ashley webster is standing by to break in any moment with facebook earnings. todd horowitz at cme where the action is on the cme and commodities trading. todd --. david: go ahead. is that ashley? >> still waiting. david: as soon as facebook comes in. looks like they're just about to report. first i have to ask you, todd, looks like what is happening with the fed is of little consequence when the market was looking at those economic numbers? todd horowitz. >> nothing happened. market has been underpressure all day from the adp jobs number this morning all the way through. once numbers came out, we actually had a little bit of a rally and we sold off from that. it is very controlled selloff. no panic to the selloff. the market got what they expected from the fed. the market seems to be under some pressure now. today's selloff was a little different than the last couple we've had. this was very controlled. there is no panic. this could be a tippingpoint where we start the correction. this is the first year in 17 years that the market has not had at least a 5% pull

ashley webster is in the fox virtual with just that. they can offer some great travel deals. most people have a favorite. we decided to do some comparing. a trip to australia. seven days, six nights for a family of four. here is what we found. anywhere from the high 6900. orbit is the most expensive. what about the traditional travel agent. remember those? we called liberty travel. they have an office right here in manhattan. this is what they came up with. $5804 for the same criteria. the travel agent was the best deal for the entire summer. if you can be flexible in your travel plans, it could mean big savings, as you can see. this time a couple traveling from detroit to cancun. seven days six nights. flight and hotel. kayak at 2400. priceline also 2400. orbit the most expensive by one dollar. this is what we got from a traditional travel agent. $1856. online bookings are most certainly a crapshoot. savvy travelers know how to access those promotional offers on june offers. where are the top destinations? orlando, florida. las vegas. a

lori: lean and mean describes ashley webster, of course. also talking about the airlines. what it means for flight prices and availability. ashley: lulu lemon putting it behind them. charles payne looking right through that. lori: there is gold. a nice uptick. silver and copper up 2%. people are thinking the economy may be gaining some traction. back after this. ♪ all stations come over to mission a for a final go. this is for real this time. step seven point rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. tdd# 1-800-345-2550 when the spx crossed above its 50-day moving average, tdd# 1-800-345-2550 i saw the trend. tdd# 1-800-345-2550 it looked really strong. tdd# 1-800-345-2550 and i jumped right on it. tdd# 1-800-345-2550 tdd# 1-800-345-2550 since i've switched to charles schwab... tdd# 1-800-345-2550 ...i've been finding opportunities like this tdd# 1-800-345-2550 a lot more easily. tdd#

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even better. ♪ ashley: good afternoon, everybody, i'm ashley webster. tracy: i'm tracy byrnes. summer with a rally as consumer confidence soars. how long will it be before the fed throws cold water on this party? ashley: meantime the cyber threat. chinese hackers reportedly gaining access to our most critical weapons systems. we'll talk to former homeland security secretary tom ridge about what exactly we can do to protect ourselves. tracy: trying to get away from the scandals in d.c., president obama visits the jersey shore seven months after superstorm sandy. i don't know about him but i hope he, i know i think that there's not enough work that was done. ashley: getting done? not enough help? tracy: no. ashley: we'll get into that. first, top of the hour, time for stocks. let's get to nicole petallides on the floor of the new york stock exchange. nicole, we're certainly in the positive but well off the highs of the day. >> right, ashley and tracy, we saw a market that took off at the opening bell. we saw the dow up over 200 points. the highest point it was 15,521. so it has ob

ashley: and i am ashley webster. a diamond really is forever. lori: mr. ital hill. ashley: lawmakers questioning the man in charge of the irs. lou dobbs on the finger-pointing in washiigton. who really knew what and when. lori: minutes away from a look at the new xbox. microsoft unveiling its first major revamp and eight years. ashley: the horrific scene and oklahoma. more tornadoes are expected today. >> our prayers are with the people of oklahoma today. we will back up those pairs with deeds for as long as it takes. lori: devastaaing news out of oklahoma. we want to update you on the market. let's head to the new york stock exchange and nicole petallides. nicole: we sell the dow jones industrial average today break through 15,400. it has since pulled back some. however, you still see these up arrows and a record-setting day on wall street.

quincy crosby breaks it down next with tracy byrnes and ashley webster next on fox business. ss it. ashley: welcome back, everybody, i'm ashley webster. tracy: i'm tracy byrnes. with two hours to go stocks are back to their winning ways and near session highs. investors are betting weak economic numbers will keep the fed printing presses rolling for now at least. ashley: oil prices jumping after six losses in seven days. opec is set to tackle this country, the good ol' usa's rising shale output and its growing influence in the global oil market. we'll take a look how that could impact prices coming up. tracy: our special report, small business, big ideas. meet the cofounder of a company serving more than one million healthy meals to american schoolchildren every week. revolution foods is also creating jobs. it is a remarkable story. ashley: that is a good. tracy: sure is. stocks, oil, gold all in the green today. we have team coverage. lauren simonetti at the nyse and jeff flocks in the pits of the cme. lauren, i think we'll head down to you first. >> hey, tracy. the dow is up

welcome back, i'm ashley webster. tracy: i'm tracy byrnes.talking about the irs is under fire. the tack man targeting conservative groups for extra scrutiny. president obama says it is outrage just. judge andrew natano says the agents involved might get off without prosecution. ashley: we'll talk with one straaegist who see as major pullback ahead. we heard it before. and yes, the bloomberg snooping scandal. the federal reserve and the treasury department want to know who had access to that confidential data, whether or not they traded on it. we'll have the very latest coming up. tracy: but it is top of the hour. so it is time for stocks and we head down to nicole petallides on the floor of the new york stock exchange. nicole, down 50, but you know, time for that pullback maybe? >> well we've had three straight weeks of gains, to your point, tracy. there are many traders who believe this market is overbought to a certain extent. however they are too nervous to try and short it. i mean the only thing you may see is some people taking some prof

ashley webster is on his way in.e will join me for the next hour of "markets now. " we'll preview results after the bell and best ways to invest in the sector and much more ahead. hope you stay with us. we went out and asked people a mple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're livingonger, one thing that hasn't changed much is the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ welwhere new york state is... investing one billion to enjoy all of these years. dollars to attract and grow business. where companies like geico are investing in technology & finance. welcome to the state where cutting taxes for business... is our business. welcome to the new buffalo. welcome to the new buffalo. lcome to the new buffalo. new york state is throwing out the old rule book to

ashley: good afternoon, everybody, i'm ashley webster. tracy: i'm tracy byrnes. hting for yet another record. blackrock chief investment russ koesterich, joins us why slow economic growth can be good for the market. ashley: tech sector meantime has been lagging the broader market. we'll hear from one tech fund manager who says there are bargains to be had out there. find out why he is excited about apple but not so much microsoft. tracy: sorry, mr. varney. >>> our special report, small business, big ideas. meet founder of a company that makes wanting to shovel snow a thing of the blast. s bless his heart. how to turn your car into a plow. ashley: move to arizona. tracy: that is kind of cool. ashley: it is cool if you like that kind of thing. tracy: time for stocks. lauren simonetti on the floor of the new york stock exchange. lauren what is going on?. >> we're at the high of the market right now. the dow is up 12 1/2 points. that is better than we've been doing all session. second sector up half a percent. we have a mini-rally on our hands. tech leading the way, f

ashley: i am ashley webster. stocks pulling off after five days of you record highs. americans applying for unemployment benefits dropping to the lowest level since 2008. lori: in europe, the jobs news not nearly as good. 27%. ashley: and exclusive interview with hewlett-packard ceo. what she said she needs to do to catch up with apple. lori: trial to control us even more. ashley: time for stocks now. let's head to the new york stock exchange. nicole: do not look now. look now, the dow and nasdaq with the aeros. that may snap its winning streak. five consecutive record all time closes. we have not seen that since 1998. a historic time here on wall street. new records day after day. we will see whether or not the dow closes in the green. it will be the 18th record close for the dow this year. we did get into jobless claims that were better than expected. they rolled out 114 of the charts. fifteen of them have been delivered to eight airlines. nice one year chart for boeing. lori: major averages hovering near the flat line. the s&p, well, it is only a few points off of a

ashley: i'm ashley webster. a historic day for stocks. the dow briefly topping 15,000.little under now. the s&p blasting through the 1600 level. coming up one money manager tells us why he is still bullish despite all the skepticism about this record market. tracy: and there's still a lot. news that thousands more jobs were added earlier this year than first thought. wall street likes the numbers but we'll talk with one economist who says the job market still has a long way to go. ashley: a long way. he is the man who executes warren buffett's top see credit trades, morning, noon, and night. citi broker john freund talks to us exclusively with liz claman, live from omaha. that is coming up. tracy: talk about markets now, time for stocks as we do every 15 minutes. nicole petallides on floor of the new york stock exchange. where is that 15,000? we have to finish the day with it, nicole. >> that is tricky and hard. broke through a real milestone there and certainly a psychological level. there was question whether or not we would even break through there. we'll see whether

ashley webster joins me to go through the minutes.testimony from the chairman on the hill. so you don't want to leave. keep it here on fox business. thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of loong behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... tohe finest comforts above. we're not simply saluting history... we're making it. lori: 2:00 p.m. here in new york. welcome back to markets now. i'm lori rothman. ashley: i'm ashley webster. wall street waiting on next clues for fomc minutes. the minutes are minutes away. we'll have stocks at record highs and all that coming up. lori: dramatic turn in the irs scandal. a top official refuses to answer questions on capitol hill. congressman mike turner wants all those officials involved in the scandal to go to jail. he is our next guest. ashley: we'll tell you what the average chief exec

ashley: i'm ashley webster. a fiery hearing on capitol hill over the irs scandal.use the agency about lying about targeting conservative groups much the outgoing chief says it was a quote, the result of foolish is -- mistakes. charles abuse town any has been doctor boustany has been targetingit he is with us in moment. >> stocks are building yet again on the record rally. nasdaq and s&p are going for the fourth straight winning week. we have wells fargo chief portfolio strategist on how he playing this record market. ashley: wyoming's energy policy, governor matt mead how he plans to keep wyoming one of the top energy producers while preserving its awe-inspiring beauty. tracy: that it is. time for stocks. we go down to nicole petallides on the floor of the new york stock exchange. the dow keeps going, huh? >> tracy and ashley, this is the kind of market that just won't quit. we talked about momentum and many traders saying this market is overbought. while you might see some people taking profits here and there they're certainly nobody who is ready to short this mar

. ♪ >> reporter: i'm ashley webster with your fox business brief.al reserve decision to maintain this not. be enough to lift the markets. up about 100 points. and small-business owners are feeling more optimistic. how small business index is jumping thanks to owners feeling more upbeat because of a grueling finances. in a separate survey in 84 percent and now of people were confident about the company's profitability. happy birthday to the bar code. the 40 year anniversary. and the first item ever scanned, based chewing gum. we now continue our "countdown to the closing bell" with liz claman poor. liz: welcome back. let's go to nicole petallides. we have april of the sales. they're shining him. all posting double-digit increases. the big loser and. these results are revving of the. shares of auto parts companies in new down. >> reporter: general motors and ford and nissan doing well been one. one to take a look at some of the parts stores. they're all doing well. you can see up to half a percentage. advanced autoparts, o'reilly automotive. it's up a

ashley: will come back, everybody, i'm ashley webster. tracy: i'm tracy byrnes. obama speaks out on the irs scandal and promises new management is on the way. but is it enough to restore americans confidence in the agency with unpress dented access to their money? we will have a closer look on that ahead. ashley: meantime a slew of weak economic reports holding back stocks from building on their record run. the dow, it is just about flat today, up a couple of points. we'll have the biggest movers and a preview of critical results coming up after the bell. tracy: our special report, small business, big ideas. you think the weight loss industry has run out of new ideas? think again. we'll meet the ceo of retrofit. it is luring big-name customers like google and jetblue. >>> but right now, top of the hour, time for stocks as we do every 15 minutes. nicole petallides on the floor of the new york stock exchange. nicole, as we just said we are flat-lined on the dow. >> right. at one point we were 15,302. so we surpassed all-time record down in history again, unless som

ashley: i'm ashley webster. two white house scandals taking the spotlight on capitol hill.neral eric holder facing questions on the irs's secret targeting of conservatives and his department's secret probe into reporter phone records. we'll have new details ahead. tracy: through all of that stocks pushing even higher yet again. the dow is up about 30 points right now, off session highs but still aiming for its 20th record close this year. we're going to tell you the biggest movers. plus we'll look just how high this market can keep going. ashley: and a banner day for google. the stock hitting 900 bucks a share for the first time ever. and by the way, its new music service expected to dominate google's developers conference which is now underway. one analyst will break it down and tell us what it all means for the tech giant's future. that is straight ahead. tracy: wow! but it is top of the hour. time for stocks. nicole petallides on the floor of the new york stock exchange. nicole, the market keeps going. >> the market just won't quit. i was talking with john corpina of mer

ashley webster has travel today bringing us more. yo, ashley, how are you?> just down the hall way and good. travelers get quotes on planes, rental cars, and so much more, of course, with just the click of the mouse. in the internet world, the travel agencies dead and buried? maybe not. our team of researchers day and night to price the cost of a friendship from new york to los angeles for a family of four, seven days, six nights for flight, hotel, and rental car. what did you find out? take a look. the quotes we got all pretty much in the same range, all around $3600 or thereabouts. kayak, orbitz, and expedia at $3900. we contacted liberty travel, same parameters, and here's what they quoted. not bad, huh? significantly less, a $2300 for the new york to l.a. trip for a family of four. the online travel price quotes were on average. this quote from the travel agent was the best deal for the summer, period, but if you are flexible in travel plans, you know, travel agents, of course, mean big savings. how about international trip, out of the u.s., same researc

tracy byrnes and ashley webster will bring you the decision plus all the following market reactions toth their all-star panel. that is next. stick with us here on fox business. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. tracy: welcome back. i am tracy byrnes. ashley: i am ashley welter. waiting to see if the fed will make any changes to it stimulus plan. will the fed give any hints about when it will pull back on quantitative easing? the answers are just moments away. tracy: let's check on how the markets have been doing. started out with dad news from adp. the dow is down 109-point right now. olio, of course, down as well. inventories are up. therefore, the price of oil is down. we have an all-star panel to guide us through this. portfolio manager -- pretty cool. our very own nicole petallides is at the nyse and sandra smith doing

ashley: i am ashley webster. stocks pulling off after five days of you record highs. vel since 2008. lori: in europe, the jobs news not nearly as good. 27%. ashley: and exclusive interview with hewlett-packard ceo. what she said she needs to do to catch up with apple. lori: trial to control us even more. ashley: time for stocks now. let's head to the new york stock exchange.

ashley: i'm ashley webster. it is merger monday on wall street with yahoo! more than a million dollars. a bigger deal is rocking the drug industry. barron's editor jack hough looks at pluses and minuses in both of those tie-ups straight ahead. lori: we had earlier gains in the session but evaporating here. the dow and s&p hit new intraday records, bmo private bank chief investment officer jack ablin tells us the biggest risks to this market right now. ashley: a bigger question on whether some in the white house knew about the white house political targeting well before president obama found out. we'll have the latest on this fast-developing story coming up. lori: first at the top of the hour time for stocks with nicole petallides on the floor of the new york stock exchange. nicole, what is weighing on the markets today? >> what we're watching the dow jones industrials back and forth over the unchanged line. that is not unusual to see lately. it has doneto find some footing. but the point is we continue to break through new highs. while we have seen the back

ashley: i'm ashley webster. a new milestone for the dow.trading above in it is for the first time ever. stocks building gains on hopes that the fed money printing, that it will not stop anytime soon. the biggest movers coming up. lori: new the irs scandal. gop senator orrin hatch accuses the outgoing commissioner of lying and blasts the white house for calling the hearings a sideshow. he is a special guest ahead. ashley: apple ceo tim cook hitting back to critic that is the tech giant uses tax gimmicks to avoid paying their taxes. an analyst joins us straight ahead. lori: nicole petallides from the floor of the new york stock exchange. nicole, 15,406. people say it will not drop anytime soon. >> what we're watching, you're seeing all up arrows. momentum continues to the upside. goldman sachs, to, raised their year-end price targets not only for this year, 2013 but 2014 and 2015. they continue to see up side potential year after year going forward. so the mow men testimony -- momentum remains to the upside. dow jones industrials trading as h

i'm ashley webster. tracy: i'm tracy byrnes. can they keep climbing from here? we'll find out. trategist sam stovall will weigh in on that. he is here. ashley: quite a different story in the bond market. treasury prices send yields plunging. a strategist, guy labot says more wild swings are ahead. he reveals his strategy coming up. tracy: there is a war over student loan rates. they are set to double next month. how will it impact the surging cost of higher ed? we'll have that story next. ashley: time to look at the stocks. the dow is slightly negative and flat on the day. let's go to lauren simonetti on the floor of the noiscy. >> it is a like a ping-pong match. did he would have bond yields pushing higher closer to 2.2%. we also have the dollar up. that is hurting gains. we have a mixed market. i have so much to show you. let's look at the dow industrials for the month of way. that could be at 7th month in a row that stocks are up. the dow is up three and change for may. there goes that whole saying sell in may and go away. we didn't sell in may on this final day. the best per

ashley: i'm ashley webster. stocks on track to end of a four-week winning streak.aming the declines on the fed, one money manager says the fed has less power on the markets than you think. lori: student loan rates are set to double if congress can not reach agreement in the next month. the house passed it plan. the white house said it is doa. is this the next big battle. ashley: the summer driving season kicking off this weekend for a price of gallon of gas is 3.56 per gallon. we'll hear from one analyst who says prices could drop by as much as 40 cents by the 4th of july. lori: we'll take it. time for stocks now. nicole petallides on the floor of the new york stock exchange. stocks fighting for gains on the weekend before the long weekend. >> what is interesting, the dollar is weaker and we've had two straight days of selling. we haven't seen that in a few months. three in a row, three down arrows in a row for the dow jones industrials. this looks like a nail-biter for the last toum of hours here because we're down just five points on the dow jones industrials, s&

ashley: i'm ashley webster.r losses but still deep in the red on new fears that the fed stimulus, well, it's going away. the dow is off 79 points after hitting north record close yesterday. we're of course tracking the selloff all hour. tracy: plus we have to start fortune brands home and security shares nearly doubled since last year to near all-time high. we have ceo christopher klein. he is here in a fox business exclusive. ashley: first on fox interview with silicon valley pioneer and vc giant and netscape cofounder, mark andreessen. he is will he will tell us what is tech's next big thing. if anyone knows he should. tracy: back to all the netscape days. that means we're old. top of the hour. time for stocks. we go to nicole petaalides on the floor of the new york stock exchange. what is going on, nicole? >> tracy and ashley, we're seeing a market that ever ared some earlier today. obviously we were down over that 100 point mark easily today. we recouped half the hoses. we were off a full percentage point. n

i'm ashley webster. tracy: i'm tracy byrnes. a new cyber threat. and homeland security warning of possible hack attacks against business, government and your money. former fbi assistant director sean henry tells us what we need to do to just stop these once and for all. ashley: another record high for the dow and s&p. here we go again. we'll hear from one strategist who says this market has plenty of room to run thanks to some really decent valuation. >> oil pulling back after december gains with u.s. production rising an consumption falling. could they be headed higher? i'm not feeling it. we'll have the ceo and president jack girard. fingers crossed. ashley: we're heading into the summer traditionally. top of the hour. time for these report breaking stocks. nicole petallides on the floor of the nyse as we do every 15 minutes. the dow trading near session highs. >> it absolutely is. 15,050 is the highest point. day. we're less than five points away from that level, ashley and tracy. dow jones, let's start with that, up about half a percent. the s&

ashley: i'm ashley webster.on track to close in the green for the third straight week even as the dow pulls back from record levels but we'll hear from one strategist who says get ready for that much talked about correction. tracy: we've been waiting for it for a while now. our special day-long series of the business of real estate. we're live from the gold coast of new jersey. i actually am from new jersey. i didn't know we had one. where there is a construction boom, to phoenix, arizona, where one of the hardest hit areas of the housing market is actually moving on up. it is at the high end of the market and it is booming. ashley: plus we'll take you to illinois where one company single-handedly save ad town from ruin. it is a great story so stick around for that. first we have breaking news for you on the federal budget. rich edson at the white house with the latest numbers, rich. >> the government made money in april $113 billion. bringing the annual deficit for fiscal year that started on october 1st to $48

tracy byrnes and ashley will webster will be speaking with former homeland security adviser.y. he is in new jersey. peter barnes has been watching everything from the white house. peter: that is right. the president back in new jersey seven months after hurricane sandy. he will be meeting with governor chris christie. they will be looking at how the rebuilding efforts are coming along. with congress out of town for the memorial day recess, this is an opportunity for the president to changes discussion away from all of the washington scandals that have been dogging him. when the president went up there last year and met with governor christie, governor christie saying president obama's praises for his response to hurricane sandy. conservative republicans were not happy about those comments back then and they are not happy about the christies meeting with the president on this trip. take a listen. >> they are looking for somebody who stands up for the wasteful spending that goes on in washington. i think that this will hurt him in her christie in terms of 2016. it may help him