>> you can get anything if you work for free. >> it was a cakewalk having to be back. i was thrilled watching you on the air with everybody. >> thanks so much for joining us. time for "varney and company". stuart: good morning. billions for the border chaos but not border security. the president goes to of border state, not the border itself and goes to colorado but democrats will not meet him. financial and political mess. good morning. then there is the epa. people accused but not convicted of breaking their rules. no wonder we tried to escape, no wonder the world cup is getting bugs. germany's floor with brazil, 7-1, but despair, brazil was

shellshocked this morning on the wednesday edition of "varney and company". this is a crisis and it is on america's southern border. tens of thousands of immigrant children illegally crossing into this country. president obama refuses to address the issue head on. right now he is in colorado. connell: send a fund-raiser in denver. some top democrats in the state distancing themselves from the president by not attending the event. then he flies to dallas holding a round table discussion on the immigration crisis. governor rick perry is there. committee leaders, local elected officials will all be in this round table discussion. then he is off to two more fund-raisers in texas but he will not be making the stock at the southern border.

requested $3 billion. those funds will do nothing to fix the problem. where is the money for border security, at this does nothing to secure the border but streamlines the end of the process and does nothing to stop the flow of illegal aliens coming across the rio grande valley. stuart: watch out. mary kissel from the wall street journal editorial board is here. i think there is potential for 8 huge flood of people in the immediate future trying to get across the border while they can. do you share my worries about that? >> it is the worry when you have tens of thousands of children living in a shelter but to my mind it says we have to address the core problem which is we don't have enough legal routes for these workers to come in either permanently or tempura airily.

>> we were discussing before the show started, you are an open borders person. >> the wall street journal editorial page is always been for free flows of capital and labor. stuart: if they want to come you -- >> first hundred number did -- first and the use of our history we had open borders. stuart: if they want to come you let him in. >> we have labor shortages. don: it was 10 million people who came. you are ok with that? >> we should have a discussion about that. the thing that amazes me about native republicans is that they -- stuart: wait a minute. in this day and age a very cheap flight from latin america to the united states, you could indeed have 10 million people arrive here. >> and you don't think that the country has enough room for growth? let me answer the question. if you want to have a debate,

let me answer the question. if you want to have a debate about the cost of immigration to the welfare state than we need to talk about the welfare state. the problem with the politics on both the right and left is we view immigrants as a burden. they're not a burden to our society, they're a benefit to our society. if you want to see a country with a closed-door immigration policy look at japan. it has been sinking for 20 years. that is the future. immigrants are a benefit. i am not saying -- i am not saying we don't need to reform, the we don't need to look border security. the discussion is the wrong way round. stuart: you cannot reform immigration. in a couple months? it takes a decade and you know it. >> ed snowden not. stuart: when you can't reform welfare. >> with that added to you will never reform it. you need leaders on both sides

and the gop. stuart: are you prepared to take 10 million people who would come here very quickly? >> the journal has been -- stuart: wall street journal is prepared -- >> the journal has been writing about the benefits of immigration for hundred years. even the cbo agrees, came out with a study saying if we legalize the 11 million people who are here today we will have a $40 billion boost to the economy. if you take high school workers $100 billion and that is because they are productive members of the economy and pay taxes. stuart: no control over our borders? >> that is a straw man argument. i said that we need to reform the legal immigration and we need to look at border security. why not 20? why not 50? stuart: you would let them all in? >> america is a country of immigrants, we had open borders

the first hundred years of our history, immigrants are benefit, not a burden. stuart: i you prepared to pay? >> that is a debate about the welfare state is it is not a debate about this. if you want to have a debate about the cost of immigrants to public education -- i did this answers the question. stuart: i asked a personal question. you pay federal income taxes. are you prepared for your federal income tax money to go to pay for these people coming across the border? >> to take care of the humanitarian disaster? most americans -- >> health and welfare and food -- >> you're talking public-sector programs. that is a separate issue. you are talking about the cost of public education. obamacare, if you want to talk about that, talk about that costs. bring in immigrants who are productive and want to work and still open jobs we have right now agriculture, hospitality, construction on the low end and

i t and engineering on the high end? we need these people. stuart: we see you. you going to stick around for the hour. let's get to the market. sox are bouncing back just all little. this is not a heavy duty bounce back, up 39, 40 points, $69.46. similar story with the s&p 5 and a 5 points, a fraction of 1% and gold, same-store, up just a little, $8 higher, $13.25. look at the interest rate barometer, the ten year treasury yields, a pull little bit this morning, 2.57%. historically that is up low-level. song profits of alcoa and the stock goes up close to 4%. nice bounce. how is this? world cup fever, germany/brazil game was the most discussed sports game on twitter ever. more than 35 million tweets. whereupon an upgrade. the stock is up $0.50, $37.93.

different story at the container store. they can't compete with online selling. nicole: they do have sluggish sales and credit suisse has seen to this and said it wasn't just the weather. they really are having a problem and the stock is down 8.5%. it hit a new 52 week low. it is down 47% this year. we had the ceo on the fox business network. i have been to the store and i have to tell you it's seems very well-run. however it is getting hit hard. interesting how credit suisse is keeping their outperform ratings bucking the trend of analysts and saying they believe the initiative they're putting in to revive traffic into the store, those take and hold over time so we will see if credit suisse is right on this and you have morgan stanley, jpmorgan and barkley's all cutting their

price targets. stuart: thanks very much indeed. try this for size. $100 billion. that is how much the government estimated it paid out to people who are not entitled to the credit from tax credits to medical payments. $100 billion in wasteful government spending. what does art laughter say about that? he joins us from nashville, tennessee. we will get to the immigration debate in the second. i know you were listening. >> i loved it. stuart: let's start with is $100 billion worth of government waste. we hear this all the time. time after time the government is inefficient, doesn't do things right. do you think public opinion is finally beginning to turn around and say this government is not working? are we there yet? >> i think we are there. the government has operated, the department of motor vehicles tried ago get your license renewed or any of these other agencies they are not spending their own money and they don't

really care about the why you want private operations in all these cases and it is a tragedy and i think america will literally move back and move towards less government which is the right way to go. stuart: let's get to the immigration story. that is what everyone is waiting for. let me state my position as an emotionally as i can. i want to legalize all those who are already here. i do not wish to encourage a massive inflow of fresh people walking across the border and i don't want to pay for immigrants when they walk across the border. mary kissel says it is a good thing, a plus for the economy. >> two things going on, government programs are being operated on the border, a whole welfare state and then you have the david ricardo gains in trade. mary kissel is completely

correct arguing that -- stuart varney increase gdp enormously, we benefited from the man's we should allow them to come in and be here. that is true, but what you have is a problem of welfare. what you don't want to do is turn every immigrant into a welfare seeker. that is what you don't want. the welfare system needs to be addressed directly because it is not just immigrants that miss use the welfare system. is everyone else as well so it is not just an immigrant issue, it is a welfare issue and i love the way you -- >> he agrees with me so we cut him off. he was just reiterating my argument. stuart: art laughter just brought peace to "varney and company". we can't get his signal back. i wish we could but we will keep trying. look at this poll, 66% of financial advisers believe republicans will gain control of the senate at the election in november. i got to -- that is wishful

thinking. financial advisor is hope republicans take control so we will get a big tax cut, an end welfare society. >> won't get a tax cut with president obama in office. if republicans take over the senate what you will get is stasis so businesses would know for two more years they won't have big new regulations or taxes or at ons to obamacare, that is great. unfortunately if the gop cannot manage to stand up and kill the export/import bank, the epitome of crony capitalism which they can do by writing and expire at the end of september, what do they stand for? what do they stand for? can they win? do they want to lose in november? stuart: remains to be seen whether they stand for open borders with the you going to stay with us in the next bidder 48 minutes? it will be fun. after the break an early

investor in amazon, very wealthy guy is delivering a message for his fellow superrich people. he says watch out, the pitchforks are coming. a revolution by the dispossessed. he will be here to explain in a moment.

stuart: a bounceback that doesn't add up to a levines, we are 20 points, 1695. citigroup close to a $7 billion deal to settle with the justice department over allegations that it sold shoddy mortgages in the run-up to the financial crisis. the stock is down $0.09. an entrepreneur and early investor in amazon is a self-proclaimed member of the superrich. he has issued a warning about the growing gap between the rich and poor, he should that warning to his fellow multimillionaire's. he says, quote, if we don't do something to fix the growing

inequities in this economy that pitchforks will come for us. no society can sustain this kind of rising inequality. welcome to the program. >> thank you. stuart: congratulations on being one of the superrich, early investor in amazon. obviously a good move. most people on the left there's this understanding the rich are getting richer and the poor are getting poorer, the inequality is right there. the left says tax the rich, take it off of them and give it to this group, the 99% or the middle class or the board. you take it off them, that is how you reduce inequality. where do you stand on that argument? >> let me start by saying i'm a vigorous capitalist. i helped start or start myself almost 35 companies across a range of industries and i believe capitalism is the greatest social technology of

reinvented to create prosperity. and in the quality is an intrinsic part of that. the problem is not the we have any quality but that it is getting worse every day. guys like me use that 8% national income. today is in the low 20%. 37% and there are a bunch of things we could do to do it. i have been an advocate of raising the minimum wage. one of the stupidest things i think in our economy is giant corporations making huge profits and paying workers so little that they -- people like me to pay for food stamps and rent assistance and medicaid. raise the minimum wage. a broad variety of things. absolutely. i think it is an abomination that people like me pay taxes at 50% the rate that working people do. stuart: i am a well-paid guys. >> not like me.

stuart: right now i pay more of than half my income in federal, state in taxes. >> you are not rich. you are not rich. i am rich. and people like me, people who are truly rich don't pay 39%. we pay 20% or less. stuart: you want a wealth tax. >> not a wealth tax. i am not in favor of that. i think people are truly rich should pay taxes at a rate equal to greater than working people. stuart: where is the cut off? where is the truly rich? >> income above $2 million a year or something like that. stuart: on income over $2 million a year y $2 million a year you would be -- >> raise taxes, i would raise -- i would raise taxes on all income above a couple million

dollars to the same rate people who pay. stuart: define make more than $2 million i am already paying more and half my income in federal income taxes and you would -- >> you wouldn't pay any more. if you are already doing that -- again, you are not rich. you may think you are rich but you are not. i am richer. it will make $100 million a year ì2 mil stuart: do you think by raising taxes on rich people you would encourage economic growth? >> there is absolutely no correlation between how much taxes rich people pay and economic growth. it is an idiotic concede. rich people like me can afford to pay at fair tax rates. our problem is generating growth in the middle class. the capitalist economy, the growth in capitalist economy depends on a thriving

middle-class. a thriving middle-class is the source of growth and prosperity. it is not a consequence of it. stuart: by taxing the rich? >> by investing in it. not like raising taxes on people creates growth, but tax revenue enables you to make investments in the middle class. when i went to college it cost $200 a quarter to go to world wthass public university. today it costs $15,000. who is to blame for that? connell: what is it not the colleges themselves? >> no. this simple truth is the costs of doing college are not much higher than they were is then. we used to call that a public good and people pay taxes to support it and today they did not and now we are saddling our young people with that they can't afford -- stuart: we got to continue this

later because you come against a thard break. you got to go to a commercial and pay the bills. it is a good discussion and we are open to it. please come back. 20 seconds to make a point. >> with respect to economically literate he wants to raise the minimum wage and throw poor people out of work, to tax the wealthy who are job creators, what he is proposing to do will destroy jobs in america, he wants to redistribute the pie. stuart: it is fun to have people who disagree with me on this program and it is kind of fuhe c the won the world cup. wait for this. author ed klein, hillary wthinton's people call him the most despicable man in the world. he was on the show yesterday. response s oom facebook and twitter is next. what a show. latte or au lait?

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book off of the new york best selling list. stuart: that was part of "blood feud" author ed klein. ed klein has always been a valued pass on this show. anyone tried to sell their book should not be a guest. mr. klein is despicable. ed is a low mediocre hack trying to cling onto his career by not naming names. to his credit, he stands behind sources and has never been sued for libel. he came on the program and said he believes there is validity of the claims. as always, we appreciate your

comments and feedback one of those days. big yankee fan that fell asleep at a nationally televised game, and we made fun of him, he is suing for $10 million. many of you had some very harsh, even cruel, words as a response to the story. i we mean to people that are overweight, and, if so, why? the world cup. a disaster showing by brazil. germany beat them 7-1. a national embarrassment. total devastation. i have never received a world cup match like that before. i was expecting riots to break out on the street. it did not happen.

>> at least there were points scored in this game. stuart, i know that you love soccer. what a snoozer of a sport. >> at least this one had some action and it. stuart: are you going to be watching the semi final this afternoon? >> i have to work. stuart: you have a tv that i have deadlines. i do encourage you to read that editorial. essentially for the economics of immigration. stuart: now this. forget due process. now, the epa wants to punish you

before you are even proven guilty. the judge on that next. ♪ [ male announcer ] identity theft ...

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stuart: said goods to 10 years in prison for corruption of bribery. ten years in prison. now this. a record number of people on welfare. the "wall street journal" editorial board, mary kissel, is still with us. >> we should go more often. stuart: getting some kind of payment. that is not welfare. >> i think it is in economic crisis. it is also a world crisis. obamacare stripping work

requirements. it will not work. ultimately, that is why we are growing. this is a tragedy. >> it is a trap. stuart: you have every incentive to keep with the handout. >> that is right. the university of chicago has an economist named stacy morgan. stuart: this president wants to even out society. >> what a hypocrite. this guy is not for. neither is the guy that started

amazon.com. stuart: look at where we are. listen to this. the epa says garnishing wages is violating the rules. here is the judge himself. judge andrew napolitano. >> constitution. you are entitled to due process which basically means a hearing. if the government says you owes it money, the government has to prove that you owe the money to a neutral hearing officer.

sometimes it is a judge and a jury. sometimes it is an administrative figure. if the epa says you owe them $75,000 because you did something that they did not authorize, they cannot take the money from you. they have to prove it in front of a neutral hearing officer. then they can dock it and then go after the 75,000. stuart: are they, perhaps, threatening to garnish your wages? >> what they would like to be able to do is say we have the ability to garnish wages. don't you even challenge this. it is equal as reprehensible as garnishing the wages without proving the dead. threatening to use powers. the only time the government can

garnish your wages or take money with review without a hearing is would you admit you owe the government the money. taxes show you owe the government 75,000. you add a did you owed it by the tax form you submitted. unless you admit to the epa, they have no right to take it without a hearing with a neutral tax officer. stuart: you broke their rules. it will take years. years and years and years of going through the court process to bring the epa to you. intimidating a thousand people. >> yes, i agree with you. there is one easy and simple way to solve this. some democrats will agree. the ones ready for reelection will. introduce a resolution of

disapproval. if they disapprove of this regulation, it is gone. stuart: by majority vote. >> there are a lot of democrats that are up for reelection. they would be crazy not to record their opposition to this. stuart: if you want to fix this problem, you have to have the republicans sweep the senate. >> who knows what harm they could do between now and the republicans that could take control of the senate next january. stuart: i will give you a quick quiz in our lifetime. raising taxes. william jefferson clinton. >> prohibited the constitution

of russia and almost all of eastern europe. not prohibited in hours. by the way, the government wanted 20 years. he was exposed to 100. the government wanted 20 anti-god 10. in the federal system, that is eight and a half. very little time off. stuart: judge, as always, welcome to the most contentious show. stuart: issue still with us? [laughter] stuart: the bbc censoring climate change deniers. that is their word. that is their word, please. much of the mainstream media celebrating fat. we have the story for you next. ♪

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stuart: garvin, the biggest loser, tell me why, nicole. nicole: the new larger iphone and how the new larger iphone could in fact be a competitor to garvin and the personal navigation devices. when you think about your car and personal navigation systems, it could prove to be a competitor in that realm. stuart: that is interesting. there is a company called google bomb. i do not know what they do. you are going to tell me. nicole: down 31% right now. they came out with their revenue. it is lower. they are in the networking hardware business. they have some customers that are notable.

the ceo, of course, saying we are disappointed in these preliminary results. you think? who am i? on a positive note, we had 84 new customers in the second quarter. stuart: you are trying hard. down 31%. okay. nicole, thank you. hillary clinton doubling down on that dead broke comment she made a few weeks ago. she and president lyndon were deeply in debt when they left the white house. mary kissel sticking with us today. [laughter] stuart: she is crying again. >> i do not think that she is doing herself any favors with this spin. she said americans no longer

believe that things will get any better no matter how hard they work. of course, hillary clinton does not understand why that is. all the taxes and red tape holding down our entrepreneurs and small-business owners. hard workers like people like you and me. people do not believe they will move up if they work hard. stuart: wait for it. there is more. the bbc announcing they will not give equal air time to climate change skeptics. rather than condemning the bbc, much of the mainstream media is cheering them on. we are joined by dan for more on this. we have outlined the story. the bbc says you do unite us. hey, you people, we will not get

as much airtime because you are a tiny i nardi. what is the reaction of the media over here? >> the liberal and supposedly useful media supporting it. huffington post saying the bbc is -- calling them anti-science french. of course, the washington post. the washington post saying the journals are getting schooled on science. you cannot tell the difference between, among the three of them. stuart: i particulate object to the word deniers. a climate change denier. essentially, linking them to the despicable people.

is that same language, is it used over here in the media here? do we in america called them deniers? >> absolutely. what the left is excellent at cleaning really offensive terms. they ping-pong them back and forth across liberal sites until they bubble up on the site. journalist read these far more then than they read anything on the right. when that happens, then they crop up. the so-called experts that they use will, television and they will drop those words as well. a very clear strategy to wake anybody that agrees with them.

stuart: i think we should have a free and open debate. i think the bbc represents the gold standard in many countries of the world for object is news broadcasting. hold on a second. i have mary kissel. mary kissel is here shaking her head. >> they are pro- obama. pro- stimulus. pro- global warming. there is nothing about the bbc. it serves the left gold. if you say it is climate change and you get to raise taxes and redistribute the money. this is ultimately all in support of greed cronyism. they sought with solyndra and they want to see it again. stuart: i have been schooled, ladies and gentlemen. mary kissel just stole the interview time. i am very sorry.

>> the same problem that we had with gps or mpr here in our country. these government-funded media -- stuart: four years ago i was taught how to write a news story it by a bbc editor. thank you very much for being with us. mary kissel, stayed there. there is 15 minutes to go. one player, lebron james, holding up the entire season. he is deciding where he wants to play. i am told that this is unprecedented. we will discuss it coming up in a moment. ♪

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for generations. remember, all medicare supplement insurance plans help cover what medicare doesn't pay. and could save you in out-of-pocket medical costs. call now to request your free decision guide. and learn more about the kinds of plans that will be here for you now -- and down the road. i have a lifetime of experience. so i know how important that is. the two lebron james. free agent. still has not decided where he is going to play next year. james is holding of the entire season. i am told that this is unprecedented. explain this to me. how one guy can hold up everyone else moving around the whole

league. >> this really has become unprecedented. lebron james has gone from the line in the center ring. everybody is waiting for him. stuart: until he decides where he is going to play, all the other players cannot decide. some come play with him, some come play on other teams. this must give the man enormous pricing power. >> it does and it doesn't. he will get roughly $20.67 billion in the next season. the roster that they surround him with. that is part of the hold up. we are looking at the rubik's cube. 1000 moving pieces trying to come into alignment.

stuart: lebron james can decide who his teammates will be. it will ultimately come down to either miami or cleveland. i do think that it will come down to winning a title. stuart: you call me varney, i will call you eldritch. thank you so much for joining us. ten seconds. >> my question is, will he play with carmelo anthony. stuart: who? >> carmelo anthony. stuart: i know. the second hour is two minutes from now. ♪

♪ stuart: what is with our government? the irs interferes with the presidential election. obamacare ruins the entire system. today obama is out raising money again. welcome, everyone. welcome to our second hour. there is that election in november. headlines right now. hey, mr. president, you want to go to the border and see what is really going on. a republican from oklahoma goes to a detention center but he is not allowed questions. he cannot talk to the children

or the staff. an unofficial that cannot visit a facility that is paid for by federal dollars. the governor is with us. why the vicious online attacks on the sleeping baseball fan? analysis from dr. keith ablow. i will give you my take on why america is tuning out our failing government. the stock hit this morning. this is a minor league bounce back. s&p 500, same story. today, a modest 4.8. check the yield on the treasury. 2.57%. up today. the container store cutting its outlook. down she goes. alcoa coming in with a strong

report. now this. north carolina takes away long-term jobless benefits and the states unemployment rate goes from 8.8% to 6.4% in a year and a half. north carolina governor joins us now. governor, that is what you did. you can't long-term benefits. you said no more. >> that is right. the biggest news, though, is the federal government. about 2.5 is now we have less than $1 billion. will free up money from businesses. the two if you drop a rate of 8.826.4 in approximately 18

months, are you saying that all of those people simply got a job or did some of them just dropped out of the workforce? >> our data is starting to tell us that people are two cops. manufacturing is coming back. especially in north carolina. we have a great quality of life. we are creating new jobs. people are taking the jobs that are being offered. in the past employers were telling us that people were not taking entry-level jobs. both you and i have taken a job that is not our dream job. we took the job that was offered. that is what is happening now.

i think it will happen. you will start seeing the same trend nationally that we are seeing in north carolina. north carolina has had the fifth highest unemployment rate in the country when i came into office. i was embarrassed. now, we see the tremendous job. people are accepting jobs. new employers are also coming in and expanding. we did tax reform at the same time. stuart: states which are business friendly, smaller government and lower taxes, a whole group of states in that group. there are other states, new jersey, new york, california, which go the opposite direction. who will be right about giving

growth and prosperity? you are obviously in that camp. do you propose that at some point, you run for presidency? >> i was there for 14 years. we want north carolina to be the role model of how to rebuild the economy. manufacturing, finance and insurance and other areas. they are all growing for the first time. we have become more business friendly. i have to compete against these. my other republican governors including rick scott and florida. we like competition. we think if we compete, we will get stronger. we will get more efficient.

we will deliver more high-quality services. stuart: thank you for being on the show today. come and see us again soon. >> thank you, stuart. stuart: the tobacco company a winner today. nicole, as always, will tell us why. nicole: that is right. moving to new highs. the idea is we have seen time and day activities in the tobacco industry. it is actually suggesting that it is in fact looking at reynolds. two by 15% of its currently owned. we have reported that reynolds is in the midst of talks to buy warlord. also in the same industry. enough to give this a nice pop up almost 3%. stuart: this is the guy that

wears the cow jacket. [laughter] stuart: what do you have for us today? a lot of people saying we pull back from 17 k. >> though market is schizophrenic. probably the worst job in the world right now for janet yellen. folks will sell that stock market off because of things getting better and maybe interest rate rises coming sooner rather than later. an impossible game to manage. we have two days of the markets down. that is front page news. that is okay. i still think, ultimately, we are in a global, central -based environment. we will slowly grind higher. i don't think we will really be out of that situation.

we can't create $800,000 at dairy queen and call that real improvement. we have to make sure that last. stuart: thank you for joining us. we will see you again soon. thanks. back to the crisis on the border. president obama is in texas. some of the republican congressman. visiting a detention center. he said he was given virtually no access to the staff or the people being held there. >> the rules are very stringent. number one, you cannot ask questions. number two, no recording devices. number three, you cannot talk to any of the staff. you cannot talk to the children. you cannot talk to the medical

personnel. if you have questions, you can send an e-mail and they will respond to you via e-mail. stuart: that is an incredible thing. he is and on. a federal official. >> the congress has the power of the purse. they have oversight if that. we need to have elected officials going in there to see what is going on. stuart: this is a cover-up. the president does not want us to see the conditions that the people are living in. >> the safety of and privacy of the individuals that are detained there. we have all sorts of problems with children being abused.

yes, we are a goodhearted nation. of course we want to help immigrants. of course we want to help children. people want to come here legally and not break laws. that is why it is necessary for them to go in there and see what is going on. stuart: he was not able to ask a few questions or record anything. if you have a question, it will be answered later by e-mail. totally unacceptable. the union guys in charge of border operators. he said he was not allowed to ask the parents anything. he could not ask them their legal status. >> because there is effectively a blanket, we have whistleblowers who are also being harassed. whistleblowers in customs saying there is a health crisis here,

too. that news is leaking out from whistleblowers. it is entirely unacceptable. it should have been stopped from the get go. stuart: well said. it has been a contentious show thus far. later in this hour, congressman. his district right on the border. openly petitioning president obama. go visit the border. the president is still not going. 12:15 p.m. a couple minutes from now. time is money. here is the job description. applicants responsible for watching films and tv. no word on the salary. a u.s. applicant need not apply. only in the uk and ireland. mercedes unveils its self driving future truck. shows the truck driving at high

speeds. mercedes is supposed to have it on the road in 2025. a long time from now. after the break, a slew of topics. first, that sleeping yankee fan getting rid of cold for being overweight. question for the dr., why is okn of people who are having. work in overly active? stay right there. ablow is next. ♪

♪ stuart: i have breaking news on the keystone pipeline. the nebraska supreme court will hear cases in september. a decision of the case is not

likely until after the midterm elections. elizabeth macdonald. >> they will never get a decision. we will not see an executive order from the president to build keystone. this will hurt vulnerable democrats going into the midterm. also, democrats in louisiana. the majority and most americans are for building a pipeline. instead, you will have more oil and natural gas. so dangerous for people that live in those states. stuart: it is good for warren buffett. >> yes. and investor in rail companies. the state department and the hillary clinton state department signs off on the pipeline. now it is basically turning back

to the judges who will decide. that is where we are at. stuart: thank you, liz. lift, one of uber is biggest competitors. the reason it is illegal is because they did not get the proper licenses from the new york city taxi and limousine commission. they are not official drivers. lift does screen them. make it a nice community experience of getting from point a to point b. that is their motto. they think it is going to work. they are not officially licensed and that is a big thing. they say that they are going to do it anyway. as technology advances, there are more and cheaper ways to get from point a to point b.

stuart: next topic, the new york yankees and that is suing espn, major league baseball, the yankees and two major-league announcers for $10 million. they claim, he claims they were mocking him. dr. keith ablow is with us. i want to know the nasty stuff about that sleeping gentleman. why is it acceptable? why is it okay to make fun of people who happen to be overweight? >> well, it is not okay. there is nothing funny about it. people do it because they want to assert that they are quite different. they are more in control. there is another reason. people who are overweight to risk their health.

people that are out of control to provoke a comedic response from people. if you were drunk in public, people either shun you or they laugh at you. the crisis of diabetes in the united states, the crisis of obesity in the united states, it really is not okay. it is an addiction. stuart: i think that there is more hurt directed at people that are overweight than people because of the color of their skin, at the city or religion. i think that there is a precedence in the united states today. these are major challenges. a major challenge. just like stopping alcohol or smoking.

listen. you cannot smoke in a restaurant. you cannot show up drunk. you can show up addicted to food. endangering your health. people kind of lay off. i do not think that you should be picked on ever at all. >> food is an addiction. you should not do it to access. stuart: i think we have the subject for an extended forecast another day. we will get back to it. >> there are some unique layers on set. stuart: you are indulging on this precedence. >> it is not okay. there are lots of actors and actresses that are overweight. you cannot show up on the movie set drunk, though. stuart: brazilian fans crushed by the defeat of germany. they looked devastated.

they are crying. this is a soccer game. i think that is a bit much. what do you think? >> it is ridiculous. these people don't have lives. part of my youth was bobby orr. part of it was mohammed ali. it allowed me to find something in myself to outperform at times. i understand that. this gaming thing has gotten out of control. it is substituting for people's real lives. stuart: you do not see that in america, do you. when the broncos lost the super bowl, you did not the broncos fans crying in the stands. no rioting. >> not too much. i may draw this lesson from it. to the extent that you have your own life. liberty in an economy.

you may be less likely to go the bread and circus route. in america, i hope that it never comes to that. do not there had been major rioting answer in cities, though. >> i do think that people in other countries to go overboard. it could happen here. they adopt the in the media of teams or tattoo them on their bodies. the bottom line is it could happen here if we lose sight of the fact that individuals are individuals. stuart: we will have a segment on it. tattoos. i am opposed and i do not think you are. >> i have three and i think they are great. let's find out what it will be. maybe it is just the news on you're not old. i do not know.

stuart: highly unlikely, doctor. >> all of your interviewees would see that and say, boy, i am going to focus. this guide me. if any of my children get a tattoo, they are out of the will. >> i think you should reconsider. i think it is an act of self confining. stuart: we welcome back on the overweight business. >> lose weight. get a tattoo. joined my stride. stuart: okay. they are saying, let's go. enough already. people are tuning out. enough of the government. d.c. broken. we just want a vacation.

my take on all of that is that. ♪

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>> i can't remember a time so many tuned out their own government. the whole country is desperate to take a vacation, just get away from the mess. here's my take on what a mess it is. no wonder we have a hard time dealing with what is going on. the irs scandal, the obamacare debacle, iraq, ukraine, vladimir putin and chaos on the border. every day there's a fresh and depressing headline. i think the country is turning away from it all. the president is being tuned out, so is the congress. we have outrage fatigue, we bombarded with news of failure and disgracefully ignore it. you wake up in the morning and say now what? i went on a long vacation. i went to the beach on cape cod, i really got away from it all. i deliberately did not check my

e-mail or the newspapers or the tv news. i am like everybody else with our government isn't working and i want a break from it. when will it end? probably not during this summer. i can't see people in beijing on the issues of the day when the sun is shining, the beach beckons and the barbecue is sizzling. i think the turn off ends this fall. that is when we can do something about it. the election in november will be a referendum on barack obama. sure the voters will engage on that.

in the one the biggest loser of all, 500 stocks on the s&p index, got a downgrade and the bigger apple phone with a bigger screen coming in a better direction. chipotle a winner, won fair and raised the price target to 560 from 532 and supposedly is trading at 600. liz: they put a floor under s. stuart: i sure didn't get that one. the white house leading the charge for equal pay for women but didn't get equal raises to their female staffers this year.

it is reveals the average male staff at the white house gets 13% more than his female counterpart. liz: comes from the research shop target point. the average man promoted got 24% raise. win in 18%. the pay gap is alive and well despite what everybody says, some say it doesn't exist but the pay gap is there and exists in the white house even though the white house says we are promoting men and women. stuart: how can you do that in the white house, the president's own shop to put it bluntly, and then say the republicans of launching a war on women? liz: interesting point. what is really interesting is according to this analysis 80 women have quit the white house versus 77 men who left. there you go. they are walking out the door. liz: time to move on. stuart: texas democrat congressman henry quaoar urging

the president to visit the border to see the immigration crisis. it has been a long time since you have been on the show. the president is not going to visit any detention center, he is not going to the border. why is he refusing to go? >> i don't know. he will be 242 miles from the border, dallas 500 miles from the border. he did have time in call rana to have a beer and shoot pool but unfortunately doesn't have time to visit the border. i wish he would visit the border. he has got to see what is happening. every day we get 1300 individuals crossing the border. stuart: when you have been vocal in your criticism of the president for not going to the border and i understand you got a call from the white house, did they tell you to shut up? >> i did get a phone call but i will leave it at that.

again, i want to be supportive of the president but he has got to go to the border. we want to work with him on his proposal, look at that proposal very carefully. we have got to look at this, democrats and republicans working together, no politics. let's address the humanitarian crisis and homeland security issues we have at the border. stuart: when it seems there is a deliberate cover-up. a republican congressman from oklahoma, is going to visited detention center but when he gets there, the long time to get permission to see one of these things, not allowed to ask any questions of the children or the staff, can't take any pictures, can record any thing and if he asks the question they will answer it later by e-mail. a federal official allowed free and open access to a federal facility paid for with federal dollars, seems to me the administration is covering up what is going on with this.

>> he should have been allowed to spend time and ask questions. it took me almost a week of calling and calling when i had the first lady of honduras and house appropriations to go visit like an air force base. they didn't allow us to take photographs but it took us a long time to try to get on because they basically said they don't work on saturdays. some of us who don't work on saturdays weekends we finally got on but it took us a long time and they allow members of congress to go on to see the facilities and i think they need to let the media know because otherwise the sequencing, people wonder what is going to happen. stuart: do you think the president is in some way to blame for this? he opened up the welcome mat. he is saying at the moment

anybody under 18 who crosses the rio grande gets here and stays here and the president is not saying you can't do this. >> was the 2008 law before he got in that i think is part of the problem but how you address that law and again i want to file legislation to change that law and number 2 if you wants to do an executive order this is the perfect time to do an executive order to address this issue. stuart: let me make a statement and see what you think. if we get a sudden rush by tens of thousands of people to cross that border and we get a huge influx, democrats will go down significant defeat in the november elections and you say what? >> i don't think that will happen. the bottom line is we are seeing the significant increase we are seeing right now. in the month of may on the texas border we had 40,000 individuals

that border patrol detained, the month of june we didn't see a change, the same amount, 47,000 individuals, 9,700 of them were kids so we got to address this in a bipartisan way. stuart: do you think the president will address it? >> if you are talking about him going to the border he and his advisers already dug in and said they are not going to do it. if they go to the border they are going to own it but whether he shows up for doesn't show up the loans except he looks detached and aloof if he doesn't go down to the border. stuart: i can hardly imagine the fresher that you are under. you are a democrat from texas speaking openly about the immigration crisis on the border. we appreciate you being with us. don't be a stranger to us please. >> let's do it more often. stuart: the majority of

financial advisor is a republicans will take control of the senate in november. good thing for stocks, he asks the question. that will be up next. really... so our business can be on at&t's network for $175 dollars a month? yup. all five of you for $175. our clients need a lot of attention. there's unlimited talk and text. we're working deals all day. you get 10 gigabytes of data to share. what about expansion potential? add a line anytime for 15 bucks a month. low dues... great terms... let's close. introducing at&t mobile share value plans... ...with our best-ever pricing for business.

>> a big drop container store. the ceo making surprising comments and his call with investors blaming the company's bad numbers on a, quote, retail funk. the company which sells products helps people organize their homes and offices, reported its first sales decline in four years. and netflix, all you have to do is sit around and watch movies. the company is hiring people to watch films and tag them with words that describe the plot. this will make it easier for netflix subscribers to search for what they want to watch. netflix employs 30 taggers and these jobs will be for those based in ireland and europe. netflix shares down 1/2%. coming up in the real halftime

report we will tell you what financial advisers say the mid time elections have to do with your money. you don't want to miss that.

stuart: is that time we bring you the real halftime report. nicole petallides at the exchange, liz macdonald right here in new york. two thirds of financial advisers believe republicans will gain control of the senate in november. do we get a rally if that happens? >> they will gain control but i don't think it is cause for our rally. the market will be where it will be, there might be a slight push

forward and the partisanship and the battles are going to be foreseen, going to shake up the markets further. that is not positive for the markets this time around. stuart: when you are totally wrong. we will get lower taxes at some point in the future in this economy will start to move. >> it won't be an easy battle. stuart: don't contradict me. another u.s. company making a deal over cease to lower its tax bill. liz: moving along at a scorching pays the irs unit of cosmo pharmaceuticals merging with the u.s. looks like they're going to move their headquarters to low tax havens, and ireland, another example of a u.s.-based company that could be moving overseas. stuart: just came back from dublin. a whole line of office is taken by american companies who are now irish attack -- for tax reasons. strong profits at out coin.

is this an economic barometer? >> i am sick and that companies continue to leave the u.s.. if they had better tax rates they would stay. let's look at alcoa, 5.5%. is this an indicated? at least a recent target, first to report a sign of profit. they have been focusing on aerospace in other areas such as tire truck wheels and despite that there are weaker prices that really did well and when you read headlines that go with aluminum and zinc, zinc gains 1% of shortages on global growth, bring on the global growth, we are ready. stuart: we love to see that. these momentum stocks are selling off, you have three that you are not buying on these. >> twitter, linkedin and tesla. a great run at the second half of last year and in the march quarter through april they got

tanked and all the sudden everyone's darling again and yesterday, the ones that got hit hardest. it is a sign of skittishness that i won't toucher. stuart: all three of them gone. >> any one of them controls all momentum group at this point. stuart: you are having quite a day. a big number, $100 billion in wasted government spending. every year. liz: the most recent data for 2014. what we are seeing is $97 million, the worst offender, medicare, medicaid, earned income tax credit, jobless benefits, clerical errors on the part of federal workers and also fraud. and many going up since 2004 and estimated $900 billion of gone out the door. that is a lot of money that would have covered the cost of health reform. if you get that back he would be able to lower marginal rates across the board to stop fraud,

waste and abuse. luann you never stop it and never get the money back and that is the truth. you are paying close attention like -- not like me, some people, to the fed minutes. what do you expect to see? >> increasingly starving to come up with something to say, nervous when they will say, if they could take the markets at any moment in time. and employment is down 6.1. i don't know when it happens, maybe it will fall below 6 but whatever the going to do? turn to something else and priming the pump and doing what they do? sooner or later they will say what everyone is afraid they are going to say, we had done. stuart: and you think when they say that down goes the market? >> yes. connell: they're saying that soon? >> they will come to that corner very quickly. stuart: thanks, we appreciate it. that is it for today's halftime report. costco pulling one author's book because it is c president obama. is that the right move? we have the full story after

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lou: our southern border wide-open and president obama refuses to secure that border. only one of the readers john grasso says we receiver before president obama took office. be with us tonight at 7:00 p.m.

eastern. stuart: costco is returning the new book america to the store shelves, putting it back in. the book is number one on amazon right now. doesn't this always backfire on stores the try to sense of the political -- >> costco is saying wait a second, we pulled it because of sales that were not so great, but the internet is blowing the over this, why not yank hillary clinton's book based on declining sales? it should be noted the costco co-founder spoke to the democrat convention and the president toward cost go after it raised its wages. stuart: he is a huge -- huge supporter of the president all the way down the line. >> now there are easy excuse is, we are not a bookstore, we don't have that much of space. wasn't selling that well. back on monday and was number 51 on amazon. now is number one and going back

-- stuart: if i write a book i hope they pull off the shells. liz: you would want -- >> pressed low. stuart: in the unlikely event that i write a book. >> a similar film on this is the number one conservative film of its kind. stuart: a major study shows american 15-year-olds far behind their counterparts in shanghai when it comes to knowledge of personal finance. personal finance reporter veronica is here. what exactly do they know more about in personal finance than ours do? >> basic personal finance concepts like budgeting, how to invest, how to look it something as simple as a piggy bank dividing money between spending and saving. a conference we need to know as americans and individuals in this economy. stuart: i am big on this, saving is important and they know more about it than us. >> it comes down to the personal

finance education in our country. there's plenty of it in certain pockets of the country where spending billions of dollars on it but it is not working. stuart: wait a second. if not for the schools, parents -- >> you bring up a good point. you can teach it in schools but if parents are not modeling the behavior, not going out and spending money on up pair of shoes, doing that to compensate for your dad a showing that your kids -- they will never learn how to save. stuart: i will go out on a limb. i think saving is the most important concept to teach your children. >> i agree. stuart: don't spend it all. >> every financial adviser, you can have the best financial plan in the world but if you are not saving enough is worthless. stuart: when you agree with me? okay, ladies. >> with two parents working they

feel bad, guilty they are not spending enough time with their kids coz they spend more money because money buys happiness. >> psychological thing, trying to compensate. parents need to think this is a trigger, i am feeling guilty and now not being there so i won't make up for it by buying them something else. i will make up for it by scheduling time to go to the park with them. liz: teaching this in schools is effective. >> it hasn't been so far in this country. don't know what shanghai is doing. they haven't been a leader in this so that makes it more interesting. at the same time american hasn't found out a way to teach this effectively. we know you can't just teach this once and expected to stick. it needs to be continuous education. stuart: finally someone from the wall street journal that i am not arguing with. thank you very much indeed. your take on this extraordinary program is next.

>> i am a very well-paid guy. right now i pay more than half my income in federal estate income taxes. i think that is enough. >> but you are actually not rich, i am rich. varney: that settles that now, doesn't it? now your take on the whole show. this disabled whether or not president obama should visit the border for his visit to texas. she says why would he? he doesn't have the guts to do anything. he does nothing but helps illegal. you are fired up, i can tell. and the fans crying over last night loss to germany. if your team loses, that is part of the game. what would you do in a real

crisis? now here is deirdre bolton. deirdre: thank you very much. investors preparing for the next potential financial timebomb. short selling at its lowest level since before the financial crisis. we will play with me is goo. and a country and despair, stuart talking about this, brazil getting the boot. what does it mean for the host country of the world cup? we will talk about it. hedge fund heavyweights warning of potential problems in the market due to ultralow interest rates