thank you for joining us. have a great night. we will see you right back here on monday. ♪ >> did you what to use the irs to bride conservatives also taking the latter out from anybody that disagrees. that is what the new s proposal was. >> ee dow but republicans are not backing down from the fight. i am charles payne when willis not? which mcconnell says irs is targeting conservatives again and the rules with voices from the outside groups like the tea party.

surgery he is tubing. i guess we saw it coming but it is amazing? >> it is. especially when you look at the details of the regulations to prohibit the nonprofit groups from registering people to vote. rolled around in your mouth the irony of this. deal bob administration lectures us on the accusing republicans to prevent people from voting they try to stop citizens from registering to vote. charles: how do they surgically do that? stop big groups of the right but do that for their odd because? how dohey pull that off? >> of course, the labor unions do that on behalf of the democratic candidates it would change from political

activities and under that heading registering people to vote with voter education campaign you can constitutionally prevent people from expressing their political views and helping people participate in a democracy. i i don't think this will withstand a court c challenge bid is shocking they are trng. charles: and mitch mcconnell calls that the abuse of power. what we have seen this but there is some certain arrogance that goes along with this it is you said they have been emboldened to try these. >> it is hard to sop the president at this level. be a pay attention to the budget that he will sign or veto legislation but his

power resides in the executive branch that is massive so he has a lot of employees or agencies released today 1800 new regulations of the month of teeeight area alone. that tnslates to a wer each one compels people to do certain things that equals power. charles: the real question is is any of this legal? to have no problem with the rules. no problem at all? >> we don't have a problem with the rules because they are clear to provide more transparency because currently it defines political activity like the wild wild west definition

under fax ian the circumstances. that gives irs employees discretion promise objective discretion to make that determination. that is what led to the irs scandal targeting for the conservative groups. about these new rules define what constitutes political activity and they want the irs to be neutral. people were arguing that it is tough on the right. >> this gives them too much power to decide who will enforce and not also if we become of a nonprofit to enjoy those benefits when they truly are or do we have to give up that status to

support that voter registration and. so to make these corporations choose. >> their goal to expand andy golf so much even with obam should we be a little larry of the ira's katy more power or objectivity? >> idle the.is. under the current rules it leave said in the tunes of employees to have willy-nilly decisions and give structure with a concrete definition. i disagree with your earlier guest is not constitutional if it goes to court it is not prohibit the free speech they can still conduct it. chhrles: dick said prevent

people registering to vote. >> that cannot be the primary objective is exempt entities are not supposed to be doing that. so they stuck could engage in these activities. charles: it seems like the gray area comes up we have a shadow the interpretation issue but do you think maybe it will be resolved in a supreme court? >> i do. it will be resolved and free speech is a central issue of whether or not they seek non-profit or their free speech is infringed on this regulation. the courts will rule that is charles: we will have you back. still ahead executive action alert calling ceos back to

the white house the president pushes them to create more jobs to their like what they heard? what does this loss say about us? don't miss it we're already tweeting about we want to hear your thoughts but first bbll is here with a major welcome back. how is everything? there's nothing le being your own boss! and my customers are really liking your flat rate shipping. fedex one rate. really makes my life easier. maybe a promotion is in order.

good news. i got a new title. and a raise? management couldn't make that happen. [ male announcer ] introduci fedex one rate. simple, flat rate shipping with the reliability of fedex. i ke prilosec otc each morni for my frzero heartburn.n.ebecat wohoo! [ male announcer ] prilosec otc is the number one doctor recommended frequent heartburn medicine for 8 straight years. one pill each morning. 24 hours. zero heartburn.

♪ charles: $4,000,000.30 seconds of glory that is so much the average spot cost this year a small price to pay like budweiser or chevrolet but would you believe me if i said this

was free? they paid absolutely nothing thanks to bi rancic. first of all, it is compelling. i want to know more so that worked but how did this seibald? >> web brad and his team broke the idea one year ago the hardest part was to keep it secret because everyone was so excited with the opportunity of a lifetime. the issue was too shy the light on small business. arles: a one-year process. how did you get out there? small businesses want to be heard. >> we have had a tradition and to be the champions small businesses so we got together with the best leaders had reduce something that has never been a dud? imagines an advertisement that they don't have to pay for it to so we started off

with a social campaign with tens of thousands of small businesses right as regional stories and we have a winner charles: can you tell us? we back we can have. it is a company out of california. charles: in the beginning i don't know what is going on but at the end i aa, as is the nearly 100 percent sure but why this company? >> it was noted it was the two per cent company one year ago now with 50 employees now will we is a defect that it was started by a female engineer stanford student that as the child she was not exposed due to always with nafta without a teacher should never wear got involved now it mixes storytelling to

introduce skirls two bassam science. we are excited. charles: do say we have to get them on board. >> that was the first suggestion. >> key and spired people rather world. >> this is the ted your anniversary and my life changed when i was hired now thanks to brad i can pass that up for work to change somebody else's life. charles: with the current business climate one week it is good the next week it is not but it does not feel like the typical recovery wi a certain impression. >> we have that one of 12 americans 25% of the gdp floats through the customers the honest answer it is getting better.

it is not where it was with 2007 but small business live the way to persevere. charles: right now it is died -- doubted the a vibrant but if you are there will bottle what is the proxy? >> you have to be agile to see small businesses survive they have readjusted. charles: of they say we love you i have a business idea but i am afraid. >> don't be afraid to use the resources the prime example is goldiebox started with kickstarter when i started my business in 1994 i do not have that luxury to use the internet's. charles: congratulations is

fantastic. we like to focus on small business i cannot wait to see it again. the administration bryce abt economic growth but what is not growing is the paycheck why that could lead paycheck why that could lead -- be checkmate

arles: deceives the president's economic recovery may not be the rosy picture he paints. half of us still living paycheck to paycheck with little or no savings. that does not sound like a recovery to me. >> what we are looking at is

three times the level of long-term unemployed. we still have too many dropouts in terms of the labor force and since the jobless rate hit 10 percent to thousand nine much of the decline is due to the dropout. so we have tepid job growth and not the economic dynamism, but the animal spirits because optimism is day force multiplier to get jobs back in the economy we are not at that level yet. charles: that is the problem people can give statistics but the is a lack of the aura that should have kicked in by now. >> there are all sorts of reasons for that and there is a scenario that is laid

out it is not a political issue we could have a conversation for what she laid out very accurately but that would be a waste of time. >> the president is suggesting. there is no easy way to come back from the economic crisis. no way to fix education nothing to the decade's long shaft so as a country rework on of these segments. >> to his point they already said it takes seven years on average for economies to recover from a financial collapse. we have a banking collapse so it would take seven years but what we talk about is the president doing a bright

house summit are hiring long-term unemployed but it is about incentives in terms of taxes and regulation at the worst time to have a worse financial collapse you do not go in there to restructure the u.s. economy or the financial all sector. but not to use the degree we have seen. >> it is a question. i totally agree we should have a thoughtful edged -- education. i think the president has tried to have that but no doubt from the political perspective reidy to fix the regulatory of the finance industry.

charles: we went after the nks they are still working on dodd/frank but do you think those policies with those policies? >> that is a loaded question of. but then just to let the markets. >> encouraging them to say yes we are. >> if you say it is noo his first instinct then i would agree. i am losing trac of time but the banks are beginning to send more and the setting standards. >> but the problem with washington d.c. is reform.

the matter what it looks like if it starts to outsource this legislation. charles: we have to leave it there but i do think our economy should be doing a lot better than it is. not to make a political but we should. by the way the president told the ceos today we one who is there a the president is glad he wasn't. wait till you hear what he had [ tires screech ] [ car alarm chirps ] ♪ [ male announcer ] we don't juscertify our pre-owned vehics. we inspect, alyze, and recondition each o, until it's nothing short of a genuine certified pre-owned mercedes-benz for the next new owr. [ car alarm chirps ] hurry in to the mercedes-benz cerfied pre-owned sales event.

visit today for exceptial offers. ♪ they're about 10 times softer and may have surface pores where bacteria can multiply. polident kills 99.99% of odor causing bacteria and helps dissolve stains. that's why i recommend polident. [ male announcer ] cleaner, fresher, brighter every day. [ male announcer ] cleaner, to manage your money.r guy arnd 2 percent that's not much, you think except it's 2 peent every year. go to e*trade and find out how much our advice and guidance costs. spoiler alert. it's low. it's guidance on your terms not ours. e*trade. less for us, more for you.

whoa, dude! ♪people see you having fun♪ are you thinking what i'm thinking? ♪just a-lying in the sun♪ yea, i gonna cut the gap. ♪tell them that you like it this way♪ yea, (laughs), sweet! ♪it's the work that we avoid♪ i'm gonna get it. i'm gonna get it! ♪and we're all self-employed♪ i'm goin in ♪we love to work at nothin all day♪ ♪and we've been taking care of business♪ ♪it's all right whew! ♪taking care of business, saved the day! charles:. >> we have engaged players of all sizes to set up exclusive hiring policies to make se recruiting practices spellbind with

another executive action this time with the long-term unemployed at the warehouse he was not among the be is not a fan of the administration economic policies. gerri: who runs a business i can understand. the other day i ran down to show that cost at burger king that they were so awash after the monday that they could afford to double wages i yield the floor. >> if the president wants to encourage businesses to grow it is not that complicated you cannot increase taxes and energy cost for carbon fuels in an increase health care costs and health insurance costs with

obamacare id to increase the minimum wage don't stimulate or subsidized or compelled just get out of the way american businesses want to grow there are three reblican bills of the house to encourage growth one of those must be something the president and the congress can get together. food isn't hiring long-term bond played? is everyone's a troubling to set dawn dash to accept the job who is turning it down? people are not turret -- turning them down. charles: that is a wonderful play because whenever we hear anything the message is somehow society is treated

unfairly by business and politician but somehow i have not heard this makes me feel warm and fuzzy. when i hear words like inclusive am public-private partnerships that makes me feel nervous. >> the president is a real. he officiates policies that discourage business growth ann job creation at the same time there are necessary policies but expanding it to great lengths to encourage pele not to work so you discourage job creation and encourage people not to work the buck up the numbers to say why aren't people working? hire the long-term unemployed it is not realistic american businesses will grow and they want to grow there are bills them policies and approaches out there to get the government out of the way without any stimulus or

spending we will create jobs and prosperity to get people those jobs to get the self-respect of the dignity. we're rolling to do that we just need the government to get out of the way. charles: i don't think that will happen with this a administration but looking at the numbers closely looking at the income statements we could be at the point where consumers are spending at the expense of savings and consumer confidence is a little bit higher coming off of capital expenditures the be we could get some wind in our sales >> american businesses e always trying to grow.

but what you have talking about little little bit earlier the indicators are up endeavor buddy panics but the question is is it a being up or down? what discourages businesses from growing those entrepreneurs from creating new businesses because taxes are too high when you have those policies in place it is very difficult to get that trend sicced intricately up towards the people are excited about the news that day but that is not what to look at. >> looking at the labor participation rate people just aren't working space and we are willing a and able to do it

charles: thank you very much principal financial group chairman and ceo was that the president's meeting today. thank you for joining us. did you feel that the deed was concrete? >> i would say the president and the department of labor, gene sperling, i really do think there were there to listen as well as direct the priorities. charles: do you feel is in a tug-of-war? both sides have different agendas does the business community think it might have changed the president's mind on anything? seven god is the gene sperling made a great point just prior to the

president's arrival in which he said if this is guided purely by politics this is not in the issue would takee up because we are talking about long term of appointment which is not a political vendors so i do think there is the of this effort to focus on the issue he also commented that unemployment 6.seven per 7 percent nationally if long-term was back at the same level it would be 5.1% so it was to look very different just to get that segment back into the working population. charles: but when youook at an employee deal look at that? are you literally disappear redeem because they have an average job for them to. charles: months? event we don't discriminate and now we've fashioned but it example that was shaed

today there could be one dozen or more but it is common today to screed on the of by go credit score. if you are in the long-term unemployed category there is a much likely likelihood though for a vote -- home mortgages not they did so then you have lower scores that is the example that baby to take a look at. charles: it is so complicated it feels like we have these meetings every so often nothing materializes. we hope it would be different. charles: delivered by drones? the government is against that and puts the whole thing on ice. (vo) you are a business pro. seeker of the sublime.

you can separate runway diculousness... from fashionhat flies off the shelves. and you...rent from national. because only national lets you choose any car in the aisle... and go. and only national isanked highest in car rental customer satisfaction by j.d. power. (natalie) ooooh, i like your style. (vo) so do we, business pro. so do we. go national. go like pro. my dad has aor afib.brillation, he has the most common kind... ...it's not caused by a heart valve problem. dad, it says your afib puts you at 5 times greater risk of a stroke. that's why i take my warfarin every day. but it looks like maybe we should ask your doctor about pradaxa. in a clinical trial, pra...was proventran esuperior to warfarin. at reducing the risk of stroke. and unlike warfarin, with no regular blood tests or dietary restrictions. y thanks for calling my doctor. sure. pradaxa is not for people with artificial heart valves. n't stop taking pradaxa without talking to your doctor. stopping increases your risk of stroke.

ask your doctor if you need to stop pradaxa before surgery or a medical or dental procedure. pradaxa can cause serious, sometimes fatal, bleeding. don't take pradaxa if yo have abnormal bleeding or have had a heart valve replaced. seek immediate medical care for unexpected signs of bleeding, like unusual bruising. pradaxa may increase your bleeding risk if you're 75 or older, have a bleeding condition or stomach ulcer, take aspirin, nsaids, or blood thinners... ...or if you have kidney problems, especially if you take certain medicines. tell your doctors about all medicines you take. pradaxa side effects include indigestion, stomach pain, upset, or burning. if you or someone you love has afib not caused by a heart valve problem... ...ask your doctor about reducing the risk of stroke with pradaxa. if i wanted america to fail,rica i'd start withnergy. and they did. the keystone pipeline, the war on coal, endless environmental lawsuits. our public officials were not empowered to negotiate the slow surrender of our freems. let not history say, that we deserted our principles,

when they were most in need of a vigorous defense. we are not the masses. watch the video at freemarketamerica.org.

♪ charles: that's is cool but not to the government the faa tells them they cannot use drones to deliver the be here. you are probably every man's hero for a brief shining moment. [laughter] what happened? great ideas. >> we went to demonstrate we lifted it up over the lake and we did a videotape to put it on the facebook page

sam of fans went crazy the faa heard in the interview to give me a call. charles: and in all fairness the case of beer or a six-pack is pretty heavy you could do serious damage. >> true. so we have to be more careful that is why we would go up the level to me eight plaited a drone that could lift this wait wore heavier. charles: be to render stand wear they got in touch with you? >> if they let everybody bloodier over your head that could be a problem. charles: the you are talking to move into a more robust model how do you get around that faa? >> we have to embrace the

faa to get with the regulations when they come out. they're working on it now now, beat out with possibilities. the mistake we made is we were a comrcial use we thought it was recreational because weaver under 400 feet a day are responsible for the air down to the ground. charles: amazon talked about this the large majority of our 6 pounds for them. do you think they would be accommodative to people or do you think they will say they need more time? disruption and it did a good way but that is not what the government typically embraces some of the guy tried to tell them we should work with them so they could

anticipate because there are more ideas coming. i cannot imagine and delivering down the street a piece of shoes but over a frozen lake we could do it. there is nothing in the way it is flat there is the eyes house space and next to it and come all that is not hard. charles: there is a way you could make this day distribution just beyond the frozen lake i am sure you would it? >> we are setting up a drone ports at resorts are restaurants that already have the beer. we are ready in 2015 we will be the first ones.

we have proof of concept. charles: you have made be thirsty. you will make a lot of money this weekend i love innovation that you did this and in fact, i love the idea you force the faa to get off their you know, what to make decisions. go-ahead. you got the regulations i said put up the commercial. >> that is what thhy printed for us. charles: have a great weekend. with tonight's quiz who with tonight's quiz who drinks more? [ male announcer ] here's a question for you: is your tv powered by coal? natural gas? nuclear? or renewables like solar...

and wind? let's find out. this is where america's electrici comes from. a diversity of energy sources helps ensure the electricity we need is reliable. take the energy quiz. energy lives here. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®.

charles: if it is time to let loose with the addition of view were. [laughter] >> here is your reaction to people with their sharp turnabout on twitter. who drinks more? beer and spirits consumption isp liberals drink. one person was teting i would drink more also if i was on the same team as obamacare. >> take the edge off slow economy and high taxes. >> in addition to economic policies liberals are incapable to operate heavy machinery. [laughter]

>> conservatives have more fun when they drink. charles: do you drink when you are happy or sad? >> it makes me happy. [laughter] but we let loose a little more but the sttdy is flawe because when the roles say it drives conservatives to drink. >> it is the red and the blue stayed. >> it goes up with the liberal states more conservative thinking i'd be a dream. >> although in washington d.c. they drink more champagne. >> they are spending our money. >> have you see this all the open theuse the sensors to measure the heart rate.

i think it will be a bust. it could cause all lots of divorces in a useful product for that hackers. >> first of all, you can not quantify. charles: they were way ahead >> but the japanese tried to find these mechanistic ways like shakespeare's said one of has a reason that reason knows nothing than the japanese try to put reason. charles: but there were no sensors to monitor the heart rate. charles: the chemistry does change civic you could take her to reveal she sees somebody on screen that she falls in love with and i am afraid. charles: that is why you are here but there is the

difference between love and lust. if there was a way to monitor when somebody was in last. >> but when you are in love in the intimate setting you get all funds service brought makes this happen by itself. that is the idea. charles: you need a little better practice are you still giddy? [laughte charle i am trying to make you say something. [laughter] i appreciate it. now hackers are hacking your e-mail. what major rail service just got it? welcome back. how is everything?

there's nothing like being your own boss! and my customers are really liking your flat rate shipping. fedex one rate. really makes my life easier. maybe a promotion is in order. good news. i got a new title. and a raise? management couldn't make that happen. male announcer ] introducing fedex one rate. simple, flat rate shipping with the reliability of fedex. so i deserve a small business credit card with amazing rewards. with the spark cascard from capital one, i get 2% cash back on ery purchase, every day. i break my back around here. finally soone's recognizing me with unlimited rewards! meetings start at 11, cindy. [ male announcer get the spark business card from capital one. choose 2% cash back or double miles on every purchase, every d. what's in your wallet? i need your timesheets, larry!

charles: the feds are investigating a widespread hacking over you may -- utilities today is the passwords but joensuu is not the latest company to be breached. it is the threat to their stocks as well? >> this is very difficult along with a target and neiman-marcus is the frequency it is just more and more often every time the user goes on-line it is that experience if it is positive it is great but if it is negative maybe they will have second thoughts and ultimately that is the effect of the bottom line is a profitability.

charles: i think target's stock hit the 52 week low you have to believe this scenario is so embarrassing it has to hurt the bottom line. >> not only embarrassing but disturbing because the whole internet is under attack all service providers are subject to being attacked. yahoo! e mail drop 5,273,00000 users globally i would be concerned if my user name and password were stolen because they use those for otherproducts and different connections. it is very disturbing. charles: we're not sync wh but people don't necessarily miss the be they will not go to target but they will use their credit card may be you don't use yobbo -- yahoo! we

just marks those out that let us down. >> i agree to that point but the frequency that this is happening with the neiman-marcus, target, ya know -- yahoo! and is this information going to end up in somebody else's hands down the road? charles: i was in target last week they said cash or charge? i thought he was crazy. i said cash. [laughter] amazon now considering hiking the price of amazon prime. is that risky? >> i think it is but they also have to. look at this quarter with $200 million net profit over

$25 billion of revenue but they will have to do something costs are increasing it is a natural probably overdue but it has to do. charles: but for the most part this is profitless companies and have gotten a free pass for a long time in that may be going away they may actually have to make money. >> then the bottom line unless you make a profit or a for-profit company you will not survive even if your name is amazon. they have not raised the prime cost in about two or three years. but you still have to make money at the end of the day

and focus your fforts. i think they have diverse into amazon candle and of the cloud the the focus of what is working for them to raise those profits up i will not kick them out because of their portfolio but they will have to make money sooner or later or they will not be in business charles: you may kick them out of your portfolio after a couple more sessions like today. i think they will raise its idled think it will be a problem at all. it is time for the nightcap. ♪ a lot of things are going on border you focusing on? -eview janet yellen takes over the issue will be confirmed by bow watch what the fed will do with the repurchasing and globally with the emerging markets have a lot of issues.

is particularly looking at china with the crisis currency and shadow banking a way to put a squeeze on the emerging markets. that is what i am looking on next week. >> do they think they will let the shadow banking go out of business to send of message then come to the rescue so it does not get out of hand? >> i don't know if that will happen or not but this is on the verge of a situation. we have to walk carefully but they carry a big stack. charles: all roads lead back to china you became something of a raging bull bowater you focused on next week?

>> long term i am focused but what will keep me above the weekend how things will turn out over in asia. china is my focus with the shuttle banking. that is bigger than most realize there under the rug with the whole global economy but i will look at how asia and europe opens how the u.s. open and did the emerging-market currencies take a hit be will have serious problems it is very reminiscent 1997 we had problems with u.s. markets. what to be worried about. charles: but they were a flash of a pate and that had a good buying opportunity. >> that people look at this rectede same situation but

i am not overly concerned i would love to have it drop 15% i wld be all over that welcome to the best of imus in the morning on the box physician network. a place to check out if you ever make your way to new york city. along the hudson river the intrepid air space mutual. great to have you with us here this morning. we do have another terrific show lined up with some of the i-man's best interviews and a few laughs along the way as well. we start it off with mike tyson. former heavyweight championship of the world. funny, he stopped by in the studio one day and said he wanted to meet imus. true story. he was on the radio with him the next day and comes back two days