Offensive. Its troops are pushing deeper into gaza to destroy rocket launching sites and tunnels. The israeli advance follows 10 Straight Days of attacks. The markets regaining their composure, shrugging this off. The dow just about 50 points shy from wiping out yesterdays tripledigit loss. At what point does all the global turmoil derail the market . Here is peter schiff, europacific capital. We have cot martin with us, united advisors chief Market Strategist and also a fox Business News contributor. Peter, i will start with you. Has the fed made the market complacent to all the hot spots around the world which are catching fire . I dont think any of these hot spots will be the pin that prick this is bubble. I think what americans really have to worry about, at least from the perspective of an investor, is not what the russian separatist its are doing in the ukraine, but what janet yellen and her cohorts are doing at the Federal Reserve because far more damage is being inflicted now on the u. S. Economy and will be inflicted on investors by the Federal Reserve. Adam scott, do you agree with that . Do you think everything happening around the world and that the market is shrugging it off too easily . Well, it is nice to see, i tell you that much. I dont know if it is too easily or too hard. Melissa, to peters point i think the damage is not totally being done by the fed here. Frankly they have inflation mandate. They want to get above 2 . They want to see price stability. They want to see maximum employment. The reason theyre not seeing any of those things, they are putting tons of money but there is not money velocity. It is not going through the economy like decades or years past. That is the one fight fed is not wing. That is doing more damage than the fed actions, peter. First of all, when did the fed get mandate to make sure inflation is above 2 . To me their mandate is to preserve the value of the dollar, price stability, not rising prices. I would disagree. I think prices are rising quite a bit faster than 2 a year already if the fed would open its eyes and look. One of the reasons it is not even higher because were exporting it to our trading partners. Look at all the bonds that china, and, emerging markets have been buying since the fed started tapering . In fact, foreign Central Banks are buying more bond now. Theyre more than picking up the slack for the fed. That is what is really keeping wolves at bay right now. Melissa market is acting like all the things happening around the globe, look what is going on in the middle east, look what is going on in russia, our own government is not having impact on Foreign Policy around the world and slugs it off if there is no impact on all of that with our money. Do you agree there is no impact on our money . Seems so implausible. Go ahead, scott. If you look around the globe you mention all the conflicts out there the safe assets are here in the usa, whether stocks or bonds. Peter, youre laughing im telling you the market is disagreeing with you. There is no safety in those assets. Come on, peter. Melissa go ahead, peter. Scott you can respond. Danger here obama overreacts and tries to reflex muscle the u. S. No longer has and we further irritate our allies in europe. United states right now is going around the world pissing off all the people it needs to be sucking up to. All the people borrowing money from were counting on maintaining dollar as reserve currency f they dont want to do that anymore because of tired of fines and our arow against well have to deal with the consequences. We dont need to suck up anybody. Were the worlds biggest shopper. The World Reserve currency is the dollar. Nobody can get past that now. But theyre loaning us money. Melissa peter, let scott finish. Go ahead, scott. There is no way we should be kissing putins butt or Angela Merkels butt. Were sorry. We didnt mean to do this no way. The economy needs. The Global Economy marketplace needs the u. S. No they dont. Bonds havent been bad either. Melissa peter last word to you. We need them. The problem is, when they figure it out, it will be too late for the investors that arent paying attention now. Whine and japan are United States. Melissa we got to go. That is not a good story. Melissa thanks, gentlemen. More on todays trading reaction go to Trader Jonathan Corpina on floor of new york stock exchange. Jonathan, what is the reaction like down there . Quite surprised to see how this market has reacted. Rewind it to yesterday. Clearly watching tape. Seeing way market is affected by Headline News coming out of ukraine. Overnight futures got hit pretty hard after the strong selloff. Coming in this morning seems like it stablized. We found the market has strength behind it. Clearly way it is trading is showing us this market is Strong Enough to shrug off negative headlines especially strong headline were seeing out of ukraine. Thank you so much. Appreciate your time. At least one u. S. Citizen killed in the malaysian flight shot down in Eastern Ukraine. President obama speaking on escalating tension on the region just moments ago. Time and again, russia refused to take concrete steps to stop escalating situation. We have steps to take to impose on them and we i will do so. Melissa we have charlie gasparino. New oak president , james frischling. Fox businesss very own tracy byrnes. What is your takeaway . Tracy, what do you think . The market is realizing well not take military action. Nothing intrinsically changed. This was an accident, bad accident, but an accidented. Tensions going on overseas, they will be there a day ago, three days ago and they will be there a week from today. Melissa what do you think of the white house response . Pretty lame. This follows what i said yesterday. Well not do military action. That is off the stable. President obama has been signaling well not do very tough stuff in terms of freezing russian assets to impair their economy major way and impact our economy, Banking System if you froze all the russian assets. If that is the case, traders will trade off negative headline and they will, it will come back the next day because it will not have macro impact on our markets or economy. That is what is happening now. Ill say again if president obama wants to really go after russia for this because this is Vladmir Putins problem day one, if it is an accident he caused it, if it wasnt an accident, his followers are doing it you have to freeze russian assets it will cause economic pain here. Im growing cautious on markets nothing to do with these headlines for very domestic reasons. You see companies are actually laying off workers now. Benign job growth. A whole lot of issues in housing, student loans. These headlines do bother me for this very reason. I think this is kind of an activity that gets, gets countries, against russia. There is kind of thing all of sudden germany might get involved. Does it strain china . Does the u. S. Take actions that will actually be severe enough to impact russia and hurt the Global Economy . So im a little concerned here. Melissa does it portend a global slowdown coming even more than we already have . Based on what president say, and what charlie said what it will do to our Banking System, i cant imagine we will flex our muscle. We havent all along. Unfortunately we dont have Foreign Policy out there. We have the guts to watch the dow jones go down 3,000 points . Melissa what would cause that. You would have to get physically involved. No, this what would cause it. Not these baloney sort of things. Melissa sanctions. If you go out there well freeze through our Banking System all russian assets, which they could do, all bangs have plans that would happen that would come back and hurt us in a lot of ways because transactions get frozen. There would be losses. We could talk about this all day. That would have impact on the Banking System which would take the markets down. Do we have the guts to do that. It would hurt rush share, we dont have the guts to do that. Of course. Melissa all bullies around the world are getting more and more out of control. Thats my point. Melissa were being left out of all these conflicts. We cant impact when we want to. Thats my point. This president , some president s might have that. I think Ronald Reagan would have that type of guts against, against vladmir putin. I dont, i dont know george bush would although he got involved in a war with scant evidence that we should have been involvded in it. This president is signaled that he is not going to get involved in a major way here. That is how the market is reacting. History knows exactly what, how this president will react to this kind of stuff. He will Say Something and go back to his Democratic Fund raisers. I agree on that. That is how the market is reacting. They believe the fed will stand further pat in light of all headlines. Good for the market. What happened in perverse way as the dow went higher. What happened is good for the market . Somewhat irrational but yes, that is correct. But yes. Not even that. My point, and my point yesterday was this, again. Worry about the stuff that you were talking about. Worry about corporate earnings. Worry about fed policy. I dont think, just yet, unless they freeze assets and do something very radical on economic sanctions standpoint this will not affect average investor. Melissa well leave it right there. This just in, netherlandsbased Royal Dutch Shell confirming some of its employees were on malaysian flight 11 that was shot down over ukraine. The oil giant is still working on definitive list of employees there. Governor Chris Christie breaking from the pack on immigration. New jersey may become a safe haven for children crossing border. Fedex in a federal indictment. The indictment leaves the Company Spinning its wheels. More money coming up. Really. So our business can be on at ts network for 175 dollars a month . Yup. All five of you for 175. Our clients need a lot of attention. Theres unlimited talk and text. Were working deals all day. You get 10 gigabytes of data to share. What about expansion potential . Add a line anytime for 15 bucks a month. Low dues. Great terms. Lets close. Introducing at t mobile share value plans. With our bestever pricing for business. You know what i love america . Fine barbecue, good times and zero heart burn. And thats why i take prilosec otc each morning for my frequent heart burn because it gives me zero heart burn. Prilosec otc the number one dr. Recomended frequent heart burn medicine for nine straight years. You can beat zero herat burn prilosec otc one pill each morning 24hrs, zero heart burn melissa fedex feeling the heat. A federal grand jury indicting the shipping company for allegedly delivering prescription drugs for illegal Online Pharmacies. Fedex of course denying claims but could it have ignored warning signs years ago . The panel is back with me now. This is very interesting. So this is this case where people are going online. Youre just filling out questionnaires, rather than seeing a doctor and getting drugs shipped to you. They are saying fedex knew it was delivering illegal drugs. Fedex, i think is pretty compelling said they repeatedly request the government provide list of Online Pharmacies engaging illegal activity and they were willing to stop shipping for those companies immediately. I cant imagine, listen, i beat up on corporations all the time but generally corporations dont knowingly, as a corporate policy, unless it is enron, there are exceptions, enron, worldcom, knowingly commit fraud that fedex, it, by the way melissa online drugs. Com. These are the names of these kinds of companies. On the other hand if that is true, they did ask, who are you talking about and we will stop shipping to them. But the investigation has been going on for years. It is now coming to a head. Tracy what do you think. You can still get fenphen on line if you wanted to. Im not sure that is fedexs fault. Should fedex go through every single one of my packages . They might find fenphen. You dont want them to get to that point. That is few instrusive. Melissa theyre not supposed to be enforcing the law. Abbvie, shrugging off treasury secretary jack lew calls for economic patriotism instead of moving ahead on its deal to buy dublinbased shire to avoid hefty 35 Corporate Tax rate here at home. What do you think about this one . Youre someone who thinks moving in order to save tax bill is not unpatriotic . Yeah. Melissa in fact it is american i dont want to be hypocrite. Im native new yorker. When my Company Expanded we went to connecticut as a result of economic terms they offered of the does that make me antinew york . It doesnt. Business is competitive. You have to deal with the tax code and play where is the best way to be competitive in the market. Melissa money goes where it is best treated. Jack lew, surprising, worked on wall street, doesnt understand t of fiscal phonessability. You have to go where the get lowest cost of capital that. Is the law. Corporate law. One could argue the tax code is unpatriotic. Thats true. A book of political favors. Melissa how about changing law retroactive to grab money from people . That is over the top. That is beyond amazing. Melissa the garden state could be opening its gates to illegal immigrants. Speaking in political hotbed, iowa, new jersey governor Chris Christie says he wont be opposed to taking in children on a casebycase basis. I mean, this was really interesting. He said, i have great empathy for the situation. Frankly the administration has done an awful job of securing our border. They need to do that. But then he went on to say, you know the state would take in where other governors have said absolutely not. Rick perry, who is not exactly a liberal, came out and said some of the same stuff during the last president ial campaign. Got a lot of guff from it from mitt romney. I will say this. It sound like chris at this, and ive been doing a lot of writing about him whether he will run or not and what people think of him given all scandals, seems like he is really sort of positioning himself as sort of liberal, moderate liberal to run for president. Melissa yeah. He understands he lost the conservative base. Aint going to go to him. Only way he wins over the press who is attacking on scandals in new jersey, and bridgegate, one ever his aides closed down a lane, moderate liberal stance particularly on social issue. Melissa this is wanting to have it both ways. You have to say build a fence at border, secure the border, that tough talk and his comments fly in the face of other governors who turned down requests for immigrants to come to their states. Tracy what do you think. Tough one for jersey residents here because melissa thats right, new jerseyian . I want money to go to my kids first because i pay a butt load of state taxes. Melissa that is technical term. I think well all struggle with that. Melissa last word. I thought he straddled the fence. He didnt commit to do anything. Evaluate on casebycase basis. Isnt that a political statement . Melissa it is a political statement. He is wanting to position himself. Thanks to all of you. Israeli forces driving deep into gaza, preparing for significant expansion of its offense system. We have a report live from the ground there, coming up. President obama reaffirming support for israel but raising concerns about the consequences of a wider conflict. Much more money on the way. In new york state, were changing the way we do business, with startup ny. Weve created tax free zones throughout the state. And startup ny companies will be investing hundreds of millions of dollars in jobs and infrastructure. Thanks to startup ny, businesses can operate tax free for 10 years. No property tax. No business tax. And no sales tax. Which means more growth for your business, and more jobs. Its not just business as usual. See how new york can help your business grow, at startup. Ny. Gov melissa Prime Minister Benjamin Netanyahu delivering a clear warning to adversaries in the gaza strip. Telling military forces to prepare, quote, for significant expansion of israels ground offensive. We join john huddy from gaza city. John, what are you seeing on the ground there . Melissa, things have intensified the last 30, 45 minutes. Im hearing and kind of keep an eye out, i dont know if you saw that, but weve been hearing an seeing explosions to the north ao eass troops started offensive last night. Just around, it is, it is right now, 9 25, according to my watch, in the evening here in gaza. About an hour from now, last night is when this ground offensive started under the cover of darkness. That is when Israeli Ground troops pushed over the border to the north and also to the east, into gaza and they, in particular were targeting hamas rocket launch sites and also the network of underground tunnels that hamas uses for the transport of rockets and also for the storage of rockets. Some of these tunnels are stretching into israel and weve seen hamas militants use those tunnels to try to get into israel and either target soldiers or go after Israeli Citizens there, that happened. We saw attempted infiltration yesterday. Now as the Ground Troops were pushing in, we just heard explosion there. As they were pushing in overnight they had support from heavy artillery fire and airstrikes. The Israeli Air Force says it hit more than 150 targets overnight, with missiles including many of these targets were those hamas rocket launch sites. Now in terms of the numbers of dead, one israeli soldier was killed in the fighting. On the other side here in gaza, close to 300 palestinians died. More than 1700 injured over the course of last 11 days of operation protective edge. Now back here on the ground here in gaza city, were in west gaza, just west of gaza city along the coast. Again to the north weve been hearing a lot of explosions. Weve seen some tracer fire. Also to the east. That is where the bulk of these troops are amassed as they push in from the north and east. Melissa we expect things to heat up and intensify over next couple of hours. Back to you. Melissa john, we appreciate your reporting. Please stay safe. Thank you. President obama addressing the conflict in gaza hours ago, voicing support for Israeli Offensive while continuing to advocate for a ceasefire. Joining me now, former cia Intelligence Officer michael shorer. Michael, thanks for joining us. How do you see the situation playing out from here . One would hope the israelis take care of this problem once and for all and we stay clear of it. No nation can be really criticized for defending itself, according to its enown best lights. The nonsense of nationstate having right to exist is it. The what is relevant to israelis have right to do what they need to do to protect themselves just as palestinians have the right to take back their land if they want to. The lesson here for america or the problem here for america were not really concerned with what goes on in palestinian. Were concerned what is going on rest of the middle east. Because of our relationship with israel, because of sunni militants fighting across the region and general trend in muslim world of Public Opinion is negative for the United States. Very likely every israeli bomb or israeli missile builds up future death for the United States whether it is military or civilian. Melissa the loss of life matters in this situation. You cant ignore economics as well. Estimate is 50 million to 150 million. Does that weigh on other side . Is it significant . The economic damage on the palestinians, really quite extraordinary. They seem to build back and of course donations will come in throughout the muslim world because of israeli performance. This is the problem the israelis need to take care of if their set will survive. Palestinians are a nuisance right now. The problem for israel is growing out of syria, out of iraq and out of our surrender in afghanistan. It is much more dangerous problem than either iran, or lebanon, or palestine. Melissa yeah. Because they will be right up against israels borders now thanks to us taking Saddam Hussein out. Melissa michael, youve given us a lot to think about, thank you. Pleasure, maam, thank you. Melissa Malaysia Airlines tragedy continues to unfold. The World Trading the blame as the president holds back. We have expert analysis what happens next. Stay with us. Oil mack i want to show you stocks because the market is moving strongly higher in this hour. The dow is up 121 points. We are at the 5 of the session, almost completely wiped out the losses from yesterday. Within that, financial living higher, Technology Moving higher, energy positive, the weakest within the group. We want to point you to a market that is moving strongly higher in the face of everything that is going on around the world today. More questions than answers remain over the Malaysian Airlines flight shot down over ukraine. The president himself holding back from placing any definite blame. Others not holding back. Fox newss Jennifer Griffin joins me from d. C. What is the latest . We are getting details about those who are on board, quinn lucas, traveling on a dutch pasco with the duly u. S. Citizen. The only american confirmed to have been on board. Theyre reading a news agency earlier today at the un about who was responsible for the downed plane. Russia can end this work. Russia must end this war. Melissa it was an s a 11 missile that brought down the malaysian flight. Reiterated by the pentagon just moments ago fired from inside ukraine, adding separatists could not have done it by themselves. Because of the technical complexity is unlikely the separatists could operate the system without assistance from knowledgeable personnel. We cannot allow Technical Assistance from russian personnel in operating the systems. Melissa officials have no reason to doubt the authenticity of the intercepted phone calls by the Ukrainian Government in which rebel commanders claim to have shot down a plane. In fact, 20 minutes after the plane went down this man, eagle or igor strelkoff is talking to a russian Intelligence Officer, reporting back to a colonel in the russian militarys Main Intelligence Department inside russia. We have just shot down a plane. That was minors group. It fell down, pilots, where are the pilots . Went off to search for the shot down plane. A plume of smoke is visible. How many minutes ago . About 30 minutes ago. Melissa a pentagon spokesman and the president saying moments ago that this is not the kind of weapon your average separatists knew how to fire. Melissa thank you. Russian president Vladimir Putin calling for a ceasefire in Eastern Ukraine urging the opposing sides to hold peace talks as soon as possible. Here is Deputy Assistant secretary of defense peter brooks and university of chicago professor charles lipson. Thank you for joining us. I will start with you but i want to ask you both why should americans and our viewers and investors in the market Pay Attention and focus on this crisis . What do you think . I think you would agree with me that capital is a coward. Any sort of instability, the market is doing well today, instability undermines economic strength, economic potential, economic possibilities. If there is a war or a widening war in Eastern Europe or central europe, there will be a serious effect on the markets. Maria you have been writing about this for the past they are so. Why should we be focused on it . Theres a lot more political instability at it seems to me cents a markets by building in. I think what is going on throughout the middle east is essentially chaos. Now what you see is really the chickens coming home to roost over the russianss backing of separatist movement with heavy weaponry, and all the rest. And military advice in Eastern Ukraine. What will happen next is that the u. S. Will slowly builds a case that is impossible to rebut that separatists did this and they did it with russian head. Stuart a lot of focus on whether or not any of those passengers who perished where americans . Does that change what the appropriate response is for the government or should that not matter . We should all be concerned about the terrible human tragedy involved in this but obviously if americans are involved will bring it much closer to home. The critical issue here is to try to bring this conflict to a close. This could be the best thing that could happen out of this terrible humanitarian tragedy, sides will setback and the russians and bring this conflict to a quick and justifiable close. Melissa pro russian separatism the 9 reports the black box was found. Do you believe them . I dont believe anything that they say. They will try they are like a criminal who has been at a crime scene, trying in effect to muddy the waters, going through cleaning up all that they can get their hands on, anything that would show their fingerprints on this tragedy but we are going to have a lot of intel about it and it will be proven beyond anybodys reasonable doubt. The key to all this is germany. What is germany going to be willing to do as we put pressure on the russians . Melissa we will keep an eye on that. Thanks to both of you and the markets continuing their climb. The dow sitting near session highs, 50 points shy of wiping out yesterdays triple digit losses. Lets go to Nicole Petallides on the floor of the stock exchange. Nicole amazing to see the resiliency of this market. If there were to be further u. S. Sanctions on russia, if we bring to see big moves on oil gas flows would be the things that might move the market at this point but right now as we see it the markets taking in stride what we saw yesterday, tricky day on wall street, treacherous loss. With that of the worst selling we had seen in two months for the dow. Meantime, the dow back 120 points. Less than one hundred points from our record all time high, 40 one ks and iras oil done nicely but a keen eye on geopolitical situations. This is the kind of thing everybody is very much watching very closely. No doubt because they are very serious about what is going on. Maria melissa thank you, microsofts big picture, thousands about to lose their jobs as the ceo points is vision into place. Find out why some are blaming old boss steve ballmer. Amazons kindle, power play, their latest deal made putting them ahead of the competition. At an end of the day it is all about money. Youve reached the age where youve learned a thing or two. This is the age of knowing what youre made of. 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 you doctor. 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. Melissa i am Melissa Frances with your fox business brief. Forbes media says it is selling a major stake to a group of asian investors. New terms were disclosed, the company is said to be valued at half a billion dollars. The Forbes Family says it will keep a significant stake for themselves with the nfl draft is leaving new york city for the first time in half a century. The league is considering a move to either chicago or l. A. For the 2015 event. New york was eliminated due to radio city music hall being unavailable land in april and may. Consumer sentiments in early july traded four months low of 81. 3 according to a popular gauge by the university of michigan and thompson reuters. Analysts expect a read of 83 due to improvements in the labour market. That is the latest from the Fox Business Network giving you the power to prosper. [ male announcer ] if you cant stand the heat, get off the test track. Get the mercedesbenz youve been burning for at the summer event, going on now at your authorized mercedesbenz dealer. But hurry, offers end july 31st. Share your summer moments in your mercedesbenz with us. Melissa matter is only getting worse, Microsoft Software giant ceo breaking news about massive layoffs to nearly all of the 18,000 employees. With more cuts likely to come workers could be waiting for months. Scott martin is with me with Jonathan Honig from capitalist pig. I will start with you on this one. I was reading in a lot of places in the aftermath of this that this is the official confirmation that the nokia deal was a mistake. Do you buy that . I think everybody knew that after the deal was announced, 7 billion of it. If you are a workers there you probably started seeing the writing on the wall on day one and probably figured it was coming unfortunately, the microsoft they are looking to team up with a lot of folks. This is software and servers so certainly this nokia deal was a mistake, layoffs are coming and youll see them distance themselves. Melissa what a tough environment to run a company. It is a demoralizing to the ranks, you fire a bunch of people and so many thousands more still to come. How do they run the business with this hanging over them . The great point, it can be a tough environment even at a company like microsoft which a decade ago was on top, untouchable. To scotts point, had to make some acquisitions that hadnt worked out so well. Is demoralizing to lose your job or see anyone lose their job. Anyway, the economys progress is measured by the number of jobs destroyed, number of jobs lost, people who are displaced can find new jobs. There are plenty of new jobs to be created. Melissa in theory, not in practice. Amazon launching its can the limited service for 10 a month. Users will have access to thousands of ebooks and audio books. Competition despite not having deals for the biggest publishers. I wonder what does it do to the Business Model going forward. I am glad i wrote a book because theres so economic incentive to write another one. If you 3 whatever you want from 10 a month, it changes the Business Model going forward. Those card catalog counters displaced by the Tremendous Investments of amazon. This is the miracle of innovation. Business models change, the landscape changes. As recording a hit album wasnt as lucrative as it was in the 60s as of thes, writing content has become a commodity. Amazon is making it more efficient and cheaper for every american and that is a positive thing. Melissa is this the future . Will all the services do this or is it just an amazon thing . I think they are. That is the way it is going and the great part is amazon is a big marketplace, in front of a lot of eyeballs, ebook provide a lot of revenue, theres a lot of growth so i like this move. Melissa despite a billion dollar bid being rebuffed 21st century fox could have another shot at time warner as long as it is prepared to sweeten the deal went up the ante. What do you think . How are you positioning yourself . Where do you see the opportunity . There has been a lot of opportunity in the market overall. In content oriented companies. Brands are proving to have a real value especially in this landscape where consumers have so many options across the many platforms so whether it is this deal especially as the cost of money remains low on a historical basis you will see deals like this within the media and content space only increase. Melissa it opens the door to a lot of Companies Breaking up and partnering. In this case along the lines of content, where are the opportunities . What happens . There will be a ton of them. That is why i like netflix. We talked about that on your show a ton and we got those calls the cause content is king. Theres a lot of content out there and peoples preferences change. Likes and dislikes change. Content got to make sure you have a lot of it to make sure you have enough to apply to everybody. Melissa content is king. I am content. Heading into the last hour of trading lets check in with lori rothman. She is content in great content. She is in for liz claman. Markets rebound nicely. Lori a rebound rally, the usual geopolitics rattle investors for one day and that is it. We will analyze that. Investors Johnson Controls makes car interiors, a nice right up in barons magazines this week but shares are still flat. We will talk to the ceo and plans to make some money and turn investors some cash. Melissa i will be with you. Shopping for the social media age, facebook poking its enemies with a brand new push into retail. Marked money on the way. Wondering what that is . That, my friends, is everything. And with the quicksilver card from capital one, you earn unlimited 1. 5 cash back on everything you purchase. Not just everything at the hardware store. Not everything, until you hit your cash back limit. Quicksilver can earn you unlimited 1. 5 cash back on everything you could possibly imagine. Say it with me everything. One more time, everything and with that in mind. Whats in your wallet . Melissa whether it is on wall street mean streak heres whos making money today, anyone with a piece of tesla up today, in overseas delivery pickups, reports that the u. K. Government put in a big order. Not to mention the start of a shipment to china. Is up around 2. 5 . Elon musk, 28 million shares meaning he has made 116 million i dont think i news this. We are happy for him anyway. The critical reviews, amazon retailers, one softwaremakers turning legal action against anyone meaning negative comments about a product on the site. That is after retailers to for and won the legal battle to unmask anonymous consumers, writing their bad opinions in public. And out right bullying. Sothebys, the auction house, is on the verge of laidoff immodest member of its workers by the end of the year. The company says you need to be leaner to make way for growth which some suspect it rich clients in asia. Facebook getting a lot of wall street love following its latest move into ecommerce. Twitter not so much. To both Companies Taking significant steps in online purchasing putting them in direct competition with the likes of amazon, google and each other. Jo lin kent and scott martin, what do you think of this . Interesting play. What we are talking about is amazon trying to make money off of something they said they would not necessarily do before the earnings call, they would not be getting into direct ecommerce that the investor year to date and trying to compete with twitter. Twitter has deals with amazon to put things melissa what do you think . I love it. It is the Progress Facebook is making in our daily lives. Melissa in your daily life, got to stop you, you are on facebook every day, youre going to buy some stuff directly from your page . You are a good journalist. I dont have a facebook account. I heard people spend a lot of time on them but if you are an advertiser, if you have a point of sale option for someone to click and lead the facebook site, the credit card is on sale and you can do that if you are an advertiser. Melissa and i an old fogy to say it seems risky to have all my information on facebook . You are the type, the car cable, a horse and buggy. Melissa i am going to touch facebook. Goahead. Facebook earned the trust of literally hundreds of millions of users who unlike scott use every single day and to their credit they are willing to innovate, willing to change. One example how much a company can change think about Banana Republic 20 years ago, they sold, the shorts in tshirts, transformed the company into a high end retailer. Melissa why is the twitter thing not much of a hit . It seems the company doesnt necessarily provide direct sale, gives them some opportunity to strike better deals. Twitter is struggling in terms of keeping its monthly active users number is up. Theyre trying to use new metrics. That is probably why. The actual usage within twitter. Melissa thanks, stay with me and my horse and buggy. The Chinese Ecommerce Company saying it faced a, quote, organized attempt at blackmail by unnamed authors of research reports, this is coming from the financial times. What does this mean . Blackmail . They came out and use a chinese version of twitter to make their statement and this is what they set on their social media account. Ali baba said would be blackmailers demanded 300,000 to prevent the publication of negative information. Ali baba will go public after labor day. We expect by humongous ipo. Melissa which begs the question why would they blackmail them for 300,000 . If youre going to get it done you would ask a little more. They are about to go public. That is a legitimate question. If you think of it from the chinese side there are a lot of people who wish they could have gotten a piece of the pie, they still can technically by investing in the company if they want to but because melissa it is great. A Controversial Company and we dont know everything about it. They are in need of filing several sec filings and havent gotten approval to raise capital, they will get that. It is an interesting company. Melissa thank you for your reporting has always. The tech world power shift, Companies Like google outpacing their more traditional rivals with the earnings season. Many analysts say this is just the beginning. At an end of the day it is all about money. Ds on the clock, what am i thinking about . Foreign markets. Asian debt that recognizes the shift in the Global Economy. You know, the kind that capitalizes on diversity across the credit spectrum and gets exposure to frontier and emerging markets. If you convert 4quarter p e of the s p 500, its yield is doing a lot better. If youve had to become your own investment expert, maybe its time for bny mellon, a different kind of wealth manager. And black swans are unpredictable. Really. So our business can be on at ts network for 175 dollars a month . Yup. All five of you for 175. Our clients need a lot of attention. Theres unlimited talk and text. Were working deals all day. You get 10 gigabytes of data to share. What about expansion potential . Add a line anytime for 15 bucks a month. Low dues. Great terms. Lets close. Introducing at t mobile share value plans. With our bestever pricing for business. Melissa markets deep in the green following yesterdays sharp selloff, earnings helping drive the gains. Lets go to Nicole Petallides on the floor of the new york stock exchange. How are traders setting up for the weekend . Reporter pretty interesting. Many of them said they didnt want to be long for the weekend, and yet were still seeing the up arrow here, its earnings season. I want to get to names weve been watching, google doing so great. Another quarter of revenue growth. Hon think well honeywell, ibm, ge and advanced micro all pulling back, Advanced Micro Devices down 175 , so the net loss for the 17. 5 . The revenue forecast also a miss, thats why youre seeing that big drop, melissa. Google, certainly, great news for them. Back to you. Melissa nicole, thank you so much. I hope you have a wonderful weekend. That is all for us for now. I hope you are making money today, and you have a great weekend. I will see you back here on monday. In the meantime, lori rothman and countdown starts right now. Market juggling act. Investors try to balance the malaysian passenger jet tragedy and israels ground offensive into gaza with new Economic News and earnings reports. How will stocks close out the week . Weve got the markets and geopolitics covered from every angle. Rebuilding for the future, Johnson Controls, the number one u. S. Autoparts maker, is spending big. Johnson controls chairman and ceo will talk transition and earnings if in a fox business exclusive. And ready for prime time . Amazon tries to reignite the fire by appealing to a younger demographic with its new fire phone and unveils an allyou allyoucanread service. Countdown tocountdown to the
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