maria: we will see you tomorrow. thank you for joining us. that will do it for "opening bell." i will see you tomorrow. time now for varney and the company. stuart. stuart: thank you. a disappointing read on jobs. a big increase in the trade deficit. if you want to break out for the economy, this is not what you want to hear. more innovation headlines. today it is anti-hacking e-mail and extended next-day shipping. yet another negative for president obama. america struggles to pay the rent or the mortgage. here is the last one for you. netflix brings in original cartoons. bernie and company is about to

begin. ♪ ♪ stuart: check out the big word. not much change. pretty flat. very low volume. the dow is down 10 points. the s&p 500, that is in record territory. 1925. of one point. pretty much dead flat. look at the price of gold. no change today at all. dead flat. 124450. the overall rate is still at a low historic level. i call it democratic luxury. we are talking coach.

that puts it below $40 a share. under armour, they get an upgrade. 3% gain. fifty-two for under armour. the first of this week's job claims. charles payne is here. i will not read too much into one adp report. this is a pretty bad start. charles: it does not look good. we have a week of crazy hard to reconcile data. we just had an isn manufacturing number that came above the consensus. it is very, very confusing. friday will be an absolute huge day. stuart: is that the day when the market moves? >> i think friday will be a make or break point.

it will be hard for the market to continue this kind of holding pattern. it has been up, down, up, down. this sort of market has not existed and i do not think that it can for long. stuart: the market goes up or down. it keeps going flat. charles: the perfect storm. just enough of a recovery. stuart: the market goes up on $200,000. growing pains for pandora. nicole: the stock is lower. they got all good news pertaining to active listeners. the stock is lower. it actually brings higher loyalty costs for them.

they saw listener hours up 28%. active listeners up 9%. the increase their market share. there was another piece of news on bloomberg about the department of justice. we will see what that means for pandora as well. stuart: the stock is down. thank you, nicole. kevin brady wants legislation and he is pushing it. congressman brady joins us right now. am i right in saying you will have this bill and it will completely innovate the death tax. it will get through the house.

>> i think it is important. i think it is time for that. their are a lot of senators facing reelection where people do not believe you work your whole life and uncle sam swoops in and takes a third to a half. stuart: your opponent will say, if you reveal this tax, you are just giving money to the rich. there is a very strong sentiment in america today that we want to tax more, not just give money. >> they are dead wrong. these are family owned businesses. many of them are building for the first time. in fact, what they have our businesses that trigger the estate tax.

the truth of the matter is it raises very low money. it is a drag on the economy. we would generate more tax revenue by appealing it. stuart: okay. i have one more for you congressman. what do you think on the president decision to turn over five high-level gitmo detainees in exchange for the u.s. army bergdahl. we are seeing some still shots of the handover of the sergeant from the taliban to u.s. special forces. he looks well and he is walking to the helicopter. what is your comment on president obama's release of the five caliban. >> this is a bad trade for america.

his actions have cost us up to six american lives. it may put more soldiers at a risk. in the long run, this is not good. stuart: shown shunted the president have told you? >> yes. this is a very mature issue. congress has much different feelings than he does. i think he ignored that law. he could do this deal in the dark of night. it is exactly the wrong thing to do. i think over time, national

security suffers. stuart: our viewers are now watching the video of the handover. you can see that taliban are around him. they hustle him away. the americans take him away to a helicopter that is waiting there. he is walking and he is walking on his own 2 feet there. they take him to the helicopter and shortly it will be taking off. that is what our viewers have just seen. we appreciate you being with us this morning. >> thank you, stuart. stuart: the republican primary results. too close to call. 50% of the vote. mississippi holds a runoff election later. a primary for the first time in

california. a jungle primary. i have never heard this before. all candidates for all parties compete. the top two move on. governor gerri brown took the lead. he will be joined by neil cash kari. brown is the odds on favorite to retain the governorship. we still have the dow jones industrial average doing nothing. it has been true for the last couple of weeks. the dow holding at 16,700. it will be this way until we get some dramatic numbers on jobs friday morning. another class. yes, it is getting squeezed. more than half of us struggle to pay the mortgage or the rent. cutting back on something else like healthcare to keep a roof over our head.

the "wall street journal," veronica, joins us now. you covered the stage of the middle class. is it accurate to say that the middle class is being squeezed? >> for sure. your milk is more expensive. your cheese is more expensive. your housing is more expensive. you are not getting paid more. it is getting harder for people to make it. the senior bills are getting higher. it is a really tough time. stuart: half of the people polled say they struggle to meet the rent or the mortgage payment. what does that mean? what does that say? >> it is a wide-open statistic. i talked to a lot of wide-open financial advisors. this is a situation that could be avoided in many situations.

people are still buying houses they cannot afford. their rent increases to amounts they cannot afford. they should not be in these places. their incomes cannot keep up with it. we are still spending too much as a country. stuart: are you really in favor of more austerity? everybody cut back. >> right. people need to be smart with their money, too. people are not saving enough for retirement. that is a huge issue. what does that mean for the system? stuart: is this a personal problem? is this the fault of individual americans? >> i think it is really hard to say. i think it is a little bit of both, perhaps. lots of times, they are not

making good decisions when it comes to money, investments and spending choices. there are a lot of questions. where does this all end up? stuart: you have 20 seconds. charles: i think this is part of a greater malaise. the willingness to sacrifice. stuart: thrift is no longer regarded. >> that will come back to bite us. it already has. stuart: it has been like this for 40 years i have been in america. charles: credit card use has not gone up since the recession began. they cannot keep doing this. you cannot keep borrowing from savings and spending at the regular coin. the government wants us to use our credit cards.

stuart: i say get out there and spend. i am an american beard veronica, thank you. after the break, a "new york times" economist goes to denver. should there be a warning label? the judge will discuss it next with me. first, you have to call this severe weather. severe thunderstorms across the midwest. golf ball size hail in nebraska. several tornadoes reported. wait for it, that same storm expected to move into illinois and other eastern states. here it comes. ♪

you to you ask us about a

particular stock. sir charles delivers a answer. a stockholder asked about tool works. charles: one of these self winners. a name i think we all know. i guarantee you know the name if you see it. the company is doing extraordinarily well. it is another one of these things where you say illinois tool works industrial america. there is no way that the stock should be up. europe was up 5%. asia was up 8%. stuart: you make a good point. forget about industrial america. we go with amazon.

charles: they will eat it every morning. it has done amazingly well. stuart: you got your dig in about me buying microsoft years ago. [laughter] stuart: this is for everybody. she took too much. she freaked out in her denver hotel room. the problem is with edible pot. you cannot be sure the dosage. how much are you actually taking in? it is not regulated. judge andrew napolitano is with us. stop laughing. you know what is coming. >> she is innocent.

we all know it. [laughter] stuart: edible pot, 40% of the market in colorado. i think there should be a label on how much is in this bite . >> she wants claimed that she interviewed george hw bush in a jail cell. do you believe what is in that column? i do not know if it is true or not. if you leave a product, whose fault is it?

i am in danger or my kids are in danger if they get a hold of it. stuart: 40 grams of this stuff. >> would you eat a candy bar claiming you did not know what was in it? she had some personal liability in this. stuart: you oppose a government rule that says you by legal marijuana, you are entitled to know how much thc is in each bite. you oppose that? >> yes. stuart: who will do it then? >> the manufacturer of the product is liable. the consequences of the expected use -- why should the government intercede? she eats it and she gets sick.

she is complaining the government did not warn her about the chocolate? it is her fault. stuart: totally wrong on this particular issue. what about this? edible marijuana in california often comes in packages to make it look like gummy bears. the kind of stuff that kids would eat. a pair of bison take it home. they should put it away. lock it up. but they do not. the kids get a hold of it. why can't we have a rule that says, it you have to put something on it to show that it is marijuana. it is not a candy. >> and the kids will read that label and stay away from it? [laughter] >> excuse me, sir.

this is comedy central today. [laughter] stuart: oh, boy. our time is up. in the next hour, we will get a take on this issue again. you will not be on in the next hour. >> i am around, if you want. stuart: be careful. we may not invite you back. >> always a pleasure. stuart: you may be back. the latest rumor out of hollywood. move over, harrison ford. our production team really does not like this new guy. you can find out who it is after the break. ♪ [ male announcer ] if you're taking multiple medications,

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stuart: that particular part of the scene really scared me to death. watch out, harrison ford. robert pattinson, he is being tapped to play indiana jones in the fifth movie in the series. some people say that is that -- charles: unless he is playing a vampire with supernatural abilities, i see this guy jumping off a cliff and breaking his ankle. this guy lost it when his girlfriend had sex with the director. those are big shoes to fill. i do not think he can do it.

stuart: you have glossed over the real reason why this man will play indiana jones. charles: maybe. stuart: he got all upset because his girlfriend had sex with the direct care. >> and then he went out and got two new girls the same day. stuart: we are going to move on where you make us some money. you will tell us about kimberly-clark. they have a huge demographic problem. you know this already. you are nodding away. charles: they have a serious issue. they will have to swallow their pride which is hard for them to do. they make all of these things

that we use. 3% yield out there for people looking for something with yield. this company will not go anywhere. the stock gradually moves higher. the health business is really coming along strong. stuart: a solid 3% dividend. charles: they watch our demographics. they want, sometimes, our dividends. stuart: we are up eight points. we will not call this a rally. if you missed our conversation with kerry earnhardt, the conversation devolved into who has the worst accent. him or me. everybody knows exactly what the man is saying. >> people probably know what i save more than what you say. stuart: we have some reaction to

that. joyce says, i understand earnhardt better than your british accent. surely adds, there is nothing better than a good southern accent. sorry, stu. >> stu, you need to start watching nascar. stuart: why do you think we had earnhardt on the show, john. we do love to hear what you have to say. please, keep those comments short, sweet and very much to the point. bottle service to your table in a restaurant. using drones. one las vegas hotel is doing that. more details next. ♪ we asked people a question,

how much money do you think you'll need when you retire? then we gave each person a ribbon to show how many years that amount might last. i was trying to, like, pull it a little further. [ woman ] got me to 70 years old. i'm going have to rethink this thing. it's hard to imagin how much we'll need for a retirement that could last 3years or mor so maybe we need to approach things dferently, if we want to be ready for a longer retirement.

♪

became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade.

♪ stuart: you consider this a slight unusual story. lauren tells me it is true. >> who would pick the drone over the bikini clad waitress? i do not know.

the marquis bay club. they delivered bottles of champagne to people partying right there outside by the pool. they figure out that it can hold between eight and 12 pounds. it cost about $20,000. that is the rumor. the question is, and we have asked the company, will they continue to do this? it may come to the rooftop bars here in new york city. stuart: whatever you say. i am glad we have the video. i did not believe it until we saw it. we call google the everything company and for good reason. it is always in the news.

google claims it has hacked proof e-mail. charles, we returned to the theme that google is the innovator of the day. >> it was like google, apple and now it is google, amazon. you will not have these giant warehouses like amazon. maybe it is also a chance for these brick and mortar companies . stuart: the online ordering service. they have a fleet of trucks that deliver. >> they will have a bunch of driverless cars and trucks. stuart: that stock up 566.

it is an $1100 stock. close to its high. charles: in a holding pattern. very much undervalued. stuart: you would buy it. >> yes. stuart: governor perry. there is a group called why texas. it is responsible for helping these businesses. the ceo of why texas is with us now. what is different? >> unlimited opportunity. you compete globally.

stuart: build a headquarters building. a very limited planning commission. very limited cap and trade rules, for example. that is what you are offering. >> it makes it easier to get off the ground. stuart: are you jampacked full of work? >> 1000 people. the west coast and east coast domestically. naturally, it is europe. it is asia. stuart: what are you doing for toyota in texas? >> we pick up the pieces. we get them connected.

we connect them with ceos in the community. there are ceos that can help you with a number of things. personal connections with peers that they have something in common with. there were influences and leaders in the cities that they came from. they want that. people that can help them get things done. meet the right people. stuart: okay. >> you have to have full understanding what the landscape of texas provides a company. they are leaders in a number of the industries. stuart: how many you second is are in your group? >> we have 40 executives. stuart: do they work for why texas? >> no.

we are a facilitator of information and availability. these ceos to help get them on the ground. stuart: if anyone is interested in moving, why texas is a group to get a hold of. why texas. thank you so much for joining us, sir. after the break, a first ever on "varney & company." look at this. they work for us. do you realize that? they are millennial's. here they come. on their way. almost at the door. you will meet them in a moment. ♪

[ male announcer ] whether it takes 200,000 parts, ♪ 800,000 hours of supercomputing time, 3 million lines of code, 40,000 sets of eyes,

or a million sleepless nights. whether it's building the world's most advanced satellite, the space station, or the next leap in unmanned systems. at boeing, one thing never changes. our passion to make it real. ♪ ♪ >> two major drugmakers reportedly planning to sell or switch up large portfolios of older drugs. discussed things with potential buyers for a group of treatment. evaluating options including investments into older drugs. an update now into general motors. the "new york times" reports the

internal probe will name executives, as well as employees. last month, they posted a decline. still facing probes by the justice department. stay right there, everybody. our millennial panel is next. ♪

♪ [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ she can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. ♪ my mom works at ge. ♪

stuart: walgreens is a winner. i want to know why. nicole will tell me. nicole: a winner on the s&p 500. hitting a new high. up 4.5%. this is because of what they are seeing in the stores. customer traffic dropped a little bit. the customers that are in their art filling their baskets even more. we are seeing subscription sales on the rise. stuart: baskets? you go around walgreens with a basket? nicole: how about duane reade. you get a hole card. it is like a supermarket and pharmacy all-in-one. stuart: this is a good one. we brought you the story about how one third of millennial's

are still living at home with mom and dad. >> i think the fact that only 45% of millennial's living at home are underemployed. they are working hard. trying to find jobs. this is a cultural shift. stuart: some people say that millennial's are simply lazy. that got our production staff really fired up. the argument was intense. especially among the three young ladies that join us now on the set. christine ambrose, normally known as chrissy. caitlin fisher. normally called fish. and always who is always a elise on this program. you took particular exception to being called lazy. a third of the people of your

age group live at home with mom and dad. >> i wake up at 4:45 a.m. to get on a train at 5:30 a.m. does that sound like lazy to you? stuart: but you live at home. >> i do. a lot of my friends live in neighboring cities. you know, just live at home for a little bit and then moved out. i graduated college with about $30,000 of student loan debt around my neck. it would be great to be independent and not be under mom and dads roof. it would be a lot of money. stuart: you absolutely are not lazy. they i a test for that. >> why thank you. stuart: to get up at 4:45 a.m. at your age is extraordinary. fish. caitlin. [laughter] stuart: you have no students

that. >> i decided, consciously, going into college i would go to school where i did not have to incur any debt. i did not go to my dream college. i decided to go to a state school and go to school for free because of the programs available for me. it leaves them in a position to not have to pay for rent, car, health insurance. stuart: you do not have any debt. >> correct. stuart: i think you made a good and sound financial decision. >> my parents were happy for me. i went to the same college that they did. that was always a plus. they thought it was a wise

decision did if it meant not incurring any student that, that was the way it went. stuart: you are a single mom. you do not live at home. you are a millennial. do you get help from your parents? >> i get help from them for day care. i was also fortunate not to have any student loan debt. i am in a different position than a lot of people out there right now. if i had to pay for day care, i do not think that i could be on my own. i really don't. i am barely making it. preschool starts this september. mom and dad will not be able to help with that anymore. stuart: particularly fired up and angry after yesterday's debate. were you angry about that?

>> i do not think that there is a one size fits all kind of answer here. some kids are lazy. the parents are paying all of their expenses. stuart: it is easy. >> yes. i will not go on national television and say that there is not an ease to it. >> i think people in our generation get characterized as lazy a lot of times because we have grown up with technology and technology is designed to make your life easier and simpler. we have grown up with it. we are used to it. the older generations have not. stuart: would any of you make a different decision five or six years ago? >> no. absolutely not. stuart: would you? >> you know, for four years i

went to college in the midwest. i lived by myself out there. i moved to europe and lived by myself there. if i would have taken a job where ever, that would have been my choice. my job at fox and my career path made my decision for me. i wanted to work at fox business. i want to work for stuart varney. i guess i am lazy. stuart: you work extremely hard. you are valuable to us and we appreciate it. thank you very much, ladies. this is the penthouse and historic building. just find out how much the penthouse there is worth. what the buyer will get. okay. after this. ♪

stuart: the penthouse on top of those iconic building in new york just priced at

$110 million. that makes it the most expensive asking price for a downtown manhattan apartment. cheryl casone knows all about this. cheryl: this will be interesting. this has not gone on the market. not for sale. this is an early offering plan. things could change. the attorney general's office has not approved any of this. it will for sure be the top nine. this was built in 1913. it is an iconic lower manhattan building. for this one, what they are proposing at this point, 8975 square feet over nine floors. four bedrooms. an elevator. you are mainly living on 50 and 51. there is an observation deck.

they want to put a wine cellar in the great room. an entire floor is a great room and a seller. stuart: that is a bargain compared to london prices. cheryl: of course it is. welcome to the bubble. stuart: the top nine floors in a building in manhattan. cheryl: we have seen record prices in manhattan. 90 million. 95 million. this will be a big controversy in new york. i will be following it. developers will have quite a fight on their hands. stuart: do you think it is a bubble? >> no. i think 110 million will probably be a decent price. i think it will go for that. stuart: i am out of time. thank you very much.

we have to get back in a moment. could there be a glimmer of hope for the formerly folded state? california may want a change. that is new. ♪

stuart: where are the dogs? where is the return to prosperity five years into the recovery and the obama malaise is still with us. obamacare, high profile terrorists and the economy, not good news for this embattled president. let's get right to an with the headlines. disappointing numbers on jobs and productivity, not a good start to make or break week. here is a question for you. the formerly golden state seeing the light? 47% of californians think it is headed in the wrong direction.

the embattled president, how is he responding to the pressure? dr. keith ablow puts him on the couch today on this program. dan marino pulls out of the concussion lawsuit. why is he doing that? here is something new. i will demand regulation of a brand-new industry. straight to the markets. been like this for days, no change for stock prices. how flat can you get, we are one point on a 16,700 index. the s&p 500 i believe is that a new high, $19.26. the ten year treasury yield has gone up a lot in the last week. now we have reached 2.60%. google claims it has hack proof e-mail and is expanding overnight delivery service across northern california. not much of a boost for the stock but it is up $3 and $5.57, netflix has a new cartoon series

called beau jack horsemen debuts in august, and aaron paul, lending their voices. investors love it. look at this poll from the l.a. times. 47%, close to half of californians who have been polled think the state is headed in the wrong direction. we will deal with that in the second. look at the primaries from california last night. former treasury official won the vote to face california governor jerry brown in november gubernatorial election. does a republican had a chance to win anything statewide in california? i don't know what james is going to say but i will last, he is the author of a great book, t i taxiforn taxifornia. >> pleasure to be here. stuart: no republican can win a state in california, don't care what the poll says. >> i have heard you say that before and we have discussed it and the reality is jerry brown

has a tremendous advantage. he is looking at a force unprecedented term as governor, has $21 million in the bank and got 55% of the vote in the primary that was held yesterday in california. stuart: why is it? you got to tell me. 47% of californians think the state is headed in the wrong direction why is the governor of the state headed for landslide victory? >> the reality is california voters are terribly conflicted. the economy sucks, jobs are leaving, we know is because taxes are high and the policies of the liberal democrats are wreaking havoc on economics of the state, and 37% as you said feel the state is headed in the wrong direction but they are not taking action. jerry brown got 55% of the vote yesterday. was added there sing town house, california is the biggest state, has 18 million eligible voters but only three.2 million of those voters voted in the

entirety of the gubernatorial election. the fact of the matter is in 2003 voters got energized and recall gray davis, a liberal democrat governor to bring in a reform-minded governor named arnold schwarzenegger who was going to burst the boxes and change government and he failed. he didn't do what he said he was going to do and the reason was he got into cahoots with the california teachers association and became -- people are turned off. stuart: hard for me to say this, i don't think you understand politics in california. you have written a book about it but how can you possibly be the amalgamation of groups that stand behind the democrats? hispanic voters solidly democrat? union voters solidly democratic this state of california and environmentalists all of the democrat. none of those constituency groups will never leave the democrat party in my lifetime. >> if i accepted what you just

said than i would be in the camp that would write off california politically and i will tell you why california can't be written off. there are 53 congressional seats in the state, 55 votes in the electoral college, there are pockets within california that are going to change the congress of the united states. already we know there are foreign battle democrat incumbents in california. there are a four democrat incumbents that are threatened. stuart: four house members, democrats from the state of california who turned -- >> scott peters, a.d. 52, amy berry, i believe congressional districts in sacramento area in the congressional districts, the fact of the matter is there are two of the receipts that are open because of henry waxman's resignation which could go republican or republican finished first, a tremendous prosecutor has roots in the

santa monica area, that seat had a history of -- stuart: in which year will republican win a statewide election in california? >> we have to keep the democrats -- it is -- if anyone can do it it is probably going to take since time. stuart: 2020? >> if i can or come on your show and we can get the information out there may be. stuart: when you haven't answered the question, 20, 22, 24? >> i am not prepared to give up on a republican party and i don't think the rest of the country should. we have to hold the democrats to account. how are we going to -- stuart: will you take this bet? $10,000 here and now says california stays democrat in the next two presidential election cycles. >> i will take that bet. we had a startling thing occur in the election yesterday and that is in two statewide races. republicans came out on top, two out of 8. one of the won for controller and is a runoff named ashley,

the mayor of fresno in four years she can be elected governor of california. stuart: willingly pay up on video tape. stuart: i am not a betting man at least one i am outside las vegas. stuart: good stuff, thanks very much. not good news for retailers, apparently not good. tell me. nicole: bear market territory for some of these retailers, where is the disconnect we are seeing? the s&p 500 has record all time highs and some of the stocks within that, you have seen a mixed economic news some of which and showed consumer spending on the rise. does that mean with the same store index that bears and demand from a harsh winter? in the meantime we are seeing names like aerospatiale to the downside down 1.5%. when we talk about bear market territory, american eagle outfitters, whole foods market.

list is huge, two pages long, great retail names hit the stores but they are 20% off of their most recent highs of the question is what are consumers thinking? are they spending again and if not for how long? stuart: thanks very much. check the price of gold please because steve forbes is writing in his new book that the gold standard is the prosperity engine. steve forbes wants to go back to using gold as the basis for valuation of currency. it was the gold standard. tres knippa joinschicago. i know you will agree -- i don't know but i have a pretty good idea that you will say yes. gold should have a role in currency values but i also put it to you it is never going to happen in my lifetime. what do you say? >> debating potential gold standard most notably in the united states, why don't we talk

about what the world would be like without gravity? it is never going to happen. we can forget about it because it would mean balanced budgets, government can't print money to buy their own debt and monetize the bond market like we are doing. isn't going to happen. i can also tell you from firsthand experience you want to get pushed to the fringe of a financial discussion? start talking about gold. it has happened to me personally anywhere from hong kong to geneva to south america, bring it up and people go old tres knippa is a gold bug. it couldn't be further from the truth. there's not enough goals in the world in order to make a gold backed currency so that is not realistic. having a limited supply of currency, let's face it, look at one of the quotes from this article about steve forbes. if printing money created wealth, why are there poor people anywhere in the world? is simply false. stuart: thanks for nailing it.

we appreciate it and i agree with you, tres knippa. seattle raising the minimum wage to $15 an hour. one of the highest, would be the highest in the land. sally clarke said about on this program. >> low-wage workers in seattle and spent time, i am conscious and want to make sure this works, what will work for the city of seattle, we want to evaluate that and see as we go. stuart: city council member in seattle, very much in favor and voted for $15 an hour. a franchise group suing, one of the members of that group, owns two alpha graphic franchises in seattle. you are suing, why? >> for the international franchise association, and the purpose of our effort is to deal with the fact that the city

council and the mayor have arbitrarily decided to classify franchise businesses as large businesses even though we are each independent and none of us meet the threshold of 500 employees to the large business. stuart: you are suing not because it is $15 an hour but because you have been classified as a big business when in fact you independent guys are small businesses so that is the nature of your suit. the $15 an hour rule is imposed, would impact on your business? >> on my particular business 12% of employes are currently compensated at less than $15 an hour. a modest effect, my competition who is not necessarily a franchise business would have a much different transitions cycle, would have seven years to transition to this rate where large businesses are given three

years. and relative to my company, many franchise businesses double large percentage of the workforce currently under the $15 an hour wage rate. stuart: the $15 hour minimum wage won't be imposed will be for another 7 years. you think you can hold up water event that? >> the schedule is three years if you are a large business by their definition and seven if you are small. the issue is not to hold it up. to request the city council and the mayor modified this and unfortunately it has to go to the legal process. of the one you would be happy to be reclassified as a small business? that you are ok with? >> yes. stuart: i follow this lawsuit because we are interested in seattle doing with a $15 per hour minimum wage. interesting develop indeed. thanks for joining us and keep us in touch with how the lawsuit

is going. stuart: facebook says it will allow youngsters under the age of 13 to join up. if they get parental consent. either way you can bet dr. keith ablow is not going to be happy about it and he joins us next. stick with innovation.

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stuart: some of the foxes are moving, protective life bought by a japanese company sylvio berlusconni%, no surprise there. first solar, the government sets new import duties on chinese solar products, first floor goes up 6% on that news. some would say this is shocking but a new poll, 63% of millennials, 18 to 34, millennials, say 63% it is impossible to achieve the american dream. that is a shocker, isn't it? liz is with us. what do you make of this? liz: the commission by the

macarthur foundation, inestimable reputable outfit, the question is is this the new normal? is the american dream dead or just been delayed? i say it is out there, 8 is delayed, 2%, symptomatic of 2% growth in the economy. stuart: they abandoned growth. the american dream which is the hope of folks in america in my opinion, if you say it is that it doesn't work, it is impossible to achieve it, you are abandoning hope, you are very negative view of your future. the 9 young people tend to be pessimistic any way. the question is is this again the new normal, the way it is going to be for future generations? i would say no. the american dream is still out there. is still there. stuart: you gave me 5% economic growth and i will give you a reversal from. fox news contributor dr. keith ablow is with us, something of a lightning round for him. i will start with facebook which he hates. facebook will allow kids under 13 to join his parental consent.

you think this is -- i am telling you millions, tens of millions of 12, 11, 10 year olds will be joining up and you hate it. >> yes. if their parents think this is just fine then under the law they are free to join with this new patented software that facebook may be polite, accesses parental permission in some fashion. it is bad for your kids. it is bad to pretend to have friends they don't, bad for your kids to get addicted at 10, 11, 12 years old to having to have a public persona that is not their real selves. this is a disaster and now it is becoming epidemic about to be epidemic in much younger age groups when the fact is i support making it illegal to use it if you are not 18. it is worse than alcohol, worse than marijuana, is the most

powerful drug we know that is being disseminated willy-nilly. stuart: i am moralize but i have to move on. >> as telling you the truth. stuart: millennials, third of the living at home, some of them think they are lazy, other people say they are victims of a weak economy. address that. they are lazy. >> i don't know that they are lazy. they are partly victims of a weak economy. i heard what you were saying about so many people believe in the american dream is dead but keep this in mind, we made these folks into narcissists. the american dream of homeownership and enough money to support your family at the prospect of making more money in the future may not do it for people who consider themselves celebrities who have been raised on youtube and facebook and they want to be stars. stuart: modern technology, you have got to do this, move with the times. here is a sign of the times,

technology, secret service developed software that developed sarcasm on the internet. i call sarcasm a low form, what do you make of sarcasm? >> there will be all manner of software programs, some from the government some from others that detect exactly how you are feeling or try to and we have to make a court decision. do we want to own our own lives and the autonomous or be transparent and cogs in a big technological we'll? stuart: we are cogs in a technological wheel, we just have to get used to. last one, put the president on the couch. he is under a great deal fresher. one scandal, one retreat after another. put him on the couch. >> barack obama on the couch just tells you the truth. he is telling you the truth. this was not exchange prisoner for a prisoner, this is a win/win for him, six people who

don't much like america. he freed all six. that is okay for him because he is not sure what he thinks about america either unless he is sure and that would be negative because it surely is not a positive feeling about our country. stuart: you don't think the president has positive feelings about the united states of america? >> no. he has intensely negative feelings, he believes that the less american, the less influence of america around the globe the better. stuart: that was a good lightning round, good luck. yes, america in my opinion oversregulated but in the case of legal pot, marijuana, i say regulation is a good thing. my unusual take is next.

stuart: i think america is

ãlot of pot least candy have legal weed is new and should be regulated

and users need to know what they're biting into. 40% of the pot consumed in colorado is edible and that is where regulation in my opinion is most needed. how about a warning label that at least makes it clear that this is no ordinary candy bar? and inspection regime to make sure the t h c is spread evenly through the entire product? would it be out of the question to have pot dispensers offer advice on dosage? believe me, believe me i am no fan of rules and regulations and i take no position on recreational use of marijuana but if this new industry is to go national it will have to grow up. it will have to warn of the risks and establish standards. government has its uses, yes it does. frankly i would expect the marijuana industry to press for regulation. it would help make wheat legitimate. that surely would increase the government's tax revenue. ♪

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stuart: stock is up again today, netflix is announcing a new original cd's, a cartoon with some big names attached to it. the stock is up. give me more on this.

>> original series starts in august, this is expected to have the same cult following as arrested development and it is one of the reasons will arnett is playing well horse. in this weird world animals interact with people, he is the 1990s washed up sitcom's far as of course. so is breaking bad's baron paul. is expected to be superfunny. stuart: this is another original item. from netflix which they are going to stream to one and all and the market likes it. >> the first of original cartoon comes from michael eisner, from disney. stuart: the stock is 422. good stuff, thank you very much. dan marino has backed out of the

nfl concussion, huge. other players are going forward with an. joining us is the cowboy guard who has been with us before, successful one for north this guy on screen right now. you have 2,000 employees with a string of when restaurants. is that right? >> i sure do in tampa bay, doing a remote from tampa bay so nice and sunny, we miss you down here. stuart: i am going on friday afternoon but that is another story. not looking for free wings. what do you make of this concussion lawsuit. dan marino dropped out. whose side are you on with this? the players or what? >> being a player, you always side with the players. i don't think the nfl does a lot for retired players. they did a new bargain agreement and it was zero for the retired players. a lot of retired players, a lot

of guys out there in really bad health and the pension programs and what the nfl has been doing for players is a travesty. haven't done a whole lot. peter: when you have a lot of public sympathy on your side because football is a very wealthy sport these days, the nfl is the $10 billion a year industry. there is a feeling that something more should be done for those guys who are feeling the effects of their years playing the game. the other side of the coin is you knew the risks. >> there are two sides to every:that you have to look at these outfits coming down at 40 years old, disabled, can't do any manual work or manual labor, all this is shot. now they are finding out,

somebody's jr. sales situation, andrea waters out of philadelphia, they had some dementia and that is why they committed suicide. the nfl has a problem and had a heck of a pr machine to remedy that, but it is some issues with a lot of players, not everyone, began marino or troy aikman made hundreds of millions of dollars. a lot of them didn't make the money in the 60s and 70s. of the one you are dallas cowboy and -- >> inducted. stuart: any concussion problems or injury problems? have you gotten any money out of this? >> i got a settlement of $50,000 when i got out but to take care of my chiropractic and all that stuff i had two four surgery's out of football and a total of 7 surgery's total and i am one of the better guy is coming out, i played eight years if i played

10 or 12 or 22 years these guys have serious problems when they get out. stuart: i hear you. i have to ask about the minimum wage. you have 2,000 employees in your operation in florida, a restaurant operation, what would you do with $15 an hour for your work out? what would happen to your operation? >> we will all go bankrupt like california and all these liberal states that are making these new laws. the bottom line is i wish government would stay out of free enterprise system as ants i think they have their hands in government and $15 an hour what happens is a lot of businesses cut back on employees so the employees that a going to benefits are few and far between and that cup of coffee at starbucks by $17. stuart: in my house we don't

call it starbucks, we call it four xbox because that is what it is. >> it won't the four box anymore. stuart: i you know position in your restaurant to use technology to lower your work force? >> oil lot of people do, a lot of restaurants are doing that. with the ipad technology and stuff like that but what we do is more about the staff, beautiful american girl waiting on you. i don't know if my male customers would like computers to talk to. stuart: how many restaurants. >> we'll then another restaurant tomorrow in sarasota. that would be number 24. stuart: well done, great to have you on the show. >> pleasure to be on. stuart: dow industrials going nowhere, virtually unchanged.

how many days in a row have we done this? extremely low volume, go nowhere stock prices, that changes friday morning when we bring the employment numbers. negative economic growth, we talk about recession, may be. after this.

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stuart: time for the real halftime report with nicole petallides at the exchange.

ed butowksi in new york and elizabeth macdonald here as well. economic data of late negative growth last quarter, disappointing jobs today, the word recession is in the air. of we headed for recession? >> it is in the economy. i don't think there's any question normally when we head into a recession the government has a tool. we love the fed funds rate and discount rate to stimulate the economy. we can't do that. >> i you one of those guys who called 30 of the last week to recessions? >> never called the recession. and numbers--every single thing with the exception of new car sales. that is not a leading indicator. everything is getting worse, and look at those numbers today. the bottom line is we are there. stuart: will gdp figures show

another contraction? that would mean we are officially in recession. >> i don't know if that will happen but i can tell you that is a survey that is difficult to get but everyone can smell it. we walk around and prices were higher and you don't want to go anywhere. that in my mind was a recession on the. be ready for it, it is happening. stuart: i got apple, they got this fingerprint technology to turn your phone into a wallet so maybe that conference wasn't quite such a yawn after all. liz: the recent developments, in no revolutionary hardware coming out like a new form of an ipad or new technology it level. our wallet, interesting stuff, turn the apple iphone into a point of sale, fingerprint, and basically payments processing in your iphone to be in your purchase to cash registers so you don't have to wait in line, things like the holiday shopping

season. that might be down a road. stuart: then we have google, we call it the everything because they're always coming out with something new and i think they're the big innovator of the day. >> i'm not buying the stock but i'm buying everything they do. i love google. between google maps i'm not using google, there's nothing i do in my life that i can't do better most likely with google. you always have to root that the valuations. we will see a pullback in the overall market. it is a mainstay of everyone's portfolio. stuart: then we have elon musk who is going to stay at tesla for awhile, four five years. what is the impact of the stock on that news? nicole: in addition to the fact there looking at different states for their factory, stock is down 1/2%. elon musk has the golden touch with tesla and solar city.

pickup three winners in nevada, arizona, texas and california. stuart: they announced the location of that factory by the end of this year. is that correct? >> that sounds right. i will go with what you say. stuart: i read it. the wall street journal. should we listen to steve forbes and go back to a gold standard? >> i love mr. ford and mr. forbes and agreed, i am not a believer in that. we don't have to go back to the gold standard, they of the economy is going and i don't think we need to go to the gold standard. stuart: under armor, i know it is up. >> an easy idea. when you use how many people are shopping at different stores, i see so many people with underarm wrong, and then you have analysts raising it to a buy,

raising a target to $15 and talking cute growth and sales can exceed $15 billion over the next two years. on radio over the last week or so, talking athletic wear being regular where. has the trend continues you will see under our brand athletic wear makers, nike comes to mind. stuart: i'm laughing because i can't see me in spandex. that is it. >> on your tractor. stuart: that is it for today's real halftime report. thank you everybody. a guy says the plate, texting his girlfriend all night in the dark. the result, a detached retina. we brought you this, how you get a detached retina from texting? dr. manny will explain it next. stick with innovation.

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lou: he says president obama could be impeached for releasing five senior taliban terrorists. former federal prosecutor andrew mccarthy joins us to talk about

that and is new book faceless execution:building a political case for obama's impeachment. tonight, 7:00 eastern. stuart: if you are a late night text area might listen to this one. 26-year-old man in china suffered a detached retina after texting his girlfriend in the dark for hours. dr. manny alvarez joins us now. i am sure there is a medical explanation for this but i don't believe it. >> god knows what he was texting. stuart: hit on the side of vote head, that is a physical thing. tell me how hours of texting can result in a detached retina? >> if you read more on the story this gentleman had myopia which means he couldn't see from far or read close. when you put a lot of strain in your eye, a lot of especially heavy reading and you see this a lot as you get older you are

then, could develop a detached retina and that is exactly, this is an annual gold -- anecdotal report after he was texting. in china 77% incidence of myopia. stuart: all people are susceptible to myopia, this 26-year-old he had it. >> of course the strain of excess of texting especially with a dark lake that night and so on and so forth can create a stressful condition where the i can't take it anymore. stuart: is this a serious risk? >> the bigger message here is all these technologies are creating a lot of occupational hazards. there is -- to one carpal tunnel thing? >> no. part of our organs, we are using

excessively. we are developing debate on both of these playing video games. stuart: my mom and dad used to say, set your eyes on that. stuart: couldn't see it clearly. that is the whole point. >> you know, the point is now people just really have all these devices and doing everything through it, you're going to see occupational hazards from it. stuart: there is a new study, always a study, this one says your smart phone is making you fatter. the blue light emitted from one of these things, increases your hunter. i say nonsense. >> i think you are right. that is not my excuse for being

overweight. ten people, affecting the blue light especially at night and whether it induces under. in their report they founded to be true. not scientifically complete, but all of this we know for sure interests your sleeping pattern. absolutely. it deserves your sleeping cycle. if you're watching your computer in bed, and -- >> what about light? >> the blue light is how affects your mind. what do you do at night when you go to sleep? but the drapes down and wanted done? in order for all the hormones to be activated. when you are watching for two hours in your bed video or playing games, that blue light can't interfere with your sleep pattern, that could make you

fat. stuart: from this segment i have learned if you got myopia don't text all night in the dark. don't read your texts on your cellphone. go to bed. stuart: we are very glad you are on the show. -- get the nobel prize in medicine. wait for it, your take is next.

>> people in my generation gets scared arise as lazy. we have grown up with technology. it makes your life easier and simpler. we have grown up with it. we are used to it.

stuart: that was a very short clip from our varney millennial's. we invited them to come onto the show to react that there generation is lazy or entitled. here is your take on the rest of the show. michael tweets this. he says the american dream is on hiatus. obama says this about the finding that many americans cannot afford their mortgage or their rent. no checks and balances. i have to tell you, the american dream is alive and well. liz: it is alive and well. it has the economy falling through the looking glass. see to the entitlement society

negates the american dream. we are pulling back on that a little bit. out of time. here is deirdre bolton. deirdre: well-timed indeed, stuart. thank you very much. china and the business of music. elevation partners right here. joining us very shortly. speaking of technology and music, the government is listening. america's pastime. it is also big business. my exclusive conversation with the frenemies of espn is coming your way later this hour.