tv Markets Now FOX Business September 12, 2013 11:00am-1:01pm EDT
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exemptions under this law. it was ridiculous. russia's vladimir putin telling the u.s. and our business in the new york times. senator john mccain calling it an insult to the intelligence of every american. depending and sears, commissioner of the securities and exchange commission wants a better explanation from the stock exchanges about the massive interruption in the trading of nasdaq listed stocks a couple weeks ago. the future of dell computer decided in texas, shareholder vote to take the company private puts it back in the hands of its founder. week ii of the nfl kicks off between the jets and the patriots. we will accompany the keys save and a report of undercover cops posing in santa. that and more coming up on markets now.
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connell: good job with bo dietl back in the day. connell: dale earnhardt jr. coming up. dagen: talk about controversy, still staring away in nascar, penalties handed down and more. connell: the john mccain sea area comments, let's go to nicole petallides. nicole: looking at a market that is slightly positive. dow jones industrials four points. let's say we have a straight face of gains. and over 400 points, a great week for the gold, pertaining to syria. bolt is something everybody is talking about down $33.
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not too far off for many of the players. dagen: the latest on syria, vladimir putin talking directly to the american people in an op-ed today. connell: they are used by the rebels, not the syrian army. dan henninger her is with the editorial page. what do we make of this? what does it tell us that this happen? vladimir putin, president of russia, but much as american -- letter to the american people and not in the new york times. >> it was actually not an op-ed but an exercise in propaganda from the first capital letter to the final -- dagen: the u.s.s.r.. >> i think a month or so ago the new york times would have said thanks but no thanks, it is boilerplate. but because the president of the
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united states, barack obama has accepted vladimir putin's offer to talk about negotiating dismantling of chemical weapons in syria, to coequal status with him on the world stage over siena and the times was so sure, and publish the ridiculous op-ed piece. the ticket contradicts everything russia has done so far. the way russia acted in you and negotiations was, quote, shameful. >> vladimir putin suggested they go into the u.n. security council to negotiate an end to the chemical weapons. last monday susan rice, former un ambassador, now a national security adviser went down point by point all the times that russia had thwarted and stopped the security council from doing what he purports they are going to do now and that process is at a dead end so you have to ask what is going on here.
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he now has john kerry in geneva talking to the soviet -- the russian foreign minister about what is going on in syria which is taking of the wind out of the sales of the syrian intervention. connell: it lead you to believe the resolution of the crisis in syria, on vladimir putin's terms, what are those terms? he seems to control it more than we do. >> we have to be clear what his terms of. his terms are the defeat of the syrian opposition which he says in this op-ed were the ones that used gas. not many people other than vladimir putin believe that anymore but he wants the opposition defeated and if the united states withdraws, syrian opposition have been saying that they think their chance is passing to defeat assad. if assad wins, vladimir putin quince, russia wins and the mullahs in iran win.
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that seems to be the course we are on right now. dagen: what does it mean in your column equating president obama and john kerry, what does it mean for our relations a round world dealing with north korea, china, not just iran. >> we have a laurel and hardy presidency today, diplomatic slap stick. it has been amusing at times but very dangerous and the obama administration has to pull back and recognize what a nightmare the past two weeks have been and redo it and think about a strategy for dealing with the rest of the world because if they and china and north korea see vladimir putin taking him to the cleaners in syria they will try to do the same thing, if we don't have a strategy for dealing with it will happen again. definition to the vladimir putin term, that is important, defeat of the opposition. thanks as always.
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to the markets with syria one of many issues in washington, investors are awaiting clarity. dagen: phil orlando is chief equity market strategist at federated investors joining us to, the market likes the fact that there won't be some military intervention but if we look like to use a word and has used if we look like vladimir putin's marionette that is not good for us and our power on the world stage. >> no and i wouldn't rule anything out. and made some great points. the syria issue is not resolved. their are larger credibility issues as it relates to iran and russia and at this point i don't know that we can definitively say that a military confrontation in syria or elsewhere in the middle east is off the table. the market has been rallying over the last week or so in expectation is a military strike is off the table but that would be potentially premature. connell: how big an issue in
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reality because i heard both sides of this, smart investors scoff at the syrian situation saying we have bigger issues for the market, something we have interviews like this and feel the need to talk about it because it is a big story but in reality how big an issue is styria? the federal reserve and capering and the economy. >> we put together a laundry list of half a dozen items that concerned us. the middle east was the top of the list because it was the one we were dealing with in full but the other five of those issues are coming up in short order over the next month. the next one is the fomc capering decision, we get next week the german election after that. president obama is going to give his nominee for the federal reserve by the end of september and the two fiscal policy issues, continuing resolution and the debt ceiling issue we will deal with in october so you have a number of potentially market-moving issues, some of which might break negative yet
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the market has rallied a three% or 4% over the last week or two. dagen: would you take equity allocation down? >> that is what we did in july. we enjoyed as everyone did a nice year to date through the end of july, the market pushing to the 1700 level. we took an 85% equity allocation in the global allocation fund down 75%. we are still overweight relative to neutral but thought it was prudent to take a couple chips off the table and see how these half-dozen issues develop over the course of the next few months. connell: always good, thank you. dagen: dell shareholders approving michael dell's buyout proposal to acquire delaware partnership with global and a pretty silver like partners. connell: adam shapiro live from texas with more. adam: after the meeting adjourned i went to michael dell and asked what he thought about this. he will have a conference call at 11:00 central time. he is pleased and excited about the company's future.
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but the shareholders who are going to lose tens of thousands of dollars because this deal will sell their shares at $13.75 a share are not so pleased. one of them joins me now. vince duncan. you knew this was coming but it is a bitter pill to swallow. >> i had this stock over 15 years and supported michael dell along with other stockowners and they are taking stock away from us, nothing we can do about it. we are going to lose money. >> you have 7,000 shares, this deal will close by the third quarter of dell's fiscal year, what does he do with the company in the future? was this a necessary step to save it? that is what he is saying. >> i don't think it was. i think a necessary step would have been carl icahn to take over. i don't believe michael dell has got it any more. if he turns it around. >> this is the pc company, a computer company. will this be what dole is in the future? >> no. i think he considered a lot of
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people will lose their jobs. he is going to try it, but i don't think it is going to work. >> thank you for joining us. we will have more on this shareholder vote, a $25 billion deal. and stand to make $70 million even if the share price he surrendered in his battle for control of the company. dagen: adam shapiro in round rock texas. connell: developing identity as an fcc crime and force, mary jo white with an answer in the exchange of the flash freeze last month. dagen: another big weekend in the nfl. we will get the money going into keeping these. connell: becoming a bigger and bigger issue after the marathon bombing in boston and katie mcfarland coming along with colonel oliver north, they will both be on, and foreign policy and how the world views our leaders will later on as we
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dagen: securities and exchange commission head meeting with the heads of u.s. exchange, some managers would cause last month's nasdaq flash freeze. connell: peter barnes in the sec. peter: that is right. 13 exchange fee e os and executives meeting with the chair over problems in trading caused by problems in computer technology at the major exchanges. the meeting was called after the big. at the nasdaq on august 22nd, data feed wrote down for three hours and that halted trading in 3,000 stocks including apple and facebook. nasdaq fixed that problem and announce a series of steps to prevent that from happening in the future. one industry official says this meeting today is not a post-mortem on the nasdaq or to
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be up the nasdaq but rather to get all exchanges going doing more work to improve their systems and technology because we have seen problems other places too. the facebook ipo and the flash crash in 2010. an industry official says some of the proposals being discussed today may include the idea of kill switches, automatic trading halts and technology problems, setting up uniform testing standards for the industry, executives me with mary jo white include bob greifeld of the nasdaq, duncan neiderauer of the stock exchange, phil o'brien of the wreckage, back to you. dagen: before we go, not to the atlantic for the comparison of mary jo white in the incredibles. >> i saw that article but actually edna is modeled after
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the costume designer edith head. google that. dagen: already knew that. connell: good try. cheryl: not when it comes to hollywood or costume design. connell: investors loving the tune of the new ceo at pandora. how about pandora? nicole: pandora is a great performer and we should note the stock is up 150% this year, year to date. today up 9% hitting a new high and the nice one year chart for you. 2375, new c e l coming in common and the former microsoft executive brian mcand drew, the president, chairman, ceo replacing joe kennedy it, and don't forget royalties and high-profile push to congress if they are looking at that, and
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intense competitions so good news for pandora. the keeping the stadium save another big the in the nfl, jets, patriots, show you the security of these. connell: more on president vladimir putin in the new york times directed squarely at the american people, a letter to the american people. kitty mcfarland and oliver north all over that coming up the first look at world currencies and how the rest of the mark fairing against the dollar on markets now. keep it here. [ woman ] if you have the audacity to believe your financial advisor should focus on your long-term goals, not their short-term agenda. [ male announcer ] join the nearly 7 million investors who think like you do. face time and think time make a difference. at edward jones, it's how we make sense of investing.
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>> 21 minutes past the hour your fox news minute. china calling for joint effort to denuclearize the giant damage korean peninsula north korea may be restarting a plutonium nuclear reactor. reason satellite images appear to show north korea restarting a facility that was closed in 2007 under a government agreement. a new survey says generation x are overlooking life-insurance due to a shaky personal finances. the 2008 financial crisis is seen as a contributing factor. says 20% of than had no
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insurance, up 5% five years ago and prince william stepping down from the military after seven years. a search and rescue helicopter pilot for the royal air force, will focus on his charity and royal duties as well as his new role as father following the recent birth of prince george. those are your news headlines and the fox business network. connell: good to see you. here is phone-number 4 everybody. eighty-two thousand five hundred sixty six. that is the seating capacity at metlife stadium, the home stadium of the new york jets and giants and a host of the coming super bowl. the venue can hold the entire population of scranton, pa. even more than that but have you ever thought or wondered about what goes into protecting millions of fans that flocking to the other nfl stadiums around the country each season. is becoming a bigger deal and
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joining us now global security attorney and adviser for prospect of sports, safety and security brian finch, thank you for coming in. about opportunities for companies which is why we wanted to talk about it. what is changing? this new policy, what is the deal with that? >> it has been in implementation especially after 9/11 a lot of stadiums jacked up their security policies and procedures but with the boston marathon bombing it crystallized the opportunity to implement security members that while not overly stringent will ramp up security and a clear policy is the most visible of it but there's a lot more going on. >> you have to see through the bag. one thing always wondered in stadiums is somebody in your business, what percentage of what you do is psychological, making people feel secure versus practical, making sure the authorities can operate the
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right way and make the stadium ? >> is there an element of security? just -- the reality is a tremendous amount goes into this. each of the sports leagues have a security director and the individual teams or security personnel on duty and off-duty police personnel in this judean, they invested tremendous amount of money. connell: the a private contracts. >> like an essay security which has bomb sniffing canines and metal beat sector is going into a lot of stadiums, cameras to push out the barrier sort of like we do at airports to keep dangerous items away from the actual stadium and visual modeling and make sure if someone looks suspicious there's a clear chain of command and notification process to ensure that something suspicious is happening. connell: literally say something, the right channels
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for. let's talk about the super bowl because lot of people make a big deal about it in this area, it will be played in new jersey and metlife but what about the point of view of security. does it matter whether superbowl is held like a big city in new york? >> doesn't matter. we have world series here on a number of occasions since 9/11 cell new york is well versed in security. the folks at metlife are doing this, security is a top priority and they will have a tremendous amount of assistance from the federal government. and the secret service, the fbi, department of homeland security had assets on site for many days before. connell: super bowl is a safer even than anything else because of that reason. >> they are all reasonably safe. any time you go to was 40 then there's always a security threat. could be from an intoxicated
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fan, philadelphia fan, there's always a challenge when it comes to security. connell: jail in philadelphia? >> don't know if they haven't. connell: and they play once a week, close to 100,000 people in these college games, once for different. >> that is the great thing, they are tailored to each other. hockey and basketball share the same arena, a smaller crowd, 20,000 people but still a level of security that is consummate with the risks and efforts and there are metal detectors it a lot of nba arena is that will go along with the nhl as well. you shouldn't feel you are less sick at any professional sporting event, they invested tremendous amount of time but one that incidence destroys their offering. connell: thanks a lot. appreciate it. the tech names like skype,
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hotmail made possible by one venture capitalist, liz claman, we will talk with jim draper coming dubya and dell earn hard jr. talks nascar with me, the playoffs and unprecedented penalties coming down. more on the way. i talked to him straight ahead and here are some winners on the s&p. [ tires screech ]
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priorities, something he talked about at the beginning of the show but this comes the same day vladimir putin of russia had an odd but in the new york times, and senator john mccain calling it an insult to the intelligence of every american. joining me now is former deputy assistant secretary of defense katie mcfarland is lieutenant colonel oliver north, on the fox news channel. great to see you. your reaction? >> it was brilliant on vladimir putin's party and said what a lot of people like thinking and it is an example of education propaganda. used the american media, obama's biggest cheerleader of the new york times and turned against obama. what we have seen is president obama's policy of leading from behind has created up power vacuum, and vladimir putin
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jumped in to fill. we won't have 30 years in the middle east with radical shiites, radicals zuni's, and who is in the driver's seat leading and influence in advance shifting, not where we have been, it will be vladimir putin. >> obama sayre rented the presidency of the united states, the credibility of the united states, both to adversaries and allies and put it in the hands of vladimir putin. there's not a person i know with that you know who would trust vladimir putin any further than you could throw him. vladimir putin as long as he lived until his next term will have served longer in office than czar peter the great. he presides over a country that is dying. it loses a million people year and will accelerate. and nobody emigrates to russia and don't repopulate. the end results of what he is doing is to put russia, a a the
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soviet union back in charge a part of the world waited at zero influence since the 1970s since katie was working for henry kissinger. what you are looking at is a man who knows what he wants, power and the ability to manipulate events to adversity, who could have been and should have been an american ally because they could use our help and as long as the price of oil stays up, just went up another buck today. as long as the price of oil stays up russia has net income that exceeds its entire gross domestic product in the soviet era. and he knows he can keep things turbulent. worst of all he becomes the arbiter of whether israel gets taken to court over their nuclear weapons. >> is there any way to back out of the situation? energy independence, vladimir putin wrote a graduate thesis on the collapse of the soviet union and said it was because oil, ronald reagan -- $40 a barrel to
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$18 a barrel in nine months. and that is why vladimir putin has a graduate students at i know how we will reclaim the empire, we will use our economic power, oil, natural gas, build ourselves up and reclaimed the empire and he followed that letter by letter by letter. he has one achilles' heel which is we could do to him now what ronald reagan did, the price of oil, american energy independence, develop our own energy. >> we are headed in that direction. we are producing more in this than we are importing. it takes a long time and there are already forecasts that we will be producing more than saudi arabia. >> if he can keep things turbulent we are not the only consumer.
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india and china will become the number-1 consumers of oil. the middle east is in turbulence the price of oil is moving on -- >> it would be turbulent. >> if you have competitors, vladimir putin is exporting natural gas and oil to of the biggest competitors? and the least. of the middle east is in turmoil for 15 years, if oil wells are blowing up and ships can't make it to market his product is getting to market? russia. we saw ourselves as their competitors, we could help drive down the price of oil again. we should build a case stone pipeline, do it all comments and tell the saudis you pump more like you did in the 1980s and we will see the new soviet union back on its face. >> we want the cold war. did you notice that? the net asset this is back in the u. s. s r.
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that is exactly how the new york times op-ed -- very uncomfortable. thank you so much. connell: three days in the valley liz claman coverage continues in a moment and talk to one of the great money managers, akin draper coming up with liz claman and we are going to talk nascar with dale earnhardt jr. and the money driving that sport these days and we told you about the new federal reserve movie, charlie gasparino has the director, talking about the film, the fed is sacrificing long-term health of the country for long-term easy money. the interview coming van 1:00 eastern. won't miss it, markets now, we will be right back. [ babies crying ] surprise -- your house was built on an ancient burial ground. [ ghosts moaning ] surprise -- your car needs a new transmission. [ coyote howls ]
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>> your fox business brief, plans for an ipo of $1.25 billion by blackstone group in 2007, $26 billion, owns 4,000 hotels and resorts in 90 countries. the number of u.s. better and foreclosures in august was the lowest for any month in eight years. new data from realty track shows lenders initiated foreclosure action on 56,000 homes last month down 8% from july and down 44% from august last year.
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new jobless claims fell by 30 one thousand to two 92,000, the lowest level since april of 2006 but labor department said much of the decline was due to the technical glitches and claims processing in two states they did not name. the claims were unchanged. that is the latest from the fox business network giving you the power to prosper. @??
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the a lot more coming up, adjoining liz claman this afternoon at 4:00 p.m. elon musk, c e l of tesla and spacex, rockets and electric cars, needed all along the way from venture capital. connell: the final day of three days in the valley with a man who took the risk, saw the potential. >> we are here in downtown palo alto, the heart of silicon
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valley, and hot milk, skype, venture capitalists are the lifeblood, the heart that pumps money through to all these entrepreneur is, always on what the next big thing was going to be, in fact three days in the valley, six years ago you took a chance coming gone to talk about it. we can't wait to hear what you say now. what is the real action, the real growth potential of the valley? >> there are three four really interesting trends happening. could be an interesting currency around world. drones, somehow getting your pizza delivery to your body come very quickly. absolutely. and wearable computing. put some of those together, you
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could pay by bigot collins with the world will device that can tell you where your heart rate is low or not enough blood sugar and a drone can deliver to your mouth. dagen: it is that moonshot idea, the focus on these ideas people thought could never happen that has made you a multimillion-dollar success. you have done incredibly well. let me challenge you, charlie monger told fox business, the vice chair called school thinking of berkshire hathaway, the right-hand man, it is a rat poison and the mess, who even knows what it is? you totally disagree with that? >> he has a lot of things called dollars. he isn't really thinking of these things. yes i disagree. there are currencies all over the world people don't have confidence in and this is where
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there is some confidence. appreciating in value versus the peso in argentina which is decreasing. dagen: that is a function of all the central bank confusions of money? >> yes. it could be. but i think throughout history there will always be problems and people will need to get their money out of countries and in 2 countries and it is also an easier way of saying. dagen: i you putting money into drone business now? >> we put money into big coin companies and drone companies and lesson is focused on the incubator of tough foods. and other companies. dagen: those of the next three things. another big thing in the valley is something you started, draper
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university for a hero's. started to feel we were not seeing enough entrepreneurial spirit during the recession, what is the number one thing entrepreneurs have to have in their hearts and minds? >> they have to have a spirit of heroism. we are always, and i believe the world doesn't have enough heroes. we need more hero's. that is what we are trying to train. we take 40 or 50 per quarter and 200 knew he rose to a year, we can make great things happen, solve the world's problems. >> and speak to businesses and -- >> ron johnson who ran j.c. penney and did all the apples tours over here and he can talk about merchandising so we get the experts, we had elon musk who invited us to come to his
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grand opening where he launch the ask car and students ask questions, what advice would you give to an entrepreneur and he said don't do it. that was great advice because if you are a real entrepreneur, what you telling me not to do? i am going to do it. dagen: great to see you, thank you so much. again i like to say he took a chance on fox business six years ago and back then was already talking about things like mobil and skype and you heard what he had to say, of these entrepreneur is coming up in the next hour, when we first came to him on three days in the valley two years ago they barely had 1 million people on their magazine apps, today pushing seventy million fans on this thing. we will talk about that and at 4:00 eastern a very special interview with elon musk of
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tesla, spacex, solar city, so many irons in the fire. we will talk about that and more on fox business. connell: back to markets now to talk about the u.s. dollar which is taking a hit today. everyone is shifting and when the fed will taper. dagen: taylor smith is peer. >> it is definitely showing up in the u.s. dollar and yield on the ten year treasury and the stock market as well. look at the u.s. dollar chart, month chart running up to the peak in anticipation by the fed of the bond buying program. those expectations are diminishing and we are getting a weaker u.s. dollar, fled to the ten year yields green the yield and the tenure is coming down four basis points at 2.88%. we saw this go above 3%. we are well off their. this is the expectation according to the most recent
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poll, reuters and a group of economists, the expectation is the asset purchase by $10 billion. the dollar got stronger based on $15 billion being cut back from the bond buying programs so that number coming down. when you look at how this is affecting the market, bets are on commodities to go up, get a weaker u.s. dollar and stronger commodity prices. we are seeing it show up there and with a look at sectors look no further than the home builders for getting gains today based on a drop of the interest rate and the yield we saw, and start to see the impact. dagen: nascar in chicago, dale earnhardt jr. is in the running for a championship. he is up next on big money. connell: let's get to some winners we see on the nasdaq
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the neck breaking news, nascar is still investigating on track shenanigans of last saturday's reese, final and will for the playoffs this sunday in chicago. michael walter of racing and three drivers have been penalized for intentional race manipulation, one of those drivers was dropped from the playoffs, del earnhardt jr. is in the chase and will be racing for championship this sunday.
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year-old through this town this weekend i asked his reaction to the punishments we have seen so far, if that will change anything. >> it is hard to say it because when you are in the heat of the battle and there is a lot on the line trying to make the championship and get a team into the championship and win a championship, human nature is a crazy thing. note telling what anybody would be willing to do or try to do to win a championship and so it is hard to say what this really will limit going forward but it is important that nascar misstatement, put their foot down and i like it when they are strict and ruled with a heavy fist. the key still needed championship? where is your head? where is your heart? they you feel you are more on
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top of it achieving the goal you have right now? >> as close as we have ever been to going into the chase with a good opportunity to win, and confidence in my team and the speed we have. last year we were in the conversation as a contender, in the conversation from piers, and in the media, that had never happened before in quite a few years. so i didn't get a shock to show what kind of team we were because of the conventions so we had to come full circle to this season and we are up better team with more speed, we don't have the finish we had last year, we had dinner failures and some bad
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luck. but we have the speed, more speed, more competitive team, just put ten good races together and do as good as anybody. dagen: in terms of your need to the price you put on yourself is there more pressure? >> that is inadvertant. the older you get, the more you think about opportunities and how little or few there may be in your future. i will be 39 and a couple weeks. dagen: you don't look it. you shipped the beard off and your five years younger all of a sudden. >> i think that you think about your age and think about how many more chances do i get, but there is not an urgency in my mind.
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i got to make this count. i feel that our team is in position to be this strong for a couple years and we get more opportunities but you think you got to make this one count. dagen: sponsored for the rest of this year, time warner being a new sponsor, time warner cable, than pepsico with new and national guard next year working on a full lineup of sponsors and more penalties could be on the way. watch dale earnhardt jr.'s teammate jeff gordon with those shenanigans, he got knocked out of the cheese. and see if jeff gordon gets in. i am totally guessing but you never know. connell: any time in and walk of life but particularly in sports any time the integrity of the sport is called into question is a big deal. dagen: unlike the nfl saying he saw to a football team, you didn't win the game more make
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the playoffs, that is what is going on. is unprecedented before nascar. connell: the prize of the empire state building, coming up with cheryl casone and dennis kneale ahead with an interview you won't want to miss. dagen: the biggest 4 adult entertainment moving beyond film. into exotic dancing. vivid entertainment ceo steve hurst joins cheryl casone the and dennis coming up, the biggest name in adult entertainment, can't wait for that. when you do what i do, you think about risk. i don't like the ups and downs of the market, but i can't just sit on my cash. i want to be prepared for the long haul. ishares minimum latility etfs. investments designed for a smoother ride. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives,risks, .
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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? bounce keeps my clothes fresh for weeks, even when they've been sitting in the drawer a long time. like those jeans you can't fit into anymore.
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uh...by that, i mean... [ male announcer ] how do you get your bounce? long-lasting freshness. your financial advisor should focus on your long-term goals, not their short-term agenda. [ woman ] if you have the nerve to believe that cookie cutters should be for cookies, not your investment strategy. if you believe in the sheer brilliance of a simple explanation. [ male announcer ] join the nearly 7 million investors who think like you do: face time and think time make a difference. join us. [ male announcer ] at edward jones, it's how we make sense of investing. dennis: hello. i am dennis kneale. cheryl: i am cheryl casone. wall street moves on to worries of said tapering.
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we have political and side reaction to both of those. the empire strikes back. so in taking father. this time the winner could get this. another do not miss interview as we talked to the son about this battle. dennis: democrat bill the blowsy zero wins the primary in part by bashing the rich. my take on ahead. we walked to hear from you. nicole: we are not too far off the lows of the day. eighteen points on the dow jones
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industrials. triple digit gains. we have gained about 400 points this week. not surprised to see a little bit of aid dip back here. we will continue to follow. dora, facebook and dell. dennis: thank you. cheryl: talks underway between john kerry and his russian counterpart. this as russian president vladimir putin warning of devastating consequences. for more, let's bring in
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lieutenant colonel michael k. this seems to be a political push and pull. >> look at the notion that brings this out onto the table. the emerging market index has increased over 6% in the last six days. as international support was way through, i think the threat has subsided quite substantially. moving forward, i think we are into a complex stage of this chess game.
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i think that will play out in slow time. very specific ramifications. what do you go for six or seven, i think there is an acquisition of the obama administration that they will have a sovereign power over the next few years. cheryl: do you think president obama made a mistake? >> i think what obama does not have coherent form policy. i would not say a lack of respect. what i mean by that, if we look at those remaining in power over the next two years, they recognize the syrian national council now. cheryl: lack of involvement and
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lack of opinion. is that a fair assessment? >> i think so. saudia arabia, one of the biggest funders and biggest supporters of the rebel movement, this is the conundrum that we have. you have the arab league and the organization that does not recognize a solid. you have america building up the expectations. america will have to have a very delicate conversation. we have accepted that he can remain in power if he gives over
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his chemical weapons. how they go about interfacing with saudia arabia and the fact that they will still support the rebels. we heard that they are now starting to see various support from the cia. that is an added complexity. cheryl: you are talking about and at this point and added channel. thank you very much. elizabeth o backe has been fired by the institute for the study of war for lying about her resume. she joined us on august 30. her research has led to significant media exposure. she does not have a doctorate
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from georgetown university, as she has claimed. dennis: breaking news. a recess may be canceled to work on the budget. president obama says he will be concentrating here on issues at home. >> government spending authority runs out with this month. we could have a government shutdown on august, i mean, october 1. what we are looking at today is lawmakers and leadership saying we may have to work the last week in september. the house may be need to be in.
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house speaker john boehner says he is still talking with members to figure out how exactly they will find a way to fund the government. >> we expect the government could hit the debt ceiling. they had a meeting this morning. every major effort to deal with our deficit over the last 30 years has involved the debt ceiling. the point treasury officials are making is that republicans are saying that they were threatening the fall. that is something that has never happened before. back to you. cheryl: we are getting some breaking news on sears. investigating if any items were made in north korea without
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their knowledge. action will be taken if warranted, depending on the result of a company investigation. dennis: stocks taking a breather today. the winning streak may be ending for now. we have the chief market strategist of pmo asset management. have we are deep in there and done that? >> in a way, we have been there and done that. i do think if you look at the tapered down, just pick one of the subjects that you mentioned there. i think it is basically baked into the market at this point that we would get a goldilocks solution. if, on the other hand, we get the shallow end of that, the markets will be disturbed by it.
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i think the debt ceiling is another one. what we saw in syria, all of that more than compensated for. some of these disturbances will upset the equity market as well. dennis: what about the notion if i am a longer-term investor, let's say the government shuts down, call me crazy, i am thinking it will reopen eventually. >> if you look at what is happening around -- you get this diplomatic resolution that is being discussed.
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the consequences. it helps reduce profit margins. you want to be very careful about stock selection. dennis: thank you. we appreciate you being here today. what is bugging me? class warfare in the new york mayor's race and beyond. this is bill de blasio. back in april, this guy ran fourth or fifth in the polls. how did he do it?
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by demonizing the wealthy. addressing the crisis of income and the quality is not a small task. i hope it is only four years. why is it that liberals always blame the rich for the plight of the poor? this eat the rich picked is on the rise. we have an old pro at this. they are blaming the wrong people and doing nothing to let business bloom. do you really think the rise of the rich is making more people poor? cheryl: very well said.
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no two people have the same financial goals. pnc investments works with you to understand yours and helps plan for your retirement. talk to a pnc investments financial advisor today. ♪ cheryl: something with apple is not hurting at&t and verizon. the impact on the dow right now and also arise in. verizon is moving higher as well. we are down about dirty points for the day. let's bring in the culpepper not. nicole: i am taking a look at
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lulu live in. today we are looking at the stock. it is down 6.3%. they did have to cut their full-year view. they still have a little bit of a recall from when they did the see-through pants. we continue to watch it. it is under some pressure today. dennis: thank you. that would be unintentionally see-through pants. the crop report released just moments ago. >> it is a bigger record then
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made that they would get before the report. the interesting part of this report was the soybean market. if you look at the crop, the crop for corn was made in july. the crop for soybeans was made in august. we did place and that this crop would deteriorate pretty seriously. it looks like the traders got it pretty right on. it came a little bullish on the estimates. the carryover was an expected. they really do not know which way to play this. whether you are bullish or bearish or if you think the weather will still impact these numbers, you have to keep an eye on the bean market. back to you.
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♪ >> 23 minutes past the hour. i have your fox news minute. china is calling for joint effort to stop. north korea is restarting a facility that was closed in 2007. the image from the wildfire in california continues to grow. sixty-eight homes have been destroyed. fires are also responsible for one death. michelle obama has encouraged americans to eat better and get
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more exercise. now, she wants people to drink more water. mrs. obama is its honorary chairwoman. those are your news headlines on the fox business network. my mom tells me every single day to drink more water. cheryl: all right. this is a great new york story. it has become a big battle for the empire state building. the company rejecting skyhigh bids. we are joined by vice president jason meiser.
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why do you think that the owner does not want to give up control of the empire state building? >> that is a great question. the supervisor, the controlling interest of the empire state building. they will become phenomenally wealthy. basically, it is in their best interest to basically go along with this except it is at the expense of 2800 investors. cheryl: from an investor give, this would be a $5 billion read. this would be good for the building and good for investors out there.
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it is an unbelievable asset. it is the empire state building. they do not want to own stock. the stock market has a lot of volatility. cheryl: do you think they are all opposed? >> they have to take these bid very seriously. there'll be a conference calll3 with at least over 7000 of them. they want a private sale. that offers them cash or the ability to stay in as owners of the empire state building. cheryl: --
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>> they could be a hero in this saga. he could say let's take this to a vote. allow the investors to decide what they want to do. a major player. his offer is in excess of what these investors would get if they went along. hundreds of millions of dollars more. it is worth $1.18 billion. this offer is 1.4 billion all-cash. cheryl: it will be interesting to see where this vote goes. these families may take a different direction. it is a saga. we have enjoyed this as journalists. thank you, jason. dennis: the business of vice.
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one of the biggest names moving beyond film and strip clubs. steven hirsch coming up. cheryl: voting to take the company private. adam shapiro all had. ♪ with the spark miles card from capital one, bjorn earns unlimited rewas for his small business take theseags to room 12 please. [ garth ] bjors small busiss earns double miles on every purchase every day. produce delivery. [ bjorn ] just put it on my spark card. [ garth why settle for less? ahh, oh! [ garth ] great businesses deserve limited reward here's your wake up call. [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose double miles or 2% cash back on every purchase every day. what's in your wallet? [ crows ] now where's the snooze button?
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three straight days of gains. the markets have been buffeted and knocked around. so far, you know. cheryl: well, this has been a battle royale. shareholders finally approving michael bell's buyout. adam shapiro has more. >> he is being very tightlipped. we just ended a conference call with analysts and reporters. he is reluctant to talk. he did say he is very pleased with the outcome, obviously. that is what we will talk about right now. what does he do once the company is taken private? the forces of cloud, big data
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and security will change the way the world works and innovates. they talked about the fact that 39% of their revenue comes from enterprise solutions. that is the direction that this company will be going. we are in the middle of this execution. there are shareholders there were at the meeting this morning that are not happy with this outcome. here is what he said. >> he should have stepped aside when he announced a year ago that he was going to buy this thing or taken private. he should have had no business in doing any daily operations or
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nothing. >> to keep it into perspective, roughly 24% of the pc market in the united states. worldwide, the number three pc 11.8%. this is a company that is moving much more towards enterprise solutions and software. cheryl: you wish the company the best and the employees, as well. thank you, adam. dennis: the business of vice. one of the biggest names and adult entertainment. now entering the arena of exotic dance clubs. joining us now is the ceo, steven hirsch. thank you for being with us. you founded the company in 1984.
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before we ever knew the internet would be any sort of a threat to anyone. you have survived. you guys are still going strong. now you are moving into topless clubs. >> for the last 30 years, for us, it has been all about building the brand. whether it is vivid tv, vivid.com, vivid radio or now vivid clubs, this is how we do it. this is how we continue to generate revenue. dennis: some wonder why you did not make this move earlier. down in miami, a particularly interesting play. you are working with a public company. now you will open one in new york in november. >> yes. we are excited about that.
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it is right in the middle of manhattan. it does not get much better than that. dennis: given that so much adult fare is available on the internet, a lot of people who watch pornography, they do not know the vivid brand. does that mean enough to them? >> we have been trying to build the brand so people know who we are. we do believe that people will know they will get the best girls, the hottest girls and the best quality clubs. that is what we are about. dennis: your revenue is over $100 million or so. it could be a $10 million investment. you do not have to put up any other capital. >> it is a licensing business. that is part of what we do.
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we license it for clubs. it is a different part of our business. dennis: two other recent news events i want to get you on here. you have, first of all, a new york court ruling that exotic dancers are covered by new york labor laws. will this put strip clubs out of service? i think they make far over minimum wage. >> i think they do as well. we are vivid. we are a brand. we are licensing our name. that is what we do. dennis: were you affected when the reactors ended up with hiv in the last three weeks? >> that story is way out of control.
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they did not contract hiv in the business and they did not transmit hiv in the business. the story has taken on a life of its own. dennis: we do that. thank you. we appreciate your time. good luck with the move into the clubs. good day. >> thank you. cheryl: it is back. the fox business all-star showdown. who's six perform the best. who will move on? >> i am scott martens. it will be an absolute treat to be robert luna in round two of the fox business all-star showdown. i am so confident that i will win that i will that to chicago
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style deep dish pizzas and maybe even deliver them myself. see you soon. >> this is robert luna. it is time to send you home. if i lose, i will send you a dozen tamales from right here in arizona. cheryl: it is always about the food. they are always betting food. tablet sales set to outpace computer sales for the first time ever. dennis: tina brown is out at the daily beast. can they survive without her? that is ahead in my media minute. ♪ [ male announcer ] how do you get your boce?
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♪ >> i am tracy byrnes with your fox business brief. plans for an ipo up to $1.25 billion. taken private by blackstone group. they all more than 4000 hotels and resorts. generation x. not spending enough on life insurance. americans born from 1965-1976 reported life insurance needs are more than their current coverage. they also found 20% at zero life
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the walls. they put pictures of their employees. this is one of the bigger buildings down town. he actually looked at this building. >> we are always competing for space around here. liz: we just talked about unbelievable numbers. in the last 24 hours, one of your biggest supporters, made this wild announcement yesterday saying you guys now have 85 billion users on your magazine app. >> that is right. it has been amazing. we have 20 oh allowing anyone to make a magazine. that has driven our growth
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massively. liz: more and more people are able to read their work thanks to you guys. you have since burst at the seams. you are spreading out to other little buildings and locations. >> for buildings right now. we have a little minicamp this that is starting to happen. we have to run between buildings. >> what has been the most important development? >> we have allowed anyone to make a magazine. everyone is making them now. we have a lot of our publishing partners making magazines. fox business news is now a
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partner. liz: let's show the app right now. for those of you that are not yet on this, you want to know the aggregated best articles of all your interests. >> this is one where, you know, a woman named vicki is making a magazine all about touchdowns. you can flip through this. it is these really cool touchdowns that have happened. we have a 9/11 memorial foundation that created a magazine. liz: i write business about lifestyle, top news and the best articles are aggregated. you do not have to go through
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everything. your expansion in asia. tell us about that. >> 20% of our users are in asia. china, japan, it has been a big aspect. liz: it is so great to see it. we watched it when you guys were the little guys. 85 million confirmed right here on fox business. great to see you again. when we come back in the next hour, one of the hottest startups here. a wikipedia for co-sharing. we have the ceo coming up in just an hour. a very important issue. we have elon musk. we are going to have a talkback where he is live. he is talking tesla and spacex and so much more. back to you.
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dennis: thank you, liz claman. cheryl: stocks now. it is today just a blitz? are you worried about it? >> markets have rallied eight out of the last ten days. the volatility is actually somewhat subdued. you know, seeing a little bit of weakness and materials today. otherwise, not a whole lot of action in stocks. we saw signs of no tapering, that could be a real scare for stocks. typically, we do see volume suppressed by this amount. this is normal. cheryl: thank you, mark. >> my pleasure. ♪
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dennis: superstar editor tina brown is out at the daily beast. wildebeest survive without her? the guy behind her exit -- she is forming her own media company. a brilliant idea generator. she also can be too creative to the point of disruption and missed deadlines. that is why some argue the beast naysayer better without her. sons of anarchy off to a roaring start. the broadcaster still wins. here is the thing, advertisers pay to reach adults under age 50. sons of anarchy got almost 4 billion. cheryl, that shows you how tough
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the broadcasters have it. cheryl: guilty of tuning into sons of anarchy because of the 50 shades of gray thing. oh, man. anti-fracking legislation passed in one west coast state. we will have that coming up in the west coast minute. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live winars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. 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,
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cheryl: the city council approved the runway expansion. they say it will help use airplane congestion. residence near the airport are fighting against that plan. claiming to be the number one state in the nation when it comes to foreclosures. beating out florida. nevada has been picking up. wealthy investors are looking to other states. that is your west coast minute. dennis: what is bugging me? the rise of the rich. is that what is making more people poor? >> they thrive on making poor people fearful.
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de blasio sounds like our president of the united states. wealthy people create jobs, opportunity and dynamic environments. liberal create dependency, despair and mediocrity steve. cheryl: the day lehman brothers filed for bankruptcy. fox business will be taking a look back at that day with some of the key players that were in the white house. we will also look how far we have come. a special edition right now on fox business. a recess may be canceled to work on the budget as president obama turns his issues back here at home. cheryl: money for nothing.
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a documentary about the fed. charlie gasparino's interview coming up in the next hour of markets now. ♪ without the thinking that makes it real? what's a vision without the expertise to execute it... and the financing toake it grow? whatever your goal, it can change more than your business. it can change the future. that's why, at barclays, our ambition is to always realize yours.
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if your bank doesn't think you're special anymore, you need an ally. ally bank. your money needs an ally. >> i am lori rothman. septemberfáxd rolls wended after triple digit gains. the dow, s&pñi andjf nasdaq all strugglingr alive. commissioner of the seclpq meane wants answers. meeting with stockñr exchange heads the many an explanation of the massive interruption of ÷-c talks a couple of weeks ago. fromxdñi russia with no love.xd pushing is around again, this time takingjf a page directly to the americane1fájfñiñiv why he thinks american exceptionalism is jutpmqá"ti qpn syria.v
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and the hubris of the fed, that is the crux of a new film about federalñi reserve which set his äs9i%át long-term health of ourq country fore1 short-term easy money. let's head to the new york steak exchange.r snapping three straightñr gamesp nicole: that has a price they overbought market with three straight days of gains. over 400i] points.
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