stuart: enough of this. connell, get on with it. connell: have a great weekend. enjoy the games. apparently, it is all about the gold. the president of iran has been trying to lay the groundwork. he is on his way over here next week to new york. southwest is in the top five, but it is not number one. hold onto your wallet. tj max is allowing customers to shop online now. all of that and a lot more coming up. ♪ connell: all right. dagen: at that whole varney pick

things made me extremely uncomfortable. connell: i did not know what was going on there for a second. apple, it is the story of the day. rolling out the new iphone. the 5c, the cheaper one and the 5s. it is all about the gold. the ship date has already been pushed back to october for online orders. though gold phone would likely be gone by the teeple got to the store. "wall street journal" reported that demand is so high that the phone has the fingerprint technology on it, it improves camera, fast processor. dagen: i have to point this out. the colors are the gold and silver are strips on the back of the phone. the front is still white.

most people buy a case to cover the back so it does not break if you drop it. what difference does it make? buy a case and be done with it. go on with your bad self. connell: that is my transition to nicole. nicole: i hear what you are talking about. there have been so many people standing outside the as you noted, though gold right away is now not available. you do see that apple is doing well. year to date, apple is still under pressure. while they do have new products and hopefully these do well for them, the question is do they

have that innovation. do they have the next project. everyone is still waiting on that i watch. the cheaper model is apparently really supposed to get them some bigger about. i drove by this morning. it is complete chaos. connell: the houseboat, by the way is underway. dagen: ridge at third is on capitol hill with the very latest. charles: eventually, the house will probably vote around noon time. the senate still has a say.

while this issue or idea seems to be amenable to both sides, it is all about this fight over obamacare. >> the president's health care law is turning our full-time economy into a part-time economy. some want to see this law drastically changed to avoid further nightmare scenarios. >> what is brought to the floor today is without a dow a measure designed to shut down government. it could have no other intent. when the house passes this today

, it goes on to the u.s. senate. likely, the senate will send back a bill that just funds the government. whether or not he will put the bill on the floor. or whether he just sits on it. we will see about probably in the next ten days or so. dagen: what are the chances you think that the government shutdown? >> there really is not much of an appetite. the problem is john banner has to make sure he remains speaker. there is a strong feeling that they do not want to defund the government.

dagen: thank you, rich. steve moore is also in washington. what is to gain on the republican side? >> you were talking earlier about the iphone in complete chaos. i think this story is complete chaos. they have passed this budget resolution, this budget continuing resolution. this does not include the do funding of obamacare. the question is, what do republicans do at that point? i am not sure if they have thought that far ahead. i think that the likelihood of a government shut down is very

low. i think most of the republicans want to get this resolved. even if they pass a budget in a past a budget that does include the funding of obamacare, you also have a fight of the debt ceiling. >> let's stay with obamacare. do you think that the appetite will grow among the american people and thereby lawmakers to defund it later on? right now, they want to go back to the 2009 health care system. today, "wall street journal" reporting there is a pricing glitch. again, the federal government

running exchanges. a growing disaster. >> it is almost every day that there is some new story about how it will not work. i believe that whether or not there is a defunding of obamacare this year, that as the weeks progress, i think that the wheels are coming off and you may see, in six months, even democrats saying we have to get rid of this law. dagen: if the union leaders

start yelling at the democrats more and more and more, watch out. thank you very much. connell: we are joined with the market's perspective on all of this. the debt ceiling fight is much more serious than we hoped it would be. here is charlie from chicago. it does seem that things are a little more serious than we thought. they may go for that. >> i do think eventually we will get through this.

i think there is a risk of uncertainty. connell: we do listen to what you say. we wanted to pick your brain a little bit about what you will think will happen with the markets. >> the whole point of our firm is slow and steady. you have to focus on the long run. i think you will see interest rates move around. you will see days where the dow is up and down.

first of all, what do you expect? >> you have been nice enough to have me on your show. for about a year or so, the bond market has been in a bubble. we got the 3%. we would say that people should not own a lot of long-term bonds. a lot of the damage has been done. we are not telling people to be quite as negative on bonds as we

were a year ago. dagen: united airlines making a list of carriers test at service. they are not at top. connell: t.j. maxx fans can shop online now. i guess this is big news to some people. dagen: i told you so. one federal watcher, he said if they were paying attention they would know -- take a look at the oil market. ♪

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uh...by that, i mean... [ male announcer ] how do you get your bounce? long-lasting freshness. dagen: home depot joining the growing number. nicole: that is right. we are taking a look at dow component home depot today.

right now, the home depot stock is down half of 1%. the change that they are doing rough lax about half of part-time workers. now, they will not be able to, under the new health care law, to be able to do that. they are shifting over these part-time workers. they, apparently, have more options. these exchanges are also subsidized by the government. this is what trader joe's did as well. connell: who needs to spend big bucks to travel first class.

porter airlines in fifth place. southwest, with all due southwest in the top five. it is fourth. united airlines in third place. virgin america is number two. jetblue is number one. not a huge surprise. dagen: you get a lot of bells and whistles flying on virgin and jeff luc. by the way, first class domestic, it sucks. it just is not that good. you get copious amounts of alcohol for free. connell: make note of that. [laughter] dagen: t.j. maxx now letting shoppers buy items online.

this in an effort to lower new customers and give existing ones the chance to shop around the clock. the best part is t.j. maxx is allowing customers to return merchandise online to any of its 1000 stores across the country. take a look at the stock today. it is discounted merchandise. they have everything there. if you are shopping at saks or something that keep the tags on it. connell: it looks like he is trying to break the ice with the united states. we will talk about that and oil

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♪ connell: breaking news as we go back to washington. stripping out the funding for obamacare. rich edson has been covering it all. rich: one republican voted against, two democrats voted against. it also defund the president's health care law. this will now go over to the senate side. this is a much needed step for republicans. it will require a number of

democrats in the senate to either defund or fund the president's health care law. in the end, we have a game of ping-pong going on here. the house has passed its version. they will likely strip out the obamacare defund. sometime late next week, house speaker john boehner will have some choice. thank you. dagen: time to make some money with charles payne. charles: that was a pandora's box. i always try to find these diamonds in a rough. they make crystals. they do a lot of things in tech knowledge ease.

they have the sapphire glass that is used and a lot of different products. this is three times stronger. it is also better for the touch technology. it is baseball company. this is why i kind of like it. you can see the chart. it made a pretty big move a while ago. i think this will be a big percentage game. it is a smaller name. it may be a little volatile. it has absolutely huge potential. we do know that they probably -- the next-generation of these things will need better class. the only thing stronger than the sapphire is diamonds.

they say on social media, there is a mention of a broken screen every three minutes. connell: it makes people so angry. thank you, charles. dagen: iran's president coming forward about the goals of his nation's nuclear program and the woman leslie to engage in diplomacy. connell: picking up his game when it comes to raising charity. we will have that story coming up. before we get to that, we keep an eye on the markets. here are some winners today on the s&p 500. ♪ [ male announcer ] imagine this cute blob is metamucil.

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and that gelling hes to lower some cholesterol. metacil. 3 amazing benefits in 1 super fiber. dagen: one of our favorite guests is here. here is what is coming up. the message from iran's new president is diplomacy. reading the right message from the federal reserve. one bernanke watcher knew exactly what the fed would do. then, the middle of a playoff run. the red sox making a big pitch for charity. connell: we will go back to one of our favorite reporters. nicole petallides, it happens to be her birthday today. happy birthday.

nicole: thank you very much. we are taking a look at darden. it turns out people are not finding the never ending pasta bowl enticing enough. i personally like the salad bowl. they felt worse than expected. 37%. they continue to try to revamp the menu. they say that they face higher costs, labor costs as well. it also turns out that people are going elsewhere. the lighter, cheaper options have not quite gone at enough momentum. the sales numbers have slipped into the not good news for darden. back to you. connell: thank you. enjoy the day. dagen: iranian president is

using a washington post ad for constructive dialers on. connell: the president they consider meeting with the new president. >> thank you for having me. first of all, what do you make of this? i think it is very much welcomed by the obama administration. i think they will take anything, in terms of resetting administration. the question is, what they really do anything?

>> if we embrace this, do we look like a nation that is leading them walk all over us? >> they offer anything. rhetoric is nice. will they freeze higher-level enrichment? it really remains to be seen what they will put on the table. if they do not offer much, i do not see how we really get a deal. what about market people? what is the big oil story, if there is one right now. >> i expect positive noise. then the question is, what happens. do we get anything substantial? will we offer them relief from sanctions? it is always the second and

third meeting where things kind of fall apart. dagen: keeping oil prices extremely high because they need the revenue. >> absolutely. thinking about the iranians, they want higher prices for what they can export. it will be very difficult for them right now. they are spending so much money to prop up the regime. connell: the president used that phrase tons of times. how do we look out i wrong now? is it just a roll of the eyes? >> the rhetoric is certainly a lot better. again, you go back on the question of will they actually freeze again?

i think that is the big question, in terms of do you get a breakthrough. dagen: do we get a break and oil prices, do you think? >> we still have significant outages. we want to see if we get libyan production back. we are back up to around 600,000 barrels. the question is, where does it swing next? i remain pessimistic about a deal in the near term. dagen: thank you. connell: it is all about job creation. why the bill will come on the heels of better job markets. dagen: focusing on raising money for a charity.

connell: we will have that coming up on markets now. more on the release of the new iphone. we will get you treasuries first. 274 on the ten year period. ♪ you know throughout history,

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>> i am adam shapiro with your fox business brief. target will hire about 20% fewer holiday workers. it is down from 88,000 they hired for seasonal work last year. goodyear tire will pay a quarterly dividend of five cents a share on december 1. the first dividend and 11 years. they also announced a $100 million share buyback program. walt disney and bruckheimer announced they are ending their 20 year partnership next year. that is the latest from the fox business network. giving you the power to prosper. ♪ [ male announcer ] legalzoom has helped sta over 1 million businesses. idea,

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connell: we have a couple of nice happy stories. we have a cancer survivor. giving back and traveling around the world. we are in los angeles with this story. >> a very inspirational story for your friday. he not only won the world series, he also pitched a no-hitter. now the current manager says that is one come back you will never forget. >> somewhat of a storybook ending 22007. it set the stage for the career to really take off. >> the never quit campaign.

laster that it was time to focus in another area. he is doing just that. on nights he is not on the mound, he meets with children and parents who are fighting pediatric cancer. >> was it hard? >> yes. it was hard. i think it helps you later. you know. once it is over, nothing else holds you down. it was easy for you; right? you are strong. good. >> since he feels these visits are part of his obligation to give back. >> everyone is different. there are some guys that want to be role models and there are

other guys that just want to be a baseball player or basketball player. whatever. they do not want the responsibility. i feel like the position we are in, you do not really have that choice. >> he has visited kids with cancer and eight major-league cities. back to you. dagen: thank you very much. you listen to what bernanke said over the summer about unemployment. jim joined us now from baltimore good to see you. if it was so obvious, why weren't for people in your camp? >> we are very pleased that we

were able to focus on the economic fundamentals, not the sort of persuade if by the change and conventional wisdom. i do think if people followed bernanke's guidance, it was going to be conditional on the improvement in the economy. job growth slowed. inflation fell. in that context, it certainly did not surprise us at all to see the delay in tapering. >> a move in october would be very unlikely. i think the committee will need to see several consecutive months of positive data before changing course. i think the bulk of the tapering will happen next year between march and december.

we think the fed will end up buying another trillion worth of bonds. dagen: is that economy really so lousy that it warns that? >> we need structural reform and progrowth fiscal policy. it does not appear likely given the functional relationship with washington. i do think it has been helpful, particularly this year, and offsetting some of the political drive. i think we have seen this this year. dagen: eventually, we will as a nation, we will have to feel some pain when the federal reserve starts to pull back. when the central bank started talking about pulling back, interest rates started going up.

activity literally dried up. you had things coming out and announcing thousands of layoffs. that will just happen at sometime down the road, will it not? >> it does show the challenge that the fed faces. it knows, at some point, it will have to and bond purchases, raise short-term interest rates. it has to do it in a very slow and gradual way. it is an extreme challenge. it will take the next fed chairman a great deal of skill and a lot of luck in order to execute properly and not disrupt the economy. dagen: bernanke is saying, let it be somebody else's problem. [laughter]

connell: a big week for commodities. dagen: sandra smith is in the pits of the cme with today's trade. sandra: the comments have shaken things up down here right now. it has markets, commodity prices in a tailspin. this, of course, after midweek, there is lots of bullishness. this is a market that is having a hard time finding direction right now. gold prices down 3%. despite that they gained in the middle of the week, still on pace to close down for the week. oil prices are down today. they are down to straight trading sessions. they got that lump in the middle of the week. oreo, on pace for its second

weekly flop. oil and gold have been grabbing all of the headlines. there were even bigger movers commodity wise. copper prices -- it really hurt some of those crops. a lot of concern about how much we will get yield wise. silver is a bigger mover on gold. silver, the best performer in august. silver is up 20% quarter to date. oil and gold grabbing all the headlines. lots of other big movers. there is some bearish momentum.

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connell: allowing people to dress independently. we have chief executive officer of this company. thank you for coming on. first, tell us how it works. >> thank you for having me. it is magnets and fused. you line it up and make close together. it is as simple as that. the market is wide open. we have secured the intellectual rights on it. hopefully, that will remain that way.

i thought he was talking about the game. they have lost a game. i thought it was because they have lost. he said it was because he had a hard time. a player had to help him get dressed. fortunately, the player was russell wilson. he saw him struggling and help him get dressed and get ready to catch the team plane back home. i thought something was not right. no one should ever have to face those types of challenges in their life. we had to find a solution to it. connell: he is a star in the nfl in seattle.

the business side of this, how are you doing? how is the business going? the response has been overwhelming. it is kind of a segment of a population that has not been paid a lot of attention to. connell: we may follow-up. with that said, what is next? >> we just launched children's

outerwear. only because kids cannot button, snap or zip. we infused the same tech knowledge he. we also have secured the patent rights on hospital gowns. connell: thank you. thank you very much for joining us. >> i appreciate your time. dagen: that is a great story. we are talking about iphones. apple has not lost its shine. maybe on wall street, but not on main street. connell: how cool is it to see it raining on those people? all-star showdown.

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the diane dennis kneale. cheryl: i am cheryl casone. noon eastern time you can count them today, fed officials speaking this afternoon, two during this hour but what good is transparency of the markets don't understand or predict what the fed is saying? the market panel will do that. joe for showing and oliver porche will do it out of luck to the championship round of the fox business all-star show down. dennis:--lines that apple's lawyers with the newest iphones on sale. apple made ross did shine but wall street still has fuzz on

main street, charles dean and clayton morris coming. cheryl: cybersecurity sell hot that one from ipoed overnight, the stock doubled in and trading right now, the founder and ceo coming live from the nasdaq talking about the very successful ipo. dennis: we have talked of the hour, stocks every 15 minutes, nicole petallides at stock exchange, the freak at holding sway. >> let's look at what we are seeing, back-and-forth action, started in the green and now we are in the red down 70 points, a big day, we have women going on here, maybe some volume going into the close, some volatility but that aside, that may be less of a professional but i can tell you we are up 200 points the regardless of the fact the we are down 1/2%, we made some money and hit some record all time highs this week on the dollar and the s&p and the

nasdaq, the highest levels in 13 years. we continue to watch other big stories including apple, not far off of the unchanged line, the release of the new iphone, the coal stocks are coming under pressure after some new calls by the administration that our not too friendly and the action we are watching overall, the dollar looks decent to the upside and the 2.72%, back to you. cheryl: happy birthday. been good for somebody only 27 years old. congratulations. four fed officials giving speeches this afternoon, two of them during this hour but what good is all the talk coming from the fed? it is largely misinterpreting what is being said. we saw this happen on wednesday. joining us now for the all-star

showdown, jim frischling and oliver porche, president of gary goldberg financial services, a shout out coming up later but when you see all of us, you included thought there would be a keeper the you have a gun your face and do you start to reevaluate how you interpret what the fed says when they said. >> the fed had conscious effort to make a market rally, signaling and talking about it so much. was going on constantly and ultimately to simply look at the data can rely on that data, i understand that except was misleading, they bought themselves some quarter reliance and is at the expense of the overall picture. cheryl: that happened to everyone, a few people said they would not keeper but for the most part the market thought it was happening. >> having a couple days to reflect on the news and looking back at the announcements of the last few months since man when chris talk of tampering strutted

coming up, the fed was going through an exercise of a key study like you would do in business school to see how the markets would react in you see 100 basis point jump in interest rates in the ten year and rates rise in mortgage market rapidly so they decide not to take priscilla is important to look back and jimmy and i agree that any teetering that was going to happen would have been relatively mild. you're still purchasing $70 billion worth of bonds, not exactly kicking whole lot of stimulus away so the short end of the story is listen to what ben bernanke is saying, ignore the fed governors that are noisy and ben bernanke -- cheryl: don't turn off your tv, folks. >> don't listen to the news, ben bernanke has been consistent in his message about inflation and unemployment and the economy as a whole which is why we are convinced putting aside short-term fluctuations in volatility and a pullback that

the markets will reach new heightss before the end of the year. scheck has created volatility begging the question whether the transparency plan is the right plan for the fed. notices and working out because the more they talk more volatility if they get whether or not we are approaching a decision. it is affecting the wallets, affecting trading and that is not a good thing. >> i agree ben bernanke talk about inflation and he has focused on unemployment which continues not to be at the targeted level. the fed missed an opportunity, wall street was ready for it. there was a reaction and now i feel there is the sense in the going on, the market is addicted to stimulus. markets are addicted and this only reinforces anything the fed does and actually sending mixed signals again. point the time for rehab? >> i'm worried about assets, the risk on trade, i am not going to fight the fed, we will grind higher because now people think capering will be postponed but

the fact is the market is so addictive this reinforces it. >> we have been addicted. >> eventually it is going to hurt but it is going to take a while before we get there and is important, you talk about the fed being transparent and transparency and clarity are two different thing than the fed is making every effort to be transparent but they're not very clear so that is why you see all the confusion and volatility. when we look at next week, the fourth quarter of the year we will see more volatility, specifically for the same reason because you have fed governors come out and fed officials contradicting information. cheryl: we will get that during this hour with bullard coming out, they're independent which is why they made it. after george was alone dissenter in this, she stood her ground and said no, we have to take a something, it has got to start now but we will get conflicting statements in the next 20 minutes.

>> not this weekend but we will get the monday and tuesday and so on and so forth next week because that is what these politicians and they are politicians, don't kid yourselves, they are economists -- gerri: is that political? >> just a little bit. cheryl: smile now because guess what, you coming back. that is it for now. these two will be coming back for the next round of the semifinal round of the showdown. to a dance to the final championship round of the fox business all-star showdown and say goodbye? we have the results coming up in about 25 minutes from now. dennis: apple's newest iphones went on sale and the faithful are out in force. >> i have been standing here since monday because i'm ready to be one of the first people with an iphone in my hand. >> it is the greatest device at the moment, i love getting new gadgets. i am 19 years old. i like keeping up-to-date. >> almost 22 hours, 75% of them,

there is no goal, we are so excited. dennis: apple says those new icon they're showing up so quickly they are already on back order, not available until next month. and it still has but on main street. we have charles dean and tech guru clean morris of fox news. let's start with you because i am jealous of that description. what do you think of the new phones and is there a gap between wall street and main street on apple of? >> absolutely. i am always conflicted and confound when apple made the announcement for the iphone 5 about a week and a half ago, suddenly you assault wall street plunge but we knew everything that was going to be in the phone had been reported by folks like me and others in the tech press for weeks, we knew a fingerprint scanner was coming in the lower cost iphones for

coming but why does it plunged? people make money and do their thing. the new phones are exciting launching in china today, first time, and launching of the major markets, same day opening. dennis: what do you say? is main street in love with apple? >> when you see the headlines, it was just sort of like a okay. these jobs had these things. and another thing. >> the little extra something, maybe they telegraphed it perfectly, not unlike the federal reserve, wall street is what it -- they figure out a way to turn around. gross margins 36% from 42%. ultimately, this will determine how the stock begins. and the margins of around. >> asserting a bit of peer

pressure with all these new colors, not whether upgraded to a more expensive one, or doing the x, three new colors, still have a black one knowing i am not going to a grade. >> this is the game they play. the new colors, the new funds, you'll also notice a fingerprint scanner built in. if you don't have the fingerprint scanner you have the 5, i have the 5s sitting here and lock my phone without being in my pasco gun you have to -- >> the whole core of that thing. dennis: the floor price phones this will be the bigger seller. >> not low-cost enough. >> the new price point. >> it will be interesting to see. apple doesn't play the low cost game if they don't have to. always paid a premium price for apple products. charles: that is the point. it is all about profit margins. aron price point thing might backfire a little bit. mercedes came out with the 190.

dennis: clean morris, charles payne. cheryl: t. j. max making the major announcement. if you love shopping now you just wait. it is all going on line but take a look at the stock's reaction and see what investors had to say. dennis: software glitch may cause chaos when health care exchange's opening two weeks. we take you to one hospital where they are blaming the new health care act for layoffs. gerri: as we do every day at this time with the energy markets, what a week has been, we are down $0.82 today but still 105 and change and brent is higher. we will be right back.

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our commitment has never been stronger. cheryl: the dow down 67 points and interesting story stocks in the market, i want to start with home depot. stock is down $0.70. it is down 5 points but the story is the health-care exchange began oct. first, home

depot will support time workers, 20,000 workers over to the exchanges and whether that will work we will find out. the glitch is happening there. i want to show you a hewlett-packard really quick, 2151, gain of $0.20, the impact of 1.5 points. the bears are winning on wall street. it is a quarter after time for stocks, from the floor of the stock exchange our birthday girl, nicole petallides. online shopping. would you do it if it was tjx? nicole: why not? why shouldn't teach amax, certainly has made it in the last conference call, the ceo talks about the fact that they made a conscious effort to move forward with the site, this is another tribe. they gave ago in 2004, short-lived site back then but now once again trying to not

only see if existing opportunities to shop t dagen: on line but also to attract new customers, that was what the ceo said on the company earnings call so they have t.j. max, also other names under the brand, not just marshall so this is a way to get in and get the deals and many products they have on line willn 20%, 60% discounts though it is an affordable type store and we will see, does for them but ecommerce is the wave of the future and the dagen: seems to realize that. cheryl: over the go to the blue flag? nicole: no. check with a business from blue flight. buy something for your birthday. thank you very much. dennis: two weeks from the launch of the government's online health care exchanges. a new software glitch has emerged. the software can't reliably

determined how much people will need to pay for their health care coverage, government officials are scrambling for fixes before rollout. the problem could affect consumers in 36 states but the white house, getting the torpedoes, open enrollment will begin oct. first as scheduled. the cleveland clinic firing thousands of workers and cutting $330 million from its budget call. to coming health-care reform. mike hoban joins us from cleveland, ohio with more. >> firing is a strong word but they will cut $330 million from the budget to accommodate a number of factors including implementation of the affordable care act. there will be layoffs. the ceo says they will do everything they can to avoid layoffs which means leaving vacant positions open, encouraging early-retirement for 3,000 employees and streamlining the operation but ultimately people and northeastern ohio's largest employer will get the news they are losing their jobs

and the ceo says this is a trend that will continue across the nation. >> this is something that is going on across the country and every ceo of hospital i've talked to ms. talking about doing the same thing. >> white house spokesman jay carney said he is unaware of the specifics in cleveland but there is no hard and fast evidence that the implementation of the affordable perfect is causing hospitals to shed jobs. the ceo disagreed saying the cost of treating the patient, the cost of running a hospital remains the same, what is left to the amount of reimbursement hospital gets. dennis: thanks very much, mike coin. cheryl: iran's new president throwing out the olive branch to the united states, details on your fox news minute. dennis: new study on why you may be paying too much in fees for your 401(k). cheryl: the world's currencies. how are they going?

a strong reaction. we will 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 the snooze button?

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>> 21 minutes past the hour your foxes minute, chicago police looking for the gunman opened

fire on a park in the city's outside. and including a 3-year-old boy who was shot in the cheek. investigators believe the shooting was gain related but they have not made any arrests. the same company that investigated the navy yard shooter aaron alexis also did an investigation of ed snowden. the company said it did a background check on alexis in 2007 but couldn't elaborate. the head of next week's united nations general assembly iranian president in a washington post op-ed is calling for, quote, constructive dialogue when it comes to the nation's nuclear program. he says we must work together to end the unhealthy rivalries and interferences that fueled violence and drive us apart. those are your news headlines on the fox business network. dennis: thank you. if you are stuck in a 401(k) plan with high fees might be

time to switch. we are joined by bankray.com senior investigative reporter, thanks for being with us. how do you say that? >> exactly. dennis: you did this study that shows quite a stunning fact. a low fee versus i feel over the course of your work life, resulted in difference in how much money you have at the end of the. give us that figure first. >> a difference over $100,000. dennis: turns out the people in small companies have the highest fees, there's a big difference of how much a difference, big giant company employee plan. >> they paid three times more than large companies. is only about 1% different. dennis: if i met my employer, to

be in that plan, and to get the match and go to a lower fee elsewhere. >> you can do that certainly, if your plan doesn't see a enough low-cost mutual funds, to an ira, the lowest cost mutual-fund. dennis: with the notes, you want to do the minimum match from your employer and take your money and put it in some other place outside the employer to get the smaller fee. the good news is overall fees are coming down for these retirement plans. >> they are. they are inching down at a glacial pace. we looked at data from the 401(k) averages book. they have been coming down by 3 basis points since 2009 so it is not a big change. of basis point is only 1/100th

of 1% so they're going in one direction. dennis: 1/2% this fund and 1/2% for the other fund and to cares about the difference and the difference will mean a one hundred thousand dollars at a 30 year career, striking. >> thank you. cheryl: we let all of you know that coming of this afternoon peter barnes is going to be going one on one with federal reserve st. louis president james forward. you want to stay with fox business, with peter barnes paula all about the fed and will move the market. dennis: only two days after the fed said no pull back we could pull back next month. cheryl: going to be a great interview. hour showdown, can't even speak, all star showdown, competitors are back to battle it out to respond to the championship round. more on the line than the reputation, dinner and drinks at duke in manhattan so would is nice.

nice to get the lobster. dennis: the ceo and the founder of cybersecurity firm visited an ipo and is warning on the nasdaq more than doubled. we will talked to those guys about that and take a look at today's s&p winners and losers. my customers can shop around--

see who does good work and compare costs. it doesn't usually work that way with health care. but with unitedhealthcare, hassan rouhani let that helps me, and my guys, make better decisions. i don't like guesses with my business, and definitely not with our health.

innovations that work for you. that's health in numbers. unitedhealthcare. your financial advisor should focus on your long-term goals, not their short-term agenda. [ woman ] if you have the nerve to believe that cookie cutters should be for cookies, not your investment strategy. if you believe in the sheer brilliance of a simple explanation. [ male announcer ] join the nearly 7 million investors who think like you do: face time and think time make a difference. join us. [ male announcer ] at edward jones, it's how we make sense of investing. cheryl: time for stocks, nicole petallides on the floor of the stock exchange. nicole: we are checking in on take 2.

if you are not hid in the video-game world, this is one of the top video games mentioned to my children yesterday, and the first day of sales right away got to get fat and so this is really a 16-year-old franchise, you are seeing of the footage here from the game. quite an explicit game, a violent game but a popular one. and a hundred million dollars already surpassed $1 billion, and this is just in the first three days. and we see what a blockbuster this is or what you are using to -- and the stock is a little bit but certainly one to watch and it is only a few days and is already surpassed $1 billion. cheryl: amazing how they have turned themselves around. i want to ask about -- we are

down 86 points. and investors are more comment related, more concerned about the budget battle. >> certainly the washington story that way is on wall street, the economy story, obviously we go to washington today, something we are watching, it is a rebalancing later, the fear index is to the upside. there will be some wild trading, three dow members will be going out monday morning with three new names including goldman sachs and 90. cheryl: never knew you. thank you. thank you so much. what a difference a day makes, gold closing 5% yesterday, the freshest metal down 2%, silver

closing 8%, down 5.5%, wednesday afternoon banner day, phil flynn in the trading pits of the cme, a precious-metals was really the fed story this week. >> why we buying of a story, and silver and gold get whacked on those comments, gold and silver were a little weak on news india raised their interest rates but a lot of traders were saying what is going on? we saw a major head bank from the federal reserve. and who are we going to believe. he made it seem like stronger economic data. cheryl: peter barnes will be sitting down on fox business. thank you, appreciate it.

dennis: friday media minute, someone's leg had to roll. when a film loses $200 million so disney has bid farewell to its longstanding first look deal with superstar producers jerry bruckheimer who has been a blockbuster machine for disney, 27 films in 20 years raking in $8 billion worldwide including parts of the caribbean, the franchise hauling in $3 billion on four films. looked like a great idea when they teamed up for loan ranger but it wasn't. the nielsen ratings service next fall will begin tracking viewing on smart phones and we spend on average 32 hours a week watching live tv and half an hour watching online, big question could arise, will they next charge advertisers extra for small screen viewers? two superstar journals that the wall street journal's all things the web site have left, the founders, walt mossburg, attack

columnist god, and going out on their own. cheryl: he loves that he is the text guide. dennis: talked of the nasdaq, cybersecurity firm doubling in price after its ideal. we will talk with the ceo and founder. cheryl: and they are back, to duke it out. oliver porche and jim frischling, the rocketing into the championship round. who will be saying goodbye? next. ♪

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cheryl: cheryl casone with your fox business brief, rates went up last month according to the labor department in nevada having the highest unemployment rate at 9.5%. the lowest rate is 3%. president obama is in missouri to torah for auto plants, recently hired 16,000 workers to build parts and the f 150 pick up and called back hundreds of laid-off workers with a third shift. target will hired 20% fewer holiday workers and the retailer plans to and 70,000, down from 88,000 last year. targets as 1-third of workers were hired after the holidays and time.

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and helps plan for your retirement. talk to a pnc investments financial advisor today. ♪ cheryl: the all-star showdown. we are getting closer. the winner of the ultimate stock-picking competition today the results are in for the second and final week of the semifinals. oliver porche from gary goldberg financial services and jim frischling of new york capital made the pick in august. we tracked them for a month. time to see what is coming up, you were big here, and go big or go home, you started with apple, this was your first pick.

at the time you said early, september, will boost the stock. >> there was a misfire although it recovered nicely in the last few days. the bottom line with apple is it continues to be an undervalued stock with a great story. the sentiment is negative so patience is a part of the picture. cheryl: stock down 33%. >> not a lot. cheryl: all right. we will stick with this. let's move on to jim. at the time you said this was the turnaround story with a lot of free cash flow and management changes. why do you like this company? sticking by it? >> we like the ceo, he will generate shareholder value and incentive wise to do so. we talked about the head winds they are facing with the european economy but the fact is we like the r&d, the innovation and packaging industry the general is facing, we like it

and especially this. cheryl: the stock that is actually a 80% over the last year well above the s&p 500 we shared a comparison. year over year we were talking long-term. you picked a big name, visa, breaking news. >> visa is a great company, great way for the financials without taking risks from the jpmorgans and other banks, let's face it there's more trouble ahead. stock is up nicely, way oversold and definitely sticking with it, we think it will do very well. cheryl: and it had been oversold a you got this news it will be moving into the index. >> obviously -- cheryl: was moving in to the index today. >> yesterday would have been even better. the stock has done well. last month is up 6% or 7% something along that so beating

the s&p. cheryl: nervous? >> added to the dow, you are a little bit of trouble right now but that is not the only reason it is up. cheryl: watching the show now. all right, here it is the second pick, you said that at the time of month ago you said two acquisitions, reducing debt, stocks down 2% over the last year. >> we like it to the acquisitions from chesapeake so we were betting on that and we were heard a little buy it so d.c. group passed on its right to buy on its 50% stake, and the stock mentioned challenges, and there's better opportunity elsewhere. that will be a drag. cheryl: do you agree with this? >> not in a we follow. and investors are not going to

get compensated for high risk right now so stick with the larger one, thematically speaking -- cheryl: and go home. let's see how these stocks third since you picked them and who will be moving on. it was rotten, down over 5%. it -- the the the first two. the second it was visa, it went hy over 8%, going in to the dow, and the resources are down over 5%. and total 1.5%, you are down over a point and oliver porsche with everybody. >> my new about the first eleven months of performance of the question is going forward. the problem with doing something over the course of a month is

speculating in trading, not investing but we agree on this. it was a meal not just for the two of us but the fox team and that comes my way. cheryl: dinner at duke's you are buying. i am bringing cameras. you know i am coming. >> if you are. the next round. i want to add that to the champion. cheryl: moving to the championship round, dialling robert luna in phoenix but i am going to shake out next friday, robert versus oliver. showdown title has taken also, there is the trophy. thank you. dennis: cyberipo and rally in suit. california security firm fire i listing on the nasdaq today. it has been a huge day as shares

trade double their ipo price. the company and its ceo cashing in on the pandemic and cyberthreat, 1 of the most anticipated ideas joining us for the nasdaq on fox business. and the founder, thank you for being with us. the ceo, let's start with you. ten months ago, the rise in the stock price, $80 million in wealth, the value of your stick around $175 million. did you make the right move going to be the ceo less than a year ago? >> i think i did. it is a great market obviously and i am humbled by it but security is important as you know, i have a great founder along the way with great technologies so it is good to be where we are now. dennis: your wealth is up

$200 million based on the rise in the stock price, the ipo fell four hundred million, of wealth creation. as the founder of the company did your bankers at goldman sacks, jpmorgan, did a air by pricing this puppy to goes up to 40, should be priced at 35 or 40, left money for your company? >> we think it was priced at the outset and tough to predict demand the day before the ipo and sometimes you think it is hard to predict that. we thought we were doing the right thing and wanted new investors to make a little bit of money. better than we hope. >> when you look at company finances, $60 million and the stock would go up and double in the opening day. is there a tech bubble in the making or real substance here? >> there is a lot of substance

here. the company has a different business model, revenue is a trailing indicator of success, we are a fast type model about half of our businesses from the balance sheet subscriptions and service on the cloud, we are investing, we see a huge opportunity in security around a world and try to build a global architecture to scale this for shareholders downstream and we put in a footprint that allows us to leverage that and overturned and have a chance to grow and be meaningful. dennis: how soon will your net income, real profit and how much patience will your investors have to give you time to do that? >> the opportunity, we look forward to driving the initial goal that we have but the model is highly leveragedable and if you want to tone that you can. we are shooting for growth. dennis: when will it be profitable? give me a deadline.

give me a month. >> we have a target model out there and we are focused on top of the line growth and we are an acquired period until we announce earnings that over time we will show how the model unfolds, very powerful business model and big opportunity and we aim to really grow this company. dennis: do us think this ipo today kind of shows we are filing over the sting of a face book idea where it went public at 38 and slid down? >> the equity market is back in its model like we have. dennis: you were saying this is software as a service model, different from a lot of other cybersecurity company so you get two for peer investors who like a cloud play and investors who like cybersecurity we are all going to die play. >> yes but there is a lot to the technology. a vast portion is one portion. the company has built some revolutionary technology and

security, we build a virtual machine model, these virtual machines can communicate not just within one enterprise but to the crowd as well. we have a powerful network affect among the virtual machines so the combination of clout architecture, revolutionary virtual machine technology, hot market and very interesting business model creates a nice recipe for the company. dennis: thanks, gentlemen. i want to see if someone comes out and buys you. a couple ideas came out and year later someone buys you. very good day today. congratulations on that wealth creation. thank you. cheryl: time for stocks on the floor of the stock exchange and jonathan core pena, meridian equity partners, we're getting these comments from esther georgia. she is saying the correct decision by the fed. what do you make of her comments? >> we have different takes on what happened out of washington, clearly down here we were back and forth as to what was going to happen but more importantly what is going to happen?

do we see something in october or december? that is why the market is reacting as it is, investors taking profits off the table but once again that uncertainty of washington coming back to traders' main street and wall street and we will see pressure on the market. cheryl: seeing things like this is disappointing, this decision, pretty vocal, wanted to get your take on that. thank you. hawaii's molasses spilled could end as we export trade. we will have details in the west coast minute coming. dennis: where is epa when you need them. ♪ [ engine revs, tires squeal ] [ male announcer ] since we began, mercedes-benz has pioneered many breakthroughs. ♪ breakthroughs in design... breakthroughs in safety... in engineering...

and technology. and now our latest creation breaks one more barrier. introducing the cla. starting at $29,900. ♪ bjorn earns unlimited rewas for his small business take theseags to room 12 please. [ garth ] bjors small busiss earns double miles on every purchase every day. produce delivery. [ bjorn ] just put it on my spark card. [ garth why settle for less? ahh, oh! [ garth ] great businesses deserve limited reward here's your wake up call. [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose double miles or 2% cash back on every purchase every day. what's in your wallet? [ crows ] now where's the snooze button?

>> time will west coast minute. california the first state in the country to regulate late sharing. will have oversight of its company, they connect passengers to drivers by smart phone. california will require drivers to undergo background checks, robert training classes, carrying million liability insurance and drug and alcohol testing. a new round of tax breaks could create 1,000 new jobs in the wall street area, and approve the request from different companies like barkleys and ge transportation for new project. this will an end to the export from hawaii to the mainland. on september 9th the result of the weekend when the company is taking responsibility for the accent who. and state regulators are waiting for lines and bbn tea market analyst kevin sterling wrote in a know that he believes massive losses will be hitting that company. we will take a look at alexander

and baldwin, owner of the molasses producer hawaiian commercial and sugar, trading lower by 0.9%. that is your west coast minute. dennis: that molasses situation is a sticky situation. molasses futures trading going wild. make sure to stick with us on tuesday's show. joining me exclusively at 12:00 noon eastern for a special meeting, disney chairman and ceo bob eiger at 12:00 eastern on fox business. love you. cheryl: that will be a very interesting interview. it is an honor, and and and the joke before we end the show. i saw on twitter we should call the emmys sunday night the breaking that appreciation night. are you going to watch? >> i have to. it is my job. cheryl: i ate one have to watch television to do my job.

what should i wear? that is the question. any and oscar parties for several years. there is the dow right now down 71 points, 564. dennis: breaking news. st. louis federal reserve bank president james bullard said to speak in manhattan n.y. he is expected to take a left turn shortly. in his statement he will say the weaker economic outlook that helped in the decision against a during this month and he also says they deliver markets would trigger tapering, that is a good clue for investors to watch, better labor market, bring that speech to you live and peter barnes will be there, has him one on one with the st. louis fed president this afternoon on fox business. cheryl: stocks are struggling, it will be a volatile day. the fed, stoppage money printing where the table will be.

lori and that will bring the four stocks that we -- that won't would. dennis: an interview will only see on fox business, why they're up reading one of the major california starts to move next door. cheryl: all ears. bob pigman with his plans to fend off competition from the likes of pandora and the new radio, first on fox business coming up.

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folks have suffered from frequent heartburn. butetting heartburn and then treating day after day is a thing of the past. block the acid with prilosec otc, and don't get heartburn in the first place. [ male announcer ] one pill each morning 24 hours. zero heartburn. lori: i am lori rothman. adam: and i am adam shapiro. investors struggling to digest the mix messages from the federal reserve. lpl financials says it is all up to washington and if congress can get its act together.

lori: though wait for two new iphones stretching for blocks. check that out. adam: clear channel chairman joins us in a for on fox business interview. his latest gamble starting today from las vegas. the retail shakeup in california's nordstrom cut the ribbon at a new location. guess what, it is just around the corner from the other location. adam: right now we want to find out why the dow is down this hour. we will go to nicole petallides for that. nicole: we have had a nice run.