Markets now. Connell it is good to be with you on markets now. We will get to steve forbes in just a minute. We begin with stocks now. The dow is up a little bit. Adam shapiro is on the floor of the new york stock exchange. Adam good morning. The s p is still in negative territory. Apple is up over 2 . Just to give you some idea of who is winning and who is losing on the dow, cisco and ibm. Connell thank you very much, adam. The irs is still targeting tea party groups. Steve forbes says forget about it. Lets get rid of the irs altogether. Thank you for coming in. I think there is a growing consensus. I think we can get rid of it all. People realize it is beyond redemption. Given these scandals, why not just start all over. Start with a new culture, new tax code. Connell the flat tax. You have been talking about it for years. A lot of people support you. They think it is a great idea. It is very difficult in the current system, in washington. 30 countries around the world have done it. The only way you do it is by getting a mandate from the people. That is what i think the 2016th election is about. It will be a major issue. Connell we will talk in the next section of our show about how this poll is out. With the Current Congress in the setup of the Current Congress, getting them to go for Something Like this, i do not know if counterintuitive is the right word. 3 if you left washington to their own devices, they would make the code even more complicated. They benefit from the system. The only way you change it is through elections. One thing congress has done connell paul ryan has already been advised president ial nominee. Is grand paul a serious candidate for president . I think it is wide open for 2016. Connell he is not just the type of guy who shakes up the race. He will be running to win. I think other candidates will be on the side. Yes, i think he definitely will be running. I am an agitator. Connell we love having you on always. Thank you very much. Mark it is down. We have the date for the new iphone. It will be announced on the tenth of september. Some reports indicate that there may also be a gold colored option. Also a fingerprint sensor for security. There is the stock today. Up by 2. 5 . Blackberry has formed a special committee to explore strategic alternatives. This is Elizabeth Macdonald bottom line. She joins us now. What are the options that the special committee is considering they are talking about joint ventures. The guy to watch here is the gentleman by the name of timothy. He has been appointed to blackberry. He is overseeing and running the special committee to pursue the options for blackberry. The thing to watch here is what will be his thinking on what to do with blackberry. It is a big deal for this company. They may want the mobile phone handset business. They would break themselves up. What would be the price tag for blackberry . We know that the stock is down. They would take a lot of cash to bring this thing private. They could possibly see a breakup of block very. Split into two businesses or more. That is where it stands right now. This is a developing story. Connell even if blackberry becomes, i do not know if joe is the right word, there are components of this business that still has a lot of value. Yes. It does not seem to have any kind of a business model. It needs the business model. Back to you. Connell they are taking a break, but should they be . Many people believe that congress should not be on vacation right now. Elon musk expected to make an announcement. It sounds crazy. We will explain or try to coming up. Cracker barrel has a new deal with clint black. Stay tuned for that. A look at oil prices today. A little bit of a drop. We will be right back. [ male announcer] surprise youre having triplets. [ babies crying ] surprise your house was built on an ancient burial ground. 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Talking a little bit more about this in talking about those initial numbers. If you ask the public should congress be paid, you would get pretty similar numbers. I would not necessarily interpret that meaning that they Want Congress to actively be working during the month of august. Connell he has been talking about this flat tax forever. They have to win elections on ideas. The Republican Party right now is sort of out war with itself. Connell we were talking about whether brand paul was a legitimate candidate or not. If you look inside, the numbers show the republicans are more unhappy with Congressional Republicans than democrats are with congressional democrats. To me, that is good news. It says the Republican Voters are more unhappy. They are not as likely to fall into like step. We have had republicans fighting one another. Connell you will be following this very closely. A lot of you people are attracted to the libertarian notion. What type of party do you think emerges . It is completely unknown. They did not gain any new members. The status quo does not work anymore. Connell they had their chances. Good to see you, as always. We do have some positive reviews for linked in. Back to adam schapiro. Adam that is right. They hit another 52 week high today. They have been upgraded to a buy. One of the reasons they did that is because there were several unexplained growth opportunities. The stock is up 108 . Again, twice they have had 52 week highs this morning. We will see where they go the rest of the day. Connell you will see it right here on the fox business network. Traveling from new york to l. A. And 45 minutes. We will show you how coming up. A look at the world currencies today. How everyone is shaping up against the dollar. We will be right back. If youve got it, you know how hard it can be to breathe and ma you know how that feels. Copd includes emphysema and chronic bronchitis. 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A florida resort collapsed this morning due to a sinkhole. Authorities arriving at the building yesterday and heard popping sounds and found windows breaking. Jurors are into a fit day of deliberation. 832 counts of indictment accuses him of many things. Commuters in San Francisco still have a way to get to work. Those are your News Headlines on the fox business network. Back to connell. Connell thank you very much. We have a lot more coming up this hour alone. This deal is now garnering attention from smaller shops. Diane macedo has more on this. Diane one david in this whole story is apparently celebrating. It does create the worlds biggest marketing company. It has competitors wondering what this means for them. Two companies are not worried. They took out a highprofile billboard right by the space needle. They created this and said they wanted them to know that we are happy for them. Hey word added that it is all in good fun. They do have friends at both companies. Publicists collectively have 35 billion in market capitalization and 250 subsidiaries. It is to better compete with Companies Like google and facebook. It will give them more leverage when buying advertising. The companies have made it very clear that there will be strict firewalls. You have to wonder if those clients really will trust it. Connell what could possibly go wrong. Very creative. Diane, thank you very much. This new technology that will take you from new york to l. A. , elon musk will make an announcement about it shortly. Using Eminent Domain as an answer to a foreclosure problem. This is something making many people angry. We will explain it. First, some winners today in the market on the s p 500. With the spark miles card from capital one, bjorn earns unlimited rewas for his Small Business take theseags to room 12 please. [ garth ] bjors sml 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 serve limited reward heres your wake up call. [ male announcer ] get the spark Business Card from capital one and earn unlimited rewards. Choose doue miles or 2 cash back on every purchase every day. Whats in your wallet . [ crows ] now wheres the Snooze Button . Connell here is what we still have coming for you on markets now. Elon musk will unveil his new travel design. We have been building this up for you. Jo ling kent has her report out in colorado. Replacing bernanke. It looks like the short list just got a little bit longer. The foreclosure problem. Quite the controversy with the banks. All of that still to come. New york to l. A. And 45 minutes. Lets go to tesla. It is pretty incredible. Trading down 3. 1 . Remember in the last quarter, tesla outperformed. They exceeded the number of model s. They are well on their way to delivering more than 21,000 tesla vehicles this year. Connell forget about the flying car. Elon musk set to unveil the future this afternoon. Jo ling cant joins us. Imagine going from new york to l. A. And 45 minutes. Or the east coast to china in two hours. I know that would be a game changer. Elon musk has specific interest. We have an incredible model here of what it may look like. Yes. You get a sense of the amount of volume and comfort level. Why dont we have a seat and check it out. We are sitting in this comfortable seats. This capsule, once we get loaded in here, well go through and airlock into a tube network and accelerate like a car accelerating onto an on ramp. It can be routed automatically through the network. It hosts just like a space capsule in orbit. That is so cool. The equivalent of a 40 lane freeway. That is amazing. We are sitting in this capsule right now. I have road on my fair share of trains and planes and automobiles. How would it actually feel in action . Once it is coasting, youll feel like you feel right now. There is no friction in space. The most proven form of travel in the universe. We are just bringing this space travel conditions down to earth. You and your company has been working on this technology for more than a decade. What does it mean to have someone mike elon musk behind the company . It feels great to have someone talk about the Tech Knowledge he. How soon do you think we will be able to travel across the country. We think this will be a big boost to the airline industry. They will not cross oceans to hawaii, for instance. Thank you very much. Connell, we will take a quick trip to new york. We will see you in about 30 minutes. Connell this would be a great tease and then joe would be sitting next to us when we come back. Hopefully in a decade or so. Connell very interesting to listen to. Next story here, the mayor of richmond, california says she will not waiver. This can be very important to a lot of people. It could take action against the city. This could be very important to a lot of people. They want to take away these mortgages that they hold. This is for a public good. You have to pay fair value for it. They are afraid they would be getting less than what the homes would currently sell for. Bondholders are saying wait a minute, you will use Eminent Domain to take something from us for less than it is currently worth. That does not seem fair to them. Connell you started to explain a minute domain. Generally speaking, taking private property for public use. Exactly. Normally it is used to take houses or property buildings. In this case, they are taking intangible properties. They claim that this would serve the public good. There is a precedent for that. Investors are really upset about this. They do not like this plan. They are saying that if the city of richmond moves ahead of this, they will charge borrowers. Connell where are we and all of this . If you do not want to voluntarily release sell them to us, then we will use them and Eminent Domain. It may take a little while for that litigation to play out. We will see what the courts decide. Connell date time ramifications, potentially. They want to be the first city to do this. It will be interesting to see how far this goes. Connell you could be down in california in 45 minutes. Thank you. Replacing bernanke. The president facing more talk about this decision. He may be adding names. We will talk about this coming up. We will talk to clint black, the new Country Music singer. The economics of the music business and how things are changing. The Companies Board is considering a sale as one of the possibilities going forward. Blackberry, more on that coming up. We will be right back with more markets now. Make it happen with the allnew fidety active trader pro. Its one more innovative reason serious investors are choosing fidelity. Get 200 free trades when you start using active trader pro today. Hello everyone. Dole food company has reached a deal. The 13. 57 share takeover price tops the author. Growing at a slower than expected rate in the second quarter. It is below both of the forecast. Pinnacle is announcing it will buy the wishbone salad dressing. That is the latest from the fox business network. Giving you the power to prosper. What . Customers didnt like it. So why do banks do i hello . Hello . if your bank doesnt let you talk to a real person 24 7, you need an ally. Hello . Ally bank. Your money needs an ally. Connell the big debate has to be Larry Summers or janet yellen. Speculation of a mystery candidate that could really shake things up. You think there really is a mystery candidate . I think the white house wants a list of at least four or five names to choose from. He is a very good economist. He has that experience. He said ferguson should be the chairman. Connell what do you make of this summers versus yellin stuff . A lot of negative stuff about Larry Summers. A bigtime economic advisor. Now, supposedly, everybody hates him. A big story talking about these Financial Services jobs that they have had. What is interesting is you read them all and you say that is not so bad. He is in an advisory role. He refused to lobby. This is exactly the kind of experience you want to see. Connell they have never forgiven him during the clinton administration. They would like to see janet yellen. How about the fact that he cannot quit wall treet . Connell what will the differences be . Will there be real big differences . I think that there would. It is truly democratic. Everyone has a voice. All positions are group decisions. If it were summers, it would not be immediate. It is a very different approach. That is the way he works. I think the president is clearly leading to summers. He has defended him. The fact that even on friday he came out and said we do have a mandate. The feds job is to impose inflation. Connell always good to see you. Do you think the economy is all right . I think that the economy is still sluggish. I think it is part of the reason you see the stock market stuttering right now. There is a 2 growth. Connell we will talk about that the next time you are on. Lets take another look at blackberry. Talking about the possibility of a sale. Pretty good for the stock at least. Adam keep in mind what has happened to blackberry. Today, they have 3 . Apple had the iphone come out in 2007. They are forming a special committee to explore strategic alternatives. Some are putting the value at about 10 a share. They are up to date almost about 5 . The stock has been down year to date so dramatically. Connell thank you, adam. The guy headed into our studio is a bigtime Country Music star. Clint black will be telling us about how he and Cracker Barrel partnered up. Clint black is coming up. Stay tuned for that. Before we get to that, but take a look at some of the winners on the nasdaq. Peace