will the dow keep up it's hot pace-- after scoring its best week since january.in today's cover story...legacy lost...how the recession is cutting into family inheritances.plus, tough times are driving motorists-- to rent car parts..and the stock that could become --- the buy of the week.. first business starts now! you're watching first business: financial news, analysis, and today's investment ideas good morning!it's monday september 16th. i'm angela miles. in today's first look: stocks and syria. the market could react today to the latest developments on the syrian crisis situation.president obama spoke about possible outcomes in an interview that aired sunday morning.

last week the dow logged its best week since january. friday the dow rose 75 points, the nasdaq gained 6, and the s&p 5. gold lost more shine- and oil closed around $108 per barrel. fed taper talk---the market will also be on edge this week as the federal reserve meets -- with comments coming from fed chairman ben bernanke. ulta glams up wall street. after delivering blow out earnings news. shares of the cosmetics company soared 17%. and rising cocoa butter costs are beginng to sweeten chocolate prices. especially in china where the candy is in high demand. scott bauer of trading advantage joins us now from the trading floor. this is a big week for traders especially with the fed meeting coming up. > >it sure is. > >what do you think is likely to happen? > >it looks like the market is

really pricing in some reduction some reduction in tarp here. some reduction probably somewhere between 10 to 20 billion a month. if that happens you may see just a little bit of a selloff but then i would think that the market would keep this acceleration--- keep the momentum going higher. > >scott, gold was slammed last week. what do you anticipate this week? there's even a call that we could see gold at $1,000 per ounce or less. > >we were seeing a bunch of those calls over the summer and a few months ago when we saw gold dip down below 1200 or 1100. i think we've seen this pullback here in just the fact that we're going to see a tapering. $1,000 is kind of out of the realm, at least in the near future. if someone wants to make that call for a year or two down the road that's one thing but there's a lot of hard stops coming in here in the low 1200s in gold.

> >as twitter moves ahead with its ipo plans, are there social media stocks you would buy that could get a bounce? > >i think you have the camp that's gonna be very cautious about twitter because of what happened with facebook. and then i think you have the camp that says well look at facebook---yeah it took a year. it took its hit. it was difficult but look where it is now. so i think that social media is back in play. i think that twitter---i think pandora which we've seen last week up 15-20%---i think those are a couple good ones. social media is here to stay at least for the short run. > >good point. thank you scott. > >thank you angie. wall street will listen closely for comments related to a "taper timeline" when the federal reserve announces it's decision on interest rates wednesday. a majority of economists and traders believe the policy makers are ready to pull back on the $85 billion dollar per month purchase of bonds. the quantitative easing

is helping to stimuluate the economy by keeping interest rates low-- which is of great concern to money managers. "we have to worry because obviously there is a big fire of treasuries, and they've been keeping an artificial level of interest rates, so by having them move away, i think is a good thing. and having them give us a lot of advanced warning is even better. so i don't see them moving anytime soon quickly, but just incrementally." this month's federal open market committee decision will be followed by a news conference with fed chair ben bernanke. congress is running short on time. the government could partially shutdown if congress fails to come up with a spending bill by september 30th. shortly after that-- lawmakers need to decide if they will raise the nation's debt limit-- or allow the country to default on its loans. white house aides said last week-- the president is willing to accept a bill that keeps spending at sequester levels for 3 more months-- but not if it slashes programs that benefit families in need. republicans signal they want major spending reforms. the f-b-i is now feeling the effects of the sequester. and it's having an impact on the agency's ability to accomplish its mission, according to its new director. james comey remarked that he doesn't think the public knows

enough about the fallout from the budget cuts. comey wants american's to know his agency is losing three thousand positions. and, next year--- the agency may have to furlough all fbi employees for two weeks. president obama is replacing chief economic adviser gene sperling who leaves in january with jeffrey zients. zientz is filling in as acting budget director. he led a white house push to streamline government. and joined the white house in 2009 as chief performance officer. some california workers are getting a pay bump. california's state assembly and senate approved raising the state's mimimum wage from $8 to $10 dollars within 3 years. it'll be one of highest rates in the nation -- surpassing the top paying state, of washington, where workers earn $9 dollars and 19 cents an hour. it's the first minimum wage increase in six years for the golden state. americans are cautiously spending their money. retail sales rose .2% in august, just shy of the .4% gain economists predicted. spending was brisk on items such as cars,

furniture and electronics. but sales slowed at home improvement stores and clothing stores 2 major airlines are having a rough ride. united is honoring free fares that were accidently available to customers for 15 minutes last week. the fortunate passenger who snagged the deals will only have a pay a few dollars for an airline security fee. united blames human error on the snafu. and, dozens of jet blue flights were delayed when a computer glitch limited the airline's ability to dispatch jets. carnival cruise lines is offering a money-back guarantee to passengers.it's a way to boost bookings following a series of mishaps on the high seas. if customers are not happy with their vacation they can end their trip early, and get a 110% refund. transportation expenses will be covered and the guest will get a $100 ship credit. one of the more prominent problems for carnival happened ---in march when an engine fire stranded passengers on a ship a-drift for 5 days. a man on a mission from australia is leading a protest

in chicago today to stop mcdonald's from building a restaurant in his town.and he's armed with 50 inflatable kangaroos. garry muratore lives in an tecoma ,australia, which borders a national park. the town has two thousand residents, but muratore collected nearly 100 thousand petition signatures. muratore intends to hand the petitions to mcdonald's ceo don thompson. the demonstration is scheduled to happen outside chicago's rock 'n roll mcdonald's. in a big win for health and environmental advocates, wal- mart will stop selling products containing ten hazardous chemicals. it applies to cosmetics, fragrances, household cleaners and personal care products. the nation's largest retailer says starting in january-- it will monitor efforts to clear these chemicals from store shelves. it will also apply the new rule to its own brand of cleaning products and will require suppliers to disclose products containing harsh chemicals. the nfl is fielding brain injury claims from assistant coaches, network analysts and front office personnel. more than 90% of the claims are reported by the la times to

allege serious head or brain trauma. the nfl is facing a serious problem -- as a large number of workers seek compensation after being hurt in football incidents.critics fear players will seek government aid, which hits taxpayers. however, compensation cases are the responsibility of the employer or insurance companies and "not" taxpayers. fidelity is known as the king of 401k plans. but now some investors are suing over pricey mutual funds. employees work for several large corporation.. argue in this lawsuit-- fidelity stocked their company 401k plan with expensive mutual funds when less expensive funds were available. fidelity manages hundreds of mutual funds from low end to high. a spokesman tells reporters, the lawsuit is totally without merit. in our cover story, the phrase from your rich relative "all this will be yours" refers lately to a shrinking slice of the pie. the inheritance has

inherited some shortcomings thanks to the recession and cutbacks to employee pensions. "when i die, my son, all this will be yours." the 1966 movie, "the wrong box" talked openly about inheritance. "yes, father." but particularly for americans, most discussion of inheritance has gone downhill ever since. "we just don't like the thought of money and the death of nana." a study commissioned by financial website interest.com found only 27% of americans under 60 expect to receive an inheritance. the recession took a big bite of retirement funds. and employer pensions aren't what they used to be. "we're now on our own. pensions don't exist like they used to." but the study found a surprising 42% said they wouldn't blow it all on an expensive luxury. "i'd pay off debt.."

even those with lavish ideas had a measure of investment. "an antique car or motorcycle that i could sell, if i wanted." of those who expect an inheritance, most figured it would be between 10-thousand and 50-thousand dollars. the survey also looked at 401k accounts and found the average balance is about 80-thousand dollars. an inheritance, even a small amount can make a difference. "the best thing you can do is put that 50,000 away and forget about it." "an inheritance can be like a burst investment. it can really boost your savings if you invest it." personal savings rates have changed a lot since the 1970's when roughly 14% of every paycheck was put away. now, it's about 5%, according to interest.com traders and investors are anxiously awaiting the opporunity to jump on the twitter ipo. the social media company revealed last week--

with a tweet --that it has "confidentially" filed with sec to place shares on the stock market. gsv capital-- is the top investor in twitter and reporteldy values the internet company at $10.5 billion dollars. ahead of the ipo, some traders are using gsv capital as a way to trade twitter. gsvc shares have been trending higher. microsoft is playing a trading game. in a new promotion, microsoft is offering gift cards up to 200 dollars to customers who trade in their ipads at microsoft stores. microsoft is hoping shoppers will use that money to buy a surface tablet. still to come: the automaker that's almost ready to roll out an ipo. plus, how cash-strapped drivers are saving "spare" change -- by renting car parts. and, after the break...how entrepreneurs from wall street are dredging up new business. stay with us!

♪ ♪ ♪ ♪ ♪

fiat's ipo could roll onto the stock market early next year. fiat owns a nearly 60 percent of chrysler and is working to merge the two car companies.the ceo of fiat says even though the merger process may stall-- chrysler intends to file for intial public offering by the

end of the month.the united auto worker's trust holds a large stake in chrysler and wants to sell part of it through the ipo by the first quarter. when you think of rent-to-own, big-screen tvs and leather couches might come to mind. but what about tires? tire prices are at all-time highs. and consumers short on cash, are fueling this booming business. jackie keenan reports from florida. when it came time for rebecca kelson to replace the tires on her mustang, she couldn't afford to pay full price. but she found rent-a-roll to keep her ride rolling. she's been coming in every two weeks to pay her debt. i like the payment plans they have for you, it's pretty reasonable. kelson isn't the only one racing to rent n roll on payday. the rent-to-own industry's fastest growing segment is the tire and wheel business. here consumers rent or buy a new set of tires and make small weekly payments. if they take too long

to pay it off, customers can end up paying twice as much for the tires. you definitely pay more if you don't pay it off early. ceo larry sutton's business is booming. when he started his first rent-n-roll in 2000 70 percent was focused on flashy rims. now tires make up half his business, and rent and roll is the 17th largest tire dealer in the country. with household income down five percent since 2009, and credit still hard to come by, the recession is playing the largest role in rent n roll's success. sutton says his customers simply can't afford to shell out a large amount of cash for tires. but they still have a need to keep their cars safe. a lot of people that had the

cash and were credit-worthy, all of a sudden didn't have the cash, didn't have a job, but yet they still needed a decent set of tires. the economy is a big reason why this industry is booming. but it's also been the cost of manufacturing tires. gas prices, a world-wide rubber shortage, and tariffs on chinese tires all caused tire prices to jump by 70 percent within the last three years. the cost of raw materials is now going down, but manufacturers still haven't lowered wholesale prices. all of a sudden a customer that could have bought tires for 300 all of a sudden it cost 550, so it got crazy. sutton says about half his customers have trouble making payments, but he's rarely had to reposses. kelson says she definitely doesn't want that and is dilligent about paying off her wheels. i try to pay more than what i owe every two weeks so i can hurry up and get it paid. for first business news, i'm

jackie keenan. the average rent-to-own tire dealer turned a revenue of more than 720,000 dollars. rent n roll has 66 locations and 11 new franchises opening in the next 12 months. coming up: how an entreprenuer gets his inspiration from the bottom of a lake. and stick around for the stock-- that could be the next ulta-- the details in chart talk.

count on the entrepreneurial

mind to come up with an intriguing creative business scheme. here's one i would've never thought would work. harvesting from a lake, wood from a century old logging operation. they're dredging up ancient sunken timber from the bottom of a lake in maine. who thought up such an idea? tom shafer and his partner---he co- founded the company maine heritage timber. tom let me ask you, is it the wood, that has just an interesting story behind it or is there something special about the properties of this wood? > >it's two-fold. number one, there is a very majestic story behind it's also {inaudible} timber which makes it denser and stronger. that incorporated with what the water does to it and the patina that it offers makes it a one-of-a-kind product. > >how does a long term specialist on the new york stock exchange come up with an idea like this? > >i wish i could take the

credit for it bill. my business partner had done this in 2002 and we met in 2008 and i was looking for a new direction in manufacturing after being in the service industry for so long. we got this together and we raised the money and now it's gone from manhattan to maine--- and real proud of it. > >how much wood is down there under the water that you're hauling up each day? > >we take out about 75-90 {inaudible} of wood. to put that in normal terms, that's about 18 yd. containers full of wood. so it's quite a bit of wood. we figure we have about 10 years of longevity for this project. the initial estimates are between 500 thousand and a million quart of wood. > >so, how far away are your customers? there can't be anyone else in the country that's doing this. where do you do your installations for the wood flooring? > >we rely on good nwfa installers to do our installs. we'll ship nationwide. we're in some talks with some people in

europe right now. the nice thing about our product is we can get it to anyplace in the country. we're doing a job in florida right now as we speak. > >tom shafer----fascinating story. i love these entrepreneurial stories. thanks so much. > >thank you very much. thank you bill. just ahead-- if you missed the big move in ulta last week you might have another shot on a different stock. find out next in chart talk.

joining us now, andrew keene, president of keeneonthemarket.com. good morning andrew. > >good morning angie. > >you are watching shares of pier one. what are you seeing in the options market? what is the options market telling you about this stock? > >last week it looked pretty strong. it got to this $23 level. we saw a big buyer of the 23 calls in september before earnings. they have earnings on thursday. it's actually been underperforming the market this year. it's only up about 12% year to date. this is specialty retail, but if the consumers coming back and they're starting to spend money....we saw great earnings out of ulta on friday. it's

specialty retail with a high pe. i jumped on board. i bought september 23 calls---i mean, october 23 calls. i think the stock can pop through 23 and get up to recent highs of 23.50. > >really? ok, so you're looking for this to happen in just a couple of months here. this is a very short time frame, correct? > >yeah, they have earnings on thursday. i've defined my risks vs. reward and the reason i like to use options is because if a stock does roll over---the chart isn't that great like i said---underperforming in the s &p, i can only lose the value of those calls. so, i'm not buying stock but i'm playing them through call options. > >and that also maybe keeps you from losing money as you mentioned. just in case it's a blooper of a number here. > >on friday, the minute they bought these calls the stock popped about 20 cents. the stock popped initially, got to 22.68. looks like it has resistance at 23. i like this. they have a lot of exposure in the united states and canada. they don't have the exposure over seas. we saw ulta with blowout earnings. i think pier 1 could get it done this week. > >thanks for bringing that to us today. > >thank you. that's all the time we have for today. coming up tomorrow-- why women may be taking a back seat to management positions at big banks. tips on how to move ahead will be on tuesday's show. from all of us at first business, we wish you a great monday!

>> announcer: the following is paid presentation for focus t25, brought to you by beachbody. >> [ echoing it's about time. the number-one people have for not working out is they don't have time. >> i have four kids. >> i work 60, 70 hours a week. >> i don't want to work out for no hour. are you kidding me? i don't have the time. >> announcer: no time to work out? no problem. introducing focus t25, the breakthrough in-home fitness program guaranteed over an