lauren simonetti in new york. staying cool with that ac. see you again tomorrow. >> yes, i have my little banquette on too. see, will? >> i see that. good for you. see you tomorrow. >> still ahead be a plan to -- still ahead, a plan to bring a casino to prince george's county hits a snag. we'll talk about that.  >>> that is right. get ready for another sweltering day outside. it is expected to be the hot of the day of our mini heat wave we've got going on here. there are several cooling centers hope around d.c. now and also a bunch of spray parks will be operating to help you beat the heat. because of the warm weather, metro will also allow to brick and drink water on drawns and buses today. you will need it. -- allow you to bring and drink water on trains and buses today. >> did you see lauren simonetti has a bank oat her lap because it was so cold in the newsroom. >> hopefully, you have the benefit of working in a place like that. >> some people are working outdoors. lots of water and stay cool. temperature today will be in recor

lauren simonetti with fox business network is live in new york. happy monday. >> happy monday.ow was the weekend? >> it was great. we had great weather here. >> let's begin with facebook if we k the company forking over i think i read $10 million to set i'll lawsuit. what's going on. on their one-month anniversary of being a public company, we are telling but a lawsuit. facebook paying $10 million to set i'll suit that claims the social giant violated its users' privacy. it did that may bimaking public their lines and using them on what is called a sponsored storey. a responsorred story would show a friend that another friend liked a certain company or bran or advertisement and that friend ebb dorisment carries more weight, up to three times more weight. the problem was the users were never paid or told and that is why facebook forking over the money. >> facebook stock down too, right? >> yeah, 20% since the i approximate po one month ago. >> ouch. this next one caught our attention. later today, microsoft hosting an event saying we don't want to miss it. i think that is the qu

joining us is lauren simonetti from the fox business network. >> it is a tax cut for those in place.le the size of the u.s. economy over the next 20-years. they are set to expire at the end of this year. it would be a short term one they say short term pain is necessary for the long-term gain. >> definitely a concern there. google is going to be warning customers about possible attacks from outside countries. >> literally if you are a google user you will see on your computer a banner that says warning we believe there is an attack on your system. you should protect yourself now. as a user you have to wonder how do they know that there is an attack going on and how do i protect myself. the first thing is google is not going to tell you how they know. that would be compromising information. if you were lack to go protect yourself change your pass word update internet browser and software or not clicking on anything that is weird. >>> counterfeit goods just exploding. >> remember the counter fit bags? they were every where. that's not as much of a problem right now. we are talking huge

joining us is lauren simonetti. what does this mean for home values? >> the numbers show a 16 percent rise in foreclosure filings over may of last year. this means home values are likely going to go down. even if your home is not in foreclosure we are faor facing for foreclosure that brings the value of your hometown. prices are going lower. >> gas prices going lower. still averaging about 4 nap mentd>> colling r. >> conway north carolina lisout for gas. people lining up because people know it's not going to go lower. talking $5.02 months ago. >> people are bringing their jugs literally. >> what is the financial value of daddy duties around the house. people ran the numbers. >> if you are going to pay dad for killing the bugs and mowing the lawn he would make about 20,000 dollars a year. moms make more for doing all of the household chores. she makes about 60,000 a year according to this study. the good news is despite the difference in what they do how much they are paid for it is that dad is making more as the years go by because he's doing more of t

. >>> joining us from fox business network is lauren simonetti.estor confidence way down 8 points on the heels of the bad reports. >> taking a nose-dive on the dispinting jobs reports. yesterday 93.5 from some perspective. if you take a look we were at 101.2 on day 27. confidence is typically 5,000 dollars invested in some sort of stock. >>> ms global now trying to figure out when exactly who knew there were investor funds being dipped into. >>> executives at ms global end with each other end with the group. it has been 10-days since the company went belly up. the money was a cushion. we have he in the end a $6 million short fall. >> no one is accused specifically of wrong doing. interesting. >>> none of us want to hear this. a top financial executive saying that we might all have to suck is up and realize it will take until we are 80 to dig us out of this hole. >> we will have to work until we are 70 or 80 years old in order to make up with the debt crisis because we are shouldering the increasing life expectancies all of the risks and burden on

joining us with the details is lauren simonetti of the fox business network. >> this is a huge bust?> they saved a lot of people with credit cards. you can see two different men, two of the hackers two of 24 leaving federal court yesterday after law enforcement officials arrested them on both continents it looked after the situation for two years posed az-zahir hakimers on-line and they were able to stop this. some got 40 years in prison. consumer confidence continuing to drop. >> the conference board puts out a consumer confidence number. this one hit a five year low. it is making us not want to spend our money. gas prices are cheaper right now. that's like extra money in our wallets. >> everybody thought with the gas prices lower it would change. apple, samsung tablets. >> these are the two big tech giants already duking it out. a judge rules samsung has to stop selling gal lax see after the claim it illegally copied the ipad. they look virtually identical. they are going to face other patented issues when they go to court again in california next month. >>> hard to make it look to

joining us with more on that is lauren simonetti from the fox business network.nks for joining us. >> good monday morning. >> what is the latest news? >> for stocks and investors looks like a great morning. european leaders bailout banks to the tune of 125 billion door kets. turp european stocks are up in the u.s. >> we want the numbers to go up something we want to go down gas prices and they appear to be doing that. >> they have gone down according to the lundburg survey. >> by 16 percent over the last three weeks here is your national average 3.62 a gallon. relief for drivers out there. >> very good news there. apple gearing up to announce some new product wills in san francisco. >> it is the annual worldwide developers conference. >> they are expect to do announce updates to the ios 6 update system in the ipad so photo sharing we can get google maps out. >> i love all that stuff. i have gotten into the photo apps lately. saw yours. >> thank you very much. appreciate you joining us as always lauren. >> lleyton morr-- clayton morri will be live. he will be on f

. >> lauren simonetti thank you so much. that meeting taking place today. >> we are following your dpooirgs weather update with maria molina. she has more on the heat wave. >>> good to see you this morning. happy birthday summer finally officially kicking it off across the lower 48. we are looking at conditions that will feel like summer across the atlantic and across the u.s. we could be looking at record setting high temperatures this afternoon. when you tack fotore in the humidity it feels even hotter. first very strong storms that are currently rolling across portions of the north central u.s. dakotas minnesotas and we have had reports of flash flooding across this region. you can see heavy vain coming down -- rain coming down. we could be seeing large hail and damaging winds across nebraska. grab the umbrella stay alert if any severe weather warnings are issued across the area. southward south florida will be dealing with a lot of heavy rain not just today but over the next several days. we are expecting several inches

joining us is lauren simonetti from the fox business network. they had $800,000 of our money on that conference. >> remember that shindig? don't couldn't stop talking about it. they are denying bonuses to officials. this is respect for taxpayers. >> i never understood how government officials can get bonuses. >>> let's talk about this more american families are 3406imovi together. >> they are doubling up to deal with the economy. between 2007 and 10 we have 11 percent increase in adults living together. if you look at younger kids moving back with parents the increase is just about 16 million of them. that is bad for the housing market. >> from 1.2 million to over 15 million. >> right out of college you can't get a job. >> normally these people might be buying their first home. >> that's what drove the housing market because it is not recovering because kids aren't buying homes and all of the furnishings going with those. >> airlines might be forced to pay hefty fees. >> have you flown somewhere and your luggage hasn't followed you? airlines sho

joining us with more is lauren simonetti with the numbers. >>> you said a 35 percent decline. take a look. it is down from 103,000 in 20005. that is the age group that has a mortgage that put kids through college. get the best education you can get the heist degree you can. it pays off. if you get a bachelor's degree you make more than three times than someone who just graduates. >>> this is like the yelp for the banking industry. consumer protection financial bureau is launching today a web site where they can go on and see what other people said about doing business about certain things. the banking industry says it is very gossipy and the big banks will be targeted the most. they have the most customers. there were 45 thousand in one year. 17,000 of those relate to do credit cards and most of those the latest buildings. >>> microsoft taking a bite out of apple. >> it could be the ipad killer. i don't know. microsoft new surface tablet does everything the ipad does not. i have one for instance i buy a lot of accessories to go with it i bought a key board and stand. the new s

lauren simonetti from the box if is n business network has more n that. >> difficult to look at your01 k's. the dow down again yesterday. new closing lows down 17 points at the end. negative for the year. we are looking closer to 11,000 than 13,000. it is rough on wall street. >> facebook stocks a big flop. >> 11 days ago it became a public company. it closed at a new low 26.90. the tradeling days are down in 7 of them. it is pretty ugly. they are facing becauses and everything else. >> men and woman are salary capped. what are the ages? >> starts right out of college. 9,000 dollar difference between the genders. then we both see the same sort of increases until the age of oh 30. that's when women start to flat toe at 29 years old at 60,000 dollars but men keep making money all of the way to 48 with average of $95,000. this all comes from a compensation firm>> go oo. >> it is 17 minutes after the hour. the comblier of new york wants to ban soda. but pot? that's okay. the airlines and hotels nickel and diming you more than ever. there are ways to get arounded that. your ticket to savi

joining us from fox business network with more on this is lauren simonetti. >>> it is pretty ugly for the budget deficit. this is the 4th year in a pro where we are running a deficit of more than $1 trillion. if you look at the damage done in may a spending increase of 30 percent. deficit of 31.3 percent. >>> verizon wireless is called share erg plan. literally it's that. verizon wireless wants you to put all of your devices on its network. under these plans between 50 and 100 a month you can hook up to 10 devices and pay for each of those devices the tablet 10 a month. it depend how much data you want. it signalled it might do something similar but t mobile and sprint not yet. >>> talk about a party. it was an 88th birthday party a former president will never forget. here with all of the detail ainsley earhardt. >> yes, george h.w. bush has a habit of doing something outrageous something big and out of the ordinary on his birthday. the former president parachuted out of a plane when he was 75, 80 and 85. now at 88 he is celebrating on the red carpet with his family and friends. they

with more on this is lauren simonetti from the fox business network. start us off with good news. >> we have lots of invest gores breathing a sigh of relief. dow up 287 points back in the black for the year. awesome gain for major three averages. they think their crisis are actually going to do something. >>> speaking of someone doing something facebook ipo. >> rlast month it was a mess. now the nasdaq is going to do something about is it. they are going to give the brokers and trading firms 40 million in cash or in trading fees. it is raising a whole bunch of concerns. they are saying that's not enough money we lost a lot more. the new york stock exchange the nasdaq's chief rial says you can't reduce your fees. that's not right. >> maybe not a smart move for them. see what happens. >> smart phones samsung could be giving apple a run for their money. >> apple and samsung are neck and neck for sales. galaxy s 3. you cannot buy it in the u.s. apple is saying not so fast. we think you are copy catting us and two of our patents. they have asked the court t

joining us now with more on that is lauren simonetti on the fox business network. >> good morning.his ponzi steam is right up there with bernie madoff. allen stanford the texas billionaire from ma hey awe texas. he sold them cd's and said those cd's were invested in stocks and bonds but he awed it for shoddy real estate investments. he made the forbes list of the richest people in the world. that's what he did in front of everybody else. >> if you are thinking of having baby how can you expect it will cost to raise a kid. >> for a regular middle class family nearly $235,000. this is for child care, education, food, housing. these costs have all risen to the tune of 3 and a half percent in one year. the courts use this kind of data to figure out child support issues and everything else. that's for a middle class family. it goes up with the money you make. >> that is precollege. >> what about youtube. they are going to start charging us to use youtube? >> a youtube executive thinks the fees are on the web. they are thinking of charging for content. particularly the content from cable

joining us is lauren simonetti from the fox business network. thank you for joining us. >> ben bernanke was quite the party pooper yesterday. we were expecting and wanting him to say he would do something to boost the economy given us the job numbers have been disappointing and everything else with the european debt crisis. he didn't say that. he knew the fed would be able to act but right now not the case. >>> credit card use going down. >> this is because of the weakening job market. if you don't have a job you don't feel as confident swiping your credit card and taking on more debt. the federal reserve said we increase by borrowing $6.5 million. that was half of what we saw in march. >> people looking to save money on gas. chevy is saying it's next version of the volt is going to beat the prius for millage? >> it gets better millage than the plug in prius. volt gets equivalent of 98 miles to the gallon verses the prius 95 miles to the gallon. that is mega mpg. >>> these are the electric versions of the car. >> yes. but you know what since gm

lauren simonetti with fox business network live in new york with the business beat. >> good morning.so a little choppy yesterday where you are. what is the prediction for today and how do we fare at the closing bell last night? >> yeah, everybody sitting on their hands both yesterday as well as this morning in the futures market. we have the big eu summit kicking off tomorrow but nothing will happen during this summit but unvestors are hoping that something happens plus we get the health care ruling. that is what has investors cautious. we were completely oversold on monday. stocks tanked, came back a little bit yesterday, up 32 points on the dow but like i said, pretty flat this morning. we'll have to wait it out. we get housing reports. that could be key. >> in the meantime, really interesting look at what we are complaining about while we're on the job. what did this study find? >> if boss out there want to know what your employees say about your back, they found out that nearly 75% of employees say they hate at least one company event. you know, all those things we have to go to

lauren simonetti with fox business network is live in new york.ood morning. >> good morning. >> happy wednesday. we are inching closer toward the weekend, right? >> yeah, favorite day of the week, hump day. >> let's start off with the markets. not too bad yesterday. it sounds like the fed may have played a role in that, right? >> everyone is expecting the fed to do something to stimulate the economy. they have several options. none of them are going to be mind blowing or groundbreaking but stimulus is like candy for traders. they love it. so the expectation is the feds are going do something. that is why the dow was up 95 points yesterday. we'll find out what happens this afternoon and then around 2:00, we'll hear from fed chairman ben bernanke would will speak to the media. we'll able to ask him questions about what he think abouts the economy and everything else. tomorrow, we'll be talking about what the fed actually did announce. >> sort of bernanke's prejoax for our economy. let's switch to the tablet use. apparently, it is exploding according

me, especially, i like my job when i get to chat with lauren simonetti with fox business network.re were you last week, a little vaca? >> yeah, i went to italy. i just got back. i'm barely fitting into my dress because of the pizza. it is also good to be back. >> think you've got a tan there. not so good for the mark oats friday. stocks suffered their worst decline of the year, right? >> yeah, pretty ugly on friday. down 275 for the dow. here is the thing. now negative to all of 2012. it was all because of that terrible jobs report. just 69,000 jobs create last month. then you got a disappointing manufacturing report in there too so it was a pretty bad day. ill love to tell you that it is looking better this morning but u.s. stocks are once again in the red. >> all right. retiring at the age of 80. that is another oh, boy. i guess we better love our jobs. it is the ceo of aig that is pointing to europe's debt crisis, right? >> he made these comments at his villa in croatia. made the comments that we'll work well in our 70s if not 08 years old before we get to retire because we are

lauren simonetti is live with the business beat. >> happy friday. >> microsoft has a big announcementing up. something to compete with the ipad perhaps? >> yeah. well, it has been talked about for so long and now it might finally be a reality the we think this because the media, certain media people, not myself, got a very weird invitation. a super secretive invitee to microsoft event in los angeles on monday. they don't even know the time of this thing essentially. and people are saying, all right, we think this is it. we think that is the microsoft tablet t would reportedly run on a version of windows 8. it is competition for the ipad but also the fire. we'll see where and if microsoft enters the spectrum. >> can't wait to see what they have to say. it is costing more to raise a child these days apparently and we've seen a bum np that price and what it take to raise a why would just in the last year even. >> the average price for raise junior, just about $235,000. that does not include college. you add college into that, you're in trouble. it is speptsive to be i mom and dad. >> i d

joining us is lauren simonetti. >> which company saw a boost after the decision? >> hey, patti ann. good morning. healthcare companies did really well particularly at hospitals. up almost 9 percent. the big winner is universal health. we s it was a pretty good day for some healthcare related stuff. >>> in other big news new car prices are down. >> believe it or not they are. this one is from kelly bloomberg. consu consumers buying cars can save 500 on their purchase this year compared to last year. the japanese brands has the best savings. toyota prius you can expect to save 425 bucks if you bought a prius this year compared to last year. >>> you got the scoop on the best chain restaurants. >> don't say you don't go to the chain restaurant patti ann. you need to stop into tgi fridays or something you do. when you have to you do. >>> consumer reports ranked these as the top restaurants. you have biaggis black angus, bob evans bravo, first watch but they did rankings in terms of where you get the best and worst tips. we will show you the worst tipper first the worst tippers would be a

lauren simonetti with fox business network is live in new york with this morning's business beat. od friday morning, lauren. >> good friday morning. finally we get to say that. it has been a great week on wall street, believe it or not. it might be the best week of year if we do okay today. the dow was up by 46 points yesterday but the nasdaq and s&p 500 fell. it was kind of of like a tug of war between good and bad yesterday. good was that cut in interest rates. jobless claim came in better. but the bad was what ben bernanke said. >> that joble rate, the number of unemployment claims going down, do you think that helped a lot. i would think it would but is it too much a little bit too late? >> well, it is a very volatile measure. it gets reviseed a couple of time. so you have to look at the trend. the trend rose. the four-week moving average was up. you look at the jobs report we got from may on friday and that was abysmal. this is a much smaller report. >> let's move on to credit card usage. i rarely carry cash. i usually do the debit option on my credit card but we are talking a

lauren simonetti with fox business network is live in new york. good to see you. >> good morning. >> i can't wait to talk about microsoft's big announcement. let me start with the big picture with the markets. kind of an eh day at closing bell. >> best way to put it. it could have been a lot worse after those calls for spain to borrow money surged. we forgot about spain and greece. we are talking about the federal reserve. and goldman sachs said when policy makeers meet today and release their decision tomorrow, they will do something to stimulate the economy. and honestly, incident vestors and tradeers on wall street are expecting the fed to act. if they do, they will see such a rally f they don't, who knows what is going to happen. but in the meantime, effect is sitting on their hands right now. >> nothing wrong way little stimulation. giving apple its biggest competition yesterday yetunde, it is called the surface. talk about that. >> have you seen it? >> i have. it is so cool. that keypad looks so neat. >> i know. that is what i think. and i'm

lauren simonetti live with our business beat. >> the knack is paying up after that botched facebook iporom last month. >> we can't forget that one. nasdaq says it will make a move to offer $40 million to trading firms in both reduced trading fees as well as a cash offering. but this is when a left controversy. many of the firms are saying $40 million is not nearly enough to cover our losses. remember the stock, it opened about 0 minute late and then many of the orders were never confirmed. the new york stock exchange is weighing nnd say we also fought to get facebook listed on our exchange and now not only did you mess it up, you will also reduce fees to attract further business. that's not fair. the war continues on this whole facebook controversy. >> it certainly does. perhaps is lowering the retirement age to 60 from 62. before we all start moving to paris, there is a huge cost apparently. >> it will cost in the first year about $1.4 billion in increased taxes and everything else for the people in france who did work but of this a new socialist president now and he made a move to do

lauren simonetti has this morning's business beat. good morning. >> good morning. >> things have been a little shaky on the markets. what can we expect today in. >> i mean we have north down arrows today but they are not steep which means we have three hours so there certainly can be a turnaround come the opening bell. if you were watching yesterday, don't look at your froirchg. another decline for the dow, down 17 points. new low for the year. it is looking like 11,000 is a lot close are than 13,000 at this point, right? but the nasdaq and the s&p 500 were able to eke out a gain and snapped a three-game losing streak. that was the good news. >> i will not look at my 401(k). let's talk a little bit about starbucks. it is adding some more food to its menu. this sounds interesting. >> this is very exciting to samantha runnion someone like me who loves the brakery section of star balks. they bought la boulange bakery for $100 million. by early next year, starbucks will have that bakery redo its croissants and cookies and all its baked go

lauren simonetti with fox business network is live in new york with the business beat.d morning. >> reporter: good morning. it was like yesterday, like monday never happened because everything we lost on monday we gained on tuesday. it was a great day. broad-based rally up 163 points for the dow industrials. this morning, we are looking flat. retail sales come out in about two hours so that is a market- moving report. we'll be paying attention. >> we will. consumer, we cannot keep up with the data plan changes. now, verizon says it will save customers money. >> in many cases it will. in some cases, it won't. what verizon wireless wants to do is get all of your devices on its network so their new share everything plan, that is what it called takes effect june 28th. you get unlimit calling and text. in term of data, different plans but between $50 and $100 a some and hook up to 10 device on the plan. all of the device are not free. you have to pay $10 to hook up a tablet. this is their plan for the future. at&t might be following suit. >> i suppose the proof is in the bil

lauren simonetti, thank you so much. >> nice to see you. >> you too. >>> still ahead on a wednesday, light cameras, speeding cameras. nobody like to see a picture their car snapped in one of those tickets you get in the mail. soon, a common excuse to get out of paying those might not work anymore. we'll explain, coming senate we are follow a developing story. more drama for the d.c. city council. a confrontation turns physical and more questions are raised about the future of another councilmember. we're back after this.   the middle class is shrinking. in this day and age you can only accomplish so much without a degree, and traditional institutions are simply not set up to accommodate people who have jobs and families. university of phoenix works for those people who have real lives and real demands. the degrees that we offer are things where people can fulfill their goals with even brighter hopes for the future. my name is katy white, i'm committed to making a difference in people's lives and i am a phoenix. chances are it depends, if you only have one device onl

lauren simonetti with fox business network is live in new york with this morning's business beat.morning. >> good monday morning. >> the markets had a pretty good republican last -- run last woke and futures in the positive. what is driving it? >> we had 3.5% gain as cross the board for all three major averages. 93 points to the up side for the do you. we fell a lot so we had nowhere else to go but up last week. today, we do have news behind the rally. that is the fact that spain will be fourth and largest economy in europe to get a bailout of up to $125 difficult on-- million to show up the banks. people are making money today. >> we like that. so gas prices are going down but the reason may be a little surprising to hear. >> yeah. exactly. it is good news for drivers especially as we are in the summer driving season. the gas price average according to the lundberg surdescribe, $3.62. that is a decline in just three week of 16 cents. so definitely some savings for people filling up. the reason would be the european debt crisis. it has people jittery. the thinking is worldwide, th

lauren simonetti is live in new york with this morning's business beat. >> good morning. >> it looks like the spanakopita issue downgrade of their debt sort of kicked things off in the negative direction yesterday. >> yeah, that happened late last night and the downgrade basically puts spain just above junk status. not good news. we have rising bond yields in spain as well as italy. as you push close to the 7% level for the 10-year yield, that is the trigger. that will cause the bailout in ireland and portugal and greece. we had a down day yesterday. we are flat to slightly lower this morning. we do get u.s. economic data that could help things if we see another decline in jobless claims. that would be great news. we also get inflation at the consumer level and as everybody knows, gas prices are moving down and that could help out the reading on this cpi, the consumer price index. >> so gas price going down. that is pretty much just a signal that invest ours are seeing slower growth globally? >> yes, it is definitely that as well as the fact that we have a lot of supply out there. in