And oil slipped 2. 18 in earnings after hours. Shares of Analog Devices fell more than 2 . Even tough the chip maker beat forecasts and tax Software Company intuit earnings met expectations with sales topped estimates. And ready to hit the road. Triple a predicts 34 million americans will travel this labor day weekend. The most since the recession. At the sound of the bell its larry shover of sfg alternatives here to talk about this choppy market. Good morning larry. It feels like we have hit very volatile days here. We have. Its summertime. We have a lack of liquidity, lack of attendance right now. Lets keep in mindwe have three housing numbers coming out. We have pmis, we have the fed speaking. So really the markets just looking for a new impetus to go one way or the other. Not to mention, these retailers reporting in really shake up the market as well. What do you well expect to hear from say target or lowes today on the heels of home depot yesterday . Lets keep in mind yesterday home depotthe bar was set very low given what happened with walmart. Right now the bar is low and i think target is going to beat expectations given that the bar is so low and Consumer Spending isnt as bad as what we thought it was even a couple weeks ago. Moving on now to the treasury market, what do you think is likely to happen there . Will we see as much volatility as we now see in stocks . Thats really hard to say. Lets keep in mind that since may, the 10 year has gone up 120 basis points and at the same period of time, the s p 500 has gone up 25 points. So, right now the treasury is finding a home. Its getting used to tapering, the expectations of tapering and at some point were going to find a home somewhere between 2 1 2 and 3 larry, thanks as always. Have a good one. Youre welcome. The plunge in indias currency has become a freefall. The rupee, in case youve forgotten from Slumdog Millionaire has lost 15 of its value against the dollar since may. Our cover story dives in and tries to catch up with the cause of it all. It now takes more than 63 rupees to match a us dollar. Three months ago, it was 53. Headlines ask will the slide continue . Its got some halfjoking that the currencys new symbol includes a slash across its throat. But it may also be the Global Impact of the Federal Reserve. Whats going on is the u. S. Since we are the largest economy, as we go, other countries often go. As the Federal Reserve bought bonds, keeping Interest Rates low in the us, a lot of investors took their money to the International Bond market. Instead of 2 interest on us treasuries, you could get 5 in indonesian bonds and 7 in indian bonds. Now that the Federal Reserve may taper its bond buying, it may take away some of the incentive that drove investors overseas in the first place. In the anticipation, traders are engaged in a selloff. now that the Interest Rates are picking up and the economy in the u. S. Is better, hot money looks for where it can get the best and safest return at the same time. There are other factors tugging at india. Indias trade with its largest trading partner, china has slowed as chinas economy has cooled from the doubledigit growth of only a few years ago and has built indias budget deficit. As far as us trade, india is the us 13th largest trading partner of goods, slightly ahead of taiwan. Us india trade represents 58 billion dollars worth of business. But its not enough to overcome the shortfall that led indias finance minister to ask the people of india to not buy goldbecause it is imported and paid for in dollars draining Indias Foreign Exchange reserves. For its part, indias government has raised shortterm Interest Rates, limited Indian Companies from overseas investment. Jp morgan chase is back in the headlines. This time the Justice Department is investigating whether the bank manipulated u. S. Energy markets. Jp morgan was accused earlier by the federal Energy Regulatory commission of manipulating Energy Markets in california and the midwest. The bank settled by paying 410 million dollars. Now the Justice Departments want a closer look according to the wall street journal. Jp morgan responds were working hard to address regulatory concerns. The bank is said to face at least 6 ongoing investigations. A Hedge Fund Manager who was once a star on wall street will be fined and banned from the securities industry. The sec says Philip Falcone will admit to wrongdoing,be banned from the industry for at least 5 years and his fund Harbinger Capital Partners will pay more than 18 million dollars. The original deal for 2 years and no admission of wrong doing was reportedly considered too lax by the new sec chairwoman Mary Jo White and others and was toughened up. A disturbing story out of london involves bank of america. The New York Times reports a 21 year old intern working at the banks london office. Died just one week away from completing his internship. Reports say Moritz Erhardt was an Exchange Student at the university of michigan was found unconsious by British Police last week. The bank called him a diligent intern with a promising future. Unconfirmed reports say he had epilepsy and pulled three all nighters just before he died. Forprofit educator, Career Education will pay tenanda quarter miilion dollars to settle a suit brought by new yorks attorney general. The company has been the target of a twoyear investigation and stood accused of inflating its success rate in placing graduates in jobs. 9. 2 million of the settlement will go to fivethousand former students. Career education is one of the largest forprofit college coprporations in the country. It operates more than 90campuses around the world. The number of teens working summer jobs dropped this season. According to Employment Trend watchers at challenger, gray and christmas. 1. 4 million young people between the ages of 16 and 19 landed jobs. Thats 3 fewer than last summer when it appeared job growth in the demographic would continue to climb. Instead, the economy slowed and retail sales slumped in may and june causing stores not to hire additional summer help. One thing students are increasingly learning how to not pay so much for textbooks. Text book prices have jumped more than 80 in the past 10 years and recent studies show those numbers may be a tipping point. 34 of students report downloading materials from unauthorized sources thats a jump of almost 15 in just 3 years. Professors also report selfpublishing or using free or lowercost webbased materials. I found a few teachers tried to be kind of accomodating by xeroing pages out of books, but if you didnt have a teacher that did that, you would have to go out of your way to do that. Sometimes i could see if someone else had it, but alot of the times, i ended up having to buy it and didnt end up using it that much. If i could use the old edition, i would see if any friends had it, but i would try amazon or chegt, anything to get it a little cheaper. Students told us they would often share a book or settle for an older edition to save money. On average they told us they spent upwards of 300 dollars per quarter on textbooks. The quick rise of home prices in nevada and arizona are being closely watched for potential bubble trouble. The states were hit hardest during the housing crisis. Bloomberg reports homes selling in las vegas for 499,000 were half that price just three months ago. In phoenix, home prices are up 21 compared to a year ago. Ken fears an economist at the National Association of realtors says the issue this time could be a case of phantom demand what we saw between 2003 and 2006 was a credit bubble. People buying who didnt necessarily or couldnt sustain those mortgages, so that was the source of phantom demand. Now the concern is are the investors creating phantom demand . And will they, in the next 3 to 5 years, start selling . Nationwide, home prices rose 12 compared to last year. The housing recovery helped home depot pound out one of its most profitable quarters. The Home Improvement chain reported earnings and outlook that topped wall streets view of the ongoing surge in home sales. Despite nailing its Earnings Report the stock fell best buy also topped estimates the stock soared 13 jcp reported another big loss but it was not as bad as investors had feared. That stock ralliedclosing a penny above 14dollars. The chairman of book seller barnes and noble is withdrawing his plan to buy the chain. Leonard riggio first mentioned plans to acquire the chains 675 stores back in february. This latest move calls into question the future of the book store chain on the heels of dismal earnings and ending production of its own nook tablet. Overstockdotcom tweaks its plan to compete headtohead with amazon. Last month the struggling online discounter announced that it would sell books at least 10 cheaper than amazondotcoms prices. However, overstock has since altered that offer and will instead, match amazons book prices permanently. Regulators are sniffing out investment scams now that medical marijuana is legal in nearly 20 states. The Financial Industry Regulatory Authority better known as finra says potential investors are being pitched by fax, email text,tweets and infomercials. Finra warns investors are promised they can double their money with shares of stocks tied to medical marijuana which may turn in to pump and dump scams. A free way to check if an investment is legit is by going to this website at finra. Org to search for broker information and background. Consider it a highend trend. The notipping policy is popping up more and more at posh restaurants. Such as michelinrated alinea in chicago. The restaurant banned tipping in exchange for a service charge, which is then splitup amongst the entire staff. The policy may be more accepted at a restaurant where waiters are pulling six figure salaries. However, not everyone in the Service Industry is jumping quickly aboard the notip train. Anthony citriglia is a bartender. Being a server or a bartender you are a very personable person, and if you make a table feel great, theyre probably going to give me more money than what i think my employer would give me, a flat rate, off of every single table. With hourly pay that hover near minimum wage, citrigila says he relies on tipsoften more than 20 of a diners bill to make a living. Alineas owner tells us the notipping policy is a legal issue enabling chefs and servers may be considered professionals by the u. S. Government. Still to come weighing in on what the plan to create a mega airline will mean for frequent flyers holding air miles. Plus. Why Home Building stocks are catching a second wind. Also, see if you can guess who is the wealthiest congressmen on capitol hill. The answer after the break. The annual list of the wealthiest lawmakers on capitol hill is out. And California Republican representative darrell issa tops the list by the hill newspaper. Issa made his money with the viper car Security System earning around 355 million dollars,last year. Representative Michael Mccaul of texas is noted to have a net worth of at 101 million. On the senate side democrat mark warner of virginia has a portfolio worth 88million dollars. Massachusetts senator Elizabeth Warren is reportedly worth 3. 9 million. Signing up for your companys 401k plan is a quick way to build up your own portfolio. But a new survey Shows Americans are feeling confused and overwhelmed by the process. We have dave gray head of the 401k Client Experience at Charles Schwab on the line with us this morning. Good morning. Why are americans feeling so much angst about their 401k accounts . I can understand that because if you are uncertain as to how to invest and yet you know that this is your largest or primary source of Retirement Income it certainly makes sense that it would cause some stress. One of the key things we found in a survey is that americans are really accepting responsibility for their retirement future but the key item here as well is that theyre uncertain how to make the most of it. Retirement plans are often more confusing to individuals than health care benefits. And i think what that comes down to is that folks really just need help in their 401k to invest better. What are some of the best way for workers to maximize money savings through 401k . I think theres really a couple key things to maximize your 401k. The first thing is save and save more. Essentialy you want to make sure that youre saving at least up to whatever the employer matches in your retirement plan. You dont want to leave any money on the table. Take advantage of that employer match. Another good thing to do in savings is every year increase your savings by 1 . A great time to do that is when you get a cost of living adjustment from your employer. It makes it such that you dont really miss that additional savings. And then the other key idea for maximizing your 401k is take advantage of that professional advice. Have a professional determine your Asset Allocation for you and manage your retirement account on your behalf. We find that when individuals utilize professional advice, their investing confidence actually doubles than when theyre on their own. While it can be good to speak with a professional shouldnt investors also consider their own ideas about investing . I think a great professional advice approach really involves the individual providing input to the professional advisor about their own retirement goalstheir expectations of how they want to live in retirement and their ability to save at this point in their life. It really is a cooperative effort and i think that is one of the best ways for an individual to really own their retirement future. Thank you for talking with us this morning. That was dave gray of Charles Schwab. Kodaks plan for emerging from bankruptcy has been approved by a federal judge. The iconic photo companys plan means it will emerge as a new company with a different focus commercial and packaging printing. A kodak attorney told the court that the company is now very different from the one in introduced generations to home movies, snapshotsand also filed for bankruptcy protection last year. Coming up. Help around the trader plays that could build up your portfolio. Thats later. But first. Is there an Expiration Date on your frequent flyer miles if american and us air merge . The answer, is coming up next. The merger of American Airlines and us air is causing a scare among frequent fliers. Joining us now is Chris Lopinto of expert flyer. Good morning. Is it true that american gets top marks for its frequent Flier Program . Good morning. Great to be here. Yes, thats true. The american Advantage Program is not only one of the oldest but the most favorative among frequent fliers. What happens if this deal goes through . This merger happens . Is there any chance that fliers will lose some of their mileage . Well, no they definitely wont lose any of their mileage. What will happen is that if the merger goes through the miles will be retained and if someone has an account with both us airways and american theyll be combined into one account. What may happen however, which happens over time in general, is that the miles that are retained are worth less and you may be able to do less with them depending upon what happens post merger. How should passengers prepare . Is there any way to prepare . The advice that we generally giveand this holds true whether there is a merger or notis dont wait. Use your miles now. What happens is that over time there is mile inflation where Airlines Give out tons and tons of miles. Especially through credit card purchases. So theres a lot of miles out theremore miles than ever. Chasing fewer frequent flier seats than ever so you have this inflation effect. So our advice is always to use your miles now when you candont wait. Because its going to get harder over time and theres going to be especially if theres merger consolidationless frequent flier seats over time. Thats what generally happens. At the of the day, is this merger good or bad if youre holding frequent flier miles . Or not even holding mileage . I guess it depends on which program youre coming from and what your point of view is. It may be good for travelers in the sense that now theyll have more routes and more flights in order to redeem their miles on. But youre also competing against more people who are a part of the other program competing for those routes so there are two ways of looking at it. The other thing to consider is us air Miles Program and the it. The other thing to consider is us air Miles Program and the american Advantage Program im going to pass chemistry, and ill take it from there. Im going to do what makes me happy. Im going to work hard. Be independent. Live large. Make the most of every opportunity. I knew i wanted to go to college. But figuring out how to pay for it . I didnt have a clue. The u. S. Department of education has over 100 billion. And thats a lot of money. To help students pay for college. And the free application . You mean the fafsa. I did it online. It was easy. Im never giving up on my goals. I will make a difference. Im going to find out how to pay for college. Im going to college. Gov. Tim biggam of trading block joins us now for chart talk. Good morning tim. And the retailers have been giving investors big clues as to whats going on in the home sector. What do you see in Toll Brothers which reports earnings today . Weve seen Toll Brothers come way off the highs. Almost 20 or so. Actually underperforming Housing Stock s whichcertainly have gotten hit here once that tapering talk came on but right around that 30 level it bounces off twice back in june and november. Looking for the bounce again here so i kind of like the valuation down around these levels. That 31 level seems to be an attractive level to get long in. This has been a traders play and heres the reason why we had a big buildup on some of these homebuilding stocks and then it was too late to get in. Eventually they did come back down though. So is this the second wave . Absolutely and i think it highlights that patience does pay off and chasing never seems to work out too well so certainly down and around these levels i look for the stock to head back up around that mid 35 leveltapering more than factored in in my opinion. I dont think Interest Rates are going to sky high from here and toll being at the upper end is certainly the most immune to an increase in Interest Rates as well. What other stocks in the homebuilding or housing sector do you like tim . I kind of like dh horton around these levels here. Certainly that has kind of a more mid tier kind of exopsure. I would avoid some of the lower end names. But overall i think housing given the fact that its been a really big underperformer here is kinda looking attractive to me as a value guy. Thank you as always. Thats tim biggam of tradingblock. Have a good trading day tim. Thank you angie. Weve come to the end of the show for today coming up tomorrow in movies and money the budget back story on the butler and how it could effect all of hollywood. From all of us at first business. Have a great day and thank you for watching. Now, a paid presentation for the amazing new sheer cover studio mineral makeup, giving you radiant, flawlesslooking skin in seconds. Hosted by brooke burkecharvet, with special appearances by stars of csi miami, scrubs and hall pass, the young and the restless, and the bachelorette. Brought to you by guthy renker. Imagine if you could make any flaw on your skin instantly disappear. What if you could have that beautiful, airbrushed glow that the celebrities have . And what if you could do it all in seconds, with just the touch of a brush . Soun