edward snowden appearing on the guardian website taking questions. open sesame. apple and other tech companies reviewing the number of requests may have received for customer data. major milestone, homebuilder confidence soaring to new highs not seen in seven years. and why would vladimir putin's want a super bowl ring? that and so much more coming up on "markett now." connell: all right. dagen: why would you want a super bowl ring worn by the patriots? connell: a huge rally on wall street. i was posting the first negative comments on the facebook page. dagen: did you know i get up at 3:30 in the morning?

connell: good morning, nicole. nicole: good morning. let's take a look, the dow jones industrial up 175 points right now at 15,245. still holding above the 15,000 mark. weegot the new york manufacturing numbers in the state of new york, everybody eagerly waiting to see what the federal market committee, what their policy meeting will bring. hoping they will do a whole lot of nothing leading to money printing. back to you. dagen: thank you so much, nicole. connell: edward snowden taking questions of all things right now on "the guardian" website. documents showing u.s. and british spy agents were snooping on world leaders at the g20 summit. dagen: for more, editorial board

member of the "wall street journal," proof he is not just looking out for the best interests of america, leaking additional information. >> now that we know snowden is leaking information that is helping us, if we stop referring to him as a whistleblower? james hansen comes to mind. he is a pathetic human being. connell: i don't know one country spying on another at a g8 meeting is a surprise. but how worried should we be there is more to come from this guy? more than just him involved. >> we had to keep in mind where he went to do this. there is great concern we have to get him and shut him up as

soon as possible and to the extent compromised any anti-terror efforts. dagen: speaking of somebody who should not shut up, president of the united states. he has to be out there defending this program a lot more than he has. it hasn't been complete silence, but he has said very little to defend it. >> that is what we need from our president, in place for a decade now, the supreme court says information gathered is not protected by the fourth amendment. agencies have supported it on a bipartisan basis. he needs to be out making that case. the problem is, of course, this is a credibility issue. like the irs situation. i think this is compromised his ability to get out and make credible cases. connell: today he is in northern

ireland. you are right, at some point think he would address this. what the effect of that is, all of this talk somehow affiliated with the chinese. what about our relationship as important as it is economically with the chinese. the spying allegations before all this, and now this, where is our relationship with china? >> i think it can withstand the pressure. especially in economic impact. that is going to be preserved, i think, china wants to move forward on the economic front. this doesn't help the situation at all. dagen: there are two separate programs again, the data mining of the phone records collection and internet involving foreigners.

what happens, because you are getting heavy criticism from both sides, liberal and conservatives. >> we could see some legislation to rein in some aspects of them because there is the potential. but they are overseeing this program, we have congressmen being briefed on it. you could see politicians making hay out of this. i don't know how far it is going to go. my personal expeeience speaking to elected officials on this information is that once you see the threads, you support programs like this. dagen: are we safer and better off if these programs go away? >> that is exactly it. boston was shut down for a day. that is the alternative. this using algorithms to data mine is very less intrusive than

the alternative would be if there is another 9/11 type attack. dagen: in new jersey they wants to give cops the right to search your cell phone in a traffic accident. jason, thank you. connell: thanks, jason. dagen: we want to know what you would ask edward snowden. connell: live q&a on the internet. we will get to some of your responses a little bit later on iin the show. potential questions you have for edward snowden. dagen: president obama meeting with world leaders at the g8 summit kicking off in northern ireland. connell: pee peter barnes joinss with that. peter: then also will begin talks to build an ambitious transatlantic free trade

agreement on the u.s. and european union. posted the first round of the talks in the u.s. next month. europe is the single largest trading partner but talks open for both sides has been difficult to achieve because of the european protections for farmers. >> there are going to be sensitivities on both sides, politics on both sides. if we can sa stay focused on the big picture, the economic and strategic importance of this partnership, hopefully we can achieve th a high standard cap s agreement that the global agreement has looked to us to develop. peter: the talks are expected to take several years. he has into the formal g8 meetings and there is an uninvited guest. edward snowden, for former contt worker who leaked information,

and as you said, this latest disclosure shows the u.s. and british spy agencies eavesdropped on the communications of world leaders who met in 2000. wonder what will be on the menu for dinner. maybe a little crow. connell: very well worked in for anybody listening. peter barnes for us in washington. we are up huge today, 175 points. the fed meeting coming up this week, chief investment strategist, all of the talk surrounding this is okay, last week or the week before, we are afraid of this tapering and now apparently we are fine with this, so what happened? >> i think nothing will happen. i find myself in a rare place to

be in agreement, he does not think the fed will do anything between now and the new year end. they don't want recovering in the housing market or the economy overall, i don't think they will do anything. connell: not so much we have come to terms, it is just we don't think it is going to happen. you would remain pretty optimistic about the stock market. >> i am. it actually targeted june 11 and 12th. i thought the backdrop was going to be out of the german constitutional court hearing objections to the constitutionality of the european stabilization mechanism. it turned out to be japan. maybe underinvested crowds pay up for investment reasons, and in the process of putting in a pop that would put in the first decent pullback this year the

july, august timeframe. connell: we will need to see some sort of decent pullback. where is that??% what is the intermediate topic you're talking about? >> $16.87 on an intraday print high, the other downside reversal day simultaneously you hit the upside reversal in the japanese yen against the u.s. dollar causing some issues. will try do trade backup to that high. if we turn down, you will get a premature turn back but we should make a slightly higher high and some sort of a july swoon. connell: isn't there some chance maybe we are little ahead of ourselves and bullish now? you like the entire market with a few exceptions that you don't

like that much. the whole market, maybe to bullish or not? >> i don't think so. if had it since 1900 there were timely broken out of one of those long-term wide swinging trading range basis you have been in a secular bull market we have broken out of it, not a whole lot of people are talking about it. in a secular bull market are 50% and people are underinvested. connell: the bullish case up 190 points. as always, thank you very much. >> my pleasure. dagen: homebuilder confidence that the level not seen since 2006. connell: and how about the hacker group anonymous announces next target going af industry. dagen: did he or didn't he?

limey putin said he did not steal the super bowl ring. we dig into the details and the story is stranger and stranger with the more you know. talking about gasoline prices, $98 per barrel. 's monday. a brand new start. your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband netwo andcus, ur business is more reliable - secure - agile.

and with responsive, dedicated support, we help you shine everery day of the week. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcas.com. try align. it's the number one ge recommended probiotic that helps maintain digestive balance. ♪ stay in the groove with align. download the free hotel tonight app.

when we get rooms that would otherwise go empty, you get the best rates, guaranteed. download hotel tonight free then sign up with pro code "deal" for $25 f your first booking.

dagen: stocks now, nicole is watching netflix. nicole: netflix ceo talked about streaming video is the wave of the future, forgets tv, but they have now announced a big deal, this is for 300 hours of new programming netflix along with the with dreamworks. they can expand into this streaming video known for ""kung fu panda"" and the likes. trying to gain more and more bringing back arrested development, so right now stocks

are doing well. back to you. connell: some breaking news. we told you about the q&a with snowden. the u.s. government has destroyed any possibility of a fair trial at home. so that was our twitter question about any questions you may have. a little later on. dagen: they think he is a hero, that would be fair if you can get a jury. connell: the thought process is he is not coming home. dagen: he is coming back. connell: maybe he doesn't realize it yet. let's make a little money with charles payne. charles: i get the one point the

analyst and ceo, he was on tv every day. at war with the shorts. i tip my hat to him because he built a company while all that stuff was going on. 1.1 billion in revenue the it a little bit sideways today. there is another leg up on this thing. extraordinarily low. 200%, 100%. i think it is the real deal and the next leg up, going over 30. the shorts are still on it. dagen: he is still running the company, right?

charles: make it sooner than later. so far still fighting. the next leg up, a few of them will be taken out. dagen: great to see you. connell: homebuilddrs feeling levels we've not seen since the start of the housing crisis. dagen: currency, what are they doing? take aalook. we went out and asked people simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. learned a lot of us have known somne

who's lived well into their 90s. and that's a great thing. bu even n though we're living longer, one thing that hasn't changed much is the official retirement age. ♪ the question is how do you make sure you he the moneyou need to enjoy all of these years. ♪

to enjoy all of these years. you've got it, you know how hard it can be tbreathe and man, you know how that feels. copd includes emphysema and chronic bronchitis. spiriva is a once-daily inhaled copd maintenance treatment that helps open my obsucted airways for full 24 hours. spiriva handihaler tiotropium bromide inhalation powder does not repce fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all mecines you take, even eyerops.

stif your eathingva and seek suddenly worsens,l he your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine. otheside effects include dry mouth and constipation. nothing can reverse copd. spiriva helps me breathe tter does breathing with copd weigh you down? n't wait to ask your doctor about spiriva.

>> this is your fox news minute. supreme court ruled the federal trade commission can seize drug companies to produce cheaper options. it cost drug buyers $3.5 billion per year. drug companies say they are legal patent settlements. in colorado investigators say arson could be a possible cause of a destructive welfare. billy 500 homes have been destroyed your colorado springs.

65% contained but some evacuees are being allowed to return home. they hope to have the blaze under control by thursday. the president-elect is in town to pursue moderate foreign policy. but the united states must recogn rights. it is considered "an old wound that needs to be healed." back to you. connell: thank you. dagen: homebuilder confidence jumping to a roughly seven year high. the national association of homebuilders survey marked the first time the housing market index has been above 50 since april of '06. connell: jeff flock with the homebuilding trends. jeff: wher we're in chicago in e bridgeport neighborhood, this is the city, one of those neighborhoods that started to

take off after the recession, started to take off before the recession and then sort of died and now back in a big way indicating real strength. >> we are seeing a big market. jeff: there has been lack of appreciation lately in the short term but you feel good. >> the majority of what we are seeing are looking to buy now. jeff: you're not seeing evidence of a bubble. these are through the roof. index numbers are through the roof. >> everything is relative. right now you are seeing real buyers in tte market, at a point they wanted to change. jeff: he sees people putting

their house used to be they didn't put the hous housing mar, did not lie until he actually sold their house, now they are buying something else. >> they did not buy thei the nee until they closed in many cases. today we are seeing more typical buying cycle like we used to see, put down a deposit, and then put it on the market the next month. jeff: this market economy may have have heard oo it, they lived here and a lot of working-class cottages, but now going back upscale again. @ood to see in neighborhoods that has faded, starting to see signs of that again. connell: thank you very much. dagen: thank you, jeff.

connell: dennis kneale and cheryl casone will have more on this. dagen: anonymous has their sights set on a new target. connell: and they are making it public. reportedly it has 124 documents worth more than $25,000. the question is does the 2005 super bowl ring belong to him or putin? dagen: why would he want a patriot super bowl ring? connell: that story coming up. the s&p, look at netflix, we will be back with more on "markets now."

connell: breaking news of the hour. -@edward snowden. there is an online forum taking place. he says he did not reveal u.s. operations against legitimate military operations. tweet us, by the way, fox business any questions that you may have. the online forum continues. dagen: stocks now. time warner cable. nicole: cutting from a market perform to an outperform. down over 2% at the moment.

one thing that when you start to look into time warner cable, a lot of people start correlating netflix. you are getting, every time you get good news from netflix. it may be bad news for time warner. as a result, you are saying that one to the downside. i wanted to taae a look at some of the major market numbers. yyu do see the dow jumping today. also, everyone eagerly anticipating to see what the policy committee will decide. charles payne will tell you that it is all fundamental. maybe it is a little bit of both. connell: thankkyou, nicole. we have this news about the

hackers group anonymous. they are targeting countries involved in the global oil trade. here with more is -- making this announcement, by the way, is something we have seen before. it seems counterintuitive to some degree if you are hacking something. why do they do that and how worried should we be? >> they act like a global market drive. they are trying to summon the resources of one another. >> does it kind of call to action and make this group more formidable or does leaking out

the information kind of tip your hat. >> you have to respect anonymous because of their capabilities. they are very sophisticated. we need to pay attention to the fact that this sector, specifically, needs to upgrade its security. it is much more honorable. connell: that is interesting. it did not have a great affect. why is it different this time or is it different this time? >> the financial sector has taken cyber security much more

seriously. they have been over reliant on things like firewalls and thanks to protect them against these new threats which really require advanced threat capabilities. through the oil and gas sector that we are worried about or talking about with this potential attack from anonymous, you talk about physical security. is there a threat coming from this cyber threat? it seems that there is a huge physical threat to these facilities? >> there is very much so. you had 30,000 machines that were literally destroyed by what are called logic bombs. these systems control real

systems that move fuel, lube oil and new petroleum. you could create wide spread outages. you could create a phenomenon where there are fires. connell: if you are right in your assessment, do you talk to people in the oil and gas business? >> i am here to tell senior executives in the sack or to really pay attention. thursday, wednesday night into thursday, they will see a manifestation. certain industries are more secure and certain corporation have taken cyber more seriously. it is time to get serious. it is obvious that there is a call to arms going on in the

wild. we will see at this oil and gas sector is ready. thank you very much. dagen: new england patriots claim the super bowl ring was stolen by russian president back in 2005 when kraft visited st. petersburg. he said that he showed the ring to him who then put it on and said i could kill someone with this ring. he then put it in his pocket and walked out. kraft says the white house later urged him to treat it as a gift for diplomacy reasons. putin has denied stealing the ring. he says he is willing to buy him a nnw one as a gift. the ring is 124 carats. it is valued at $25,000.

>> we told you it would be a. story and it is. dagen: he just put it on and is like i dare you to take it back from me. connell: gas prices trading -- trading higher than this time last year. tom cuozzo says there is some good news on the way. he is coming up. we have details ahead. it does not break down those related to national security. same goes for microsoft and facebook. take a look at your treasury market for today. ♪ i want to make things more cure.

[ whring ] [ dog barks ] i want to treat mo dogs. ♪ our business needs more cases. [ ma announcer ] where do you want to take your business? i need help selling art. [ male announcer ] from broadband web hosting to molepps, small business solutions from at&t havthe security you nd to get you there. call us. we can show you how at&t solutions can help you do wt you do.. en better. ♪ ♪ >> i have your fox business brief. unconditional approval to enter

exchanges. it is scheduled to decide on a deal by june 24. soda stream is teaming up with whirlpool to deliver and i told system. it is expected to be available to stores during the fourth quarter. general motors is expanding a previous recall to approve an additional suv. that is bringing the total to 480,000. they say it has received 58 fire reports. that is your latest look at business from the fox business network. getting you the power to prosper. ♪ i met a turtle friend today so, you don't get that very often. it seemed liket was more than happy to have in his home.

so beautiful. avo: more travel. more options. more personal. whatever you're looking for expedia has more ways to help you find yours. the three the breaking news that we have been following throughout the hour. edward snowden and what he is saying right now innan online

forum that is being sponsored by "the guardian" newspaper. he says that he did not reveal u.s. military operations against what he called legitimate literary targets. earlier in the forum, he said that the u.s. government had destroyed any possibility of him getting a fair trial at home. he continues this live online forum. if anything else comes out, we will bring it to you. prices at the pump, nationwide averaging $3.61 for a gallon of regular. that is up about $0.11 from a year ago. we have tom close on the phone. do you think they will level off for the rest of the summer? >> you know, i think it all depends on the region.

right now, the people who live in the rust belt will see those prices. they will see drops of 30, 40, $0.50 from those real high numbers that they witnessed in the first half of june. the rest of the country, you will see some sub three dollars. maybe a little higher. generally, we will probably say ten or $0.15 above last year. is this a one-time event? >> i would not say it is likely to happen again this year. a year from now, that should be the cheapest area of the

country. dagen: right where they were racing nascar this past weekend. in terms of the national average,,though, do you think that we will ever see that average below three dollars a gallon ever again? >> yes, i do. i think we will see it again, but we will not see it again for an entire year. the oil markets tend to be bipolar. we have not really had a depressive phase. i think it will happen again. it will probably happen when you hear in the backdrop about plunging stock markets and rising interest rates. maybe watch november and december this year. maybe not see the national number, but an awful lot of states will go below that. dagen: this story has been demand instruction for some years now.

>> demand in all the developing countries, it is rising. we will get a billion more vehicles out there in the worldwide fleet at some point do the rest of the decade and beyond. we are lucky in that most other economies do not choose to use gasoline, they choose to use diesel. dagen: good to see you. the folks in the midwest will get a big break on gas prices in the coming weeks. >> absolutely. dagen: fabulous. dagen: great to talk to you, as always. connell: let's go to stocks now. nice day for the markets.

>> there is no question that we are missing something. i guess we will have to wait a couple days and find out what it is. up is always better than down. we have been living in this world up up 100 down 100, up 100, down 100, good news is bad news, bad news is good news. if i found confusing, it is because i am confused. it has been a very difficult market. we are sort of running in place which is good news. now, we just have to wait and see. it is all about the guidance.

>> you think that there is a risk of us being too optimistic or not optimistic enough? >> that is the $64 question. put as many zeros on it as you would like. i think that is the real frustration for investors. we have a market that has had a dramatic move. you can make a much better case out whether it is valid or not, but you can make a much better case for taking money off the table than putting it on. it is just a guessing game. nobody really knows. you have a lot of stupid people like me and a lot of smart people like your other guests. all people who think that they have the answers. i am not sure that the government has the answer.

it has become a game. the markets are really looking for a catalyst to take it to the next level. people. connell: thank you very much. appreciate it. connell: apple, facebook and microsoft rrveal for the first time data request on their customers. connell: do these closures still fall short? elizabeth mcdonald is here. >> they are lumped in with all of the other request from federal, state and local authorities. they range anywhere from 10,000 requests given from apple. different sets of data has been given. it is as low as 5000 at apple and as high as 10,000 at

facebook. this is a tiny fraction and we still are not telling consumers how the request are hitting our different databases. here you have a statement out of microsoft. what the government is restricting us in doing is it continues to fall short of what is needed to help our consumers understand the issues. the request to the federal government is clear. apple is now out there saying, listen, we are giving limited disclosure. this has to do with robberies and finding missing children. they are saying they are only giving info to investigate crimes. they are saying in any identical

forum. they are saying that they find is protected. connell: thank you. dagen: business owners and fans of a certain type of cheese. these are issues. rich eeson is on the story at a cheese shop in virginia. connell: that is all we need to know. coming up. nasdaq winners today. we will be right back with rich edson. ♪ it's monday. a brand new start. your chance to rise d shine. with centurylink as your trusted technology partner, you can do just that.

with our visionary cloud infrastructure, global broadba networknd custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated support, we help you shine every day of the week.

connell: here we are talking about imports of a friend cheese. from what i am told, it is weaving business owners pretty angry. lots of cheese stuck in a warehouse in new jersey. connell: i get exercised about the type of cheese that you cannot bring into the united states. what do you know? rich: i would first like to start off by perhaps, offering you some goat cheese. -@you guys give me your order ad the show. let's talk a little bit about what is going on with this cheese. this is a massive shipment. it is stuck in the port of newark right now. the food and drug administration

say that there are too many per square inch. these techniques that are used have been like this for hundreds of years. there is actually not this much. they have one more shipment due in and that is it. it is even worse on the other coast. >> this is what is scary to me as a cheese professional. the president is just one cheese. without just one cheese, this is not a huge issue. some of the most famous cheeses in and the world have the same issue. these are cheeses that people would really notice if they were missing. they do have a target value of six per square inch. this was established through a

survey conducted a number of years ago. they are still waiting. there is only one shipment left. a number of folks have taken to facebook to complain. back to you. connell: rich edson grew up in jersey. did you work behind a deli? rich: we all work behind a deli. [ laughter ] dagen: exactly. i do not know what the f ea is so upset about. connell: a nice rally on the market. dagen: that is right. cheryl and dennis are coming up next. dennis and cheryl will be talking about some steps you can take right now.

keep it here. ♪ we went out and asked peoe a simple question: how old is the oldest pern you've known? we ge 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 thahasn't changed much is the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪

you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be thisard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com.

dennis: i am dennis kneale. cheryl: i am cheryl casone. we have a rally on our hands. the dow steadily higher. homebuilder confidence hit a milestone not seen for seven years. national homebuilders association ceo here with the news. dennis: nsa controversy following obama's visit to the g8 summit. an analyst dress is it even relevant anymore? cheryl: and advising corporations on how to keep data from prying eyes. dennis: nicole petallides at the new york stock exchange. nicole: is the market doing so well jumping 160 points sitting

at 15,231, we have seen oil breaking through some key points. the big picture here, you noted one of our economic indicators of homebuilders feeling like the environment right now is the best we have seen since the mid-2000's. we have seen the new york empire manufacturing number come in showing expansion and everybody is eagerly awaiting to see what the federal reserve open market committee, what will their findings be for the policymake policymakers, will they trim it, taper off the bond buying. it seems more people right now seem likely not. cheryl: thank you. for more now on the market, associates principal is here. you say even with these green

stocks, using the time to taper is getting much closer for us. >> it will come down to where the growth is. it'll be a little bit stronger, the confidence is coming back. cheryl: you are stockpicking, what do you favor? >> it'l it will be very importao have companies control their own destiny. parts of the world are doing great, others are more sluggish. we want companies that can control their own destiny a little bit. cheryl: yum brands, this is pizza hut, talk about, kfc. >> this is a stock that has had a run-up, kind of net flat. in china, southeast asia great market but some of the suppliers were revealed to have stuff they didn't need to.

as they get back they will start it up. cheryl: it is a volatile chart. the stock up over 9% over the last year. you picked this, since you picked it is up 58% lab instruments, stuff like that. >> this is the 800-pound gorilla in the area. how'd we bend the cost curve, some of the diagnostics, research and the drug, targeting therapy, all of that stuff and they are right in the middle of all of that. great examples of one of the challenges we have which you buy a stock at 60, it is 80 but the earnings is going along. cheryl: up 58%. another stock you picked augus

august 92012. it would have made a 45% return on starbucks. >> europe has sort of been a thorn in their side getting their arms around that for the first time. it has a few acquisitions made recently, they will add to the lineup, it is a great company. cheryl: dunkin brands. this is something you picked m may 82012 or viewers would have gained. >> duncan can double in the u.s. it is a name and constantly are thfamiliar with. it'll play out over 10 years, still plenty of room. cheryl: we've talked about this one a lot, do you still like it?

>> we do. sunglasses, prescription where, the wholesale at the retail market you like, less and less competition by the day. cheryl: i want to bring this one because you picked it in november 2011. it gained from 2011. even the one-year chart is pretty strong. >> last couple of weeks this was a read. this is the largest player in industrial real estate with warehouses and shipping facilities with the second largest player, the guerrilla in the space. a near death experience. cheryl: i want to show quick look at the five-year period really quick i want to go through these, blackstone you pick this one in november 20, 2011. and this last stock, you pick

this in october of 2011, if our viewers would have gone with you they would have made 70% on this stock. >> rising market helps a lot of stock pickers. it is the clear winner. cheryl: at the end choosing to be humble. glad to have you on the show. dennis. dennis: syria and the nsa snooping big topics for the g8 summit in northern ireland. peter barnes has the latest. peter: the president is performing in the g8 meetings and there is an uninvited guest at the table, edward snowden, ffrmer nsa contract worker who leaked details of the current surveillance programs. his latest disclosure to "the guardian" newspaper says u.s. and tradition spy agencies

eavesdropped on communications of world leaders who met in london for the g20 summit in 2009 including then russia president, now russian president vladimir putin is attending the g8, and he meets one-on-one with president obama later today. the talks already going to be difficult because of support for the syrian government, and let you know snowden is doing an online chat with "the guardian" of the discussion of the programs. the president and european leaders announced they will start talks to have a big transatlantic trade agreement between the u.s. and european union's. dennis. dennis: thank you very much. with the rise of china, india, brazil absent from the g8 is the g8 even relevant anymore?

let's ask managinn partner of spotlight ideas from london. what do you say? >> on the influence if you're not take an opinion from the nations like china, brazil in that regard. including others such as mexico, indonesia. as your colleague was saying, the key is an economic level based on the north atlantic free trade area. of course were in the same situation where we only had a meeting to discuss the meeting that will begin in july and washington. we still have some ground to travel. dennis: each member has its own problems. india and france, germany with elections coming up 3 months from now.

with years of watching from far away on the g8, have you thought of anything dramatic to come out of one of these g8 meetings? what anything happen this time? >> i suppose we have the financial crisis in 2008 the g8 was the springboard platform because the major financial centers will be represented by g8, not g20. some consensus of liquidity and governments being involved to rescue struggling financials will be stemmed in that way. in terms of the economy, no, you have to include the opinion of those up-and-coming nations. not to say the u.s. is declining, we are seeing progress on the global economy with meetings in g20 later this

year. dennis: the nsa surveillance controversy, our government's defense in america has been look, we are spying on foreigners. even though they aren't hauling in millions, what'll be the reaction on the part of other world leaders gather the president has admitted we are spying on your people? >> i think if it is undertaken bilateral relation in agreements between intelligence agencies and in exchange of information. not too much because most people actually feel if you're not doing anything wrong you have nothing to worry about if people are listening to you. the idea they have a misanthropy conversations of other world leaders, that may be a concern. espionage going on since biblical times but there is a very dangerous territory here and have to know what was the

direction, duration and location of all of this happening. the issue is his mother time and money spent on this program proportionate to any intelligent threat or security threat that seems to be a clear and present situation. dennis: thank you for being with us. >> thank you, my pleasure. cheryl: just work the u.s. government. nsa leak or edward snowden taking questions on "the guardian" website. dennis: expanding the use the mac abusive programs. what would you ask edward snowden? we will read some of your responses later in the show. [ male announcer at his current pace,

bob will rete when he's 153, which would be fe if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he fod someone who gave him a fresh perspective on hisortfolio. and th some planning and effort, hopefully bob can retire at a more appropriate age. it's not rocket science. it's just coon sense. from td ameritrade.

cheryl: we certainly have a market rally on our hands. look at the intraday, here you

go, 15,000, 259. that is where we hit the intraday high. what can a couple of things as we go to look at the names. at one time all 30 stocks were in the green but now some names. surprise at home depot considering what we had going on but overall most of the top three leaders on the leaderboard. watching too much golf over the weekend but here are your green stocks with nicole petallides. always fun to kind of cover these things. >nicole: facebook has put out te very enticing press release on june 20 they are inviting members of the media for a big idea in california. what are they going to be

telling everybody? remember the last time the hell this anticipation media press conference they brought out the graph which basically you can filter and organize your friends. we will see what this one is. this press event will be on june 20. cheryl: that stock can be stressed. we will see you. dennis: he is following up on irobot. charles: the stock is exploding today. we talked about this, at the same time it is a featured article in the "time" magazine,

the news and i talked about where would i get out. i said 37, 38. i will go higher. the interesting thing, creating a robo boss. that into greater detail, it is not just a robot somewhere remote, it learns the office, it memorizes the office through gps and everything else. all they have to do is say check on cheryl casone. cheryl: the most boring question ever. dennis: 90% comes from the roomba. i don't understand why they don't find ways to sell more of those. cheryl: you both interviewed them on friday, were you impressed? dennis: i think the stock is noe

bottom line anytime soon. charles: work will come back are the defense contracts. that is what really hurt them. local contracts, municipalities. your local police department, that kind of stuff i think is under the radar. we will see about the high stuff. i have to tell you one more thing, 2014, they really see this company's revenues pouring in. if you wanted discounted response, dennis is your man. cheryl: fears that china will by dumping cheap cars onto theit world market. details on china car dumping coming up. dennis: protecting your business from hackers.

a cyber consultant ahead with moves you can make right now. first, how the world currencies are faring against the dollar. i wanto make things more secure.

[ whirring ] [ dog barks ] i want to treat mo dogs. ♪ our business nee more cases. [ male announcer ] where do you want to take your business? i need help sellingrt. [ male announcer from broadband to web hosting to mobile apps, small business solutions from at&t have the security you need to get you there. call us. we can show you how at&tolutions can help you do what you do... even better. ♪

>> 22 minutes past the hour, this is your fox news minutes. supreme court struck down a decision with arizona law requiring citizenship to vote. approved by arizona voters in 2004, civil rights groups say the law discouraged voting by illegal immigrants. supreme court ruled the federal trade commission can sue drug companies for deallng with generic competitors to delay cheaper generic options of popular drugs. those pay for delay deals cost drug buyers more than $3.5 billion per year. drug companies say they are legal patent settlements. the trial alleged mobster james "whitey" bulger hearing from an alleged hitman committing to killing 20 people served 12 years in prison in exchange for his testimony. the attorney says he is not credible because of the

extraordinary plea-bargain deal. those are your headlines. back to dennis. dennis: thank you. detroit is getting back on his feet with an overflow of car production in china could mean trouble for the motor city. here to explain how a huge supply of cars out of china could mean new, cheap competition for u.s. automakers. >> the issue is about dumping or undercutting the global market by 2018 china will be able to produce 30 million vehicles per year. twice the size of the current u.s. market. we are seeing a slowing demand for cars in china. a gap between capacity and actual sales. china's car market slowing through 2020. that is down for average 24% per year from 2005 through 2011. only 30% are domestic brand.

they are way better than their own chinese brands. what happens of china makes too many cars? unloading them for under market cost overseas. we've already seen this in australia where ford has stopped manufacturing vehicles because they're selling for $12,000 chinese brands each. saying it is not viable for them to be there in the long term. interest in market has begun to feel the pain with the chinese producing too many solar panels. chinese companies are dumping them overseas as well. selling them for 88% below market value in europe. i have just approved tariffs to try to stop the business. dennis: thank you very much. >> thank you. dennis: breaking news. on what the nsa leak snowden

tartan president obama's deep in an abusive programs and says he did not reveal military operations, the secrets are legitimate military targets. and earlier snowden says the u.s. government has destroyed any possibility for him getting a fair trial at home. tweet us on what you would ask him. and you can go to "the guardian" website to ask him. cheryl: take a listen to this. >> cisco is a value play. it has about $4 of cash per share on the balance sheet, earning $2 per share and trading at 21. operating margins are actually improving and of course it is well-capitalized. so if you get an uptick on a global basis, cisco will actually benefit from that. cheryl: that was portfolio

manager back on march 22, he had his recommendation on cisco. take a look at this, as you can see the stock is up 15% since then, it hit a two-year high just today. joining us friday for a new series. eight stock pickers going head to head in a month-long competition. we kick things off with chad. who will come out on top? tune in at noon eastern time friday, every friday thereafter. homebuilder confidence hitting a seven-year high, the ceo of the national association of homebuilders here next. dennis: "man of steel" flies high. and it look at some of the s&p

winners and losers.

dennis: the stocks rally ahead of wednesday's stock meeting with fears subsiding. also feeling the rally, homebuilders seeing the best housing market conditions in seven years. the ceo at the national association of homebuilders is here next. and nsa leaker edward snowden taking questions on "the guardian" website. what would you ask him? tweet us and we will tell you

what you said. stocks now every 15 minutes. nicole petallides with a look at some movers. nicole: easy to find names on the move today, take a look, american express came in may 1% versus 2.1% in april. moving up more than 1%. the homebuilders great. johnson & johnson making an acquisition to develop drug cancer, prostate cancer drugs, that acquisition will be around a billion dollars. that flows getting more hours for dreamworks. back to you. cheryl: a lot of the doughnuts, bacon egg sandwiches, it is actually discussed in. thank you very much. so excited about it. major milestone for homebuilder confidence now above 50 for the

first time since april of 2006 searching eight points, meaning more homebuilders now feel conditions are good rather than poor. jerry howard joining me now. we have been waiting for this for how many months? >> this is the first time i can say i am really glad to be here. great news. cheryl: you beat out the estimates. top economist numbers, what was it? >> pent up demand. cheryl: clearing out existing homes. >> the foreclosure crisis behind us, a lot of existing mortgages back above water. people are confident and are coming back in. cheryl: everything was above 50 except for the northeast.

>> the northeast with a small sample for some reason and happens to be the most volatile. cheryl: is that normal or just right now? >> it has always been that way. >> still saw a bump up. >> since this recession it has been the hardest hit areas. we watched them very carefully. they are lagging behind some other areas but coming up, if you look at the six month numbers, what will it be like six months from now, it is 61. cheryl: you always look six months ahead. what about traffic? we did not get the boost of the confidence that took them a while. >> we fear interest rates will go up, if you're going to buy, buy now.

>> there still very low. but i want look to make sure i can catch the wave at its peak. it takes a while to build a house, obviously, but when people buy existing houses, it creates demand for new homes. you can get a loan a little bit early, but probably not early enough if you're building a brand-new house. >> you are also saying they were having trouble getting their own loans. forget the consumers. the companies were having issues. >> the regulations is keeping the banking industry very, very constrained. they are looking for alternative strains of capital. cheryl: a lot of big-money investors are still looking for other things.

>> we think we present a good alternative. that is what brought me to new york. cheryl: interesting. thank you very much. dennis: coming up, protecting our business from computer hackers and maybe even government spooks. cheryl: firefighters getting ahead of the colorado wildfires. and take a look at the 10-year and the 30-year treasury. we will be right back. announcer: where can an investor be a name and not a number? scottrade. ron: i'm never alone with scottrade. i can always call or stop by my. they're near and ready to help. so when i haveuestions, i catalk to someone who ows ex. because i don't trade like everybody. trade li me.

that's why i'mith sctrade. announcer: scottrade- proud to be ranked "best overl client experience." a brand new start. your chance to rise and shine. with centurylink as your trustetechnology partner, you can do justhat. with o visionary cloud infrastructure, global broadband network and custom communications solutions, your busess is more reliable secure - agile. and with responsive, dedicated suort, we help you she every day of the week.

>> i'm tracy byrnes with your fox business brief. a bullish day on wall street. the federal reserve could pull back on a bond buying soon. the dow up 155 points. small businesses nationwide are seeing immroved financial optimistic about the months ahead. but concerns about hiring and growth remain. 35% of those surveyed city finance the decision is better than the euro zone. and getting into the babel product business just in time for the arrival of the new royal air. selling everything from born to rule sleepwear. expected to be boosting the u.s.

economy, 380 million u.s. dollars. that is the latest from the fox business network giving you the power to prosper. ♪ ♪ [ male announcer ] if you can't stand the heat, get off the test tck get the mercedes-benz you've bn burning for at the summer event, going on now at your authorized mercedes-benz dealer. hurry, before this opportunity cools off. [ slap! ] [ slap! slap! slap! slap! ] ow! ow! [ male announc ] your favorite foods fighting you? fight back fast with tums. calcium-rich tums starts working so fast you'll forget you had heartburn. ♪ tum tum tum tum tums you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide.

[ male announcer ] it shoul't be this hard. with creditcards.com, it's easy to search hundreds ocards and apply online. creditcards.com. dennis: nsa leak backlash. dick cheney weighing in on "fox news sunday" yesterday. >> i think it is one of the worst locations in my memory of somebody with access to classified information doing enormous damage to national security interest of the united states. dennis: our next guest says it is not just the government you should hide your data from. thank you for being with us. google, facebook, apple, now coming up with responses and wanting more permission from the government to tell users what they have been revealing. what do you think of the response so far? >> one of the problems is a

hidden element, these companies are collecting a ton of data about all of us. they are partially at fault for having the data that goes to the government. dennis: government did not tap into any of it. are the companies collecting it willy-nilly because storage is cheap and we can, or because they can do bette a better job f providing us what we want to see. >> it is both. they want to get every piece of data they can about you now to see how they can monetize it later. dennis: in terms of what i can do to reduce the chances of some of stuff is getting hacked by the company i do business with or my government, what kind of tools can we use? >> the biggest problem is the private companies have your data to begin with so we want to cut

the supply chain off. there are tools that make it harder for the nsa to get a strong picture of you. our company makes a tool that blocks hundreds of commercial companies from collecting data. and there are tools allowing encrypted calls and encrypted chats. cheryl: what do they do? >> they are vpn and proxies. they let you kind of hide your ip address which is unique to you and gives away a lot of data about you. they can let you be more safe about your identity. dennis: do you think most of us have anything to fear at all? >> it is less about what you have to hide and what you have more to live for. we have things we like expressing and doing, even if you don't have something to

hide, it is not okay for those details to be revealed without your consent. dennis: it changes the reality of what i am able to express. is it one answer from the tech company paying me for the data? the more i will be willing to be transparent? >> that is an emerging market, consumers are being traded and sold and should have a piece of the only data. dennis: we can trade that like a futures market. thoughtful analysis, we appreciate you being here and good tools to use. cheryl: thank you. time for your "west coast minute." crews worked through the night to get the colorado blaze under control. the worst in the states history

destroying 500 homes, a fire is 65% contained and firefighters hope to have it fully contained by this thursday. lowe's is taking over a west coast company. a deal helping the retailer expand its presence in the state of california. orchard supply hardware will be acquired for $205 million giving 609 orchard stores. they employ 5400 people but has been struggling since the spinoff from last year. higher by $0.44. there you have it. finally, vegas is back. once again an executive at a global gaming company the highest earner in sin city. going to a pharmacy ceo the year before. making $24.2 million for fiscal 2012.

a big piece of the celery, stock awards and that company. the stock is up $1.20. and that is your ""est coast minute." dennis: finally, life as it should be. gamma executives making money. teddy weissberg, what is going on? i think you are bearish a lot of the time over the past month, it must be kind of disheartening. >> you are right, nobody likes to be wrong. up is always better than doww. i suspect i am not alone. a lot of people took money off the table and perhaps even more that are short, scratching their heads right now. i am not sure what today is all about.

we have the daily volatility, the popular averages continue to create more or less at the top end of the trading ranges which is frustrating if you are bearish, and there's nothing more bearish than a sold-out bowl. dennis: i keep on watching the market. the fed meeting coming up on wednesday, but writers ran a story today that said the last four times the fed has eased, stocks rose 16% on average, so what are we so worried about bush mar?>> we're worried aboutd of themselves back from the liquidity. if they temper their current policies, that sends chills through the traders because if

it in fact is shifting its policies to less liquidity, clearly that has a negative implications the stock market which simply reinforces, by the way, a lot of the market gains we have seen the last six months in the last two or three years going back to march of 2009, maybe not exclusively but for large part has been driven by easy fed monetary policy. dennis: thanks a lot for being with us. keep watching those stocks. cheryl: it is not just the market rising, take a look at oil hitting a nine-month high. let's go to the trading pits of the cme. what do you think, we will hit 100? >> i don't think so. we are seeing the market pullback because maybe the market will be more afraid of the fed then they're going to be

of the geopolitical tensions. and friday we are buying because we're worried about syria, worried about russia. something's happened over the weekend like in iran. that could lower the tensions. even said talk to us, we want to talk. some of those tensions are starting to ease off a little bit. now we're focusing on the fed and the dollar. they were nervous about the weather, and now we are pulling a little bit as the dollar continues to get stronger. theemanufacturing data, which normally would signal strong demand growth and we would rally with the stock market but the strong dollar has taken away a little bit. back to you. cheryl: thank you, phil. >> thank you. dennis: "man of steel" flying to the top of the box office. the latest on this weekend's record-breaking numbers ahead in my media minute.

cheryl: getting the job donn. this summer's hiring hotspots unveiled and the list might surprise you. we will take a look at the winners on the nasdaq. names that you know. we will be right back. with the spark cash card from capital one... boris earns unlimited rewards for his small business. can i get the smith contract, ease? thank you. that's three new paper shredds. [ bori put 'em on my spark card [ garth ] boris' small business earns 2% cash back on every pchase every day. grt businesses deserve unlimited rewards. read back the chicken's testimony, please. "buk, buk, bukka!" [ male announcer ] get the spark business card from capital one and earn unlited rewards. choose 2% cash back or double miles on eve purchase every day. told you i'd get half. what's in your walle

dennis: in today's media minute, "man of steel"'s money at the box office. raking in $113 million friday through sunday, best opening ever for superman film. best ever for any film in the month of june.

"man oo steel" raking in $125 million counting thursday. forecast were $485 million. meeting time warner can go up against "the avengers" with her own flick in 2013, "justice league." that is a lot. already sold the first 1 million copies to samsung. samsung paid $5 apiece for those copies and is giving them away to users of the samsung galaxy smartphone three days before the new album is officially out. giving samsung publicity when music sales were not what they used to be. cheryl: it will take some cash tt afford the music tickets this summer so you may need to make a few extra dollars. the best cities and worse to

find work for this summer and the top cities to find work, des moines, iowa. 26% of employers plan to increase their workforce and demand. the worst city, fort myers, florida. florida has for the top five worst cities on the survey. dennis: breaking news on the comments from edwards noted in the live online q&a on "the guardian." deepening and expanding several abusive snooping programs.

it is nice he has the power to judge. cheryl: for him, i guess. we ask you to tweet us what you would want to ask edward snowden. brian asks why do you think you have the right to decide to leak information that was all america's decision if it need to be investigated. headlines if you would give class that information to the chinese. wants to ask snowden what is your gps location. dennis: i am sure it is already well known. cheryl: will he go back to the u.s.? eric bolling sat down with his dad, defending him saying he is a good kid. dennis: on father's day. cheryl: president obama about an hour away from his meeting with russian president putin. dennis: will syria talks take

over? that is next. [ me nouncer ] if youuffer from a dry mouth

then you'll know how comfortable it c be. [ crickets chirping ] but did you know that the lack of saliva can so lead to tooth decay and bad breath? [ exhales deeply ] [ male announce] well there is biotene. specially formulated with moisturizers and lubricants, biotene can provide soothing relief and it hel keep your mouth healthy, too. [ applause ] biotene -- for people who suffer from dry mouth.

lori: good afternoon. i am lori rothman. >> fed figures appear to be cooling. i am adam shapiro. lori: can obama win back the trust of the american public? can you say no to the federal government? chrysler has. first, it is time for us to check stocks. nicole petallides on the floor of the new york stock exchange.

we are off to a good monday. nicole: all 30 dow components have been in the green. obviously, you have had different pieces of economic news this morning. homebuilder sentiment came in the highest in years. everyone is waiting to see what the fed has to say later in the week. and lot of anticipation there. a lot adding that they will not taper. all without the arrows. the one wildcard this week really is what the fed will do. energy names are doing very well. jpmorgan is doing well also. cisco systems is up three and a quarter percent. cisco systems and hewlett-packard also looking