They contributed a lot in order to get this kind of access. Sandra trump acknowledging a shift in immigration policy, why he says hes softening his stance. Why some companies are saying byebye to annual pay raise. A judge throwing cold water on a lawsuit claiming the coffee giant cheats customers by adding too much ice to its drinks, how dare they . Gain on the open right now. Still several hours away but small gains on the dow, s p and nasdaq futures as we look over in europe for direction there. Ftse and a lot of wait and see. A lot of fed action happening later in the week. Here with me Fox Business NetworkDagen Mcdowell. Recon capital Ceo Kevin Kelly and julie is here. Good to have all of you this morning. Good to politics day. A lot of Market Action as far as expectations but not a lot of Market Movement yet. Kevin everybody is focused on the fed later this week so thats why its quiet out theres in the market. Sandra youve been really looking at the numbers there and as far as poll tillty is concern, what we might see lathe in the day. Dagen it is his birthday. Happy birthday, kevin kelly. Sandra is that why you have the blue flower in. Kevin yeah. Sandra trump economic adviser wilber ross, former fema director Michael Brown and candidate dr. Ben carson will be joining us. Lot to talk about there. You dont want to miss any of that. To our breaking news this morning, the powerful earth scwaik striking . Central italy overnight. Dozens of people have been killed in 6. 2 magnitude earthquake. Do we have somebody on the phone right now . We have been trying to get somebody from the area to speak with . Christopher is there. Christopher, what can you tell us about the earthquake that happened as many of us know rome, so close to rome . Shall we discuss at the desk . Dagen, you have been following the story as we look at images. Devastation situation there. Dagen to be hitting with this in the middle of the night or anybody who traveled around any parts of italy knows that even though some of the areas might not get a lot of tourist traffic that they still have valuable an tiquieties in terms of how much the italian people cherish home places and where they live is heartbreaking this morning. If i think you know anything about italy everybody goes to vacation. North of rome so probably affecting the tourist, as you pointed out the tourist areas in august in italy but nevertheless as you pointed out every part of italy is such a treasure in terms of history and culture. Sandra hes racing to the scene right now. This is breaking news. We are trying to get any word out of their as soon as possible. Hes racing to the scene. We will get him on the phone and bring that to you live when he is able. Meanwhile we are moving to the political news of the morning and get back to that in a few minutes. The Clinton Campaign axing the Associateed Press for media bias. This raises flags of pay to play. Republican nominee donald trump saying clinton is making a mockery of the u. S. Its disgusting, it shouldnt be allowed, whats going on with Hillary Clinton, there is no justice in this country. There is no justice in this country. [cheers and applause] for her to have the privilege or the right and deleting emails, i cant imagine what was on the emails. It is so sad and the world is looking and the whole world is laughing at the United States. Sandra is the Clintons Campaign claim valid . Is there something to it . No, this is classic clinton dodge ball. Their game, everybody gets hit but her. You know, theyve been dodging the ethics issue of the clinton. Their teams argument is, ap is not playing fair. In reality, even the Huffington Post said they should shut down the Clinton Foundation and the clintons dont want to give up 2 billion. You can, i have no idea what the reality is with the Clinton Campaign is pointing out which was omitted, the fact that the ap report never pointed out that she or tallied any of the foreign dignitary. I dont know what the reality is but it would have been helpful to look at the full picture and come to the conclusion. Kevin are you talking about the schedule because she destroyed it and we never got it . Her public schedule, any meeting she may have had would have been on her schedule. I would love to see all of it, what her schedule entailed and draw conclusions, maybe the ap analysis is correct or maybe not but if youre only looking at a certain sub subpoena set you will find what you want to find. Sandra this story relies on data. It omits meetings with leaders. How can it play with voters . It does matter with voters. We checked back in may, abc and nbc had done less than five minutes of the Clinton Foundation by comparison donald trump a decades old allegation of donald trump pretending to be his own pr guy got eight times the coverage. Now close to the election clinton should have to answer all of the allegations of pay for play because if she doesnt, then, you know, basically we dont get any ans for the fact that they ran a foundation while she was secretary of state, giving 2 billion including at least 25 million from nations that either lock up or execute gay people. Dagen julie, i want to point out something and you heard me say this before, you cant look at these like this ap story which was a great reporting on their report could it have been broader, absolutely. You can look at them and isolation if youre looking at it in terms of politics, that its this and the revelation of the emails that Judicial Watch just released that for the first time showed a direct link between the Clinton Foundation and secretary of state clinton meeting with a donor and the foundation essentially helping arrange that, that that sitdown with her. So again, its the pile on, if youre a political strategist its one step and another and another. No question. Dagen at one point does it hurt her . I said they should have shut down the foundation, they never should have started because she had the ability to vote to donors on issues that could have been affected. Sandra all right. What i am defending, however, the ap report needs to be much broader and lets take a look and draw conclusions and right now i dont see any conclusions thats being drawn based on inference on limited subset of data. Sandra one in particular with former ge chairman and billionaire investor mark cuban over the Clinton Foundation. Hey to see having to defend illegal pay to play of Clinton State Department foundation on at megan kelly. Mark cuban chimed in. You know what its like to be falsely accused shouldnt you back up accusations with fact. Who dare i go to with this one, whats your take on this twitter feud . Mark cuban is one of the attack dogs for Clinton Foundation and presidency. The reality here is their side gets upset any time theres negative coverage and so little its ridiculous. To give you an example ryan from abc the other day he was doing a story from the new york yankees he had to out himself as a yankee fan. He gave 75 grand to the Clinton Foundation. Sandra thank you so much for weighing in on that. Its a busy morning. President obama vow to go support efforts of louisiana floods, his visit came too late. The highlights from the president s trip straight ahead. A lawsuit against starbucks getting a chilly reception from adjudge. What the decision means for your iced coffee fix. Thats next theres a lot of places you never want to see 7. 95. [ beep ] but youll be glad to see it here. Fidelity where smarter investors will always be. If only the signs were as obvious when you trade. Fidelitys active trader pro can help you find smarter entry and exit points and can help protect your potential profits. Fidelity where smarter investors will always be. Sandra deadly stabbing of a british woman in australia tie today terrorism. Cheryl casone has that story and other headlines. Cheryl whether or not attacker has been radicalized by extremist, northeast part of australia that occurred in front about 30 witnesses. The attackers comments could be construed of being extremist nature but not ruling out any motivation at this early stage whether they be criminal or political. Thats a quote from them. Theres no ongoing threat to the community as of this morning. President obama touring the flood damage streets of baton rouge tuesday. The president telling that the nation is heart broken and vow the country would help them to rebuild. Politics has no place. Nobody gives a hoot whether youre democrat or republican, what they care is making sure theyre getting the drywall out and the carpet out and theres not any mold building and they get some contractors in here and start rebuilding as soon as possible. Thats what they care about. Cheryl republican nominee donald trump and mike pence visited the region five days ahead of the president but Hillary Clinton does not have any plans to visit at this time. Finally this in california big victory for starbucks, anderson through out a lawsuit about iced to products ratio of cold beverage. The lawsuit filed in lawsuit says that there was only 14 fluid ounces from the cup. This is coming from the lawsuit. The 24ounces is stated at the drink size. Theres a difference. Judge anderson slammed the plaintiff and child could be deceived by the labeling. You can see what youre getting, you see the ice and beverage. [laughter] dagen what lawyers takes the suit, what lawyer signs onto represent these dufus in this case. The kind that wants publicity. Kevin this is start to go become the norm if you look at the judicial system. Dagen spend money to defend this. Kevin the guy was hoping for settlement. Why not just ask for a grande empty cup and then you put the ice yourself. Kevin ask for less ice. Sandra we can no go anywhere else with this. This. [laughter] sandra coming up annual pay raises could soon be a thing of the past, why some companies are ditching the ageold practice next. Guess who has been getting raises, executives were paying millions of more dollars while hikeing price on epipen, straight ahead a cancer diagnosis can be overwhelming and complicated. 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So why arent they selling like hotcakes . With comcast Business Internet and wifi pro, they could be. Just add a customized message to your wifi pro splash page and youll reach your customers where their eyes are already on their devices. Order up. Its more than just wifi, it can help grow your business. You dont see that every day. Introducing wifi pro, wifi that helps grow your business. Comcast business. Built for business. Sandra we are following Market Action for you. Theres not that much like right now but we are looking at futures edging higher and the nasdaq and s p 500 closed near record highs yesterday but one thing we are watching is the volatility in these markets or maybe the story is the lack thereof. Kevin, why are you concerned of the lack of volatility . Kevin a couple of reasons one because its been suppressed by the Federal Reserve when theyve done Monetary Policy like quantitative easing and some viewers may know and what happens is when it gets this low for a long time it springcoils and comes back violently and that could lead to another downward contraction in the market and theres a couple of symptoms to that. One you see correlateses go to one, oil, goes up, stock market goes up and its going up in one and its in the good in markets as well as historical evaluations. Once volatility comes back it can springcoil. With volatility being so low its good time to hedge. Sandra so simply the volatility index which we kept showing a perspective this week, this month, this year, there it is, we are seeing the lowest level that its been this year that can indicate complacency and can that be a contrary indicator for the stock market, maybe signaling a selloff in the market . Kevin last august when everybody thought there was going to be a rate hike in september you see the chinese devalue the currency. We went from low volatility on the year to high volatility of the year in month of august alone and august and september, 33 of all market moves 5 happens in those months. Sandra quickly existing home sales, numbers coming out in just a little bit. Numbers on new home sales, Home Builders have been benefiting for that. Kevin we do expect good numbers because theres been lack of capacity in the markets, youre seeing new come out, one of the reasons you see is the recession a bunch of Financial Firms bought up a bunch of houses so theres a lack of capacity. The housing numbers have been good and showing in home depot, lowes so you have having those retailers. All this related, come complacency there and not just shortterm Interest Rates and larger shortterm Interest Rates with tenyear treasury. If youre buying treasuries at this level and im paraphrasing, of course, you better look out if Interest Rates go out even slightly on longerterm bonds you have capital losses in those instruments and i think that theres a sense of real like ignorance when it comes to the potential for losses and fixed income. And the big issue there is you look across the globe, theres negative Interest Rates on 13 trillion of debt and thats in japan, thats in europe so they have to come to get that yield, youre seeing that is what happens. The market is in the sandra it really stuck out, some companies are getting rid of annual pay raise. What do you make of this move . Dagen, what do you make of that . Dagen reward people for how well they do. Ive worked with many bosses that dont do this. Sandra maybe it was just you. Dagen dont expect something for sitting there productivity keeps getting higher and higher kevin productivity is going down and it goes back to what every company is doing, cutting costs because growth is so scarce not only here in the u. S. But globally. As employees. Sandra average raises 3 for the past five years and that is as we have been reporting this, you know, the labor market has been improving so much that its not much of an improvement. 3 annually. Sandra 3 , yes. Dagen better than inflation. Youre making more money than inflation, so if you look at that, look at the past few years and how many years people that received Social Security have not gotten cost of living increases. Kevin people talking about deflation environment. You have larry saying stagnation so to get a 3 raise year to year is very nice. Sandra right now we have been enjoying the low gas prices, vi have been saving americans billions of dollars, how long you can expect the good news to last. Next and donald trump signaling a change in tough stance on immigration while promising to build a wall more after the break amazing sleep stays with you all day and all night. Sleep number beds with Sleepiq Technology give you the knowledge to adjust for the best sleep ever. The time is now for the biggest sale of the year, where all beds are on sale save 50 on the labor Day Limited Edition bed. Know better sleep. Sandra welcome back, im sandra smith, wednesday august 24th, top stories at 6 00 a. M. Eastern. An earthquake rocking central italy. 6. 2 magnitude earthquake at least 37 people have died and many remain trap as Historic Towns have been leveled. The earthquake was felt in roam and florence. Trump is softening stance on immigration. In the meantime tim kaine launching an attack on trumps Business Records. We are facing a guy who has not been a friend of Small Businesses. Donald trump has a track record and frankly stiffing Small Businesses, has perfected the strategy that Small Businesses cant afford the big lawyers and some have actually gone out of business or bankrupt because they believe donald trump. We ought to do things that make it harder for big businesses to use that kind of a strategy. Sandra the latest from the campaign trail straight ahead. Into the growing fears over the zika virus, cases of the disease found in northern florida. What that means for residents and travelers. New outrage over the price hikes of epipen as the cost of the device soared, so did the salaries of executives. How much one of them got just ahead, tesla competing with highend sports including ferrari. You should enjoy them while they last just ahead. Taking a look at futures this morning, not a whole lot movement but coming off of record closes s p and nasdaq yesterday, more gains this morning. New home sales gave a boost to the market this week, we are getting existing home sales out. A little bit later this morning and looking for lead