Connell markets now begins with the news that is breaking. Charlie gasparino joins us from the newsroom. Charlie the little bit bored. It may happen. It is about 4000 people combined. Mergers are never easy. There are always synergies to be found. Publicly, they have said nothing. Spokespeople will not comment. In past segments, they have talked about synergies. Spitzer is contemplating fairly significant cuts. The numbers he is going around are pretty significant. Clearly, job cuts are in the air over there. This is pretty interesting. The New York Stock Exchange keeps a pretty large workforce. Ice is pretty thin. The New York Stock Exchange has a lot of duplication. Twenty lawyers doing the same thing. It is that duplication that he tends to take out as this merger progresses. It is set to close in the fall. After it closes, that is when you can see these job cuts. Large cuts, largely done at the New York Stock Exchange side. The combined cuts could be about 30 of the 4000 people at this newly found company. Connell is there a type of worker that is more at risk . We do not know. There are 20 lawyers doing essentially the same function. It is not like they will just cut the back office people. We should point out that this will be an interesting clash. He obviously works for spritzer. He would contend that a lot of this overhead is needed. The New York Stock Exchange is not a computer in atlanta. It takes a salesforce. It takes marketing. It makes a decent amount of money from listings. An interesting statistic, 1000 employees. You see the difference. You see why he is looking at synergies. Meaning cuts largely affecting the New York Stock Exchange. Connell more to come on this, i am sure. The dow is up 50 some point. On track for the third losing week in a row. Lets take a look here. We are down about 760point in the last three weeks. Today, we are getting some of that back. We have seen some selling today. It is a little bit better. Up almost a half of 1 . We have seen the financials shining. Alcoa, the aluminum maker, also looking good. Looking good across the board, at least for now. Back to you. Connell nicole, thank you. The time warner cbs cable dispute is still going on. Former new york governor Eliot Spitzer. Dennis deal is with us. Dennis Eliot Spitzer will be at a debate tonight. He is the one window in almost a threeweek standoff between cbs and Time Warner Cable. They go back live, but just for an hour. Then, cbs will shut down again. They will go back on air next wednesday for an hour. It is just a sign of how bitter this fight is. Look at this memo to the staff. Striking a deal with verizon bios. They have made a big deal out of that. I cannot describe to you the frustration i feel that these negotiations have gone. Never did i ever think they would have lasted this long. Connell dennis, good reporting, as usual. Yahoo is back or it looks like it is back. They have topped google as the most visited internet search engine. It did so last month. The First Time Since 2011. Lets take a look at some stocks related to all of this. Here are some numbers now that are headed in the wrong direction. That average u. S. Household is earning less now than when the recession ended four years ago. Monica crowley is here with us. This is pretty depressing, but it is no surprise. You have stubbornly high unemployment. Unemployment affects everything. Number two, you have got record numbers of people leaving the workforce. Tens of millions of people are no longer working. You have the growth of the government dependency and welfare state. Connell i would like you to explain why a little bit more, if you can. Why, specifically, is this the president s fault . You had an Unemployment Rate dropping. You are adding up to a Million People per month into the workforce. To get to your question about obamas policy, reagan rolled back government. He cut back taxes. All obama has the exact opposite. You have to do the exact opposite of what obama has done. Connell listen to Monica Crowley on some stations. Charles payne is coming up. He will talk to you about harleydavidson. Why havent we done something about this . Workers are getting ready to walk off the job. First, we mentioned oil a second ago. We will be right back on markets now. [ male announcer ] at his current pace, bob will retire when hes 153, which would be fine if bob were a vampire. But hes not. Hes an architect with two kids and a mortgage. Luckily, he found someone who gave him a fresh perspective on hisortfolio. And with some planning and effort, hopefully bob can retire at a more appropriate age. Its not rocket science. Its just common sense. From td ameritrade. Its just common sense. A quarter million tweeters is beare tweeting. And 900 Million Dollars are changing hands online. 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Even if you do not want them to wear your clothes, you do not come out and say that. I think it is reflective of the world and country we live in. We live in a very meanspirited country. There is a company that is doing the exact opposite that is getting it right. Harleydavidson. Sales are growing at twice the rate for women, blacks and hispanics. The company said the core demographic of white men over 35 years old will not be able to sustain us into the future. They have welcomed everybody in. Connell your report on stocks, i feel like we are talking about immigration or Something Like that. Charles i should be able to convince you to come to my side without calling you any names. This all goes back. You reach out to people. We see it. We see it in applications. You cannot tell people that you do not want them there. Connell i like it. Be more like harleydavidson. Charles it is not pandering. When they sell their products in china connell you are on it today, charles. Hewlettpackard taking a dive today. Lets go to nicole. She is tracking the stock for us. Nicole we are down 26 negative dow points. They are attributed to the losses that we are seeing in hewlettpackard. Down about 13. 5 . You are right, the dow would be higher if it were not for hewlettpackard. The ceo said that sales growth is unlikely. One reason, the Enterprise Group. A group that really was supposed to be taking on ibm. That group was a disappointment in the latest quarter. Connell thank you. Can we finally put this to rest . The debate over energy dependence. We will talk about it coming up. Plus, the tragic death of this bank of america intern. There is new information to out on that. First, more markets on markets now. Take a look at world currencies. [ male announcer ] how do you get your boue . 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. 22 minutes past the hour. The day after being sentenced to 35 years in prison for leaking military and diplomatic documents, Bradley Manning said he wants to live his life as a woman named chelsea. He begins to want to begin hormone therapy. More violence today. The Syrian Government was not responsible for yesterdays fumes. Mubarak has been released from jail. He was ordered released after corruption charges against him were settled. He is now being retried. Those are your News Headlines right here on the Fox Business Network. Get you back to connell. Connell thank you. We turn now to that of fact on price of oil. As rough joins us from toronto. Every time we have the discussion about oil and what is happening in the middle east, it is not like it is saudia arabia, for example. Is anything that is happening over there something that should be of concern . You are right to say that the suez canal has been secured. It is good for both europe and america. The real threat is not the suez canal. It is what would happen if the Muslim Brotherhood were to succeed in egypt. That is their goal. Remember, they want to spread their particular brand and oust everyone else who are trying to prop up the egyptian military. It threatens even the security of supply. That is, i think, the worstcase scenario. Connell somebody was wondering why the saudis are willing to make up the dollars that may be lost. The scenario that you are describing is fairly low probability. Absolutely. Remember when we had the civil war and libya. Supplies were restricted. Suddenly, countries were scrambling to make up their lost libyan supply. I am not saying that all of the sun and the 89 Million Barrels that the United States imports would be cut off, but you could have some oil cut off. Right now, you have a shovel ready project. Actually, it is more than that. 90 is already built. The canadian side, we are just waiting for that part to cross the border. All of a sudden, you are displacing 8000 barrels of opec conflict oil. There is no risk of a coup. Connell still as you say, waiting for the green light. It does bring up your proposal. You would like to see the gas pumps labeled. It would say Saudia Arabian Oil or wherever the oil came from. Do you still believe that . Everything in walmart or toys r us has a label. Unlike fair trade coffee, fair trade oil, conflict free oil is the same price as opec oil. I think it would encourage politicians to make the right choice and encourage refiners to source oil from peaceful democratic countries instead of buying from, frankly, american enemies. I love the u. S. And canada relationship. Connell sure. Label the pumps. We appreciate it. We will have you back again. We will have more energy talk coming up. Fracking is a big thing. Jeff flock is doing some reporting on that. Just looking at what interns are paid on wall street gives you the idea the responsibility it places on these college kids. It may have helped lead to the death of an intern for bank of america. Some winners on the s p 500 today. [ 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 t 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. At t mobile share for business. 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. Connell back at the half hour. We are going behind the tragic death of a bank of america and turned and what it says about the culture of wall street. Workers at fast food change across the nation are planning a walkout. First, to jcpenney. Taking its fate into its own hands today. Nicole has that for us at the exchange. Nicole adopting the shareholder rights plan to do this. You have other new owners including george sore notes. This is a big deal. This is not the first time that jcpenney has done this. After this, they bought more than 26 of the Department Store chains shares. It is an order of protection to a certain extent. Down over 30 this year. Connell thank you. A man found dead august 15 in the shower after he supposedly left a 72 hour shift at work. German exchange student. Just a week away from completing an internship from bank of america. We bring back Charlie Gasparino. We also have a doctor with us. We will talk about some of the medical aspects of this story, as we know it. Charlie, lets start with you. Charlie we do not know a lot. The autopsy is not completed. We were led to believe that it could happen today. It could take a couple of weeks, we are told now. Investment bankers to work long hours. These are the interns and associates of investment bankers. They are known to put in the all nighters. Maybe one, maybe two, but rarely you hear three. There is speculation going around. It is not that he adjusted three all nighters, it was that he was working a string. Eight Straight Days of 16 hour days and then put in this very heavy amount of work. Not everything is out yet. There is no toxicology report just yet. A lot of people, a lot of kids in order to stay up will take something. You were in college. You know what people did. Connell that is part of it. Let me go to the doctor. We have all pulled in an all nighter every now and then. You get through the day. What starts to happen, radically, if you do do that for two or three days. It affects the hormones. The stress hormone goes up. It stays elevated and affects our sleep. What happens is we have an increased appetite, but we are fatigued. What really happens is how we cope with it. I know the effects of sleep deprivation. How we cope was, back then was caffeine and coffee. Now we are coping with energy drink. Connell does the fact that this young man died tell you that most likely that there was some sort of substance involved as opposed to the body having a terrible reaction to sleep deprivation. Well, it can be one or the other. We also know that excessive caffeine, excessive stimulants, ritalin, adderall, or Energy Drinks can cause arrhythmias of the heart. A lot of unanswered questions. Many possible mechanisms. Charlie we should point out that he may have a preexisting condition. My brother is a doctor. Doing those 36 hour times, my brother would actually catch a couple hours of sleep. I am sure that you closed your eyes a little bit. You did not catch a cat nap here or there during those long stints . Yes. You never go into deep sleep. The hormones stays elevated. Charlie what makes this different, i think this was a marathon session. You are in a financial crisis. I work four days around the clock, but i caught a few hours of sleep in my office. We will get more details. Connell what is going on at these banks . Charlie i think it will be a watershed moment. Are they working their kids too much . They want that job, they want that pot of gold. The kid will not say no. There is also a cultural thing here. Yes, the thirst for money forces while streeters, sometimes, to do bad things. It also forces people to work beyond what they should. It is kind of a macho attitude here. It was reported that he was working 15 hours a day, six and a half days a week. Plus pulling multiple all nighters in a row. With that kind of stress on the body, most likely he turned to something. We will find some type of caffeine or something. It can lead to arrhythmias. Four or less cups of coffee is usually safe. Connell thank you very much. We will get these results of the autopsy if and when they come out. Solving the Energy Problem for fracking. This is jeff flocks story today. Fast food chains nationwide looking at a worker walkout next week. Low wages is one of the big complaints there. Eric holders latest campaign to take on the banks. Dennis and cheryl will have more on that as markets now continues at the top of the hour. 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. 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 healthy blood sugar levels. Metamucil. 3 amazing benefits in 1 super fiber. I am jo ling kent with your fox business brief. Stocks are trading higher. Checking the dow right now, it is up about 40 points. The number of americans claiming new claims for jobless the Labor Department says it rose by 13,000 last week. More closely watched fourweek moving average fell to the lowest level in more than five years. Another tough day for retailers. A loss of 1. 46 per share. Revenue fell 6 from last year. That is the latest from the Fox Business Network. Giving you the power to prosper. Right now, 7 years of music is being streamed. A quarter 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. Connell Oil Production in the first week of august hit a 20 year high in the United States. The popularity of fracking is causing a boom. Jeff flock joins us from wisconsin. Jeff one of the big things that fracking needs is sand. This is a sand mine. It is just b