Sarcasm to start the hour. Talking about egypt dagen im personally excited youre here and you were not here for a number of days. Connell speaking of which, nicole at the New York Stock Exchange to start the hour. Good morning, nicole. Good morning to you. We are seeing markets with up arrows again. We had two full weeks of trading with up arrows, and these two days weve seen thus far also showing gains. Were not too far off from the closing high of 15400andchange, the dow up to 57 points, names gaining, and the dollar is higher. Tenyear treasury, 10. 62 . You have a lot of names on the move today, some really names coming under pressure like soda stream, groupon, and zinga. Back to you. Connell thank you. Dagen the Muslim Brotherhood rejected a plan to see president ial elections early next year. Connell from fox news in cairo with the latest, connor . The political crisis deepening. Yesterday, 50 killed when they opened fire on the Muslim Brotherhood who said they participated in a peaceful protest, and the military, however, said they were attacked by socalled terrorists, but 50 people killed, more than 400 injured. Today, they began varying some of those that were killed as the military and the proMuslim Brotherhood groups continue to clash around town, although, nothing particularly violent, though. Theres reports of minor scuffles around town, and at least one bomb diffused in geza, not far from downtown cairo where im at now. Other things happening around here, the interim president laid out a road plan to transition to a democratic civilian government calling for elections in about six months or so for the parliament, and a few months after that for the president. Theres rumors a new Prime Minister will be named here in the next few hours and a Vice President. Although, theres a lot of names floating around right now, and the negotiations are still ongoing, but so far, the Muslim Brotherhood rejected all talks about a transitional road map. They are refusing to be part of any type of new deal going forward. They are calling for allout revolution against the military here, connell. Connell connor powell, thank you, pleater appreciate that. Bringing in kt mcfarlane, fox news security analyst here, and phil flynn out in chicago. Theres one thing crossing on the wisers, guys, that the armed forces is about to issue a statement. Maybe theyll Say Something while we are talking here. We have to focus on the money angle to start off, kt. Theres a debate in the country whether to keep sending aid to egypt. It centered around whether its characterized, what connor described, as a military coo. Where do you stand . Dpl its about following the money in several directions. Coo schmoo. Okay, they deposed a democratically elected guy, but hitler was democratically legislated. Hitler went about dismantling democracy after he was elected. Thats what morsi was doing, dismantling democracy. We should continue aid. The more important money to watch for is the saudi and gulf money. When morsi was elected, the first place he went to iran, saudi arabias arch enemy, made nice with iran. The saudis were angered and shut the checkbook. Egypt is in economic free fall. If they are not bailed out by somebody, and ours is not enough, if its not saudi arabia, the wealthy gulf oil states, they are starving by the end of the year because they need the money to import wheat to feed the people. I was fascinating by the two people running egypt. The defense minister closed tied with the saudis. He was a Defense Attache for a number of years. Lets see if money shows up. Connell the United Arab Emirates gave 3 billion to the egyptian, theres some money thats interesting. Yeah, which was not before. Speaking of the importance of saudi arabia, and i want to get to phil quickly, phil, to ask you, oil at almost 103 a barrel. What would it require to send oil prices significantly higher from here . What would we need to see happen . Perhaps a threat in the s urges e suez canal, an attack on the pipeline, all of which Impact Oil Prices dramatically. Theres been risk premium in the market. Because the canal is on alert, thats priced into the market, but the reality is if things if we get a little bit of relative calm, well take that premium back out of the market, but if you see the disruptions right now, the other thing for the global market, egypt is seen as a safe haven, transit area. You know, in times of stress in the middle east, if we have problems in any other country in the middle east that heat up at this time, that could make premiums go up higher. Dagen thanks, phil. Kt, you dont see that happening, do you . Look, ive worried about the canal for two years. Its a very as a vulnerable pla, 120 miles long, a oneway street, not wide enough for two lanes, theres one lane and a passing lane. If something happens in the canal because guess who set up shop in sinai there . Its alqaeda. If they match up, youll see the peninsula used as a staging ground for attacks, terrorist attacks on egypt proper and on the s org suze canal. Connell what can we hope for . That egypt stays alive creating an economy to recover and, finally, follow the money. Dagen always. Connell and the money coming in. Kt, thank you. Dagen kt, thank you so much. Connell going to the markets now. Forget about Everything Else right now, and Pay Attention to china. Remember a few weeks ago, there was a selloff when China Central bank indicated they might pull back on stimulus . Well, the chinese ben bernanke, the guy named jao shook it up, he really shook up the world markets. Dagen thats right. Theres new information out, new numbers, that basically backed the central bank in a corner, if you will. We have more. Jo . The data came out underlines the fact the chinese economy is slowing down. The inflation rate rose from back in may, and look at this. We see a rise in inflation year over year, and this has investors looking squarely at the Second Quarter numbers released monday. Consensus expectations are for growth of 7. 5 year over year, and that would be the slowest rate in 23 years for china and the second consecutive quarter of decline. Now, asian markets still closed higher, despite bad news. Just a day earlier, there was a selloff over concern of the slow down. Today, the nikkei surged, and the south korean kospi up, and the hang seng index up half a point. Looking ahead to 20 14, economists who are bullish cut estimates already for next year saying it could sink as low as 6 with a lot waying on how the Chinese Government deals with the credit crunch an monetary tightening. Dagen jo, thank you so much. Of course, this news comes a day ahead of our own Federal Reserve releasing minutes from the last meeting, theres another speech in front of Congress Later this month, and what to make of this, chief investment strategist, we have to worry a lot more about ben bernanke and our own Federal Reserve. Is that safe to say . I dont want to say forget china, but lets do for now. Well, china, the figures over there, dagen, i dont trust the figures. The aggregate consumption figures do not put up with the retail numbers. The survey techniques do not keep up with the Rapid Development of the service sector, and the surveys do not capture the weltiest spenders if you will, and the ones it capture, they lie about what they spend. A lot of transactions take place in cash. I dont put a lot of emphasis on the numbers from china. Dagen do you put a whole lot of emphasis on the buoyancy in the stock market . Well, you know, im constructive on equities dagen constructive . How about negative . Youve been negative. Oh, ive been positive on equity markets until the middle of july. Ive targeted the middle of july for the past two months. The minor appointments are july 11th, 12th, and major timing point is july 19th. Were subject from here on out into next week to the start of the first meaningful decline of the year. Yeah, thats true. Dagen what about what worries you the most . If you looked at, say, how this kind of smaller Big Companies if you will perform, the nondividend paying stocks, have been performing, would you would you be more apt to buy dividend stocks even though Interest Rates look to be rising . I think the Interest Rate thing is overdone in the short term. I think rates come down. Ic the markets misinterpreted the statements. That said, i do like dividend paying stocks. B spoke with a piece over the weekend, one of the old stock markets saws that i learned back in the 70s is when they start running the dogs, you look over the shoulder, and if you look at what the b spoke people wrote and the different sectors and Asset Classes they wrote about, they run the dogs. Were building for an interimmediate term stock. Dagen you would stay away from the financials expecting pronounced weakness there, yes or no . Well, yes well, not in the in the near term, yes, in the longer term, no. The Balance Sheets are in better shape than in a long time. Dagen but near term, you dont like them . Near term, i dont like them. Dagen jeff, thanks. Pleasure. Dagen as always, stay cool. Connell we are just about to head out to San Fransisco, and the airport there, to get an update with the new developments on the asiana aircraft crash. Dagen who is flooding the u. S. Housing market . Buyers from china. Liz macdonald has that story. Dagen stocks now, the ceo of barnes noble goes byebye, annie coal is all over the story. This is one worth looking at here. Barnes noble, the first thing you think of is the nook ereader and their Digital Division which really has failed to compete. I mean, we know that the ereader, the nook, had lackluster sales, certainly doesnt compete against other tablets and ereaders, just part of the problem for barnes noble coupled with weak same store sales, and with that, the ceo steps down, william lynch, stepping down, resigning, and, obviously, now, well see what goes on. Theres a handful of executive changes, and, today, the stock is not moving up on the news. Its a stock thats done well year to date. I think some of that was because of some acquisition or takeover talk, at least in part by microsoft and other names looking at at least at the nook, but for today, its all about the ceo stepping down because they just didnt cut it. Back to you. Dagen nicole, thank you. Connell going to the San Fransisco plane crash as investigators hope to get answers today. They are questioning two more pilots in the cockpit. Dagen fox news is in San Fransisco with a lot more. Hey, adam . Hey, yeah, in fact, the ceo of the airlines coming in to San Fransisco today to help oversee the investigation or watch it from their level, and, also, officials from not only korea, but china came here to take part or watch the investigation take place. The ntsb is good about updating us with a press conference later today. Yesterday, we had a ton of information. They spoke with two of the four pilots in the cockpit. They mentioned the plane was coming in significantly lorer than it should have been, 40 Miles Per Hour slower than it should have been the the pilot that crash landed the plane was landing in San Fransisco for the first time on a 777, and he only flown 4 p hours, and now the person oversees him, it was his first time overseeing another pilot in that position so two very green people in the positions were at the front of the plane when it crash landed in San Fransisco saturday night, but having said that, the ntsb will not jump to conclusions ensuring the investigation proceeds normally. Take a listen. Really, were looking at everything now, all of the issues on the table, and were two full days into the investigation, and so when we identify issues in an accident, its usually not just one thing that causes a crash, and so we need to make sure that we are considering everything, and we connect the dots. Basically, it shows that everything is not always as it seems. Theres the chance its a combination of human error and technological error, but we wont know for a number of month z as they continue to invest gait, guys. Connell live in San Fransisco for us. Dagen stunning story. The chinese scooping up kensive expensive homes in the u. S. With cash. Connell foreign money in the real estate special on markets now, and the irs accidently posting tens of thousands of Social Security numbers online. Dagen oh, yeah. Connell oops. Before we get to any of that, we look at numbers for you up to date on world currencies, how they are all fairing against the dollar. The most Free Research reports, customizable charts, powerful screening tools, and guaranteed 1second trades. And at the center of it all is a surprisingly low price just 7. 95. In fact, fidelity gives you lower trade commissions than schwab, td ameritrade, and etrade. Im monica santiago of fidelity investments, and low fees and commissions are another reason serious investors are choosing fidelity. Now get 200 free trades when you open an account. At 22 minutes past the hour, im Patty Ann Brown with the fox news minute. In arizona, Vice President joe biden will be among those attending a Memorial Service to honor 19 elite firefighters killed on june 30th battling that Massive Wildfire northwest of phoenix. The service is expected to draw thousands including firefighters from across the nation. The three women held captive in cleveland homes for as long as ten years are speaking out. In a video posted to youtube, amanda berry, gina, and michelle thanked the public for the encouragement and support. Castro, arrested for raping and kidnapping the women pled not guilty. Nsa leaker Edward Snowden agreed to the offer from venezuela for political asylum. Hes believed to be in the transit zone since june 23rd. Those are your headlines. Now back to dagen. Dagen thank you. Connell back to china. Chinese buyers pouring into the u. S. Housing market and buying like never before. Dagen where they are buying may surprise you, but liz knows, and shell tell you in the bottom line stating that is most attractive to those in china. Its florida and california. Show the map. Youll be surprised at where else they look, where they pour into u. S. Housing. Its also arizona, texas, new york, and you see nevada and georgia and north carolina, and, guys, heres whats interesting. Talk about california. More than after of the homes sold to foreigners in the state of california are not going to chinese buyers. What happens is main land, hong kong, taiwan, foreign buyers from china buying houses across these states, and they are industrialists, tycoons, paying top dollars, 70 of the deals from china are all cash deals. They are spending about 425,000 median on buying homes. They are buying topdollar properties. Basically, thats 30 , 40 higher than what the median has been across the country, and so while china is still second to canada in terms of the foreign buyers coming in, they are buying in the states, buying resort properties as well, guys. Its really an Interesting Development that the National Association of realtors are saying that china is the fastest group, growing group, of foreign buyers of u. S. Homes, and im going to toss it back to you guys. Dagen thank you so much, liz. Sure. Dagen proof what the Federal Reserve has done with Interest Rates between the foreign buyers and financial buyers like the hedge funds, the average home buyer is off because of ben bernanke. Connell china specifically, canada doesnt count, ey, you know what i mean . Dagen going to get canadian hate mail. Connell no, they are so close to us, they dont count as being foreign. 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