Stocks down, worrying about a pull back from the Federal Reserve. Is this what the month will be like . Adam, answer me that. Theres been a lot of people who have been talking about a four to 8 pull back, a correction. Who is winning and losing . The s p down ten points, dow down 70 points, but leading the charge on the dow, at least some to the positive. United technologies, chevron, merck, they are up now, but the big losers on the dow this morning, disney, lone ranger, two words, zinger. You know it. Bank of america down from the lawsuit, and home depot down, but disneys the loser on the dough, responsible for shaving off 15 points. Dagen thank you so much, adam. Good to see you. Well see you shortly. Meantime, the president is not studying down for a oneonone with the russian president putin while in the country for the g20 summit next month. Last night, the president offered this tape to jay leno on our relationship with russia. Listen to this. Theres there have been times where they were in the cold mentality, and what i say to them and putin is thats the past, and, you know, we have to think about the future, and theres no reason why we shouldnt be able to cooperate more educatively than we do. Bringing in michael, senior political analyst at the washington examiner, a fox news critter, michael, standing up to russia, finally; right . Well, finally president obama came to office, pledgedded for a reset of relationships with russia. He evidently had the view then that president bush is a texas primitive mindless conservative and adopted cold war abuse and repelled the modern up to date russian. Looks like he had something of an education. President bush had a positive impression of putin when he met him as he related to the book decision points, and clearly changed his minds. Its taken president obama a little longer to do so. Dagen is it a waste of time to go to the g20 summit all together, michael . Well, is it a waste of time to go to the g20 summit . Ive never been to a g20 summit, so i have not dagen for the president. Its probably a waste of time. We have, you know, its an odd collection of countries in here. We got argentina in there as one of the supposedly most developed countries in the world, which is pathetic joke, sorry to say, sorry for the people of argentina, and russia is the host, which is become kind of a thugocicrity, but it gives the president the opportunity to cultivate personal relationships with other leaders, and that could be useful for him to do. Dagen in terms of our frosty relationship with russia, what can unthaw it . Is there anything . Do we need to worry about that . You can pick up a host of problems and issues we had with the country in recent years. Well, president obama came to office assuming if he kissed the nether regions of putin, he would be rewarded, and putin would be a handsome prince or something of that equivalent. He did the kissing, but the nice president putin is still missing. We abandoned Missile Defense installations in poland and czech republic, two countries pursuing democratic courses, very good friends of the United States, hillary clinton, secretary of state, placed a call to the president from poland at midnight, refused to take the call, and i dont blame him a bit. The idea that if we were nicer, sweeter, made concessions to putin, his russia would be our phren was a fallacy from the beginning, and it appears that president obama has finally figured that out. It took him longer than it took jimmy carter to learn about the communists. Dagen ments to avoid another photo op like in Northern Island sitting in the chair next to putin looked, well, laughable, absolutely laughable, was it not . Well, its, you know, russia is a much less important country in the world as it is today than 25 years ago when it was one of two nuclear antagonistic superpowers. Its got half or less of the population than it did then. Its economic heft, unfortunately, is not strong, and its exports oil and natural gas when u. S. Production of those things is now increasing, and we never needed a reset with russia, and this president has awakened to that rather late in the game. Dagen michael, great to see you, thank you so much for the insight, michael, be well, see you very soon. Thank you. Dagen so half of the Residential Mortgage holders in california are underwater, so the city come up with a new idea to prevent these people from going into foreclosure. Imminent domain. Essentially, the city just takes the loan from the banks if the banks are not willing to work with the city to modify them. This is something that will surely i dont want to say cause temperatures to rise, but end up in courtrooms everywhere. Legal analyst for fox news, bob, its not just richmond, but theres other cities moving, i think, el monte, california is looking at this. Where do they get off . I mean, is there a legal leg to stand on to do this . Well, the courts are going to decide, dagen, to be honest with you, because this comes from the decision back in 2005, 54 supreme court, that sort of allowed private enterprise, if you will, to enter the business of imminent domain. They say, look, lenders, you people, talking about the wall street loans, by the way, not fannie or freddie, you are not willing to reduce, we have blighted areas, we have to save the city, no property taxes, things like this. They believe, municipalities believe, in fact, they have the power under imminent domain, and thats challenged in the courts, believe me. Well, theres, no north las vegas, where you are, correct, they have moved to do something similar. Are you hearing outrage in your community . Theres already a lawsuit filed by a lawyer over there, greg smith, who basically said, listen, this action to be even considered by north las vegas, and this is similar, by the way, dagen up in Northern California and other municipalities, an abuse of imminent doe nan, violates the taking clause, a due process, all legal things, and bottom line, its a haven for lawyers thats going to be going around for a long time, and to be lonest with you, the 2005 decision from the supreme court, honestly, dagen, that started crony ill, allowing for corruption. Thats the issue here. What happens, is private investors comes in to buy the loans, and if, in fact, they get the properties, if the homeowner cant qualify, they sell it to somebody else. They will short sell it, and, in fact, the municipalities make money, and everybody makes money going in and out, so they say its right, but i dont think imminent domain applies here, honestly. It goes to the supreme court. Dagen whats odd, the towns doing this now, is the Housing Market is beginning to recover, and many underwater mortgages just with the price depreciation are not underwater any longer, but it kind of i guess it goes to your point that theres other motives at play here, not just rescuing homeowners. Well, you know, if barbara was hearing this, you know, i used the word bubble, and i think its fictitious because, for example, in las vegas, theres no inventory. If theres no inventory, dagen, the prices go up. Talk about municipalities the, north las vegas, a blighted area, richmond, a blighted area. Areas going up are not the areas we are talking about. Heres the other downside. Dagen, you own a home across the street from where this is happening, an fha insured loan. Guess what . Your values under, who saves you in nobody. When they do these deals in the declarement of domain, your values are equally affected by it. Its not fair. Thats under the equal protection argument they argue here in front of the courts. Dagen bob, good to see you. Thank you so much for weighing in. Always. See you soon, bob. Thank you. Dagen Health Records at risk, security lost in the rush to get the president S Health Care law up and running. The most under appreciated jobs in america. These are people who are irnd under paid for work they do. Teachers and Police Officers should be on the list, but youll be surprised at the other jobs. Mannings back at it prepping for the nfl season, but they had time to do this commercial for direct tv. You cant hear it, but you will shortly. It is ridiculous. Take a look at the oil markets, tom is coming up to talk gas prices. Thats not necessarily good news at 104, nearly 105, but gas prices are looking good. [ 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. 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D its giving the internet the room it needs to grow. This is gonna be big. Hp moonshot. Its time to build a better enterprise. Together. Dagen time to make a little or a lot of money. Shares hitting a new high. Ill take a little. Under a little pressure, all morning long talked about the pull back. Dagen you call him stu . When hes not around. Dagen i can think of things to call him. Siennas making the breakout, and its going to catch your attention. I like to see a close above 23 , but this is what happened over the last four quarters. A year ago, they missed the street by a hundred percent, beat by 19 it , and last time, beat by 300 . Something of a trend going on there. Networks, by the way, this is a networking play, old school, used to be a hot stock, packing networking coming on strong the last three quarters, converse, the u. S. Business, rail impressed. U. S. Business, the last four quarters, better revenue, margins are expanding, and i think this is one of these stocks that you look to chase, and, ternal, standing up big time to me, 23, up to 27, 28 dollars, not difficult for it to do, so it used to be a hot stock, the business is coming back. Dagen this is what august is always like, is it not . Pretty sloppy. Dagen unless theres a major market moving event like the debt ceiling fight. Summer dull drums have officially begun. Thats more this than anything else. Earnings season over, jobs report over, fed tapering thing, listen, anyone out there that doesnt think they will ultimately taper . Thats not the issue. To me, its when they raise rates, and thats still two years down the road. Dagen all over it making you a little and lot of money. Zillow a big hit after a Second Quarter loss, but not all bad. The president set to answer questions on the website this afternoon, adam is watching the shares, talking about housing. I mean, thats where you go. Yeah, no, they are actually down today about 8. 5 . You know, their 52 week low for zillow, 23 a share back in november of 2012, trading well above that, as you see, 82 a share, and although they missed on earnings, revenue up, 69 , they had revenue in the last quarter, 46. 9 million, doing well on that line of the report, but what you talked about, the president , at 1 p. M. Eastern, going to take questions. Its a live q a on the zillow website. By the way, most people check in on zillow on mobile devices, over 60 . If you believe the estimate, hey, type in your address on zillow, and they say what you own, your property, is worth more than the market might say. Back to you. Dagen thats right, exactly. Adam, thank you so much. How long do you want to live . What age . A new study brings us the ideal age for most people. Your records at risk, why the rush to implement obamacare put security on the sidelines. Look how world currencies are fairing against the greenback today. With the spark miles card from capital one, bjorn earns unlimited rewas for his Small Business take theseags to room 12 please. [ garth ] bjors small busiss earns double miles on every purchase every day. Produce delivery. [ bjorn ] just put it on my spark card. [ garth why settle for less . Ahh, oh [ garth ] great businesses deserve limited reward heres your wake up call. [ male announcer ] get the spark Business Card from capital one and earn unlimited rewards. Choose double miles or 2 cash back on every purchase every day. Whats in your wallet . [ crows ] now wheres the Snooze Button . 21 minutes past the hour, im heather with your fox news minute. President obama will not be meeting with russian president putin next month. That meeting was canceled because of russias decision to grant temporary asylum. To the nsa leaker, edward snowden, president obama still plans to attend the group of 20 economic summit held in russia, but he will not meet with putin. Security Officials Say that suspected u. S. Drone strikes have killed seven alleged militants in southern yes , yee day after u. S. And britain evacuated Embassy Staff due to a threatened attack. The Cleveland House where three women were captive and raped for more than a decade was torn down earlier today. Those women escaped back in may when one of them broke down part of the door and then was able to yell for help. That demolition is part of the deal that sparedded armon castrm a death sentence. Hell spend the rest of his life in prison. Back to you. Dagen great to see you, heather. Data testing security for staterun Health Exchanges could leave your personal information at risk. Our rich edson in washington with more on the story, and Everything Else that keeps going wrong with obamacare, way do you know, rich . This is a massive undertaking, dagen, the Health Care Exchanges to sign up for obamacare to be up and running by october 1 st, and a new inspector generals report says they will do the final testing to ensure the data is security the day before. This is from the ig report saying if theres additional delays, and completed package, the cio may not have a full assessment of risks and controls needed for the security authorization decision by the Enrollment Period expected to begin on october 1 st, 2012. Now, hhs and cms say basically, this analysis was done three months ago. They made vast improvements since then, and in a statement, cms says cms prioritized reviews of the audit report confident the hub will be operationally secure, and it will have an authority to operate prior to october 1st, 2013. One analyst says all the coordination between Government Agencies is complicated. Theres a lot of wild cards on this one, and the fact that states are involved heavily in implementing these exchanges, a lot of states have been gungho to set up exchanges, and they have to face the fact they are not able to get the i. T. Systems out the way they thought they were going to, the federal government is stepping in to help them out and push them over the finish line and get things ready. Though, dagen, as he put it, he says that the government has the best geeks in washington working on this one. Back to you. Dagen i would, you know, you opened the door for me to make a joke, rich. Thats what i did. Go for it. Walk through it. Dagen rich, i love you. Come on. Dagen love you man, thanks, rich, rich edson in washington. Greatest reward is not always money. Some of the most important jobs in this country do the most for the communities, but pay the least amount of money. Business insider ranked the top 16 lowest paying jobs that make the world a better place. Making a list, a crime scene investigators park ranger, soldier, social worker, and coming out at the top of the list . A sign language interpreter. Thats rights. Would you want to live to be a hundred . How about 120 . That could be possible one day as scientists work to create treatments that could slow the aging process and allow humans to live longer than is normal today, but according to a poll done by the research center, 56 of americans would not want to live to be 120, arguing that puts a major strain on natural resources. A child born today can expect to live to be 78 years old. Ideal life span of the polls is 90 years of age. Come on, go for the hundred; right . Triple digits. Lets do this. Gauging the gasoline market, no one knows gas prices better than tom, and, finally, hes here in studio with me. Cant wait for that. The manning brothers teaming up off the field for a new ad that, well, its just plain ridiculous, but well show it to you. 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The the battle over cbs and time warner cable, the dispute over money thats disappearing from the market. Shares of aol jump after the Company Announced acquiring video programming company, adapt. Tv. They are looking at the shares. You got mail, aol is targeting more video advertising as people go to mobile devices and wa