to everyone. i was inspired by our friends who are supersmart beating in each way and part of a female millennial statistic. what happened in the world today? we knew this was a product that would not only for the routine. >> thank you so much. congratulations, we will be watching. good to have you on the program. thanks for your time. that will do it for us. time for "varney and company". see next week. stuart: good morning, the kids are saying and you are paying. the wall street journal has checked the numbers. thousands are here. you are going back, taxpayers put a big bill now and in the future. of america is not happy. life in the irs tunnel under oath in front of the judge. the question will be put how did you. two years of e-mails? a magistrate will try to get them back. amazon ready to test drone

delivery. is this for real or ahead line? here is a real deadline. a new polar for tax arrives next week and "varney and company" is about to begin. high market spurs not doing much i have to tell you the truth. we are down 27, 16888. same for the s&p 500. a broader based in decatur. that is down slightly, two points on a 1900 index. look at goals, we moved above 1300 in the last week for ten days, we're down $2 a day, 1336, not much movement. oil trading is where the movement is in the markets today, we're down $101 per barrel. seems like before i went on vacation we were testing the one hundred 5, 106. maybe i should go away. >> you said it, not me.

stuart: $100 a barrel, maybe gas goes down too. the ten year treasury, the yield just over 2.5%, 2.51. the yield dropping a bit today. that is a very important indicator. now we have amazon. it wants to test its delivery drones near seattle and the ftc is suing amazon over in apps purchases. it balances out and they like the idea of drone delivery because the stock is up 14 points. that is the market action today, not going very far in terms of stock or bond prices. crisis at the border. tens of thousands of immigrant children are already here. 47,000 arrived this year, thousands more coming by the end of the summer. very few will ever go home, be deported. the wall street journal reports a massive backlog and of the 3500 ordered out last year, only 1600 actually left. homeland security says we ran

out of money to care for them in mid august. that is five weeks away. they stay, we pay. mary kissel from the wall street journal editorial board is here. i say this is a financial crisis. i know we disagree on the principle involved in the border but i think we face the financial crisis here and now. >> you are ripping up hysteria. let's put this in perspective. the president is asking for $3.7 billion to deal with the administrative backlog. we are at $17 trillion economy. i don't think the average american is upset at the idea of taking care of children in that cute name and compassionate way. they are far more upset about $11 billion in earned income tax credit fraud, $850 billion stimulus that did nothing. keep this in perspective. stuart: let's keep in perspective. the deficit this year will be north of half trillion dollars.

the presidents $3.7 billion immediately to care for these children, longer term he will take a whole lot more money and in the long term every single one of them has to be given education and health care. i am not saying it is going to be $100 billion but i am saying the american public is getting ticked off about this huge expense and is a huge expense at a time when we are broken. >> let's put this in perspective. we have seen waves of immigrants before. an editorial this morning, i commend everybody to read it, a better border solution. 2,000 when our economy was booming we had 1.64 million people apprehended at the border, 2011 the low point, 327,000. we have waves of immigration. this problem is going to continue if it is not solved. how do use of it? you have to create ways to come into this country legally, not just permanently.

i am talking work permits. if you want to pick the fields and go home you can. stuart: we had a furious i didn't about this and the ratings went straight up. let's get some fury back. immigration, i think, used to be a winning issue for democrats. i suspect what is going on now turns this into a winning issue for republicans. this is outside -- >> forget the politics. it is not about the politics. it is about what is right for the country, what is right for the country. we know that immigration -- stuart: when can i not ask a political question? here is the question. i think that immigration used to be a winning issue for democrats because hispanics voted democrat because they wanted people to come in. i think it has turned around. i think it is a republican winning issue you say? >> it is a winning issue for democrats right now because they want to draw attention away from

the irs scandal, but the a scandal. if i am a democrat wants to talk about the border crisis. i like these kids coming over the border. i like these photographs. stuart: stay there. you are with me for the whole hour. torture, isn't it? let's get serious. the flood of immigrants crossing into our country presents another problem. the threat that terrorists may take advantage of the lax security at the border. colonel ralph peters is with us, the author of a terrific book, help or richmond:great book on the civil war. she joins us on more on the border issue. welcome to the show. >> always great to be here. stuart: what evidence, what proof do you have, what do you know about terrorists, criminals, the gang members coming across the border now? >> we know there are gang

members that have been and we are seeing juvenile gang members and that is information from the government. other groups--not technically classified as terrorist organizations that certainly terrorized the neighborhood this which they end up so there are many forms of terror. if you look at the pattern of islamist terror specifically, it loves endeavoring spaces and while our border -- worked on the border in the mid 90s it has always been a troubled area. it is now despite some numbers are lower, it has become a true endeavoring space. i think the obama administration is very happy to have illegal immigration except to the degree that it poses a political challenge for them but for terrorists when you have a border patrol agents and other law enforcement spending their time babysitting chords of illegal immigrant children who do not belong here than you got

them occupied with that, they are not looking for terrorists. stuart: you are implying the president wants this will surely not. >> we don't know -- none of us know what is going on in his head but given his background, the reverend wright and his behavior, i personally believe that he doesn't like america as it is presently constituted and he personally feels illegal immigration is a good thing for his vision of our future. back to islamists terrorists they love and governed spaces weather on the southwest border, in syria, iraq, somalia, they thrive there. there are many terrorist problems under this obama regime are not least america's born jihades going to fight in syria and iraq and coming back but the point is you could smuggle people in much more easily, you could potentially if they require them smuggle weapons of mass destruction, but also it is

this endeavoring space for american jihadis that don't want us to track their behavior, syria, iraq, fight alongside the islamic state and not be followed. stuart: there are a lot of calls to militarize the border, put the national guard on the border, that may or may not happen but there are calls, strong calls to do that. if we did it that puts guns on the border. somebody is going to get shot. what are the politics of that? >> the politics that terrible. we have allowed -- republicans and democrats alike have allowed this problem to degenerate to the point where there is no good answer. sort of like iraq today. there is no good clean answer here. as we put marines on the border before, we had national guard on the border, if you put them there symbolically in the immigrants know they are not empowered to use force than it is meaningless. the illegal immigrants just whack at them.

yes, we are country of immigrants. yes, we need a healthy immigration influx. but it is our right entirely to determine who comes here, how they come here, why they come here and we are not world's reviewed decenter and personally, the oldest -- playing the violin about all these unfortunate immigrant children as others have said, what about the children to arise in our inner cities today? what about the american-born children who cannot get a decent education because of the tyranny of the teachers' unions, what about those who cannot live safely in their neighborhoods? why don't we care about them? why is it strictly about immigrants? stuart: you are absolutely right. we appreciate you being with us today. terrific book, i said it many times. if you have not read it yet, get out and read it. colonel ralph peters, thank you very much.

you were making copious notes. >> it is an argument for immigration reform. if your argument is we need to militarize the border, we need to govern space, then if you have legal avenues, free up resources to do the things you want these. stuart: the border has to be secured. i don't think you can have a welfare state. >> always goes to the best uses, people come economy improves. stuart: nice theory. >> i didn't for reform. stuart: i don't want to pay for this because i don't know the cost and it is astronomical. >> i just gave you the numbers. 17 billion -- trillion dollar economy. nobody is saying open borders, steward. stuart: you are. >> no one is saying we will have no border control and it is going to cost trillions. these are straw man argument. what he just said is an argument for immigration reform. stuart: got to leave you but you are staying. got to get back to that market.

big tobacco deal in the works. nicole: that is a big part of the news here. right now up 4.5%, this is reynolds american confirming both companies confirming that they are in talks for this and reynolds american would be buying, and its new ford is a huge sell-off and in the meantime, imperial tobacco for the u.k. and reynolds could some of the smaller brands in order to make this happen and release the regulatory issues including winston, cool and salem. and to imperial tobacco. stuart: sounds like musical chairs with tobacco co. brands. thank you.

amazon wants to test drone delivery. they are asking the feds for permission. you got to be 100% crash proved. you think you can have drone delivers if you are not absolutely sure? we got to deal with this next. in new york state, we're changing the way we do business, with startup ny. we've created tax free zones throughout the state. and startup ny companies will be investing hundreds of millions of dollars in jobs and infrastructure. thanks to startup ny, businesses can operate tax free for 10 years.

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and emerging markets. if you convert 4-quarter p/e of the s&p 500, its yield is doing a lot better... if you've had to become your own investment expert, maybe it's time for bny mellon, a different kind of wealth manager ...and black swans are unpredictable. stuart: amazon taking its plan to develop a fleet of package delivery drones to the next level, they are asking of the as a a for permission to test these drones. what is that? the prompter just got that wrong. i didn't mess up. it was the prompter. >> friday. stuart: i am going to go to jeremy now. what is his last name? kaplan? [laughter] stuart: it is not in the prompter, what do i no? let's just discuss this. amazon ion to test

its drones which it may well use for delivery in suburban areas. >> it sounds preposterous. picture of freedom drones spinning through the air and this effort, a big weird gag filing with the f a a, their six test facilities around the country to test things like this and amazon said we are going to use those. and details about these, it is real. stuart: can you imagine them going into service? can you imagine a drone flying up the street where i live, dropping down something on my doorstep? it has to be 100% crash proof. the liability is gigantic. >> they tested eight or nine generations, they have technology that works. it sounds preposterous. i can't picture it. stuart: eric, one of the guys on our team, is the techy kind of

guy and he builds his own drones that he has won a equipped with the go pro camera and peace in the up and takes these shots. that is a shot from his own drone. and two of his homemade droneds have crashed on him. >> a friend of mine told me for christmas, one of the most expensive drones, they're playing with it in the living room. maybe it was the wrong spot for it. that is what people think of these things are going to spin wildly out of control. >> it is in their economic interests to develop technology and make it safe. amazon will deliver the technology to make it safe. stuart: they are getting drone technology in place which may or may not be used for suburban package delivery. >> maybe it only works in new york city or chicago. it is in their economic interests they will do it. stuart: it could be warehouse to

warehouse. >> drums themselves will weigh less than 55 pounds, they will carry a 5 pound package and something like 86% of what amazon actually ships around, toothbrush and mouthwash and dvds and stuff. not that they will be following cars or -- stuart: it really is up plan for suburban home delivery. 55 lb drone. >> the biggest cost center is delivery which is one of the issues they have been wrangling with with the post office itself and fedex and what not. stuart: at the end of the day, ten years from now do you think there will be a viable drone delivery service from amazon or anybody else in operation in the united states? >> absolutely. absolutely. stuart: the stock is up 14 points. see what you did? thanks very much. next we are going to get back to politics.

pure political theater. congressman steve stockman pushing for the rest of los lerner by the sergeant at arms of the house of representatives. this is pure nonsense. >> it is political theater but of arresting her doesn't matter if it is that the apartment of justice isn't going to do anything to prosecute her or enforce what the house says it needs and forced. stuart: a terrible idea. >> i don't blame house republicans for trying to keep the national attention on the irs scandal. stuart: this trivializes the whole thing. what about the impeachment process? that is nonsense too. >> we editorialize on that earlier this week. that is a far right portion of the republican party. they are upset, angry, they want something done. they have been told by guys like ted cruz that we really can't get rid of obamacare even the republicans only control the house and unfortunately that really does damage the party. stuart: impeachment is nonsense.

got it. oil on. turns out i may have put my money where my mouth is concerning about that i made with former nba star jonathan bender. more on this after the break. >> you are 7 feet tall. you would be a fantastic striker, you could be a star. >> you are going to play now. we are going to get out and play 1-on-1 soccer. if there is anything called that.

stuart: you are 7 feet tall. you would be a fantastic striker. you could be a star. >> you are going to play now and we are going to get out and play one on one soccer if there's anything called that. stuart: it is the deal. we will play on the sidewalk of 48th street. on tape. did i say that? i should be careful what i joke about because my production staff is already setting it up next time he is in new york. i am not sure i am up to playing soccer on the corner of 48th street but if i do you will not find me in the soccer jersey and

even though mary kissel says you play good money. >> i would pay so much money to see that, so with the crew. stuart: bender plans on being in new york, we will keep you posted on when we plan to bring you the vendor challenge. whirlpool buying a stake in an italian rival. maybe they want to take world to a foreign country, make a foreign company. we discuss it later, the stock as of two that thes. bill deblasio signed the bill to the shoe city id cards that can be issued to anyone regardless of age or citizenship. he says this will make it easier for illegal immigrants and the homeless and underage people to get a id that can be used for anything from city services to opening a bank account. mary kissel giving the keys of the city to the illegals.

underage people are getting bank accounts. that is -- >> this is politics, bill deblasio is to the left of the left of the democratic party on the left. no one is going to be able to open a bank account without having a taxpayer id. that is just -- stuart: forget everything else. >> that will be challenging. it is -- you know what that adds up to? republicans' sweeping -- stuart: when you were not unhappy about illegals. are you unhappy -- >> i didn't say was unhappy about illegals. i said i was unhappy we didn't have immigration reform so that we could bring illegal immigrants to the legal system. stuart: here is the question. 47,000 kids coming to this country this year, illegals walk across. should we send them back? >> we need to put them through the administrative processes. we have a system set up in place, we need to decode resources right now to putting these kids in front of judges

and determining what did happen to them absolutely that that is not going to solve the problem. if you want to solve the problem -- you need legal avenues. what we set our editorial this morning is republicans, signed a $3.7 billion supplemental bill the president wants if the president says to central american leaders help us get these kids back to these countries safely if indeed that is what our systems is needs to happen. stuart: i of the editorial points we propose to send free hundred million dollars to central american governments so that they can persuade their own people not to come of here. it didn't include that. >> as long as their economies sting and our drug adams primarily because of our drug use than we need to be 11 is for people to coming and encourage people to come in so we know where they are, they are paying taxes, this is what we need. whether temporary workers in

terms of work permits -- stuart: $300 million. >> it is $17 trillion economy this is peanuts. stuart: peanuts, $300 million. >> i'm more upset -- stuart: when in their country to persuade their people not to come up here. near fascist governments get $300 million of american taxpayer money and you are ok with this. >> what would be better? in a perfect world -- stuart: i tell you what is better. i tell you what you get. i tell you what is better. they get nothing. in fact for every person that leave their country we will dock $1,000 of foreign aid. >> it won't do anything. it will do nothing. poor people who want better lives are still going to risk sending these kids of to the board. stuart: we plainly disagree. i still have a smile on my face. finally after months of

testimony and investigations we could be one step closer to finding out what happened to know is where's missing e-mails. we will tell you all about it after this.

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thanks to startup ny, businesses can operate tax free for 10 years. no property tax. no business tax. and no sales tax. which means more growth for your business, and more jobs. it's not just business as usual. see how new york can help your business grow, at startup.ny.gov stuart: rich edson is joining us from d.c.. what is this about the united autoworkers setting up shop in tennessee near volkswagen where they already lost the unionization vote. >> bill haas 7-12 to 626 in february. and the union wants a foothold for manufacturing, and the uaw is setting up shop in chattanooga at any way. they reach a majority of that planned to eventually petition

the company to collectively bargain co-workers council. there is no formal agreement with the union. is an issue for the workers, the automakers not recognizing this chapter. stuart: it sounds like near desperation having lost in a must win situation. i think it is desperation. >> it is a strategy to get a foothold in the south. there was undue influence in that race, they put that charge and unless they try to -- that is how they see getting in there. >> let's get back to the latest on the targeting scandal. a federal judge ordering the agency to explain on their own. how did you manage to lose all those e-mails? the judge will also appoint a federal magistrate to

investigate whether those e-mails are recovered. take me to the process. how did you lose those e-mails? >> what happened, a lawsuit, and a federal judge puts affidavits under about what happened. how are they lost and notwithstanding that they were lost, how can we recovered them through computer technical experts which many people have said can be done notwithstanding you are claiming you lost them. once you are put under oath then the landscape changes. stuart: the original question how did you lose those e-mails? they are going to have to answer. >> they will say -- stuart: when if they destroyed them that is a crime so they have to explain technically how

they were lost. >> have to parse out one aspect, you are 100%, or the computer crashed. nobody can be forced to incriminate themselves. luann if they destroy them they can say because -- >> let me put this rule on it. lois lerner original lease that i did nothing wrong but by the way i am taking a fifth. obama scholars say that may be a waiver. they need to subpoena people outside her sphere who might be able to have more exposure and explain what happened. they are going to save the computer crashed and was overridden. you remember that after six months? we will see. stuart: the second point, appoint a magistrate who says i am going to find a loss e-mails. lots of geeks in their. server after server, where are they? they are there somewhere. >> i said at the beginning of

this inquiry you also have the other side of where the e-mail went too. if we're looking for my e-mails i sent to stuart varney, see what you can find. stuart: the magistrate could do that. >> people said it may be hard to parse out what they went to. the other part of it is independent servers were ostensibly those e-mails repos at some point and they will get them from there. your initial inquiry, they will figure out where those e-mails are. stuart: mary kissel is with us. this is the way government should work. figuring out what is going on. >> we shouldn't have to resort to relying on the judicial branch, president obama said he would get to the bottom of this and the executive branch is

stonewalling, not cooperating. the legislative branch, republicans controlled house and get their subpoenas enforced by the executive branch, that is why these cases have become so important. >> i really like that point. there are disputes that may end up in the supreme court of the united states. people legitimately complain, the obama justice department is not the correct then new to have this so they went to the court and are lucky they got a federal article iii judge, now a u.s. magistrate judge and have a shot at figuring out what happened. stuart: not put off? this is -- >> i agree with you 100%. i agree with the 100%. stuart: before the elections in november. >> what happened to them and how can we find the many way? stuart: my feeling for lawyers is getting a lot more positive.

>> how can i put this diplomatically? when you can't. >> some with a majority of about attorneys in the past. stuart: i like a lot. enough is enough. i have a message for lebron james. pick a team already. even i am getting fired up about basketball. even i. we are going to answer all questions about lebron james m. yeoman. [bell rings] ♪ time and sales data. split-second stats.

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stuart: the ride sharing service called lyft lunching illegally in new york city today. >> it is illegal because they don't have the appropriate permits so the screen their drivers but higher regular people like you and me who want to make extra money by renting out our cars. a ride sharing company or for profit company, either way they do not have the permits and we are learning the new york attorney general wants to seek a restraining order to stop the company from operating here in new york. they will have a big lunch party in brooklyn tonight fleet stuart: thank you, a quick question to mary kissel, wall street journal editorial board. drivers like you and me your driver's like you and i? >> drivers like you and me.

drivers like you and i are going to the fair. >> i would say you and me. i said me. stuart: just checking. it is friday. i have a big name, a stock you know called wells fargo. what is going on with it? nicole: not only but also. i love this. i love looking at grammar. wells fargo down 1.1% after their quarterly report and what is interesting is a large mortgage lender, the largest in the u.s. post a profit gain of 3% rise in quarterly profits. one of the weak areas was the bank's mortgage business and weaker spring selling season did actually hit the numbers they're so with that, that was so much constrained and that was the reason you see it, the banking index is lower and the bank stocks overall are mixed.

stuart: thanks very much. mary kissel, a question, what is wrong with the following sentence? my mother told me to quickly went to the store? >> please infinitive. stuart: when you can come back. lebron james making his presence clearly felt in the nba. he is delaying which team he will play with next year and that is holding up the entire league. here to give his take is chairman of the board of the nba retired service association, birdsong, a name our viewers know well. i am partially familiar with you, sorry about that. are you going to stick around? >> i am going to stick around. stuart: which to you should he join and why can't he makes his mind up? >> you're going to get me in trouble.

i don't know why you with the south beach and go to cleveland. stuart: if he doesn't go to cleveland he is in serious trouble, this guy. he has got to leave south beach and go to cleveland. if it does it to him again second time of around he is in deep trouble. >> he is not doing anything. he promised cleveland he was going to come back called he is doing is his due diligence talking to other teams about whether or not you wants to join them. he hasn't promised cleveland anything but i am surprised he has taken this long especially considering the criticism he received last time going through this process. he needs to make up his mind. stuart: when is he on an ego trip? >> no. he is not on an ego trip. he is doing his due diligence and he is a free agent and it feels good to be wanted. it feels good when you are wanted. he is taking his time and i'm sure he will make up his mind recently stuart: i am a total outsider to basketball. i don't know much about the game

but i am told the current situation, never seen anything like it before. one single player holds up the formation of teams all around the country, holds up the entire league. ever seen anything like this before? >> no i have not. it is pretty amazing but a lot of it has to do with a lot of players like chris bosh, considering going back to miami. of lebron james goes back to miami. doesn't want to sign with houston until he sees what lebron james is going to do and carmelo anthony. he is waiting to see what lebron james does as well and he is the best player in the games of the players are giving him his respect, letting him make up his mind and decide what they are going to do. stuart: we will watch patiently from the outside but i have a few questions for you yet. who do you like in the world cup final sunday afternoon? >> i am going to say i don't know.

stuart: do you know who is playing? >> i do know that argentina is plain, correct? adam: who are they playing against? >> i think they're playing against a team that devastated brazil. stuart: yes. he doesn't care. >> i think germany is going to win, they are so confident after beating brazil. hopefully they won't be too overconfident but i think germany is going to win. stuart: the man is right. he is right on basketball, he is right on the world cup and he can come back. seriously, thanks for joining us, we appreciate your expertise, thank you. >> thank you, you have got to keep up with basketball little more. >> i agree. great game. great game. stuart: good luck, see you soon, thanks very much. the latest on the obamacare mess. this time tens of thousands of california people are -- their info could have been exposed.

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stuart: we have word of more security flaws with one of the state health care exchanges. "national review" is back with the story. where is the problem? >> when navigators' and personal information they're supposed to use the highest security and could the e-mails to do it but for 378 obamacare enrollees the didn't use and encrypted e-mail, they sent in an insecure format. and there have been no repercussions. these navigators have done it and have been worrying, one is nine times. stuart: there's an office location. people come in and the navigator says x why is the. and your social security number and health information, and your she puts it in a computer it is supposed to encrypt it and send

it to the head office or whatever. that is what is supposed to happen. >> i was pretty staggered by the types of information out there. stuart: we have seen 378 californians personal information. >> i have seen violation reports. it addresses what kind of information, social security number seven times to driver id numbers and down to hair, and i color. the most personal data you can share. when i talked to cyber security experts they were blown away. stuart: so you don't know whether anybody has packed into this information and got it so one and walked away. >> california says they don't believe anybody has but this is a lot of information being jeopardized. we see a trend here. state policy, the health exchange policy using curved e-mails to be secure and they are not following their own policies.

cybersecurity experts said for ott hacker this is easy, the equivalent of writing your social security number on a postcard and dropping it in the mail. you hope it gets to its destination but you don't know. stuart: always good stuff. thank you very much indeed. get ready for a big summer cool down. polar for tax is coming back, much cooler temperatures next week, 50s, 60s in new york. a co-founder of greenpeace on the climate hysterias that this new polar for tax will surely stir up. our 2 in two minutes.

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♪ stuart: it has been a rough week for america and a rotten week for the president. taxpayers do not like it. the president under attack from all sides. there is another worry.

the u.s. economy. cheer up. things can change. there is an election in less than four months. ♪ stuart: headlines. there is another polar vortex coming and it is july. patrick moore is here. he sees global cooling. we will get into that. could be emigration is a winning issue for republicans. why does the president go on so many fundraisers, especially at a time of crisis? the big news on the market today is not the stock market. it is the price of oil. way, way down. gas prices likely to follow. the dow is down about 30 points.

it has been down there most of the morning. the s&p 500, pretty much the same story. price of gold could be flat. down $2 there. the 10 year treasury, the yield there is very important. down to 2.5%. when the yield goes down, that is a pretty bad signal for the u.s. economy. and unexpected sales drop at the gap. look at the stock there. down not much. down 1.5%. that is it. there is lots of action in the weather. get ready for climate hysteria. a summer version of the polar vortex expected next week from the midwest to that east coast.

temperatures expected to go down to the middle 60s in the middle of july. what is going on here? this cold weather in the middle of july, hey, that is climate change. that is because of carbon emissions. that is what they are going to say. are they right? stephen harper said. they have not had that effect this time around. you cannot blame cooling on carbon dioxide or on global warming, of course. these days, everything is caused by global warming. the story came out the other day saying that they are getting shorter. it must be climate change that is causing this.

it is history. what we should really be worried about is cooling in this world. we should stop worrying about carbon dioxide. we have admitted 25% of all human co2 emissions during that period. it does not appear that we have to be concerned about co2. it is almost comical except we are spending hundreds of billions of dollars on carbon dioxide. stuart: do you think that we should be worried about eight cooling? are we going to observe a cooling of the planet in the next few years? >> particularly, the elite russian scientists that are into astro physics that believes a downturn has occurred many times in the past.

when it is warming, it must be climate change and global warming. when it cools, they say the same thing. it does not work both ways. there are warming and cooling ways. it may have nothing to do with carbon dioxide, but rather with natural factors, which there are many. some of which we do not even understand. it has to do with sunspots. it has to do with the sons activities. it also has do with the interaction between cosmic rays, solar wind and sunspots. it is not a simple equation. they have been doing this for a long time. we do not know, for example, what caused this ice age two and a half million years ago.

people don't realize that it is older now and co2 is lower now. people have to learn this. it was warmer 1000 years ago. it was warmer 2000 years ago. right now, we are in a relatively normal temperature for an interglacial. this is not the greenhouse stages that occurred for hundreds of millions of years before the ice age came on. stuart: you have to come back because this is fascinating stuff. we do not hear this very often. we want to hear your side, two. come and see us again soon. we appreciate it.

>> thanks, stuart. stuart: the market that is moving the most today. down in eight months. joining us from chicago is scott shall it be. i was on the air three weeks ago saying up goes the price of gas. up goes oil. we solve saw the story go to the back pages. it has not really dissipated. that is the way the market works. it starts to get off the front page and starts to slide down. that is what is happening to oil. a guy like me, my size is very warm this time of year.

all i heard was we will have a negative third-quarter gdp. let's get it out there before anyone else does. i think of the oil. political stuff there. the economy is just not doing very well. 275 or three. a long way to go. stuart: do you really think we get a negative attraction of the economy in the third quarter? >> getting it out there before the liberals do. stuart: who do you like in the world cup quick? >> >> argentina. stuart: you are off the show.

[laughter] stuart: amazon is asking the faa for permission to test drones around seattle speech money this has been going on for about a year. amazon is asking for a special thing here. have u.s. regulators say it is okay to test the drones. this is what amazon is having on. they beef up their teams. they have hired robotics engineers. you can get stuff in 30 minutes or less. however, yesterday, i went on amazon prime and i ordered a

cover. stuart: the stock is up $13. that is a nice game. there you go. the latest on the ongoing irs scandal. irs officials must explain under oath. how the lost e-mails are connect it. here is the congressmen who is leading the charge. thank you very much for joining us. as i understand it, a federal judge has told the irs you have to tell me and sworn affidavits have you lost those e-mails and separately magistrate will see how it can get the e-mails back. that, i think, is what is

happening. you tell me if i am wrong. >> a very specific deadline for that action. this investigation has been going on for a while. i am very happy to see this ruling. a very positive ruling. we have to get to the bottom of it and this will help us. you cannot just run out the clock. this is a federal judge saying you have 30 days. this could really happen very, very quickly. well before the election. >> that is correct. you know, we have a tendency that is broken. still not getting all the information that we need.

we are getting some. this is a very positive development. stuart: i have noticed that this media has brought this story almost completely. our viewers are really excited about this. it is quite extraordinary. probably the same for you. >> absolutely. this is a major issue. constitutional rights were violated. this is an agency that has a power to destroy anybody. i am really glad that the judiciary at is involved. we will not stop until we get the answers. stuart: thank you very much for joining us.

we do appreciate it. >> thank you, stuart. stuart: president obama says he did not go to the border because he is not interested in photo ops. >> trying to do things that make the immigration system better. it does not make sense. what are you yelling about there? sit down, guys. i am almost done. i will talk to you afterwards. i am wrapping things up. i understand. i am on your side. sit down. we will talk about it later. i promise.

stuart: social media stocks took quite a bit earlier this week. facebook up 92%. at lot of anger. roll the tape. >> what about the [bleep] in our neighborhood and in our country. all these kids.

really? why can't they go back. i am sorry that the parents are and port living conditions. i do not care. i care about what is going on right here. in my own neighborhood. you heard what that lady had to say. do you think that this crisis on the border will affect the minority vote in the united states? >> what she said was very powerful. she did not have this message out. she said what people think and feel and it was perfect. the president of the democratic party has a real problem. you have 11% african american in this country. african-americans are taking tableau for granted.

for him to be basically opening the border and letting people in that are competing for some of the lower skilled jobs. it is a crisis. it is being ignored. stuart: do you think it's that one minority against another? >> they are setting the two minorities against each other. the african american community in this country, i would say you focus on the young men, but also the young women that need a job. this woman is very upset. her concerns are real.

i thought she put it out pretty perfectly. that is the message right there. stuart: i want you to take a look at this. we are calling it a tale of two photo ops. "wall street journal" jason riley is here. feel free. go ahead. >> i wrote a book. we do not need people telling the black community that their jobless situation is due to immigrants. first of all, it is untrue. black unemployment was lower under bush and clinton when we had more immigration. if you look at the history of black unemployment in this country, it has been impervious the huge fluctuations we have

had in the past 50 years. to say that there is a connection between high immigration levels and high black unemployment is simply refuted by the fax. >> actually it is not. >> the minimum wage law has a lot more to say. >> you may be right on that. the immigration issue is very serious. she is not the only one. there has been a lot written about it. stuart: hold on a second. we cut the sound a little short. she was saying, what is going on with these people coming across the border. hold on a second.

>> that is different. we can talk about that. it is not true. >> please do not put words in my mouth. it is anybody that wants those lower sales or unskilled jobs that need them right now. it is anybody who wants or needs them. >> there is something called the lump of labor. where is she wrong? >> my problem is with what you said.

the border is out of control and it needs to be fixed. i do not like illegals coming into this country and neither does she. we are talking about the impact. stuart: do you think it affects the boat? does this crisis change that equation. >> no. what obama is doing is waiting the gop. he is going to expect people on the right to go crazy. they are anti-hispanic. anti-minority. the people that obama is counting on here, they will vote

for him or they will stay home. he is in no danger of losing them to the republican party. >> i think to say the lowest skilled jobs people want and need. you will see people talking about it. they should be speaking out on this. it is ridiculous to say that there is no connection. >> we still have labor sorted. that is not help labor markets work. stuart: you have last word.

ten seconds. >> lower black unemployment under bush and clinton when we had higher levels of immigration . stuart: interesting. we have to get this out there. talk of impeachment. a move to arrest lois lerner. my take on that is next. ♪

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♪ stuart: breaking news. lebron james has made up his mind. he was watching this show. sports illustrated says he is going to cleveland. herman cain joined us in just a couple minutes to talk about president obama. the fundraiser in chief.

wait until you hear this. this picture of stephen stills bird. ♪ stuart: let's get straight at it. here is my take at arresting lois lerner. both are non-starters. both are ridiculous. pure political nonsense. let's start with impeachment please. the president has been inspected and which parts of the law he enforces. is that an aunt teachable defense? impeachment always has been and always will be a political process. do we really believe that voters have an appetite for a full-scale impeachment fight in

the middle of countless crises. then there is the bazaar proposal to have the congressional sergeant of arms a rest lois lerner. this is plain silly. that is a serious charge. it should not become a theatrical fast. i can't imagine a more potent gift to democrats. what america wants and needs is sound policy and effective management of the country. we are in bad shape and we need change. a wild political goose chase. get real. we need leadership. not theatrics.

stuart: jim gray is on the line. he is the sportscaster that lebron made the announcement to when he decided to go to miami. tell me why he is going to cleveland. i think he is there -- hey, jim,

are you there? i think we lost him. he was just there a second ago and then we lost him. it was a very big deal. they had lebron james. i am going to miami. he is going back to cleveland. this week, president obama has been busy doing one thing. fundraising. why is he doing this. joining us now is herman cain. always a pleasure. welcome back. why is the president always out there raising money, especially at times of crises? >> lebron james is going back to cleveland because he wants to

maximize his financial barriers. i think he is underestimating fan values. i think he will take a hit because of his move to miami. >> you have opened up the. doors box here. you think that by going to cleveland he makes a lot more money. he has a salary cap. he makes money in multiple ways because he is in cleveland. >> i believe that he is making a decision based upon maximizing his financial worth. a big part of that is the value that the fans place on a superstar like that. they were so upset when he left the last time.

i do not think that he will automatically get all of that fan fashion back. >> okay. now i will talk about president obama's fundraising. you have to tell me why. democrats. they are not short on money. >> no. the president excels at campaigning and raising money. he does not care about leading. he does not know how to lead. you made an excellent point. it had to do with there being a difference between attitude and theatrics. he understands theatrics probably better than he understands leadership. the unreported story is not about his fundraising.

the unreported story is the 3 million conservatives that stay home that helped to elect him his second term. that is what i believe more people should be focused on. stuart: a pleasure. i am sorry to cut this short. i have to go back to the lebron james story. jim gray is on the phone. we got him back. hey, jim. >> eight, stuart. how are you? stuart: maximizing income. what do you say? >> i have a lot of respect for her maintain. this is not a financial decision. miami can pay him the maximum amount if he decided to stay there. he could take less time. he will make it up on the years.

in terms of dollars, that was all pretty much set in place. perhaps to make a little bit more money now. perhaps a storybook ending of him winning in england. i do not believe that this is a financial decision. this is an emotional decision. i believe for him to be able to go back, that is where his heart is and that is what he has expressed. had he turned down cleveland again, that will be the end of it. >> it was not the end of it for him in cleveland last time. they probably, you know, would have been stung once again.

this is a good story. this is good for lebron james. great for the cavaliers. old wounds can heal. you can go back and they will put their arms around him. they have their own players on the team. a tremendous roster. they suffered brief repercussions. cleveland may not be a champion team today. they happen to be a heck of a lot closer. with lebron james there, i would think that they would win a championship. you look like you are eager to get in on the lebron james story.

>> isn't everybody. i am thinking, cleveland. now this news. i put them on the same level. a great week for cleveland. stuart: you do not believe that lebron james is going to cleveland because cleveland got the republican convention this year. >> it was interesting what mr. kane was saying. the man does this for a living. he should go where he can make the best business decision for him. good for him. he is an extremely successful, talented person. it is his job. he is making the best decision he can for his career. good for him.

stuart: a breath of fresh air for you. gene simmons is not ashamed of being in the 1%. i will deal with that next. ♪

♪ nicole: big moves and the tobacco market. confirming they are in talks for a multibillion-dollar merger. where then estimated $56 billion it will ignite, the most popular brands in the world. cupcake chain is in talks with very sensitive properties to reopen its business. thousands of employees just an hour's notice. 7-eleven will give free slurp these two customers between the hours of 11:00 a.m. and 7:00 p.m. coming up in the real halftime report, we will tell you what gene simmons says about war on the 1%.

♪

♪ stuart: the real halftime report. gene simmons says he is proud to be in the 1%. the 1% just fine with him. it is okay. it is good. it is cool. >> gene is an incredible

musician. it is like john stuart says. i do not know why mitt romney and hillary clinton do not come out and say, yes, we have made a fortune. it is just a vilification of the rich. a political gesture right now. stuart: next up. whirlpool is buying a stake in an italic and company. could this be a tax move? >> i did not really read much about that. i was actually looking at the company pertaining to its expansion plans in europe. whirlpool, which is obviously the world's largest maker of appliances is buying and agreeing to pay $1 billion for a stake in a smaller italic and

rival. i think that is how you say it. stuart: is an american company buys more than 20% of a foreign company, they can relocate its headquarters to that other country. whirlpool could theoretically do that because of this move. i do not know whether they will. it is a possibility. >> it is a good point. we have been seeing so many companies do exactly that. just running out of the u.s. stuart: exactly. i have to get to aly baba. all right, john. you do not like yahoo!. i know that. would you by ali baba itself? >> no. it has gotten way ahead of

itself. >> the fraud that you could have, there has been inventory. it just plain did not exist. china scares me for that reason. i would not put your money in a chinese company. now to the polar vortex. coming next week, we understand. temperatures in the low 50s and 60s. one of the climate change guys, what will they say about this? >> i am sure that they will find a reason to link this to the bad economy. if we are really going to try to link it to the economy, i will say that it is great for tourism.

you can argue this either way. stuart: we have patrick moore on the show earlier. are you getting into this, nicole? nicole: i think that it would be good for business. people will be freezing. they did not quite tacky enough. i think it may be good for business. stuart: i have to go back to lebron. he is going back to cleveland. >> i do not get this at all. i am shocked. they were burning his jersey in the streets when he made that stupid decision on espn. i do not know why he does not go to new york and play with phil jackson. i do not see him winning many championships there.

carmelo probably stays in new york. this will have a real domino effect that will pick this over the next few days. stuart: you have upset the entire crew. everyone is up in arms. that is where we will end it. thank you, everyone for being on the special halftime report today. steven spielberg posing with a prop. tons of outrage. that is not a real dinosaur. no, it is not. it is a prop. outrage on the internet because of that picture. come on, everybody. relax a little bit. we will deal with that in a moment. ♪ $

stuart: cutting ties with that belgian soccer and. this photo of the young woman shows her in front of a gazelle that she killed. that photo surfaced and the internet went wild.

l'oreal have dropped her as a model. in response to that, another blogger posted this video. a 20-year-old picture of stephen spielberg posing in front of a dinosaur. q the internet outrage. people had actually believed he killed a real dinosaur. you have an update. >> they completed their contract. to go back to the stephen spielberg picture, how can you look at that dinosaur and not realize that this animal -- isn't it just obvious that that is a prop?

>> isn't it obvious that steven spielberg is much younger in this picture, to. >> i am sure that i will get an e-mail on this. stuart: it is a third rail, baby. you are on it. >> on social media about a year ago, she posted, are you ready to hunt americans today? ha ha. that probably attributed more of that outrage. she said hunting is not a matter of life or death. this was about a year ago. >> that post about let's go hunt americans. ha ha ha.

that was the day that they played in the world cup july 1. stuart: your take is 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. you are gonna need a wingman. and my cash back keeps the party going.

but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. >> yes we are a country of immigrants, yes we need a healthy immigration in flux, but is our right entirely to determine who comes here, how they come here, why is a come here. we are not the world's refugee center. stuart: strong straightforward stuff for ralph peters. response? >> he is absolutely right and we articulated it most americans agree with him. we are compassionate country but this is not the way to do it, we have a crisis at the border and is president has ignored it. stuart: appreciate it. our time is up. here is durable and.

dierdre: warren buffett, bill gates, blasting congress for not passing immigration reform. the unintended consequences for tech investing. speaking of politics, a chinese state media branded ass iphone a threat to national security. other tech firms are part of a backlash. we will reveal a list of companies facing extra challenges. inside boot camp, statistically the school is harder to get into than harvard but 100% job placement success. three leaders starting with a differing view on politics but they do agree on one thing. immigration reform is needed. warren buffett and bill gates co-wrote and opted peace that makes the argument for cooperation for humanitarian reasons and business reasons. one quote in that context here. american citizens are paying 5