connell: adam shapiro live from texas with more. adam: after the meeting adjourned i went to michael dell and asked what he thought about this. he will have a conference call at 11:00 central time. he is pleased and excited about the company's future. but the shareholders who are going to lose tens of thousands of dollars because this deal will sell their shares at $13.75 a share are not so pleased. one of them joins me now. vince duncan. you knew this was coming but it is a bitter pill to swallow. >> i had this stock over 15 years and supported michael dell along with other stockowners and they are taking stock away from us, nothing we can do about it. we are going to lose money. >> you have 7,000 shares, this deal will close by the third quarter of dell's fiscal year, what does he do with the company in the future? was this a necessary step to save it? that is what he is saying. >> i don't think it was. i think a necessary step would have been carl icahn to take over. i don't believe michael dell has got it any more. if he turns it

liz: adam shapiro is right there at dell headquarters in taxes with the details.as this the fourth vote? >> that is right. forget three strikes and you are out. $25 billion deal. he will take the company public. i asked him about all of this. he says he is optimistic about the company's future. that is the key question. what does dell become now? they will not have to answer to shareholders. they are being short changed. >> he should have stepped aside and announce he would buy this thing or take it private. he had no business in doing any daily operations or doing nothing. >> as i wrap this up, the cfo here was in a conference call. he has several questions. they do not offer many specifics. taking this towards a company that will invest heavily. the pc that you know as dell, a lot of people speculating that they may even one day sell off the pc unit. 110,000 people work for dell. they just said we will balance and realign resources where we see opportunity for growth. back to you, liz. liz: i am the least technologically savvy person, but i had to get rid of my

adam shapiro in on this turn of events and what it means to him in particular. adam: according to the "wall street journal" the 5% stake in dell will bring him $70 million. but he still says this stock is greatly undervalued at the price michael dell will pay for the dividend along with the partners. in a letter he sent to other partners, carl icahn actually said even in a dictatorship when the ruling party loses an election and then ignores itself, to prevent to cause reason to justify their action what he's talking about is the special committee which delayed the shareholder vote twice to give mr. dell a chance to uphold his bid. what is the difference? most dictatorships only need to postpone the vote once to win. here is the key quote to what is at stake going forward. he says will determine it is almost impossible to win the battle on september 12. we have therefore come to the conclusion that we will not pursue additional efforts to defeat the michael dell proposal although we still oppose it and will move to seek appraisal rights. he is looking to get even

adam: adam shapiro. a disappointing jobs report and syria. the dow is down 16 points.ook at what is holding back hiring. tracy: winning support for syria strikes, backing from ten other countries. adam: the national football league is a cash cow all the grows bigger every year. we will look at the moneymaking secret behind the all american business coming they. tracy: let's get you updated on the markets, since the police of the jobs report this morning let's head to the stock exchange to check with nicole petallides. what is the latest? nicole: in node from jpmorgan which echoes the sentiment of what we have been seeing on wall street. they are looking at this market with back-and-forth action, the dow is up 16 points after having been down almost 100 points, we at a 200 point talk to bottom and that was a big swing today, we heard from vladimir putin, president obama, got in a weak jobs report, revisions for the prior month's were not favorable, but look at the one week chart. momentarily we are looking at negative territory, only now it is up 2% and the s&p 500 up 1

adam: and i am adam shapiro.m the federal reserve. lpl financials says it is all up to washington and if congress can get its act together. lori: though wait for two new iphones stretching for blocks. check that out. adam: clear channel chairman joins us in a for on fox business interview. his latest gamble starting today from las vegas. the retail shakeup in california's nordstrom cut the ribbon at a new location. guess what, it is just around the corner from the other location. adam: right now we want to find out why the dow is down this hour. we will go to nicole petallides for that. nicole: we have had a nice run.

i am adam shapiro. lori: 11 hours to go. first u.s.sible. the house back in session and the senate reconvene next hour as majority leader harry reid vows reject the spending bill over the weekend. lou dobbs on which side will blink first and break the impasse over funding. adam: it looks like the government shutdown is going to test the resistance. just how much damage the shutdown would actually cost. lori: it is not just washington that investors may be underestimating. dick dove joins charlie gasparino and why they may be in for a costly fight with regulators. adam: the new competition from google, joining us from who tops the list right now. lori: posse no surprise with washington this week. nicole, stocks still down but pulling back from much earlier losses on the last trading day of the quarter. nicole: we were down about 163 points at that time he had you still see that market action is a negative one with down volume clearly outpacing up volume today. from center to center whether it is angst or energy, et cetera. down arrows w

now let's get the democratic side, washington congressman amd adam shapiro adam smith. for the chance. >> a lot of republicans believe some democrats areçó relieved te vote's not happening because they believe a lot of democrats wanted to support the president but were not in favor of force in syria. were you in that camp? >> i don't think we're relieved. we all have different positions. the biggest perspective from the democratic side is it's apparent in the senate and house the president would have a difficult time getting those votes. the impact on policy would not have been good so this gives us another option, hopefully better options, to control the chemical weapons. a lot of democrats and republicans were skeptical about one-time strike, how effective it would be and what it would accomplish. the debate will continue and it's far from over. we may still have that vote. >> trace: what if this lingers? this could go on for months. negotiations and posturing and bashar al-assad. what if it lingers for months? then what? >> i think the single-most important thing --

lori: adam shapiro, many thanks to you. the president last night said he is exploring the russian diplomatic plan to end the chemical weapon dispute. lou dobbs is fired up. last night did nothing for me. lou: it was not a foreign-policy speech per se. it was a speech that never should have been given, in my judgment whatsoever. he said we are not the policeman of the world. he said it twice. he said he wants to be the policeman of the world. there is no one out there watching us. what he did not aid knowledge is that he and his administration, over the course of the year, uttered the expression redline in the connection of weapons. he is ready to strike a solver and nation. he talked about the united nations. the united nations, the russians, this is the president who is so far field for the reality of the global demand on this nation. it was a confused, confounding, contradicting speech. i think, arguably, arguably, the worst ever delivered by any american president. lori: how do you think that this president has done mana

enough to make our resident car fanatic adam shapiro -- adam: drooling when they announced this lasty: we'll take a look at this weekend's huge car auction in the teeny, tiny town of pierce, nebraska. that is next. adam: look at some of today's losers on nasdaq. ♪ ♪ nascar is about excitement. but tracking all the action and hearing everything from our marketing partners, the media and millions of fans on social media can be a challenge. that's why we partnered with hp to build the new nascar fan and media engagement center. hp's technology helps us turn millions of tweets, posts and stories into real-time business insights that help nascar win with our fans. she took an early spring break thanks to her double miles from the capital one venture card. now what was mrs. davis teachin spelling. that's not a subject, right? i mean, spell check. that's a program. algebra. okay. persons a and b are flying to the bahamas. how fast will they get there? don't you need distance, rate and... no, all it takes is double miles. [ all ] whoa. yeah. [ male announcer ] get away fast with unlimited do

adam shapiro is standing by with a special guest. adam: regis film and needs no introduction, he helped not only new york city that the nation get on its feet 12 years ago. the joins us to talk about the d.c. charity day. they raised $89 million in the last nine years, you are representing the marine frazier foundation. you have been instrumental. i can remember in 2000 when you got back on the air so quickly. why was that so important? >> david letterman put it back on the air, it happened on monday. by thursday, he has got to go back. i want to go back and i am with you and that is how he got it going and everybody else back on. >> you got a sense how important that was for the nation? >> absolutely, like we were defeated without the tv or things we were used to after that were downtown. and it had to happen. we had to go back as soon as we did. adam: you are here today, do some trade, $8 million on the line. >> it came up $8 billion plus. and frazier foundation. adam: by bbc worldwide, and -- >> helping to fight cancer one of the t

adam shapiro is live and adam which car companies were affected and how many cars are we talking aboutlast several years here in the united states. of course they were assembled here, but that would include ford, gin motors, the fiat chrysler group and then you have japanese car makers, honda, mazda, mitsubishi, toyota, subaru. so almost all of those assembling cars in north america got hit by this and it was roughly $5 billion in parts in which the prices had been fixed by japanese companies. the companies that were part of the price fixing and have agreed to pay fines and plead hitachiñr corporation as an example. >> what about some of the parts involved? i mentionedÑi steering and seatbelts. you haveútt have those. >> you have to have steering and seatbelts, but it is almost everything every car has.ñr radiatorsÑiÑiçóÑi. again the seatbelts andÑi power windowxd motors and of course as you said power steering. theÑi air conditioning system is the big one especiallyçó with the heat we have been enjoying. the problem with all ofÑ!óñr ths is it is not done yet. thisñr is an onñr qb)jt i

adam shapiro has latest developments. adam.m: the buyout michael dell takes his company private is expected to be completed by the third quarter of dell's fiscal year 2014 year. you have a look at what kind of company this will be going forward. in a conference call with analysts he did not have much to say, but h his cfo did. as they focus on enterprise solutions contemplating on cloud services and data as well as the tablet for the chinese market, he was asked about potential layoffs. this is a firm that employs 110,000 people and when asked specifically of how the new company will look and how it will be structured, will there be layoffs he says we will continue to balance, there are clearly places where we will realign resources around growth opportunities. they see the growth opportunities in enterprise solutions. accounting for 39% of its revenue in just the last earnings report so that is where the company is moving. even talking about the strategy being the middle of executing that strategy to go into a prize solutions

adam shapiro says they're speedy. adam, thank you very much. great to see you. >> take care.: he could have been on the gridiron. instead he is sitting in a jail cell. from football star to accused killer. former patriots tight end aaron hernandez goes to court today to be formally charged with murder. an update on his case. >>> plus, our coverage of the crisis in syria continues. the latest on president obama's push for action and congress's reaction as a crucial vote on capitol hill draws closer. ♪ how long have you got on your battery? just about two days. with up to 48 hours of battery life, it's the longest lasting 4g lte smartphone. the new droidmaxx by . when endurance matters. droid does. jon: new developments and breaking stories this hour. jenna: right now the senate moving closer to debate on whether or not the u.s. will use armed force against the assad regime. we're going to be live on capitol hill with the latest on that. >>> and if the united states does strike, a chilling new report says iran plans to retaliate. we have new information about where and how that

joining me now, just two blocks north of fox business is adam shapiro. ut the doors here in 2008 just two blocks away and putting a camera up to those glass windows, and it looked pretty upsetting, what we could see inside, how upset people were. >> reporter: it was upsetting when you would try to speak to the employees as they would come out with boxes filled with materials today had on their desk. but went you talk about what had been lehman brothers in the building behind me which is now barclays where barclays has gone, you know, they got caught up in the libor scandal, bob diamond issued a statement today saying that too big to fail banks still threaten the security of the global economy, that the steps taken so far have been insufficient and yet we have even bigger institutions. let's talk about barclays because they're getting ready come october 4th, liz, to raise a huge amount of capital, something like $9 billion worth of new capital because they've been with having some troubles this year keeping their revenue and their adjusted income flowing.

back together again, our resident got is monica crowley and our own adonis, adam shapiro it. >> goodissa: everyone is talking these days. where do you draw the line? the idea that they are smokeless and odorless means that you should be able to smoke them anywhere. should you? restaurants are starting to think about what the policy should be. they are tacky and and my fellow diners. i don't know. would it bother you guys? >> first of all, if you are the owner or chef of a restaurant, it is your establishments. very high end look, i let one person to it last week, but i find it tacky. not consistent with my brand. >> it's not consistent with the brand. >> would it bother me? it does not throw any smoke i think i don't think it would necessarily bother me as long as i am not inhaling what they're putting out. >> it does not bother me as long as it is not interfering with the we are doing. there is second-hand vapor. there is actually a bit of an outer. melissa: right over here. come on over. i don't smell and of order. i was pretending. it was trauma. it does not smell like anything. i

♪ >> i'm adam shapiro and for liz claman.t is the last hour of trading, and we are looking at red arrows across the board. investors are paying a lot of attention to what the feds are saying about the taper or lack thereof. four of them, including james ballard speaking analyst data the u.s. economy and the future of the fed on a buying program. it is worrying investors. peter barnes will have more of that in just a moment. concern over gridlock in washington and a potential failure to pass a new budget has raised the debt ceiling and starts to grow. the house just passing a bill that would keep the government open until mid december, but it would eliminate the president's health care law. some health care stocks popping as a result. names like at unanimous religion, halogen, and cigna are up on an otherwise mostly down day. in just a moment we are going to be joined by a top health care executive, the chairman and ceo of universal health services, alan miller. shares of tesla are zooming to the record highs for the second da

adam shapiro live with more from our new york city newsroom. mortgage rates in. >> well, we've seen mortgage rates rise since may. we're up almost a full point when they were around 3.5%, now hovering around 4.5%, but there's been a slowdown in originations. the question will banks become more competitive? most analysts will tell you can expect a little more of a dip in mortgage rates but not too much more. no one thinks we're going below 4 4%. >> do we expect it's becoming easier? >> it's becoming easier. we've reported on the fox business network that they're laying off people within their mortgage origination divisions. one of the way ways, we've alre seen them relax the credit score you need. also changing how much you might have it put down on a home and getting the mortgage, but also allowing a higher debt-to-mcratio. so it is becoming a little easier as the banks become more competitive to get your business. >> adam shashapiro, thanks. >>> there's a huge report due out on climate change, and whether people are to blame for global warming.

eastern time monday, adam shapiro and fox business team will be live to watch any developments and bring you up to speed on anything happened over the week. looking at price action, it of the volatility index showing sign of stress. >> indeed, let's get to today's action robert russell, rust and company, saying all about hinging risk -- hedging risk, he will show us, and gareth with ways. robert to you, question of how much what is happening in the beltway is affecting what is happening in wall street. we have seen a downward move, no question for last week or so. some of that is affected by washington, but no panic selling? >> no, it has been benign. we have seen this move before? -- this movie before? the political game of hot potato, we tell our clients this could be an opportunity to use that dry powder on the sidelines to pick up high quality stocks in u.s. >> gareeth do you see this too? >> you mentioned vix, we have tictaken opportunity to buying n the vix. yesterday's rally was not really a rally for us just a little bit of a short covering and nervousness returns to market. liz:

adam: i am adam shapiro. lori: good afternoon. i am lori rothman. ent. adam: chrysler revving up for an ipo. we have a behind-the-scenes drama for being. lori: the continent finally looking like a decent bat. we will have some top picks for your money. adam: latebreaking details as eric schneiderman looks to crack down on those getting data split second before the rest of us. nicole petallides is on the new york stock exchange. nicole: you were hoping to see some green arrows. right now, we do have some gains. however, they are hardly

michael dell telling adam shapiro he is "very pleased" with the future.h my stance on syria. sandra smith responds to this after the break. >> how can any patriot you this is anything but a fantastic development? >> president obama has led us into a humiliating defeat. >> who did we lose two? um... where's mrs. davis? she took an early spring break thanks to her double miles from the capital one venture card. now what was mrs. davis teaching? spelling. that's not a subject, right? i mean, spell check. that's a program. algebra. okay. persons a and b are flying to the bahamas. how fast will they get there? don't you need distance, rate and... no, all it takes is double miles. [ all ] whoa. yeah. [ male announcer ] get away fast with unlimited double miles from the capital one venture card. you're the world's best teacher. this is so unexpected. what's in your wallet? and this pk is the inside of your body. see, the special psyllium fiber in metamucil actually gels. and that gelling hes to lower some cholesterol. metacil. 3 amazing benefits in 1 super fiber

ashley: i am adam shapiro.ainst syria, syria is not iraq and what he proposes will be a limited proportional step. reaction from capitol hill and the former head of counterterrorism for m i 6. charles: rob: the index wait out america's response to the serious situation. we will also wonder if the last jobs report before the next fed meeting will make this a september to remember for tapered talk. l.p. financial is here with what he expect. tracy: the financial capital of the world and muni apital of the country, charlie gasparino on what this year's mayoral race means for the budget. it is time for stocks every 15 minutes, we head to the floor of the stock exchange, nicole petallides. nicole: doing really great, back on wall street, everybody coming back from holidays, summertime, labor day, day week this week but we're seeing a mixed market, dow jones industrials pulling back while the nasdaq index in peer looking better, of arrows, the tech savvy nasdaq looking well but microsoft is something that has been we

adam: i am adam shapiro. senator ted cruz marathon speech rally to defund obamacare.&p closes down today, it will be the third losing streak of the year. a different take on a way to fix america's debt problem. what is to blame on adding more than a trillion dollars in federal debt over the last ten years. right now, we want to check on how the markets are doing. nicole petallides will bring us up to speed. nicole: you did have a winning day. the dow is looking at the fifth day of

. ♪ >> i'm adam shapiro and for liz claman.ss the board. investors are paying a lot of attention to what the feds are saying about the taper or lack thereof. four of them, including james ballard speaking analyst data the u.s. economy and the future of the fed on a buying

i am adam shapiro. lori: i am lori rothman. blackberry shifts away fromhe market. es losing ground again today. we should get used to it according to matt smith. lori: the game changer for hedge funds. the sec with an 80-year-old ban. adam: charlie gasparino's exclusive report. he will join us with more details. right now, we want to check in with nicole petallides to see how your investments are performing. speech. nicole: it accounts for nearly half of 1%. earlier today, we had some good news out of germany and china. that brought some optimism. they are still thinking that tapering is on the

adam: i am adam shapiro. first, we will hear from two of the smartest minds in the financial world. to start tearing back support. adam: also, could there be a bernanke curveball. the fallout if the fed takes no action at all. time for stocks as we do every 15 minutes. our own nicole petallides is on the new york stock exchange. the s&p trading near the all-time high. nicole: we do have the s&p not too far off all-time highs.

adam: adam shapiro. collateral damage in the form of the debt ceiling. times spend on syria is time not spent on the debt ceiling debate and potential october government shut down. wall street journal washington bureau chief will tell us what he thinks of this. lori: get your motor running. auto sales on track for the best month in 6 years. the call it automaker helped by suvs and trucks. we will break down what could be a record-breaking month. adam: is the season to raise a glass as we head into the fourth quarter, can spiritmaker -- i don't speak french well -- global c e l p. ayres joins us in studio. lori: the will correct us. webmac you conseco after police. radar cocktail. let's get you updated on the market as we do every 15 minutes was head to the exchange with nicole petallides. nicole: we are sitting around session highs, haven't done much over the

adam: and i'm adam shapiro. for jamie dimon, wrappings up a high stakes meeting with attorney general eric holder. lori: what about demands for defunding obamacare? stocks are swinging on every word out of d.c. our next guest says all hell could break loose for the markets if congress can't get its act together. brad blakeman is here. adam: debt spiral averted? jcpenney firing back at the haters, why it says sales are looking good through the rest of the year. lori: move over alcoa, there's a new earnings benchmark in town. s&p dow jones indices senior index analyst howard silverblatt on the name to watch earnings season. >>> and once again good afternoon. let's start things off with a market check, let's head back to the floor of the new york stock exchange, check in with nicole. economic data, right,my coal? helping to boost the s&p and what could be a sixth day of losses. >> reporter: that's absolutely right, lori. so we're watching the markets that are actually moving to the upside. we've had five straight d

connell: former fed vice chair will join adam shapiro and lori rothman. that is 1:00 p.m. eastern.markets, we know that stocks are way up. here is the yield on the ten year period ♪ ♪ ♪ >> i am jo ling kent with your fox business brief. investor output increased by four tenths of 1% last month. the rise was the most in six months. chrysler could file documents for an ipo this week. the gap in employment rates is now the widest on record. an annual income than $150,000. families earning less than $20,000 have a 21% jobless rate. that is the latest from the fox business network. giving you the power to prosper. ♪ you know throughout history, folks have suffered from frequent heartburn. butetting heartburn and then treating day after day is a thing of the past. block the acid with prilosec otc, and don't get heartburn in the first place. [ male announcer ] one pill each morning 24 hours. zero heartburn. connell: the stock market sitting right near a record high. dagen: cheryl casone has a look back and a look forward. cheryl: good morning. we are in downtown manhattan. five years ago,

adam shapiro sying with us to talk about the latest blackberry news. e you hearing? >> the important part, goldman sachs is updating their position on blackberry. what they have said they lowered their 12 month pce target from $12 to the $10, based on the sum of the parts and theoretal m and a valuation. we had a guest at 1:00 on markets now, this is no-brainer at blackberry would have to do a deal or they uld b dead. thatlackberry was on death watch. on friday at 3:00, they hted trading, revenue 50% below what the street was expecting. they are not telling the blacerry 10. the smartphone is not getting tracon. they have estimated 2 to 3 million devices unsold. the company has been shopping to findotential buyer, potential savior. they knew ty were troube. the speed which their trouble ramped up on friday was pretty traumatic. you get this canadian compa, charlie gas talking about irfax financial, the canadian insurance company stepping in. what do you do with blackberry? who controls the smaphne market. ashley: you break it up, right? >>hey created sma

lori: business travelers hoping to get home to their stranded in airports including adam shapiro. and all across the country. ashley: a government support for googly that writing. larry page not going to need special gases to read their fuel bills. lori: a sneak peek at the most prized wheels of the world before the auction block. in our garage. stay with us. when does your work end? does it end after you've expanded your business? after your company's gone public? and the capital's been invested? or when your company's bought another? is it over after you've given back? you never stop achieving. that's why, at barclays, our ambition is to alwaysealize yours. if you have business idea, we have a personalized legal solution that's right for you. with easy step-by-step guidance, we're here to help you turn your dream into a reality. start your business today with legalzoom. spending the day with my niece. i don't use super poligrip for hold because my dentures fit well. before those little pieces would get in between my dentures and my gum and it was uncomfortable. even well-fitting

adam: i am adam shapiro. no clear path forward with days to a government shutdown.racy: so much for liking gridlock. stocks down big as washington stumbles toward the government shutdown. all-star panel financial advisers are here. and what they are telling their clients with all this uncertainty and how you should position yourself right now. adam: federal housing administration says it needs the $1.7 billion bailout from the u.s. treasury, first in seventy-nine year history. tracy: bankrupt detroit sticking out its hands to washington. your tax dollars funding a new $440 million aid package. that won't come close to wiping out the motor city's $18 billion in debt which is crazy. and nicole petallides, what is going on? we are down 57 points. >> seeing pressure on the markets, the dow index in the opposition here to show a down

i'm adam shapiro. lori: i'm lori rothman. the field for the new fed chief was down. the front runners to head the federal reserve. adam: tying nat to the firm where he works. try telling that to the firm, atomic research group on why the firm is putting its money on janet yellen. lori: five years removed from the financial crisis. you heard the president. five -- plus whether he agrees with the presidents take and what needs to be done to avoid another economic crisis. adam: watching aig implode. we have exclusive details in an interview with the insurer's former chairman and ceo. lori: let's get back down to the floor of the new york stock exchange to check in with nicole petallides. this numbers really giving us a nice rally today. >> indeed. as he basically told obviously the heads of our administration that he is not going to look to be the head of the federal reserve. and so with that the idea is that people believe weather not it is true or not that money printing will continue. a lot of optimism. stocks are flying high. not too far off of our record all time hi

adam shapiro is raising his hand. overwhelming the company's server. you have to expect that to happen to get this latest update and as developers simultaneously releasing their own updates for the new operating system causing many of us to have to wait hours. adam: even if you have wi-fi, someone took a screen shot, the verizon, sue byrdfast, and new operating system. webmac oppose your e-mail backlog for years and years. charles: my employee showed me hers and it took three hours but once she added it was amazing. are they down today? they are down 2%. lori: the group users, much backlash because the whole world pounced on the update so -- mike charles: michael jordan scored 20 points. it would be the best in the world. there you go. lori: ever get your update? adam: no. i will try in a week. i rent my screen up 2%. oracle ceo larry ellison rocking the boat. what gets him from his company's earnings conference call after hearing the results you may not blame him. lori: road to nowhere leads to washington. john boehner set to vote to defund obamacare

from the white house years in addition to elaine and leon include gordon adams and jim colonberger, lee an bracket, rob shapiroul weinstein, ellen oakes and others. i also want to acknowledge josh gotbaum, the u.s. pension benefit guarantee corporation head. and so now to elaine. [laughter] i have known elaine shula caymark for 20 years, almost exactly 20 years, and i want to acknowledge her husband tino who was a tremendous public servant running the xm bank, and their daughter-in-law, christy, who is here, and elaine's sister, joanne shula. but elaine is, by all odds, one of the most talented people that i've ever worked with. and whether it's in the sphere of governance or in politics, she is just truly outstanding, and everybody who's worked with her knows that. and to the powers that be here in brookings, congratulations in wooing her away from being at harvard and establishing this important center. .. i'm really happy to be here. i'm glad you picked a slow news day to launch this new center. the most important news of the day other than this launch is not the pending potential shutdown of the government