Greta van susteren on whether the wisconsin visit at a tense time for the state will be just the ticket to getting the trump train back on track. This as a Global Gaming ceo and lifelong republican tells fox business why hes decided to vote for Hillary Clinton. Mgm resorts International Chairman and ceo jim murren on the reasons you may find surprising. The fedhead who rarely gives interviews tells fox business exclusively that investors are not taking rate hikes seriously enough. Markets off their record highs, going lower. We do have them lower, the dow is down 52 points, but oil higher. Plus, vws cheating scandal turns criminal. The latest on the deadly louisiana floods and apple stock. Were less than an hour to the closing bell, lets start the countdown. Liz yeah, apples stock is basically flat. This as Warren Buffetts company says, you know what . Were increasing our stake by 55 . Usually that would, in the past, have given a stock a really big bump, but not so right now. Why . Are the bulls just exhausted, or does a hawk reign supreme over the markets . Hawkish talk from new york fed president bill dudley who exclusively revealed to peter barnes that a september rate hike is absolutely on the table as a possibility. Wait til you hear what else he told peter. Weve got more coming up, more detail on what bill dudley had to say. Now, the market drop had nothing to do with bhp bilton getting slashed and burned and then turning around. Jawdropping record losses of 6. 4 billion, due in part to a multibillion Dollar Settlement for what were about to show you. But then the miner gave a better outlook, so the stock is slightly higher by 1. 5 . There was that deadly mining accident in brazil last november. Nineteen people died, scores wounded when a dam broke, releasing sludge that was due in part to that company, but also bhp bilton. So there had to be a huge settlement. That is pretty much what has to do with the record loss. We also have six brokerages cutting their target on the organic food giant, getting crushed by 26 . They had to delay the release of their Fourth QuarterEarnings Results due to an internal probe into accounting. So as they figure that out, shares are not waiting for that moment. We have the bulls turning tail, we have the bears jumping on that stock. If you own dicks sporting goods, youre dance anything the bleachers. The Company Reported an unexpected rise in Second Quarter samestore sales, jumping nearly 8 for the stock, analysts had been expecting a drop. So we have a good day, certainly, for dicks sporting goods. The economy seems to be strengthening, and markets are at record highs, that usually indicates if you talk to experts on both sides of the aisle that the sitting party might have had the upper hand. Democratic nominee Hillary Clinton believes that. Shes stumping in pennsylvania for a second day in a row, today speaking with vote user in philadelphia after Vice President voters in philadelphia after Vice President joe biden joined her yesterday in scranton. She praised president obama and his efforts to turn around the u. S. Economy. When i hear folks criticizing president obama, im thinking, well, what dont they like . They dont like the fact that he helped us save the economy from the worst financial crash since the 1930s . [cheers and applause] they dont like the fact we now have 20 million more people who have access to Affordable Health care . [cheers and applause] they dont like the fact that his interventions saved the Auto Industry . Liz to be fair and balanced, maybe they dont like the fact that it is harder right now for Small Business people to start and grow their businesses, too much regulation. Maybe they dont like the fact that we only have 1. 2 growth with the financial crisis well in the rearview mirror. So as Hillary Clinton stumps in the keystone state, republican nominee donald trump is spending his time in wisconsin, a state currently grappling with riots raging on in milwaukee. Lets bring in greta van susteren, host of on the record on the fox news channel. Were talking about the economy on one hand, security and safety on another and at a time certainly in wisconsin when you have riots after a Police Officer shot an armed suspect, the guy was armed, you have riots because of that. This is clearly an issue where donald trump trying to position himself as the law and order candidate should certainly find some traction. What do you think . Well, perhaps except a mar Marquette Law School poll preceded some of this rioting over the weekend. But in that poll, secretary of state Hillary Clinton is 15 points ahead of donald trump. Hes got an uphill battle right now in wisconsin. Wisconsins always been a closelydivided state. They have a republican governor, but theyve also got the down ballot race which involves former senator Russ Feingold whos extremely popular in wisconsin, he got beaten by senator ron johnson who has lost a lot of his popularity since hes been in office as u. S. Senator. So people are rallying around senator Russ Feingold. According to the poll, 70 of the independents dont have a favorable view of donald trump. Now, can he turn all this around . Can he perhaps use some of the unrest in milwaukee to say that hes law and order yes, of course. But remember, across the whole nation weve got this thing called early voting, and it isnt november 8th thats the deadline, but in many states theres early voting. He has has to get his message out much sooner. Tonight on 10 p. M. On sean hannity on the fox news poll, donald trump will be having a town hall in milwaukee. Chosen, by the way, before all this unrest. Liz thats an interesting point, because you look at whats happening in milwaukee, but these polls tend to have a lag. Sometimes that works in candidates favor he didnt remember, liz, he didnt win the primary in wisconsin. It was ted cruz who won because what happens is a lot of talk show hosts, the very conservative talk show hosts liz they didnt like they all aligned with ted cruz, and they trashed donald trump. So hes got an uphill battle there. Liz well, and, of course, ted cruz is in the rearview mirror. He did not stand a chance. Trump has solidified his base. They have solidly for him. We all know, and its captain obvious to say he needs to expand beyond that. In just a couple of minutes, were going to be speaking to the ceo of Mgm Resorts International, a lifelong republican. He not only is not voting for donald trump, hes gone out and written a usa today oped saying why hes voting for Hillary Clinton and, quote, proudly. And he says, you know, one candidate works to create stability ask certainty, the other and certainty, the other operates erratically and unpredictablely, thats why in november i will proudly pull the lever. So he says, you know, im making my firstever public endorsement of that president ial candidate. Hes never done that before, and thats a business ceo who would, youd think, benefit from Donald TrumpsEconomic Policy to cut Corporate Tax rates. He obviously has a lot of enthusiasm to vote for secretary clinton. However, there are a lot of people who will be holding their nose voting more either trump or Hillary Clinton come november. And the one thing that always does concern me, though s donald trump has become, as hes gotten more criticism and some of the things hes said that people find offensive, im not so sure that people when they get a pollster calling will say on the phone, yes, to a stranger, ill seat for donald trump. They may go into the voting booth and do it. Nonetheless, 15 points in wisconsin. Be that poll is right, Donald Trumps in big trouble there, and he needs to do a lot of politicking out there. Liz virginia and florida too. Hillary clinton coming theres a monmouth be poll that shows shes the one that is leading there. You think about the union mentality, they have lost a rot of jobs a lot of jobs due to what they would argue are trade deals gone bad. Why in wisconsin, which is certainly a union state, wouldnt they then give donald trump a second look . Well, except that they have a republican governor. Remember, Governor Scott walker went into office saying hes going to create all these jobs, and thats one of the things that has dogged him, the number of jobs didnt. Now, the jobs situation has improved in wisconsin, so that would certainly help donald trump. But unless you get your message out to the people and its a convincing one, you know, it doesnt matter how good your message the is. If nobody knows about it or if your policies arent particularly strong and convincing to the people. Donald trump, hes going to have to, you know, hit the pavement a little bit harder if he wants to convince these people hes the one to vote for. Liz well see. So far its been a couple of hours, certainly beyond 24, that he has given his speech, and well see if he can stay on track there. Greta, thank you very much. Thank you, liz. Liz on the record, 7 p. M. On the fox news channel. And when youre talking about what appears to be working, you could argue that in the aggregate the markets hitting record highs, and were talking lifetime highs, have certainly been on track. Today weve got a little bit of a different situation. Look, yesterday there was only a 9 chance of a fed rate hike for the next meeting, but after hawkish comments from new york fed president bill dudley to fox business, that jumped for september to 18 . So were looking at a doubling there, and, you know, the market is taking that not so much in stride, a little bit of shaking and shimmying at this point. Lets get right to the floor show, traders at the new york stock exchange, cme group and the nymex. Teddy, boy, one fedhead opens his mouth, but he is a lifelong voter, hes able to vote. He doesnt wax and wane when it comes to voting opportunities, and bill dudley is a guy who rarely gives interviews. So perhaps be his words have more punch, and he told peter barnes, look, get ready, its a possibility. Do you really believe that . You know, maybe december, but the markets believe it today. [laughter] i think, you know, theres something about all the fed governors that they cant, they cant resist the opportunity to pontificate, and we see this, we see this repeatedly. Weve seen it for the last five or six years. But at the end of the day, the numbers dont lie. Everybody sees how the economy is doing. You know, two steps forward, one step backward. Europe with negative interest rate, its a big world. My bet is the fed is still trapped between a rock and a hard place. They can talk all they want, i dont think theyre going to do anything with interest rates. And when they do, yes, that will be a problem for the market. But i think for the moment, i think were on pretty solid ground. I dont think anythings going to happen no matter what the other fed governors say. Liz larry shove, the markets, 54 points, big deal. Thats a tiny loss when you look in the grand scheme of what the markets have done since february, climbing and scratching and oil too. Well get to oil in a second with elliott. But talk about the equity flows. You got a Retail Investor saying were heading into the dullest of days where yes. Liz where volume is so thin compared to the threemonth average. Should you just sit tight on your hands and enjoy the beach . [laughter] you know . No, i think yeah. You know, i think i would investor flows the way they are right now is theyre really nonexistent even on the institutional side. Weve seen a lot of people selling stock over the last month or two. What we are seeing is a lot of retail buying in gold, the etfs, silver, also the vix liz does that show fear . Okay, that to me when youre buying gold and silver etfs, let me just at least commit a corner of my portfolio to something, in my mind, is safe. Yeah, exactly. Because none of us know how any of this is going to end up. This is a policy experiment thats never been tried before, and it makes a lot of sense to have a portfolio where you can sleep at night and not have it all in u. S. Cap, large cap or to small cap. Diversify into something as negatively poorly to the equity market. Liz well, golds having a great day, best oneday gain in 14 days. Elliott, if you look at why weve seen oil jump over the last couple of sessions and this is a jump of more than 2 in the aftermarket i picked out a headline that persian gulf opec delegate is saying there will be no Oil Production cap deal without irans participation. Why would Oil Move Higher on that . We know iran is pumping, you know, pretty dramatically. Iraq productions the highest since january. Why is oil higher today . You know what, liz . I asked myself that question all day today, and i would like to have a good answer, and i really dont have one because everything you said is true. [laughter] record production, record storage. Im sure the iranians will be great team players, or i dont really see that. [laughter] liz exactly. You know, id like to say, you know, Teddy Weisberg once told me dont ever sell a dull market. So youre looking at the stocks, im with him on that. And, larry, i begged you to pay 14 for twitter. [laughter] no way sorry have fun, have fun, elliott. Liz im looking at twitter right now. 20. You know, i look at natural gas, liz, we have sort of created this atmosphere where everybodys looking at supply side, but theres two places that produced a lot of demand. Demand is off the charts. Take a look at liz its 2. 62. Oh, my gosh. Per unit . Thats cheap. Liz nothing, its cheap. Cheap. Liz hey, good to see all of you guys. Youre not cheap, youre my guys. Teddy, larry, elliott, thank you so much. Thank you. Liz you make our viewers wealthier in mind and soul and hopefully portfolio. Take a look at the dow 30. Now, you could argue that j j is the biggest drag here, down 1. 97, but thats followed by verizon, travelers and cocacola. Intel in the green at the top. More saving and more doing, helping home depot to a 9. 3 increase in quarterly profits, boosting its forecast as an improving Housing Market keeps americans hammering away. Home depot, though, down just about twothirds of a percent on that. Its still too early to think about rebuilding, though, in louisiana as authorities continue rescue missions. Thats right, outright rescue missions. Look at this video. Saving people from deadly floods, hundreds of homes and businesses destroyed. You know 11,000 people are in shelters right now . 11,000. Were going to take you to baton rouge for the very latest when countdown continues, and look at that wealth of puppies. Across new york state, from long island to buffalo, from rochester to the hudson valley, from albany to utica, Creative Business incentives, infrastructure investment, university partnerships, and the lowest taxes in decades are creating a stronger economy and the right environment in new york state for business to thrive. Let us help grow your companys tomorrow today at business. Ny. Gov hey hows it going, hotcakes . Hotcakes. This place has hotcakes. So why arent they selling like hotcakes . With comcast Business Internet and wifi pro, they could be. Just add a customized message to your wifi pro splash page and youll reach your customers where their eyes are already on their devices. Order up. Its more than just wifi, it can help grow your business. You dont see that every day. Introducing wifi pro, wifi that helps grow your business. Comcast business. Built for business. Liz breaking news, it appears a repeat arsonist is to blame for the massive california fire that started on saturday and was then fueled by strong winds. It has now destroyed more than 175 homes, the till threatens hundreds still threatens hundreds in northern lake. The fire is just 5 contained, but youre looking at where its already torched areas, its just unbelievable whats going on here. 1600 firefighters fighting the blaze, dozens of families homeless. By the way, more specifically its about 80 miles north of san francisco. The fire has caused over 10 million in damages so far. 40yearold Damin Pashilk has been arrested for allegedly starting that fire, hes now charged with 17 counts of arson and suspected in numerous fires in lake county over the past year. Absolutely horrifying. In the meantime, from fires to floods. The historic and devastating floods in southern louisiana have now claimed the lives of at least ten people while well over 20,000 now went from 11,000 to 20,000 have been rescued from their homes. But 11,000 people are still in shelters. While the heavy rains have moved on, seasonal rains may continue to be a problem. Lets get to fox news casey steegal in baton rouge with a closer look at the devastation. Reporter so heartbreaking, and despite what you see back here, there is still very much a search and a rescue operation going on across the state of louisiana. This neighborhood in baton rouge has been given an all clear, and we have seen some of the floodwaters slowly starting to go down. You not only have a lot of local first responders, of course, on the ground working round the clock here, but also the National Guard has been deployed, weve seen them in addition to the u. S. Coast guard using air as sets to pluck people air assets to pluck people from their homes surrounded by fastrising flood waters. In fact, some 30,000 people have been rescued here since friday, including more than 500 pets. Neighbors are pulling together here, some using their own boats to help people out of neighborhoods, neighborhoods that, frankly, look more like lakes instead of residential property. Nobody is going to be forgotten. Were going to work around the clock, and were going to do everything humanly possible to render aid. Reporter now, just morning another body was discovered in the water near baton rouge, that brings the death toll now to ten across the state of louisiana where nearly half of the states parishes have been declared federal disaster zones. Up to two feet of rain falling over a 48hour period in some areas over the weekend, sending mud and muck into peoples homes and businesses. Whats more, officials believe here in baton rouge particularly only 12 of the homes damaged are protected by flood insurance. Liz casey steegal in louisiana, just terrifying. Were going to keep you updated on all of this because, of course, this has a huge business implication. Tourism, fishing, all kinds of opportunities there in louisiana, so well be watching it for you. The closing bell, were about 37 minutes away. Did you see this . With the dow down 50 points, look at the Riviera Hotel and casino, reduced to rubble. We slowmowed it for you. This was last night. Of course, it was a control canned implosion to make way for a brand new hotel, but one vegas ceo has an even more explosive revelation, splashing it across the oped page of usa today. It is shaking the 2016 president ial race for at least some. That ceo joins us in just minutes. And forget e. F. Hutton. When new york fed president bill dudley speaks, people listen. The markets listen. Peter barnes exclusive and marketmoving interview and what he said that has the markets in red, next on countdown. Other third parties figured out how to get people eligible for the exchanges, get them enrolled to cover very expensive drugs and procedures. Now, these people need these procedures and they need these drugs. They need to be covered but when you couple that a risk adjustment mechanism for highrisk people that is really limited by virtue of the legislation it, causes everyone in the system to lose money. Liz and so theyre out. What if you were watching countdown you heard it here first weeks ago, that was aetna and chairman mark bertolini. He expressed anguish over obamacare over the health care giant. Small tweak would fix the situation but Getting Congress together for small tweaks because congress cant get together there. The big headline . Aetna not only losing money with obama care, approximately 430 million since 2014 when obamacare plans went on sale. It made it official. It is exiting 12 of the 15 states it had been operating exchanges. Aetna will offer certain plans in delaware, iowa, nebraska, virginia but enrollees keep the plan through end of the 2016. However they must find alternatives for next year. Looking shares of aetna. Theyre basically flat at the moment, at 119. 29 a share. While aetna warning about changes to obama care, investors got warning from new york fed president , bill dudley today, a move that rattled markets. New york reserve president dudley telling fox business peter barnes in an exclusive interview, markets may not be taking rate hike seriously enough. More with the exclusive sitdown, it kind of frightened or shook market as bit. What was nugget that turned markets red after couple record breaking days . Reporter bill dudley wanted to manage Market Expectations to communicate with investors, another rate hike by the fed in short term federal funds rate of quarter point or so is on the table for this year. He has been been cautious moving forward with higher rates, wanting to make sure the Economic Data comes in solidly for the fed to make a move. He is positive on Economic Indicators he has been watching. So, as a result, he thinks the fed could move on rates at one of its three meetings coming up the rest of this year, including as soon as the meeting at the end of september. Here is what he said. I think it is possible. I think well have to see you who the data falls, where we are in terms of the broad supports for the economy. I think economy is in okay shape. I think the consumption is doing quite well. Real income gains are pretty study. Job gains are pretty sturdy. Against that you have weakness in business fixed investment. Perhaps the election. Uncertainty may have impact on business fixed investment. Economy will be better than it was in the first half. Reporter before the day today, liz, fed futures market increasing quarter point between now and end of next year. Clearly dudley wanted to try to rein in some of those expectations. Liz . Liz peter, i thought it was really interesting, when he taed about how the economy is going to be better in the second half, were here. We better see Something Better if he is to be correct, right, for gdp . Reporter thats right. I asked him about the disconnect between 1 gdp growth in the first two quarters. He thought the Second Quarter number was a bit of an anomaly. How you square that with solid jobs reports we had for june and july. He continued to say, yep, okay, looking at all of that, it still depends on the data, the data, the data. Back to you. Liz lets get better data, data, data. Great interview, peter barnes. Foxbusiness. Com has more of the interview. You have to check it out. Meantime closing bell 28 minutes away. Dow still down 53 points. 582 points above the 18,000 level. Volkswagen facing more than just billion dollars fines over emissions cheating scandal. Now criminal charges are in play. Will someone go to prison . How are dealers dealing with it . Jeff flock has the story live in chicago. As decision time approaches, one longtime republican ceo in vegas says he is rolling the dice on Hillary Clinton. Why would Mgm Resorts International chair and ceo jim murren decide against voting for donald trump . He has a host of reasons. Stay tuned. Jim murren live with us, coming up. [announcer] is it a force of nature . Or a sales event . The summer of audi sales event is here. Get up to a 5,000 bonus on select audi models. I dont know who i am going to vote for. That is between me and the ballot box. Liz that was mgm chairman and ceo jim murren at the skybridge Asset Hedge Fund conference back in may. That is what he told me when i was there. But jim murren, who is the chairman of Mgm International resorts has officially changed his mind about that and he did so by writing an oped for usa today, which he wrote, one candidate works to create stability and certainty, the other operates erratically and unpredictably, behave qualities the market be a abhores and punishes. I will go into the voting booth in november, i will proudly pull the lever for Hillary Clinton. That is one thing to tell it privately, tell a couple friends, splash it on usa today. Why is it important you to do that, why are you pulling lever for Hillary Clinton and not for a lifelong Republican Donald Trump . This is new for me, liz, ive been watching with great distress the rhetoric from donald trump and how hateful a lot of that dialogue is at a time when im very concerned about the Financial Markets, the economy, about trade, about immigration, and i felt like it was unacceptable to me to remain silent, not at least lend my voice from a business persons perspective, why the erratic, unpredictable nature of one candidate will be harmful to the economy and the Financial Markets and why a more pry dickable steady choice is the right way to go. Liz how is this going over with your republican friends . I would imagine that you have to then some pushback . I have. Ive made this clear this is an opinion that i formed as a private citizen. Im not representing the 68,000 employees that work for me, soon to be 75,000 employees but i do think that i hear their voices when their issues are of diversity and inclusion, of immigration, of feeling they are wanted and included. I think you know since you are out here, many immigrants for literally millions, have their first jobs in the hospitality industry. And a lot of these folks are very, very scared about the Political Climate right now. I couldnt feel i could ignore that. Liz let me jump in say, donald trump is for Legal Immigration and having at least a little bit more control of who gets into the country at a time when we have seen in other country, certainly in europe where refugees, i put those in certain cases in quotes, have come in and then caused mayhem. Surely you can understand that perhaps we need to be vetting certain people a little bit more tightly . I totally agree with thatnd a i think we are and i think we can. I do not believe strong borders and having a good immigration and tourist policy are mutually exclusive objectives. I think we could accomplish both but, what has happened is this viliification of a mass of, swaths of people from around the world at a time when the United States is a very big part of the global economy. Were not a isolationist nation, nor should we be in my opinion. Liz look, one of the things that you mentioned is actually trade which i found really interesting. You wrote hillarys pledge to support trade agreements that boost the economy and benefit american workers. Let me play devils advocate. Growth is at 1. 2 . How is that a boost. Certain trade deals left our manufacturing in the dust. How is that a boost . There is no doubt that we can improve our trade deals but to take a step backward, like for example, rip up nafta, and alienate two of our strongest allies is not moving in the right direction. What i have learned, if i learned over all the years of doing deals there are no winners and losers in good deals. There is area of compromise. So, i believe in trade. I dont think that secretary clinton has all the answers on this. I think it is going to require a bipartisan effort, but at least were moving in the right direction instead of you know, pulling up our tent and trying to go it alone. Liz wouldnt you love Donald TrumpsCorporate Tax rate . He wants to take it from 35 , among the highest in the world in the United States, to 15 . Wouldnt that help your company and your shareholders . Well, my taxes would go down under donald trump but i cant be a single issue voter this year because of all the other issues. I do believe, and i have talked to many of my republican friends, and democrats, that we need to clarify and simplify the tax code, eliminating a lot of deductions corporations take and coming up with a lower but more manageable and defendable tax. Liz okay. There is no doubt about that, and from a personal perspective, i think that i have to put the global picture into perspective relative to lowering my personal income tax. I cant live with the thought that im going to ignore immigration and diversity inclusion, and trade and sustainability because i want a little bit lower tax rate for myself. I wont do that. Liz okay. I get it. Looking at aggregate of issues. I have got to finish with this, some people say, jim murren, he is vegas ceo, and donald trump done business with vegas. Maybe they had some business falling out. Is there anything like a personal business vendetta, anything that ever happened between you two that would make you flip your vote here . No. I doubt that donald could pick me out of a lineup. He travels in a lost at thisser, starstudded group of friends loftier. Were not socially active with one another. We have no business connections. Obviously were a large player here in las vegas. He is a nonevent in this market. Were a big player in atlantic city. He long ago left that market. No, were not competitors or ndfries. I have much of a relationship with him. Liz listen, the oped in usa today. Its a stance. You got out there out front and put your money where your mouth was. We appreciate you coming on to talk about, jim. Thank you. Thank you for have being me. Jim murren, mgm resorts ceo. See much more interview in claman confidential. Look for the lizclaman. Com for the exexclusive interview with jim murren. The dow is down 61 points. Are we losing a little more ground in final couple of minutes . It is a first for the car business. Audi unveiling exciting new Traffic Technology that one day could reduce your chances of getting into a car crash and make for open roads for drivers. But the news isnt all good for volkswagen. As it faces criminal charges, jeff, what . Now people might go to jail . Reporter thats possible, liz. Justice Department Apparently found evidence of criminal behavior by volkswagen. Where will that lead . Well have ideas about it from the vw dealership in suburban chicago when we come back in a moment. Not exactly like jettison like, George Jetson technology. Were getting close. Audi will unve thnology to alw your car to talk to traffic lights. Vehicle to infrastructure. Vti. They will see timer on dashboard counting down seconds until the light will turn green. Eventually this should help prevent crashes and reduce congestion, right . People will not gun it . What is it if it is off . Im always trying to time lights. Feate corough the audi connect package. It starts 25 a month. Starts rolling out in major u. S. Cities by end of the year. Just squeezing the lemon, officer. Pushing through the yellow, sorry. From technology of the future to technology of the past, illegal technology, the Justice Department has now found criminal, criminal wrongdoing by german automaker volkswagen, yeah, audi, related to its emissionsrigging scandal. Government lawyers are currently in discussion about a settlement. Charges vw could be facing as well as hefty fines. Forget the fine. I pay the fine. Jail . Jeff flock is digging into the fine print. He is live at wv dealer in chicago where theyre just trying to clear the inventory off the lot, my gosh. Reporter theyre counting down when the thing is over, no time soon. Sources telling wall street journal, appears government found evidence of criminal wrongdoing. Taking us to a whole new level. These are, diesel vehicles. They have already paid 15 billion in the civil portion of this. Everybody that sued them in the big classaction lawsuit. They have already done that. How big could the criminal penalty be. As you point out, there is the possibility that some executives could go to jail, like martin winterkorn, for example, the former ceo bounced out of there after this whole thing . Is it possible that he could face personal criminal charges, or one of his deputies . Some of them have already been discharged from the company. Well see. I tell liz, takes you through the whole scandal, the toyota scandal unintended acceleration, gm scandal, ignition switch problems. If you look what those companies paid in criminal liability. 1. 2 billion for toyota, 900 million for gm. This could take it to a whole another level in addition to the potential of actual people because in that case nobody actually went to prison but here there apparently is evidence that people really change in the emissions system that, you know, could get them in very serious hot water. You know you talk about two big to fail on too big to fail on banks, i point out the three big scandals are also the three biggest Auto Companies in the world. Maybe they are too big not to fail, liz . Liz i can tell you i know enough people who own clean diesel and bought it for clean diesel, theyre furious it wasnt clean diesel, not at all, jeff. Reporter look at the dealership, there is not a lot of people here coming for vws at the moment. Sales down 15 this year for vw. It is a ghost town. Liz i will take porsche. Used carrera. Nice e liz it is preowned. Like they say preowned. Floor director says i will preown that. Jeff, thank you very much. The closing bell, seven minutes away as markets pull away from record highs. Time to forget the bulls versus the bears. How about focusing on Ugly Ducklings . My next guest, up next, you have billions in assets under management. He is going to teach you how to pick Ugly Ducklings that make you money. Yeah, thats next. Why pause to take a pill . Or stop to find a bathroom . Cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. Tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. Do not take cialis if you take nitrates for chest pain, or adempas for pulmonary hypertension, as it may cause an unsafe drop in blood pressure. Do not drink alcohol in excess. Side effects may include headache, upset stomach, delayed backache or muscle ache. To avoid longterm injury, get medical help right away for an erection lasting more than four hours. If you have any sudden decrease or loss in hearing or vision, or any symptoms of an allergic reaction, stop taking cialis and get medical help right away. Ask your doctor about cialis and a 200 savings card. Liz bulls, bears, and ducks . Ugly ducklings . Oh, my. With the market still near record highs pulling back today at this hour, traditional yield sectors are getting expensive. That Means Companies that pay out dividends. The dow is now down 80 points in the final three minutes of trade. My next guest says go for the Ugly Ducklings. Those should be on radar. Mark spellman has turned many Ugly Ducklings into beautiful swans. Two billion in assets in management. How do you spot a ugly dug link . You go to the cash flow and balance statement. Companies with good franchise look for opportunities to buy them. If theyre generating lots of free cash flow, continue. Maybe they had a hiccup or macro issue. That cash flow keeps you involved. That is opportunity, when you see the company raising dividend 10 plus years is something we look for. Liz how is that a Ugly Duckling . Tell me if im wrong. I would think ugly duck links would be unloved names . Which recently got involved with supermarket chain, kroger, down 25 yeartodate in the up market. That is Ugly Duckling as far as were concerned. That matches our liz your metric. Our metric for rising dividend. 10 plus years. 14 years generating dividends, rising stock. Part of whole foods problem, kroger is impactful on organics, triple their private label. Right now theyre having this deflation food issue which i think will dissipate soon. If you have 12 to 18 month time horizon you will do really well. Down 25 qualifies as Ugly Duckling to me. Liz that is. Why discover financial . Yeartodate it is up 8 , matching or beating the s p. Over 26 weeks up 30 . Doesnt look ugly to me . Recently it is up. For the past year, it definitely underperformed. Discover, everyone has been waiting for higher rates. They have been thinking that will benefit them. That is a name that just raised its dividend, it is buying backlots stock. We think they make inroads with millenials. They have great features. Fico score, freeze it feature. It sells less than 10 times earnings. Liz do you get worried a day like this after markets hit record after record, were down 81 points for Dow Jones Industrials right now . I dont get worried. Im worried about the complacency. There is over 30 days less than 1 move in the market. That is very, very low volatility. Liz tight range. I happen to agree were not discounting potential for higher rates. If that were to happen, that would be a problem. [closing bell rings] Consumer Staples and utilities, theyre not discounting that. Liz mark spellman, thank you very much. He will put all his picks on the facebook. Com lizclaman page for the alpine fund portfolio. Ashley and melissa, pick it up here. Ashley thanks very much, liz. Stocks retreating as we see from record highs. Dow, s p, nasdaq all ending in the red today. Im Ashley Webster in this afternoon for david asman. Melissa im melissa francis. We have you covered under big market movers. Here is what else we have for you this hour. Donald trump meeting with Law Enforcement this afternoon, a scene of violent riots this weekend as wisconsin Governor Scott walker flames Hillary Clinton for inflaming the situation. Trump facing criticism for what he is calling extreme vetting of immigrants in the u. S. Campaign