thanks for being part of "the real story" today. shepard smith reporting live now from the fox news desk. i'll see you tomorrow at 9:00 a.m. >> thanks. president obama is sitting down now with top members of congress to talk about the next steps in iraq. and even as they speak we're getting new reports of a battle for a major oil refinery and word of mass kidnappings inside iraq. plus why that country's leader success his people are ready to fight back finally. also the captured suspect in the benghazi terror attack apparently has a lot to say. officials say he has spilled secrets about husband buddies. that and details about the raid that ended with him in custody. let's go it to. and we'll begin with right

now an oval office meeting that could shape the future of iraq. as blood thirsty militants move towards baghdad. top lawmakers are weighing the options to save iraq from potential collapse. which suggests in the way that i read it it's possible to save iraq from potential collapse. that is not something we know. the president says he will not send troops into combat. not troops on the ground. but white house officials say he could order air strikes on the militants or possibly send special operations forces. already nearly 300 u.s. troops are positioned around iraq for support, they tell us. the militants belong to the islamic state of iraq and syria or i.s.i.s. it started as a spinoff of al qaeda. a caliphate if you will under extremist law. as you'll see on our wall, i.s.i.s. has been unstoppable. this is the area through which

it rampaged. from mosul down to tikrit on the way to baghdad. they're starting to close in. but unlike some of the mostly sunni cities, analysts say the group could have a tougher time overthrowing the capital. still i.s.i.s. is scoring big wins. iraq's largest oil refinery is in flames after the extremists reportedly took control. a worker there said militants took security workers as prisoners. iraq's prime minister says troops are battling right now for control. he actually says, nuri maliki, that they have went back. but many of what nuri maliki said is not true. thousands of americans died all to bring democracy to iraq. because we thought we could do that. it seems nearly a decade of war was not enough to end an age-old battle between sunnis and

shiites. not to mention kurds in the north. house speaker john boehner said democracy is still the goal. >> what i'm looking for is a strategy that will guarantee some success? keeping iraq free. and propping up the democracy. >> the white house argues that while the united states will, indeed, help iraq, it's up to the iraqis themselves to save their country. >> ultimately the solution that is needed is an iraqi one. any u.s. action including any possible military action would be in support of a strategy to build up the sustainably counter the threat posed by extremists. >> which is what we've been doing for the past five years. and the extremists took over the military which we had propped up, paid for, trained, and counted on in a matter of seconds. as that military dropped its

weapons and melted away. no matter the president's decision on what to do next, analysts say he could have a very tough time convincing congress. not just critics in the gop, but possibly some democrats in his own party. ed henry is working this story today. a lot of skepticism seems to be coming from the president's party and everywhere outside of that city. >> reporter: no doubt about it, shep. you talked about nuri maliki, and any military action tied to maliki. there's no reform that will happen. so if u.s. action is tied to that, it's unclear whether the president is really going to do anything in the days ahead specific. they say all options are on the table. but when you listen to the leaders who are going to be sitting down with the president this hour to decide all this, one of the senate majority leader harry reid. he basically said this is iraq's problem. listen.

>> this is an iraqi civil war and it's time for the iraqis to resolve it themselves. those who attacked president obama for bringing our troops home from iraq are wrong and out of step with the american people. >> reporter: so this meeting at the oval office this hour is a chance for the president to take a temperature of capitol hill. from john boehner to harry reid as well as mitch mcconnell and nancy pelosi. last year with syria the president said he wanted to seek out congress and get authorization. in the end there was no consensus on capitol hill. appears similar in some ways now. and in the end the president did not move forward with u.s. military action. >> the word is they're asking for some air strikes. we're getting some reports that air strikes are now off the table. what are they saying there? >> that's right. there are some reports here in the u.s. suggesting the president's taking those air strikes off the table. nuri al maliki says he wants them to jump in with air strikes. some like lindsey graham are

saying there's no way for maliki to turn this around against i.s.i.s. without u.s. air cover. >> give me a scenario where political reconciliation in baghdad has a snowball's chance in hell of succeeding as long as they're losing on the battlefield. >> pressure as well on the president from the former vice president dick cheney, an architect of the iraq war. wrote an op-ed today suggesting in his words rarely has any president gotten so much wrong on foreign policy when jay carney was asked today what he thought of that, he shot back, which president was he talking about. a shot of course at former president bush. maybe being a little punchy and feisty on his last day at the podium as white house press secretary. >> or maybe he had legitimate questions. ed henry at the white house, thanks. remember maliki mistreated his own war force that we had stood

up, we had trained and paid for. it was nuri al maliki that stopped paying some of those because they were on the wrong side of the religious fence. it was he who is no longer trusted by his own people. and it is he who would not give us the agreement so we could leave troops in there. nuri al maliki. now he calls up the white house and says can you provide some air strikes. john busse is with us. i don't know who our friends are there. >> and air strikes on what? that's what the administration is saying. they're not consolidated into an army. there's not a headquarters. there's not a huge admissions that they're feeding off of. it's a rolling jihadist takeover of central iraq. what the administration is saying is that, look, if we sent air strikes in, they would make a nominal effect.

because you just wouldn't hit a target that mattered. we are going to collect data and intelligence on potential air strikes. maybe we'll put special forces in that give us better intelligence on the ground. but at the end of the day, it is critical for maliki to placate the political divide in iraq. and bring sunnis into the government who believe that they, in fact, will have a power sharing arrangement. >> that's what we've been asking for for years. that's what he was promising to do for years. that's the opposite of what he's been doing for years. >> that's right. and "the wall street journal" is reporting this is the dilemma for the administration. they don't want to kind of go in with air strikes that could exacerbate the problem. not solve it. create more enemies of the united states. for those being bombs and the collateral damage that comes with it. they don't want to do that and take the pressure off of maliki to finally find some way to power share. to stop keeping sunnis out of

the government and making them ever matter at the central government resulting in the civil war that we have now. >> in this case, it is a civil war. i mean, by definition. >> yes, that's right. it is. >> whether we want to call it that or not is another matter. the enemy of our enemy is truly our enemy. >> talking about iran. >> of course. the enemy of our enemy is iran. >> right. >> and we don't even know who to give weapons to this time. >> and iran and maliki have a long history. iran is shiites. maliki is himself. he doesn't want to feed power to iran. he wants to run iraq. and he wants to run iraq with the united states coming in and propping him up militarily. and the united states is saying wait a second. that's not in our interest to side with just one side of a civil war. our interest is in stabilizing iraq and maliki, you are not stabilizing iraq. there's even some mumbling within the administration maybe

it's time for him to go. >> i heard hillary clinton on our air last night saying the same thing. at nuri al maliki the way he's conducting himself, he can't be a partner. i hear them transitions towards a democracy. we did that once. it cost a trillion dollars and american lives and they didn't want it. >> and there's a report that says one of the possibilities for an effort by the united states was to put in 1400, that's not a lot but it's not small either. 1400 advisers to fight alongside the iraqi troops to kind of give the momentum and give them leadership. but the administration and the pentagon at the end of the day decided that's too big of a force to have there with so unstable and so unreliable an iraqi army at this points. >> it's so unliable they melted away the weapons that we gave them. >> and those were are coming in are using those weapons. >> yes.

enjoying them very much. john, thank you. the raid to capture a suspect in the benghazi terror attack unfolded at lightning speed. we're now hearing it took just a matter of minutes for the delta force team to snatch him. not a single shot fired. ahead, what else we learned about this suspect. where he is now and the fight over where he's headed. all of that plus his assertion according to reports in the region that the reason the fighting happened in the first place, the reason for the attack in his mind was about the youtube video and the prophet mohamed. that's coming up next. stay with us. foot and asked for less. because what we all really want... ...is more. there's a reason it's called an "all you can eat" buffet. and not a "have just a little buffet".

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breaking news now on fox news channel. we reported the president is meeting with congressional leaders in the white house right now. briefing lawmakers on what options he has in iraq. sunni militants have vowed to march to baghdad and the shiite cities. the three cities are home to some of the most revered shiite shrines. if something happens there, this thing could potentially blow up. so the president is meeting with lawmakers. and minutes ago they showed the room with a video camera so we could see what's happening there. it's coming to us now. take a look.

>> it's interesting to see them all smiling, isn't it? i heard the president say he and john boehner get along fine. i've heard boehner saying the same thing. you wouldn't know it day-to-day. they're in there. congressional leaders getting briefed on this thing. i guess they're going to try to figure out something that's the right thing to do. the suspected ring leader of the terror attack in benghazi meantime is on his way to the united states where he will face what president obama is calling, quote, the full weight of the american justice system. a u.s. official tells fox news the suspect is talking and frankly talking quite a lot. we're also learning some dramatic new details about the raid they used to capture him including how u.s. teams trained

to take him down. i'll give you the details on that in a moment. his name is ahmed abu khatallah. he's the first benghazi suspect that the united states has captured from the attack. martin dempsey said the raid to capture the suspect was far from easy. >> the abu khatallah operation ol though it may have looked routine, it took us months of intelligence preparation. >> lots of planning and intelligence soak. you get the intelligence, you soak it all in, figure what it means in context. the last thing you want to do is lose another american life over there on this. u.s. officials are right now holding this suspect on a navy ship the uss new york. part of that ship is constructed of steel from the world trade center that was destroyed in the attack at 9/11. they could have flown him over

there, that would have quickly. but as long as he's on this ship they can talk to him without charging him with anything yet so they don't have to red him his miranda rights. in the meantime they're getting all kinds of information. the benghazi attack of course killed four americans. chris stevens among them. along with sean smith and glen doherty and tyron woods. we have coverage of these situations. what do we know about what's happening on that warship now? >> reporter: well, u.s. officials tell me that khatallah is talking right now. in fact, he is giving his military interrogators a, quote, history lesson on the sharia. u.s. officials say they will be taking their time as they sail toward the united states.

in terms of al sharia, they knew the group was behind the attack in benghazi almost immediately after the attack. there was an internal e-mail within the state department suggesting as much within the first 24 hours of the attack. tracking since about five weeks a the attack. we now know that the delta force operators like the ones who carried out this capture of a wanted terrorist back in october practiced on a mockup of khatallah's home before launching this operation which was over in a quick 32 minutes. he was picked up at his house south of benghazi. u.s. interrogators don't know how long they will have to question him before he is mirandized and given a lawyer. >> thanks. he is expected to face criminal charges in a federal court in washington. some republican lawmakers are calling for a military trial at guantanamo bay despite the fact that the trials in washington

have been more successful than the ones at gitmo. the president has ruled out accepteding him to gitmo. he's focusing on slinking the gitmo population, not adding to it. could the united states send him there? >> reporter: shepard, the decision to send khatallah is a court is more evidenced as the president plans to shut down the camps at guantanamo bay. and if you look at what was filed in washington last july, what you'll see is the government would need to check that al qaeda membership box to even get him on the door to coming to gitmo. and there was one situation in the last few hours we had another suspect arraigned here at guantanamo bay. he is alleged to be believed to be a senior member of the al qaeda network and someone who had advanced knowledge of the 9/11 attacks. he is one of eight detainees in

the military court system. but that leaves another 40 detainees, some of whom are in the low security camp, camp six who are near on indefinite detention. what that means is there's not enough evidence to prosecute them in a military court or civilian court, but there's enough evidence to make the case they remain a threat to u.s. national security interests. and this week fox news asked a spokesman for the detention camps what would happen to these men and where they would go if the camps were shut down. >> that's way above my pay grade, and like i said, we'll follow whatever words that we're given down here. whether or not we transfer them, that's up to our chain of command and we'll certainly follow that when we're told. >> aside from those 40 guys, there are three terrorist who is have been convicted and are technically prisoners of war. >> katherine harris at gitmo. nice to see you.

thank you. congress is taking serious questions about safety straight to the head of general motors. that company's chief executive officer is trying to explain why it took almost a decade to tell drivers about a potentially deadly defect. under the old gm at least. plus a drug raid like we have never before seen. the target, a small town that manages to produce billions and billions of dollars worth of marijuana each year. and wait until you see these pictures. okay, listen up! i'm re-workin' the menu.

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marijuana. and some crazy pictures coming out of albania where the police are trying to drive a massive pot operation. in fact, marijuana production in that town makes up an estimated

50% of albania's entire economy. this is lazarat. we first told you about this a couple days ago. it's all going on in this town down here. look at this over here. you'll be able to see the smoke rising. the smoke is rising from these hills. and apparently this is all a huge forest of weed. like, everywhere. and it's all burning up and down these hills here. the second once police arrived they started to search through people's homes and they ran into a lot of resistance. the villagers there are using machine guns and mortars and rocket propelled grenades. and this guy appears to be aiming his weapon at bags of pot. i don't understand that. but the police are burning what they've seized. local reporters say for a long time this is just a normal farming community. but drug gangs took charge about a decade ago. and now the town reportedly

grosses, get this, $6 billion worth of marijuana every year. $6 billion. so it's europe's biggest producer of what is their illegal weed. and this guy is looking -- picking up a plant. me thinks, me wonders if he's taking something home to the family. this stuff is apparently everywhere and out in the open. officers destroyed the cannabis in the gardens. do i believe it? that they destroyed all of it? no, sir. i do not believe that. you cannot convince me of that. i've been on drug raids through decades of reporting service. i bet you that didn't happen. but it's a good bet. anyway. they say that they also found drugs in storage lockers. they had lockers full of it in these places. and as for the fighting, cops say they have about half of the village now under control. another way to put that is the drug guys still have half of this village.

marijuana. the fight is on. weapons and locking people up over a plant that grows in the ground. the ceo of general motors back on capitol hill today facing another round of tough questions from a house panel. they accused general motors of engaging in a culture of secrecy by waiting more than a decade to recall cars over an ignition switch problem after 13 people have died. since then the ceo says gm's culture is changing. >> i will not rest until these problems are resolved. as i told our employees, i'm not afraid of the truth. and i'm not going to accept business as usual at gm. >> well, remember, investigators say workers first noted the faulty switches in the year, get this, 2001. but the recall did not start until february of this year. >> i just find it hard to believe that 210 employees, not a single one in that company had the integrity to say i think

we're making a mistake here. >> not a single one from 2001 all the way to 2014. not a single one. lots of dead people along the way. sure, we got dead people, but that's from the old gm. the old gm has the dead people. the new gm, we are not resting. no resting until this is fixed. today's hearing comes one day after gm recalled 3 million more cars and trucks for a separate ignition switch problem. that brings the total number of cars recalled by gm this year to 13.6 million cars in the united states. >> i'm with you. i'm with you. >> and nup of those cops up there took weed back home to the family. it's just not possible. >> except that people here died. that's the difference. 13 people at least are dead. what i brought you today, this is a wheel from a chevy cobalt

37 this is one of the small cars that got in trouble. you see the key. you want to come in and look at this. here is the small part, the faulty ignition switch that causes big problems for drivers, gm, you name it. right here. >> why not just replace the dang thing? >> well they can't make them fast enough. some of these cars are no longer being made. they're having a difficult time doing that. people aren't necessarily bringing the cars to shop to get them fixed. this key would go out of position and the car would stall. it would do it easily. >> go into neutral or something? >> neutral or another setting. the call would stall. then your power brake gos out. your power steering goes out and you have no air bags. what happens next? you have a crash. that's right. and that's what's happened to so many people. we got this one from one of the plaintiff's attorneys. this really bring it to life. this tells the story right there. >> and now they're investigating

chrysler, is that right? >> that's right. recalls today from the traffic bureau. you're going to know these brands. on and on it goes. more is happening. more people getting hurt. people saying we're on top of this, we're taking care of this. they knew about this at gm 11 years ago. 11 years ago. >> and didn't do anything. >> and didn't do anything. a culture of neglect and as we're hearing per mary barra and everybody else, we screwed up. >> now we've got to believe we've got a new ceo and everything is fine now. >> he's worked at the company for 30 years. >> she worked at that company 30 years? >> yes. >> so what's new? >> they say it's old gm, new gm. that's the line drawn in the sand. today she said we're going to have a victims compensation fund millions of dollars given out.

but don't sue us, because then you're not going to get any money. that's the implication of what she said today. >> probably shouldn't have killed those people. thank you. >> you're welcome. >> see you this afternoon. >> that's right. we'll have more. i've caught a cold. it's unfortunate. >> i'm sorry. >> thank you. iraq's leader says the deadly i.s.i.s. offensive there has united his country. you know what? that's just not true. it's nuri al maliki. because as a news organization i can report to you fox nuss can't confirm iraq is not united and on that matter maliki is either lying or horribly, horribly mistaken. but he says the government is striking back but the terror group is reportedly moving closer to baghdad. latest on the ground, baghdad the war in baghdad and it's back for all us lucky americans.

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shingles the pain in my tremendouscalp areailot. and down the back of my neck was intense. it would have been virtually impossible to move to change radio frequencies. i mean it hurt. i couldn't even get up and drive let alone teach somebody and be responsible in an airplane. as a pilot that meant i was grounded.

a fox report now and more of the headlines. at least 14 people are dead after a bomb ripped through a crowd watching world cup last night in nigeria. that's according to police there that said dozens more got hurt. nobody claimed responsibility for this thing, but cops blame boko haram. the same terror group that kidnapped hundreds of school girls and threat nds to sell them into sex slavery. from here at home, acrobats hurt when falling from a stunt. now they plan to sue. they did not reveal whom they plan to sue. investigators say a metal clip snapped during a show in rhode island last month sending performers plummeting 20 feet to the floor. and a girl learning how to drive managed to send her car into a liquor store in south florida last night. barely old enough to drive, but old enough to drink. nobody got hurt. just a lot of wasted kbooz. the news continues in a moment.

the iraqi military has begun to fight against the brutal i.s.i.s. fighters which have inched closer to baghdad. i can't confirm that. i don't think it's true, but it is the word today from the iraqi prime minister nuri al maliki. >> translator: we've absorbed the momentum of the setback and have now started our counteroffensive. regaining the initiative and striking back. we will continue dealing heavy blows to militants. >> iraqi forces claim they've taken back control. part of one northeastern city, though we cannot confirm that. our sister network sky knews reports forces have been fighting in a town about 80 miles northeast of baghdad. i.s.i.s. has attacked places closer to the capital. the group has reached or taken over several towns and villages near baghdad. bombings have also rocked part of the city in its suburbs.

conor powell is in our newsroom. what else are we hearing from nuri al maliki. >> reporter: your skepticism of maliki is probably well placed. insisting his supporters say the prime minister is really committed to a political solution. as a way out of this conflict. but even those sunni politicians that are part of the meeting dismissed it as political theater. in a further sign of the ethnic polarization there, now accusing of kurds in the north of colluding with the group. there are conflicting reports about who controls this city right now, but the mere fact the military is regrouping and launching a counteroffensive is relatively new.

the country. >> what's the word out of iran? >> reporter: so iran today vowing to defend the shiite population there as the fighting is moving closer and closer to the population in the south. iran saying they will do everything they can. they'll waste no effort to protect not only the shia population but also to protect the shia shrines. shia is one of the most holy spots. this language only seems to undermine an attempt by iraq and iran to quell the idea that this is not a sectarian fight. it clearly obviously is. and this language only sort of further evidence of that. >> it's so reminiscent of baghdad bob back in the day. hard to imagine we're listening to this crap again. conor powell, it's nice to see you. thank you. a couple of big oil companies have ordered their workers to pack up and get out of iraq.

exxonmobil had a big evacuation and bp removed 20% of its staff. they're based in southern iraq where the government is in control. as i reported at the top of this newscast, militants reportedly took control of most of the company's biggest oil refineries. this video is said to show smoke coming from the refinery about 150 miles north and west of baghdad. the iraqi army claimed it fought off the militants. but frankly sources on the ground are saying the fight is very much ongoing. and for now at least, most of the things we have heard from the iraqi government today have frankly not been true. either way, the refinery is a very big deal. our producer ryan is over here gathering some more details. we could understand what a big deal this is. all the money comes from this thing. >> lots of money. we're talking about the fighting up here. this is iraq's biggest oil refinery. it's responsible for a quarter of the country's cooking oil, power supply, things like that.

any problems up here, any long-term troubles you could be seeing long lines at gas pumps, things like that. i want to show you here in senior iraq you mentioned exxonmobil and bp ordering evacuations. that's all down here. and analysts say they're concerned if the fighting spreads this way, you could see oil prices jump and gas prices for us. >> it's going to be a problem for the iraqis and everybody else. meanwhile the white house said it has not seen a major disruption in iraq's oil supply. not yet anyway. they also didn't comment if they're deciding to tap reserves here in the united states. we have maria bartiromo on this. in the north there, that's where they refine it all. that refinery's not working right now.

>> that's right. much of the fighting as we just saw is happening in the north, but as ryan told us the real jewel of the country is really in the south. because that's really where much -- the bulk of the production and exports are in the south. as ryan just said, if we want to see the south refiners get hit, that would mean real trouble for oil trouble and for the most important commodity in iraq. that's oil and that's what we're worried about. the uncertainty of it had already in the potential of the south getting hit has impacted oil prices. iraq is the second largest producer in opec right after the saudis. so this is going to mean an impact to the entire global oil market. and we've seen this before, because remember when in libya when militants upset their production, now they're talk about producing 100,000 barrels a day. that's down from 1.4 million barrels a day just a few years

ago. that's why everyone's worried and pushing oil prices higher. >> we'll see you in the morning. >> okay. keeping an eye on the line of potentially bad storms across the midwest in the united states. forecasters say there could be more tornadoes after a series of deadly twisters earlier this week. we're live in the fox news weather center after this. stick around.

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could see potentially more tornadoes. just last night storm chasers captured this one in nebraska again. about 150 miles north and west of omaha. officials say nobody hurt here thankfully. of course a day earlier a deadly series of tornadoes devastated a small town in northeastern nebraska killing two people including a 5-year-old girl. our meteorologist is live in the weather center. i was in omaha at the college world series, and the little girl had a relative who was working there at the college world series at the park. it was just such an incredibly sad thing to see. >> very strange. i lived in stan ton, nebraska, as a kid. we played pilger in little league when i was a kid. these small little towns are dotted all over the area every five or ten miles. little town of around 500 to 700 people. we're going to see the exact same thing happening again today and still again tomorrow. the dynamics are all the same. we have a front that's stalled out right here.

and we continue to see these systems that will continue to pull across that area. part of this disturbance is bringing cold air. we saw a foot of snow falling across the mountains yesterday of utah. we're in mid-june and a foot of snow. here you go. severe weather right now across michigan. one line of storms through there. then one tornado watch in effect here across parts of south dakota into north dakota. right now all of these storms not severe. this area across the ohio valley and southern plains is mostly a hail and wind threat. but again across nebraska, south dakota severe weather and tornadoes. >> all right, rick. thank you, sir. >> you bet. big win today for folk who is want washington to change the name of its football team. the u.s. patent and trademark office today voted to cancel six federal trademarks that the washington redskins own. it called the nickname redskins

disparaging of native americans which we already knew. native americans have satd this was like using the "n" word against us if we were black. others call it the equivalent of that. but the team's owner has said he will not change that name. legal analysts say the decision today does not mean washington must stop using the name. it just makes it harder to go after the groups that use the logo on merchandise without permission. they made a similar ruling some 15 years ago but the redskins appealed and they won. the team's lawyer says he's confident that will happen again. and i quote, we've seen this before. and just like last time, today's ruling will have no effect at all on the team's ownership of and right to use the redskins name and logo. as the search continues for three teens who disappeared in the west bank weeks ago, a family member of the missing american among the group, his mother's plea.

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pleads, be strong, we love you. e were want to hug you again. the quote from a mother of a u.s. citizen who went missing in the west bank apparently the victim of kidnappers. the three teens lived in israel, went missing late last week while kidnapping according to local reports there. hamas is believed to have abducted the teenagers. what do we know about their disappearance? >> shep, we've heard officials in israel said one of the teens called police and said they'd been kid napped last thursday. the last anyone has heard from them since. you see israel and the two palestinian territories, gaza and the west bank. the teens went missing nuer a

jewish settlement in the southern area of the west bank. hamas used kidnappings of israelis in the past to win release of their prisoners. listen to what he said about where it happened. >> we've seen past instances in which israeli captives were killed quickly for fear of infiltration by israeli intelligence networks in the west bank. in fact, the fact that this happened in the west bank may work to the detriment of these prisoners. >> and today even the palestinian president said his forces are supporting the search for these missing teens, and shep, as for hamas, they have not claimed responsibility but have praised the kidnappings. >> you spoke with the family of one of the missing teens? >> right. one of the missing teens holds u.s. citizenship, but was born and raised in israel. we'll show you a picture of him here, put it up on your screen. this is neftali frankel. you see him playing guitar. he's a kid who loves playing

soccer and likes basketball, but that he's just a kid. >> kids should not be harmed. these are innocent kids. they were on their way home from school. they should be home with their families. >> you saw the tent behind her. she tells me teens from the area have been holding a vigil 24/7 for neftali and this is a stairy time for the family but they are hopeful. >> all right. thanks very much. a record day are to the markets may be ahead. we'll know in four mithnutes. stay with us. okay, listen up! i'm re-workin' the menu.

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a bull escaped from a ring and charged spectators, happened in peru during a religious festival. there it goes. part of the tradition includes jumping into a makeshift ring and braving a raging bull. a lot of taunting. virginally the bull broke free and went after the crowd, as it often does. look at that. local media reports many of the bull fighters were wasted. on this day in 1812, the president then james madison signed a declaration to wage war on great britain. officially starting the war of 1812. the two nations came to blows after the brits too stepping to reduce u.s. trade. before long captured washington and burned down the white house, but u.s. forces roared back and the brits retreated. one battle 's aftermath inspire the "star-spangled banner."

when news bractous we'll break in. breaking news changes everything on fox news channel. did you see this? the dow way down. now it's way up. something about the fed, s&p trading in record territory. here's the details. thank you, shepard. the battle rages over iraq's largest oil refinery as we speak. could you end up paying more at the pump? welcome, everybody. glad to have you on neil cavuto, and gas prices up again today. now averaging $3.67 a gallon. militants attacking iraq's refinery and conflicting reports over who exactly has the upper hand. iraq support, it ranks fifth in the world's largest oil reserves. the theory, it goes, game over. in fact, chris martinson circumstances it goes, we're looking at double oil prices from where they are today. from $106 to maybe