News. Big picture, watching the housing numbers showing good news for multifamily homes. Less so for fan vote Single Family homes which is less great news ultimately. The one week jarred, the fact of the dow is down over 2 . A lot of that, tough news from walmart. Bouncing back a little bit. Down about 2 for the week. And actually month today also down just over 2 . A lot of that really just coming from this week alone. Our steepest weekly decline in about four months since april. Lori will see you in 15 minutes. Tracy fears of the fed tapir leaking into the bond market pushing the ten year yielded near twoyear highs. My next guest says investors may be right to be concerned. Quickly running out of excuses not to taper. The director of fixedincome strategy. Nice to me you. What is behind this of yours . The fed is quickly running and of excuses not to taper. Think of it as a check sheet where theyre marking things off as to whether they should taper or not. As the day continues to come out is increasingly showing the economy will pick up in the second half, thats going to be there primary driver, the employment number. Thats where talking about with that statement after the jobless claims in state. Its another one that they checked off to win the taper is pretty much coming. Lori were seeing bonds continued a selloff, the 10year yield of a level of 284 . At 2 percent loss for stocks this week. The markets are adjusting exchange. Lori is there a difference in view point . The socalled plunged into letties coming in after managing the tapering before the year is out . They have effectively severed cutting intake bring themselves already. I think the curve is too steep this point command the 10year yield is to lie giving the tame Inflation Expectations and the environment and lackluster growth. The bond market wants to get ahead in the fact of the taper ahead of them. Lori you drama around this term tapir so easily. Lets talk specifically what that means. If the Federal Reserve is buying 80 billion worth of bonds right now and it cuts the price level down to 65 billion, what does that mean effectively in what kind of impact does it have on the economy . 45 billion of that is treasurys. 20 billion might be too aggressive. Will probably say 20. That is effectively the fed not coming in and supporting the market. So you take 45 billion. Thats less buying power. Essentially it lifts the yield higher. Thus the tapering. The scaling back of the 85 billion in purchases to 70 billion or 75 Something Like that. As the caper. The markets ability to adjust that is what youre seeing. The consternation we have been seeing is that readjustment, the three calibration as to this new paradigm. Lori to you think it has been effective . Were still looking a just rant 2 percent growth. You suggest the economy will strengthen, but this is the best that the economy can do. I think qe1, too, and the first part of three which effectively ended the beginning of this year or effective. The extension has become an become less effective. Lori and i think higher rates will lead the economy and curb growth. It depends on how far and fast they go. Higher rates by themselves is not necessarily a bad thing. If theyre run up too fast combat can then created track which is like, wait a minute. The yield isnt too far too fast. Mortgage rates are rising in applications a fallen. New home sales, not really low expectations when in the casino as opposed to multifamily homes. Lori thank you for the discussion. Appreciate your time. Tracy the diminish in the turns. Oil cutting the early gains. Now on track to snap a five session streak of gains still near rendered 107 not per barrel. Phil flynn is in the trading pits of the cme. So many things. You have to buckle up today because we had everything. Early we were climbing a wall of worry, worry about egypt and mother would impact supply. It or read about tropical storms and the direction that they may take over the weekend as far as production. Some of those questions not totally answered, but at least we know at this point there has been no oil impacted by what is happening even with the increased violence in egypt. Flick of the tropical storm, the latest storm track as a missing link of mexico. Are actually seeing prices go down. It breaking news bringing his back. The refinery had a major glitch. Lori and then you have gold on the other side heading for its Third Straight gain. The call this morning is part of this. That is absent in the part of it. The head thing, i think were starting to believe that it may not be so bullish or bearish. If we start tapering a little bit, the stock market gets more questionable. Bond yields to rise in gold looks like a much better investment. Shortcovering, if youre buying going into the weekend , and maybe gold could be an Investment Vehicle once again. Lori who wouldve thought. Have a great weekend. Thank you. Tracy along with gold prices on a tear, the miners are shore following suit. Some of the biggest names, newmont mining, barrick gold, cold corporation, and silver, all up in excess of 10 percent this week alone, listed the gdx, the gold miner etf have more than 40 so far this week with gains upping the materials sector. It is one of the best performers among the s p sectors for the week. Lori we were talking about this earlier. Violence in egypt continuing to what protesters are calling a day of rage with more than 600 reported dead this week alone. Fox is correspondent is standing by with the latest. Reporter hello. The day has lived up to its name in the Muslim Brotherhood said it will be a day of rage. Just wait for the shots to start running ads on the street. That is exactly what happened. We have video on the ground in cairo as things develop. Tens of thousands of muslim brother had protesters started streaming into a central cairo square. We are told at least a couple of them tried to approach a police station. And number of those folks or armed, and thats been the gun battle began between security forces, the army command police who said they authorized the use of live live ammunition and deadly force to stop attacks on government buildings. On the other side you have the muslim brothers have firing back and thousands of other people, the crossfire. The latest numbers, a dozen dead and hundreds, if not thousands injured. The curfew went into place in cairo. The latest reports, despite a heavy military presence, there are still people of protesting in continuing this fight tonight as agent to sense deeper into chaos. Tracy is terrible. Stay safe. Another surprise. The new report clamming the top secret agencies broken rules thousands of times. Lori and killing vote. Marisa meyer. The debate. Fighting back on wall street, but its the parking lion that has china in an uproar. Details next. When we made our commitment to the gulf, bp had two big goals help the gulf recover and learn from what happened so we could be a better, safer energy company. I can tell you safety is at the heart of everything we do. Weve added cuttingedgetec, like a new deepwater well cap and a stateoftheart monitoring center, whe experts watch over all drilling activity twentyfourseven. And were sharing what weve learned, so we can all produce energy more safely. Our commitment has never been stronger. Lori we are all in rare form. A late august they. Forget the canary in a coal mine, how about this for a metaphor on the chinese economy. Jo ling kent on the barking that has the world scratching its head. Theyre trying to pass the sport got off as a lion in a zoo. The poor children. Sometime sometimes you know the somethings up an alliance starts barking. They swapped their african lion with a big fluffy mastiff. As if no one would notice. Taken a line to a breeding center. Families and kids quickly picked up on the poser and demanded the money back. It turns out that wasnt the only occurrence. Reports say there was a white fox in a leopard exhibit and the domestic dog in the bullpen. This in issued a public apology enough of the families refunds. By the way, have to tell you, there was this a national fad of diene paradox blackandwhite to make them look like and as. Shaving their hair. Some this is prompted another discussion. A fake economy, one of the largest generators of not of kids. Many have long questioned the authenticity of authenticity of the Economic Data, including the gdp figures. A Top University professor at it wondered if china added 1 trillion to its economy by inflating the numbers. The shanghai composite surged over 5 percent in just a couple of minutes this morning. Officials wouldnt say anything. The composite ended on friday. Lori this is just a symptom of the economic woes. Tracy taking a closer look at some of the commodities chemical was not looking good. A lot of structural problems. We will be following this story. Lori clearly you cant believe their financial statements. My favorite line in the article was the shift of at least use the husky to pretend to be a wolf. If youre going to replace animals. Tracy i think there are going for the color. People will never know. As of the rethinking. Die your dog to look like a panda. Lori my favorite children. Tracy on that note, we have to go down to our other favorite in the building. Nicole petallides on the floor of the New York Stock Exchange. Reporter was take a look at the major market averages. The dow was down about 40 points , but we certainly have some movers and worth taking a look at including pandora and jet blue airways. In a new high, up five 1 4 . Also you have goldman talking positively about pandora, a buy rating from neutral which is great news. The stock is jumping. The oneyear chared year to date app hundred 30 . Jet blue. Arco transportation, a lot of the airlines to doing well, but up two and a half basically. You have an upgrade. Another is out there tying a been making a deal here. And a Network Connection deal. British airways will be in a lot of the u. S. Airports, boston of in an orlando. Traveling abroad to europe in particular. Thisll be great for both of those airlines, and the analysts liked a lot. Tracy the biggest things in luxury vehicles on display at the concord on a show. Resident on the lever adam shapiro live from the event in pebble beach to give us a preview. Reporter hello. The 603rd year with a celebrate cars. The new jetliner is tight. You talk about the Million Dollar vehicles, 92,000, topoftheline, 060 and just over four seconds. Take a look get everything that is here. The most beautiful setting for car show in the world. You have a cadillac, the act on a luxury brand, in affinity introducing, it just went on sale last week. The q50. But then as he stretched down here toward the famous golf course and the water piquancy land rover, range rover, have become of the Luxury Brands that are represented. We will be talking with all the luxury brand makers. Coming back, we will have an exclusive with the head of design for infinity about a car that you can get that may revolutionize the way we drive, drive by wire steering coming to you from infinity. Less than 40,000. He should you and 11 million furrier earlier this month. Forty grander less like a bargain. Lori i suppose. I still would try to get that 11,000,000. 1. How can you say no to that . I guess if you dont have a choice, but its a six looking car. See later. Tracy breaking news. The lawsuit on dell has been dismissed. The court denying his push for speed. So this clears the way for a vote on september 12th. Here we go again. September 12th up. We will see what happens. Probably not too happy about this. Lori the miami mansion that hit the Auction Block after initially being listed for 1,205,000,000. And is that then the sheik . Silicon valley best dress ceo striking a pose. We will have that and some pictures ahead. Right now, 7 years of music is being streamed. A quarr million tweeters are tweeting. And 900 Million Dollars are changing hands online. Thats why hp built a new kind of server. One thats 80 smaller. Uses 89 less energy. And costs 77 less. Its called hp moonshot. And 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. 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 . And this pk is the inside of your body. See, the special psyllium fiber in metamucil actually gels. And that gelling hes to lower some cholesterol. Metacil. 3 amazing benefits in 1 super fiber. Reporter it is 23 minutes past the hour. And here with your fox news minute. The Washington Post is reporting in the document from a edwards noted reveals the tsa overstepped its Authority Member of privacy rules dozens of times every year since being given the new surveillance power by congress in 2008. The document also reveals the most significant violations included unauthorized use of information on more than 3,000 americans. In Major League Baseball commissioner announced plans to approve expanded instant replays during next season which will give managers extra time and should help dramatically reduce the number of incorrect calls made. That plan is to be voted on by the owners in november. In a more helping out your fellow driver on the road in georgia. The new rule from the state road and Tollway Authority is officially banned drivers from paying the toll for the person behind them. Some by drivers are reporting that there gets american tolls were actually being pocketed by the cashiers. As i your news headlines. Ack to. Lori thank you. Such a pleasure. Ten bedrooms, 14 careful line Swimming Pool the infamous for such a mention in south beach which is valued at 125 million currently on the Auction Block. Any word on potential buyers . The rumor is david in Victoria Beckham are interested. A very strict, fragility agreement. You have to be a major high roller because multi millions of dollars can be this mansion. The location notion drive. Lebron james is down the street shooting and nike ad. And right over there, youre on the sand. The password is, ive got money. Loans of the. 25 million as a starting bid for next months public auction of the glamorous and historic mansion in south beach. This property is one of the most Iconic Properties worldwide it is a realestate melissa. And art is everywhere. This is the master suite bathroom with its beyond king size bed and opulent outpost. Design system veteran house for himself and his famous friends like elton john mcdonough. This is our room, which features the only bathtub. Despite the ocean drive address, citing a sense of seclusion. The pool party potential, come on, 54 feet long, thousand imported mosaic tiles including 24 karat gold and my. Outside his nonstop tourists taking photos. The mansion is infamous where in 97 serial killer shot and killed of the designer and his front steps. With all the interest youre getting from people that have high egos and a lot of money, the skys the limit. Reporter on the roof, your own private observatory. The three story building. This is the courtyard. 3 million down payment of scourges to get in and then you have to prove him 40 million in capital ready to hand over a few of the winning bidder. Back to you in new york. Lori i think this to turn it into something similar to the getty villa. But an Art Collection and then open to the public. Thank you so much. It will be a shame not to let everyone enjoy it. Tracy im with you. Ive never actually. Lori it never swam in the golan pull . You just havent lived. Tracy how about this, mayoress a meyers striking a pose and this months september issue. In her first big print interviews and she took over yahoo in july 2012 should discuss the company, family, and the struggle to create a Work Life Balance saying one night i looked up on one side, my god. Its midnight and i am advised and and i need to leave. Yeah. She also talked a little shop. Her style is risen more than 80 percent since she is taken of the reins. I think she has been a little ambitious if you ask me. Lori sees the ceo. She should be. Tracy of family life balance thing. Family life balance when you have 15 days. When you look at yahoo verses to will, her image, its given galvanized on pop. Showing a more per share. Why the 100 stock may be the norm, and it is not just the price tag that is expensive. The warning signs and valuations next. Tracy is being called thish exam for wine lovers. The new have been confined in a bottle. We should you have led. Lori with the dow off about 40 points, a rough week for the market. Looking at the components of the dow. There are some winners. Back with more in a moment. [ shapiro ] at legalzoom, you can take care of virtually all your imptant legal matters in just minutes. Protect youramily. And launch your dreams. At legalzoom. Com we put the law on your side. Bounce is great because the freshness lasts for weeks in the drawer. Why cant everything stay fresh that long . [ male announcer ] how do you get your bounce . [ man ] lasting freshness. [ male announcer ] how do you get your bounce . We replaced people with a machine. R, what . Customers didnt like it. So why do banks do it . 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. Lori time for another edition of stocks now. It has been 15 minutes sense we last headed down to the floor of the New York Stock Exchange to check in with nicole. Dell shares rocketing on icahn news that broke a minute ago. Were watching dell very closely. So many headlines pertaining to dell. This one this particular was about a Co