latest on food prices. have a great night. neil:. >> even liberals are piling on. i am charles payne in for a neil cavuto. the left-leaning thinktank is calling for an end to the employer mandate that if 50 or more full-time employers offer coverage or pay a penalty now they say they will switch to handle this and a lot of people say it is time to ditch the mandates entirely. , it was delayed a couple of times because of this new

survey was funded with serious backers of obamacare the conclusion that may do more harm than good? >> to make whole system work i have to give everybody insurance so that is beyond me but this whole program is beyond me. as to have a program like we did here in massachusetts which was a catastrophic share plan we now have the extensive plan that covers elected them preventive things and is not affordable on the severity is willing to use subsidize. they wanted 7 million but some were already ensured now we have all hole to fill. i don't think we are closed but this will be a disaster.

charles: all signs point to that and virginia was one of the first space is a and we see increases all the way up at 16% but the reason is people who wore uninsured are in very poor health. that average age to be significantly alter gives credibility there are a not enough young people and that spells catastrophe. >> it is a mess. the great thing about the obama administration is they cannot stop there. they have to increase of minimum-wage. with at national scale not a local scale. but that minimum wage in iowa as the same as manhattan makes no sense. it is best left to the states and not the national government. but pointing out obamacare

looked at 30 hours a week they are entitled to health care so the retailer has taken the 35 hour a week worker cuts them back to 28 and that has not helped american families and it gets worse. charles: i want to bring in the of fox business all stars. the employerdy said if we mandate less than 1% of people would not have insurance. so if we have a mass exodus this has done more harm than good. >> you are spending more and getting less. the "new york times" had the big breakthrough peace saying it more insured but the choices are narrowing. they quoted an executive who says we have to break people

away from the choice habit. that they have choices as part of the system that's what makes capitalism works better as the choice is the better this narrows those choices. >> what is interesting is the insurance companies way in because they see what is happening as a result of the new policies implemented. those that support the universal health insurance initiative with those bumps along of the road and other choices are available later. there are several sides but now according to this executive? charles: but getting away from the i hypothetical part it that every time there is a new report it comes to fruition. >> the number one inhibitor to growth is obamacare now

they say this will not create jobs but one thing that goes hand in hand with stories is flexibility if you mandate to do anything it limits flexibility what the employer might be able to negotiate. there may be less take-home pay. >> it gets worse because they don't stop there. of minimum-wage now assistant managers who felt good to get a salary of $35,000 per year to provide properly for their families now you will be all relate. you're not making 60,000 now you are it not to exempt. what is the side effect? there is consequences that hole up ford latter will go

way. it is harming the middle-class they intended to help. charles: the same report and it is important 2.0 this is the johnson foundation to push obamacare that says the consequence has spent the lower end of the work change is you want to retain talent you retain the top people with the best perks. >> when you limit choices to the middle-class they already have few enough as it is but it promotes the attitude that you have fewer choices. leave of up to the government. though one-size-fits-all frankly we are not a country made up of individuals who will sit back and let the government tell us what is best. we know what is best. will the electorate make us

stand? charles: with the employer mandate they need to find money. if we do checked what could fill the void? >> higher taxes. >> the alternative is the real question. if you look at washington or the policies or what is not propose it is the real problem. looking at the employer mandate it will drive up the cost economically but look at the largest number of people it is the best way. charles: of 13 percent approval rating? thank you. the panel is always is doing. all the money coming from gas tax where is it going? why he finds the answer to

the question. >> why do say that? where do think it has gone? director of roads and bridges are crap and this is after be committed tens of millions of dollars each and every year through friday resources than they are still falling apart.

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(anncr vo) that's health in numbers. unitedhealthcare. >> i am not for crumbling roads and bridges or for them falling into the water but i am for to make sure we don't compound the sin that the money supposedly goes to fix the bridge never meets the bridge. charles: where is all the tax money going? the senator says it is spent on special projects and not on roads or bridges. senator you say we have revenue all that money is not the problem? >> exactly. we have a bill to address us significant middle-class problem. if enacted to bellmore infrastructure money back into the hands of the states who can spend that money more effected lee and

efficiently to connect the places where water they want to live with where they have to work. charles: people watching still feel the sting of the stimulus and to the shovel ready projects it feels none of them went there with no accountability. everybody gets nervous. >> exactly. the purpose is to put less of that "power and money" into the hands of the few. and with state policy decision makers. to reduce the federal gasoline tax down at 3.$0.7 we could use that portion to maintain existing interstate highway system everything else is collected and spent by states that the state level where it belongs. charles: i go to work in one

state to another state and it is extraordinarily expensive and i wonder where my money is going. but some of their colleagues say that tax has not been lifted in a long time it does not cover wear and tear but this is a misguided waste of time and we need money. >> we cannot hurt anybody make that argument yet but if they do my response is number one figures show 3. $0.7 per gallon is enough to maintain the interstate highway system. that the federal gasoline tax is not enough that would help us to do more with less a few believe that additional $0.14.7 per gallon back in the hands of the states they could do more because they don't have to comply with the federal

regulations. they could make the dollars stretched another 20 or 30%. charles: i am with u.n. had to present another issue is states' rights versus the federal government and we have of government who wants to control everything. but look at the politics. the tea party, the exaggerations' may have been pre-richer. of big winner with nebraska and west virginia. i remember they said maybe the tea party is fading? you must look a lot better today. >> no question the grass-roots conservative movement in america has been gaining momentum still has an enormous amount and it is interesting it has become a part of what the republican party is. we move away from that point where the effort was spent

shouting about those things where we try to embrace what we do but we hear peoples throughout utah and across america that americans want government decisions to be made at the appropriate level. not everything made in washington. they want us to return to so long proven principles that say local government is better on local issues. if we do that it will help the port and the middle-class. charles: what we have seen is the infighting and the of mainstream media but the appeals like there is a serious battle between established republicans and the tea party where they are emboldened to put the tea party takes them to the curb

>> there is the natural tension between that party's base antiestablishment on the other. and it may exist with their own and it has created small hole in the republican party that is the size and the shape of the conservative reform agenda to help bring bavaria's constituencies together and expand the party. charles: the biggest win this week is the election in india. the best tea party candidates i appreciate you taking said time to explain your position. >> great to be with you. if he is in the senate he would be a fantastic colleague. >> is wall street sharing

too early? why it could be a crash.

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lockstep. we need better economic growth and i think it is on the horizon but especially in misery mode before we get there but i think it is around the corner. charles: but is there something to be said that in my lifetime is the most hated bull market in history ? >> i could not agree more. i cannot remember a bull market that is lusby lead to a and this one. that is good news. they end when people are confident to think that stocks are the best thing since sliced bread. >> but the american institute for individual investors says it is the highest in a decade. nobody believes it exists. now to bring in our business all-star panel.

listen nobody believes in the rally. >> maybe it is due on tax stocks they will not achieve a profit anytime soon. with that internal correction ended up doing very well. >> aided the last few weeks stocks are down 50% or more and you don't even know it. >> looking at the cash on hand compare that to the '90s it is a completely different landscape. >> that is our broad base recession of all sectors and it is up broad base recovery but to the of point of

growth and the economy we b.c. revisions of negative growth that is a technical term but i am not saying we go into a recession but especially as inflation is rising. 2.7% increase of food prices hurts people ability to buy other things simic consumer spending is something to take into consideration. there was some growth and as people go to restore that the price of meat is the highest in 30 years? that is significant have an election coming up the fuller getting scared. >> what is most interesting is 90 percent of people say even if the economy does improve they will not necessarily spend any more.

charles: i watched the fed data closely people are spending but they're almost at his hero. they have to buy into the fed or skipped a few trips to the of all. is there a point something has to break one way or the other? >> but they continue to putter along. they are working but not making more money. they don't have a big pile of savings if the economy does get better it is because the head winds from the federal government will give us a 50 basis points of growth with confidence picking up why are mergers and acquisitions up? because corporations are confident today them they were born uriko.

but. >> but those mergers and acquisitions are also up because people are giddy about the stock market. they want a piece of that capital by receive more m and a. >> absolutely. then stocks will also. >> this will be more scratch and claw to get there. >> but the last 2.5 years always the acquiring company has gone up but wall street wants to see them built for the future if they think demand is there then it will materialize. we will talk again soon. you will not believe why this is not stopping. next.

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charles: privacy alert. does this give them a right to dig in deep? david asman, you have the details? >> everyone is doing it now come all the federal agencies are getting into the data collection and once we heard this term come i prefer big brother. this is by the end of next year and they will have 52 million facial images and that should never be in the fbi databank am a 52 million of us will have

this. the treasury department has also been collecting data. and they have to be taken from what the government always knew. >> off right and should we be about all this? >> i'm really concerned because what is behind all of this reign john podesta is the one who is running this operation. and you see a is a good and a public service and i think that is what we should have our and cannot work. and what is this really being used for. >> we believe the government would not use this as a weapon. so how can you in the aftermath think that we are working

through these scandals that haven't been resolved. >> some people are going to say the same thing. what's interesting is a lot of these agencies are actually piling on and adding more surveillance opportunities, if you welcome the dhs actually had plans that were scrapped and so -- >> certainly surveillance as surveillance. data collection, i think that's what we really start to get concerned. what are you going to do with this data? >> they are gathering information about your information. facebook and some of them are saying we are not going to do this and that is one small way.

rerun with google and they took pictures of my house and their likely got your back, main street. but i don't know. >> you hear mayor bill de blasio here in new york and a lot of others say, oh, we want to provide pre-k and other things. they want the education get in line at the beginning. >> we have a lot of pushback to that and one of the possible solutions to a lot of it is allowing people to opt in or opt out and not have a default setting. and that is an inherent problem with some of these things. >> so we have an e-mail marketing.

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is all ready the brand ofstate the year.d berkshire hathaway home services. good to know. charles: well come i guess they don't teach simple finance in school because millennialist are clueless. a new study showing only 6% of 18 to 34 year old know what goes into a credit score. family finance expert says this could be a scary sign of what is to come for the younger generation. jennifer, you have been warned about this kind of start a long time. >> it's a real concern that our young people know less about credit than everyone else because they are using credit for the first time, whether it is for insurance or a credit card. even winning their first job,

that is a big and important area where young people are looking for a job and may not realize that even their credit can stand in the way the one that's one of the things that we can sort of teach and so they go through it. do you know what i mean? >> if they don't teach freshman orientation courses around credit when they enter college or even high school, i think it is so important. but the key is making it relevant to young people. and they have some people competing for this time and they need to make it relevant and we need to make it part of the learning process. charles: is interesting. if you're lucky enough to get a job out of college, you just want to spend that cash and so how do you drive that point

home? >> young people want to achieve financial success like everyone else and they get that. and so the important thing is to make the connection that if you want to achieve financial success, it can make thousands of dollars in difference for the loan elements and it's really bringing those numbers to lie in ways that are simple. people get it and the problem is we don't teach it. charles: stay right there, we will bring in sabrina schaeffer and david asman and chilling can. so how are you feeling? i mean, are going to stick up for your people? >> according to the same survey just over 40% of consumers who are adults and older generations, they also have no clue. so there is that the statistic as well. so it's clear there's a lot of education on this topic.

but what i think is the one here is if you look at the way millennialist spend money and make major purchases and they rely on credit ratings and more and more of the choices are delayed according to a lot of different research. buying a home, purchasing a car. at at millennialist have unemployment at villa, part-time jobs to do with command also learning about this is more important than ever and to your point here. so you only learn it. >> i was talking to my niece last night. so many rich people are paying cash for things that people who are getting their first mortgage are getting squeezed. charles: i also know that some put 20% on. >> even if you put that down from its tough to get a mortgage these days especially if you're a young person. charles: i also think, and i don't know if you are older than

that, but i feel like we don't have faith in the future this or not saving for college or retirement or to buy a home. we are living in the moment as a people. >> i think there's a tendency towards that especially only talk about how government is going to take care of all these things. and so money is a little bit more concerning. and at the same time, i like to be upon the window sometimes. but you don't always learn new things and leave it there and sometimes the credits were slow because you haven't been taking a lot of credit. the maximal sum that young people think that credit repair companies are going to help them when in fact they can sometimes not help them and it's been so interesting. so if you show people what they can achieve financially in ways

that they can relate to, they get it. but the problem is that they don't teach them until it's too late and you can't get that car that you want. >> i would love to have taken one of those courses and i think it would've been so valuable. but in these courses they also tell young people there is that 17 trillion-dollar debt and that hinders your earning potential. as we really need to educate people about how this works. >> before we close out this segment, how does it look two maybe two or three streets that had mandatory high school education with respect to finance 32nd better? >> we are seeing a lot more states incorporate education regularly as well as corporations getting behind educational programs and a couple of things that they can

do as parents is take out authorized user as this goes and they can actually get a credit pulled. so those are just a couple of things. >> that is a double edged sword right there. there's so much more we can talk about and we appreciate you understanding. charles: you may want to stay away from google before the midterm elections. why they could be shaping or political opinion without you even knowing it

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charles: in tonight's business lets.

a study shows search engines like google and yahoo are able to sway elections and you have no idea. let's get back to our all-stars. should we be worried? >> welcome i don't know if we should be worried but the reality is that there are plenty of literature publications out there and in this case it's going to be an algorithm you want to show you guys how easy it is to be swayed, you guys have an opinion and a teleprompter and you say it. [laughter] this was raised in india where they found out that fiddling with the search, you can affect 12% of the final vote. 12% could change and they did the same year.

like rick santorum and others. and they've done that before. >> they sway people's opinions. that is what they do. >> just for the record, google claims that they put the most relevant search result and part of that has to do with this and that goes into the equation for the algorithms. but if you look at the way that undecided voters approach any sort of election, oftentimes it is worth limited resources. >> so to your point, i do kind of worry because they overwhelmingly donate and you have to wonder, all it takes is one or two rogue employees. >> eric schmidt believes there's

a culture and they claim that they don't do any kind of manipulation at all and we don't have any proof of that. >> the best thing would be for them to pay attention, especially those on the right there that are so far behind and so focused on the turning out this and there's a lot that can be done in a positive way. at the same time we can learn a lot about how we can target voters who might not otherwise we on our team. >> was also interesting is looking at these different ways and who you're friends with stillness go to another product, breaking down and it costs only $152 to make, so they want to

charge $1500 and it's up to you. >> there's a lot of nonmaterial. and there's a lot of nonmaterial that goes into making these products may far outweigh the material and actions are it's a kind of a false sense just to add of the physical stuff involved sumac had lawyers come engineering spirit there's a lot that goes into it. the capabilities and i think what is most interesting is we are talking about technology and what it means and earlier in the show we were gathering data and this is part of the information and a lot of it is very useful. a lot of wearable technology for a lot of people. >> i'm excited about the technology part of it.

>> so we should ask them to pay more in taxes, somehow this corporate income statement wants to the public. >> but the profit margin is so large, my husband owns his own small business and i see this happening all the time, what is the one to cost me thinking that there all sorts of costs in the manufacturing and just developing the products. it means that people might be thinking a little bit more about what goes into creating business. it's just not suddenly people got together, there was a lot of hard work and innovation. >> what about pharmaceuticals that take years and years of trial and after? >> they also have a limited amount of time to profit from it. and so i'm digressing a little

bit we are seeing it, and you have a very big profit margin in all of this, they have gigantic profit margins. i'm kind of glad to see that. cemented as a whole show on silicon valley and it makes it easier. >> there's a lot going on if you follow what's happening, using public location and there's a lot of this going on. >> the two areas are silken bow in washington dc. >> absolutely. and by the way, we are showing how much of cost to make certain

items. trying to make a profit. and it's interesting because a lot of people think that companies talk about revenue. but they still make a lot of money. >> a lot of them want the feedback and that is also factored into this. >> the third issue here. would mitt romney be president if mitt romney got his way? [inaudible] >> i think is terrific, i don't know if you ever saw him. and he's so smart and he has a great story and it would've been so much more exciting. charles: unblushing.

[laughter] >> i don't think that mitt romney should have chose this. i think the republican party should've chosen us. >> i tell people that i honestly believe, you know, i think mitt romney could have been president obama. and i thought that romney dropped the ball because he got to comply after winning. i just think what the president has done, he had this opportunity to bring the country together. and it's just heartbreaking two it's because you don't pit americans against one another and that is something that we really need to understand. >> in politics they go way back.

>> they have 65 million names. but it feels like people want to think that president obama was a seasoned politician, a community organizer. he's more of a politician than most politicians small-business owner, we are not going to elect someone with $100 million. >> i think the next president, whether democrat or republican, they need to be a governor, someone who has had a direct impact on affecting policy. >> i think you're right and i think the governor of maryland

is actually going to give hillary a run for her money. >> it sound like we are ready for 2016. thank you guys so much. washington ran up a huge surplus in april. time to celebrate? we are asking our viewers at home. one surplus and what is one surplus and what is washington going to do that? i don't think so. but we will be right back "hidden things." ok, why's that? well uhhh... surprise!!! um... well, it's true. at ally there are no hidden fees. not one. that's nice. no hidden fees, no worries. ally bank. your money needs an ally.

a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again.

when folks think about wthey think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america.

>> it is time for your viewer tweets and facebook post on a lot of you are reacting after running up a surplus in april. stephanie says, would there be a surplus about the tea party? that's a great question. and linda says they have money to spend. plus, these tax revenues should

last the entire year, not just two weeks. meanwhile christine lagarde is being protested by college students. she said they should not be allowed to disrespect the speaker no matter what their feelings are. that is one problem, no respect for others. susan rice, why do students even have a say? can't they learn something even if they don't like them? and graduates now have a high school education. finally, cash or credit? it turns out most people are saying credit area they say we seldom have cash in our pockets. debit or credit cards allow you to keep track of all of your expenditures and they also allow the government to keep track of all your expenditures as well.

one watches the cost of things more closely if they use cash according to one. you can send me tweet. thank you so much for watching. lou: good evening, everybody. the tea party claiming victory after the republican primary election and taking back the house of representatives now is looking bleak indeed. we begin in nebraska with mitch mcconnell supposition. the tea party favor on the republican nomination, it more than doubling the vote total and he blasted president obama in his victory speech. we will go forward into the election