♪ ♪ imus in the morning ♪ >> you know, it's been great. for six months stocks went up, but has wall street peaked? good morning, everyone, that's always tough to answer. the 2013 rally was great, but seemed to stall this month. well, the news this morning of this, there will be a solid bounce right from the get-go. the dow has been up and down like a yo-yo. at the opening bell today, we are going up. the snooping scandal now has a single focus. it's google. the most powerful internet company in the world is developing an image problem.

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>> push back time in the nsa snooping story. google fighting back after its image came under attack. and letting google going public with the national security it gets from the government. google is doing this to prove it was forced by law and does not comply with every request. we have 425 active g-mail users worldwide and wants to show he doesn't like the snooping, but has to comply with the law. google's image is under attack in other ways, too. its chief eric schmidt has been called a crony capitalist after organizing the tech boiler room

at president obama's reelection campaign. there's no impact on google's stock on this whatsoever. no impact because of an image problem at all. it's up again this morning, it's closing in again on $900 a share. we've got wild swings in the markets every day just about, up and down 100 points. here we go. is that a sign that we've hit a peak? should we put away our brand newdow 16,000 graphic? we'll have an answer to that one for you. and a company that we put on death watch, game stop. doing just fine, thank you very much. the stock has been on a tear since we put it on death watch. so does this call still hold up? >> in the next week we're talking a few years down the road, but people going to stores to buy video games is going to be a thing of the past. we're around three or four years away, but it's not looking good i would say for the future. i'm a carel investor.

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bring you that in a couple of minutes. to the the question he of the day, have stocks peaked? simple question. do you think tres knippa come forward and give a straight forward answers? >> i don't know about the straight forward answer, but clearly the market is concerned about rates. interest rates have been ticking up. i've got an awful lot the of contacts in the real estate and mortgage world and can tell you firsthand the mortgage bankers i talked to absolutely have seen a slowing has rates have picked up, a slowing of activity. so for me and my asset allocation, i'm going to take this opportunity to reduce my exposure to real estate because maybe the market is topping out a little bit. if rates are going to pop up. what's odd about this, i'm saying that i think that rates might work higher and the exact same breath i'm going to say that the chance that ben bernanke is going to taper off fed activity in the bond market is zero. he absolutely can't afford to have rates go up, but that

doesn't mean rates can't go up anyway. >> you got to it in the end. if the chances of ben quitting printing are zero, then the markets and stock probably is going up. i think that answers the question. all right, tres. what did he say? i think we lost him. we lost the connection. the dow industrial average has opened higher and they're off and running. the dow is up 12 points in the early going. we're looking for a 50, 60, 70 point gain, maybe more than at that when we get firmly off and running this wednesday morning. first out of the box, i've got news from caterpillar and i'm g going to call this a big company win. hourly wages for current workers frozen for six years and they'll get a lower pay scale for new hires. one thing coming back to the workers in return and that is they're going to give each of them a $4,000 signing bonus. anyway you slice it, you add it

to. up to me, that's a win for the company. the cat stock is down, opening up at $84 a share on caterpillar. i call that a big company win. facebook investors, sounding off on the company's first shareholder meeting. and listen to what they said to mark zuckerberg, one called the stock a disaster and one another said he invested blindly. and another asked if the stocks are a bargain at the current price. zuckerbeeg did not have any real answers. all right, nicole. the stock price please this wednesday morning. >> well, 24 it's a bargain. a couple of thoughts, number one, when you're investing in a company you know you're taking a risk regardless, but, i understand why people are upset. this was a $38 ipo, when it pulled back and it was around 20, you heard zuckerberg touting how fantastic the company is and

he says that he spends most of his days reviewing the products at every stage. looking at advertising, money making ideas. i mean, he's working on it and believes in the fundamentals of the company, but he see it's up nearly 1%. stuart: i would not be happy if i bought that thing at $38 on day one of the stock and now it's 20, i would not be happy. tell me, google, we talked a lot about google's image under a lot of pressure with the snooping scandals and crony capitalist eric schmidt. tell me about the stock. nicole: they were both up fractionally. here is is a look at google. needham raised their price target on google to an even thousand $1,000 is the new price target based on cash flow analysis. i have to get back to the point. when people are investing they have to know there's risk involved. stuart: are you talking facebook? >> i'm talking facebook, if you bought apple at 600 or $700 for

that matter, it's disconcertinet to4 ceve. aolvgr dbr%oer here is keith fitz gerald, portland, oregon. what do you make of that? a 60% chance of recession, three to five years out pimco. you say what? >> that's like predicting ten out of the next two recessions.

i respect bill gross, a great manager, in 2011 said get out of treasuries, wrong. and death of equities, wrong. said stocks will be single digits and anybody listening to this will probably go to the poor house. nicole's point, diversified program and-- >> that's a pretty thorough dismissal of bill gross and pimco. nicely done, young man. and the question of the day, have stocks peaked? 15-3 changed for the end of may, all-time high for the dow. is that the peak? >> a tough question, stuart. i don't think so and i don't think so because ben bernanke doesn't have the guts to take his foot off the gas. we've got a taste of what happened when somebody takes their foot off the gas in japan. that's what he fears in the united states. as long as he has that foot down, i say upside. stuart: the dow is 15,231. do you think that's a realization about ben and he

ain't going to quit printing yet? >> i think so. that's what it comes down to. people in the central bank. you can't fight the fed and there's also an emotion and people realizing the train has left the station and came off the march 2009 lows and weren't in the market and now faced with a double-jeopardy problem, they've got to catch up and trying to figure out where to put the money and that's creating a little bit of hysteria. generally, there's an upside bias. stuart: you have no impact from the chaos in washington d.c. all the scandals du jour, here it comes, no impact on the market whatsoever. do you agree with that? >> i do. the public realizes that washington, sadly is a joke and in and of itself. it's the butt of it's own joke. its testimony is the resilience of the american people that they're able to get on about their business, even though washington can't. stuart: all right, keith

fitz-gerald in a not raining portland, oregon. remember that. i've got a big tire deal to tell you about. india's apollo tyres going to buy cooper. i've got to believe that cooper stock is up on that. nicole: it is up. because the offer is a 43% premium to yesterday's close. and as a result, you're seeing the stock up nearly 43%. moments ago it was up 41%. so, you are seeing the big jump on the news of this 2 1/2 billion dollar deal of india's apollo tyres taking over cooper tire. cooper tire and rubber. it's interesting that goodyear tire is up over 3 1/2%. so a lot of action in the tire world. >> we'll take it. thank you very much indeed. have i put your company on death watch? you should be so lucky. take a look at gain stock, straight up it goes. let's bring in rush, with gaming

website polygon. who gave a-- i've he got to admit i put that thing on the death watch. you didn't think much to it. you thought it was going away in three to five year's time. are you sticking with that call? >> absolutely. nothing has changed for this company. essentially, this is still a company that is based in selling video games and video games are going digital. that being said, it's going to be a very big year for them because it's a hardware year and the only play is to buy hardware is in a store. stuart: what do you mean it's a hardware year is? why? >> later this year in the holiday season there's going to be two major consoles one in microsoft and one from sony and the only place people are going to be able to get these is go to a store and game stop is the place to buy video games. stuart: tell me about the rivalry between the microsoft xbox 1 and the sony playstation

4. both want to be the hub for my living room. a big battle. who is going to win? >> it's a good question. from a gamer perspective, people that just want to play games, playstation 4 seems to have an edge, but xbox 1, people who want to watch tv and hang out in the living room and might be more your speed, stuart. >> what do you mean more my speed? >> i don't think you're a gamer. correct me if i'm wrong. stuart: no, i'm not. i guess i'm too old for that. so can they become the entertainment center for a living room as opposed to the desk top or the tv or whatever? >> i think they can. this new xbox is actually going to plug directly into your cable box. a lot of people already have this setup and they're trying to make it easier for people, oh, i have a gaming console that plays movies, plays tv and does everything i need and they're

definitely making it a step in the right direction. >> would you do me a favor and put microsoft on death watch. i own that and we'd love to see that go straight through the roof. are you going to do it. >> i did say three to four years and stick to it. >> that was game stop. thank you very much indeed, russ. we appreciate you you being with us. the liberal hollywood elite at it again. the latest global warming alarmist and from robert redford. >> i'm robert redford, record setting heat and drought, rising sea levels and severe weather like hurricanes, climate change is happening fast. stuart: i thought he looked a bit like mick jagger. and new at 10 we play you more at the ad and how mr. redford thinks that mr. obama can save us from climate change. that's at the top of the hour. to the big board, we were up 110 and now 91 points. a bounceback after the loss. time is money and here is else

we've got on our plate for you today. the continued unrest in turkey starting to have an economic impact. we'll have some startling numbers for you. and we talked to the governor of a low-tax pro business state. it's a right to work state as well. governor mike pence of indiana will be here. and the democrat on the house oversight committee says the white house and top washington brass not involved in the irs targeting scandal. we'll ask another member of that committee if that means the scandal will now go away. we're on it. time again. time and again, electric car companies go bust and even general motors can't sell enough of those chevy olts. why does one company think it has the answer for success? we're going to get a pitch from electric bus maker after this. (announcer) scottrade knows our clients trade

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>> all right. i don't know whether to laugh or cry. a brawl broke out last night again the l.a. dodgers and the arizona diamondbacks. it started when kennedy hit l.a.'s rookie phenom in the head. next thing, more wild pitches and dugouts cleared. there you have it. baseball is actually is in decline, attendance and ratings, perhaps because of that. check the big board, we're coming back and we were up 110 and now 72 points and still, i'm going to call it a solid bounce after yesterday's drop. now this. our next guest is in the electric vehicle business, but his company focuses on taxes and buses not personal cars for you and i. ian, the director of green automotive joins us now. welcome to the program. >> thank you, stuart.

stuart: you know as well as i do there are plenty of electric car companies that really are not doing well or bitten the dust. i want you to give me 30 seconds on why green automotive is going to be a winner and make profits. go. >> i think the fact we have been around for six years already indicates that we know what we're doing and doing well. there is a sector where the electric vehicles can succeed and that's a vehicle that goes back to base every night. forget the range anxiety you want to drive from new york to boston. it's about doing regular routes every day, buses, taxies, delivery vehicles and go back every night and can be rehe charged and electricity companies love that and charging when there isn't the peak demand you have in the daytime. doesn't it make so much sense to focus on the vehicles. stuart: it's not bad, not bad add all. you missed something. >> what have i missed? >> the politically correct nature of cities which buy your

electric buses and cities which run taxi organizations which are going to buy your electric taxies. politically correct left which wants to go electric. aren't you? >> not necessarily. stuart: are you exporting your british socialism to the united states of america? is that what you're doing? >> with a passion. we have a technology that works and that technology works, electric technology works very well in vehicles that do regular routes. stuart: what is so special about your technology??3 c1 >> we have more experience in the deployment of electric technology in large platforms than anyone else. we pioneered the use of motors driving each wheel. stuart: that's where you're doing. >> that makes us different. we build our own batteries and we used american components when we put our technology together. so, our battery is an american battery. our motor comes from america. and the traction controller

comes from america. so now you have an american electric vehicle. stuart: and give me a standard price for your standard electric bus. >> the electric bus is going to retail for something like 120 to $140,000 depending on specifications. stuart: how does that compare to diesel. >> 20 to 25% premium, but paying 2 1/2 cents a mile for the distance you travel if you use electricity versus 14 1/2 cents a mile using gas. stuart: how many have you sold? >> we will launch the first bus in november of this year. stuart: who did you sell it to? you haven't sold it. >> it's brand new and comes off the production line in november and launches a big bus show. you will be be able to come along and drive it. now, stop laughing, people. you can't see me driving a bus? okay, you say it's legit for a route. so it comes back to the garage every night. >> yeah. stuart: how long is that route? can you keep it going tore a hundred miles for the day or-- >> it can do more than a hundred

miles and every bus stops at certain points during its route. we're talking just about buses. it's going to stop for the driver to have lunch and pick up passengers, if you want more than a hundred miles on the route, 200, 300 miles you can charge on the points when it stops and you have the facilities today to do fast charging. stuart: why is a brit with an obvious british accent running an all american bus company? >> because we combine together with the opportunity in america to launch the electric bus using the technology that we developed in the u.k. and bringing those two things together works well. stuart: you should come over here and live permanently. >> is that an invitation, thank you very much. stuart: yes, it is. >> absolutely. stuart: thank you for joining us, it's the green automotive company, correct? good luck. >> thank you very much. stuart: and let's see we're at 9:49 eastern time and i'm going to give you the gold report. when stocks have the dow up 70. no change of price of gold.

1,377.50 an ounce. google once the darling of the internet world and now, the image coming under attack and the company is playing defense big time. my take on google's image problem is next. ♪ you probably think this song is about you ♪ ♪ you're so vain ♪ ♪ i bet you think this song is about you ♪

>> ♪ i'll b ♪ . [laughter] >> oh, the bay watch clip. any excuse to run it and we found one. california's pension crisis about to explode? by the way, a lifeguard, this is the connection, a lifeguard in newport beach, california collecting a six-figure pension, just one reason why the pension problem is about to explode there. that's coming up the top of the hour, plus, robert redford looks like mick jagger, challenging the president, climate change is happening now, he says, do something about it. and we're on that one and how do people in the epicenter of the irs story feel about it?

we'll talk to the radio voice of cincinnati. we're watching a dramatic shift in the image of one of the best-known companies in the world. here is my take on google. they started out with the unofficial motto, don't be evil. and their benign image helped them conquer the world. google has 425 million activity g-mail users. biggest internet company of them all, but that image has taken a few hits recently and in the world of benign, youthful high-tech exuberance, that could be bad. and they say that everyone has been snooping on everyone's e-mail, g-mail. and a privacy brent scott filed suit against google, he doesn't like them scanning his personal e-mails to target ads. and the executive chair eric schmidt was tied in the very

center of president obama's presidential campaign, called a crony capitalism. there you have it, three hits to google's image. they are fighting back and they want the government to admit that google was forced to submit to orders. they say they don't willingly let the government snoop. it's an uphill struggle. an image that's challenged is very hard to restore especially amongst young people who take privacy very, very seriously. i don't see google as evil. i don't see google as threatening. i think they have been caught in what i call a modern realty, which is this, there is no privacy on-line. got it? you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a gat thing. but even though we're living longer, one thing that hasn't changed much is the official retirement age.

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use promo co planahead and get 60 days of lifelk protection risk free. enjoy your vacation, knowing lifelock never takes one. nicole: wednesday, june 12. in this hour we bring you this. robert redford jumping on the climate bandwagon. he declares war on cold. cities in california face a downgrade. we have elizabeth macdonald on what is a luton pension crisis. and the governor of indiana. you think he is running a big text, slow growth state? and joining us moment from now, the voice of cincinnati. what is with those irs guys? ♪ stuart: check out that big

board. we were up 110, we have cut it in half, now up 43. what is going on, charles? charles: not much. a little bit of a bounce back from yesterday. hathe headlines have looks like the market is falling apart. we have 15,000 on the dow. stuart: "the wall street journal," turmoil grips market. charles: the market is doing normal thing of going up and down. this is what happens after the jobs report. nothing to grab onto, not even global turmoil. stuart: does it sound good? now we have an ipo that has just started trading. nicole, i think you will tell us

what it does. nicole: it looks very good. up 31.5%. that works trafficking company. trading at the berkeley post. i think it was a $19 ipo, at 31.58%. stuart: i would be delighted to see a jump like that. let's get to the huge pension crisis coming this month in california. credit rule changes have been proposed that could nearly double the unfunded pension liabilities of cities to this grand total, $328 billion. elizabeth macdonald is here. which cities are talking about? >> inglewood, azusa, they could join cities like stockton and san bernardino.

the government is passing these rules that take effect this month that will fix the underreporting of pensions across the country. stuart: what we have here are new rules on how your report the liability that you have taken on, your city taken on going forward with your pension plan. the change in the rules for the changing in the liabilities. give me examples of how they rework the pension accounting of one employee. >> the underfunded their pensions, but a lot of workers who worked for a state california get a lot of money. $108,000 per year, retiring at age 51, pension and health care. stuart: i cannot let you gloss over. a newport beach lifeguard, $108,000 per year for life.

liz: he can retire at age 51. stuart: and he gets $108,000? liz: a retired librarian, $234,000. sanitation workers in los angeles, $280,000 per year. more than 12,000 workers in the state of california getting more than $100,000 per year. 94 of them in a bankrupt city of stockton getting that pay. stuart: this is pension. liz: just pension. only affecting pension under reform. it does not affect health care retiree benefits. those cost will be rising. charles: are these misspell it is required to pay? liz: this is all about disclosure, not about funding the plan. they may have to break contracts or move them to 401(k). union workers are fighting

governor jerry brown's efforts. watch for those as words in the state of california, that is what is being talked about. cities are technically insolvent. quietly undercutting or basically cutting the budget for those. in order to shrink the budget. stuart: if the future liabilities are going up so much, it will mean much more expensive than to borrow money now. liz: moody's has 30 cities on review for possible downgrade. less money for roads, cops, more cities needed to possibly merge in the future because california was a failed experiment, way too expensive to have those city services hindering on. stuart: a long-running story.

this is a brand-new twist. liz: it will show them underfunded. stuart: liz macdonald on top of it. back to nicole and hewlett-packard, one of the leaders of the s&p 500. meg whitman making some headlines. nicole: that is right. the stock is up 3.8%. that is a big move for hewlett-packard giving positive dow point as well. revenue growth is still possible. the wildcard is overall pc growth. obviously. that is the wildcard. are the pcs hot anymore? that is the question any person who would think about this industry would ask. so yes, that is a wildcard. stuart: hewlett-packard has come along way since meg whitman took

over. i don't think we ever put it on deathwatch. charles: wall street put it on deathwatch. this is a huge tribute to meg whitman. stuart: hewlett-packard up 3.5%. next story, it was revealed one irs office an in cincinnati wase one responsible for much of the taageting of conservative groups. voice of cincinnati bryan thomas joins us now. welcome back to the program. >> thank you for having me back. stuart: you're at the epicenter of the irs crisis. did you have any irs workers on your show, did any of them: and give you the real story? >> we have known about this for quite some time, these people are my friends, to answer your question directly, no, irs workers did not call in to my show. i have had other topics, perhaps

over time somebody who has commented about this but i don't recall anything specific however i know several of them and they tend listener lunches, they are in the political minority and they have made it painfully aware to me and others about how politicized the office is. keep your mouth shut and your head down if you are not on the left side. stuart: is the feeling in cincinnati that it was just cincinnati, the guys in cincinnati came up with this program of targeting conservatives or is the feeling where you are that it goes all the way to washington, d.c.? >> it is absolutely washington. does anybody truly believe local irs agents write the rules of engagement in the extensive questionnaires, are they without oversight? i find that impossible to believe in an agency so heavily

regulated and we have obvious communications going to washington. if they are right and it is just a couple of rogue agents, doesn't that scream for a complete overhaul and reform of the irs if it is possible for a couple of people to hold these groups for months and sometimes years? stuart: what is the feeling of the city? everywhere else in the country there is a great deal of outrage. >> tremendous outrage. you cannot find anybody supportive of the irs, and how could you possibly be? in everybody's mind, this administration happens one direction, but what happens to the next administration? it is always a situation, this is a prime example, a real-life,

right now illustration of how in a specific be used to benefit one side of the equation by the application of the law. they did not apply to liberal organizations, they applied it to conservative organizations. this is a huge scandal from everybody's perspective. stuart: thank you, come again soon. >> thank you for having me on. stuart: let's get to turkey. a meeting between the prime minister and protest groups has been canceled following violent clashes with police yesterday. more on the economic impact. let's deal with the economic impact of all of the distress within turkey on turkey. go. >> turkey is known to be a beacon of disparity in the region. 1200 u.s. companies operate in turkey, up from 2007.

it was a very stable, prosperous market. an entryway in many ways eastern europe and asia for these american companies and so the more the stability continues, the more likely investors are going to feel shaky on this and will think about getting out. the capital inflows can be affected as well affecting the deficit and how they can pay back the deficit which would create even more instability. stuart: you have a gigantic overseas debt. you have to repay that debt with their own currency. and i he keeps on going down. doesn't that set up, what is the correct expression, debt crisis? very near in the future if it is not resolved. >> that is the first thing on the mind of the prime minister. within the cities this is happening in, whether they can

contain this and keep it to a minimum. you have to remember internally it can create a lot of inflation and other issues as well. stuart: they want to host the olympics. >> 2 million tourists go through turkey every year. i have seen how beautiful and how peaceful it was. if they lose on thatcomet could hurt the re eu and the economic viability in the future. stuart: it was considered the most democratic of all muslim societies in the middle east and north africa. it was prosperous. does this upset that totally? >> it is now coming to a head. even though it is a democracy, it is more conservative. the apple cart is turned ever so

slowly. stuart: thank you very much, indeed. you sign up for your gmail or facebook, you accept the terms and conditions. you got that. but how much privacy can you expect? the judge will answer the question next.

♪ stuart: it is official, google bought the israel-based mapping

company waze. waze is a startup that gives real-time traffic info provided by other users. the stock price not affected by this purchase, down .2%. union members in caterpillar reached an agreement to freeze wages for six years. freeze them. but it will give each of them $4000 a signing bonus. an update in the shocking kidnapping case out of cleveland. the mac is if he has pleaded not guilty to the indictment. still being held on, $8 million bond. next is the judge on whether you really have a right to privacy on google and facebook. [ male announcer ] at his current pace,

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try align. it's the number one ge recommended probiotic that helps maintain digestive balance. ♪ stay in the groove with align. stuart: charles is going to make us some money by proposing we buy the stock angie's list. charles: have you ever used it? stuart: no. charles: i didn't think it would be as successful as it has been. execution has been phenomenal. stuart: do i pay? charles: we have a variety of different services, but it is the more important aspect of it is that you have all of these other things, seems to me they are taking market share. looking for them to grow compared to the sector.

you can see it feels like you're chasing it. you can make another 15 to 20% on it. stuart: they are just executing well, is that it? charles: not everybody agrees. stuart: june 12, charles payne says to buy angie's list. all right. let's bring in the judge, i have a big question for the judge. if you sign up for gmail, what right to privacy do you have within your gmail account. who has the right to look at it or use it? the judge has a smile on his

face. >> i wish it was a clear-cut answer. there is an exception to almost everything we're about to tell you. for he most part your communications through me through facebook and gmail have to be kept private by google. google can use information to market to you and to me. stuart: they can pick up buzzwords. >> yes, without identifying it is you are me. have 10 million subscribers interested we think in this product. therthey are just using us statistically. stuart: they can also scan our conversation. if i'm talking about taking a flight to new zealand, i will get a commercial for air new zealand when i log onto gmail. they have looked at it in detail

in our correspondence. >> yes, they are not sharing the e-mail with somebody who may want to sell you the product but they are telling an ad agency this guy is interested in products in new zealand. the problem comes when the government forces google to violate federal law by exposing the content of our e-mails. when it knocks on google's door and says we don't have time for search warrant but we need to know what they are e-mailing about. or the problem comes as we learned last week when the government shows up with a single page search warrant that says give us all of your gmail accounts. stuart: is a limited right to privacy. >> except when the government

intrudes. stuart: point number two, google is going to court and saying tell the world that you came to us demanding the gmail records. you forced us. stuart: my hat' is off to google and every internet provider. those going to the government saying we have customers various at us. he compelled us to do it, you authorize us trivial to our customers and to the world the piece of paper you sent to us forcing us to cough up what our customers expected would be private. charles: users of gmail say wait a second, google is opening up. stuart: if they subpoenaed your bank account, the bank would send the subpoena to you and say they will comply with it in 10

days. you can challenge it. it is a crime for the bank to tell you that subpoena came. they have no alternative. my hat is off to the pre-patriot days were at his informed us ahead of time and has an opportunity to challenge it. you cannot destroy the records, you cannot remove them from google. other than to force it to go into a judge to come before a judge and justify the unconstitutional behavior. stuart: five years from now i don't think you will get what you want. >> i am pleasantly surprised members from both parties and both houses are willing to revisit the patriot act because they are aware of the gross abuse of it.

stuart: a golden opportunity to make some real waves. don't do it. robert redford, a-list actor, take environmentalist and obama supporter was this new ad out on the dangers of climate change. >> i am robert redford. record-setting heat and drought, severe weather events, climate change is happening fast.

stuart: the music is from "the natural" i'm told. the hollywood elite at it again. robert redford using scare tactics to urge president obama to act. speak of the refusing to take steps to protect us from climate change. the good news is president obama has a place to act in the power to do it.

>> we will response to the threat of, change knowing failure to do so will affect our children and future generations. stuart: using the storms and examples of climate change is real and speeding up. charles: in the naturrl course had a magnificent home run, using a bath to bash opportunity. these guys are nuts. the idea america can stop coal production. the largest in the world. but once we get rid of call, we don't like fracking. we get rid of nuclear and we are a nation of the flintstones. they can afford $50 per gallon gasoline and all the jobs they want to entrust, i don't get them. that is the ultimate elitist thinking. they already have rules ready to go.

destroying 280 energy producing facilities and more or less shut down any new coal-fired power plants. a war on call that will cost the average person higher electric bills, a lot of jobs and a lot of american companies opportunities. the only reason we can get manufacturing in this country is because of our edge on energy. natural gas and coal. stuart: throughput of that picture of robert redford and mick jagger? let me see now, have you ever sought out an expert advice only to be left with many unreliable sources or a dead end trying to connect? maestro market may be for you. connecting people with experts. here is the founder and ceo. he is with us here in new york.

i have to get to grips with this. what you do is you put people who want information in touch with experts, is that correct? >> that is correct. specifically what we do is we help an expert who markets themselves better. present themselves better. stuart: if i came to you as an expert in communication, you then find customers who want to know about television. >> correct. we would market you, how they come up with two or three offerings. it could look like a phone call, skype session, something in person. from the consumer perspective instead of categorizing you around communications we may describe the problem in a way a consumer can frame it. getting into broadcasting.

stuart: you're putting the expert with the information with a customer who wants that information. , experts do you have signed up? >> roughly 1100. stuart: how many come in every month? speak about 100 customers engaging each month. stuart: three years old? >> three years old. stuart: you take a piece out of the transaction, so the customer pays me x number of dollars for the advice i will give the customer, you're in the middle and take how much? >> we take the funds into escrow ahead of time. they don't have the go chasing down the money afterwards. charles: an expert can only make one phone call at a time. so whether you had 1000 people coming or 10,000 people, if everybody wants the expert, his or her time is pretty limited. >> we have found a lot of

partners on our platform. it happens to be a high-quality resource in san francisco for parenting experts. they have used our platform to open up their experts not only to the bay area, but at-large in terms of the whole nation. you can probably get $10,000. stuart: are you kidding me? >> we will market you right away. stuart: that should have been my first question. thank you very much. very interesting. a running theme, the great state tax debate. high tax, big government states versus low tax, low government states. indiana of the letter. the governor will join us after this. wwent out and asked people a simple question:

how old the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that ha't changed much is the official retireme age. ♪ the question is how do you make sureou have the money you need to enjoyll of these years. ♪ this is the tempur-pedic innovation lab. to enjoyll of these years. it's like a frt row seat to our latest technologies. here is where our engineers do their constant improving. we have helped over 7 million people fall in love with their tempur-pedic. and now for my favorite part of the tour. ♪ [whispers]everyone loves free samples.

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identity theft. that's why i'm a member of lifelock. >> announcer: absolutely no e can protect you better than lelock. [♪...] order now and get this document shredder, a $29 value, free. with lifelock. now [click click, ♪...] stuart: joining us now, we're pleased to say is the governor of indiana, mike pence. welcome to the program, good to have you with us, sir. >> it is great to be with you. stuart: i understand you just vetoed a bill that would have raised the state income tax. my question is how strong is the

sentiment that is emerging for more tax increases? >> we had a couple of disagreements, i vetoed a couple of different bills in the recent assembly, but what i am really proud about, stuart, is in the hoosier state we passed another honestly balanced-budget that maintained our status as the fiscal and the of the country. strong reserves, pay down debt. we passed the largest state tax cut in indian history lowering income tax by 5%, and we want everybody around america to know indiana is open for business. we are cutting red tape. stuart: you have a great record, obviously, small government, low taxes, growth, you have got it. why would they want to raise taxes in that environment?

>> it had to do it in issue in a couple of counties about a tax that had lapsed and an intent to put it back into place and we respectfully disagreed with the way the general assembly had gone about doing that. working its way through the process. what i want you and your viewers to know is there is broad consensus in indiana able to come together around what was the largest state tax cut. where the only state in the country that lowered income tax permanently and we have business tax cuts, financial services ttx cuts into effect in combination with everything we have done in education reform, everything we had done in workforce, it is the reason indiana is receiving notoriety we are receiving. i believe we are unquestionably the best place in the midwest to do business and one of the best places in america. stuart: you are not notorious on

our show. but what is your unemployment rate, what is your growth rate and tell me, do you have a surplus in your state? >> have the largest surplus in the states history when i became governor little while ago. he points to the issue unemployment and indiana 8.5%. it is too high. a quarter million hoosiers out of work. one of the reasons i said to our legislature even though we have a strong balance sheet advancing reform in education and economic freedom for the first midwestern state to go to work, thought it was important we double down on lowering taxes and cutting red tape. less taxes, less relation means more investment and more jobs. stuart: you have got your field laid out, but have you brought in the jobs yet?

you cut taxes, got all of that. have the jobs flowed in? >> indiana growth rate has been stronger than the overwhelming majority of states in this country. we're encouraged by the trends we see but were absolutely determined to tell indiana story around the country and around the world when so many states are demanding what taxes to be raised and by how much we just pass th largest state tax cut in the history of our state. we lowered the income tax. i signed a moratorium on any new state regulation until we do a full scale it back to make indiana more business friendly. all this combined with education reforms and will focus on workfooce. i am determined to make career vocational a priority.

it is about workforce, education innovation, less taxes, less regulation. that is how people will know indiana is open for business. stuart: start running in illinois, cros across the state, or in your jobs here. >> way ahead of you, we are not counted doors of all of our neighbors and people have to check out indiana, they will be impressed. stuart: i will be there soon. we really appreciated, thank you, sir. elijah cummings things the irs scandal is over. nothing to see here, move along. john mica begs to differ, and he will be joining us. [ shapiro ] at legalzoom, you can take care of virtually

l your imptant legal matters in just minutes. prect youramily... and launch your dreams. at legalzoom.com we put t law on your se. stuart: lets bring you up-to-date on the gas price situation. up just a tad overnight. check the price of oil, showing me where gas is going. oil $95 per barrel this morning. cooper tire being bought it for $2.5 million. shares of cooper jumped on that news overnight. the company chief mark zuckerberg did not have answers to the nasty questions he got but facebook $24 per share this morning.

two sports, the spurs took game three of the finals beating the miami heat 113-77. that is a blowout. the teams stay in san antonio game for tomorrow. one comes and says th he irs scandal is over. we've completely integrated every step othprocs, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and exece faster with our more intuitive trade ticket. i'm greg stevens, and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 fr trades when you open an account.

stuart: time to make some money. charles looking at soda stream. charles: i have been on this for a long time.

pepsi denied it. coke never did. the added speculation. they added a double top, city ct have a little resistance, but anybody who want to take a shot, this is a $100 stock with or without a takeover. market pulling back, but under 70 i would buy some. overall trend has been to the upside. stuart: elijah cummings says there is no direct link between the irs targeting scandal and the white house. joining us now, come his men john mica. do you believe in? what do you say? >> frankly with don't know, and that is our responsibility to get the facts and find out who is responsible for targeting these groups going after individuals the way they did. we have talked mostly to people

in the top who have pointed down to people in cincinnati in the irs office, but they are giving us specific information in who was involved in washington. stuart: are the people at the top that you are talking to, are they pointing higher up the food chain? >> mr. cummings would like to have this over, but our job is not point fingers, but get the facts. we heard from the outgoing irs commissioner and others at that level, they have pointed down. now last week we interviewed some of the cincinnati irs folks. they all pointed up. this week we are deposing people who they pointed to in washington who were concocting and targeting.

stuart: there is a lot of frustration here. a month now we have had people say i don't know, can't answer that question, we don't know. nobody is getting to the truth. give me a time frame. can you tell me where we will get the full story as it is out there? >> this scandal is only about a month old, but it takes time to depose witnesses, get the accurate information. the worst thing we want to do is majority leading the investigation is to misstep, not get the facts right. we are quadruple checking the transcripts, the testimonies, leading you to other people. now we are back at the washington level. we heard figures pointed to cincinnati and how they sat around the water cooler and concocted stuff. now they are pointing folks and we're interviewing them this

week. it has to be done in an orderly process. stuart: congressman, i am sorry, i have two run, an ipo on wall street and change the direction of the dow, but thank you for joining us, we do appreciate it. this is a very fitting ipo for today. the company handles data for fortune 500 companies. so how secure is your data really? after this.

stuart: a timely ipo for you today with the internet and text snooping making headlines. handling huge amounts of data for fortune 500 companies and the ceo joins us now from the new york stock exchange. congratulations, paul. did you underprice this thing from the get-go? >> i don't think so. we set a range and we opened at 19. the price is reflection of this space. stuart: are you another englishman? >> i am another englishman. stuart: you are the third on the program today. this data traffic manager, what do you do? >> we provide information flown across the networks.

as networks are increasing in size and the amount of information moving across the network continues to increase at home, at work, in the office we help look at the right information on that network to make sure they can secure, manage and monitor the health of all that infrastructure we all depend upon in our daily lives. stuart: you're in the news with internet traffic security. do you provide security for the data you are managing? >> we don't actually provide that security. we just make sure the right information gets to those security devices whether you are an enterprise or service provider. stuart: who do you provide this service to? >> over 250 of the fortune 1000, 50% of the largest service providers on the globe, we serve and marquee list of providers. we are based in the bay area of

silicon valley. stuart: y is an englishman running a technology-based company based in the san francisco bay area. >> 18 years ago i came across to the u.s., we built a family in the u.s., became a u.s. citizen, very proud to say that, and have continued to build. stuart: welcome to america. i have been here for 40 years and i got my start in the san francisco bay area many years before you did. welcome to america, congratulations on your stock, thanks for being with us. >> thank you very much. stuart: robert redford and mick jagger, more on them after this we had

stuart: all right, charles, robert redford pushing president obama, climate change is speeding up, wants a war on

call. there you see him. what is he, 76 did you say? charles: these hollywood elites blow me away. the coal industry wants cleaner coal, but what is happening is they have gone through ciccone and orders to fix things overnight. be that as it may, a war on call has already been established by the president and there is nepa rule pretty to go to shut down these operations if it stopping any new coal-fired plants being built. stuart: out of the mississippi, i did not go to the plant, but there is a plant in mississippi first in the world, only one in the kind in the world takes co coal, converts it to natural gas and sequesters the co2 emissions. that is clean coal. 3000 people working in

mississippi on that plant and he wants to shut them down because coal is bad. charles: claim call is not an oxymoron. the idea we would shut it down. he can afford to be shut down. 99% of america cannot afford it. he should think before he opens his mouth. stuart: can we just seem at jagger side-by-side the 76-year-old, mick jagger is 59, robert redford is 76. who would have thought. let's turn to a young whippersnapper, shall we? a young robert redford. connell: the three of you would look great there. we have a lot going on today, the market has been up and down after the selloff yesterday. we will take on this big idea there is a shift underway in the global economy. how you need to be ready for higher interest rates.

the patriot act coming under intense scrutiny. the judge, and a napolitano, will tell us if we should scrap it or leave it alone. and why wall street cares about turkey. the protests putting strain on your investment. what happens if corporate america decides to get out. and the hack that hit the drudge report. a cyber attack with a twist you have to hear about, and you will later this hour with that and a whole lot more on "markets now." dagen: can you keep up with it all? connell: a busy day, a busy week. dagen: and you look dashing. connell: so do you. dagen: i know you worked very hard on that. top of the hour, stocks every 15 minutes. a