Sanders supporters . Well take you there live. Were also keeping an eye on protesters making their way to the convention arena. Their mission . To convince delegates not to vote for clinton. We get a live you update outside as well. Weve got two tech giants, big deal, apple and twitter, releasing quarterly results, will happen any minute. Give you numbers you need to know the second they come out. We have a lot to do today. Charles we do. Apple could push 5 either way depending on reports. Stocks climbed back in final moments of trading. The dow is negative way off its lows, ending the day down 20 points t was as low as 106 to the downside. Phil flynn, fox business contributor watching oil and gold from cme. Lori rothman from the floor of the New York Stock Exchange. Lori, what was behind the turn around for stocks . Reporter a tugofwar for companies that reported earnings. The dow did close down but well off session lows. Mcdonalds, 3m, disappointing results, shares a little lower versus caterpillar and United Technologies which was pretty decent. You have a fed meeting going on. We another here the announcement. The statement will be the big deal. Well see if we get tightening by end of the year. Might be a wait and see going on. Were waiting for twitter options. Markets forecasting 8. 4 move in either direction, looking for 36 , 37 lets call it bump up in profit for shares of twitter. I will follow that for you. Apple, headliner, this is getting a lot of buzz. Earnings expected down more than 25 . This is all before the iphone 7. People are already writing off this quarter. I will march on back it my post and wait for twitter and come on back for you guys. Melissa thank you, lori. Oil continues to fall under 43 bucks a barrel, lowest level since april. Where do you think it heads from here . I think it is very disturbing at these levels especially when you saw the earnings we saw from bp this morning. This is a danger zone for Energy Companies not only here in the United States but globally as well. Once you start getting near the 40 a barrel area, that really hurts their profitability and means more canceled projects down the road. Technically, by really closing below 100 day moving average, we have a pretty good chance that is 41 or 40 very quickly, if we dont get help from inventory numbers we get preview 4 30 eastern time from the api and help from the fed tomorrow. Those could be two things that could turn the market around. Other than that the charts look bad. Back to you. Melissa thanks, phil. Charles as phil said, help from the fed might turn markets around. Dow was in the red but investors are waiting for clues from the investor reserve. Lets bring in todays market panel. Jonathan hoenig from capitalist Pig Hedge Fund and jason rotman from lido isle advisors. We have the a crowd in today. Gary, i have to go to you first. I dont think that janet yellen will raise rates before the election, i just dont think she is going to do it. She doesnt want to leave hillary with a down market. Should she though . Forget about predictions, should she be raising rates right now . It should have been a while ago but look, knicks will win nba championship before she raises rates at this point in time. Charles okay. No rate hike tomorrow. No rate hike less rest of this year. Amazing part s p is at alltime highs. There is still easy money across the globe. Charles jonathan, the royal bank of the scotland announced today probably, they havent done it yet, they will probably going to start to charge depositors for keeping their money. Melissa that is amazing. Charles it is mind blowing. The banking community, the whole financial world around the world, around the globe is going nuts with this. It doesnt make sense. Will there be something to pay for all the absurd policy were beginning to see . David we know there is no such thing as free lunch in economics. We always ke this time its different. This time it is different. What were seeing, what youre describing, not just from Central Banks here and abroad, is unprecedented in the history of modern finance. Im a bull on the stock market. Look today, you have 200 some new highs, only a handful of new lows. I think fed unfortunately, dave is the real question mark. The economy is easy to predict. What politics do, what janet yellen does is much more difficult. Charles jason, the question whether the Central Banks of the world including our own fed which will be reporting tomorrow have lost their way . Theyre not supposed to be just for rich guys on wall street, right . True. They do have two mandates, price stability and maximum employment technically but i think we know there is a little bit more than that going on behind the scenes. With that being said i agree with jonathan, im a bull on stork market but more importantly for viewer, they need to watch the russell. The russell is only major index that has not surmounted alltime high. That will go up more than other indices. Charles gary, i have to turn it into politics. Were hearing a lot of talk about a rigged system from both democrats and republicans. I think Central Banks are pretty much proving that right. Here and around the globe they have rigged every market, every asset price, every data point and youre seeing some outcomes at it. Because of easy money, you get a ton of buyouts. Today Analog Devices linear tech, theyre buying them for too high of a price because of easy money. These are bubbles created over time. Im bullish on the market too. Eventually worlds will collide. Charles easy for markets, not guy on main street. Melissa. Melissa mcdonalds shares getting grilled today. Fastfood giant reporting weakerthanexpected samestore sales growth in the u. S. Jonathan, i want to start with you on this one. This makes absolutely no sense. People are uncertain about the economy. Theyre not going to mcdonalds. I thought that is where you went if you dont have a lot of cash . I dont buy it. This company is so successfully basically brought itself back from the brink. This is name you want to buy on any dip. It is multinational. Overseas exposure. It reinvented its brand. More and more, people, melissa, are going out to eat. A lost restaurant stocks are performing. I dont own it. I would buy it on the dip. Dont believe the headlines. I think this stock you want to own moving forward. Melissa i cant decide how i feel about allday breakfast. On one hand, you go in option of egg mcmuffin, 2. 50 is cheaper than burger. Theyre losing money. On other hand i let the kids have a treat. If i go in, i dont mind having egg white delight. 250 calories. I would go there to something i have without feeling pretty guilty. Where do you come down on the essential of allday breakfast on the bottom line. Youre getting me very hungry when i get out of here. Melissa meet you there. Here is the problem, i think mcdonalds really got their big bang for their buck with their announcement of the breakfast all day, dollar men use. You are seeing it now, sales growth was down 4 for the quarter. The big problem for today was, mcdonalds actually said the whole Restaurant Industry is slowing down. So they whacked every restaurant stock from panera to red robin gourmet. I think you have a group right now, it is very competitive. There is a lot of restaurants. By the way a lot of them shutting down across the country because they overbuilt. Im not a big fan of restaurants at this point in time because of how much competition there is out there. Melissa not only that, jason, if you look where the stock has been, look at one year chart, yearoveryear it is still up, 25, 27 , it had a good run. What do you think about it from here . I think its a little bit overextended technically. I think that is pretty easy to argue but a couple of points. First of all, the competition on mcdonalds main products not talking about the allday breakfast, great, but classic burger, fries, sodas, that is where the samestore sales are dropping. I look around, all these different boutique burger joints, five guys, et cetera, et cetera, are popping up. Maybe theyre a little bit more pricey. People are going there. They want a quote, unquote, Higher Quality product. That is where mcdonalds is suffering. Kale is favorite item menu at mcdonalds. Melissa youre lunatic. They have the best fries in the whole world. Youre only one going to mcdonald for kale. Charles are you kidding . Pub pin shun funds returns are expected to drop dramatically all over the United States and taxpayers could have to pick up the bill. Aye yi yi. Our own adam shapiro live from the newsroom with the very latest. Sounds like grim news, adam . Reporter it is not good news, david, and heres why. This is just a projected figure. It is not official yet. Folks at wilshire trust comparative universe, for Second Quarter, they have been following this for 16 years, average return for Public Pensions which invests mostly in stocks will fall below 7. 5 . It will probably come in around 7. 4 . Why is that a problem . As the number falls, the return on investment the amount of money out of your pocket as a taxpayer has to go up to keep these pensions essentially healthy and be able to pay retirees. 60 according to the National Association of state retirement administrators, 60 of the Public Investment returns come from equities. So when the returns on stock are falling, it means taxpayers make up the difference. Heres the problem. Several states have unfunded liabilities in their pensions and according to the Pew Charitable trust, among the worst is illinois. They only have 39 of their state pensions funded. Kentucky, 44 , connecticut, 48 and alaska, 52 , new hampshire, 57 . States that have been paying their dues towards their Public Pensions, south dakota, 99 , wisconsin 99 , tennessee, 94 . Washington 88 . The bottom line, david, it is about choices. Politicians will have to choose between either paving roads, buying school books for children in school, or paying retirees. Its a very difficult choice that the country faces as more people retire and pensions which were not funded properly for the last 30 years now have to be funded. Charles easy to make promises though when you dont have to fund it which is what politicians did years back. Adam, thank you very much. Melissa . Melissa were awaiting secondquarter Earnings Results from twitter. The report is due out any minute. Want to go back to my panel for preview. Jonathan hoenig, Gary Kaltbaum and jason rotman along with steve rosillo from the the wsj. Wall street journal. What are you looking for . Revenue 600 million for the quarter, but still that would mark the 8th straight quarter of decelerating Revenue Growth here. It has been the same old story here quite a while for twitter. The business is struggling. The user base is slowing. It is pretty stagnant around 310 million monthly active users. That is not a lot when you see things like snapchat and instagram surpassing that. It is a tough spot for twitter. It is interesting to see what they can do, what jack dorsey can do to get them out of this. Melissa what is the problem with this, donald trump and i are neck and neck in terms ever hours logged. Yet the company cant grow beyond that and monetize it, what is the fix . Its a greaeat company and i think a very fun service, melissa, really still quite an overvalued stock. Keep in mind this came public with great promise about the monetizaton opportunity of a service like twitter and through what, a handful of ceos now, now returning to the founder they havent yet begun to execute. What i fear even if the Company Beats and has a oneday pop, real longterm trend is downward. You know, keep in mind, twitter is almost like publiclytraded version of unicorns, high flying tech stocks, many are not public. The fact it is so weak dont bode well for a lot of unicorn pieinthesky type names. Melissa gary if you look at the chart, the stock has gotten absolutely crushed. It has lost half its value over past year. Is that an opportunity or do you not catch a falling knife . It is down 50 in the last year. Here is where i think opportunity is. I think theyre a great buyout candidate and i dont say that very often. I think they get picked up on the cheap by somebody eventually. Maybe a facebook, maybe a google, who knows. I think that is their lie line. Bottom line this is a business as you guys said, completely decelerating. Maybe they beat this quarter and the stock pops, i dont know but i would sell it on any pop at this point in time. Melissa yeah. Jason, i mean the other big stock coming out today is apple. That is a story that is all about the iphone. What do you think about that one . I want to talk about twitter too. Listen, apple is a buy. Apple is not going away to use another phrase from the financial industry, apple is truly too big to fail. It is not going to 70, it is not going to 60. If youre an owner you got to hoed. If youre not an owner you need to buy, follow buffetts lead. It will not have a big rally whatever the earnings come out as, okay . Over longterm apple will evolve just like it has and will continue on its bull run. Melissa i think twitter is coming out right now. Were waiting for it to come out. Looks like it might not be terrific news. Steve, before we go to lori, give me your take on twitter as a target. Who do you think would be interested . Ever since microsoft bought linkedin last month, twitters stock is up 30 . Granted off a really low base. Still seeing takeover speculation is fueling the most recent moves in the stock. Who could buy it . Who knows. Maybe google, but, you know it is really hard to say. Actually to be honest i really dont know why someone would want to buy it right now, so. Melissa i think were ready to go to the numbers, on your screen it is down 7 . Lori rothman standing by with the actual numbers. What have you got for us, lori . Reporter 13 cents a share versus 10 cents. Here is the problem, revenue was a little bit soft, 602 million versus 606. 77 million. That was the forecast. Were looking at numbers now. Monthly active users, 66 million. That appears to be a little soft as well. This is really been the focus, for twitter, about how much user growth. Actually up just 1 . Little changed really. Not enough to really obviously impress wall street at least at this going. Shares are down looks like 8 . Well do a little more investigation. If you want more well be here, okay . Melissa lori, thank you. Steven, what do you think, what is your reaction to that . That is a miss on revenue. That is the number people were looking at. Interesting to see what the subscriber numbers are. Twitter is trying to do a lot of things to juice their business. They have been inking deals with major leak baseball and National Hockey league. Sort of a digital watering hole, hub for people to sort of gather on internet and talk about the games in real time. I think it is real interesting idea. The problem is that youre not seeing that flow through to the results right here in the short term. Right now, tough to see what will boost the business. Melissa jason, you got cheated out of it last time around. Let me get your reaction. Were hearing ad revenue is light. Stock is down 10 . Give me your take. Makes perfect sense. Waiting for buyout of twitter might be like waiting for gadot if everybody hear what is im saying. It may never happen. Number two, im a strong opponent much twitters Business Plan of doing Live Streaming sports event. First of all, even though sports are huge in country, it is way too niche. What will you do, 50 people huddle around a cell phone to watch the games. Doesnt make sense. Too hyper focused on one segment. Theyre not doing a good job of evolving like facebook with intragram and snapchat. Twitter is way beyond. Melissa jonathan i recently learned how to airplay television in the room with my apple tv i dont know what im talking about but i can do it. I can picture how you watch things on bigger screen. Im sure nye nineyearold can hook it up. Im not worried about that. What about twitters future. It needs to evolve. Those of us on the service a long time this has come a long way. This is tale of two internet stocks. Facebook not far from the 52week high. It has dug itself quite a hole. Melissa, the stock needs to go up 100 to get where it was last year. Melissa guys, thank you for your help. Charles market cap of twitter is like this, compared to apple. Theyre not. Stay tuned, apple coming up. That still exists on the denture, and that bacteria multiplies very rapidly. Thats why dentists recommend cleaning with polident everyday. Polidents unique micro clean formula works in just 3 minutes, killing 99. 99 of odor causing bacteria. For a cleaner, fresher, brighter denture every day. Melissa twitter shares sinking in afterhours. The stock is down more than 10 following release of companys Second Quarter results. Twitter citing outlook next quarter well below estimates driving the stock down. Could open tomorrow at a onemonth low. David not good. Again were still awaiting apple. Well bring that to you as soon as we get it. Meanwhile day two of the democratic convention, youre looking at live shot in philadelphia. Hillary clinton set to make history tonight as she becomes first woman president ial nominee of a Major Political party. Bernie sanders supporters would say, not so fast. But she cant get that without the support of the Bernie Sanders supporters. That is the problem. Our own peter barnes is in philadelphia with the very latest. Peter, are bernies supporters starting to come on board . Reporter they are starting to come on board. They want the roll call tonight, nearly 1900 supporting Bernie Sanders want a record of their support for Bernie Sanders. And then, they hope to try to unify around here. And, move on. And get behind Hillary Clinton. Now this bill start with the alabama delegation up there. This is being done in alphabetical order. And well start around 5 00, or so, run for couple hours. At end of it, we do expect Hillary C