time. coming up right now melissa francis is here. "money" starts. melissa: a major case of identity theft. returns from 100,000 people. they did it from the agencies website. scandal corruption. the clinton foundation rate did as much as $6000 from fifa. adm could collapse. washing away homes after record rains in deadly flooding there. when jurors and looters. the debate has spacex gets ready to cap a huge market. pedestrian protection. driverless car. that car is extra. the car safety demo that went terribly wrong.

wow. let's have a quick look at the markets. one of the biggest losses. >> new tax returns. greg surprising? >> not at all. this is not a hack or data breach. yeah it is a data breach. it is not a hack because they went in the front door the 12 how embarrassing. it would be better if it was a hack. it allows you to download and use it to go back and file new

ones. >> here is a personal identification question. what was your high school mascot? it is easy to find out who went to which high school. it has the mascot. >> are you saying that the government is not efficient? this is, what is really scandalous melissa right now the irs has more of our personal information ever in history. what is iris doing by the way they are blaming other people. they are blaming turbotax. melissa: it would be funny and ironic. $5.8 billion in taxpayer monies was stolen from the irs and state returns in the most recent year. >> it is not funny at all. when you factor in how much information they have of hours

going back to obamacare it really is frightening. we know that this will not be the last time. just like obamacare they blame somebody else. they did not take responsibility >> crime pays better than working for the government. if you are going to be an engineer to work on security or hacking or any of these programs you have to really have a dedication to law enforcement, i guess rather than going out and making money off of that skill and knowledge. >> why do you rob banks? because that is where the money is. the mother load. if you are a thief you could not find a better place to go into. melissa: arrested on corruption charges. federal investigators uncovering $110 million in bribes linked to the planning of a 2016 soccer

tournament. >> i think that you will see that they were pretty clear. there were discussions about bribes. they were bribes played in the documents to cover up those payments. melissa: cheryl casone has the latest. cheryl: a couple of new developments. we are finding out that basically five of those six officials that are supposed to be extradited to the united states will fight extradition to the united states. loretta lynch will have to deal with that. donations were made to the clinton foundation by not only fifa but the government. bill clinton was very vocal about trying to get world cup soccer to the united states. he failed on both accounts. a huge rumor we are following for you right now. the government gave the clinton foundation money after the fact.

first, $110 million alleged in bribes. this is world cup soccer. billions of dollars in business. $5.72 billion in revenue. also the entire system, shockingly rumored to be corrupt. we are talking about racketeering. wire fraud and money laundering. countries getting the world cup. shelling out more than $400 million for the last cycle for broadcast rights.entieth century fox. $1.1 billion. the next cycle. all of this is unfolding moment by moment. we have a feeling that the story will continue and get even more interesting than it is right now. melissa: cheryl, thank you so

much. fifa donating thousands of dollars to the clinton foundation. let's bring the panel back in for discussion. >> out there lobbying to try to get the games. they reportedly gave 250-$500,000 alone. >> that is ray. there is a fascinating story on the daily beast that gives background information on how clinton responded. it's as he says he smashed a meter to the floor he was so angry. i have to be honest with you not a big soccer fan. southeastern conference football i would be more interested. melissa: that is the money that fifa itself gave to the clinton foundation. is it interesting that we're

finding all these names being looked into now also gave money to the clintons? >> nodded also pricing. everything is connected. this is the beginning. this is not the end. they busted these guys at a hotel. they seize electronic data and a whole stream of documents fair. you will also have a race to the courthouse to try to flip and do a deal to incriminate others. >> it also shows that the clinton foundation was really nothing more than a lobbying organization. they can point to things they have done around the world but the big money came from organizations and governments who thought the clintons themselves could do this. that is why they were giving money. >> that is a great point. why would fifa be giving money

to the clintons? is it because they want to provide skied oh netting? all right. a tale of two luxury brands. to pick staff movers today. peter: is the best performer in the s&p 500. the other is the worst performer. first, tiffany. came out with better than expected numbers for the quarter. very well. the stock is up over 11%. tiffany and company really shining. another luxury brand is michael kors. the slowest sales growth that we have seen it 14th quarters. the forecast is weak. a strong u.s. dollar. being a little difficult. melissa: thank you so much.

massive flooding causing adm to breach outside of dallas. emergency crews work to ease pressure on the dam. new storms are hitting houston after 11 inches of rain left the city underwater. fox news is on the scene with the very latest. well. >> hi melissa. the death pool has risen today. literally, right in front of us. you can see the debris on the back wall. a couple hours ago as the water started to dissipate there was a red truck that we started to see down below here. as water when went away, that is when six bodies were confirmed to be fatalities. 4000 buildings sustained some type of damage. thousands of cars of banded.

13 people are still missing. authorities say they were swept away. it swelled 48 hours ago. rescue crews still trying to look for those people. at the same time, there is a dam to the southwest of dallas. very big concerns that that dam was going to break. the dam should hold. that is very good news. two dozen homes. hit by about a 20-foot wall of water going through there. the good news is that dam is holding. the sun is finally out here. expecting more thunderstorms tomorrow and the rest of the week. >> thank you. donations can be made to the red cross at red cross.org or you can call 1800 .red cross.

the mysterious shell company of bill clinton. receiving money during his wife's tenure as secretary of state. free solar panels for the less fortunate. it is seriously happening in california. more money coming up. ♪ right now, the unthinkable is happening. faithful christians are being kidnapped, tourtured, beheaded and crucified simply because they are christians. this is genocide and it won't stop unless we do something about it. at the aclj, we are the frontlines in washington

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you probably know xerox as the company that's all about printing. but did you know we also support hospitals using electronic health records for more than 30 million patients? or that our software helps over 20 million smartphone users remotely configure e-mail every month? or how about processing nearly $5 billion in electronic toll payments a year? in fact, today's xerox is working in surprising ways to help companies simplify the way work gets done and life gets lived. with xerox, you're ready for real business.

♪ melissa: we have some breaking news right now. the first word from fifa president on those corruption charges. he says he welcomes actions and investigations by u.s. and swiss authorities. contesting extradition to the u.s. new documents revealing that president will clinton was paid for consulting services through his secret shell company. here now is steve moore from the heritage foundation.

it is not illegal to have a shell company. what is drawing a lot of attention is that we've do not know what he did within that company. what he was paid for and why at a time that his wife was secretary of state. >> they lack transparency. everything should be open. let's see some sunshine. when you look at what bill clinton did it appears that nothing was illegal about this, what i am saying is that this is a classic money laundering campaign. you could not follow the money. you could not find out where bill clinton was being paid and what he was being paid for. it raises eyebrows, appropriately so. >> there could possibly be something illegal if he was being paid to lobby.

we do not even know what he was being paid for. if it was that, then it is illegal. >> well put. even if there were no illegal activities why not bring this out into the open. it is this problem that persists now with the clintons. most cases they do not go over the line of what is a legal but they go right up to the line and i think that that is what is frustrating. melissa: it also gives you the impression that no matter what public service they are doing they are trying to figure out how we can monitor this. they have done a great job of it then they try to act like that is not what they were doing. releasing new badges of hillary clinton e-mails every 30 days

starting next month. confirming to fox news that it plans to make new e-mails available every 60 days moving forward starting on june 30. steve, does it hurt her more to have this drip out slowly? >> drip. drip. drip. i think that it hurts her more this way actually. it is stored week after week after week. we have been talking about this for the past month or so. i still have a big skepticism that we will see the really bad e-mails. people always make the analogy to richard nixon. i think that that is exactly what we will find with the e-mails. some of those e-mails have already been disclosed pretty incriminating. melissa: thank you very much.

five years and 16 convictions. the u.s. government investigation of bernie madoff is finally nearing an end. sentencing today in the roles of the $17 billion ponzi scheme including the accountant. a former defense attorney is back with us. i cannot believe that we are talking about madoff accountant. he was supposed to be verifying the books. he is just getting sentence now? >> yes. various prosecutions to undertake. they had a great many people who resisted. some people cooperated. three of which just in the last week got sweetheart deals. >> he admitted in court that he never audited the business. fifty-five married with three

children. he did become a cooperating witness. he inherited the business from, i think his father-in-law. the mac 2.3 million herself was the figure. three people were going to do no jail time even though they were intimately involved. the biggest frauds in american history. melissa: these he lost his own money, do you think he had no idea what was going on? >> moving on in perpetuity. >> thank you so much. diffusing a seven year old bomb. world war weapon is found. earning shocker. why americans from all walks of life are senate running out of

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[baseball crowd noise] ♪ ♪ [x1 chime] ♪ ♪ [crowd cheers] oh! i can't believe it! [cheering] hi, grandma!

♪ stage 12 trying to prevent a blast from the past. 20,000 people evacuated. all because of a 70-year-old bomb. they us-made weapon was dropped decades ago during world war ii. it was discovered by a zoo. experts were sent and in order to diffuse it. experts think that dozen more could be buried around germany just waiting to be found. watch out. a cash crunch at the end of the month. you are not alone. americans have crossed all the income scaot have enough money.

the president and ceo of jpmorgan chase institute. joining me now. i thought that these numbers were really striking. more than 30%. that is a big chunk. how does that happen? >> let me just start with why it is so important that we know this. the institute is a global think tank. into the public domain, for the public good. it is really about the next generation of economic research. big dave data analytics. that is what we're doing here with the institute. what we are able to find is that when you look very granular lead individual by individual, through balances, through the full range of transactions that

are going on, qc much more volatility that has previously been understood. >> we have a number of factors going on. we have dynamics that have to do with the number of weeks in a month. melissa: people are working hourly. >> exactly. other times it is really different work schedules. melissa: what is the result of that? is it causing economic fluctuation? >> many people have credit buffers. yes, as we hear from so many people the financial instability that they face is not so surprising. how much more consumption volatility that there is. melissa: lack the savings to

cover. the most people that cannot afford this fluctuation that they are seeing. >> they are certainly vulnerable to it. we find that they do not move together. by and large they do not necessarily drop their consumption and vice versa. from a risk point of view, you could be facing the risk of and income declined. you name it. when we combine that exposure that an individual has we find that the average household would need to have put aside $4800 of liquid. money aside to really withstand that. there is a gap. it is important that this gap is true across the whole spectrum. we do seem to have enough liquid assets to upset the volatility.

melissa: lockheed martin. you have been warned. find out who is entering the military satellite race. cars parking themselves. you may not want to give up the keys just yet. piles of money coming up. ♪ problems the way same. always start at the starting. and questions the same asking. but that only resulted in improvements small. so we've got some ideas new. garbage can create energy. light can talk. countries can run on jet engine technology. when you look at problems in ways different you new solutions find. ♪ ♪ attention. did you or anyone in your household work around asbestos-containing gaskets and packing? the garlock bankruptcy may affect your rights even if you do not presently have an asbestos-related disease. garlock's products

were used in industrial and maritime settings, where steam, hot liquid or acid moved in pipes. certain personal injury claims must be filed by october 6, 2015. you may have a right to vote on garlock's plan to reorganize and pay claims. call 844-garlock or go to garlocknotice.com

♪ melissa: the ftc cracking down on the number one complaint it gets from consumers. unwanted calls and text. tom wheeler proposing a series of new efforts to prevent autodial calls and texts to wireless phones. empowering consumers to opt out. they would give the go-ahead. implementing market base that consumers can use to stop the unwanted robo calls. the proposal would be voted on the upcoming june 8 team

meeting. spacex. one of the biggest wins today. competing with lockheed martin and owing. joe lynche and joining us now from the newsroom. >> hey melissa. launching military and spy satellites. now, lockheed martin and boeing who have dominated this business since 2006. 150 people to a value eight spacex based on 125 criteria. this is the first time companies can actually compete for launches in nearly 10 years. "ultimately leveraging of the commercial space market's drives down cost to the american taxpayer and improves our military's resiliency". protest this decision.

the alliance made up of lockheed martin and owing. the air force plans to launch a new gps satellite. back to you. melissa: very cool. thank you very much. founder elon musk getting a lot of support. he has raked in a lot of money. not to mention the $1.6 million he was awarded for spacex. is he the right guy to be handling our national security projects? >> he has gone through a two-year review process. not only can they handle the equipment, but can they handle the secrets associated with it as well. spacex has a beautiful rocket called the falcon nine. it works at a cheaper cost to taxpayers. melissa: kind of a love or hate

him kind of guy. the people that do not like him say he lives off government subsidies. >> which is partly true. a lot of people say that tesla is not a business model that would withstand the pulling back of all the credits. about this particular grant the defense market, the air force crony capitalism and the defense market have gone at it for decades now. president obama loves all of his green projects. it is not surprising. we were relying on, for some of our projects, on russians. do we really want to be allied with russians? i do not think so. it is nice to have it with people that we trust more than the russians. is there crony capitalism?

of course there is crony capitalism. melissa: asking about the tesla fund. look i could make the company works without the subsidies. i do not know if that is true. he says that they are there. why would i not create a business model. >> i can understand it. a tax loophole. any business model that relies on a business subsidies i am against. whatever it is, you should survive. >> that is the result of the government. >> if you will have the government out there picking winners and losers don't you want your tax dollars to be bad on elon musk? >> exactly. this is an opportunity to get rid of that.

>> we should mention that every hand has gone perfectly with spacex. they had a couple of big accidents that happened. i believe somebody was killed in an accident. melissa: i am not sure. >> it has not gone as smooth as silk's. melissa: it is not rocket science. >> who knows. let's get that out of the way. it may be better than the other crony capitalism. melissa: sunny rays being put to good use. solar panels for free. saving people thousands. i do not know. another twist to that story. burger king or wendy's. at the end of the day it is all about money. ♪

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♪ melissa: i am melissa francis with your fox business brief. mcdonald's no longer wants to use share its monthly sales figures. mcdonald's also revealing the changes it is making to improve customer experience. toasted buns and sugar lines at the drive-through.

reclaiming the spot as the second biggest burger chain. it fell in 2013. burger king sales increase last year because of new items. miriam webster has added new words to its dictionary. also in there him og. those cute little symbols that people send each other and text messages. that is the latest giving you the power to prosper. ♪

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one pill each morning. 24 hours. zero heartburn. ♪ melissa: breaking news right now. fifa corruption charges. an arrest warrant has been issued. the u.s. justice department says nine soccer officials are among 14 people indicted on corruption charges. the news of the arrest comes three days ahead of the election for fifa next president. hoping to assume the fifth term speaking just moments ago. welcoming the actions and investigations by u.s. and swiss authorities. we want to make a quick clarification we discussed. >> straining out the olympics.

virgin galactic is a company that had the deadly accident not spacex. spacex have the problem with the booster recovery. they did not have -- melissa: still working on that one. the clean energy giveaway. california suddenly handing out free solar panels. you have to live in a certain community. they are installing home solar panels in disadvantaged neighborhoods. they are basically putting panels on the homes of, you know people that do not have a lot of money. would those people rather have food clothing, rather than solar panels? the way to make the market work.

make companies pay for the pollution. it is ridiculous when you actually roll it out. >> i agree. manufacturers and companies have to pay. this is how things all over the country. he sensually paying people to put solar paneling on the roof. it is unbelievable. >> yes. really they are coming from the company's customer. they are paying a higher price. the government is taking that money and they are slapping solar panels on this guys house. this is northern california. it is not that sunny necessarily. helped me.

>> we are talking about the government. >> i just want to holler out sweet -- this is not free. nothing is free. remember a couple of months ago they were trying to get the bodegas and convenient source to start offering fresh fruit. that did not work. i think ultimately, this will be a big waste of our money. >> first of all, it is not free. the other thing is, it distracts us from what may make more economical sense. a free aspect of it. that engenders a lot of other people. hanging onto government programs. it distracts the economy from

doing what is most efficient. melissa: the part that kills me the most is you have somebody that cannot make ends meet. what do you want most in life? solar panels. that is what i really dream of. what i really want is a solar panel. >> the green energy policy is actually a regressive tax on poor people. melissa: definitely. thank you to all three of you. do not leave the parallel parking up to your car just yet. hit a small bump in this demo. it plows right into a group of bystanders. they say that they were not seriously injured by the way. a driver who allegedly did not

purchase the optional pedestrian detection feature. the two men were okay. thankfully. wow. >> you do not test drive on public roads. you test drive on racetracks. melissa: i do not know if that is where that was. i am not sure of the exact location. >> a lot of the testing on public roads in san francisco. the countryside. i think after this, they should not. >> this was actually a group of reporters. >> you would think that the pedestrian mechanism would be mandatory not optional. do they have something for like armadillos? melissa: to think that it should be an option? okay. sorry. he is not here.

>> again -- melissa: i think that that is pretty standard. that is beyond me. i do not think they will make it. my prediction. do not forget. my big move next week. starting june 1, i will be joining david after the bell. we are looking forward to that. >> i have my bags packed. melissa: the annual forbes list is out. one notable woman is making her debut appearance. this big guy is the new pride of the zoo. there he is. you can never have too much money. ♪

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melissa: whether it is on wall street or main street, here is who is making money today. taylor swift. she just became the youngest person to ever make the forbes list of most powerful women. the 25-year-old ranks number 64. forbes says she is a global megastar. also a savvy businesswoman. good for her. falling off of the list is just so. the supermodel no longer making the list. still the highest paid model in the world. i do not feel bad for her. liam neeson. the actor has been named the most liked celebrity and/or serve. the action star is favored right 80% of americans. that must be nice. trying to make more money. kris jenner. because she needs it.

she wants to trademark the word. she has already filed the legal paperwork. anyone that uses the term without her permission. heading into the last hour of trading, let's check in with liz claman. >> i want to trademark a word. top soccer is negative hiding their faces with hotel sheets as they are arrested. why this should matter to you even if you are not a soccer fan. the seven arrests of fifa bigwigs. it may mean that the world cup is yanked away from cutter's and given to us, america. pat will be here live with us. could warned buffett be facing more serious turbulence as more of his pilots fly the coop over a contract dispute?

what the pilots plan to do next year. this irs data breach. this is just the tip of a huge iceberg. also running for president. did you know that, melissa? >> we will ask him about that, too. a nasdaq record here. we are very close. melissa: jannette yellen. jackson hole. she may also skip it depending on her schedule. as for this year, just a little bit too close to the feds big statement in september. a message from ben bernanke. u.s. markets appear healthy and that recent moves have not been extreme. he also said that he does not know when a rate hike will come. it will be good news when it

does. more fears over greece. this time it is from jack lew. worried about a freak accident. he is urging leaders to double down to avoid a crisis. looking for crash. malay meal favorite snack chat is joining. at the end of the day it is all about money and sandwiches. ♪