try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. >> it sure looks like summer is over outside. stocks posting a turn around in today's session. but a wave of pessimism appears to be in full force, especially now. the vix jumping 3% higher. the cry resounding across wall street, protect your positions. more volatility is right around the corner. so let's go to our traders. what is behind all of the fear? >> besides the fact that european politicians? >> we all know there has been plenty of clouds out there and it has been difficult to navigate through the cloudiness. we knee that bernanke and jackson hole was something we would watch closely. i don't know how surprised the traders were down on the floor but everybody has been looking towards this ecb. the volatility index has been signalling, moving higher and higher and higher through the month of august. we have been trading at 1400. >> a year ago, i wrote a piece that spanish banks were the biggest fear t

try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. ♪ lou: on wall street, a fed-driven rally is spilling over into stocks again today. closing out the week, as you would expect, as multi-year highs. the dow jones industrial of the teefor points. it had been up double-digit. but the s&p had dow closing at the highest level in five years. it ready for the nasdaq. it was up 28 points, ending at the highest level in 12 years. we are getting close to its all-time high. the dow gaining more than 2%, nasdaq adding one-and-a-half percent, s&p up nearly 2 percent of the week. gasoline prices getting kind of importance, driving up consumer prices in august by six tenths of a percent of the most in three years. industrial production, one of the few weeks but in the economy today. all of the economic report. down 1%, the biggest one month decline in more than three years. retail sales however up nine tenths of a percent in august boosted by gasoline prices, demand for

try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. >> democrats are defending ambassador revenue rice in calls for her resignation from a top republican in the house, peter king. republicans are hammering her appearances on sunday talk shows recently where she over and over that the deadly banghazi was because of a attack youtube video. at the top of the hour, she'll be joining us live. >>> thousands of pakistan's islamic groups are demanding "down with america" and demanding the expulsion of the u.s. ambassador. >>> and both presidential candidates will use this weekend to prepare, but there seems to be a lowering of expectations going on in both camps. what would it take to make a campaign momentum shift for either side? we'll talk with romney advisor, former governor john sununu. all that and more coming up at the top of the hour. don't go away. >> students taking to the internet to protest the government's new school lunch program. the kids say they're go

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try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. john: we heard stories of government employees who retire with big pensions that would even when the government employees do work , do not work for you. they work for the union. it is called officials time because the government allows the time. some employees to its full time. teeeighteen is upset and is introduced a bill. [applause] and. >> 1978, when jimmy carter social-service reform act allow federal workers to have official time that means the union can designate people to represent the group of employees. to represent them all day long and get full salary within the department of defense. >> he is just doing what? >> mediation, arbitration, how sharp the pencils need to be. the number of paper clips. [laughter] john: they have work rules and. >> with the office of personnel management says we want you to report every year and the total amount of money that was exhausted. in $2,010,130,000,000. the tota

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you should be worrying. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's anothereason more investors are saying... [ all ] i'm with scottrade. >> live from america's news headquarters, hi, everybody, i'm jamie colby. prime minister is taking aim at house republicans in his weekly radio and internet address for not passing legislation that would help millions of struggling home owners. >> it's a plan independent not as far as an economist and leaders across the housing industry and republicans in congress, here we are seven months later waiting on congress to act. >> meanwhile, arizona congressional candidate vernon parker delivering the g.o.p. response hitting the obama administration on jobs and the economy saying the country needs quote, a pro

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because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. ...and we inspected his brakes for free. -free is good. -free is very good. [ male announcer ] now get 50% off brake pads and shoes at meineke. >>> welcome back. let's face it, unless you're a teen-ager who just learned to drive, no one likes going to the dmv for a new driver's license. >> i have to do this this weekend. >> you dread it. some people do like to smile for their photo in the end. >> but in new jersey that is no longer allowed. there's because a grin can distort your face. it apparently makes it harder for computers that use fact recognition technology there in new jersey to recognize you. >> really. >> now, i'm a naturally smiley person, right? >> i think we actually have our photos. our producers wanted to see if we were smiling or not. so let's take a look at our driver's license photos. we're both smiling. >> we're both smile be. i've

because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. ...and we inspected his brakes for free. -free is good. -free is very good. [ male announcer ] now get 50% off brake pads and shoes at meineke. >>> welcome back. let's face it, unless you're a teen-ager who just learned to drive, no one likes going to the dmv for a new driver's license. >> i have to do this this weekend. >> you dread it. some people do like to smile for their photo in the end. >> but in new jersey that is no longer allowed. there's because a grin can distort your face. it apparently makes it harder for computers that use fact recognition technology there in new jersey to recognize you. >> really. >> now, i'm a naturally smiley person, right? >> i think we actually have our photos. our producers wanted to see if we were smiling or not. so let's take a look at our driver's license photos. we're both smiling. >> we're both smile be. i've

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try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. >> president obama blamed attack on video instead of terrorism. rich good to see you. sorry there was a snafoo with getting to the studio. >> no problem. >> the state department people acknowledged that this was a counter terrorism problem why is the president hanging onto this video? >> he was an able man and his family and friends deserve our sympathy and support. what he doesn't deserve is stone walling by the white house to devert and deny. it was terrorism and it was planned. we had the comment and the house congre congressman rogers talk about this. there is a narrative that is out of touch with reality. this was a terrorist act and it was preplanned. just by happenstance it was on september 11th that these things happened? >> we had homeland security peeppeep peter king on the show. it is a falsehood. are you suggesting that president obama is also perpetrating the falsehood? >> i don't know what it is

it's anothereason more investors are saying... [ all ] i'm with scottrade. it's anothereason more investors are saying... one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america you it america's natural gas... is see this is a test gerri: many are talking about quint eastwood's appearance at the republican national convention. many are calling it bizarre. or you think of it? what you think of the criticism? is a good or bad or ugly . we also asked on gerriwillis.com, 41% said the criticism is good. 44% said it that way. 15% are in the middle. here is some of the e-mails from you. vending machines have something to do with high calorie junk food intake and schools. but more of a problem is the lack of exercise. kids do not get anywhere near the amount of exercise we used to. lazy kids get fat. finally, here is my goal. gerri, i enjoy your show. michael, thank you for that.seno and me an e-mail at gerri@foxbussiness.com. finally,

try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. so let's talk about coverage. based on this chart, who would you choose ? wow. you guys take a minute. zon, hands down. i'm going to show you guys another chart. pretty obvious. i don't think color matters. pretty obvious. what'sretty obvious about it ? that verizon has the coverage. verin. verizon. we're going to go to another chart. it doesn't really matter how you present it. it doesn't matter how you present it. verizon. more 4g lte coverage than all other networks combined. gerri: yesterday i did my civic duty and went to jury service and let me tell you, it was an eye-opening experience. the civil case that i and 11 others were presented with was this. a guy goes to a bar, gets drunk and is tossed out by bouncers. to be fair we didn't know the extent of his injuries or even if there were any but at any rate he sues the bar. the lawyers gave us scant details as they interviewed us who would be a good fit

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try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. >> well, in tonight's chalk talk, we've laid out how america's taxpayers are financing the unions and how the president's health care law is in the judgment of our next guest, an effort to unionize 21 million health care workers. mallory factor, will all of these and many more stunning pacts of information together, and has written a brilliant new book "shadow bosses" government union control america and rob taxpayers blind. great to have you with us. >> great to be here. what a chalk talk interesting. >> lou: i've got a lot more for you to cover and we're going to turn first to the very idea that this is a significant part of the true obama agenda. >> this is the real agenda, the real agenda by these unions, the government employee unions was to unionize health care. they only have about a million and a half health care workers unionized. but as government starts paying more and more to our health care servi

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it's another reason more investors are saying... [ ] i'm with scottrade. >>> welcome back. forget all the talk about china eating our lunch. have you checked the stock market in china lately? it's at lows not seen since march 2009. two key economic reports showing china's manufacturing sector shrinking. at the fastest pace since the global financial crisis. as we bring this conversation home we're wondering whether chinay slowdown is good or bad for u.s. markets and corporations. global corporate strategist robert kuen says this will hurt the u.s. thank you both for joining us today. robert, make the case. how does this hurt. the china slowdown, how does it hurt the u.s. market? >> china and the u.s. co-vary together. as china prospers, america will prosper. that doesn't mean in individual sectors that's the case but overall. the american standard of living has been raised by cheap chinese imports at quality levels that no other country can match. that's why we have a severe trade imbalance. america has enjoyed that high standard of living. that's the case. but china's slow

it's anothereason more investors are saying... [ all ] i'm with scottrade. wouldn't it be nice if there was an easier, less-expensive option than using a traditional lawyer? well, legalzoom came up with a better way. we took the best of the old and combined it with modern technology. together you get quality services on your terms, with total customer support. legalzoom documents have been accepted in all 50 states, and they're backed by a 100% satisfaction guarantee. so go to legalzoom.com today and see for yourself. it's law that just makes sense. you is an compromised weapon of union delegates still have to the strike. meanwhile, president obama visiting today with the families of the victims of the attacks on the u.s. consulate. now it is time for your comments. dennis says it is about as strong as a used tissue great we also asked about president obama's comments on gerriwillis.com. 97% said no. pretty strong reaction, my friends. here are some of your e-mails. can rights that those who are invested in facebook deserved to lose. what do you want, it and

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because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... i'm with scottrade. >>> during a time when investors are on the hunt for the yield, 2.9% shares down after hours i did get a note out saying that tech dividends have doubled over the last five years to $32 billion. >> thank you for that. the fed fueled the liftoff for the markets. i did check on the charts. let's start off with the s&p 500. >> great, do we have a picture? >> yes, here we are. this was interesting. you are having another run with the break out with the s&p and the dow moving through the august peaks. you have an extension of an already aging bull market and it allows the possibility that you are going to go back to the 2007 and 2000 levels. it already shows you that you are going to go to the decade that they talk about during these longer term bear markets. but at the moment with the lift off that we saw, the indicators have improved such that, the new highs hav