Hertz cut its fullyear forecast because of weaker than expected rentals at airport. Hertz offering a handful of tesla model s cars at a california airport. I wonder how much it will cost to rent. Liz 500. David 500 bucks a day. Wow. New claims for jobless benefits fell to 305,000. The job reinforces the Federal Reserve case to taper the Stimulus Program in october. Liz Commerce Department says the Gross Domestic Product grew at annualized rate of 2. 5 in the second quarter. Pretty much the same as the previous growth estimate for that period. David shares of air chemical and products are up after the Company Announced it will plan to look for a new ceo. The chairman and ceo john mcklain will retire next year. Liz the government stepping up plans to get out of General Motors entirely. It now owns just over 7 of gm stock. The treasury plans to sell all its remaining shares by april 1st of next year. After the bell starts right now. Liz weve got breaking news on lazard Capital Markets. Charlie fast, live with it. He is in chicago charlie gasparino. Lazard, we should point out the famous investment bank. Felix rhodes was one of the top guys there. The Capital Markets arm has 200 people. Executives are scrambling to find new jobs as the company mulls a potential sale. What we understand the companys fate, whether it is going to exist or not or how it will exist, we should point out will be decided from what we understand from these executives imminently and the options include, this is kind of interesting, a potential management buyout and also a sale. We do know that there have been people, potential bidders in there looking at lazard Capital Markets for the last couple days. I think the biggest story here, guys is not just the firm and were talking about 200 potential jobs and people looking for new work, but also what does it mean about the markets . Its a very tough operating environment out there. Not a lost equity volume. People are not makeing a lot of money. When you have sort of marginal firms this is firm that a lot of people say expanded too fast when they broke off from lazard the main firm, the big investment bank. They expanded very fast and then you hit what is now kind of a lull in trading an volume assume so it is paying the price. We understand whatever is going to happen, were getting this from people that work at the company, looking for jobs, resumes are all over the street theyre saying it will happen pretty fast, its imminent. We do know lazard Capital Markets has been exploring, quote, unquote, Strategic Options since may. This is something different. This is essentially the rubber is meeting the road with this company from what we understand. It is an imminent decision. How this will turn out we dont know. It could be a sale. It could be a management buyout. People are talking about one possibility, it might not exist. I mean that is one of the possibilities. We should point out, we put repeated phone calls into Public Relations people that allegedly represent this firm. Guy named scott sunshine. Not heard back. Were getting this from people at the company who are looking for jobs. Guys, back to you. David the sun is not shining at lazard. Liz give us a call or else, right . By the way liz not a management buyout, charlie. Who would want it on the street . Who would be the best acquirer . Thats a great question. I dont know. I mean i dont know what is the marketability for this type of firm . Can you get, remember what kind of happened with Lehman Brothers and what merrill, were talking about on the fiveyear anniversary of the financial crisis . Lehman brothers went into bankruptcy. Barclays went in there and bought it real cheap. Bought it for like firesale prices, right . A dollar, whatever it was. It wasnt a lot of money compared to the size of barclays. Merrill on the other hand was sold to bank of america for hefty amount of money and many people think that among the many sort of missteps of ken lewis, decent guy, countrywide was a big misstep. Bank of america paid mightily because of countrywide disaster and its exposure to bad mortgages. Merrill probably overpaid too much for because it could have gotten merrill in a couple days in bankruptcy. Remember these firms, what are they . Theyre people. Sometimes you get the people for free. So who knows what this thing is worth, i dont know. David barclays ended up getting a hell of a bargain. They did. They got good parts of lehman and government, fed had bad part. U. S. Taxpayers. David i think the government might be reluctant to get in on that one. That is, i guaranty, that is not happening. David that is not going to happen this time. Charlie, thank you very much. Breaking news from our own charlie gasparino. Lets get to todays market action. Lance roberts, fta Wealth Management chief strategist and alan duckman in the pits of the cme. Alan i want to talk about the lowly dollar. The dollar was on a role then the fed comes in and said it will delay tapering. Is it getting up pretty bad here. I think so, but my reasoning because it is unwinding. Bonn unwinding earlier this year from safety. The same thing happened for the dollar. The dollar accelerated to the upside because it was best of all bad currencies. People are getting out of the safety and dollar is getting below the equalibrium level. 80 will lift a lot of assets markets. Liz i tan tell you whatever happened with the dollar, quits liked it. We snap ad sixday losing streak for the dow and s p. Where do we go from here . Weve been stuck in this trading range really since august. You and i visited last month about the selloff we had in august and had this rebound in september because of janet yellen coming in for larry summers. The markets like that. It means more accommodation. Also now we have fed come out with know taper. But the problem is we havent been able to break out to new highs yet. So to get this market back into an upper trend, we have to get up and set new highs and getting moving to the upside. We may have more consolidation work here probably for the next couple weeks. David if thats true, it sometime to pocket some of your earnings . We have a rally rich runup. If so, how do you pare the gains you have in your portfolio . This is something we talked about earlier this year. In fact i visited with liz back in march talking about how to weed and prune a garden. Take some profits off the table. We had been in kind of a volatile summer. We were up, we were down, we were up, we were down. We didnt go anywhere. The issue look at winners, if i have 5 of a company doing really well and now 8 of my portfolio, trim it back to five. Take a little money off the table. When we do that that gives us cash to allocate when we have a good buying opportunity which we may have in the next month or two. Liz alan, you watch flows, the money flows. From the start of this bull run weve seen over the past two years, lets call it, there have been skeptics who sat there clutching their bags of money on the sidelines, missing the whole runup. Do you see commitment to pull that money off the sidelines and go to more equity involvement . No, i still see a whole lot of nonbelievers. Your guest there is definition after uptrend and my definition of a uptrend are totally different. Were 2 offer forever alltime highs in s p. Made last thursday. Please the market has to pull back before it can go higher. This level at 1686 level was kind of a breakout base last week before the takeoff. We held that this week. It looks like were makeing a base here. A lot of good things are happening. Crude oil is gone down, Interest Rates are going down. Crude oil may basing out at 103. We had bullish divergence, meaning new lows not new highs. That is how the market makes a bottom. David interesting thing about landss view on Interest Rates, you say they come down but their lingering effects could still ruminate in the economy and pull the economy down. Of course. We talked about this earlierer bonds gotten very oversold a few months back and rates would come down towards the end of the year and a lot of this has to do coming up with the debt ceiling debate, worries over that and people puting a little money safely david even though the Interest Rates have come down 20 basis points or more in some cases how could they still, the upward trend affect. Market . Comes down to really borrowing costs. Look what is happening with pending home sales and some other numbers. Were seeing softness in some of our retail areas as well that are consumer sensitive. As you look at Interest Rates it take as while to affect through the markets and consumers. Consumers dont make immediate decisions about purchases especially bigticket items like a home. Takes time. People are rethinking the idea i could have had a Mortgage Rate at 4 . Maybe i see if that comes back. Liz see how that works out for you because it is not. Lance roberts, thank you. Alan well check back with you in a few minutes. Thank you. David thanks, guys. He is a colossus a man who led some of the biggest names in Corporate America. Liz so eager to say bob nardelli because he is in the house. Former ceo of home depot and chrysler, here in a fox business exclusion sirf. Chrysler is filing an ipo possibly. Were very interested in hearing his ideas about that. He has a big idea that every investor wants to hear. David tell me what it is. I will tell you. David well have to wait. Nike first out of the starting blocks with its first report. It used to be alcoa. Alcoa is out of the dow. Nike is in. Well take a deep dive into the results and find out whether the bellwether company is on a liz tesla model s sedan will be rented at hertz for about 500 a day. Would you rent a tesla from hertz . Two seconds just to try it out, right . I dont know. Liz log on to facebook. Com afterthebell. Let us know. [ bell ringing, applause ] five tech stocks with more than a 10 . Change in aftermarket trading. All the tech stocks with a market cap. Of at least 50 billion. Are up on the day. 12 lowvolume stocks. Breaking into 52week highs. Six upcoming earnings plays. That recently gapped up. [ male announcer ] now the world is your trading floor. Get realtime market scanning wherever you are with the mobile trader app. From td ameritrade. With the mobile trader app. At od, whatever business youre in, thats the business were in. With Premium Service like one of the best ontime delivery records and a low claims ratio, we do whatever it takes to make your business our business. Od. Helping the world keep promises. See who does good work and compare costs. It doesnt usually work that way with health care. But with unitedhealthcare, i get information on quality rated doctors, Treatment Options and estimates for how much ill pay. That helps me, and my guys, make better decisions. I dont like guesses with my business, and definitely not with our health. Innovations that work for you. Thats health in numbers. Unitedhealthcare. Amelia. Neil and buzz for teaching us that you cant create the future. By clinging to the past. And with that youre history. Instead of looking behind. Delta is looking beyond. 80 thousand of us investing billions. In everything from the best experiences below. To the finest comforts above. Were not simply saluting history. Were making it. Liz weve got some pretty interesting breaking news on pets smart. Pet smart. Nicole on the floor of new york stock exchange. We have a Share Repurchase program to break it down here on petsmart which is a pet specialty retailer. The Company Announcing with the board of directors getting approval to do this with an increase in the Quarterly Dividend by 18 . 6. 5 cents up to 19. 5 Cents Per Share beginning in the Third Quarter of fiscal 2013. This will be paid out on november 15, 2013. The other part of the news here that the board of directors also authorized was a new 535 milliondollar share purchase authorization. That will expire in january of 2015. We all know pets are an incredible Spending Amount for consumers around the states. The stock itself, you can see here, this is a bid ask afterhours looks higher in the afterhours. Yeartodate it is up almost 10 . Something that is notable with the move up nearly 3 4 of 1 today, the stock is about a buck off its alltime high that was set back in august of 75. 15. We will watch here. You saw the bid ask boards with the stock looking higher. Tomorrow could be a recordbreaking day for petsmart. Well check it out tomorrow and bring it to you. Liz thanks, nicole. David a mixed day for commodities as oil snapped a fiveday losing streak but goldenedded lower yet. Lets head back to the pits of the cme with alan nubbing man and our own sandy smith. Sandy lets talk about gold. After the fed announcement it would keep printing money. It cant keep printing this much money forever, it just cant. After that gold shot up about a couple hundred bucks. Then it continued going down and down and down. I guess somebody really took a lot, the people that bought cold on that one day, when the fed announced would keep printing money, they took a loss, havent they, a big one . They got burned. As far as most are concerned the riskoff trade is still happening. Gold today has seen a significant decline of multiyear highs of 110 a barrel and syrian crisis. Now we have crude oil at 102 and change. The stock market, david, we had some pretty good economic news. Jobless claims at a sixyear low. Gdp 2 1 2 . Yet we only got a 55point rally in the dow . This is arguably still the selloff intact and riskoff trade we grown to know over the past week or so. Liz alan, as we were mentioning the market snapped a sixday losing streak broadening out the discussion from commodities into equities here. Right. Liz what do you think as we look to futures tomorrow . Were in a dead period now because earnings dont kick in until october 8th. You get typical unwinding when not getting fundamental news. Liz hold on, sorry to interrupt, speaking of earnings, jo ling kent with nike earnings right now. Jo ling, how did they do. Liz were seeing a solid beat for nike. Earnings per share at 86 cents. Revenue coming in at 7 billion, beating the estimate of 6. 97 billion. The eps estimate was originally 78 cents. Theyre also saying that their athletic footwear and apparel at quarter end, those were up 8 and inventoriries for nike were 3. 5 billion which is up 6 from august same quarter last year. So some good numbers for nike. For right now well continue to dig into the report, liz. Liz we have Corrine Friedman of wedbush securities. She lives and breathes nike numbers. She is parsing the numbers. She will join us in 10 minutes. The stock is responding very nicely to the numbers in the aftermarket session but should you be buying or waiting. Corrine will come up in a few minutes. David were following nike and ask one more question of alan, you were caught in the middle of what you were saying about commodities, go ahead. I was talking about stocks. With the s p were finishing positive. What i saw yesterday which was very important even though the market was down for the fifth session in a row we saw the vix actually negative. That was showing a little bit the selling pressure was not as much as people thought. I think we get back to 1707. Then we could be off to the races. My target on s p was 80 point selloff in august. Were looking 1785 or 1790. Still a lot more upside in the s p. David alan, sandy, thank you both gang. Appreciate it. Liz bob nardelli, this is a name back to Living Legend in Corporate America having led both home depot and chrysler. Worked at fe for many years. He is here next in a fox business exclusive with a major idea on how retired ceos could be the answer to job creation in this country. Plus we will ask him about the ipo showdown at chrysler, energy independence. So much t talk about with bob nardelli. He is here and live. So much to talk about. David nike, can it just do it . After last quarter they beat earnings tremendously. The stock is up 3 afterhours. Now trading at 73. Well talk to a top analyst and talk about nikes future and whether it can sustain the extraordinarily high levels on the stock. Well be right back. 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 . Liz breaking news. The deal is done. Were talking about smithfield foods. The nations largest pork producer merging with schunk way, the chinese pork giant. They solidified this deal creating one of the Worlds Largest pork producers. Smithfield foods, sfd, moving slightly higher which was expected to be a deal that would indeed come to fruition. David china is one of the big reasons that nike has done so well. It is up with 11 afterhours. Doing extraordinarily well in china. Of course a lot of the newlyminted middle class in china are looking for those nike products. As a result their shares are up over 5 afterhours right now. After their earnings report. Liz lets dive a little more deeply into the numbers with wedbush Equities ResearchVice President corina. They have nice apparel numbers with footwear. What comes out in the report . This is high quality beat. Investors in the dow index fund will be thankful. Gross margin, unexpected they guided flat. Came in 120 basis points better. Expenses were down. We saw that there might be a little bit of upside there given the fact that theyre copying again some significant marketing expenses and didnt repeat those this year because of the olympics last year. Footwear is strong 8 driving a lost growth. One thing i would point out, i t