>> amazing audience numbers. the biggest sporting event, the u.s./portugal game, don't know the numbers for the german again but the portugal game was the biggest televised sporting event this year except for the super bowl, football in general. and amazing boom and good luck to the u.s.. maria: wonderful to have you on the program. see you later, a seal on outnumbered. charles payne is in for stuart varney. have a great show. charles: have a great weekend. stuart varney is on vacation and that means we may have a show virtually world cup 40. we are calling it president obama's not so great assists. called all the scandals plaguing his administration funny but he didn't stop there. talking about federal workers and another day and obama's america doctors are monitoring your credit card purchases to make sure you are staying healthy and harvard says the housing boom is coming thanks to

millennials. two congressmen put a million-dollar reward on anyone who recover less where's e-mails. "varney and company" about to begin. >> the news is just -- these are washington flights. they are fabricated issues, phony scandals. charles: we heard that one before. we are saying these scandals revolving around his presidency are very real. irs targeting, veterans waiting forever to see a doctor, benghazi, the disaster that is obamacare, trading five terrorists for bowe bergdahl and the dismal economy. nothing phony about those. mary kissel from the wall street journal, he is not taking responsibility for anything that has happened on his watch.

>> it is almost an analyst and response. if something goes wrong is not his fault. in some respects i feel like the president is very frustrated and confused as to why his administration is running into all these scandals and i can he points at big bureaucracies and says do this, do that, please go fix this and when it doesn't get fixed and we have these kinds of scandals he doesn't get it. charles: part is management style. maybe he is the big picture guy, he sees what you wants and frozen out and think everyone will execute on it. are we giving him too much credit? >> this is a president who doesn't understand how business works or how the economy works for why big bureaucracies don't work and that is why in the nbc news poll you had 54% of americans say this president can't lead the country, can't get the job done. charles: it all began with blame george bush. listen to this one, listen to what he had to say about federal

workers. >> some federal workers do boneheaded things, absolutely. i remember the first week i was on the job i talk to my defense secretary, bob gates, who is older and had been there a long time, any advice for me? one thing you should know, mr. president, at any given moment on any given day someone in the federal government is growing up. charles: someone is growing up but never heard the president say he screwed up. >> doesn't. it is all about him. that is why you hear i in his speeches all the time but to say bonehead about a scandal like the va scandal where people died, 60,000 veterans waiting for care, and 19 office since 2005 about these wait time problems, this presidency is going nowhere and for him to come out and ignore these problems in the run-up to november gives republicans a gift. charles: if i'm a democrat i'm

shaking in my dudes. you don't want the president anywhere on camera little coming to the campaign district but i agree it is interesting you would use such -- not when people die under your watch. thanks, right now let's check the big board. the market has been wishy-washy all morning long. technical wall street term, down 19 points, gold having a pretty good week. the fed loses credibility 1300 and oil finally stabilizing although stabilizing at $16 a barrel, a little less right now. the ten year, that is something we watch closely and is still below that 2.6 place. listen, second day for go pro and this might be more impressive than yesterday, it is up 20% out of nowhere, just started spreading of a few moments ago. we needed a british accent on this show, so we got my man

ashley webster at the stock exchange. you got to tell us about this retail idea. ashley: i am really from iowa. i see mr. varney is not in today, not shorties' recovering from the world cup game yesterday. let's take a look at the debut. $17 a share, came out of the gate and moved lower but on the way back, 1701. we can say that it is above the initial share price of 1701. we will keep an eye on this, no go froms, continues to just go from sprint to sprint. charles: kind of inauspicious. i want to look at shares of nike, the reported last night higher profits, certainly be what the street was expecting, stock was higher than that. joining us is the author of what

great ranch did. you are saying nike will beat adidas when it comes to the world cup. >> yes. nike is this superior marketing company. they understand having a great product is only the beginning. you need to connect with people emotionally and that is what they do in their advertising and sponsorship. charles: they have another problem too, taking down these ads that show luis juarez showing his teeth. i saw a lot of pictures on the internet, as they were putting their arms -- could this turn out to be good? >> i don't know. it won't be good for adidas. they spend almost $70 million to be the official sponsor of the world cup and nike is beating them in terms of marketing so pulling on their ads puts them further behind and not having that exposure will be important

for the next couple weeks. charles: i would think i would have kept those signs. people were having a lot of fun with them. you can say they are nefarious or whatever but all advertising is good advertising. >> i don't know about that. there is a fine line between height and buzz and something that reflects your brand value and the d is wants to be known as a serious, credible soccer resource for people who are serious about soccer's the to be associated with this scandal or whatever is not the kind of association they want. charles: none more serious than biting your opponent. you are saying that apple, i was shocked when i heard this, the apple brand as we know it is over. can you explain that one? >> there's an argument for it being over and and i given for it being the same. the odor is with their acquisition they are deciding to

use the brand name other than apple that is very unusual. they brought in outsiders, they acquired something when typically their approach is bills so there is an element that appellees changing but if you look at the other side what apple is really good at this integration. bringing hardware, software content together and the acquisition move them forward in that. the most interesting thing will be to see how the company, the culture within apple reacts to having doctor dray involved in their business. steve jobs used to be like the rock star. now they actually have a rock star on staff so the culture might change because no longer a the designers and engineers on top. it is the content guys. a big change. charles: if you don't have the superstar in house you got to recruit him. have a good weekend, we appreciate it. now to housing, a new study says

millennials will be the key to the housing recovery. jason, millennials are going to make the housing market boom. you didn't tell us that. >> millennials are living in their parents' basement. there is job growth is not there, they're covering 16.5% unemployment and i don't see how jobs will come to them. i don't know how they will got out of their parents' homes. charles: i got the report in front of me, as they say in 2015-2025, 24 million new household formations that at some point they will get tired of staying home with mom and enough have good paying jobs in the economy will get just better enough they will do what every group of americans of them from the beginning of time, move out and go on their own. >> the report has it right. millennials are not in housing market. historically they represent 40% of existing homes sales. i don't know how they're getting

out of their parents' homes. you have 15% unemployment, interest rates that are going to rise even julie and i don't see how they are getting out. charles: we know -- in the top 100 markets, metropolitan areas wrenching is more expensive than owning. seems to me the main problem is the down payment. >> don't think they're getting out of the home, $2 trillion in student debt. if you have a housing boom is because the federal government is going to stimulate another one. with the new head of fannie mae and freddie mac, what did he say? we are going to let them keep insuring mcmansions and keep their fees, undercutting private market insurers. of another housing boom comes it is coming out of washington. >> a lot of data came out earlier this week. home sales, case schiller index and what i am seeing is a bifurcation in the housing market. homes priced above $1 million

are keeping the housing market up. below $1 million where homes would be purchased are suffering. charles: i would take it further than that. comes under 150 grant -- a lot have been bought up and that is what they are renting out now but what if the federal government manipulated things to put 5% down. does that change the picture? >> no. what you had when you had intervention like the home affordable on vacation programs yet more foreclosures. you -- free bust people were putting 0% to 5% down. charles: if that scenario existed now people who could afford it wouldn't buy a house? >> i don't think so. i don't think you could rent a home, not such a bad thing. we have to separate investments from housing. the roof over your head you don't need to invest in a home. invest in something else. >> you could put 3% down, go to the federal housing administration. they are doing some problems

right now. charles: to the same degree they were before? >> they will get back to those levels. charles: i have more faith in your age group than you do. we will be talking about this some more. the supreme court delivering a major defeat for president obama and unions with the administration's nlrb recess appointments unconstitutional. stay right there, the judge is next. [ male announcer ] what if a small company became big business overnight? ♪ like, really big... then expanded? ♪

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charles: let's check the big board. we were down 19, 24, a little bit of a slow start. maybe the summer doldrums. i have a winner for you, active as investors locking two companies, a couple guys own it, real big right now, 9%. speaking of big, big ruling came out of the supreme court striking down president obama's recess appointment to the national labor relations board. the court unanimously ruled the president overstepped his authority by doing it when said

it was on a three day recess. all rise, judge andrew napolitano is here with this. we don't get a lot of decisions out of the supreme court these days. >> not where the president's personal judgment was being rebuked. and elena kagan worked with him. this is really a long lines of the president's narcissism and disdain for the rule of law. this is a public rebuke, this could result because the nlrb is illegally constituted when it made 1800 decisions. this could result in the retrial of 1800 cases. the people on the nlrb and interim a party's -- appointees have been replaced by validly

confirmed appointees. george bush appointed management lawyers, and -- charles: democrats and republicans. they will cost a lot of money for the people litigating them to the american taxpayer. will the president learned his lesson? and review the president to get through his thick skull. charles: i don't think so. another question for the public, the two year anniversary, the ruling of obamacare, and other people feel the supreme court will get it right. judge napolitano: we will be here monday morning, after the hobby lobby decision. no way to predict that. there was the time i thought the chief justice profoundly regretted his decision to uphold the constitutionality of obamacare and he would jump with

the conservatives on this contraceptive mandate. it is also abortion and euthanasia. and these policies would you agree with them morally or employees -- i am not sure. charles: another topic. hospitals and insurers are monitoring people's credit card spending to see if they are dropping money on and healthy stuff like junk food and cigarettes. seems like an amazing invasion of privacy. judge napolitano: is an invasion of privacy. if you go to target or macy's and make a purchase with your visa and target or macy's informs someone you made that purchase they're supposed to get your permission. they don't always do that and candidly when the request comes in for permission we usually throw it out. silence is the same as giving

permission. charles: is it really? judge napolitano: it should be the other way around the silence is the same as -- charles: ask my permission and i don't respond they say that is a yes. judge napolitano: target, would sell hackensack university medical center, the goods and things you purchase that target would then go to your position at hackensack, we both know the institution and you are a physician at hackensack the next time she or he sees you, i see about this or that or you are into this or that, if my physician said that to me -- that are are a million physicians in this country. i don't want one that is buying on the. before looking out for since we can't look out for ourselves. is there some way to charge more for their services if we take

risky behavior? judge napolitano: the hospitals that are doing this. charles: it is va or pennsylvania. judge napolitano: hospitals that are doing that i guess believe there is some benefit to them by alerting their patients or potential patients, held for indicators. hospitals make money. charles: they want us to be sick, not health. judge napolitano: this is stewart's big bag, the attitude about privacy is so weak, so tepid, we take for granted private entities as well as government following what the government is doing can gather this information about this, if they can use it to the good they can use it to the bad. charles: no push back from the public. no one is ever outraged. judge napolitano: i am one of few people who would be so outraged at my physician if he told what i bought at heart or macy's i would get another --

charles: what people always say is what do you have to hide? that shocks me. that has nothing to do -- it is about a right to keep your information personal and private, about the rights be left alone. judge napolitano: from the spying eyes of big government or big business, either one. charles: what they started in europe, google is starting to check people off when they want to be left alone. judge napolitano: that is because of the european commission. there is a right to be forgotten. we don't have that right here yet. the wall street journal -- would like to be forgotten. >> sets a terrible precedent. we've got to editorialize on it. i have no problem voluntarily getting my information to a private company. because i choose that. charles: let's shift gears. hyundai, offering a car that can detect cameras or slow your car down, the judge, you are still here but after the break, fraud

for and gamble has a new at out and they want you to stop using like a girl in an insulting way. mary kissel doesn't like it. response is next as well. >> show me what it looks like to fight like a girl. now for a like a girl. t like a . . . . . ♪

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charles: hyundai's latest luxury sedan, detects those pesky speed trap cameras and slows the car for you so you don't get a ticket. judge andrew napolitano is here. they make a lot of money off of these speed traps. how long before the litigation starts to pour in? judge napolitano: in the state of connecticut this device would be illegal. the car would not be registeredable in connecticut would be the owner's burden to remove it because there's a statute that prohibits the use of these devices that tell you. theoretically the purpose of the police monitoring the highway is to keep some safe but as a practical matter, the police

monitoring the highly increases revenue of the local governments and local governments will hate this even though it obviously will keep us safe. you have the ability to turn it off but it is nice to be worn, reminded. for your own safety. and the safety of the others. charles: there are times the police will visibly plata sedan out there to let us slow down. not to bust anyone. judge napolitano: that is an effective and constitutional mechanism for law enforcement. the placement of the sedan with an officer in it will slow people down. doesn't cost anybody money. anyone who doesn't slow down when the cop is right there deserves to be stopped. charles: or lives in new jersey. i always think of smokey and the bandit. there are some municipalities that need the cash. they need the money. they spend more than they take in. they needed and will go after this car. judge napolitano: they will get legislation by the state

legislature to make the car is illegal on roads and municipalities would not have the authority to do that because it interferes with interstate commerce. charles: new campaign from procter and gamble will get people to stop saying like a girl as the nin new throw like girl. >> is that a good thing or bad thing? somebody says you hit like a girl what does that mean? >> when did we become so hypersensitive and politically correct? all these liberal professors on college campuses you can say certain things because it will offend somebody or new trigger warnings coming out on books. but up, ladies and somebody says you throw like a girl -- people can say all sorts of things to you but this campaign to outlaw

certain phrases and words is ridiculous. charles: how about this angle? it is one thing to say i don't care what clinton, women or any adult thinks about girls. what about the idea that girls need help with themselves? >> girl gets all sorts of help. there are all sorts of soft quotes for women in ceos -- charles: as you are growing up the notion that you are the weaker sex begins when you are young. >> they are the weaker sex. let's be honest. charles: when it comes to intelligence? are they always the weaker sex? >> men and women have different attributes. that celebrate them. the idea we have to litigate or shame people into not saying certain things, it is a dangerous precedent. >> the goal of the progress of to create a new right not to be offended there is no such right.

>> it is good for you to be offended. the real world as a pretty rough and tumble place and you got to deal with people you don't like every day. charles: you debate like a girl. thanks a lot. judge napolitano: she is announcing you, charles. charles: billing congress offering $1 million as a reward if you can recover lois lerner's loss e-mails. the story with grover norquist next.

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this, and definitely this. and that means this, so if you're looking to buy a car, don't wait because the savings have already begun. just make sure before you buy to go to truecar.com or use the truecar app for guaranteed savings. happy fourth of july. >> dupont. getting hammered this morning. a different story out of keurig green mountain. i like this stock a lot. a congressman from texas.

they are pushing a new bill. $1000 reward on anyone that can recover lois lerner's lost e-mails. their plan, cut the pay of all irs employees until the e-mails are recovered. here is the congressman on fox. >> we know those e-mails are out there. we know that they can be found. we reduce everybody's salary and the irs 20% until the e-mails are produced. charles: "varney & company" we had a security professional. >> if you look at most of the technology out there, it is very easy to do. charles: the buildings congressman are pushing. it is a political stunt.

>> it is not credible that they cannot find the e-mails. it is not just lois lerner's e-mails that we are looking for. the department of justice. the fb i. did she e-mail with the white house? we do not know. there is a pattern with this administration of eight touring. tom perez did it. basically, manipulating the supreme court stopped. good for the republicans for pushing that. charles: a huge loss for america. when they do show up, there is a lot of display. absolutely amazing. chuck grassley may have been in lois lerner's fault at one point. not sure how this happened. there is an organizer of an

event. "perhaps we should refer it to them." grassley never accepted the offer. lois that he was guilty and suggested him for audit. >> in washington, d.c., auditing and harassing tea party groups around the country, that is one thing. going after a sitting senator, that is stupid. it is also really criminal. there is no reason to audit. we do know that she behaved that way at other times. the irs passed on this. audited every year between when they lost in 60 and one in 68. every single year. the irs has been used by politicians to go after people.

that really needs to stop. charles: willing to do this to a senator. is there some sort of implication that she has been given the green light. someone has my back and i can do anything i want. >> the administration, obama, the justice department, they have had her back. they have defended everything she has done. charles: you say it was stupid, but there are no ramifications. who believes that these e-mails are lost. really? it is contemptuous of everything the country stands for. >> it is. go and vote in november and defeat democratic senate and house candidates who will not participate in forcing these subpoenas. until people lose elections over

this, it does not stop. charles: i want to change course a little bit. talk in d.c. right now adding $0.12 to the gallon. it has been a long time. maybe it is due. >> a highlight fund in washington, d.c. we already built the highway system. eisenhower did it. let's let the states steeled their own money. even if washington was doing it, why didn't we think about raising taxes? op over what you would pay in the market. it makes it overspend. why would we raise taxes to cover their mistake? they take a good chunk of that and it does not go to the road that you think you are paying

for. it goes to pay pensions. charles: i think we all kind of remember that. >> yes. 800 billion. charles: thanks a lot, grover. we really appreciate it. we need to do a little talk about the world cup. espn, it actually crashed. an invitation for netflix. do not worry. there will be no more of this. stuart: here comes the world cup. it is the best world cup. world cup fever. thanks to this great world cup. the world continues to deliver tanks to the world cup. stock prices moving up due to the world cup. ♪ but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs.

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to fit your business needs.d nog dozens of tax-free zones where businesses pay no taxes for ten years. become the next business to discover the new new york. [ male announcer ] see if your business qualifies. ♪ charles: a little twist on the business brief. i will try to make you some money. i have why rc worldwide. you see the trucks on the highway all the time. last week, you remember fedex reported their numbers. they had their freight line. working on the internet. how do they get it to your house? one of the biggest names in the

space. a lot of legal issues. a lot of issues with the union. i hope this is over. take a look at the chart. looking for the stock. at 27.95. this could be a 35, a.b. $36 stock. ♪ along with support, chantix (varenicline) is proven to help people quit smoking. it's a non-nicotine pill. chantix reduced the urge for me to smoke. it actually caught me by surprise. some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these, stop chantix and call your doctor right away. tell your doctor about any history of mental health problems, which could get worse while taking chantix. don't take chantix if you've had a serious allergic or skin reaction to it. if you develop these, stop chantix and see your doctor right away as some could be life threatening. tell your doctor if you have a history of heart or blood vessel problems, or if you develop new

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>> why don't you explain a little bit about how this goes. how many points do you get for putting the ball in the net? >> this will be a steep learning curve for you. >> what is the americans coach? no, no, the americans coach. charles: that was during yesterday's world cup viewing party down in d.c. a lot of you actually appreciated this joke. just give rich a beer or two. the walls become a lot easier to understand. thank you for the laugh. fox would be the first that didn't understand the game. [laughter] charles: it is pretty clear that rich was just joking around.

stuart is not the only one. espn. streaming that game. it crashed yesterday afternoon. too much demand. >> i do not know. i think that netflix is in the wrong when it comes to streaming. if you do not do that, you will not get it as fast as you want it. charles: aren't cable operators getting it double ways? >> you want to watch world cup soccer and you want to watch it quickly on your device. it is where the courts say it will go. absolutely. if we all want to watch the world cup at the same time, we

are going to be willing to pay for it. we will want to watch the service at that speed. charles: that is double dipping. that is what the cable guys want. double dipping. returning to the market today. we had the ceo joining us now from nasdaq. congratulations on the ipo today. >> thank you, charles. it is nice to be here. i was in the stock when it was taken over a few years ago. what happens when this is paid out? is there something wrong with that? the insiders make money. the private equities make money.

>> i do not think that that is the case here. what happened in the past couple years is we strengthened our foundation. a lot of great things in those 40 years. we have really strengthened capabilities. in fact, it is almost one of the best in retail in general. we have built a huge customer database that will allow us great things in the future. we have upgraded our supply chain. we are happy to be back in the public market. we believe michael's best days are ahead of us. there are more really great things ahead. charles: wall street that it would trade around 17 and 19. how do you feel thus far?

what is the last blogger response to your ipo marketing today? what do you think people are more worried about? >> i think generally the retail department has been a little bit shaky. the best margins. the best cash flow. a great foundation to build on. great opportunities ahead. investors over time we will see this over at michael's. once again, congratulations. charles: thousands of central

americans illegally crossing the border. they and in cities all across the country. a major public health crisis. we will go to arizona next. ♪ are the largest targets in the world, for every hacker, crook and nuisance in the world. but systems policed by hp's cyber security team are constantly monitored for threats. outside and in. that's why hp reports and helps neutralize more intrusions than anyone... in the world. if hp security solutions can help keep the world's largest organizations safe, they can keep yours safe, too. make it matter.

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charles: our next guest says the public health crisis is unlike anything she has ever seen before. that is because there is a flood of immigrants crossing our border. that is a very strong and frightening thing. >> well, charles, it is a pleasure to be with you today. i do think that it is very serious. a massive increase from average of 5000. plus, the places that have illegal immigrants coming from them are now an entirely different constellation of potential disease risk. central america, north and south america. agents have told me they have identified in texas. immigrants in somalia. we are looking at diseases that

are common to those areas. charles: can you give us an example of some of these diseases? >> well, we have pretty much controlled most of them. more serious widespread in central america. peru and ecuador, for example. we are really looking at a massive increase in drug-resistant tuberculosis. it is here, but not the disease. we have the kissing bug, but not the disease. more common in the area of somalia. 75% of the current wave of illegal immigrants are from

countries other than mexico. charles: we have 30 seconds. if you can help us understand, illustrate what would happen. maybe a timeframe. a distraught manner. >> it can vary from days to weeks. we will not know about it for a while longer. swine flu has already been confirmed in texas. these diseases spread exponentially in the population. it is not like other situations. chemical weapons that the cake in that environment. they decrease as long as there are susceptible people to in fact. they are spreading the risk.

they have not been adequately screened. charles: we really appreciate it. this is a side of the story that does not get articulated enough. >> thank you very much. charles: president obama says -- there is an app that lets you auction off your parking space. the outspoken ceo, he will join us next. the second hour will start in two minutes. ♪ i saw mdoctor. a blood test showed it was low testosterone, not age. we talked about axiron the onlynderarm low t treaent that can restore t vels to normal in about two weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especlly those who are or who may become pregnant, and children should avoidt where axirons applied as unexpected signs

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what advice does our money manager have? the man who wrote the book. talking about billions of dollars. it looks like a deal with google. big money. that is what we are talking about and a lot more. the second hour starts right now. ♪ charles: it is working. twenty-tnts.ck. yields down as well as 2.6%. gold is trying to hang in there. still above 1300. higher profits last night. that stock goes up.

let's stay on the market. harry, economic contraction. more than we thought it would sr position. >> i am, charles. we have artificial recovery. a lot of stock buybacks. the earnings are not as strong. the economy is not as strong. the stock market does not care. the fed has basically rigged this market. bonds since late 2012. stocks are the only game left in town. you cannot get yields anywhere else.

we are getting right near the 17,000 number on the dow. we are edging up at about 1%. everybody is in. nobody is selling. charles: what happened to the great bond rotation? that still has not happened. could that be the next leg? >> not from what we see. it is slowing down. we are not seeing, the market is going up. most people will be in stocks. this market has gone up with almost no correction now. the longest. in years. even will be good good and bad news on gdp or iraq or ukraine, the market does not go down. investors do not think that the

fed will let it go down. charles: it used to be 85 billion. they are taking 45 billion a month. that is not really how it works. >> they are injecting money into financial systems. that creates liquidity that will recover the reserves for all the bad loans. they turned around and reinvest at higher yields. they are pushing long-term rates as low as possible to force people to invest in risk assets. stocks are the only thing left. commodities and bonds are no longer going up. i tell people, and do not buy this date. we have a china bubble getting

ready to burst. i was the only one that caught with that. we had a slowing economy that everyone is ignoring. charles: the fed would not be able to justify their actions. on the other hand, maybe their mission will be complete. >> first of all, we are not in a launch velocity. it will only have the fed did. they are tapering and they do not want to look like they suddenly reversed every time there is a change in the economy. inflation fell to 1%. now it is over 2% again. inflation is a late stage kind of factor.

a slowing economy over the next several months. it makes it hard for the fed to come in and stimulate. i think they are giving boxed in here. >> you talked about the fed. you talked about inflation. i know that this is proprietary stuff. is it something that yellen says and does? is it simply a number on the major indices. >> inflation keeps stepping up. that is bad. we only had one good month out of many just recently. we created the last. that is a stream level. i think china has the greatest bubble in the world. it is showing cracks.

when that blows, there is nothing the fed can do. that will set off a chain. chinese are the biggest buyers. germany will disappoint. any country in the world for the next eight years. steeper than japan's downturn. i was the only one that saw that coming. charles: you pat yourself on the back a few times. eventually we have crashes. was it worth it? just real quick. >> no, it is not. we keep edging up over the next few months. it breaks 1800.

this is over. thank you very much. have a great weekend. date to forgo pro. let's go to ashley webster down at the new york stock exchange. >> backed off just a little bit. ceo and founder back in 2000 for surfing away. i have to make a camera to capture this feeling. he sold seashell necklaces. you have to love it. ashley, thanks a lot. i really appreciate it. buyers pushing the yield. larry levin is in chicago. the bond yield consistently

stays under this sort of pressure. >> anything that you talk about, this is a fed driven situation. investors know that they can buy the stock rk. continuing to keep deals down. this market and really the economy altogether will be in trouble. obviously, that is not happening. we all know what is found here. they know what the fed is up to. it makes it really easy to do the trade. somehow a trapdoor opens up. how do you prepare for something like that? >> they have to be protect it.

i would suggest that everybody be protected. you never know. it is the stuff that we do not know about. charles: larry, have a great weekend. >> you, too. thank you. charles: roll this. >> the fast and fears program. everyone knows that the president did not know about this tactic until he heard about it through the media.

>> i think it was on friday. >> no knowledge. charles: we have scotty hughes here with us. the president cannot keep the story write about any of this. >> most people get their news -- >> what if he doesn't. >> so disingenuous. i don't know. a bonehead person in the government did it or it did not happen at all. a pretty weak excuse. >> it is pretty weak. i guarantee, they would not be doing well on your leaderboard

right now. charles: here is the thing. i know the president's poll numbers are going down. it does not seem like it is affecting the administration, their way of thinking or the public. >> we keep looking for and a impeachable thing. that is what i am hoping happens the next few years. >> i will get back to you. i want to talk about this other thing. we call it the sharing economy. we have the ceo. he will come and talk about this. next. ♪

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charles: what we call ali baba. the chinese amazon. remember that yahoo! is a shareholder. shares are up $0.80.

also, let's take a look at tesla. there is a big fight over the results of this week's primary. still not conceding. roll it. >> we thought we had a dream. the dream is still with us. we have fought too long. we have fought too hard to have a voice in this party. today, its movement took a backseat to liberal democrats in the state of mississippi. the most conservative states in the republic this happened. if it can happen here, it can happen anywhere. that is why we will never stop

fighting. charles: scotty, you are a big mcdaniel supporter. >> here is the number one thing we need to look at. this is the same thing. they said if these democrats came over and voted, that is how he got elected. in this case, what you have is that conference. there are sliders. robo calls that were targeted. literally those that voted to cross over. this is a bad trend to set. we need to stop this now. >> really shocking. a big role in this. some of the flyers that i saw and some of the buzzwords that

they used, do not be intimidated. really hot button stuff. it is hard to believe that it happened. >> it is. >> more people voted last tuesday then they did on the june 3 primary. the majority of them saw 50% increase. a very urban black african american. >> ultimately, to win a national election, you may want to get some blacks to vote for you. some mexicans to vote for you. they have to retool their message to attract all americans. >> there are others around the country. a wonderful man.

attractive to all groups. charles: they may be able to pin a label on them that works. this is why i think the majority are supporting. we need someone that stands up for it. you know what, fine. i want the mississippi state legislature to pass the rules. charles: i do not know if he is in the position for making demands. at some point, he will have to add knowledge defeat.

you on the republican side have to find a way to mend the fences. charles: a new app out. it allows users to make money by selling their parking spaces when they are done with them. the city of san francisco is trying to shut them down. it is an interesting concept. i guess that there are pros and cons to it. >> yes. can you hear me? charles: yes, sir. >> i think there is a miss understanding of what we are trying to do. everyone is complaining about selling the public space.

we are providing all the information. that is something different than dealing with the public parking space. we are connecting drivers. providing volume. they provide the information that they need. they can make some money just by notifying the drivers that are looking for parking. charles: right. i am a big fan of disruptive technology. if i see someone get in the car and i think they are pulling out, anyone who comes up, i am not moving.

>> even because a few months ago. everyone is complaining about the theory behind this. they are forgetting the mission. i think it is a common mission. you will pay on the issue. basically, you would not get a user of information. nobody will be paying. >> maybe there is a happy medium there. we will have you back after there is a decision made.

thank you. appreciate it. charles: we spend billions of dollars a year on vodka. the man who wrote the book on it all is here. ♪ ♪

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charles: this brings us to our next guest. he wrote the books on vodka. that was last year alone. more than any other hard liquor. we have the author of vodka. the spirit conquered america. i never knew vodka was this big. for some reason, i thought tequila and whiskey. >> it is because it is precisely flavorless, colorless and odorless. that sort of happened after 1934. people were less interested in

flavors. you can imagine if you are 18 years old. when it ended, you just wanted to get out there and have that feeling. they saw that change in the bar scene. charles: fast-forward now. we do have all of these flavored alcohols. we do know that tequila has come on strong. we hear about whiskey sales all the time. >> absolutely. 65 million cases. i saw that the definition of vodka was set in 1949. flavorless, odorless, colorless. yesterday, we had over 1000 brands. also, 157 million gallons of vodka. charles: are you a vodka drinker? >> i drink a little bit.

>> it was like the gold rush. people were dropping what they were doing. >> it was more than one third of cocktails being made by vodka. i think it has had a great effect on vodka sales. it has no calories and no carbs. >> all of the above. 1970s. you go into a bar. you are not just ordering a vodka tonic anymore. give me an absolute and soda or something like that. it made vodka into a status symbol. you may not be able to own a

bentley and live the lifestyle otherwise. at least you can drink the same. charles: one of those big jugs of grey goose. >> correct. the most popular vodka in las vegas. grey goose. charles: over there, it is an epidemic. you mentioned all of the great reasons. could it be to good to be true? >> not in this country. people will always continue loving it. charles: is it abused or anything like that? >> i think it is a broader subject.

we know what we are talking about here. craft distillers and some of the higher end companies, they want you now to try to drink vodka. it does have flavor. do not mix it with anything. >> companies are now getting involved. charles: the nba draft. instant billionaires. after the break, we have the guys that manage money. >> the first pick in the 2014th nba draft, the cleveland cavaliers suggest andrew wiggins. [cheering and applause] ♪

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owner mountain moving hire. they like it. it became public again and now trading at the low end of the estimates. now let's move on to sports. the nba draft last night, univ.

of kansas player andrew wiggins going to the cleveland cavaliers as overall first-round pick. weiner you manage money for a lot of wealthy athletes. a player like andrew wiggins. how do you get into hold on to their money? >> they don't necessarily have to hold onto it but just spend it wisely and realize if they manage their money right it should double. i was part of the nba financial literacy program. the subject ever since we did our story that broke on espn the subject is out there, programs in the nba does the best job but way they go astray, not only spending but they spend too muc equity venture capital and i tell everybody none of that until you have $3 million the way after taxes. charles: the person and made the most money in the world, a private equity kind of guy, don't do that. what should they do instead? >> not saying don't do that

david tepper is explosive. stuart: when i look at shawn kemp, allen iverson, they have taken so much money and gone through their literacy program. >> the programs weren't there at that time. it is better now. the nba has improved tremendously. the nhl hasn't, major league baseball, the nba are doing a good job. charles: is the biggest obstacle peer pressure? lot of kids are for and never had money before. >> a lot of them is the agents. agents takeover and say we will take care of everything and they don't have any ability to do that so as a result to make a point clear i tell people learn, educate, these are not dummies. these kids can learn a few craft the message right and that is will we do. we do good job giving them their basic understanding of portfolio management. >> do they distrust you? do they sit down and study the numbers or call you? >> great question. we are not investing in the

stocks but we won't take a client unless they're well-educated. unless we have given them good information and a land we won't do anything. we haven't invested a penny because he hasn't learned enough. >> you have 100% success but what about these guys with no -- >> i was a clear the financial literacy person so i will talk about different teams, educating and teaching them and we did a pretty good job. charles: obviously, you have held the lot of people and we appreciate your time this morning. the last minute trips -- you sign on at 9:00 a.m. take a hotel room for is that night with a major discount prices. now the company has made it even easier, they parted with google. gerry simmons is the ceo and he is here to talk to us. tell us how it works. in a meeting this morning i never heard of this and i love the already. >> 11 more the first time you use it.

it is incredible. every day at 9:00 a.m. local time, 400 cities around the world you can check out the best deals for hotels for tonight so if you find yourself in need of a hotel or find a hotel might be nice for tonight you can get a great deal honestly hotel and it takes ten second then you can walk up to the hotel and check in. charles: seems to me -- i don't know how you stop rivals for coming in because obviously if the day goes by in that hotel room that is not rented out that is lost revenue the hotel can never get back again so you have a captive audience and me as a traveler obviously i want the lowest rates but how do you protect your turf? >> for us it is all about focus. we are the only apps, the only service in the world that is focused exclusively on this last minute use case so we can offer hotels a really simple model. it is really tailored for just this use and for real time dynamics in the market and for

consumers it makes the process -- three cavs and this light in and out of the hotel, nothing easier in the world and that is how we maintain our dominance over this segment. charles: you also have a deal with google? >> we do a lot with google. we have apps build for android phones and android tablets and we incorporated a lot of great google technology into our apps. what is really exciting this week is we have a demoed at the google conference in san francisco, we were demoing the first of its kind peerless entry into a hotel so you can book a hotel tonight engine ten seconds you walk to the hotel and hold your phone in front of the door and you are into your room so it is the easiest it has ever been to book a hotel. charles: i wish i had heard about you a couple trips ago. we would like to have you on. we talk about all the apps we talk about, this is one everyone agrees they like it and probably

will use it so we appreciate it and continued success. >> i really appreciate it, thanks. charles: a billionaire -- how do you pronounce it? hollywood? this guy is very rich. warning his rich friends pitchforks are coming out because there will be a revolution against the 1%. he is forcing a lot of things and says it is right around the corner. we will discuss it next. ♪

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it saved us so much money i was kind of looking around like... this is too good to be true. it was that good. saving you time and money is what we're all about. so when you're ready to buy a car, visit truecar. charles: lots of news out today in your business brief. the best place to buy an iphone is walmart, $99 and the price of an iphone, $29. the only catch is you have to sign up with at&t, sprint or verizon. let's check shares of apple up $0.99 at $99.49. uber providing free weddings to couples and san francisco in celebration of pride week. it works like this. open an era when on june 28th between noon and 6:00 p.m. choose the uber wedding option

and if it is the successor will be on route within 45 to 60 minutes with a notary. champagne -- couldn't get easier than that. coming of the real halftime report, we will talk about the big ipos whether they are good or bad.

when folks think about what they get from alaska, they 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. charles: time for the real halftime report. ashley webster at the stock exchange, scotty fuse and ed

butowksi. two different stories. go pro on one hand and michael on the other. let's go to you first. in both of these cases the private equity and insiders dumped a lot of stock and investors don't care and the other was an honor. >> i don't think that is natural. privately guys and insiders are the ones that take all the risk for this. is not the little guy. the market is stacked against little guys but private equity deals, and these guys are the ones who deserve to cash out first. i don't have a problem with this. charles: go pro stock has gone straight up. >> the only way to buy gold ferro is if you believe that company will grow 30% year. right now is selling at 215 at $25.30. sell that stock. there are barriers to entry into that market, almost nothing and

i just bought go off-road equipment. it cost me a lot. more competition will come in. earnings will decelerate. it will be a seller of gold rally immediately. charles: 2 million people watching on youtube driving stock up. let's talk about housing. a new harvard says millennials are about to take the housing market to another level. do you see the housing boom coming? >> don't know where they will get the money from so i don't know what level that is. higher or lower i have no idea. charles: the loser today, chief executive retiring. what is going on? ashley: a rough day for they gee, down 7-1/4%. and he is 60 years old and will retire by the end of may unless they can find someone before that time. he has been ceo for six years. we are down 2.6% and these numbers will not help that. charles: it must be flattering

when a stock goes down when you say you are retiring. someone who is not retiring is marissa meyer. you are a big fan of hers but a lot of bad press this week. >> if i am a shareholder on holds the stock at $15 a year ago, $34 today. clientele herds to sleep the rest of the year. she slept through a meeting in europe and miss the big meeting with advertisers lucy e os are judged on job performance. she has done well. this is much ado about nothing. charles: she stepped out of her ceo role to take a wider role, women can be leaders and we were indestructible but she may be a working woman. you are a working mom, any sympathy? >> i have sympathy but sympathy won't get you anywhere in business. he had to make this decision for herself. it is not a bad idea and most women have the same cross in a row. date she made a decision.

charles: falling asleep and missing important meetings, fair or unfair? >> it is fair. is a man's world. if women try to survive we need to be at the same pace. i expect them to criticize the men if they fall asleep. charles: 1 billionaire saying income inequality keeps rising you will be a revolution. is this as bad as it is going to be? do you think there could be a revolution? >> there won't be a revolution but the divisiveness between the rich and the people who aren't rich seems to be the calling card for the democrats lose that might happen because they have nothing else to run on. can't run on the economy or anything except some inequality. be ready because over the next 18 months we will see a lot of this. charles: no doubt politicians are fanning the flames but i tell you, median income is below 1989 levels liz doesn't matter what political party are in if your income is going down you are passed off. >> you are.

you are upset at the establishment. you vote in the other guys, the other guys have done it just as well since 2000 we have seen this growing income inequality. it truly is a problem and when a problem starts in d.c. these guys have no tax plan, no immigration plan, no energy plan because they all hate each other and that is what is killing the middle-class. of the corps really is the real thing here is if we had a policy that lifted the entire economy this would be a moot point. >> it is all about messaging. democrat still much better job showing the issue, republicans like numbers but it is all about how we feel about how bad this economy is. charles: as of political operative kind of person how do you get the public to calm down and focus on the real issues, not someone else who is successful but the policies:you back. >> you have to tell the story and show examples. we need to tell the story of how america is hurting and how deals to put food on our table, where three jobs for health care and most importantly i majority of

us. our insurance. charles: that is today's real halftime report. we thank you one and all. after the break environmental hypocrisy at its best. the feds will allow wind turbines to kill protected golden eagles. a horrifying story. we have for you after this.

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charles: the fish and wildlife department issuing of a first perimeter around a california wind power plant accidentally killed golden eagles. employer the permit the facility would be able to collected five boldly eagles over a five year period without incurring any fines. where is the outcry from the environmentalists, from everyone on the left? this is crazy. >> this shows the hypocrisy of the entire movement. the mighty dollar wins. looking at last year the wind industry actually the cause of more deaths to animals than the oil industry and considering when you look at that, and the green energy, and thousands of birds to die. we go to jail as we get caught with illegal vendors or $250,000 in jail finds if we kill any allow ourselves but all in the name of green they get to go for free for 30 years.

charles: we know who has all the power in this country. your parents helping their kids pay for colleges. news survey saying 77% of parents are planning to chip in but that is down from 81% year ago. they are more worried about their own expenses. you got kids. what do you think of this? >> the cost of tuition has to take its toll. median income is going down. it is not necessarily to be a tough parent but because they have to. in an age when obama will save all and a safety net of everything, don't worry, the federal government will take it away. charles: are you going to help your kids out? >> i recall them. charles: they will have this recording. >> it is a great place to go, the u.s. military that is your last option. before the center for disease control actually change now they're changing the definition of what a heavy drinker is. if you drink 14 grimsley can you are man you are a heavy drinker.

if you are a woman all you need is eight drexel with -- a week for the federal government to classify u.s. heavy drinker. if you have a couple glasses of wine a day you are slosh. >> this is effective because of obamacare. if they put you in a heavy drinker category that means you will pay more premiums. this is how they knew they would manipulate the numbers. eight drinks a week is a lot but -- a glass of wine a day. the majority of americans might have it with dinner. this is a great option. charles: if it is so easy to drink united that limit in one day. not you personally but a person. >> not no calories. charles: more varney next.

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>> i think this is a president who doesn't understand how business works or how the economy works. doesn't understand why big bureaucracies don't work. nbc news you had 54% of americans say this president can't lead the country or get the job done. charles: mary kissel responding to president obama calling all the scandals phony and describing some federal workers as bone heads and he just said this about republicans. they don't do anything except block me and call me names. it can't be that much fun. it would be more fun if they said let's do something together. >> president obama put on your big girl panties and realize life is not about fun and games, it is about accomplishing anything and if you didn't give enough material more than comedy central has to give the reason to call you names we wouldn't do it. charles: the president doesn't understand compromise. his definition of compromise is do what i want to do. in and meet anywhere near the

middle. >> we call nobody more name-calling than this administration. charles: now to risk and reward, posted at this time by cheryl casone. cheryl: a question before i let you go. i know you love this country, do you think america is losing the global innovation that? charles: no way. we are still number one. >> we are number one as i you. the reason i ask is a guest coming up in a few minutes to talk about a battle going on in america. i am cheryl casone in for dierdre bolton. co-founder of a l.l. and investment firm revolution, steve case joining me in a few minutes. he is on a road trip to find and fund entrepreneurs, you'll be joining me in a moment from national, tennessee. the ratings are in, millions of americans were watching team usa play germany yesterday and the