with us on fox business, "varney & company" starts right now. stuart: young people have chalked the credit card habit. now there is a switch. the morning, everyone. six out of 10 twentysomethings don't have a credit card. just when you thought everybody was buying anything on credit, turns out youngsters are going the other way. they still use plastic but it is debit, not credit. it makes good financial sense to not use financial debt but you need a credit score to buy a house and it helps the economy if they borrow and buy. yet again millennials have influence way beyond their numbers, they set transit food, entertainment, technology and now personal finance. i think this is good for america, how about you?

monday morning, let's get into the bank rate study be at 50%, those one eels 18-29 don't have a credit card. by comparison 35% of people older than 30 don't have a credit card. i want to look on the good side of this for a second, i think that is a positive for america mamaybe thrift is back, maybe te idea you borrow a ton of money and spend it crazily is out. i think that is a good thing, don't you? charles: that is a good thing with limits. if everybody were to buckle down and not spend money, we wouldn't have any advertising advertising on the show. i will tell you though this is not just the millennials, america took a huge shot.

july 2008 the outstanding credit cards over a trillion dollars. right now 873 alien so we're still almost 200 billion away from the peak. a lot of people go and spend debit. they will spend every nic nickel they have on debit. if you go too long without establishing credit history, one day you want to buy a house or a car and found out i have money in the bank, but you have no credit history. stuart: nice to have thrift making a comeback. spend what you have got, i like that. charles: we don't want before where people spend willy-nilly. everybody was a millionaire on paper, so why not spend it. stuart: short term not good for retailers that long-term if everybody has a more solid credit background you can go back to the credit card.

charles: and wait until you have 20% to buy a house. stuart: kind of out of the box on this because i think that is a very interesting trend, millennials have an outside influence on our entire financial culture. >> they are the biggest group now and will leave the country from here on out. stuart: charles payne approves of our lead story. check the big board, where are we? we are still very close record territory down 20 points. pretty much the same story for the s&p 500, 2003 is where we are there. the count is clearly lagging. harvard has the answer. the business climate in the u.s. is good for companies but not for workers. chief economist at the heritage foundation joining us from d.c.

i looked at this harvard story, businesses in america are very well managed, spirit is alive and well and the financial system is very efficient. then they come out with problems with education and all the rest of it. how do you read this study? >> you look at american companies today, we know what got us into this bubble in the first place was american companies and households and governments overleveraged. american companies today are the best run companies in the world, stuart. that is not something would have said 10, 20 years ago. they are profitable, that is why the stock market is up. american workers not so much. 30 or so percent of americans labor force is not geared for the kind of jobs that are available.

i wrote a piece for foxnews.com, there are about 2 million jobs that can be pulled tomorrow if american workers had the ability to fill them. high schools are to blame because of the basic skills you need to. they want people of basic skills, if you don't know any basic engineering, hard for you to be hired. we have hundreds of thousands of kids every few years graduating with sociology degrees, ethnically degrees, they are not worth the paper they're printed on, they are not preparing for anything employers need in the 21st century economy. stuart: the other thing was the corporate tax mess. if the republicans do indeed sweep the senate, if that happens in november 2 you think

we will get serious tax reform, presented to the president? >> i think there is a good chance of it. showing no inclination to reform the tax system even though he has had to go commissions himself telling him for years you have to do something about the corporate tax system making america in efficient and competitiv competitive. show me one sign this president has any inclination to do tax reform. i haven't seen it. stuart: try this, if we did get tax reform and if the president signed it, that would be giving the candidate the white house. real tax reform would create solid growth of this economy and that would create jobs and going into 2016 saying we did it, look

what we did. hillary clinton in the white house. >> the problem is they don't believe in the agenda, in other words they don't believe this will create jobs and growth. their antenna doesn't pick up this message so it is very unlikely. iin the economic and political self-interest to get something done to get the american economy out of second gear into third gear. the republicans interesting thing as republicans all of them talking about running for president come out with innovative tax reforms, but i bet you you aad i could sit down in 15 minutes and we could grab the tax code and make much more sense than what we have right now. stuart: you don't think it will get past the president's desk is what happens. >> show me where he has ever made is kind of compromises. it would be his benefit, this would be a legacy.

barack obama, do this, it is in your own interest. stuart: how long before the middle-class expands again, middle-class prosperity returns, how long? years from now? what is it? >> if you have the styles and corporate tax reform, the necessary changes to reform, these are not huge things. this economy, american economy is ready to burst out, it really is. the corporate profits, the fact sitting on $2 trillion of capital, you get that reinjected with things like tax reform you can see a boom affecting the middle-class like in the 1980s and 1990s did. stuart: we live in hope. see you again soon. buying ge appliance business.

pay more than $3 billion for it. it is a giant conglomerate of course of $0.12. shares look like a bargain right now. writing that story and produced a 2% gain for boeing. netflix turning on the charm in france expanding in europe. concerned netflix presence will do cultural damage, but the stock is up $4. general motors on a driverless cadillac may be ready by 2016. not sure it would get on the road. microsoft touching a new high, $46.80 earlier today. you could have seen that coming. let's talk alibaba. we call them the chinese amazon going public, yahoo owns a nice

chunk of alibaba and the stock is going up. nicole: the own 22.4% stake in alibaba. up 4 weeks in a row, up 3% today as on friday talking about what we know about alibaba so far. it will trade at barclays behind this, pricing 18th, so we will be watching for that one. the stock is up 3% per yahoo and one of the largest ipos in history. now we should note yahoo plans to reduce stake from 22.4% down to about 16.3%, however this really has been a shining part. stuart: thanks very much. take a look at a stock, i

have to ask charles what do you like, amazon or alibaba? they are both going to be worth the same amount of money in total about $160 billion. charles: if somebody can get the initial public offering, the ipo, you take it. does the first day trading u up 50%, th does it traded 100% higher? the next two weeks i went to focus on it to a better handle on whether or not people should chase it. the ipo is a no-brainer. stuart: a very slim minority of people. it is a largest ipo in history so they can be more of a floating around than normal. stuart: you really don't care that much, would you buy the ipo as soon as he could and chase it and see what happens? >> if somebody was inclined to do that, i would not talk them

out of it. stuart: "i would not talk them out of it." but you would not talk them into it? >> not yet. facebook is very dangerous trying to play the ipo trading game if you don't know what you're doing. imagine how may people bought it and are now kicking themselves because they look at it more as an investment. stuart: you are asking about alibaba and yahoo. >> don't wait for the ipo rally. stuart: now you tell me, could have really promoted that. 6:00 tonight, we will be there. another round of drone strikes keeping the high value out of the hands of a terrorist.

and president obama laying out his strategy to defeat isis, but already looks like more of the same. possible airstrikes in syria. too little, too late? katie mcfarlane answers that question next.

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stuart: monday morning not much for the dow, off eight points. we are back at the $12.50 level there be a price of oil down significantly so, all the way down through $92 per barrel. the 10-year treasury we left it last week with a yield around 242, 243. president obama has a strategy and scheduled to make a speech on wednesday outlining a plan to deal with isis terrorists. this into this. president obama: we have to act as part of the international community to degrade and ultimately destroy isil had you can't contain an organization that is running russia through that much territory. cause not much havoc, displacing that many people, killing that

many innocence and enslaving that many women. the goal has to be to dismantle them. he systematically degrade their capabilities. stuart: the first issue i want to raise with the security analyst at fox, iran. they have been making some sub headlines recently. they're walking away from talks, keep it going, am i right? >> everybody is focused on isis as we should be but people have taken their eye off the bomb. more centrifuges spinning and we have starbucks in america. stuart: does that mean they are creating enriched uranium? >> they have not stopped

anything. look at what they're doing, in fact they talked about the right to continue to build more centrifuges. iran is on its path to do all the things you have to do have a nuclear weapon. talking about isis in iraq, we would be cooperating with iran under some of these scenarios. stuart: is our national security directly threatened with what is going on with iran and the other events popping up? are we threatened? >> we are threatened by isis, a leader has said i will see you in new york. european and american passport holders bitin fighting in syriad iraq pledging to come back to europe, britain, the united states, and unsecured

border, political correctness determining how we look at potential terrorist coming into the united states, the other is a ran and nuclear weapons which iran could have if i ran does not stop or have not found a way to contain the nuclear program. and then a middle east with iran has nuclear weapons, the archenemy to get nuclear enemies as well. a middle east which has nuclear weapons a middle east which is poised for a 30-year war between shiites and sunnis, more radicals, from country to country across the border and nuclear weapons. stuart: no matter what the president does, he could launch the bombing campaign of all bombing campaigns they would not make a substantial difference. there's not much he can do to end the situation you just described. >> the president could talk whad

to a coalition on wednesday night to say let's get the antianti-isis forces together. what he is not talking about and what i think this taking the eye off the ball on is iran. they got there to do list, where is the united states effort to get serious about sanctions and other ways to stop iran? at the end of the day arab oil money is the mother's milk. the mother's milk of the iranian program and until we find a way to have energy independence and push the price of oil damage nationally, these guys are going to have all o the way they want and need to conduct extremist action against the united states. stuart: you don't think he is going say let's get out and drill for our own oil? let's build the pipeline.

>> what he should do is what jfk said. we are going to put a man on the moon within a decade, whic is il be energy independent and put the middle east out of business. stuart: that would be a headline. katie mcfarlane, thank you for being here. after the break more proof your life is going digital. apples and i from making it easier for you to spend your money. they teamed up reportedly with walgreens and cvs for mobile payments. how secure is that? and remember the phony cell phone towers? we have an update on that next. it's monday.

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when folks think about wthey think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over amica. engineing and innovation jobs. advanced safet systems & technology. shipping and manufacturing. ross 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.

stuart: we got this just in from amazon, offering the fire phone for $0.99. with a two-year contract. and a year of prime membership. doing this before releasing updated phones, and was on doing it because the fire is in selling. we want to go back to the scary hacking story you have been hearing about. the high-security phones found

at least 19 fake cell phone towers across the country, all of them can still your personal information and you don't even know it. they explain how these things work. roll tape. >> the towers themselves are virtually small units about the size of the briefcase and are mobile. not a steel tower like your thinking every day. caught in between as cell phone and legitimate cell tower and intercept that information and balance the signal back to legitimate network tower. stuart: we want to know who is putting these things up, that is a mystery. here's what one former fbi agent told us. >> they'r there pretty close a f military bases and i would not be surprised if the military had

listening devices around the base to find out if anybody was trying to listen to them. what is alarming is if the dod is not responsible for this, that really causes no little bit of alarm because they could be chinese or other people trying to spy on our military. stuart: mobile security has become a bigger issue, more make a push for you to use your phone, swipe it to buy things. apple announced a mobile payment system tomorrow. pay for anything with a wave of your smart phone. big credit card companies are on board with this. now cvs and walgreens will begin using apples mobile payment system as well. i have more mobile payments for you. lauren visited paypal because they have some new ways to do this paying easily on your app. >> most people run their errands with their wallet and their phone. paypal has new features that has

been downloaded 150 million times. get rid of the wallet. ahead of consumer initiatives initiatives at paypal, how to run errands with our phone. i don't fill good letting go of my wallet. >> your phone has basically turned into your digital wallet. order a head, and the last one called paypal check in. >> your phone. >> i will take a small coffee. >> i'm filling out the paypal app which will pull out merchants around me in a close radius, one of them being the cafe we are at now.

it shows $3.95, and it told me i paid with paypal. >> ordering ahead, the handy at a game or a concert because he plays or order ahead time. >> we can go to paypal alley, place the order on the app, now we can get our chips and enjoy it. >> when the bill comes after a nice meal, it is annoying to split it. >> we have checked in, our bill comes up on the app, we decided we can decide how much of a tip. we split the bill at the table.

>> you don't have the ball 15 minutes take out your later and you owe this much in that much. stuart: was it that fast? >> just like that. what if i lose my phone. none of the merchants have your information, everything is encrypt did, it should be safe. stuart: is paypal just catching up with apple? >> apple is just catching up with paypal. this is a market by 2017 will be a trillion dollars. this paypal app 159 people in one month have downloaded it. if and when they get into this market, there you have it. we will all be doing it.

stuart: even i? >> you always say you are so good and up to speed and innovations, you roll with the times. stuart: it was good. that was a good report. i have some exciting action during the nfl kickoff weekend. all the talk will be about this. ray rice and his fiancée an end elevator. later in the show, some other stories that we have for you. delays on any action of immigration. a pure political play, we say. the tech world focusing on

apple. steve jobs vision and the state left apple? we have those stories for you. ♪ [ breathing eeply ]

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♪ >> all the way to the 20-yard line. [cheering] >> a flag is thrown. stuart: even i know that that was good. kevin clark is with us. >> i think the reason people the nfl is the surprise games each year. we solve the cleveland brown's.

they gave the pittsburgh steelers a run for their money. stuart: ray rice suspended two games for knocking out his fiancée in an elevator. i warned you, this is kind of graphic. >> the backlash prompted roger goodell to change his league is rules. now, it is a minimum six game suspension. >> what will be the fallout from this video will be the most interesting thing. i think the concussion stuff was huge. there was not video of a concussion crisis. this is something that he will

really have to deal with. they have already sort of release a few statements this morning. there will be indefinite damage control. he will play in week three. it will be very interesting. the ravens supported himm he is a pretty good guy, he just made a mistake. it could be a little bit depressing. stuart: english premier soccer. 3.3 million people in the opening this weekend. one american soccer player, however, everybody knows her, mia hamm, she is here today.

welcome to the program. good to see you. >> good morning. good to see you. stuart: english soccer is really, really big. i am not convinced that homegrown soccer has reached that level yet. >> it is getting there. this was an international break. you are right. i think the, life, the national teams, the sport is growing every single day. people have more and more access than they used to. you had at least, i mean, six networks carrying different pre-and post- game matches. stuart: this is a great game for young people. it is a game of actual movement.

you lead the fun day. >> absolutely. you know, soccer is really about rolling the ball out there and pptting it between the pipes. just getting kids and families to have fun doing it. have them see the benefits for their overall health and wellness. stuart: that is a unique american expression on soccer. thank you very much for being with us. we appreciate it. bernie sanders at it again. a much bigger death task on. tax on the superrich.

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nicole: i am no cool petallides. the nasdaq squeezing out a game. the s&p 500 down three. the transportation average today did hit a record high. we are seeing boeing helping the dow down. microsoft hitting a new high. intel also hitting a new high. wearable technology. take a look at some of the automakers. morgan stanley stepping back on the u.s. automaker. gm down about 2%. much more on "varney & company" coming up. the death tax on millionaires and billionaires. ♪

military families are uniquely thankful for many things, the legacy of usaa auto insurance could be one of them. if you're a current or former military member or their family, get an auto insurance quote and see why 92% of our members plan to stay for life. can you start tomorrow? yes sir. alright. let's share the news tomorrow. today we failrly busy. tomorrow we're booked solid. we close on the house tomorrow. i want one of these opened up. because tomorow we go live... it's a day full of promise. and often, that day arrives by train. big day today? even bigger one tomorr. when csx trains move forward, so does the rest of the economy. csx. how tomorrow moves. [b♪ll rings]

time and sales data. split-second stats. ♪ its so close to the options floor, you'll bust your brain-box. all on thinkorswim, from td ameritrade. stuart: the chairman has stepped down for personal reasons. my favorite producer called the ive garden and assault on his italian heritage. this news will not help. they let you eat all the pasta and bread you want for six weeks. darden is the parent of olive garden.

william and kate expecting their second child. a poll shows a yes vote on independence. what happens if they break apart? bernie sanders self described socialist. a union event this weekend. 3.5 and $10 billion. 55%. if you die with a billion dollars or more, sanders wants to take another 10% out of your families pockets. >> it is your nonsense. no one will die without a will.

>> absolutely. without getting into the absurd economics of this, long before they die. it is not therefore the taxpayer to take. two basic philosophical premises here. this has already been taxed. the second is the proponent of this. the person that does not believe in the personal private ownership of private property. sort of like karl marx. the first of many of his steps towards the steps themes. this might pass.

stuart: do you think that america today is that kind of class warfare? you tax the rich big time. >> i agree with them on his views in civil liberties. he has stoked class warfare more than the president has. no good comes from this. stuart: what we have already seen has taken america more towards europe than any other.

>> how more towards europe? >> that feeling of we should all be in the middle. there should be no real wealth and no real pause. >> the president has people. do not believe that society should be driven by a collection of individual resources. >> it will never happen whether republicans hold. he really wants to play a dreadful hand, which is the government will sooner or later run out of everybody's money.

>> do not. >> i am pleased because everyone's children make society better. stuart: you will go as far as that. >> i do want to discuss independence with you. >> i thought i could drive that. stuart: you know what, judge,

that was not bad. it was a plastic device. you have one man kicked off the flight. we continue that story next. ♪ it's monday. a brand new start. your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure,

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>> at least three flights diver did last week because those angry passengers were fighting over the client seats. patrick, welcome to the program. >> thank you for have a need. stuart: i think that these need to be outlawed. what do you think? >> i agree with you. what you are doing if you are using one of these devices is you are forcing things on the person in front of you without any compromise. this whole conversation, i think, is kind of silly.

it should come down to basic courtesy and common sense. you are within your rights to use it. the point is when you are physically obstructing the person behind you. be a nice guy and say, come back a little bit. stuart: i do a lot of flying. it seems to me that everyone is kind of wound up. it is just not a pleasant experience anymore.

>> can i just say one thing, when you do it, please come back slowly. that is my word for those people. it is just so uncivilized. >> it is a very unhealthy environment. >> it is somewhat of a myth. it is something you touch. an armrest, something that somebody sneezes on. >> we will bear that in mind.

appreciate you being with us. stuart: tim cook. he is in the hot seat. we are talking about that due at noon. ♪ opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances.

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stuart: within 24 hours, apples tim cook will be on stage and tested. here is my take. there is no question that apple is the best technology company in the world. $160 billion in cash. tomorrow, tim cook has to show that apple still has it. he can keep apple cool. sam sold last week showed off its new stuff. they had laid down that

challenge. for apple, it is worth. a big-screen iphone or smart watch. coming up, opinion and analysis of the world best technology company. the ♪ ♪ stuart: we will take it off. they have bigger iphone screens. they will demonstrate mobile payments from your iphone. rob interlake is with us.

>> i think that he can. he certainly can go out and acquire it. the players were not selling very well at that time. we saw it as new, different and magical. thattclass of phone was not selling very well. suddenly, we had these big screen candy bar phones. >> not just an innovator with brilliant products. stuart: you do not think that tim cook have that.

they have no magic. everyone had their mark. everybody was on the airline. going and seeing that same play with in understudy, it just does not have that same energy. the ipad are slowing down quite a bit. stuart: do you think that apple is really at a crosswalk here? >> this is where we find out if cook can step up.

not only the execution on the company, but the magic. it built up its status samsung is running pretty hard. they have not figured out how to bring out a complete chart. stuart: i am trying to read between the lines. you do not think that tim cook can do it tomorrow, do you? if you are right and he does not have it and he does not -- give me a financial comment. >> the stock price drops after a

launch. stuart: what do you think about that i watch. >> they have four of them at last count in market. apple automatically could come there was something. rumor is it will come in around help. a lot of the other products have been there. you can gravitate towards their solution. we have the moto 360. they are coming very hard now that they own motorola. we will see how this plays out.

thank you for joining us. all good stuff. it is getting a boost as ali baba tries to woo investors. look at amazon. remember, we call amazon, ali baba, the chinese. let take a look at them side-by-side. jo ling kent at the roadshow. how do they compare?

>> they are very enthusiastic. it looks like they will kick off some. a lot of the investors will receive ipads. there are a lot of questions. how does this company stack up. amazon, ebay, paypal, all of those companies rolled into one. check out their revenue. then we would also like to show you some of the cooperating ones as well. $1.1 billion as well. a major difference on profit for ali baba versus amazon.

we are also looking at the market cap. a company that is public much, much longer. the investors are filing in right now. stuart: make them juicy. stocks still pretty close to all-time highs. look at this. harvard says it knows why the business climate in the u.s. is good for companies, but not workers. good for companies, that for workers. the price of gold significantly lower earlier.

all yield, real close to $90 a barrel. 92.34 right now. the yield is still flat. i would say that is pretty flat compared to last week. then there is twitter. you can buy directly. >> this is bringing stocks back to levels we have not seen since spring. twitter is now making it easier with people that have android. it will be merchandise. they are starting with names we do not necessarily know. it will expand into names that we do know.

right now $1.78. stuart: you can buy anything directly on this thing. just sweep. and do it. the cool, thank you very much indeed. president obama will make a speech on wednesday. listen to what k.t. mcfarland said about this in our last half an hour. the united states effort to get serious about sanctions. stuart: take us through an

event. >> this is the president opportunity to lay out what he expects in the coming months. an announcement about extended airstrikes. stuart: they have to meet with congressional meetings tomorrow. is it a speak in front of a campaign audience? the most high-value, the most come in prime time. that is not going to happen. president obama will meet with

congressional leaders to lay out a strategy before he makes that. >> the man that many referred to, he is on why he is disturbed by the white house. a pm eastern. what we have here, herman cain on president obama's political position to delay action until after the midterms. paper towels, hand sanitizers. later, nfl teams going. specialty sandwiches at the stadium. next, we introduce you to the top soccer in the unitee states. wait until you see how he earned that title.

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stuart: a mansion in florida. $139 million. cheryl casone, selfie on it. cheryl: this was a little bit of a tough sell. it is not even done yet. you have 11 bedrooms in this home. thirty car garage. twenty-two ^-caret gold gate. private imax theater. that staircase we saw a couple of moments ago that is marble, that alone was $2 billion that this guy spent.

it has the big ocean view. it is a trust that owns it. he wants to spend more time on his yacht. now he wants to be on his yacht more. you say selfie on this. can i sell you on a french château? i can sell you some other stuff. we will discuss it after the show. take a look at this, please.

it is sold at auction this weekend. proceeds will benefit motility work. $250,000 for that ford f150. it holds and annual national truck driving championship. you have to maneuver your big rigs. can you imagine, paul branded took the top spot. fifty-five years old, father of two. he has never had an accident. he joins us now. i have seen this contest, by the way. i have seen you guys compete. let's show some video of what you have to do to gain this top driver spot.

>> we had a parallel parked. stuart: you have to reverse in and parallel park within inches. >> yes. they give you 4 feet longer than the length of your trailer. you have to be almost a perfect 90 degrees. stuart: you are timed on this. you have to do it in a certain period of time. >> right. they give you 10 minutes. stuart: you have a couple of caadles on the back of your rig.

[laughter] stuart: do not give them any ideas. >> the hardest thing is to get there. you cannot have any moving violations. you have to look within your state level to get to the nationals. once you are there, it is not just driving. stuart: have you completed before the national level? have you ever one before? >> no.% this is my first when. >> i believe that it gives me

$1000. the prize is the belt buckle that a champion tips. stuart: i do not know how you do that. a different story entirely. i will suggest the lighted candle. >> i hope that i scored well. [laughter] stuart: congratulations, paul. dry erase markers. hand sanitizers. you have to buy it. ♪

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stuart: all right. before we get to the costly school supplies, three stocks real fast. gopro's stock hit a new high, up she goes, up 6.5%. just one analyst likes it? whoa. tesla's stock took a hit friday after elon musk said the share price was kind of high. [laughter] today he's saying the company could sign a new deal with toyota in two or three years, up she goes, $5. campbells soup, sales higher.

disappointing to the analysts, down she goes, down 2% at 43. now, paying for school tuition, that's one thing, but what about those costly school supplies and other extras? extra fees? fox business network's tracy byrnes, mother of three, not happy about this. what exactly -- you've got three kids, 13, 12 -- >> 13, 12 and 10. stuart: okay. what kind of things did you have to buy? >> i'm already in the hole about $300 at staples for notebooks, they have to supply their own loose leaf paper, pen is sills even. i bought number three pencils -- number two pencils than i know what to do with. back in the day, we got those in school. composition notebooks, all that stuff. the difference now is every kid has to supply a box of tissues, a pox of whites and a roll of toilet paper for the classroom because, apparently, our tax dollars aren't enough to -- stuart: you have to supply that kind of basic supplies for -- >> paper towels, tissues and hand wipes. stuart: how do you feel about that?

>> it's a lot of money. stuart: what about fees? >> there's tons of them. there's a pta fee, a class gift fee they collect at the beginning of the year, there's fees for you want your kid to get pizza at school, and that actually, unfortunately, is an up-front fee, so i have to front the whole year of pizza, which i think i paid enough to feed 15 kids, not just three. stuart: don't you have to pay for sports events after school? lacrosse fee or a whatever fee? >> rec fees, i always say they should be put in the inflation calculator because they have gone up, they've probably doubled since when my kids started. stuart: look, i've had six kids, so i've been through all of this. but in my day, now say 10, 15 years ago when i had young chirp, i was not paying -- children, i was not paying for fresh wipes and hand moisturizer, whatever that is, toilet paper. that's recent, isn't it? >> it used to be ten cents for a little thing of milk.

that was the extempt of what we brought in every day. it's very expensive. stuart: is there any upside to this? i know what it is, and you're going to tell us. >> my kids actually really love shopping for school supplies. [laughter] stuart: there's nothing you can do about it because if you don't come through with all these supplies, you look bad. >> they -- stuart: guilted. >> they have supply quizzes. so if they don't come to school with a roll of tape, a box of this and that, they fail the quiz, in theory. stuart: you live in new jersey, a relatively wealthy area -- >> it's killing me. yes. killing me. stuart: and nothing you can do, is there? >> nothing. stuart: except just steam -- >> eat mac and cheese at home. [laughter] stuart: well, we feel for you. i've got all six of my kids out of the house. >> you're lucky. you don't have to buy paper towels. stuart: you're not going to be happy when this happens. i've got three in college simultaneously. >> i know. i will have that too. that's bad. and lonely. quiet.

stuart: you need a third mortgage. that was good. thanks very much, indeed. i want to the -- oh, wait, you're not done. >> i'm not done. stuart: i want to get your reaction. bankrate.com says six out of ten millennials -- 18-29-year-olds -- they don't have credit cards. now, i was shocked about that. you're much younger than me, what do you say? >> i was shocked too. i think part of it was this credit card accountability act. i walked out of college because i filled out an application for discover card unbeknownst to me and walked out of college with a credit card and debt already. so they stopped that. i think that prevented a lot of college kids from coming out of school with them. stuart: it's a good thing -- >> i think it's a great thing. stuart: -- they're not borrowing to spend. they're spending where they've got the money. >> i know the argument is that you establish credit when you have it, but millennials don't pay it back. and many of them admit to being late, even missing or paying the minimum due. so, you know, i understand that

you need these things to establish good credit and get a mortgage someday, but i think they're better off entering the world without debt. stuart: these millennials are really having an impact on all of us. food, entertainment, technology and now personal finance. extraordinary stuff. you know, tracy, it was fun having you back. don't be such a stranger. president obama delaying any action on immigration until after the elections. i think it's just pure politics. it's all about the hispanic vote, isn't it? or not. he knows he will lose the senate if he goes for amnesty, so he's not going to do it now. herman cain on that next. ♪ ♪ when folks think about what they get from alaska,

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♪ muck i. ♪ stuart: all right, let's get right into the mihm gration debate. president obama's delaying a decision on those executive actions until after the midterms. listen to this. >> i'm going to act because it's but it's going to be more sustainable and more effective if the public understands what the facts are on immigration, what we've done on unaccompanied children and why it's necessary. stuart: that's the president saying, look, he's not going to

take executive action to grant amnesty to any individuals, to any immigrant group before the november elections. what happens after that's another story. herman cain is with us. herman, i say that is flat out politics. he knows that he would lose the senate if he goes ahead with amnesty for four or five million illegals. what do you say? >> i agree with you, stuart, absolutely. positively, affirmatively. he didn't worry about the american people understanding it when he made that threat earlier. what has happened is his democrat, his democrat colleague ares that are running for office have basically said, mr. president, please hold up because, one, it's going to infuriate conservatives, it's going to infuriate independents and people who are not diehard republican or democrat, and it's also going to infuriate some of his own supporters like unions. see, the unions see this as taking away jobs from some of the union workers. so he was really going to basically turn off both sides of

the aisle if he were to do this. so now he tries to put it in the posture of he wants the american people to really understand what he's doing. we know what he's doing. he's playing politics. stuart: but a if he delays until after the election, he still hasn't pleased anybody. he's infuriated hispanics because he's done nothing now, and everybody knows that after the election he is going to do what he was going to do before the election, so that hostility survives. i think he's painted himself into a corner on this issue -- >> yes. stuart: maybe it's possible that the immigration issue is no longer a plus for democrats, it is a plus for republicans. is that possible? >> i think that is possible. and i happen to think that even after the election let's make the assumption, and i'm hopefully, i'm cautiously optimistic that republican-controlled house in the senate, he may not go ahead with that because then you have a republican-controlled house, a

republican-controlled senate that if he were to do something that gets outside the bounds of his authority, they could challenge him on that. so he may just let that sleeping dog lie after the election since he didn't do it before the election. stuart: what do you think it would mean for america, the economy and the markets, if the republicans did, indeed, sweep in november? what do you think would happen? >> i think, first, it would help to stabilize the economy. because i believe that the house would pass a fiscal year budget. they haven't done it in 18 years. and the senate would confirm it, and we'd send it to the president. it would help to bring some confidence that maybe some of this uncertainty in the economy is going to settle down. i think that would be good for the economy, and it would provide some business people some confidence, and it would also provide some confidence to those who choose to take risk and invest in the stock market. i think it would be an overall

plus because at least now you have both houses of congress in a position to be able to slow down this administration with some of its very liberal socialist policies. stuart: but wouldn't it open the door to a democrat to walk into the white house in 2016 on the back of a nicely improving economy? take the credit for the improving economy, take the credit for more jobs and growth and say look what i did for you, put me in the white house. that's hillary clinton's ticket to the oval office, isn't it? >> i don't think so. i think that if republicans maintain control of the house, get control of the senate, i think that would help the potential republican candidate because you have people like hillary clinton out there saying climate change is the most important thing that we ought to be worried about. no, it's not. people are waking up to what the real issues are, and i don't think that they're going to give democrats credit, because while democrats control the senate and you had a democrat

administration, things got worse and worse and worse. i saw an article that was published recently by jpmorgan chase that said we are entering economic calcification. it's called hardening of the arteries for our economy. and i think a lot of people are starting to wake up, stuart, because the latest approval rating of the president, according to gallup, 38%, an all-time low. that's encouraging that a lot of people are waking up. stuart: for give me for asking an off the wall question concern. >> you always do, stuart, it's okay. stuart: i know you used to run godfather's pizza, right? you ran it. turn the ceo. >> yes. stuart: do you think you could run apple better than tim cook's running it? because he's on, he's got a big test coming tomorrow. can he keep apple as the best technology company in the world, can he keep them cool? if you were running it, what would you do? [laughter] >> i don't think i could run it any better than tim cook, and

here's why: apple has a history of rolling out new products before the existing products become obsolete. i just bought an iphone 5 a year ago. now they've got another version. they got a new one coming out. they have consistently tried to stay ahead of the technology curve, and they've tried to consistently stay ahead of the consumer. i don't think i could do any better than what he's doing with that company right now. they are very successful. stuart: you always do so well when i chuck you these curves at the end. you're so good, herman cain. and what a pleasure to have you on. >> i love, i love those curveballs, stuart. i look forward to them. [laughter] stuart: gotcha. thanks, we'll see you soon. >> thank you. stuart: the obama administration calls it economic patriotism. but according to one company, more than half of businesses here want to do just that, jump ship. we'll deal with that next. ♪ ♪

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from biotech in brooklyn, to next gen energy in binghamton, to manufacturing in buffalo... startup-ny has new businesses popping up across the state. see how starp-ny can help your business grow at startup.ny.gov [ female announcer ] we love our smartphones. and now telcos using hp big data solutions are feeling the love, too. by offering things like on-the-spot data upgrades -- an idea that reduced overcharge complaints by 98%. no matter how fast your business needs to adapt, ihp big data solutions can keep wireless customers smili, imagine what they can do for yours. make it matter. ♪ ♪ >> i'm nicole petallides with your fox business brief. we've had some back and forth action, the dow jones industrial average down about nine, 17,128.

no record today, though we've seen some recently. the nasdaq is up six points at the moment. taking a look at darden, participants of the olive garden, offering for the pasta lovers never ending pasta and soda for $100 for seven weeks, so if you want to get that, up half a percent. taco bell testing out a way to battle in the breakfast area and having a taco biscuit for breakfast, trying to steal market share from mcdonald's. we're also watching hertz closely, carl icahn to announce a stake of over roughll 8.5%, today we hear that the chief executive stepping down, and we'll have the new -- brian mcdonald, head of the equipment and rental business, @tepping in as interim ceo. and when i find it- i go for it. (announcer) at scottrade, we share your passion for trading.

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who work with portfolio management experts that's when expertise happens. mfs. because there is no expertise without collaboration. ♪ ♪ stuart: it is that time when we bring you the real halftime report. we have the stock market still pretty close to record highs despite the rather weak economy. look at that, the dow's only down six points at 17,131. pretty similar story with the s&p 500. hardly any movement but still right close to a record high. couple of big names you know 'em, and they're moving. electrolux is buying ge's appliance business, $3 billion. no impact on xe's stock, it's -- ge's stock, it's not moving at all. $3 billion ain't that much. general motors working on a driverless cadillac, may be ready in two years. probably won't build a road in

two years. gm sticking at 33. and netflix, it is expanding in europe. it's trying to turn on the charm in france. the french are concerned that netflix's presence will do cultural damage to some original french language programming coming the way of paris. netflix stock is up. barron's says boeing's stock looks like a bargain. phil roosevelt is here with the monday morning barron's bounce. you did it again. over the weekend you said boeing looks good, up she goes on monday morning. what looks so good about boeing? >> well, the price looks very good. the stock's down this year on a lot of early short-term issues, and this is a company you have to look at over the long term, everything it does is long term. and the trends for its market are fantastic. global air traffic's probably going to grow at 5 or 6% a year for the next 20 years, anddto just keep up with that and replace the existing planes, the industry's going to have to produce twice as many planes as it did in the past 20 years.

stuart: there's only two companies in that line of business, boeing and -- >> right. and this one's more profitable and more innovative. this is the better bet. stuart: so the dreamliner then is a fine plane and a great plane for poke and its future -- boeing and its future stock price? >> it had a long, slow start but, again, their product cycles are, like, 40 or 50 years. the 737, which is their main plane, that was -- they started that this 1968. i mean, you really have to take a long view when you're looking at boeing products. stuart at 127 now, where did you say it was going to? >> we think 20% or so. stuart that would take it above 140, 150? >> oh, i don't know. stuart: 150. are you cool with 140? >> yeah. stuart: all right. you got your barron's bounce again. congratulations, phil, good stuff. from stocks to economic patriotism.

treasury secretary jack jack lew talking about fixing the tax code, and senator schumer is preparing a bill that would penalize companies that move overseas for tax reasons going all the way back to 1994, making it retroactive to 1994. that's what senator schumer wants. meanwhile, one of the biggest financial consultancy firms says it is seeing a 55% increase in companies considering moving overseas. joining us now is benjamin alderson who joins us now. up 55% in people just asking. tell me the pros and cons of moving. that's a huge jump. >> well, it is, but i think more and more so we run, you know, regular polls with our clients, and i think it's becoming more of an issue for them. i think as you read many of the news stories, you see many large conglomerates, you know, burger king i can think in the last few weeks, okay, moving to canada. it's been happening. i mean, across the board in

europe it's happening there. stuart: there is a specific and big tax bonus for an american company which redomiciles someplace else. you can tell 'em that. >> absolutely. i mean, the u.s. is the largest economy in the world, as we all know. it's also got one of the highest corporate tax rates, think it's number one in the oecd can countries list. you look to a place like ireland, the u.k.'s trying to make itself more attractive to business, but the u.s. is behind the curve -- stuart: so it's just the domicile that you change. you don't take a factory over there, you don't take the whole headquarters, just a couple of accountants and a couple of lawyers, set up shop in dublin, and away you go, is that it? >> no, unfortunately, it's a bit more than just that. you do typically start with mergers and acquisitions, you're buying firms. going back to the burger king example, you know, if the revenues, you can demonstrate revenues are coming from a foreign entity, perhaps a number of employees is another factor you can look at.

stuart: but what are you going to do about senator assumer? he wants to retroactively say we're going back to 1994. that's 20 years. you did one of these tax moves anytime in the last 20 years, we're going to take all the benefits a -- off you. >> i'm no lawyer, but i think it's very difficult to justify that. every time you've seen cases where you try to do things retrospectively, the argument usually comes on the legislation that no one is -- stuart: so you can get around that, can't you? laugh. >> i think with the right advice, the it's a fair argument to say that you did something that was legitimate at the time that you did it. this is all sorts of moral arguments, i think, that we hear more and more. but i think, ultimately, companies have duties to employees and the shareholders, so they have to. stuart: you know an englander, aren't you? >> yes, i am. stuart: how do you feel coming to america and telling companies, let's get out of here boys? >> you're trying to shoot me down here, stuart.

[laughter] stuart: no, no. you've been here two years, right? >> that's right. stuart: you're going to stay, respect you? >> you bet. overall strategy for corporates and individuals as well to look at all their options and, you know, you have a duty as aned visor to help them understand whatever those are. stuart: a 55% jump in business inquiries, that is huge. >> yes. it surprised us. it surprised us. stuart: so business is good. >> it's getting better, yeah. [laughter] stuart: did you come over here just to tell american companies how to go over there? did you do that? >> no, not at all. we do things, it was just a very specific poll we ran that we got a great response and, actually, a very surprising response for. stuart: i didn't mean to put you on the spot. >> you did. [laughter] stuart: i know. it was good though. benjamin alderson, thanks for joining us. >> thank you very much. stuart: after the break, fast food nfl style? super high calorie, high fat concoctions that would put even the hungriest fan to shame.

we have some of the most outrageous examples for you after this. >> we take 18 ounces of sizzling ground beef and soak it in rich creamery butter. then we top it off with bacon, ham and a fried egg. we call it the good morning burger. it's monday. a brand new start. your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that.

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stuart: ah, real football is back. american football, that would be. lots of football and food, okay? aramark partnered with 11 nfl teams to deliver menus that are themed to the team's hometown, and lauren simonetti is here with examples. >> i can't wait to try some of them. stuart: a sand witch that's sold for cleveland. >> this is the cleeve land browns' special sandwich, it's the bad to the bone bo low that. see that little sauce? that's a bologna cheese sauce. i want to try this one. when was the last time you had -- stuart: wait a minute, you could not eat all of that. >> i could try. stuart: would you? >> i could eat it all. stuart: something from the steelers, as in pittsburgh. >> yes, the pittsburgh steeler after their former coach, you're looking at kielbasa, believe it

around, kind of shredded on that bun and onion bacon sauerkraut. stuart: don't tell me you could eat that, because i know you could not. >> i mean, i could try again. i think these sound delicious. let's get through them. stuart: the vikings. >> this is a burger with fried egg on a pretzel bun. this one's probably more difficult to eat. stuart: your kidding me? >> i'm going to say i can't eat that. stuart: all right, last one, i've got to get this one in, kansas city chiefs tailgate stack. >> this one's interesting. it's fried dough, globs of cheese and malted beer syrup. but they're so creative, right? [laughter] i mean, you think football and beer, i think food like this. stuart: 3,000 calories. >> i'll get you a gym membership, don't worry. stuart: thanks, lauren. more varney in just one minute. [ hoof beats ]

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