Liz good afternoon, everybody. It is the last hour of trading. Strap yourself in for major market moves. The hedge fund is closed. This is a division that was launched back in 2010, in financials and corporate giants. The closing was planned before the federal investigation into alleged Insider Trading heated up july. We understand there are about nine employees in this division. No word on what happens next year. Ben bernanke asking for more time after being told by a judge he has appeared on the asked when it comes to this aig case. The fed chief wants to delay his friday deposition in the aig versus government lawsuit. That case stems from a loss against the government by former aig had hank greenberg. It has not been set, but he will be granted more time. And were talking about a major, possibly historic announcement from tesla creator and founder. It would be about futuristic travel. That is ahead of the big reveal, shares have been full and 0. 60 after an article suggested double trouble for the stock and also detailed longerterm troubles. But year to date this stock has been on a huge run. 326 , just year to date. It was months and months ago our own Charles Payne said it was a buy at 55. Have to listen to Charles Payne. Down 34 . Over the weekend, the board met with the hedge fund integer who last week mary loudly demanded the ouster of the retailer interim ceo, jcpenney of course, and not going down without a fight, both sides fighting hard but others watching with maybe a little bit of a twitter smile as their nemesis smiles. Adam. Adam can the sharks are little bit of blood in the water on this one . Calling for him to be replaced. We know how well that worked out. It is up slightly today, but this is a company with real problems. They have 1. 5 billion in cash. The ceo of starbucks, who you have interviewed several times said it is despicable. Trying to get him out, trying to recreate jcpenney once again, a company that they said was not broken. It is clearly now broken. Really quick, have to throw something at you. They broke off, they hit a new all time high today. There is life after tv. All doing well. But jcpenney may be up today, but it is not so good for them. Liz amen to that. The annual low of jcpenney, 12. 34, close to that day. You know about twitter, another Hedge Fund Manager who has been somewhat of a nemesis. Saying dont interrupt an enemy while he is killing himself. One of the traders i was talking to said there are plenty of people out there who want to give him a one finger salute. Liz and let me just say on the other side he is annoying, but isnt a board supposed to be looking at what is going to turn a company around versus we are all best buddies. That has been the biggest problem, they are too friendly with each other. Adam they have gone on, you have heard them say what were they offering in the old version even with sales andddiscounts you could not get it. If they can pull themselves out of this, look at the cash off to the side. Liz this is a tough one. Who is going there . Adam, thank you, excellent energy, great real field from the floor, the market overall, the dow and s p 500 trading lower for the fifth time in six sessions, the nasdaq holding on slightly bearded but may go to the cme. Looking at this monday, which i began by saying usually we see a very sleepy second, third week in august. Not so today. People should be talking about the transports, should they not . They have showed some stress fractures. We have seen some kind of a boost up there. The market overall, down five out of six sessions. August tends to be a sleepy time. So we will fail if we push back up to 1700 level. 1680 is that key level support. Theyre worried about the fed possibly doing some kind of tapering so i would be surprised about the gold rally if that does occur. Liz 27 to the outside, this is the u. S. Dollar slightly stronger. Give us a sense what is happening with gold, are the bears getting tired and trading their positions . I think you had a pull back down commonly held with good support level and now you are seeing the buyers coming slowly, they are just not there. In spite of the fact that dollar was moving against gold today. Liz i dont see you. Jcpenney, big deal, i dont think it really matters, what stocks are you looking at them to do . We are at the calm before the storm right now. A lot of pressure on the market coming to today, investors are still not waiting for another reason to sell off the market. Liz look at this reaction, 21 points. You and i have talked about this before. It is not much of a reason. It has every reason to sell off. Retail sales coming out tomorrow, that sector has been hot, whats now the forecast moving forward, particularly continue to look at that sector there. The negative earnings we got last week in that area. Liz no point in the media being negative about stuff, to cause it has doubled since 2008. Heavily negative during many points between 2008 and now. What makes you think soon may be the time we will get a correction. They have not seen a boost, their jobs have not seen raises. If we track the 16. 80 level, we could open ourselves up to a moe down to the 15 day moving average. Liz lets mark that at the nasdaq. Great to see all of you, thank you very much for joining us. We have one name that is skyrocketing by 11 plus percent today, and that is blackberry. Exploring all kinds of things like strategic alternatives, but could this mean an outright sale, a breakup, a potential breakthrough, and what are the companys options . Liz macdonald working the smart phones. We are hearing so much feedback from wall street analysts basically handicapping the odds, can they do a leveraged buyout, they would take the company private, or do you break it up and do you sell it . The odds are blackberry could be broken up, it is way too high losing too many subscribers by the quarter. Basically government customers are turning away from blackberry and that is scaring a lot of people about what the options are. They have swapped out library and moving to apple products. We are seeing at the u. S. Navy moving away from blackberry to samsung did they have the most secure data network in the wor world, it has been known to be the most secure Information Network but for them to lose government customers is a big deal. The other talk, the fact whether or not the Balance Sheets can handle a leveraged buyout, they say they cannot handle a leveraged buyout. The enterprise value adding to market value means the trend between five to 6 billion. 2. 3 billion, 2. 4 billion when you add in the debt and the cash on the balance sheet. The word were hearing is basically the chairman of the special committee, he is the guy to watch, running the special committee on the future of blackberry if they go private or set up joint ventures to break themselves up. He used to be at goldman sachs, and he came out of the private equity crowd. He has a lot of connections. He is the guy to watch to see if he is going to break up library where they sell the patents to interested buyers, they leverae off of the government, and if they can get anything from the hardware, that is a problem because the problem with library is you cannot check to do emails to other systems. They may not be such a great thing for blackberry right now. Liz lets make one thing clear, the fbi is moving to samsung . That is what we are hearing. Tsa is moving to apple products away from blackberry. The key thing about blackberry are the government customers worldwide. You have to keep the government customers inhouse if they feel like it is not viable for them, they will think we have to start thinking about other apple or samsung or other providers. Liz sticking with the little guy. There are few of us. The closing bell ringing and 47 minutes from Science Fiction to science fact. It could get a lot closer to reality this afternoon. It is already working on this breakthrough technology. And were talking to s saic capital, billionaire founder under siege as increase the pressure on the firm and the Insider Trading probe. All of them withdraw the remaining cash. One investor who has got money in the firm at least he did the last time we talked to him. We will ask him live, find out whatever reasons yes or no. Shes still the one for you you know it even after all these years. 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Ahead of his big announcement, we will have everything right here, live and exclusive speaking at one of the leading Companies Working on this breakthrough technology. It is unbelievable and youre the only reporter there from any business network. Go for it. Thank you. We are seated in what could be the way you travel within a year or even 10 years. We are sitting on this bench. This is the tube you could actually travel in. How many people, how fast and how efficient is this Technology Going to be . Four, five, or six people. Most of the network will travel at speeds 300600 miles per hour. If everything is built to the same standards everywhere in the world, they can be networked together getting from new york to beijing in two hours for the cost of flying. A global backbone to connect the whole world. It is a private company. 270 companies in 20 countries, one of your main cooperators is china. Tell me about that relationship. They are collaborating with us. We invented by professor long one of the key technologies. We have an excellent relationship with the chinese, over two dozen licensees in china. Where are you planning to be, and how far along are you expected to be . One of the key elements necessary i statewide basis. This built close to an amusement park, for instance, some in texas, one in canada. It can recover its investment in less than a year. Very quickly, a chance answer the question, but you just met with elon musk several days ago, what can you tell us about the announcement later today. To wait. Liz i am terribly claustrophobic. I dont have a lot of phobias, but that is one of them, being in an enclosed space. Taken to affect the psychological aspect of this. Shes wondering what it would be like to travel in this, what might feel like for somebody who usually travel trains, planes, automobiles. Right . Most people travel in cars, this is a car like vehicle. Why make a vehicle any other size. Most people would pay extra to take a taxi instead of a cab. I mean instead of a bus. This would be a bus like fair, but a taxi like ride. Fascinating stuff. Thank you for coming to the fox business network. We are excited to work with you in the future. We will go to china, so we will see you. Liz let me just say if he can get me from new york to l. A. In 45 minutes for lunch with my mom, i will be his first customer. We are going to bring you the breaking news on the announcement at 4 30 p. M. Eastern time as soon as the details become available, we are on it. Anybody who says this will never work, thats what people said to elon musk about his space x rocket and his dragonpad years ago, fox business with on that one back in 2007 and 08. So stay tuned, the future is now. Regulators turning up the heat on jpmorgan again. This time over the firms massive london whale again. Possible arrest looming. Will they lose fait face the bag giant . Is this a scratch . We will have a very interesting discussion about this with top Banking Experts. And speaking of legal troubles, saic Capital Hedge Fund bracing for a mass exodus of investors. Forget about employees. Talking to a money manager, the last time we had him on he said he was keeping his mind with the firm. Is he staying on that path or is he getting ready to pull out . We will ask him live. My 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 wen or anyonyounger than 18 or men with prostate or breast cancer. Women, especially those who are or who may become pregna and children should avoid contact where axiron is applied as unexpected signs ofpuben or changes in body hair or increased acne in women may occur. Report these symptoms to your doctor. 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Wanna play dodge rock . Oh, you guys and with double miles you can actuay use, you never miss the fun. Eard growing contest and go win whats in your wallet . Liz embattled hedge fund saic capital, i would say so, certainly politically and when it comes to all kinds of regulations, it is a real problem. Pulling virtually all of what remains of their money from the firm. Now discussing ways to streamline the company according to the wall street journal. We had a money manager who is now display the criminal annexations and charges still invested in sac. Is he ready to pull out or does he have faith in the firm . Thank you for coming back on. About a week and a half ago we asked you are you going to keep your money in or pull it out question the mac . Has anything changed . None of the facts have changed, right now i am an investor. One of those events happening is a lot of fund of funds requiring, lawyers telling them you have to take your money out so there arent bylaws. It does not surprise me a lot of money is pulling out. Liz what are your lawyers telling you . Stop talking about it, but here i am. The truth is when in the world has an allegation meant someone was guilty of something. This world has turned upside down. Anybody in the business, ive talked to a lot of people in the street, these allegations if you understand the business some people are wondering what are they being charged with . Some of these charges are a little flimsy. You have to get a little bit more to this than what we are reading right now. Liz im absolutely with you. Lawenforcement agencies have this massive vendetta, however more than half of sac have pleaded guilty. Are you not hearing from your investors . How much at sac capital . And could you get out of that position, please. Lot of the clients are saying why are we there, what are we doing. I expect people to do same thing with me. Lets not just look at frederick and headlines, lets read a little deeper. Try to get down to the facts, Stephen Cohen is a great Hedge Fund Manager. They want to move from one to another, i will do that. Liz have you talked to him or anybody else inside sac the last couple of days or weeks . I am really irrelevant. I am not a player in this world at all. I feel like will smith where he is home alone, everybody else has died off and a part of me sits there and continues to think what in the world, why would i want to get out based on those allegations . Liz the fed may clawback everything. That will not happen. There are not going to be any clawbacks. I am not a lawyer. I am not saying i know all the details, it if they did, if id left they would come back after because you pull your money out does not mean you are clawing back money. I think it is unbelievable how the reputation of this man, how it has been destroyed over these allegations and everybody assumes he is a crook because i have not seen it yet. Liz listen, thank you. He owes you a picasso at some point for sticking by him, i can tell you that. Nothing at all. Liz we all pulled their money, you stayed in. Keep us posted, thank you very much. We are 20th minutes away from the closing bell. The fed turning up the heat in the london whale scandal, kind of in the rearview mirror. Is it not . Can the banking giant ceo gets stabilized in this fallout . We game out the likely scenarios with two top financial heads and radioshack getting an unlikely boost from the highstakes battle between Time Warner Cable and cbs from tv viewers who want to go back to the future. Explain why some very old Tv Technology is now a very hot commodity. If youve got it, you know how hard it can be to breathe and man, you know how that feels. Copd includes emphysema and chronic bronchitis. Spiriva a oncedaily inhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours. You know, spiriva helps me breathe easier. 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Centurylink® your link to whats next. Liz Time Warner Cable and cbs are still deadlocked in their dispute over fees and because of that 3 million cable subscribers have been deprived of their favorite cbs shows including 60 minutes. While the two to be giant slug it out, fox business is always looking for the trade. An unlikely beneficiary has emerged, radioshack reportedly selling out of its rabbit ears and tennis desperate for some cbs programming many time warner programs, it is about a tenth of a pound, it is so light, 15, Time Warner Cable subscribers are snatching these things up, radioshack classic tv antennas, hooking them up to their flat screens. We bought this device, we got it in midtown at radioshack, as of last night they only had two units left in the store. Shares of radioshack have been troubled, traded up roughly 5 since the blackout began but before you rush to grab your rabbit ears you may want to try this other track now. Radioshack is mad, but with certain cable providers in some areas you can pull the wire out of your cable box and plug the cable wired directly into your tv and you can see the basic cable channels but 14. 99, this is what it looks like made by radioshack. Support radioshack. Federal authorities investigating jpmorgan london whale trading scandal so this is no laughing matter. Considering arresting two former jpmorgan employees in london. What could this mean for u. S. Investors in the future of the bank. We are joined partners managing director joining us from them this, tennessee. And Investment Services executive Vice PresidentBanking Expert as well joining us in the studio. Should investors be concerned . We care about investors here. It is a widely held stocks. Is this latest potential move going to be damaging to the stock . We dont think so. Actually we believe the stock price reflects in the valuation. A lot of the overhang issues jpmorgan has been dealing with this pushing their stock price down, get the earnings recovery, 50 above the last peak, but only 20 above. If you look at the return on common equity compared to the cost of equity, generating five Percentage Points over the cost of equity on the trading 40 premium to tangible value. We think bit closer to 5 . Lot of which are getting in the news is in the stock today. I dont think there is anything new here. Think how strange the situation is. On the one hand attorney general eric holder says we wont trust due to the big banks, but on the other hand will prosecute a couple of traders criminally for not marking their book correctly. Liz lets just say he was of course the supervisor of the guy who pulled off the london whale thing, and it junior trader, this is a year later . For investors the key thing to be focused on with all of these big banks is what is happening to the Business Model because of housing, just about everybody who is credible is telling them volumes in the Mortgage Market are going to fall between now and the end of the year, so you have guidance out 40 down. That is more important thing for investors to focus on, not the slice from washington. Liz the stock has done relatively well yearoveryear. Charlie gasparino has been working on a lot of stories on fox business writing about the facts jamie dimon did who is revered and made it through the other battle to split the chairman job versus the ceo, what do you think about whether this somewhat shakes the foundation in d. C. And stabilizes it or not. He has fought his battles and has come out the ther end. What were dealing with now are the regulators are looking for ways to correct behavior so they are trying to take the wall street Money Center Banks that used to get under pressure, kind of put this back into the marketplace and now try to make some kind of stay within the boundaries. This is the first post financial crisis issue we have seen kind of evolved and they will take it to the fullest extent to make sure the regulatory tone at the top is recommended and still aware of at each of these. Totally agree with my colleagues. The way they handle this situation, and they had promptly got it it out not had jamie dimon tobacconist members of the media, this oregon to the disclosure an that would have bn it. Regulators are making examples. Liz this does not appear to be over. They found the time, inclination, the evidence. Really the bottom line is this is a lot of posturing in washington, politicians who have not done anything for five years looking relevant all of a sudden, look at the lawsuits against a comerica on the mortgage side. Liz are our investment viewers putting the stock over this particular issue . Definitely believe that like we said we think it is undervalued given the returns currently creating, kind of wade through and wait out the overhang issues that will subside. This is a lot of noise. Liz good to see both of you. Executive vp, and over at guggenheim partners. Down south, great to see both of you. Thank you so much. The closing bell ringing in 15 minutes. Just because it is cheap does not mean it is worth buying. 40 billion in assets under management breaking down the three tablets as the market has already jumped 18. 4 in the s p. How to pick stocks giving your portfolio the boost it needs matter what is on the horizon. Stay tuned. When we made our commitment to the gulf, bp had two big goals help the gulf recover and learn from what happened so we could be a better, safer energy company. I can tell you safety is at the heart of everything we do. Weve added cuttingedge technology, like a new deepwater well cap and a stateoftheart monitoring center, whe experts watch over all drilling activity tweyfourseven and were sharing what weve learned, so we can all produce energy more safely. Our commment has never been stronger. Liz the dow was struggling to try to stay positive and at the moment of just about five points, up, down, all around. The s p 500 up about 18 so far this year, some investors are wondering if we have finally reached the peak of 40 billion fund manager. There are gems out there either way. Portfolio manager joining us now to break down the fundamentals of smart investing. Okay, and you have a theory about this, that is simply they make them here, they sell them there. Tell us about that. Everybody talks about the emerging market, the global businesses, plenty of great businesses in the United States exporting services abroad. The aerospace industry, both of those major exporters, growing exporters so we want to buy companies in the u. S. That we can understand and go visit who are exploring elsewhere. Liz some of the widely held names you have in there, as we talk about beer, for example, phone perfectly into our performer of they make it here, sell it overseas. Some of the largest positions in your fund, but overall your strategy for investing right now knowing we had the runup that we had, what do you do . Theres no question after the run we have had each individual stock is much lower than it was six months to a year ago. We have to look for catalyst events that will drive stock prices higher. One of our favorite catalysts has been engineering, special dividends, share repurchases. We have a lot of names to put down on the portfolio. Liz people look for that, but before we get to those names will be see another paper tantrum . We know the fe has said maybe we might start to taper the bond buying program. Does that change your program at all . Rising rates are bad for all risk assets. Everything is not always equal. As chairman bernanke pointed out we should be happy if he raises rates, but it is not always in sync so they will be volatility as a market tries to find its way to high rates but ultimately we will be okay. Liz lees get to names, one of the worlds largest, a spinoff of tyco which is a huge congratulate into alarm systems. This is part of your Financial Engineering . It was a spinoff. It is finally free on its own, with the largest Alarm Company in the u. S. 20 of american households take alarm service. What has changed is technology. The jetsons are here, you can control your lights, or hvac, unlocked doors, watch video with your alarm system and 80p has a product that they have more money per month for, higher returns. They will try to grow the market, the stock is cheap. Liz news corporation. You are familiar with that one. The parent of this network, everything went into new news corp. The stock at 16, shared cache, 11, 12 of assets and for free on top of that you get the wall street journal. Liz would you also get other newspapers that are struggling. Uk newspaper. Liz are you worried about him sticking around . We would love for him to stick around. I think they can do something clever. If you around with the fox broadcast network, would have made a lot of money. Liz a satellite play, they are not very many of these. There are four of them. There are the four big ones. Liz i remember those guys. Great to see you. We will put his picks on facebook. Com lizclaman and make sure to check them out, they are all very interesting names. His fund is outpacing the s p on year to date and year over year. Congratulations, great to have you. The closing bell ringing in five minutes. One name hitting a 52week high, this ahead of the Earnings Report later this week, you have got to hear this one as we struggle to hit the flat line. Stay tuned. [ male announr ] how do you get your bounce . With the bounce dryer bar, my clothes will be fresh outf the drawer for weeks. And it great when things last a long tim. Well. Most things. [ male announcer ] how do you get your bounce . [ woman ] canregret fresh. You are gonna need a wingman. And with my cash back, you are money. Forget him. My Airline Miles will take your game worldwide. What im really looking for is i got two words for you rewards. Theres got to be better cards than this. [ male announcer ] theres a better way with creditcards. Com. Mpare hundreds of cards from all the major banks to find the one thats right for you. Its simple. Search, compare, and apply at creditcards. Com. First rounds on me. [ babies crying ] surprise your house was built on an ancient burial ground. [ ghosts moaning ] surprise your car needs a new transmission. [ coyote howls ] how about no more surprises . Now you can get all the online Trading Tools you need without any surprise fees. Its not rocket science. Its just common sense. From td ameritrade. Liz stocks alert. Were looking at cisco. Is up more than a and the leader on the dow jones industrials. Want to let you know. Earnings on wednesday. Stay tuned. Well have them. Lets bring in ashley webster. Great to be here. Markets essentially flat. During this hour well look at future of transportation as according to elon musk. Socalled. Get in a pod. New york to l. A. , about 40 minutes that would be great for you. See the family. Liz in two seconds lets go to adam shapiro at new york stock exchange. They are on fire for blackberry. The a one point in 2009, 50 of the smartphone market. Today, 3 . They have to do something drastic. Selling off bits of the business or merge with someone taking over, that is where theyre going. Ashley adam, gold mining stocks finally getting a boost today. Especially when you look at newmont. They led the s p up 4. 6 . Yeartodate theyre down. Chinese gold demand up over 22 from the First Quarter to the second quarter. A whole bunch of them are up today. Liz etfs saw inflows with gold which is unusual since june. Lets get to 3d printer makers. We profiled self top ones. They continue to rally. Look at stratasys. Theyre up 8. 4 today. Last week ups announce ad bii experiment with stratasys 3d printers. They will put them in ups stores remember andreessen, he said future is 3d printing. You will go to the store. Print whatever you want. [closing bell ringing] liz youve been all over the ups store. You will look at that partnership. The bells clang on wall street, we have half green, half red as we look to see how stocks are finishing up. Dow jones industrials, things are still settling. Cant quite make a go of it. Just a minute ago we were straddling the flat line. In and out of green. You see the nasdaq, and russell 2,000 moving slightly higher. And you percentage. Lets look at top headlines. Less than 30 minutes, space exbillionaire elon musk set to reveal the blueprint for futuristic travel. It could move you from l. A. To San Francisco in half an hour. Liz new york to l. A. In 45 minutes . Well see. Shares of pro