connell: a live rocket launch to wrap up your show. that is great. walgreens setting the stage for big corporations to follow. we will talk about starbucks. they preferred you leave your guns at home. do not bring them in the store. we will talk about just how much johnny mandell is really worth. we hear a lot about quantitative easing. more than 70% of americans still do not understand it. we are here to help out with that and everything else. that is this hour on markets now. ♪ dagen: that was in virginia.

where all the wild horses are. there you go. connell: okay. that was kind of cool. it is kind of amazing to watch it live. dagen: giving money to buy their own health insurance. requiring them to shop for coverage. with all employees eventually be on their own when it comes to buying health insurance?

welcome. good to see you. start with the last question first. how much of this shift -- with walgreens being one of the biggest to make it, is being driven by obamacare? >> a lot of employers are finding a better deal just to pay the mandate and not have to deal with the paperwork, costs and would how the logistics. dagen: basically, this is the equivalent of moving from

pensions to 401(k) plans. it is driven by choice. the burden will be on that individual. >> look, obamacare still provides this choice to employers about are you going to pay this fee or will you put people out there in the marketplace whether it is subsidized exchanges or not. companies like walgreens will have to be careful to make sure that they keep this 401(k) going off to cover the cost of the employees. the employees have to be smart shoppers. that can potentially help drive the cost down. dagen: you need good, if not great, information to be a

shopper. you just cannot get decent information. it is hard to compare one to another. are we all of a sudden going to have great information out there that we will be able to make smart decisions? >> i would not underestimate the american consumers. it may be a good business to go into right now. go into being some kind of health insurance broker to tell people what is the best chance for them. dagen: you have walgreens giving money to employees.

as a nation, will we be better off, in terms of our health and in terms of what we are paying for that? >> in some ways, it is too soon to tell. president obama kept saying, if you like your health care, it you can keep it. it seems pretty clear that we are not going in that direction. people will not be able to keep the health care that they have now. it will be something different. whether that is a good thing or not, that is too soon to tell. connell: apple rolling out a new system in the next couple of

months. let's go to nicole petallides at the new york stock exchange. nicole: it is said dave. we will get the new operating system from apple. the stock is up about 2%. the phones are coming out on friday. you can go to the store to buy either one. what is interesting is that experts have found that it is really working well. it is getting some good reviews. connell: all right, nicole, thanks. dagen: the scaling back of all the bond buying or quantitative

easing is expected to be announced. 73% of u.s. adults do not know the correct definition of quantitative easing. they were given multiple choice. they just needed to pick one out of five. connell: i did not think people would be able to do it on their own. >> it is hardly surprising. monetary policy is a hard thing carried out by the federal

reserve. most people do not understand it in ordinary times, let alone extraordinary times. connell: we do not use the term that much. dagen: showed individuals care more about federal reserve? what they have been doing and what they will do in the future? >> the fed will not raise interest rates anytime soon. it is too arcane. what matters is the mortgage interest rates that they want to purchase a house or refinance.

it has already happened in anticipation of the said cutting back on bond buying. it seems that a lot of the fallout has already taken place. connell: what do you anticipate from here on out? starting today? >> it will wind down. ending our bond buying is not the same as beginning our great increases. the fed clearly signal it does not intend to start raising rates until 2015. dagen: what about the average person? have they really benefited? has the average person really benefited from all of the stuff

the fed has been doing? >> is you were a borrower from a bank on credit card terms, they will be temporarily higher. a lot of those interest rates -- mortgages have been the big exception. connell: the question from the economy, broadly speaking, is it helps, it hurts, hits us hard? >> i do not think it gets us hard. the economy has been recovering. we still have these things in

place. if the next crisis, the next recession comes along and we are still fully maxed out, they do not have a response at that point. i think it is longer-term healthy. dagen: i like talking about monetary policy. connell: president obama meeting with the business roundtable. hoping together support. dagen: rich edson has the very latest on this meeting. rich: more talk from president obama.

>> what we now have is a ideological fight that has been mounted in the house of representatives. we will not pass a budget unless we repeal the affordable care act. we have not seen this in the past. rich: the response from john boehner's office saying no one is threatening to default. the president only uses these scare tactics to avoid having to show the courage needed to deal with our debt crisis. as the president began speaking, republicans were wrapping up a conference meeting at the house. they began to form their strategy for increasing their debt ceiling.

for a one-year debt limit increase, republicans will consider attaching a one-year obama delay tax reform instructions, approved the keystone pipeline spending cuts. obama says he refuses to negotiate. dagen: thank you so much. rich edson in washington. connell: the powerball could make you a multi- millionaire tonight. the author definitely not in your favor. dagen: breaking in a record amount. connell: you can bring your money into starbucks. believe it or not, leave your gun at home. ♪ [ woman ] if you have the audacity to believe

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nicole: folks are watching fedex very closely. they look to see whether or not it is shipping more. that would be a nice indicator. they changed the fleet around a little bit. overall, up 2.6%. a new high today, by the way. dagen: thank you. time to run out and buy your powerball ticket. the nation's fifth largest drawing. the winning are one and 175 million. i buy the scratch tickets. i may buy one on the way home. connell: if you win, it will

ruin your life. manchester united announcing it hauled in a record amount last fiscal year. it expects 650 million the current year. a lot of money for playing soccer. revenue jumped over 13%. you look at it year over year. even with these records, it is not the most valuable team we see in the world. look at those numbers. do not forget, they are publicly traded these days.

dagen: corporate america laying out just how much more top these negatives are getting paid compared to average workers. charles pena will bring us a stockholder's point of view on that. connell: starbucks asking customers to leave their guns at home. this company trying to remove themselves from the gun debate at the same time. the judge is coming in to talk about it. judge andrew napolitano. first, a look at currencies. double logo when we made our commitment to the gulf, bp had two big goals:

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♪ >> 23 minutes past the hour. i have your fox news minute. law enforcement officials have still not come up with a motive

for their shooting at the navy yard and washington, d.c. this shooting is raising questions about the adequacy of background checks done on contract employees. a massive search is on. a 14-year-old girl kidnapped from her home by robbers yesterday. the kidnappers have made a ransom demand. a candlelight vigil and prayer service was held last night at a local school. officials report that at least six weather-related death have happened in colorado. dagen: thank you. connell: time to make money with charles payne. when it comes to ceo pay -- dagen: quantitative easing and

regulations. connell: ceo pay could be good. can you believe this? make her eat her words. charles: we know the real deal. this is being pushed because we are entering that real serious season of politics. we hear how much the 1% made in 2012 versus everyone else. i think it will be very, very, i think it will make this even tougher. dagen: is this something for us to scream about or does it really matter? charles: it will be expensive. it will cost us.

there is no real help to the shareholders. if we do go through with that, at least be honest. dagen: would you rather a company be embarrassed and forced to have higher minimum wage? charles: let's talk about the ceo page. in 1980, the average ceo made 42 times what the average blue-collar worker made. a lot of that is total compensation. some of it is stocks. we are talking about an all-time high. i do not think that changes the dynamics. i think we are too focused on this and not focus on the real prize for america.

this is the stuff that makes mainstream angry, that makes people resentful. i think it has the exact opposite effect of encouragement. connell: we have been building up to this story about starbucks. telling customers to leave their guns at home. the judge will put it together for us in a few moments. dagen: we have been arguing about it. forget binge eating, what about binge tv watching? here are some numbers on the s&p. ♪

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how about no more surprises? now you can get all the online trading tools you need without any surprise fees. ♪ it's not rocket science. it's just common sense. from td ameritrade. connell: back here at the half hour. starbucks asking customers to leave their guns at home. we have brought in the judge. andrew napolitano will talk about that. johnny mandell, johnny football, amazing numbers for him coming up. the way more and more people are watching their favorite tv programs these days. all at once. binge viewing. dagen: it is why "breaking bad" became so popular.

nicole: we are taking a look at blackberry. there is a new smart phone coming out. right now the stock is up. $10.59. there were some people that were looking at blackberry. originally, it started to push the stock up. it has sent calm down. year to date, it is down about 10%. there is still a lot of nervousness. dagen: thank you. connell: a lot of people are talking about the starbucks story today. enjoy your coffee, but leave your gun at home. dagen: it did not go so far as

to out right then guns in starbucks. judge andrew napolitano joins us now. this is an issue we have been arguing about. i have been arguing with our stage manager this whole time. >> yes. josh, of course, needs to read the history of the second amendment. the second amendment only restrains the government from interfering with the right to keep and bear arms. just as you could invite me to a garden party to either of their homes and say keep your political mouth shut, you could

take me out. you may have a financial effect here. you will not have a legal effect. you will lose their business. you will lose the business of their friends, colleagues and supporters. connell: that is why i wondered why he would even want to get involved in something like this. however, it will be -- and i wonder what other companies will do. >> i think that these things happen after tragedies. we all witnessed the tragedy at the washington naval yard a

couple days ago. he is sort of saying, i would rather you did not. i will not stop you from doing so. dagen: it had to be a big enough issue for howard schultz to come out and make this statement. some customers being a little nervous when they see another customer openly caring a weapon in their stores.

>> the carrying of a weapon openly and notoriously and a starbucks store -- it would occur in states where the site of a gun on someone's belt is commonplace. whether it is starbucks or walmart or neiman marcus. i do not think that the location has anything to do it. i think it is a political and emotional reaction. dagen: i come from a long family

of gun owners. it throws me off a little bit. >> you can joke about it. you never know when the tragedy will come about. it is almost inconceivable until you realize the best trained firearms dealers in the country are not allowed to carry. connell: more on that. as we work through this -- thanks for this topic. dagen: it is more fun when you are here next to us. it is great to see you, nonetheless. you will not believe the magic

that johnny mandell has been working for his university. connell: we are now a society that bench watches. there is a lot of money to be made on this. dagen: walgreens is giving money to their employees and saying you have to now go buy your own health insurance. treasuries today ahead of the federal reserve decision. was it prefers that the jobs report came out about a week ago? it is at 2.88%. ♪ ♪

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quarter. phone companies ordered to turn over records. the government challenged that order. no comment yet from the phone company. that is the latest from the fox business network. giving you the power to prosper. ♪

connell: talking about money and sports. johnny mandell may not be getting paid. his school certainly is. $740 million in donations. it brings into the question the much debated topic. it is an old argument.

we go back to it. >> i think you pointing to mandell makes the discussion really pertinent and timely. the only freshman to ever win the heisman trophy. not really certain at all if he will be good enough because of his size to succeed in the nfl. a lot of his success at texas a and m will help the school for years. a lot of those donations will go into the renovation of the stadium. more seats, higher premium seats, more sponsorships. connell: the numbers on that are interesting.

we are looking how the donations stacked up. something like $246 million will go to that stadium. just to repeat your key point, if this was peyton manning at tennessee or any number of quarterbacks, mandell may not. it does not change the outcome in this. >> certainly. at least the players should get money from licensing and marketing. as you pointed out at the beginning of this segment, to a degree. going back to the passion of texas football, comparing them to texas university, last year texas and i'm finished ninth. that was their highest ranking since 1956.

now they are ranked tenth. they are ahead of texas and tcu. there is so much rivalry and passion about football in texas. they are better then the other colleges in texas. it is you. it is the jersey. a fair point about the licensing. great to see you, as always. thank you. dagen: the federal reserve decision is two hours and 15 minutes from now. what are they watching for? the markets have been very quiet and relaxed ahead of this decision. >> yes. very relaxed.

times are still weak right now. i would not make anything of where this market is trading right now. the real decision will be that if the fed will taper, we believe that will happen, but the complexion of the taper. dagen: thank you so much for that. wait and see. wait and see. thank you so much. connell: the u.s. dollar, it is under some pressure. sandra: another weak dollar scenario that we are getting today. you are getting a lot of speculation out there. the fed may be unwilling to trim any more than that 10 billion

mark. that is leading to speculation that we will see our currency devalued. right now, not pricing it anymore then 10 billion. if we do not get that taper, traders are already talking about the volatility. everything that trades here is marked and priced in u.s. dollars. you will get a sharp reaction across the board. oil prices are up about one dollar. you are getting a lot of volatility heading into this market. the euro, by the way, hitting its highest level in about 2.5 weeks. expect the euro to continue to rise against the u.s. dollar. i wanted to point out real quick, the ten year yield is up

for the first time in six trading days. the story has been that the guild has come off of the mark it hit back september 6. 2.87%. we are definitely getting trading down here. everyone is placing their bets. it is the calm before the storm. dagen: thank you so much, sandra. connell: we have this new study out. it shows that we watch our favorite tv shows online. we binge big time. dagen: i know people who have gone through the entire catalog of "breaking bad" in a couple of

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dagen: breaking news. the creator of beanie babies settling federal tax evasion charges today. he failed to report income that he earned in a secret offshore accounts he held in switzerland. he will pay $53.5 million to settle these charges. he has plenty of money to pay

up. he also come up by the way, owns the four seasons hotel here in new york city. rule is like $2.4 million. connell: if you cannot trust the head of beanie babies, who can you trust? call this a new addiction. we love watching our favorite tv shows. dagen: taking a peek at the work consumption. it looks like people cannot get enough. dennis: it is kind of neat stuff. a couple things, first of all, take a look at how much the online stream is actually

growing. netflix is of two almost 40% of homes. 90% of netflix viewers, when they watch one episode, they often watch more. when house of cards went up on that first day, 5% of viewers who watched the first episode had watched the third seed episode by the end of the weekend. that is huge. it is wonderful to know about the behavior in things like that. 30% now streaming. they watch tv on the ipad and tablets. 23% on smart phones. you see the laptop is kind of losing their. it is interesting for netflix. it says the show is worth a long

life. if more viewers are binging, they have a shorter life. they recently warned about this in the sec. this study makes you wonder when netflix has to take the hit. 45% of streaming subscribers say that they watch new shows, not the old stuff. should nielsen instead just be spending hundreds of millions on new stuff? connell: this big movement to watch "breaking bad." dennis: we are five seasons in. connell: he would be like everybody else. you netflix it and then catch up on the current season on itunes.

it just eats the purpose of the show. it is about the act and the exposition and the genius of it all. [laughter] connell: dennis and cheryl coming up that noon eastern. apple moments away from rolling out the new system. this is a need to know story. and a lot of people talking about the new phone and the new operating system. dagen: appears that the federal reserve will and the cheap money party. economic panel coming up with dennis and cheryl.

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dennis: it is fed day. cheryl: hello, the dow down 42 points as market participants away the fed's decision on capering. the question is by how much? $5 billion, $15 billion, possibly more. economic and all standing by with a cake and how to play with stocks targeting ben bernanke and company's decision. dennis: get ready to push the update button. apple moments from rolling out its latest operating system, i have never seen so much focus on this software. what you need to know on that upgrade and how your company's wi-fi system may get jammed.

cheryl: the only person that is going to wait for that upgrade. walgreen's joining other large u.s. companies shifting employees to government health care exchanges. there are investment plays behind the news. we will show and to you. dennis: we've begun, take a cappuccino with apologies to the godfather. how starbucks's dan bent will play on the stock price. cheryl: top of the hour, stocks every 15 minutes, nicole petallides on the floor of the stock exchange. investors on fed watch but it is more about apple, are you jumping into what we are here? nicole: there's a lot going on. getting in on this news. let's start with major market averages down 47 points after some gains, everyone waiting for the fed policy meeting to see what ben bernanke has to say pertaining to the economy and tabor and what is to come. the dow is down 1/3%.

apple apple apple, let's talk about apple. seems like a strange day when we don't. 46170, apple releasing only moments away the new operating system, 7. that is a big deal we are watching for apple coupled with the fact that on friday september 20th the new iphone is will be released, there are two kinds, the more affordable version and the version with a metal back that comes in gold and silver and the like and has fingerprint technology which has very positive comments that works every single time people have tried it and that is a big deal. dennis: thank you very much. we will be talking about the big upgrade, producing the ipad for the show and looking for the upgrade, i am hoping i don't find a list of home porn or something but it will be coming up later in the hour and as we await the fed statement let's break down the possibilities and

consequences. what happens if the fed keepers? what happens if it doesn't? we have the chief economist for alternative investments and the e i director of economic policy studies, former fed economists and treasury department consultant, we are out of time. thanks for being with us. what are you looking today for the size of paper versus the market reaction? >> the market has gotten ahead of itself and that is evidenced by the pull back use of from summers taking himself out of the running and -- chris nixon in the bond market more than the stock market. >> we need to clarify that. i don't think the effect on the equity market will be as bad as everybody thinks. the fed, look what they have done just by jawboneding, moving markets 150 basis points. they have to deal less than people think. dennis: assuming the fed meant

to do that. i think the move was in spite of what the fed was hoping. you think the fed wanted that to happen? >> they have much more latitude to act and bring rates down. dennis: let's go to you. i would have thought this entire kippers priced into stocks but you think if they taper we go down today? >> the market has something like a 70% chance that they keeper so the tabor that happens will be a small one, will be slightly negative news for the market i would guess but it could be it is about the price we see now. i don't think you will be a big move. the table the fed wants to do will be like president obama's syria policy, they wanted to be incredibly small but not so small they get mop. i am guessing ten billion is the market ended will be a slight negative for the market today. dennis: 4 give the characterization but why do you stop will be bees? $17 trillion economy the fed

stops buying $20 billion a month in bonds, so what? >> i agree. it will watch out completely because the paper of that size can't really affect things and something like $70 trillion global market place, the taper is going to get people anxious and in part because of a fed has mismanaged the message. they should have said last spring we are starting the caper right now, should a parent tiny little bit and adjusted it for month-to-month and right now they said this red line we have to cross and when we cross that there will be a negative. dennis: unfortunate phrase, red line. the red line don not read any more. if the fed doesn't do anything, if the feds as thing they're too tepid, you see bonds, interest rates crashing on bonds, 2.3% for ten years. cheryl: 2.5. dennis: it changes right here

but go ahead. cheryl: 2.5. my intention is known to.5 before 3.25 in any case because the economy is softer and this is what is going to affect the equity market, how much growth are we having and the quality of that growth and how is it driving revenues and profit margins? dennis: we are so focused on the $85 billion in bonds that the fed buys, and it the truth is the actual separate fed where it is in 2015. that is a bigger pressure point. is the q e not the big deal to worry about? if they raise the quarter point you are talking slaughter. cheryl: if you look at the curve, out of one year rates superanchored. if you use the commercial paper market you still have very cheap access to money. if it is longer-term, the fed is aware, we are all aware if this goes on too long, if there is q.

ever, that is very unhealthy and bubbles forming. they don't want that to happen so having rates back up to this 2.5, three% low, not the -- dennis: we will wrap it there. we heard q e, just said q. ever, might be a new phrase we will stick with. thanks, guys. cheryl: they call this making money off of the fed. we introduced you to our next guest, the ceo of massive investing who created a way for investors seems and invest in ideas. even the news. he is back for way to play the paper. you have got a brand new motif watching now based on the caper. what is it? >> it is the fed tapir motif that includes basically a regional bank plate and let these companies are able to do, high-quality stocks, able to borrow from deposits,

high-quality deposits and generate 70% of their revenue from interest on loans and residential areas so as the fed keepers' their loan rates, revenues for some goes up, deposits stayed the same. cheryl: based on long-term interest rates going up, that is where you are basing this, you have your own research department that tells you where this will go. >> team of analysts study, go through all the material and pretty much find the companies that have the most sensitive the long term interest rates in a positive way and these are the stocks, the first financial, all these stocks that you see here. cheryl: commercial real-estate, residential real-estate, business and consumer loans, texas capital, first financial. si national. it is tough to see on the screen but these are regional names we cover and a great sector but today you say based on the paper they will do better. you can buy this for the groups

of. >> group stock for $9.95, dollar invested but $2.50, $1 billion to work and will still cost $9.95. cheryl: and the staying the course they were. this is different so they do taker, $10 billion, whatever today, the first choice. the second choice is stay the course. what is that motif? >> back to precious-metals. precious-metals motif is the inverse of the fed tapir motif, a way to play gold stocks, precious-metals stocks and these are ways they are avoided so companies with good reserves get a higher weighting in this motif. cheryl: this is down 15% over the last year but if ben bernanke doesn't do anything and 2:00 eastern time this group will take off. >> this motif, precious metal is down 50% for a year and they were beaten down quite dramatically with potential upside if the fed does not go

ahead. cheryl: another group is interesting. somewhat ties to ben bernanke and the five year anniversary of the financial crisis too big to fail, big to fail, a bet on all the biggest banks. >> 19 banks that the fed determined in 2007 has been too big to fail, have taken over the course of five years of much better share of markets. top five banks have 56% of the u.s. economy in assets and these are those banks almost 40% for the year so they are doing really well. too big to fail hasn't gone away. cheryl: i want to point out to our viewers, the motif of too big to fail at 36% year over year, the spider for financials is up 30% year over year so you have a 6% jump by focusing on just the too big to fail banks. whereas more names that you are saying, that you don't need.

>> most people take a machete to their investing in ideas. so you can get very focused on your investment play and the other big thing is the mutual-fund its hit you with lots of fees that compound europe peer and take away your return and in our model there are no fees just the 995 transaction. cheryl: wanted to have you back because you told me last time you were on the show you were going to escalate the fed. today you launch it. thank you very much. want to remind everybody at home like you need a reminder it is like christmas around here today stay with fox business for the best coverage of the fed announcement. everything starts at 2:00 eastern time right here. don't miss it. dennis: president obama telling the business roundtable he is happy to negotiate with republicans over the budget and important issues, another fight over raising the debt ceiling lives. rich edson joins us from washington d.c. with more. rich: the house vote on friday

to avoid a government shutdown. part of the plan defund the president health-care law. that means there is no chance of passing the senate even if it did the president wouldn't sign it. speaking to executives at the business roundtable president obama called the republican plan reckless. >> what we now have is an ideological fight that has been mounted in the house of representatives that says we are not going to pass a budget and threaten the government shut down unless we repeal the affordable care act. >> the president has protected american big business. time to protect the american families from this unworkable la. dennis: congress has until october 1st to work out this impasse. if not the government shuts down. congress has until the middle of next month to increase the debt ceiling. this morning house republican leaders presented their conference with the policy options they will consider attaching to a 1-year debt ceiling delay the president's health-care law for a year,

fast-track to achieve tax reform, approval of the keystone pipeline and deeper spending cuts. one of those options will likely be the republicans's opening offering the debt ceiling negotiations negotiations the administration says it refuses to engage in. dennis: thanks very much. cheryl: starbucks entering our national debate suggesting customers leave their guns at home and don't bring them to the store. you would think that was common sense but the stock is going to be a target. dennis: i'm of the gun-toting cappuccino from one of our producers and walgreen's dozens of employees helping insurance exchanges. we have a stock that gains. cheryl: cappuccino or the connolly? dennis: the cliche, good writing. as we do every day at this time, energy, green arrows, never a good sign for me.

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cheryl: this shows exactly how board basically investors are until we get the announcement because alcoa is leading the dow. this company will be out of the close of business after the close next week, next week will be nike and other big names but without, the strongest stock we have going on, and by $0.38. and a couple of their names in particular, united health group was fun. united health group is down $1.51, the dollar impact of 11 points and change but until we get this analysis from the fed, it will taper, 5, 10, 15, $20 billion, we don't know, that will give the market more direction, could see a lot of market action and these numbers reversing themselves and 2:00 eastern time. let's bring in nicole petallides from the stock exchange and you have a couple retailers you are

watching. nicole: indeed i am. looking get two names, and apparel, a down era, let's take it down for you, 5 below, 6.5% and dollar tree has an up arrow of 2.1/four%, and specialty value retailer and they said they announced the secondary offering and agreed over seven million shares of common stock and the funds and international and 100,000 shares sold by the executive chairman. le stock is not acting well on this one. dollar tree, and other retailer with valuing their products, announced $2 billion share repurchase program. that shows confidence in what they believe their company is worth and entering into an agreement of $1 billion of the common share. you can see dollar tree is looking good. cheryl: the company that is

covered, thank you. dennis: speaking of charles payne, the creator of beanie babies selling federal tax evasion charges today, billionaire ty warner pleading guilty that he failed to report income he earned, secret offshore accounts, ubs in switzerland to pay $153 million to settle these charges and charles payne joins us with a take on it because that is a huge fine based on the gains he made. before the gains were $3 million and the penalty is $53 million. let's talk about this guy. 1966 drops out of kalamazoo college and wants to go to l.a. and be an actor. that doesn't work so he works 20 years in the toy industry learning everything about it and mortgage his home and takes his life savings and starts his don't like company and a few years later launches beanie baby. the rest is history. he is the mobile now, holds a lot of hotels, seasons in new york, things all over the world, why, mexico, amazing guy, given

a while fortune, $6 million to the andre agassi foundation, $3 million to another foundation, the best story about this guy last year in santa barbara driving he gets lost, plausible woman asking for directions and they get into a conversation and she happened to be where she was because she was trying to raise money, she had kidney failure and needed stems cell, an operation but they didn't do it, needed 20 grand, i will write you a check for 50 but i will give you the rest later. this is what she wrote on her blog. was the type of letter you keep forever and accompanying it was the check that could change my life in an instant. streaming tears of relief and amazement, fell uncontrollably for my eyes as i walked toward the exit. i was flooded with indescribable emotion. tax evasion is a crime but this is not a guy who has had a great impact. this is a dove tail. can't wait to see how the media plays this out because the narrative will be didn't pay $53 million in taxes and the 1%

trying to get over and everyone again. from another point of view someone saying i made millions in taxes, created a lot of jobs and also give a lot of money to people in charities. national narrative. dennis: giving a lot of money to the federal government. charles: is any for person going to give free money? dennis: it will pay interest on more debt. charles: he should pay a fine. cheryl: might be handed out on the tax money. all right. apple about to open the floodgates, update the irs operating system. a lot of changes. and get the coffee ready. and must binge tv. dennis: new study this morning showing when we like to watch our favorite shows we love to

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>> 25 minutes past the hour your fox news minute. operations at washington navy yards have not returned to

normal following the deadly shooting rampage that killed 12 people. aaron alexis, shooter, was killed. the shooting is raising questions about the adequacy of background checks done on contract employees. in colorado rescuers are turning their focus from emergency airlift to looking for the 100 people after the devastating thought. state officials report six flood related deaths. and a commercial supplier for the international space -- international space station. orbital sciences launch its first-ever unmanned cargo ship. it is due to arrive at the space station sunday, only the second private business to attend it. the other company is spacex which has been delivering supplies for over a year. those are your news headlines on the fox business network. cheryl: thank you so much. take a look at oil and gasoline. both contracts biking on a surprise drop in weekly inventory.

let's go to the cme. how big a surprise was this? >> oil supplies hit a 1-year low. i was looking for three million barrels, we got over four million barrel drop. interesting to figure out what is going on when it comes to the gulf coast. and we redounding last week, you can attribute that to the inclement weather of tropical storms but at the same time we export more gasoline sell both ways is double barely bullish right now. we have screwed up, and hit a new low for the year last year. they are rebounding and backup 4 sense,.37. and is going out of style. they're producing more gasoline the s and year than they ever have. we're producing more gasoline than we can consume. more than we have and supplies still falling. gasoline exports are big. who fought the u.s. would be a

major gasoline exporter we are to the rest of the world filling that bullet and an amazing story for the u.s. energy industry. cheryl: at positive story, great job story. dennis: a new study from nielsen says we like to watch online and we love to binge. the study of over the top viewers shows 90% of netflix viewers and 70% of who lou plus subscribers watch three more episodes of the same show in a single day. that shows online streaming is growing like gangbusters. netflix number one, 40% of u.s. homes but who lew is up 1/3, amazon by half to 13% of homes. the screens we use are changing as well. 30% of netflix viewers watch on tablets almost tripled in the

year. smart phones--the 23% of viewers. our sibling, meghan kelly, the tv business wondered who is going to move to make room for her and now we know. meghan move to 9:00, sean hannity moved to 10:00 and at 10:00 greta van cistern moves down to 7:00 p.m.. and all the other anchors, must be emotionally drained by now. cheryl: fox business all-star show down. we start with eight stock pickers and now we're down to three. jim frischling and oliver porche i duking it out friday renewed advance to meet robert luna in the championship round. end as of now only 0.1% separates winners from losers. here's a look at how stocks are

ferrying. don't know if this came from a gym or oliver but we are keeping this going. look how this acted over the month, could be enough to clinch a win. look to the extent to moves on and to says goodbye. the fox business all-star showdown friday, tomorrow at noon eastern time on fox business. at the sunday. dennis:? liking it to christmas. this is more foreboding. walgreen's latest company to dump employees on to these health care exchanges seems to be good for the drugstore chain's stock. should you buy in? book that that had. cheryl: housing starts down as mortgage rates rise. will the fed take notice when it releases its decision at 2:00 eastern time is so many angels to this story. fox business. [ male announcer ] at his current pace,

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nicole: nicole petallides on all 4 of the stock exchange. got you covered, we cover the largest stocks to watch. some green in the morning only to turn to the red. near session lows down 56 points, 15,473 as everybody eagerly awaits the fed policy statement at 2:00 p.m.. we will be all over that. bringing you over here, this company is doing so well today, it is up 2.8% as a announce 18 large employers including walgreen's and sears holdings, darden restaurants, offering health benefits through the corporate health exchange so we heard about walgreen's providing

their voice payments in order to go and get their own health insurance because of rising costs these companies face because with we have been seeing from the new health-care laws. dennis: shares of drugstore giant walgreen occurred trading up, andy bean firm is joining beyond's private health-care exchange with the arrival of obamacare. the drugstore giant giving this employee money to go on around and find their own health care plan through the exchange rather than providing health-care coverage for them. a huge move encouraging big employers to follow suit, ibm did it for retirees. let's talk to robin morgan of fulcrum securities. first thing i am thinking about is president obama's in tent was that if you like your insurance you won't have to change. scenes big fat employers have a different view and carmaking

significant changes. >> i would agree. this is reminiscent of a number of years back when companies froze their pension plans, defined benefit plans and shifted over to 401(k)s also called defined contribution plans and the main motivation for that was for companies to save costs and i think you mentioned 18 companies have done this so far on the health care side. we will see a lot more and it could be a similar shift as the pensions side. dennis: walgreen's up a little bit in a down market today. for the average investor these big companies of the company makes a move like this is there reason to consider buying the company's stock price? will the savings be enough put your money into it? >> it is certainly a plus for walgreen and eon as well and nickel from the exchange

talked-about how it was up nicely too but it is just another factor that goes into determining whether you want to buy or sell stock and typically a look at the technical features, technical factors behind a stock as well as evaluation from a p e standpoint and earnings growth, and all of that accepted is all little pricey. i wouldn't be selling walgreen's. if i alone did i would hold it. i would not be adding to the position. dennis: it traded 17, high for a retailer with thin margins and the on at g.t. in times earnings and it is popping above 3%. one thing i was wondering as more companies make this move will they give me a chunk of money and get on the health care exchange. filing 25-year-old employee it seems to me now that they can't decline of preexisting condition, got hit by a bus, evan bayh insurance the next day to cover my costs.

are we going to see more people arbitrage it, take payment from the employer and not use the money on insurance at all so we end up with fewer people covered? >> well, that is a very good question. a stock and bond guy it is beyond the scope of what i comment on. requiring that invested in the exchange -- dennis: in the future remember it is television. if you lack the expertise don't let that stop you giving an answer. thanks a lot. cheryl: great showdown, greg

participant. leave the gun, take the cappuccino. have to apologize to the godfather. enjoy your coffee and leave your gun at home. starbucks ceo howard schultz would like to see no guns in their stores or any others in the area. dennis: i don't want to see the member but should you pass the rule on it? it is not hard and fast rule. it didn't go so far as to ban guns, just suggested you leave them at home. some worry gun employees might target the stock. cheryl: no one is worried about it right now. fedex delivering higher prices to customers. we will work at the effect on that stock coming up. dennis: the original gun was leave the gun, take the cannoli. mortgage rates rise. will the fed take notice? release its decision in less than 90 minutes. stay with fox business. ital one, bjorn earns unlimited rewas for his small business take theseags to room 12 please. [ garth ] bjors small busiss earns double miles

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tracy: i am tracy byrnes with your fox business brief. the next delivers higher prices to its customers, shipping giant increase rates for rate services 4.5% on july 1st, fedex announced it would increase in express shipping by 3.9% early january. mortgage applications jumped by 11% as interest rates declined slightly. mortgage bankers association said the average rate for 30 year fixed-rate mortgage fell to

4.75% from previous weeks 4.8% was the buy highest level of the year. ceo expectations for the u.s. economy dropped in the third quarter, business roundtable ceo economic survey found chief executives forecast continued be little economic growth. the index declined 79.1 from eighty-four.3 in the previous quarter. that is latest on the fox business network giving you the power to prosper.

tracy: august housing starts last than expected in the face of higher mortgage rates this right before the latest statement from the fed that central bank was expected to announce plans for triggering. bring in peter and mitch michele. if they do deeper today, $10 billion, $15 billion what happens to the housing market? >> there is enough liquidity from a mortgage borrower's perspective that won't have a

big deal. it is about supply and demand. if you were awake and economic 101 you remember supply and demand. the supply factors the big thing, a five month supply of housing, we had ten of supply, there wasn't a supply that there was back then. the other issue is demand. the economy growing, jobs being created. if you look at the cohort of home buying people that is rising. people want to buy homes. the demand is there, supply is in there. cheryl: as $25 billion tipper. said it is $20 billion. would that have any impact? somebody out there, home mortgage office in new york city will think i need to pull back on how much i am lending? >> if something is out of the consensus expectation it will shock the market for the near-term. always tends to happen but look at the underlying fundamentals may have shrunk because it is driven by jobs and the economy and the fact the people need

home. gerri: you call it heartburn, basically i will have harbor if i'd an extra hundred bucks on mortgage because the interest rate went down 100%. i didn't sign three months ago. does heartburn equate to negative? >> the housing number was behind expectations but look at the overall secular trend colliding. we are creating more hazards because of the demand for houses and we don't have a supply. individual homebuyer decisions made change but what is interesting is look at the other side of things. on those sales are improving as well. big-ticket purchases, there is a demand for those of we are heading in the right direction. cheryl: the overall market what we have seen in the last few months has been pressure, builder confidence came out yesterday. it revised a little downward. is this a reverse trend? the stocks are not really

performing. >> the -- to your question earlier if there was a major refers from the ticker perspective and a lot of liquidity pull out of the market, perhaps. gerri: it wasn't getting that strong. it is just getting back on its feet. >> it needs momentum. if you look at there's a lot of herd mentality in people's decisions around home buying. that is always the case and if something happened to chill the market that could reverse the hurt. cheryl: something interesting, if you look at the home building stocks it made be flattening out and also people are buying bigger ticket items this year and not buying smaller ticket, they are not going to walmart like they were so those stocks of come down. thank you very much, we will see what they do. dennis: it will be wonderful to see that. i just wanted over with. , and kris cox now, let's go to the floor of the stock exchange

and keith blitz, the s&p is down but close to its all-time high as we wait for the fed decision. how will the markets react? >> that is the key question. we think the fed will do some trade rings and won't be the blend of what the ticker will be. will they cut back a mortgage back for the treasury or how much but more importantly people should be aware this will be the first look that we get at what your projections will be for 2016. a signal short-term rates will stay here in zero through 2016 but i want to see what their economic projections are and extrapolate that out and see if their projections for short-term rates will stay in your zero all the way out on that side of the curve. that is what we are looking for. we expect $20 billion, mixture will be important for treasuries but the taker should happen and markets will barely react to it. dennis: senior flesh wound.

keith blitz. cheryl: kanye west coast jetblue edge it is falling back in line with the national average. in the great recession was one of the worst hit states the new census data shows nevada's rate of poverty stalled at 16% making it more in line with the national average. rebound on housing and entertainment and gambling helping the region, but those gambling stocks, the of the non of a tear, down today but performance has been strong. oregon's minimum wage is going higher to $9.10 an hour, $0.15 bringing organ near california and washington levels which will be the highest in the nation. all of this starting next year. hawaii with its beaches and resorts has another. the amount of nfl players it produces. why a ranks 11th in the players per-capita for the 2013 season according to a study by u.s. a football.

louisiana tops the list, texas, mississippi. that is your west coast minute. dennis: ready, set, upbraid. apple about to release the operating system date, more than just geeks are interested in this. cheryl: we will have a good, the bad and the ugly, we will be right back, stay with us.

cheryl: your suffering apple compulsive disorder, a partial cure may be at hand, apple in the next hour expected to roll out its latest operating system. dennis: wasn't supposed to start at noon. michael rose, editor of the unofficial apple web log warns

businesses people start updating their devices right now, it could overflow your wi-fi network. it is the real problem. >> a potential possibility, education and institutions that have limited cable modem connection might think about asking people not to do it all at once because it is quite a bit of data. cheryl: you think everyone will do it? not doing the a grade, don't want to mess with google map situation. i was very angry. >> you were not forced to. no one with an iphone has to upgrade. the only ones getting it by default are buying new iphones, they will come with. dennis: as a user advice do you have anybody who should not upgrade? i an antiquated change and iphone 4. >> that is one category of people who shouldn't. if you haven't backed up your phone recently don't upgrade today. if you work in a corporate environment for your company provides e-mail don't upgrade without talking to your i tee person and if you have critical business to do on your fund today or tomorrow chances are

nothing will go wrong, apple has upgraded million of devices that may be weak a day. cheryl: why is this agreed getting so much attention? >> is tied to the release of two new iphones which got a big announcement recently but also because it was anticipated for quite a while. kelly radical graphical redesigned and new features involving the camera nbc access to settings of people think they will like it. cheryl: last time we saw this design when it went to windows 7 to windows 8, microsoft started sliding stuff around and drove customers crazy. we ate change. is apple running the risk of too much change? >> that is a fair question. iphone users i used to western rapid pace of development. all platform is not seven years old. to say there are not used to change in that environment may be pushing it a little bit but there will be some push back, some friction. it is a question of people getting used to. cheryl: interesting you said the

buzz is about the new iphones coming out. looking at fingerprint technology on the new 5s, you agree, that it will be a pretty good deal. >> if you go for the high end apple pushes the -- and 5s is the flagship fund, everyone i talked to have hands-on time with it, the fingerprints sensors unlike what you saw on your laptop where you sweat dripping across it 15 times, this works consistently and for people who don't lock their funds now which is a bad idea, this -- cheryl: what do you mean? >> anyone who doesn't do that this is a fast, easy way to unlock the fun, make it so much simpler. >> it was supposed to be curing cancer. give me a break. that is innovation. something disappointing about

it. >> apple tends to go on this cycle of if lee redesigned new hardware platform, every other of great and the interim. cheryl: markets losing steam with an hour to go to the fed meeting, down 42 but honestly, the next hour, and any chance will be on. dennis: charlie gasparino with talk of a possible nasdaq nyse merger. will that really happen? top of the show an exclusive scooped coming up. ♪ nascar is about excitement. but tracking all the action and hearing everything from our marketing partners, the media and millions of fans on social media can be a challenge. that's why we partnered with hp to build the new nascar fan and media engagement center. hp's technology helps us turn millions of tweets, posts and stories into real-time business insights

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lori: good afternoon. i am lori rothman. adam: i am adam shapiro.

first, we will hear from two of the smartest minds in the financial world. lori: on whether the slow-growing economy is really enough to start tearing back support. adam: also, could there be a bernanke curveball. the fallout if the fed takes no action at all. time for stocks as we do every 15 minutes. our own nicole petallides is on the new york stock exchange. the s&p trading near the all-time high. nicole: we do have the s&p not too far off all-time highs.