. >> i am dennis flynn, and we have opened the gates from 8:00 until 5:00 as requested. we have never had it closed eyes of my knowledge. that alley is the no parking zone. -- we have never had it closed as of my knowledge. that alley is the no parking zone. goowe have kept the gate open to comply with requirements, and we do not see a problem with that. >> are you finished? i just have a few questions following the appellants presentation. it was stated keys were requested but not provided. alas hearing i understood the permit holder would -- at the last hearing i understood the permit holder would provide keys to anyone who requested keys. >> i think they've provided it. i am sure they got it. like how are you sure they got it? >> i am not. >> what can be done? >> i have to see who it is. i am not sure they did not get their keep year ago -- their key. >> i just need accountability on the key. if it was left open, it needs to be done. if the gate was closed when it was required to do the kept open, who was the person from your company to complain about that? cracks are

dennis: stocks now, phil flynn watching oil and gasoline prices and nicole petallides at stock exchangere actually still roaring up. nicole: the market right now up 41 points. this tax on to yesterday's game on the heels of what we heard from the federal open market committee putting everything forward. bond buying and extending low rates and on highly accommodative fed moving markets to multi-year highs. the nasdaq is the highest level since 2000 and take a look at kraft and united healthcare and that is because kraft as of sept. 20 first is out. united healthcare into the dow jones industrial average. they're sitting on their north american business. they will be called -- kraft foods will be renamed montana international and it is one of the big losers on the dow jones industrial average second only to intel which gave a weak outlook. that is the latest on the stock exchange. what is going on in chicago? phil: a lot of excitement. oil prices above $100 a barrel earlier today on the fed accommodation but also on concerns about a middle east that seems to be going wild. we are seeing o

dennis: thank you very much, phil flynn and nicole petallides.government take the wrong approach? here's what former fdic share sheila baer had to say on "markets now." >> we did not take the right approach, we learned a lesson from history that we thought we had learned when everybody criticized japan. tracy: hindsight is 2020. our next guest blames the handcuffs of bank regulation on lending. author of "saving the american dream." thank you for being with us right now. you would have thought we learned our lesson after sarbanes-oxley, right? costing them hundreds of thousands of dollars, doing it all over again, aren't we? >> that is right. a long history of policies designed to make the achievement easier and it undermines everything we're working to achieve. tracy: if you could have interviewed sheila baer, what would have asked her? speak of the biggest issue for me as a lot of those policies did not factor in. the big difference between large banks and community-based institutions really supports the basic dream, job, mortgage, auto and edu

dennis: thanks to our entire all-star panel. a great job. appreciate your time and your insight. cheryl: phil flynnf and nicole petallides, we really appreciate your time. coming up, big guys coming in the hallway and lou dobbs and gerri willis joining us now with their take. dennis: on the fed decision and we will hear what they would ask ben bernanke at his news conference coming up in an hour-and-a-half. cheryl: we are joined by the big guns that fox business, lou dobbs and gerri willis on search and phil flynn at the cme and nicole petallides on the floor of the stock exchange. facing the news media two hours from now. really has to address the extended purchase. >> one question he will not have asked of him is couldn't you have done more? he has simply rolled up all of the weaponry and here we go. there is nothing more he could have done to drive these markets. the fact is he has taken the opportunity to support the housing market, mortgage-backed security purchase program. in my opinion says we are here and we are going to stay here. if there is a weakness in the house and market it is not be

dennis: thank you very much, phil flynn at the cme.tart for the former host of that nbc's today show. she scored the highest ratings mark for a new talker and more than a decade. it got a rating of 2.8% of all tv homes in the u.s. last time it happened at that high level 2002 with the premiere of doctor phil. cheryl: with obregon, who are the big celebrities going to go to? dennis: we look at day two of that chicago's teacher strike with no end in sight. parents have to skip work because they have nowhere to bring their kids. cheryl: everybody rise, judge napolitano is here to give us his take on the chicago's teachers strike. ♪ [ female announcer ] they can be enlightening. hey, bro. or engaging. conversations help us learn and grow. at wells fargo, we believe you can never underestimate the power of a conversation. it's this exchange of ideas that helps you move ahead with confidence. so when the conversation turns to your financial goals... turn to us. if you need anything else, let me know. [ female announcer ] wells fargo. togethe

phil flynn at the cme with how you can play it. dennise makes a rare long term as the i phone 5 goes on sale and the company getting blasted for its decision to replace google maps. cheryl: speaking of apple it is the top of the hour and stocks every 15 minutes. nicole petallides on the stock exchange. there's so much going on with apple. where do we even started? nicole: let's start with the share price and it hit another all-time high for apple again on this the day the iphone 5 is available in stores. you saw the lines outside the apples for and i saw the line that the verizon store. apple is up almost 1% and traded as high as 70507. research in motion is down 6%. the ceo finding himself apologizing because in europe and in africa there were outages for the blackberry users for of to 3 hours they couldn't access e-mail. that is a huge problem on the same day the i phone 5 is coming out. let's look at the dow up 1/4% and the nasdaq up 1%. connell: dennis: mitt romney says the campaign is about the 100%. the fallout continues from commen

dennis: oil in the fluxes given the turmoil overseas. phil flynning by the cme. >> considering the fact of the world going crazy, oil is hanging in there pretty well. we had a surprise and oil inventory. that is a 4.5 again swing versus that swing. oil imports from canada, believe it or not, help offset the losses in the gulf. that is why oil prices are under pressure despite this crazy world we live in. cheryl: charlie brady was right this morning. he called it about 7:00 a.m., i don't think we will see a big jump in oil today. john bolton is the head and what the u.s. needs to do right now. dennis: plus, we are less than an hour away from the unveiling of the iphone five. can it possibly live up to all that hype? mark madsen on how you can play the latest news out of europe, cheryl. cheryl: first, let's take a look at metals. ♪ [ male announcer ] let's say you need to take care of legal matters. wouldn't it be nice if there was an easier, less-expensive option than using a traditional lawyer? well, legalzoom came up with a better way. we took the

dennis: thank you. gold is hitting a five month high today. phil flynngroup and fox business contributors watching all things shiny. phil: we are seeing silver flying saucer. what are talking about? a saucer bottom in silver. that is what traders are talking about. silver created tactical tops or bottoms which historically is one of the most bullish ever for silver going to the 1970s and always portrays a big move. mario draghi sanitized bond buying helped stimulate and finished his formation out today. a lot of freighters calling central bank on an -- money-laundering. a lot of traders betting that silver will taps $37.50 if not $40 in the months to come. gold and silver and platinum are looking to follow this market as well and copper looks like it is on the verge of a break out. gold and bulbs and metal bulbs you got to love mario draghi with the bounce today and may be for weeks to come. cheryl: amazon about to unveil new line of e readers. will they be ipad killers and should you buy into the stock? dennis: air fares on the rise. how you can play it

dennis: gas prices up $0.13 a gallon. where will price is the come november. phil flynnws contributor knows the mall from the florida cme. >> i was going to say don't worry. look at gasoline prices. they are leading the crude-oil market higher today. where $0.05. we had a dramatic drop yesterday but today there is a refinery fire in venezuela and if you look at the inventory numbers gasoline supplies are not that ample. we are swimming in crude supplies but our gas supplies are below normal for this time of year. put together we see a rebound in gasoline. hopefully this refinery issue in venezuela won't be a big deal but it turns out to be a big deal gas prices and gas supplies could tighten a little bit and take away the expected break at the pump in the next couple days. dennis: thank you very much. cheryl: farmers are getting into gear. gain prices are still high the record harvest may result in lower prices for american consumers. jeff flock is covering this story in illinois which is literally down on the farm. jeff: is actually a record harvest not just for the siz

dennis: the price of corn. it is taking a hit. let's go to the chicago. to find out why. phil flynn is there. >> we are seeing corn going down.he commodity complex has been a crush. concerns about spain taking over a lot of market. that is not really what the grain traders are talking about. they are talking about this russian grain than on monsanto corn. it could cause cancer it is what are saying. a lot of traders are laughing it off. they said that this has been tested over 100 times. this is the first time a study has shown any signs of giving someone cancer. they are not buying it right now. they are not worried about it. very bearish on court today. there has been some unconfirmed reports of an refinery explosion in canada. we have only heard it from local radio reports. it is impacting the price. they were under pressure with crude. this is one of the few other refinery mishaps that we have heard about this morning. this latest one is getting the shorts to cover. our bob of today. dennis: thank you. cheryl: what did disasters like last years tsunami in japan mean for insurance? we will tell you where the money is actua

dennis: be not afraid, nicole. thank you very much. friday, we talked about gold. the metal is not shining very much today. phil flynnm the cme. >> gold is down $12 today. it got some bad news overnight. the confidence hit a 2.5 year low. concerned about whether the european union in germany will be able to get together with friends on a bank bailout. technically, gold is hanging in there pretty good. they believe in it so much that they added it to their positions last week. 7.7. if this is a selloff in gold, they are not jumping out just yet. gold is hanging in there under pressure today because of the euro. it has not broke key support yet. i think it will hang in there. i have not given up on this market yet. dennis: thank you very much. cheryl: iran's president further igniting tension. dennis: facebook releases your information to a data collection company and an effort to make money. the judge is here and he is fired up. ♪ [ male announcer ] if you believe the mayan calendar, on december 21st polar shifts will reverse the earth's gravitational pull and hurtle us all into space. which would render retirement pl

dennis: thank you very much. cheryl: the rain from isaac, too little too late in many areas of the drought stricken midwest. phil flynngroup and fox news contributor in the pit's of the cme. >> it was too late for most of the crops. it missed some key areas in illinois and other areas. that is why we are seeing the bean market higher by 10.5% today. to think that this drought is going to go on four some time, the impact it will definitely be felt. we had a new warning today from the un. this is going to be a crisis if they do not do something and they need to act. we will have to keep an eye on these grain markets. back to you. cheryl: phil flynn, thank you for keeping us up to date. it is quarter till the hour. time for stocks now. nicole: tracy, we are looking at valley pharmaceuticals. this is obviously at a premium of -- you can see both of these names jumping. it has become so huge in the u.s. the dermatology market. some of the products they have been getting is a prescription acne tablet -- everyone knows it is a hot growing market. that is the big deal that we are looking at. $2.6 billion. the dow down 80 now.