numbers are people who want to put food on the table kids in college. we allow way to go thank you for joining us. we will see you tomorrow. lou: good evening. egypt is an estate of cut -- chaos after the ouster of the president from the military is a coup by any reasonable understanding by any definition unless he were president of the united states are happened to work for him. the obama white house refuses to call his ouster a coup led by the military group clashed violently with pporters in hundreds injured in more than 50 killed but listen to the president's press secretary

trying to have a common understanding and logic of what is happening in egypt. >> president obama and made clear cowardice -- concern of the decision to remove president morsi you from power in suspend the constitution it is also important to a knowledge egyptians do have grievances with the president more sees undemocratic governments in they were demanding a new government. lou: said koo is defined as a satin and illegal seizure of power from the government so does the president really wants his press secretary to reiterate the administration did can recognize any foreign government that has not been legitimized because a enough of those have grievances? but they did reveal the

reluctance to label the actions of a coup by the military. >> when $.5 million of aid is under active consideration to cut off the aid. i think it would not be in the best interest of the united states to immediately change our assistance programs to egypt. rethink. not just by. we are reviewing our obligations under the law. lou: the press secretary caught himself just-in-time but the foreign assistance act of 1961 requires the government to restrict assistance to any country that the head of the government is opposed by a military coup or decree but the administration has decided to ignore the law to continue moving money to the

egyptian military. our first guest says the administration is now silent to avoid further embarrassment after the decision to aggressively support the muslim brotherhood that it equals democracy. joining us tonight former federal prosecutor who led the successful terrorism prosecution of the 1993 world trade center bombers bombers, a great to have you with us. this spectacle of watching the press secretary and the administration refused to call what has occurred in egypt a coup, your reaction? >> think it is laughable in the sense the underlying reason for their reluctance the law calls on them to cut off aid they have not paid any attention up to the lot at this point so this is in

a president who decides to make recess appointments when congress is not in recess and during the of libya festivities that he got us into in the first place would not call when he was doing a war because that would trigger obligations under the war powers resolution. lou: what about a president who will take sides in syria ? then will not take sides in egypt where we have been a constant and steady friend and ally and finance year of the egyptian military for decades? >> it is a big problem because he has taken sides. the muslim brotherhood in general and a morsi biggest supporter but now a does go to the egyptian military. think about what that aid is for.

for all of the treaty democracy talk we give aid to maintain the peace and counterterrorism cooperation and for my many we have a lot more of that today than one week ago. lou: and the taxpayer it should be continued? >> yes. it is worth having a discussion broadly about foreign aid and certainly with egypt in the context but given we have continued to support them while the muslim brotherhood was in power now we have a chance to have a regime that is more pro-american, it just seems it sends the wrong signal plus it is a premature conversation. most of the aid is already in the pipeline. i would bide my time to wait and see what happens. lou: what about senator john mccain among others calling for the suspension of aid to egypt?

this is a republican senator, a failed candidate who seems compelled to step to the forefront to speak on foreign policy issues almost as if he were the executive. >> as the road at national review when the wall was falling he said the muslim brotherhood should be kept out of the egyptian government because they were a sure we activist and he thought that was not democratic but now of the egyptian government has done what he wanted them to do now he wants to cut off aid. today is monday. who knows what he will say on wednesday. lou: the constancy of viewpoints seems to be elusive for the senator. the president himself, saying the e:negative the aid to egypt

was under democratic procedures and "the washington post" gave him three pinocchio and the would-be six for anybody else because what could he possibly have been thinking? >> he has adhered again and again with his rhetoric if he took another position that elections equal democracy and he has rejected up to this point to get true democracy as a precondition you have to have a democratic culture. it cannot just come into being by a popular election. >> senator cruz said'' in what happens to be one of the most diplomatic failures in recent memory the united states is part of the islamist rime and the enemy of the secular

division and he continu to articulate propositions that sum up the position better any part of the executive branch and tse who make it to congress and the senate. >> he is entirely right. now we need to move to th next up glitches with the egyptians were smart enough to get rid of the muslim brotherhood maybe we should stop having people to have a great deal less persuasive force exacta on policy because that has been a big problem since the obama in administration has come in. lou: as always good to have your. -- you. next united nations report that war it warns we have a legal pathway for illegal immigrants from a terrorist

safe haven in the horn of africa according to the report mexican cartels are actively helping to smuggle illegal immigrants we military groups control much of the country the average cost? $7,500 per person. the triple seven safety record ended with a crash in cibber's cisco and the actions of the pilots are under scrutiny and the number of passengers that survived is truly the remarkable part of the story. next.

lou: on wall street markets closing higher for the third straightay as earnings season begins and the dow jones industrial average up 89 points yesterday 500 gained nine in the nasdaq is up five at 3.3 billion shares traded without collecting of second quarter season losing $180 million or $0.11 per share but adjusted revenue be targets in trading slightly lower in after-hours. the white house site to the improving economy for t adjustment of the deficit projections saying this year the deficit will be $759 billion of first time it has been below $1 trillion under president obama. crude-oil today down $0.8 in gold gaining $22 selling at $1,235 an ounce and treasury yields dropping with the ted

year closing at 10 .6% new details about the deadly crash of flight 214 from san francisco. the focus is now on the pilot who had little experience pleading for the first time as there francisco international business oriented to the runway they crashed. first call only two fatalities among the 307 passengers and crew. it ends the impeccable run of 18 years without a fatality and more than 90 million flight hours made it one of the safest aircraft in aviation history and investigators are trying to determine what caused a small engine aircraft to crash at the alaska air corps yesterday killing all 10 aboard. the pilot of the air taxi was described as highly experienced.

some news you may have missed a the weekend a tragedy in canada could be the key to breaking the political standoff over the keystone xl pipeline and dozens are missing tonight after a runaway oil tanker trade exploded killing 13 people the incident reduce debate over the safety of transporting crude oil by rail that could be cut back is the keystone pipeline were built. the "fast & furious" scandal is back with us if it has never left. the "l.a. times" reports in the other weapon lost in the gunrunning operation is listed as two more murders including the fatal shooting of a police chief in mexico and the degree show says is set up an emergency committee to monitor the new viruses killed 32 people so far most of the death is in saudi arabia but there is no evidence of a global

pandemic that with 80 confirmed cases in 42 deaths the virus is extremely deadly. but now to the weekend box office with the minions of despicable me raking in $142 billion since launching last tuesday for the long fourth of july holiday almost triple almost 49 million burned by the lone ranger. 20th-century fox the heat came in third party to the 5 million but that second weekend and up next president obama calls on congress to help them reorganize to run government agencies in the name of efciency. we will lay out why obama suddenly needs all the help suddenly needs all the help he can get.

there is a pursuit we all share. a better life for your family,

a better opportunity for your business, a better legacy to leave the world. we have always believed in this pursuit, striving to bring insight to every investment, and integrity to every plan. we are morgan stanley. and we're ready to work for you. >> keep on doing what we can administratively but we sure could use congress's help the ticket at a time when the city lot more efficient government. they give a lot of lip service.

lou: with service? the president uses that himself as he calls on congress to help him run the federal government better more efficiently. we're not even six full months in to the president's second term in he is crying for help in needs all hean get. here is the president painful year to date marked by an utter failures in a precarious uncertainties performance. been a failure column the adnistration's push to oppose gun-control that has sucked up much of the administration's energy that resulted in nothing and created a backlash in more than a dozen states instead of tightening gun control laws to loosen those only five tight them as the president had sought. ski and those. scandals galore in

controversies over benghazi, irs, justice department, most recently nsa edward snowden id calling out anything they can muster a of the sequestered. the unpaid furloughs started today for more than 650,000 workers in because of the utter failure to stop the mandate budget cuts forced by the sequester process just for historical reference sequester itself was the brainchild of the obama administration and these furloughs are projected to save the department of defense 1.8 billion dollars you cannot help but think if obama had not gone on a week-long trip to africa last week for nothing was accomplished but many will spend. more than 35,000 employs would have been speared a

furlough. now what we call precarious uncertainty and we are being kind. immigration reform as someone to call a. then gang of 8. those terms don't really go together. the white house is desperate to have a legislative victory by the end of this summer but the way they are talking that will not have been. implementing obamacare. for the president's critics the health care law is to give that keeps giving a and with the obamacare employer mandate th have it coming for us we have -- we have to pay at their also doles out subsidies not use seeing a template of criteria but for everybody with the honor

system meaning some of those seeking aid will have to give any proof of all for their income. this is a peculiar administration by any measure at all ben when the president was racking up domestic failures he could at least claim he had secured a just did not dead but the cut so far it looks as if the failure if not a disaster. >> trayvon martin ordered george zimmerman calling for help? should this case even gone to trial? join next with "dobbs' law"

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zimmerman truck can hear evidence the trayvon martin had marijuana in his system when he was killed also owns the remains friends and co-workers taking the witness stand for the defense testifying that it is his voice screaming for help on a 911 call and not martin. this is the wife of some ince best friend. >> do you know, whose voice that is in the background screaming? >> it is definitely georgy. >> how you know, that? i hear it. i hear him screaming. lou: joining us now to assess the latest development criminal defense attorneys, thank you for being here. this was a peculiar day as

many seem to have been but the idea that the lead detective testifying again this is the second day in a row he has disappointed and frustrated the prosecution? >> typically the lead investigators in the pocket of the prosecution but not in this case he is thinking independently telling you this is what happened. when it came to trayvon spotter he stated it wasn't his voice. personnel you have a situation where where it is the margins verses the police. lou: it looks like this spells the end for the prosecution in their own with this leaves a foundation for erzurum in credibility and his side of the sto and nothing left

for the prosecution and? >> it was an incredible day for the defense budget this trial is a search for the truth in hunt is the truth hurts either side and an arsenal we found out today is the truth really hurts the state's case win the lead investigator says the father he could not recognize his voice on that tape. the defense brought out witness after witness. your own mother can testify your friend still have to do is a that was his voice screaming for help that's probably resonated with the jury because they now believe that was george zimmerman and never to they also believe he is a good guy with a lot of people in his corner and that is huge. >> also the defense attorney brought out brilliantly this is a case where politics is

deeply involved. remember the first said it was trayvon an's boy said he was excused from their room and was not allowed to be present. >> you never end up in the mayor's office eveduring a criminal investigation. lou: how often do have a trial where people are threatening riots? first of all, where we are right now, i have to get your opinion because with all of the damage to the prosecution's case, what we are really talking about is a search for truth it is screaming at these people you are fools to have started this trial there should not have been a prosution. do you agree? >> but the political pressure was such that if there was not a prosecution we would still have rights and now we will have rights

industry if the jury comes down the way we predict based on the evidence not based on race but the evidence. lou: do you agree? >> i agree there obviously has been the injection of politics we have not seen in a long time and this is very blatant. the one thing for the defense you have these witnesses that also testified about his character. they are there to tell the jury he is rigid in the community people with military backgrounds backgrounds, education backgrounds said this is someone you can trust and believe he was georgie today like a son. lou: prosecutors have called 36 witnesses over nine days 200 pieces of evidence amounting to what? >> reasonable doubt.

self-defense. that is what i think we have lou: this case srted a year-and-a-half ago the money that has been spent m.l. lives consumed by the process and the resources of the state, no judgment no character it seems to me frankly with this trial that the american judicial system right now is on trial the attorneys, the prosecutors and the defendant the politics it is ugly and it looks like a third world process not the judicial system of the greatest democracy on this planet. had to convince the american people otherwise? >> that is an excellent point* in tweet can. for as long as we have this

system in victims whether they are or not we will have people to take a side. you'll have people who went george zimmerman walks able think justice was not done for trayvon martin. even know they welcome back with the acquittal and i can almost guarantee that. lou: there are people who will make a political statement of some sort either george is in mint or his being found guilty but in either case they will make a political statement probably very loudly and dramatically. we have to have a way to restore a sense to the american people this is not simply one you are driven into poverty and shunned from society.

just for the period of your trial and prosecution. no matter if you are found guilty or innocent it will be great to entertainment for the mass the circus is in town and to hell with your wife. the idea you were not guilty until proven, excuse me me, excuse me innocent until all proven otherwise it leaves a horrie taste of the mouth of most americans thought. >> you're absolutely correct. you have mr. martin who died in people negative who don't understand completely this is a country predicated on the rule of locker. someone is dead but there has to be legal process. lou: there was a decision not to prosecute but it wasn't enough.

>> to prosecutors and rolled over and crying like babies. >> i don't want to be george zimmerman walking out of that court house the day he gets acquitted. i do not want to begin without kevlar and some security. he'll have to live like that for a long time if this jury finds him not guilty. now his friends and family members people know who they are. >> they should be ashamed of what has happened specifically to you george zimmerman. it is shameful. thank you for being with us. we appreciate it. a positive day in the markets with the earnings season beginning well. we will show you what is driving the market higher for the third straight day. things are looking up on

wall street. we will be right back.

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call us. we're here to help. lou: earnings season begins today with the index is higher today it will be interesting to see how these markets react as more negative guidance emerges. negative guidance? joining us now head of u.s. equities bill nichols. negative guidance? that is not inspiring. >> at what point will it matter? guidance is one thing but whether the numbers o taco was a 1 penny better so immediately things are off to a solid start but the market is under turmoil and now they feel they want to march higher. lou: 1 penny better with a

lot of stock profits but alcoa is trading lower after hours. what to expect to see with growth in an earnings? give us a sense of the quality of these earnings. >> what is happening on the top line is one thing to manage your headcount and report solid earnings per share but wh is the real revenue and is there any real ability for achievable earnings down the road? companies have been good to be efficient to corol othecost right now that looks like the e economy is up coming along. lou: what is the principal headwind? with the foundation of that market a and why can't we

achie a vigorous love all of growth? >> this uncertainty going for word what the new obamacare system will be and what t cost will be going forward, it's the deficit has to be involved to cut spending. lou: a $759 billion that is down from what we are used to. i am kidding. the omb not terrific at forecasting and that is a precarious for the administration and corporate america but the fed, whoever thought we would think of the fomc as a bunch of trauma queens? we will have another opportunity this week to hear from the fed and get a

look at the minutes and here we go again. >> look at the 10 year. for week were low by any standard and now we've moved up at 270 is still low but a large part of that it is that uncertainty. lou: 65% jump. >> it creates uncertainty so they will get the position in order but it stabilized quite well and their resiliency in the face of that so if the bond market can stabilize there will see some stability then corporate america makes decision with the borrowing cost in decisions for the feature. lou: the bond market sold off strongly and also face the all flow.

do you expect it to continue ? >> where do those funds go? if you pull out fusil performance in the domestic market that goes into cash did you have not seen an uptick with any meaningful return. lou: we have not seen a rotation from the bond market to equities. >> but it is a little bit. >> but over the last month? >> no. nothing meaningful. lou: we appreciate you being here and cross your fingers your alex is correct. good to have you with us. a airburst it was ian anthony weeder now elia's but sir arthur wing his name his hat in the ring i remember how the cliche goes. space believes who the foer governor is running against for the job of new

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lou: we are declaring new york city elections in is a full on joke not only is he in the weeder running for mayor they can choose to elective former prosecutor eliot spitzer as comptroller he is competing against the manhattan madam to said that she supplied him with

hookers. joining us now is the "a team" monica crowley, national security analyst thomas k.t. mcfarland, and the president of citizens united foundation, said david, thank you for being here. monica, the most important news of the day is eliot spitzer could be facing the former madam as if they weeder was -- is contesting for mayor. >> you could not even write a novel with these characters with the unfolding events anyone would believe. the irony he is running against the madam who supplied his tuckers when she has already declared and is in the race i saw her tweet a and she said this will be the most fun campaign ever.

then she gave a serious interview where she said i broke the law to run the call girl ring. i went to jail and i paid my debt to society. eliot spitzer never did so she will spend every waking moment of his campaign probably to reminding the public he never paid his debt to society. lou: when about anthony wiener seeking the forgiveness of voters why should not be concurred by the voters who has paid her debt to society? >> america and aetna york especially is the home of the second act. the greatest richard nixon and he lost the presidency could not run for governor but yet he came back and monaco worked for him and in 1968 became one of the great presidents with peace in and released in arms control

agreements pieta pretty good second act. lou: is that a recommendation in? [laughter] k.t. mcfarland is the incredible optimist. that is wonderful to hear. i don't think either will stand up to richard nixon in his shoes. they are the law west of the law but with the depth of the bench of new york of the democratic party has to be called into question for them to even question to be serious and nobody could potentially be in t weeder says something about the democratic party and the democratic voters unfortunately. >> i plan to vote for the madam because she has to be really good with money she ran a very effective small business. she knows what they needed new york city and i am voting for the manhattan madam.

>> she knows how to keep the books. that is for sure. lou: going to read the bookkeeping has a challenge challenge, the white house refuses to call the ouster of mohammad morsi a coup. why is this administration suddenly so interested in the niceties of regulation and law throughout the tenure? >> the reason is because if they call it a coup there is legislation and that says we have to suspend aid. lou: dell follow the other laws. >> did not pay attention. lou: why would they pay attention to that one? >> because in every case with regard to egypt this administration has always of the wrong thing. they did not pressure mubarak said they pull the rug out under when they probably shouldn't have then to six comes along the

embrace him busily systematically dismantled democracy they don't do anything they give him fancy weapons and now when nody likes him, they are sitting on the fence when wartime. lou: the president says he is not taking sides the week said that many over to the military for decades previous taking sides with the muslim brotherhood spirit that is nonsense. this white house supported the muslim brotherhood since they arrived on the scene. the muslim brotherhood has been waiting for this moment for over 80 years. they were not going to blow with. it is interesting to watch what is happening. they will not go quietly. that is why you are seeing an now al qaeda is stepping in to support the moslem brotherhood to say all kinds of hell will break loose unless the muslim brotherhood at least gets to take place in the unity

government or gets power restored back. lou: what happened to garett day? pre minister one-minute then under consideration. >> nobody knows what is going on in egypt in the sobody says they really know i don't think they're being honest with what has transpired. a dangerous situation and obama is on the wrong side just as was said and monica is rates in the muslim brotherhood has been waiting for this for a long time. they will not go quietly into the night you did as a very dangerous situation. nobel peace prize winner barack obama should be able to handle less. >> remember the top leaders of the muslim brotherhood had been walking through this white house meeting now with the president but lower ranking officials in the state department, pentagon and white house including valerie jerry it for at least two years there is a

cozy relationship between the muslim brotherhood and obama. lou: let's turn to edward snowden. this young man without very distinguishing achievements in his life i have a lot of friends that are high-school dropouts but with that i forgive him college dropout i understand as well. but i don't understand a man who betrays his government or people or country. that the knee and is a trader. and people seem to have gotten ahold of this jury to make it about something larger. >> if snowden really wanted to be a whistle-blower they don't go to moscow or china or spill the beans and to take the secrets and a laptop.

if he was an honorable man man, don't go to those countries, go to congress and give them the information we would hail them -- and as a hero but he has given information not just about the intelligence but the way we gather the intelligence. that is almost as critical as the intelligence itself cause now all those countries will change the way they do business and it will do irreparable harm. >> i agree. you can say the argument has merit in terms of raising the red flag because programs like this as we have seen has the potential to be abused but it's go into these countries were you know china and russia have changed the sky of the intel and the laptop he has done so much damage we may not be able to quantify.

>> going behind these guys is difficult because they are right. when he should have done is gone to congress that is the most important thing that no one is talking about a real whistle-blower 57 within united states committed to blow the whistle to and on. he had an opportunity to do that and he would have been a hero but there is a lot of people. the american people for that matter who want to know about these types of things to what the government is doing. this is desperately wrong. lou: i would hear from lots of people that city snowden is a trader in new be inundated with the males but people will talk straight about this we're talki about the charges talk about the people wearing the

uniform those whose serve the intelligence community is tough to stomach but hopefully that will change hopefully that will change quickly. there is a pursuit we all share. a better life for your family, a better opportunity for your business, a better legacy to leave the world. we have always believed in this pursuit, striving to bring insight to every investment, and integrity to every plan. we are morgan stanley. and we're ready to work for you.

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neil: well it's respect card time. -- report card time, will you make the grade. get ready for real problems this quarter. welcome. i am neil cavuto, think quick, what is difference between alcoa and washington? alcoa does not have luxury of kicking the can down the road, they are kicking can now, giving buyers a kick in after-hours trading, stock up more than to 2%, reporting earnings, well out the gate. imaybe we don't need ben any