Want. The rally that emerged with a putin lifeline, stocks up, oil and gold way down. This is a fastmoving situation, every headline could move your money. Youve got to watch this closely. Varney company is about to begin. Your Financial Advisor should focus on your longterm goals, not their shortterm agenda. [ woman ] if you have the nerve to believe that cookie cutters should be for cookies, not your investment strategy. If you believe in the sheer brilliance of a simple explanation. [ male announcer ] join the nearly 7 million investors who think like you do face time and think time make a difference. Join us. [ male announcer ] at edward jones, its how we make sense of investing. [ male announcer ] 1. 21 gigawatts. Today, thats easy. Ge is revolutioning power. Supercharging turbines with advanced hardware and innovative software. Using data predictively to help power entire cities. So the turbines of today. Will power us all. Into the future. Russias president putin throwing a lifeline to america and president obama says hell look at a diplomatic solution to the crisis. The solution, syrias chemical weapons to be transferred to International Control. Syria says it supports that plan. That happened moments ago, but tonight, president obama will still make the case for congress to authorize military force, that from press secretary jay carney a few moments ago. President obama has grabbed a last minute facesaver. A poll says that the u. S. Is less respected around the world today than it was before the president took office. And the senate is in a Holding Pattern, delaying their vote until after they hear from the president and the markets could not be happier about that. The dow is set to open strongly higher in just a few minutes. The price of oil though, way down from yesterday, off 2. 64 and gold is going to start out on the down side by 21. There are other stories for you. Time is money so here is 30 seconds of what else weve got. French unions protesting patient reform, demonstrations at 180 locations could cause some disruption to public transportation, is that new . Here at home, new york city mayoral primaries underway. Bill deblasio looks like a runner, could have a faceoff with christine quinn. They want to roll back charter schools. More priorities for the mainstream media. The first familys new dog getting more News Coverage in one day than the fight for obama care got in one month. Big moves for the Dow Jones Industrial average. Goldman sachs, nike, visa, all moving into the dow 30 at the end of this month. Who is out . Hewlettpackard, bank of america, alcoa, well check the stocks and see how they happen next. Did you see this . Raphael nadel st. Petes djokovic to win his 13th grand slam title and sandra smith is right, the men are equal opportunity grunters along with the women. And congratulations, nadel. It was a terrific game. . . Um. Wheres mrs. Davis . She took an early spring break thanks to her double miles from the capital one venture card. Now what was mrs. Davis teaching . Spelling. Thats n a subject, right . I mean, spell check. Thats a program. Algebra. Okay. Persons a and b are flying to the bahamas. How fast will they get there . Dont you need distance, rate and. No, all it takes is double miles. [ all ] whoa. Yeah. [ male announcer ] get away fast with unlimited double miles from the capital one venture card. Youre the worlds best teacher. This is so unexpected. Whats in your wallet . All right. Here comes the start of trading. So lets go straight to chicago. Scott shellady is there. The syrian strike, i think, is on hold and the markets love it. Money has no morality, does it . You know what, bombs away on some other day and the market does like it. Weve seen what the oil has done and weve seen what the gold has done and the stocks are going to like it in the shortterm. I tell you what, stuart. Its a sad day. When you have thought in your lifetime that we would be let out by the russians . Were going to accept their there is the new cop of the world and were not. Its despicable. Stuart its a sad day in many ways, but the money people they dont care. Were about to hope the stock market. No, they dont. Stuart money has no morality. Were about to kick off the trading session and i think were going to go up at least 100 from the getgo. The opening trend is higher. Yesterday we closed around 15,060. And now were up 10 points and i think were going higher from there. Im looking at a board that shows me the ups and down and its a sea of green. And weve got big names that are going to be added to the dow jones 30 average, goldman sachs, nike, visa. Up on the news theyre added. Three big names are out of the dow, hewlettpackard, bank of america, alcoa and two are down and b of a up just a fraction. And these take effect at the start of trading on september the 23rd. Nicole, have you got anything on this one . Nicole this is the biggest shakeup in a decade. Remember that alcoa has been in the dow for 54 years. Its interesting to see hewlettpackard, which is doing so well this year, but the truth of the matter is those three names have underperformed the Broader Market over the latest year and they have lower stock prices. So, its interesting to see, there you have the big ones, bank of america. Alcoa, hewlettpackard out. And i was told they were considering eight changes, not these three, but eight. And they rejected them that theyre overly dramatic. Thats just nuts. Three at a time is good, right . Come on, thats happening too much. Stuart i tell you, i cant work out the math. Why isnt google in there and apple in there. How could you put in a 900 stock and 500 stock. My head is spinning, i dont understand the mathematics of the average. Nicole and the representatives of the company havent elaborated either, but the company, its a big deal. Biggest shakeup in a decade. Stuart there you go, sum it up. Big deal. Ive got to move to big names which have been moving. Look at tesla, in a few minutes, we will have a University Professor with us, says its overvalued. Tesla is up. And he says far too much. Facebook on a tear since the end of july and trading near the alltime high and up again this morning, but just 9 cents. 44. 13 is where we are. And later on big news from apple, iphones and an updated operating system. All right, come back in, nicole. The stock please . Yeah, the to being is virtually flat. Its around 505. This is an invitation only event. Tim cook and the gang from apple will be revealing the latest iphone, the 5 s. And cheaper iphones that would do very well in china according to the analysts, its supposed to come out. Stuart i think the big deal is that china, the possible china deal. I think thats the big deal. Well see about that. Nicole, thank you. The Dow Jones Industrial average up 82 points now, 15,144. The big story which is really moving this market is syria. The senate is in a Holding Pattern on syria. Theyve delayed their vote on any attack until after they hear from president obama. He speaks tonight. And now, the president has been given an out, syria about a half hour ago, we got the news that syria has agreed with the russian proposal that they put their chemical weapons into international hands. I say america is in retreat and i say theres no way were going to launch an attack in the very near future. Lets bring in former congressman colonel alan west. All right, colonel, i see this as a full retreat for america. I see this, i dont think theres any way we launch an attack in the immediate future or even the near term future . How do you see it . Youre absolutely right, its a pleasure to be with you. This is a huge strategic loss for the United States of america, an incredible Foreign Policy faux pas for the obama administration. If i were advising the president i would say do not go on air tonight and do know the give any speech tonight because you know, Vladimir Putin has pretty much played president obama. If i can use a southern term, like a broken banjo. The last beginning tonight, is for the president to say something, once again, maybe off teleprompter or something that would inspire putin to backtrack on this agreement. So, i would not go on air to speak, i would an allow the International Community and putin looks like the only adult in the classroom to get those chemical weapons under control. Stuart do you think thats possible in the middle of a civil war when you dont know the location of the weapons and dont know how many of them there are, can you really expect an International Force to move in and take control of these weapons . Really . Well, i would tell you that i believe under putins guidance, he was a much more respected tough guy. Remember, this guy is former head of the kgb. If they can mobilize a force that can get in there and do this with them being in the lead and syria is ver important to russia, thats their own warm water seaport so he does have a National Security interest in syria and he does have an interest in syria not falling to al qaeda. Stuart colonel, all that would do would put the chemical weapons under russian control. They wouldnt put them into anybody from a democracy. They wouldnt be controlling them. Theyd be russias to control. Thats the point. We have to understand who these International Players are, but in the failure of the obama administration, secretary of state kerry to get an international coalition, you know, maybe Vladimir Putin will get a right type of international coalition. The important thing is if the president said he does not want to have bashar assad able to use chemical weapons again and now we are going to take them off the battlefield, guess what, that somewhat strategic objective has been met and he has drawn himself into an incredible box he cannot get out of. Stuart yes, indeed. Colonel alan west, thank you very much. We appreciate it today. Thanks so much. First president Vladimir Putin a now the cbo is offering a life this time on obama care. And billions of dollars are at stakement and find out whats going on with the cbo lifeline on obama care at 10 00 eastern. And back to syria and the markets, ed butowsky is with us. It seems clear to me the markets like the idea that were not going to attack in the very near future and thats why the dow is now up 75 points on back of a big rally yesterday. Absolutely, stuart. In fact, the main reason the markets are up is that oil prices are down. Oil prices are down because were not going to do the strike, so the markets are reacting to all of this and i also say this, if we see a close above 1695 on the s p 500, this market is probably going to test the alltime high and go through that. So, this could be the, you know, the adrenalin rush that the market wants to see a new alltime high. Stuart but is my premise correct. This rally, its all about syria, its all about postponing any attack and maybe canceling it completely. Thats what its all about right . Right now without any question, stuart, thats what the market is reacting to. Stuart okay, now, were going to have this situation hanging over us for a while because its going to take a long, long time to get International Control of the chemical weapons. Theres going to be backwards and forwards on the diplomatic front forever. So, can the rally last . The rally can certainly last. I dont think that anybody thinks that this is going to dissolve. The markets are telling right now and a good indicator whats going to happen in the future, the market is telling you that the putin, you know, decision or what hes put together is going to hold. So, we could call this a russian rally if you wanted to. Were seeing this rally based on what the russians have done for this whole country. Stuart i said earlier on the news channel and again on fox business on this program. Money has no morality. You want to take me on on that statement, ed . Thats a tough one. I dont think that money even thinks. I think that money will go where its wanted. If people want it to go higher its going higher. Obviously its disgusting what took place there. Were so far out of the woods. This could be a rehearsal for iran a year from now were going to be watching the headlines all the time. In the short run, the markets are going higher. Stuart thats right, watch the headlines moment to moment because any headline could move these markets. Ed butowsky, thank you very much, indeed, sir. And the big board, were up. I thought maybe we would get to 100, but weve topped at a gain of 70 points thus far today. Look at the stock of tesla. You know, it really has been up on a tear so far this year. What is it, up 375 this calendar year . However, after the break, weve got a finance professor. He says the stock is way overvalued and well ask why he thinks that in a moment. announcer scottrade knows our clients trade and invest their own way. With scottrades smart text, i can quickly understand my charts, and spend more time trading. Their quick trade bar lets my account follow me online so i can react in realtime. Plus, my local scottrade office is there to help. Because they know i dont trade like everybody. I trade like me. Im with scottrade. announcer scottrade. Voted best Investment Services company. Always go the extra mile. To treat my low testosterone, i did my research. 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Ask your doctor about e only underarm low t treatment, axiron. This man is about to be the millionth customer. Would you mind if i go ahead of you . Instead we had someone go ahead of him and win fiy thousand dollars. Congratulations you are our one millionth customer. Nobody likes to mi out. Thats why ally treats all their customers the same. Whether youre the first or the millionth. If your bank doesnt think youre special anymore, you need an ally. Ally bank. Your money needs an ally. The attack on syria evidently on hold. The market likes it and its up 6 a. And the market likes that in terms of oil, its down 2 bucks lower 107 and gold is down, look at this, 22 per ounce lower at 1364. A big name you know, crocs says it will not make as much money as it initially thought. The company says that business in america looks weak. Not good news for the stock. Its down nearly 4 . All right. Lets move on to tesla. You know, that stock has been on a tear and up 375 this calendar year, but our next guest says the stock is way over valued, maybe by 100 bucks and he suggests that the stocks fair value is around 67 a share, way below where it is now. Here is the finance professor at the sterns school of business at nyu. Professor, welcome to the program. So its way overvalued and should be 100 less. Youve got 30 seconds to make your case. I think the key to remember or draw a distinction in prices. Prices set by the market, supply and demand and value the places of judgment. I want to emphasize this is my personal judgment based on my views of the company and i have an optimistic view of the company. As large as audi. Stuart as large as audi. And margins of the porsche thats up there. The value i get is about 70. And there are lots of risks getting there. Stuart why is the thing valued at the market price is 160 odd. Why so much above what you say is the value price . Theres one thing ive learned in 20 years with markets, that you never try to explain the price. The price is set by supply and demand and this is the momentum stock. Driven by people who love the product and essentially using it as justification for pushing up the price so i think that explaining the price is almost impossible to do and i dont try. So my personal judgment, i wouldnt buy tesla. I wouldnt talk anybody else from not buying it because thats their judgment. Stuart okay. The guy who runs tesla, the founder, elon musk, hes go the some outthere ideas about technology and technology in the future. Is that part of the buildup in the price, the talking up of the price . I think hes a great ceo. Ill be honest, hes got more charisma than most of the next 100 top ceos put together and he has the capacity to make tesla a company that can change the automobile business. So there are potential pathways i see for tesla to get up to 250 per share, but those path ways are narrow and difficult to navigate. I dont want to invest on the assumption that they can find their way to success. So thats why i said its a personal judgment. For those people who feel those path ways are more likely and available. You said the company could be as big as audi. That would be a Market Capital of 65 billion . The revenues. The revenues, they would sell 65 billion worth of electric cars a year . When . Thats ten years up. So, thats, i think, whats holding the value down. Now, is to get to audis revenues and to get the margins that porsche has, you have to factor in how much you have to wait and how many risks are along the way and you get to knock down the value. And thats why im reluctant to jump into the stock right now to the 20 billion market cap. Youre iconoclast here. Whats the reaction, do you get hate mail . I do get hate mail. And people listen to the point, people have to make their own judgment and what i want to do is throw my valuation on this. Emphasize this is my value, not the value. Youre not retreating youre saying 60 rather than 160. I dont have to retreat. To are my decision, i have to trust myself. But youre out there with this valuation. Thats always the case. Youre out there. And thanks very much for joining us and we really appreciate it. Thank you very much. Stuart my take on syria and why the good guys are in retreat. Thats next. I think we should explore and exhaust all avenues diplomatic resolution of this, but i think its important for us to keep the pressure off. Here is another big name you know. Disappointing Sales Forecast from urban outfitters. Down it goes 10 . Abercrombie fitch. A battle this time over an employee who sued a company to wear a head scarf for religious regions. Judge napitano will be here for that one. And did the cbo throw president obama a lifeline on health care . Big savings would come if he takes it. Here is my take on syria. This is pure opinion. Number one, the tomahawk missiles will not be flying this week, this month or this year. President obama backed into a corner of his own making is in full retreat. Hes grasping for the life line that Vladimir Putin has offered. Two, syrias chemical weapons will not be secured or dismantled this week, this month or this year. Tell me, who is going to walk into a civil war and take possession of widely dispersed unknown locations . Who is going to bring to arrest and trial the attack in august that killed children. And dream on. Power shifted the good guys are the nations which brought prosperity and a much greater degree of freedom to the world lack leadership. And the bad guys grabbed the ball and are running with it. Here comes a nuke for iran and a threat of nerve gas as a weapon of mass intimidation. Money does not care about all of the above and money has no morality. Investors will do well. To sum it up, president obama has just led us into a humiliating defeat. And thats my take. [ male announcer ] these days, a Small Business can save by sharing. Like carpools. Polly wants to know if wcan pick her up. Yeah, we can make room. Yeah. [ male announcer ]. Office space. Yes, were loving this communal seating. Its great. [ male announcer ] the best thing to share . A data plan. At t mobile share for business. One bucket of data for everyone on the plan, unlimited talk and text on smart phones. Now, everyones in the spirit of sharing. Hey, can i borrow your boat this weekend . No. [ male announcer ] share more. Save more. At t mobile share for business. Tuesday, september 10th, one story dominates. President obama reaches for the putin lifeline. Any attack delayed, stocks up, oil and gold way down, but wait, there is more. The chair of House Natural Resource Committee is here saying the president is blocking Domestic Energy production. The judge is here. What does he think of muslim head scarves . Hell tell us. Melissa frap sis going paper bank, about her mother, a tie rapt. Melissa is here. Theres dancing with the stars, valerie harper, guts and ratings. This is not your average Financial Program now, is it . Look at this, day two of the rally, the dow is up 88 points, and thats because no action is likely immediately or any time soon on sere why. By the way, were going to have big changes for the Dow Jones Industrial average starting september 23rd. Goldman sachs, nike, visa, they go into the dow 30, all up. Hp, bank of america, alcoa, the three stocks coming out of the dow 30. That news announced earlier this morning. President obama getting thrown a lifeline on syria, a diplomatic solution. If assad hands over weapons to International Control, the u. S. Will back away, probably, from any attack. Congressman hastings joining the company now. Sir, looks to us and to investors, this is a delay, maybe a total cancellation, of any attack. Whats your reading . The first premise, of course, is you have to go, if you have a diplomatic solution, you have to place trust in the russians and putin and place trust in assad. The reason were in the situation is because of the lack of trust. Now, having said that, if there is a diplomatic solution, i think the American People would probably accept that much more readily than having to go to war, but that premise is a shaky thing, and, frankly, its probably emblematic of our Foreign Policy from this administration. Theres a new fox poll saying 48 of people think that americas standing in the world is now lower than it was when president obama came into office. Whats your view . Well, i think they are seeing what everybody else is seeing. I mean, this new idea, this new solution came about about 24 hours ago, and now all the sudden, you report it, others are, and it may be the norm. We dont know. All im saying is that the member of congress is that trust is placed on two tentties. Thats shaky from my stand point, but, if, and if there is a diplomatic solution, its better than war. Okay. Changing topics for a second, congressman, because europes industry commissioner, very senior guy, europes industry commissioner, yesterday, talked about an industrial massacre in europe saying their green policy over there amounts to an industrial massacre for industry in europe. I just want to run briefly a bite from my take yesterday. Listen to this, sir. Trying to talk some sense into the green compatriots saying, europe, quote, cant be religious about green energy, they cant sacrifice industry to the goals of climate obsessed environmentalist. Its a turn around for a continent that lectures the world about being green. What do you say, congressman . Is the u. S. Headed down the same road on energy . Well, i dont think the u. S. Is. I think this add gets their way, we would be headed down that way, and i say that because as chairman of the Natural Resources committee, we have jurisdiction over federal lands, and on federal lands, since this administration has taken power, we have seen crude Oil Production drop by nearly 8 . Weve seen natural Gas Production drop by over 20 . Thats just since this administration has taken over, but we are producing more energy in this country because it is on state and private lands. Thats good. Our tremendous, largest resources in the future is on federal land. This administration is trying to slow that down. Can you give us a rough idea of how much oil, how much natural gas is under federal lands, thats not being exploited at the moment . Well, first of all, you never know until you drill, but it is well over a billion barrels and probably multiple billions of barrels when you talk about the potential in the the arctic, alaska, the potential gofer offshore in california, potential in the south atlantic, and that, of course, coupledded with the intermountain west, that could be in the billions, close to a trillion. Never know until you drill, of course. Okay, congressman, back to the syria situation for a moment because we are awaiting a News Conference which Speaker Boehner is going to question his leadership. Do you have full confidence in Speaker Boehner . I certainly have full confidence in the speaker. I think the speaker, as a leader in one of the branches of government, feels that Foreign Policy ought to be spoken with one voice, persuaded, apparently, by the president that this is is a right action. I disagree with that position, but i have full confidence in the speaker, working with him for nearly 20 years, know what hes about, and i have full confidence in. Congressman, thank you so much for joining us today on a very big and important day. Thank you, sir. Youre welcome. Back to the markets now because if we are on pause with any attack on syria, and it looks like we are, thats the overriding element in todays stock market coverage, and the stock market rally, up 87 points now. That puts the dow at 15,150, but i want to look at netflix. Were on 300 watch. Did we get there, nicole . Yes, we did. Oh, yeah it was 303. 99. Interesting to watch how netflix is back to the summer of 2011, a p 00 stock, and you 300 stock. Everybody was upset, doing scenes, left for dead; right . It was around 50 bucks last september, and now its back to the p 300 level. House of cards, orange is the new black, and rbc put up 330 price target based on what they saw with the company, some of the parts, and its better than where it is. The moment i subscribed it went to 300. Amazing. Nicole, thank you very much indeed. Interest rates, mortgages, the housing industry. We got wells fargo first wells fargo, mortgage demand falls because of rising interest rates, bank of america follows suit, cutting jobs too, 2,000 positions cut in the mortgage business. Sandra smith is here. Mortgages, four and three quarters percent, still relatively cheap. Still relatively cheap, and i got off the phone with a real estate friend from prudential who reminds me its difficult to get a mortgage right now, so when you want to talk about how the government messed Something Else up, its the government restrictions right now that made things very difficult. He points out that as of january 1st of this coming year, you have to prove your income in a different way. While the mortgages are cheap, they are still very difficult to get. He also reminds me, a story im sure you corveeded, is the fact the jumbo mortgages for pricier homes are less expensive than the conforming mortgages. This is a huge story. He reminds me the territory was themed for. What happens with the demand for housing down, loans hard to come by, ease up on restrictions and standards for lending . Well, we know the answer is probably not, but, also, remember that demand possibly came down because the fact prices have started to come up. Not at all surprised to see lending standards, borrowing standards reduced. That would be a great thing. You think . Wonderful. Getting us back to where we were before . Could be back in the mess if we go that far to make the mess we did several years ago, but were almost too far to the other side where people are not in homes right now. Beware of the credit. Thats the last word. The cbo, the Congressional Budget Office, revealed that the house bill pushing a oneyear delay on obamacares individual mandate if we delay for one year, the cbo says we save 35 billion over ten years. Liz, this is the cbo chucking a lifeline to president obama. He could get out of the obamacare chaos if he just delays for a year. He wont do it. Senator reid said he wont do it either because this is his legacy. Health reform is the legacy despite the controversy of delaying the employer mandate, not delaying the individual mandate, wow, a big deal. The cbo report, stuart, resuscitated the g. O. P. s effort to punt Health Reform in the death fight. Gets the president out of the mess and democrats for 2014, just delay it. We got chaos, delay it. Heres a mess. The cbo report reveals the house, which is moving to say, listen, delay the individual mandate, this new cbo report just proves that fewer uninsured would be in the medicaid and Childrens Health insurance, delaying that, delaying the individual mandate, means theres fewer people enrolled in government programs; right . Fewer tax subsidies as well. It says, though, if you delay the individual mandate, though, for some reason, 11 Million People would be uninsured over the next year or so. Its split down the middle, that report. One more item. I know you got it, about the unions maybe not getting a pass . A republican from south dakota, hes just introduced a new bill sayingupons will not get a back room deal from the administration despite the fact unions have been really frustrated seeping the administration give back room deals to religious entities and companies, unions have been left in the dark. That is the labor movements big beef right now with the administration. No tax subsidies, no boom room deals for unions right now. Now up 90 points for the dow industrials, in fact, we are up 90. By the way, it was announced, what, an hour and a half ago, theres really big changes for the stocks that go into that make up the dow 30. Goldman sachs, nike, visa, move in to the dow 30 september 23rd when trading begins on september 23rd meaning three have to come out, and those people on the out are hp, bank of america, and alcoa. Liz, these are the biggest changes i can remember. A big deal. Changed seven times in the last decade, but youre right, these are the biggest changes, if these changes were made at the beginning of the year, stuart, the dow would be up 560 points. If they knocked out the last three, the cheapest stocks by price in the dow 30, so they knocked the three out for the very reason, and they wanted more representation by putting a nike for consumer goods. Do they adjust mathematically for that kind of price change of the stocks that are in the dow . Thats a great question. My heads spinning because i dont know. Thats a great question. They adjust it. Theyll adjust it friday. They are saying their adjustments will not, will not bump up or down the dow in any way or rattle the dow in any way. Its interesting. The moves they made. Nike is shocking much i dont know if that tests the temperature the consumer. Thats a high end product as far as consumer goods are concerned; right . Yep. Its still the 27th cheapest dow stock anyway, so introducing nike, they are not a huge player on the global stage. Gm and ford not back in, no Automobile Companies from the United States in there. Apple and google, where are they . All right. By the way, we are awaiting, i believe, Speaker Boehner is now speaking. Hes addressing a News Conference. Were looking for a headline from what hes got to say. Im not sure whether he will hes talking about jobs and the economy at this moment. Thats not a headline thats going to move the market, and i see dow up 94 points as we speak, and its beginning to climb a little, but i dont think its realitied related to what boehner is saying right now. All right, everybody, here we go. We have to take a break, but we shall return. [ male announcer ] imagine this cute blob is metamucil. And this park is the inside of your body. See, the special psyllium fir in metamucil actually gels to trap some carbs to help maintain healthy blood sugar levels. Metamucil. 3 amazing benefits in 1 super fiber. Big announcement from apple this afternoon, expected today by to a new iphone models, one, an updated model of the iphone 5, and, two, a cheaper model iphone featuring colored plastic on the backside of the thing. Huh. Here for a preview is the ceo of a Company Called social radar, michael chasen. Michael, i know you think this is a big deal. This is a huge event. Go ahead, tell me why. This is a big deal for several reasons. First of all, you have to realize that apples coming out with a slew of improvements, both to the operating system as well as to the hardware. What this means is that developers of mobile applications like myself at social radar as well as thousands of others are going to be able to take advantage of these new features to significantly improve their applications. Its more than just a ui redesign. They are talking about having new features such as a finger print scanner on the main buttons, talking about faster processing capabilities,ism improved location features bringing iphone, Smart Phone Technology to the next level. Viewers understand you talk up the own book. We understand that because youre an app write e and your apps appear on the iphone. I got that. I wonder, can you tell me about the fingerprint id . I know we dont know details how it works, but give me an idea. Its app deny an intriguing idea. What this means is there could be significant improvements in the way that smart phones are used for commerce or Payment Technology as well as improved security. This could open up a slew of commerce as well as security enhancements allowing the smart phone to be used in many additional ways. Let me see if i got this right. I check my bank balance online. If i got an apple iphone 5s, a brand new one, can i scan in my little fingerprint, and go straight to the bank account . No password, none of that . Just straight at it . I think thats the idea. Now, we have to see what apple announces today, but thats one to be expected big features that people are talking about. Okay. I think a bigger announcement that comes late comes with china. If they get access to china mobile, thats a bigger deal than anything else going on with the new model, what do you say . Well, i think you have to combine that potential news with the fact that apple is also estimate to be releasing a lower priced iphone meaning that they will be opening up technology not just more internationally to china, but also to a whole other segment of the population that to date has been going for the lower priced android phones. They open up a huge new base to potential apple technology. Globally, outside the United States as well as here in america. You want this to be a winner, dont you . Youre gong ho because your company depends on it, doesnt it . Well, social radar develops technology for iphones, android, and google glass. Any improvements in the smart phone field we take advantage of. We are excitedded about the announcement. Quickly, i dont have time left. You mentioned google glass. Okay, what does your app do for google glass . A quick example. Well, social radar gives you realtime information. You walk into a room, who is there, how you are connected, what they are up to. You can do that on the iphone and android and google glass, you can wear the Technology Walking into a room, and in front of you, that says who is there, what they are up to lately. How . Scan faces, facial recognition or what . Its not facial recognition. Social radar monitors all the other social networks, facebook, four square, twitter, linked in, and others for any Location Information begin from the people nearby compiling all of that along with accessing all the social radar users giving you updated information about those around you and information about them. Im fascinated, but i dont know that i like this, but it is absolutely fascinating what you can do. Good stuff. Sir, thanks very much for joining us. Appreciate it, thank you, sir. Great, thank you very much. Okay. Dows up 91. Melissa francis, star of fox business, and, by the way, little house on the prairie, sounds like a fun life . Think again. It was not a fairy tale. Well deal with that next. You know throughout history, folks have suffered from frequent heartburn. Butetting heartburn and then treating day after day is a thing of the past. Block the acid with prilosec otc, and dont get heartburn in the first place. [ male announcer ] one pill each morning 24 hours. Zero heartburn. Do you mind grabbing my phone and opening the capital one purchase eraser . I need to redeem some venture miles before mdemise. 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 . Look at the market for the second day in a row, theres a rally, ladies and gentlemen, up nearly a hundred points right now; however, Facebook Stock is down. Nicole, how bad is it and why . Well, its not too bad. The point of the story that it was run it ran up, and it was testing its alltime highs yesterday. It traded as high as 4479, didnt breakthrough 45 bucks on the ipo day, that was the high of the day. Still doing so well overall, much better than when it was below 20 bucks and shareholder wrs from thed. The other thing to note is they saw, obviously, major growth in instagram starting with 22 million users, up to 150 million users now, and 50 million in the last six months. That shows momentum there too. Sure does. Nicole, thank you very much, indeed. Put the big board up again, please. 96 points up, up 20 points in the last few minutes. There could be a reason for this. The speaker of the house said that president obama has not yet made the sale to the American People. When he said that, the dow went up a little bit more. Now were at 15,160, up close to 100 points. Something that really is very different. Melissa francis with us, the host of money with money at 5 p. M. Eastern on the fox Business Network, but many of you know her from the days of little house on the prairie, and after years in show business, she was inspired to write the book, diary of a stage mothers daughter, now out in paperback. Melissa, welcome back to the program. Thank you, thank you. This is about your mother . Its about myself, its about me, but its about our relationship in the way i was a raised and my time in hollywood. You know, she was a tyrant. She was tough, very tough, and, you know, i actually wrote the book because i was reading battle hymn of the tiger mother that brought me to tears and made me cry because it struck a cord with the way i was raised, intense pressure to succeed, and that kind of really driving your kid, and for me over the top with you . Yes, very much too far. Took money off you . No, its not about money, be the idea everything you do has to be the most, the best, and perfect every time. It made me a fighter, focus on succeeding, driven, i work through the night, i can be super human at work when i need to, doing whatever i do to be driven, but for my sister, there was a different impact. She had a different personality, and when she couldnt please my mother and lived up to the expectations, that destroyed her selfconfidence and destroyed her. Why did you write the book . Reactions of people gathering around the tiger mother thinking this is a good option, that kind of, if you drive kids like that, they end up at harvard and yale, and i did, myself, and i got reactions, people said, youre not grateful. Your mother made you what you are today, and im grateful, i see the Positive Side of it, but i see other women so driven and focused on succeeding they are never happy with what they have. I dealt with that in my life, thissed why of you need to take a breath and appreciate what you have in your life rather than always driving and working for that next thing, and then i also see the very destructive side of that type of parenting. You know, that sent my disr in the downward spiral. Im a father of six and reading that up for that purpose, what am i up to . Thank you. I want to bring up Michael Lambert because you have nothing but good things to say about that man. He was santa claus and god in one. He was this larger than life figure that made everyday so exciting. He drove all of the energy on that set, but what was really amazing about him was hes an incredible businessman way before his time. I mean, he was someone who really understood the business of hollywood, and rather than just being the star up front, he i dont knowed the show, wrote the show, created it, directed it, kept all the revenue for himself. On the set, he knew how to run a profitable business. I mean, hollywood is very much controlled by the teamsters, made friends with the unions, gave them lavish christmas presents at abcs expense, got them on his side to the point where he had to do overtime, they did it quickly, quietly, you know, without fining or charging him extra. He had the thing ran like a fineoiled machine. For all the kids, he treated us like youre paid an adult wage, work like it. Everybody show up every day on time, lines learned, hit the mark. Its a serious job. There was pride in the job well done. You liked that approach . I did. I mean, i think it was another thing that set me up for life, this idea that pride in a job well done, you know, when you Work Together as a group, and you achieve something realm, i had dinner not long ago saying she thinks this is why none of the kids ended up in rehab. Yeah, because, you know, child actors dont have a great history of turning out well. Yeah. Its absolutely true. I can say that. For him, it was a different set. There was no divas, no trailers, no princesses. He said everyone is here, everyone is equal. Everyone is working. Everyone is doing a job. We Work Together. We get it done. We bring it to the table. We celebrate afterwards. He demanded the kids. There was fun afterwards. There was rewards. It was down to a science. There was so many kids on set, and we had a blast. We had birthday parties, played together, the crew indull minged us, but we had a job. We were rewarded when it was done. It was an interesting college at a young age. I wrote about that in the book. A lot of the fans and people that are just interested in the mechanics of how the business works have liked that. Im fascinated by that, really am. Im curious, you know, do you believe your mother was pushing for you said not money, not fame, but more was she trying to guide you and make you the best . It was about achievement, achievement and success in everything we did whether it was horse back riding or ice skating or school, or hollywood because we grew up in l. A. Where that was the thing that was the most valuable, so thats what she it really i really was not about money. A lot of people draw the conclusion, but thats not it. Are you estranged from your mother . Yes, yes. I had to i dont want to ruin the end of the book, but like so many, challenges in life, you have to be your own person, and thats where i ended up. Were glad youre with us today on on the fox Business Network, and i think the book is a wild success. Now its in paperback. Youve been good. Thank you, thank you. Stay there. I will. Join us as well be back in a second. Look, i got a report with another black eye for abercombie worker who was fired for wearing a head scarf. The judge will pontificate next. [ male announcer ] how do you get your boce . Im, like, totally not down with change. But i had to change to bounce dryer bars. One bar freshens more loads than these two bottles. I am so gonna tell everyone. [ male announcer ] how do you get your bounce . [ woman ] time for change [ male announcer ] how do you get your bounce . No two people have the same financial goals. Pnc investments works with you to understand yours and helps plan for your retirement. Ta to a pnc investments Financial Advisor today. Stuart we said headlines would affect the market and we have gone up in the last few minutes and i have two headlines from syria. One, john boehner says the president hasnt made the case to the American People yet. That is what he said moments ago. John kerry said the u. S. Wont wait long for syria to hand over its chemical weapons. Here is my take on syria earlier in the show. Is just shifted, the good guys are in full retreat, the nations which brought prosperity and a greater degree of freedom to the worlds lack leadership. The bad guys have grabbed the ball and are running with it. Sandra and melissa are with me, they have got the ball and are running with it. Emma wrong . Hard to tell who the bad guys are in this situation. Stuart not us. The forces of democracy seemed to be losing but i am not sure by virtue of us going in and taking action they are winning. Sandra we have been out of control of this situation, lack of leadership from the moment where we showed our indecisiveness and lack of ability to make a decision. Stuart i have what i am calling another lifeline that may be tossed to the president. Vladimir putin tossed a life line on syria. Now the Congressional Budget Office maybe sending a lifeline to president obama on obamacare finding if we delayed obamacare the individual mandate for one year we would save 35 billion over ten years. I say that is an out. It would save the president agreed deal of heart ache for the democrats in the 2014 reelection and the cbs rose in a lifeline. I dont think he will take it. It is his legacy, interesting to watch the private exchanges that have cropped up to solve the problem. Isnt that fascinates me . Ibm and other Companies Like one is on the transition from the divine benefit Pension Program to the 401 k . Don at brad lidge stuart that doesnt solve the problem. You can see the doctor youre like or the policy like. We are heading down that road. Wouldnt a private exchange be better than obamacare . Stuart you have the president being offered an opportunity to avoid the chaos of the individual mandate. Avoid those lines. I agree with you that this is a lifeline. Very lucky. Stuart when the cast gets worse in who knows . Or stay at a press conference and there is it is. That happen these days. Stuart you are terrible. I dont think theres a live line. It is shown to everyone that is not working. Stuart the judge has been itching to get into is this. We dont have time for his views on that particular subject. Too bad for you. Judge napolitano happen to agree with you on this. Vladimir putin is a killer, barack obama is the winner of the nobel peace prize. Their roles are reversed this time around. Vladimir putin seems more reasonable and barack obama wants to bomb and killed to save face. Stuart you got your 0. 10 worth in. Judge napolitano talk about abercrombie and fitch and backups but if i agree with you stuart may i read from the official introduction . Judge napolitano even though i havent been introduced. Stuart abercrombie and fitch wrongly fired a muslim worker who wore a head stock to work. The judge said the company violated antidiscrimination laws when it fired her in san mateo, calif. Why shouldnt a retailer dictate how its employees look when they relate to the customers . Judge napolitano the legislature of the state of california much like the legislature of the home state of new jersey thinks it knows what is best in deciding how of private Property Owners should operate his business or her business when the public is embedded to the business. The laws of the state of california so favored the individual as against his or her superior that the individual almost always wins. This wasnt even a jury trial. She sued for damages and made a motion for Summary Judgment saying as a matter of what i should win and the judge said yes, we will hold a trial on damages to see if you are entitled to the Million Dollars you want but on the issue of liability you win because abercrombie and fitch violated a California Law because the California Legislature doesnt care about private property, doesnt care about proper Property Rights or what is necessary to earn an income. If you like wearing your clothes at work why would you go to work at abercrombie and fitch which sells its clothes with semite naked people . Stuart not sure we have an answer to that. Would the ladies weigh in on this . Will don a second. Let me tell you this story. I am in the den state plaza mall on occasion. Victorias secret source standing right up front, a big story ats secret employee and a full burke the, you could see all you could see of this young lady was her eyes. The rest was all black and she was standing in front of employed by victorias secret. Judge napolitano was this a joke . Stuart she was wearing of a full burke. I could not understand that. Judge napolitano there is the defense for abercrombie and fitch and for victorianas secret for this to become litigation in new jersey what is called a bonafide occupational requirement. It is requirement of your job that you exposed parts of your body in order to do the job than ones personal religious objections would be insufficient to change the workplace regulation. Stuart digress from the script, dow jones average up 110 points. I made the comment earlier this morning that money has no morality meaning the market doesnt care the right or wrong of syria, they just want to make a profit. Emma wrong . Judge napolitano you are 100 , money is and in an object so it cant have morality but the use of money will go to where it produces greater return. I appreciated the artistry of your metaphor talking about those who are looking for money and profit, look at him reading the exact wording of the law. Which i love. Here are absolutely 100 correct, relieved to see there isnt going to be not the markets dont care, the markets are allowed when syria is put on the back burner to focus on the raw fundamentals of a market which are strong earnings, weaker u. S. Dollar, all that is helping. Stuart princeton, harvard, you win. We will take it. And actress diagnosed with terminal brain cancer, has months to live, no matter, she still committed to four hours a day of training for popular tv show. We have one of the judges of that show after the break. You have got to see if this one. [ indistinct shouting ] [ indistinct shouting ] [ male announcer ] time and sales data. Splitsecond stats. [ indistinct shouting ] its so close to the options floor. [ indistinct shouting, bell dinging ]. Youll bust your brain box. All onhinkorswim from td ameritrade. Stuart a new report finds two million homeowners are no longer under water for the nineteenth homeowners were under water the First Quarter of this year. It fell 14 at the end of the second quarter. Walmart announcing a smart phone trade in program that gives customers a credit of 300 when they take their current smart phone for a newer model. The move comes up month after a announce they offer a similar deal looking to upgrade. Boston beer co. Cofounder and chairman jenny polks network just topped ten figures, creating the sam adams brand and growing of boston beer co. Into the second largest u. S. Owned brewery. Next, dancing with the stars judge, have we got a story for you. [ male announcer ] 1. 21 gigawatts. Today, thats easy. Ge is revolutioning power. Supercharging turbines with advanced hardware and innovative software. Using data predictively to help power entire cities. So the turbines of today. Will power us all. Into the future. Folks have suffered from frequent heartburn. Butetting heartburn and then treating day after day is a thing of the past. Block the acid with prilosec otc, and dont get heartburn in the first place. [ male announcer ] one pill each morning 24 hours. Zero heartburn. Lou on lou dobbs tonight president obama goes on National Television tonight trying to convince congress and america that he deserves approval to attack syria. The stock market says mr. Obama will be denied that approval. We take up tonight at 7 00 eastern. Stuart is this an alltime high for netflix . Nicole certainly is. In 2011 was shy of 3. 05 and today you see 3. 56 as high as 3 and 756. The forget what they have been doing, obviously adding subscribers which give them more money and more and half of their annual revenue on content so more subscribers, revenue, content in addition to the original programming we discussed earlier and some of the analysts, rbc talk about price target recently so a new alltime high. Stuart momentum. Thank you very much. The dow is up 112 points. Knowledge genuine star. One of the judges of dancing with the stars and she joins us right now. I want to start with i believe she is 74 years old, the actress, valerie harper, diagnosed with terminal brain cancer yet she has committed to four hours of rehearsal. Day to appear on the program. It is fantastic. And so inspiring because she is proving life is not over no matter what diagnosis you get. My mother had cancer, my father had cancer and heres a moment everybody gives up and she was so not even close. Stuart it is all so i dont mean to be finicky here but also a great ratings grab. Perhaps but more importantly it is great for her to get out and do something wonderful. See. I dont think it hurts our ratings but i dont think that was the only reason she is doing it. Stuart apply use the word black pool would have any meaning for you . Yes but not a lot of people. Stuart i was born and raised in england. My mom and dad did a lot of ballroom dancing and when i was a little boy, im sick every year to black for football run dancing championship. Of very big deal. I huge impact on me. It is wonderful because in those competitions you see these great sort of social norms that men are men and gallantly grabbing women and dancing with him so eloquently and women are being women with their sexiness, so much fun. Stuart so much more restrained compared to what you are judging today. We had many of those. And these ratings, which is coming up, plenty of people to enjoy themselves. Stuart on the subject of my mom and dad they suffered from arthritis, the english disease and i believe the english condition i should say. You have it too. Yes and i know most people think it is only for the older generation but i am 45 and i was diagnosed in 2007 so it has been a while and it came from dancing. I was diagnosed with osteoarthritis and turned into spinal stenosis. Stuart it came from dancing . A product of dancing . Dancing bears a lot of whiplash almost like a Football Players injury, ended impact on my neck. And what i have done is partnered up with massage and the, wonderful spots and the Arthritis Foundation and what they have is this year the third annual Healing Hands for Arthritis Campaign and they are trying to raise money to find the cure so everybody gets a massage, you can make reservations at massagein the dog on september 18, 10 dollars will be donated to the Arthritis Foundation so get a massage, take care of yourself and get back. Stuart first massage in my entire life. You never had a massage . Stuart once. You need to make a part of your whole wellness routine. You need your whole wellness because it is also a ratings boost your. Stuart very good. Congratulations, thanks. There i say that sandra smith was right . We are talking grunting in tennis. You really love, what would you do . [ woman ] id be a writer. [ man ] id be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] id be an architect. What if i told you someone could pay you and what if that person were you . When you think about it, isnt that what retirement should be, paying ourselves to do what we love . And this pk is the inside of your body. See, the special psyllium fiber in metamucil actually gels. And that gelling hes to lower some cholesterol. Metacil. 3 amazing benefits in 1 super fiber. Metacil. Everybody has different ideas, goals, appetite for risk. You cant say one size fits all. It doesnt. Thats crazy. Were all totally different. Ishares core. Find out why 9 out of 10your 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. Stuart grunting at last nights u. S. Open championship, terrific game, both guys indulged in the ground, they were both at it. I say it hurts the game, puts me off but sandra says it is perfectly okay. Sandra what the athletes do what it takes to hit the ball effectively, power, confidence, accuracy, that is what is happening and it is that when a man does it. Stuart i did not say that. I am an equal opportunity critique of grunting in tennis. It is a natural form of when you exert energy swinging a racket into a ball. Stuart you are wrong, time is up. Liz claman kicks off her three days in the valley coverage today. Get me out of this. What have you got . Didnt he grunt back in the day . You should be here. We are on top of a roof of the Marconi Center in san francisco, northern california, huge tender of technology news, fox business, like no other Business Network is covering it, everybody talking about the iphone situation, robert gray is going to be there but come inside to the Intel Developers conference, the sixteenth annual address, sixteen developers without intel chips, you dont have things like tablet for pcs which are declining so what is in tel going to do to get into the mobile market, a fox business exclusive on day one of three days in the valley, our sixth year, we ask the ceo of intel, we have so many questions for him, fox business at his first interview, television interview. We will ask about how he plans to get bigger in to mobile, the adobe ceo is going to show you how to trade your old i phone for the new one that may be announced today, and they one of the sixth annual three days in the valley, no one covers the like fox business. Stuart more varney in just a moment. [ male announcer ] these days, a Small Business can save by sharing. Like carpools. Olly wants to know if we can pick her up. Yeah, we can make room. Yeah. [ male announcer ]. Office space. Yes, were loving this communal seating. Its great. [ male announcer ] the best thing to share . A data plan. At t mobile share for business. One bucket of data for everyone on the plan, unlimited talk and text on smart phones. Now, everyones in the spirit of sharing. Hey, can i borrow your boat this weekend . No. [ male announcer ] share more. Save more. At t mobile share for business. Stuart my thanks to sandra for carrying us through a big day for your money and in the world of diplomacy and politics. Look like any attack on syria is delayed, looks like a diplomatic compromise is in the works, maybe. Market loves it. Dow is up 100. It is yours. Dagen what did investors know last week week . The dow snapped a losing streak, the market rallied and i dont know, maybe never thought we would make a strike. You never know. And to talk about grunting, again, thanks so much. No hand wringing on wall street despite the mess in washington. Will we see a vote on syria . What about the other agenda items in d. C. That matter to your money . Apple said to reveal the new iphone that unlocks with your fingerprint. Is that enough to matter . Calorie crushed, mcdonalds being tested in kansas city, a family size serving but what about with obesity, the serving for one . Out, cant wait all it wants now, the dow gives a long standing component the boot for nike, who is in and who is out and why you care. Those stories and more on this hour of markets now