ashley webster has the latest what is going on and what could happen to those two gentlemen of the ashley indeed, adam. javier martin-artajo and julien grout are charged with fr counts including fraud and falsifying records. a major fudging of the books say the prosecutor the department of justice is confirming that the man who actually executed trades, bruno iksil, the so-called, "london whale," i cooperating with the government and will not be prosecuted of earlier today the fbi sounded off on this case and what it could mean to future investigatns. the defendants, this is a quote. the defendants are concerned about losing control to other traders at the ban fudged the numbers on their daily book and in some cases completely made them up. it brought a whole new meaning to cooking the books. this should be a warning to bankers and trade everywhere. integrity c not be sacrificed in the producing of income and profitability. the fbi will continue to investigate these cases so long as people fail to heed that messag strong words from prosecutors. arrests have not been made. calls to attorne

let me get to ashley webster. cisco numbers. >> the earnings per share. a 1 cent beat of the 51-cent estimate on revenue. $12.4 billion. the estimate was for 12.41. just 1 penny beat on the upside. after-hours trading's here, relatively flat, we will wait and see, dig into these details, the switching revenue. we continue to see what comes out in this report. david: is a lot of competition, is we're going to look at some of the guys. it may be less than the actual numbers, more in the guidance that we get about what is going to be happening. it is down after-hours slightly, but it is coming back a little bit. what do you think about cisco, todd? >> the usually unde underpromis, overdeliver. this has been the theme since earning season. cisco probably near the upper end of the range and i would not be a buyer here. a much greater chance to sell off a little bit. 25, 24, i would be looking to possibly buy it. i think the anticipated better than they got, don't think they're going to go much further. liz: i just want to continue to stick with cisco. again, i

tdd#: 1-800-345-2550 >> i'm ashley webster with your fox business brief.fter hours after the company's the company resuming its quarterly dividend for the first time since the financial crisis. the 10-cent a share dividend will go along with a one billion dollar stock repurchase. mortgage rates are up but still historically low. rates are a full percentage point higher than in early may. >>> starbucks teaming up with google to upgrade the coffee chain's in-store digital network. starting this month customers will get 10 times faster internet service with their caffeine fix. over the next 18 months starbucks will con fettervert more than 7,000 u.s. locations to the upgraded service. that's the latest from the fox business network, giving you the power to prosper. i touched the ball before it went out, coach. come on, alex, the ref did not ca that! i touched, it's their ball. team! alex. alex, good call. david: shares of itt jumping today after the company's second-quarter earnings report. the manufacturing company beat wall street estimates and raised 2013

ashley: and i'm ashley webster. breaking news in the jpmorgan "london whale" case.re about to lay out criminal charges against two former traders that could be going to prison for 25 years each. we'll bring you the news conference live in just moments. >> finance expert josh rosner is here to break down the case. plus why he said the tide is totally turning against the banks. >>> the latest on the deadly crash of a ups airbus jet in alabama. investigators are racing to find out what brought it down. ashley: first stocks hitting session lows in the last half hour. time for stocks. let's go straight to lauren simonetti on floor of the nyse as we do every 15 minutes. we're off 110 points on the dow. >> certainly it is lower. the markets took another leg down. the low of the session is 15, 315 on federal reserve governor, bullard saying fed has to hit the 2% inflation target it set and with those comments the markets took another leg down. we have two stocks today, one a winner and one a loser. jc pane any, put out -- macy's is down, one of the biggest losers on the s&p

. >> i am ashley webster with your fox business brief. u.s.re holding less debt according to the fed household debt including mortgages, credit cards and auto loans fell by 78 ilion dollars the second quarter, the lowest level since 2006. americans are getting better at paying their bills. the delinquency rate has fallen to the lowest levels since 2008. prices were flat last month with inflationary pressure. prices came in unchanged from june as a cost of natural gas and gasoline fell. they were expected to rise by three tenths of a percent. euro zone gdp fell in the second quarter into the first quarter. the economies of germany, france and portugal signaling an end to the recession of six quarter downturn. we now continue our "countdown to the closing bell" with liz claman. liz: just checking, cisco moving higher ready to report the third-quarter earnings. this is so important of a company, looking at the cloud business, security and routers and switches. >> demand from companies for those items. the earnings popped into the green. cisco rep

i'm ashley webster. tracy: i'm tracy byrnes. we have breaking news.ve is about to release minutes from the last meeting. wall street is anxious about any clues about the taper, when will it be. we'll have market reaction. ashley: fear of higher interest rates ahead helped surge sale of existing homes. are they rising too high to fast along with holm prices? one real estate ceo will weigh in next. >> hewlett-packard, august earnings come out, august earnings in the past were disasters. ashley: let's go to peter barnes with the fed minutes, peter. >> ashley, tracy very little in the minutes to suggest that the fed will start tapering its qe bond purchases in sent. the minutes show fed members still favoring waiting on the economic data before making any decisions to dial back quantitative easing, but, the fed members do appear to be considering changes in their so-called forward guidance including the economic thresholds that they have laid out to start raising short-term interest rates, the federal funds rate, which is a separate tool from qe. for exam

he joins ashley webster and i stick around next hour on fox business. stay with us. ck to "market the now." i'm lori rothman. ashley: i'm ashley webster. the syrian crisis intensifies as we know, now oil pushing above $110 a barrel. there it is. it breached that mark now on rising expectations for military strikes. energy stocks also leading the gainers. lori: "the wall street journal" is reporting that the white house wants to move fast and stop another possible chemical attack in syria. washington bureau chief gerry seib is here in moments. ashley: america's shale boom, aqua america, spending millions on a water pipeline for the use in fracking. the stock by the way, near an all-time high. we'll have the company's chairman right here to talk about it. lori: first, top of the hour. time for stocks now. let's head to straight to lauren zimmmerman on the floor of the new york stock exchange. lauren, stocks near the highs of the day, so far reversing yesterday's deep he willing. >> we're seeing a bounce-back. in fact the s&p 500, yesterday was at lowest level since june

ashley: i'm ashley webster. so long steve ballmer.the microsoft chief's retirement plans. i'm sure that makes him feel great. will it end the lost decade for microsoft's stock? we'll look ahead. tracy: a ton of damage control for the nasdaq. they are embracing for the fallout from yesterday's three-hour freeze. fox senior business correspondent charlie gasparino has new details on this. ashley: ashley: housing shock. sales plunge as why one analyst tells us the sweet spot for housing may be over. tracy: top of the hour. time for stocks. nicole petallides on the floor of the new york stock exchange. i know you're watching microsoft shares, girl. >> i am indeed. they have been adding to the dow jones industrials by 15 positive dow points give or take. it is up over $2. that is a gain of 6.7%. this is a huge move for microsoft. this morning before the opening bell i was standing here quickly and said to me, steve balmer is stepping down. that is big news on wall street to have obviously a leader on wall street saying he is going to retir

that is coming up with ashley webster who joins me the next hour of fox business.e don't miss it. my mantra? trust your instincts to make the call. to treat my low testosterone, my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and medications. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet or body swelling; enlarged or painful breasts; problems breathing whilsleeping; and blood clots in the legs. common side effects include skin redness or irritation where applied, increased d blood cell count, head

let's bring in ashley webster. >> great to be here. markets essentially flat.ur we'll look at future of transportation as according to elon musk. so-called. get in a pod. new york to l.a., about 40 minutes that would be great for you. see the family. liz: in two seconds let's go to adam shapiro at new york stock exchange. >> they are on fire for blackberry. the a one point in 2009, 50% of the smartphone market. today, 3%. they have to do something drastic. selling off bits of the business or merge with someone taking over, that is where they're going. ashley: adam, gold mining stocks finally getting a boost today. >> especially when you look at newmont. they led the s&p up 4.6%. year-to-date they're down. chinese gold demand up over 22% from the first quarter to the second quarter. a whole bunch of them are up today. liz: etfs saw inflows with gold which is unusual since june. let's get to 3-d printer makers. we profiled self top ones. they continue to rally. >> look at stratasys. they're up 8.4% today. last week ups announce ad bii experiment with stratasys 3-

ashley: i'm ashley webster.ng and so far failing to bounce back after their worst week of the year. the dow, down 28 points, moving closer to that 15,000 mark. big money manager jack ablin tells us how he is playing this market right now. nicole: president obama is back from vacation tackling financial regulation on day one in the oval office. it is just the beginning of yet another push on the economy. all details are coming up. ashley: retirement savings in america. a new study said many are putting away us and others are giving up simply saving for the future at all. we'll dig into scary numbers coming up. first, top of the hour. time for the stocks. go straight to lauren simonetti on new york stock exchange. lauren, stocks edging lower. >> exactly, hi, nicole, hi ashley. it is a day when the consumer and rates are in focus. the 10-year popping to a two-year high. a lot of consumer stocks saying that is affecting major averages. dow down 27 points. nasdaq up about 11 and s&p down four points right now. some a

ashley: welcome back, everybody, i'm ashley webster. lori: i'm lori rothman.tumbling today while oil, gold, surge on fears military action against syria could be days, even hours away. the dow is down 123 points right now, falling further below 15,000. the selling is picking up. ashley: putting the brakes on housing recovery. home prices jumping last year, but, there is new evidence that mortgage rates are slowing things down. one housing expert tells us what to expect next. lori: regulators targeting banks with rising number of probes and fines. american bankers association chief frank keating says bank customers will ultimately pay the price. he is our special guest ahead. ashley: first as lori mentioned, top of the hour. let's look at the stocks. let's go down to the nyse. lauren simonetti, as lori said, selling picking up, down 123 now on the dow. >> it is certainly ugly, ashley. at one point the dow was at 14,800. it can go below the key 14,000 level. the broader market is down as well. sharp selling is going on as well. we're seeing the vix index spike.

ashley: i'm ashley webster. what's next for blackberry?ducts, a new ceo, even a new name but the smartphone maker says it could even more drastic action including a sale. the stock its surging. we'll have the very latest ahead. tracy: five weeks away from a sent taper. deutsche bank's carl ridon u.s. said the fed has done too much to turn back now. how it will all play out ahead. ashley: detroit to beijing, two thundershowers flat. new technology could make the world much smaller. we're life in a fox business exclusive. like l.a. to new york in 40 minutes. >>> breaking news on the monthly budget deficit. let's get straight to it and go to peter barnes in washington. peter? >> hey, ashley, deficit was $90 billion in july. 40% increase from the $70 billion deficit reported in july of 2012, but, for the fiscal year-to-date, the deficit is actually down by about that amount. it clocked in for the first 10 months of the fiscal year-ending july at $607 billion. that compares to $974 billion for the deficit for the same period last year. and, of

ashley: i'm ashley webster. a 10 billion-dollar airline deal, denied.ouse says, american-us airways tie-up would boost air fares and hurt flyers. airline stocks are plunging. more on the fallout straight ahead. tracy: new drama for jcpenney. will the boardroom shake-up help or hinder the struggling retailer's turn around plans. ashley: boost in retail sales for a fourth straight month. economist, lindsey piegza says behind the headlines there is cause of concern. she will be back in a now moments. tracy: yeah, good to see her. airlines stocks are tumbling, right? ashley: doj blocks us airways and from teaming up. lauren simonetti with the story. >> hi ashley, tracy. the markets have gotten better. unfortunately the airlines have not, still deep in the red. us airways a huge loser, certainly down nine plus percent down over the past two days, about 8%. so, big declines today. let's look at some other headlines you can see. delta, united, jetblue, all down substantially. so that's an ugly board. in terms of the markets overall it's looking a lot better. t

ashley: i'm ashley webster.r the dow, s&p and nasdaq, thanks in part to a five-year low for jobless claims. is there anymore we can squeeze out of this record market? top strategist rob morg began is here with his opinion. tracy: yeah. he seems to think so. >>> the american pickup truck dominating auto sales. ford, gm, chrysler say truck sales are outpacing cars more than two to one. how long can this last? fox news has the story. ashley: housing prices surging 25%, a heck of a day for them after beating expectations for its own. ceo pete flint will join in a first on fox interview. that is straight ahead. tracy: looking at home prices. i'm fascinated i. i was on it earlier. top of the our hour now. time for stocks. we go down to nicole petallides on the floor of the exchanges. we have a record day here today. >> we got you covered. cars, real estate, the stock market. you're right, tracy and ashley. we have a record day on wall street today. the dow and s&p hitting record intraday highs we have never seen befor

ashley: welcome back, everybody, i'm ashley webster. tracy: i'm tracy byrnes.hite house yet again going after a major bank, using the controversial legal tactic, disparate impact. this time the doj is impacting pnc over its mortgage pricing for quote, protected classes. we'll have the latest on this ahead. ashley: meantime america's shale boom, the energy department approving an export terminal for u.s. liquified natural gas, lng. energy transfer equity is part of that project. its stock at all-time high. global cfo jamie welch is here straight ahead. tracy: that's good stuff. special report, small business, big ideas. we bought a sandwich shop. he bought a sandwich shop while he was 17. maybe we'll buy them one day. he turned it into a nationwide franchise. ceo will tell us how he did it at a very young age. ashley: i think it would be mike, jersey pete's. time for stocks. nicole petallides at new york stock exchange. nicole, the dow higher but the dollar down. >> a lot boeing on absolutely today. we had back and forth action on the dow jones industrials. it i

ashley: i'm ashley webster. breaking news on syria.ate john kerry just laying out the u.s. case for military action in syria but he did stress it would be limited. president obama is expected to address the crisis. we'll bring us his comments and very latest just ahead. tracy: stocks turned sharply lower during secretary kerry's speech. down seven points. they have since recovered. oil and gold are under pressure. we're tracking the markets every move until the close. >>> america's shale boom, oklahoma one of several states fighting possible new regulations on fracking. attorney general scott pruitt on why he says it amounts to regulation overload. that is all coming up. as we mentioned, markets coming back a little bit. we go down to lauren simonetti on the floor of the exchange every 15 minutes. hey, lauren. >> two hours left to the month of august, right? it has been a terrible month. dow, nasdaq, s&p, all down sharply. the dow is looking at sharpest monthly loss since may of 2012. the stocks are down for the week. what happened tod

ashley: good afternoon, everybody, i'm ashley webster. tracy: i'm tracy byrnes.eye has been shut for more than three million homes since friday. some are saying it could stay that way until sent. that is when football season kicks off. that is crazy. ashley: in the wake of the edward snowden scandals, some are asking, how private is your sell phone? issue could make its way all the way to the supreme court but first our judge will be weighing in. tracy: 12 major league baseball players have been suspended for 50 games for using performance-enhancing drugs. we don't know the fate of yankees star alex rodriguez. we'll bring you that when we get it. we'll bring you the cost of the scandal to the players and the game. with negotiating going on? ashley: back-room deals may be going. tracy: dow is down 56 points. we have to get to the floor of the new york stock exchange. nicole petallides down there. nicole, it has been hovering down here for a while. >> you're right, it has. of the at its lowest point it was down 70 points. right now we're down 56 points for the dow

here is ashley webster for david asman. >> i went to best buy yesterday. liz: how was it?i needed three things. went in there, boom, boom, boom, out. it was a good experience. liz: let's let's go to lauren simonetti always giving a good experience at the new york stock exchange. intel biggest gainer on the dow. >> a big winner on the s&p 500. >> piper jaffray said the pc is not dead especially the spring of next year. >> lauren, airline stocks also continuing to suffer. big names falling into the red today. >> yeah. this is the surprising because over the weekend "barron's" said this selling should be overdone at this point. turns out that is not the case liz: ashley, look at some of these oil stocks. apache is a mess. >> that is one of the reasons the stock is down more than -- [closing bell ringing] liz: on this monday. the bells are ringing on wall street. yeah, couldn't quite make it earlier today. nasdaq saw some green, you see a little bit bit of a reversal, te dow jones industrials down full 71 points, close to the lows of the session. the s&p 500 is down. russell 2

of an unbelievably company that is betting on huge growth in organic berry products.., >> i'm ashley websterx business brief. the recession in the eurozone may be ending. official figures to come out tomorrow are expected to show economic growth in the 17 countries that use the euro. showing an increase of .2 of a percent in the second quarter compared with the first quarter. that by the way would end six straight down quarters. >>> the bidding war for steinway musical instruments could be over. kohlberg and company is refusing to match a $477 million offer for $38 a share, reportedly from hedge fund manager john paulson. kohlberg offer the $35 a share in june. >>> national federation of independent businesses read is out, up .6 of from june's reading 93.5. optimism is riding as owners anticipate improved sales and earnings. that's the latest from the fox business network. david: this is freight news. u.s. organic food sales jumped to $27 billion last year. lifeway foods pushing ahead with new products and expansion plans to catch in on the healthy growing living trend. liz: joining us on fo

. ♪ >> reporter: i'm ashley webster with your fox business brief.ar for stanley musical instruments could be over. refusing to match a $477 million offer for $38 per share, purportedly from hedge fund manager john paulson. offering $35 per share in june. stock up more than 87% so far this year. eli lilly says a late stage study of its new experimental one deep that -- lung cancer drug resulted in increased survival rates. planning to file a u.s. marketing application by the end of 2014. and h.j. heinz cutting 600 jobs across the u.s. and canada, including 350 in pittsburg, nearly one-third of its operations there. the company was sold in june to warren buffett's berkshire hathaway in a $23 billion deal. now we continue our "countdown to the closing bell" with liz claman. ♪ liz: and we bring you this breaking news. wednesday prepare yourself. the "wall street journal" is reporting that the u.s. government officials are going to file criminal charges on wednesday verses those two former jpmorgan traders. expected to be charged by u.s. prosecutors, thi

." ♪ ashley: i'm ashley webster with your fox business brief. the u.s.llions more than it took can. health care spending intentions for the military and elderly. profile the fiscal year which began last october, the federal government has run 607 billion in the red, but that is less than $974 billion deficit during the same ten months of the previous fiscal year. buying the aerospace communications group. the deal combines two companies. carlisle bought the unit back in 2007. general motors reportedly gradually pulling out of south korea. sources say the automaker is cutting its presence in the country due to rising labor costs and union activity. that is the latest from the fox business network, giving you the power to prosper. ♪ my mother made the best toffee in the world. it's delicious. so now we've turned her toffee into business. my goal was to take an idea and make it haen. i'm janet long and i formed my toffee company through legalzoom. never really thought i would make money doing what i love. [ robert ] we created legalzoom to help people start

we want to go right now to nicole petallides, ashley webster is also joining me in place of david asmansh what a day. >> reporter: going into the closing bell, we didn't see the nasdaq trade for three hours, we're back in action. the dow jones industrials in this last half hour actually moved to session highs, so it's a relief that we are trading once again, but the question still remains: what happened? back to you. ashley: well, what happened, indeed? interesting, what's the general sense you got, nicole, from the traders there at the stock exchange? there were some people, some traders that said how come trading was stopped on our floor as well? did the nasdaq have the authority to do that? >> reporter: look, you have to, you have to play nicely in the sand box. traders here on wall street quickly noted that right here at the new york stock exchange, which also trades some nasdaq stocks -- ashley: right. >> reporter: did not trade those here, and then this way they can try and figure out what the real problem was. ultimately, you might not even get the right prices. liz: well, that i

let's go to ashley webster. it concerns jcpenney which took it on the chin. came back a little bit. what is the news. >> absolutely, david and liz this has to do with speck lanes that jcpenny's chief financial fer, ken hannah was stepping down. it was rumored. although we don't typically comment on rumor or speculation they say it is appropriate to respond in this case. he is not stepping down. he is part of the jcpenney go forward leadership team. the company says that there is absolutely false. as you mentioned, david, the stock taking a hammering hitting a 2007 1/2-year low although coming back a little bit. it has been a tough day for penney's. ken hannah, they say, not going anywhere. so they put out this statement. david: once again, 12.65. you see 13.27. not moving much after-hours. people believe what the company is putting out. 12.56 was the all-time low and it hit that today. let's get action on a whole lot of other stocks. larry shover. we usually see larry at cme. he is in new york today. he sees the market moving higher and he has three ways to make you money. also join

. ♪ ashley: i am ashley webster with your fox business brief. month low last month. meantime, heads may roll out the nasdaq. fox business sr. correspondent reporting that sources close to the nasdaq say management changes are likely. the ceo appears to be safe for now. the nasdaq said in a statement it took just 30 minutes to resolve the issue. pandora says its fiscal 2014 earnings will miss the street's estimate. that is the latest from the fox business network.ng ♪ ion tweeters are tweeting. and 900 million dollars are changing hands online. that's why hp built a new kind of server. one that's 80% smaller. uses 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this&is gonna be big. hp moonshot. it's time to build a better enterprise. together. like carpools... polly wants to know if we can pick her up. yeah, we can make room. yeah. [ male announcer ] ...office space. yes, we're loving this communal seating. it's great. [ male announcer ] the best thing to share? a data plan. a

ashley: i am ashley webster, four straight days of losses, taking a look of the dow, the blue chips hanginglying after the company's latest earnings beat the estimates. best by reporting second quarter of adjusted profit of $0.32 a share compared to the estimate for just $0.12. revenue of $9.3 billion down slightly from last year but still topping the forecast to $9.13 billion and americans taking the biggest car loans and payments, trans union says the average loan balance rose 4.5% in the second quarter from last year to $13,400. trains union said the rates of car loan payments late by 60 days or more was essentially flat in the april to june quarter. that is the latest on the fox business network giving you the power to prosper. right now, 7 years of music is being streamed. a quarter million tweeters are tweeting. and 900 million dollars are changing hands online. that's why hp built a new kind of server. one that's 80% smaller. uses 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this&is gonna be big. hp moonshot. it

speak of it afternoon, i'm ashley webster. lori: i am lori rothman. line on an earnings double whammy. ashley: what is the largest retailer saying about the state of the consumer, low income shoppers have investors worried. lori: is now the time to follow the smart money? placing their bets now, should you follow? ashley: protesters storming, 525 people dead, 2000 injured. president obama says the violence needs to stop. let's go to the floor of the new york stock exchange and our very own nicole petallides. nicole: there is a lot going on here. the dow jones industrials down 195 points, which is a loss of one and a quarter percent. the mentality here on wall street is an interesting one. i

ashley: ashley webster with your fox business brief.ndustrials snapping a six day losing streak, the dow 50 points, step again after economic news from around the globe. retailers losing ground today. l. brand raised its full-year few additional earnings warning for the current quarter. the parent of victoria's secret reporting a second quarter profit of $0.61 a share, a penny above the estimate, revenue rising 5% from last year to $2.52 billion also topping expectations. wells fargo laying off 2300 workers and the mortgage refinancing boom has cooled off, accounting for less than one% of wells fargo's total work force, wells fargo is the nation's largest mortgage lender. that is the latest on the fox business network giving you the power to prosper. cheryl: update you on breaking news, trading halted following data issues, the nasdaq telling reuters it was dissemination. let's bring in nicole petallides on the floor of the stock exchange. >> before i read you all the headlines coming out from the nasdaq let me tell you what regular peo

. ♪ ashley: i am ashley webster with your stock business brief.points. more than 6% do an annual rate of 5.39 million units. expecting a sharp increase in borrowing costs. bloomberg says it has instituted new policies and procedures. the move stemmed from an outside review that paula complained earlier this year that client for accessing login information. that is the latest from the fox business network. giving you the power to prosper. double dennis: your next ride on a yacht maybe just a mouseclick away. joining us now from san francisco, ryan pedro. thank you for being with boat owners use their craft the 8% of the time. >> that is correct. thank you for having us on the show. both sit idle a tremendous amount of the time. we are giving boat owners an opportunity to make some additional income. we are seeing a lot of tremendous growth here. not only from the boat owners side, but from the renter side as well. we are in 60 countries. about 800 cities worldwide. we are really happy with the growth that we have seen thus far. dennis: how does thi

ashley: i'm ashley webster. breaking news.he nasdaq is about a release new information on what exactly happened during that "flash freeze" one week ago today. charlie gasparino will be along. we'll have the details in just moments. tracy: a massive football settlement. the nfl agreed to pay more than 3/4 of a billion dollars to settle concussion lawsuits that were filed by thousands of players. now a judge still has to approve it but we'll have the latest on that ahead. ashley: waiting for answers on syria. global markets are in flux as western leaders decide whether to launch military straiks. the heritage's foundation nile gardiner says the west needs to be very clear about its goals. he will be coming up. tracy: a warning about oil and gas companies about fallout from potential gas hikes. american petroleum institute chief jack girard says they would devastate the economy. he is our next guest ahead. ashley: let's take a look at these markets, despite uncertainty over syria, decent economic news helping to keep the markets

ashley: welcome back, everybody, i'm ashley webster. tracy: i'm tracy byrnes. down 216 points. two dow components sparks new fears of corporate earnings. ashley: economic news boosting the fear that fed tapering will start five weeks from now. russ koesterich is here to tell us how to play these markets. tracy: warren buffett is losing his taste for big name food stocks. we'll tell you what he is buying and selling ahead. ashley: a lot of people pay attention to that first, top of the hour. time for stocks. it has been a tough day. let's go down to nicole petallides on floor of nyse. nicole? >> tracy, ashley, we've seen a market under pressure all day. one. headlines pertaining to concerns when the fed may taper, that could be sooner rather than later. that is something that really weighs on markets ultimately. you can see the knee-jerk reaction. dow jones industrials are down 211 points. they're off the lows of the day. at one point we broke down through 15,100. have a couple of dow components worth watching. all 30 dow components are lower whether financials

what's in your walle ashley: ashley webster with your fox business brief.ing planned initial public offering,. a bang, goldman sachs, bank of america and morgan stanley managed the i p 0 which is expected to come in the first half of 2014, blackstone polk went private for $18 billion, $7 billion in assumed debt in the 2007 leveraged buyout. mcdonald's says same-store sales in july rose 0.7%, same-store sales rising one.6%. european sales down 1.9%. china's july beating expectations, imports rising 5% year over year and exports jumping 10.9% compared to last july raising hopes the chinese economy could be stabilizing. that is the latest from the fox business network giving you the power to prosper. dennis: magnetic fields set to shift according to stanford researchers and nasa. the event happens once every 11 years, what does that mean to assert the inhabitants? weather beltsy forecasters joe bastardon hand at a very large core powell. thanks for being with us. what is going on here? >> magnetic law of lamb. and every 11 years, those from author to low. ever

ashley: welcome back, everybody, i'm ashley webster. tracy: i'm tracy byrnes. to fight back to avoided the third down day in a week. the dow is down 55 points. top market strategist christopher zook will tell us what investors are paying too little attention to right now. ashley: warnings from the fallout of eliminating freddie mac and fannie mae. one person says it will make it harder for americans to get loans. tracy: why automakers went southbound to steer clear of u.s. unions and unions are showing up with so-called big promises. we'll look at that ahead. top. hour now, time for stocks, the dow is down i should say 52 points. adam shapiro on the floor of the exchange. hey, adam. >> hey, tracy. you know all three indices are down. dow is down 52 points. nasdaq is down. almost 14 points. for the dow and s&p this is now three days in a row they have been down and this is not good news for some investors. we heard a lot of people down here talking about a 4 to 8% correction but this would be the first time in almost two months we've seen this kind of a losing s

. ♪ >> ashley webster with your fox business brief.m, and they flipped in the second quarter, fifteen% from 30% in the first quarter, meantime google's android system expanded market share from 69% to 79% in the same period. july a big month for a changes in the corner office according to challenger gray and christmas, and they announced their departure, the higher ceo turnover in three years and up 76% from the 94 in june. yahoo! will begin a new logo, the first in two decades. the internet company will show destroying -- different customer logos, one each day on the web site, with new logos to be announced. that is the latest from the fox business network giving you the power to prosper. right now, 7 years of music is being streamed. a quarter million tweeters are tweeting. and 900 million dollars are changi hands online. that's why hp built a new kind of server. one that's 80% smaller. uses 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this&is gonna be big. hp m

ashley: i'm ashley webster. a sent taper is still on the table, for now.the red after a fed dove says, oh, yeah, the taper is coming and it is not the only thing pulling down the market right now. we'll have the very latest straight ahead. tracy: president obama visits the epicenter of housing boom and bust and calls for more reform from fanny and freddie. greg valliere tells us if it has any chance of passing congress. ashley: she is one of the first to say illinois could become well, the next detroit. alice ton frazier says bankruptcy in the land of lincoln could be much worse. she is ahead to give us all the grisly details. tracy: top of the hour. time for stocks. adam shapiro on the floor of the new york stock exchange. adam, market is down about 100 points. what is going on? >> you can blame it on tapering. we talked to mark newton. he said when we got the trade deficit numbers that were improved on wall street and that meant the fed will pull back and they don't like that. and comments from charles evans, federal reserve president out of chicago, yes

ashley: i'm ashley webster. still waiting for a stand out jobs report.mbers failing to boost stocks but the dow still on track for its 6th straight winning week. >> july jobs versus sent tapering. can the fed really start, stop, the money presses less than seven weeks from now? pnc chief economist gush faucher tells us how the fed will make its decision. that is coming up. ashley: michael dell could be closing in finally on buyout deal that will win. rival bidder carl icahn, don't count him out. the dell war, far from over. the latest from him straight ahead. >> it is kind of fun for him. time for stocks. nicole on the floor of the exchange. hey, nicole. we're getting there. >> tracy and ashley you're axe lieutenantly right. we're not too far from the unchanged line >> tech-heavy nasdaq is only of three indices with an up arrow. i think of my conversation i had with alan valdez with gme securities. if it weren't for chevron the dow would be in positive territory. the chevron is worth negative 20 dow points. came out with warnings and a tough quarter. we

ashley: i'm ashley webster. the dow is on track for the first weekly loss in seven weeks., are stocks overvalued? we'll ask raymond james chief investment strategist, jeff saut. tracy: president obama gives a news conference in the next hour and will head out, to vacation. what about all the unfinished business he is leaving on his desk. ashley: forget about it. nps pharmaceuticals introducing its first drug this year and shares are taking off. the company's ceo, dr. francois nader will look with us at what else is in the company's pipeline. top of the hour. time to look at stocks. let's head straight down to the new york stock exchange with nicole petallides down there as always. nicole at least the stocks are off the lows of the day. >> we're seeing some improvement and that is absolutely right. we were down 125 points at one point. we saw the down arrows. we've seen the 10-year yield come in a little bit. it was around 2.6 and change. now it is at 2.58%. so we're watching the dollar which also came off its highs. so things are all coming a little more central at the mom

. >> tracy byrnes, ashley webster the nasdaq is still down presumably of a technical glitch. sec and fbi have been notified of this we've been down since 12:14 today. we have team coverage. most important thing i heard, put limit orders on anything. ashley: a lot of confusion. one thing we heard time and again it is a slow day in august and thank goodness for that, that is happening at this stage. there again, what the heck is going on? let's go to cheryl casone with a look at the markets and reaction to what is going on. >> we continue, ashley and tracy, what you see on the screen. that is what happened with the intraday chart. i do want to show you a couple things on the fox business wizard. to give you more of an idea exactly what happened. hear is the intraday chart of the nasdaq. here is what we saw, 12:14 p.m. eastern time that is when all nasdaq traded stocks were halted. trading is fine at chicago cme, trading is fine at the new york stock exchange. but anything nasdaq related, more than 3200 stocks, all the stocks have been halted. if you look at the 12:14 mark, that

ashley: ash, sugar webster. that's me.grapher was using camera drone for a couple's wedding and it went rogue and hit the groom right in the face. the bride and groom laughed about the entire incident much as we are doing. insisted video put on youtube. as you might suspect this video has gone viral. already reached more than 800,000 views. and congratulations and good luck to them. boom. liz: speaking of all gadgets, we asked you on facebook and twitter if you're more likely to make the next expensive electronics purchase online or in store. he wrote in to say, on twitter, i'm more likely to make purchases in a store and window shop and get out of the house a bit. ashley: makes sense. jim on facebook told us he is waiting for the new 70-inch vizio ultra hdtv to be released and by the way, he will purchase it online. liz: number three, hewlett-packard earnings. hpq is a huge story lately. they have done very well with the stock. ashley: yep. liz: analysts expect the tech giant to post earnings of 86 cents a share and reven