for nightly business report i'm jackie deangeles,. >>> a new corporate gold rush? there's an up and coming consumer group and some of the biggest companies are trying to tap into them. >>> a check on how currencies performed today. >>> while lawmakers in washington try to hammer out a budget deal, today a dire warning from treasury secretary jack lew. he says that the government actually has less cash on hand than expected, making congressional approval to raise the borrowing limit even more critical. the nation's debt ceiling is expected to be reached by mid october. >>> shareholders of smith field foods have approved a deal to sell the biggest pork producer to a chinese company. the $4.7 billion acquisition by shonguai will become the largest takeover or a u.s. company by n chinese firm. >>> a new report from research firm idc predicts that china, already the world's biggest smartphone market, could see shipments of more than 450 million devices next year. that's about 25% more than this year. part of the reason? china mobile, the world's biggest wireless carrier

for nightly business report i'm jackie deangeles,. >>> a new corporate gold rush? there's an up and coming consumer group and some of the biggest companies are trying to tap into them. >>> a check on how currencies performed today. >>> while lawmakers in washington try to hammer out a budget deal, today a dire warning from treasury secretary jack lew. he says that the government actually has less cash on hand than expected, making congressional approval to raise the borrowing limit even more critical. the nation's debt ceiling is expected to be reached by mid october. >>> shareholders of smith field foods have approved a deal to sell the biggest pork producer to a chinese company. the $4.7 billion acquisition by shonguai will become the largest takeover or a u.s. company by n chinese firm. >>> a new report from research firm idc predicts that china, already the world's biggest smartphone market, could see shipments of more than 450 million devices next year. that's about 25% more than this year. part of the reason? china mobile, the world's biggest wireless carrier

jackie deangeles has the highlights next up. [ shapiro ] at legalzoom, you can take care of virtually all your important legal matters in just minutes. protect your family... and launch your dreams. at legalzoom.com we put the law on your side. >>> carl icahn drops his bid to take control of dell. just gives up. jackie deangeles has that story and more. >> that's exactly right, carl icahn saying he'll stop fighting because he doesn't think that he can win. michael dell of course offering shareholders a private deal for just under $25 billion. it's a deal which has the support of the company's board. but icahn maintains dell's deal doesn't allow share loholders t reap the benefits. wall street journal reports he stands to make a profit of about $70 million on his investment in dell. mean titime molex shares shot u 31% on the news they're being bought. they get about 14% of its revenue from apple. and fworngeorge zimmerman is fr on go. his wife claimed he was threatening her with the gun. the couple separated shortly after the verdict acquitting zimmerman of murdering trayvon martin. sh

let's get more from futures now host jackie deangeles at the nymex. >> good afternoon to you, melissa. we are watching the futures here and seeing gas sell off even despite the fact that crude is up about a percent today and it's interesting because this is a trend that we've seen occurring over the last few months. gris, you're down here at the nymex with me. i want to ask you a little bit about this. why are we seeing these two going different directions? >> jackie, the simple answer to that is that crude oil is a global market and gasoline is a domestic market. crude oil is affected by the events going on in the middle east and gasoline is not at this point. when you look deeper into the numbers, gas production over the last six weeks has been 9.5 million barrels a day. demand for gasoline, 9.1 million barrels a day. means lower prices. we're coming to the end of the season for gasoline. we are at the end of the season. fourth quarter demand is always historically the lowest. i can see once the syrian situation does work itself out, and it will eventually, i don't know how it will

jackie deangeles takes a look at which companies could feel the most pain from closures. >> reporter: good afternoon, kelly. the shutdown looming and the markets have held up fairly well. today's losses excluded. just think that stocks have not yet fully priced in the shutdown and the debt ceiling debate. if washington can't figure it out, many sectors will be hit hard by this because they depend on the government for a significant portion of their sales. industrials are the first group closely tied and the numbers pretty staggering. consider some of the aerospace and defense companies like lockheed martin, raytheon, general dynamics. they have 97, 86 and 77% of their sales tied to the government, according to a goldman sachs research report. also in the last 12 months some of these names are up north of 30% so they do have a little bit of room to fall. i.t. another sector to watch. companies like harris corporation, motorola, a google company, and flur systems at 80, 69 and 54% of their systems tied to government spending. harris corp is up in the last months but it does leave downsi

let's go right to cnbc jackie deangeles on what it means for the markets and for you. this surprised people because for months the fed has been saying we may back down on some of the stimulus, now they're saying, no. in fact, ben bernanke said we have been overoptimistic. what is the impact? >> good morning, matt. a big impact on wall street, as you said. the market surging yesterday on this news but really on the effect that bad news is good news for the market. when we look at what chairman bernanke has been saying, he indicated there may be a pull but, of course, the chairman never promised that and he mentioned that yesterday. meantime, what he cited in terms of his reasoning for the decision the tightening of financial conditions and also concern over how pulling back on the stimulus could potentially impact the economy and, also, employment. he was making a very big point there. the take away from wall street that the fed was concerned about even pulling back the slightest bit here which means we have to focus on data as we go forward and we're going to be lookin

i'm jackie deangeles reporting from the nymex. we're watching the commodities complex pull back even though it appears they might approve a military strike on syria. traders are taking a wait and see approach as washington works this out. wti is as well under 108 a barrel and brent prices under 115. gold is pairing back the gains. trading under $1400 an ounce. metal traders are focusing on friday's jobs number and wondering what impact that will have on the potential for a fed taper. guys, back to you. >> thank you for thanchtsz tt. >>> phil lebeau has toyota now, phil? >> carl, these are big numbers from toyota. increase of 22.8%. much better than what the street was expecting. again, toyota, up for the month of august, 22.8%. when you guys look at this along with ford and chrysler, we're going to get gm in 13 minutes, we're looking at much better than expected sales numbers for the month of august. and i think there might be a chance that we're going to pierce that 16 million sales rate for the month. guys, back to you. >> that