♪ ♪ charles: america's balance sheet is out of whack. welcome come everyone. i am charles payne and for neil cavuto. about half of america had zero net worth. stocks comest savings come in your car and your home, you added up and you subtract how much you owe, chances are you're left with nothing. that is scary. and zuckerman says what is even scarier is the white house isn't doing anything to help you out of your debt dilemma. so what exactly should the white house be doing right now? >> i don't think that if they can help you out of your debts.

but what they can do is create an economy in which we create many more jobs a is where the federal policies really have to play a role. just give you to give you a couple of illustrations. if you took something like a major infrastructure program, we didn't do anything near what we should have. charles: it's a stimulus bill that has the weakest will that we could've had. with the least impact. i set it at the time. so there is always something to do. but the question is did the right thing to do? so i will give you one illustration. for every job that we bring in creates five other jobs. people who are scientists and engineers would desperately want to come into this country and to whom we have made it impossible to do that. everyone of those people have created five more jobs. but because there are politics,

that is where leaderships coming in. >> the administration is pro-immigration, so to speak. that part of it and extend and that includes going to jail and i know there is a distinct difference. >> that is for a leadership. most of who are assigned and many would bust their kneecaps to get you say there is the politics.

>> that they can't articulate this, perhaps this is the only thing that they have and it seems that the only quiver that is why there in this position. >> i'm sorry, i don't accept that. >> i do think it's people reelected. >> what will get someone reelected is creating an economy in which we create many more jobs. in the and the country will begin to know and understand that. so why is the president's approval rating according to this, 59%? it doesn't happen by accident. it's because the economy is in terrible shape and because the health care program is due everyone at this stage of the game. so why isn't her leadership?

and he says there's only community organizer of a dozen white people. he has no ability to make the congress work with them instead of working against him and that is a function of leadership. >> could we be looking at that midterm election of something that is so significantly important? at least bill clinton was smart enough to see what the american people wanted. and he met them halfway. we have a lot of things done, a lot of people on both sides of the aisle say it's great economically. could that be the final straw that forces president obama to do this leadership going that we are talking about? >> that is what so many people are hoping for. when you look at the people who really have a disproportionate role in the economy. they are totally up for her to her about this administration because what he seems to be about is to go after them.

>> people are being punished for success whether you are individuals or businesses. the white house is obviously celebrating. other states could be facing the same problem. and so a white house throws confetti on this one. >> it's not only those that haven't paid, they are paying more than they thought they were going to be paying. their health care bills have gone up area so this is not a bill that has proven itself to be acceptable. not only for the program but for the administration is a little most devastating thing that they've had to encounter based on their own experience. and they did a survey in new york state. 45% of doctors say they would not be willing to take patience

under the obamacare bill. and of the 40% who would, 80% of them said it is only was only because we are bounded to various programs. so you just can't post this on a country. charles: it's been a disaster, there's no way around it. >> this is a 16 trillion-dollar economy. we have a dna that ferrets out entrepreneurs. is there any glimmer of hope that we can work this out for the next couple of years? >> yes, for sure. we will ride it out and we can deal a this. we don't like it that we can deal with setbacks.

the country has done this for goodness knows how long. and the people of this country are not going to give us. >> we have to keep it going until we get into a different environment. coming up, the health care warnings that could rattle the white house. not because of the warning itself but because of who it is from. comparing gas practices to slavery.

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why relocating manufacturingny to upstate new york? i tell people it's for the climate. the conditions in new york state are great for business. new york is ranked #2 in the nation

for new private sector job creation. and now it's even better because they've introduced startup new york - dozens of tax-free zones where businesses pay no taxes for ten years. you'll get a warm welcome in the new new york. see if your business qualifies at startupny.com >> in tonight's business blitz. oil company should know that there is a line you can't cross. look at what this former epa official says about burning fossil fuel. >> slavery had a lot of economic

benefit. [laughter] but we have a lot of collective with the fossil fuel. >> did they just compare burning oil to slavery? just what is going to get businesses to feel that they actually agree with these policies. so john, you have to be a outraged as i have. >> for some reason people think you disagree with them. but you are bad at not just wrong. and that is what a lot of it comes from. people invoke slavery to try to bring a point home. and i think it's a matter of civil discourse.

scrimmages shows that whatever you are showing that you will return anything to try to make it work. >> this is an extraordinary unfortunate choice of words. i cannot believe that someone would go to these length but that is not the way to do it. >> you are from jersey. [laughter] >> i think what angered me more is that the crowd laughed. >> why is that funny? this is worth running the shop, a lot of those that don't know what to do.

>> environmentalist, even though the hypocrisy has the biggest carbon footprint in the world. they believe what they were saying? is that a stretch? night i actually think that he probably does. because they are that antiquated and old and they all should be put out to pasture. we should not have people like that running our country. charles: next up, general electric getting shot by obamacare. telling investors that the health care loss to blame for a big loss in their health care division. and this is the company run by an outside adviser to the president. some serious irony is going on. >> yes, we were told the bill of goods, they were going to pay for the insurance and that was basically going to furnish those subsidies and all the stuff out

there. there's over 21 different tax increases and the medical device that is actually hurting their business because that is how we are going to have to pay for obamacare. the one so come on. i don't get this. they should all of these americans overseas and argued for bringing jobs back. i don't have any sympathy for them. but i found it outrageous that they will bring it up today. >> i differ from that because i'm a small-business owner and my insurance went up 100% the last five years. i think that it hits on something important and he says the uncertainty is damaging my business, it is very real.

>> believe me, i thik the guy that was in the room, keith makes a better point. >> it is killing our economy. >> there is a big problem here if you're willing to throw your be under the bus. his company is takg a hit. and i think that says a lot. says a lot, way more than the uncertainty of it. at that no one has a clue as to what is going down and how it will affect the bottom line. >> if you're the ceo of general electric, you have to have some sort of idea of a medical device tax. >> i'm not sure if he thinks that this is okay.

and somehow we ended up thinking that this is something that will be free, they are just not doing it. >> coming out, do you think maybe ey think it will be a mere call the, there's a lot of other thing that people are fixing this? >> oh, boy, i wish. i would like to go back to the old days and realistic premiums. but i don't think it will do anything. it's the hypocrisy and reality is a tough teacher and he just ran smack into it. >> this means your washing machine will go up now. so anything that has to stamp that stamp on it is going to be more money. charles: thank you guys so much.

okay, we have heard of small businesses. but a small business outfit? are legal predicting the future is a pretty difficult thing to do. but, manufacturing in the united states means advanced technology. we learned that technology allows us to be craft oriented. no one's losing their job. there's no beer robot that has suddenly chased them out. the technology is actually creating new jobs. siemens designed and built the right tools and resources to get the job done.

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charles: let me be brief. don't think about working in your briefs. california is cracking down on a small hobby shop where bristow's work in bikinis. kelli simon says that this is another case of the government overreaching and another says the city has a point. so it seems a little bit like

they had more important things to work on. >> this is the thing. ladies and string bikinis serving copies of cups of coffee while children are present. so it makes me question what is going on here. you go to hooters for entertainment, here, wings, the girls pretty go to a coffee shop to get a lot today, a croissant. so i don't see the point here. >> when you take kids to the beach, interestingly enough they see the same thing. >>xactly. and it sells. good for the very says i'm the owner of the coffee shop. this is a free-market society. god bless them.

>> don't go there. it is that simple. >> if a child asks what does wet t-shirt wednesday mean, i don't see harmony and not the tuition. >> of theirs appear and it doesn't have cable that doesn't let them read the newspaper or watch anything going on, i would say you have a point. but our society is such that kids need to be trained. and so i will explain to her why i don't think that is the best way to sell coffee. by the coffee and go on. >> from a legal point of view, where is the legally? >> i think it comes with citizens and is there any foul

play here. a month prior the coffee shop had an energy drink so same type of concept. there was an owner of seven different bikini very stark coffee shops who were charged and elected in a prostitution sting. charles: struggling to survive coming switch gears, have to say that i think kelly is right. my family used to drive me to hooters all the time starting at about 12 years old. [laughter] >> promising to make highways safer if the government doesn't tighten the regulations and under the adf. if this does take over, what happens when we get into an accident or you happen to get a ticket? people are going to say that i'm sorry, it wasn't me.

it was my car. >> that is the problem. the laws don't reflect technology. the laws would be responsibility on the owner breeder in the person that turns it on is the operator. so until that is fixed, the manufacturers are not going to want to foot the bill and insurance companies are not going to musters a study that shows that these cars are safer. so it's really a tricky one. >> i think that there will be a lot of lame shipping involved and players in the game. what about software developers involving the actual vehicle elf? you are driving the vehicle. you just take away in that regard? i see where she's coming from for a lot of unanswered

questions. but i think insurance companies will be heavily involved in there will be tons of regulations. >> when we have a barrio where i tell the officer that we were driving by this coffee shop. >> he's going to have to find a good defense attorney. >> this is something we will have to figure out. to your point, it feels like the legal system is a step behind. >> we are keeping us busy, but the bad part is for the consumer. what are you going to do? this is a new technology and everyone wants to be a part of this. >> you guys are fantastic. we will talk to you again soon. okay, you hear that our? democrats better get moving

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james freeman says republicans will take over the senate. so here's what we do to set the stage. what is going on? >> republican strategic that i talk to wait in and wish that they could have the election right now. they need exceeds to take the senate. they need to pick up 60. two of them, south dakota, west virginia. so then it's a whole range of

states where democrats have to defend in math is not dead. charles: how many seats total? >> basically 11 seats and one more. but i think he holds that. >> maybe they wish the election was held today. >> yes, i think there's good reason they wish it was today. they do seem to still be running on the same game plan that did work in the 2010 election of running against obamacare. you want to keep running against another marketplaces closed and people are starting to get insurance and they are feeling. it's not just those actual people that got insurance but their friends and their neighbor. >> honestly, we are looking up phone numbers and being honest.

does anyone think this is a good idea? >> mark pryor is actually running into obamacare. he is running and they have this in the republic poll. >> they are ahead. when "new york times" held this last week, they are running and these are things that they didn't think would be competitive. so it shouldn't have been competitive for him in the first place. it shows how incredibly portable he is that even a theory of conversation. that's a pretty big deal. >> i think there is a lingering thing of people been in washington too long.

>> is a race against the clock. ironically for both parties because they were in e same position at the same time for the presidential election. certainly feeling great about it. late summer, early fall for the launch of the health care website is is very dangerous territory. >> how do you think this thing is going to shape up?

>> in a new jersey resident and the real issue is a nonissue in this includes the tax burden and so i think that is going to be tough so emily, can you look at the dreams that i've talked about. >> chris christie is losing some of that steam and it's pretty natural and he's coming across as the adult in the room.

and so i do think that part of the reason it has been so big chris christie is not necessarily working with the legislature or even traffic partners themselves utterback. but the fact that he was coming across as a bipartisan kind of guy straight shooter and not look like he's just a boy. people are starting to realize that. and it opens this wide open. >> a lot of people are certain that we should protect our borders and to suggest that we shouldn't protect our borders is inhuman or mean-spirited. >> i think that although the restriction, people want to keep

out foreigners and not a lot of it. would benefit only one to be welcoming the problem for bush is not that one. and that really bothers grassroots republicans conservatives. especially the idea that they have national education plans. >> you guys are fantastic. we will follow up on this one. announcer: where can an investor be a name and not a number? scottrade.

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charles: from college dropout to math genius. the average joe, the average person suddenly becomes a prodigy in math, art, and music. he is struck by the genius how his brain injury could be a mathematical marvel. he joins us now. >> it does exist. many people are born with that and many people are artistic. >> it reverses itself. did you bump your head somewhere? and all of a sudden you are back to this. >> there was a case of a lady who had this for several years where she could paint amazing

paintings and she did use the ability over time. >> how is this slight change? and this includes the other stuff. and this happened in 2002. this blows away a little bit. >> when you start analyzing that over time, it's really the same

thing as seeing how calculus describes things. it's like seeing everything digitally. and it's very odd if we mathematical. charles: we always get a lot of smart guest. but it's rare for us to have an actual genius on saturday to we wanted to ask you some tough questions. explain for us the theory of relativity. one minute or less so everyone can understand it. >> relativity, if you hear a doppler effect, the waves get shorter as it moves towards you and it moves away from you and it gets longer and you hear a lower pitch. if it's movingly for me i hear a low pitch and now it's moving towards you and you hear a high-pitched.

what time is it making? a low pitch or a high-pitched? is actually making both relative to who is looking at. charles: here is the thing they do have. i think you have one of them. the drawis of water pouring out of fosse. now, if we look at that, it's such a beautiful drawing. >> when water goes down a fossett, it's spiraling down. a look like this nice smooth curve an outlooks are due street-level tension lines. it's like a recursive form, like saying shinzo abe squared plus

denima day squared. and it spirals. it means how you make it very and spiraled faster. >> before i let you go, what are you up to? you must be in huge demand. >> i'm hoping to teach. i would love to get this into the people's minds. the fundamental. >> very impressive. if i could just make one suggestion, walk around with a helmet just in case. >> next up, if you want your kid to get a good education, maybe and then to school from day one. the new school for babies that has parents joined all over themselves. and suddenly this electronic cigarette ad is rather ironic.

and you can try to take your freedom back all you want. but the government is just starting to take more of this from you. why this is just the beginning why this is just the beginning coming up predicting the future is a pretty difficult thing to do. but, manufacturing in the united states means advanced technology. learned that technology allows us to be craft oriented. no one's losing their job. there's no beer robot that has suddenly chased them out. the technology is actually creating new jobs. siemens designed and built the right tools and resources to get the job done.

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>> our parents about to get facts? a new private school is out for over $33,000 in tuition.

>> this is why we have a capitalist society. quite honestly in new york if you are going that direction, i want to know. you have to see the schedule of events. >> i think that you are the only one who can actually afford the program. >> what a first world problem. we have a tech engine or shortfall because they were tech engineers and our education system is failing our kids but starting as a baby that although that's quite the answer. >> the entrepreneurial spirit.

but what does it say about them? >> i think it speaks to the deepest fears and society. as parents we want our kids to succeed. and i don't know what is not. but what happened to being a parent? reading and doing all these things together. it seems to me like a copout on some level. >> keith makes a great point. you talk to people in manhattan who are going on interviews for kindergarten with their kids on their 2.5 or three years old. interviewing for kindergarten this is what society has become. >> i do find ii more competitive among the parents. i went to my sons school yesterday to talk about college. >> i guess it is something and

it is a problem. but it does speak to the fact that we may have a serious education problem in this country. i think we do and i think that it has been watered down. i think we are not prepared for stem jobs. >> that's what i want. i want to see the resolve we want to see how much this works out when you're 20 years old. >> we will all get together again some years from now. the fda is clear that this is just the beginning. even though there is no hard proof that the cigarettes are bad for you. >> this says that if the nanny

state and that it's alive and well. the government has a taxation opportunity. here we go. >> you have amazing disruptive technology. you just reference elon musk. you referenced tesla and goober. industries that have been around for a long time and we have a lot of money. and all of a sudden they jump in the middle of it. is that a rule for these guys? >> no, i don't think that it is. especially because a free phone calls that on the internet. in the senators, they were investigating this during the housing crisis. so these guys can't find the door much less some other theme

that is going on out there. this is a big deal and also for the state. because they will lose a lot of tax revenue on this and unless they find a way to get ahead of that area. >> i think actually this is a healthy option for a smoker. i think the taxation is key. they can afford this. >> i would say so far it looks like a serious positive. >> you guys have earned the state today.

we have good solid earnings and management. that will never go out of style. >> when i heard nothing but negativity, i was like what do you want. >> i'm with them. i think the earnings have been great. i think a lot of concern there and people have been flying out of these things. so then you are seeing the u.s. market, it's u.s. only problem right now. so i think this has a lot to do with the fed.

>> they haven't done that well. >> but money doesn't define brains. and a lot of them have lost money. >> i think that is part of the problem. we're talking what the hedge funds are doing and they continue to sit on the sideline. and how many people will continue because all they care about is how the market is part of this. >> i always have mark zuckerman on earlier. because you do have serious things. you have the dead in the spending in the war on success. and people are having a tough time grappling with that.

>> he said it the other day. so many people own a harley davidson motorcycles. have to start thinking with school style again. what do i use in my house, i keep using it and i keep buying it and it could actually be okay in the end. >> someone says that she is going to raise this. only because management has done a terrible job. what we looking at? this is going to be some sort of crazy volatility and whistling past the graveyard kind of thing? >> just my think so. it's a liquidity driven market. volume driven, whenever you want to call it. it's the only place willing to put money right now and you cane done recently. some interest may come back in the next couple of years. and so i think the place to be is still the u.s. market. to trace this point, know what you own. it's really that simple.

>> yes, and we raise the rates no time soon. guys, thanks so much. a lot of you thought president obama looked weawhe really... so our biness can be on at&t's network for $175 dollars a month? yup. all five of you for $175. our clients need a lot of attention. there's unlimited talk and text. we're working deals all day. you get 10 gigabytes of data to share. what about expansion potential? add a line anytime for 15 bucks a month. low dues... great terms... let's close. new at&t mobile share value plans. our best value plans ever for business.

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charles: a the president paused to a robot to his visit to asia? a lot of people say it makes us look weak but is a distraction from what is important. our national debt and over extended intervention of policy make us week. >> there are serious issues to deal with we cannot be sidetracked by nonsense. it is not helpful. >> in united states the president does not out to no one. he did not get the memo. >> it does not look to speak but makes them look and the presidential and foolish civic i believe it is the president's policies that

make us look weak. thank you for watching. him at keeping secrets? but you voluntarily give up lots of information. >> not many things are more personal than what you search for online. but your typical searches are anything but i do it. >> is there a way to keep privacy back payment that is my real social security number. >> the drums come in the government. the data brokers online. they know what you do, and that is our show tonight.