Countdown to the closing bell starts right now. Liz good afternoon. The last hour of trading. A lot to get to. Reporting in about an hour. More has the names. Already reported earnings, and we need to focus on those because each one tells a different story. First up, cocacola pretty much tracked down the home market after that Software Maker reported lowerthanexpected Second Quarter results. We have been questioning now one. But it does not matter. The markets are questioning whether the stock is something down right now falling out to the tune of about 2 at the moment. Investors seem to focus not on that but on the fine print which in this case was that goldman might have a problem. It feels like medical device sales, pretty much flat to down just two pennies, barely 1 percent, barely even onefifth of 1 . Said the other stories. Full team coverage. Elizabeth macdonald live on the scene downtown. We have Nicole Petallides on the floor of the new york stock exchange. His exclusive interview with fed kansas city chief Nestor George moved the market. I want to start with you and the headline. Well, the great dissenter. She wants to end quantitative easing faster and sooner. The surprise is how. Liz he will tell us how she envisions that. The new york stock exchange, your headlines. The market remains weak going into the closing bell. Obviously we have had an overbought market. Liz barely, i mean down 47 points. Outside the federal courthouse in downtown manhattan, watching this deal happen before our eyes. This is a big trial happening right now. It is ceding of down here in lower manhattan. Also, security funds. He still could walk. Back to you. Liz all of our reporters on major stories affecting your money, but it is obvious that the headline here is that green is a little more hard to find on the screen. One of the voting members telling peter barnes exclusively that they need to stop spiking the punch bowl and begin tapering his Bond Buying Program senator later. Very interested to know what the traders see as how that affected the markets. We are live. First to you. There is a dissenter. Is that in the grand scheme of things enough to move the market . Listen, i think we are getting into the heart of earnings. This is a big week for earnings. I think our earnings were a disappointment, but with a lot of negative guidance. The positive news to mother really positive news, the Bank Earnings are really on balance. So go the financials and the market. I think on balance, a few points today, really a nonevent. Liz im hearing you say that the fact that the fed had, one of them is making these comments , swamps a bit by the fact that earnings numbers have been what they are . Every time somebody started to speak that is what they focused upon. That is true. If you go back to the make comments from the fed where you have the diversions between bernankes testimony and what the previous minutes said i think we had a native impact from that. I think that pretty much factored into the moment, and until the fed really starts to do something it is simply just rhetoric. One person, and there is obviously a divergence on the board of the fed, and they dont agree. Theyre going to ease, but i think we have a lot more time, certainly intermediate time. Liz that leads us to these numbers. Really good. When a breakdown in my machine here about the finances and sells, lot of selling. Is that just sell on decent news . Everyone will be sitting on the sideline, liquidating their positions. Yesterday was the lightest trading day of the year. If we look at it, everyone is sitting on the sidelines waiting to see more definitive interaction. Let us hope. Everyone has been trying to read into it. We will do september. Everybody, theyre waiting to see what will happen on capitol hill. Come up with a good game plan. In the meantime there want to liquidate the position, sit on the sideline. Then it is unfortunate. The dollar is taking a big drop. Rossini come down almost half a penny throughout most of the day again, the fed, bernanke, everybody else, everybody sitting on the sidelines waiting for this. Liz thats the thing. Again, hes right when he says earnings matter. Youre absolutely right that the bigger picture, that is why we wait for. At the moment, interesting to see that most of the Energy Complex is moving higher except for crude oil. Is there something at work here . Well, with the whale in respect to that it is more so correcting overtime as opposed to price. We have had a little bit of movement, but manley has been sidelined since i street. We are kind of in a waitandsee mode. If we can get another follow through on some bullish demand like resigned last couple of weeks we could push higher. We have seen some pretty positive stuff. Starting to see a little bit of pick up noise in the middle east again. A lot of uncertainty. Liz good to see you. It is happening in new york city. We want to let people know that because the demand on energy is so big did this happen . Almost all the buildings have to stop using some much and take up the airconditioning. Im sorry . Liz he cant hear. Its too late. We are done. You had your shot. Good to see all of you. Thank you. Reading a little havoc today, not with earnings about by downgrading the entire auto sector. This is the first time they have done this since 2009. We are taking a look, watching the auto sector closely. General motors and ford and tesla. All three names are worth watching. Gm and ford, you can see both had down arrows. So that is one thing that is worth noting. Gm was the one eventually hit an annual high. The other thing is tesla which is down about 13 . They cut their numbers. This of the targets for a little too high and the pull them back. You know, a hundred and 11 are so give or take. It is interesting to watch the group overall. I would not mind if it were a tiny bit warmer. Liz that is very european. They dont like airconditioning. I love it. California. We want to be winter freeze. See later. You would think that sense goldman came out with a bang attorneys this morning that that would be the focus. But for many it is a little bit of a sideshow compared to the trial of former goldman president s. That trial in its second day. Here is what makes it relatively interesting aside from the fact that it is goldman. Taking the stand in his own defense. Regulators have accused him of misleading investors by setting of the trade that arguably helped when customer but then heard a bunch of others and cost a second group more than 1 billion. Sweating it out at the new york courthouse with the very latest developments. Thats right. Expected to take the stand. His lawyer, basically 28 years old at the time of this alleges fraud and what we are hearing is the hedge fund manager, the Billionaire Hedge Fund manager her cherry pick to the assets in that sale is also expected to testify. I just left the court room. We have other Hedge Fund Executives taking the witness stand. The sec grilling them coming essentially saying the you knew this was a directional bets. Housing was going south. The derivatives deal was built on rotten apples. In fact, almost 100 percent of the assets, most of the assets were downgraded within nine months. So basically what theyre saying is showing emails. He calls himself fabulous to breeze. In an email saying, this thing is levered to the hilt. This is a building that will collapse. Is a monstrosity. The last survivor standing will be me. Other emails showing that goldman is essentially in that timeframe was basically saying, we have to capitalize on this. We have to start shorting more heavily. These deals are going south. They did also reversed course and start shorting the sub prime bonds that they had been talking to investors. Should be known that they are already paying about of 559 fine, neither admitting or denying wrongdoing, but it is heating up here. And also, it should be noted that he is selling the steel to widows and orphans. Theres a what those sitting on this jury year. It is one of five women and four men. We also have an episcopalian priest. He jokes that he was doing the lords work. Basically zeroing in on the integrity. Sending it back to you. Liz you have to remember, the shareholders. That is a great point, not to say that any of us. You will see what happens. Thank you for letting us know that. Thank you very much. By the way, one of the jurors fell asleep. Traders are telling us something they need to know. They believe that so many avestas us sitting on the sideline until one thing happens which is supposed to happen tomorrow. That one thing, fed chairman ben bernanke marching up to capitol hill to answer some important questions, the answers to which you need to hear. Some day a fox business exclusive. With that said, as sir george appears in her first tv interview since she took the job disagrees with the big boss. Peter barnes tells us out. Plus, good morning vietnam. Another huge name from main street betting on growth in one of asias top economies. Should you be looking at vietnam as an investment . Countdown to the closing bell coming right back. Stay tuned. Dow jones industrials down 48 points. You make a great team. Its been that way since e day you met. But your erectile dysfunction itld be a question of blood flow. Cialis tadalafil for daily use helps you be Ready Anytime the moments right. 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Liz if you are wondering what is smart today, dont even want to call it a sellout because 50 points in the grand scheme of things, all up more than 20 yearoveryear. The russell 2000 is up more than 30 yearoveryear, but today we do have read on the screen. You could argue that it was both stocks and bonds, literally. The stocks, coke mess. Bonds, that is for peter barnes comes in. One of the fed decided specifically in kansas city. Reporter thats right. Esther george is a hawk. She worries that all of this easy money, quantitative easing could cause asset bubbles, could lay the groundwork for inflation she said today she said an hour interview that she once said start to taper quantitative easing faster and sooner. Those were her words. But the surprise was that she says, listen, i am not giving a firm date or a firm time for tapering or ending quantitative easing. I just want to get a process started. At issue was to do it at the committee level. She also talked about the challenges of all of the communications and all this in acknowledging that there have been challenges, seeing interest rates,. But she didnt call that an overreaction. Take a listen. I think it is to be expected that when the town of policies change there is an adjustment process. And the markets reaction, the rates settle down a little bit. And so, again, i think that was unnecessary communication. I think as we go for the markets now will have differing expectations. She also came in behind a lot of the fed officials to say that this decision on how and when to taper is dated driven, but she thinks on job creation the fed has the data, 200,000 jobs per month for the last six months is good enough for to start getting moving on diving down quantitative easing. Liz she is sure making a splash. Its interesting. Great that you got it. It is all over the wire. If you thought mcdonalds was everywhere, you should know that there not quite everywhere. Today they took one step closer to that announcing today it is opening its first restaurant in vietnam which will be early next year. The soninlaw of the ountrys communist prime minister, cant be that communists, he wants to run a franchise. In fact, he will be read in about 120 countries worldwide, but we just wanted to find out where else you still cant get a big mac or anything else. No mcdonalds in austria, even though the countrys former leader was rumored to airlift big macs into the country. No surprise that the restaurants are nowhere to be found in syria. Winos surprise . Okay. Vatican city located in rome but considered its own country. Pact with american tourists, but there will find a mcdonalds there. Heres a look at the other major nations that are still uncharted territory for the golden arches. Bullies. We talked to a few analysts, and they dont expect me to also move into any of these countries. Most of them by saying that vietnam was probably a lot last year Term International move. At 100. 84, off of the 52 week, but has had a pretty good year. The expansion comes after other western companies jumped in. Starbucks, subway, pizza hut. Closing bell rang in 40 minutes. Former new york governor Eliot Spitzer may be dusting off his shares of wall street as he wraps up his Comeback Campaign for Political Office in new york. We have a fox business exclusive on despots a strategy. And they blow past earnings estimates, doubling profits from the past year. Breakdown the numbers with two leading Bank Industry watchers. One of them is a major shareholder. 50,000 shares. Find out what is next. Stay tuned. Were coming right back. Liz we both look so serious. Howard and how is former new york governor going to make his comeback after prostitution scandal nearly wrecked his career . Maybe ill do it by dusting off his old sheriff of wall streets image. Author of circle of friends, charlie gasparino, now smiling, year with the exclusive. Reporter , is very serious ride zucker of prostitutes. Liz i would be, too. Before we get to that to mike and i did your thoughts on . Liz its down. Partly because they still believe that goldman could make Lightning Strike twice. Reporter you were talking and let us of the numbers. The tax issue. Here is what i think is happening, and this might be completely temporary phenomenon. Shares of Morgan Stanley, very risk averse. Basically an institutional level through Investment Bankers and advice for the mass of brokers on that they have right now. That stock is doing very well. If you look at the zeitgeist of the incentives will invest in markets, they ask them. Liz 50,000 shares. A lot of people are now starting to say in a very regulated environment, all this stuff, Morgan Stanley as the Business Model. Maybe goldman which made its bonds taking risk all those years and doing it very well, but taking it could not really produce the types of returns given this incredible, you know, regulatory environment, but i ask your advice. Liz youre same Morgan Stanley has the Business Model down. Risk averse. The Business Model of advice as opposed to what goldman does which is roll the dice. Liz of get back to the serious subject of prostitution. Former governor Eliot Spitzer has been a guest on this program i buried the hatchet. I will report on his now run for city comptroller. I was on was a wonder there. Some sort of up the san of this. This is an important office. Liz if youre talking a money. You basically do all the bond deals. Not only that, you run the pension fund which may see one of the biggest Institutional Investors in the country which makes you like front and center and all these big Corporate Governance issues which is why specter wants the job. When i understand hes going to do is, as you know, we were first to report that cream birk, former aig chief was ousted from aig because of a late spritzers sued, five years later hes basically suing in for defamation. Spitzer is turning around and telling people that he relishes this. He believes that fighting the green bird, Dick Grasso Liz by the way, those three supposedly are going to make big donations to the competition but his competition is even more liberal. I cant imagine. We will see what happens. He thinks that if they go after him as a dreamer is starting to it will be positive and he will run against wall street, run against these guys, run against the fat cats. Robert, this is not a bad law because it you think about it especially in a democratic primary is liberal, even the more liberal than that is a very liberal. And it he relishes the fight of taking on wall street. Even though if you look at the cases, he lost threequarters of the cases. He wont talk to me. He still mad at me about my book to read about. Was very fair. Some things i did not like. A way, you know, one thing, hes a classy guy. I call them up invest in. He said, there are Second Chances in politics. Hes a class act. Well see. I think elie from what i understand, from and telling people he relishes the fight. He relishes the fight. Liz you guys were schmoozing in up in that green room. How is the food compared . Thats all i care about. A lot better. Liz they have yogurt. We have like gold its not old. Its fixed every couple of hours carbohydrates. What is a taste of . It doesnt. I dont eat it for reason. And of think theyre trying to kill was purposely. It is kind of the leftovers from the executive suite. Liz thank you very much. Author of the new books circle of friends. Gated. The new york city triathlon is over. Of course it was this sunday. Did generosity is still running strong as the nations continued to pour in. We were in the relay team. We came and 306 that of 131. Think we beat the Nbc Universal team. Who is running against you . That bill baker replaced. Came running in. There an amazing shape. The best logo. There is meeting on my bike. It no pain. Let us. Liz we also,