i like mastercard. i like mastercard. i get you can't put mastercard at $650 into the dow, because it would be too price dominant. i understand you go with visa there. but i like mastercard over visa. and i still think mastercard you get 5700 print. >> i'd be hard-pressed to think, in terms of when a stock was kicked out of the dow, didn't really crash and burn that day. didn't underperform dramatically. you can say some are up, and alcoa is basically flat. it shows to me that the market's wise to these games, number one. and number two, there hasn't been that much money going to the dow indices as historically there had been prior. >> dr. j, what are you trading as a result of this? >> well, judge, first of all, it's a recognition and it's their attempt to stay relevant, of course. it's a recognition of the fact that it's not just investors that have changed their timeframe from long term to shorter term, because, obviously, these guys, that's their attempt here, to be more relevant. and i'd say, judge

if you are a mastercard holder you can buy them this morning at 10:00. tickets start at $10. there's a deal with mastercard there apparently. >> bringing sexy back. >> no, suit and tie. >> bring your binoculars if you want to see him for $2. >> you are in the way back then. >> have you seen him before? >> didn't julie? yes with jay-z this summer. >> where were they at? >> in baltimore. >> now he's in d.c. i'm sure she's already in line.l her friends are in line for her. we'll talk about that here is your forecast. more of same. looks good today.o more in the wayks of cloudiness but same general weather pattern. just a degree or two warmer thaa yesterday at this hour. still very cool. 56 in washington. a 50 in cambridge. cam no 30s yet but getting close. 43 in manassas. 48 in culpepper and winchester 43. we'll likely see 30's here norte and west. we'll have cloud cover working in 52 in quantity quanticos. it's high think cloudiness. not a perfectly sunny day today. generally sunny conditions expected. if you are off to the south andh west arc -- you'll get a littlet more in th

spend $10 or more with your mastercard when you dine out and mastercard will donate up to $4 million a time. and mastercard will donate up to $4 million >> pelley: i'm scott pelley. we will be back next week with another edition of "60 minutes." captioning funded by cbs, and ford-- built for the road ahead. hi, i'm karissa. hi, i'm sherri. and i'm going to show sherri how collecting box tops for education earns cash for our school by shopping at walmart. come on. sherri, look at all these products that you can buy for your family with box tops. and look, four box tops in one box. that's awesome! more cash for our school. only at walmart you get 4 box tops on over 100 items. karissa i got it and you only had to tell me four times. find 4 box tops on your family favorites like general mills cereals and nature valley granola bars backed by our low price guarantee. the intense ache made it hard to do the things that i wanted. my doctor diagnosed it as fibromyalgia -- thought to be the result of over-active nerves that cause chronic, widespread pain. lyrica is believed to calm these nerve

credit card industry, maybe doesn't have to be nervous, right, because they might team up with mastercard, visa, discover, somebody else, but if you feel comfortable that your phone, if you lose it, can't be used by somebody else because it's your fingerprint, the odds of you using that phone to pay for goods and services, goes up dramatically. watch this thing, folks. i think to me, this is the biggest thing yet i have heard from apple, my own opinion on that, but there you go. >> so touch id is something that could potentially move the needle. take a quick look at what the stock of apple is up to because exactly one hour ago, when they started this big event over there in cupertino, we saw apple stock was $502 a share. now it's down to -- sorry, it's up marginally to $505 a share, but sitting slightly lower beneath the line. let's bring in michael, senior electronic editor at "consumer report." good to have you on the show. the stock hasn't moved that much, just a few bucks here. do you think that with what we've heard so far, the touch id including, is bringing us the wow factor that e

facebook, netflix, walgreens, starbucks, united technology, or mastercard? alan: i'm gonna sit this out because i won last week. why don't you answer? james: facebook, netflix----the answer's probably all of the above. alan: yes, it's all of them. angie: it's all of the above. alan: but i won last week. i won two weeks in a row. angie: there you go. double win. thanks guys! first business continues right after this. joining us now for chart talk is tim biggam of trading block. he's on the defense for us this morning. good morning tim. > >good morning angie. > >for people who want to protect their portfolios, what is the best defense in playing the market? > >looking at the vix or the vxx which you can buy outright like a stock. trading really at all time lows here. it's a way to kind of have some downside protection as the market sells off vxx tends to go higher so adding a little of that in here i think is not a bad play given stocks are within shouting distance of those all time highs and the concerns that we've seen in the past are still out there. > >are

companies like citigroup, coca-cola, g, google, ibm, mastercard, visa. that along with the big u.n. presence there means a lot of americans live there. many of them under heavy protection. >>> tonight, as we mentioned, law enforcement officials in this country are looking into claims that americans were involved in committing this attack in kenya. the terrorist group al shabaab made it a pirariority to recrui americans. pete joins us from the d.c. newsroom. >> reporter: two internet postings claim to be from al shabaab. they named six americans they claim were among the mall attackers but officials say those names don't appear on any terror watch lists. al shabaab has pushed hard to get american peoples into its ranks. until he was killed this month he was the face of the terror group al shabaab, omar hamami. president of his sophomore class in high school. he went to somalia seven years ago to join up. >> the only reason we are staying here, away from our families, away from the cities, away from, you know, ice, candy bars, other things is because we are waiting to meet with the en

it's not unlike the play we talked about mastercard and visa for years. >> it's a momentum driven marketif the market does well, continues to climb, you'll see momentum stocks increase in value, because everyone is trying to make up for performance. you won't make up for performance by buying a flat line. >> if the market goes higher. if the overall market goes higher -- >> the market was a little weak today. what was up on my screen? it was micron tesla was on my screen. you had pot ash up on my screen. a lot of names. and pot ash, not a momentum play. but a recovering play. >> talking about a pullback here's a tweet from alex, what are the odds of a correction more than 5% in the markets in 2013? and i know tim, you're ready to answer this one. >> well, i'm ready to answer this one. because if i was guy adami i would bring graphics. and i brought a chart tonight. >> oh! >> what i want to ask is take a gander at where we had pullbacks in the last year and a half it's been notable in a lack of volatility. so if you look at a chart of the s & p over the last year if you look back since se

currency that you can exchange money with anybody in the world without the use of a third party like mastercard you are cating nonymous computers? >> everyonthat is part of the network contribut their capacity to discover new bit coin in day reconciles those transactions that are transmitted over the network john: this for real recreates bit coin but the limit on the total number automatically? >> the total number is 21 million we will get there around the year 2040 so that makes it a deflationa currency. john: have i know some clever kids will not make up 1 million? >> because of cryptography. ny experts have tried to crack the code has been unable to do so. john: you mentioned a pal why n+%ñ that? >> that is the exciting part that for the first time we can tnsact without a third-party so if i want to send you would have to dollars to have to use paper towel they would deduct $100 from my account and added to your account but bit co allows us toew transact was nobody between us. these are central points of control that we may want to engage in a transaction that is prohibited or frowned upon o

currency that you can exchange money with anybody in the world without the use of a third party like mastercardjohn: you are creating anonymous computers? >> everyone that is part of the network contributes their capacity to discover new bit coin in day reconciles those transactions that are transmitted over the network john: this for real recreates bit coin but the limit on the total number automatically? >> the total number is 21 million we will get there around the year 2040 so that makes it a deflationary currency. john: have i know some clever kids will not make up 1 million? >> because of cryptography. many experts have tried to crack the code has been unable to do so. john: you mentioned a pal why not+%ñ that? >> that is the exciting part that for the first time we can transact without a third-party so if i want to send you would have to dollars to have to use paper towel they would deduct $100 from my account and added to your account but bit coin allows us to lew transact was nobody between us. these are central points of control that we may want to engage in a transaction that is proh

. >> mastercard, you know, it has the stock has gone up a lot. it is just the highest quality, premier name in the. >> so a name like this, it does trade at a high multiple, it deserves a high multiple. it's earning all time highs. >> they were actively looking for a merger opportunities at this point. they spent what? a billion dollars in the past two years or so? >> this is not in a vacuum. we have talked starbucks in a long time. it's not ridiculous valuation. the story to me is not about the consumer as much as you want to think about the change in the way people are spending. >> amazon used to be my everything stock. now it's google. you have google wallet to pick up where guy dropped that ball. if you look at google and youtube, you know where the revenues were. so you see tv advertising drop goes to the internet. who is the best recipient of that is going to be you tube. >> just answer them. >> thank you. thank you, tim. thanks for playing along. it's three times as fast as verizon fios and a third of the price. nothing is bullet proof. >>

if you look at a mastercard and visa, discover actually has some credit exposure which these days isg term. >> what will be left is networking equipment business. sit a better one than mobile devices do. what is left is is a better business. >> this one is for brian. what do you think is priced in right now for next week? small taper? >> $15 billion is your max. i think the market is probably priced in upwards of $25 billion. >> what about principle financial group? >> a huh. the stock broke down like everything else. they have their analyst day this friday. maybe picking the space over raymond james. >> feelings on cre, the lightbulb? >> this thing got crushed last month. it found support from the spring. that's also at 38.2%. i think you could probably own it at 53.80. >> stay with us. before global opportunities were part of their investment strategy... before they funded scholarships to the schools that gave them scholarships... before they planned for their parents' future needs and their son's future... they chose a partner to help manage their wealth, one whose insights soluti

my best trade will continue to be mastercard and visa. i think that's a name that if you believe the tape is going to bounce, which i don't really believe is going to happen here. i think you can trade gap stores on the long side. >> we saw pressure across the board on this news. is it a walmart specific problem? is walmart dead money or is the retail sector dead pressure? >> first of all, walmart refuted the report and we have seen the false alarms about walmart this year. and more importantly we are not getting confirmation who continue to raise guidance. i can't tell you that it will last forever -- >> how can you say that? we had a stream of disappointments. don't forget apple missed on their ipad number in 3 million units. i do think, you mentioned kors that is is a stock specific situation. the data is not conclusive. >> you are a bear on the markets. >> right now u.s. stocks are highly over valued. i can't imagine us having multiple expansion given the economic picture. i know it's a wishy washy answer. but that's where we are. >>

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hewlett-packard, and visa, along with mastercard, figured out how to let americans spend more and then taking that show on the road. they're good at what we are. how about the bank of america getting put on the waiver wire, while goldman sachs being inserted in the lineup? i love this irony. bank of america is often thought of as the company that stumbled the worst over mortgages during the housing crisis, including buying haphazard, lunatic mortgages. countrywide. that's been the real legacy. goldman's legacy during that time, it was shorting precisely the kind of paper that bank of america was pumping out, a huge consumer bank. bank of america has had a colossal inventory of foreclosed homes on its books. hates credit risk. one certainly old america, the other is the new. yes, here is the bottom line. the dow jones reshuffling makes a big statement. we're no longer a nation known for making personal computers or bending metal. we don't want to be a nation notorious for horrendous mortgage lending. what could be a more powerful declaration of the new america than the inclusion of two

we'll polish it off with a list like examples of mastercard. up 36% in 2013 to a record. now, 52 may not seem like a lot of new highs this year in the s&p. but just for a little perspective, during the record run that we had in august, we had 124 new highs just before we fell from those levels to the levels that we saw during that correction. in the scheme of things, there might still be, maria, some room to run for stocks on the momentum side. >> dom, thanks so much. >>> jack bogle says he doesn't watch the day-to-day or month to month moves on the stock market. what is he watching that individual investors should be watching as well? >> with us now is jack bogle of the vanguard group. good to see you again. welcome to the "closing bell." >> great to be with both of you. always. >> tell us what you think about the markets as we, you know, again, we had a rough august. i know you don't watch it every day. but we're off to a pretty good start here in september. we are on the verge of a potentially very large market moving event. that being the upcoming fed meeting next wee

. >> mastercard, i think you want to be long. it is about to make a move to its all-time high, going to 700. >> simon? >> suntrust bank. >> have a great weekend. see you on the other side. "power lunch" is up next. >>> "halftime" is over and "power lunch" and the second half of the trading day starts right now. >>> indeed it does, a wild and volatile day on wall street. stocks up on the jobs report and gyrating on syria. what's an investor to do. well, we have more than $5.5 trillion worth of investment advice for you from powerhouse black rock and also fidelity. rising rates. benchmarks on the ten-year yield hitting the 3% mark yesterday. town a little bit today, but why should 3% actually matter to you? think about it. the impact on auto loans, mortgages, credit cards and many other loans, and we are going to talk about why it matters to you and what you should do now in a rising rate environment. >>> and we are also approaching the anniversary of the financial crisis. ify yeaand simon hobbs joins me here at the nyse. >> early

>> well, it came from a man by the name of pete hart who was the ceo of mastercard.thing has to be done to help marriage in america because so many marriages are dying. i said, i know. i said i think i presided over the funerals of more marriages than anybody in america because i'm so old. and he said, well, he said, i think the only way we're going to do it is on the internet. >> eharmony is one of the most recognized online dating brands in the $2 billion a year u.s. dating industry. and happily ever after may not be an exaggeration. an eharmony study found only 1 in 20 of eharmony marriages end in divorce. but with rising competition from companies like match.com, warren admits his company lost its way. in the last three years, new memberships, retention rates and time spent on the site were all down. warren has been looking for ways to resuscitate eharmony by doing more with the company than finding love. he's expanding to help people find friends, giving tips on how to be better parents and even helping people find the right job. you're taking that on. how so? >

but just ask visa or mastercard, they fully expect you to take advantage of that so obviously if we doetting the stage for that. but they would might do that to delay or keep provisions out there, which might be a little bit dicier and then move on and raise our debt limit so that we can sort of stumble along for another few months. jenna: thank you so much. you have a lot of big guests on your show today and we look forward to that. we appreciate you joining us early. jenna: he will be broadcasting from that position and you never know where he can pop up. a lot of big guests, you can see them on your screen. you have rand paul, mark warner, john mccain. big all-star cast coming up today at 4:00 p.m. eastern time and a p.m. eastern time on the fox business network. jon: a chilling development to tell you about. by the number of u.s. weapons may have fallen into the wrong hands. the same kind of bad guys who attacked our consulate and the worry about that is much greater than what we thought. a fox news exclusive report. and a nationwide manhunt for a suspect in the stabbing death of h

mastercard having a good day. priceline too.. ♪ ashley: is 90 minutes or just under until we close up for the week on the market. let's take a look at the dow 30. lots of green. allow the gains. the dow 30, as you can see, hewlett-packard, i nice mix of stuff. energy stocks, chevron on their moving higher. oil has moved higher on the threat of an attack on syria. nicole petallides at the new york stock exchange to put all of this in context. nicole. >> reporter: that's right. back-and-forth action. i want to talk about an auto maker with some headlines, looking at ford. ford today is to the downside, down 1%. and the report today is that the ceo may be stepping down before the end of 2014. well, the company has said obviously a had something in place. he reportedly may be exploring other roles. there have been talks that they may be considering a post in the obama administration. it has also been quoted that he may be a potential replacement for someone at microsoft. pretty unbelievable. he was actually set to stay on through th

you know, mastercard. i assume everybody wants to do it.merchants themselves who think they can go straight to the consumer. >> well, scale will really matter. and there's literally tens of millions of merchants and people doing commerce locally and being able to have point of sale and touch points and services to merchants really matter. >> really quick, android versus ios. when you're building new stuff at your companies, where do you build first? >> i think android is the winner, obviously. reminds me of the windows and mac argument early on. and i'm a mac user. i love the mac, but android everywhere. >> you're suggesting apple's okay. we're going to have you back at 8:40. talk to you about a lot of other things. becky, back to you and i know you still have your blackberry, we're sorry you can't be part of this conversation. >> thank you. speaking of blackberry, we should bring you up to date. if you haven't seen this already, blackberry came out this morning with an adjusted loss of 47 cents. street was looking for 49 cents. the gross m