Power just enough that the Syrian Rebels will be able to finish the mission and actually drive him from power. And in order to do that, the leader of the Free Syrian Army told us in conjunction with a western military action that the rebels will launch their own offensive. They have already begun to stockpile ammunition, some new ammunition has been arriving. They have confirmed to us the question now is what will that leave the United States and what will it leave syria, if Bashar Al Assad is toppled. There are many different rebel factions who are operating in syria, only a few of them are friendly to the United States. Richard engel, nbc news, in southern turkey. U. N. Inspectors left their hotel today, headed to an unknown destination. We should note the u. S. Stocks sold off big time yesterday. You see what happened there. Dow was off over 1 . In asia overnight, take a look at what happened on this news. We have red arrows across the board, the hang seng off 1. 5 . And the nikkei off 1. 5 as well. Earlier european trading, a similar story, not necessarily as bad, but red arrows with the dax off a percent. And a quick look at the u. S. Futures, we have some green arrows on our side of the pond, with the dow looking like it might open up 13 points higher, the s p 500 up close to two points higher and the nasdaq up as well. Then finally, the big issue that is moving all of this, energy and crude specifically. You can see wti crude up almost 1 . And been that we have not seen 110 in a while. In a long time. Well be looking at the broader markets and the flight to safety in a minute. Before we do all that, lets get over to scott, some of this mornings corporate stories. Good morning, scott. Thanks so much. Number of Media Companies losing control of their websites yesterday after hackers supporting the Syrian Government breached an Internet Company that manages many major site addresses. The hacked companies include the New York Times, twitter and the huffington post. Terrorism analyst Roger Cressey will join us more in the next half an hour. Wall street journal reporting jpmorgans fines related to the london whale are not expected to total between 500 million and 600 million. Paper says the bank is in discussions with various agencies as part of a global settlement. In other legal news, the New York Times reports u. S. Regulators are preparing to impose a fine of 80 million at jpmorgan, relating to its dealings with retail customers during the recession. Regulators are investigating reports that the bank sold an Identity Theft protection with false promises to credit card customers through a third party vendor. In another set of actions, the government is targeting the bank for flooding state courts with lawsuits that used faulty documentation to substantiate the amount owed by consumers. In other wall street news, Merrill Lynch reportedly agreed to pay 160 million to settle a racial bias lawsuit. Proceedings wound through the federal courts for eight years. The payout would be the largest sum ever distributed to plaintiffs in a Racial Discrimination suit against an american employer. The lawsuit was filed on behalf of 700 black brokers who worked for merrill. I guess well talk jpmorgan. Might be remiss if we didnt mention this ft story, dont you think . Go for it. 6 billion what the u. S. Is demanding that Jpmorgan Chase to settle allegations it sold Mortgage Securities to fannie and freddie. Who would buy anything back then. They are not going to do it at this point. They say, no, unclear what type of settlement, what number were talking about, but probably in the start with a b. Start with a b. More, i figure we might as well mention that. An ft story on jpmorgan. Broader markets this morning, as you saw, up 12 points on the futures, which we kind of had our day yesterday and some of the other like in asia, responding to what happened here. Got us down to a twomonth low. Not quite in full correction mode yet, but this time around you combine taper fears with seems like it is weird when everything starts coming together to explain why the market has a reason to sell off. You go from where nothing can cause it to go down and people predict corrections for a year and nothing happens and then all of a sudden, out of nowhere, how did we not correct earlier . Even europe could rear its head again, if you read mark grammarson. There is some things brewing and percolating over there. You going to gang up with me on your big fancy jacket today. I was thinking how hot i am. You are hot, with or without the jacket, which is why i dont see why you need to wear it. What is your problem . This is the way it worked out. It is how i roll. Its how you roll. This is like the play girl edition of squawk box. You dont think you need you have no idea what is going on below the desk. I know what is going on beneath my desk looking at you, which is why it is lets back track. You went there, man. This squawkward moment has been brought to you by joe kernen. We havent had a squawkward moment in a while. I dont think we have it taped, we dont have a guy saying it, that we have an awkward moment. Already part of it. Does this feel at all to you over 110, we saw that, i want to leave the tenyear. The tenyear, we should be going lets this feels good. This is not getting out of hand. The fed has not lost control. The globe is not pushing Interest Rates up in spite of the fed. It is not. These other things, worries about the taper. In fact, the durable goods number probably made it more likely that liesman will be right. Maybe there wont be anything in september. Yeah. But lets you look tan. They put too much makeup on you today, around here. Did someone different do your makeup today . You dont think it looks good. It looks good, you look a little it is like theyre catering your makeup to the time of the year. It is the end of summer, i should look rested, a little you look like you got a haircut. I did. A week ago. Both you guys are high and tight on the hair situation. The dollar, quickly, going to be like this the entire show, the man show. Yeah. Thats why it is good to have a woman here. Makeup too, by the way. Good to have a woman here to cut some of this stuff off, basically. Unfortunately viewers will be exposed 133 on the euro. The yen on fast money, if you explain why has the yen gotten so strong, you know, the tumult and the syrian situation has worsened. We havent talked about the yen much. It is weird. Because yesterday it jumped yesterday. The yen, and obvious and then gold as well, well see if gold continues to move higher. Back in a bull market, and up to 1424. Time for the Global Markets, before Ross Westgate got back in time for all this action. Monday, the london market wasnt even open. You were paying a little catchup yesterday, right . Yeah. Yeah, we were here in london. It was also the last long weekend of the summer. You have yours coming up this weekend. Red behind us today. Another day of selloff, another day of global risk aversion as we continue to watch events in syria. British government saying David Cameron tweeting today that the British Government will table a u. N. Resolution possibly later today on some military action in syria. Thats just pushed stocks at the moment down to about the lowest levels of the session, around 8 to 1, advancers outpaced by decliners at the moment. How we stand on european equities, ftse 100, session lows for the xetra dax, off a percent. Cac quarante down a quarter. Up a quarter for the mib. Taking a breakdown of the sectors right now. Only two up. Utilities and notable oil and gas are up 1. 6 . Thats because as you have been pointing out, brent is getting a little firmer, nymex this morning. We have been up one stage this morning with brent up to 116 a barrel, 11536. Nymex, below 110. 109 for a year and a half. Gold is firmer. Copper again still weaker following the comments yesterday, expect weak chinese demand to weigh on prices. One big focus for the uk, mark carneys First Official speech as governor. Hes doing it up in nottingham. Hes doing it to a lunch of business men. The local chambers of commerce, the directors and it will be q a as well. 1 45 london time. Work that out, five hours behind in the u. S. First speech, q a and about his commitment to extending this period, his guidance hes given and how long he can keep rates low. The message will be for him, well do everything to keep rates low and get out and invest. Treasury yields at 2. 73 right now. On that note, hand it back to you. Okay, ross. Thank you. It is not about Business News as much there are ramifications for what happens in the markets. Thats why were here. Lets get more on the situation in syria, possible u. S. Response. Michael singh, managing director at Washington Institute for near east policy and former senior director from middle east affairs at the National Security council and, michael, in thinking about the situation, i will ask every guest today what they believe to be the most appropriate path, because to me it looks like an absolute quagmire where no one at this point knows what the negative ramifications could be, dont know whether anything will actually be positive about it. I dont think anyone knows at this point. What would your approach be if you were the president at this point . Youre right. These things are very unpredictable. Military conflict is inherently unpredictable. If the United States intervenes, it is important that we get something out of it. I think it would be a shame to intervene just for symbolic purposes, just to sort of show that our red line was real. If were going to engage in risks politically and militarily that this entails, i think it is important that it drive towards some kind of solution in syria. I think we want that to be not necessarily a victory for the opposition, because the opposition includes lots of Al Qaeda Affiliated jihadists, but a diplomatic resolution. You want to convince the regime that it cant win militarily and has to come to the table and negotiate its way out of this. We cant Police Obviously every horrific act perpetrated by the people around the world. Tyrants around the world, but when it gets to this point where you would probably call this a war crime, wouldnt you . A civilian a use of gas on civilians. Dont know why regime change is out of the question at this point. But thats not something that were going to try to affect. But any half measures as you said, if it doesnt dissuade him, he might do it again. Hes done it multiple times already. Michael, do you know when which division it was . I read if it was division four, then that was one that assad controls, but theyre not even sure and there are some divisions that he may have much less control over in terms of what they do. Do we know he okayed this . Well, i certainly dont know. The u. S. May have intelligence. The Regime Forces are kind of a real mix of both regular forces under the regimes control, as well as some irregular forces who have come in under the sponsorship of say iran, Islamic Revolutionary core. We see these irregular forces composed of syrian alawites and hezbollah there as well, the lebanese terrorist Group Political group which is also fighting for the regime. Not clear that Bashar Al Assad is directing everything, but i think hes responsible for everything. I think thats whats guiding u. S. Actions. When you say we got to get something out of it, mccain, who will be on later, senator, later in the show, says we should try to do something in terms of knocking out air power, assads air power. That doesnt seem to be something that were considering. Were going to look at some of the divisions that we think are responsible for the gas or maybe i dont know other sites, not specifically making the gas, because we dont want to release any of it by accident. Would that be enough if we hit them pretty hard on the ground or do we need to do something with the air . I would say you have to first think of what is your objective. So often we get ourselves into trouble because we dont have a clear objective. And if you have an objective in mind, that objective should be to get the regime to the negotiating table with the opposition, you have to think about what are the tools you need to do that. It is not just military. Not just picking targets. It is using diplomacy as well. How do you strengthen the opposition, how do you ensure youre strengthing the right opposition because you want to drive this to a resolution that advances our interests. Cant just be about defending the president s credibility or doing something for the sake of doing something. Were in that problem. We got to do something, we said we would. We already lost credibility and now dont want to lose more. Michael what is the role of saudi arabia in all of this, who has been on the fence about how theyre treating this . The saudis have been supporting the Syrian Opposition by all accounts. And there is a lot of worries that money from the gulf states is flowing to this jihadist opposition, which has been the best armed and most effective. I dont think our gulf state allies will stand up and applaud if we just lob a few Cruise Missiles into syria because it will be seen as, well, look, thats youre defending your red line, your credibility, but not defending what we see as a strategic interest here in syria. Youre sort of showing up and then leaving in a sense. I think that our allies are looking for much more of a leadership role, an active role from us and have been for some time. Do you believe iran that theyll attack israel . I think both iran and assad have a strong incentive not to escalate, not to sort of draw the u. S. Even further in, but threats, you know. They lose credibility. They dont do anything. It is an absolute, you know, an absolute mess with all the unintended consequences. Do you think it will be better not to do anything . I dont think it would be better not to do anything. I think in many ways our inaction has helped produce a situation you have now. You cant just avoid the problems. There is little public support for thats our own issue as well, from iraq and afghanistan. And you dont want our own situation to to cause us to do something that precludes helping these civilians that are basically probably worried about another gas attack. And you find low public support, you find low congressional support. And obama is going to need to contend with. There hasnt been a clear articulation of what were going to achieve and how were going to do it. I think once someone stands up and does that, then you can test the support that youll get. Michael, thanks for that reasoned analysis. We appreciate it. Getting up early, though hes on the east coast. Thank you. That was most recent analysis ive heard in a long time about having an objective as opposed to just sending a signal. Largely symbolic. It feels like we have been forced into it. Well have mccain on. Hes railing against general dempsey, who says, you know, said lets show much reticence to do anything that it emboldens in his view, emboldened these guys. All right, coming up, how twitter is learning from some of facebooks ipo mistakes. First, as we head to break, lets check on the National Forecast with the weather channels alex wallace. Good morning to you. Good morning, were tracking some showers moving from the great lakes down into the midatlantic. You see what is happening now, rain to west virginia, right around the elkins area. Try to move closer to the d. C. Area. Thats an area well be focusing on the for the rest of the day. The 50th anniversary of dr. Martin luther kings i have a dream speech. We have the risk for some storms throughout the afternoon and the evening as some of the events will be taking place there. Some storms could pack a punch. Severe threat for d. C. , norfolk, Virginia Beach area, back to roanoke as well. So damaging winds and hail accompanying those storms and were still dealing with the heat in the middle of the country. Big heat dome in place. Temperatures 10 to 15 degrees above average here for us. That will put us back up into the 90s. Omaha, 98, minneapolis, the twin cities, 92 degrees there. Scorcher for the middle part of the week. Squawk box coming back in a bit. Ive got something for you too. announcer fancy feast delights with cheddar. A meal that is sure to delight your cheese lover. Now available in the classic form she loves. Fancy feast. The best ingredient is love. Welcome back to squawk box. Time now for the executive edge, our daily segment focused on giving Business Leaders a leg up. Were going to try to do that right now, with this story. Twitter hired ticketmasters former ceo to spearhead an ambitious push into online commerce. Analysts say the move fuels speculation that the social network could move toward an ipo as soon as early next year. Twitter put in place policies that restrict employees from selling stock on the private markets, keeping a lid on the price. Twitter shares trade for 20 in the private markets. What do you think and more importantly, if they do an ipo, which we all expect them to, should they make a special offer to all twitter users . Well, how many twitter users are there . Not a billion. Not a billion yet, but half a billion, im assuming. No . Something tells me they wont do that. I dont know. I didnt know thats a curveball youre throwing me. I dont know. I was thinking about this in different ways, in more philosophical ways and im hoping twitter is not around in five years. I guess it will be. I dont want to be paul krugman who said the internet in 1998 would have no greater impact than the fax machine and we now know the internet probably is slightly. But are we all still going to b