adam shapiro on st. jude medical halted. thanks, adam.rt out just hours ago shows confrontations between iran and the u.s. up more than 50% this year. there have been a series of incidents where iranian boats as you can see there have been harassing u.s. navel vessels in one case a u.s. ship forced to fire three warning shots, all of this happening in one area, critical to oil shipments, by the way, 18 million barrels of crude per bay pass through that region. so the question is why is iran being so aggressive? didn't the obama administration just pay out more than $1.5 billion to them? aren't we friends again? i'm being sarcastic. fox news colonel ralph peters on his take of why iran is being so aggressive because they can be is the simple answer; right? >> you took the words out of my mouth. because they can. literally. i mean, ashley, the iranians know that they have literally a license to kill, at least to the end of obama's presidency. and it doesn't end in november. it doesn't end still after new year's and they're going to push the

let's go back to adam shapiro. he has all the details. adam, give them to us.t was expecting 1.117 billion. earnings per share, 58 cents. that is what the street was expecting. after hours williams-sonoma trading down a bit. give you comparable brand revenue growth in the second quarter, pottery barn, a lot of people know that, down 4.8%. williams-sonoma was flat. west home brand doing incredibly well. comparable brand revenue up 15.8%. pottery barn kids essentially flat and pottery barn team down .2%. melissa: adam, thank you very much. david: keeping us safe from terror. deadly attacks at american university in afghanistan leaving americans vulnerable. kt mcfarland talks about which candidate is fit to take on all the threats worldwide to minutes. >>> why one school is under fire for asking permission to i have got pledge of allegiance. >> what next? american flag out of the schools? the currency, it is coming if we don't make a stand now. ♪ [announcer] is it a force of nature? or a sales event? the summer of audi sales event is here. get up to a $5,000 bonus

adam shapiro.they strike a deal with didi andy di is not their friend. >> yes and maybe. uber is on a roll here. you know, this deal, the company helps cut expenses, boost its available resources which has investors wondering if an ipo could be in the future, liz. the deal with the chinese ride hailing service, didi, ends the three-year project for uber in china. didi invests one billion dollars in uber. uber receives one billion dollar stake in didi. that will save money it has been spending in china to compete. that is an estimated one billion dollars. uber's value right now believed to be $68 billion. investors question if the deal clears up and strengthens uber's balance sheet. maybe part after preparation to take the company public. uber he cofounder says he wants to wait as long as possible before going public and uber is able to generate huge amounts of money privately. you ask where? saudi arabia. saudi arabian public investment fund pumped $3.5 billion into uber which is expanding in the m

let's go to adam shapiro at nyse for the numbers. adam? reporter: numbers are pretty good.ting 3.8 billion. earnings per share 60 cents. they were expecting 59 cents. it sold off after hours but recovered. it was flat barely after-market. they announce they close another 50 stores as they go through 2016. same-store sales, this was expected down 2%. ashley. ashley: thank you very much, adam shapiro. melissa: the morality of the death tax, hillary clinton taking aim at donald trump's plan to repeal the controversial estate tax. we'll debate and let you decide. paying ransom to our enemies. new evidence of the $400 million payment to iran was specifically timed to the release of american prisoners. next, kt mcfarland, fox news national security analyst sounds off on that. >> this wasn't some nefarious deal. we did not pay ransom. we didn't here around we won't in the future. i have asthma... ...one of many pieces in my life. so when my asthma symptoms kept coming back on my long-term control medicine. i talked to my doctor and found a missing piece in my asthma treatment with

adam: and i'm adam shapiro for nicole petallides.state of emergency declared in louisiana as deadly floods claim the lives of five and thousands are rescued from rising waters. more storms may be on the way. lauren: on the caferrian trail donald trump expected to lay out his plans to defeat isis today and hillary clinton heads to pennsylvania hoping vice president biden can help her win those in the keystone states. adam: south korea was closed today for a holiday. lauren: future in the u.s. pointing to higher opening after nasdaq set a second-record high. dow futures up 29. adam: oil is trading higher this morning on word of a potential cut by the saudis to boost prices. lauren: we will see. private equity firm has agreed to buy rcn and grande communications by two and a quarter million dollars. adam: ryan lochte being robbed. lauren: first olympian to win three 100-meter gold medals. adam: it's 5:01 in new york, welcome to fbn:am, first look at morning markets, breaking news and what to expect for the day ahead. lauren: at least on

fox business adam shapiro here with the impact. adam, two important issues here.ness tourism, but then the third might be the election itself. look at this headline from the miami harold. zika infects. adam, could it become a political football in the presidential election? >> the very simple question or answer to that question, liz, is "yes." and here's why. you've got republicans actually joining hillary clinton, who has spoken publically about zika in florida, a key battleground state whereas donald trump is essentially said that the florida health officials have it under control, and he's leaving it up to governor rick scott. now, remember rick scott has actually asked the president and did congress to get their act together and send money to help battle zika. let's see where we stand right now with zika in the entire united states and then florida not only ground zero for locally acquired zika but also a political battleground state in the presidential election. 47 states, roughly 46 states, but there's going to be a 47th one the c.d.c. confirms have cases of

scott shellady has details from the cme and adam shapiro on floor of the new york stock exchange. adam, you're looking at home improvement stores, lowe's versus home depot, right? reporter: ashley, home depot had better-than-expected earnings report thanks to the stock market. it was lowe's that was down as well today. lowe's actually cut its earnings forecast for the year. they say they got hurt by of all things, a colder than expected may. they were blaming the weather in the united states. also, fewer big-ticket items getting sold at their stores. take a look also, check out staples. staples was down big-time today. they lost almost 7%. the value in those shares. they're having a series of problems, but another quarter of losses there. this is their 15th straight quarter of declining sales. they intend to close stores. they need to pick that up, according to investors. talk about a bright spot, urban outfitters, go figure, at one appointment it was up, when you consider, 60% year-to-date. they had better-than-expected earnings report. investors like this a great deal. the stock

deirdre: adam shapiro, thank you very much. adam with us on the plans. >>> hillary clinton wants to offer a lot of services. you just heard adam talk about this, so universal preschool, paid family leave, debt-free education and saying she can pay for the programs by taxing the rich, wall street and corporations. >> corporations and the super rich should finally pay their fair share of taxes. deirdre: a new estimate of hillary clinton's tax plan shows plan will cost $1.3 trillion over ten years. it is short, more than 2 trillion. grover norquist is with me now. grover, welcome back. does the math check out for hillary clinton's plan? >> she's not clear on everything. she just made a huge mistake by engaging on trump and strongest area and her weakest area. she's been part of the obama administration which had the weakest recovery out of recession in modern history, less than 2% a year whereas reagan's recovery was 4% a year, and she wants more of everything obama did. she talks about taxing rich people but during this campaign

charles: adam shapiro, thank you very much. more on that in a moment.onald trump pounding the economy, staying on script and flipping the script. new leadership, major team announcement. paul manafort taking on a diminished role but staying on as chairman and chief strategist. breitbart media's stephen bannon is joining as ceo and kellyanne conway promoted to campaign manager. conway joining me last hour, she says get ready to see trump stay on message. >> yesterday he followed up the radical islamic speech with a tough speech putting the case to hillary clinton to prove why after decades in public service you've got poverty, homelessness, you have crime, drugs, unemployment. not fair to the people in the communities and he's taking the case right to her saying you want to talk about tone and temperament, i want to talk about facts and figures. charles: to gabby morange yellow and trump's latest turnaround attempt. major shake-up, gabby, what do you make of it? >> it is. it reflects what donald trump said in his speech about reaching a decisive moment i

contrast these two candidates on taxes, on regulation, trade, on wall street, let's go straight to adam shapiro who's going to break it all down for us. adam, clinton trying to make her case. walk us through >> let's talk about the taxation because there was donal donald trump's plan which some in the business world are praising because he wants to cut corporate tax and the united states down to 15% would make the united states one of the most competitive countries in the world for corporations. hillary clinton talked about creating taxes that would prevent companies what's known as corporate inversion, tax inversion when you relocate overseas or company overseas takes you over, but you move everything overseas to avoid paying the corporate tax, which donald trump wants to cut. she doesn't want to cut the corporate tax, but she did talk about corporate inversion. she went after trump on his proposal allow people with children to deduct from their taxes the cost of child care. she played that as a class warfare issue saying that the wealthy would benefit from that not lower income americans that

adam shapiro, should we feel better overall?, i think when you earn the revenue was 120.9 billion in the quarter and was up half of a percent from the a year ago, yeah, i think it would be a positive side at least for wal-mart. again earnings beat estimate and store sales were up so much that even with acquisition of jet.com they're going to spend about $3 billion and 2.7 billion that they've invested back into wal-mart by giving all of their employees raises so that nobody is earning less than $10 an hour, they were still able to lift outlook, profit outlook, so wal-mart is optimistic to where things are headed. again, the e-commerce sales, charles, 11.8% and same store sales 1.6% when street only expected 1%. macy's surprised us. urban outfitters was the darling so far of the trading session this week. when you think about the fact that they hit a new 52-week high and reported much better earnings than people expected. so far some of the retailers are outperforming what people expect. now the pressure is on gas. gas will be re

robert: adam shapiro tells us how mcdonald's is now catering to the more health c >> reporter: two all beef patties, pickles, sauce, lettuce, cheese, pickles, onions on a sesame seed bun. mcdonald's will remove all artificial preservatives and chicken nuggets, breakfast sausage patties and all the egg dishes, they serve to billion eggs a year. no artificial preservatives, just the real stuff and high with hindsight -- high fructose corn syrup, in september they will use sucrose which is table sugar. they are moving in that direction. they will complete the transition to antibiotic free chicken by 2017 and cage free eggs. imagine bringing that home. they will make that milestone by 2025 and breakfast sandwiches no more margarine, real butter. and for donald trump worse than having greece, why give him grief for using a knife and fork. juliet: do we have nothing better to do than attack one for their choice of eating utensils or not? robert: you can criticize political candidates for many things but leave them alone for a knife and fork. you use a knife and fork for pizza? juliet: the in

[laughter] charles: thanks a lot, adam shapiro, appreciate it. >>> well, it's a race for campaign cashbehind donald trump's surge in fundraising? that's next. ♪ ♪ ♪ there's a lot of places you never want to see "$7.95." [ beep ] but you'll be glad to see it here. fidelity -- where smarter investors will always be. if only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. when a moment spontaneously turns romantic, why pause to take a pill? or stop to find a bathroom? cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, or adempas for pulmonary hypertension, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include h

. >> i'm adam shapiro live on the floor of the new york stock exchange.cks are selling today but at one point the dow was down almost 80 points, the s&p 500 down 6.5 points and the nasdaq down 20 points. one of the stocks that's having trouble today, advanced auto parts. it is their biggest intraday. stock down 3%, year to date up 11.5% but missed on their earnings. revenue is down second quarter. 4.8% and comparable sales also down 4.1% in the second quarter. trouble for volkswagen, the department of justice according to the wall street journal investigating a possible criminal activity tied to the diesel engine scandal that volkswagen set $21 billion aside to deal with fines and recurring problems. and then there's the audi group within volkswagen. testing an autonomous system with traffic lights. charles: out of luck millions of students leaving school with debt and no real skills to bring to the workplace. the risk and reward host deirdre bolton on the government turning to the private sector to help out with this. how is this working? >> charles, and

charles: adam shapiro, thank you very much. trump or build the biggest obstacle is not hillary clinton. please stick around and find out who it is next. to folks out there whose diabetic nerve pain... shoots and burns its way into your day, i hear you. to everyone with this pain that makes ordinary tasks extraordinarily painful, i hear you. make sure your doctor hears you too! i hear you because i was there when my dad suffered with diabetic nerve pain. if you have diabetes and burning, shooting pain in your feet or hands, don't suffer in silence! step on up and ask your doctor about diabetic nerve pain. tell 'em cedric sent you. charles: donald trump holding an event in virginia in under an hour. under fire for the second amendment comments. but he blames the media for the backlash, watch this. this is "cavuto: coast-to-coast." i am charles payne hillingdon for neil cavuto. a tougher tone on hillary clinton calling immediate dishonest and claiming they treated him more harshly than charlie gasparino. you admit he does have a p

adam shapiro is in the newsroom with those details. adam. >> that's right. this is a special house republican task force looking into allegations from last year that intelligence on isis was manipulated and skewed to make things look better than they really were. now, the white house denied this, insisted that nobody in the administration had pressured anyone to do it. but the report is out, and here's some of what they found. it was based on the defense department whistle-blower allegation that they did manipulate the data and the report found that it was quote inconsistent with judgments of many senior career analysts. these products, those would be the reports also, consistently described u.s. actions in a more positive light than other assessments from the intelligence community. and we're typically more optimistic than actual events wandered. now, the department of defense has a sign the inspector general's office to investigate these allegations. they issue a statement today that says quote that investigation is on going. and we will take no action or

reporter: i'm adam shapiro on floor of new york stock exchange with today's fox business tech minute.ing cars in pittsburgh. uber will have self-driving owe demand vehicles on the road by end of the year. they sign ad $300 million agreement with volvo to develop autonomous utility vehicles. hoping to work together to create the proper technology to have self-driving cars available for hire and for sale by 2021. >>> nokia slashed the price of its 360 camera originally priced for 60,000 bucks. they will offer it for 45,000, in the hope discount will increase global penetration. so much for the instamatic. coming up on "countdown." we he will join liz claman to talk about -- [announcer] is it a force of nature? or a sales event? the summer of audi sales event is here. get up to a $5,000 bonus on select audi models. liz: last week you may remember we reported that top attorneys in the white-collar world said executives at valeant could see some jail time after reports surfaced that they were under investigation for fraud. now as you see bill ackman on the screen, he is one of valeant's bi

adam shapiro on floor of the nyse. adam kicking off with the vix, the volatility index. reporter: there is fear out there, fear of janet yellen, what she might say or what she might not say tomorrow in jackson hole. vix at three-week high. highest point since august 2nd. investors trying to look or see some clues in what janet yellen says when she addresses those gathered, central bankers and different pundits in jackson hole. peter barnes is out there. he has you covered on that front. facebook up half a percent, after they bought whatsapp in 2014. when they bought the messaging service they promised would preserve and respect user privacy. they will share.numbers with facebook. they will be easier to target whatsapp users and facebook users. some people not happy about it but investors are. federal trade commission cleared the way for tesla to buy solarcity. there will not be antitrust legislation or litigation rather, pursued. you can see investors may not like the deal. they got clearance to buy. down 1 1/2%. melissa, david, back to you. melissa: thank you, adam. phi

new york stock exchange, adam shapiro, the vix, is always a signal, isn't it?ter: can be a signal. if we were talking about it on friday, the vix is down 56% from the day where it was after the uk vote. "brexit," it was down 56% on friday. today it popped up a little bit. now we talk about going toward the future. janet yellen speaking on friday. investors might be getting nervous, we haven't seen levels this low since 2014, liz. liz: that is interesting thing. "brexit" was a couple months ago. watch out. maybe it has the long delayed tale. as the federal reserve noise about a rate hike gets louder, pacer etf, sean o'hara, he has all kinds of stocks in his purview. he says look beyond the u.s. go showing elsewhere. where? good to see you, sean. >> nice to see you, liz. liz: you said they will not raise anymore this year after making all this noise? >> i don't think so. if they raise rates, strengthen the dollar, makes it tough for u.s. companies. if the mandate to protect the economy, tough to raise rates. they should be able to but i don't think they are going

adam shapiro on floor of new york stock exchange. adam you have your eye on the big movers and the nasdaq as well and big news announced from tesla. talk to me about that. reporter: when you talk about nasdaq, i mean we're settling two points shy of the record close. when you look at all the indexes we are off where we were in the trading session earlier when we were much higher but we closed in the green of the nasdaq, some of the stocks helping, applied materials. hit new 52-week high. it is up at the close. they're doing pretty well. ulta salon, we'll get earnings from ulta on thursday, they hit a all-time high, 276.23 cents a share. they were strong. bed, bath & beyond was up and as well as trip advisor. tesla the key here is a new battery elon musk announced that went public 3:30 eastern time. it has a range of 315 miles. that will give some worry warts who think they can't go far enough with electric car, that may put concerns at ease especially as this battery goes into some of the new tesla models. we got news from the homebui

and we have adam shapiro on the floor of the new york stock exchange. adam, all this whiplash happening of course all related to what janet yellen was saying this morning? reporter: yes, janet yellen when she speaks, markets listen. we had, what a 23-point swing at the high. we were at lows of session 113 points down. we came off the lows. when you consider some of the numbers, charlie brady back at base crunched it for us, s&p 500 has gone 35 days without a swing of 1% move that is the longest stretch that happened in more than two years. investors clearly looking for signals what will happen in september. if you're wondering, the dow and s&p have been down three days in a row. s&p 500 down five of the last six trading sessions. couple things to look at right now, the vix at a seven-week high. investor concerned what might happen with interest rates. janet yellen non-committal as the fed always is but says there is environment perhaps to do that st. jude, that weird things happened within the last 30 minutes of the trading session. they halted trading.

i'm adam shapiro filling in for deirdre bolton. billionaire carl icahn moments away. first also in the show today, whats oft orlando shooter's radical father doing a few feet away from hillary clinton during a rally? we're going to get answers. >>> also a tumultuous summer in urban politics, but almost half of america's mayors fear their own police officers doing harm to others. more on the war against those hired to save us coming up. >>> and amusement parks are they death traps for children? >> little kids, you know? they just screamed a little bit and hit the ground and laying there. >> a child beheaded, three others hospitalized after tragic accidents, should the federal government do more? that's coming up. but first our top story of the day, donald trump announcing economic plan for the country and next guest says it is the key to saving america's businesses and workers. joining us on the telephone is billionaire investor and trump supporter carl icahn. thank you for joining us, mr. icahn. >> thank you. >> got to read to the people watching what you put out on a

reporter: i'm adam shapiro on the floor of the new york stock exchange with fox's tech minute.witter and facebook saying they're not doing enough to block extremist content promoting terrorism and violence of the companies defended their record saying they have blocked accounts and removed inflammatory content. >>> apple is issuing a global upgrade of its operating system after espionage software targeting arab activist spy phone. experts say the spyware takes advantages of weaknesses in the operating system allowing it to take control of iphone headsets. >>> uber is pulling out of macau 10 months after opening shop there. the company will allow customers in london to book journeys up to 30 days in advance. coming up more prime time drama for viacom. word of a possible deal look leaking out? charlie gasparino has the story. [announcer] is it a force of nature? or a sales event? the summer of audi sales event is here. get up to a $5,000 bonus on select audi models. always has to be who sat your desk? phone now, with one talk from verizon... hi, pete. i'm glad you called. (announ

a quick shoutout and thank you to adam shapiro and elizabeth mcdonald for filling in while i was out, generous and gracious colleagues that they are. >>> in another striking image, the father of the orlando terrorist shooter was at a hillary clinton rally monday. hillary clinton dodging questions about why and how that terrorist father was at one of her rallies. >> secretary clinton, should your campaign have known that omar mateen's father was at your rally yesterday? >> appreciate it. >> secretary clinton, do you have time for a question? >> thank you all very much. deirdre: clinton's campaign put out a statement earlier so here it is, and i'm going to quote the campaign -- former bush speechwriter says if hillary clinton can't find a terrorist's father, good luck finding a terrorist in general. >> she can vet syrian refugees for terrorist ties but can't vet the people coming into her own rally. how is she going to vet syrian refugees. this is the father of a terrorist who killed 49 people in orlando an hour from the rally. apparently not just the e-mails she is extremely careless w

. >> adam shapiro, thanks. >>> president barack obama says nobody should play politics when it comesergency funding. yet that's what happened in washington. how gridlock on capitol hill could impact our ability to fight the zika virus. >>> is hillary clinton's convention bump turning into a mountain for donald trump? she's surging in the polls. you might be surprised about what many republicans think might be an alternative for the ticket. >> i want to be the president for all americans. i want to lift up and give everybody a chance to pursue their dreams. that means people who are supporting him. i'm billy, and i quit smoking with chantix. i had a lot of doubts going in. i was a smoker. hands down, it was, that's who i was. after one week of chantix, i knew i could quit. along with support, chantix (varenicline) is proven to help people quit smoking. chantix definitely helped reduce my urge to smoke. some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. some had seizures wh

adam shapiro on the new york stock exchange with fox business tech minute.aiting on big news. reporter: mobile aye teaming up with automotive parts delphi with automotive driving system. available by 2019. tesla added a deal with mobile eye after a model s driver was killed in autopilot mode. according to tech site, rico, the online retailer will work on subscription service cost five months a month but would only work on the echo hardware. if you can believe bill is even wealthier at 90 billion bucks the cofounder of microsoft net worth, gate as 13 1/2 billion dollars wealthier, than the second wealthiest person. the retailer of zara. back to you. liz: adam, we have the news. we just got it. let's get to it. it involves a battery system, is that correct? it is a new 100 watt battery system. and let's see, i am, actually. i am. it is 100 kilowatt-hour battery. model s will go, it will have both model s and model x will have this 100-kilowatt battery. that is pretty significant. he said in a tweet earlier in the day, tesla would unveil the new product. that i

this is "risk & reward," i'm adam shapiro in for deirdre bolton. mr. trump will deliver a speech reading from a teleprompter instead of unscripted rally with followers. general michael flynn is speaking right now. we're going to bring you mr. trump as soon as he begins to address the crowd. but first to trump supporter betsy mccaughey with us now. good to have you here. >> thank you! >> let's get right to the sound bite that everyone is paying attention to, even his son eric on fox business earlier today referred to him as humble trump. is this a hum bler donald trump? >> a humble trump but a clever way to take away from the media and his critics, issues they've been harping and harping and harping on for weeks, ever since the convention because truly he wants to pivot and provide to the nation a really powerful economic message, and voters now will have a choice between hillary clinton's class warfare and his message of economic growth, and it's no mistake that michigan is one of the places he's going to be delivering this because that state is right

adam shapiro on floor of new york stock exchange. adam, you have your eyes on a bright spot as well. reporter: talk about dicks sporting goods. they have better-than-expected earnings. the stock to give you an idea hit an all-time high. it was what, $60 and some change before settling down. this stock is up 66%. they are playing by the rules and playing well. they upped their full year guidance. they expect same-store sales to go up for the year, somewhere two, 3%. it was unfortunate but sports authority liquidation actually helped business at dicks sporting goods. they did pretty well. look at ford. ford had a little bit of trouble today despite mark fields. he was on "mornings with maria", with maria bartiromo, talking about the promise within five years ford will deliver to the market a fully driverless car without a steering wheel or pedals. they will target ride share fleets like uber. if you're uber driver, target on your back. they're going driverless. ups drivers, ford coming for you. stock still down today. last 52 weeks down

our own adam shapiro has been watching it all unfold, and he joins us now with the latest.ven make up. >> you can't make up. three lawsuits, this will go away. it was a battle for control of the company. there were accusations that redstone, sumner's daughter might actually be making decisions, but, no, she insists her father, who is 93, he's in charge. so the bottom line is he leaves with a 72 million-dollar parachute. he's out right now. he's essentially sticking on, will be a member of the board until what? september 13th. and viacom coo thomas duly, he will be the interim guy in charge. but 72 million and then mr. sumner redstone goes for control of the company. trust is being created to determine what will be if you want to call it the inheritance down the road. but the other thing you need to pay attention to is the value of this stock. take a look just two years ago it was close to $90 a share. that was around march of 2014. today it's trading around $43 a share. it's up year to date what? . trish: among other media companies because while this year has been tough fo

adam shapiro is on floor of new york stock exchange. we saw a big merger monday deal, right? >> $14 billion should bring a smile to the fails of some investors. pfizer buying medivation, they make a cancer fighting drug. i won't pronounce this correctly. both stocks are up. pfizer down slightly but medivation up quite a bit as you see. at one point high as 20%. take a look at facebook because "barron's" on sunday had a report they could potentially see that stock go up about the 20% more because they haven't finished figuring out how they will make all the money from mobile. remember two years ago everyone was talking how will facebook monetize mobile? they figured it out. that stock was up slightly today. then there is viacom. we talked about this last week. stock closed down about 4% but the deal is that phillip dauman made it official saturday, he is gone from viacom. back to you. melissa: thanks, adam. oil getting hammered today, ending down over 3%. that was the most in three weeks. what is going on? night is. tell you what. because david asman came back from vacation. e

this is "risk & reward," i'm adam shapiro in for deirdre bolton. mr.

adam shapiro is with us now from the newsroom. give us the details on this, adam. they caught the thieves red-handed. here is what is going on. they were able to use laptop to break into certain jeep vehicles as well as dodge pickup trucks, starthe vehicles using the laptop and then taking advantage of the software within the car, then drive it away, they were taking them to mexico. so we got a statement from fiat chrysler. what they told us, this is a quote, fiat chrysler takes the safety and security of its customers seriously, quote and incorporates security features in its vehicles that help to reduce the risk of unauthorized and unlawful access to vehicle systems and wireless communications. houston police after getting several complaint about this and tip from homeland security, department of homeland security, were able to set up, don't want to call it a sting but concentrated in neighborhood where they were taking place. they caught two people who have been charged. they don't say if this is the end of it. because you can download software mao makes it poss

adam shapiro has the details. adam? >> reporter: you sound really happy about it! [laughter]. >> reporter: take a look at the two year chart on the stock. back in 2014, this stock was worth almost $90 a share, today trading at $43 a share, philippe dauman is out. there is going to be a presentation to the viacom board of directors and the redstone family essentially, why they may want to sell a 49 stake in paramount studios. here's what the deal does, leaves him with $72 million departure package and ends the three court cases working their way in different states for control of viacom and cbs essentially. sumner redstone, 93 years old, retains control. shari redstone said she was never interfering with this, her father is making the decisions but creates a trust for the receivership or inheritance going forward should mr. redstone become incapacitated or unable to mak the decisions based on mental capacities. charles, back to you. >> thanks a lot. charlie gasparino is here, and he was ahead of everyone on this. you were calling this, man. >> not a surprise. there

. >> i am adam shapiro live on the floor of the new york stock exchange. happened with the price of oil up within the last 15 minutes after comments from the saudi arabian minister. he is saying that the no need for intervention in the market, even though they've got that meeting of oil producers in opec nations coming up next month in which they were supposedly going to talk about cutting production. the demand globally is picking up nicely. the price of oil spike on not today. one thing that is also popping is up today. the point since august 2nd. part of it has to do with what the federal reserve is going to do. they are all meeting in jackson hole wyoming along with central-bank banisters from other nations. peter barnes from the fox business network will let us know what they are drinking and if they are drinking the kool-aid on quantitative easing. we are going to go back to "cavuto: coast-to-coast" right after this. ♪ with this level of engineering... it's a performance machine. with this degree of intelligence... it's a supercomputer. with this gra

>> i'm adam shapiro live on the floor of the new york stock exchange with your fox business brief.the markets trade down. the dow is off 28 points and s&p 500 down 4 points and the nasdaq is off about 10 points. what the lord of housing giveth, the lord of housing taketh. the new family moments, existing sales according to national retailers, in july down actually compared to june and the animal run rate is 5.35 million units. as a result, home builder stocks are falling and yesterday they were up today they're down. and kb homes. as we got u.s. food, oil, inventories, much higher than expected as well as gasoline stocks and finally, the stocks falling right now, and everybody worried what the federal reserve is going to do. more cavuto coast to coast after this. ♪ there's no one road out there. no one surface... no one speed... no one way of driving on each and every road. but there is one car that can conquer them all. the mercedes-benz c-class. five driving modes let you customize the steering, shift points, and suspension to fit the mood you're in... and the road you're on. the

reporter: i'm adam shapiro live on floor of new york stock exchange, with your fox business brief. for ryan lochte. both ralph lauren and speedo canceled or dropped their endorsement deals with the olympic swimmer after the incident with three other swimmers who claimed they had been robbed but vandalized a bathroom. ralph lauren says the deal was only for 2016 olympics. it will not be renewed. lochte has commented but apologized for overexaggerating. dow and nasdaq trading down but some winners on the s&p, regeneron pharmaceuticals in a new deal to create anti-bodies to test them against the mrsa virus. viacom announcement that phllippe dauman is out. charles: president obama will be headed to flood-stricken louisiana. right now the white house is ending the president's delay going to the damage zone saying the government's response has been effective. green party nominee jill stein is here right now. she is blaming global warming for the disaster. she is here to discuss. jill, thank you for joining us. a lot of people are saying what we saw there is low pressure storm running int

reporter: i'm adam shapiro live on floor of new york stock exchange with your fox business brief.kets. we had been in positive territory but we're back in negative territory. dow down 58 points. s&p 500 down five points and nasdaq off 6 points this after janet yellen spoke in jackson hole, wyoming. oil market shrugged off not pinpointing when there will be rate increase. oil comes on news of the by the saudi arabian oil minister says demand globally will be picking up. there is meeting next month of oil producers maybe to cut production to drive the price higher. vix is at a seven-week high. on track for the greatest one-week gain recently. up about 2%. tesla is up about 2%. some people call it chutzpah. they are raising cost of autopilot system, $500. 2 will be a $3,000 option. ♪ [announcer] is it a force of nature? or a sales event? the summer of audi sales event is here. get up to a $5,000 bonus on select audi models. connell: back to the epipen story. former fda official peter pitts is here. this outrage, peter, thanks, number one for joining us. we were talking about it earli

adam shapiro at the new york stock exchange. new york stock exchange. if the 14,000 workers?they employ 70,000 people. the company has to confirm this, but the tech website is quoting people close to the company saved 14,000 will be laid off. this follows other tech companies have done in the past. microsoft windows 18,000. hp announced in 2015 and they were going to lift 33,000 people over the next three years. an april intel said they were laying off 12,000. cisco according to the article will lay a 14,000 people and they will concentrate on data analytics and cloud-based data. stuart: 20% of the workforce at cisco. amazon buying curse. i am told that is basically skype for gamers, let's gamers talk to each other. ashley: it does. amazon has twitched. if you're in the gaming world that's huge. chris allows players to teract, share information, contact. so this is like a good fit. but the snakes sense. very few details. we don't know how much they are paid. for those of no-space which generates hundreds of millions of dollars and makes good sense to amazon. stuart: amazon ow

. ♪ ♪ >> i'm adam shapiro live on the floor of the new york stock exchange with this fox business briefough they're off their morning lows. we can see why on the dow, big stocks pulling them down. johnson & johnson is falling. they got some approval from the fda for a breakthrough prevent for depression, but a that's not lifting the stock which is the big loser right now on the dow. verizon also off about half a percent, although year to date it's up 18%. united health care is down today, the aetna news clearly with obamacare a problem. home depot's one of the big winners today, they pleased wall street with their earnings report. that stock is performing well. some of the home builders, a bit mixed there after we got the housing start data today. hovnanian is down 1% but poultry group up 1 -- pulte group up 1%. more "varney & company" after this. stuart: serious stuff. a new report says the military was asked to give misleading information to the president about isis. general anthony tater, author of the book "three minutes to midnight," is with us, and he has this story exclusively. t

i want to though how they did this, and adam shapiro is going to explain. they drove away?ell. you can download the software that you need, you can pay for the mechanical software, $1650 roughly, or you can use spyware which you get illegally, you download that. once you've broken into the car, it's just a matter of minutes. the houston police busted these two men who were going around stealing jeep vehicles as well as dodge vehicles, the dodge pickup trucks. they would use their laptop. within a few minutes, they were able to compromise the software, start the vehicle and be drive off. these vehicles were being sent to mexico. i've reached out to homeland security, because department of homeland security helps houston stop this. they notified them in july through customs enforcement about the vehicles going to mexico. they set up this sting in areas where these cars were mostly being stolen, and they caught the two men. stuart: real fast question. you're a technical kind of guy. if we asked you to, could you do it? >> reporter: no, i could not do it. fiat chrysler recalled