agl is a natural gas distributor.ists the fed will raise interest rate before the end of the year, if not before the end of september. only 37% say it will happen as soon as next month. that is according to a survey of the national association of his economics. i do not have details on when that survey took place. it is important given what we saw at the end of last week. black rock is the latest company to invest in companies buying single family homes. they will offer to renovate homes to make them rental revenues. they will loan money to smaller landlords. president obama travels to las vegas where he will unveil a global initiative for energy. there will also be a billion-dollar loan guarantee program. coming off his martha's vineyard vacation. those here top headlines for the moment. let us return to the market talk, everybody. indicatingres another serious down day for american stocks. the broad selloff expands all industries. volatility back up to 28. the vix probably going to increase today. last week, the inc

to agl's closing price on friday.outhern is the third-largest utility owner in the united states and agl is a natural gas distributor. the private equity firm sycamore partners has agreed to buy belk. that is the department store change centered in the south. the price, $2.7 billion. belk has almost 300 locations in 16 states. sycamore invests in retail companies and tries to reinvigorate them. olivia: most business economists expect the fed will raise interest rates before the end of the year. only 37% say it will happen as soon as next month according to a new paul from the national association of business eco nomics. director ath senior the blackrock investment institute. bymonetary policy only works influencing financial conditions. that is one of the reasons it has been so odd that this fed has said financial stability is someone else's problem. we don't care about that. that is the only way monetary policy influences us. is through influencing financial conditions. theia: economists say if economy continues to i

agl rose 28% to 61.41. chipotle announcing big hiring plans. the burrito chain will hire 4,000 workers in a single day next month which could increase the workforce by nearly 7%. shares fell 2% to $704.25. and target has agreed to pay nearly $3 million to settle charges that it screened job candidates beas based on race and gender. the eeoc found that a preemployment medical exam the retail used during the hiring process violates the american with disabilities act. shares fell almost 4% to 75.28. caesar's entertainment saw its shares jump today on reports it is near a bankruptcy settlement with creditors. the operator will reportedly pay $20 million to settle charges that it did not properly enforce anti-money laundering measures. shares rose 12% to $8.98. >>> still ahead, how main street feels about what is happening on wall street. >>> the dow, october 28th, 1929, prices dropped 13.5% sparking the great depression, september 12th, 1914, the dow fell more than 20% the day markets reopened after the start of world war i. the worst "black monday

. >> he turned this over to the agl newspaper. he wanted to prove they weren't honest. wanted to turn it over to police to make sure they weren't stealing from other people. >>> one of the most effective tools that forest firefighters have are the air tankers, the planes that can drop slurry on these wild, out-of-control fires. california has seen a number of forest fires this season. check out this air tanker, they're effective when they're working properly. this pilot now is dealing with an air tanker that has a left landing gear problem. if you look here, this is the kind of plane that has a single nose wheel, and a wheel on either wing. the left gear is not deploying. it's not down. you can see the right one hanging down clearly. the nose gear is down. >> windy as well. look at that. >> super windy. of course causing problems for this dangerous landing to begin with. this pilot has to skillfully land this plane on two wheels and try to minimize damage and try to keep this plane from cartwheeling down the runway. >> this is absolute textbook stuff. minimize that impa

. >> he turned this over to the agl newspaper. he wanted to prove they weren't honest. i wanted to turn it over to police to make sure they weren't stealing from other people. >>> one of the most effective tools that forest firefighters have are the air tankers, the planes that can drop slurry on these wild, out-of-control fires. california has seen a number of forest fires this season. check out this air tanker, they're effective when they're working properly. this pilot now is dealing with an air tanker that has a left landing gear problem. if you look here, this is the kind of plane that has a single nose wheel, and a wheel on either wing. the left gear is not deploying. it's not down. you can see the right one hanging down clearly. the nose gear is down. >> windy as well. look at that. >> super windy. of course causing problems for this dangerous landing to begin with. this pilot has to skillfully land this plane on two wheels and try to minimize damage and try to keep this plane from cartwheeling down the runway. stuff. minimize that impact. this is incredible. and

cameron international, agl resources, take over best buy.hey had to do with their more electronics selling. also taking a look at the worst performers. retailers ross stores being hitting. shares, asks, mining well as valero, marathon. get down to our top stories at this hour. the u.s. economy grew faster in the second quarter than previously estimated. the gross domestic roddick rose -- product rose at 3.7%. they were saying last month it was 2.3%. ever biggest gains in consumer and business spending and a record increase in inventories. that may be a sign that strong growth will be a challenge to sustain. they have to sell all those inventories out. there is a sign of momentum in the housing market. the report says it rose in the last seven months. one half of 1%. mortgage rates still expensive by historical standards, around 4%. consistent drop growth also helping the real estate market. matt: first-time jobless claims fell to a three-week low. since march, the estate below 300,000 and that is a level that economist always talk about cons

. >>> southern companies strike a deal to buy electric and gas utility agl resources for $66 a shareek. that's about $8 billion in cash. a deal that would create the nation's second biggest utility company based on customer base. tom fanning set to join us. chairman and ceo of southern company, also chairman of the federal reserve bank of atlanta. it doubles your customer size, too. >> yeah, it sure does. >> i thought you were just buying, diversifying more heavily in natural gas. >> we talked a lot in the past about this notion of southern is the only company in america doing truly all above, we newables, energy efficiency. what this deal does for us, we're already the third or fourth, depending on what day it s largest consumer of natural gas. this is a big bet on infrastructure. we need more pipes as we see more regulation going forward, as we see more penetration of renewables, we will need more gas infrastructure to support those growth initiatives. >> you pointed out in some of the analysis in the journal and other papers today, you have tried to do the clean coal. you've tried

--agl resources.y is a provider for a -- of electricity, telephone services in the south. -- getting more information on that company. areticker is agsus if you interested. it is based in atlanta, georgia. a 36% premium and a $12 billion deal. brendan: not such a dark monday of people are willing to close a deal. michael will be in jackson hole at the end of the week. with me, we will both be going. channel us or we will channel you. what should we be asking the president we will be talking to? michael: are things ok? is anything you will be talk -- worrying about a lot? with the economy and with mr. fisher who will replace janet yellen, what you want to find out is there is not anything, i think sitomer 17 is the -- i think september 17 is the right time to do something. a look atet's take where we are right now. four days ahead of the s&p. michael: futures down 50%. below 1.98. we do not think we look at the low. the euro down 1%. nymex crude at $39 a barrel. we will see with echoes the rest of the

resources.ike agl some of the ones that were up or stocks mountain that had taken a big hit yesterday found their bottom before the rest of the market. it is interesting. erik: we have to leave it there. a great overview. many were expecting the fed to raise rates in september and that sentiment is changing after the ripple or anchor we had in global financial markets. stay with us. ♪ erik: the whole day or want they? that is the question for fed policymakers. -- will they or won't today? many are saying the sell off and the market volatility of the past few days is making -- forcing the fed to rethink its position. >> if the volunteer continues which it will -- then the fed will be very cautious. they will not want to fuel further volatility. in such circumstances, it will most likely wait and not initiate the interest rate cycle in september. . >> the fed was in a box and needed an excuse not to raise rates. they got it in his global pickup. >> i think the fed wants to raise rates. >> the market would refer rates to go higher. >> we have to get over our dependencies. the artificial