business anchor tracy byrnes wrnls the goal is life is not to be on minimum wage forever. your goal is to do a great job and get promoted and move out of it. so this notion that we will keep raising it just to share the wealth because, well, we're almost socialists anyway at this point is ridiculous. >> wow, woe whoa, whoa, that's ferr fewing what she just said wochlt would have thought that the line between capitalism and communism in america is a double digit minimum wage. i have to say that bomb looks familiar. i think i've seen her expressing sympathy for low wage earners and the poor before. >> it's interesting whenever the rich want a tax cut somehow we can afford it but when we have to -- >> 250,000 is not rich. you lived in the city long enough to know that, it is not rich for a family of four sending kids to college. it actually is close to poverty. >> that's right, that's right, hey, she's right! she's right. if you want to earn tracy byrnes sympathy come back when are you making a quarter million dollars a year. then will you know what poverty is really all about. clearly tr

! she's right. if you want to earn tracy byrnes sympathy come back when are you making a quarter million dollars a year. then will you know what poverty is really all about. clearly tracy byrnes apple did not fall far from the tree. but that's not the point. look, look, look. i don't often like to dabble in service journalism. frankly i think it's beneath me. but i would like to do the fast food workers of america a favor right now. you see these faces next to me, all these people have been saying terrible things about you. so i want you to remember these faces. and if any of these people happen to come into your restaurant, i'm not say shall did -- i'm not saying you should give them the special sauce, i'm just saying i think it's pretty clear they deserve telephone. we'll be right back?ç?çwóóooo?oo dtwc >> welcome back. there has been disspiriting news of the intractable war in sir ya, the collapse of egyptian democracy and the decision to extend under the dome from a miniseries to a full-fledged series. they're under a dome. they're going to run out of supplies. they're under a do

. projectluna.com >> i'm tracy byrnes with your fox business brief. tyson foods will no longer accept cattle feed with a feed additive that improves weight gain. analysts say the decision could increase corn demand since many more fed may be needed t could mean less available beef and higher prices. tyson controls 26% of the u.s. beef market. >>> the labor department said 336,000 people filed for officers time unemployment benefits. the fewest workers have applied for unemployment benefits since november of 2007. >>> do . iowa, one top cities for businesses. annual risk ranks top 200 cities on factors including jobs, cost of doing business, cost of living. nebraska, utah, tennessee made the top five. latest from the fox business network giving you the power to prosper. adam: five years after the financial crisis, new regulations and charges continue to be thrown at the banks. what is the government's ultimate goal in terms of these so-called too big to fail institutions? fox business senior correspondent and author of "circle of friends," charlie gasparino, is here with the latest. so

dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ >> i'm tracy byrnes with the fox business brief. convicted ponzi-schemer bernie madoff willed trial in october 7th. new york judge refused to delay the fraud trial. defense attorneys objected to the wording of indictment alleging some defendants were told to commit fraud. >>> number of americans rye announcing their citizenship surge in the second quarter. this is according to irs listing. 1130 americans gave upset send ship. that is highest number recorded in a single quarter. irs crackdown on u.s. taxpayers living abroad cited as possible factor. >>> boeing and asiana airlines are being sued for negligence by three families over the deadly flight 214. two people died and 180 were injured when the july 6th flight crashed. that is latest from the fox business network, giving you the power to prosper. adam: so after the great recession hit the u.s. fewer young people were buying cars but as the economy began its sluggish revival, well, the youths are slowly making it back into the car market. fox car report ed

. coming up next. he will join tracy byrnes and myself the next hour of fox business. with the spark cash card from capital one... boris earns unlimited rewards for his small business. can i get the smith contract, ea? thank you. that's three new paper shreers. [ boris ] put 'em on my spark card. [ garth ] boris' small business earns 2% cash back on ery pchase every day. great business deserve unlimited rewards. read back the chicken's testimony, pleleas. "buk, buk, bukka!" male announcer ] get the spark business card from capital one and earn unlimited rewards. choose 2% cash back or double miles on every purchase every day. told you i'd get half. what's in your walle and this pk is the inside of your body. see, the special psyllm fiber in metamucil actually gels. and that gelling hes to lower some cholesterol. metacil. 3 amazing benefits in 1 super fiber. >> welcome back, i'm tracy byrnes. ashley: i'm ashley webster. still waiting for a stand out jobs report. today's ho-hum numbers failing to boost stocks but the dow still on track for its 6th straight winning week. >> july jobs versus

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today's retail sales will affect the fed's paper timing. she joins tracy byrnes and ashley webster next hour here on fox business. don't miss, "markets now." ] at his current pace, bob will retire when he's 153, which would be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found someone who gave him a fresh perspective on hisortfolio. and with some planning and effort, hopefully bob can retire at a more appropriate age. it's not rocket science. it's just common sense. from td ameritrade. it's just common sense. a quarter million tweeters is beare tweeting. d 900 million llars are changing hands online. that's why hp built a new kind of server. d 900 million llars are one that's 80% smaller. uses 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this&is gonna be big. hp moonshot. it's time to build better enterprise. together. [ villain ] well mr. baldwin... it appears our journey has come to a delightful end. then i better use the capital one purchase eraser to

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to keep it here on fox business. tracy byrnes and ashley webster will bring you complete coverage of fed minutes. you keep hearing, everyone on wall street says it is priced in. it will not be immediate. tracy: we'll see how the market reacts to the word taper. adam: sounds like something you have to take your dog to the vet and get medicine. adam: tapeer. >> we have all-star panel. former fed economist and steven ol'er in and above pavlick will help us break down the minutes. don't go anywhere. ashley and i will be right back. she loves a lot of the same things you do. it's what you love about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms obph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask your heart is healthy enough for sexual activity. do not take cialis if you take

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high after jeff hoff wrought about the cop in "barron's." he tells tracy byrnes and ashley webster why it could go higher. stay with us, folks. right now, 7 years of music is being streamed. a quarter million tweeters are tweeting. and 900 million dollars are changing hands online. that's why hp built a new kind of server. one that's 80% smaller. uses 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this&is gonna be big. hp moonshot. it's time to build a better enterprise. together. 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 miss out. that's why ally treats all their customers the same. whether you're the first or the millionth. if your bank doesn't think you're special anymore, you need an ally. ally bank. your money needs an ally. join us at projectluna.com tracy: welcome back. i'm tracy byrnes. ashley: i'm ashley webster. what's next for b

. we'll bring you that discussion live. tracy byrnes and ashley webster take us through the next hour on fox business on "markets now." you have to see it to believe it. mantra? trust your instincts to make the call. to treat my low testosterone, my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant and children should avoid contact where axiron is applied as unexpected signs puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and medications. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet or body swelling; enlarged or painful breasts; problems breathing while sleeping; and blood clots in the legs. common side effects include skin redness or irritation w

. i'm with scottrade. (announcer) scottrade. voted "best investment services company." ♪ >> i am tracy byrnes with your fox business brief. campbell's in talks with sales of its european business. japan's economy grew at a slower than expected 2.6% rate in the second quarter. pinnacle foods is announcing it will fight the wishbone salad dressing. they went public in march and is home to birdseye. that is the latest from the fox business network. giving you the power to prosper. ♪ cheryl: edward snowden is added again. the nation that just granted the fugitive asylum. the allegation was leaked to the guardian. the cyber threat to our water supply baiting hackers. joining me now is the author of that report. explain to me what you did here. you call these honeypots. these are fake water devices. primarily, the attackers were russia and china. it was not just based on one type of concepts. >> you broke it up into critical and noncritical. a critical threat is someone trying to disrupt the water. that would be the example of a critical threat. who is trying to do that? >> we were seeing

. [ male announcer ] how do you get your bounce? [ woman ] can't regret fresh. tracy: i am tracy byrnes with your fox business brief. criminal charges against two former jpmorgan traders. they are charged with conspiracy fraud and false firing. u.s. households are holding less that. it includes mortgages, credit cards and auto loans. prices were flat last month pointing to little inflationary pressure. prices came in unchanged from noon. they are expected to rise three tenths of a percent. that is the latest from the fox business network. giving you the power to prosper. ♪ and 900 million dollars are changing hands online. that's why hp built a new kindf server. one that's 80% smaller. uses 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this&is gonna be big. hp moonshot. it's time to build a better enterprise. together. cheryl: ager's vice interim president resigning. we are live in jerusalem with the very latest. the vice president there who took a large part, there were many more peaaeful ways to and it can this. ther

miss yesterday and we will be talking about that but otherwise tracy byrnes. tracy: every morning. see you tomorrow. dennis: ben bernanke and company have done a good job keeping on track. richard ville monday joins us now. if you were given the fed a report card you say actually they have done some pretty high marks in keeping the economy, housing, the banking sector and inflation back on track so i assume you are not buying the bearish arguments that fed capering killed this rally and saying the economy? >> no way. i love the armchair quarterbacks that have been criticizing ben bernanke over the years. got to justify this results they created. five years ago today we were sitting on the press of this of an economic collapse and and where are we today? we have economic growth. is a perk? it is a little slow. maybe 2% by the second half and hopefully 3% next year. we have low inflation, something people who were anti ben bernanke and company were screaming about, that the q e infinity would create hyperinflation, none of that happened. we have inflation that is extremely low, the banki

24 hours. zero heartburn. tracy: welcome back. i'm tracy byrnes. ashley: i'm ashley webster. breaking news. the nasdaq is about a release new information on what exactly happened during that "flash freeze" one week ago today. charlie gasparino will be along. we'll have the details in just moments. tracy: a massive football settlement. the nfl agreed to pay more than 3/4 of a billion dollars to settle concussion lawsuits that were filed by thousands of players. now a judge still has to approve it but we'll have the latest on that ahead. ashley: waiting for answers on syria. global markets are in flux as western leaders decide whether to launch military straiks. the heritage's foundation nile gardiner says the west needs to be very clear about its goals. he will be coming up. tracy: a warning about oil and gas companies about fallout from potential gas hikes. american petroleum institute chief jack girard says they would devastate the economy. he is our next guest ahead. ashley: let's take a look at these markets, despite uncertainty over syria, decent economic news helping to keep the

i are planning our... you scare me. and i like it. let's go what's in your wallet? >> i am tracy byrnes with your fox business brief. that estimate was for 332,000. numbers suggest a strengthening after a slight pullback in july. ford making its fusion sedan and the u.s. for the first time today. sales are up 13% through july. the economy grew faster in the second quarter. the second quarter was revised higher. it is up 1.7% in the prior reading. ♪ cheryl: a cheaper iphone in china. that is unsolicited advice. he believes it could increase foreign sales. joining me now is rob tenderly. >> low-cost product done right could be beneficial in china. products that are not supposed to be in a region that have made it their through the means. it would really damage apple's brand. it would be a very risky proposition. cheryl: having said that, he did make some fair comments in that same interview about the same fact that he would like to see a bigger screen. he wants to wear something on his wrist. we have been talking about a potential apple watch forever. what did you make of it? app

for change! dennis: welcome back, everybody. >> tracy byrnes, ashley webster the nasdaq is still down presumably of a technical glitch. sec and fbi have been notified of this we've been down since 12:14 today. we have team coverage. most important thing i heard, put limit orders on anything. ashley: a lot of confusion. one thing we heard time and again it is a slow day in august and thank goodness for that, that is happening at this stage. there again, what the heck is going on? let's go to cheryl casone with a look at the markets and reaction to what is going on. >> we continue, ashley and tracy, what you see on the screen. that is what happened with the intraday chart. i do want to show you a couple things on the fox business wizard. to give you more of an idea exactly what happened. hear is the intraday chart of the nasdaq. here is what we saw, 12:14 p.m. eastern time that is when all nasdaq traded stocks were halted. trading is fine at chicago cme, trading is fine at the new york stock exchange. but anything nasdaq related, more than 3200 stocks, all the stocks have been halt

fresh. tracy: welcome back. i'm tracy byrnes. ashley: i'm ashley webster. a sent taper is still on the table, for now. stocks deep in the red after a fed dove says, oh, yeah, the taper is coming and it is not the only thing pulling down the market right now. we'll have the very latest straight ahead. tracy: president obama visits the epicenter of housing boom and bust and calls for more reform from fanny and freddie. greg valliere tells us if it has any chance of passing congress. ashley: she is one of the first to say illinois could become well, the next detroit. alice ton frazier says bankruptcy in the land of lincoln could be much worse. she is ahead to give us all the grisly details. tracy: top of the hour. time for stocks. adam shapiro on the floor of the new york stock exchange. adam, market is down about 100 points. what is going on? >> you can blame it on tapering. we talked to mark newton. he said when we got the trade deficit numbers that were improved on wall street and that meant the fed will pull back and they don't like that. and comments from charles evans, federal reser

heartburn. tracy: we are still here. welcome back. i'm tracy byrnes. lori: and thrilled to be here i might add. i'm lori rothman. stocks on track for the steepest weekly decline in four months. so, you have probably lost some money this week but misery likes company, right? so we're here to put it in perspective a little bit for you of the russell investments chief strategist steven woods says this is a buying opportunity. find out where he is putting his money now. tracy: gold surging more than 4% this week despite rising prices. investors snapping up rare gold coins at the world's fair of money. who would have thought. we're there to look at some of the most expensive money in circulation. lori: speaking of expensive, we're taking you to the nation's premier auto show in california with they are showing off the newest models. tracy: look at that i love old cars, man. top of the hour. time for stocks. nicole petallides on the floor of the exchange. nicole, down 36. not terrible but we can't get back up, huh? >> no, it is pretty tough to do so and it has been aweek on wal. last frida

. ♪ tracy: good afternoon. and tracy byrnes. lori: i'm lori rothman. running and of excuses. the 10-year yield soaring to a new 2-year high, we're looking at a level of 284 right now. how to play it as the clocked ticked at the context down toward september. tracy: maybe we should just forget the data. the unbelievable sloppiness chinese zealand what it could really be saying about that nation's troubled economy. is that ally in oregon? a safe haven rally. lori: bill on track for the best week in a month. tracy: to science in egypt as the muslim brothers calls for a march of millions. 600 people dead. it will have a live report from the region. it is craziness, but top of the hour, time for stocks as we do every 15 minutes. we head down to the floor of the new york stock exchange. stocks inching lower. >> reporter: back-and-forth action, one thing is clear. this has been a very tough week on wall street. let's start off well we are seeing right now. the dow jones industrials are down about 21 points at the moment, not too far off lows of the day. about 20 points off lows of the day.

you get your bounce? [ woman ] time for change! tracy: welcome back, i'm tracy byrnes. ashley: i'm ashley webster. so long steve ballmer. investors cheering the microsoft chief's retirement plans. i'm sure that makes him feel great. will it end the lost decade for microsoft's stock? we'll look ahead. tracy: a ton of damage control for the nasdaq. they are embracing for the fallout from yesterday's three-hour freeze. fox senior business correspondent charlie gasparino has new details on this. ashley: ashley: housing shock. sales plunge as why one analyst tells us the sweet spot for housing may be over. tracy: top of the hour. time for stocks. nicole petallides on the floor of the new york stock exchange. i know you're watching microsoft shares, girl. >> i am indeed. they have been adding to the dow jones industrials by 15 positive dow points give or take. it is up over $2. that is a gain of 6.7%. this is a huge move for microsoft. this morning before the opening bell i was standing here quickly and said to me, steve balmer is stepping down. that is big news on wall street to have ob

, everybody, i'm ashley webster. tracy: i'm tracy byrnes. stocks trying to fight back to avoided the third down day in a week. the dow is down 55 points. top market strategist christopher zook will tell us what investors are paying too little attention to right now. ashley: warnings from the fallout of eliminating freddie mac and fannie mae. one person says it will make it harder for americans to get loans. tracy: why automakers went southbound to steer clear of u.s. unions and unions are showing up with so-called big promises. we'll look at that ahead. top. hour now, time for stocks, the dow is down i should say 52 points. adam shapiro on the floor of the exchange. hey, adam. >> hey, tracy. you know all three indices are down. dow is down 52 points. nasdaq is down. almost 14 points. for the dow and s&p this is now three days in a row they have been down and this is not good news for some investors. we heard a lot of people down here talking about a 4 to 8% correction but this would be the first time in almost two months we've seen this kind of a losing streak with the s&p. now let's

. at legalzoom.com we put the law on your side. tracy: i am tracy byrnes. dennis: dennis kneale. when good news is bad news the dow down again, better and employment numbers, jobless claims sparked more years on wall street the fed will stop speaking of the punch bowl. when ben bernanke and company will begin to taper. tracy: big business at the pta, tiger and phil, big favorites, what a win would add to their already big bank accounts and advertising deals. dennis: the son's magnetic force, once in a 11 year phenomenon that could cost business and big bucks and joe bastardeye is here with the dire warning. tracy: stocks every 15 minutes, nicole petallides on the floor of the exchange. >> hope everybody is doing well today. if you are pulling for some up arrows, you may or may not get your wish because this could be the fourth straight day of losses for the s&p and the doubt and if that was the case that would be the biggest losing streak of the year 2013. we have not seen that since december but that being said we have had some back-and-forth action, the dow is lower, the nasdaq and

build a better enterprise. together. tracy: i am tracy byrnes. and die voted to go on strike next week. management over pay and benefits. and it cost $1.5 billion in lost production. to resume taking a hit this year, and partly to blame after news of smog in beijing foreign tourists for the chinese capital fell by 15% in the first six months. turning to the no. 3 international travel destination in new york. and the credit card bills on time, the union says the rate of credit cards are two months late in the second quarter, zero.6%. and the lowest level in 20 years. that is the latest in a fox business network giving you the power to prosper. [ male announcer imagine this cute blob is metamucil. 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. >> you may be checking into a hotel but that may cost you more thanks to pillows, hotels, airlines, counting on extra fees. u.s. hotels, $2.1 billion, everything from valley parking and early checko

brokerage and investment compaes." >> i am tracy byrnes with your fox business brief. mortgage rates climbing, low by historical standards. according to freddie mac the rate on a 3-year loan is 4.39%. a full percentage point higher than in early may, jumping after the company announced an additional five hundred million stock repurchase. also declaring quarterly dividend of $0.40 a share, and sparkled as november 15th. downloading free mobile apps, more often than paid ones. 95% of the top 100 apps have one kind of privacy compromising behavior. the application also found there more likely to transmit private information than android. that is the latest from the fox business network giving you the power to prosper. cheryl: oil getting a big boost. coffee is not perking up too much, let's get to the trading pits of thisy. >> the oil market is picking up and all of a sudden good manufacturing data is bullish. a couple weeks ago got strong manufacturing data bearish because we were worried about papering but the fed saying they are more worried about a this inflation, what does that mea