Melissa stocks seeing red. The dow plunging more than 200 points with a mixed bag of economic reports. Leading some to fear that Interest Rates may soon be on the rise. Investors also skiddish following a report that isis is plotting imminent attacks on subways here in the u. S. And in paris. Lets bring in todays panel. Fox business as own Charlie Gasparino. We have dan schaefer also from schaefer asset management. Todd schoenberger of jay striker asset management. Thanks to all three of you joining us. What do you think has the markets on edge today . I think it is Interest Rate fears. One of the fed governors, i forget which one, because of strong dollar. Melissa dudley, right. New york fed president. One of the governors or president of a branch of the fed. Melissa anyway. Because of the strong dollar, inflation will be subdued therefore the fed wont have to raise interest its. That sent the market up. People are looking at strong dollar news as potential for deflation. Where you might have to raise rates anyway. Melissa apple a drag. News out of russia. Dan . On technical basis it is clear that the Federal Reserve created this rally. Dallas fisher said it on marias show on friday morning. At this point the deflationary issue, which st. Louis fed wrote a report december 1st is the biggest concern. Interest rate on 2 year treasury in germany is negative. 05. The japanese 2year is. 05. Melissa todd is shaking his head. I came from wall street and our traders are scared to death what is taking place geopolitically. The threats with isis. Subway imminent attacks were hearing b that is really hitting. Melissa for those who dont know, iraq Prime Minister is saying on the sidelines of the u. N. Meeting going on here in the u. S. Right now, saying that there was an imminent attack. That they heard about. When asked by a reporter, has it been thwarted, the Prime Minister said no. Right. Melissa this is really has a lot of people on edge. The they are worrying about the iraq Prime Minister is saying. Charlie, i love what youre saying. Heres the thing. Im not saying it wont. Thank god we have a great new York City Police commissioner. We have the fbi here. Think about it. This market is so on edge because of Interest Rate policy. Get out of here. That a whisper from the iraq Prime Minister, iraq Prime Minister charlie, youre isolated, charlie. Youre isolating yourself. 6th and 48th youre completely isolated. Here is what is going on. Melissa let him speak. Let him speak. You are. Melissa todd, go ahead. I dont go down i dont go down to wall street where you and three people work . Ee man. Ba boom. You know it. Here is the thing, guys. We went through a brutal First Quarter this year. We have yet to see that 10 correction in the s p 500. Over the last five trading days, the s p is down 2 1 2 . This may be that selloff but still dont have the catalyst. Maybe . Maybe . Only thing that will make the catalyst happen is world war iii. Alternate violent conflict. And this is excuse to bring the market lower. These stocks are overinflated because of induced money by Federal Reserve, banks buying. Stocks in index it is about to come to and end. Charlie will let everybody know. I will say this okay. Youre right, im isolated from the three guys who still work there but i will say this, this market is on edge because it is artificially inflated. Looks for reasons to sell off. That is been going on all year, charlie. Melissa meanwhile u. S. Launching a new round of airstrikes against isis, this time targeting about a dozen Oil Refineries in syria. U. S. Department of defense official says the terrorist group makes roughly 2 million a day from refineries. I was waiting for them to do something this clever. Lets specifically target the money machine on isis. Theyre more well funded from any terrorist organization. So much comes from the fact they have taken over various Oil Installations in syria. 60 in iraq as well. These are modular Oil Refineries. They buy pieces. Put them together aboveground. They are temporary. But they can get struck and hit. This makes sense, yeah. Yeah. You have to question, one of the problems with the Obama Administration that they have complete lightweights in sort of key positions and why, when they do have good people melissa thats rough. When they do have good people you dont listen to them. Go from jack lew to other people that are smart. Let me tell you something, president obamas military advisors have been talking about striking these guys down for months and months. Melissa they went after the Oil Refineries. They went after a financial center, Digital Financial center. Is it too late . Melissa i dont know. We have to do something at some point. What do you guys think . Todd . Here is the thing. Enviable Business Model when geopolitical events take place. Oil prices go up. You know what happens with people control the oil, they see more money that comes in. I get it. We have to strike while we can and where we can and have to go after their financial centers, like kt mcfarland says, theyre making 2 million off of this theyre making money elsewhere. They have so many weapons they took over from iraqi army theyre making money on the black market anyhow. If they hit the supply they have nothing to sell. Nice if we found out who they are selling it too. Melissa oil is fungible. That is tough thing to do. In los angeles the city Council Backing a law that would establish a minimum hourly wage for 15. 37 for workers at large hotels f approved, it would be one of the nations highest minimum wages. For hotels with 125 guests or more. Which means big hotels raise the rack rate at their rooms and people go to smaller hotels, no. Or lay people off. Melissa or lay people off. Unionization of politics is what it is. The state delegating the amount, instead of negotiating between the unions and the hotels. Melissa picking winners and losers. Shows how naive people are. You will have higher wages which translates to higher costs. Melissa or fewer hours. If i pay you more i will not pay overtime. If you they do that right away, hotel will say, you know what . We wont do overtime. Do what they have to do and show the world what happens. Getting to the point where economics this are so against raising minimum wage particularly to these levels, if no one will believe you. You throw up your hand. Let it happen and watch unemployment rates go up in those cities. Right. Melissa shut the front door literally. Many auto lenders are shutting off a car if you miss a paint. Theyre installing a trip switch, an ignition cutoff, that they can activate remotely. If you pace your payment, your car doesnt start. How long does it take people to get it off the car . Arent there three guys in new jersey and dont you know them. Im sure there are three guys down on wall street. Wow. I cant help it. Melissa you want in the middle of this . Going with the story, this is the problem there are subprime loans in auto industry. Melissa again. Which are going to start to hit. I read the article and story. I feel bad for these people having cars shut off. They cant pay the bills. Economy melissa why do you feel sorry for people who bought cars they couldnt afford. They shouldnt have been lent the money. Just committed heresy at fox. I did . Melissa i dont know. Buyer beware. No. No it is not feeling sorry. It is facing the person who got into debt that they couldnt afford as the victim. Right. Melissa theyre not victim. They took on the debt. Im not saying theyre the victim. Im not saying theyre a victim. Melissa come on, charlie. I like oldfashioned way. Send charlies boys to get the car. Dont shut it off going doesnt highway. I feel sorry for Nicole Petallides on floor having to explain charlies actions here, talking about those three people. Ive been saying New York Stock Exchange is superfluous for years . Melissa are you ready jack ma the movie . A feature film is currently in development about the rags to riches story of the alibaba founder. I dont know. If they could make the facebook thing interesting, although i didnt see that. Facebook movie was pretty good. Listen, i like rags to riches story. He is that. A guy came up with something. Melissa did he kill anybody . How harrowing is it. Who did zuckerberg kill . How do you know the story is true . Coming out of china. Melissa how do you know anything in hollywood is true . That doesnt account for anything. Here we go. Melissa what is going on over here. Thank you, gentlemen. Very lively today. Familiar face edges back into the political limelight. Dust off the mitt romney gear because the run in 2016 is looking more likely by the minute. 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Charlie, what are you hearing. Lots of talk on wall street and elsewhere in circles, political circles preet bharara, the u. S. Attorney for the Southern District is one of the potential candidates. I will say this, if preet, if eric holder has a major say in this thing it will not be preet. It will be camilla harris. Melissa does he have a say . I dont know who has the president s ear on his replacement. He might. He and the president are very close. Theyre friend. What is kind of interesting is what the Business Community thinks about eric holder. I will give you a quote from none other than your friend jamie dimon. Who basically said dealing with the Justice Department under eric holder during all these settlement negotiations is this. Theyre relentless, just like the mafia. That is what wall street thinks of eric holder. Melissa wall street did not have a great time with eric holder. Jamie did not in negotiating 13 billion settlement. Marginally if wall street had its way, they would like preet. He is very centrist. Melissa very tough. Very ambitious. Will do whatever the president melissa that is key point. Byron i want to i but in on this. The got to be one of the things the president will be looking for, someone who will be wing man for him, someone to deaf fuse the problem and do a lot of what he wants. Is that a Fair Assessment . Absolutely. The president really wants an ally in the attorney generals office, there is no doubt about it. Because he often does some tough guy things the president really doesnt want to do. Remember holder has has had enormously contentious relationships with congress overfast furious, over the irs. He sued the state of air southern to enforce the federal governments right not to enforce immigration laws. On the other hand he has taken a very activist role in many things. Obviously his involvement in the whole affair in ferguson, missouri has been very, very highprofile. Acted in ways perhaps the president didnt want to get involved himself. He has been a very, very close ally for the president. Melissa political intrigue of a different kind. Speculation heating that up mitt romney will enter the 2016 president ial race. Following a bold prediction by romney backer Anthony Scaramucci here on money. I think governor romney would be running again. I could be talking my book because im so close to governor romney. I think the governor is probably the best bet for us. Melissa romney is still playing coy about a bid for the white house his wife ann left the door wide open while speaking to our own neil cavuto. You have the reagan example of third time was the charm for him. That it has been done before. And that would be appealing. Well, we will see, wont we, nee . Melissa hmmm, charlie and byron are back to discuss this one. Do you think there is a real chance romney would run . There is. It doesnt mean he will do it. It is not zero. I think a lot of republicans assumed since he lost, remember he ran in 2008 as well, didnt win the nomination. Got it in 2012. Lost the general election. I think most people thought that was it for him. As far as we can tell he is somewhat happen the way the gop has been field so far. What is field has been unfolding so far. A lot of his donors and supporters want him to are run and keeping their powder dry and not committing to other candidates until they hear affirmatively from mitt romney. What do you think catfight in the country club. Melissa catfight in the country club. I said that in the past. Melissa im not familiar. Mitt romney runs, jeb bush runs that is not going to happen. I think if jeb runs i dont think mitt romney will run. What is interesting here, romneys people goes out on fox news, i heard what he said to Chris Wallace the other day. Basically said im not running. But then his supporters talked to his advisors, hold your powder. Dont commit to jeb just yet. That is what we have going on. Interesting juxtaposition between the public romney and what is going on behind the scenes. Melissa byron, is that the catfight in the country club or hadnt you heard that phrase either . That is news to me. That is true romney doesnt want to run against jeb bush. He sees himself, if he were to enter at awe, coming into sort of rescue a gop field that really hasnt gotten itself together. Melissa gentlemen, thanks to both of you. Thank you. Melissa ebola sees it as one of the biggest threats to mankind right now. He is asking the world for help in stopping it in its tracks. Tech stocks powering way down. Apple a big loser. Latest in string of bad news for iphone maker. Do you have too much money or too much Charlie Gasparino . That is not possible. Hello. You can go ahead and put your bag right here. Have a nice flight. Music plays music plays traveling can feel like one big mystery. Youre never quite sure what is coming your way. 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Hitting three sectors, materials, industrials and energy. I heard a lot of news about russia. Pertaining to what they may do in retaliation of recent sanctions. You hear anything about that . The only thing you hear about russia, theyre getting playful shall we say with flight incursions over baltic states. Anybody that thought Vladmir Putin would take up his ball and go home because we slapped sanctions on him theyre fooling themselves. That is a story that has legs. Well keep eye on it. I think things pointed out earlier are buffeting the market. Weve broken through ski support levels. That is it. Well toss it back to you guys. Down 242 points. Melissa nicole, thank you very much. President obama back at United Nations urging a Global Response to the Ebola Outbreak that has now killed 2900 people. If ever there were a