first, nicole petallides.icole: traders on wall street will say that this rally is a china relief rally and a market that was vastly oversold. liz: peter barnes, they had a big rally at the end of their session. peter: the president tries to jumpstart the climate change agenda. a cap on carbon emissions and existing power plants. it is a war on coal. liz: coming back in a big way. jo ling, your headlines. >> $70 billion all weather fund is not faring so well after the years. we will take a closer look at what is happening. liz: thank you all. these stories are affecting the markets. fans of zynga may finally have something to cheer about. they can cheer, not just because they sold the virtual farm animals, but nicole petallides has the real story. nicole: zynga is jumping. looking good. some good news. all of zynga's games will be included in the games out created by the windows app store. up about 7%. of course, you have seen it fluctuating. this is a completely different story and a completely different move

but nicole petallides at the new york stock exchange. nicole: 14,484. that was belo the low of the da. but now, above the 15,000 mark. releasthe resiliency of the mar. the uncertainty remains, but for right now you can see we're squeezing out some gains on the s&p 500. very careful because i see it is virtually flat but the retail index to the upside, some names weighing on the dow jones industrial has been hit hard by the news, that at one point shaved off 50 dow points. showing you how influential ibm is. we have watched blackberry under pressure after their quarterly report. nike came out with decent numbers. we will see whether or not we can now have a winning week on wall street after the selling we have seen. that is the latest at the new york stock exchange. >phil: i don't know what is bigger, we will have hogs and pigs later. traders cannot wait. let's talk what was on everybody else's mind, that is the gold market, ladies and gentlemen. coming back today after hitting 30-year lows in the price. biggest drop ever in a corridor is coming back. wh

nicole: above that 15,000 mark. pfizer is looking good.e to be honest, most of them are looking good. we are watching the exchange offer. that is one headline. they had began experimenting with some medicines. that is the good news there. on the downside, pp hm to the debt side. they were using that to treat advanced cancer. back to you. cheryl: definitely two different stories happening there. thank you very much. nicole petallides. ♪ dennis: let's make some money with charles payne. charles: it is up a little bit. they reported this morning. i still like this one a lot. this is how i build an argument for an investment case. winnebago, rock bottom in 2000. they have been coming back each year. the backlog is amazing. 192% increase. the diesel backlogs go up to 365,000. this company is moving back to where it was in 2004 when it peaked. i am not saying it will be 39 now, it is off to the races. cheryl: do you think part of this continues to be the baby boomer generation? >> absolutely. i think maybe the baby boomer is feeling a little mor

nicole petallides. lori: she sis.ely the markets are focusing on the fear of fed tapering or when and how. we're seeing a reversal. you see nicole owes reporting. the dow is up 172 points. joining us is john kenneally, with lpl financial. good to have you back with us, john. if yyu look at history, the stock market usually rises after the fed raises interest rates. because the expectation is the economy is gaining momentum. could it be because of that sentiment as opposed we have short-term memory and we'll hear from the fed this week and likely the foot will stay on the gas pedal in the way of quantitative easing? >> it may be dawning on equity markets that may be the case. everyone was nervous that the fed would be tapering and tightening. they're still cutting interest rates. thee're not cutting them as much. they will do the quantitative easing until its works. if they're tapering it, it is working. if that is working the economy is growing and generating profits and that should be food for stocks. i think we'll s

now, then, tell me your name. >> nicole. >> and you? >> lauren. >> lauren and nicole, right? >> well, it's a pleasure to meet you both. you may know every ollivander wand has a core of a powerful magical substance. we use unicorn hairs, phoenix tail feathers, and the heartstrings of dragons. no two ollivander wands are the same, just as no two unicorns, dragons, or phoenixes are the same. and, nicole, you will never get such good results... from another wizard's wand. ah, yes. a wand of ivy. 14 and 1/4 inches. flexible. ah, with a core of a unicorn hair. tell me -- which is your wand arm? >> my right. >> if you would, please. now, then. lauren, right? ah, yes. a wand of holly. 15 inches. nice. supple. ah, also with a core of a unicorn hair. and your wand arm? >> my left. >> if you would, please. [ twinkle! ] >> the wandkeeper then had us test out the wands. you'll have to find out for yourself what happens. >> what we can tell you is that nicole's wand didn't choose her, and my wand didn't choose me. [ twinkle! ] >> if i may. [ gasps softly ] i wonder... they both have a core

first, nicole petallides at the new york stock exchange. nicole: good morning.fter two days of selling and yesterday obviously was a dramatic one for some, there were some folks that were very nervous about today. there were others who said, hey, that is what you do. there is certainly a mixed bag here. all of these things are the things that people are obviously talking about here on wall street. connell: thank you, nicole. peter barnes from d.c. peter:. the obama administration is defending verizon. the order approved by a special court in april was first reported in "the guardian" newspaper yesterday. it has been a critical tool in protecting the nation from terrorist threats to the united states as it allows counterterrorism personnel to discover whether known or suspected terrorists have been in contact with other persons who may be involved in terrorist act to the d's. some members of congress are concerned. others are not. >> homegrown terrorism is one of my biggest concerns. it is happening in our backyards. i am a verizon customer. i do not mind verizon

adam: nicole, what do you have for us? nicole: the traders do not think we are in correction mode. a psychological market every move and every piece of economic news we get related to the fed. the dow up 29, 30 names lower. every sector settling off across the board. we are approaching our session lows going into the close and that is a bearish sign. adam: leading by shares of cliffs natural resources. is that correct? nicole: financials, industrials, selling across the board. the highest levels this year, and friday monthly job reports. lori: closing out a day of decline. adam: you can see the dow down 215 points. the s&p, we fell 22 points, the nasdaq down 33 33. now here's a look at the headlines. adp report in the private sector added 135,000 jobs last month, we could than economists estimates. service sector jobs increasing by 138,000. factory jobs an on the other had fell by 6000. lori: setting us up for the may jobs report due out friday. the treasury department announcing plans to sell 30 million shares of general motors stock. they will sell the shares new public offering

connell: good morning, nicole. nicole: good morning. let's take a look, the dow jones industrial up 175 points right now at 15,245. still holding above the 15,000 mark. weegot the new york manufacturing numbers in the state of new york, everybody eagerly waiting to see what the federal market committee, what their policy meeting will bring. hoping they will do a whole lot of nothing leading to money printing. back to you. dagen: thank you so much, nicole. connell: edward snowden taking questions of all things right now on "the guardian" website. documents showing u.s. and british spy agents were snooping on world leaders at the g20 summit. dagen: for more, editorial board member of the "wall street journal," proof he is not just looking out for the best interests of america, leaking additional information. >> now that we know snowden is leaking information that is helping us, if we stop referring to him as a whistleblower? james hansen comes to mind. he is a pathetic human being. connell: i don't know one country spying on another at a

nicole, investors are liking facebook. nicole: absolutely. you say all right, $38 ipo last may, and here it is, big moves to the upside up over 5% today. both coming out with some positive calls. we talked about the fact they upgraded to a buy from a hold. talk about all the factors, all those are factored in, we believe the shares have bottomed and some of the near-term upside catalyst are being ignored. that helps along. insta graham, new products and advertising including video ads and jpmorgan reiterates their overweight rating after $35 price target. back to you. connell: 24.15 rights now. a hot commodity. if you don't have enough vacation days, you can buy some. in hi a study for human resource management revealing 5% of u.s. companies allow employees to purchase additional days off. 7% allowing those feeling generous to donate any extra day to have the general pool other people use wherever if you are not in a giving mood for one reason or another you can turn your days in for a cold, hard cash. & let them trade unused vacation days an

thank you very much, nicole.ree new jobs in the united states come from a small business. my next guest says the strength of the economy is small business. bob hormats, undersecretary for economic growth, energy and the environment, joins me now in a fox business exclusive from national small business week in washington d.c. bob, it's great to see you, sir. this is, what, the 50th year of small business week? >> yes, it is, and i think it is an important thing to the country because small business, as you say, create a lot of jobs in this country. particularly new businesses, start-up businesses are extremely important to the dynamism of our economy and to hiring people. cheryl: bob, talk to me about the optimism that we're seeing not just in the index, but overall, because there's been so many headwinds for small businesses over the last two years in particular with bank lending, it has been tight, credit has been tight for small business, the new health care law, that has been a struggle for many small business

exempt for the vix, nicole, up more than 7%. nicole, thanks so much.ll the market can focus on when the fed will ease its bond buying program. our next guest though sees opportunity in the financial sector and not with some of the big names you might think. rob morgan, chief investment strategist with fulcrum securities joins us now. part of the reason you're playing in financials because of all the liquidity the fed is pumping in. >> oh, sure, tracy, that factors into it. let's keep in mind. it was the sector that was really bashed the hardest in 2008. and even though it has come back some, it is still one of the cheapest s&p 500 sectors. not only that, technically, it continues to look good even though today isn't a really a day to write home about in the financial space. and the earnings per share estimates continue to rise. so, i do think there are some opportunities in the space. tracy: you're not buying big banks though, right? >> in my opinion, they have really run up quite a bit compared to what their earnings projections would be. so my favori

nicole, bank stocks among the top performers.e s&p. >> we've seen the financial doing so well, we just finished chatting with david at morgan stanley. he talked about momentum continues. jobs are doing well. confidence is decent. now waiting to see retail sales next week. overall you see financial did lead the way, hey, nicole, we have the apple worldwide developers conference on monday. shares of apple turning around midday after trading down as much as one%. a positive note from isi group? >> that doesn't hurt, right? obviously heard jason weisberg long apple, loves apple on with us earlier today on fox business. you can see apple holding on to nice gains. $3.64 a share. >> also taking part in the rally airline sector. what is goldman pointing its finger at? >> they upgraded united they took it off the sell list that is a good start. putting it on neutral. southwest guided revenue. that looks pretty good. coupled with jobs numbers we got today. that bodes well for all the airlines. adam: talk about something not working. [closi

what do you think, nicole?en. >> we got a weight and see mode, yet continuing to the upside, and to your point, cheryl, not concerned, at least not up to the moment. tacking on o yesterday's 110 # point gain, but volatility's back, big swings are back, and all those people concerned about when we broke 15,000, the traders said, you know, buy on the dips, thought the uptrend and technicals pointed to the upside so what i'm looking at, also names lead the way, pfizer and verizon doing well this month. looking month to date, this month of date, pfizer, verizon, dow jones clocking in another winning month; right? since december of last year, every single month has been a winning month, and right now, not tracking the street, not yet. back to you. cheryl: repeat the fact we did not sell in may. we did not go away. nicole, thank you very much. dennis: cutting back on promiscuous bond buying and easy money. reports that fed chairman, ben bernanke, and the fed may be ready to ease up on bond buying, and peter barnes ha

nicole petallides.nis: as we told you, president obama taking aim at a coal-fired power plants in his speech on climate change this afternoon. jeff flock is live from a coal plant in joliet eleanor with more. >> reporter: this is one of those that is in the cross hairs. take a look at the perspective. you see the big coal a news. not much care. a lot of people don't care for him, but i tell you, if our's a lot of electricity around the country. on by midwest generation, a company that is already in bankruptcy. it can't afford to change to the current standards. they're going to have to shut down. take a look at the coal stocks. you mentioned they have been addressed since the beginning of this year. there really been crest of the past six years as president obama took office. david is not a big surprise. if elected a company like ours coal, and lost three-quarters of its value. natural resources, 70 percent down. these companies are taking a big hit. you talk about the impact of the closure of these kin

dagen: thank you very much, nicole. connell: federal reserve bank of america president tom peter barnes we are approaching a time where the tapering of the bond purchasing program could at least be considered. dagen: what else did mr. barnes find out? he is here in the studio. peter: this morning we talked to dennis lockhart, he is joined into what i think the conservative campaign on the part of fed officials with ben bernanke. trying to start to prepare investors for the inevitable ending of all of the qe starting with less of it moving forward with the economy strengthening. it is okay, folks, we will start to take away the punch bowl at some point but we will start first by spiking it a little bit less. take a listen. >> i think in terms of adjustments, downward adjustments we have been trying to position this policy as a flexible policy that could be used in either direction, be calibrated to how the economy is actually performing. so to translate tapering to downward adjustment, i think we are approaching a time i

nicole. nicole: watc watching the markey carefully here.tting close to the 15,000 line, the lowest point today dow jones industrial at 15,013. right now we are not too far off those levels but a lot of red on the screen. volatility has accelerated the last couple of weeks and this could in fact be the third day in a row of consecutive selling the dow jones industrial. we have not seen that yet or the year 2013. that is something we are watching. keeping a close eye on a stock that was halted moments ago. that is live nation. yellow and says news pending. we will wait to see what happens with that one. shares are halted up yet prior to being halted it was up 13th of 1%. so watching live nation very closely. up 50%, so as the news breaks on that, we will bring you that as well. the drug stocks are holding on, bank stocks, retail stocks selling off, the down volume outpacing on the dow jones industrials. tracy: thank you, we will see you in a bit. ashley: federal regulars accusing to large companies of using background checks improperly when c

nicole petallides. nicole: the lowest point of the day was 15,086. there are traders on wall street taking those opportunities to pull back as buying opportunities. the vix, the fear index, is up about 5% today. the bank of japan not doing much. that really turned the eyes back on the u.s. right now the dow is down one tenth of 1%. down 24%. we are seeing the blue chip split between the winners and the losers. disney shares on the rise after their price target was raised. lori: interesting. that was turn around for a while. thank you. >> the price of oil is sliding for a second straight day. phil flynn from price futures group is in the pits of the cme. we have members of opec raising production. are they worried about losing some money? >> absolutely. they are worried about losing market share. it is a battle for market share in a world of oversupply. that is not easy to find. especially when we are lowering demand expectations all over the globe. demand for oil will be weaker pick the good news is they are looking for a major drop in gasoline price

that is key point, nicole.bringing it to us. >>> let's head back to adam at ups international air hub and his very special guest. >> lori, thank you very much. scott davis is a former chaarman of the federal reserve bank of atlanta. a member of the president'ss3 export committee. he is also a member of the fix the debt commission. there is a great deal this man has accomplished but most important he is the ceo of united parcel service and joins us for exclusive interview now. he is live. i'm at world port in louisville. thanks for being with us, mr. davis. i want to get right to the question a lot of investors have about the economy not only in the united states but globally. we heard from your competitor fedex about cutting capacity in asia. ups has already done that. a slowdown in china would signal for most of us bad news looking forward with the economy. what can you share with us what you believe will happen with economy in the united states and globally? >> adam, great to be here. thank you for spending t

nicole, what happens?reporter: we are watching when ceo that is actually warring that australian, over there, major coal shipper is in danger of production moving to lower-cost countries. you're seeing the competition heating up. we did see this group very volatile based on the president's plans. the administration's plans. if they thought it would move away. instead it was just more requirements. a good way to put it. you concede. trying to squeeze out gains. for the rest of them, walter energy as one huge. up 11%, now it's down to%. once this group very closely. liz: and we will. we are also watching volatility overall. we need to tell our viewers that it is plummeting today. that means their is a bit more, and the markets. traders are not feeling call. they are jittery because there's so much action from everything regarding the precious metals to what is happening. ben willis, let me get to your perspective, which is always very unique. you look through a different prism. other colors you are seeing fo

nicole petallides.n the floor of the new york stock exchange where she is following all the market action. peter barnes with double duty in action in washington. following what the 45 fed board members are saying. we also have rich edson in chicago at the cme. he is following the great old exit is. first, nicole, your deadlines please. >> reporter: the bulls are taking charge. three days in a row of gains for the dow jones industrials. we have not seen that in some time, coupled with, hello, down 15,000 once again after the dow dropped about 1,000 points. cheryl: thank you. peter barnes in washington. your headline please. >> reporter: i love your tea's there, cheryl, about how we are following these fed officials around like they are rock stars. let me tell you, today they were all singing and playing the same tent. details in a minute. cheryl: markets loving that. rich edson, your headline. >> reporter: gold was finally up today. we have physical demand that came back. we thought we had finally found

thank you, nicole.rket selloff today is the adp report showing that hiring in the private sector came in well below expectations, 135,000 jobs in may. estimate 165, and 170 by some accounts. you've been the resident bear, kathy, but at the same time, this could give fuel to fed watchers that the fed stays in the game. that's bad for somebody like you who has been shorting the market. >> right. everybody thinks the fed is going to be able to continue the pedal to the metal. ben bernanke will not do anything before he finishes the term, so everybody assumes as long as liquidity continues, the market goes up. what changed? liquidity's still there; right? cheryl: right, right. >> when bad news is good news, but at some point, bad news is just bad news. >> breaking the 21 # in a row, tuesday's streak, and your response last night was, great, i love it. done. the bears are loving it like you today. >> they are, but, looking we're only up 33% in -- 3% in the last week and a half, a long ways to go, 23% from th

adam: nicole, thank you. fox business contributor phil flynn of price futures group in the cme. concerns about the middle east driving the action today? >> it is. you can tell what is happening in the stock market. recently the oil has been following the stock market up and following it down. today there is die edgerrance is the key a lot happening over the weekend. not only syria but iranian elections. you have problems in the sudan. all of these issues making it very, very dangerous to be shorr short over the weekend. you have a little bit of short offer evercoreing. people don't want to be short with uncertainty in the market. if we get through the weekend and nothing happens, we could see the market fall pretty traumatically. if something heats up that could be a different question. look at products today. they're very, very strong the being led by none other than than gasoline rbob futures. more remeaning problems in the midwest. i sound like a broken record. it happened again. whiting with a crude unit.

to nicole, merck stock hitting a high there. nicole: that it's right.re seeing the market topping. the lead story is michael douglas and his throat cancer. and now, hpv virus which he says is the cause of his cancer. merck cells of vaccine we virus and we're seeing merck hit new 52-week highs. the stock is up about 5%. if you want more on the story, go to the new york stock times t the story. stuart: it has been a rough time for game stop. watching the company, welcome back, good to see you again. essentially you have put gamestop stock on deathwatch. speaker this is not in the next week, we are talking a few years down the road, but people go to stores to buy video games will be a thing of the past. stuart: you by a physical product, that is gone, you say. >> the next generation of causally focused on digital distribution. essentially people just download the game. they downloaded straight from the company. stuart: you just download it? >> yes, to be focused on digital distribution. stuart: gamestop has gone from 16? charles: 16 from 34. stuart: why di

we begin with nicole petallides. nicole: good morning.he dow jones industrials were down about 21 points will be kicked off this morning. they will let us know what they are thinking and following back, we will have bernanke answering questions. you can see the major averages down slightly to the downside. it used to be if the fed did this, the market would do this. because of the action and volatility that we have seen, the only thing is the market seems to move. every word means something else. if they taper, it means that the economy is getting better. connell: thank you, nicole. all eyes are on german bernanke. dagen: peter barnes is outside of the federal reserve. peter: i am inside. to taper or not to taper. those are the questions. we hope to get some more answers from the fed chairman himself at his press conference at 230. most analysts that i have talked into do not expect any change in policy today. they expect the fed to stay the course. and, to continue the quantitative easing bond buying program at the current pace. a total

plus, is nicole petallides on the floor of the new york stock exchange. nicole, to you. you are watching the numbers as the press conference went on. your initial thoughts? >> my initial thought here is that for the near term, what they expected, they considered the news in the short term. we saw some people actually taking profits off the table. what's also interesting is that you did see a broad base sell-off. some of the sectors that sell-off, defense. very, very highly correlated to interest rates by telecom, like utilities. and we see it they obviously may taper off those asset purchases later in the year. in the meantime, we get the fed. we are here if you need is. we have the tools if you need them. it will use them when you need them, all we won't. it is typical of to be basically saying we're here. one concern is inflation. inflation, they don't want it to be too low, but for right now it seems to be on track. certainly does not seem too hot on fiscal policy. made that no more than once today. cheryl: the did mention that. that is a good point. fiscal policy, th

it very much, nicole.president obama. a new video reportedly caught two distributers happening out the phones selling them for drugs, shoes, handbags. they are given under the lifeline program that started under president reagan and now costs $2 billion a year. what do you have to say? >> outrageous. $2 billion. giving them out because they want the poor people to use it for job applications. you go somewhere for an interview, there's a phone, but if you are a single parent with a kid, the kid has a phone, it's all lyings. it's all bs. it's a gift. this is one of the gifts that -- and for someone to take this in return for vote is outrageous. 2 billion and counting. >> all right. this is the charles payne block, by the way because tonight, our very open charles payne has a speech, be preparedded to be inspired. charles, go. >> come on, now, too much pressure on me. tonight, i'll give a speech at the metropolitan museum of art for kid at the eagle academy. five charter schools in new york and normings, thes

tracy: thanks, nicole.m: gold is taking another hit after a major selloff yesterday sent the precious metal to a 34-month low. where do we to from here? broke $1200 an ounce, but we're back above it. jeff flock is in the pits of the cme. is it time to buy? >> reporter: time to buy something. i mean, i'm in the lean hogs pit right now. i'm going to tell you why in a moment, but let's lead with gold because, you're right, it just bounced back a little, just got back -- well, now back down almost 1200 again. i'll tell you, i thought it had found a floor, but clearly it was a false one. same thing with silver. also was higher for much of the session today, now not so much. let's go, though, our senior editor charlie brady took a look at commodities this quarter. we're almost at the end of the quarter. commodities were literally crushed. take a look at the worst losers, and as you can guess, it is the metals. number one on the loser list, that's silver down 33% for the quarter. gold, down 22% for the quarter. ye

let's check in with nicole petallides. nicole: we are seeing a market that has been mixed all day long, holding onto some gains right now up about 52 points thanks to merck and an hpv vaccine. intel with the chips for samsung. the nasdaq down half a%, also pulling back. on a day the last couple of weeks have been tricky, still year to date doing very well. the s&p 500 up over 14%, the dow up nearly 16%. a look at electronics retailer best buy, today pulling back some, they worked very hard to remain competitive working on an intense turnaround plan and a matching program to entice shoppers to stop windowshopping at best buy and shopping over the internet on amazon and walmart. in the near term that would cut into their profits trying to do that. down 1.5% for best buy. melissa: the weaker than expected read has the bulls betting on the fed stimulus. in the pits of the cme. it is pretty interesting a weak economic read on manufacturing would be bullish for crude. >> i know, it is crazy. bad manufacturing news out of china w

adam: thank you, nicole.to the fed and its actions, our next guest says look, we got the clarity we need from the central bank but with this morning's comments from fed president bullard where do we go from here? joining us ward mccart think, chief financial economist at jeffries and former senior economist for the federal reserve bank of richmond. very well-qualified to comment on this. ward, i guess mr. bullard's comments basically said this was ill-timed. the clarity we got from ben bernanke. he fears essentially that up nation is too low and it is being ignored. >> well i agree with president bullard, that the fed sent a very mixed message as far as how inflation fits into the dual mandate. keep in mind in september of 2007 seen, when the fed eased with operation twist, inflation was well above their target 3.9% on the cpi. 2.9% on the pce deflator. now here we have a situation where it is inflation is well below the fed's targets and they're announcing or giving us an early heads-up on when they expect t

lori: thanks, nicole. adam: breaking news, apple going to show off software updates and new radio services moments away. robert gray live in san francisco with the details. talk about a new operating system, is that correct? robert: that is what we're expecting. expecting tim cook to take the stage. apple's officials would not confirm he is doing the keynote but that is anticipated. we will be broadcasting it live. expecting them to adjust the ios. we also may see new macbook and the desktop version introduced today as well as that iradio or whatever they decide to call it, streaming music service. they basically want to keep you with an apple ecosphere rather than going to samsung or pandora. double what pandora is doing, so watch pandora shares be under some pressure. app developers on the long list including analysts and investors who say the pressure is on apple to show some while factors for what is ahead for possibly new ipad and new iphones. that is where a quarte three qus of their revenue comes fr

what is he talking about, nicole? >> i absolutely have no idea.rev, i have to be honest with you. these are people who are putting politics over people, and that should not happen in this country. the affordable care act is the law of the land. mississippi can make a decision whatever way it needs, to but it needs to have a vote. and we need to make sure that people get access to health care. we should not have anyone in this country be denied the right to have health care. it's absolutely ridiculous to me. >> now, you know, i wanted people to hear about this story, representative moak. >> sure. >> and also what is alarming to me is the rules for medicaid in mississippi are staggering. to qualify under the current medicaid program, a single person can't earn more than $5500 a year. under expansion, a single person can earn more than 15,000 a year. i mean, who does this leave out? this is crazy. >> well, this leaves out working families. you have got somebody out there driving a truck with a wife at home and two children, and he's making $31,000 or

nicole petallides. nicole: the lowest point of the day was 15,086.unities to pull back as buying opportunities. the vix, the fear index, is up about 5% today. the bank of japan not doing much. that really turned the eyes back on the u.s. right now the dow is down one tenth of 1%. down 24%.

nicole:sing funds for corporate purposes. they have begun an offering of eight and a half million shares of a solar panel maker. they already had close to 88 million shares outstanding as of the beginning of may. they are putting out more shares to pay off whatever. general corporate purposes. in the meantime, first solar, down today, up 65% this year, back to you. dagen: thank you so much, nicole. connell: vanguard coming up saying treasuries could be the odd man out. dagen: how california pension crisis has many cities in a fiscal nightmare. and take a look at how world currencies are holding up against the dollar today. you look at some of these currencies from the yen down to the emerging market currency. it has been crazy. in today's markets, a lot can happen in a second. with fidelity's guaranteed one-second trade exetion, we route your order to up to 75 market centers to look for the st psible price -- maybe even better than you expected. it's all part of our goa to execute your trade

nicole: i will start by saying 1598. market's nose this number. we are walking on the s&p 500 day, talking to our senior editor charlie brady, a key technical level, obviously a key support level we held on the s&p 500, we got around 1599 and now we are moving back higher again. the other thing worth noting, we talk about volatility, ben bernanke, chinese worries but we have seen the trend of being all of but in this have been a lot of turnaround theys, when we're down a little bit we are seeing that to a certain extent. many names, broadbased selling, financials, and down arrows. here are a few examples. bank of america and ibm are to the downside and i want to show you walt disney because disney was downgraded at goldman sacks and one reason is espn has a competitor, fox sports. that is the latest on the floor of the stock exchange. what is going on in chicago? phil: what you are seeing here is not only worries about fed and capering but physical demand drying up before your eyes, the banking crisis you mentioned in ch

nicole at the new york stock exchange. nicole, what's causing the gyrations? >> a couple things.. dollar in relation to the yen. we followedded the markets, and today, they were low and bank of japan not extending stimulus there in japan. what we see here is the yen jumps, the dollar pulls back, and now everybody's looking to the fed and what happens to the fed, do they taper back? david: not surprising, financials the worst hit; right? >> right. you know what happens is the financials are very economically sensitive. they are very volatile. volatility is back into the markets; right? at one point, down over 150 points. today, we're back to the unchanged line. now only down triple digits again. the traders here are used to volatility and don't take it as seriously as folks at home may. on the contrary, they see the pull back as a buying opportunity, particularly for the financials, and many here i speak with talk about the fact they love the financials. david: some buy in at the higher priced stocks like gamestock, that was out performing, and an 8% rise today. >> right, game sto

we want to start with nicole, and when did we go positive? green. a shot about 30 minutes ago. traders say that you should buy here on the dip because the selling was overdone, oversold, and for the near term if you are someone who wants to play the market for let's say four to six weeks, someone like mark newton, a, you by end. it does not mean you hold onto it. later in the summer may be under pressure, but the feeling on wall street does -- sold two months. nervous jitters. the sigalert. ethier index. no worries. still sitting at a level of 19.

tracy: thank you, nicole.next, lou dobbs is here with his report card for bernanke's performance in reaction to today's selloff. >> take a look at how the dollar is strengthening today. ♪ >> 21 minutes past the hour. it looks like senators have reached a compromise on an immigration bill. it would beef up security along the u.s. mexico border. the changes could clear the way for a vote within days. the afghan government is moving closer to joining peace talks with the taliban. the president is now willing to join negotiations if the u.s. follows bruce with promises he said were made by secretary of state john kerry. this development comes one day after karzai rejects talks. tropical storm barry has made landfall in mexico. the second tropical storm of the season came ashore. it is heading inland ringing the threat of deadly flash floods and mudslides. those are your news headlines on the fox business network. back now to tracy and adam. >> thank you very much. gold prices sliding and the bond market slumping.

nicole petallides. nicole: it is good news for fans.s in particular on their verizon wireless mobile phone. the stock is up. it was interesting. you may remember when netflix ceo said forget tv as we know it. everything will be streaming and mobile. this is right up your alley. another deal to make things more available for viewers. the nfl is working closely with arise and wireless. this is nfl networks. this is all to make the experience better. it is supposed to be great for fans. it represents 39% decrease of the previous four year deal. as far as what we are seeing on the major market averages, will this be the 21st tuesday in a row with up arrows? this may be the day that it goes down in history. we will see whether or not that dense. the big picture is obviously having a good run, but pulling back today. football season cannot get here soon enough. dagen: thank you, nicole. exports increasing 1.2%. the second highest level on record. jeff flock is at the chicago export packing company with more. jeff: always like to put the real

lori: nicole, great, thank you.ur first guest says with fed unlikely to change its policies anytime soon the markets will be choppy through the rest of the year. joining me steve wood, russell investments chief market strategist with more what he thinks are the the big bets for investors right now of the you think we will maintain the chop miness through the rest of the year? that a quite a period of time, isn't it? >> it is. more than half the year so far. ashley: yeah. >> if you look what the fed is trying to accomplish, they have been very specific. bernanke and company, they want to hit 6.5% unemployment and 2% on inflation and want to hit 4.5 to 5% nominal gdp when you look in time left for bernanke's term he will opt out by his own statements. so are we likely to hit those very aggressive real numbers, real economy numbers by the end of the year? probably not. i think this will really be an issue for the next chairperson of the fed which probably will be janet yellen at this point, the odd on favorite. ashley:

we have nicole cut back on the floor of the new york stock exchange. nicole:

after weeks of rehab, nicole is back home in charlotte and walking again.nger at all? >> i think one of the hardest things for me was when they actually brought the second bomber into the hospital that i had been at. i thought he was going to blow the hospital up. i remember being angry that somebody could do this and make such a happy occasion so horrific. >> reporter: how has the bombing affected your sister relationship? >> we were right on top of each other when it happened when the bomb went off and we'll be side by side no matter where we are forever. >> reporter: proving there are some things even a bomb can't destroy. lee woodruff, cbs news, boston. >>> coming up after your local news on "cbs this morning," president obama announces his pick for the federal appeals court in washington. this morning we'll have a preview from the white house. >>> plus, we'll see how tobacco fields are turning into crops of chickpeas in the wake of a popularity of hummus and never before seen photos of elvis presley. that's the "cbs morning news" for this tuesday. than

one of whom is nicole easton. that's her in the pink bathing suit. she's a little bit nervous. she doesn't want to do this. >> just go. you better jump, nicki. >> so the two girls start taking a few steps forward and watch this. oh! >> no, no, no, no. >> it's not what they planned. she landed on both-fear. she does break both of her feet. she's now confined to a wheelchair for at least six months, off her feet out of work. the thing is, she just moved into this house with her roommate, so her mother, carrie yunker has start add go fund me page. they are trying to raise $4,200 to pay for medical bills and her monthly expenses over the next six months while she's confined to this wheelchair. so right this minute we have 19 yooerldz nicole easton joining us via skype to talk to us about this hard to watch accident. >> my boyfriend and my other roommates have done it before, so it looked like fun. they always make it in the pool. i hesitated and, splat. >> that moment when you fell, explain what it felt like. >> pretty much i saw the whole thing happen. because i saw my feet stop a

now, six years after her death, anna nicole smith is being immortalized in a movie called "anna nicole shot to play the platinum-blonde temp temp tres. >> she went through a process of prosthetics. >> reporter: and voila, she became anna. >> we figured out how we wanted to present her. >> reporter: the natural brunette bleached her hair and added extensions. she required neck, cheek and breast prosthetics. and to capture that monroe-like look, she donned wigs. >> we had an amazing team that came up with the size, we had these prosthetic breasts that we ended up using. >> reporter: deborah everton was the costume designer for the film. >> the moment i saw her, i didn't recognize her. i was wondering, who is this? just kind of that passing thing. and i realized it was agnes. >> reporter: just look. anna dressed in a dazzling gold dress. bruckner, looking just as radiant. walking out of court. bruckner, a spitting image of that moment. and these rare home movies. anna nicole smith in brown -- clown makeup. and bruckner, nearly identical. >> she became anna nicole for this role. >> reporte

nicole, i think you will tell us what it does. nicole: it looks very good. up 31.5%. at the berkeley post. i think it was a $19 ipo, at 31.58%. stuart: i would be delighted to see a jump like that. let's get to the huge pension crisis coming this month in california. credit rule changes have been proposed that could nearly double the unfunded pension liabilities of cities to this grand total, $328 billion. elizabeth macdonald is here. which cities are talking about? >> inglewood, azusa, they could join cities like stockton and san bernardino. the government is passing these rules that take effect this month that will fix the underreporting of pensions across the country. stuart: what we have here are new rules on how your report the liability that you have taken on, your city taken on going forward with your pension plan. the change in the rules for the changing in the liabilities. give me examples of how they rework the pension accounting of one employee. >> the underfunded their pensions, but a lot of workers who worked for a state california get a lot of money. $10

nicole petallides. we are still in triple digit gains. nicole: they think they are on the way, at the moment. you see triple digit gains. we have pulled back some. we are up about 104 points right now. it actually is the same for the nasdaq and the s&p 500. we are seeing winners across the board. i heard you note gold at the top of the show. that has been very weak. take a look at boeing. of about 2%. microsoft unveiling the new 8.1, windows 8.1. dupont, coca-cola, some of the names leading the way. it is interesting, also, as you watch different stories. names like blackberry with a top. china relief rally. gdp numbers, that is what we are talking about. >> samuel adams and buffalo wild wings up almost 3% today. thank you very much. see you in 15 minutes. lori: let's talk about gold. the price of the pressures meddle humbling for the first time. let's talk to phil flynn. >> it is sentiment on what the feds do. it is concerns about china and the fed pulling back here and how far will it fall? $1200 is what traders look at. with his drop i

and coming up nxt, big bucks for it late model anna nicole smith late daughter.all of that in 15 minutes. coming up next, more money and more problems. how hell even the wealthy are struggling in this economy. it can be done to turn things around stay with us whatever business you're in, that's the business we're in. with premium service l like onef the best on-time delivery records and a low claims ratio, we do whatever it takes to make your business our business. od. heing the world keep promises. how old is the oldest person you've kwn? we gave people a sticker and d them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a gat thing. but even though we're living longer, one thing that hasn'thanged much is the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. >> from a fox business studios in new york, here again is very well at. gerri: welcome back "the willis report." a new study from the pew research center this week finds that mothers are the

nicole petallides, jeff flock, rich edson in washington, d.c. nicole, to you first.icole: that they have to watch is the market selling off again. we have not seen that yet in the year 2013. liz: save the s&p. jeff? jeff: a nice run on the commodities today. the energies, the metal and the act. what you should think about investing in pork. stay tuned. liz: we cannot miss that. and rich edson inside the beltway. rich: national security experts paint the on the surveillance programs telling senators it has stopped dozens of terrorist incidents. what this means for federal contractors coming up a little later. liz: big story developing in d.c., but the one company that hedge funds like to fight over. the company everybody seems to have an opinion on even if you have never use their product. herbalife. their stock has been whipped around by financial titans going long and others going short saying i is a ponzi scheme. turns out according to this report has some 8 million customers in that report given the stock a boost. nicole petallides on the floor of the new york sto

and coming up next, big bcks for it late model anna nicole smith late daughter.that in 15 minutes. coming up next, more money and more problems. how hell even the wealthy are struggli in this economy. it can be done to turn things around. stay with us [ male announcer ] i've seen incredib things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because pnes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ and so too is the summer event. now get an incredible offer on the powerful, efficient c250 sport sedan th an agility control sport-tuned suspension. but hurry before this opportunity... dpears. the mercedes-benz summer event ends soon. ♪ ♪ >>rom a fox business studios in new york, here again is very well t. gerri: welcome back "the willis report." a new study from the pew research center is week fis that mothers are the hole or primary providers and a record -0% of all house