elizabeth mcdonald's bottom line coming up. dennis: calling for u.s.cal weapons. are you kidding me? he wants us to pay to get rid of them? that is coming up. ♪ with the spark miles card from capital one, bjorn earns unlimited rewas for his small business take theseags to room 12 please. [ garth ] bjors small busiss earns double miles on every purchase every day. produce delivery. [ bjorn ] just put it on my spark card. [ garth why settle for less? ahh, oh! [ garth ] great businesses deserve limited reward here's your wake up call. [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose double miles or 2% cash back on every purchase every day. what's in your wallet? [ crows ] now where's the snooze button? [ crows ] always go the extra mile. to treat my low testosterone, i did my research. 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

first to elizabeth mcdonald for the message on the economy which is why the president is out today. elizabeth. >> good to be with you bill. the president talked initially about what the white house did to stop the financial crisis, talked about the bailouts ab talked about rescuing the autoindustry. just want caveat here no mention that the t.a.r.p. program started under bush but he did cite the collapsement of banks and markets plummeted and talking about how the economy was shrinks by 8% and noted they have add ad 7.5 million jobs no mention, though, that the labor force participation rate is declining and steadily declining and unemployment rate is low because people are dropping out of the work force. but it did say another headline bill, that the rules, governorring basically the banks, should be completed by the end of the year and the upcoming budget finds he is going to scary focus on creating jobs possibly more spending for transportation and communication, sending back to you, bill. >> elizabeth working out my colleague overt fox business network to our viewers at home stay

elizabeth mcdonald and sandra smith for their read.a, what would be the impact you sense from guys you talk to if it comes to that, even a temporary shutdown. >> a knee-jerk reaction is merely the word i hear. a lot of traders looking at 2011. we did get a selloff and stocks rebounded. we expect volatility but the stock market is more a reflection of the weakness in the economy. business orders are down, wal-mart saying they're decreasing orders. there's a lot of bad news on the economy and you had a stock market that ran up to record highs and now it's being tested. so a lot of traders say the potential government shutdown might be more of an excuse for the selloff. >> neil: interesting. another thing, i imagine more important to these guys is the debt ceiling quagmire. if we don't raise the debt ceiling and there's a risk of a default, that takes center.@%p stage. >> you're right. sandra pointed to that when we talked about 2011 over the debt ceiling fight there. the market sold off 17%. the s&p dropped. but for the year it gained 12

elizabeth mcdonald from the fox business network with me now. e.nately call her, explain these fines. >> they're big fines. they come from office of the comptroller of the currency from the federal reserve, the s.e.c., and from a uk authority. the biggest one is the $300 million whopper from the occ. $920 million in fines. and basically what we've seen is a rare admission of wrongdoing by a bank to the s.e.c. basically saying that yes, there was egregious breakdowns in controls in governance, and they put shareholders at risk. so jpmorgan and the london whale trade is basically a story of basically misleading investors, misleading, and misinforming regulators, harris. >> yeah, but there could be more. >> yeah, there could be more. this space is 18 probes and they've already spent $22 billion on basically fines and penalties since 2008. and today, too, not a good day for jpmorgan chase, harris, they also paid $389 million, 309 million of that was refunds to credit card holders basically the government saying that the bank misled credit card holders

elizabeth mcdonald now from the fox business network with me tonight. what's the ceo of aaa saying?e's saying. basically paying less than $3 for gas is automotive history. he is saying that's basically taking away the 8-track tapes or going to a drive-in movie. he's also saying that expensive gas is here to stay, bill. and we saw it -- basically, for most of that 1,000 days, gas stayed above $3.50. i'm not sure americans realize they're paying more expensive gas than ever. >> it's like a new normal when you drive by now. >> that's right. >> which states have the cheapest gasoline? >> well, the cheapest are south carolina, mississippi, alabama, virginia and tennessee. but i'll tell you something. the worst have always been on the list for some time now. and that's alaska tops the list. excuse me, hawaii, california, alaska, connecticut and new york, bill. >> filler her up. >> that's right. >> stay with me a moment here. the obama administration now urging the feds to change the rules over cell phones. would have to unlock their phones that would make it easy for folks to switch their

by the way elizabeth mcdonald will have more on the microsoft deal in a minute or two.ssional leaders on both sides of the aisle throwing support behind the call for president obama's to have action in syria. as the senate foreign relations committee hold as first of series of hearings into this military intervention. rich edson at the white house with the latest. where are we, rich? >> reporter: hearings begins. first of a series of hearings starts in half an hour. we'll get the senate foreign relations committee. senate committee tomorrow and house hearing tomorrow. by next week the house and senate could be voting next week on this resolution. there was a briefing earlier today at the white house. president obama, white president joe biden talking with 16 lawmakers. in the end it is clear house leaders are in support. >> the use of these weapons has to be responded to and only the united states has the capability and the capacity to stop assad and to warn others around the world that this type of behavior is not going to be tolerated. >> president obama did not draw

mcdonald's shares. dagen: alcoa getting booted. connell: a big story today. we talked about it earlier. let's bring elizabeth macdonald and., well, people followed this. we have not seen this big of a change in quite some time. >> the dow would be of nearly 560 points if those three stocks have been added on january 1. here is what we heard from the index managers. they are saying that changes are prompted by low prices. they wanted to make these changes to diversify the dow. the changes will not affect the level of the dow index which is up 50%. they made some real eyebrow raising statements on the conference call this morning. they did consider putting google and. they thought that would completely distort the index. i asked them why nike. they said they wanted to diversify the consumer index. the fact that they are talking about knocking out the three lowest price stock, ge is still the longest running stock in the dow. big changes coming to the dow jones industrials today. connell: thank you very much. more from liz throughout the day. dagen: the motion picture and sound recording industry lost 22,000 jobs in just the