We also saw the fiveyear period i think this is interesting. 1. 62 for the five year period what was it like . A lot of whiplash going on. We are always looking at light volume. Again, we will be seeing a lot of up and down trading for the next few weeks. We will wait for the next fed meeting. Then all the speculators will be thinking the same thing, like they were. They were looking at a specific date. None of that happened. We will continue to see the whiplash for the near future. Liz i found it interesting that you said everyone wanted a part of this. Mark newton, what can we expect as we look toward the next meeting . We are still in a very seasonably bearish month. On a monthly basis, stocks are still quite overbought. I am a little more bearish, i think, over the next couple weeks. The s p still has a good shot at pulling back. Liz okay. Let me get to something that certainly matters to a lot of people. Oil dropping more than one dollar. What is that about . Major news in the middle east. I kind of feel like the guy left out with Everything Else going on. Crude did make a crazy move. We had that yesterday. We are near the end of the summer. That situation always seems to get bad. It seems, you know, this whole summer it seems to be holding up the whole world. Those cracks have gotten really soft. I think we are on the way to a big move. Liz we did see a big move. Thank you, gentlemen, very much. Retail earnings disappointments have piled up with two more names missing the market today. The stock reactions are not always disappointing. What are you looking at today that gives us a sense of consumers and retailers . Nicole today we are looking at two names that are getting hit hard. Right now, the s p 500 is flat. Here is a look at staples. Staples numbers came in. Lowering fullyear numbers and also taking down some of the other names that we know. Office depot, officemax. It is a huge, huge move. Target has been hit by the cost of their expansion over in canada. Many of these retailers are cautious for the most part, not rushing to spend too much on things that they do not necessarily need. As a result, we are seeing both of these names to the downside. Liz thank you very much, nicole petallides. Jpmorgan is under fire yet again. Day after day, the banking giant is under rocks. The federal Energy Regulatory administration. Let us bring in the man, kurt. He joins me in a fox business exclusive. Wonderful to have you. We appreciate you being here. Right off the bat, and importing question to address here is regarding the recent settlement, is there Something Else . Here lately, most of the attention, when it comes to pressure being put on business and enterprise, from a regulatory point of view has been from the ferc. They have been vigilant in looking at these practices. If you look at the settlement, one of the things that we know is jpmorgan did not admit to anything. They strictly settled. Quite frankly, you have to be careful with what is coming after that when it comes to a settlement and you add it thinks. As far as what the doj is looking at, are they looking at the same 12 trades, did manipulate the market space, or are they looking into Something Else . Liz lets clarify for people that are not familiar wiih it. Is this issue with energy, jpmorgan was accused of manipulating the price and then getting more money for energy that actually should have been a lot cheaper. The settlement had to do with giving back some of the energy to people, customers who paid for higher prices when they really should not have. Now, you have the department of justice. Are they looking at what the sec got from phil four file . We are kind of speculating here. You look at the prosecutor there. A pretty good record of being pretty tough on people. I would have to guess that they are looking at something around these traits. Getting information. They are going to delve a little more deeper into that. Jpmorgan, just kind of a financial point of view, they have made it clear that they are going to sell this business. Get out of this business. I do not see it having a huge effect on them as a bank. It is something that they have to Pay Attention to. When will the next shoe going to fall, that is problematic. Liz there are so many investigations against jpmorgan. Some international. You have the london well, you have the libor issues. The list goes on. 410 million to jpmorgan is about two days of trading profits. Yes. Well, you tend to move towards a settlement. I can tell you, would you have issues like this, you do try to settle, if you can. Settlement is strictly a tradeoff. What risks are identified right now by the attorneys for jpmorgan, i do not know. If they assert certain risk that they can offset with a settlement that is better, quite frankly, for their shareholders and investors, that is what they will do. Until we know more, it is hard to decide whether or not they will push for a settlement. Liz when it comes to reputational hits, is this a blow to the head, the heart or just a tap on the got . Reputational management is a big part of fortune 500 companies right now. When it comes to looking and being compared to enron, that is something that no one wants. You can believe that they are doing everything they can to avoid that. Liz do not want to be compared to enron. Thank you so much. A pleasure to have you here. Thank you. Liz closing bell ringing in 47 minutes. Internet for all. That is the vision. Mark zuckerberg launches a new initiative to bring the web to billions more people. People that do not have it in the farthest corners of the world. One of facebook partners in this process. We will talk to them. Plus, sonic. Showing its schools. In a most unusual way. We will show you how the fast food chain is cooking up a brand new way of attract and college students. Stay tuned. [ male announcer ] imagine this cute blob is metamucil. And this park is the inside of your body. See, the special psyllium fir in metamucil actually gels to trap some carbs to help maintain healy blood sugar levels. Metamucil. 3 amazing benefits in 1 super fiber. Liz liberty and Internet Access for all, that is the vision of facebook ceo Mark Zuckerberg. He has come up with hi this ideo bring Internet Access to about 5 billion people around the world who dont already have it. He announced the formation of internet. Org. I cannot believe that was not taken already. And next. Org has teamed up with bigname partners. One of them he picked opera software. Joining us now, big chief over at opera software. Great to see you. This is a fascinating concept, but lets get to how it all began. Does Mark Zuckerberg pickup the phone phone and call you guys or does he i am you guys, how does this come together for you . Thank you very much for having me. Yes, in fact it is quite exciting times, this is one of the most exciting and interesting projects we are involved. Actually so how this came about, we have been working for quite some time now with facebook. 81d trying to optimize the facebook experience on some of the handsets but it was a catering towards emerging markets. As you may know, they have been doing this for quite some time. We have a little more than 230 million users worldwide using this product. It is basically a web browser, but what is unique about opera mini is what is different from the regular web browser on your computer. Opera mini takes the web content, we actually download the content to our web server and we compress it down detectabltypically 10 of the wt and send it back to you making it much cheaper to access the internet. Liz the cost for five to you and people around the world, many in povertystricken nations. Is this realistic or is this the version of the hyperlink. A really big idea, formidable and altruistic concept but is it realistic to bring it to countries like africa, or others where only 1 of those nations are even wired . I do think it is realistic. It is not a walk in the park, it will not happen overnight. It will require industrywide corporations to furnish it and not just Public Sectors, but private sectors and the private sector and Public Sector working together to bring more people into the partnerships. But i do think is going to have to start somewhere. I remember when we are going down to a country like some of the asian nations and africa, trying to give them access to the internet, people were like how is that possible . We made it possible today, we have been doing this for 18 years, as i mentioned previously. Liz believe me, i love entrepreneurs. I applaud you guys, but is there profit potential here . Do you think so . Could you make money by getting a footprint in there, or would this be all gone profit . We are not a charity organization. We think there will be definitely a profit to be made, but it may not happen tomorrow or the next quarter, but providing internet and getting more people access to the internet, there is definitely a tremendous algae most people would agree and nut is probably the greatest invention of our time. So getting people to participate and cooperate, there is going to definitely be revenue to made and profit to be made for the ecosystem. So we believe so, yes. Liz we love the commercial with john f. Kennedy. It is inspiring. We wish you luck, we would like to tag along when you start wiring these nations and it is fascinating. Nokia, qualcomm, samsung all on board. We will be watching this, thank you so much. Thank you for having me. Liz getting the nod, good for them. The closing bell ringing and 38 minutes. Exclusive new reporting on the race for the fed chairmanship. Charlie gasparino will bring us the very latest on who might have the edge. Plus it is the talk of wall street today, talking about the fallout of the Goldman Sachs trading glitch and the potential risk of a melt down to the entire system of trading. Next we talked to the guy who literally wrote the book on highfrequency dangers but he is also out with a brandnew book on the Knight Capital collapse almost the same issue. Could this bring down the system . He is up next. [ male announcer ] these days, a Small Business can save by sharing. Like carpools. Polly wants to know if we can pick her up. Yeah, we can make room. Yeah. [ male announcer ]. Office space. Yes, were loving this communal seating. Its great. [ male announcer ] the best thing to share . A data plan. At t mobile share for business. One bucket of data for everyone on the plan, unlimited talk and text on smart phones. Now, everyones in the spirit of sharing. Hey, can i borrow your boat this weekend . No. [ male announcer ] share more. Save more. At t mobile share for business. Liz sources are telling the Fox Business Network that president obama is on the verge of selecting a brandnew Federal Reserve chief. Charlie gasparino as the real odds on who it is and how likely he will be to get the nod. Charlie i will lay this out, i would say a white house source person very close to the white house works on wall street, would describe it as a white house source plan the Fox Business Network the decision is going to be made who to get this job in a couple of weeks. In several weeks. I want to say several because it could last into september towards the end of the month. We understand that Larry Summers, the source says, is the odds on favorite. Let me describe the odds as it was described to me and why this is not necessarily in there yet. This is a very wellplaced source as 6040 there is summers gets it. It is not a definite, but 6040. The president think there could be another economic crisis around so he want to deal with somebody he is comfortable with. 6040. The one thing going on right now, the white house continues to vet Larry Summers did they look at his wall street ties. I think believe he joined the administration worked for de shaw. And that he did a lot of corporate work. He was an advisor to citigroup. They are vetting those relationships right now, that is why this is not 9010 or 100 done. It is the Financial Relationships they want to fully vet. I am talking to, they think he is going to get through it. A lot of people are saying janet yellen. Theyve tried to gain these odds for a long time. The vice chairwoman of the fed right now, Larry Summers a Senior Advisor to president obama, former treasury advisor, round economic circles for many years. You try to game plan these things and try to game the odds, who do you talk to . You talk to people who work on wall street who have firsthand knowledge and sources inside the administration and those are my sources on this. This guy is directly talking to those people and that is what they are relating to him. Liz to say he is here in new york, but theyr theres soa brainiac type of firm. This is a scientist. Charlie you would think they vetted that part already because he worked in the administration going through the vetting process. Remember, he did stuff after that, he was an advisor to citigroup, that is pretty kneejerk. Build out a systemically Important Bank that does work with, believe citigroup probably in the gm recapitalization. The government sold its stake in gm. Did he play a role in that . Who knows. When you start doing things with banks, it becomes tricky. They want to make sure they dont get stuck into something with this guy said something or did something particularly a confirmation hearing. The president selects the fed chair, the Senate Confirms it. This thing is coming down the pike, it is imminent in washington terms. Talking about weeks away. I would not be surprised if they did it before labor day. Why does he want summers . He feels comfortable with him in case there is another crisis. The next three years with obamacare looming and the fact they have to start cutting back and Larry Summers is seen as some recent papers faster than janet yellen, it will be an issue. Liz charlie gasparino, thank you very much. Appreciate it. The closing bell in 29 minutes. Could an electronic trading glitch like what happened yesterday spiral out of control and cause a market meltdown . Member the flash crash . Were hearing for from a man wo says the collapse of Knight Capital that was also affected by the trading glitch. How about giving your meal the Old College Try with some school pride. What a creative idea. One fast food chain helping you fly your College Colors in the most unique way. You have to stay tuned for this when we come back, stay tuned. She loves a lot of the same things you do. Its what you love about her. 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Competition, intense competition, and the mobile market was very interesting. How do they plan to revolutionize the market . We have seen weak demand, enterprise demand and