Transcripts For FBC Markets Now 20130709

Sarcasm to start the hour. Talking about egypt dagen im personally excited youre here and you were not here for a number of days. Connell speaking of which, nicole at the New York Stock Exchange to start the hour. Good morning, nicole. Good morning to you. We are seeing markets with up arrows again. We had two full weeks of trading with up arrows, and these two days weve seen thus far also showing gains. Were not too far off from the closing high of 15400andchange, the dow up to 57 points, names gaining, and the dollar is higher. Tenyear treasury, 10. 62 . You have a lot of names on the move today, some really names coming under pressure like soda stream, groupon, and zinga. Back to you. Connell thank you. Dagen the Muslim Brotherhood rejected a plan to see president ial elections early next year. Connell from fox news in cairo with the latest, connor . The political crisis deepening. Yesterday, 50 killed when they opened fire on the Muslim Brotherhood who said they participated in a peaceful protest, and the military, however, said they were attacked by socalled terrorists, but 50 people killed, more than 400 injured. Today, they began varying some of those that were killed as the military and the proMuslim Brotherhood groups continue to clash around town, although, nothing particularly violent, though. Theres reports of minor scuffles around town, and at least one bomb diffused in geza, not far from downtown cairo where im at now. Other things happening around here, the interim president laid out a road plan to transition to a democratic civilian government calling for elections in about six months or so for the parliament, and a few months after that for the president. Theres rumors a new Prime Minister will be named here in the next few hours and a Vice President. Although, theres a lot of names floating around right now, and the negotiations are still ongoing, but so far, the Muslim Brotherhood rejected all talks about a transitional road map. They are refusing to be part of any type of new deal going forward. They are calling for allout revolution against the military here, connell. Connell connor powell, thank you, pleater appreciate that. Bringing in kt mcfarlane, fox news security analyst here, and phil flynn out in chicago. Theres one thing crossing on the wisers, guys, that the armed forces is about to issue a statement. Maybe theyll Say Something while we are talking here. We have to focus on the money angle to start off, kt. Theres a debate in the country whether to keep sending aid to egypt. It centered around whether its characterized, what connor described, as a military coo. Where do you stand . Dpl its about following the money in several directions. Coo schmoo. Okay, they deposed a democratically elected guy, but hitler was democratically legislated. Hitler went about dismantling democracy after he was elected. Thats what morsi was doing, dismantling democracy. We should continue aid. The more important money to watch for is the saudi and gulf money. When morsi was elected, the first place he went to iran, saudi arabias arch enemy, made nice with iran. The saudis were angered and shut the checkbook. Egypt is in economic free fall. If they are not bailed out by somebody, and ours is not enough, if its not saudi arabia, the wealthy gulf oil states, they are starving by the end of the year because they need the money to import wheat to feed the people. I was fascinating by the two people running egypt. The defense minister closed tied with the saudis. He was a Defense Attache for a number of years. Lets see if money shows up. Connell the United Arab Emirates gave 3 billion to the egyptian, theres some money thats interesting. Yeah, which was not before. Speaking of the importance of saudi arabia, and i want to get to phil quickly, phil, to ask you, oil at almost 103 a barrel. What would it require to send oil prices significantly higher from here . What would we need to see happen . Perhaps a threat in the s urges e suez canal, an attack on the pipeline, all of which Impact Oil Prices dramatically. Theres been risk premium in the market. Because the canal is on alert, thats priced into the market, but the reality is if things if we get a little bit of relative calm, well take that premium back out of the market, but if you see the disruptions right now, the other thing for the global market, egypt is seen as a safe haven, transit area. You know, in times of stress in the middle east, if we have problems in any other country in the middle east that heat up at this time, that could make premiums go up higher. Dagen thanks, phil. Kt, you dont see that happening, do you . Look, ive worried about the canal for two years. Its a very as a vulnerable pla, 120 miles long, a oneway street, not wide enough for two lanes, theres one lane and a passing lane. If something happens in the canal because guess who set up shop in sinai there . Its alqaeda. If they match up, youll see the peninsula used as a staging ground for attacks, terrorist attacks on egypt proper and on the s org suze canal. Connell what can we hope for . That egypt stays alive creating an economy to recover and, finally, follow the money. Dagen always. Connell and the money coming in. Kt, thank you. Dagen kt, thank you so much. Connell going to the markets now. Forget about Everything Else right now, and Pay Attention to china. Remember a few weeks ago, there was a selloff when China Central bank indicated they might pull back on stimulus . Well, the chinese ben bernanke, the guy named jao shook it up, he really shook up the world markets. Dagen thats right. Theres new information out, new numbers, that basically backed the central bank in a corner, if you will. We have more. Jo . The data came out underlines the fact the chinese economy is slowing down. The inflation rate rose from back in may, and look at this. We see a rise in inflation year over year, and this has investors looking squarely at the Second Quarter numbers released monday. Consensus expectations are for growth of 7. 5 year over year, and that would be the slowest rate in 23 years for china and the second consecutive quarter of decline. Now, asian markets still closed higher, despite bad news. Just a day earlier, there was a selloff over concern of the slow down. Today, the nikkei surged, and the south korean kospi up, and the hang seng index up half a point. Looking ahead to 20 14, economists who are bullish cut estimates already for next year saying it could sink as low as 6 with a lot waying on how the Chinese Government deals with the credit crunch an monetary tightening. Dagen jo, thank you so much. Of course, this news comes a day ahead of our own Federal Reserve releasing minutes from the last meeting, theres another speech in front of Congress Later this month, and what to make of this, chief investment strategist, we have to worry a lot more about ben bernanke and our own Federal Reserve. Is that safe to say . I dont want to say forget china, but lets do for now. Well, china, the figures over there, dagen, i dont trust the figures. The aggregate consumption figures do not put up with the retail numbers. The survey techniques do not keep up with the Rapid Development of the service sector, and the surveys do not capture the weltiest spenders if you will, and the ones it capture, they lie about what they spend. A lot of transactions take place in cash. I dont put a lot of emphasis on the numbers from china. Dagen do you put a whole lot of emphasis on the buoyancy in the stock market . Well, you know, im constructive on equities dagen constructive . How about negative . Youve been negative. Oh, ive been positive on equity markets until the middle of july. Ive targeted the middle of july for the past two months. The minor appointments are july 11th, 12th, and major timing point is july 19th. Were subject from here on out into next week to the start of the first meaningful decline of the year. Yeah, thats true. Dagen what about what worries you the most . If you looked at, say, how this kind of smaller Big Companies if you will perform, the nondividend paying stocks, have been performing, would you would you be more apt to buy dividend stocks even though Interest Rates look to be rising . I think the Interest Rate thing is overdone in the short term. I think rates come down. Ic the markets misinterpreted the statements. That said, i do like dividend paying stocks. B spoke with a piece over the weekend, one of the old stock markets saws that i learned back in the 70s is when they start running the dogs, you look over the shoulder, and if you look at what the b spoke people wrote and the different sectors and Asset Classes they wrote about, they run the dogs. Were building for an interimmediate term stock. Dagen you would stay away from the financials expecting pronounced weakness there, yes or no . Well, yes well, not in the in the near term, yes, in the longer term, no. The Balance Sheets are in better shape than in a long time. Dagen but near term, you dont like them . Near term, i dont like them. Dagen jeff, thanks. Pleasure. Dagen as always, stay cool. Connell we are just about to head out to San Fransisco, and the airport there, to get an update with the new developments on the asiana aircraft crash. Dagen who is flooding the u. S. Housing market . Buyers from china. Liz macdonald has that story. Dagen stocks now, the ceo of barnes noble goes byebye, annie coal is all over the story. This is one worth looking at here. Barnes noble, the first thing you think of is the nook ereader and their Digital Division which really has failed to compete. I mean, we know that the ereader, the nook, had lackluster sales, certainly doesnt compete against other tablets and ereaders, just part of the problem for barnes noble coupled with weak same store sales, and with that, the ceo steps down, william lynch, stepping down, resigning, and, obviously, now, well see what goes on. Theres a handful of executive changes, and, today, the stock is not moving up on the news. Its a stock thats done well year to date. I think some of that was because of some acquisition or takeover talk, at least in part by microsoft and other names looking at at least at the nook, but for today, its all about the ceo stepping down because they just didnt cut it. Back to you. Dagen nicole, thank you. Connell going to the San Fransisco plane crash as investigators hope to get answers today. They are questioning two more pilots in the cockpit. Dagen fox news is in San Fransisco with a lot more. Hey, adam . Hey, yeah, in fact, the ceo of the airlines coming in to San Fransisco today to help oversee the investigation or watch it from their level, and, also, officials from not only korea, but china came here to take part or watch the investigation take place. The ntsb is good about updating us with a press conference later today. Yesterday, we had a ton of information. They spoke with two of the four pilots in the cockpit. They mentioned the plane was coming in significantly lorer than it should have been, 40 Miles Per Hour slower than it should have been the the pilot that crash landed the plane was landing in San Fransisco for the first time on a 777, and he only flown 4 p hours, and now the person oversees him, it was his first time overseeing another pilot in that position so two very green people in the positions were at the front of the plane when it crash landed in San Fransisco saturday night, but having said that, the ntsb will not jump to conclusions ensuring the investigation proceeds normally. Take a listen. Really, were looking at everything now, all of the issues on the table, and were two full days into the investigation, and so when we identify issues in an accident, its usually not just one thing that causes a crash, and so we need to make sure that we are considering everything, and we connect the dots. Basically, it shows that everything is not always as it seems. Theres the chance its a combination of human error and technological error, but we wont know for a number of month z as they continue to invest gait, guys. Connell live in San Fransisco for us. Dagen stunning story. The chinese scooping up kensive expensive homes in the u. S. With cash. Connell foreign money in the real estate special on markets now, and the irs accidently posting tens of thousands of Social Security numbers online. Dagen oh, yeah. Connell oops. Before we get to any of that, we look at numbers for you up to date on world currencies, how they are all fairing against the dollar. The most Free Research reports, customizable charts, powerful screening tools, and guaranteed 1second trades. And at the center of it all is a surprisingly low price just 7. 95. In fact, fidelity gives you lower trade commissions than schwab, td ameritrade, and etrade. Im monica santiago of fidelity investments, and low fees and commissions are another reason serious investors are choosing fidelity. Now get 200 free trades when you open an account. At 22 minutes past the hour, im Patty Ann Brown with the fox news minute. In arizona, Vice President joe biden will be among those attending a Memorial Service to honor 19 elite firefighters killed on june 30th battling that Massive Wildfire northwest of phoenix. The service is expected to draw thousands including firefighters from across the nation. The three women held captive in cleveland homes for as long as ten years are speaking out. In a video posted to youtube, amanda berry, gina, and michelle thanked the public for the encouragement and support. Castro, arrested for raping and kidnapping the women pled not guilty. Nsa leaker Edward Snowden agreed to the offer from venezuela for political asylum. Hes believed to be in the transit zone since june 23rd. Those are your headlines. Now back to dagen. Dagen thank you. Connell back to china. Chinese buyers pouring into the u. S. Housing market and buying like never before. Dagen where they are buying may surprise you, but liz knows, and shell tell you in the bottom line stating that is most attractive to those in china. Its florida and california. Show the map. Youll be surprised at where else they look, where they pour into u. S. Housing. Its also arizona, texas, new york, and you see nevada and georgia and north carolina, and, guys, heres whats interesting. Talk about california. More than after of the homes sold to foreigners in the state of california are not going to chinese buyers. What happens is main land, hong kong, taiwan, foreign buyers from china buying houses across these states, and they are industrialists, tycoons, paying top dollars, 70 of the deals from china are all cash deals. They are spending about 425,000 median on buying homes. They are buying topdollar properties. Basically, thats 30 , 40 higher than what the median has been across the country, and so while china is still second to canada in terms of the foreign buyers coming in, they are buying in the states, buying resort properties as well, guys. Its really an Interesting Development that the National Association of realtors are saying that china is the fastest group, growing group, of foreign buyers of u. S. Homes, and im going to toss it back to you guys. Dagen thank you so much, liz. Sure. Dagen proof what the Federal Reserve has done with Interest Rates between the foreign buyers and financial buyers like the hedge funds, the average home buyer is off because of ben bernanke. Connell china specifically, canada doesnt count, ey, you know what i mean . Dagen going to get canadian hate mail. Connell no, they are so close to us, they dont count as being foreign. Another black eye for the irs, possibly, listen to this, possibly tens of thousands of americans Social Security numbers posted online. Dagen awesome. We will talk about that story, and what the g. O. P. Is doing to go after the irs. Heres some of todays winners on the s p 500. [ male announcer ] meet mary. She loves to shop online th her debit card. And so does bill, an identity thief who stole marys identity, took over her bank accounts, and stole her hardearned money. Unfortunately, millions of americans just like you learn all it may take is a little misplaced information to wreak havoc on your life. This is Identity Theft. And no one helps stop it better than lifelock. Lifelock has the most cprehensive Identity Theft protection available. If mary had lifelocks bank account alerts, she may have been notified in time to help stop it. Lifelocks member Notification Service is on the job 24 7. 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Dont wait until you become the next victim. Dagen we are almost at the half hour mark. Another irs mess up, to be polite. Social security numbers we on the internet. How safe are your numbers . Corporate espionage goes cyber. Earnings season underway. Alcoa beat expectations, but what is coming up on wall street that we should all care about. Connell lets find out. Nicole petallides is down on the floor of the New York Stock Exchange. Nicole there is a lot to care about. The stock hitting an alltime high today. There it is at 12413. We know it has been a winner this year. Todays move is attributed to the fact that the companys stock will be moving into the nasdaq 100 index. Oracle will beat translating to the door New York Stock Exchange. It is likely that they will have to buy shares of tesla in order to mimic the tesla 100 to a t. It is up 266 this year. Dagen thank you so much for that. Just when you think you cannot dislike the Internal Revenue service more, they say they have mistakenly posted Social Security numbers of tens of thousands of people. Bret baier joins us from washington, d. C. You cannot make this stuff up. Good morning. They have had a pretty bad month. Lets just say that. It is now estimated that more than 100,000 names were on this website. It was discovered by this group public research. Org. They learned about this breach. The agency is saying they are going to rectify it, but it is a big blunder. Dagen a big blunder. How does that play into the targeting of groups . The irs is charged with enforcing that law. How does it play out with the gop in weeks to come . We are into the budget season now. Republicans will be focusing on that. They will be dealing with the different elements of the budget and the upcoming debt ceiling increase. One of the things on the table is the irs and the funding of the irs. This factors into all of that. Why should the irs get more money . Dagen how do you think that ends up working out . How do you think it plays out between the gop . I think there will be some sort of stipulations on the irs. I bet, eventually, the agencies will get the dollars. Just by looking at how capitol hill has operated before. You are right about obamacare. It hinges on the ability of the irs. Connell in terms of the irs, when do we get answers about what really went on there . Things you talk about the budget season. Things have a tendency to fall by the wayside. They have pledged to continue their investigation into the irs. They are demanding that danny warhol come back up and present another report. The last one, if you remember, lawmakers were questioning him and scrunching up the papers saying it was not worth what it was printed on. They have continued the investigation. I think we will get more answers, but not right away. Dagen great to see you, as always. Thank you so much. You can watch bret baier every weeknight on the fox news channel. Be well. Connell the cyber theft pandemic. It is kind of a theme for us today talking about china. General keith alexander, he has been in the news for a number of other reasons lately. However, the exact figure is it is big. We need to do something about it. Dagen that was admiral dennis blair on markets now last week. The affect of 300. Billion dollars annually. That is just one statistic cited at this hearing. One analyst says one culprit stands above the others. Make Clean Energy Tech knowledge he a priority. The next thing that happened was the Clean Energy Companies became targets. Lawmakers are debating a handful of responses. It would allow the government to block imports that feature stolen u. S. Intellectual property. Still, much of the burden falls on the private sector. Both companies are falling victims. Their performance varies this is likely to be a highlevel topic this week as the dialogue between the United States and china begins here in washington. Treasury secretary jack lew is hosting the primary chinese host for dinner. Connell rich, thank you. Dagen new reports that the white house is looking to get our troops out of afghanistan sooner than originally planned. We talk with scott brown about why. Connell alcoa, as usual, kicking off earnings season. Dagen america is no longer the fattest country on earth. We are so proud. Take a look. I dream about that being like the, the headless fat person. Take a look at treasury markets. Friday night, buddy. You are gonna need a wingman. And my cash back keeps the party going. But my Airline Miles take it worldwide. [ male announcer ] it shouldnt be this hard. With creditcards. Com, its easy to search hundreds of cards and apply online. Creditcards. Com. And apply online. 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I am lori roth and with your fax business brief. The foreclosure rate was down significantly. Since the financial crisis began in september 2008, there has been roughly 4. 4 million completed foreclosures nationwide. Whole foods and Caseys General stores benefiting from the deals. Those stocks hitting alltime highs. The japanese automaker it will be going on sale in india later this year. That is the latest from the Fox Business Network. Giving you the power to prosper. Connell how about the u. S. Getting out of afghanistan and a bigtime hurry. The New York Times has a big story about it this morning. We have former republican senator scott around with us now. He joins us with perspective on that. What is your view . While they may take them out of afghanistan, they may put them in other areas. What about all the contractors that will be left there . We pay about three times as much. Who will protect them . I personally think it is a mistake. You will leave a lot of the things that we have done in a positive manner on the table. Connell you brought up the money angle. That always interests us. Broadly speaking, is it worth it . That is a question. We do have a plan to withdraw. The question now is, because of the transition of what is happening over there, are we going to leave everything on the table . We are a stabilizing force, whether you like it or not. It is something that we have planned on doing. We spent billions of dollars doing it anyway. We are just going to leave . If we leave, we will be right back there sometime in the near future. We will have to see what the details are. I do not know too many people that are in favor. Connell i thought it was funny that they said president obama, according to reports, that he was growing frustrated with the president of afghanistan. You could have wrote that story a number of years ago. The Quick Reaction force is to potentially perturbed our contractors. Protect any real problems. We have spent so much time and money and blood in that country. I was sitting in the same room with them. That is when he was talking about how he would be supporting the taliban. We all looked at him. It was incredible. Then what . Will we leave all of our games on the floor and not have any type of progress in that region . That is a great question. We will see what happens. Connell we did not need a panel today. It is always good to see you, senator. Thanks for coming on today. Dagen stocks now. Keith bullets joining us now. I think the expectations have been ratcheted down so severely. You may see a lot of companies barely beating their estimates. Second quarter is supposed to be a little bit of a trough here. Hopefully, that is all it is. I do not expect a real good earnings surprise. Dagen what could lift stocks higher . Certainly not higher Interest Rates. That will change the dynamics. I think that higher Interest Rates will help Financial Companies which is the one factor that is supposed to be performing well in the Second Quarter. Dagen good to talk to you, keith. Be well. Thank you. Connell the u. S. Is losing the top spot in a new un study. It is a good thing. Dagen some of the winners today on the nasdaq. [ lighter flicking ] [ male announcer ] youve reached the age where giving up isnt who you are. This is the age of knowing how to make things happen. So, why let erectile dysfunction get in your way . Talk to your doctor about viagra. 20 million men already have. Ask your doctor if your heart is healthy enough for sex. Do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. Side effects include headache, flushing, upset stomach, and abnormal vision. To avoid longterm injury, seek immediate medical help for an erection lasting more than four hours. Stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or hearing. This is the age of taking action. Viagra. Talk to your doctor. Dagen lets talk about the batter of the la boulange and we are not winning. A new report from the United Nations revealing that mexico has replaced the u. S. As the world fattest nation. 70 of the country is overweight. Childhood obesity tripling in that country over the last decade. 32 of americans are obese. Connell we joke around about it all the time, but that is why it is a serious issue. Why we are talking about it, how about this story . Twinkie is back on store shelves in less than a week. Twinkies will have a 45 day shelf life instead of the original 26. Oh, great. That is terrific. Hostess stopped production last year after Union Workers and the company could not reach an agreement on their contract. Dagen apparently the shelflife extension was cooked up, no pun intended, by the now dupont manufacturer of the twinkie. We are going to have a taste off. Connell that will be good. The twinkies just hatched. Lets go now to the weather. Fast moving Tropical Storm is racing towards some smaller islands. We are here to talk about that. Dagen she is a very fine meteorologist. Hey, maria. A lot of people have been connell i know my storms. It is kind of serious. Maximum sustained winds at 65 Miles Per Hour. It is forecasted to continue to intensify as it does move into parts of the caribbean ocean. We do have a number of warnings out here. A brandnew hurricane watch that was issued for the dominican republic. We could be talking about a hurricane as we had into later today or even tomorrow. When you take a look at this picture, it really does not look that organized. It does have some very strong wind gusts. Asas we had into early tomorrow morning, we could have maximum sustained wind of 65 Miles Per Hour. Haiti producing a lot of wind out here. The storm system is going to begin to slow down. We do have very warm ocean water. That could help to identify it. Very uncertain what this storm will be doing. Very warm water out here across the atlantic. Hot temperatures in the planes. Triple digits for kansas city. The heat expected to continue out here. Will the twinkie taste off dagen i am sure some goofball around here has some stuff away somewhere. Look out for old twinkies. That is a good idea. Thank you for that. Keep me posted. Connell midtown manhattan. We can see radio city. Dagen is interviewing bret baier. One of the food trucks, the Fire Department is on hand. One of the food trucks in manhattan just caught on fire. Dagen there it is. Connell this happened during the show. You can check out my twitter feed. There were big orange flames coming out of that food trucks. Dagen the smell of burning frankfurters will cover up the other bad smells. Connell hopefully everyone is all right. Anyway. Moving right along. Dagen egypt, the Muslim Brotherhood rejecting plans of a new president. Cutting back on u. S. Financial aid to these nations. Connell first solar. Some power ceo joins cheryl. Market now continues. I want to make things more secure. [ whirring ] [ dog barks ] i want to treat mo dogs. Our Business Needs more cases. [ male announcer ] where do you want to take your business . I need help selling art. [ male announcer ] from broadband to web hosting to mobile apps, Small Business solutions from at t have the security you need to get you there. Call us. We can show you how at t solutions can help you do what you do. Even better. Welcome to the second hour of markets now, and the dow is pushing higher. It could be the first fourday win weve seen since the month of april. Million low, everyone, im cheryl casone. A bull and bear debate on whether tapering costs hurts or helps the markets. Its going to be a heck of a debate. Now from bad to worse in egypt as the Muslim Brotherhood rejects plans for the president ial election with calls why washington to cut back or eliminate u. S. Financial aid to that battered nation. Plus, former treasury secretary good geithner building a treasure these days. You wont believe how much he made in just three speaking engagements. It pays to be tim guy near. Top of the hour, and as we do, stocks now, nicole on the floor of the New York Stock Exchange trying to make a nice fourday winning streak. Whats pushing the dough hirer . Beyond the hat trick, going for the fourth day of gains. The dow moving above 15 p 3 15305 today. We really are getting closer and closer to the alltime highs. Right now, you see the market continues to move higher, earnings season underway, we heard from alcoa. Later in the week, financials are key. You are seeing buying across the board, a little less worried about the risks seen, and that volatility was the backandforth action, and, today, buying again. Drug stocks, retail stocks, bank stocks doing well, gold higher, and everything has an up arrow for the most part. Tesla is jumping, barnes noble. Back to you. Cheryl nicole, thank you very much. See you 13 minutes from now. Well, positive Earnings Results help markets shake concerns over Monetary Policy tightening. Both here and around the world. We have kathy boyle, and cabria investment officer. Kathy, you are bearish. You are the resident bear, as i call you. You see it in the technicals of the s p that tells you that global mornings are going to pull back, and especially in this country, the s p, its going to pull back . We had to cross 1650, which we are close to, and build inverse head and shoulders, coming down to 1600 with a rally from there. Cheryl thats the technical chart you see saying theres something there. You disagree . You know, we trade all Asset Classes so in the global tactical funds, were long u. S. Stocks, but due to the evaluations there, we have a much higher exposure to foreign ecstasies, equities. Cheryl risk you right now. It is. The third most expensive market in the world, the u. S. , while not terrible valuation, theres better opportunities abroad, but at the end of the day, we respect the trends as well, and if trend deteriorate, well move. Cheryl trends show us emerging Market Investments that investors take the money out of emerging markets, taking it out of the brick countries, putting it back to the work in the u. S. , knot helping kathys argument who is bash ire on u. S. Markets. We disrisk over the past six months, pretty much eliminated the commodities position, getting out of realize and foreign. U. S. Is really the last and best performancer. Theres 60 cash of etf. It it declines, we exit as well. Cheryl we are trying to get a four day winning streak. We know about tapering and the fed governors, and every single fed president governor spoke about what caused the volatility, and thats tapering at the end of the year. Markets are not as volatile as you were concerned about. Right, vix is down to 14 and change, huge decline over the last couple weeks. A lot of complacency in the market place. Bears down to 20 , which is risky. Thats a contra indicator. Its a matter of circumstance. It will happen, when and how much . Buying yields move up in anticipation. Mortgage rated moved up enough that a 300,000 mortgage in 30 years increased 250 a month. That hurts the housing market, the core growth of the country. Cheryl making your argument better for international narcotics. Well, look, a lot of these countries are bombed out. Greece is trading long term ratio of three. That is a generational low so a lot of the countries, greece, ireland, russia, we think theres a huge opportunity in the next five and ten years. Maybe not in the next quarter, but the next five years, theres a big, big opportunity. You have to know the investor. Thats the thing, long term investor, and in the etf, tactical, you move around, great, a professional can do that, but the average investor is gun shy. They took a long time to get in, buy low, sell high, never learn. Cheryl you have a different approach, doing Different Things as jobs outside of the studio. You manage private money, youre in the etf groups, selling to institutional investors. From your perspective, kathy, do you have plans coming into the office saying i dont trust the markets, i want out, at terntive investments. Absolutely. Another show, i got a 5 million client called saying, help, i have to preserve now. We see a lot of people that really want to protect it. They are worried. Business owners are not employing new people. They are worried about putting money out, worried about the underlying economy. They are not comfortable. Cheryl last word, quick. Are the institutional moneys coming in or looking outside the market . I think its both. Institutional money has been allocating, and what they are looking for in many cases is a lot of alternatives. Theres a big need for investments that will diversify the portfolio, traditional assets. They were burned by allocating commodities at the wrong time. We are looking for ideas. I think theres plenty out there, managed futures and currencytype strategies to help diversify the traditional portfolio. Cheryl thank you. Good to see you. Kathy, good to see you. Were here for you. Well, we were talking about international markets, and now to egypt where the military rejected a transition plan put forth by the interim president for elections. We are in cairo with the latest. Cairo, what do you think . Well, cheryl, the militarybacked government has a transitional plan to hand over power to a civilian democratically elected president. They are calling for elections to take place sometime in the next six months with president ial elections to follow after that. Probably in february or march of 2014. That plan, though, immediately rejected by the Muslim Brotherhood who called on supporters to revolt against the egyptian military, not just for the coo that removes the former president , but because of the massacre that killed more than 50 proMuslim Brotherhood supporters tuesday. They say the plan is similar to the one in place after the fall of mubarak, the former military, strong man, doesnt leave confidence that this plan is better. The antimorsi Coalition Government had snags in terms of development, initial initially failing to agree on a Prime Minister and cabinet. We expect an announcement on a new Prime Minister and new Vice President. The military is preparing for what could be more violence ahead. We have reports a potential bomb in the area of gezo, not far from where we were, but it seems to be diffused without going off. Cheryl live in cairo, thank you for the live report from there. As unrest continues to mount, the bawl administration is being pressedded on what to do, what the over1. 5 billion dollars in aid the u. S. , you, the taxpayer, gives to the tattered nation annually. I think it would not be in the best interest of the United States to immediately change our assistance programs to egypt. We are reviewing obligations under the law, and we will be consults with congress. I think their military, on behalf of the citizens, did what they had to do in terms of replacing the elected president , but anything further i think well wait for consultations with the administrations. Cheryl joining us now from washington, former Deputy Assistant secretary of defense, now director of Foreign Policy studies at the heritage foundation. Steven, looking at recent history with the obama administration, they dont usually cut aid to countries unless theres a military coo. Right now, jay carney does not and is not willing to call it a coo in egypt. Why is the administration continuing to teeter on whether or not to cut funding to egypt . Well, because this situation, cheryl, is a little bit different. You know, this is like saying hitler was elected, but we shouldnt have done anything to topple the government because he was elected. Moo move dmorsi moved away from the constitution, and we had to see something done. Rather it not been the military, but it was. We should look at this a little, with a little more nuance than just cutting off aid. Cheryl mubarak was a dictator, a brutal dictator, responsible for the murders of millions of egyptians. In 2011, that was not a military coo and continued aid, and there was democratic elections, but in this particular stage, you tell me that morsi was creating basically a civil war in your pan, and that he needed to go, that we should be giving aid to the country . Well, i think we have to review the aid. We probably need to tighten it up, put conditions on it, but precipitously cutting it, i think, is a mistake. We have to look at this and step a little lightly to decide how we can help steer the situation rather than washing hands of it. Cheryl the saudis are not washing hands of anything and came in with 5 billion to aid to egypt. What do you think about the saudis moving on with this . Are they looking to, i dont know, replace other countries in the aid to egypt . What are the saudiss motivation in this . Well, the saudis do not want to see the Muslim Brotherhood rise up to power, something we were not terribly happy about either, and they have the cash to offer the aid to try to help, and, frankly, the biggest problem in egypt right now is Food Shortages and things like that, so they do need some help, but it needs to be conditionedded on moving back to the democratic process thats not hijacked as the fast one was. Cheryl stephen, what do you think of the reports . We got these really in the last 24 hours that morsi supporters are going out and actually, you know, picking up guns, attacking the military, and the military says they are terrorists, these morsi supporters, but that the supporters, even a doctor interviewed on another network said from the hospital bed, we are peaceful, just supported morsi, elected him, we want him to stay. The military is basically attacking us with their guns. I mean, its a little difficult at this point to decipher who to believe. Oh, and in these kinds of situations, it always is. Its why we depend, many times, on the news folks like your people in the country to give us some sort of fidelity on whats really happening. If the Muslim Brotherhood want to address this peacefully, hopefully, you know, thats whaps, and the military will behave and theres not more incidents, but it remains to be seen. Theres a lot of bad feelings on both sides. Cheryl 51 dead, more than 400 injuries as of now as we follow whats happening from egypt. Instability is something nobody wants to see, certainly. Steven, thank you very much for your take on all of this. Thanks for having me. Cheryl another threat, the cyber threat to tell you about. U. S. Companies are losing billions to foreign hackers. We got rich edson live ahead as congress is now looking into the cyber threat. Take a look at this. Its the First Solar Powered plane to fly coasttocoast. What do you think of it . Sun power ceo, tom warner, likes it. Hes going to be here in moments. Plus, during this hour, im going oneonone with the ceo of General Mills, the Company Hosting its annual investors day down at the New York Stock Exchange. We have ken powell coming up on the show. As we break, throe, look at the Energy Markets and, certainly, crude, following that as part of the reason we follow it closely is because its rising on the tensions. Oil at 103. 28, up again today. Well be right back. Im a careful investor. When you do what i do, you think about risk. I dont likehe ups and downs of the market, but i cant just sit on my cash. I want to be prepared for the long haul. Ishares minimum volatility etfs. Investments designed for a smoother ride. Find out why 9 out of 10 large professional investors choose ishares for their etfs. Ishares by blackrock. Call 1800ishares for a prospectus, which includes investment objectives, risks, charges and expenses. Read and consider it carefully before investing. Risk includes possible loss of principal. Cheryl dow up 68 points, kicking off earnings with alcoa, and look now, the stocks in the premarket last night or post market last night and premarket today was looking higher, but alcoa down six cents, and barclays cut the price target on the stock, and also saying they got it now in equal weight. They have negative comments, but, you know, alcoa said Global Demand would be strong. Pressure, frankly, be honest, on the mining stocks. Alcoa the global story. Wall street journal says dont look at them, they are not indicative of the numbers. Stocks every 15 minutes, obviously; with nicole, and theres a change in the ceo sweep this morning, a big story for barnes noble. Right. We are watching barnes noble today, the stock moving higher as william lynch, ceo, is resigning this week. Up 3. 7 , and one of the main reasons is the nook ereader is not competitive as a Digital Division here of barnes noble. Ereader is not competitive to other tablets and the like, facing intense competition for both books and against the kindle versus amazon. Microsoft is actually a Minority Stake holder in the nook so its not clear how thats resolved, but we are batching. Obviously, the stock jumping, but barnes noble is disappointed with this. Back to you. Cheryl so many disappearing. It is disappointing. Nicole, thank you. The cyber theft pandemic in china leads the pack. Keith alexander, been in the news for number of other things recently, called it the biggest theft of intellectual property in human history, and we agree with him. However, the exact figure is its big. We have to do something about it. Cheryl strong words on markets now from former director of intelligence admiral dennis blair saying weve got to be incredibly careful. Theres a hearing underway on capitol hill during this hour looking at Cyber Espionage and its damaging effects. Rich edson is on the story from washington with the latest. We talked about the cyber threat. Is Congress Just now waking up to how serious this is, rich . Well, cheryl, we had a number of hearings on this, but as far as moving any type of legislation through, its still in the very early stages, and by one measure, it costs the economy more than 300 billion a year. Intellectual property is a significant piece of the u. S. Economy. The department of commerce says more than 5 trillion last year, nearly 35 of the size of the u. S. Economy responsible for more than 27 million jobs in nearly twothirds of exports. The problem is serious, and there are ways that address it. They will steal and reverse engineer anything they can get their hands on, and ive been dealing with them full time since about 1970. Im confident, we can, if theres a sustained effort in place, get them to act differently, and in part, they know they are caught. They want to be a dynamic, modern economy. You cant do that depending on stealing technology. And the they there, is china. Lawmaker, and animal analysts discussing of banning products made from stolen property, increasing penalties, or giving the nsa more authority to protect the pentagon, likely a difficult time to get that through congress. Much of this falls on the private sector, and analysts say u. S. Companies defenses are sometimes failing to the most basic Cyber Attacks with more investment there as well, they say. Cheryl the government has not done enough so the private enterprises fault, blame u. S. Corporations for the threat; right . You can say the pentagon needs to secure its stuff, and private Companies Need to secure their i. T. Cheryl id say so. Rich edson, thank you very much, good to see you, rich, appreciate it. Thanks. Cheryl well,ntsb invest gaipters waiting to talk with the pilot in control of the air asiana flight as it crashed into San Fransisco saturday. We dail we have details coming up in your fox news minute. Well be right back. My mantra . Always go the extra mile. To treat my low testosterone i did my research. My doctor and i went with axiron, the only underarm low t treatment. Axiron can restore t levels to normal in about 2 weeks in most men. Axiron is not for use in women or anyone younger than 18 or men with prtate or breast cancer. Women, especially those who are or who may become pregnant and children should avoid contact where axiron is applied as uneected signs of puberty in children or changes in body hair or increased acne in women may occur. Report these symptoms to your doctor. Tell your doctor about all dical conditions and meditions. Serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet or body swelling; enlarg or painful breasts; problems breathing while sleeping; and blood clots in the legs. Common side effects include skin redness or irritation where applied, increased red blood cell count, headache, diarrhea, vomiting, and increase in psa. Ask your doctor about e only underarm low t treatment, axiron. At 25 minutes past the hour, im patty ann brawn with the fox news minute. Investigators looking into saturdays asiana plane crash focusing on decisions made in the cock pit, specifically, why the speed was too slow to land safely. The flight from south korea crashed in San Fransisco, killing two and injurying at last 18 2 of the 307 on board. In canada, dozens missing from the train disaster, 13 killed when train cars loaded with oil sped down hill into the town near the border with maine and exploded. Investigators say the train was traveling far faster than the speed limit when it derailed. New york jets coach, recollection ryan, was in spain among those running with the bulls. You can see rex climbing a fence to safety as one of the six bulls ran by him. No gorings this year and six injuries, ryan, who is 50, entering the fifth season as jets coach. Those are the headlines, cheryl, back to you. Cheryl no interest, zero interest. Me neither. Cheryl my god, i get fans were excited. Thank you very much. Thank well, its called the solar impulse, and it glided into the history books saturday completelying the first coasttocoast solar powered journey in the United States. Sun power was the official Solar Panel Supplier for the plane, and tom warner, the ceo, is joining us now. Thanks for coming back. This plane is took, what, 18 days to get from San Fransisco to new york . Yeah, its phenomenal technology, though. Its completely solar powered, has great battery technology, and its really, really impressive technology. Cheryl its got, what, 12,000 solar cells on the wings and on the top feeding the battery . Yeah, its got 12,000 of these solar cells on it. Cheryl you got one, okay. The key is to be efficient and lightweight. Cheryl this is the cell all over the plane . Okay . Theres approximately 12,000 of those, and you can see its very thin, approximately one fifth the size of the semiconductor. Lightweight and makes energy. Goes in the ion batteries, we could discuss that, but youre off the hook for that. Overall, though, do you think its something i mean, commercial aviation this seems like pie in the sky, no pun intended here, but it seems were decades away from incorporating Solar Technology into the commercial aviation. Yeah, i think this is more about breaking the myth that what Renewable Energy can do, and its giving you the sense that it can do extraordinary things. I agree with you. I dont think well see aviation, but what we will see is solar with batteries used in homes which is completely disruptive to the way you get energy today. Cheryl cheryl this is part of the clean generation, a program, al gore, richard branson, and many powerful people behind this. Youre sponsoring the flight as well. They want to go around the world in 2015, but if it took them 18 days to get to San Fransisco to new york, frankly, a sixhour flight, dont you have to have safety concerns about doing this around the world . No. The technologys going to be better. Its going to be another new plane. They will do dry runs in 2014, and these guys, one of the pilots, hes gone seven miles deep into the ocean. They know what they are doing with the technology and have the best technology. Cheryl they would be with you, but they are meeting at the u. N. Secretary general today so they were otherwise involved. Lets talk about your company. Your stock at a twoyear high yesterday for sun power. What a turn around for sun power. Yeah, its a great year. Its based on fundamentals, making money, generating cash, and were expanding in key markets with huge upsides to china and the rest of the world going solar. Cheryl global though or u. S. For you . U. S. Drives, japans large, europe still continues to be strong, early stages in china, middle east, and south america, still, outside the new countries. Cheryl what we had a Panel Manufacturers three years ago was the fact they made them cheaper. Now its a different story. Concernedded about that at all . We have cybersecurity to be worried about with china. No question we can compete. Were winning. How do we expand that . We have a presence in a 130 countries, and we have a huge advantage and we compete now on energy and Energy Solutions so i think were separating ourselves from the competition, frankly. Cheryl tom warner, again, nice to have you back, the nasdaq this morning with the pilots, interesting idea. Well see where it goes, if were alive for that. Well be here. Cheryl tom warner, thank you very much. General mills investors say at the New York Stock Exchange, coming up, ill talk with the ceo of the company about his plans to deliver now on the guidance that he gave for the next fiscal year. Hedge fund advertising, yes, the fcc expected to approve it tomorrow, should they . Well talk about it coming up with ron gessler. Well be right back. Friday night, buddy. You argonna need a wingman. And my cash back keeps the party going. But my Airline Miles take it worldwide. [ male announcer ] it shouldnt be this hard. With creditcards. Com, its easy to search hundreds of cards and apply online. Creditcards. Com. Cheryl just past the bottom of the hour. Stocks with nicole on the floor of the New York Stock Exchange, and we have the movers with dow pushing session highs. The dow is now pushing through here, up back to the highs of the day. We have to take a look here at fedex, obviously, a name on the move, so many headlines. You see the stock itself, the twoday chart is telling showing you a big move its having today of seven and a quarter percent. What its rising here today is the most its rise p in 19 months, two stories. The first is that fedex is moving forward with a settlement over lawsuits claiming that fedex was charging businesses and government at higher rates so they are dealing with that. Thatll be on the 23rd of july, and, also, were watching here the story pertaining to beefing up cash and whether or not theyll invest in fedex, and, of course, they will not acknowledge that. Back to you. Cheryl thank you very much. Appreciate it. Speaking of stocks, weve got the fourth and final week of round one of the fox business summer time show down. Every friday, pit two stock pickers against each other. Scott martin joins us this week. Take a listen. You got to play the stuff thats worked in past down markets or at least in past markets where its stag nanlt. Specifically, utilities, the consumer staple sectors, because, cheryl, no matter what happens in the economy, people have to buy it. You have keep lights on. Cheryl all right. Look at xlp, the consumer staple etf. He recommended this, up 15 since had backed it on with me last july. Scott eats scotts making two picks with David Trainer of new constructs. Tune in here friday at noon eastern time, fox business. Well, today is General Mills investor day, and the Company Projects strong growth for fiscal 2014, especially with the introduction of 200 new Food Products at home and abroad. The chairman and ceo, ken powell, ringing the opening bell this morning at the New York Stock Exchange joining me now. A pleasure to have you. Cheryl, great to be here. Cheryl talk about the fiscal 2014 projection, 18 billion. You came in in 2012. Do you think you can surpass projections for 2014 . Well r you know, i dont know. What were predicting in 2014 in guiding would be very good growth for General Mills, 3 growth in our top line, and then were going to combine that with mid single digit growth in operating profit, which will, you know, create that through productivity and high single digit growth in earnings per share. You know, overall, thats what we call on Model Performance for general mill, and well combine that with strong returns to shareholders through healthy dividends and share buybacks as well. You know, all in, thats a very good picture for our investors in 2014. Cheryl well, youre not far off of the 52week high now, 50. 97, and theres a spread of 23 . Investors are getting their share of the piece of the pie, if you will. Im curious about International Expansion plans. Right now, the business is u. S. , more than 10 billion, 4 billion international. Youre really, especially today, with investor day, focusing on international growth. Where do you see the biggest market right now for General Mills outside of the u. S. . Well, youre right, cheryl. We have focused on that. Back five years ago, and international was less than a quarter of the business, and today, its more than a third. We really focused on that. The biggest market outside the u. S. Is canada, wears the fourth Largest Food Company in canada. Behind that, you know, close behind that, theres a nice business in france selling yoplait yogurt, old el paso mexican food. A nice business in france, rapidly growing business in china selling, again, ice cream, sell frozen food, frozen dumplings all over china, thats been growing double digits for many year, and we recently, within the last year, acquired a very good Brazilian Food Company called yoki, a strong line of brands, and were seeing that business grow very, very nicely in the year we just completed, on the mystic about our growth pros prospect in brazil and south america. We have initiatives in the works and solid broad based expansion outside the u. S. Cheryl ken, certainly, i know you are looking to expand. I want to talk about the dry dinner market where you are famous, the hamburger helper market. This country is a nation of food snobs going to whole foods and central market, getting fresh meals to go, and you got 69 of the market, it was 88 , and kraft is coming up now on you a little bit. They got the vevlveeta brand. How do you recapture america to reuse hamburger helper . Its a great, huge brand, high penetration, cheryl, over a Million People a week use this product, so what weve said is we got a great brand, recognizable, but we have to renovate it and refresh it making it relevant to the consumer. One of the key things is chicken is used as often as hamburger is in homes today at that evening meal, and we are offering, you know, a number of new chicken varieties, things like sweet and sour chicken. Not your grandmothers helpers. We refreshed the beef versions. We created a small subline called ultimate helpers featuring a liquid sauce so like a liquid choose sauce or oil based sauces for italian food. We broadened the line to include more varieties of protein. Weve gone up with a few varieties, up market, refreshed all the packaging, looks great on the shelf. You notice it there. With new advertising, im quite optimistic well be soon growing penetration again with our hamburger helping business. Cheryl ken powell, investor day, come back any time. Great to be here, thanks a lot. Cheryl thanks, ken. Well, from stocks to gold, believe it or not, gold is staging a little bit of a comeback today at 12 and some change. Live at the cme with phil flynn with his take on this one, and, also, theres this, hedge funds about to get the go ahead to advertise to the public. Were going to take a closer look at the protections in place with the former fcc enforcement attorney joining us. I want to make things more secure. [ whirring ] [ dog barks ] i want to treat mo dogs. Our Business Needs more cases. [ male announcer ] where do you want to take your business . I need help selling art. [ male announcer ] from broadband to web hosting to mobile apps, Small Business solutions from at t have the security you need to get you there. Call us. We can show you how at t solutions can help you do what you do. Even better. This is your fox business brief. Americans continue to pay down debt in the First Quarter as Household Wealth rose above prerecession peaks. According to the dheef economist, consumers learned the hard lessons of the recession and keeping debts at manageable levels. The efforts to sell itself is fizzling out. The israeli based company has been looking for a buyer for at least three months and is having a tough time attracting interest. Move over on friday, chickfila celebrates cow Appreciation Day giving away free breakfast, lunch, or dinner combo meals. You have to go into the restaurant dressed as a cow to get the free meal. Thats the latest from the Fox Business Network giving you the power to prosper. One and opening the capital one purchase eraser . I need to redeem some venture miles before my demise. Okay. Its easy to erase any recent travel expense i want. Just pick that flight right there. Mmm hmmm. Give it a few taps, and. Its taken care of. This is pretty easy, and i see it works on hotels too. You bet. Now if you like that, press the red button on top. How did he not see that coming . Whats in your wallet . Cheryl talked about china with the General Mills ceo, and inflation data from china is moving metals here at home. Back to the trading pits with phil flip. A nice pop on gold, but is it going to last . You know, this could be interesting. I think it could. I mean, right now you got Strong Demand coming in. Golds looking shiny. You got inflation in china giving us the pop. When the imf talks about possible reduction of Global Economic growth, a slow down in the u. S. , that means more qe. That means, of course, more, but the copper, its been all over today. Copper got slammed on reports that they are going to open the huge copper mine in mongolia. On top of that, copper stocks in london rose, but, you know, after that imf report, initially, copper went down, but it rebounded because, again, i think the qe is back on everys mind giving copper quite a ride. Back to you, cheryl. Cheryl metals may surprise us. Well see. Thanks, phil. Thanks. Cheryl all right. Quarter till. Time for stocks now on the floor of the New York Stock Exchange. You know, keith, earnings season, off and running with alcoa, but what about the rest of the week . Well, the rest of the week is from big names is kind of slow, but what were looking towards is friday with jpmorgan and wells fargo reporting. The financials in the spotlight, at least for me and Second Quarter earnings, expected to do well this quarter. What i want to hear from not Big Money Center banks, but smaller regionals and Credit Companies is, where does the business look like for the remainder of 2013 . If theres a substantial pickup from the Credit Demand and Large Community and corporate end, that speaks well for Economic Activity going forward. Cheryl all right, keith, thank you very much. See you soon. My pleasure. Cheryl well, coming soon to a television set, newspaper, or magazine near you, advertisements for hedge funds. Looks like the fcc, tomorrow, lifts the ban on advertising them to sophisticated investors. Were joined now by former fcc enforcement attorney, and now a partner at goldberg, and havent, we should say, of the hedge fund association. 80yearold rule being lifted here. Why now, though . I mean, hedge funds still can be very risky for the average investor. How can you guarantee . How can the fcc guarantee that someone that doesnt make 2 00,000 is not going to buy into the advertising . You hit buzz words, risky for investors, guarantee, and hopefully things my clients are not saying on air. They are not limiting by virtue of the law. Lifting the ban comes in time with prohibition against general solicitation, and facebooklike companies, emerging growth companies. With that is alternative investment vehicles as well. Cheryl the reason this got going a couple years ago, the push, under former fcc chairman, was that they wanted Small Businesses, they should be able to advertise to get investments, you know, private investments. Say i have joes diner, and i need a couple million dollars, i should advertise people invest with me, but the Hedge Fund Industry jumps in, correct, saying, no, we want equal opportunity. Yeah, Congress Passed the law primarily seemed to enhance companies that not necessarily joes diner, but facebook and technology companies, limited by the securities markets. That being said, its not the hedge funds jumping in. Why are they the stepchild left out . Thats how i look at it. That said, even if they are able to take advantage of the general solicitation and advertise, theres other limitations that limit how many investors they take in, most hedge funds, looking at the newspaper rosety, its limited to a hundred investors. They are not looking to retail, and they cant take it. They have to be accredited investors, whereas joes diner could take money in from nonaccredited depending on the situation. Cheryl how do you police that and guarantee the person who sees the ad in the wail westbound lane doesnt wall street journal doesnt make 200,000 . Thats the threshold thrown out in this. Correct. The requirement of the wall is to be selfpoliced currently, and based on the proposal coming out months ace, its a facts and circumstances test based on how Fund Managers how to e evaluate the quality. What happens if they were to lie on accreditation, and managers make the effort to comply. There are rules and regulations to be in place that serve as the gate cheryl they are only going they are expected to pass tomorrow, we should say, but later on, its, oh, heres how we police it. Going to the policing it not necessarily the law, but more people at the state level. Many of the cases that are brought about are investors who have a problem. If they are policed, they are going to bring action, hire own lawyers to agent on their behalf, not the government. Cheryl fcc, couldnt catch madoff. I dont know. Im with you. Its a much more regulated environment than five years ago. Cheryl a great point. Ron, thank you very much. Thanks for having me. Cheryl good to see you. Get this, prisoners in california going on strig. Yes, prisoners. Their complaints ahead in the west coast minute. Cheryl the fcc will not pursue a civil case against las vegas resorts after a former investigation after the company pledged 135 million to the university of mccaul. The university was focuseddwhron the donation was, well, problematic or to be blunt, bribery. Look at the stock now, 126. 21 a share, down p down 77 cents. A multimillion dollar Television Print an Online Ad Campaign launches in oregon to educate the public on cover oregon, the states new Health Insurance market place. Many residents have no choice but to enroll in cover oregon as ever 2014, they just dont know it yet. Now they will. In california, about 30,000 inmates in 20 of the states 3 3 prisons joined what might be the biggest prison Hunger Strike ever, ever in u. S. History. Prisoners demand an end to policies that keep them in isolation indefinitely and punish them for gang member. They want more rehabilitation programs. Whats that . Call the teamsters. Keep you posted on that one. Thats the west coast minute. All right. Media mogul, business executives, politicians all headed for sun valley, idaho in the annual allen and company conference. The colleague, Dennis Kneale is headed there now with full coverage tomorrow and thursday for the noon show and throughout both days on the Fox Business Network. You cant afford to miss the coverage from sun valley. The health of Small Business in minutes. Adam and lori have a firsthand take with bank of americas Small Business lending. How is the sector doing . Plus, they have latest on the asiana flight crash investigation. Theres a call for public ratings of the pilots in the cockpit. Yeah. Heres a question. When is a coo not really a coo . Lou dobbs weighs in as the white house rebuffs calls to cut the 1. 6 billion in aid. The u. S. Is still sending that to egypt. Well be right back. All your imptant legal matters in just minutes. Protect youramily. And launch your dreams. At legalzoom. Com we put the law on your se. Lauren good afternoon. I am lori rothman. Adam and i am adam shapiro. Gold pushing higher. Lauren the backbone of this nations economy. Still hurting or recovering . A firsthand take with robb hilson in minutes. Adam how much did the pilot experience have to do with the crash in San Francisco . The new push to reveal pilot records and reviews to the fine public. Lauren the Muslim Brotherhood rejecting plans for a new