smith, tracy burns, john lafield along with sasha burns. three weeks away from the health care laws kicking in. what are the premiums going to mean to jobs? >> i think it's going to hurt the jobs. a lot of people said this number was good. 169,000 jobs added. unemployment rate went from 7.4% to 7.3% but 312,000 jobs were lost during this time. july numbers were revised down. this is the lowest labor force participation rate since august 1978, in the middle of jimmy carter's terms, which were not exactly good times. the biggest problem you have right now in this job market, most of jobs lost are between 16 and 24-year-olds. these kids are not going to be hired because you're seeing -- everybody quotes new york. new york has a unique situation with their insurance premiums, they look like they'll go down. wisconsin up 120%, california up 150%. these are going to hurt and coanies won't hire people because of obama care kicking in. >> you say there may not be a net effect. >> right. we already have the burden of an employer having to pay your i

smith, tracy burns, john lafield along with sasha burns. three weeks away from the health care laws

smith, tracy burns, john lafield along with sasha burns. three weeks away from the al

tracie potts will have more dew details in a live report at 6:30. >> 6:07. happening now in southern california, a brush fire burning through 190 acres in the san gabriel mountains above azusa. the fire right now 5% contained. evacuation orders have been lifted in the street nearest the plames. crews on the ground try to find an ignition point. we don't have a cause of the fire and no injuries reported. >> an oakland snabld figuring out how to rebuild after fire damaged a center of its community. the fire tore through the church yesterday. the smoke could be seen across the bay. firefighters were able to get it under control but not after $900,000 in damage. people in the community say they don't want to lose the church. >> it has been on this corner for 97 years. this has been a serious outreach for this entire community. and it's devastating. we reach out to the community, this is an open door church where they can come in at any time. >> we don't know when services will remoom. >> we'll check in with christina loren. >> good morning to you. what a beautiful start to the day. this is san jose. we'll check on the d

burned about 3200-acres. containment has increased to 45%. >>> those are your news headlines on the fox business network. get you back to tracy.thank you, arthel. see you in a bit. >>> so now our special report, america's shale boom, technological advances in fracking and horizontal drill having been a game-changer for pioneer resources allowing the company to uncover untapped oil reserves mainly in west texas. shares are up a whopping 75% over the past year, near an all-time high. joining news a fox business exclusive, scott sheffield, chairman and ceo of pioneer natural resources. sir, i have to point out, you had your, like, second, second quarter profit was the biggest in company history. >> yes, tracy yes. tracy: how come? >> we're focused on a, probably the second largest oil field in the world today. it is the wolf camp field. we had tremendous results in at that field. it is a field we've been drilling for the past 30 to 40 years. we're transforming it from a drilling vertical play to horizontal play. instead of coming vertically, they're coming on 1700 barrels horizontally. there is enough drilling there to last the c

tracy: we want to know what's going on already. stephen, you know, the point with low interest rates, every favor, including most older people, they got burneding about, he's concerned. there's something underlying here that's not so great with this economy. so what is it? >> you know, i don't really think that's what the fed said in their statement. they talked about continued moderate growth. their forecast for gdp growth was downgraded but only a little bit. as i said before, i think this is really a risk management move. it's just a stall for time. and i think if it turns out that the activity in congress doesn't produce a lot of disruption, we don't have a debt ceiling problem, we do get a continuing resolution that allows the government to continue to fund itself, i think the fed will put this back on the agenda for their october meeting. i think they just want to sit on the sidelines because they think the environment looks risky. ashley: but, anthony, very quickly, there is no news conference in october, it's not until late december, so do you see this going to the end of the year before we look at taper again? >> i think it does. it