stuart. new york federal reserve president phil dudley is the latest to talk on the economy. republicans try to cut off the spigot to obamacare. the big companies who pay their employees the most. that did not take long, the first reported hack on the new iphone. all that and more on this hour of "market now." ♪ dagen: connell is not here, unfortunately. he is already at the imus golf outing. time to go to nicole petallides

at the new york stock exchange. nicole: we have the new members today. alcoa, bank of america, hewlett-packard now out. we have seen goldman sachs. financials are drinking on this market. goldman sachs is one of the big lagers on the dow today. i was chatting with mark newton. he was saying that the market is facing some headwinds recently. the banks are weaker. we are watching names like goldman sachs, citigroup, bank of america, jpmorgan. overall, the financials are weaker. dagen: thank you. how much of this has to do with the federal reserve. now we have new york federal

reserve bill dudley talking in a speech this morning. he is saying that we have yet to see any meaningful pickup. peter barnes joins us now here in new york. peter: we are here at fordham university. basically because the economy is not chugging along as high as he would like it, dudley voted against tapering. that was, of course, a surprise shock decision to the financial markets after months of hints that the fed officials could begin to taper in september. they never promised to taper in september.

dudley is spinning out to try to explain the vote last week. he said that the fed needs to keep quantitative easing at full strength. >> fiscal uncertainty is at large right now. assuming no change in my assessment, i would like to see economic news that makes me more confident. then i would feel more comfortable. peter: dudley is also watching the backup in interest rates. this taper talk begin back in the spring. he wants to gauge a little bit more of the impact. back to you.

dagen: we saw what happened. all of these banks got ready to lay off 20 some thousand people. peter, thank you very much for that reporting. with more, let's bring in chief strategist officer at raymond james. is this a short-term pullback, how much longer will this last, jeff? >> it looked like a short covering rally. it should have been expect it. anyone who was shorting stocks basically had to cover them. the history of moves like that where they combat down to a previous and important highpoint

, if you close below that today or tomorrow, it suggests you will get more of a pullback. dagen: what about the months ahead? >> i think that earnings will continue to come in better than most people expect. i think the world is still profoundly under invested in u.s. equities. i think there are a lot of good things going on. i think that there are some bills working their way through congress that will be very beneficial to the overall economy. dagen: in terms of the sectors, do you like energy here? financials looking weak today. where would you put your money? >> i still like the financials on weakness. the most valued sector out there continues to be technology.

dagen: where do you see longer-term interest rates? at what point on the ten year would that be a negative for stocks? >> i think you ended the secular bull market in july of last year. i think it is overdone. i do think, however, over the next three years rates will normalize. 5%. dagen: that will not be a headwinds for stocks. >> if you look at the last one that ended in 1954, rates went up pretty sharply over the next few years. if rates are going up for the right reasons, stocks can still do pretty well which is where i think we are at right now. dagen: there you go. jeff, thank you very much.

be well. we will see you very soon. >> my pleasure. dagen: ted cruz tells fox news sunday regardless of the outcome, the house needs to hold its alcoa. >> i do not think harry reid and president obama should shut down the government. if that happens, if harry reid killed this bill in the senate, i think the house should hold its ground and continue passing smaller resolutions one at a time. the house has two lead on this. we have by written here now.

in terms of turning this spigot off in terms of obamacare, is this a fight worse fighting for republicans? >> senator lee circulated a letter asking his fellow americans to pledge. he has only gotten 15 out of 46 republicans to sign that letter. dagen: for a filibuster, they would need 41 out of 46. >> that is right. cruise and we have come up with a tank shot strategy. they have to filibuster if. they would have to give 41 of their colleagues to sign onto

that. dagen: you have that crucial deadline. if the republicans want to do anything on obamacare, don't they need to act now? >> there is some argument on whether or not even that would work. some parts of obamacare are funded with yearly funds that they are talking about on capitol hill right now. other parts are like social security and medicare. to stop them would require the house and senate passing a law, in other words, amending obamacare. dagen: what about the potential, though, for a american people against obamacare and a bigger way. the software glitch is getting in the way. home depot is taking its

part-time workers and dumping them onto the public exchanges. bit by bit, people could possibly wake up to how their own health care could change on this. with the republicans have more mojo, so to speak? >> you are absolutely right on that. we do not have the numbers to defund it right now or defunded by september 30. you have these exchanges going online next week. did you have the whole thing with subsidies going online on january 1. if it is the disaster that a lot of republicans think it will be, that will create momentum. you have republicans arguing that they need to wait a few months to see what happens. dagen: do you think we have a

government shutdown? >> no. i do not think so. we will go right up to the brink and we will have all of these last-minute negotiations. there will be some kind of deal at the very last second. dagen: great to see you. thank you. get your resume ready. we have the latest list of companies that pay their employees the most. the latest iphone already hacked. plus, some numbers to tell you about. we bring you the best case scenario for these firms handling your money or whether the stock deserves your money. take a look at the oil market. down almost $1.50 a barrel. ♪

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pay scale has created a list of the fortune 100 companies with the highest paid employees last year, excluding executives. starting at the bottom. fannie mae. that is really owned by the government. chevron. $95,000. google and oracle were tied. at the top of the list, $110,000 at microsoft. after less than four days on the market, apple's new security feature appears to have been hacked. they posted a video online of what appears to be that club defeated apples do fingerprint

scanner. apple has yet to comment on the claims. you can see shares are much higher today. they were up 6% premarket. they sold 9,000,005 5c and 5s phones. nicole: we are taking a look at general motors. the two of $3.2 billion. it is at $27 a share. it looks like they will have senior unsecured notes. five-year, ten year and 30 year. general motors is a winner this

year. certainly, a stellar performer. general motors is also working on an electric car. the other thing in the auto industry is central ipo from chrysler. a lot going on in the auto industry. this is the top story for gm. dagen: thank you so much, local. the deadly attacks in kenya and what they say about the strength of global terror. janet yellen will take a look at how the world currencies are holding up against the dollar today. ♪ ♪

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>> 21 minutes past the hour. apple pro. new record over the weekend selling 9 million 5c and 5s

iphones in just three days. the gold and blue models are the most popular. the new guidelines are expected to allow breeding e-books, listening to podcasts and watching videos. the hugh jackman, hugh jackson kidnapping drama won the box office. insidious chapter two was second. those are your news headlines on the fox business network. dagen: it is one gorgeous day

for some golf. the imus golf outing is about ready to start. connell is out there. connell: you like how i'd call in during the middle of the show. it is beautiful. dagen: once i get done with work i i am out there. who are you going with? >> someone who doesn't know that the last time i played golf was at this time last year. there is a bald man with a flowered shirt haggling me. it is bernard. dagen: bernie has sort of a short shelflife.

i think that once the son hits, he will catch fire. connell: they are all here. somehow we did not get pulled over on the way over here. let's keep this between us, $5000 extra. it is a great thing. it will be fun. we have a great group. i think the i-man is taking a power nap. he will be out here later this afternoon. dagen: you will be fine. you are a great golfer. i wanted to ask you one thing. you really got to see their branch of close.

it is something truly spectacular that they do out there. >> yes. it is absolutely spectacular. the perspective of just being there and seeing how beautiful it was, but more to the point, we titled it imus ranch changing people's lives, it was titled out for a reason. we solved a way that they battled through their own conditions to anything that any other kid can do. it is a terrific place. it is a great cause. dagen: i will see you shortly. take care. connell mcshane at the imus golf outing. everyone will be out there.

it will be great. the federal reserve fallout on the big banks. we look ahead to a central bank run by, very likely, janet yellen. here are some of today's winners on the s&p. ♪ @??

came away with to wine aboard but it gave up a little bit short kevin spacey what is this doctoring today? >> interestingly went to all

time highs but has pulled back moving into negative territory now down just over 4 percent but the big picture it is a $300 stock it will fluctuate people will take the profits at the top with a record high but we will see if the trend continues right now down by 4%. if talk being about what we have seen it is time for the emmy awards that this is not a cable network but online streaming television and. so b.c. they got in and the last night for a drama series directing also to others so a total of three with nominations and relate to show themselves generating even more buzz for house of cards for the netflix of regional programming.

dagen: i cannot wait for the next season. continuing to battle al qaeda linked to terrorist where 62 people were dead the siege started on saturday. we're standing by in jerusalem. >> as the sun sets on a day nursery of the kenyan hostage crisis the sources on the ground said they are think they are down to the last ben mann or the last group on one of the top floors looking at a live picture right now from nairobi. vicki average is 150 yards from the mall. if you can see that big plume of smoke we're not sure what that is from but throughout the debris have heard explosions coming out an automatic weapon fire coming out in a succession indicating there is some type of siege or gun battle

going on between union troops inside the mall and then the terrorist also inside the mall. although the 100 kenyans in the mall they are not a hostage rescue teams are special forces but just regular soldiers. pressed into action in 48 years ago we begin starting with video inside the mall. people or at the supermarket when the gunfire initially broke out. then also you can imagine the terror and chaos says everyone tried to figure out how to get out of the situation for a good number of people did get out others were questioned for weber people said they were muslims were given a litmus test to answer questions by the name of the profit mahomet's mother if they failed their executed on the

spot. that number could go higher also five americans are injured and a possibility that some of the al-sabah militants out of somalia behind the attack may have used americans they recruited to be dead man as well. dagen: from jerusalem. contrary to what the administration would have to believe the latest attack is proof that al qaeda is still there and getting stronger. a senior fellow for national security affairs at the heritage foundation in joining us now. how should the west react? what should we do? >> obviously americans potentially these terrorists are actually american. we have seen the terrorist group al-sabah recruit here

in the united states and as they fight with elsa bought in africa. there is a lot to be concerned about. and that we need to be very concerned. dagen: where you have terrorist basically sees them all and it started on saturday in the year still in control of the situation there. do we need to be more concerned of that type of attack? >> it is called a soft target. i have heard from people who have been to the mall that it is to keep out the riffraff. with the location frequented by those in nairobi for foreigners.

these are soft targets so definitely we need to be concerned about the special we have seen what has happened. dagen: how good is the security at the polls or the stadium's? >> the nfl has stepped up but also there is concern about access. there is concerns about civil liberties and that transportation security agency and what they do. it is a very difficult thing congress to take a look so take a look of what is happening in the united states. dagen: is al qaeda holding steady and strengthening? >> i think they are researching. but talking about a small

group in afghanistan and pakistan with those involved in 9/11 but now we see researcher in iraq, syria, kenya, out of somalia, a group in nigeria and bought a grab responsible for benghazi, the mali, yemen mali, yemen, and they go to places for there is chaos and weak government where they can train and operate. their local and national but we have to be concerned of the possibility they will put the united states in the cross hairs. dagen: great to see you. keeping a close eye on nairobi. we're standing by with the thoughts on everything you need to know about financials. carry grant, the clark

gable, elvis, a former president george w. bush and jeff flock shows you the century-old legacy. and cheryl cassone will look at the top headlines of the day including janet yellen and who will be the next fed chief. take a look at long-term interest rates are going today. [ male announcer] surprise -- you're having triplets. [ babies crying ] surprise -- your house was built on an ancient burial ground. [ ghts moaning ] surprise -- your car needs a new transmission. [ coyote howls ] 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.

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>> i have for fox business briefs. wal-mart will hire 55,000 temporary staff over the holiday season, a 10% more than last year. target already announced it is hiring 20% fewer workers. close will add 53,000 roughly the same as last year. general electric says it has reached a deal to provide generators for power plants in algeria. expects to ship 90 generators all over the world this year down from 133 last year. the maker of the little debbie cakes was bailed out of the hostess bankruptcy and they are launching a the

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dagen: we're still taking in the fed's decision last week to do nothing. where do they go from your? and running thief funds it is great to see you as always what does that mean for the big banks? they could use a higher spread of this point with long-term rates our higher and you keep short-term rates lower? >> there is no doubt it correlates with the bank stocks. in reality the earnings have been very effective other than the mortgage is down, competitive pressures in terms of the banks battling each other.

this entire move of long-term rates has not done anything helpful. i thought it was wrong from the perspective i did not expect it to taper but if the does from the big banks and props up the market environment and the ticket there was a very strong equity calendar of lot of ipo. the offset is from fixed income securities. dagen: look at how they have done the last 52 weeks when of the best performing sectors out there with the 20% gain, where do they go from here? how cheap to the local and earnings? >> even though there is a giant move fits 2011 moved down was wrong and last year

they played catch-up in this year to the normalise numbers but would get the s&p with the earnings growth with the s&p 500 look at citibank and jpmorgan and they all have pretty good for word earnings growth credit continues to get better, issues are passed over a and following the legal issues they have earned as much money they can overcome these easily. dagen: the wells fargo huge mortgage business with a small move of interest-rate with the refinancing activity that has just dried up. deal like that here? >> for seibald of mortgage business is variable which means with times access you have cost and that is what

happens in with the boom times you have people making more money. the balance sheets like wells fargo owned the mortgage servicing rights that increases in value when the loans don't prepay so that rises if you get those interest rates so there is the earnings offset it is bigger than jpmorgan. they have done a good job to manage through their issues and challenges but i think wells fargo has done a good job managing the turbulence. dagen: what about the no man's land? day you expect them to take any type of major action between now and january? >> i don't expect any data to be good we have a

headwind right now clearly obamacare has caused not to spend because they don't want to sign up for what they don't understand. clearly the fed is the only game in town i expect nothing to do change and bernanke doesn't want his legacy to me he took away the punch bowl. i did not expect a taper and janet yellen will not we do need good statistics with jobs that are full time paying people properly. dagen: great to see you. we will see you soon. apple sells at 9 million new iphone in its first weekend. investors like what they see. we don't know the breakdown of china that was a new

market for the iphone. so how much can we read into the strength because that 9 million was at the top end of what people were expecting. >> would it shows is despite the fact there were not very many ground breaking things is that apple still enjoys a large customer base and people of gotten frustrated with the tim cook version he just is not rolling out the products fast enough. you saw they expected to hit the higher end of sales projections for the fourth quarter they will just have a faster quarter based on the phone. dagen: looking at the microsoft surfaced tablets announcement, can it make any type of dent? the ipad is getting old can make a dent into that business?

>> it is in its own unique situation where they have a lot of cash they are starting to make moves there is the old adage that to he who controls the most wins at the end of the day the fact is microsoft has been relying on a the personal computer too long now we saw the move with nokia so i expect them to do some great things. whether it pays off time will tell but they will try their best to break into the market. dagen: good to see you keith. wall street's best and brightest heading out of town. not rome or london but chicago. our jeff flock is at oxford closing with more. you will be asked a sporty

event and having a suit dawn. i am your facebook friend. >> i enjoy wearing suits. i warner are money today and he said it is a piece of crap. those in the know accommodative the oxford suits it is part of the largest handcrafted suit maker in the world. this is a building on the newest cited chicago where everything is done by hand. one of the new young guns what makes it so special? >> the attention to detail the time we take to make sure the garment fits exactly the way that it shed to make you look your best. >> know they looks funny in the oxford suit. >> look over the years clark gable, humphrey bogart, people who spend a lot of money on their

clothes remember rob away of its? -- blue goya a? this is incredible even through a machine they do that by hand. it is not factory made. to poke my head -- might headed on a master tailor has been cutting and cutting close for how many years? >> 55 years. >> tell me why this is the best in the world. >> because we learn the business. >> you have not changed anything. >> we have not changed anything. >> maybe you know, they are sown at specialty shops a run the country even saks fifth avenue so oxford

closed. of the largest soup maker in the world i wore a and our money and use it is no good. i split paid good money it is native italy. [laughter] you paid money because it is made in italy. >> you can do better and cheaper here? >> i don't understand why the american people by the suits made in italy. >> he explained this armani is not made by hand just a knockoff. there you go. dagen: i was going to tell you what he told you is that our money is not so good. you have to get an oxford

suits before you leave today have them fit you. >> here's the problem they start at four grant that is the cheapest. >> talk to my boss about arrays. >> think if you switch from armani to the oxford. >> i will wait for somebody to die in it will go to a salvation army. think of all the chicks you would pick up. dagen: day are pricey but they are spectacular. looking at the market action at this talk of the hour the fox business all stars you do not want to to miss it. weekdays are for rising to the challenge. they're the days to take care of business. when possibilities become reality.

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dagen: a nasty sell-off on friday the dow was down 58 points what is happening at the cme of chicago with people covering their short positions? what is going on? >> but building up over the past several months while the stock market has rallied in the vix index is dropping mr. positions but it has doubled from the end of june until now they have been betting that the fix index will continue to drop with the stock market rally they say if we have more false we w the downward trend and a lot of

those will be caught backwards to exacerbate the sell-off. it is important 2.0 the vicks index is up 11% it is coming to fruition so a warning flags anybody to shorts the vicks index volatility may be back. dagen: that makes perfect sense. the federal reserve talk in the budget reserve talk we are all over it coming up on the next hour. along with mr. david as an end. coming up. you cannot afford to mess et you? i'm, like, totally not down with change. but i had to change to bounce dryer bars. one bar freshens more loads than these two bottles. i am so gonna tell everyone. [ male announcer ] how do you get your bounce? [ woman ] time for change!

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dennis: i'm dennis kneale. cheryl: hello, everyone, i'm cheryl casone. something different. our monday power panel will be here with a look at headlines.

dennis: janet yellen as fed head, good for markets or economy? cheryl: are republicans about to make president obama a hero. dennis: after kenya terror attacks should u.s. shopping malls be stepping up security. cheryl: we want to hear from you. tweet us your take at fox business, #mtn. that is for markets now. dennis: first at the top of the hour we have stocks every 15 minutes. nicole petallides on floor of the new york stock exchange. nicole. >> dennis, cheryl, we're seeing a market down 61 points for the dow jones industrials. down half of 1%. financials are weighing on the markets, pretty tough to move forward the way financials a acting. analysts at citigroup looking at their revenue numbers per see you how they would perform. bank of america coming out of the dow. jpmorgan with all the penalties they're paying.

goldman sachs into the dow jones industrial average including today, including visa, nike. you have three new dow components, all three to the downside. goldman sachs is weighing on the dow, seven points give or take. hewlett-packard, alcoa and bank of america out after the close of trading on friday. these are the three new dow components. welcome to the dow. look at apple, right? selling more iphones than expected. we're talking about nine million mark. we don't know how exactly at that broke down between the 5s and 5c but i got to sell you socgen, one. analysts there, andy perkins talking about the fact, the few analysts now actually puting a hold ratings, downgrading and saying these sales may come at the obviously the cost of the 4 and numbers that come out in october may not be as great as you think. back to you. >> thanks very much, nicole. cheryl: a lot of news over the weekend. we've got a busy week ahead. let's get to monday headlines. joining news the studio, we have liz macdonald and david asman and from the cme, sandra

smith from chicago. first up, issue, janet yellen, to be next fed chief replacing ben bernankeings, but is she good or bad for the markets and economy? first to my colleague, dennis kneale what do you say? dennis: i think probably good for the economy. wall street wants more of same. she is more likely to give more of same than some outsider they don't strangely trust. cheryl: david asman, what do you think? >> i'm so sick of the fed. they final little realized labor participation is an important part of unemployment figures. they finally realized that their growth figures are lousy. they have been forecasting 3% breath forethe past year-and-a-half and we haven't come close to that they still refuse to acknowledge there is any inflation. bottom line point, janet yellen is part of the crowd. part of this yellen, fed crowd that is always behind the curve. they remind me of fcc regulators two steps behind the markets that they're supposed to regulate. i think that any action of the

fed here is counterproductive to the economy in general. they have proven themselves to be lousy at predicting economy and directing the economy. cheryl: sandra smith, at cme, what do the traders there say when it comes to janet yellen? do they think she will be good oo bad for monetary policy? >> bad. if we're getting more of the same from janet yellen, that means more fed intervention. she will con intin the quantitative easing by the way she is one of arquettes of. they want markets to normalize. they want to find where interest rates should be on their own. they don't want janet yellen to be setting interest rates. they will get more of the same. eventually we have to pay more of the same. we don't individual. >> what will be the black swan event that said fed is wrong? commodity price spikes and food price spikes. we haven't seen that yet. full throttle fed, no way. we're living in a ear after economic hypochondria we're

talking about fed's forward guidance and what the fed is going to do and not company's forward guidance. i hope to see the day when we get pack to what companies are doing than the federal reserve. cheryl: we heard from william bentley, fedex, it is all data dependent. it looks like they may not taper until 2014. dennis: every time we think the fed will zig, out cops with a new speech where they will zag. >> you're looking at full jobless rate, which is what janet yellen says, 14%. they keep money printing. d.c. has to get their act together to help job creation. >> at least they're finally admitting by the way they're wrong on the labor participation rate. bernanke also admitted he is wrong, been grossly wrong on the growth statistics. to be off by a full percentage point for a year-and-a-half, they should be fired! dennis: one thing bothers me, is janet yellen the frontrunner, as if the liberal mob in washington

pushed aside another economist to go for the first woman at the fed. let me ask female members of panel, do you think it strike as great blow for women's equality that we have woman head of the fed? i don't care. >> i don't want affirmative action for women. i want them to get up there on their merits. >> absolutely. >> get that on their merits. if she is the best person for the job i'm all for it. guess what, it is not about if she is dovish. we know she is. it is not about if she is hawkish. whether she does the right thing. judge napolitano questioned it whether we need the role of fed. i think we need someone who reassesseses the fed's place in this country right now. >> you could have a computer do it. cheryl: go on to the next topic this is friedenning topic, deadly gunbattle continues at a upscale shopping mall in kenya. al qaeda-linked terrorists have now killed 62 people, we know, we know terrorists continue to target other countries including

u.s. should malls in the u.s. beef up their security? >> yes. we had five dozen mall attacks worldwide around the globe. we don't want the movie "mall cop" there. are consumers going to get scared. we have black friday coming up. consumers seeing men with armed machine guns and get scared? other bottom line problem, watch this. if you have to pay for more security at malls, rent paid, the stores have to pay has to go up and prices go up. >> cyber security. we have, what about cyber security. maybe we're missing something. dennis: i'm sorry. when some little town in pahokee, florida, decides to increase armed guards at their mall, self-important and dramatic. they will not be attacked. i don't think we should have a sweeping nationwide guard-up. i think it does more damage to the spirit than it protects us. >> dennis is good focusing on spirit. you were right on the way to rebuild after 9/11. we did that it has been great

for the spirit. however question whether the attacks are practice not to say what happened in kenya, i don't want to diminish the significance of that, whether it is a practice what happens in the united states a lot of people say it is. there were some u.s. citizens apparently involved. they were part of the attack group. they still haven't killed them all. a lot of them will probably get away. if that was a practice what will happen here i think we should prepare. we'll have to pay more for it but i think we should. cheryl: sandra, some of the details out of kenya is frightening. the gunman looked at someone if they know the name of allah's mother. if they didn't they would shoot them. they were targeting christians. >> knee-jerk reaction is never a way to solve the problem f we pose more security for u.s. malls. that will have more security where you don't need it. this is time to identify the

trend in this country. where crime rates are highest. do something about it on per state, per city sort of basis. knee-jerk reaction never a good thing, whether it is the markets or imposing laws to keep people safe in this country. cheryl: let's move on to another topic. this is something i know everyone will have a very strong opinion about, the looming government shutdown. i have already got someone laughing next to me. we're about eight days away. the house voted to defund the government by defunding obamacare. texas senator ted cruz was on "fox news sunday." >> i believe we should stand our ground and i don't think harry reid and barack obama should shut down the federal government. the house voted to fund the federal government. harryshaar id th geren ahodisn tmecaeole. op goverent. fund the government, but don't fund obamacare because it is hurting the american people. cheryl: you think tea party republicans like cruz are making president obama aerohen all is saved and done. yet, dennis, look at polling

most americans don't want obamacare. they -- dennis: nor do they want a government shutdown. i think tea party republicans are makeing a big mistake here by shutting down the government over what is, let's face it, the law of the land, passed by a majority and approved by the u.s. supreme court. don't do it here, guys. get a majority and -- >> majority in the congress at time but led to the 2010 debacle which republicans took over more seats than done in recent history because of obamacare. dennis: what about the president's debacle for 2012? >> he can say i won the issue in 2012 but republicans say we were elected to the house of congress to dot will of our people which is get rid of obamacare. >> who would be to blame? would the democrats be blamed if the government were to shut down? they are saying we don't want a government shut down, but should the gop change course, we have want a delay in the individual mandate? >> that is where -- >> already been delayed. no, no. it has been for businesses

not -- how can the government force average americans, individual americans, as liz was talking about to sign on something their cronies, their buddies get exclusions for? they get waivers because they don't want it. average americans should get waiver. cheryl: sandra? >> we'll talking about who will be to blame here? republicans need to step aside, let this thing happen and there will be one guy to blame if it does happen and it will be a miserable failure, president obama. why are we continue to try to put up this fight? nothing will happen. it is going to go. >> you know what the fight should be about? even the white house says we have 14,000 empty federal office buildings we could make a trillion bucks there and $200 billion in duplication and waste. why always hit up the american taxpayer. >> another point. if this is his signature issue, obamacarings, we use thinks name to describe this new line, why doesn't he sign his name on one of these new, one of these new health exchanges? he could sign his family up. if he believes so much in the

bill named after him, why doesn't he sign on to it personally? he get as waiver. >> as a fiscal conservative, i believe obamacare to really, really hurt this country badly i still want to say i think house republicans 40 times to defund it, knowing it won't pass the senate, knowing it won't pass an obama veto is just stupid waste of time. >> they were voted in to do something, dennis. that's what they're doing. dennis: if i get that in there, it is all optics, guys. cheryl: liz, you're smiling. >> i think better strategy, gop focus on delaying individual mandate. when they lose that, they will get the people on their side, maybe. >> then in -- i'll let it go. cheryl: guy, smiling there. we've got one more thing i get your take, then i want to wrap things up, guys. you're great. everybody here in new york, by the way, sandra, watched emmys. we're wondering if netflix is winner. stock hit a new high before pulling back.

what do you think? >> i declare a new winner. i can't tell you how many people i know forgoing tv sets. watching netflix. not paying for cable or directv. they're watching netflix. wave of the future. i say a huge win for netflix. cheryl: they made jokes about it, dennis. dennis: yeah they were, before we start drinking the netflix kool-aid, netflix, "house of cards" won three emmys, hbo won 27. netflix has a long way to go. >> i personally canceled hbo or showtime two or three years ago. >> really? i have to admit i was one ever those who wasn't watching emmys. i was watching "boardwalk empire" on hbo last night. i watched it twice because i missed part of the first part cooking dinner. cheryl: david asman, liz macdonald, sandra smith. thanks very much. happy monday. dennis: all right. everybody got a piece of that one. one of the best in a hedge fund after an 80-year advertising ban imposed by sec.

starting today now hedge fund can advertise. so can startups. the good and bad of it ahead. cheryl: as homer simpson would say, chocolate, hmmm. prices are heading higher. we're live at the cme to see how you can profit. take a look at energy. we'll be right back.

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cheryl: right now the dow down 4points. -@could be the third day in a rw down for the dow and s&p. i want to show you a couple sectors really geting a lot of attention, in particular, back to the banks. with all the changes to the dow, we'll talk about this in 20 minutes with another panel, i want to show you how some of the regional banks are doing, a lot of analysts say don't want big banks. watch smaller names like pnc or suntrust. wells fargo is considered one of the bigger names. going back to the banks overall, as you can see they're doing well. here are the three markets, dow,

nasdaq, and s&p down a little bit. let's bring in nicole petallides from the floor of the new york stock exchange. you're looking at nicole. >> looking at blackberry, under pressure again, cheryl. let's look at the stock for just a moment. trading $8.35. a far cry from the $11 range when we were talking about blackberry being a takeover target not too long ago. down 4.2%. this is news in the latest quarter they will take a charge of nearly one billion dollars, with underperforming sales there and what's interesting, we talk about apple, just to give you some context, apple, for example, sold nine million iphone units in three days. that well surpasses the just 3.7 million that blackberry sold in an entire quarter. so really are shows you. what they are doing for blackberrys they're changing their focus, leaving consumer and focusing on enterprise and focusing on businesses that is their strong suit.

that is the area where they see stability. they have security for emails. that is something touted and talked so postively for blackberry and that is what they will continue their focus with going forward. back to you. cheryl: nicole. dennis: the demand for dark chocolate is pushing up cocoa prices. phil flynn is in the pits of the cme with more on that sweet story. phil? >> sweet story, bad news for this coming holiday season because the odds are very high that the costs of your candy bar and all your holiday chocolates are going to cost more. the cost of cocoa butter has actually almost doubled in asian countries. going from 4,000 to $7,000 a metrics ton. add to that cocoa futures on the nymex hit a one-year high last week. they pulled back a little bit but closed again higher today. the big problem, demand is exploding at a time where the supplies are tightening. a lot of concern in the ivory coast where they produce about 70% of the all the cocoa in the

world was a very hot and dry area. they got a little rain but not enough to make the market lower. back to you, dennis. dennis: 70% of all the cocoa in the world on ivory coast. wow, thanks a lot. phil flynn. cheryl: thanks, phil. new 100-dollars bills are due out nix month. we'll tell you why some of them could be worth $1,000. dennis: wow. plus social media, the focus as ad execs gather together for a big industry confab. we're live at the adweek conference in times square. here are the currencies faring against the u.s. dollar. the dollar be weak. ♪

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>> -- past the hour i'm lauren green. the white house is saying that the u.s. has been concerned about al-shabaab's effort to recruit americans but has no confirmation that any americans were involved in the kenya attack. kenya's interior minister says two male islamic militants have been killed and more hostages have been freed as military forces led a new rescue operation inside after mall in nairobi. militants stormed the mall

saturday and slaughtered hundred of civilians and taking hostages. at least 62 people were killed and 200 wounded. 63 are reported missing. apple broke a new record over the weekend selling nine million 5s and 5c iphones in three days. sales figures outstripped analyst expectations for the opening weekend. anecdotal reports that the gold iphone 5s and blue iphone 5c models are the most popular. newly designed $100 bills arrive october 8th. some will be worth $1,000 or more. currency collectors will pay if the numbers are fancy, like all the same digits or 3s. low bills are valuable, zeros ended in one are expected to sell for as much as $50,000. that is the fox news minute. back to you. i will take them at face value, thank you very much. dennis: likely as poker. quite a game coming up.

thanks very much. the 10th adweek conference kicks off today. the industry ceos are talking mobile media and how to make money off of an audience constantly moving around. our own jo ling kent has one of those ceos live and joins from us the times center. jo? >> denany, thank you very much. it is the 10th annual adweek. what is interesting you have 140 startups and thousands of mad men and mad women here looking for problems industry hasn't faced before. collaboration is on the lips of everyone here and collaboration of non-traditional media types. with content creators like do i second can is and beer and, we're here with the cofounder of mental floss. will peterson. thanks for joining us here on fox business. >> thank you. >> my first question, you are focused on catering to millenials and it cannerring to

content. you are in the content advertising business. what are you doing that. >> the nature of what we do is try to create content that is so smart but entertaining. it lends hit self nice to be tie in with the messaging of brand and come up with really fun content. really fun content our readers want to see and tame can be responsible opportunities for us to grow. >> mental floss was the inception of about trivia and brain games and things like this. now you're going on and advertising an you're creating colable races with dosequis beer. i watched videos. we can watch videos. how to rip a phone book apart. open champagne with sword. the beer is not featured at all. how do you feel as con 10 creator blurring lines between original editorial content versus advertising? >> our goal is to create great content. do it while tying in with

advertiser's messaging it is revenue opportunity. with doseequis with world's most interesting man and tie into that. how to escape quicksand. how to walk on hot coals. how to open a champagne bottle with a sabre. it is a chance for to us do fun content and make it work for them. the videos have been very successful to this point and gotten a lot of views. >> speaking of views, 7 million unique hits on mental floss. >> right. >> what other collaborations are you planning on? you are a profitable company that does very well in the space. >> good thing about our brand we tie in with those historically millennial targets. with dosequis or ford fiesta are very much going after millenials. we go after millenials in the thought provoking space teaming up with ibms of the world. it challenging how to put all

that together. >> the founder of mental flat. thanks for joining us today. that is really the message, coordinating and collaborating between non-traditional media and bringing us back. dennis, you're an expert in this. i send it back to you. dennis: thanks very much, jo ling kent. nice to see the mental floss. cheryl: very educational. it is the fox business all-star showdown. almost over though. all oliver porsche and jim will duke it out to go to the championship round. we began with eight con tenants. and narrowed to four. now we're down to two. robert takes on robert luna. they have two new stock picks each. what are they going to choose on friday? because you're going to want to tune in to take home the trophy. it will begin friday noon, eastern time. fox business, two picks each. we will give them a month. then the winner is crowned. dennis: those are boxing trunks. they're not boxer shorts.

just to get the illustration straight. call it china wood. china spends big bucks to bring big name hollywood productions to china. that is ahead in my media minute. cheryl: is playing on the index, our market panel here each as very different opinion on what this does. weekdays are for rising to the challenge. they're the days to take care of business. when possibilities become reality. with centurylink as your trusted busipartner, our visionary cloud infrastructure and global broadband network free you to focus on what matters. with custom communications solutions and responsive, dedicated support, we constantly evolve to meet your needs. every day of the week. centurylink® your link to what's next.

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dennis: now we go to nicole petallides at new york stock exchange. >> i know we hit apple but look at wal-mart. up more than half a percent that it will hire 55,000 temporary staff during the

holiday season. so that will kick off the holidays are coming so they will be hiring. watch the retailers. then let's get the names under pressure today just like groupon and netflix and blackberry with the apparel and retailers just to pick a few names, blackberry underperforming and warning the latest quarter is not a good way to have the million dollar writeoff and also over at jefferies today a new price target, netflix hit a new high today than we saw profit-taking saw now that is down also with groupon. they're under pressure as well. back to you. cheryl: three do components making their debut today goldman sacks, the set and a

nike replacing bank of america, hewlett-packard and alcoa. how does this change for the remainder of the year? this is a new dow 30. we ever senior equity strategist starting with you i know of you can see the return in your studio beyer is goldman sachs it is down $4 and change that is an impact to the negative. was this the right move? >> laura goldman sachs both of those have more potential than the firms they replaced that gives the dow little better upside.

cheryl: you say it makes it less diverse? >> yes. you have more technology because it is classified as a technology stock even if you put it in their rightful place of financials that means they are up by 19%. so with the more broadbased position in. cheryl: that is a good point. let's bring in scott. looking at year-to-date you can see it is up substantially sure we are up almost 20 percent year-to-date but it would have been exponentially a lot higher maybe 20 percent. those in the dow 30. >> and those that are

arguably in better shape that were removed but instead the importance does the same thing. and paying attention to the dow also to the s&p 530 stocks is not a good gauge for what is happening. 500 stocks, also mentioning price waiting in market cap waiting is a more realistic way to create the index. watching the s&p 500 not the dow 30. >> we will bring that up the teosinte that the same time here it is adding volatility

to the index other stocks are heavily weighted to the upside if you look at ibm and then in otherwise it is like number 18. >> that is what we did to look at the volatility. the dow would be more volatile. so that past performance is no indication of future performance but the stocks our more volatile file but also the yield for the dow they can actually dropped by a substantial amount, almost one-quarter. it is pretty obvious they are chasing growth.

>> i see able to do diversify on the index. i appreciate it. >> china's spending big bucks and details are coming up. cheryl: california drivers katy find relief? details coming up with the west coast minute. [ indistinct shouting ]

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>> i am tracey burns mr. fox business brief the parent company of american airlines are setting the termination dates by one month a bit jittery 18th the extra time will allow them to counteract the justice challenge what they're doing to block the merger alleging over customers. general motors sables and 3.2 million to repurchase million shares of the stock from the uaw benefits trust it is approximately $27 per share and wal-mart will hire 55,000 over last year and a target is hiring 20% fewer and colds will hire roughly the same as last year at 55,000. this is the latest from fox business, giving you the power to prosper.

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>> after the 80 year bnl hedge funds can advertise to consumer investors starting today. the next guest is the chief operating officer of the crowd funding company joining us now. first, the build the hope of this new law? >> 80 for having me. first of all, this allows investors to connect with each other for the first time in over 80 years and more information for investors. dennis: that sounds like a good thing but then you look at the fine print you look at the drawbacks it will be great if the start up could advertise and investors could put some money and to get some return but if you raise money privately it has

to be 35 at most investors with a pre-existing relationship and if you go public it had to be at least $1 million so how does this open the pool of investors to the little guys? >> it will be accredited first with this ruling does not change you can invest but allows the information to be more available to them. and allowing them to review and compare and contrast that is the first app as prescribed that will be down the road next year. dennis: they will clear away the rules. putting $10 into eight independent or film in the

past returned an average of $56 at the box office. now with certain web sites there is kickstarter but then only gives out baseball caps he cannot give out equity participation in. does this new regulation change any of that to make up these six starters offer returns on what you donate? >> it does allow investment to have the athletes on dash equity investment that was already an investment -- in existence for some time it changed was the ability to lew discover those offering so for the first time you will see information about the company opening to the public to maine to is having a new innovation rethink it is a tremendous for the

individual investor. dennis: led the market bringing in the little players instead of the fat cats. >> now let's go to the floor of the new york stock exchange you have the vix index jumping but there is a lot of movement today? >> it was surprising we thought it would rally a little based on the momentum that we picked up last week we're early on that projection but that is a normal relationship as it starts to rally a little bit. i expect volatility start to spike a little bit closer to september 30th as we hit the fiscal deadline when the treasury secretary has no more room to maneuver. we have fiscal policy investors living in

washington that is why we are quiet. cheryl: nobody disagrees that this is frustrating that the same time we went through this game last year. and with the final last-minute deal don't traders believe that the last moment something will happen to save the government from shutting down? >> we do although i caution given the policies that we see the unpredictability of the politicians by the way we can not be clear what will happen if you are sitting on a high beta portfolio you will sit on the sidelines and not do anything and positioning yourself appropriately but until that point which will be another week and a half you will sit on the sidelines not doing a lot.

cheryl: thank you keys. dennis: nbc million second quiz drew 1.1% of u.s. homes with the richest game show prize ever 2.$6 million but ratings may not be the point they also got a treasure trove of 300,000 people who signed up to compete to be a contestant. they never revealed the pollster for the trade it for the life setback it is all on the two page questionnaire with four pages of legalese giving in b.c. the right user info anyway that they want. china's second largest film market now wants to topple hollywood. plants run failed to spend

$8 billion to unveil the largest movie studio and signed deals with agencies in the u.s. and films will be made with top rate talent like catherine zeta jones and john travolta and leonardo da capriotes they were all on hand. cheryl: to tie up the schedule of these stars pulling away from the u.s.-based. dennis: and they are lifting the salaries for everybody they have to pay money to hold onto them. cheryl: the japanese have always been very generous with stars doing the ad campaign. dennis: but he says he also wants a partner in and hollywood and the time somebody comes from outside they get fleeced. cheryl: if they take them a way that will be interesting gas prices going lower. talking about california. breathing a sigh of relief

can. dennis: here is a look at the winners and losers on the nasdaq today. @??

cheryl: time for the west coast minute california gas prices expecting to fall by the end of october in addition to the normal seasonal drop drivers get lighter than usual activity at refineries are helping to ease the gas prices. home prices will continue to rise going into 2014 median home prices were higher almost 3% making las vegas

second only to riverside california with a value job. north las vegas sees the biggest prices were up 36%. part of a rebound is contributed to will be out of state investors bought homes in both using them as rentals. promising to pay honolulu harbor taxpayers may be on the hook for millions of dollars. added new estimate from officials say it could cost as much as $3 billion to clean up this bill that killed thousands of fish and other marine life. that is your west coast minute. dennis: it costs billions of dollars it is that costly to clean up? >> molasses goes to the bottom anticipates but with oil it stays do the top is easy to clean up then it has

killed like 26,000 fish. dennis: the next time we will see at least it wasn't molasses. a matter of time the missing gold weekend only four days on the market with the new security feature that fingerprint appears to have then hacked by a computer club posted a video defeating the new fingerprint scanner it beats it by photographing a fingerprint of a phone user then printing it on to a transparent sheets and take notes then creates a fake fingerprint and apple has yet to claim but they're up at 9 million phones over the weekend in the stock is still up. cheryl: is up more than 4 percent and it was a bomb thursday, friday, .

dennis: that is a new target for hackers everywhere. cheryl: but fingerprint skiing really does not work so i hope that apple had something better. dennis: when it was the view they thought it could be a problem but it is supposed to be so unique. cheryl: it is down 36 points dennis: tomorrow at 12 eastern for a special meeting we have bob aicher on the here on fox business. do not miss it. cheryl: it will be a great interview. he is in new york in person. the record rise continuing and then the death spiral of blackberry we will get the call on the smart phone makers next we will call the investigation of the sec stocks meanwhile charlie

gasparino is reporting about a deal for the london stock exchange coming up.

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adam: markets now continues. i am adam shapiro. lori: i am lori rothman. blackberry shifts away fromhe market. why blackberry is now in a death spiral. adam: oil prices losing ground again today. we should get used to it according to matt smith. lori: the game changer for hedge funds. the sec with an 80-year-old ban.

adam: charlie gasparino's exclusive report. he will join us with more details. right now, we want to check in with nicole petallides to see how your investments are performing. speech. nicole: it accounts for nearly half of 1%. earlier today, we had some good news out of germany and china. that brought some optimism. they are still thinking that tapering is on the