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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