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.

facebook is at new highs, and pandora. there are little pieces of news, but the big picture is where taking a breather after a great run. back to you. lori: nothing to get nervous about, at least for today. directing your attention to breaking news. a recess may be canceled. the latest as congress considers action on the budget. rich: good afternoon. house republicans have delayed voting on a temporary spending measure. republican leaders trying to come together with a bill that funds the government and satisfies republicans funding obamacare. members may be in washington for the last week of the month. supposed to be on recess. members are advised pending

ongoing discussions of the continuing resolution of the house may need to be in session during the week of september 23 and possibly into the weekend. an acknowledgment negotiations may come down to the deadline. congress has a tight schedule and even if washington avoids a government shutdown on octobe october 1, midway through next line the treasury department says the u.s. will breach its debt limit. >> there is all this speculation about these deadlines that are coming up. i am well aware of the deadlines. so we are working with our colleagues. rich: still no way forward. speaker john boehner pointed out they used the debt limit over the past 30 years to address growing deficits. treasury officials say the difference this time was lawmakers are actually threatening a default. back to you. speak to a lot of work to get done.

thank you for that. sec director too many answers on nasdaq flash freeze today. she meets with the heads of u.s. exchanges. peter barnes on this story joining us from inside sec with the latest. peter: that's meeting just broke up and we expecting a statement from chair on her meeting from a dozen ceos and executives from the nations major stock exchanges. she called this meeting to try to get them to discuss about how to fix and prevent trading problems caused by problems with computer technology and software that we have been seeing lately. latest episode with that glitch in the nasdaq trading on augus august 22 when the trading being shut down for three hours affecting trading in some 3000 or so nasdaq stocks. nasdaq fix the problem and

announced a bunch of new steps to prevent another trading glitch and technology problems in the future. so what mary jo white wanted to do today was get the exchanges together to talk about this issue because they have all had these kind of problems experienced these kind of problems in recent years. you can remember the flash crash in 2010. one industry official says some of the proposals on the table today including a kill switch that would stop trading if a technology problem arose or just shut trading down. there is also calls for uniform testing standards and computers. some of the executives who met with mary jo white today include duncan later our of the new york stock exchange. bill o'brien of direct edge. here is what one investment manager says he wants regulators to do. >> we probably need some sort of

uniform regulation as to how we react to various technological problems. what do we do if the exchanges cannot communicate, what do we deal with if one system goes down but another doesn't. it needs to be a more detailed and uniformed game plan to how we react to that. >> we're expecting follow-up meetings with the sec and industry officials after today's meeting. back to you. lori: thank you, peter barnes. this is your kill switch for now. one company will longer to traded on a outlook exchange is dell. adam shapiro has latest developments. adam. adam: the buyout michael dell takes his company private is expected to be completed by the third quarter of dell's fiscal year 2014 year. you have a look at what kind of company this will be going

forward. in a conference call with analysts he did not have much to say, but h his cfo did. as they focus on enterprise solutions contemplating on cloud services and data as well as the tablet for the chinese market, he was asked about potential layoffs. this is a firm that employs 110,000 people and when asked specifically of how the new company will look and how it will be structured, will there be layoffs he says we will continue to balance, there are clearly places where we will realign resources around growth opportunities. they see the growth opportunities in enterprise solutions. accounting for 39% of its revenue in just the last earnings report so that is where the company is moving. even talking about the strategy being the middle of executing that strategy to go into a prize solutions leave what we know the company as pc in its past.

still the number two pc maker in the united states by market share. back to you. lori: thanks, adam shapiro bid the latest crop report jolt in the commodities market believe it or not. jeff flock in the pits of the cme with trading reaction. jeff: on the edge of the corn options market. scott, what happened, take a look at the number. there is a lot more than we thought. >> that is not what we expected. it surprised the market. we would be down by a lot more except we saw the names, but i don't believe that number. jeff: the yield up despite all of the drought stuff up. >> we were trimming the yield at the production and it did not come in that way. jeff: pretty much in line with expectations. >> it was my only in-line but not mildly bullish.

they are trading that way because short-term in the market they still don't believe that number. jeff: there's still lots to come. >> it will not give us the 30 we need in the bean market. jeff: we have to watch for the early frost. still to be determined what the bean harvest will be. lori: know you have your finger on the bean harvest report as well. thank you so much. we are all over the place, very busy news day we shift from crops now to the outrage over the russian president vladimir putin taking "the new york times" to argue against u.s. intervention in syria. already initiating a variety of responses from washington including from speaker john boehner who said he was "insulted." joining us now with reaction from the white house, molly

hamburg. >> this to official statement from the white house, but one official told fox vladimir putin, his credibility is on the line with the russia proposal syria could turn over the chemical weapons to the u.n. for the weapons to be destroyed. here's what the president said about all of that earlier today. >> i am hopeful the discussions that secretary john kerry has with foreign minister as well as some of the other players in this can yield a concrete result. i know that he is currently working very hard over the next several days to see what the possibilities are there. >> meanwhile putin lectured the u.s. about a possible military strike saying it would lead to a new wave of terrorism and criticize president obama's speech tuesday night. writing i carefully study has hs

address to the nation on tuesday and i would rather disagree with the casey made on american exceptionalism stating the u.s. policy is what makes america different, what makes us exceptional. it extremity and rich to encourage people see themselves as exceptional, whatever the motivation. here is more. >> to assert anybody in any regime within the syrian regime is responsible is really ridiculous. >> president obama did not comment today. he had some questions shouted at him but he did not comment. we will have a white house briefing later this hour and you can believe he will get a lot of comments about that op-ed. >> that is an understatement of what is going on, how they are handling the situation. it is just the faulty into and confusion. thank you for that report.

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lori: live look outside of our studios at midtown manhattan for all this and it turned dark and stormy here in the city but charles payne joins us to really make it rain. raining money. charles: you and i have talked about this before. these are my notes on the napkin. lori: are you sure we are not at a bar? charles: i keep on looking at the last quarter, sales up 8%,

5%. this is such a global story. you like the flagship store. lori: it is classic. but you actually see a problem with it. charles: i do. but no problem around the world. it was mostly china. japan up 7%, same-store sales up. in japan the company has always been located there. they had one hong kong, one in italy and one in mexico. truly a global play. margins are up. now in the last recent weeks eight insider buys. 3.4 million shares of this stock. i am telling you right now the market are expanding. execution has been spotty. i think this is a $100 stock. lori: you think of competitors we go back to how useful the p/e is. who competes against tiffany?

it stands alone in some respects. charles: that is why it is such an amazing global play. they want american symbols of wealth. they love america, they love our stuff. last quarter they didn't open a store in boulder, colorado. they go to hong kong, that is where the growth is. lori: so it is about higher end diamonds or the sterling silver? charles: around the world i you can see the same-store sales are up huge. i don't think it will change anytime soon. japan, the exchanging of the engagement rings is higher than it is in america percentagewise. lori: thank you, charles. i love it when you talk diamonds. blessed updated on the market. 15 minutes since we checked in on the floor of the new york stock exchange. he wants to show us shares of apple.

nicole: it was the long-awaited september 10 announcement of the new iphone. there was a point where it was not cheap enough, the cheaper models not cheap enough to gain traction, announcing anything pertaining to china mobile. the big news we continue to follow now is carl icahn. him saying that owning apple at these levels is a no-brainer. he said he talked to tim cook telling tim cook to do more with all the money sitting on the balance sheet obviously buybacks may be in the future. he did not micromanage anything pertaining to the launch, have to tell you that. lori: thank you, nicole, for that report. we will see you in 15 minutes. the federal reserve strung up like a piñata. that is the just of a new documentary about the feds 100 year existence. an exclusive preview just ahead. did retailers get schooled this

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lori: kids are back to school, thank goodness. back-to-school shopping along with it coming to a close my next guest says it holds important clues about the holiday spending season. including signs traditional holidays like black friday may soon be a thing of the past. gm global research for experian tracking all things retail. great to see you. >> thank you for having me. lori: we're looking at a possible and to black friday in the near future? >> i think we're seeing the eventual extinction of black friday. what we are seeing in our data is retailers are changing, the consumer searching for the deal relentlessly searching for that deal. i feel old when i say that phrase, but talking eight years ago there were only two days during the year you could get a great discount on retail. black friday and the day after christmas. now we have black friday, cyber monday, super saturday, we have

consumer searching as early as right now for the best possible price. lori: retailers must know that. kmart already out with holiday ads we had granted it is for layaway plans, but it is september. is that part of that trend? >> it is part of the trend. that particular selling season which is just ending now is probably the best prognostic indicator of what is going to happen this coming season. looking at that and what is happening with traffic, what we're seeing is for the month of august for example an increase in traffic over the previous year or two of about 15%. along with that what we are also seeing is an increase confidence on behalf of the consumer. specifically digital consumers

are telling us they are more confident now than they were prior to the recession. that sounds all positive, but what we have to weigh when we look at tomorrow's retail number is that when we look at search term data, the most valuable thing we can look at for what consumers are thinking about getting you the holiday season, they are continually containing more and more terms that we consider value qualifiers. lori: i don't have a whole lot of time, i really want to narrow this down. for my investors, who are the winners, who are the losers? it is indicative of the holiday sales season, what stocks might recommend on this data to investors looking for winners that should do well through the season. >> one would be walmart, their terms showed up in most of the back-to-school searches looking

in the back-to-school season. top 10 they had three of the top terms. jcpenney abandoning the low price will serve them well this coming holiday season. approach the holidays i look to those consumers that are least interested in discounts. younger consumers and retailers that serve those younger consumers are probably going to be the place i look to those retailers that will be immune to some of the shrinking margins we should see as consumers search for the steep discounts. lori: are the best deals earlier in a season or later, the last-minute shopper? >> we expect the large ticket purchases some of those discounts are going to happen immediately after the holiday season. we expect some of those things like large televisions happening just past january. lori: thank you so much. >> thank you. lori: money for nothing. and new film all about the federal reserve.

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everybody has different ideas, goals, appetite for risk. you can't say 'one size fits all'. it doesn't. that's crazy. we're all totally different. ishares core. find out why 9 out of 10your large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. lori: time for stocks now as we do every 15 minutes. let's head to the floor of the new york stock exchange. nicole petallides of course standing by for us. nicole, worth to mention that the dow is approaching positive territory, a couple points lower still. we were higher early in the session. a lot of strength in the market. you want to look at to earnings

losers as well. >> we had back and forth action. we're a hair away. down five points. that is really a fractional move. we're looking at retailers moveing a little more dramatically, in this case to the downside, with lululemon down 4% and mens warehouse down 11% today. both names talk about their quarterly earnings missed. outlook is weak. lulu, don't forget, has a problem with the too sheer pants. had a recall. put them back out. still on search for a ceo. higher costs that they noted. they also face intense competition. so lowering their numbers. then men's warehouse talk about the fact they had someone-time charges. change in what they're doing with tuxedos. they're to the downside by 11%. cutting full year view. what retailers are under pressure. lori: mens warehouse could use a break. thanks, nicole. how much do people really no

about america's central bank and its impact on the economy? it has been around 100 years but there is a great deal of secrecy surrounding it. there is new film, "money for nothing" seems to talk about the industry. the director joins charlie gasparino to a sneak-peek. >> i predicted i would walk out of the movie in five minutes, i stayed until the very end. congratulations. you won me over. i thought it was fascinateing. >> thank you, charlie. >> the big question, why do a documentary on the fed? i know it is important. people in this building is important. the general public, their eyes start to gloss over? >> to me, that is the point, the point of the film to reach tout to a broader audience to let them know the fed has a huge impact on our economy, our society, some degree on their lifts and tell that story and make people realize they have a stake in what the fed was doing and they can have a say, an opinion. >> fed had a huge impact we're

in the five-year anniversary of the financial crisis something i covered pretty intently. what is interesting about the filmings, go through monetary policy, last 30 years, it is historical and went back farther and last three fed chairman the last 30 years which played a pivotal role what happened in 2008. we started with paul volcker, we moved to alan greenspan and ben bernanke about to step down. what i found interesting, volcker was the good guy, right? white knight tamed inflation. you gave him very high marks. you eviscerated alan greenspan, eviscerated him. >> give him credit for a good stuff early in the career and tough run at the end. >> for 30 seconds, relatively 30 seconds. i think it is fair to say bernanke the jury is still out, is that fair? >> my concern bernanke may be pause as moment as hero which i think is rightly deserved in the depths of the crisis, he was the

only hero. >> they pumped tons of money. >> he stopped the crisis. >> he is a student of the great depression. >> absolutely. >> you kind of knew he was not going to allow monetary policy to impede something going, getting stock market that was down to six, went up to 15. >> the fed stepped in, stopped the crisis. played an important role. we give him credit for that. i worried about when greenspan retired he was viewed as hero in 2006. only one or two years later that the cracks began surface and people realize he led us into a bad situation. >> easy money creates all sorts of distortion. we never had easier money, qe 10. >> yeah. >> i think it is somewhat simplistic to blame the whole enchilada, 2008, on the fed. you didn't give much credit or discredit to fannie and freddie. to expansionist housing policy both under bill clinton and president george bush. >> absolutely. that is something we hear and

the problem is, the film is 100 minutes long. it is about 100 years of fed history. we focus on the fed. the film, if it seems like the story is all about the fed that is because that's what this film is. >> right. >> we try to touch on some of those other factors, purposely, we focus on what, were fed policies doing in 2000 two, and 3 and 4. i think you could argue they were fueling rising asset prices. even today in 2012, ben bernanke says lowering interest rates will raise house prices. he doesn't say that what happened in 2002, 3 and 4. >> you were tough on president george w. bush. i don't find it intellectually dishonest, issue i had with the film, george bush is a walking sound bite, mall la prop, it is easy to make fun of him, reality, deregulation that you can rightly point to as causing the financial crisis really happened under bill clinton. end of glass-steagall occurred

under bill clinton. expansion of fannie and freddie continued through george bush. andrew cuomo, hud secretary henry cisneros expanded might tilly. >> absolutely. the problem with the film we're dealing with the fed relating to the stock bubble in the '90s when clinton was in office. we touch on deregulation in the '90s, identify it as such. >> right. >> in the case of bush he has unfortunate position being president during the bulge of housing bubble. >> good sound bite. >> ownership society. we have barney frank in there. we try to cover our bases. to me it wasn't a partisan thing. both sides of the aisle were very integral into supporting housing prices. >> did volcker see the movie. >> paul volcker, saw the film and his wife who is secretary said it was wonderful. that was great to hear. >> greenspan? >> no reply yet. i'm not sure i will hear. >> did you reach out to him. >> i reached out both to

greenspan and bernanke for interviews and was declined. >> bernanke, did he, did he reach out? has he seen it? >> i don't know. i know a lot of people at the fed have seen the film. so i would assume he's, definitely heard about it. whether he has seen it or not i don't know. i'm not sure i will. >> what's their takeaway, people at fed. >> people in the film commented that they might think it is a little critical in someplaces. >> a little critical? >> a little too critical. some. people in the fed are critics themselves. charlie prosser. >> peter fisher to a certain extent. >> some of the fed officials are critical of these policies. even janet yellen was critical of some of the policies. >> wouldn't janet yellen, this is where i think you messed up a little bit it is a great film. i'm being a pain in the rear. janet yellen would have done everything bernanke and greenspan did on steroids. if you know her policy. >> i do think janet differs a

bit, in the film she mentions this idea that the best thing you could do is clean up a bubble afterwards. you don't want to resist it. i don't know she was necessarily in that camp at the time. she talks about it as something, that was very much the greenspan and actually bernanke as an academic in 1999 made the case for that. that you don't go after bubbles. you let them pop and clean up the mess. >> you don't think she was in favor of that? >> i think she was in favor of it but not, she wasn't necessarily fully in that camp. >> okay. >> i don't think she was a big, anti-person. >> all right. we'll have to leave it there. thank you. great documentary. go out and see it. i was just raising quibbles. >> thank you so much, charlie. >> okay. lori: raising quibbles? he is a pain in the rear. i'm so glad you shared that with others. thanks. interesting discussion check out the documentary. all right. 12.50 an hour. wal-mart says the living wage debate dead on arrival in our nation's capitol next. techcrunch called, it is the

best overall startup last year. ahead liz claman finds out why with the cofounder and ceo of the hub. ♪ ♪ 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. ♪

>> i'm jo ling kent with your fox business brief. wal-mart says it plans to open new stores in washington, d.c. and their plans are back on now

that mayor vincent gray vetoed the large retailer accountability act. the bill would have required wal-mart and other large retailers to pay employees at least $12.50 an hour. d.c.'s minimum wage is currently $8.25 an hour. tablet sales will edge out pcs for the first time ever in the fourth quarter. idc predicts 81.1 million tablets will be shipped, more than the projected 83.1 million computers. hilton worldwide filed plans for an ipo of up to $1.25 billion the hotel chain was taken private by blackstone group for 26 billion. they own 2,000 hotels in more than 90 countrieses. that is the latest from fox business, giving you the power to prosper.

lori: breaking news. take a look at shares of disney. a huge pop on word that chief

financial officer jay rusillo, disney intends to significantly increase the share buyback next year. that of course will inflate the stock price. the stock buyback will probably happen in the 6 billion to $8 billion range. that has shares up more than 2%. trading 65.80. meantime the term repo takes a on different meaning. reciprocity or big chunk of software. entire new dictionary of new words by one of the hardest startups in silicon valley. it is day three of the sixth annual "3 days in the valley." liz claman is here to translate for us. liz? liz: lori, i have to pork a repo on github. what did i say? this is open source sharing port github.

we're in the here with the ceo, tom preston warner, distinction to have most first round funding ever, from kleiner perkins that would be $100 million. what have you done with the money before we get to what your company does? >> we have a lot of users. we're growing really, really fast. we want to make it easy for people to work together on software projects n order to do that we have to keep innovatings research and development projects and a lot of work entering the enterprise market. liz: with the lexicon we don't understand, github is fascinating nothing that happens in silicon valley without code writers. our website allows people to write code, others to weigh in and alter it, make it better? >> that's right. liz: what is the advantage of open source? >> open source drives a lot of innovation in business. instead of building everything yourself like you used to you can start a with base layer of technology you want to build.

you don't have to reinvent the wheel all the time. liz: almost like two heads are better than one and 12 other people weigh in you may get some great ideas. >> exactly. like electricity of today's business. you wouldn't start a business without buying electricity. same way you wouldn't want to start a business today without leveraging open source. liz: liz: one of the top venture capital firm, kleiner perkins, you're so interesting to us we'll give you $100 million to grow your company what kind of pressure does that put on you? >> it's a lot of pressure but that is pressure scher we need to sell and enterprise markets is expensive. liz: don't make mistakes of the dot-com bubble and spend money on the foosball area and free food. you want the culture of the valley. you guys built, at a fair price they say, this area that looks like the oval office in your office? >> that's correct. what we're concentrating on with the office, makeing a place people come visit us so we can work together with them in the physical space.

the oval office is reception area. we're trying to curate and craft the area. liz: is what i want people on fox business to see. you worked at other companies. you don't like the hierarchy. manager is a bad word. nobody has titles but you're ceo. >> that's correct. we are use titles when we interface with the outside world. internally it is about leadership. about leaders arising naturally via work they do and trust they gain with fellow coworkers. liz: after the money came in you guys were valued something like $750 million a billion is right around the corner. we're thinking ipo at some point? >> it is possible. you know we don't really think about that. we think about four million users we have. we think about the eight million repositories and developers, designers and business people remarking would on to make their lives together. liz: finally as we wrap up. they have the coolest t-shirt in the valley. they have their logo which is the octo cat. very cute. it is all about the sort of the

excitement here in silicon valley. github is perfect example. tom, thank you so much. >> thank you so much, liz. great to be here. liz: lori is this brainiac stuff like these companies and jive which went public. back to you. lori: only you can bring it to us. thanks so much, liz. keep it here on fox business. on county down to the closing bell, on "after the bell", 4:00 p.m., liz has exclusive with tesla ceo elon musk. that will be a good one only here or fox business. draw your attention to the shares and news we brought you a few moment ago. disney's chief financial officer said it will significantly increase buyback programs. according to reuters that buyback will be in the range of 6 to $8 billion. investors sure liked the news. bidding up shares of walt disney to 65.70. the news is helping to lift the dow which returned to positive territory albeit very slightly.

index is flat at the moment. mark newton is standing by for us. wonder if you comment why a company like disney would initiate a buyback this large with this market climate? >> tough to know. all companies have different reasons why they initiate buybacks at certain stages but it is fairly significant though. you see the stock has popped quite significantly last half an hour. $2.05 here. between 6 and 8 billion is what they're saying we'll see if indeed that is the case. market so far we're trying to consolidate gains. we're up eight out of last 10 days, 3% since the end of august. amazingly enough we're coming into next week's fed meeting which is one of the more important fed meetings so far this year, historically very little signs of fear. the vix has been down 27% over last seven trading days. put to call is lower as well. right now -- lori: could all the momentum come to a screeching halt, mark, if the fed announces tapering and it is larger than what the street is expecting right now? >> i think that is absolutely

right. i think people are incredibly complacent. the market priced in a 10 to $15 billion taper, between 60 and 70, down from 85. if it is larger, the market might be quite surprised by that if they announced it would draw everything down potentially in next 12 months that would be a shock to the market. if they decided the economic data isn't strong enough or we won't do anything, that also would be something of a concern to the market at this stage. lori: mark newton. thank you. initial jobless claims, two states didn't report because of computer glitches. that data isn't reliable. we'll see you soon. >> sure. lori: wallet check, your iphone. if they're lost, our next guest can help you find it. in fact his idea is gaining so much support you may never lose anything else ever again. i don't buy it. maybe he will convince me. ♪ opening the capital one purchase eraser?

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lori: back to our breaking story here, disney cfo is saying disney intends to significantly increase its share buyback this year and it's a whopper. he says it will probably be in the 6 tobillion dollars range. shares soaring on the news -- 6 to $8 billion. dennis kneale. he interviewed ceo bob iger a few weeks ago. is this trying to make up for "the lone ranger" box office flop. >> this is big bullish bet on disney on future of its stock price. sometimes companies make mistake of buying too high. netflix bought $200 a share. they fell to 70. now they're back at 300. disney's stock is up almost 30% this year. trading 66, up 3%. do you buy here? disney deciding we're buying shares now because over the next year our shares could be going

even higher what is kind of indicates. bob iger is borrowing a page from mentors murphy and burke from cap cities abc. tom murphy big fan of buying own stock. races stock price. races earnings per share. iger makeing a big move. 6 to 8 billion is huge. a billion dollars is considered large. lori: thank you, dennis. crowd funding you heard the firm. way for small tech startups to raise cash. my next guest started the most successful crowd funding to market. tile is basically a bluetooth device about the third of a size of a credit card that helps you track lost items via app. we have the cofounder and ceo, nick evans. great to see you. >> thanks for having me on. lori: why were you able to raise so much money through crowd funding? >> first we're not the most successful crowd funding campaign ever. that title goes to pebble. we're the most successful

self-starting campaign ever. one of the biggest reasons we were able to raise so much money, this is something many, many people need. one of the hardest things to do for a startup is build a product people actually need. so we're able to find a really large market and able to putting is together that really resonated with people. one thing we found too, it is really important to have something really well-designed and is something that people want to put on their stuff every day. hang off the side of the purse. >> crowd fundings, we're short on time. i apologize to that. we'll get you back. >> sure. lori: all goes to the strategy of preretail. you can almost seal out the market ahead of time before you bring your product to market. because you have success with crowd fundings and a such a tech heavyweight preorder, the tile product, right, what sort of, information did that give you in terms of how much confidence and demand would be for this tile product? >> yeah. so crowd funding has a huge advantage of course. so you don't end up spending so

much time building a product that you then realize nobody wants. so of course now we not only are people not only, have they already preordered these, once we bring it to market, there will be many, many more orders that we've seen. very confident. lori: thanks so much. we'll see you soon. >> thank you. lori: even though he is shifting his priorities president obama's hopeful john kerry can reach a deal on syria's chemical weapons michael zing, former official at the national security council. he said vladmir putin's rhetoric could backfire and actually raise support for president obama here at home. he will join tracy byrnes and ashley webster here next on fox business. don't miss it. ♪

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tracy: welcome back. i'm tracy byrnes. ashley: and i'm ashley webster. syria on the backburner for now it appears. president obama now looking to focus on domestic issues includeing a potential government shut down if congress can not pass a spending bill. that may cause lawmakers to cancel an upcoming recess. god forbid. rich he had send with the latest from washington. tracy: vladmir putin taking his case directly to the american public with a op-ed in "the new york times." was it best course of action to push for diplomacy in syria? former national security council director michael singh says the plan could backfire and will prove to be a miscalculation. ashley: forget the nightmare. sail the high seas with money back guaranty. carnival cruise line taking chance with a new refund to get people back on board and

promises to be, hassle-free. tracy: i don't believe that. time for stocks. nicole pet the on the floor. hey, girl, what is going on? >> we snap ad winning streak for three days in a row for the dow jones industrials. the dow went into the green because of disney. back in the red. back to you. ashley: thanks, nicole. we have breaking news on the federal budget. straight to rich edson in washington. rich? >> ashley the government ran $148 billion in the red in august. 11 months into the 2013 fiscal year the federal government add the. feds ran 1.6 in august the deficit was only $191 billion. the congress figures out how to fund the government and raise the debt ceiling. government spending runs out at the end of the month. treasury says it hits the debt ceiling in middle of next month. we'll have more about that in 20 minutes. back to you. ashley: rich, thank you very

much. despite notable risks for the market including the fed's decision next week, oh by the way, my next guest says it is time to put the risk on and position for the long term. david steinberg, managing partner, dls capital management. david, thank you so much for being with us. let's get down to your strategy. what are you telling your clients? my goodness, we've had such an amazing bull market for years now. so is it too late to get a bit of this action? >> retail investors probably aren't even in. i've been coming and talking with you folks for a couple years. our position has been the same. buy markets, there is no value in the bond market. whether it goes up and down there is still no value at kind of levels you're seeing for yield. equity markets have been very reasonable last number of years and probably 14 or 15 times earnings they still earned bad. however within the major market indexes there is large bifurcation, staples, utilities, safe kind of stuff is far more, let's say fully valued than the

cyclicals and commodity-based companies that are really big. 30 or 40 year discounts where the s&p earnings are. finally the emerging markets which are probably as disliked as i've seen them over the years, probably represent the best long-term value based on per capita growth and demand for products and commodities so forth over the long run. >> interesting you mentioned commodities. they have had a rough go. if you want to talk about gold, down 18, 19% on the year. >> sure. ashley: how particular do you play the commodity sector? >> well gold, you know it's a financial commodity. it's a little bit different. it runs on sentiment. over the long run it correlates to money printing. although they printed a lot of money, there has been a big correction it will probably get back on track. for per capita demand in the emerging markets look at company companies like freeport or tech resources out of canada, which also has coal exposure, rio tinto, there's a number of large miners selling at large

discounts and i think if you can hold on to these things, they have big dividend yields to them. you believe in the developmental story overseas and emerging markets over time, get number one, real big value based on are with the u.s. markets are at and number two, you get that long-term growth and per capita demand. ashley: that's true. as the economy here and around the world improves so do those companies. what about tech, you like tech but what in particular? >> i like old tech. turn around at hewlett-packard. i've got a position also in micron technology. if you think about it at 15 years of deprivation of capital from semiconductors at least in the dram space, now you're down to three companies. fortunately for micron lot of good things fall into place. a large fire in hynix factory in china. only three manufacturers left and the dram prices are through the roof. that cop has a lot more to go. intel fill as space that is

expensive with good yield. old tech still has a long way to move from hire here. ashley: talking of which mike con at 52-week high. you still like it at this price? >> obviously less so. this company i've been in for a couple years now. you don't know how far the markets are going to take these things. it is still not an expensive company. it will have a lot of earnings momentum. it made an acquisition in japan which they paid diminimus amount of money more which is almost a freebie for them. they will get a lot of leverage and scale from. the company has a lot more in it to go. ashley: what about the fed? we mentioned that at the top. we have tapering, do you believe that is happening next week. even if it is a mini taper? what impact will that have on the market? >> fed got itself in a big box, okay? they have been printing money and absorbing budget deficits which you mentioned early in the show. that is not going to change. they cut back by 10 or

$15 billion that is a drop in the bucket next to $17 trillion in debt. over the long run they will have to be in there. unfortunately because they have been the biggest buyer of bond in the market they're not even an investor. so, you've seen them manuever, manipulate, control, the interest rate curve to try to drive the economy going forward, but that is at expense of literally printing money or counterfeiting it actually. we'll have to wait and see how much discount something taking place next week. ashley: very good. david steinberg, dls capital management. david, as always thanks for joining us. >> thank you. have a good day. tracy: now let's move on to the latest in syria. president obama is saying he is shifting his focus from syria to the budget, debt ceiling and all other domestic priorities here at home. this as secretary of state john kerry meets with his russian counterpart in geneva. hmmm. joining us former senior director of middle east affairs at the national security council michael singh. he is now at the washington institute. all right, sir, you like

everyone else woke up this morning and read this op-ed in "the new york times" of all places. what did you think? circumventing the white house and going right to the paper and the american people? >> well, i think it is probably something that will backfire on president putin. probably president putin's second gift to president obama this week. you look at this thing everything president putin says will smack people as, a, offensive, especially what he said about the end about american exceptionalism and b, just not true. russia has blocked, not facilitated diplomacy. russia is only asserting the syrian rebels used chemical weapons, not syrian regime. this shows russia is really not serious about a resolution either to the chemical weapons issue or the syrian conflict overall. tracy: i think it is really interesting though. we had colonel ollie north on this morning. he said, you trust putin as far as you could throw him.

the fact we're entertaining anything this man says is quite laughable of the how the heck do you get chemical weapons out when you're in the middle after war zone? >> it is wildly impractical proposal russia has made. you can already see, frankly it isn't going to come to fruition. there are big gaps between u.s. and russia. syria doesn't seem to be on board. they will sign the chemical conventions but won't disarm until the u.s. fills a range of conditions that assad is presenting. what it represents a lifeline for president obama who is facing this defeat on capitol hill, frankly a lifeline for many congressman who didn't want to have to vote no against president obama especially on democratic side. the question now will be where does president obama go from here? can he sort of pivot and turn this into something more successful for himself. tracy: i was talking to one of our producers early. expand the exceptionalism comement backfire on us? we're forced to prove we're

exceptional and now we have som? >> i don't think we have anything to prove. i don't think that will backfire on us. americans will read that and they will be repulsed as you have already seen with so many reactions. i think in a sort of strange way it will actually boost support for president obama and whatever he proposes next because of, of just the way that people won't like the russian president coming and, even if people disagree with president obama and didn't like his original proposal, they won't want to be seen as kind of in any way fill eighting themselves with the words of the russian president. tracy: what would happen, what would you do if you were sitting in his seat right now? do you think diplomacy will actually work? >> i don't think it will work but i think you have to go through these motions essentially. a, because you have no other choice. b, because you have to show that this is not a serious proposal that the russians ultimately can't make this work. that the syrians don't intend to make this work. frankly you have to try to use that to, number one, sort of fix

your own policy here in the united states because the white house still hass't come up with a credible or serious policy toward syria and get international and domestic support for that. that probably takes time one way or the other. you're probably looking relatively long process of white house trying to rebuild syria policy. tracy: kt mcfarland was on earlier. she said we ned energy plan. we get off energy dependence on foreign countries that that will fix the situation in second. do you agree. >> no, i don't. i understand where tkt is coming from. energy supplies are still set on the world market. that is highly dependent what happens in the middle east. our key allies are dependent tremendous energy consumption via imports. we won't be sort of free worry about energy if we produce entirely on our own, a prospect which is still a number of years away. tracy: it sure us unfortunately. michael singh of the washington

institute. thanks so much for sharing your thoughts. >> thank you. ashley: what was behind the "flash freeze"? the head of the sec, mary jo white, wants answers. did she get them? a meeting on this issue wrapped up during the hour. peter barnes from the sec headquarters with the very latest. tracy: third time is the charm at least for dell as it gets shareholder approval. at this time of day let's take a look how oil is trading. the dow is basically flat up three points. but oil up $1.17, $108.73 a barrel. we'll be right back. [ tires screech ]

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ashley: sec director mary jo white wants answers. will she get them? she met with the head of the u.s. exchanges today and talk about the nasdaq "flash freeze" and how to make trading as reliable and credible as possible. peter barnes is inside the sec with the very latest. peter? >> ashley, we've just gotten a statement from the chair of the sec, mary jo white on her meeting today with a dozen

exchanges officials and it is pretty tough on trying to make sure these technology glitches do not continue to happen. let me read you part of her statement. she says in short order i want those at the meeting with input of other market participants to identify a series of concrete measures designed to address specific areas where the robustness and resilience of market systems can be improved, including the systems that were at the core of last month's trading interruption the investing public deserves no less. she has five different things she wants from exchange and self-regulatory, and self-regulatory bodies like finra out of this meeting including providing comprehensive action plans to address standards necessary to establish strong systems, technology systems for securities data. to, second, to identify and provide assessments of the robustness and resilience of other critical infrastructure systems. and so on. so the exchanges have some work

to do here on this particular question. mary jo white met today, as i said with about a dozen exchange officials. they included bob greifeld of the nasdaq which had those problems back on august 22nd. duncan neiderauer of the new york stock exchange. bill o'brien of direct edge. joe routerman from bats. here is what one investment manager says hopes regulators will do. >> there needs to be a universal list of how we respond to technological outages because, i just don't think we're ever going to live in a world that is completely free of technological glitches. so when they do occur the important thing is that there be, to the extent possible, that there be a uniform response among all of the exchanges. >> and one wall street official told me that he expects

additional meetings, follow-up meetings after, on these issues after today's meeting with the sec chair. ashley, back to you. ashley: all right. they have been put on notice. peter barnes, thank you so much. appreciate it. >> you bet. tracy: well it is quarter after the hour. we have to get a check on stocks. nicole petallides on the floor of the exchange where we go every 15 minutes. we're seeing a nice pop in disney, right? although the dow just turned red. >> obviously disney is the story over the last half hour or so and that is because, chief financial officer announce ad buyback of roughly 6 to 8 billion. when you look at that see what they're planning to do, up to $8 billion in shares, that's a big deal. that's why you're seeing an intraday pop on disney. when i checked a short time ago, tracy and ashley, it was worth about 13 positive dow points. since the dow is only moving in a few point increments, that pushed dow from negative to positive territory. we'll see what the end of the day brings. why don't we talk about other

names, pandora and lulu? when you talk about pandora we're looking at a new high, 24.43 the company nameing a new ceo. brian mcandrews, will be chairman and ceo, used to work at microsoft. lululemon also looking for a new ceo by the way. lululemon weak outlook. still trying to real back from the problem with the see-through pants, unintentional see-through pants which they ha to recall and put out there. some intense competition. tracy: intentional or unintentional, see-through nevertheless. nicole petallides. see you in 15 minutes. ashley: we're calling it butt-gate. about the time dell shareholders approving 25 billion-dollar buyout deal from the company founder michael dell and investment firm silver lake partners. the offer received about 65% support will pay out dell stockholders 13.75 a share plus a special dividend of 13 cents a share. the vote had been repeatedly

delayed by billionaire investor carl icahn and his partner, southeastern asset management who were trying to make their own deal to buy the company. earlier this week icahn backed out saying his fight was impossible to win, he said. dell shares, they can't get flatter than that on the day. zero, zero. still at 13.85. tracy: looks like grass. they have to get the dude now, the kid back. ashley: dude, pull back the company. tracy: they can hire ash. straight ahead, lawmakers are on notice, they are recess at the end of the month could actually get canceled. say it isn't so. we head to washington for the latest on that. ashley: a new report ranks the u.s. as one of the top five economies in the world. you might be surprised who beat us out though. as we head out let's look at how the u.s. dollar is moving today. only the yen moving higher against the u.s. dollar.

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>> at 22 minutes past the hour i'm arthel neville with your fox news minute. trouble in colorado where flash flooding has killed at least three people. the high waters preventing search-and-rescue teams from

reaching stranded residents and motorists in boulder and nearby mountain communities. the floodwaters also triggered mudslides and have damaged or washed away three buildings in the mountains. damage from a wildfire in northern california continues to mount. officials say 68 homes have been destroyed, up from the earlier tally of 37. one person has been found dead in his mobile home that was destroyed by the fire. authorities say crews are making progress against the blaze. and, britain's prince william has ended his 7-year military career. he has been a search-and-rescue helicopter pilot with the royal air force. he will focus on his charity and royal duties as well as new role as father following the recent birth of prince george. those are the news headlines on the fox business network. get you back now to ashley. ashley: arthel, thank you very much. we appreciate that. we are following the latest developments in washington as house members have warned that a recess may be canceled. rich edson joins us with the

very latest on that story. rich. >> well, ashley, congress has until the end of the month to pass a spending bill. if not the government shuts down. the republican thought they had a solution. stopgap funding to mid-december an require the senate to vote to defund obamacare. growing republicans wanted a more than a senate vote. they wanted obamacare defunded or government shut down. with that the house leadership delayed the vote and put lawmakers on notice, they may cancel recess the last week of the month to work out this spending issue. >> a lot of discussions going on about how, about how to deal with the cr, and the issue of obamacare. so we're continuing to work with our members. >> we are here to do a job for the american people. and just because you're an antigovernment ideologue who has landed in congress doesn't mean that you should be shutting down government. >> if congress figures out

government funding, lawmakers have a few weeks to negotiate an increase in the debt limit. treasury says congress has until mid-october to raise the debt ceiling the administration says it refuses to negotiate. to that speaker boehner writes, president obama says he will oppose any effort this fall, by congress to attach spending cuts and reforms to a debt limit increase. but this stance puts the president at odds with the approach taken by his predecessors, democratic and republican alike. every major effort to deal with the deficit over the past 30 years has been died to the debt limit. this time should be no different treasury secretary jack lew says the difference this time is that lawmakers are actually threatening a default. back to you. ashley: rich edson, thanks so much. appreciate it. tracy: okay. so the world economic forum releasing its list of the top economies in the world for 2013. now they were looking at a combination of factors including countries institutions, their policies, productivity and now, you've been waiting, the top

five. the united states jumping two spots after sliding in the rankings for consecutive years. improving financial markets and strong university system helped us: the spot. number four, you know it, number three, finland. number two singapore. around the best economy in the world,. [drum roll] thank you for the the cymbal, ashley. switzerland and financial innovation and the blondes. ashley: chocolate is great. and yodlers. tracy: i would stick out on a sore thumb. marisa tomei and my cousin vin in? that would be me. ashley: like to see you echoing across the alps. tracy: coffee. ashley: imagine taking courses from a top level college for free? and from home? list claim in palo alto, california with one company that

offers just that. tracy: as we head out to break, let's look at some of today's winners and losers on the s&p 500. no surprise, walt disney sup there. nicole petallides is reporting on their share buyback. we'll be right back. 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 e snooze button?

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tracy: it is 90 minutes until nicole petallides on the floor.] nicole:jf back-and-forth actionn wall street.e1qr ains, but today a little bit ofe1 a breather on an overbought market. ñqdipì(lckit&c

back to you. tracy: we will see you in a bit. speeashley: how many of you didt get into sanford or yale? you can take the classe class iw thanks to this next company. the founder of a stud after the winning awards. >> right here, stanford reject. either way, we know how expensive education is and we know how annoying it is when you

don't get into the college of your choice. what you really want is the earliest of the professors and courses. when i discussemy next guest hag website where you can all these classes for free. how does it work? >> it offers courses. if you feel like taking a class at caltech, you're responsible for the lectures and videos. you can also do homework, get feedback on it. >> did you just say get to do homework? >> one of my joys in life. it is not just about watching, but doing, learning. liz: you're the director of stanford artificial lab. this is the heart of education

right here. by the way, we have to get it on your list, some diversity of california schools. midwestern schools, ohio state is one of the participants. do students who sign up get official credit in any way? >> when they finish it they can earn a certificate putting in their resume to get a job. liz: following this case of education, fox business has been first on the bandwagon when it comes to waving our arms about how expensive colleges and leaving everybody in debt. this is free, how do you do it, how do you convince professors at yale and princeton to give up the goods for free? >> we launched a technology that makes it possible. we want them to teach hundreds of thousands of students at a time. that's dramatically changes the dynamics.

liz: you can reach 100 students or you can reach hundreds of thousands, do their eyes light up? >> none of us just wind up in a job, we are passionate about the jobs we teach. most would jump in, yes, let's do this. this before you just when the world of economic forums technology award. congratulations. this is precisely the kind of company would like to look at but how do you make money? >> i want to keep it with most of the society don't even have a credit card. the courses are free, but we charge to be $50 for a certificate. by taking a picture on a webcam or using your rhythm how you type on your keyboard.

we verify who you are and we charge a modest fee for that. liz: the cofounder and co-ceo. i am going to take some business courses from stanford since i got rejected. thank you so much, we will follow the story. this is day three of three days in the valley, coming up our host, jive software. we have the ceo. they went public in a couple days ago. the growing pains, the joys of success are now in some a different companies around the world, they are business software for social media, a fascinating concept everybody wants in on. he says e-mail will be a thing of the past in the next five years. 4:00 p.m. eastern, tony stark, iron man. he is at a super special location. we're going to talk with him.

so much more plus his rocketship venture. we are watching it all right here. ashley: liz claman, thank you very much. tracy: we have some breaking news, oil up $1.04 at $108.60 per barrel. the gain of almost 1% marks the second straight day of gains for crude. this may be a small business but expanding its bottom line faster than a tko. the title of the boxing club to get behind this secret of the rapid growth. and a string of props. ashley: editor and chief of the daily news is out. she will join us with her next move coming up after the break. don't go away.

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currently $8.25 per hour. dehumidifiers are being recalled. they were manufactured by china's ge electronic appliances sold under 12 names. 46 fires, $2 million in property damage have been linked to these dehumidifiers. generation x in the middle agee apparently not spending enough on life insurance. americans born from 65-76 reported life insurance needs $449,000 more than their current coverage. that is the latest from the fox business network giving you the power to prosper.

ashley: now to our special series "small business, big ideas." today a fitness club with a punch. offering boxing and kickboxing group workout classes.

gone from 80-500 clubs in just about 18 months. joining us to explain why it is a big hit, john, that is the end of the punch. maybe not. so why has this become so popular? obviously don't see many fat boxes. how did you get into this? >> probably a couple of things. boxing in general has been around for hundreds of years. fitness has started to gravitate more toward group fitness as opposed to the one-on-one. going to the big box jim's and boxing has taken a resurgence over the last couple of years. ashley: as a member, what do i get? >> we are the nations largest. wwe're at 500 clubs.

it is 100% fitness, there is no fighting, so signature product is what we call a power hour. they are going to do 15 minutes of warm-up and then 83 minutes rounds of talks and heavy bags and the last 15 minutes is the core with the use of medicine balls. trainer lead. ashley: why franchising? how much does it cost to get in on this business? >> total boxing has changed so many lives. when the original founders started the business they were touched the lives they were changing so they wanted to expand it nationwide. franchising is the most proven business model. it is really a range of 187,000 to about 364,000. ashley: do you provide the building in which, the gym itself, or do they have to do

that? >> everything you need in the club, the training. ashley: how much is a membership? >> we have our title card, an annual membership, and that starts out $59 per month, unlimited classes and passport privileges to use any club in america. or if you want your local hometown club, that starts at $79 per month. ashley: how many employees do you have? >> nationwide 1300 employees and growing. today we awarded for more franchises, so 1300 franchises, every club will employ about 10 people to get started. ashley: do you provide the gloves? >> we provide the gloves. we have title boxing as a partner. they are the nations world's largest boxing apparel company.

ashley: if nothing else you can get a lot of aggression out. >> it really empowers people. ashley: congratulations to you, the timing for this is perfect, a lot of people getting into this and we wish you continued success. boxing club president. how about that. ashley: would you do it? tracy: i would totally do it because am chock-full of aggression. tina brown is out at "the daily beast." but will it survive without her? dennis: one of the few magazine editors to make the trapeze swing from print to online. renowned editor revived "vanity fair" and went on to shake up the new yorker created a buzz and network with "the daily beast."

brown says she is leaving to form her own conference event company. one source tells me she walked away without retaining any ownership in "the daily beast" at all. that has to hurt. they merged "the daily beast" losing $10 million per year with the dying "newsweek" magazine losing $30 million per year. tina brown had provocative covers. one story: barack obama the first gay president, another featuring a scary photo of michelle bachmann: her the queen of rage. the hope was that would wake up "newsweek" and "newsweek" list of advertisers would boost "the daily beast" but the cheap print publication of the end of last year and what is left of it has just been sold to a small outbid. a brilliant idea generator and a raft like cunning as her husband once told "60 minutes" but she can sometimes be too creative.

that is why some argue "the daily beast" could fare better without its talented creator. maybe, maybe not. she has rebounded from failure before. her talk magazine was a flop and she went on to create "the beast." my guess is tina brown will be back. tracy: she will. thank you. ashley: it is a quarter until the hour. let's head back down to the new york stock exchange where mark newton is standing by. a little flat today, but we have the august retail sales tomorrow which investors will be interested in and possibly the fed. >> the fed will be the main focus as you know following the german elections and from china after that. consolidating gains a bit. up 8 out of 10 days. not much volume, normally we see a 20% reduction in volume, but seeing a little bit of a rebound

in tech hardware. materials and financials, so it is difficult to power ahead when you don't have strength out of groups like the financials. a lot of those stocks have been hard-hit today. it has been down nearly all day. that is where a lot of people are watching a little volatility today. ashley: september traditionally not a great month for the market but has not been too bad. >> we have been up over 3%. typically down 0.9% for the month of september but september is not over just yet. people are little bit nonchalant going into next week. my thinking is it is probably right from a trading perspective early next week if you have good profits, take a wait and see. ashley: mark newton, thank you so much. tracy: ibm just one of many big

companies moving employees off of company plans and onto private exchanges. one company helping make that transition nice and easy. ashley: how about a hasslefree crews where you can still get a full refund. carnival cruise wants to make it that easy. the details straight ahead. but first, the day's winners and losers on the nasdaq. we will be right back.

tracy: ge, time warner and ibm are moving their retirees off of company run health plans to private exchanges.

bryce williams is the managing director joining us now. we have a lot of explaining to people first to do before we get into this and the affordable care act. first and foremost people that understand this has been going on since th the my physician act under president bush. that is when i started pushing people off onto these exchanges, right? >> that is right, tracy. this has nothing to do with obamacare. we are taking the medicare much station act of 2003 and the health reimbursement arrangement passed by treasury in 2002 making more efficient individual medicare market bringing the market to corporations who can get dollars and allow retirees to pick up buying power and select a plan they want. just a more efficient way for companies to buy retiree health care coverage. tracy: that is what time warner did.

allocating funds for special account saying to the retirees go shopping and find what you want. that is how it ended up at a company like yours, right? >> that is just the start. we educate retirees about what is available for them. on average spending 30 minutes researching and then they get their own appointment with the advisor and they can be walked through selecting the right plan for what doctors they want to access, what hospitals they use and very importantly any health conditions they are managing. it is important they help them take the right plan. the process the medical enrollment for them and so they can go back to doing what they are doing. tracy: you have been doing this for a while. we flashforward to obamacare. it will spend $67 million to get these out there.

and you are one of five one of e companies chosen to help people navigate through these exchanges. can you explain that to us? >> in addition to these people from 300 major corporations, companies have a lot of part-time workers and early retirees neither of whom have access to the group plan. this year for the first time we are pioneering the way to connect those companies early retirees and part-time workers to access the state exchange where they may be better value than trying to access the plan on the road. we are really excited about the potential of helping some of america's biggest companies help their part-time workers and early retirees. a lot of them don't have access to a group plan. tracy: you're going to see more and more people coming to you and the four other companies selected to be navigators because they need navigation through this. >> it won't just be us. each state has a huge budget to

sustain their own advisors and brokers. we see our first pass to help corporate america connect value. we primarily work with corporations but each state large call centers will be inundated with a lot of calls and it will be a very challenging first couple of weeks, we think they will make it through as we saw with 10 years ago it was rough at the start and made it through. ashley: your company is much like expedia. looking for a flight, you go and find the best price. thank you for taking the time. >> thank you for having me. ashley: carnival cruise lines announcannouncing a new guarante program allowing customers to end their crews early, receive 110% refund and a flight home if they are not happy with their vacation. following hype to file mishaps for the cruise line including

the trip on the triumph earlier this year. the program will be valid to locations to the u.s., mexico, canada and the caribbean's. you can hang out for a couple of days, say i hate it. tracy: i think it is genius. everybody will go do this now to try and get the freebie. ashley: you have to admire their effort to get people back. tracy: i think there are a ton. we will see. coming up on the "countdown to the closing bell," do you like to jive? odds are you probably already do or you are using jive software. like facebook for big companies. we will sit down with jive ceo tony zingale and talking to the founder and ceo of tesla motors and space ask. we will find out about his plans to supercharge stations all over

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♪ >> a special countdown to the closing bell with liz claman starts right now. liz: live from pay low alto, california. our third and final day. i am live at the headquarters of jive headquarters. we will meet the ceo and just a couple minutes. he will tell you why he has landed the biggest companies in the world for jive software. it makes companies weigh more