neil: it' june, ready to swo? forget today, are bad days coming soon? i am neil cavuto, june creates most headaches this month we're just starting the month we storally s the mos selling, this particular jun so happens to be whe allf the scandals are approaching scalding. i am talking about news for more than a couple of rogue ageies, cracking down on conservatives, try 88, they were not just sere -- zeroing in on groups they

were targeting individual donors. who knows where there is going. it is hard tonow where this goes, here is what i not, a lot more hearings, a lot more questions, if you are looking for more progress on anything else iashington, lots of luck, no one i talking about deficit or tax reform. everyone is talking about not keen on irs agencies policing heth cares, noe up with a cdible alternative. this leads ni believe to few alternatives in june's stocc, when no less than ben bernanke hintshat rescuing days coulding windi down, you tell me how stocks can trade up? i know wall street climbs a wall of worry, but so many walls and woies? i hope we never get swooning,

forgive me just the same if i am sweating, swoon or boone? john ellison. and pat buchanan. and bob dobb what do you think? >> i don't think we have a big down side. i think washington dc monetar matters, how many times can i say it. until the debt ceiling issue, washington is a side issue, all of the noise around when you put to table will hopefly not matter a lot to markets. >> to that point, john ellison,

heept repeating monetary matter. the federal reserve is only game in town, any hint they sp feeding this with 85 billion a month of buying securities and keeping interest rates as low as they have,hen allets are off. >> i agree, it is interesting, there reasonor stock market to have risen but the market ahead of the economy. we have a lower per capita income since 200 we have challeng in europe, china and india that impactsur economy. it is clear that fed is driving a lot of what is going on in the stock market. while the fed can print money for a while, some day, you have to stop doing that. when it does, you could have a rise in interest rate that would impact the relative investment

in stocks, maybe not in june it could be a yearr 2 from n, but, fed policy has to change. neil: you know, pat, i without getting too work. ed out here. one thing i notice in this month of june, its one of the more probletic months of the year, out doing octer for freakish evens having said that, do you think any of these scandal would provide those events? as this more widespread at irs it looks like we're getting different stories out of the attorney general. when it comes to chasing down the reporters, what plays out in your mind, pat? >> in the economy, i don't think any of it really does for this reason. the president of the united states has not been directly touched. there is no danger or power they will move like this did toward clinton and nixon toward

impeachment. we're getting nothing out of this congress and president. republicans are against tax hikes. and that is all been f factoredn i think already. o big question mk for me is iran. because despite what is happening in syria, iraq, and afghanistan, that is only place i see a real possibility of an amican clash, that could have an impact on the economy. but that down the road. neil that -- but b, i know that wall street pack backs of you reminded me about over the many years, we have known each other, one certain thing i could see this summer, is essca lawsuiting scandals that could touch the oval offers, hey have not as yet, highest they go to maybe the justice department, i

would think in that environment, wall street likes to see certain things done like addressing the deficit. and a simplified way to deal with our taxes, this gets in t way of that. >> both of these would be good, that is tax reform and a lower deficit. >> but that is out th theindow. >> but cyclical deficit is falling. neil: but not for long. i don't know, bob, your point is well taken. john this ukuphoria toeficit coming down,hen you used to trillion dollar plus deficitting, this is progress, but it issstill money piled on theebt, i think thi is a short-lived phenomenon. >> yes last year we celebrated a

lot of taxes, then a demograpcs when you get massive deficits o 4-5 years downs rhodes. we still show united states has aegative net world of about 40 trillion, in unfinded die littlever aundred trillion, now is the time to a act. but our problems are not getting better they are actually getti worse. neil: patrick? >> yeah. you kno the attorney general i think could go down the tubes over the scandal over jes rosen and the ap. i thinkhat benghazi scandal does n reach the white house. the president was out giving same foolish talking points at susan rice. but i do agree there i a potential for irs to reach into

the washington, thatsot there now but if they at the white house 178 times, it is hard for me to believe he never surday down, and talked to one of the politica fellows and mention the word tea party. if someone has not told the trut that is the problem, if they get it in there, they could have an impact on the president, what is going on in the economy and the market. neil: when i look at markets running ahead. i say here mange to step back, and regain pom kosure, as i do in the middle of a meltdown. hen my fixing a on all things bubble-like. and whether one of those big bubbles i about to pop. or a notion 13 loves gridlock --

this noon that everyone loves gridlock. what do you thiik? >> i don't think we have a double in stocks or bonds, stock market still yielding more than a 10 year pressure. >> reporter: rates are not highes they have been in a year. >> all the way to 2.15 on a 10 year pressure. neil: i talk to young peopl here. who tell me, neil, i'm gting nervous, i might get stu with a 4 something mortgage, that is what we had her day, their perspective is only tt. >> we have an environment here where the economy is not strong enough to withtand very high interest rat. watcher the fed.

neil: i don't know, but pat we could have use that argument during the caters year, rates can't get too out ofhack, right? >> about what matters is level. >> i do believe that theed is thee ge. i think everyone should wash that, if bernanke starts to move in the oth direction, i am almost certainly will this some kindf dramati when he. >> john? >> i agree. quick thing, people don't reize this under dog frank. just saidery low lending standards for qualified loans, it has a lot to do with what i

happening in houng market. we're probably setting the foundation for another houng bubble. it tight make 95 or 10 houus to get onhe road. >> i would qualify under these new standards. i want to thank you all very much, good chattingg with you. >> in the meantime, maybe the first tip-off was the name, wart me, maybe the second is who is playing. the united stes and china. maybe the final hint, all of this was announced, both leaders meeting this week, we wanted you decide if we're all takenen fora ride. >> you died if north koreans, not ung their own currency not ung their own currency means ts go srts using mor

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neil: i heard about our latest offer to china, all i could thinkbout is how the invitation would read. you areordiallynvited to join us in joint naval exercises, politely ntear. what is the next line? be there or be square? china and u.s. sitting down in the mid els elyce stevens rohera hack -- middle of a hacking scandal and perhaps a trading scandal as wl. james lions on why pys nice with china does not always mean making progress with china. i was lookingt this, admiral, i said, we're playing the same

old gam we're back too that. what do you make of it? >> we got to step up and realize we're in you on second cold war, with another communist, totalitarian regim that ii what president obama needs to make clear in his meeting in california with the chinese president. he has to show t leadership, that has been lacking up to this point. neil: what does he do? argument that been we feel indebted on chinese because they y so much ofur debt, we don' want them to get annoyed. i never pout that i believe that they need us more than we need them but i don't wan to go down that side road, wu we're always on defense. why? >> first of all, you know i don'whyeveryone is shocked on ts

hacking issue. it is 21st century spying, it has gone on for a millennium and will continue. the chinese, in tir meeting in liforniaill agree to a further meeting and set ul principles on cyb warfare. about what will it mean? thing, bute would abide by principleseses, and chise won't, it will be to o net disadvantage. neil: we're at loggerheads. what to we get out of china dog joint exercises with us? >> let me tell you, what it does for china with all their hacking and penetration of our intelligence, defense agency its will prove is that the intelligencehey have been able to gather they can now check in our actual operations in haii.

this makes no sse to me. any i was cmander in chief of pacific fleet it would have been like me inviting soviets to participate in our exercise to show home our coordination, a communication service and how we operate. neil: do we getting anying out of this to spy on their stu. >> they are not going to show us anything, they will havempty political komisars on their ship. we need to do, is really get sirius. first of all, w need to tell china, look, you have blt a navy to go against the u.s. na navy. your antiship ballistic missile, are not geared to go against the bangladesh navy. weonsider this unconfidencely rattle. further -- we consider this an

unfriendly act, and china has 3,000-miles o of underground reinforced tunnels for the nuclear sategic intercome inteontinent balli missiles. they estimaae that chi ha at least 1800 warheads, we wan to go ahead and further reduce our warhead inventory? put our national security at risk? this is nonsense, what president obama should make clear, to the chinese president, we're going ahead with the modernization of or nuclear infrastructure and developing new war feds that is how we'll start the a little. >> wouldn'lile. >> i wouldn't holdy plet breathr that. >> we need to we have to

develop, a very complete offensive and defensive cyber warfare plan. which will then auallyold our companies who fail t comply with -- when they find they have been penetrated and don't putn place the necessary fire walls and protection to protect this sensitive technology and information they are to have their connracts rescinded and they need to be fined. neil: all right, admiral you make way too much sense always good sing you. >> thank you. neil: thank you. meanwhile time for anyone to apologize for which whole irs mess. darrell issa? are you kidding me? are you kidding me? case you hurt my feelings, todd. i did?

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neil: pied liar, that is how described white house press secretary jay carney. now robert gibbs demands that darrell issa apologize apologiz. is that real story could probably real story commentary. time to beam someone up? >> well become quite obvious that j carny is paid by this administration to lie to the american people. neil: now, now, you are compounding the sin. lie is a strong word.

we don'tnow? >> let's look at this three direct lieies, i, jay carney lied o behalf of the departmt of treasury, saying that irs scandal just started and ended with those in cincinnatiing truth is goes higher,. neil: could y argue he did not know. >> then we need better communication. if that was on its own, but now lie number 2, heas paid by stat department that benghazi talking points weever edited. it is obvious they were repainted by hillary people to make sure that it looked better than truth was. >> all right. >> reporter: then lie number 3 he was paid by department of the justs they eric holder never knew anything about -- targeted then. signed off on warrant. biggest lie, this is the most trsparent administration.

neil: i would get him on this, this hair cut does not cost more than $ 10 thing do they hurt their cause when they go so clearly for jugular. but they look this is all about a political kill? >> yeah there is no question, you know people are so frustrated, they lack so much trust in government, the scandals do not help, but these are like little childre on a schoolyard fighting. while all of the while we hear of politicians in washington uabbles and fighting and nit cking, small be owners struggle. and -- small business oers continue to struggle and lose jobs, we're seeing these fights and squaquabbles we should see

washington sto doing the bad stuff and stop the scandals. this is crazy. neil: christian, do you think when a former top administration ofcial, i the name of robert gibbs says that darrell issa should apologize, he reawakens folks to anyone in the admistration should apologize to the american people very having us go through this. >> remember, part of the reason they are scandals is because darrell issa told us befores evidence demonstrates it these are scandals -- >> i think -- we're part of that point where what irs was and doing to 98 -- >> no but the scandal is whether r not this comes fromhe white house. darrel ice is darrell issa has -

>> listen, what is good for t goose can't be good for the gander, i that behavior calling someone a liar circumstance fenciv--offensive, then leavingr not asking for answers from white house is just as offensive? >> we wan answers from the white house, issa is in charge of a critical committee that checks thehecks and balances of our system, he should take charge of that. but he has done over -- >> we don' know what evidence circumstance we know it mushroomed, scotty, can we stop the name-calling g back evidence to that to your points. does impcate more individuals than we know wheth this is up to wte house i have no idea. but i will say they are gting shifting stories,tion that be

the focus of the republicans >> we're not talking about a scandalike bill clinton and monica lewiny, that does not affect importan important people -- american people. these affect people's rights, people have lost their lives such as the case a as benghazi. all three of these scandals are more than just thing on a soap opera, these are things targeted and lies. neil: i wish i could get backo something else, but i want to get you back, scotty, i'll put you down as a maybe on this administration. when we come back. imagine if we stopped using dollars here, we lost so much of our faith in our currency we used other currencncies.

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why l erectile dysfunion t in your way? talk to your doctor about viagra. ask if your heart is healthy enugh for sex. do not take viagra if you take nitrates r chest pain; it may cause an unsafe drop in blood pressure. side fects include headache, flushing, upsettomach, and abnormal vision. to avoid lo-term injujury, seek immiate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or hearing. this is the age of taking action. viagra. talk to your doctor. neil: get ready for, this guy firing another missile. he will have to do something to get his citizen's minds off their money that is all but useless.

north keans think that their currency is a joke, they are abandoning their own currenciry for more stable bills from countries like china and the united states, ain't tha a kick in pyongyang's pants. and maybe the world's pants, every time it gets bad in north korea, theeaders do all they can to defle their citizen's attention, this worries me. this is from someone that wants to stay alive perspective. >> i tell you what, any time a society's currey collapses or when that society uses currency or urban elite use it, as sor of a you know means of tra, that is a sign that the leership of that particular cotry is collapsing. then you add to that this

exosion of information in north korea. this is all relative, but urban elite in pyongyang are beginning to not only understand how their own economy is in a shambles but the rest of the world's economy particular of that nation to south is doing ver well. that the rock under kim jong-un is fracturing. neil: would that worry you? if you are among elite in north korea, and are you trying to, forgive my crassness, play this crisis. you know people a abanninging your own currency in favor of almost any other currency. you want t getut of dodge, but you can't. but you don't wanto do anhing to go against the flow, right? >> not exactly. revolutis in these types of society don'tappen -- great

danger is that ruling elite, the military bureaucratic and political elite in pyongyang will get so sick of kim jong-un and his inner circle and they try to take control. neil: but whatf they call the shots say, our country is a toilet bowl but if y cou launch a few more missiles, we can get the peasant's minds off this other stuff. you are right. %-korea since 2009 when their black market economy began to collapse. yo ave a very thin va near at the top who are doing reasonably well by north korean standards. but the middle management. at look around thinking to themselves there has got to be a

betteray to do this this lifts kim young uni's grip? >>rue. and which --ou see in country right noww is this huge sense of unease, amo bureaucrats and sort of merchant class and among the army we'll see. neil: you know you are very good this economic stuff, thiss the last time i'm going to book you, because you areal most too good, thank you, veryuch. interesting take. how about oneet price for flying as much as you want for a month, for one airline, t (announcer) at scottrade, our clients trade and invest exactly how they want. th scottrade'snline banking, i get one view of my bank and brokere accounts with one login... to easily move my money when i need to. plus, when call my local ottrade office, i can talk to someone who knows how i trade.

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advair contains both an anti-inflammatory and long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not bused more than twice a day. people with copd takingng advr may have a higher chance of pneumonia. advair may incrse your risk of teoporosis some eye prle. tell your doctor if you have a heart conditio or high blood pressure before taking vair. ask your doctor if including advairould help improve your lung function. [ male announcer ] advair diskus fluticasone propionate and salmeterol inhalation powder. get your first prescription free a save on refills at advaircopd.com. neil: surfing for an airfare al, y might top check out surf air.

you can travel for a month in california, surf air is a lifornia commuter airline for now. has enormousppeal to business flyers tt fine cost of flying from san fncisco to s santa barbara. it is a start, issue number one in our biz littliz blitz, monic. >> i think when it comes to a subscription service it works with limit openedtions, that is when -- options. you have a predictable opportunity to see how much things cost, you have travelers within 400-mile radius ts a few places it can work, but when it is nationwide, doing pay-as-you-go, that is not going to work. neil: done jetblue have something like this for a while. it was later shelved. but, a lot of people will take you up on that offer, you will fill the seats, they paid a one

time set fee, find out you are not making money off those seats. >>ell, that is an interesting model. looking back. erican airline tried ts a while back at a higher price, this i interesting twist, biggest appeal is solving some convenconvenient hassles, but ty the aircrafthey a really nice for single prop aircraft but, i flu on one once to jacksoille, floridat took 7 hours. neil: not a learj. what the dell? are the dell computer guys high or hybrid, they insist that they have the best of a laptop or a

ipad. >> this strikes me assa. early days of the automobile industry, with so many pieces mong to figureut what a car would look like. it feels like there is a lot of uncertainty in all parts of that mobility and technology eco system. a lot of people are throwing stuff at the wall, hoping it the work. neil: haven't people decides. they want the ipad. >> i think it isxciting that dell has decided to be last computer company to offer an ipad. fabulous, andhey executing

upon 20008 business plan. you know there is nothing interesting going to here. come on. >> we have devoted a segment to th, i a not saying you have go along but it would be nice. >> dell trying to buyback the company, why would he put o something that would shake the earth right before, and raise stock price, doe not make nse. neil: okay. issue three. apple may feel sick, google toppgpple in apps downloaded last month. all ofhose droid, sa samsung enthusiats did believehis day would come, they take apple over on app fronts. >> well, because app was pionr, but i have to tell you, google has at least in its device world, is to me a little

bit more on the side of open frameworks, you know across devices more traparency toe. that is a mh more powerful dynamic than apple. whh, younow we'llake you the best consuer pduct in the world, as long as you like to the way we give it to you, i don't think that is the core dynamic that the internet era and technology era enables. i am betting on google. neil: i'm fine. that when i was looking at samsung phone years ago, n apps, very nice, very cool phone. buhat was -- now, every app you could want on those phones. i am wondering down the road for others who apple skeptics might be a game changer? >> i think that key point here for me is that no longer is apple providing a product that is so revolutionary, if that i

want to continue to chae a prepremium they have to show thy are staying on top of tha 5 years ago iphone was spectacular compared to a black ber that's lood like a piece of crap but now that not the case any more. neil: ds blackberry advertise on the show. >> a beautiful piece of crap. neil unions expressed by monica -- seriously, thank you. too many tornado in too little time. aign that tornado alley residents had enough? there is a new wind blowing,or oklahoma it might not be good. oklahoma it might not be good. th i want to make things more secure.

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neil: this in in, 16 people confirmed dead, that number could climb as rescue workers continue to search for latest vehicles of- victims of the tornados in oklahoma. thene earlier is forci most deteined to seek out other areas, bt question is how many. we see this in florida, a few years back, after a series of category 3 or better in new orleans after hurricane katrina and downtown new york city aft 9/11. who knows maybe the sweeping fires ops scorching much of soun california will have the sam effect, folks who want out of there. psychotherapt robi ludwig, said it boils downo denial? >> i think that denial. also when tngs areamiliar to

us that equals happiness and safety, to some extent there is some vulnerability where you live. there is no pla that is om complete plecompletely safe, wee risk, we live a ltl bit in denial. we all live in denial otherwise we would be a neurotic mess. neil:ou wonder, with back-to-back serious tornados in same area. does it give themse, to say if i go through troublef ebuilding it could happen again, i don't want to make that chance. >> for som people, but others are stuck, itshere their ffmilies are, their lif is and their jobs are. they fall i lov with where they liv i am in love with where i live. the other point. neil: you c't fit yourome in a zip code.

do you tnk, i emember rig after 9/11 a lot off folks moved out of downtown manhattan. many mostayed there or bought, were richly rewarded. but you always are. >> i think in back of one's mind, the possibility for something bad to happen conditio happen because it already -- can't hoo happen bece it already did, we' told you have to live your life, other piece is emergen manage think. why are we not protects our people if we know a certain area is vuer inn. -- vulnerable should we protect. neil: realizing when we rebuild, build better. japan i have bn there many times i look at tyo with its share of earthquake, it is darn close to an earthquake reis a staresistance one, with each

rthquake they make the buildings stronger and stronger. they make their construction more responsive to the next disaster, here we build the same. i know chris christie to h credit in new jersey are tying toake sure -- >> i love how he is handling that. >> no eryone does, when it comes to oklahoma schl system, let's protect our kids, have basement that can handle. u know the tornados that are going on. we should not leave people vulnerable. but truth is we live in a world where anything can happen. >> what do you tell your patients, when they say, i don't want to live in manhattan because wild be attacked again, and i don't want to be in south, a hurricane season, and i don't want be no in california with

mudslides and fires. >> iould ask them, where do you want to live? where do you think is saf. neil: how is iceland. >>urope, paris? neil: iould deal with paris, if i could just dl with structures and the food, not the ople. >> i have patients to really wanted to move out, if that is where they feel saferhey need to do it. what you need it to to protect yourself. neil: people cocoon after something like ts. >> it is appropriate. fear is designed to protect us from harm. just when it over firing it can be dangerous for us, it is stop us from living our lives, always a fine balance. neil: you see one days aster afternother. -- disaster after another. >> just feeling a realism these, in city we have hurricanes, it

was so disruptive it was horrible for many. neil: it did a lot ofamage. >> i don't know if people are ever ready for this kind of trauma, but, i sawhis quote, the worst of mother nature brings out the bestn hum nature. there is tru to that. we see best in human nature when people experience this tragedy together. neil: a very good point. you get top dollar, don't you? >> thank you. il: dr. robi ludwig, stick around, the staff one at a time will startelling you our problems. neil: when mickey gets piggy is neil: when mickey gets piggy is it time to give the magic you hurt my feelings, todd. i did? when visa signature ked everybody wh upgraded experiences really mattered... you suggested luxury car service instd of "strength training with patrick willis." come on todd! flap them chicken wings.

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now $72 i have tried that actually t reached under that and pop down more cash on the table because it will cost more and it is now going to infinity an beyond. >> i want to see u in a diaper. >> you are not alone. >> i am the ampion of the free market system more power to them that is their choice.

but as it conts to escalate but it is genius that the more days you go to the cheaper becomes. whathey're doing is making sure you wa to spend more days there and less of the competition of uni and busc gardens that is intelligent with marketing. neil: the timings gfy we're ju coming out of the recovery. >> noonly that but many people are stuck with higher tiet prices would it hurt them to announce at the end of last winter so people could pl around it? they're taking advantage of people who are stuckinto a disney vacationut that being said, people find them to be a lifetiie expeeience i have no problem with the actu place but the timing stinks. neil: i is a small world after all and now have to

pay more for that song? i don't think so. >> in case anybody thks this a mickey mouse again.iofinigan -- tnk they know what price the market will bear but we have 350,000 small businesses across the nation and the main street is out there in our community is far different from any disney property. people are struggling, uncertain, higher taxes, more regulation, they are scared. and like a large corporation or disney small-business owners cannot just raise prices or they are out. is part of never, never land neil: i ke e analogy. [laughter] but maybe it is the strength of the recovery and we don't

have to fear as much with the major entertainment come on -- conglomerate feels comfortable hiking prices. >> this is on 25 for $3 more for a family of four when you add it together plus maybe one toyhen it will be tore up at home by the dog. il: but not the turkey leg that would be the choice but then it is game over. >> i don't see that happening because people go there to make the magic and make the memory and $30 will not stophe trip but down the road if they keep escalating the price. neil: it is a market. my only fear is that others follow suit to go to families and they make enough money as it is. i am not -- year to police

capitalism but the timing is we ears. >> this doesn't speak to the larger enomy that is still in the area where people are struggling buttheme parks are there on the economy and they can operate by their own set of rules once you commit to promising your kids you go to disney u cannot be dissuaded. >> kids arnot going to disney. >>, you try tat. >> youellour five year-old he will not take him and you will already put them into therapy thank god have obamacare. [laughter] neil: it is the bottom line? >> it is. if our politicians really want the consumers at dieyland to be successful to see that don't raise prices let's make the landscape better we just

keep telling politicians stop making it a mom-and-pop on the of wild toe riride. [laughter] >> thank y all very much >> nominee with melissa frances is next. >> the irs seeks a new low. it is hard to believe but $50 million on employee conferences between010 and 2012 including motivational vios like the cupid shuffle. can you make of madness stop? $1 billion or best how huge offers through the era of sub billion dollar buyout is upon us again but are the company is really worth it who madeoney today? investors making of a breakthrough against skin castor -- skin cance