to even a college that they have a chemical weapons arsenal. it is the threat to this force, and our determination to hold them accountable that has motivated others to even talk about their real incredible international action to have an impact. >> despite those opportunities the president is still crafting his speech how to eliminate the threat in syria. so far it has been an utter failure according to a new fox pulls 60 percent of

americans disapprove of the president's handling of the situation in syria. head henri has our report. >> with obama back into a corner he is in desperate need of the escape hatch so officials tell fox with the speech to the nation the president will call for a diplomatic ties to the votes whether to authorize military force. he will lay out a to attract process where that will still be held over the head of voskhod although giving the character sending the secretary of state to geneva to see if up we inflicted by five amir putin king aside choose to turn over his weapons my work. >> a lot of people say nothing focuses the mind like the prospect of a hanging.

>> only one day earlier he downplayed the ed debt -- an idea you never turn over the weapons. >> it cannot be done obviously. >> but today there are trying to claim a victory for the president before any deal was sealed. >> what they have done is give the president a victory >> critics charge the administration to be played by putin just days after another meeting with the obama of. heidi went so far to tell msnbc we are trusting assad and we're testing the russians. now apparently assad does point to handover the chemical weapons and will sign a the convention while russia initially called for the urgent security council meeting this afternoon they pulled back raising

questions of tony putin strings things along for those that have noted it will take a monumental effort to take control of assad weapon in the middle of a civil war. >> if those you just read the press release are really a press release they said we don't want chemical weapons with our allies, assad we're fooling ourselves for officials say this is the line the president borrowed from ronald reagan. >> we will not just trust but verify. >> but those chemical weapons in evacuation can only begin if obama takes that action off the table and senator john mccain had the one word response, unacceptable. a sign this could be another wrinkle in a potential deal. lou: for more on the

diplomatic colleague of his upcoming speech we have fox news contributor stephen hays and 1 billion. -- juan williams. something that i had never heard of before was he wants a delay to find out what's in the world will occur. >> i agree. i don't understand is the applause. of course, everybody wants to avoid military action if possible but how does this punish assad for using chemical weapons? that is why rears year. but the russians in and assad put themselves into position with no consequence i dunno if he intended to use them again but if obama is to be believed there should have been a terrible conflict -- consequence for

the use of chemical weapons. now it is off the table do we trust of the russians to get it? putin? come on. everybody thinks it is a good idea but we need to protect a vital american interest to say the united states remains a big player in the middle east and we will take action. lou: to the point of punishment punishing syria does not seem to be directly in the interest but what has been levied so far is the suspense has created for when he will be attacked. is now the question he will be? what is your take on what has transpired? >> to think there is even in the possibility of any punishment you have to believe syria will comply with the demand to turn over its chemical weapons.

none of the details had even been contemplated and he'll have to ignore the fact that the policy that the white house has articulated for the better part of one year that aside -- assad moscow it is now that assad can stay. will the president continued to push for assad? at least now what people describe as the opposition? exactly where this policy go there is no contemplation of regime change powell is that not a strong victory? in one last point, the climb down on the threats came one day after teeeighteen went on to the television network

to make it direct threats of repercussions in retaliation by terrorist and then the united states climbs down. people are not talking about in that way as a response but i guarantee people will read it that way. lou: one of the confounding absurdities or the overarching peculiarity and disconnect is a president who is ready to go to work to attack a sovereign nation , 1300 syrians of chemical weapons of the gas specifically but not acknowledging the 100,000 by conventional means there is hypocrisy and inconsistency was no intellectual architecture to this president's policy or his values whatsoever. >> i disagree i think it has

been modeled in no way has a ben a good performance but it borders on incoherent but what i would take out is that the president does not want to get involved with the us civil war and he in fighting iraq and afghanistan ghost he said he would go the go to make it very clear don't use chemical weapons. i agree with that point, but that is not in the national conversation. >> looking at the breaking of those issues as contributing to their region to oppose a strike still

have enough information, you need united nations support support, and that of our business, we don't need another war. it seems to be superior to which of her other senator the president is aligned with on the subject of the moment. why is it so difficult for this president to be quiet and not issue ultimatums he will not enforce or proceed more cleverly? >> that the american people don't support any intervention because the president has not made a case he largely ignored the broader war it has not spoken much of the one digit thousand + death in syria that has taken place over the two-year period. he has not been talking about this hardly at all than did its -- bits with

his 14 other uses a chemical weapons now all of a sudden turns on this attack to change his argument so it becomes crucial for the united states to intervene. this dramatic change that has americans scratching their head why did we hear about this before in why is it so important to now? >>. >> but now we have evidence of chemical weapons before it was questioned. >> totally not true. i was on the white house called in mid june date read out the confirmation of the use of chemical weapons by the assad regime the president's response at that time was to talk about

sending the national security adviser. it was confirmed. lou: with any administration uses the expression incontrovertible evidence regarding these weapons and it is challenged european intelligence and questions about that, i tend to be skeptical as difficult as it is to obtain evidence did at least what has been put forward so far. tonight we will hear from the president on this subject we hardly understand in terms of the president's policies or his soft outcome what could he possibly say? >> first, he still has the authority to unilaterally strike.

second, one of the people that has concocted this diplomatic peaceful solution to declaim -- to claim some sort of victory that he will say there is a vital interest at stake. i know that you disagree but you have to make the case over the international concern over the spread specifically by means of chemical weaponry senate there is no victory because there is not one. this could have a short-term political benefit because he escaped the bobby created by a long-term they will be disastrous. second and a think the president did say it was incredible threat of force with the threat was never entirely credible. the advisers said they would not strike without the

approval of congress did it is obvious they would not approve john kerry called the unbelievably small strike. i don't think that has assad or the iranians shaking in their boots. lou: make judgments on their speeches not on their speeches but their actions? that seems like a long time ago. much more on the possible shift of diplomacy throughout the broadcast in the role of graciousness or a panacea to all of this as we continue. >> apple takes the stage to introduce two new iphones. low-cost the and fancy but investors? we will tell you about that in a moment.

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lou: on wall street stocks finished higher, more than 60% of companies traded on the new york exchanges and nasdaq posted gains for all sectors moving higher. volume picking up at 3.6 billion shares and big changes coming to the dow jones industrial average. bank of america, alcoa, hewlett-pack ard will all be dropped because the stock prices are too low a and to replace them companies like goldman sachs, nike in be said the change goes into the start of trading the 23rd of september. after months of speculation the first darts with $99 with a plastic cover income

is the latest version of the seven operating system and the other comes in gold lacquer sober and has a faster processing chip fingerprint id and improved camera and both models are in stores next friday apple stock is down 2% how is that for a reception? just over an hour-and-a-half before the polls close in new york the lead bidder not anthony weeder could not vote for himself because his signature was not in the book and then he was allowed to cast a vote for himself but regardless it shows him languishing in fourth place in he is not expected to win. a sense of redemption in new

york or not will be further tested by eliot spitzer that is more of question mark although the latest poll shows him trailing by only seven points. in colorado voters are deciding the votes of state senators recall election a national referendum with a gun control laws. they helped to push through controversial new restrictive gun laws last year. will sides of the debate expects results to be close and purple states will be watching to see how far they can push the gun policy without facing a significant backlash. desperate times for the afl-cio the largest union, the labor federation says it will open its membership to nonunion workers because it has so much trouble recruiting new members. union membership nationwide is down to just 11-point 3%

of the work force the lowest in this century in over a decade over 1.5 million workers have left the 12 million-member with sagging membership numbers show the influence but you do have to wonder what all those paid members will think of those who don't have to pay dues. , when year after the may gauzy terrorist attack nobody has been arrestedd3 prosecuted or captured or killed. we will show you how all of major players in the stone wall how it has done. no two people have the same financial goals. pnc investments works with you to understand yours

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lou: it's the eve of the one year anniversary of benghazi terrorist attack, when we should be honoring the 4 americans we lost that day. but over at the national constitution center in philadelphia, former florida governor jeb bush, at this very moment is honoring former secretary of state hillary clinton. the one who said, what difference does it make, when

asked what sparked terrorist attack. clinton is receiving the 2013 liberty medal for her work in public service, hillary without a doubt is living a good life, ahead of her presumed bid for the white house. when she is not in hamptons her speeches bridge in more han $200,000 each, but she is not only member of obama administration who dismissed benghazi as a phony scandal, and went on to reap huge rewards, susan rice went on 5 sunday talk shows, and she is now the national security adviser, and critical park of obama administration now to sell a military strike against syria, former secretary leon panetta, he was left in charge by the president when the president had something else to do, we don't

know what that el circumstance -- else circumstance he led the attack on ben been. panetta signed a book dill for his memoir, general petraeus is now working for a big street wall street firm, kkr, no doubt making a big seem salary, and chief of staff jack lew. a integral part of what was the administration's 12 month stonewall, dodging questions about the president on the night of the attack, and finally president obama himself, rewarded with a second term, despite obvious failures of his white house during the attack, now one year afterwards, he has succeeded in doing absolutely nothing about benghazi. his administration continues to stonewall, the state department

refuses to hold anyone accountable but his administration has allegedly retaliated against one of those who testified against the administration in congressional hearings. and tonight, on the eve of that attack a year ago, a report in washington times, citing top u.s. officials who say that government agents did warn president obama last year in the campaign, that al qaeda was expanding. not being decimated. but the president continued to insist on the campaign trail that al qaeda was on the run, its leadership, that's right, decimated. president obama now is paying a political price of sorts, a fox news poll shows his approvvl rating 40%. 48% say his foreign policy leadership is weak, and indecisive. and we don't know what the president will say tonight.

we're pretty sure he has torn up the speech he planned to give yesterday. it ought to be quite a talk. his secretary of state and president of russia have given the nobel peace prize winner an out on war. the a-team joining us next, monica crowley and angela mcglowan. [ man ] i wanna be a pilot. [ woman ] i'd be an architect. what if i told you someone could pay you and what if that person were you? ♪ when you think about it, isn't that what retirement should be, paying ourselves to do what we love? ♪

lou: for more development in the global warming debate, new nasa satellite pictures show global cooling, and significant cooling, there were over 2.3 million square miles of the arctic sea covered with ice in august. that is a 30% increase from a year ago. which was a record low, 1.8 million square miles, which means dire predicts from the bbc in 2007 that arctic could be

ice-free this year were wrong. it is expected that ice will continue to grow. >> joining me now, author, radio talk show host, monica crowley, angela mcglowan, both fox news contributors, what are you expecting president to say tonight? >> i really don't know. this president's foreign policy has been of that a grassroots organizer, it has been filled with disarray, disorder and chaos, i don't know what he will say. maybe he will try to convince congress to swallow his two-prong strategy. lou: you know, you can't argue with angela's perspective, why have the speech at all given the developments? >> this is the most bizarre position a commander in chief has been in by his own design in a long time, he is going to

announce to american people, a diplomatic pause, what in heaven's name is that? does that merit a primetime speech by the american president. his speech writers have been crazying all afternoon, -- crazy all afternoon, redrafting things, president put himself in the red line box, now russian, vladimir putin, the old kgb guy is running the show, you have president of u.s., and entire u.s. government waiting for the russian president, how far we've fallen in terms of american super power status. lou: the other art it appears that vladimir putin is turning out to be a good potential partner with president obama, he seems to be sound of judgment. he is spontaneous, opportunistic, and a pretty bright solution and strategy on the part of at least putin to seize the moment. what do you think? >> well, wasn't in the same putin that actually allowed

snowedden to stay there? we can't trust the russians for our commander and chief to say they have been working on this for last year, some people in washington d.c. do not believe that i do -- i think you saying that putin is a statesman he is the diplomatic solution for the sirrion conflict? >> to be honest, i think we should give credit where his ked it is due, he did seize the moment, john kerry. >> handed it to him. >>iace, i call it -- yes, i call it the kerry plan. he said that plan would not work but now president aid it will. >> but now we have a diplomatic pause tonight, where american people will scratch their heads and say what the hell does that mean? lou: the pause is a pause in conflict. and a strike against a sovereign

nation. it is, striking, if you forgive the pun, that president has maneuvered himself in this position, and vladimir putin and john kerry through his own mispeeking have given the president an out. >> putin has played president obama and kerry like a stradivarius, vladimir putin had an opportunity he took it we've been talking for two years this president's policy has been removal of assad, now vladimir putin maneuvered this so assad stays in place, if president goes down this road of this deal with the russians said we reacquire the chemical weapons orb get international inspectors on ground, who? charge of that process in bashar al-assad. he remains in power, iranians keep their forth in greater middle east, which is syria. and hezbollah. russians have won, with the

iranians and bashar al-assad. and what does united states got? a big fat goose egg. lou: angela? >> we didn't have much when we began. but -- we had chaos and confusion, and a grassroots organizer leading our nation. , as the commander in chief. lou: you republicans cannot get over that. >> he said, he was the one that said during g-20 summit he was a grassroots organizer, but monica, how can have you in congress, a diplomatic pause oh, by the way we'll have a pause on potential votes for military invasion? what the heck is that? that makes no sense to me. >> i don't know. lou: why not just be gracious? president has an opportunity to say thank you john kerry for your idea, thank you to the putin for seizing upon it and saving my bacon. it would not cost a thing, it could create a real expansion of

an opportunity rather than to choke it off. as seems to be the instinct of this president. >> it is called obama arrogance. it is calleddic all thees -- exhaults yourself, we can do no wrong, i am your leader. >> what you suggested would be lovely and buy him goodwill for 5 minutes, but you talk international world and how cold it is based on international interests, what matters is have the have th vladimir putin has a foothold in middle east. a huge loss for the u.s. >> thank yo thank you very mucha and angela. >> take a second to go to our web site fox business.com. today featuring inside look at apple's new iphones, and the negative affect the unveiling had on apple stock. up next.

dow components faring better than apple, index with a second consecutive triple-digit gain, how about that? we're coming right back. i go ahead of you? instead we had someone go ahead of him and win fiy thousand dollars. congratulations you are our one millionth customer. nobody likes to miss out. that's why ally treats all their customers the same. whether you're the first or the millionth. if your bank doesn't think you're special anymore, you need an ally. ally bank. your money needs an ally.

lou: the dow posting a second consecond of it trip -- consecond iconsecutive triple-d, my next guest said investors should not be fixated on syria or other international issues because the markets are entering a sustained bull market for the next 6 to 12 months, joining me now. >> good to see you. lou: sustained? sustained market appreciation? that is music to everyone's ears. >> we had a slow growth period for years, everyone has gotten used to 1.5 to 2% growth, or the

so-called new normal, there was a lot of deleveraging that had to take place, we look forward we see 2014 as first chance u.s. economy is grow at 3%, looking at investments right now that tells you one with best chance of making real money are equity -- >> do you believe in the great rotation? >> people don't sell bonds and buy equities the same days. they sell bonds, build cash. and they think, there will be more money comes out of bonds into equities over the next 6 to 12 month, this is a marginal benefit. lou: to move away from the margin, let's get to how much you think we're appreciate for a mainer did of 20 -- remainder of 2013. >> problem with last quarter, some has been priced in already. lou: i thought you would say

problem with forecasting future. >> we are expecting fourth quarter in january to be strong for equity, looking next 6-12 months, it should occur in fourth quarter, and january. lou: the bond market? >> it will be range-bowen at bound at best. range-bound more significant losses or next several years. lou: tapering this year -- this month, is it? >> probably 10 billion, that seems to be consensus. it was 15 billion a couple of weeks ago before syria flaired up. lou: pocket change. >> that is it. they are pumping in 60 billion a month, not expensive equities are more than likely going to continue to appreciate. lou: you will be in singapore with a dig conference over

there. later this month. we're hearing a lot of talk about the damage that the fed is doing to emerging markets, and looking at china which appears to be in resurgence, japan, it looks like it worked ? >> so far so good. asia is enjoying somewhat of a renaissance. especially japan. now we're having conference over there, we're bringing a lot of different investors together, central bank heads like geithner, and we'll discuss key issues for asia, and forward path for emerging markets. we do think that taper will continue to lead to neg negatie technicals. lou: troy thank you. >> thank you, lou. lou: have fun in singapore. lou: up next, brand-new book, under fire, exposes what secretary of state hillary clinton and president obama knew about benghazi and when. we're joined by the coauthors,

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lou: the military wrapping up its ability to respond tooapril attacks moving 250 marines to italy ahead of 1 year anniversary of benghazi attacks, attacks that left 4 americans dead including ambassador christopher stevens, my next guests have taken i look and shared it about what happened on night of september 11 a year ago. in their new book, the untold story of the attack in benghazi, entitled "under fire." counter tecounterterrorism expel

katz and fred burton. they are authors of the new book, "under fire." thank you for being here, congratulation on the book, let's get to it, you highlight some thing that was index cussed until -- inde undiscussed untilr book. a -- each played a pivotal role, why did it take so long to get the story out? >> the attack transpired during a presidential election when the fallout and firestorm over the narrative became more important to many than the actual story of heroism, the 5 special agents were young, isolated in a city void of "law & order," controlled by fundamentist militias, and found themselves

under attack. lou: you say story of these agents that sam is talking about was lost in the political wrangling in aftermath of the election, and the campaign. you say it is not a story of a failure or a cover-up. how would you describe the story, then? >> i think it is a story, lou, of simple courage and heroism, the ability to do the job under very difficult issues. as a former agent, i certainly felt for the agents that were out there alone. i know how that business is. help is a long way away. and i know that they were struggling with trying to do the guest they could, they followed protocol, and their emergency act -- emerged the plan to a t . lou: i don't know that any of us, most of us believe that glen

dougherty, and tyrone woods were heroes, that and the agents that you all chronical in the book are heroes. as are all of those who responded. what defies, understanding comp hencetion so far is why in the world did not the government of the united states respond doing the course of 7 hours to help those folks in benghazi. >> agents from diplomatic security service who find themselves in critical threat outposts in africa or in middle east or in the world, know that sometimes back up is an aircraft carrier 6,000-miles away, because of a million and be on reasons, logistics, sometimes confusion in the fog of terror, they rely their job is to holdout as long as possible until help arrives, one of unshol stories of -- untold stories of benghazi is ha help did arrive when word came to tripoli, that the compound was

under attack, cia contractors and operators in tripoli stood up and volunteered right away. >> how many people? >> 7. lou: 7 people, how many terrorists were there, fred? this is simple math to me. and i don't like the fact that only super power in the world, their answer in all this over the course of 12 months is, you know we just made a decision, we don't have to defend it it is the way it is. and the hell with them. that is what this is a statement of, in my opinion, by this administration, the hell with them, they did not even try. how wrong am i, fred? >> well, lou, i think that if you look at this in context, the terrorists that stormed compound from anywhere from 30 upwards to 50 that came on to the actual villa where the ambassador was hungered down, agents had a

decision that no body wants to be encountered with, do i shoot it a last stand similar total mo? -- to the alamo. unfortunately, they were just overwhelmed with numbers, and with -- >> and fire power, these terrorists had fire power that could match just about any unit of u.s. military or anyone in an ex who was a -- an annex. you are in the -- in the security business. you are in the intelligence business. it defies th imaginic of most americans upon learning of the attacks whether it be red crescent or british ambassador

and his convoy or the attacks that led to september 11 that the united states government, for whatever reason, the state department, responsible for that facility, in benghazi, did not listen to the ambassador who begged them hear help. >> the security staff, special agents, don't to a seat at the table. lou: i understand that, i am talking why in the hell hasn't someone been held accountable for this in state department in the obama administration? >> that is a very good question. lou: fred. >> that is a very good point lou, i think there was an effort to throw a few good agents under the bus when this first unfolded. lou: that is a response, there is a respond. that something that obama administration should be proud of. we're out of time, this is a fascinating story we've been waiting a long time for your book, the untold story of the attack in ben been by sam katz,

and fred burton, thank you, we recommend the book to you. links on to it on loudobbs.com. join us tomorrow we sit down with house judiciary committee chairman bob goodwel, good night from new york. my mantra?

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pnc investments works with you to understand yours and helps plan for your retirement. talk to a pnc investments financial advisor today. ♪ neil: welcome i'm neil cavuto, get ready for what could be a more unusual night, president of united states making an address that will effectively disown a policy he does not see happening, a president arguing for an endeavour he is now abandoning, talking about a strike against syria, manage that seemed imminent. now on thin ice, thanks to vladimir putin of all people, so much to get into, we have a delayed vote, syrians admitting the very chemical weapons they refused to admit they have, russians saying they will help get a