♪ ♪ imus in the morning ♪ >> scandals and turmoil overseas, but no impact yet on your money here. and in for stuart. here is the big story. egypt creeping closer to the military. and mohammad morsi. the protesters will step in. that deadline is tomorrow. more protesters today. and then there's edward snowden.

a statement railing against the obama administration ap he no word from president obama since the remarks. and on "varney & company" we're about to begin. re having trip. [ babies crying ] surprise -- your house was built on an ancient burial ground. [ ghosts moaning ] surprise -- your car needs a new transmission. [ coyote howls ] how about no more surprises? now you can get all the online trading tools you need without any surprise fees. ♪ it's not rocket science. it's just common sense. from td ameritrade.

>> the countdown is on. three of them that we're watching. first, the egyptian military has given mohammad morsi 48 hours to end the crisis that surrounds their presidency or they'll come up with their own plan. and flooded the streets in protest of president morsi. morsi rejected that 48 hour demand and refuses to step down, liz, what do you think? >> the military is saying, essentially represent the will of the people. no to sharia law. they don't want sharia law, islamic law, if you don't go to the will of the people you will be ousted. egypt might be the first country

in human history to have a countdown to a military coup. charles: and the european union officials give them 72 hours, they can fulfill the conditions for the massive bailout condition before they get that money. and the eu financial ministers meet, and here we go again with greece. >> here we go again. 11 million is what they're looking forment and imf said uh-uh you're too close to report your government benefits including that your pension. the imf may pull out. greece is in the 6th year, 20% j jobless rate and greece is trying to tax their way out. charles: and that's amazing. and by the way we're not left out. america, we're 72 hours away from the june jobs report. the first since fed chairman ben bernanke hinted that he could slow down on the printing

presses. what about that one, liz? >> whether or not we remain in qe infinity. we don't know. we're looking for 170,000, weaker than 175,000. charles: the goldilocks number, 175,000, a great america. this is a shortened trading week, but your money is making big time moves, make no mistake about it, and we'll have big news and major impacts on the market friday. the jobs day, right now this is the calm before the storm. the opening bell is next. the boys used double miles from their capital one venture card to fly home for the big family reunion. you must be garth's father? hello. mother. mother! traveling is easy with the venture card because you can fly any airline anytime. two words. double miles! this guy can act. wanna play dodge rock? oh, you guys!

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plus get this document shredder free-- but only if you act right no call the number on your screen now! ♪ ♪ guess who's back, celebrate ♪ >> that song in honor of disspdi despicable me 2. it goes up against disney's "the lone ranger" expected to be a gigant gigantic big flop. joining the company now from chicago is scott shellady and scott, markets are in something of a holding pattern. we're calling it the calm before the storm on friday, what's your prediction? >> well, my prediction is this: that that number, whatever the

jobs number is, and inflation numbers are going to dictate the fed's hand because they're data dependent. we'll have a thin market. probably won't go too close from home, but volatile until friday morning. . charles: we did start yesterday on the upside and not doing too badly in the market. and i know you notice a flow, but you're suspicious. do you kind of ride this thing out through friday, if indeed we continue to rally? >> i've been doing it for 25 years and what my experience tells me is this, we might be higher or lower, but we'll slowly, but surely graduate toward that unchanged of level friday morning. it's friday morning we're worried about here and that's the number and i think they've been trending lower so we're not really looking for a huge number. i think we'll be on the defensive all day today and tomorrow as things consider waiting for that number on friday. charles: quick, scott, the opening bell has run. the dow is off 16 points right

now. yesterday it felt like the market was up on good news. if that sort of dynamic changes with the market able to go up on good news, will that change your perspective on this rally? >> yeah, i think so. i mean, we've got two things, this boils down to two simple things. number one, the things aren't good and the fed has to keep going, or number two, the market will find it on its own. for stocks, we've seen a race back up here or going higher, but ultimately speaking the economy gets better and we rally or the fed steps in and we rally. charles: that's called a win-win. the scott, have a great 4th. whenever a company makes a change at the top, i always say take a look at the stock and this way you can see how much everyone likes or dislikes the outgoing ceo. and zynga is the case here and the stock is up and looking forward to the former head of the microsoft's xbox. that was announced yesterday and the news is rippling through the markets. how are the shares.

>> look at that, up 12% this morning, so that should tell you. and just the rumors flying around yesterday also helps gwy zynga, and love the fact, which has been struggling. charles: disney's board extended iger by 15 months and remains chairman. want to check the shares on disney right now, relatively unchanged. we'll see what happens here again. the long range they're not expected to do well at all. i want to go back to nicole, and constantly the brands are supported this morning. it's a disappointment, less money and where are the shares. >> good news and bad news, i'll give you the bad news, the stock is to the down side and you see the stock down nearly 1% at 52.69 and lower quarterly earnings. the one piece of good news, they did raise their full year forecast. constellation brands, they may recognize some of the wines,

modavi wines, and others. . charles: and i recognize some of the problems. quick, ford. they just reported sales numbers, up 13% month over month. is that good news? >> the sales are up 13% and the stock is virtually flat at the moment, but good news for ford. they continue their record setting pace for the escape in particular. and we know the trucks are the bo bomb. charles: all right. nicole: the bomb means good. charles: and the f-series, it's the best for the f-series since 2005. i bought a new car and my wife wouldn't let me buy the f-series. and we want to bring in the markets and shah gilani. now, this is my name for you

you're the reluctant bull. almost as if you're disappointed that you're bullish. i'm a trader by heart and looking to be in the market one way or the other and i like it both ways, i prefer bull markets and make a nice run and have a long run at it, but we're sort of right now the fed potentially exiting ayn tand taking the foo the accelerator. independence day, can it raise independent of the fed. charles: let's say it can. last week there were sessions we were kind of up on good news. yesterday we were kind of up on good news and we were clinging on that rally into the close. let's say you see evidence, the number is 200,000, better than expected in and the market goes up. how does that he can change yex approach. >> it's much better.

and people say it's definitely the end of the fed. charles: that's my question, when and if the market ever exhibits the ability to rally even when it's on news when it puts the fed out of the picture, is that a good sign, even as a trader from a longer term perspective? >> i don't know that i would rely on that, what the fed is doing. i think we have to strip out the fed and assume they're going to do what they said they're going to do which is ease off the accelerator. are the companies going to drop top and bottom line. charles: as a trader you have to focus on the emotions of the markets, it's not the fundamentals. xyz reported 40 cents. who cares? if the street was looking for 42 cents, it's bad. if the street was looking for 38 cents it's good. you're focusing not on the emotions of market, ups says the market has been overemotional. go over weight on those and--

>> i disagree with that. i think it's incorrect advice and problematic for anyone who gets in late. we haven't had any major correction and i think to go long here would be nothing, but dangerous and foolish liz: i think that citigroup says up 10% some say too optimistic. are we headed for a summer rally? every year since 2010 we start great and then go negative. do you think we have a summer rally? >> we have the setup for a summer rally, i don't know. actually i've got fresh data points and i think if we get above these in the major benchmarks we could see a nice rally. if we don't, we're in trouble. dow has to get above 15,000, 112. and the nasdaq composite has to get above, break new highs. charles: and those are the numbers and get there on a closing basis and then we're off to the races.

charles: shah gilani. nice to see you. republicans are now using the so-called war on coal that president obama waged last week against democrats. not only for the mid term elections, but for 2016 and man major swing states like ohio and pennsylvania, makes sense, your he' taking jobs and livelihood away from people. >> especially in states like ohio and shutting coal plants. the president says stopping climate change to you, the radio address, is a prerequisite for anybody getting your vote. west virginia not liking it. joe manchin saying this is ridiculous, the democrats going against the leader of their own party. charles: west virginia, ohio pennsylvania, a dangerous gamut on behalf of the president. and apple plans to build a new solar farm in nevada for the power center. i don't know, is this pr, a

smart move? >> apple is using more renewable energy for data centers. analysts are saying this is the equivalent what it's doing in nevada to taking 6400 cars off of the road. and then wonder, hey, what about that carbon tax? >> every time they use those or equivalent of planting trees. we don't take the cars off the road. i get what you're saying. new at 10:00, it's called digital dementia. more people, especially kids relying on technology and it's scary the results of this stuff. point blank, it's making us stupid and cutting edge technology. what do we do? we're going to bring both sides of the argument together in the next hour. digital dementia. and seven early movings fers. in a market that's flat. and credit suisse, this company they're calling an outperform. canadian is solar, i think i've had it on varney as a making

money stock. they sold their ontario plant. 10 mega watts of power to trans-canada, one of many sales they're going to be making. outer walls, i hate the new name, but the stock is taking a good name and taking over where you send in a cell phone and you get cash. liz claman is talking about that you want to catch that today. and $11, one of underwriters went to a buy saying it's a $20 stock. ply holdings, another may ipo. they've got three upgrades. goldman, target, 25. credit suisse says outperform and j.p. morgan says it's an underwait. and dunkin' donut. nielsen is going to be replace, sprint nextel in the s&p 500 over the next month and stocks making a big move and a lot of money managers must buy that stock. and flat to relatively flat,

showing a smidgen, the dow up about 3 points. the situation in egypt continues to deteriorate and the military in that government giving 48 hours to meet demonstrators demand. who exactly is the military? is it a shadow force? we don't know. why should we keep sending them our taxpayer dollars? you're going to find out after this. ♪ ♪ you've got a fight for your right to party ♪ announcer: where can an investor be a name and not a number? scottrade. ron: i'm never alone with scottrade.

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>> all right. let's check the big boards. remember though we've got to get above 15,112 accord to go shah gilani before we take off. and time for the gold report. 1254, relatively quiet, but not free falling. let's take a look at ford shares again. moving higher after sales were up. huge, a big month for the f-150 series. america loves its trucks. chrysler sales were up earlier. jeep grand cherokee and the dodge ram up again. and ford is making a real nice move there. we're less than 24 hours away from the deadline egypt gave mohammad morsi. meet the demands of demonstrators or the military will take action. and here is the thing, the big question, who is the egyptian military? who are the guys who get to dictate who is going to be the

president of egypt? this is the untold story revolution. certainly we saw masses put mubarak into the history books and now we're seeing ten times larger masses come out and revolting against the brotherhood against islamist rule and sharia. and the problem is there is he' always been a state within a state. since 1952, the supreme council forces basically have run egypt. the late 90's they start today pull back and even though they came out of their ranks and basical basically idealogs, and they have their own businesses and et cetera, they're extremely -- they have not transformed into had a military of the people. in late 2012 morsi tried to

shuffle the leadership and tried it put in younger folks, it's a secular-baseddtype military. charles: with the other arab uprising scenarios we saw where the ruler was deposed and so was the military, at least the military leaders can we ever say that egypt will have a true revolution as long as the military continues to dictate who is the final victor? >> well, it will not be a true democracy or a republic based in liberty until the military is truly controlled by the civilian government. but what happened now, morsi has not ruled by democracy, he's put into place fiated blasphemy laws and areas of government in tourism. a group is running luxor and they say hold on, this is not freedom. and there's an uprising, we want to better government, better economy, back from the

islamists. this is a good move happening and we need leadership in washington to help transition this and we need washington to take sides and not be asleep. as we've seen in iraq, we saw in syria now, the military is a huge part of a transition and until they actually begin to take a real back seat. if they're going to listen to the people, we need to hear morsi and others say they're going to relook at the constitution and relook at a real parliament which has been missing and move toward reconciliation. charles: it sounds like you're saying you can live with morsi staying in there, as long as he implements more democratic reforms, because to your point, it feels like this uprising here is larger than the other one, but it's also leaderless. who is the opposition leader and who is going to step in? who do we root far is finally what i'm trying to figure out. everyone watching the show, we never know who to root for, particularly in this case. >> well, charles, the side we need to take is the side of the

people that are against the muslim brotherhood party and finally beginning to unite around the idea of liberty and take that side against the brotherhood. >> that means that morsi has to go, period? >> well, there needs to be a transition through a legislative process in which he goes and which you visit, revisit the elections, revisit the constitution in a democratic parliamentary process rather than a military coup that would reset them back to 2010, which is not a solution. they need a third pathway of liberty, not the mubarak, secular leadership. not the islamist failure. because if it goes too long, you'll end up with an iran, and the entrenched islamists that never go back to freedom. charles: you used the word never. and you've pushed hard and talked about a muslim jeffersonion outlook, and we appreciate your time on these things.

>> thanks, charles. charles: take a look at this guy. chicago cop richard rizzo arrested four times on charges from assault with a gun and child endangerment, if he's collecting $80,000 a year in salary and pension. that's next. ♪

>> well, this is another one of those almost impossible to believe stories. chicago police officer richard rizzo, 15 years on the force, arrested four times by members of his own department while all that was going on, he was getting $80,000 a year. since then he's been fired, but that's not even the beginning. rizzo is just one of 53 police officers who are working with the chicago p.d. calls call-back. and their police powers have been stripped and spend their days at a desk and eligible for pennings and still working. so, liz, how hard is it -- it

shows you how hard it is to fire them. >> it's hard to fire them even if they're repeat offenders for domestic battery and assault of their wives or girlfriends and misdemeanors. you can retire at age 50 if you're a cop in chicago with a pension. it's a rampant problem and local reports, 1.2 million dollars a year spent on pensions for these days. until you can fix your fiscal house, then when should -- why should you be repeatedly going back to taxpayers for tax increases if you can't get rid of the bad guys who are supposed to be protecting you. >> we've seen it with police officers and teachers. and these are occupations we love them. and you come from a long line of public servants and we deplore those who sully the names of the rest. it's an economic story, too, with this corruption. and a brand new hour of "varney

& company" for you and we'll talk how technology drains your brain. and possibly makes you dumber. i think it does with me and both sides of the debate coming up and plus, san francisco waking up to day two of a rough commute and we'll talk to someone from the transit agency who unions are on strike and has america really dropped this far? we found an article in major news website with tips how to look and act canadian while travelling abroad. kets, a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price -- maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account.

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>> brand new this hour, 7 a.m. on the west coast, and san fransisco wakes up to a transit strike for the second day in a row. we'll talk to someone from the transit agency. when will it be resolved? does technology make us stupid? the debate is coming up, and we have an environmentalist all for $1 gas tax. of course, he is. jonah goldberg will talk about how the rest of the world sees america thanks to edward snowden. another hour tarts now. ♪ all right. look at the big board. dow up 52 points, back above 15,000. looking good. factory orders out, up 2%. it's not a first tier economic number, but it's another good report, and the markets are moving slightly higher on good reports. now, for the second day, san

fransisco, people in san fransisco waking up to transit strike. roads look like parking lots as negotiations between bay area rapid transit, or bart, and the talks broke down. with no new talks schedule, the only losers are 400,000 commuters. >> i know to take the ferry to work today was three times the amount. a bart strike is more than a day or two is something they can't afford on top of time. >> joining us from oakland, a bart's spokesman, rick rice. rick, set the table so the audience understands what both sides are arguing for right now. >> well, we're primarily needing to sit down to talk about salaries, pension contributions, and health care benefits. we're trying to work out a contract that's fair for the workers, but also allows the system upgrades it needs. we have 40-year-old equipment we have to replace. >> rick, before the strike, you

quoted we feel there's a deal to be had. what happened? >> we were talking on sunday evening convened late in the afternoon wanting to talk about hour proposal and respond to their most recent proposal. they told us they wanted to -- they wouldn't talk unless we brought a substantially higher offer to the table, and since we've just made a new higher offer saturday, we don't do that. >> well, you couldn't do that from a negotiating ploy, negotiating 101 #, or you can't do it? you've done a line in the sand. >> we have not drawn a line in the sand, but we have to have a conversation about it before we just do more. >> you know, you guys actually -- bart requested governor brown not to step in. there was suggestions there should be a 6 # o # -- 60-day cooling off period. having done that at your request, so far, the governor has not stepped in, another says

this is expensive. how much pressure is on you, bart, to come up with a solution? >> well, we've always felt pressure to get to the table and get people back to work and the trains back on schedule. the -- only one of the unions asked for a cooling off period, and the other union agrees. we should deal with this now. i'm hearing we may be able to get back to the table today so that would be great to get talking. >> all right, rick rice, bay area transit, we appreciate it. good luck out there. the last strike in 1997 was six days. going to nicole, general motors have their sales, up 6.5% year over year. what's that doing to the stock? >> i was watching the intra-day of the stock just as i saw the first gm headline cross. it's up 1.7% at 34.58, just off the highs of the day, just about almost 30 cents on the news. it's fun to watch the intra-day

chart kicking higher and higher. it's good news overall as they continue to see growth, but it's pulling back off the highs. all the auto companies we've seen show the growth. chrysler with the demand for dodge, and dodge brand in particular, and ford, escape helped them greatly, and, of course, the f-series trucks. >> all about the trucks. thanks, nicole. you know, liz, i just got a navigator, the third one, the last one lasted 13 years, good enough to die on me in front of the house, so that was good. [laughter] it's amazing. we have a guest coming on this hour who want gas prices higher, but this is a huge pocket of success for an industry bailed out. >> it's also an indicator where we head for jobs this this country. 15.4 million cars possibly sold at the annualized rate, better than the prior period. you're absolutely right. people want big trucks. they want big cars. >> have you seen a super chief?

>> no. >> oh, my goodness, absolute beautiful, just a monster, absolute monster. again, my wife won't let me get one, but ford is up 13%, needle doesn't move, general motors up 6.5%, and the stocks move higher. ford, really, with the f-150 is a pyramid. >> exactly. nicole reported the stocks are doing well in trading today. >> right, and chevy, large pickup sales up 29%. >> there you go. >> all about the pickup trucks. at 1 p.m., the business the autos. don't miss this afternoon, all autos all the time, and nobody knows autos better than adam. it's going to be a great show. nsa leaker, edward snowden, released a statement ranting against president obama and the administration saying they are using his citizenship against him saying, quote, they adopted the strategy of using citizenship as a weapon although i'm not convicted of anything,

if has yiewn lat right lanely revoked my passport leaving me a stateless person. joining us now is jonah goldberg. off the bat, how do you feel the president's handling the situation? >> well, look, it's a weird thing. if this is one of the rare circumstaes where i have sympathy for president obama. he created this mess for himself, and, certainly, in terms of the hypocrisy charge and all that, but in twaights, -- 2008, he was a redeemer guy to change everything, and when he got briefed by the dangers that america faces, he embraced a lot of the programs that he once dee moppized, and that's what set off snowden, and that's what gets the european countries screaming "hypocrite," and the rest at him, but i rather obama switched to embrace programs than not at all, and just sort of yiewn unilaterally surrendern the war on terror. >> he switched, but not publicly switch. >> right. >> one gave him more credibility

saying i'm in the white house, i see what the job entails and what the risks are, and i won't say as far as apologizing to president bush, but saying i see now, i've been enlightened, had an epiphany, and these are new things i stand for. >> exactly right. that's why he created the mess for himself. he wanted to keep the rock star campus hero, campus messiah image while at the same time doing the necessary things that the president has to do, and the problem is that once you find out what the necessary things are, you can't reconcile those two images of obama, and he's caught in the switches now, and a lot of these european countries, you know, i'm in a situation where i have no sympathy for anybody. the european countries who are getting to the fainting couches about how outrageous it is for americans to spy on them, one of the things revealed in the communiques is a conversation where the germans talk about how much the french is spying on them for industrial espionage.

all of these guys spy on each other. this is what's done on the international arein ya -- arena, good or bad, it's european countries veal lant, it goes on, and people are pretending to be horrified. >> people are split down the middle here. liz here. what's the fallout for the president? here's what's happening now. this is what we know this hour that bolivia, venezuela, no clear sign whether or not they'll accept mr. snowden into their country. the guy's stuck in an airport in russia. what -- there's also another report, jonah, out, that the president, the administration may want to divert ed snowden into eastern europe and then get the guy there. what's the political fallout if that happens? >> oh, i think it's going to be screaming no matter what, you know? i thought, if possible, i think, if anything, most likely thing is he gets on the plane to venezuela, and second thing is he never leaves russia, putin keeps him in limbo. there's a quasi possible

conspiracy thing the statement from snowden was not written by snowden because there's grammatical things in it reading it like a european and not snowden himself. he would help himself to get op camera at some point. this is a huge problem for president obama and john kerry, secretary of state, because it's all the press wants to talk about. john kerry is running back and forth with israel, and all people the to ask him about are these questions, are you really spying on the allies? what do you think of snowden, all the rest. they need this off the front pages, anne it's not -- and that's not going to happen until they get their mitts on the guy. >> u.s. spying and everybody shocked at the gambling in this facility. thanks, buddy. talk again. >> thank you. >> it's about the 4th of july, and some of the staples will be purchased, long known for the smithfield proposed takeover by

hong kong, rich edson is live in smithfield, virginia. rich, the people there, how do you feel about the deal? >> well, it's mixed, charles, when you look at it. first off, there's a large level of excitement. you can export more pork, and there's one things the chinese-american relationship can use is more exports to china rather than imports from china. on the other hand, though, there's a lot of concern in the area, especially if those export promises don't come to fruition, whether or not the folks around here believe that that's over inflated, they are not sure about that yet. they are also concerned about possible food safety. they are also concerned about a number of other issues. look back to what budweiser happened, a belgium company buying an american icon. smithfield is an icon with food, with american pork. they feel as though they are losing a sense of control here although the company says

they'll keep the management in place and honor labor contracts and keep it things how that are there for the 2800 employees who work for smithfield in this town, there's concern as this rolls out, charlsz. >> liz here. rich, what's the company saying about toxic food? that's concern of viewers with food imports from china. china uses thing like fer formaldehyde in tof urges, and there's poisen in the food there. what's the company saying what it's doing to protect the american consumer from toxic food practices from china? >> well, the one thing they say first off is this a mostly an export deal where they export pork. again, there's nothing to guarantee that in the long run. you're right, liz. especially looking at the import concerns we have about consumables in the united states coming from china. on the other hand, you have american food safety standards, american inspectors overlooking anything that would come from

china, but there still are concerns with that. oddly enough, smithfield ran into trouble because of the chemical it used in pork production that was banned in china, something they are removing from their production, so it's interesting. it worked the other way for a little bit. >> yeah, something of irony there. believe it or not, the people will be happy when money rolls in. guarantee you that. looks like a nice day there. enjoy yourself down there, rich. talk soon. >> thank you. >> at it again, calling for a $1-$10 # tax on every gallon of gas you buy. up next, someone who says it's a good idea. ♪ any last requests mr. baldwin?

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♪ >> hey, guys, dow up big time, up 57 points. i want in on the act. follow-up orbits, a stock i mentioned before. i still like it. in fact, it's on the cusp of breaking out to new highs. short position a couple months ago was 10%, and now it's 19%. i think they get crushed. margins are improving.

the company's got control of their costs. i think it's a takeover play, ultimately, in the space, but they are coming on strong. i think the stock is -- still, the target is ten, but not surprised if orbitz goes orbital. i know, corny. the chief climate scientistments the obama administration to have a carbon tax that generates, they think, about $600 billion a year. the way it works is $1tax per gallon of gas for you and me, and that's the start of things. it could be $10 a gallon. i kid you not. let's bring in bill with the center for bilogical diversity. bill, when you heard this, were you jumping for joy? >> ha-ha! well, yes, i am because i think it's a good idea, but before we all hype ventilate, we're not talking about $10 per gallon. we're -- congress would have to set the amount of any tax or fee, and the most important thing about this proposal is that there's a rebate attached to it. the american taxpayer would get

the money back. this is a -- >> then why do it at all? sounds like an exercise in futility. why do it at all? >> because climate change is killing us right now. i'm in tucson right now and over a month of 100-degrees temperatures. superstorms, floods, i mean, we have to do something about climate change. >> bill, what you are saying is that you make life miserable for everyone else and crush their pocketbooks and they are still going to have to buy gas because they have to go to work, got to go to the supermarket, and take the kids to soccer practice. you're going to make life more miserable for people inside their wallets and outside when they go to the car. >> no, i don't look at it that way. i have kids, drive my car, and take them to practice. this helps the american people. they get the money back. we have to get a grip on climate change. back to something i said, i was interrupted. this is the conservative solution of climate change.

many conservative think tanks and economists say this is the way to deal with climate change. don't have congress deal with plans, have it be a pure economic program. add that with the clean air act, we'll tackle climate change in a way that makes sense for the american people. >> your idea is if you tax it, people use it less, but they will ultimately get a rebate and get the money back. again, it's like a weird exercise in futility, ultimately, if you take the money from me tuesday, but mail it friday, what's it determining? >> well, what happens is if buying gas is more expensive, but you're getting that rebate, are you going to continue to pour money into gasoline fuels or look for ways to save money? like tobacco. we tax that because we want it used less. at some point, we have got to deal with carbon solution, and this could be the most longer call way to do it in addition to existing law. again, conservative theorists -- >> i heard you use the word

"conservative" three times right now. >> i hear what you are saying, and we debate a car bop tax for years. you make really interesting points here, however, i mean, even mother jones and liberal think tanks say carbon tax has little to no economic impact or environmental impact on the climate, and what they are saying essentially, what's better is moving to net gas or cleaner energies like solar rather than carbon taxes that annoys everybody, hits the poor hard, hits the communities hard, and not do a lot towards basically helping the finances of the u.s. government because there is no lock box for a carbon tax. go ahead. >> well, liz, i think you raise an interesting question, and agree there's no economic impact, only environmental impacts. the idea that the carbon-based fuels are taxed force a look at solar and wind and geothermal, allows technologies to operate on a level playing field. right now, oil, gas, and coal industries get $20-$50 billion a

year in federal subsidies. this takes a whack out of that allowing all technologies to operate, again, on a level playing field. >> yeah, ultimately, i think the free market -- if not meddled with, allows evolution of all alternatives over a period of time. ramming them down our throats at an expense that liz laid out is outrageous, to me. bill, you know, love having you on the show, be back soon. thanks a lots. >> appreciate it. >> all right. edward snowden still in russia, more and more countries denying him asylum. we got two questions. is president obama taking him seriously, and how exactly can he catch him? all rise, the judge is next.

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>> first to nicole. zinga, still a big winner? >> a big winner, unbelievable. what's happening? zinga is failing, trying to turn it around, the ceo hand picked don from microsoft who was heading their gaming division. he was hand chosen, and don said he was not sure whether or not to go over, and he went on a long bike ride, and mark's reassured him he's willing to let go of the reigns, wanted don to tom in and take over, and he did making this plunge, and look

what's going on. stock's up 11%, over 20% in two days of trading. >> adding credibility to the company and the stock is reacting in kind. thanks, nicole. well, brazil, the latest country to deny nsa leaker edward snowden asylum. mean meanwhile, at least publicly, president obama appears to not be necessarily taking this international incident seriously calling snowden, quote, just a hacker, and joking about scrambling fighter jets. former state department official chris whitman in dc. it is interesting that the president seems to bristle at the idea that this guy is a big deal in public, calling him a hacker, 29 years old, we're not going to scramble jets. the alternative is nothing. what do you think about this, chris? >> right. it's amazing. obama saying that he's not calling foreign leaders like putin or the chinese president because he doesn't think he has to. look from their perspective.

this kid stole our secrets, giving them to all our enemies, and obama can't even pick up the phone to ask them to take the politically unpalatable step of extraditing him. it's how the administration is slack when it comes to national security secrets. >> you know, here's the thing. we have to believe something behind the scenes is happening right now, some sort of negotiations going on do you think the president, though, boxes himself in because it feels like the white house worried about public relations already anything else so if you try to appear to be calm and cool to the public about this, just what can he do? how much does that mitigate what he does from the negotiating table? >> well, i think there are things, as you point out, going on behind the scenes. diplomats o working on this living through the wikileaks things involved in this, but they saw the white house was not a lot of help when thousands of sources were harmed or potentially killed by wikileaks. there's pressure on countries like brazil and ecuador and

looks like ceo dare decide -- ceo dare decided it doesn't want to commit economic suicide. ecuador saying they will not receive him with open arms the way many thought they would. >> so, ultimately, what it boils down to, our image, after this scenario, after this saga, if you will, taking a big hit? >> yep, you know, we have the doctor who helped us find and identify pakistan rotting in a pakistani jail. the white house leaked that. no one's been prosecuted for that. you have wikileaks where thousands of sources around the world were rolled up. white house did nothing about that. you have a former kgb colonel in the kremlin in moscow looking at this laughing at us saying that snowden can stay as long as he stops tampering with their american partners, ha-ha, i think putin is enjoying this thoroughly, and, again, this administration looks feckless as an organization of wikileaks and

a person, snowden, waged political war on us. >> chris, thank you very much. >> thanks. >> now to the next question. how exactly would the administration go about catching edward snowden? well, all rise, the judge is here. okay. judge, we're not going to scramble fighter jets, but is this something we can do? >> why do we want to catch him? he's engaged in an act of moral courage and political heroism by revealing to the country and to the world the most massive violations of the right to privacy, the clearest violations of the fourth amendment in the history of the country. look, the government says we have to protect the country because of national security. well, national security not only secures our real estate, but it secures our freedoms, and if the government keeps the real estate safe, but jeopardizes freedoms, it's not doing the jobs we hired it to do. when someone like snowden, and i admit his post revelation

behavior is difficult to defend cozying up with putin and characters in china, that's not easy to defend, but if the initial rev lyings of what the government was -- revelation of what the government was doing revealed that the government can't be trusted, that's a positive good. okay. >> that's a positive good, but the other secrets outside -- that part is what made him initially the knee jerk hero to a lot of americans, and that is chipped away for the reasons you mentioned, but what about some of the secrets that he might be sharing that could actually cause us harm? >> well, i don't know what he's sharing. that's the problem with these prosecutions. the government charges with espionage, they have to articulate the secrets that he revealed, and they have to say how the secrets harmed us which is why espionage is a rarely prosecuted crime because the government inflicts on itself as much harm as it says the defendant inflicked on it. how can they secure him? wearing the legal hat for you

now opposed to my value judgment hat. >> okay. >> they secure him through diplomacy like the previous guest says. they can secure him through the stick saying to ecuador here's the harm that comes to you. joe biden tells you i don't have to make the call. it's what the president says. if you give him cover, here's the good coming to you if you expel him. they can also, if they want to get very extreme, kidnap him off the public street, and deliver him to the united states because when you show up in a courtroom in handcuffs with marshalls, you say, hey, judge, i was in mew lain two days ago, they kidnapped me, the judge says if you they they kidnapped you, file a complaint against you. nothing to do with how you got here. >> before we wrap, donald trump on fox and friends says we should kill him. this sort of thinking might actually also be growing. is he a legitimate target? i know he's not in your mind from your values point of view,

but could we argue, someone in the government argue he's a point and take him out? >> it's interesting the donald said that. that's prohibited under the constitution, but it's not in the mind in this administration because this administration has argued that it can kill americans when it is impossible or difficult to arrest them and they are aggressively harming the united states. >> so extreme and awful. >> well, i know. >> it's repellant. it's unconstitutional. it's prohibited by treaties and by federal statutes. it exposes the president's, in my view, the president once he leaves the white house, but in his mind, he can do it. i disagree with the end result, but it's consistent with president obama's. >> you've been fantastic. >> this case is great for television. whatever the outcome, whatever you think of snowden and the nsa, it's great for television. >> thanks, judge. >> pleasure. >> advances in technology make life easier and convenient for everyone, but there could be a dark side to it all called

digital dementia. we'll discuss it, if i remember, after the break. [laughter] ♪ ♪ ♪ announcer: where can an investor

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announcer: scottrade- proud to be ranked "best overall client experience." power row you are looking at. obviously an amazing picture, amazing scene, probably will become more intense. take a look at the price of khalil slitting bidding near the 1 and the dollar dollar barrel deal. 1%, 98, let's call at $99. liz: concern over egypt. egypt as the suez canal and basically at trends and hawaii for oil to the broader market from the gulf region and north africa so tensions in egypt is what oil is rising over $1 in trading. charles: gasoline down 20 days in a row. that will not last much longer.

switchgears, researchers are now saying demand is not just a problem for the elderly. is affecting teens too. all because of digital technology. joining us is dr. sandra chad ginn for the center for brain health. and the smarter technology, the dumber i feel, is calming everyone a matter how old they are. >> absolutely right. technology is when people ask me is technology good or bad i say yes. it is good and is bad. stuart: meant my car starts parking itself liable for get help to drive. >> you are right. this whole idea about what technology is doing to us is changing our brains moment by

moment, everything we do and when you say what is the bad side of it is making us want to multitask because you have all this information going constantly, screens coming up and we know from brain science that our bringing was never wired to do two sings at once. as you try to do two things you are breaking down your brain and making yourself physically sicker. we also know that our technology is causing us to be distracted constantly waiting to be distracted. think about being put in safe mode all the time waiting for a being to pop up for some news to come on. the cost of this is a deeper level thinking is impaired at all-time low. charles: you are obviously a fan of technology. not sure if you study this aspect. they you find it hard to disagree with the doctor?

>> too much of the thing is bad for you. technology brings us so much. i work in an office spread across the entire world lose this show is running and technology. were not for technology this would not be happening and this has been happening for years. people have been claiming latest form of entertainment or technology is ruining our brains. i have a quote i brought from the teen 91 about the craving for literary has caused the brain to become too week to sustain thought. this is in the 91. people have been saying this. charles: i don't know about you but after a while with you put phone numbers in your phone and put a name sooner or later you forget those phone numbers and it feels i have had people tell me they can spell as well as the use to because of special check. it feels like in part of the brain something is going on.

>> how much of the brain were you taking up with phone numbers and spelling. >> you need not add to read that quote. what about the statement that when you multitasking e-mail your iq drops ten points, the equivalent of losing and the asleep smoking pot. >> i done about the iq dropping would give your doing ten thing that was your focus will not be as high. >> it is about reaching a information. >> everything in moderation is the way to go but obviously cutting off technology is not the solution. >> you probably check your e-mail and a few of their things. now we have you back. you heard from a technology point of view no doubt we know the pluses, but there is a hidden crop to this and it there is, what can we do about it. >> there's a lot we can do because i agree with you that i would never go back. i want my technology.

this whole idea whether it is young people or middle-aged people, we're downloading so much information from our technology is literally made us, can't think deeper thought. how much information we know is not making this be innovative strategic thinkers so we are going home completely exhausted. what can you do? can avoid multitasking. we have worked with companies whether they're young adults studying in the corporation are middle-aged or older people, we missed of multitasking, the level of productivity increases exponentially because they can think deeper. charles: this will not go away because technology will get better and better and will get dumber and dumber so you guys were fantastic. appreciate your time. it is the question we have frequently. are women treated differently than men when they run fortune 500 companies?

we will continue the debate after this. >> i absolutely believe women in positions of power and authority whether it is business or politics are subjected to a degree of scrutiny and criticism men are not. and it is still the case.

charlls: gas prices picked up a little over $93.47.

that is your average for a gallon of regular, the new normal. we will see. look at the price of oil hovered around a one hundred dollars a barrel and moving hire. auto sales they, ford of 13% in june compared to last year, june sales 7 years, and since 2005 you see those of 2%. look at general motors up 6% year over year. best sales in september of 2008, general motors them to present as well. to the big board the dow is higher, cruising along, 56, the head of microsoft x box replacing zynga, those shares are up this morning. here is the question. are women who are more successful less likable? you will find out next.

charles: united states spends an estimated $16 billion a year on taxpayer money to care for older americans and nearly $3 billion used for the health care alone. mind-boggling number. liz: some of these numbers are so shocking and so huge you wonder if there's a boondoggle somewhere. in michigan but the report is correct for the grand inmate per year, if a person is elderly in prison there's a lot of money going out the door. charles: a lot of money. the more successful women are in business the less likable they are by their peers. that is what cheryl sandberg says in her book been in.

our next guest says that is not the case. the ceo of cyrus innovation joins us to discuss this, a real hot topic. a lot of women have made this complaint for a long time. as they move up the corporate ladder, the more animosity they fill. >> that is true. this topic is fascinating to me and has gone so much press and cheryl sandburg claims liability for women is negative links with success but for men the reverse is true. it is positive will link to. in any other claim is indefensible. charles: are you going to make the indefensible now? >> i will defend it. so much has been researching if this is true or not. three months ago they did a 360 degree likability study and they found the opposite. they found both men ann women take the likability it as they climb the corporate ladder but men actually are worse but they go on further and say the more

effective you are as a leader the less likely you on whether you are a man or woman. liz: what do i care someone likes me if i'm going to be successful. get behind me i will be the way, is like ability nonsense, who cares if you are likable? i am tired of women worrying about whether they're like a blow not. >> i don't believe these of predicting the future but raise questions. i am not female c e o of a tech company and i do believe that a true subconscious and gender bias does exist but that hasn't stopped me and i believe you can be effective, successful and likable and is more about as leaders women and men have a responsibility to be effective. liz: you are smart and a nice person and great to your workers and successful isaiah likability should not be a factor. charles: 1 to implement the

plan, a business model, marching orders, your ideas work better, does not matter. go the extra mile because they like it or they are there to do their job. >> they want to like their leaders whether the ceo or middle manager or supervisor and when you have like ability you have for a standby always believed if you are an effective leader you know what your values are. minor courage, honesty and fairness. likability will come from that. not enough to be likable. but people want you to do well. the interest you more if they believe you are on their side and that is what is about. liz: nothing to do with gender. >> women have been subject of the gender bias or subconscious gender bias for a long time and as much as i believe that is true and exists that is not the deciding factor. not something you should hang up the flag and say tribe.

charles: this is something that will continue. we like when you bring your perspective so come back and talk about it some more. liz: you have great liability. >> i agree. charles: we need to bring in a couple workers. here is the headline for you from cnn. and president obama hurt the reputation. that is after this. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪

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what's in your wallet? [ crows ] now where's the snooze button?

>> welcome to canada. charles: cnn things that has the key to overseas travel. don't tell anyone american citizen. here is the headline from the web site, quote, happen to pretend you are a canadian when you travel. the article goes on to explain canadian mannerisms, social customs and body langgage designed for you to help hide your u.s. identity. as our fet and taken that much of a hit. liz: here is how to pretend you

are canadian when you travel erm eric in. is what a reader says. complained about the united states but never mention how your country doesn't have to pay for defense the could you rely on the united states's military so you can spend your money on health care system you hate anyway and the u.s. use its health system. charles: by the way and education. canadians are better educated than we are but it is not. i thought we were entering an era when everyone was going to love america. what happened? liz: people still love america. we'll greatest country in the world and that is how i feel. charles: i always find older people in older countries appreciate us because they understand what we have done. a quick moment to follow-up on unmaking money segment. ubs raise their share price target, makes the l e d lights and this is in the battle, well into a new 52 week high, it is

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♪ charles: take a look at this. dramatic, live video out of egypt. the militaries deadline is fast approaching. liz: the biggest outpouring of protest we have ever seen in egypt. the people are speaking. we will rain down the road map for mr. morsi. he said he will not let egypt descended into a dark tunnel of conflict. watching these crowds, it does

have a different feeling than a couple of years ago. it does not feel as amadeus. it feels more upbeat. liz: people in egypt saying on twitter that we could be the first country in human history to have a countdown to a military coup and welcoming it. they elected the muslim brotherhood. it does not feel as ominous as before. the dow up. i am handing you a stock market rally.

connell: you are talking about the market. charles, they give very much. approving what is the new banking regulations. we have a new debate this morning over the dollar. john from forbes will bring it to us. the eu giving a thumbs up to a 4000 bit of an italian company. charles was talking about egypt on edge. president mohammad morsy. they want him out today or the protests turned ugly. we will have the bearing latest from the