wayne rogers was busy, so sitting next to me matt mccall, penn financial group founder and president. and there is con constant distorting in his reporting. good to see you, pinch. >> today there was a review of circumstance. a film that focuses on the lesbian romance of two teenagers rebelling against an islamic thee yok craw see. i haven't seen any movement. also, hot girl on girl action. so there is that as well jie. do you ever go to the movies. >> can't do it. >> just stay here. often bill tells me about the movies. it is like an oral legend. >> that's delightful. so is it too early to laughy at the overthrow of qaddafi. they raided the mad dog's middle east home and optimistically named sun safe among a gaggle of reporters and then lamely tried to rally support. one question remains, where is his whack job dad? take a look at tape of a rebel sky news interviewed after he raided qaddafi's fabulous closet. >> tell me how you got the hat. it suits you. where did you get it? >> it wasn't hard. i just went inside his room -- >> colonel qaddafi's bedroom. >> yes, qaddafi's bedroom, an

here to weigh in is our panel of business experts, matt mccall, president of penn financial group. s valissis, founder and ceo of john thomas financial and fox business correspondent, and i'm going to start with you, my friend. i'm watching the markets and i saw it down 350 points last night, bounced up to higher. went lower. what are we supposed to make of this? >> we always feel like the market knows all but you see what's been happening. you feel like the market don't know anything, man. i mean, one group comes in and says the value should be here and the other group comes in and says it should be up here. far more people feel the market should be way down. there's too much fear going on. don't we cascade in itself and the fear makes it even worse. what really surprised me and disappointed me is president obama's speech yesterday. i realize he's not moses. he can't part the red sea. i did not expect the red sea to get even worse after he spoke. and the market went down another 200 points after he came out and tried to soothe us. >> a tlot of people see the numbers and it's down 2

penn financial group founder and president. and his help tie at this time is -- hepatitis is old enough to drive. and farmers would ride him all summer long. the great comedian jim norton. his greatest cd is called despicable, and he will be performing in salt lake city this friday and saturday at wise guys. and within his pages, the left deeply rages. it is our "new york times" cory spawn department, good to see you, pinch. >> according to the art section, the ancient art of street theater is alive and well. and appearing in a subway station near you. i would often perform my one paper show of hamlet on the 57th street stop. >> fantastic. >> you are like our own lawrence oliviier. >> yes, but i am alive. >>> should you be packing heat near a whisky meat? should you be armed with a 9 while siping wine? virginia passed a law asking them to bring their guns into bars and restaurants. lefty wails they they would turn the joint into a war zone. but they were wrong. you didn't see that coming, did you? yes, in the first year after t

matt is the president of penn financial group.thing that is working in america and that is corporations are making money. in part by the way for all of our talk about outsourcing the one reason american corporations are making money they're making it -- bringing it back from places where they're making it overseas. there is demand in other parts of the world. you're saying that's the one hope right now? >> it is the one hope. i mean the demand here is very low and a big reason for that is, where's the confidence? people have money. savings rate in the last month went up dramatically. people have no confidence in our administration, in anything else that's going on right now, so we're not spending. so where do these corporations get money from? mcdonald's is a great example. majority of their sales growth coming from? >> not america. >> asia. looking at the emerging markets that trend will continue for years ahead. >> that was the concern yesterday. yesterday's concern was an international concern. wasn't about a weak u.s. about a

days from now we'll get the numbers for the month of july and matthew mccall, president of penn financial grouporning to you, where is the good news. >> there is not much, the only good news, is that president obama said he wants to create jobs and i have no doubt he wants to create jobs and he will not be reelected without the unemployment rate coming down, but he has done this a half dozen times already and it has not worked and the only thing that happened is the unemployment rate is increasing and the amount of jobs created has been decreasing, and, the economy has been slowing down, so, he keeps doing the same thing over and over. and, they are cutting the payroll tax and that will not sim plate people out there, to hire and a corporation will not hire, if the payroll tax comes down or if he builds a new highway and is going at it in the exact wrong way and keeps going at it. bill: what else did he mention? clean energy? unemployment benefits? >> yes. bill: where is the message for small business? what are you hearing from the white house. >> i'm a small business easteow and the message is

bring in our business panel to help us make sense of this, matt mccall is president of the penn financial group and sandra smith is a reporter on the fox business network. welcome to both of you. sandra, what are we to make of this rally, yesterday, up 429 points and then what futures are saying today? >> you might as well wave goodbye to that rally we saw yesterday, in fact, that over 400-point rally, alisyn, was the tenth biggest point gain we've sneen history, but all indications this morning on the opening bell, alisyn, is we're going to give back most of those gains. in fact stock index futures give us a pretty good idea of how far we're going to drop on the open here and as of just seconds before the opening bell, we were at the lows of the overnight session, down 255 points. fair value. that means we could see over a 200-point drop on the open. alisyn: it's down 137 points as you speak. sandra, matt, what happened yesterday? was this all a result of the fed coming out and saying they were going to keep the key interest rate where it is? >> two things, obviously, one is the fed, we saw af

matt mccall president of penn financial group. ceo of john thomas financial.respondent for fox business network. good morning to you, gentlemen. >> good morning. >> let me start with you, matt. what does this mean to the american's people's wallets? how will it effect them. >> what's going to happen is they are going to have more money in the wallets. the way i will get to this. >> more? >> the confidence already was lacking. in americans right now. we have seen spending come back last month. people are saving more. now, this downgrade takes that confidence level to a new low in my mind so what's going to happen is americans are going to be sitting on more money. the problem with this is if they go out to try to get a mortgage, they want to buy a new car. they will be paying more for that goes back to them not spending. this crushes the consumer and ends up hurting our economy. >> more money only because they are spending less. >> because they are not spending it. >> all the viewers out there want to know. a.a.a., double a what does it mean? what's the impact?