the biggest hit, third down on the list, nasdaq. gold is the only green. that's not necessarily good for the stock market. and oil is down as well. significantly. so it is a bad day for stocks. melissa: unless you're a bear and you like it a lot. always someone making money. if you're short. so while markets wait for tomorrow, here's everything you need to know now. the apple worldwide developers conference is taking place in san francisco this afternoon. earlier ceo tim cook announced their latest development for music. >> today we're announcing apple music. the next chapter in music. and i know you are going to love it. it will change the way that you experience music forever. >> clayton is the co-host of "fox & friends." he's standing by in san francisco. strong words there from tim cook. what do you think of apple music?

what does the crowd think? >> well, from a consumer standpoint, which is what i'm looking at with apple music. so many announcements. from a consumer perspective, it's a play against spotify and other streaming services. we're building a service that's built into the phone you carry in your pocket. will you spend $10 a month to have curated content from pharrell and upcoming artists. if pharrell wants to show lyrics from a song he's working on, maybe he wants to shoot behind the scenes video of him working in the studio, really compelling things for consumers. plus, the integration with siri. you're about to go and take that jog. you're able to say, hey, siri, play me the top ten songs on the radio right now. or the top ten number one songs on the radio right now. i can just run.

they'll have access to other things that other developers, spotify and others won't have access to. from a purely consumer standpoint, i'm fascinated. i have more questions than answers. for instance, apple is a g-rated company. if an artist decides to share racy photos from backstage of a concert, will apple allow that? what will the threshold be that apple will say no. not all artists are sanitary. how do i sign up? so many questions. and my mind is blown from all the announcements this morning. melissa: almost no artist is sanitary probably. that's one they will have to work on for sure. what is the crowd like? i know it's a cult like following. were they waiting for something else? is there any talk about the watch and the reaction to that? >> sure. that was probably the biggest announcement. remember, these are all developers. there's a 12-year-old girl who has built an

application in here. she won one of the scholarship programs. you have developers hungry for information about how they can make their apps better. so that's what this show is about. it wasn't about the shiny objects and iphones. and new macs. it was about the software. it was a tale of two keynotes, i have to say. the first part of the keynote, you had the developers excited about all the new programming language. all the new tools that they'll be able to tie into apple watch. on the ipad. on the mac. then the second part of the keynote. the apple music event. the mood, it felt like two completely different keynotes today. a lot of interesting announcements. it really focused on differentiating themselves from google. that was kind of the theme that floated throughout this entire keynote. we don't want your information. google does. melissa: i like that. thank you. >> i feel so old-fashioned with my old watch. leaders are wrapping up

the g7 summit. addressing the administration's plan or lack therefore to combat isis. black burman has more from d.c. blake: at a news conference wrapping up the g7 summit, the president admitted he doesn't have a strategy to train iraqis to take on isis in iraq. president obama: we don't yet have a complete strategy because it requires commitments on the parts of the iraqis as well. >> the comments made after a face to face meeting with the iraqi president drew a strong reaction from the pentagon. one military official told fox, what the bleep was that? (?) we have given him lots of options. he hasn't acted on them. the pentagon and state department said the president was only referring to the training strategy not the overall mission to defeat isis. for the second year in a row, the summit did not

include russia. they agreed to the possibility of adding on current sanctions of vladimir putin's -- president obama: he has to make a decision. does he continue to wreck his country's economy, or does he recognize that russia's greatness does not depend on violating the territorial sovereignty of other countries. >> the president said the other economies are performing below potential. president obama told leaders at the conference he's concerned about the strength of the us dollar. when asked about that report, the president insisted he did not say that. back to you in new york. >> all right. blake, thank you very much. no complete strategy for battling isis after all this time. it's unbelievable. here with his reaction to this, nial. no strategy. >> it's very disappointing. not really a surprise. i think this is a

president who hasn't had a coherent strategy on iraq for several years. he doesn't have a strategy with regard iran and russia. and yet again, i think from president obama we have a striking lack of american leadership on the world stage. and the g7 summit, of course, is probably the worst place in the world that you could make this kind of remark with the intense scrutiny that will be received across many us allies across the globe. this was yet again a deeply unhelpful comment by the president. but the reflection for the reality that in the white house, they don't have a strategy for dealing with the rise of isis and the mounting al-qaeda threat in iraq. >> that's the reality that most americans are aware of for quite some time. it's consistent with past polls, there's a poll that they don't think there's a strategy for dealing with isis. over 70% of americans believe that. at least the president

is admitting to what most people recognize. >> i think so. i think the american public has a huge lack of faith in president obama's ability to lead the united states and the free world at a time when we face an array of dangerous threats. with the rise of isis, so far the president looks like a deer in the headlights. no strategy at all. he's completely clueless in terms of dealing with the isis threat. then of course sends completely the wrong signal to american allies across the world who are looking for american leadership. when america doesn't lead, you have a far more dangerous environment. >> evil thinks it can do whatever it wants. and it marches on. i want to show you a little video. it appears that president obama was snubbing our supposed to ally, the iraqi prime minister. i think you can roll the state. you see him talking to christine. the italian prime minister. there's the iraqi prime

minister. he doesn't turn around. that's his translator next to the iraqi president. they all stand up. as they do so, the iraqi is waiting for the president to turn around. finally he looks at his watch. the translator throws up his arms and says look, i don't think we'll get what we wanted. what do you make of that? >> the optics, of course, are extremely bad. there's no doubt that president obama has a track-record of ignoring our allies. this was clearly a snub. president obama was far more interested in speaking to the head of the imf rather than speaking to the leader of iraq. perhaps he didn't want to ask him difficult questions that the iraqi leader might be asking. i think this was hardly a display of state manship of obama. >> we have a strange way of supporting our allies. good to see, thank you very much. from the heritage

foundation. >> more consolidation, chip makers look at shares of at mel spiking. (?) they're exploring strategic -- including a possible sale. >> a little more news overseas. a surprise outcome in the turkish elections. the ak party lost its parliament majority for the first time in many years. they're calling for stability as the country has to form a coalition government within 45 days, which is not what he wanted. >> the race for 2016. a new week for hillary clinton. new calls for full disclosure. ed henry is in d.c. with the details. >> we spoke a short time ago to carly fiorina, the republican presidential candidate who has been hitting hillary hard. obviously she's the -- the only republican woman in the field of many g.o.p. candidates. take a look at this

comparison. she released dozens of pages of her personal disclosure forms, whereas hillary clinton revealed a lot less. 58,954,000 for her net worth. with hillary clinton, we only know it's a range between 11 and 53 million because she has not been specific. in terms of her income, foreign, roughly $2 million. the clintons $30 million. from speeches and book income. foreign releasing federal tax returns for 2013 and 2014. clinton has not done that since 2007, during her last presidential run. you see state tax returns as well. bottom line is that you heard even the former democrat labor secretary robert rice saying on abc this week yesterday (?) that he thinks both bill and hillary clinton need to be more transparent. get this information out there. whether it's about personal finances or details about the

clinton foundation which have been dribbling out, melissa. melissa: as usual, mrs. clinton is deflecting from the talk about her own finances to talk about a 15-dollar minimum wage. she must feel like it's a winning issue for her. it must be working. >> you're absolutely right, melissa. this is a chance for hillary clinton to say, look, i'm not paying attention to these negative stories. instead, she's trying to focus on kitchen table issues. have we heard that before? bill clinton during impeachment. i won't focus on these attacks. i'll go back to work for the american people. hillary clinton calling in to a union forum in detroit where they were talking about the minimum wage. which you referred to. if you look at that new york times piece, saying that hillary clinton's strategy is to not worry about the middle. not campaign like her husband, instead, focus on the blue states and hit issues like the minimum wage on the left so she can really get the turnout, not just in the primaries, but potentially in the

general election and try to rebuild that obama coalition so somebody running to the left, not the middle, melissa. melissa: interesting. ed, thank you so much for that. david: and we have a fox business news alert out of michigan, where the state has discovered its first case of bird flu testing on free-ranging canadian geese north of detroit came back positive. the virus has been found in 20 other states. midwest chicken and turkey producers have lost nearly 47 million birds on over 200 farms since early march because of the flu. >> that's amazing. really having an impact on poultry prices as well. if you think it's a story that doesn't affect you, you're wrong. >> it will affect inflation too. >> too convicted killers on the loose. they could be anywhere. we have the latest on the massive manhunt. >> and american pharaoh winning the triple crown. the first time in nearly four decades. coming up, we'll be speaking with the owner of a firm. he was the winner way

back in 1978. >> very cool. and we have the list of the best and the worst places to retire, in case you're thinking about it. we'll be right back. ♪

>> two convicted killers on the loose. and they could be anywhere. a massive manhunt continues for a third day as investigators are looking into whether they had help from the inside. the inmates drilled their way to freedom using power tools. and left behind a taunting note. it says, have a nice day. very nice. the maximum security prison they left behind just miles from the canadian border, that's where fox news david lee miller is this afternoon. what is the latest? david: melissa, this is the third day of freedom for richard matt and david sweet. now, the complexity of this plot clearly suggests that these two men had some type of help. (?) so the question now is

morphing not -- did they have help, but into, who provided the help to these two convicted murderers, two men that convicted very violent crimes. authorities will not comment on published reports that now say a female employee at the prison might have been an accomplice and that she struck up a friendship with one of the men. state police are confirming to fox, they are questioning workers and inmates. it's believed the woman in question worked as a civilian authority in the prison tailor shop. the men used power tools to cut through steel walls during the escape. authorities are looking into the possibility that tools may have been left behind by private independent contractors. all of the tools owned by the prison they say have been accounted for during an inventory. and a former maintenance worker has told us that

someone must have provided these two men, now fugitives, with the blueprints, making it possible for them to navigate the maze of catwalks and steam pikes that they used to win their freedom. so the bottom line here is from the townspeople to the governor himself, the consensus is, these two men received help. listen. >> this was a really elaborate plot. if it was in a movie script, you would have said it was overdone. in a movie script. and there are a lot of questions about how they got the equipment, primarily. and that's something that we're going to look into. >> so far, authorities have said they have received as many as 300 leads. new york state is now offering an unprecedented 100,000-dollar reward for information leading to the apprehension of these two fugitives. back to you. >> thank you so much,

fox news, david lee miller. they're close to the canadian border, they could be anywhere. >> my daughter was camping out in the woods this week, and i was really worried. she's okay. thank goodness. >> another incident with police caught on type when a fight broke out at a pool party in texas. officers were called in. police are scrambling to round up all the teenagers. one officer seems to be screaming obscenities. he pulls out a gun. the officer is now put on leave, pending the outcome of the investigation. they're not waiting for the investigation. a rally, of course, has been organized tonight to call for his resignation, as usual. >> i mean, you see all the video online about this story. this situation was really out of control. not excusing the behavior. this was a single moment in time. >> they controlled the whole neighbor. very strange. >> three times a champion, what's it like to be a triple crown

winner from the owners of the last horse ever to do it over three decades ago? plus, the jack of all robots. a look at the winning bot that could help humans in the wake of a disaster.

♪ melissa: history was made this weekend as american pharaoh's triple crown win could mean millions in future earnings. the horse is worth almost $50 million. that horse, right there. the real money will come off the track and in the form of -- the stallion could rake in between six and $7.5 million every year for decades. burger king, their king

mascot debuted on camera with american pharaoh trainer bob making the company a reported 136,000 in exposure. >> i missed that. >> pretty clever. >> american pharaoh racing to the top this weekend. making it the first horse in 37 years to win the triple crown. before his belmont victory, the last horse to win the triple crown title, someone who knows the ins and outs, steve wilson. steve was part of the family business which raised a horse and then dealt with him afterwards. first of all, how long does the buzz of a triple crown last? >> i think 37 years. >> it never stops. >> no. i don't think it does. dave, can i clarify one thing? >> sure. >> my dad -- i'm the

oldest son of my dad. he died at 97 years. he had two marriages. he and my mother had four children. the second was patrice jacobs. he and patrice were the owners of the firm. we were the family, but we were the owners. >> fair enough. you knew what was happening throughout the family business. >> absolutely. absolutely. >> how soon before the offers roll in once you win the triple crown? >> can can i go back and tell you. it's hard to tell you now. okay. secretariat was the biggest syndicate -- it was $14.4 million. it was when he was a 4-year-old. then seattle slew was syndicated -- seattle slew's shares went for three and a half million dollars each. (?) the value back then was $140 million. so what will happen now, i understand that they've already sold the

breeding rights. bob sold them to a farm -- kumar stud for a certain amount. i guess the deal has been cemented. >> are these individual offers? a healthy horse without getting into too many embarrassing details, can stud 75 times a year. is that right? >> no. i don't think that's right. we stopped at 40 and 50. and horses now can be bread 150 times. >> holy mackerel. 150. now, that has led to some people -- of course, a lot of peta activists saying there is overbreeding going on. do you put any credit to that? >> i definitely think it weakens the breed, yes, my personal opinion. >> what can be done about that? it's hard to turn down that kind of money. >> i think the only thing that can be done about it, if you have real sportsmen, people who is, i'm in this because the horse is of

the people, and he's going to run. i won't retire him as long as he's healthy. as long as he's healthy and happy. they don't get good. they're best when they're four or five years old. this horse isn't as good as he will be if he stays sound. hopefully he stays in racing like seattle slew did. and validate the great thing he did on june 6th. right now, all he's beaten is 3-year-olds. he hasn't beaten older horses yet. >> do you think he'll have a successful year of running races after this? >> i think he will if he stays sound and they keep him at the track. we won't see him after december 31st. that's my personal opinion. i don't know anything. obviously. >> steve wilson, thank you so much. his family earned a firm. the last winner. great to talk to you,

steve. melissa: that's amazing. that horse is just starting out. it gets even better. how cool. another case of government gone wild. your tax dollars wasted as social security serves up billions in improper payment. >> plus, truly out of this world footage. what happens when spacex sends a gopro, yes, they use gopros too. into space. you'll want to watch this. ♪ cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision,

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. >> billions of your tax dollars not at work. a bombshell new report revealing that social security overpaid beneficiaries by nearly $17 billion over the past decade. that is according to the agency's observe inspector general. let's bring in today's general, michael goodwin from the new york post, he's also a fox business contributor, and john. dan, let me start with you. these were disability payments that were paid out to people who were no longer disabled, earned too much to qualify with respect in prison, or were dead. that's who is getting this money. i meanly i guess they're certainly disabled if they're dead, but i'm not sure if they have a right to disabled payment. we talk about this all the time. >> yeah. >> seems like nothing is done to stop it. >> well, what's clear is that the government technology infrastructure is so far behind the curve. remember we went through this with the obamacare roll out. they simply could not pull it together. we had the story of the

chinese hacking into 2.1 million workers. a year or so ago he were on top of that, they were going to fix it. they did not. the federal government is just so big and so slow that stories like this are inevitable. they're going to keep happening. >> yeah. but it makes me nervous when you say the inferior and the it is too far behind be with i mean to me i hear someone come in from washington and say, well, we know more money. and this is at a time when the social security trust fund is set to go bankrupt next year. >> and social security is one of the to things point to so that the big government can function effectively. well, i guess not. 45% was the error rate and part of this study in any way rate. that's an enormous number of errors, even if they collect some back and they have settlement agreements. still it shows shows -- they're not on top of what they should be doing, and that's worrisome for any government program. >> and, john, people talk about who cares, it's the

government's money. but it's not. it's our money. and also it causes a distortion, this is money taken out of your paycheck at home that you could have used to go shopping at the store or pay your bills, and instead of it was given to a thief. that's bad for the overall economy. >> that's right. and let's not forget we're focusing on one agency. i'm sure there are errors being made all across the government, so this loss is much bigger than this $17 billion over ten years. we have to remember that social security is -- kind of like in the suburbans business. >> right. >> and perhaps the solution is to think of privat privatizing the government. >> is that a fair criticism because in this case they said they were able to recoup some of it but if they put in simple safeguards, they wouldn't have toking through that all that in the first place. do you think privatizing it in the first place is the answer. >> i do. they're going to have to send

merchandise out to private contracts who can do it more efficiently. these programs become unsupportable, this one especially because people are cheating with our money and they say i'm not going to support this program politically anymore,. >> but you can hear the response right away that this is -- people's personal information, you bring in the outside contractors, that's when the hacks get involved. >> how can it get worse. >> thanks, guys. >> well, mondays are typically when the supreme court hands down its decisions, there are only three more left in june for, like, obamacare same-sex marriage. peter standing by outside the high court with the latest on what came down today. peter, what did you hear? will go to has been, hey, david with, what we did not get were some decisions on some of the most important cases had a we're watching for and at the top of the list, federal subsidies for obamacare. the plaintiff's in this case say the administration broke

the law when it awards billions of dollars in subsidies to health insurance to get their coverage through exchanges operated by the federal government in more than 30 states. they point to the literal language of the health care law. in four words that subsidies will only be exchanged through quote established by the state. so that would exclude those 30 federal exchanges. well, in the press none of us germany today, the president commented on this. he is a lawyer of course and he is still arguing for his side of the dispute saying the court should not limit the subsidies on quote twisted limitation of four words. >> the interpretative stautc statute and this should be an easy case, and frankly it shouldn't even been taken up. >> now, the administration and

its supporters say that the loss of these subsidies could cripple obamacare. removing a key financing provision of the program, a decision from the court is expected on one of these other decision mondays or maybe even the last week of the session this month. dave. >> all right. a lot rests on that one decision, peter, thank you very much. a few other stories on our radar, the founder of guinness, we'll have that coming up and brazil's richest man and the 3g capital exploring an out right bid may be a stretch because the firm would need to raise $73 billion. andalists think it's more 3g through anheuser, bush, which it owns a substantial stake. meanwhile netflix is flaying southern europe. the contents to be localized with subtitles or dubbing no word on pricing yet but

southern european markets charge about 9 u.s. dollars a month to stream. and that sends net flocks stock to a all time height, it is up 85% this year alone. and meet the winner of robots challenge. this turned a valve, it drove a car, opened a door, entered a building and more in just under an hour. the price? $2million. it went to researchers from the university of nevada these a team from south korea. malissa. >> i'm ready to hire him and come home to do some house work. more controversy over harley's donors how much money went into the clinton foundation. plus the treasury secretary gets booed at a pro israel event trying to defend the administration's nuclear thought with iran when we come k it's more than a network and the cloud.

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>> some said that our sanctions would fall apart and this this program would allow torino move closer to acquiring a nuclear weapon. but none of that came to pass. >> wow. that was a tough sell. that was treasury secretary jack being heckled as he defended the president's nuclear program. and interrupted secretary's remarks as he claimed that quote no administration had done more for israel security than this one. that is a tough sell. meanwhile israeli newspaper characterize one of the reaction by jewish audience in the united states. malissa. >> i would say wow. >> yeah. >> all right. here we go again. another questionable donation to the clintons from an organization in one of the poorest countries in the

world. this is according to reports that the clintons helped access accepted millions of dollars from baptistish convention health services. with more on this, wall street journal editorial page director dan. and colonist michael, and he hadter chief mat. and i'm going to start with you, michael, and it caught my attention because if anything this is the most egregious of everything that we'd seen go by. this is what is a church giving up to $10 million. >> right. >> how they would have that money at all. >> this is a church that has approximately 100,000 members. it says it is homosexualality is from the did he have the, delve and child labor is a encourage everywhere, so this is a very strange thing.

why what are they giving the money to the clintons for, and why not keep it closer to home for their own church. >> right. so it doesn't make any sense that there's some quid pro quo that we haven't discovered yet. >> that's the thing that makes since if you're right there, with why would you seined it all the way to the clinton foundation, and many people are looking at this and they're thinking was it being funneled through the organization. >> well, that's a reasonable question to ask. but this just this story about the clinton foundation. last week it was the foundation bill schools in indonesia and haiti paying bill a half million dollars to show up. this is having an affect on hillary clinton. her approval among independent voters is below 40%. that is very low. her numbers as not an honest person are well over 50%. so this is i think hurting her

candidatey. >> when you see somethings, it's a very furious wrongdoing, do you think they're going to investigate it. >> "the new york times" have been investigating it pretty aggressively. i don't think there's the kind of natural affinitiy that barack obama had with the press with hillary clinton. she's been around. people have a general sense that they just pedal access to russians and they can come with the elite, but there's something stinky there. it's unlikely to raise a pulse among democrats. but hillary clinton is going to have anthems enthusiasm gas, she's the ultimate 1%er here and this is the ultimate dark operation. >> from hillary clinton to flying saucers, malissa, i'm trying to make a segue, i can't seem to make one.

finally incorporating for nasa and it's flying saucer, this was in hawaii was to test technologies that could some day help take heavy cargo to mars. the craft is also equipped with a super strong pair chute that's designed to help slow it down into the mars atmosphere. >> and gopro new frontier space expending one of the cameras into space on the falcon 9 rocket as it if he will back to earth. the company not revealing what tranche came from, but with a view like that, who cares. it's fact. >> doesn't look real. >> no. it doesn't. >> and with a look of what's coming up in the next hour. deirdre. >> thank you and coming up on and rescue reward, sweet music for apple, but for competitors, not so much. we're going to have one founder who is launching just as apple streaming service kicks in. forget the smart watch. it is all about the smart

ring. i have one here. founder saying it is much easier to use than other wearable tech. and financial myth busters, the truth behind our most popular invert has. you won't want to miss that. >> we'll be watching. well, speaking of myths. the unicorn of politics. carbon tax, but does it have any chance of actually happening? the debate coming next. also cloud moving in over the sunshine state. florida dethroned as the best place to retire. we're going to tell you what is tops coming up next you are looking at two airplane fuel gauges.

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>> now to the latest on grease's debt prices, now reports have grease's bailout

until the end of 2016. and pension cuts, tax increases, and other policy steps. a deal is needed by the end of the month when the bailout program expires and the progra country face default in debt. >> and tune in at the top of the hour, i'm running. >> what a sweet position. we'll see you on that. meanwhile you expect the new york time times to come out in favor of the carbon tax, which they did over the weekend. but you might not have expected this. take a look at. >> on income tax, dollar no dollar, does a lot more damage to the economy than it does the carbon tax. so if we could get legislation to swap the two and honestly swap the two, i would support it every day of the week and twice on sunday. >> tax can you get cutting on varney earlier saying he would be willing to accept the carbon tax. does that make sense? and thank you all.

what dan has happened to our friend in favor of a carbon tax? of all people. >> well, he's desperate to get rid of the income tax, but it's like the people who want a consumption or sales tax, you substitute for a income tax, it's never going to happen. >> it will just be piled on top. >> yes. and it's basically just an abstract conversation. >> and bottom -- i think the canadian prime minister got it right. here's what he said about what a carbon tax really is, and i'm going to quote him. the reason governments do carbon taxes is not so they can rousseau missions, but so they can get more tax revenue in the government's pocket. that's cynical, but isn't it the truth. >> well, that's not going to help out for anyone. that's not going to stimulate anything. but the way they did it in canada is they had to offset income taxes for corporations -- >> you should mention even they don't have a national program in canada, a couple of provinces have done it. >> yeah. and are let's not forget that exxon, mobile, bp,

are all big natural gas producers. they set to began when we're making certain parts of energy dirty in certain parts of energy better. >> right. and, well, that's what we hear, "the new york times" that it's claims businesses are in favorite, which i think is a bunch of -- i think what they're doing is among a couple of the things, a couple of big businesses trying to please obamacare other governments. >> they also want to get rid of all of this uncertainty, carbon tax, carbon omissions issue. if you don't have this tax, will it be at some point in the future the epa will slap on some regulations at some unknown time and cause. so they basically raised the white flag, they've given up. they think this is the lesser of all possibilities. >> and, you know, these big companies, you know, multi -- tens of billions of dollars companies. they can afford to do some of this such, but it's the small guys. small and middle sized companies that depend so much on cheap energy to do their

business. they would be out of business if there was a carbon tax. >> yeah. absolutely and the idea that you recalled substitute in alternative forms of energy plus natural gas is just not to these small businesses they're not going to drive their energy from solar or windmills or water. they still are going to have to pay for carbon related energy. so, sure, it will add and probably ultimately suppress growth across the economy. >> let's talk about the politics of it for a moment. when nancy was in charge of a democratic congress, she could not get the carbon tax through. do you think there's any chance that it could get through a republican congress now. >> well, it's in the details. like, how are we trying to get this through? are we giving an offsetting credit in other parts of the economy and where we pay taxes? you're just trying to pile on another tax. no way josé. it's not going to tax. maybe we can make it work. >> as dan was saying earlier, there's no trade off.

eventually what happens is you get one tax and then the other one. they may lower the income tax a little bit, but once you have the carbon tax, then the income tax can come back up again. >> well, i'm looking for more sales related taxes, something to value-added tax very move forward. i mean after all, we're looking at unprecedented funding demands being made of social security, medicare, never mind the affordable care act. five to ten years from now, you have to expand the tax base, otherwise you risk losing -- >> any republican candidates who have fallen for this being in favor for carbon thinking they can get a deal on income tax. >> not to my knowledge. i think the good into his on the republican side is that most of them are talking about significantly reducing the corporate income tax and personal income tax rates, which is a supply sight solution that some of us have been proposing for a long time. most of the republican candidates seem to be going with that idea.

>> we've got to remind them what happened. >> thank you very much, gang. appreciate it. well, phoenix is the best place to retire according to a new study prosecute bank rate.com. about denver and colorado springs rounding out the top three. it's interesting to know, by the way, arizona city showed up three times in the top ten. thanks to great weather, and low property taxes. new york city, however, ranked the worse for retirement. that's where i've got my home. go figure. well, at least one golden state warrior fan had something to cheer about. detail right after this. "w video ul?" what the cloud enables is computing to empower cancer researchers. it used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day.

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>> his name is jason. and he won a brand-new bmw with that half court shot. we wish jason the very best. dierdre, over to you. dierdre: a lot of enthusiasm, david and melissa. thank you so much. coming up on "risk & reward." apple enters the music streaming world. competitors are on notice. a new kid on the block. the smart ring is giving smartwatches a run for its money. the dallas cowboys going virtual for quarterback training. ♪ dierdre: i'm dierdre bolton, straight to the top tech stories. apple unveiled apple music and beats one at its 26th worldwide developers conference. spotify, pandora, tidal all on notice. netf e