we appreciate it. come back soon. that will do it for us on "the opening bell". see you tomorrow. time for "varney and company". stuart: scandal at home, crises abroad. our government takes a pr hit. good morning. incompetence? not trustworthy, that is the judgment of voters, and the fox news poll shows overwhelming disapproval of the handling of the economy. don't let them leave senate democrats try to stop the flying of american properties going overseas. they do not cut their taxes. a great performance but a big problem. america's most profitable companies do not need more workers. facebook only has 6300 and it is worth more than toyota. another plane crashes, lost contact over central africa, the wreckage just found in bali.

"varney and company" about to begin. right from the get go check the share price of facebook and look at it go, is bringing in a turn of money, $2.9 billion in the last quarter. 62% of that came from mobile ad sales. that company is now worth the market value of $185 billion. as we said a moment ago they only employs 6300 people around the world. art laughter is with us on this one. this is the new economy. looks like it is concentrating wealth, not creating that many new jobs. i see this as a problem with the new economy. do you? >> no i really don't. remember, i still write cursive. you got to know i am not from yesterday, i am from the day before yesterday. the dream of the world is to

increase productivity and what you see from facebook is a huge increase in productivity. a massive increase in income per worker and that type of productivity gain is what has pushed america forward. we should not have an unemployment problem but we do because of bad policies but once those policies get corrected and we get the employment situation, this type of company is exactly what america needs to push us to the next orbit. stuart: you just dis the entire premise of the program but stay right there. we will be back. you can stay. we are off and running. we're nine points, 17,096. i will remind everybody, the all-time record high is 17,138. 40 got points. >> i am sorry. stuart: we can hear you. i'm trying to get the show's

ratings here. higher profits -- stop interrupting. higher profits for caterpillar, the stock price is down. it is the dow stocks and that is having an impact on the dow. we will discuss this later. i profits at 3m and it is up $1, $145. check out the s&p 500, broader market indicator, getting closer to the 2,000 mark. that is the barometer. bold, that price is right around $1,300 an ounce but down $13 as of right now. final check of the markets for the moment. the yield on the ten year treasury still below 2.5% but coming a little, 249 right now. underarmour is in the news and stock is up. you will tell me why. nicole: under armor is doing great. it is a major leader today, it is a 13%. they're having stellar sales, they continue to be the best they beat wall street forecasts,

continue to do so so much that they are raising their forecasts going forward and seeing growth toward women and young people. underarmor for those not familiar with it has fitness here, not only apparel but also footwear. their sales continued to surge. profit is on the rise, they beat the stock up 30%, quarterly revenue rose 34%. this company is really doing something right. stuart: the all-time high which it reached a moment ago before we came to you was $68.68 underarmour is making the news. president obama just came out in support of a bill which aims to stop companies from moving their headquarters overseas to escape high tax rates here. he wants to fence the companies in, force them to stay. art laughter despite how we opened the show is still with us. you going to this me again on this?

i think this is a terrible idea? >> it is a terrible idea. whenever you try to run people and run a country without the consent of the governed you are doing a bad job and these companies are moving and doing the inversion as they're called because of high u.s. tax rates, it hurts their customers, because it hurts their shareholders and all of this state-owned stuff is exactly the wrong direction to go. he should lower tax rates, broaden the tax base and have them voluntarily bring their profits back to the u.s.. the obvious answer like every other country. stuart: i agree entirely but it will be politically popular. he will get up there and say this is -- these are our companies, this is our money. we gave you all kinds of benefits. stay here. you can't leave. that will be popular. >> i don't think it is going to be popular but we will see in november. i don't think he is popular he is getting less and less popular

every day because of this type of nonsense. he thinks he can tell everyone how to do, what to do every day and he can go fund-raiser and play golf and do all that because he is so brilliant and so wonderful. it is not true. is not so brilliant and not so wonderful it is doing a lousy job as president and frankly this type of stuff is exactly why people don't like him. he could change his policies in a minute and become popular and become a real leader by lowering that rate as most democrats want him to do too by the way. democrats want to lower the rate from 35 federal which is about 40, 45 with state and local and lower the rate down 20% and expand the base and all would go up. the rest of the world, much less, and we are the only country that doesn't on a global level, not a territorial level. stuart: you redeem yourself. thanks, art laughter, appreciate it, thank you very much indeed.

a whole series -- 58% say the obama administration is incompetent when it comes to manage the federal government. monica crowley is here on that one. this is a charge of incompetence. >> there are a couple things going on here. i have argued from the beginning of obama's presidency that he knows what he is doing, the fundamental transformation of the nation, he did move the united states for the european style socialist state. now however i do think the two are not mutually exclusive, you can be an incompetent socialist and a lot of americans may not understand exactly what they are seeing that they are seeing a president who doesn't have his hand on the tiller, things are completely out of control in the united states. we had a severe contraction of this economy in the first quarter, the wheels coming off of the world, adversaries are

advancing, good guys are retreating and chaos, death and destruction are short to follow because there's no u.s. leadership. stuart: another fox news poll, 57% disapprove of president obama's handling of the economy. charles: i am surprised the number is not higher. in addition to what monica said and art laughter alluded to as well there is a serious in different from the president that resonates and the problem is not his iq but emotional intelligence. people talk about no drama obama on the surface, beneath the surface he does have really emotional swings and i think it stops any compromise in congress. stuart: how do you know that? charles: you see it by the way he interact with other members in washington d.c. particularly from the other side of the aisle. recently he has been snubbing the press. interesting temper tantrum kind of things that stop progress from happening and it hurt the

economy lot. the reason the economy is doing well as america designed the most amazing economic machine in history of mankind and withstood the president. stuart: that is all domestic policy. i want to move on, before i move on, i disagree with you in some respects because i think the president's economic policies are popular. stuart: are they working? stuart: they are not working. charles: why do you think they are popular? stuart: we are handing out a lot of money. i hate to use the word handout. an awful lot of people are getting something from the government and they don't realize they are in a trap. charles: we saw with the arabs spring you keep giving people things for nothing they want more for nothing and they become upset, they become disillusioned and a angry. if someone asked me for dollar and they knew i had $10, they would say this is a nice guy,

then you have 1,000, they would be upset. the president's is digging himself a whole. the obamaphone comes in only one size, shape and,. people going to start demanding more because once you set the precedent they keep going with it. stuart: that is a good point. on to foreign policy, we got domestic and now foreign policy. this is the new fox news poll. 75% say vladimir putin has the upper hand in the situation in ukraine. that ties into another poll, 56% disapprove of president obama's handling of foreign policy. >> not hard to see vladimir putin has the upper hand on the president on the united states and on the west in so many ways. the annexation of crimea, the invasion and placement of vladimir putin in ukraine. these are not for russian separatists, their vladimir putin's proxies' taking these actions the shot down a plane. stuart: got to interrupt you.

i hate to interrupt a lady but i don't think american voters, and they don't -- >> and people a burned out. the role of any leader, to take his people with him. and it protect the interests of the allies and this president has not done that. national security and foreign policy have been until your ago one of obama's strengths. the only area where a actually showed impressionable su. the wheels have come of the world because american power and prestige has collapsed under him. stuart: oliver north, colonel oliver north, i have to get a man's frank wright. i give him a newsroom promotion

which i shouldn't do. colonel oliver north. we are talking foreign-policy and military policy and i get the distinct impression that the american public does not want military action. does not want military moves in ukraine or anyplace else. you agree with that? >> i don't think it is that the american people don't want us to do things. i don't think it is necessary for us to put a battalion of marines on the ground in the ukraine to alter the outcome. i do believe american leadership is more important. and there is new tranquillity in the globe, contributed to the tranquillity of the global community. what are these people thinking? do they really think we are stupid? the new normal isn't tranquillity, it is terror and what we have got today, the american people at this point

are shellshocked. i would love to ask the question on a pole, i use stunned by what is happening around world not just in gaza or ukraine but literally around the globe and what we are seeing, smarter than he imagines this to be. stuart: i want to transfer to the israel/gaza/hamas for a second. i don't understand why john kerry or president obama doesn't say to hamas here is your $47 million, we are giving you $47 million, quit the rockets, no more rockets into israel. why doesn't america take that proactive stance to get something done. >> the anti-israel policy of this administration has been evident emerson's john kerry got there. it was less so than mrs. clinton running the state department but it has been there for this administration, 5.5 years and benjamin netanyahu is as polite

as composite lead be but once you get beyond that level and start talking to folks straight up like they are ambassador to the united states when his off-camera they will say things that are really straightforward about this administration's treatment of israel. just now literally while we have been on the air faa a turned down a flight and that is because everybody in europe was a night you guys nuts? one airplane, one rocket lands within a mile of the airport and it lands because they decided it wasn't a threat, they didn't shoot at it with an iron dome. the building materials given by the united nations to hamas at the direction of the united nations include hundreds of millions of tons of concrete and building supplies that it go to build hospitals, schools, housing, anything like that. they went to build bunkers and facilities like arsenals and launching missiles and building tunnels and is real.

stuart: i am out of time and we always appreciate you being with us, colonel oliver north, thank you. where there is no mullet to diminish military posture taken by united states the stock market keeps going up. we are above 17,100. we may finally get those missing lois lerner e-mails. answers to what monica crowley calls the most dangerous scandal in u.s. history. more on that after the break.

stuart: going again, down 19, 20 points. big drop, new home sales, going to talk about that in the halftime report. home builder stocktaking its on that shin. down by several percentage points. i own citric systems for years never went anywhere. the 50 week high, and

>> they were making many on mobile. their were bid for the security, even windows, microsoft. you can't argue with microsoft. stuart: those missing e-mails from lois lerner's hard drive will be recovered. koskien irs commissioner john revealed they are reviewing backup records of los whereas females. the ceo of nightlion security. endeavour found a back out records. and the scratch card drive and couldn't get the e-mails back. is that correct?

>> that is correct. they claim the hard drive is scratched, even when it is scratch plenty of data can be recovered so that is never the end of the line for a hard drive and to be honest i am not so sure about these backups they claim they found. stuart: suppose, they scratched the recycled or whatever. and they found a dozen different pieces, smashed to smithereens. could you guys put it back together and get the information off of it? >> i think so. there are plenty of cases where foreign 6 teams have reassembled smashed drives using. and paper and it would still allow a platter, a hard drive works similar, and as long as you can reassembled in a way that it spins and data can be read you can still extract quite a bit of information from it. stuart: have you done this.

you found -- is a hard drive for a disk, you founded in 23 pieces? >> whatever is referring to is a landmark case in 1991 where there was a murder trial and the murder suspect had taken scissors and cut a disk in 23 pieces and this was the first major case where they reassembled it and showing it was very possible by putting it together with blue ink tape and the data can still be ready and after it had been cut in 23 pieces. stuart: the bottom line, we're going to get these records, we will get them. >> i am with vinny. i will believe it when i see it but they put it out that it might be possible to retrieve these e-mails gives us a little hope end if i were lois lerner i might think seriously about making an offer to congress about what i might say. stuart: that is pressure.

by the way, thank you very much for joining us with your expertise. we appreciate it. a former yale professor says forget ivy league colleges, they turn students into the lead us to robots cannot think for themselves. your reaction to that is next. first, look at this. medal of honor winner olive garden. sergeant brian pitts rang the closing bell yesterday, you saw what happens, he broke the gavel. the thing smashes. everybody laughs, no worries, the man is a hero. to buy a car.

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cuz sleepiq™ technology tells you. and all you have to do is sleep. which is easy. only at a sleep number store, mattresses with sleepiq start at just $999.98 because everyone deserves a great night's sleep. know better sleep with sleep number. >> increasingly employers who don't see great growth prospects are going to look at do you work hard, do you have to arrive? are you easy to work with? they will look at other skills other than the label on your resume especially with the great inflation that is going on in these ivy league schools. they look at that and it is not worth what it used to be. stuart: that was mary kissel at stake and former yale professor who set an ivy league education often turns students into easiest robots who can't think for themselves. you have a lot to say about that on our face book pages.

recruiters are much more interested in students from harvard than u.s. c. that first job then sets the direction of the rest of your working life. bob and that it depends on the degree, a degree in the electrical engineering will open a few more dollars and the same degree from gross city college, don't know why we are dising rose city college. i don't leave the school matters for something like nursing or teaching. mary disagrees, she says ivy league does not mean what it used to mean. trade schools are underutilized and should be put in high school. good tradesman worth more than their weight in gold. monica it is here. what are you doing here? >> i collected i believe degrees for better or for worse. as a conservative in the ivy the guy was forced to think for myself and forced to go against -- stuart: when you have always been -- never wavered, right out

of high school you never wavered. >> i developed my political philosophy and principles when president reagan was in office and i was in junior high. at the time everything reagan said was -- click with the absolutely right. i got older and understood why reagan and small government conservatism was correct but i agree the ivy league is not what it used to be but i also think college isn't for everybody. i agree with the writers, having a flood in your home and you call a plumber at 3:00 in the morning that is worth its weight in gold. not everybody should be going to college. not everybody is suited for it, not everybody is suited for the ivy league. stuart: because you went to an ivy league school the plumber will come to your house at 3:00 in the morning. you can pay him. more big names you know, disappointing profits at trip adviser. that is quite the decline, 9% from big-name company. yahoo! it is a winner today.

look at that stock price? yahoo! is up. it is like a door stoppers these days, mid 30s. the f a lifted a ban on u.s. flights to and from israel. the temporary ban put in place forming a rocket strikes from hamas that landed me in an airport in tel aviv. i have a bone to pick with you on this one. some people say that band was political. obama told the faa get out and blunt -- that is what you think. i think otherwise. i think the ban was put in place with a liability problems, american airlines that may have been attacked. >> when they were o the and announcing the united states wanted flights coming in and scored a real victory by getting the rocket so close to the airport as they have.

i juicing it is political. this is a very anti-israel administration and the sba -- it was an economic embargo even if it only lasted two days. to is and is a critical part of israel's economy. to lose two days of american flights coming in and a lot of other flights as well. stuart: american carriers don't want to be on the receiving end of any damage to their flame or passengers and if they had been they would have been clobbered with liability issues. >> why hasn't this administration peninsular bans through afghanistan, pakistan and yemen. stuart: monica from the ivy league itself. facebook shares hitting an all-time high. the company is worth more than toyota. italy employs 6300 people. we are going to dig deeper into that one after the break.

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what is his breakdown of the work force? twitter says nearly 90% of its employees are either white or asian. charles, what do you have to say about that? charles: there is a lot of interesting narrative here. i do not like what the motivations are. beneath the surface is why we should pay attention. it speaks to our school system. blacks, hispanics and asians will be the majority of this country. if we will be the number one economic power in the world, we need those people. we need those skill sets. we are not producing them in this country. it is an education issue.

a lot of people are underrepresented. i would like to see the break down of people working at twitter and these other silicon valley companies. stuart: you have to fix problems with people like me. [laughter] stuart: check the share price of facebook. the stock price is off 6.5% roughly because of its revenue coming in from mobile apps. we are joined by a chief executive officer. ted murphy. that is your bread and butter. work your company is based on. >> i think facebook has a

tremendous upside. they can continue to add more advertising dollars. one of the reasons for that is all the advertising that they are doing is native. they want that unique experience. stuart: you think it is another google? >> i do. i think facebook is certainly a google of

you look forward in the next political race. the president is just choking off the economy in l.a.

what people are saying is, hey, why don't you take a helicopter and three off the streets. stuart: very good point. it allows people on the ground, ordinary people, to register their discontent. it is instant recognition to reaction of a given event. you are right. the twitters and face pokers of this world are the news on the ground as it is happening. >> everybody now has access to these devices and channels to publish news. that is why i am still so bullish on facebook. i think we have come a long way. there is still so much opportunity out there.

stuart: ted murphy, everyone. thank you very much, indeed, sir. obamacare, pure chaos. two conflicting court rulings. what are they supposed to do? we will discuss it next with somebody who knows. ♪ when folks think about what they get from alaska, they think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence.

it's one more part of our commitment to america. ♪

>> walmart is talking about it management team. we will take a look at walmart shares in a second. you can see how they are doing. down .9%. a number of americans filing for first-time

test. stuart: let's get right to individual stocks. ford, a winner. gm, a loser. nicole: going back over 10 years. they have seen profit on the rise. great growth in north america. the profit in europe for the first time in three years. asia was strong. the ford focus.

those will be coming out. up 1.1%. record highs. both i year highs. stuart: i remember when ford was at $20 a share. that was about four, five, six years ago. we have to obviously contradictory court rulings on president obama. this is real chaos and confusion about the process of where we are going with obamacare. how are we supposed to plan four this? we are joined by an attorney. you are republican connected and you do indeed advise corporations. >> i do. i do. stuart: the way i see it, all kinds of delays and now these

contradictory rulings on subsidies. to me, it is absolute chaos. >> what you see is the two contradictory rulings around federal exchanged subsidies being provided to states like florida, for example, georgia, texas. those may disappear. the business mandate on all this is now being pushed off. stuart: are you still telling them that the employer mandate stands? you are saying, yes, go ahead and provide it. >> those employers who actually provide substantial health

benefit to their employees today. beginning to become the glide path. stuart: you are advising companies to lower the benefit level. really? >> a large benefit of healthcare. believe it or not. if they offered too much of a benefit it is severe. stuart: you are a republican. let's suppose you get an increase. would you still offer the same price? clearly, these two contradictory

rules will make it there at some point. there will be a change when we have a new president. stuart: all

expand. you do not want to trigger the 50. now you have to comply. stuart: the last thing -- you have 49 employees. you do not employ another 50. >> part-time. independent contract nurse. sharing employees. stuart: when does the real pats self it? this fall? when do we get news of higher premiums, for example? >> you are looking at this fall. i will tell you, there will probably be delayed getting

quotes out of companies. >> elaborately delayed until after it the election? >> i cannot tell you for sure. stuart: you have a difficult job. are you liable if you give the wrong advice? >> i would like to be able to say that the law is clear. even where the law is clear, the president has said we will not do that yet. even when the law is unclear and the courts, looking at the same provision of the law, came up with two different rulings. this will be a legal fight for a while. the danger here is the uncertainty of the market. stuart: you are a lawyer and you

will win. >> it is good business, but i'd rather be helping clients in a positive way. stuart: president obama said he would run the most transparent in history. they are not good for the president. ♪

we never thought we'd be farming wind out here. it's not just building jobs here, it's helping our community. siemens location here has just received a major order of wind turbines. it puts a huge smile on my face. cause i'm like, 'this is what we do.' the fact that iowa is leading the way in wind energy, i'm so proud, like, it's just amazing. thank ythank you for defendiyour sacrifice. and thank you for your bravery. thank you colonel. thank you daddy. military families are uniquely thankful for many things,

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stuart: just look at soda stream. up big. the company is in talks to go private. look at that chart. the latest fox news poll asks if the obama administration is the most open and transparent effort. 68% said, no, it is not.

should the press be let in? obvious question. >> the same press that has been covering this for six years. now, all of a sudden, they are discovering that this is transparent. left wing media organization. left wing organizers. stuart: lost the media? >> no. that is impossible. while they may be very frustrated that they cannot get in, in the end, they will still protect. stuart: 75% say putin has the upper hand of president obama. up next, dan henninger. he says mr. obama is telling the

rest of the world to drop dead. we also have gene simmons. he defends his 1% status. he joins us in a power packed second hour as well. younger people, not playing golf. a solution for global warming. the second hour is in two minutes. ♪

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to. ♪ stuart: headlines. the world in turmoil. more records are within sight. food stamps. $2 billion worth of overpayment a year. gene simmons from kiss. he is here. he is in the top 1%. why doesn't he feel guilty?

we bring the two sides of the climate world. australia's new realist. welcome to the second hour. ♪ stuart: look at the dow jones industrial average. we are roughly 36, 37 points away from an all-time high. s&p 500. up just a little right now. a big pete for facebook. that stock right there. under armour. that hit a high as well. almost $70 a share. that is a 15% gain. qualcomm is a loser. concerns about it china business. we are off $14 right now.

the price of oil still hovering around. $102 per barrel. the yield on the 10 year treasury is exactly two and a half percent. another stock down big time is angie's list. >> big-time is the right phrase to use for angie's list today. the stock has moved to a lifetime low. they have called out, the current order reported a bigger than expected quarterly loss. that outlook going forward, lower. the competition just gets better. for example, yelp reported a 66% jump in its first quarter revenue. all of the analysts, as you

know, stuart are jumping on this now. they said they spent more to sign up customers. they ran some big deals. it really took off with their members. stuart: that is a drop and a half. thank you. and out of control crisis on the southern border. according to the latest fox news polls, 42% of voters say they approve of the job that president obama is doing. dan henninger, "wall street journal" editorial page guide says the president has told the rest of the world, drop dead. obama to world, drop dead. if he disengaged, doesn't he

care or does he not wish to exercise american power? >> that is in easy one. all three of the above. namely i think what is going on here, it is just so telling to go out to the west coast. i think, basically, what the president has on his mind is consolidating his political base here in the united states. not that much concern on what is going on overseas. the most political president i think we have had in a long time. beyond lyndon johnson. every act he takes is to intend a target. he is trying to get a bow for

the election. stuart: i think we have had presidents before that are unwilling to use this power overseas. this is strong stuff. does he really believe it is a strong country? >> i think he probably believes america is a good country. the entire first term. he was talking about people making over $200,000 a year. those are people that he does not care much for. he does have aspects of the country that he wants to support them. you have to understand that the american left has not wanted the

united states to engage, or make a commitment, because that raises a legitimate seed. their goal is to take the defense budget, reduce it and reprogram that money into domestic spending. i think obama has been leading that exercise. stuart: the 1930s or 1970s come. to today's era? >> closer to 1914. everyone has world war one on their mind. you have these awful events. whether it is isis in iraq. what is going on with ukraine. leadership in asia is beseeching the united states to raise its

presence over there. you have all these parts of the world shaking l that. under those circumstances, no good can come of it. the news is really quite awful. stuart: we will leave it like that. obama to world, drop dead. dan henninger, thank you very much, sir. 58% do not approve of the president's handling of the economy. larrylarry levan joining us now. >> you look at the insurance

situation. stuart: i have to return to that same old same old question. the market seems as if it wants to go higher. we were not really handicapping all of the small businesses out there. again, you would be hard pressed to find business owners. stuart: give me four, five, 6% growth. that is an opinion on my part. larry, thank you very much, indeed, sir.

58% say the obama administration is not competent when it comes to the implementation of obamacare. congressman, thank you very much for joining us, sir. this goes to the heart of the criticism of mr. obama's policy. a president that is all government all the time. >> in many different areas, foreign policy, domestic policy, i think you are seeing a lot of incompetence in this administration. often, we have been looking at the irs. it seems like time and time again, the excuse we hear from the administration is we did not do anything intentionally wrong.

we are just incompetent. we do not know what we are doing. we heard that with benghazi. we heard that with the irs targeting conservative groups. we heard that with the lost hard drives. we did not mean to do this. we just do not know what we are doing. you have a bill to try to do something about that. i signed on to the no subsidies without verification act. this is a bill that was initially introduced, actually, the last congress, my colleague

diane black. the point of this was to address the statement out of the administration. we will not worry about verification. we are trying to hold the government, hold the obama administration accountable. another situation where the obamacare affordable care act is poorly written. stuart: to meet, that is an invitation to get a government handout. maybe i am being harsh about that. that was not reported. we were all over it. a very important issue. it was not wisely reported. >> that is the challenge.

trying to draw attention to this , let's be real clear, waste tax payer dollars. hard-working taxpayer dollars down the drain. they are trying to gain a system that has checks in place. stuart: congressman, i am terribly sorry. i am out of time. thank you for joining us, sir. the rise of a personal growth. john stossel says there is a big threat to your privacy. stossel is up after the break.

>> it will go right back to where it should. >> all of this is very cool. if anyone can buy these, what does it mean for our privacy? ♪

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>> frankly, this type of stuff is exactly why people do not like him. ♪ stuart: art laffer wayne in on president obama. elizabeth macdonald is here. >> i love how you use the term fenced in. we have footloose multinational. the tax rates overseas, our companies are up against companies overseas that pay a half of what they pay. doubled or tripled. stuart: 12 and a half percent in

ireland. >> goldman sachs is also putting out a report. they need to be near those customers. with this congress, it will need a passport. money goes where it is treated best. stuart: yes, it does. $2 trillion over there. encouraging it to come back. they are fencing in companies. >> it is 15%. all in for u.s. companies. how do you bring the cash back home?

>> you will not bring the tax back home. >> the president is saying that it is not economically patriotic. i government spending is what is hurting the most. stuart: send them an. stop them from leaving. >> one in 10. he will trade a rush. tax moves have no impact on what companies do. they are responding to something. >> that is right. check soda stream. the company is in talks to go private. that is why you see that spike to the upper 30s. general motors down today.

beginning to take a bite out of its profits. stossel's show this week. all about the line between liberty and security. the use in personal drones. spying? john stossel is here. he has a drone. the technology guys says you cannot fly this thing around the studio. >> i am not flying it. stuart: $60. >> it cost a thousand dollars. a few months later, $60 with a camera. not so good as the one i have on my show. they are getting cheaper. they will be everywhere. we better get used to it. we have had cases where a woman looked out her bedroom window

and there was a drone. we have peeping tom laws. you are allowed to look at your neighbor's window. you are not allowed to get a step stool and look in. there is a child loss, you can search for people more easily. it is a new product. they have all kinds of uses. go for it. that big one ways to pounce. this one weighs a few ounces. much more of a threat to airplanes. stuart: put the camera on it again. do you think we could just let

the thing go off a couple of feet? >> no. stuart: put it up a couple feet. do it again. [laughter] stuart: there is a camera in that thing. $60? >> yes. stuart: a drone with a camera. >> i am admittedly not skilled in controlling. stuart: in terms of personal privacy, is this an intrusion? is it a real threat to my privacy? >> it is all of that. that is what is excited about innovation. it can not cannot go right next to the airport. you cannot go spy on people. the state courts will work that

out. you have the faa banning companies that want to use it for commercial delivery. there was a bar in minnesota shipping it to people fishing. stuart: just a little clip there of you with a slightly bigger version. >> it has a gps. it goes back there. it took its time in this case. stuart: absolute control over the thing. is that a go pro camera? >> yes. that is why it is more expensive. the camera is more than the drone. stuart: in the great scheme of

things, it is our level of personal privacy. is it going up or down? >> down. clearly. stuart: i know you do not like the nsa. >> this is the least intrusive kind of spine. i am much more upset when they directly use force and tell me i cannot do things. stuart: i think he is the libertarian that we love. >> they say they have prevented terrorist attacks. cross examination. they do much more good if they would just pay attention to the tips that they got. >> you have absolutely no idea what goes on. >> i think that they should keep

secrets. >> we have hundreds of thousands of classified documents. they now just keep their mistakes secret. stuart: what time is your show? >> my show is on lawyers tonight. 10:00 o'clock on saturday and sunday. on the regular fox network. stuart: on the fox news channel. 10:00 o'clock. all right. i will watch that. >> now, they abuse our freedom. i am with you on this one. stuart: thank you, john. stossel, everybody. two stories from the climate worlds. my take on both of them, next. ♪

oil big-name you know they are moving, nike leaving the dow 1.5%. under armor is the leading stock, 14% higher. jean simmons outspoken member of the legendary rock band kiss, self-made multimillionaire, on for burn or coming on the show to defend the 1% of which he is a member, they are workers and job creators, jean simmons a couple minutes from now. two items from the climate worse, the extremists on the fringe and the realists why clearly going the other way. you couldn't get two more shall we say polar opposites. here is my take on the margarita declaration and the australian government. first the out there fringe, this

is the margarita crowd meeting in socialist venezuela under the auspices of the united nations environmentalist's declared the only way to end the climate threat is to end capitalism or the head demonic capitalist system as they put it. forget forced conservation or cap and trade or contacts this, they won't work. we must destroy the profit motive. that is what threatens the planet. i always thought communists had more into extremist indictment lists. the margarita declaration is precisely that but do not despair, climate reality has arrived in australia. the government there has abolished the carbon tax and the world of climate policy this is a revolution. australia had been a model, one of the first to adopt a big tax on carbon but it was extremely expensive to ordinary australians. they had to choose between higher prices on everything and a symbolic gestures that would make no difference at all to the

planet's climate. they chose to get rid of the tax. climate reality arrived. these two developments very important. the extreme greeny setting more extreme in desperation and are showing their real anti capitalist colors but the realists are getting more bowls and the people who are being asked to sacrifice for nothing are saying no. in my opinion the realists are winning and rightly so. [ male announcer ] the mercedes-benz summer event is here.

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stuart: rock legend jean simmons says this about being rich, quote, i have been part of the 1% for 30 years. it is fantastic. the 1% 80% of all taxes, 50% of the population of the u.s. peanut taxes, the 1% provide all the dogs to everybody else, the 1% didn't exist there would be chaos and the american economy would be dead. he is also the author of the new book me ink and here he is. he joins us from tampa. jean simmons, welcome. >> good morning. i just wanted to start very quickly. my numbers are probably skewed fiscal year that way, the taxpaying public pays all the

taxes or 50% of the taxes, the point is that the american dream has been tarnished by politics. i am living proof the american dream is not only alive but alive and well. i came to america if you pardon me for getting on my tirade, i came to america as a child with my mother 8 years of age. as a legal immigrant because there's a difference, i realize that an early age even before the phrase meant anything that i had a fiduciary duty to myself, to learn language skills, learn how to speak english, learn how to communicate with people with the sound of their language and their way and they will pay you back in truckloads so the way i speak i wound up being a teacher in sixth grade and taught native-born children how to speak english by an immigrant. i learned capitalism. i learned what it meant. everything that happens to me along the way i became one of

the 1%. so when i came out and said i am proud to have become part of the 1% by doing it the old-fashioned way which is i work for every penny of it, i support 1400 kids in africa, feed them, aged kate them, the ban contributes millions of dollars to wounded warriors, we gave a wounded warrior a house, we bought him a house because you have to give back so i am being criticized by the minutes tick fringe to think that being aspirational and working for it is the bad thing. i just want to say is this. stuart: income inequality, we are told this is a problem. we are told that income inequality, the gap between this group and this group is rising. you are part of this group with a lot of money. do you think we should do something about income inequality?

>> yes absolutely. what the rich should do, if they earned it themselves is understand that they are the job makers, corporate entities, banks, financial institutions. there are some misinformed young people, i went for is this. i went through college and rallied against because they didn't understand, were demonstrating on wall street on cellphones funded by wall street so let's say for the record there are bad people all over the place, they will rod un cheat you, that is in wall street, that is in the churches, people who engage in pedophilia, there are bad people all over the place but don't kill everybody out. you need financial institutions to keep the country running, you need -- stuart: sorry to keep interrupting you but the left says taxes them. the way to get some money out of

them and bring that income gap down. give it to this group. >> it is misdirected. it is misdirected and misinformed and uninformed because politicians have of built in self agenda to get reelected. in real terms, when i am paying 50% because i live in beverly hills you can find me, i pay 50% of every dollar i earned and proudly so. i am happy to be able to pay that much. something like 50% of the country, the population doesn't pay any tax at all. terrific. i am glad to do that but i am for of flat tax. i am for a guy that makes the one hundred million dollars paying 20% flat across the board so it will have to pay $200 million rather than $20 million and somebody who makes $200,000 would therefore have to pay the right amount. i am doing the arithmetic badly

but a flat tax -- stuart: when we are going in america in america today we are going more and more progressive. we make a higher proportion of your income. >> you are punishing aspiration oil motivational, you are punishing the american dream. what you are saying to us -- stuart: thinks the same way you do. how many people in beverly hills fill the same way you do? >> they are scared to death to say the wrong thing because if they say the wrong thing the uninformed will stop going to their movies and stuff. i don't care. i am an american citizen. i vote, i vote my conscience. neither republicans nor democrats are happy with me because i speak my mind. i am an american. my opinion is mine alone and i don't care whether or not roger, your boss, agrees with me or not, nobody seems to like me because i speak my mind so i am for the following the dime for a flat tax, i am for rewarding the

rich for what they do and not lambasted them especially if you earned every penny of it because i give people jobs. i create jobs. we have 24 tractor-trailer is the travel in our crew. those tractor trucks have to go to wall street to borrow money to start the businesses. we make the american economy work. you are going to criticize me for giving you jobs? are you kidding me? stuart: good last words. very good last words. thanks very much. >> the last words should be and take note of it god bless america. stuart: excellent stuff. hope you come back soon, appreciate you being with us. we call it young people are not playing golf. that is a big deal with in this port and a big deal for american economy. the numbers will prove they are not playing and we will tell you what is happening next. 3rd and 3.

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stream but the company has a net worth of a $30 million. and new york knicks star carmelo anthony started his investment firm for tech startups. and.com not he is investing, and it should be as press pad. and additional factors for certain foods you combine in your local lan coming up, facebook stocks hitting new highs. are you getting in now or getting out? stay tuned for the real halftime report next.

stuart: let's get going with the real halftime report. nicole petallides at the exchange. ed butowksi joins us, liz macdonald in new york. facebook blowout profits, the stocks of the new high. are you buying in the mid 70s? >> a 5 is buying stocks that would be one because stocks make highs make higher highs, doing everything right. facebook is a buy for me a fine allocating money to equities. stuart: the s and p have an all-time high on its way to the 2,000 mark may be. what are they saying on the floor? >> what they can't believe these

people have a hard time going with that bearish, expecting pullback and some people feel warm market has been overbought, made these new highs, it is another record day and it continues and it won't put with energy and other names we know like alcoa and southwest airlines. it wants to go up. stuart: new fox poll indicates 57% do not approve of the president's handling of the economy. >> it is worse than the president's approval rating. instagram 42% in recent spring poll done by fox news, the majority of american voters are not confident in managing the government, a third of democrats weighing in. he is not doing well managing the federal government. stuart: a third of democrats -- >> the key is an effective managing the federal government.

the overall rating for the government is 58% but 50% disagree, worse than his overall approval rating. stuart: a big hit down last month. existing home sales pretty good. what is going on in the housing market? >> you look at why would. i don't know if you are buying this stuff but i do go to home depot. everything is getting expensive and home builders need to pass the cost along. they can't build homes at a price people want so they are going out and buying preexisting homes. this is about the inflationary pressure on a raw materials and it is not there, it is too expenses of people are buying existing homes. not a good sign at all. stuart: i have an individual stock that is a big winner. royal caribbean, the cruise line. why is it up? nicole: for i thought i saw you at home depot. royal caribbean is doing well. amazing we are watching oil

caribbean. a lot of people thought these cruise liners were going to lose it but not so. europe is seeing growth, china seeing growth and despite the promotional environment in the caribbean, they are still bringing in the bucks and europe has a lot to do with that. of 7.3% today, all time high for the stock. the profit beat and they raise their forecasts. will caribbean. stuart: get them behind you. up goes the stock. to liz, $2 billion worth of overpayment year on the food stamp program and the government says that is an excellent performance. >> only in d.c. is an overpayment a good performance. foods stamps at a record high according to this new report. 9 states are getting bonus payments because they keep their air raids on food stamps low, including virginia, louisiana and florida but the usda inspector general saying fraud rates are deceptively low because they don't have. on the ground to investigate

food stamp fraud. stuart: let's get to the millennials and the story we promised on golf. they are not playing. the participation rates of people aged 18-34 fell roughly 13% between 2013 from 2009. i know you played but that is a huge decline in players among young people. that is bad for the sport. >> yes. not only is it bad for the sport today but that in the future because these are the people you want to see watching golf so they can advertise for young people. i don't see anybody playing golf that is really young. i see some from time to time but not like it used to be. some has to do with tiger woods not being out there but also has a lot to do where every single week we see a new player winning, we don't know who these people live. it is hard to follow it and these young people like to get into a sport and when it is that expensive and it is expensive golf balls went to 17%.

stuart: i saw dick at sporting goods laid off 400 dolphin structures related to the golf business, 400 of them and it is going up. >> that is absolutely right. they have been laying off people -- remember reading another part of that. is the economy. it is expensive to go to golf. it is expensive to buy the clubs. is expected to get the tee time. you grab a basketball and have a pickup game at the local high school that is free. i love golf and is a beautiful game, i never got to enjoy as much as i would like to but it is expensive and that could be a real sign, lack of players to watch and all that. i understand where you're coming from but it could be an economic indicator. >> i want to at one point.

public courses are taxes municipalities bring in, they have been raising the left and right to make up for the shortfall and it is hurting all tremendously. stuart: what is your handicap? >> 8. stuart: you are eight? i am. stuart: when you shoot in the low 80s. that is pretty good. right up front. that is it for the halftime report. thank you for joining us. more recalls that gm, not as many get the problems fixed as you might think. number is next.

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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. stuart: get the recall notice about your car but you don't take it back to the dealer to get it fixed. that happens a lot. >> the numbers are surprisingly 75% of recalls are completed meeting a quarter of cars are never fix for the recalls that they need. to put a number on this a there are 240 cars on u.s. roads right now, 36 million of them or 15%

have at least one recall. liz: how many cars on the road? stuart: 36 million cars on a road which have a defect which is not been fixed. >> 36 million have a defect and many of them are did the defect. stuart: yes but you get a recall and there's reston your bumper did take it back for that? >> luca sbisa and hundred thousand cars gm recalled yesterday. a lot of them are 4 reasons like the seat can move for the turn signal is improperly -- stuart: if i take it back to get the rest on the bumper fix, how about an oil change? give it new tires. they love these recalls. that is what they do. time is up. 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. . >> when i came out saying i'm proud by becoming part of the 1% doing the old-fashioned way, i support 1400 kids in africa.

i clothe them, i send them to school, feed them, educate them. our band contributes millions of dollars to wounded warriors. two shows ago, we gave a wounded warrior a house, we bought him a house. you have to give back. so i'm being criticized by the lunatic fringe who think that being aspirational and working for it is a bad thing! >> that was gene simmons' response being criticized to being a member of the 1%. here's your take on the rest of the show. natalie says this about why millennials are turning away from golf? they are the era of instant gratification and golf is slow paced. ken has this about fund-raising, if democrats lose the senate, they lose the ability to ignore or slow walk all corruption investigations. i believe that is the tip-top of president obama's priorities. got it. all right, that's it from

us. now here are cheryl and adam. >> stuart, thank you very much. >> he had ten seconds, can't believe he handed over the show. >> thank you, stuart. >> hello, again i'm adam shapiro. >> i'm cheryl casone. hedge funds with high fees continue to rock the nation's largest public pensions, calpers says no more and plans to approve 40% of cash and invest elsewhere. the white house plans a new way for investors to grow profit. the $10 billion farm investment fund will give some of the nation's largest pensions alternative way to harvest yield. and new executive order of president obama orders a branch of the commerce department to develop guidelines for commercial drones. will they really fly? >> joining us to explain what the new order means for future regulation and the expanding drone industry, a tech reporter from the "wall street journal." welcome to you. let's explain fit,