ke a government official or radical activist believing jim-crow for the baltimore riots. 97 percent said radical activists. that is it for us. goodnight from new york. >> note to hillary clinton to shuffle the deck that is bigger than you thought. believe better not your old boss made it worse. welcome everybody i am neil cavuto. not just america but the world it has widened everywhere according to a report of the organization for economic development that gap of the 10% is the widest it has been on average they now make 10 times more than the bottom in the gap is still growing

what is so the nation's to be so heavily in debt to stop the social train wreck. we have not seen these extremes since the reagan years and he was the budget guide during many of the years he warned about many of this stuff now they're all about to be taken to the woodshed because all refuse to do anything about it. the chickens are coming home to roost. >> that may be true but not for the reason that people think. the huge disparity not because of a flawed capitalism or raise --

reagan tax cuts but the central bank's federal out-of-control trading money like no one imagined with a worldwide financial inflation and when you have that people that own the stocks and bonds it is a windfall. neil: to be proportionately out of whack post miltown. >> has gotten worse we have such a bias in the news people forget what happened but let me give some context in 1980 said gdp was 3 trillion the total value of equity and debt in the u.s. economy was 7 trillion.

today the total value of equity and debt is $92 trillion. instead of to slavish one financial value now is 92 / 175 / one. those are not sustainable in real values so with those bond prices that have been inflated because the other central banks have bought so muni bonds have driven up the price and driven down the yields you might recall your viewers from a few weeks ago now who in there right mind even in germany. neil: who buys that?

the central banks of the world have taken their balance sheet to buy the bonds. neil: so they keep this artificially high. >> how does it screw them on the bottom but it is not helping the economy to siphon financial resources it is creating vast redwood falls the 10 percent of the top is 85 percent of the financial assets. neil: the central banks have taken over with unconstitutional domination

particularly bin bernanke. >> bernanke is one of the most destructive men who ever held high office in the united states. it is true. he is a keynesian who believes the federal reserve by manipulating interest rates with the yield curve and to manage the entire amount and to stabilize. >> of course, he says that because you cannot prove otherwise. with this economy it recovered not because of ben bernanke but slightly zero or moderately to have a big

liquidation of debts and investment of production when you bounceback. neil: but this is the map that shows 32 states facing their own fiscal crisis. they need to raise taxes or cut spending or do both but that is well into a recovery >> that is just symptomatic of a general problem that the states are suffering from lack of economic growth with income creations. secondly they have a huge entitlement problem with the unfunded pensions. neil: but the states have to address this. >> but they have used various gimmicks to under

fund the pension if not for decades now the chickens come home to roost so they're suffering these problems it is only indicative that we have not solve the deficit we have just kicked making an. neil: with the gdp to come up but thanks to him things are turning around but to get their reaction. >> what is indisputable from when i took office from every economic measure we're better off now than we were when i took office. neil: that is a consistent theme of his. >> to be at the bottom of the deepest recession since world war ii you cannot cherry pick you have to look at the trend. the truth is the

unemployment rate would be 10% but the labor force participation rate that was in place when you took office looked at the seven years we created 3 million jobs compared to the 6 million of the previous seven years of recovery and 12 million from before. neil: we would have to have a big growth spurt. >> barring that we have to recognize we cannot print our way to prosperity they need to get their foot off the neck of the market the rates should go to where supply and demand for crowfoot knows where that is. it would be substantially

higher. neil: imagine that to our debt. >> that would finally wake up washington and force it to face the real fiscal issues for those who borrow money handover fest with the stock prices but that doesn't help the long-term value creation and growth so those signals are given to public and private sector players with financial value the price has been falsified by the fed. >> with those rates going up what are they putting off for you? >> they are petrified that wall street will have a fit because they have been fuelling the you have to let

it happen it is about supply and demand with the people deciding what a stock is worth. >> but it is the pain that is abrupt and tough to let anybody else interfere. >> absolutely. neil: then from bank of america? >> i would have let morgan stanley to wonder i would have them take the hit but though holding company investments. neil: but that would freeze capital worldwide? >> who knows what we're in so deep with 92 trillion is

not sustainable value. neil: many say the market is undervalued. >> is a joke these are the people trained by that our there is no sense of real value. neil: if ronald reagan would come back and he knew the deficits that he warned about comedy think he would have said i should have brought it back a little bit? that the revenue from these tax cuts i did not appreciate the degree to which my party would spend that money? >> he would be modified not just by the deficit but he appointed alan greenspan to the fed with a finance guy

but turned out to be the biggest central-bank monetary planner who would have tremendous regrets to feel betrayed from greenspan once they went down that road now congress lost control entirely. >> to have nearly 19 trillion of 2% said people of washington state we will get to this tomorrow but tell politicians that doesn't cost anything it is a whirlwind of tremendous crisis. neil: david stockman. agree or disagree he may choose the koch.

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neil: climate change constitutes a serious threat to global security immediate risk to national security and make no mistake it will impact how our military defense our country. >> as the top national security risk what differs is the immediacy not even making the top-10 the group's founder is with me now what should we be worried about? if you don't business climate change on the front burner issue? >> we could be doing more but i look at what is happening right now with isis on the ground in iraq and syria not quite the lgbt man the ability to react to

his being punished to the united states and allies with the politics of europe and the with the transatlantic relationship there are plenty of things to be concerned rather geopolitically we will see that emerges in 2016 but talk about kids or grandkids neil: one of the things i hear from the administration is that we could address this as a concern that i say no you can you have to be focused on one crisis at a time. >> start with one and the issue the reason why our allies are not doing what we

want as the israelis come here or they don't, and ask them to to say please don't precisely because they don't think we are committed whinnies think about the redlines americans have drawn whether north korea nuclear or the iraq situation and we must destroy isis whether russia leaving ukraine we have not responded to any of these. neil: deal think by design the president wants to disengage because of a global cowboy? you could see it in one decision after another with the neighborhood of the middle east for europe to take care of the ukraine situation?

but not as a candidate running for president and he should not be surprised. there is the pattern and a procedure. >> you can have a coherent policy but what we have done is to isolate the russians to have the chinese do more business that is the inconsistency that is incoherent but it is a reactive this fed is getting worse but just like in tennis you hit the ball back but you cannot even be a club player. neil: it doesn't surprise me you are a good tennis player but the message from the

more bellicose administration's we have little to show for it that we try to force influence it comes back to buy gas to the iraq war and vietnam then they come along. >> i guess i would say free trade is always been in iraq and afghanistan but the question is how little is america prepared can we be honest with allies? we cannot tell the saudis we have your back. that we will destroy isis with no boots on the ground. that requires it and more than 10,000 i am okay with that policy if you will articulate that cost over

the long term and then to say we will not sets these redlines. neil: i always wonder behind the scenes. >> look at russia and in ukraine and i see the americans to say we will punish these guys ahead of the sea a the vice president that we will let them join but it is great to meet you you could be forgiven for believing we actually will support them and help them beat back the russians that is the worst thing you could do is also. stock with that. neil: good to see you again. in the meantime the climate

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♪ neil: after $60 billion from tax payors another sandy dandy. a lot of it did go to promoting business in each of those states. but it really didn't work. but that has not stopped andrew cuomo from doubling down. so we have more on when disasters things to happen with disaster aid. and some say it became like a

campaign pitch. he is spending millions more to promote these things and i'm thinking that it's like wait a minute, how does that play in and what you think. >> i remember back after september 11 we got aid from the federal government. but it was a very different situation where we had hotels that were empty leaders that were dark, restaurants and had no customers. people were afraid. no one is afraid to come now. it's not as though another storm is going to sneak up on us. so into the economic climate. >> did you do anything like that after september 11? because this seems to be taking a leap beyond that. >> i understand promoting it, but when i left we have the lowest unemployment rate ever sent keeping records and they actually work.

>> fair and balanced i mean he was famous for ripping john boehner a new one because there was a hold to $60 billion in aid because congress was dithering over and they felt like there was a lot of quid pro quo. to see and monitor where that bill was going and this was the kind of stuff that we have found cents. >> i understand the concerns our likeness and there's always that risk. that's why when we got this aid after september 11 we were very careful. we created a separate entity for every single nickel that was spent and it was all preapproved. neil: there was a lot of waiting. >> when you go down to the jersey shore you still see areas of the city that have not been repaired. >> i guess what i'm wondering is if this is what we are going to

do with disaster doesn't give taxpayers cause and not just opening your wallet enact. >> absolutely come you have to have a reason for the financial aid. and the federal government should rally and make sure that it's done to help them get back on their feet. >> i'm going to talk about what my decision is in the birth place of our nation. it will be my 10th trip to new hampshire, the first primary state and i think that your viewers can read between the lines. >> if you're not in that top 10 tier, fox is cutting it off. so what do you think of that. >> i would not have been in the top 25.

and so you know you can't change the rules come into play by the rules and you fight through it. neil: if you are not in the 10 it is hard for you to get on stage. >> estimated, but ultimately i'm a great believer in the american people and the value of hard work and starting at the bottom and it's not where you are in august when the first debate is but where you are next june when the convention is being held and when the nomination is held. you play by the rules come if you don't like it, you complain and you work hard, as i said 94 i was at zero. you start at the bottom. neil: what you think. if you went with who is in the top 10 abraham lincoln could've been there. jimmy carter carter certainly

would've been there. >> yes a lot of people like lincoln that were really unknown as they had a chance to shine and the public rallied around them and you can look at the result. neil: do you ever wonder what the question would be like? what kind of things that they would be asking? let's just say that the faint of heart need not apply. ♪ ♪

neil: do you ever wonder how terrorist groups recruit? in the case of al qaeda, do you wish to execute a suicide mission, or what objectives would you like to accomplish on this path? or who should be contacted in case you become a martyr to how is that for a job application

and for scary? because all of that israel. among the treasure trove of documents actual job applications aimed at rooting the very best or very worst. and so you can imagine what the application of isis looks like. >> i cannot imagine. this is the most bizarre application i have ever seen and it looks like it was ripped from the dictator. questions are outlandish. >> i mean this is what they would ask an elementary school teacher and not a terrorist. >> this is a twisted organization and yet they are read in many ways. so can you imagine typical questions that would be disqualified it's actually an

attribute for al qaeda. if you have a terminal illness remapped no problem you will end up blowing yourself up anyway. if you serve time in prison, terrific. neil: you know what i can wonder as well, you know that by standards that isis is so bad that al qaeda is afraid of them. >> that is what is so frightening. they got most of their revenue compared to isis getting $3 million a day. this is a real corporate entity. it makes al qaeda look foolish. >> i am wondering what we do to stop that. and people are signing up worldwide by the thousands. >> social media. this is the difference and it's such a very serious threat.

they are doing the very young horrible treatment. >> i think the make list. >> we are also recruiting right now. and there is this evil that they are spreading around. >> there is a sophisticated intellectual men, it is very scary. and it's even more frightening i think.

>> they are looking for the isolated kid that they can communicate with and like you directly. neil: so what do you think. this is incredible. thank you guys. in the meantime another health care hack attack optimizing more than a million accounts. and that's not to say that i told you so. but what hacking nut job wouldn't want to talk about your deepest darkest secrets remapped

neil: here we go another health care hack attack. this time on blue cross blue shield over 1 million records stolen with personal information, birth dates and e-mail information. so why are hackers after our records and what they are planning to do? what amazes me about this one is that happen in june of last year. >> what is interesting is the u.s. sound bided this and you actually predicted that it would be health care they got hit next and you were right. >> but why? the company says no financial data was compromised and so i guess we are supposed to breathe a sigh of relief. but it still hacked. >> at the end of the day it is a superb business model. they are generating over $500 billion per year and number

two is because it's the path of least resistance and we know that health care information is the least affected out of any vertical market. and the hackers can broker this for five times the identity theft information on the black market. neil: it is the same deal. and i'm wondering why increasing this would be a part of this. where do they sell that data and where do they make their money off that data reign. >> the best way to look at this is where is the point of origin. if you look at the demographic and the pedigree of typical hackers, this looks like this because they go after them both. but the second part is the resell value which is significant because there's so many different things that they can do with it. and if they really wanted to

maximize this, they will sell it to isis or al qaeda. if they want to disrupt the american public they can change this blood type. so god for bed that you have this. that is the problem and the thing that we need to be concerned about. take celebrities or anyone in the public eye. if they take that information and someone has a medical condition no matter what it may be they are knocking on your door and saying would you like the world to know you have this or this because now they know in an extortion is a huge business as we look at the business model it costs them next to nothing. they still don't know where it happened. the worst part about it is we are not even going to address this because typically health care does not approve the

sophisticated cybersecurity assessment and protocols. they are looking for baseline security approaches and then i can make a bunch of money out of stealing it then why not steal it. >> this is why feel that someone else is going to get hit. >> coming back to this last december you are right on point. in the last five years one third of the american population has had their health care information hacked. >> is that right? >> that is absolutely correct. >> it must be a sign of the times because your career is booming. >> that is absolutely right i have to thank you publicly for that because it were not for the opportunities of working with you that would not have come up. it will be airing on june 29 and it's about protecting america's women and families.

neil: we knew that you are doing great. we thank you very much. in the meantime you may groan about having to answer e-mails about leaving the office, but some are actually doing over the coming up next. good. very good. you see something moving off the shelves and your first thought is to investigate the company. you are type e*. yes, investment opportunities can be anywhere... or not. but you know the difference. e*trade's bar code scanner. shorten the distance between intuition and action. e*trade opportunity is everywhere.

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neil: it is the middle of the night and you are breaking out in a cold sweat. it's your boss and he's e-mailing you and wants an answer and you are just snoring. do you think it can wait until morning? here is betting your job that it cannot. they expect companies to be on the clock because the phone you are looking at is theirs which means that you are theirs as well. this attorney agrees and another says once you are off the clock you are off. can you explain? >> you should be paid for the time you are working.

whatever the time may be. if you add up the minute it comes out to the 25 hours per year. that's time that you're giving to your company time that they should be paying you for. and the other thing is that if they are not paying you for it and hire more people and then we can help the unemployment situation. but hire more people to do the work. if you're going to make people work when they are on vacation and home at night. >> it is a new reality and maybe it's always been this this way. if your professional newsperson or a lawyer you are expected to be accessible. the nine to five work week is never really existing for people that want to achieve excellence. if you're serious about your job and your work you use the tools that you have including a supplement that may be given to you by the company. and especially if they give you a cell phone like in the case of t-mobile. >> don't you guys hate when

people say they are not in the office right now and you think you are a good for nothing [inaudible] >> its value in your client and value to you. >> but if i need to be a part of this after hours, you're not going to get back to me. >> actually i am going to get back to you. and i will get back to you anytime if i am paid. >> you ever see these super sales and discover that they are not that super? jcpenney has been sued for having what critics are calling sake sales. in other words they say it's 50% off but it is not. and it's not off of anything. there are customers that are suing and others have been called upon this kind of thing before. >> in california they definitely

have it because the prices in 30 days has to be at the average price of its produced from an in order for the company to get away with that. >> do they track what was their? >> yes, but what is the damage? they are playing $18 for a blouse and they're getting a bargain no matter how used again and the customer can always bring it back. the people are profiting basically without any real harm being suffered. >> the interesting thing is that the california supreme court has said that the damage is not getting what you had expected. in the case was made in usa. if you advertise that something is made in the usa and it is not, people were able to sue because it didn't meet their expectations and just the whole idea. >> in this case, if it sounds too good to be true i always think that it is. and so i happily pay full price and then make a fool of myself

because i can't deal with this. >> at that the california supreme court has said that there is value in thinking you have to deal. what that value is going to be is up to a jury. >> it something like 50% 75% did two suits and we will give you five free. [laughter] >> you cannot prevent against idiocy. the consumer knows what they're getting, they can see what they are getting the origin of goods should be clearer. if it's made in the u.s., it should say so and so i might be savvier than what i think. >> yes now you can look it up and you can find out what things actually cost. but i think that one of the things they are asking for is that they need to stop doing this and that might happen in california. neil: i guess you make more money then. okay in the meantime protesters piling on mcdonald's headquarters today.

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neil: macdonalds shareholder meeting. could all of these protesters be out of a job that before you can get the higher wage? to push for standard overtime rules could cost business is upwards of 800 and $4 million. the man behind that study includes david. i'm sure that you have heard from those who don't think much of your study. what do you say reign. >> all the rules have unintended consequences and even the most well-intentioned rules. we wanted to look at the unintended consequences and what we found is that the overtime

rules will eliminate a career pathway forward to better jobs for middle income workers and we think that that is a complete contradiction to the presidents stated economic goals. neil: if you work more than 40 hours a week they say you should be compensated for that. do you argue no. >> first of all retail employees are great employees and this is one of the true reason the american economy. if you're good at retail you can advance quickly through the ranks of the department manager and store manager and so on. this is going to shift store workers from hourly to salaried. but it's unlikely they will have a career pathway into management that exists currently. >> you think that a lot of retailers took the money side of this that they will try to watch over time and that it

hurts everyone? >> you know, just like the affordable care act, there were consequences to the affordable care act people changed the business model in order to deal with the regulations and are doing the same thing here. we ask oxford research to take a look at this and what they found was rational people will make rational decisions when the economics of the overtime rules have shipped. >> that is very interesting. david, thank you so much. and a lot of you have been asking questions about this because you've been hearing rumors about this. on june 1, the show is moving. we moved out of apm and go to 12:00 p.m. and so we will continue to do the show here and anyway, it is called neil cavuto coast-to-coast. we are covering news as it's

happening and all over the world and if it breaks, we are the ones they are picking up the pieces and helping you sort it out. get ready because this is going to get fun. century old movie theater passion of small town businessman. >> his dying words were, angela, don't let the theater go. >> that could be a long haul. >> anything that could go wrong went wrong. >> are final credits about to role? >> did he know you would step up? >> i didn't get to tell him. i am sorry. >> will there be an encore performance. >> do you think to yourself, i wish my grandfather would have left me the house. >> so many times more than you know.