For the occasion. Stay tuned to find out who it is. That was a lot of hts. Even when they say its not, it is always about money. Melissa exporting our energy boom, should we or shouldnt we . As the u. S. Becomes more successful in producing our own oil, refiners ere are shipping more fuel oversee than ever before federal law banses most shipments of you know oil, finish products created from the crude like gas and diesel are allowed to be exported. As the industry grows, the argument whether or not we should be selling this stuff is growing even louder. With me in total disagreement, fox news steve moore from the wall street journal. We have matt, an Energy Analyst at stansbury research. Thanks for joining us. Steve, let me start with you. This makes a lot of sense. Were in the middle of an energy boom here in the u. S. Were making things like diesel which is europe is very expensive. Should we be selling it there, maki money, creating job, what do you think . I dont think there is any question about it. What is so exciting about our energy future, melissa, sometime the next eight to 10 years the United States will a net Energy Export country which is a woerful thing tohink about give the last 40 years weve been under the blade of opec. Well see increased production of oil. By the way more importantly, natural gas. Were ready to import, to start exporting natural gas right now. We ought to be doing it. By the way, a lot of these downstre industries, that use the oil and natural gas that comes om the fracking boom, you know, these are Companies Like manufacturing companies, Companies Like t chemical industry. Theyre saying, look, we dont want you to export this because we want it to be used here at home. Melilissa right. By that token, melissa, why woul we export their products . Why would we export chemicals or manufactured products . I think this is nobrainer. If we export more we will produce more. Melissa is that the case, or matt, what about this idea that if we trapped it allnside the country the price fo it here inside the country would drop . Is that true or false . I dont think thats true. Melissa no. I think it could be true for natural gas but its not true for oil. Oil is se on world market. We know that one of, i would disagree with steve in that i think natural gas should be used home. Were seeing really highquality jo coming to the count. Bmw had a chance to bld a factory in any country in the world and they chose t build it here in the states becausef cheap energ an note melissa it is dision time for sac and its billionaire founder steve cohen. After battling for months, 616 million in civil penalty charges, 6 billion in client money that has been pulled out of his fund and its behemoth name dragged through the mud. Reports say the hedge fund may actually now cop a plea. Prosecutors say sac and cohen can put this whole mess behind them by pleading guilty and paying a total of 1. 824 billion fines. But how big of a price are they really paying . With me is former federal prosecutor fred tecce with thinks take. Fred, why now . What do you think is pushing them over the edge here . Why now . I tell you why, trial would be nothing more than a fourweek guilty plea and they kno it. What happens is when steven cohen sits down with the lawyers and says what will happen here, lawyers being what they are, are telling him, look, mr. Cohen, odds are you will get convicted and company will get convicted if they lose it is government position they will take every blsed me you have to the picassos in your hallway. You need to get smart here. Melissa the way theyre getting to that so that there is commingling of funds so as a result they could take everything, s that it . If you read e indictment which i have, it works on the predicate the entire thing was a fraud, a sham, a complete factory of using insider information. And that is the governments theory. Look, melis. That is theory they have to prove it up at trial and prove it beyond a reasonable doubt. From cens perspective and from sacks perspective the answers what is the risk and liability Going Forward . Given they could lose the whole 9 billion, 1. 8 billion seems like a bargain. Melissa it does but there is more than just money at stake. There is more than 1. 8 billion. He has to admito criminal wrongdoing and guilt. And he also is potentially cing a ban for life, right . Well theres a bunch of of things going on. There is pending sec civi case against cohen personally. Part of that sec wants him banned for life. There is a criminal case against the company right now. I will tell you, unspoken in all of this, whether or not mr. Cohen will be indicted criminally personally. I cant see him makeing a deal without making sure that all of this, in oneig package with a nice little ribbon gets done and taken care of. Melissa and do you think th is likely . Do you think he could secure a deal like that . I, the answer is yes because if the feds had enough to indict him they would have indicted him by now. The question is how big will the check be . Th puts an end to the whole thing. Melissa technically what does it mean, if he is banned for life, it can still be family office, right or h he cant trae at all . Correct. It means he can sit there, by my calculations he will have 7 billion of hi own money. And he can sit there and trade and run it basically as a priiate hedge fund but people like you, me, or commercial investors or commercial people cant go to him and be paid fees d put money in the fund. So he is basically finished. From a regulatory standpoint but also if im a commercial guy and i put money in his fund and suddenly this happens agn in the future, it will be lawyers fair employment act all over again. Melissa what does it mean for the two guys, michael steinberg, Matthew Martoma sitting on the sidelines . They are sitting out, fighting charges. The government has been trying to flip them all along. Correct. Melissa if he cop as plea are these guys dead in the water . Is this that classic prisoner dilemm whoever confesses fst the other guy is in really big trouble . When i was federal prosecutor i would say the last guy in was ways t kingpin. Whatever deal the feds require. Sac anybody available they call for to testify against martoma and the other guy. That will be end of them. Ths iceberg dead ahead that is what is coming for them. If this deal gets struck, those two have to plead guilty. They have no choice. Melissa how big after win is it for the government . I think its a b win. It is awful, all full lot of money, 1. Billion dollars. It sends a serious messa. They have been going after ts guy for years. Melissa forever. This is a huge deal. They have been after him forever and ever. He is a huge target. He is so wellknown this is such a big deal on wall street i think its a huge win for the government. It is, and i you read t indictment they had a lot on him. Frankly these guys were a little dirty. The fact that the feds did their work which ultimately prevailed which is what we need for them to do. Melissa fred, thank for coming on. Thanks for having me. Melissa cing up on money, head for anconomic apocalypse. That is what experts are say as we inch closer and closer to default. Now that janet yellen is officially in the mix are things about t get messier . Oregon congressmmn Curt Schrader is here to weigh in. Plus a second team of u. N. Chemical wpons inspectors is in syria. We have the latest melissa turning to major delopments in syria. The agency in charge of inventory and disarming of assads chemical weapons stockpilbringing in a second team as the destruction deepens, were learning that could be as many as 20 separate sites, including some that may require negotiateing a sees fire before gaining access. Fox newss Leland Vittert is in jerusalem with all the details. Of course the big question who do you negotiate a ceasefire with . The rebel groups inside of syria are becoming more and more fractured. You have marginally secular groups on one side all the way down to the al qaeda Syndicate Groups and jihadists on the other. Both have a vested interest in seeing any pt of this chemical weapons deal fail. Inspectors also report that at least some chemical weaponsrelated equipment and manufacturing facilities have been destroyed, but stress it will be a very long process to get rid of syrias chemical weapons stockpiles. At last count, there were about 1,000 tons of weapons, plus manufacturing equipment in other military hardware, that will have to be destroyed. Thats hd under the best of circumances. Completing the task in about a year while the civil war continues to rage on, is only much harder. Today, another team arrived to start visiting more sites, that the syrians have disclosed. Each day before inspectors leave their hotel they have to receive security guaranties from all sides, something ncreasingly difficult as the battle lines in the Syrian Civil War are incredibly fluid. The u. N. Mandates says that a syrias chemical weapons must be destroyed by the middle of 2014. That seems like it will be a difficult task as folks are realizing no matter how hard it was to get this deal made between the United States, russia and syria, implementing it will be far harder. Melissa . Melissa thanks, leland. From the u. S to every corner of the glob money has been flying around the world of first to egypt. Fox news confirmed repor that the u. S. Is planning to cut off military aid to the country. This comes in the wake of recent violence against protesters and the july coup against president mohaed morsi. The Obama Administration is expected to withold hundreds of millioof dollars. The u. S. Currently givore than a billion dolla assistance to the country. Over to japan. Three companies are being sued by Michael Jackson estate for more than a mlion dollars f sein products with the late king of pops likeness on them. Jacksons estate says the unauthorized products including mugs and postcards. In a statement the estate says it is trying to quote, proct its legitimate partners and preser michaels legacy. Heading on to india, walmart announcing it is splitting with its partner there d is not moving forward for plans for its retail stores. Walmarts asia ceo blames strict government regation there is requiring sourcing fro local small businesses. Saying that makes the companys plan impossibl but he is still meeng with Indian Officials with hopes of finding a solution. Back here at home, are have you heard were heading for econom apocalypse. At least what some on capitol hill and wall street are saying. Still no end in sight for the government shutdown. Were getting closer and closer to the edge of default. President obama plans to meet with bipartisan congression leaders this week. Many some congressman taking matters into their own hands. We have one of them. Coressman Curt Schrader. Thanks for come on our show. What is the hold Congress Accountable act . It would hold payment from members o congress if ther i anotr shutdown . I like the sound of this. If youre not doing the work you shouldnt get paid is the whole idea behind it. The 27th amendment doesnt allow you to regular late your even pay. We with hold our pay till we get paid to the end of the congress. Future congresses, if there is shutdown, people are out of works, you should be out of and cut pay for everybody. Melissa is there a lost support for this. The republicans are shoping a bill similar to this we got one were shopping. There is a lite more distraction. Well have more cosigners as we go on. The real deal is not about new bills. It is about fixin the problem actually going on. To that end youre Holding Daily bipartisan meetings with your colleagues on the hill to work out different propols. How is thatoing . Are you getting closer . Yeah. Were making surprising progress. If you listen, no offense to the media, you would think melissa damn media. It is always our fault. Were the ones mucking up the wrong thing. You get bad information. We have to give you good information. Good information for america that the rkandfile, republicans and democrats are upset. They want to wk together. There is a number of groups out there ive become aware of. Twohat im particularly involved in. That are trying to get past just the cr and the debt ceiling issue. The real issue, the real iss, e cause of the problems were facing right now is not dealing with our longterm debt and deficit and the enomic stagnation were facing right now. Thats what the rankandfile want to deal with. Melissa amen. That is absolutel the real problem. I think a lost americans do realize that. How doou solve that problem . Because i mean frankly thats a much bigger problem. And that is why were at this impasse. We do have an enormous spending d entitlement problem in this country. Weve got to solve it. Are you getting close to solving that one . Well, were working on it. We also have a lack of revenue issue. The baby boomers are hitting the system were not anticipated. Noll development of entitlement programs a nor how to pay for them. Time for us to get together. Throw away all the partisan rhetoric, sit down and work throug mandary discretionary revenue situations. We need tax reform. We need entitleme programsor kids and grandkids. Actually a group of us are working on actual specifics, having conservatives and liberals and moderates in the room trying to agree. I think were making pgress. Melissa what did you think o announcement of Janet Yellen Federal reserve, was that a distraction shun . A step in the right direction . Some sayt is a bad time and inoduces a wildcard and Something Else to fight b it could be a good time. It makes the markets feel better. They know her. What do you think good or bad . That is right now minor distraction. No one on the hill is focused on that. This whole debt and deficit issue is where members of congress are. Melissa one thing i keep getting stuc the idea that government takes 234 billion in revenue according to the cbo in order to make payments on the debt. That is only 11 billi to pay the mortgage. Why cant we jus keep doing thathile this fight goes on . Why do we have to not pay our mortgage so to speak if we dt have an agreement on the 17th . The problem we get to, at least when i sat down with cbo and treasury officia at various functions and meetings. You cant prioritize things. It snd great and logical. Thats what you try to do at home. Bills come in at different time the revenue is uncertain. On average it could be melissa that is so hard to accept and believe. I feel like we have so many great computer guys on wall street running quantity funds we cant send people there. You should see the computers. Melissa you could send somebody there to work on that to prioritize. All you have to do is look for e bond payments and pay those first. The Computer Systems we have, a lot of them, the working on cobal. When i was a kid, it is kobe ball. It is not desktop here, melissa. We have a long way to go. Melissa congressman youre very reasonable. You restore my faith. Thanks for coming on. We appreciate that. You bet, thank you. Melissa up next on money, how much is airal video really worth . Dodge is about to find out with the hilarious will ferrell ron burgundy ads. I believe it is the future of advertising. Forget twitter, are you buying into the zumili ipo . What . Why seemingly silly so i can reach ally bank 24 7, but there are no branches . 24 7. Im sorry, im just really reluctant to try new things. Really . Whats wrong with trying new things . Look mommys new vacuum cat screech you feel thatin your mu . I do. Drink water. Its a longtory. Well, not having branches lets us ge you great rates and service. Id like that. A new way to bank. A better way to save. Ally bank. Your money needs an ally. Wow. Look at you. Ive aays tried to give it my best shot. These days im livi with a higher risk of stroke due to afib, a type of irregular heartbea not caused by a heart valve problem. At first, i took warfarin, but i wondered, could i up my game . My doctor told me about eliquis. And three imporant reasons to take eliquis instead. One, in a clinical trial, eliquis was proven to reduce the risk of stroke better than warfarin. Two, eliquis had less major bleeding than warfarin. And the. Unlike warfarin, theres no routine blood testing. [ male annncer ] dont stopaking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. Eliquis can cause serious and in rare cases fatal bleeding. Don take eliquis ifyou have an artificial heart valve abnormal bleing. While taking eliquis, yomay bruise more easily and it m take longer than usual for any bleeding to stop. Seek immediate medical care for sudden signs of bleeding, like unusual bruising. Eliquis may increase your bleeding risk if you take certain medicines. Tell your doctor about all planned medical or dental procedures. Ive gothree Important Reasons to up my game withliquis. [ male announcer ] ask your doctor today if eliquis is right for you. A lot of people will tell you about the dodger rental available in the v8 engine and treen and 60horsepower, but im the only one with the guts to tell you about this glove box. Twelfold light bb, all in beautiful injection molded plastic comfortably fit to turkey sandwiches or 70 packs of gum. Im not lying. Is this a gamble a gumball machine . My say this is kind of a big deal. In character as san diegosost legendary fictitious news anchor founded 70 dance for chryslers revamped sponsoring go. He did it for free. Leaving us to wonder if chrysler may have ushered in the newest wave of viral celebrity advertising. Joining us now and definitely keepinit classy is our money marketing maven. It is amazing t me that he did all these phenomenal ads for free but, basically bause of the very end it advertises his movie. It seems to me that stocks got a helluva deal. I think they both carry great deal. Dge gets not just a spokesman, but a celebrity playing a celeity, and more importantly, he has such huge following with exactly who they want, young man. The reason they want them is not necessarily that it will buy the truck but they will make these videos go val. It will replace him, post them, share em with friends. Dodge will have instant distribution. Of course, but will and his producers gate is the money and power for promoting his movie. Melissa and you remember watching him. How hysterical. You immediately want to go see the movie because a laughing. What i think is most fascinating about this is how much and said changed. You can see through them on