shock and awe. wall street reacts with a record rally to the fed's latest decision on economic stimulus. in today's cover story, confrontation under the golden arches. a group of australians go toe to toe with mcdonalds execs. plus....where's the love? why americans are feeling less engaged at the office.. and...will the toronto film festival be the source of the next blockbuster hit. first business starts now! you're watching first business: financial news, analysis, and today's investment ideas good morning! it's thursday, september 19th. i'm angela miles. in today's first look: a record relief rally. the dow and s&p 500 reached all time highs after the fed said its not ready to start tapering its bond buying program. gold

futures reacted with a $57 dollar surge. oil pushed higher by $2.76 oracle gives a week outlook in its earnngs report. the software stock fell 3% after the close on the disspointing forecast. dow jones reports blackberry is going deep by preparing to cut 40% of its staff by the end of the year. the company says and priceline hits $1,000 during yesterday's trading session. the stock closed at $995. todd horwitz of average joe options joins us on the show now. todd, we had a taper escaper. what do you expect from the market today? > >good morning angie. i wonder what happened to the transparency in the market. we were supposed to have a transparent fed, we were supposed to start tapering. yesterday they decided they didn't want to so they kinda sandbagged the market. i think we're very near top. this bubble---which iv've been on record before---this is one of

the bigger bubbles and it's starting to remind me of lehman brothers and bear stearns back in '08. so, i look for the action to wane and look for some selling pressure. > >what's your outlook on treasuries? > >treasuries i think are going to start coming down again. i think we had a natural spike yesterday based on what the fed said. but interest rates want to go higher. we've seen this for the last two or three months playing out that interest rates have started to rise and i don't think there's anything that's going to really stop the interest rates from rising so i think treasuries will start to get hit again. > >gold spiked yesterday. is that telling us anything at all? > >we had a tremendous amount of weakness in the u.s. dollar which naturally pushes up the price of commodities---in this case, gold. remember, gold was just 1420. it went back to 1275 so we're having a little bit of a bounce back in here. but i think gold fits along with everything else and you should be a seller of gold as well. > >thank you my doomer and gloomer friend. have a good trading day. > >have a great day.

a wave of relief on wall street. traders got a surprise yesterday when the federal reserve decided to continue its bond buying stimulus program, until it has more evidence of economic progress.chairman ben bernanke says the budget debate in washington and rising mortage rates pose risks to economic recovery. he also told market- watchers that changes in the unemployment rate alone may not indicate when fed tapering will begin. "in particular there is not any magic number that we are shooting for. we are looking for overall improvement in the labor market." for now, the fed's bond buying program will continue. bernanke hinted that the central bank may begin to taper before the end of the year, depending on the data. short-term interest rates will also remain low. the fed's threat of tapering it's bond buying program back in may sparked a rise in interest rates.now that the fed remains on hold from actually taking action... greg mcbride of bankrate.com tells us what consumers can expect.

well angie, i think you get a bit of break from those higher mortgage rates that's we've seen it's kind of a brief respite if you will, because it's not that they've taken this tapering off the table all they have done is put it on hold for another month or two until they eventually start it and inevitable they will and when they do mortgage rates will resume the march higher.. last week mortgage applications jumped 11% from the previous week as interest rates dipped a bit. the 30 year fixed rate fell to 4.75%. the 15 year slipped to 3.81% for money managers and corporate america-- the fed failing to taper-- means more of the same availability of historically low interest rates. about two- thousand companies in corporate america are saving a collective 700-billion dollars in interest payments. while corporate bond yields have fallen to an average of 4.6%. "the question is, 'should you be in the stock market or the bond market, the answer is stocks because that's where the money is flowing." "what you're going to see are the financial stocks do well because they're the direct beneficiaries of it."

j-p morgan chase says corporations boosted capital expenditures up 8.7% in the second quarter, compared to a year ago. also, needy companies are getting a break as the speculative-grade default rate has dropped to 2.3% in august. it was 11-and-a-half-percent in november 2009. president obama is urging business leaders to use their influence to help avoid a congressional clash over the the debt ceiling. the president spoke to the the ceos at a business roundtable wednesday. the nation is on track to reach its borrowing limit next month. if congress does not reach a deal, the governtment will partially shutdown and the u.s. will default on the bills it owes from previous years.the president says a faction of the republican party is holding up negotations. "you have never seen in the history of the united states the debt ceiling or the threat of not raising the debt ceiling being used to extort a president or a governing party and trying to force issues that have nothing to do with the budget and have nothing to do with the debt."

as the president was speaking to business leaders... house speaker john boehner laid out a bill that raises the debt ceiling but strips funding for obamacare. walgreens is the lastest company doing the health care shuffle. instead of offering health care benefits-- the drug store chain is sending workers to the new health insurance care exchanges with some money to spend on coverage. walgreens follows sears and darden restaurants in side-stepping health care reform. the news benefited-- benefitfocus. the company makes software that enable a company's employees seek benefits through private health exchanges. the stock nearly doubled in its ipo debut yesteday. public sector workers are striking in greece. doctors, lawyers, teachers and court officials walked off the job yesterday. today marks day two of strikes opposing a plan to place government workers in a

labor reserve. the plan is dictated by greece's bailout terms. workers contend it's a cover for layoffs. later this week, troika officials will visit athens for a review of greece's bailout performance. a grim measure of the economic crisis came to light this week. new data compiled on suicides uncovered a spike followed the 2008 financial crisis. five- thousand victims of suicide were reported in 2009...an increase of 9% in the u.s. and canada. the victims were mostly men between 45-and-64 years old. that was sad story. as for other fallout from the financial crisis, the government is reducing its stake in gm sooner than expected. the u.s treasury has slashed its stake in the car company to just 7.3%. putting the government within months of winding down from its bailout of gm.

the sec is out with it's highly-anticipated proposal on ceo pay. under the plan companies would have to disclose the median annual "employee compensation"-- and, the ratio of that median to annual "ceo pay." currently its estimated ceos earn 354 times more than average workers. critics say the new rules will not be beneficial to investors. apple's new iphones go on sale friday.most tech analysts are impressed with the new features on the new iphone 5-s which has a way to get onto the phone with a scan of a finger versus a password. and, there are other cool advances in technology on the smartphone being met with glowing reviews. "if you're aggravated with the 5,. what you are going to find with the 5s is it's going to get better battery life, siri is going to be far more capable than she was, though you're going to get that on the 5 with the software refresh. and you'll probably find that the antenna works better, radio works better and the camera works better as well." the 5-s is reported to already be in short supply.

apple is said to have a limited inventory on the new 5c model... which has similar features and is 100 dollars less australians hoping to block mcdonald's from building a 24- hour fast-food restaurant in their small town hoped to appeal to mcdonald's executives directly. as our cover story shows, they didn't make it past the front door but did meet briefly with representatives outside mcdonald's world headquarters. a contingent of australians brought boxes filled with petitions halfway around the world to mcdonald's world headquarters in surburban chicago. they'd hoped to convince executives to abandon a two- year fight to build a mcdonald's in tecoma, a suburb of melbourne. they were met outside the front door by two vice presidents--one of communications, the other--of social responsibility. "we haven't gotten anywhere near anyone with decision-making capability. we've gotten the "b-team." the group asked why mcdonald's had pursued legal action against protesters in their town of about two-thousand people. dropping some claims but keeping others. "we've had folks photographed, a woman was assaulted by one of your security guards." "the only legal protection we've

sought is against trespassing at the site." after a brief exchange and told they could go no further, they handed over the boxes. "they're heavy, aren't they?" "at this time, we are comfortable going forward with the project. we're received support from residents for it." mcdonald's distributed aerial photos showing a strip of land zoned for commercial development. but protesters say none of it has a 24-hour-a-day drive-though or a large parking lot as is planned. they fear tecoma, on the edge of a national park would be overrun with traffic and litter. "we'll get thousands on site. we're going to continue. we're the little town that roared." mcdonald's says the franchise in question would be owned and operated by an australian who owns two other mcdonalds. the protesters say they plan to demonstrate at those locations after their return to australia, later this week. starbucks is done with guns. the coffee chains ceo howard

schultz wrote in a letter to america... that he's respectfully requesting that customers no longer bring firearms into our re outdoor seating areas. the letter will appear in several major newspapers today. shultz says its not an out and out ban on guns. originally starbucks permitted weapons at its cafes. an economic bellwether reported a boost this quarter. fedex reports better than expected profits due to cost cutting measures. the delivery company is also backing its full year outlook... and plans to push up shipping rates in january. wall street applauded the news, sending the stock up 5% yesterday. at general mills, the brand said higher yogurt sales lifted quarterly profits. the company also gained in profits from its international business. the merger between american airlines and us airways is facing headwind from one of its unions. flight attendants for american eagle-- which is owned by amr-- fear losing their jobs if a new airline is formed. yesterday, pilots, mechanics, baggage handlers and flight attendents from american and us airways rallied in washington to support the merger. the

goverment claims the merger would reduce competition and is suing to stop the deal. thousands of tourists remain stranded in mexico following the aftermath of a tropical storm. 57 people have been killed by floods that hit central and southern mexico over the weekend. an estimated 40- thousand vacationers continue to wait for seats aboard outgoing flights --departing twice an hour. residents are bracing for the possibility of another storm this week. there's still plenty more to come.... conflict of dis-interest. bill moller tells us why its becoming harder for corporate america to find loyal employees.... plus..the indie films that are headed for the big time in hollywood. and...find out if traders think the stock market will get a rally redo today. we'll be right back.

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loyalty to your company and being engaged in your work. now why do you suppose both are declining? doesn't seem our hearts are so much in our work and we don't feel connected to that company that is paying us. and that's costing companies, says the bureau of national affairs, 11 billion dollars a year in employee turnover. why

is this happening and what should companies be doing to get us back in the game? dale carnegie training did some research on this. greg cox is president of dale carnegie chicago. greg, what should companies be doing to keep us engaged and loyal to these companies we're working for? > >well, gallup did some research a couple years ago and they found out very interesting statistics on engagement. first was, out of an organization of 100 people, 28% of the people in that building are going to be engaged. 54% are going to be disengaged. and 12% are going to be actively disengaged. > >almost meaning they're sabotaging what the company's trying to do. > >what that could mean is they're not planning on leaving. theyre probably planning on staying and taking some other people with them--- being toxic. > >so give us the three things that a company needs to be doing. > >the first thing is that satisfaction with the immediate supervisor has got to be solid. secondly, is a belief in senior leadership, and then finally

what we found in our project was that there needs to be pride in the organization. > >why is that breaking down? what's changed over the years? > >well, there's a lot of different things that would fit into that. one thing would be that today's worker---a millenial under 30---is a little bit entitled so the research shows. so sometimes they could be looking to get engaged rather than to be engaged. > >well a company does have some responsibility to almost proactively create and engaged workforce. > >absolutely. it's a dynamic relationship. particularly with the immediate supervisor. not only is that immediate supervisor need to bring leadership game so to speak and be interested in mentoring and coaching, but the employee has a role in and they need to be all in. they need to be paying attention and work on their relationship too. > >so managers almost have to say what kind of company would

i want to work for and then create that environment. > >that would be a great question to ask that doesn't get asked therefor it lowers engagement. > >greg cox from dale carnegie. thanks so much. > >you bet. thank you bill! coming up.... oh, canada....the toronto film festival has a few surprises in store. the a sneak peek is just ahead. plus...will the stock market stallout after racing to new highs wednesday? stick around for chart talk.

a breakout film could continue to gain momentum at the box office this weekend. our movie guy is here to talk about the insidious september. welcome back to the show as always eric. > >thank you. > >this film did surprisingly well at the box office. > >it did tremendous. the first insidious from a few years ago was a nice little word of mouth hit.this is just great news for james wan who's having one heck of a year. he had the conjuring this summer, he signed on to do the next fast and the furious movie, and now this. it's tremendous. > >it was almost a record breaker. > >yeah, it was the second

highest grossing opening weekend for september just behind hotel transylvania which is an animated film so it was all the more spectacular. > >here's what els happened at the box office:....coming up this weekend, a couple of films: prisoners and battle of the year. any contenders there? > >prisoners has a chance. prisoners is being very well advertised right now. hugh jackman is certainly making the rounds as a possible oscar contender even. the film itself i think is very strong for two acts. it's a very solid kidnapping thriller, very intense, very emotional. i think the final third turns in to girl with the dragon tattoo. insidious might come down. it might be frontloaded enough for prisoners to leap over and take the top spot this weekend. > >you are fresh off your trip to the toronto film festival. you saw 43 films. > >that's right. 43 movies in 8 days. > >and what you noticed is there are some small films getting purchased by some big hollywood agents and studios. here are the movies that were

sold....tell us about these starting with the f word. this actually has harry potter in it. > >the f word isn't exactly what it sounds like it is. the f stands for friend in the movie. daniel radcliffe plays a guy who would much rather be in a more secure relationship more than just being friends with zoe kazan in the movie. cbs films bought that for 2 1/2 million. i think it could be a nice sleeper hit if it gets picked up. > >bad words---speaking of--- had a lot of buzz. this is one of the top sellers at the festival this year. $7 million focus paid for jason bateman's directorial debut. it's a very funny movie. the people at focus advertise it the way that bad santa was advertised. it's very much in the same realm. it's an older man swearing at children at a spelling bee no less. i think this film could be a real solid sleeper hit for jason bateman. > >and can a song save your life? > >this was directed by john carney who did a small film called once a few years ago. it actually won an oscar for best original song with glen hansard

and marketa irglova. this is another lovely little film about the making of an album basically. mark ruffalo and keira knightley---keira knightley sings in the movie. catherine keener and adam levine are also in the movie. > >and the railway man which has mr. darcy. > >yeah, it has colin firth and nicole kidman. it's based on a true story of a man who was tortured during world war 2 by the japanese. the story is about not only his experiences but him as an older man and going back and confronting the people who tortured him. weinstein people picked that up so i'm sure they're gonna be looking for oscars maybe next year. > >thank you eric. > >thank you. was the record move in the stock market a one day pop or is there more rally action to come? find out in chart talk next.

in chart talk now, the stock market zipped higher on the fed's inaction on tapering. joining us now is matt cavanaugh of cmz trading. good morning matt. > >good morning. > >will the rally continue into today's session? > >it should be really interesting to see how the market reacts and digests this news over the next few days. the market instantly rallied when the fed said they weren't going to taper. continued to rally as bernanke made his comments. said they're gonna keep the pedal to the metal, keep the short term interest rates low

and really continue to support this economy. so it's interesting to hear, interesting to watch and we shall see what the market does. > >anything in the charts to say this rally could perhaps start to back off? > >we thought so. but everytime you think that the rally's about to back off it's not because we've got this central bank back stop. we do have some big news coming up now through the end of the year. it looks like the numbers aren't so hot. housing is softening a little bit, but we've got the fed. so, really interesting to watch. we're kind of in uncharted territory and i think we could be going to 1800 in the s &p and we could be going back down so...buckle up. > >buckle up. and maybe we see more rally today. you never know. thanks for coming on the show today matt. > >thanks. coming up tomorrow..does chatter matter? how chit-chat around trading floors led many wall street to believe the fed would taper. join us on friday. from all of us at first business, have a great day!

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