volatility grips the market --- as traders prepare for a possible move into syria.. in today's cover story....are more job seekers calling it quits?.... plus......find out if your 401k savings are being eaten up by fees.... and.... does apple have something extrodinary in store for consumers. first business starts now! you're watching first business: financial news, analysis, and today's investment ideas good morning! it's monday. september 9th.

i'm angela miles. in today's first look: traders and investors set their sights on syria. friday-- russian president vladimir putin's comments that he would support syria if the us attacks with airstrikes... dramaticaly moved the market. the dow breifly crossed 15,000 with large gains before selling off. the whippy trading session ended with the dow down 14 points, the nasadaq up 1 and the s&p unchanged. gold gained $16 dollars. and oil had a burst of buying surging above $110 dollars per barrel. also making headlines.. according to the wall street journal apple is shipping low end iphones to wireless carrier china mobile. the wall street journal also reports-- johnson and johnson is considering selling it's a slow growing blood testing unit for $5 billion dollars. the market on edge. the possibility of a u-s military strike against syria is creating tense trading in stocks and commodities. this week, the senate begins debate and will likely vote on

a resolution to use force against the syrian government in retaliation for a suspected chemical attack on the syrian people. house leaders are said to be waiting for a senate vote before taking up the matter..

president obama is set to speak to american's tuesday about his decision to use force. wall street has one other concern beyond the potential airstrike-- the crisis in syria may delay president obama's decision on who may replace ben bernanke as fed

chairman. scott shellady of trean joins us on this monday morning. good morning! good morning once again the market is on syria watch. > > yea it's gonna be on syria watch, it's gonna be on what we see what's happening with this syria as far as we do with the probably gets more clarity towards the end of the week. i think on that one but, we're gonna watch that ten year rate rise maybe through 3%. at the same time we see equity because equity rises we think they're probably still gonna be a good combination in it is in and take as much. what about oil? there was a big surge on friday. what do you anticipate this week? > > is geopolitical. so you going to have to be careful about getting to low on oil right now because of things settle down it going to have a long ways to come off. so that the geopolitical issue i would say be careful is dangerous to go along right here although it could go up another $5 by ultimately think it settles back down to 95. despite all the news in the noise in the market, there has been some sturdy stocks. what are you watching in the market? what is it that you like right now? > > well, it sounds kind of perverse. but i really don't trust the stock market with what we saw what was gonna with friday's stock markets. volatility is too crazy for us so we're still looking at the tenure and we're expecting that tenure to get through that 3% level. not really because we think the it should, except for it in some great technical signs telling us we're gonna make us a run at 325. if you don't like the stock market what you rotating into? > > were rotating into getting short those tenures. i think those tenures have gotten aways to come off here at least rising yields in the bond sell-off. so we're either buying or selling tenures because it really looks like were setting up fora run towards 325. i have some technician telling me maybe and ultimate 4% which is crazy. that is crazy thank you scott. > > alright.

the uaw is attempting to make inroads at a vw factory in chattanooga, tennessee... union reps reportedly met with volkswagen officials in germany about creating a works council to give employees a say in plant operations. republican lawmakers in tennessee argue the union would hurt the state's ability to attract manufacturers.. the uaw says the union's goal is for both the company and workers to succeed. among the labor department's numbers showing a slight increase in employment, a disturbing figure also came out---the civilian labor force participation rate. that, measures how many healthy, working-age people 16 and older are looking for jobs. 63.2% lowest since 1978 in august, it fell to 63.2%. the lowest its been since 1978. anita jenke/career transitions center of chicago some say the participation rate is a sign that hiring conditions, especially for those who've been out of work the longest, got worse toward the end of summer. anita jenke/career transitions center of chicago seventy-five percent of jenke's clients are over 40. some studies say the oldest in the labor force---those 65 and older, haven't dropped out because they can't afford to. armando sarmiento is 73. for those willing to move for work, careerbuilder launched an interactive map showing cities with the most job openings and lists industries. in seattle, there are more than 95-thousand aerospace jobs. an increase this year of 20%. and an average annual salary of more than 124- thousand dollars. brent rasmussen/careerbuilder president, north america

rasmussen says a lot of the jobs are in mid-sized cities with good schools and infrastructure. but most importantly, in states presently trying to attract companies to relocate there in hopes of eventually boosting their tax base. a blockbuster bond offering from verizon could happen this week. verizon is paying $130 billion dollars to buy verizon wireless from vodafone. verizon communications could sell its debt in the form of bonds to help fund the mega deal with vodafone. the bond offering could go has high as $30 billion dollars according to forbes. it would top apple's record bond sale in april at $17 billion. facebook could update its privacy policy this week.. the social media company has been taking comments from the public about proposed changes and could make a statement on whether there will be further updates to its privacy policy. facebook is finding more fans on wallstreet.. the stock closed $43 after hitting at a new high friday of $44 dollars per share.

last september the stock was trading around $18. a pair of biotech companies are preparing to open up for public trading.. acceleron pharma-- will price shares between $13 and $15 dollars. the ticker symbol will be x-l- r-n. the company develops protein- based drugs to treat rare blood disorders. bind therapeutics will sell shares any where from $14 dollars to $16.

the ticker will be bind. its business is focused on devoloping drugs to treat lung and prostate cancer. as ford's car and truck sales motor along.. standard and poors is upgrading its credit rating.. s&p is lifting ford to investment-grade. a big improvement from the days of the recession. it's a sign the car company has a low risk of defaulting on its debt. ford reportedly holds $30 billion in cash and lines of credit.

and ford's ceo is clearing up rumors of a possible departure from the company. alan mulally tells cnbc hes "absolutely focused on ford." it follows whispers that the automaker's board is open to letting him step down to explore other options. ford says mulally plans to serve as the president and ceo through at least 20-14. the uaw is attempting to make inroads at a vw factory in chattanooga, tennessee... mitsubishis, or people working on an assembly line lawmakers: bob croker,bill haslam union reps reportedly met with volkswagen officials in germany about creating a works council to give employees a say in plant operations. republican lawmakers in tennessee argue the union would hurt the state's ability to attract manufacturers..

the uaw says the union's goal is for both the company and workers to succeed. when it comes to drugstore prices, its all about location location location. a new study reveals drastic price differences at walgreen, cvs and rite aid. walgreen had the highest prices---....one item could cost as much as 55% more depending where the store is located. walgreen says prices reflect the company's cost of doing business in different neighborhoods. the world's largest cruise ship company is testing the waters with new pollution controls. carnival cruise ships -not the ones in trouble. carnival has reached an agreement with the epa-. during the next 3 years, it

will install $180 million dollars of equipment that will reduce air pollution on 32 of its diesel powered ships. the cruise line has a total of 102 ships. honda is upping the anti for automakers. exteriors of the car please :) it plans to release a 2014 accord hybrid with a rating of 50 miles per gallon. it now takes the lead in the mileage race, inching ahead of ford's fusion hybrid, which holds a rating of 47 mpgs. kelsey mays of cars dot com says the big news is not the number itself, but rather what it means for consumers. mays says the move is a win for honda, as the fuel economy title will attract consumers who want a more mainstream car. a vote deciding the fate of dell is reportedly too close to call. after 2 delays-- shareholders are scheduled to vote thursday on who get control of the computer company.some analysts tell marketwatch.com..-- the vote appears to be leaning toward... michael dell..-- the man who founded the company in his dorm room. dell wants to take the company private. billionaire investor carl ichan also wants to buyout the computer company. but his plan is to keep dell public. digital dollars could eventually be added to campaign contributions. bit coins elections campaining candidates a conservative political action committee is asking the federal elections commission to allow

supporter money to flow to campaigns in the form of bit coins. the pac filing the request for action from regulators -- says bit coins are popular with libertarian minded voters. one of the issues with the virtual money is the value fluctuates making it difficult to track contributions to candidates. tourists are causing a triumph in greece. greece people traveling in greece the strained economy is fairing a bit better as revenues increase from robust tourism. reports say greece now has the possibilty of emerging from its 6 year recession.. by 2014. tourism accounts for roughly 15% of the greek economy eventually there may be fewer people entering the workforce.. birth rates in the u.s. have hit another record low. in 20-12 fewer babies were born for the fifth year in a row. the government tracked 63 births per 1000 women between the ages of 15 and 44. in 2007 -- that rate was 69. predictions are the labor market will feel the effect in about 18 to 20 years. beer sales are setting up for a major boost in brazil. "9.9" the country is hosting the 20-14 world cup. beer sales are expected to reach 330 million dollars. anheusuer busch inbev is expected to benefit. still to come eyes on apple....will the company come out with a break thru product tomorrow.. plus....we'll reveal the secret fees -- chipping away at your retirment money. and... pension problems persist in detroit..... first business continues right after this. missing money in detroit.

a new report says pension trustees have weakened retirement funds by "misspending money."

reports from conway mackenzie say hundreds of millions of dollars from retirement accounts were used on savings plans and bonus checks since the 1980's. a restructuring expert says the practice robbed retirement funds, leading to the current crisis. pension trustees deny any wrongdoing. brent schutte is market strategist with bmo global asset management. the august job reports that came out friday kind of a downer, yea under the 169,000 jobs or at it but that was lower-than- expected. yes the unemployment rate was dropped the 10th but, 109k that's not enough to pull up this economy my friend brent schutte is a market strategiest bmo private bank and we saw revisions of the june and july numbers go down and participation rate is down or get you what it was a big smile. you are optimistic. > > i am optimistic. the 169 was only a disappointment in the fact that it was in contrast

to some stronger data that happen on earlier in the week. so the where original expectation was for 175 which 169 which was about spot on with the margin era the report has. yes, there was some disappointing parts the participation rate came down, but i think when you look at the majority of the data from last week you have three different reports that point toward a stronger future job growth. one. the ism non manufactoring and manufactoring index's which are to of the best data points you can look at had blow out months. both of those reported by the future job growth the i s of nomad manufacturing and 57 if you look back of this past 16 years there's only been six months i did in that. and typically we have that type and number you have strong job growth in the not too distant future. your job is to take off the blinders and not look at the immediate data but the bigger picture. is there any things else indicating what to turn around. are we turning the corner here? > > sure, the other thing i'm really optimistic about is small-business owners that kind of have been left out of this and haven't been so much hiring are doing with the ever maybe. and the optimism has been pretty low. if you actually lokk at their job numbers there is the nfib which is an independent research bureau. they actually reported that 16 percent of owners expect to hire in the next few months. they may not sound like a lot but it's up 7% from the month before and if you look back at that history to 1986 there are many months that actually have been higher than that. so, that points to more job growth. we had the head of sure payroll he comes on ev th a deadly disease.

i was one of them. i'm a nurse and i knew how damaging the disease was to my life. nothing i tried seemed to work. my brother died. from complications of the exact same preventable disease and i knew i had to do something to get healthy. my disease was obesity and after consulting with my doctor, i received the effective treatment i needed. obesity is a second leading cause of preventable death in the united states. but it's a treatable disease, and there's effective treatment options available. now is time to get help. please join the obesity action coalition and acknowledge obesity as a disease for acceptance, for access to all effective treatments, including diet and exercise, pharmacotherapy and weight-loss surgery for obese adults with at least one obesity related comorbid condition. visit obesity action dot org and sign an open letter pledging your support and for more information about how to talk to your doctor about your weight and your treatment options. together we can make a choice to end obesity now. a public service from the obesity action coalition. > > sure i think it's been

changing for while now seems like it's almost a job interview. i don't really know that hurts the economy or harms it is probably just stretches off to time to help people get actually get back to permanent employment. brent schutte, thanks so much! up next-- is the latest jobs report is good news or troubling news -- for the labor market? bill moller takes us behind the numbers.. and later in chart talk.... one trader is all over apple ahead of tomorrow's big reveal. stay with us. secret fees are popping up in 401k plans. sheyna steiner of bankrate.com is skyping with us this morning-- and what's been uncovered about these pesky charges ? -how much could these fees reduce the amount of money people have in retirement? - who is charging these fees and how do you get around them? - is it possibleto go fee free with 401k? - secret fees are popping up in 401k plans, sheyna stiener at bank rate dot com is skyping with us this morning. good morning, what's been uncovered about these pesky charges? > > we looked at data from the company bright scope to see how 401k fees' impact the amount of money somebody retires with. and we found that employees of very small companies pay nearly three times as much as employes that very large companies. in

the end result after 35 years of work is a difference between the a hundred thousand dollars. that's a lot of money. so how do you avoid these fees? how do people even know that they're even been charged these fees? > > well, the fees that participants see is in mutual funds. so you looked at the expense ratio in the mutual funds and you want to choose funds that have very low fees. the thing about retirement plans is that they can have hidden fees in those mutual fund costs. and they're known as revenue sharing fees. they're not equally spread across all the funds and retirement plan. one worker may be paying more for retirement plan than their co-worker who chooses index funds. sheyna thanks so much for enlightening us today. have a good day! > > thank you, you too.

traders are on the fence over what to expect from apple's big event tomorrow. coming up in chart talk.. how one trader is playing the stock.. that''s right after the break in chart talk. d01 apple is set to take the wraps off a new product on tuesday. joining us now is andrew keene president of keene-of-market- dot-com. hello andrew whart are you anticipating from the event and from the stock? lets start with the event. > > ok, from the event when i'm expecting is a new phone which is the 5-c i think it's gonna be called. it's gonna be determined how big it's gonna be, it's gonna be a 4 inch screen but they are not talking about that until 2014. so possibly a 4 inch screen. everything's the same. faster processer; better camera but, i really don't think it's gonna be too much hype on this phone. and now the stock. > > the stock i thing was sell- off on the event. usually apple runs up to the event and sells off to the event. you look at friday it had a technological range 489 to 499. apple got up to about 515. it seems like a has its carl icon put into it. maybe a 465 when people come back to be short the stock. the stock looks pretty strong but, i can see one of these moneys shipping into facebook and out of apple. and what do you think about the overall s and p 500. we're going here, especially what's happening with syria? > > we had overlapping bars of course of the last five days on the charts we got up to 1663 which is half of the pre-market high on friday. then we sold off the 1640 so we actually been kind the in this range of 1630

in 1660. i think that if we break 1630 he get down to 1680 in a heartbeat. i think were heading to a low. i don't think we can sustain three% on the tenure interest rate and also oil's up another $2 on friday with both the those factory in and we tell has been pretty weak. i think the market's going to roll over a little bit here i am leaning towards the short side but stocks and pacific. and do you think eventually we'll see a good bounce back here? > > it should be interesting we've been off lot this year but with oil being its higest it really hurts the customer pocketbook. economic data has been pretty strong we've seen home sales a little bit we had strong economic last week. today we don't have a lot of economic data. we're actions to the earnings cycle so we don't have earnings any more. i think if oil continues high we will see the clt, which means interest rates are going higher i think we will roll over.

and andrew i should also address you as an author you have your new book keen on a market which is a terrific read for anybody who does not know about trading options or if they do. great job and congratulations! > > thanks angie, you have a great acknowledgment of the book as well. i do that's why i'm plugging your book your the only one and andrew! before we go, we'd like to recognize the newest affiliate joining the first business family, k-u-cw, salt lake city: utah's cw30" -- welcome.

coming up next time on first business... why saving money could make you more attractive.... from all of us at first business news.. have a great start to your week. volatility grips the market --- as traders prepare for a possible move into syria.. in today's cover story....are more job seekers calling it quits?.... plus......find out if your 401k savings are being eaten up by fees.... and.... does apple have something extrodinary in store for consumers.

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