Lori near session lows, 3 points away, the stock is intensifying as we get later into this session. We get economic data, it wasnt terrible on home prices and Consumer Confidence but nonetheless syria being the main headline this is what investors are focused on. Is not the only culprit to the. We cant forget the debt ceiling, the fed pays back, all these are painting a picture is that these final four days in august, finally i point out of the vix index, 1643 spiking, the past two days dramatically. Another market, very low volume. Back to you. Ashley concerns about syria driving ener top 109 a barrel on worry the u. S. And other western nations will worsen the conflict in syria and that could disrupt oil supplies. Sandra smith has more on this from the floor of the cme. Sandra important to point out the primary concern isnt syriacs Oil Production driving Oil Prices Higher in todays session but if theres a conflict there and if we do see the u. S. Act with military offense it would affect border countries like iraq and other larger Oil Producing nations bordered by syria. We are seeing a spike in Commodity Prices across the board. The big ones to watch, oil prices right now and hear their highs of the session up 3 and nearly 109 a barrel. We had been above 109 a barrel earlier in the session but hovering around there now. We are talking 110 a barrel oil here so this is a Significant Development for the energy market. We are seeing a safe even happening as well as those oil prices skyrocketed, bold getting a lot of attention at 14. 19 a flounce, not only above the 1400 level but it has surpassed it by 20. Right now near its highs of this session of 26 now also this market is on pins and needles waiting for redevelopment on syria out of the United States and by the way we are also seeing bond prices skyrocketing as well as stocks go down, bond prices up, even play and energy rocking the. Back to you. Dennis thank you very much. Lori now the latest developments on syria, pentagon Officials Say u. S. Forces are ready to act at any moment once the president gives the order and reports say that could be as early as there is a this week. Joining us former assistant defense secretary fox nationalsecurity analysts quote t. Mcfarland lenin as on the telephone. The queue for your time. What is the u. S. Military objective . A few predicted many times in iraq and egypt kicking out the current leader can open up more and even worse problems. I dont know what the objective is, they havent come out and said what our goals are. On kerri yesterday said we will punish assad. To what end . We are going to deter him from using chemical weapons. What if we attack on thursday and assad still uses chemical weapons after words . Lori is there a way to take out the chemical weapons . We learned such a harsh lesson in iraq. Went into caught the tween the incontrovertible proof. We are getting close the dont have it. Secondly what we need to do we need to acquit allies, it cannot look like america jumping in to another civil war in the middle east trying to get involved. This should be the World Community coming together, not everybody in the world, we need to make it clear we have no interest in getting in the middle of this civil war, no interest in choosing sides and getting out. Lori can you pinpoint but chemical weapons . Can you take out those chemical weapons with a missile strike or do you have to have boots and the ground . Do you know the particulars of that . Some say you have to have. On the ground. Everything i read from credible people that i trust say that you can do this from a standoff, you can have ships in the mediterranean, tomahawk cruise missiles equipped in a certain way but if these Syrian Chemical Weapons depots, we know the israelis have done this, they have bombed and taken out Syrian Chemical Weapons sites, i dont know why we couldnt be able to do that but if we go and think we are going to topple assad or kill assad what is the next government that goes after assad . Al qaeda. The predominant group and the rebels is not well meaning secular liberals, it is al qaeda. Lori that horrible situation and the human tragedy is john dropping. Is horrible, thank you for sharing your analysis with us. Sandra smith brought this to our attention at the top of the hour, stock markets of a dock and the safety and play under way, rotation to the safety of bonds, gold and the dollar to a certain extent. Tune in at 7 00 p. M. Tonight, lou dobbs tonight, i am filling in for him this evening, joining me is special guest tom mack and tyranny of the u. S. Air force, we will talk about what the president should do about syria and now. Ashley home prices are moving up. The case schiller index for june was in line with estimates, it rose 2 over a month earlier but prices were up 12 vs. Last year. Our next guest says as inventories grow expect prices to fade as we head into fall months. Joining us is meghan mcgrath, executive director and senior homebuilder analysts, as inventory rises this magic number, 6 , you wont see prices fall down but they will level off. They should level off. You look for the month supply, the best number to look for. We will get that and existing homes sales come out and new home sales. We are. Six months of supply, ron 4 or 5 for six to nine months. It is a sellers market. As we get closer to six months supply you wont see prices dropped but youll see the pace slowed a little bit. Ashley for people about to buy or sell, this is normal, six months of inventory on the market. I can remember going to 2008 in the depths of the financial collapse we read supply, it will take years to get rid of that. And it did. We worked through the inventory and in late 2011 we saw the distressed inventory leave the market as investors got into the market and brought it out and that is what we sought in 20122013. A lot of that inventory helped stabilize prices and when employment started to get better feeling of a more comfortable, prices started despite. Ashley brown 43 4. I saw in vote wahabi for 0. 75 . Is that going to go much higher. Will be above 5 in november . We could be. We will see what the fed does in the next couple months, hard to predict what happens now. Ashley being at 5 , will that weigh about potential future sales . Did we bring all those potential sales in the future to the forefront earlier to get in a lower Interest Rates . It is not all we need to think about when we forgive housing. Mortgage Rates helping with the recovery along time ago, we probably did take some buyers out of the market when it rose 100 basis points earlier in may and people are rethinking can i afford this . What we need to Pay Attention to is not monetary but employment getting better, incomes getting better. Ashley are we back to normal . I read one metric that we have to build, this includes apartments and standalone homes 1. 7 Million Units a year and averaging 900,000, seems to me we are below where we should be. We are below normal building levels and below household formation or number of units that it come on the market because of a low economy, low immigration. Housing recovery has years ago. Is slowing a little bit versus where we were in the beginning of the year. Ashley lot of sellers and buyers looking for a jump and this might be the moment. Have a great day. Here we go again. Next showdown in washington kicking into high gear as the Treasury Department warned we dont have as much time to solve the problem as first thought. Lori so much for profit warnings. Beating the street, next, Charles Payne, making some blame on todays reseller earnings. Ashley bill ackermans tail between his legs, walks away after an attempt to overhaul the company. It fails. [ 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. Ashley stocks may be selling off, Charles Payne is in the house, youre speaking about the retailer stocks. Charles last week retail, the last few weeks, mostly teen retailers, for the most part missing the department stores. And todays and that are out suggests there are other thing is going on. Women are finally spending money on themselves. And the kids come first and husband gets a lot of stuff and the retail stocks, and there was not a bad number. And did you ever go to d s w . Webmac i am obsessed because it is i candy. Charles but great value. You spend money on your kids. Charles last night on both show, the making peer market special, and hypothetically and owning the stock even before the earnings are out, up 8 and talking about a doubledigit gain in the month, hasnt bought the track yet and im trying to encourage turned everyone to make a move. Something interesting, an amazing number, tiffany beat, the stock is rolling back because you look at the u. S. Part of the business, does not look great. I am holding the stock because we talked about this not because i love they are doing but they are doing so poorly, someone will stay setaside, we will do a better. Lori this confidence numbers of little goldilocks . Charles go back ten years it was 115 then, back before, 145, before the recession, languishing in the 80s. We have the new normal with these confidence numbers no where near the type of spending we used to have so that is why i dont think they moved the needle much on the market. Ashley keep it here on fox business. To make money with Charles Payne, he will the special this evening making a market thats 00 eastern. Dont miss that. Charles talk about selling today ashley 18 of your holdings in j. C. Penney. At half of what you paid for. I am looking forward to 6 00 p. M. Time to check in with Lauren Simonetti on the floor of the Stock Exchange, we are not going to talk about losers like j. C. Penney, but tech losers. Who are they . When you have a dance decline of 1 6 lot of companies to choose from. We are talking about blackberry and facebook, both stocks down 3 . We will hit blackberry first. Earlier this month the company said they are exploring Strategic Options which would include putting the company out for sale. Deltona is reporting that messaging service could be spun off and go on desk stops. The other is facebook. After being dubbed three days in a row. Lori lets go to j. C. Penney which is in the news after resigning from j. C. Penneys board, Hedge Fund Manager bill ackerman cutting the rest of his ties with the Company Selling his entire stake in the struggling retailer. The sale brings his failed campaign to overhaul j. C. Penney to an end. He is the biggest shareholder and retailer told the team stake. 0. 16, 13. 51, down what the door hit you in the back. Connell adam best buy it plans to sell 20 in the company, under a plan he can start selling the undisclosed amount in october but has no control over the timing of the sale, shares of best buy have doubled in the last year. But today the news of all this is dragging that stock lower. Lori rising costs of devastating wildfires out west, ash from the fires is bringing down on the water supply for 2. 6 Million People in the San Francisco bay area. Adam the debt should down coming quicker than thought caught the new warning as the United States worries about its ability to pay the bills. [ 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 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. In massive wildfires in Yosemite National park continues to grow larger but officials said theyre making progress on a rim fire which is 20 contained. Officials say they expect no water or power from ash coming down on a reservoir that supplies San Francisco. Second teenager arrested in the beating death of a world war ii veteran in washington is due in court today. He was arrested early yesterday in connection with last thursdays beating death of 80y delbert builton. Dimitrius glenn is being held on 2 million bail. Students in the midwest targeting of school hurleys this week because of a heat which. Calls in nebraska, iowa, both the caught ups and illinois central and home early yesterday. Many schools say air Conditioning Systems dont extend throughout the entire building. Those are your News Headlines on the Fox Business Network. Back to lori and adam. Webmac no airconditioning in school more common than you realize. U. S. Treasury secretary jack lew saying our nation will hit its debt limit in mid october, leaving Congress Little time to agree on a solution upon their return in september. Rich edson joins us from washington d. C. With more. When lawmakers return they have an immediate task to avoid a Government Shutdown on october 1st. Once they got that out. Treasury secretary jack lew says congress has until mid october and the administration refuses to negotiate over the debt limit. I sat down with Speaker John Boehner a few months ago. He says any increase in the debt ceiling must include conditions. The president can say this but he is person who when he was United States senator voted against increasing the debt limit so this is probably a political football. This year we have the highest amount of revenue to our government we ever had in our history and still have 1 trillion budget deficit. We have a longterm spending problem that has to be resolved. What republicans want . Still figuring that out. They want to have a policy of increasing the debt ceiling, at a number of meetings on this, ask for tax and the entitlement reform, delay in obamacare, curbs on federal regulation, adoption of House Budget Committee chairman paul ryans budget that balances of the ten years and approval of the keystone pipeline. They put all that on the table. No idea where they are going to go specifically. Only a month and a half left to negotiate the republicans dont have an opening offer to negotiation, the Administration Says they refuse to have. Back to you. Lori another budget battle over the debt ceiling. Thank you, which. Shake up for the Economic Team, Charlie Gasparinos exclusive who is in, who is out and the impact on the white house Economic Policy coming up next. The crazy land florida is going to to save its disappearing coastline. Adam looked at who is up and down, only one is up, chevron. [ male announcer ] how do you get your boce . 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Hps Technology Helps us turn millions of tweets, posts and stories into realtime Business Insights that help nascar win with our fans. Adam were approaching 1 30. We want to check in with Lauren Simonetti on the floor of the New York Stock Exchange. We are near session lows for the dow. How are we faring right now . Adam, the selling is just intensifying right now on wall street. This is the s p 500. I want to show you the chart. It is all red. It is ugly. As you can see were at the lows of the session. Everyone is worried a