Has been such a winner. Q it is not sony. Xd sony has been on a tear. Shares downxd freshlyt xdlp todf you look at the overall picture of what is happening with thexd company. Xdi] fluctuating mostly lower because of the dramatic drop off for apple stock. Analysts and investors give to a thumbs down to the tech giants new iphone. What is going on here . Looking at it more as a refresh. Versus something that was really brandnew. When you look at how apple has reacted toward the stock during the product launches, the day after the iphone 5 itself was released, the stock hit a record high. Raising the day after the iphone for s announcements because those were seen as revolutionary versus evolutionary. Apple shares fell less than 1 . Obviously not the case for today. Nicole petallides on the thick k exchange. Nicole you showed how the stock reacted. In this case, as you have slickly noted, apple down under pressure yesterday and today even furthe furthermore to the downside. A loss of 5 weighing heavily on the nasdaq composite. 13. 3 of the nasdaq is weighted in that index so heavily. The dow and s p are furnishin f. Three of the biggest ones. A concern of the disparity between the 5s and the 5c is not enough to gain traction. What about china mobile . They clear the last hurdle to run the iphone on the China Mobile Network yet no deal was announced. That is one of the wildcards that still remains, why is everybody looking over there . I thought it would be soon. That seems to be one thing that is still a wildcard leaving questions for investors. Back to you. Liz we have the shutter fly clo earlier on fox business exclusive, he said did you guys evedo a notice party announcemes yesterday was apple is getting rid of the eye card business which was meant to take on shutter fly business. That went away. This is a company transition. Companies dont seem to like that. Apple is a huge contributor to the s p 500. Seeing give or take two points. It would be the seventh consecutive gain for the s p. 1686, thatll be the longest winning streak in two months. To see of the rally will likely continue, we ask our friends on the floor show. Traders at the new york stock exchange, cme and the nymex. How may times have we asked will this rally continue . As long as the fed is really putting the gigantic pillow of money under the market, you are going to see stocks higher unless there is some horrific headline, correct . Speak of the only risk we have had is some sort of a Global Political upheaval that may come up from the pike in asia somewhere. We are just not getting that in experiencing what we call a sigh of relief rally since there will not be any bombings in syria. We have been talking in the last year said please dont short this market because it will be trouble. Eventually it will come back and that is where it is right now. We are neutral at the moment so we dont have a firm footing of where it is going to go. Pretty stiff resistance on the s p, but it would not surprise me if we go back to the all time high there is strong momentum thing built into this rally. Liz you have united technologies, the helicopters, elevators. One of the dow leaders. Lets look at the u. S. Dollar for the moment. It is moving lower. The uk got betterthanexpected employment numbers so they might not have to have as much quantitative easing on their side of the market. That became positive for the pound. The u. S. Dollar. Go ahead. The u. S. Dollar wants to work a bit lower. The market is saying no tapering, but if theres going to be tapering it will probably be under the 20 billion mark coming in very easy and that is not considered a super supportive of other currencies. The pound is different in that it has been in an uptrend and it is accelerating again and it became one of the currencies in the syrian war. If we went to war, it was the pound versus the euro. 80 even the yen at one point. Now what we are doing, this is all probably by friday it will go a lot flatter. Liz if anything is affected by geopolitical has to be the oil market. I get waking up with a text message. We have Oil Moving Lower some point today though it is talking that idea it is slightly higher. Why . That is the question of the day. What i will say is this. Since i have been here in this age of trading these markets in oil and product, look at the gasoline crack. The difference between the price of gas and the price of crude. The crude oil 107. It is only trading 6 above that. Last year at this time the last five or six years have been trading gasoline premium to the crude of 20. Even 30, 40 at one point last summer. It tells me theres a lot of supply that the crude oil is being used as a speculative run. Geopolitical situation we have after that speech last night we did not get much of a move either way. If you look at what the product is doing, it is getting really weak versus the crude. What i am saying is if you have a 10 war premium, i am going to go a little deeper than that and i will predict a move before the end of the year down below the 90s again. I think we have a big move to the downside coming. Liz lets save the tape, we can throw it back in his face when he is wrong. I am kidding. We hope you are right. Good to see all of you guys, thank you for joining us. I have to give you a hard time. You just heard him call a sigh of relief rally because it looks like at least for now United States will not strike syria anytime soon. Diplomatic efforts to get syria to give up its chemical weapons, which we know they have, are intensifying. Hours after president obama addressed the nation, he made the case for an appearance in syria but calling for delay on whether to launch strikes. Peter barnes joining us for the white house with more. How are they going to figure this out, peter . Peter as white house tries to put some topspin on the president s speech on syria, today it appears the president has lost ground in a crucial constituency. Congress on the syrian policy, he of course still wants congress to authorize a resolution for the possible use of force against syria if the new proposal from the russians to contain and control serious chemical weapons doesnt go anywhere. Lets take a look at the positions, the votes tracked by the washington post. They showed 256 house members oppose or are leaning against a syrian resolution approving a military strike against syria. Five more than was in the column last night before the speech. 152 house members remain on the side, 25 say they are for it. On the senate side, 41 members say they are against or leaning against a resolution calling for force against syria had three more than last night, 36 undecided, 23 are for that resolution. Today one key democrat proposes the plan was unmoved by the administration. A credible threat of u. S. Military action is on the table. It is because that threat is on the table that we have seen the kind of aboutface from the syrians that w weve seen the lt several days. He does not want to take an imminent strike off the table. I dont think a strike anytime in that part of the world will do anything more of what we have seen in the last 12 years. Jeff at the planet front, the five on the Security Council on scheduled to meet in the next hour to work out the details of this proposal from the russian. Liz okay, thank you very much, peter barnes. Breaking news right now, jpmorgan is going to expedite anticipated rate spikes. Halfway through the 20,000 headcount reduction. Charlie gasparino breaking this news jpmorgan may expedite laying off of some of these workers in the mortgage division. We saw a big pullback becam we o refinances recently simply because we start to see the uptick in mortgage rates. More on that as soon as it is available. The closing bell ringing and 48 minutes. What a difference three years makes. Up next we will bring you the very inspiring story of a biotech innovator who is turning micro algae from test tube three years ago into breakthrough products for dow chemical. United airlines, this companys cofounder and ceo joining me in just a few minutes. One of the original three days in the Valley Companies we used to cover. Speaking of innovation, we have a fox business exclusive on the escalating videogame console wars with the commander of sony computer entertainment. All out assault. Both Companies Launching brandnew councils. That and so much more. We will show you the as yet unreleased playstation for counsel as so much more getting the dirt on the scoop on the numbers as we continue our live coverage, day two of three days in the valley with the playstation headquarters. Liz look who is with me. Do you recognize her . The iconic laura croft. Amazing games that sold hundreds of thousands of copies. Today so many things have worked for sony playstation. It is two months and three days to the day until today sony is going to reveal the playstation 4 counsel. Being heralded as possible to best console in playstation history. Guess who is behind it, this guy, general in the war they comes the consul between xbox, nintendo, sony. He is jack tretton. Great to see you. Sony computer entertainment has been one of the threeday originals every single year you have comments joined us and we appreciate that. It has been a great story, hasnt it . Unbelievable. We are at an alltime high right now. Liz you could get even higher in two months from now. The big reveal right here, dont even want to tease it, here it is, playstation 4. These are the hand operating things. What will be exciting as it will not only read your hand motions but your facial motions as well. It is the crown jewel and a tremendous road for us debuting the original playstation in september of 95. It will be the biggest launch in history. Liz what is the number at now . It is everything we can manufacture. We want consumers to be able to buy one through the holidays were holding back some inventory to make sure people have an opportunity, but they can presale every product we can manufacture. This will be by magnitude of the biggest launch we have ever had. Liz what are the numbers . It keeps going up. We probably will not report on it again before the launch. There is so much pent up demand, you can sell everyone that you can create. Liz they games have be ready by november 15, will they be . 33 games available by the end of the holiday. 20 available on november 15. These are games three years plus in development. Multisevenfigure budget, huge blockbuster hits. Liz which one will you keep your eye on . Some tremendous gains coming from our internal studios exclusive to playstation. A game that we actually excited about. As well as thirdparty franchises coming over. Call of duty will be very big. Destiny coming from activision. Liz we were showing this exclusively to our viewers earlier. Very lifelike, very fascinating. What will be the real opportunity . People are less inclined to spend more on expensive package games. The whole smartphone issue is kind of hurting this business, is it not . Not at all, the reality is gaming hasnt been bigger. Youd be hard depressed to find some to under 50 who does not game. Male and female, young and old on a worldwide basis and they expect that immersive experience. Playstation 4 can give you that immersive experience that you cannot get through something on a smart phone. Liz this will retail 399 not including the camera, correct . Right. Available for 59. Liz still together less than what the xbox is going to cost. Also suspiciously coming out in november. Trying to steal your thunder, maybe. But who knows. Ge to think it will give you that you are less expensive . Three key advantages. The most powerful machine, less expensive and the biggest most diverse exquisite lineup of any platform ever launched and that is going to drive the sales for us in the long term. Liz microsoft is a formidable competitor no doubt. If you look at how they are developing their product, what do you say to your team to ensure people reach for the playstation over the xbox . With a laser focus on the consumer. What does the developing community want, how do we give them the pellet to create the best gain experience possible and we see competitors come and go. We will have formidable competition going forward. The laser focused on the vision and execute what the gamers want. Liz i heard you guys got 252nd long standing ovation applause we announced they would be no restrictions on the games. You can play all the games, borrow games, lend games to your friends, was that i a pushback Microsoft Xbox . People hated what microsoft did, but did you say that we are going do the opposite of what they did because gamers hate to this . To work closely with the gamers and all we did was continue what we have been doing since we debuted the original playstation. It wasnt a reaction to microsoft, it was a continuation of a vision we have and based on a 252nd round of applause that validated that. Lori you have ugly 15 plus consecutive months back in january of sales declines. How do you turn that around . Were talking about this seventh year of a consul lifecycle. If you use the tv analogy, reruns of a show dont seem to be doing as well as when it was a big hit. The new machine and the consul were going to reinvigorate the industry and this will be the biggest launch and you are going to see validation for gaming is healthier than it has ever been and the consul is at the top. Liz some of the strongest muscles come from playstation. The Hedge Fund Manager we were talking about how he said you guys should split up the company. What were you thinking at the time you heard that . He was unsuccessful, obviously. We listen to all of our investors and consumers. We value his opinion but at the end of the day we execute our Business Vision and as you said by station is one of the crown jewels bringing in the consumer we want, brings in the credibility in terms of validating the technology and innovation. We are happy we got validation our vision is one that is solid and the investor reaction has been great as well. Liz some would argue the interest spiked it a little bit, but as we finish up, the playstation 4, how big will this be . Biggest in history. I cannot wait for november 15. We are going to wait to make sure every consumer gets one. We are focused on the next 10 years, november 15 is only day one. It will be very positive. Liz im thinking game stop, where else . Walmart, target, toys r us, all the major retailers will have the credit for playstation 4. Liz Walking Around playstation all day today, thank you so much. Great to see you. Ceo of sony computer entertainment. It is an honor to have you on a threeday finale on fox business. We are holding on to triple digit gains for the dow. About 35 minutes before the closing bell rings. train horn vo wherever our trains go, the economy comes to life. Norfolk southern. One line, infinite possibilities. Do you mind grabbing my phone and opening the capital one purchase eraser . I need to redeem some venture miles before my demise. Okay. Its easy to erase any recent travel expense i want. Just pick that flight right there. Mmm hmmm. Give it a few taps, and. Its taken care of. This is pretty easy, and i see it works on hotels too. You bet. Now if you like that, press the red button on top. How did he not see that coming . Whats in your wallet . Liz welcome back to california, Silicon Valley. We are at playstation headquarters. Only day two of three days. Yesterday the Intel Developers forum. Tomorrow we are live from jive software. They just went public this year. We will bring in Board Members and show you how a board integrates and works with ceos. Lets get back to the task at home in Silicon Valley it is all about startups and solving problems you didnt even know you had. How may times have you gone to a vending machine for caffeine boost only to realize you dont have enough change. One company has come up with a solution. Allowing you to pay for your diet coke with a smart phone. Robert gray with the very latest details. Robert thank you so much. You can see it is hustling hair now. Lots of entrepreneurs showing off the next big idea. The cofounder and the ceo. You basically started this company because you were out for a run, cannot buy anything because he did not have any cash on you and that is how you started it. Tell us how this works. We created this device right here. The software in the machines has not changed, but we reverse engineered the software to make it have Internet Connectivity and connect to any iphone advice, any Android Device or any mobile webpage. What we are able to do is were actually able to pay for any drink, any kind of mobile payment through paypal, Google Wallet or even a safe credit card device. Robert just take your smart phone out with you. How do you know, will there be a sticker or something to tell you . We wanted to show you can plug our device into any machine that we have never touched, turn it on and it would work. Typically there would be a sticker that this is a machine id 123 and you can tell us where you are and we can tell you where to send the credit. Robert youre trying to work with the partnerships of some of the big guys, right . We have a model where instead of paying for the drink like you normally would with cash or anything digital, you trade, you promote an advertiser and the advertiser will pay for your drink and uses our protocol so it adds the credit to the machine after you post something to facebook or twitter. Robert what has the reception been like . You have attracted bigname vendors as well. Mark cuban was our key funding. We presented him at a gym, he likes the idea. Since he likes the Dallas Mavericks and they are promoted with dr pepper, we have been working with them. Today is the debut of us actually showing this. Robert you heard it right here. Take your cell phone with you next time. Look for the sticker. 5 million possibilities. Back to you. Liz i see the next startup idea, something to hold onto the smartphone because smart phones are sometimes heavier than change. You need a belt to hold onto the smart phone as you are jogging. Thank you. Fox business has technology covered. The closing bell ringing, can apple get over the great wall of china . We are breaking down emergingmarket reaction to the iphone 5c. And, it is an algae makeover . Really . One biotech firm is using algae to make money in ways you wont believe. We talk to the ceo after the break. Stay tuned. [ tires screech ] [ 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