i'm david asman. let's go in with mr. steve forks, author of a book called "freedom manifesto." michael is here, elizabeth mcdonald, rick, victoria, and morgan brennan. steve first to you, are government entitlements making

thank you, david asman. jon: right now president obama and governor romney's paths set to cross again on the campaign trail today, this time in the critical battle ground state of ohio. both men are trying to win toss-up states like ohio and a key voting bloc as well; white males. as politico reports today, quote: after decades of taking a backseat to the growing voting demographics of women, latinos, middle class, white men are finding themselves front and center once again. let's get a fair and balanced debate underway. we're joined by simon rosenberg, president and founder of ndn and a former clinton campaign adviser, mary katherine hamm is editor at large of hot air.com and a fox news contributor. mary katherine, according to a gallup poll last month, mitt romney enjoyed a 24-point advantage among white males nationally. last week reuters/ip sos put it at 20%. is he in danger of losing,

the right medicine this time around, art laffer, thank you. >> david, charles, can i just commend david asman i had no idea david, you worked in cabrini green, i'm from chicago, god bless you. charles: next time you're in new york you can show the physical scars to prove it. >> thanks, charles, bye. charles: and uncle sam stakes in aig, what are the shares. >> they are he' down 18 billion dollars so they're selling the u.s. treasury department, right? this is all our taxpayer dollars remember when aig was saved back in the financial crisis, so, they will he' be now not having that majority and move into a minority stake, a minority share and so, right now, it's down 1.8% for aig. so, it's big news every time they sell off some of their, the treasury's holdings were aig, it makes news of course, because those are our taxpayers dollars. charles: thanks a lot and also big news, back to the chicago teachers strike and 400,000 students out of school because teachers unions will not agree to merit pay and this is after mayor rahm emanuel offered them a big raise. a former investment banker and join

neil: david asman, thank you very much. a smart guy. mr. president, let's get going so let's talk about coverage. based on this chart, who would you choose ? wow. you guys take a minute. zon, hands down. i'm going to show you guys another chart. pretty obvious. i don't think color matters. pretty obvious. what'sretty obvious about it ? that verizon has the coverage. verin. verizon. we're going to go to another chart. it doesn't really matter how you present it. it doesn't matter how you present it. verizon. more 4g lte coverage than all other networks combined. nothing complicated about a pair of 10 inch hose clamp pliers. you know what's complicated? shipping. shipping's complicated. not really. with priority mail flat rate boxes from the postal service shipping's easy. if it fits, it ships anywhere in the country for a low flat rate. that's not complicated. no. come on. how about... a handshake. alright. priority mail flat rate boxes. starting at just $5.15. only from the postal service. but with advair, i'm breathing better. so now i can

yes it does and david asman has seen it. it's called won't back down. me is when you said it is not like a normal hollywood movie in the sense it goes after a public sector union. david: think erin brokovich. stuart: right. david: there is a populist uprising in america right now and it is against the public sector bureaucracy. unfortunately public sector unions have become a problem. they are part of the problem, not the solution. you have to go back to the 1950s to get this kind of movie. stuart: let's go back there, should we? nothing wrong with that. one last word on california that will set up a pension fund and force private employers to pay into it. liz: guaranteed pension that private companies are going to have to launch in the state of california. they are also going to be fined 750 bucks per worker per -- you know. here's the issue, if taxes and government regulations the way to go, why was california's unemployment jobless rate nearing 12%? i don't understand that. david: by the way now the chicago symphony is also on strike. gas prices 4.80

neil: david asman, thank you very much. a smart guy. mr. president, i know the name of eight princesses. i'm an expert on softball. and tea parties. i'll have more awkward conversations than i'm equipped for because i'm raising two girls on my own. i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. are we there yet? are we there yet? [ male announcer ] it's the age-old question of travel. the same one we ask ourselves every day. is it the strongest, the most efficient? have we created the kind of vehicle to move not just people... but an industry forward? are we there yet? are we really? [ male announcer ] are we there yet? we are, for now. introducing the all-new seven passenger gl. mercedes-benz. the best or nothing. and what they said is amazing. review 5-hour energy over 73 percent who reviewed 5-hour energy said they would

get behind a simpler tax code, but i'm still suffering from the ripple in the force i felt when david asman told me i was right. i'm going to lose my liberal union card. steve pointed he likes the vice president's candidate program the president's candidate. all of you republicans seem to bant paul ryawant paul ryan for, but he's not. >> i heard you say no about the idea of tax simplification. why is that not a good thing? >> we're all basing this argument predicated on lower tax rates are going to stimulate things. companies are not using the industrial capacity they have now. they laid off workers because there's no demand. cut their taxes, it doesn't mean they're going to build another factory if people aren't buying their goods. it's lunacy to think this would fix the problem. it's not a tax problem. it's a job problem. >> look what happened in the '80s. even when nowhere cut the capital gains, investment went up. in the second quarter in this country, capital gains grew 0%. >> go ahead, mark. >> we've had a lost decade. a lot of that we did cut taxes and -- >> by the time bush put in h

i'm david asman. let's go in with mr. steve forks, author of a book called "freedom manifesto." michael is here, elizabeth mcdonald, rick, victoria, and morgan brennan. steve first to you, are government entitlements making poverty grow? >> they are. and we've had a half a century of this war on poverty. we've spent 15 trillion dollars on this thing. and we have a high rate today, almost as high as it was a half century ago. even when times are good, david, the poverty rate doesn't fall very much. it encourages all the things that keep you in poverty such as having out of wedlock births and things like that. the only time poverty levels fell were in the '90s when you had on the state level poverty reform, welfare reform. then on the federal level it worked. today we're spend ago trillion dollars a year. 126 different programs. seven cabinet agencies, six independent agencies all for naught, most of it. >> rick, that 1996 act was a thing of beauty created in a bipartisan manner with a democrat president, republican congress. don't we need another dose of that? >> you know, you ca

we're heading into the bell, so let's go to david asman. it is like the market sometimes it's an animal. a wild week and it has to rest, take a breath. as you can see, not much moving but individual stocks are moving. nicole petallides at the new york stock exchange and talk about fedex because they beat expectations, but they have a lot of warnings about the future weighing heavily on the stock today. nicole: another warning for fedex, a tough global economy not seen the manufacturers making things and shipping. you put the two things together and that makes a tough day for fedex and ups as well. cheryl: it was all about apple, crossing $700 per-share mark, just slightly above it, let's take a look. nicole: it is so fun to be an apple shareholder. above 701 today. and the iphone 5 breaking records in pre-orders. david: rim had a good day. talk of some software, so blackberry has a future of some kind, the stock was up. nicole: the truth is microsoft has been trying to make some deals on the patents they are

let's send it over to david asman. david: moving on up and moving on over. actually, we have lost a little bit of our grammar. sixty-six points. moments ago, and they did begin to settle down a little bit. as we mentioned, judy will be talking about that. it was up over 3%, now 2.5%. let's go to nicole petallides at the new york stock exchange for the have to remind everybody that we are expecting 90 earnings any moment. we will bring that to you any moment speak for of course, we have seen research in motion doing really well. it was a negative territory, but is now in positive territory. popping up over 2% right now. what is that affecting? nicole: we have seen exxon and bp to name the two also. >> financials doing quite well. we have news that is passed the pass the budget, which does call for cutbacks and other things. >> say it again, and that is exactly what we have seen. every single name in the financial industry. david: we were getting accustomed to apple losing some of its glimmer whether we didn't have the iphone sales that people thought was nece

let me head over to david asman because -- david: who would have thought those small chocolates would much. i wish i pu i'd put my money int of things. he wants t want to hear about ws happening in the market, this doesn't tell the story, we have a lot of interesting stories because so much on tap. friday the unemployment figures, the market is just poised for a move, the question is which way? let's talk about fedex because the scores indicated the worst of many people's fears, the global slowdown will impact on the stock market and certainly on the fedex price today. >> when you have a company like fedex, global economic indicator issuing a warning the first time since 2009 does not bode well for the stock. liz: let's talk about office retailers, anybody who has kids has to rush out to get brand-new supplies because the kids come home from the first day of school, too funny, right? >> it is absolutely true. back-to-school supplies, everybody i know did it and i'm sure you did it as well. david: stocks, goldman sachs in particular, talking about what happened to banking stocks genera

david asman? in fact, corporation -- going to nicole because the corporations which have fattened their dividend checks, paying the stockholders, doing well, mcdonalds, texas instruments, helps to pay the stockholderrings; right? >> it does, building shareholder value in tough economic times, all factors, and, hey, a dividend paying stock, one that increases dividends over and over again like mcdonalds, shareholders love that. liz: tale of two high end retailers. coach is taking a hit. >> right, pop and a drop. michael corp. had numbers, the full year, in the upcoming quarter, looks great, raised number, and coach, as a result, hit hard, and coach got a downgrade yesterday too. david: of all the days to have a power outage, not here in the united states, but overseas they had it, a drop of 6% in the stock as a result of that, but right when the iphone5 is coming out, right before this conference bragging about the blackberry, they are hit with a outage. >> boy, you're so right. liz: okay, we froze

sandra smith and david asman are always up and ready to go and early. they join us in a moment.to the beatles, please, the greatest band ever. ♪ >> today is the one year anniversary of occupy wall street. right now, demonstrators will attempt to shut down wall street today. and they hope to form a human wall and block traders from getting to the stock exchange. and nicole is listening to this and she will chime in in a second and first of all, your thoughts, sandra smith? >> as you've seen the video all morning and once again appear to be unorganized and violent and dozens of arrests and the same old thing and they weren't able to get fully organized and stay organized for long. this is going to be a one day thing. >> can we dismiss it and no impact on the election. >> and mobs, so-called vanguard, the social words that nicaragua did. what's extraordinary that our president was thinking of actually using, was flirting with the the idea of using them as sort of the vanguard for his political-- this group of thugs, this mob. remember andrew breitbart before he died, the outtake wh

that with my flubs and everything with david asman and sandra smith for "after the bell.". ok who i have here, sandy smith what is happening on wall street in. i want to to to new york stock exchange. about one 30 we saw the nosedive in oil, going, 2, 3, 4%. it recovered a little bit but not much. what is going on? >> there was so much speculation why oil sold off. there was talk whether the government was looking to get strategic reserves out in order to get the gasoline prices down before election day or maybe just a finger. we're still waiting for a lot of clarity on that one. sandy: nicole, fedex will be one to watch tomorrow morning. the stock ending the in the red today but they have earnings coming out tomorrow >> they said profits would not be as much as hoped because of weaker sales. it will be one to watch. it is down 1%. david: by the way i have to throw in this before leaving oil. the cme group now commented on crude. they're saying that there were no technical issues and our cme groups markets performed as designed. whatever that means. sandy will get more deepl

now forward to the fourth quarter, starting with david asman as we head towards "after the bell." e have somebody coming up who says we are heading into a recession despite his belief we are into recession, he still has stocks he thinks you should pick that will carry through all the dark times ahead. liz: for the immediate moment let's go to nicole petallides on the floor of the new york stock exchange. the market lost a little bit of ground and then regained some of it back heading into the close. if you look so what was the number-one thing that dragged us lower, could you say it was a bad chicago pmi number? >> i noticed the dollar going back and forth with the news of what we heard in spain. the dollar got jostled, by the end of the day the dollar is very strong again. david: let's talk about rim. the most important stock of the day. yesterday after hours it was trading up 18%, 5% bump is not bad at all but why did it come off of the 18% high? >> you have to think people are taking profits. rim has been under so much pressure. this week it is doing great. more subscribers, lib

let's go over to david asman. know, there are a lot of thing happen in this hour, but david steinberg's biggest holding is in gold mining stocks. it's down a little today, you buy on the dip, this might be the dip to buy on. liz: okay. we're going up. let's go to nicole petallides at the new york stock exchange with energy. for a rare moment for apple, the company, i guess you could say it missed some estimates, the stock falling on the news. >> reporter: and, you know, i don't know which way you want to look at it i. -- five million iphone 5s this weekend? that's unbelievable. it's not eight million tones, and that's what the analysts were waiting for, and that's why you didn't see it hit another new high. david: all right. well, the power of our sister publication, barron's, very strong on facebook today. they said that the right price could be around $15, the stock dropping like a lead balloon today, it's down about nine points, but google doing quite

a big, shining light has just entered the studio with me, and that is david asman. ng with baited breath to get their hands on this hour. let's just you and i talk, though, first about housing. because we got these kind of mixed signals this morning on housing. on the one hand, we had this enormous price pop, more than 11% prices went up on median home sales in august. this is the biggest price hike ever for home sales. but on the other hand, the actual sales themselves, the number of actual sales, buzz lower than -- was lore than expectations. -- lower than expectations. cheryl: i think there's a couple things going on. and i think it was a temporary blip as far as sales volume, i think you're going to see it pick up especially thanks to ben bernanke and 50-year lows on interest rates, hole ri cow. and a lot of those home-building stocks, my god, they're up 900, 200% -- 100, 200%. david: i've got to argue with you on one point, do you really think a two-tenths of a percent drop is going to get people to buy houses? cheryl: i actually think that you are going to see,

david asman was with me covering this. everyone onboard. >> that is a scary thing, we could go through it again, she said that. it could happen again. listening to her, reading her snippets from the book. like reading comments from someone who went through a cult, and deprogrammed. said it was one of the most disstays full things i -- distaste full thing in the public life. neil: bush said the same thing, it went against everything that i went through. >> because 1 yo once you get int mode there is no stopping it you have billions, and we're talking trillions of dollars once get into the bailout mode there is no stopping, it is not my money, there is e -- an endless supply because ben bernard ward can bernarbernanke can keepprinting. neil: she said, can we take a time out. >> she was anointed by the -- appointed by the way, 5 members of the fdic were appointed. she was appointed by bush, 200 2006-2011. neil: she is a republican. >> a middle of the road republican. neil: she balked at the large sums. we don't have time to d

as we get ready for what has been up pretty great they ending with the closing bell let's go to david asmanor "after the bell". >> have a candle fire? we have taken will fire at home and use a lot. with this new version $500 and claim it has as many bells and whistles as the ipad does at $200 less. it is sending stock of but let's go to nicole petallides on the stock exchange because the ancillary stuff, talking about semiconductor getting a boost because of the touch screen technology and texas instruments. >> that is how it works. everything is intertwined in this tech world. amazon might be tapped as one of the suppliers to use texas instruments. very nice using touch control how they make the touch control. liz: so broad this rally. imagine the casino na

i know david asman will be adjusted in this one. 8% of the time is the only amount of time you use your rent it out and get money. silicon valley, full of ideas. david: do you have meg whitman on anytime soon? liz: we are the ones, fox business exclusively. david: polls have a lot of interesting things with what is happening with the chips market. a little bit of that. we'll be getting to that situation precarious and could change everything, all the business plans. nicole petallides at the new york stock exchange. apple is the news of the day with their new iphone 5, but it did not get a pop. if anything it sent it a little lower. nicole: some people say is the new iphone a bore? the thinnest, most powerful, with the new camera, all kinds of features. we will see how many they sell. david: the one thing apple mentioned they did not have was beneficial to one company, facebook. excuse me, talking about pandora. they are not going to be going into radio at this time, that seemed to help pandora little bit. nicole: for now, it seems very temporarily. today there was no talk of that jumpin

liz: my co-anchor, david asman was "the wall street journal" south american bureau chief for many yearsould love to ask you a question. david: thank you very much, liz. president uribe, for those who don't know you were a very tough president. i was in colombia when pablo escobar was running around medellin. when marksest guerrillas controlled a third of country. people were throwing up their hands, said it was impossible to correct the situation. you came in. were very tough. took on the drug dealers and took on the marxist guerrillas and business came back to colombia. people said it couldn't be done. you did it. mexico is having trouble attracting business because they virtually have the same problem you did with the drug dealers. they don't have the marxist gur rile la war that you did but a lost businesses are afraid going to mexico because of that. can they use your methods for cleaning up their problems? >> 40 years ago our guerrillas were marxist oriented but they are looking for money from the narcotics. therefore the cases are quite similar between mexico and colombia. it is n

now we go to david asman for after the bell.ve: we have ron paul to talk about the fed decision and larry king to talk about the election. let's go to nicole petallides at the stock exchange. the big question, how long is this rally -- is this a flash in the pan? nicole: hard to say. they delivered everything on a silver platter and all the major averages moving for multi-year highs. nasdaq highest level since 2000. dave: i will not mix metaphors anymore but not to ask about gold. at first it looked like it was getting ready to go down but when we saw this open ended business, $35 up. nicole: open-ended business did really well for the commodities and metals and all the gold stocks up 6% today. dave: all of the banks--most of the banks looked at have been up big time. banks benefit the most from cheap money. j. p. morgan, they are to a level that is as high as it was before the trading began. nicole: the daily chart in the middle of may and you sold off after that and write back to those levels prior to the london wale crisis. d

let's talk to david asman. >> we are going to get the oracle earnings at any moment.soon as we get them we will bring them to you live. let's go down to nicole at the new york stock exchange. liz: let's look at the stocks that are up-and-down. reporter: there were some tough expectations on oracle. but you are seeing them under some pressure. david: let's talk about oil. freefall has stopped for the moment. has oriole have found a bottom here? reporter: who can tell if it is at the bottom. oil has been lower, lowered, the consumer stocks have been doing ve w

we're actually moving off of the highs right now, we were up 100 points about 1:50 eastern time, david asman towards the bell with you, unfortunately, we've lost some steam. david: well, what seems to be happening is people's expectations of the fed doing something spectacular that's going to move the markets in a major way is not happening. those expectations seem, correct me if i'm gone, cheryl, to be dampening down a little bit. cheryl: you have a 50/50 split, those who say mr. bernanke has to do something, but those who say he won't play politics, he won't play into that debate in washington, and he won't give us anything on thursday. so we'll see. david: some people would say it's a little late for that. thank you very much, cheryl. let's go to nicole at the new york stock exchange. well, let's talk about individual stocks if we can, nicole, and starting with apple. apple wasn't a big mover today, but there's so much buzz about what thai.com -- they're coming out with tomorrow, whether it's another ipad, iphone is going to do something unexpected, etc. >> reporter: that's right. it did

i think the nasdaq is still lagging but david asman take us for after the bell. ving a time today. pandora realized that apple may try to hone in on its territory. when you have apple taking in on you, you don't know what's going to happen. we will talk about that later. liz: let's get to nicole petallides. on this friday it is an exciting move here. drilling down on green mountain coffee, brewing up big gains today. nicole: they are just starting out with a whole other brand. you had some analysts coming out with buy ratings and talking positively. saw it jump 13% today. david: let's talk about gold. i know we don't usually get into commodities straight away here, but the take off of gold on the news of what's happening many europe with central banks that the fed based on today's jobs numbers more likely to print more money. how are investors betting on gold today? nicole: they are absolutely loving gold. you see gold at six month highs. you have the stock market, the equities moving higher, freeport mcmoran to name a few. those names are doing so well today. we'

they have all that coming up on "after the bell" but david asman, i will throw it over to you.ve the secrets of the success of silicon valley. there are not many bankers. when you don't get pencil pushers let's go to nicole petallides at the stock exchange. i look at the vix. if you like a five year chart for the vix, you get worried when it dips below 50. but at this. every time it gets to the level where we are or close to it, it goes up and the stock market goes down. >> the market is over infox and that is what they're talking about. and boosting the everything around here is a new multi-year high. >> talking about continual --

democratic strategist lena maxwell and david asman. thanks to both of you guys for joining us. city of new york just flushed $2.3 million down the toilet on this new bathroom the bath room doesn't look all that special, right? looks pretty normal but the parks department says the city used more durable materials that cost more up front but supposedly will reduce maintenance cost. what do you think about this? is this a valid -- this is a public bathroom in a park. looks very fancy. $2. million? i legal like in new york we have other things to spend money on. >> the point is does anybody think anything the government does will be cheaper or more efficient than the private sector? you remember when donald trump got into base because they were fixing up this ice skating rink. took years and years and were way overbudget. donald trump said let me do it. he finished the job in six months underbudget. melissa: made it totally profitable. >> such a waste of money. how fancy bathroom be. melissa: this is little triting the florida entrepreneur is pool parties for kids with wait for it,

david asman getting ready for "after the bell." e to admit i'm not that sad when oil goes down but i know some people lose money so we feel bad for them. what is happening with the market? it has not been moving in great guns over the past couple of days but have you seen the vix in the past few days? nicole petallides with a look at the vix. close to a 12 month low, is it not? nicole: that is right, if we close right here we will cloth at the august 17 number which is a five-year low. nice to have no fear. at the same time it could be a cautionary sign as well. liz: we have two key earnings coming out. bed, bath, and beyond, also a technology company, how are they looking at the close? >> they're looking slightly higher, up 1.5% a short time ago. david: we have not seen group on a very much. speak to nicole: nicole: they have all themurchi. a good day. google, amazon,

. >> david asman is joining us. john, we are hearing right now another explosion that has taken place at the pentagon. we have the heart of the financial district of america being attacked, now we understand that there is an explosion or has been an explosion in the pentagon. >> i began to hear reports of the explosion of the pentagon and i knew in my heart that aircraft. >> there has been an airplane crash an american airlines plane heading east possibly toward the pentagon. >> high visible smoek. -- smoke. >> it was instantaneous loud noise the lights went out everything was black very heavy smoke debris piled on top of me. i am pinned in my chair at my desk. >> as i got closer a pile of debris what looked like a face. couldn't possibly be a live person. then i thought i saw it wink or blink. i yelled for help and from outside came the commander. >> it felt like a furnace in there. couldn't believe any one was alive. i saw captain thomas who was trying to pull some debris i looked up to my side and i saw mr. henso

david asman will have live coverage and reaction as research in motion and nike report after the bellto miss those programs. there are two big earnings reports today. lori: i will be watching. let's check the markets with nicole petallides on the floor of the new york stock exchange. nicole: we are looking at the dow that is up just about 100-point. let's take a look at the mattress makers. you are looking at sealy corporation. there you go, up 2.4%. tempur-pedic is up 17%. off of its earlier highs. they have agreed to acquire sealy and the deal was a $1.3 billion deal. they will work together. back to you. lori: thank you. a touchdown for football fans after three weeks of bad calls. the green bay packers lost the game monday night because of the call. the nfl and referees union have reached a tentative eight year agreement. peter barnes has this story. >> i am relieved. good lord. you have to love this. yeah, right? lori: touchdown. >> don't want to do that too much. not too many puns here. regular officials will be back at work tonight aired the lockout has been temporarily suspend

. >> let me bring into the conversation david asman, my colleague. what can you tell us? the things that is of greatest fear is that there is yet another terrorist attack since those two plane crashes happened within 20 minutes of each other, all of manhattan has been sealed off. this is probably unpress departmented, of course, all of this is unprecedented in this dastardly occasion. but manhattan has been sealed off. the hudson river bridges and the tunnels have been sealed. clearly there is an attempt right now to thwart any further act of terrorism, act of violence against the people of manhattan. so manhattan is in a lockdown. >> we are hearing right now, another explosion that has taken place at the pentagon. we have the heart of the financial district of america being attacked. now we understand that there is an explosion, there has been an explosion in the pentagon. the heart of the military command center of the united states of america, john. it can't get much worse than this, let's hope. >> you got to believe that it has happened again, another large airliner,