debt and germans are not willing to extend anymore money to the greece. it's called a standoff. if they leave the euro, that market goes down, and it sure looks that way, doesn't it? my time's up. neil, it's yours. >> thank you very much, stuart, in your fine broadcast we're getting word now that a judge shot down morris greenberg's hope to over turn damages that was done to his firm, aig when the government bailed all the financial tightens out including aig is that it caused more harm than it helped. that was then hank greenberg getting shot down in a federal court today, charlie is going to be with us shortly. but this is what's getting all the attention right now. normally as you know the caveat on this show is that we don't fixate on markets, except when they tell a bigger story. the bigger story with this 113 point drop is that everything goes back to greece. it had been a lot heavier declines this morning on fears

that greece is not going to make good on its payments and furthermore, three big payments that are coming to in the next few weeks, it will simply not pay. now, this could be on the part of the prime minister or the realization of the fact that he doesn't have the money to make these measures stick. now we understand that european lenders, the imf, all the leaders of all the major companies trying to cobble this club together are doing all they can to try to keep this thing on. but the real fear our losses were so substantial earlier on, was that it isn't going to be able to be done and greece will fall away from the european union. that is off the fear, we are off the loads today but still looking at better than 100 point losses. carlo, all of the above closely. connell. >> well, comparison to what the european markets went through today, which is why we still have gone global in our narcotics morning as a quick example if you're just kind of coming around today, you might

have missed frank forts 2% decline and the market on all these fears that neil out lined for you. so percentage-wise here in the united states, it's really not that bad, perspective-wise we're down .66% and wednesday as you remember last week we were in the opposite position, markets were going up, and at the time everybody was saying, well, they're going to get things figured out in greece starting friday and then the news over the weekend things looked like they were falling apart, we've given up those wednesday gains and 28 of the 30 stocks on are to the downside, only intel and united group showing gains. >> thank you. in the meantime let's go to jim and see if these are justified. let's take it to the worst case. the thing doesn't work, they can't keep this together. greece bolts. i know the shock value. why should we care if it happens? >> in the long run, it's not going to impact our economy,

and in the long run it's not going to when we come back our markets neil. but in the short run, it creates a tremendous amount of controversy, particularly when you look over the spill over damages going to be across europe. now, bear in mind, neil, when the global markets sell off, everybody goes down. so the u.s. gets dragged down with everybody else. but the u.s. will still be seen as the better country. the better country to invest in. the more stable central bank in terms who is being aggressive about easing or not. so in the long run, it doesn't hurt, in the short run, it could really hurt for a while. because we don't know there's going to be depositor haircuts, or what spain is going to do in the wailing relevant wake of this, and right now money is flying out of the banking system. so even if we get a deal, they don't know how long this deal is going to last. >> and we don't know as of this money how much you can withdrawal from your atm or bank in the process to avoid, you know, a free fall of money leaving the banking system there.

no indication of that. but you can almost guess that as soon as such, you know, authorities are given, the people are going to get out of dodge fast; right? >> yeah. you can take money literally -- you can take money across the street from a greek bank to a german bank. $400million -- 400 million euros today left the banking system and it's been averaging about 200 million euros a day, so the money is already leaving. and now the question is where is this damage going to be? are they -- if they do allow a default, what's it going to do? who is really going to have to pay for it? and then who is going to prepare to leave the euro anyway? and bear in mind, neil, the euro is a failed construct anyway. they're not doing anything to balance trade between these countries. greece isn't putting any structural reforms on at all. i was in greece about five years ago, and the guy -- businessman i interviewed said, look, we have the best tax system in the world, the

guy asked me if i made any money this year, i testimony "no" and we move on. so they've got a big structural problem even if they get a short deal. >> okay, thank you very much. we're following another problem, apparently made an bid many suspect will really pick up the pace if indeed this health care law gathers much steam. now, a lot of that could be based on fears -- and i say fears in the reverse sense that the supreme court goes ahead and allows those federal subsidies to continue when those exchanges that keep six and a half million people on the affordable care act roll. now, if that were somehow not the case, the supreme court shot that down, but that's just a stretch here. we are following that very, very closely. a big deal that can be announced and maybe shortly in the financial markets regarding these two giantic

ensures, and hank greenberg, he fought as much as he could, and the aig, and that would better $80 billion and the notion was that regulators had to do it; right? they had no other choice. >> they had to do it. but he was saying, yeah, you caused more harm than you did help, and you made this situation actually worse. now a judge has effectively said you've got no case; right? >> no. he didn't say that. now, we're waiting through this ruling, this ruling is just hitting the wires now. and essentially this. hank sued the federal government. he took depositions from hank paulson, and then the fed chairman, and then the president of the new york fed to build this case that the federal government illegally bailed out aig by taking it over, wiping out -- mostly wiping it outta the existing shareholders, like himself. and that was an illegal taking of property that individuals

held. he said that if the federal government did other things, like, turn to him, he could have provided help with the private sector, the federal government said basically they didn't have enough time. this thing ended up in front of a friendly judge, thomas wheeler. >> what did he say. >> here's what he said. he said the government did illegally extract that from you and other shareholders. so he said the ruling is that hank was right. however, there are no damages here. why are there no damages here? because you cannot file a takings claim, it's a specific claim, on something that is illegally extracted. it's basically saying if you want to sue them, you should have sued them on something else, not a takings claim. >> so the judge agrees, yes, you were screwed over. but nothing the judge can do -- >> based on that -- >> based on that law. so he can't has been wins but loses. >> exactly. >> so if he wants financial compensation, he's not getting

any so what's his next step. >> well, this is where it gets interesting i think. what the judge basically said is that hank ball son, tim did something very bad. they did not follow the law when they took over aibg and bailed did out. and the bail of aig, was the lynch of bailing out the entire financing system. why is that? >> we're talking about aig, we're showing cigna just to let you know, it is huge, that's why we're cob currently doing this, we don't expect you to have the multiability to grasp all of this, i don't, i think it's fair to say hard for with everybody we're just showing that just literally that it just happened, not to confuse people. >> aig was the lynch of the bailout because they ensured all the debt. >> and he argued used that later on as a biggie bank; right? >> yes. now, what the judge

is saying you, handle the financial crisis, the bail and the financial crisis, one of the major parts of it illegally or at least improperly, and that's where it's -- >> thank you for clarifying. real quickly on this spur of the moment, that's been rumored for something we're going to see a lot of deals. what do you think. >> yes. because of obamacare. now, one thing -- i'm not a banker, but one thing bankers worry about are changes to law. so what happens if the superior court comes out two days from now and says obamacare unconstitutional. that throws the whole thing into question, and i -- >> the subsidy part. >> well, that affects insurance companies. >> right. >> so if i'm a trader, i'm wondering do i bet that this thing goes and which one -- who is buying whom now? if we don't think this happens, you short anthem? >> what difference does it make if the deal -- one way or

to the other on the subsidies. >> i think every deal in the health care industry and i'm not an expert at this is predicated on this law. i mean this law is owe is on overwhelming. >> this law is the question on ruling on subsidies. >> listen if you're looking at this deal to buy it or not. >> yeah. >> check the fine print on this thing. >> okay. >> it will be interesting. >> i want to go back toy so i understood this aig. they're saying i agree with you. >> absolutely. >> you were screwed over. >> all right. you were screwed over, but, you know, as far as getting compensated for this -- >> your claim of taking, a specific thing that i, the government walk in and appropriate -- you know, take stuff from you whether it's a house or your stock and a bailout. this is not -- this is -- a taking claim could not be done when the government does something -- when the government doesn't do it appropriately. >> so he still lost. >> he still lost, but the

ramifications. >> you and i are battling over simacts here. >> no. this is huge. the federal claims court judge landlord it's it's illegal. >> well, we know the federal government will. >> well, part of it is going to be illegal now. >> we knew at the time that some of these were dicey. >> well, they were dicey, but you've got a judge weighing in. and there's a similar lawsuit orphany may and there's a case between the federal claims court, maybe it's the way hank brought the case, the procedural thing that screwed them over, maybe fanny may shares are going up, by the way. >> in the meantime we have jeb bush kicking off formerly as president 3:00 p.m. eastern time today. he will have close to $100 million, no candidate have amassed such a fortune such early in a race. in comparison, mitt romney had

about 25 middle five years ago, on what we can expect to hear out of jeb bush. carl. >> well, big announcement, neil, jeb bush has been planning for this really for about a year and a half and on the campaign trail in the visible primary stage for the last six months. today he will finally sever his ties, and that's been the theme of his campaign to this point talking about his conservative populous approach economics and how he intends to put these who tend to be lost in society at the front of the line and give them more attention. his announcement today comes -- if you can't coordinate nature with that super back anymore, and they've already made 83 to $85 million, and that could be up to 100 within the next month or so. that super pack will be entirely dependent and he's not allowed to talk to them it now that he's an official candidate. and there's been some miss

steps and miss props with conservatives, and he had been a supporter of common core. he's been criticized for supporting amnesty because of his proposals he subjected that there needs to be some legal status for the undocumented illegal aliens right now. and then there's the name, bush, not all that popular, and his wife will be here, he hopes will help him get latinos and marco rubio, it was senator protége and tweeted to jeb bush and said welcome to the race, and two of them have a real history together and bush -- jeb bush has already tweeted back thanks. see you on the road. and it's going to get real tough very soon. >> all right. thank you very much. that announcement a little bit less than three hours from now. we were just keeping track of

this here that there are has been a bush on a presidential ticket going back to 1980 and the vice presidential role for the governor's father george bush senior since 1986. so for 24 of the last 35 years there are has been a bush on a presidential ticket. no family comes close combined. andy card who knows the bushes well in the last bush administration of what he makes of this guy's chances after this

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last president, george bush jr., of course the son of george bush, hoping to have the third bush president, and, if so, it would be the third for the and not too early to say that jeb bush would be a prohibited financial favorite and he's coming to $100 million. and we're looking at how he got a lot of that up-front money and in history this sustainable before, in other words, five times more than mitt romney had at this stage years ago. featured at 70 financial events in his honor, 15 different states regarding fundraisers that extended even to puerto rico. he had 10 alone in the state of florida, not surprisingly, and donations have trickled anywhere from $25 all the way up to $100,000 for sympathetic pacts.

all right, who will be in there today? bush 43 chief of staff, andy. now, what i understand, and he joins us on the phone, his brother will be there, his wife will be there, what do you make of that? >> holy spirit jeb rub for presidency, it's not about his dad or brother, some people try to make it that way, but jeb bush is a leader all into himself, and he's got a great character because of the family that he's part of the. but he's been a solid leader on his own, and he certainly led florida in a phenomenon way during his two terms as governor, and he's got great ideas, he's updated, he's mature, he knows what it means to make tough decisions and campaign and win, and he alice knows what it's like to lose, so he ran for governor once and lost, so he knows it's not going to be handed to him, he has to work hard for it, he's

smart, creative, and i think he's going to be a great president. neil: i think you'll like him. now, 1994, the year he lost, that was the year his brother beat anne richards and being the governor, setting the stage for what would be the second president bush. and he's just back from this europe i can't be trip where he often did mention his dad, who was seen as a unifying, not so much his brother. is this -- the context he'll have to be dealing with in the months and year ahead as he campaigns? >> well, first of all, jeb bush is uniquely observant of what it means to be president of the united states. he got to watch his dad do it and his brother do it during very different times during very different challenges, and i think he learned a lot from both his dad and his brother. he does reflect the bush

legacy of i'm going to say noble service and certainly the bush clan has been exempt lare in this is a great car, they have given something bac. neil: yeah, but that's not what i asked, he's not to mention his dad for now than he will his brother, but he feels even with his brother's growing popularity, post leaving office -- >> well, i think -- neil: he feels more comfortable quoting his dad. >> well, i think he's going to mention both of them when it comes to what it means to be a leader and how he has learned from them. but. neil: okay. >> but jeb is his own leader. and, yes, he's got a legacy of tremendous pride in the bush family and what his dad and brother did. but he's going to be a leader for a different time. and he'll talk about his dad when it makes sense to talk about his dad in the context of what he wants to do in this country. neil: okay. >> he'll also talk about his brother when it comes to understanding challenges that

you want that you have to face that you didn't want to face. . neil: all right. we'll watch very closely, always good hearing you. well, by now you have been. with you all these incidents that apparently all go back to beijing, china, tapping into our federal government records, do you ever wonder what they get in the process of nabbing all of this stuff snippets on millions of americans, potentially tens of millions. cyber security expert says we're making it way too easy for them. what i'm wondering is what do they really have? and what do you think they're doing with it? >> they have a lot of information. i think it's -- this is a real wake-up call for all of us in the united states when the government is grabbing and taking all this information from us about our personal lives from our taxes to health care to education, that that information is going into databases that are not focused on security. and so the bad guys, the

nation state actors or others are taking all this data and using it for a variety of purposes. neil: like what? what are they doing with it? >> sure. filing tax returns in citizen's names and steeling returns that aren't legitimate all the way to a-to-attacking the power grid to attacking water systems. it is pervasive, all of this data is used in further attacks against us in the united states whether it's from nation state actors or cyber criminals and oftentimes they are the same people. the nation state often hires cyber criminals to do their deeds. neil: what do you think about mike huckabee said, if they're going to hack like this, we're going to hack back. in other words, they play dirty, we play dirty. that's from a preacher. >> well, this is a tough question because unlike in warfare, this missile wail care of my from this country, or the firing came from this country, it is a challenge to make attribution. i think one thing we need is

better transparency from the federal government that when they think a nation state has indeed attacked the united states, show the experts the proof so that you can make the case to the american people that we need to attack back. neil: all right. thank you very, very much. of course we should stipulate here the chinese are disvaluin disvaluing saying they had anything to do with these attacks. meanwhile there's two prisoners still on the lose, 10 days now, catch me if you can on if we'll ever catch them any time soon. if ever.

neil: it has been ten days if you can believe it, and the former inmates are still on the land and the women who helped them escape we are told joyce mitchell has been arrested and atrained in court today for them role of helping them get out of the up state

new york facility. but with so much time, what's going to happen? can we ever find these guys? we thought we would get the inspiration behind catch me if you can, do you remember the character? well, it's this guy. of course at age 16, he was -- authorities and disguising himself as anything from a pilot to a professor, all that stuff in the movie was true i guess. you were sly. >> yeah. neil: now, of course long since done good after serving jail time and you help the government catch crooks. these are convicted killers lose, but do you think they're going to be found with so much time. >> absolutely. one fact for sure is they'll be caught. the law sometimes sleeps but the law never dies. just a matter of time. i really truly believe that if they were that smart and planned that much, they had a second back up, they weren't just relying on this woman. neil: that's interesting. >> and if this woman had picked them up, truly believe

they would have killed her as well as her husband, so they weren't going anywhere with her, they had ever intention of killing her. and she probably started to realize that, and that's why she got nervous at the end and didn't show up. if they were that smart to do that or if it was me doing it, i would definitely have a back up plan . neil: right we should explain this. she had worked at the prison and provided the tools for them to saw themselves out of there, and then supposedly she was going to pick them up on the outside, that didn't happen. >> no. neil: and you say she would have been killed in the process. some aol are saying they could be in the mexico for all we know. what do you think? >> that's typically true. if you escape from prison and never committed another life and the truth is it would be very difficult to find you and catch you, but all of these guys end up doing something else, even as much as a minor speeding ticket or some other offense that causes them to be caught and they found there's

an outstanding warrant. neil: you were all over the world, you were everywhere. >> i was everywhere. >> i did everything between 16 and 21. i never lost sight of the fact that i wouldn't get caught, it was just a matter of time, and of course they did catch me in france because someone recognized me from a understand poster and alerted the police. neil: did you try to change your identity. >> not really my identity, but used a lot of different names and went to a lot of obscure places. neil: what about the these guys? they have to change. >> they would have to change their identity. and, again, this would all have to be -- if you were doing all these plans, you would have to have somebody out there that obviously helped me anyway giving them the ideas or whatever they need to get somewhere in the country with a different name, different id and try to change your looks and your appearance. i would hope that they were smart enough to do that, if they were smart enough to break out of the. neil: you never i was thinking in your case you started at 16 to what? >> 21. neil: so five years. >> right. neil: on the run and you were

doing some pretty wild and pretty fun things. >> and i was doing in so many countries, it was difficult. neil: right. five years for these guys, if it were that long, they could do anything and be everywhere. >> yeah. i truly believe as we sit here, that's not going to happen. i believe within a very short period of time they're going to be caught. neil: what do you think they're doing been gone this long. >> i have doubts that they're still in that area,. neil: yeah. >> but they're going to slip up along the line, like i said they're going to do some other crime, so i have no doubts about that whatsoever. neil: we should state, you know, the movie and the whole leonardo dicaprio, you had argued that you were pay back and do good with this, sense forgeries and anything. >> yeah, my life is amazing, i've worked for the fbi for 40

years, my wife has, paid all the money back. neil: and that tom hanks inspired, he recently passed away. >> yeah. and joe shea was his name, wonderful man. they dedicated the last book i wrote to him, just a wonderful man. neil: somehow i can't think that these convicted killers will ever do something like that. >> i don't think so. neil: you never know. frank, thank you very, very much. this guy is more colorful than that character because he's the character. meanwhile jurassic world, it is out. it was a huge hit. you might have heard the one about the dinosaurs. some paleontologist are upset. but just as a news flash, it's a movie. i want everyone to take a chill pill. it's a movie. >> she was designed to be

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neil: all right. if you want to know what is keeping the market somewhat going after the big news that greece may be going here, and we're down only 120, the deals are back, there are other deals, but a more eye popping one just came to our attention about 30 minutes ago, that is that health ensurer cigna is now the -- at least the target of what could be a very nasty fight on the part of anthem. another health care ensurer. we're learning as well right now that cigna is rebuffing

that bid, it wants nothing to do with it, nonetheless, both are up. but it follows the very week we are expected the supreme court rule one way or the other in whether these subsidies could be allowed for these who are presently getting them as a result of the health care law. and if they don't get them, they don't have that health care coverage. that's a supreme court decision that many thought it would come today, maybe thursday or next monday. but this deal is still happening regardless. and the overreach on all of this, it was the state of texas as you know that started this file with the supreme court to protest the subsidies saying that they were unconstitutional. two things, governor, first very good to have you on this merger or at least force merger because the parties don't see eye to eye. is it predicated on the health care law, would it fall apart

if the subsidies fall apart or do these guys care? they just see the affordable care act to stay. what do you think. >> well,, neil, it's hard to tell. frankly if you look forward and you anticipate what may happen in the supreme court decision, you can begin to see the potential implosion of the obamacare law. and so i'm not sure of what the thought process is of various different companies, but how they're going to be responding to this. but i think that everyone needs to be prepared to deal with some adjustments in the anticipation, the king versus, will come out against the obamacare law. neil: all right. that is your hope obviously is one of the first litigants of the case here. but, you know, governor, i'm wondering reading into this whether at least in the case of anthem it cares. in other words, that it is confident that the supreme court will rule in their favor and that the betting is that if the supreme court does, the

affordable care act is unstoppable. i know you want to see the supreme court rule the other way. but do you agree with that? if the court doesn't rule in your favor, that the affordable care act is unstoppable? >> i believe the affordable care act, obamacare is, in fact, stoppable. stoppable for several reasons. one is the ways constructed is damaging to the provision of health care and damaging to americans and damaging to the doctor-patient relationship. so even if the supreme court does not rule in our favor, i think both regress and with a new president, they will go about the process of both deconstructing obamacare as it is now known and constructing a different health care plan that's going to be more patient-doctor oriented, unless government mandated. neil: do you think, governor, though, that if the supreme court rule as if you hope they would, that it's going to put

republicans on defense because the democrats are going to a couple more claim what are you going to do with these seven, eight million americans without health insurance thanks to these subsidies, how would you respond to that? >> right. and that's exactly what the democrats are thinking is going to happen. but it doesn't -- put the republicans on the defense. it actually puts us on the offense. because, listen, this is a problem that was created by barack obama and his team and the democrats in the first place. this is a problem created by nancy who said that they had to enact the law to find out what was in it. well, now they need to be out what's in it, and what's in it is pretty ugly. so the republicans are not going to run to their rescue to try tores try to the law, so that we can go out and have real health care forms in this country. neil: thank you, country, very much.

in the meantime we told you about all the drama last week on friday. do you remember when democrats turned on the president, even after his personal -- all but begging to get at home vote for that trade legislation that would grant him full authority to o decide on a yay or nay vote, and the republican large supported the president on that initiative, but not all republicans. there were a few argued against supporting that legislation because of the nature of the administration and how its done other deals. in secret. in very, very dark secret. meet one who says even as things stand now, he would reject it all over again. after this

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neil: all right. we're just getting word that the rumors true, the house, the republican leadership in the house is going to try once again to resubmit an

acceptable trade initiative granting the president authority to go ahead and enact these trade deals. as you know that went down in flames when so many democrats bolted. but it wasn't only democrats bolting for that. republican congressman steve russell from the fine state of oklahoma rejected as well from the secret of nature he said in his administration on so many other deals. he didn't want to grant them that kind of authority on a trade deal, that might be right with problems, which was essentially your way of saying congressman, i guess you did want to read it before you voted on what was in it; right? >> well, the tpa language is probably pretty good language in terms of what we granted. but the implication, neil, is much more than that on transpacific partnership. it is something that we should absolutely have concern about. i have read major portions of it. it is something that we must stop the tpa. neil: all right. now, but in so doing that, the argument is we'll never see a deal with these asian countries that

could be part of this huge trading block, that would be the envy of the world, good for us, the argument is good for them. do you share that view or is it just the nature of this administration and how its done keel deals in the past? >> the president has to delivery on foreign policy. he's failed to do that in syria, isis, iraq, ukraine, i can go on. neil: what does that have to do with a trade deal? >> because trade is not just the economy. you're dealing with foreign nations. and here's the fact, seven of the other nations in the tpp, we already have little to no trade barriers with, isn't bilaterally, this notion that we have to have tpa to do this trade deal is false. how about the president negotiate a bilateral agreement with japan? how about we negotiate with china on a narrow field of products, like, oil, gas, timber, beef, cattle, they need all of those things and we can provide them. neil: do you feel r.

neil: do you find it at all ironic some of your liberal colleagues that they haven't read this and they wanted to read it they do know in it, when, in fact, they pushed the health care law under just the opposite? >> well, it is ironic. now, the tpp is available to members, i've already read, you know, many portions of it without divulging the details. i am concerned about private rights, i'm concerned about exceptions, and also the transnational commission that has a living agreement language to change it even after its signed. these are grave concerns, which is why i'm taking a stand. neil: all right, congress plan, thank you. we'll watch very, very closely just to bring you up to speed. and they want to get enough democrats and enough republicans to try the second time around. now, keep in mind the authority itself was granted under electronic sort of vote on how people felt their republicans and democrats.

and and it passed. but of course it's in the details and some of these other provisions that were made for unions and other businesses, so that was not a vote that counted. so there in lies the hope that the whole republican leadership has at that and they could be given a formal vote, and it's not that easy. meanwhile it won't be easy to break this record. jurassic world, over the weekend, half a billion dollars worldwide. no other movie has come close. connell has more. >> well, it's one thing i consistently said, you never want to just a paleontologist unhappy, they break up the fossils and it gets ugly fast. look at these numbers, this is domestic stuff behind this. the 500 number you mentioned is around the world, and that's the record, and if the

movie is doing sole, well, they say it's not exactly accurate. did you see the movie. neil: i did indeed. >> so as you know was this really what dinosaurs were like? . neil: i have no idea and that's funny you think i would know. but i'm telling you it's a movie. everyone take a chill -- >> everybody's got to relax. all these things, you know, when they make shows about our industry and, well, that's not how tv is, well, come on it's a movie. what they're saying is apparently there's part of the movie where they say a t-rex, they say can't see you if you sit perfectly skill. i guess that wasn't the case, but the t-rex really could see. i mean come on. they say it's lazy, these paleontologists the way the movie was made. neil: they know the character in quebec was made in a lab. i don't want to give it away. it was not built on bill o'reilly, so i think -- these notions right now. >> that's why we're here. we're here to help.

neil: i mean come on. it's a silly movie that made a lot of money. >> it did. neil: we were talking about the dow and everything else in and out of these triple digit losses here. but take a look at we're down a little on under 100 points here. now, a lot of that has to do with concern, but great deals, rumored big deals accepted or not or what is driving this that when all is said or done, companies are looking to merge and buy each other out even when the companies they're buying out don't want anything to do with them, like cigna, a very rich deal and cigna says, no. no, thank you. it begins. the take over battle ensues, and this is just one of them today. charles payne is next ♪ ♪ (charge music) you wouldn't hire an organist without hearing them first. charge! so why would you invest without checking brokercheck? check your broker with brokercheck.

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neil: we're just hearing that he's dead, the u.s. confirming right now that the africa al-qaeda leader was indeed killed in that libya air strike last week, there had been some argument that he's alive and well, well, he's not. he's dead and staying well. well, significant wants and you've got the likes now in the housing industry, rile enand standard pacific want to hook up, that's a five and quarter billion dollar deal, and then the weird one, cbs buying the pharmaceutical business of target, that's another weird one out there, and that mitigating those types of deals are mitigating what would have been an even more substantial hit. >> there's no doubt about it, otherwise we would be off 200 points. merger monday, you always come in mondays expecting these big deals, and we were certainly not disappointed today.

really interesting stuff ahead of the supreme court decision . neil: now, they seem to be doing this, at least in the case of anthem whether the supreme court rules in subsidies or not. so what do you make of that? will go to has been, you know, these are these kind of industries -- anthem has 38 million members. cigna has 14, almost 15 million members, size alone they call such that they probably wanted to combine them anyway because before this you had -- you have -- i'm sorry hettena going after hamana, in other words, small fish eating big fish, the industry with small big players, may only be two or three. neil: so that's the big stretch they are -- the act themselves is the question but you and i know the subsidies are are there and ruled unconstitutional and the act

itself. but these guys are going to merge regardless. >> yeah. >> yeah. it begins to implode. you look at the date the affordable care act was passed and you look at these stocks, and very far other industries that have out performed. these stocks have gone virtually straight up. after all there's aloof extra customers and therefore extra money in their pockets. neil: but they also have to pay out extra benefits. >> right. they are required to pay a certain amount of benefits, which really worries me because i feel there's an over arching theme here where they would like to apply this to all corporate america. tonight on my show i'm talking about this move of stock buy backs, and i think part of that deal if they could ever get through, a is acorporation before you buy back your stock, you must spend x-amount on pay raises, x-amount on capital expendters, and, in other words, this has been a beautiful for things both sides here because it's been a great -- not for the industry,

and not for insurance companies because they get a lot more customers. . neil: all right, you've got to see that, in the meantime everything going well for housing, except for four million homeowners who are still under water? severely so. what happens if they never get out from under water? after this.

all right two hours ahead of jeb bush making it officially in miami running for president awaiting to hear from hillary clinton and concord, new hampshire what makes this unique is she's taking questions. so after a statement she'll take questions. we're told where they're coming from reporters, fans or supporters but she's taking questions. that is a rare media opportunity so you can imagine media will jump on that opportunity if they are among those included to ask questions again that is in concord, new hampshire two hours before jeb bush mac it is official as the third bush is running for president of the united states. all right, to the hills -- on what he makes of what is at

stake for big announcement first reaction to hillary clinton apparently willing to take questions in concord. what do you make of that? >> i think that a lot of folks neil have been pressuring formaller secretary of state to answer questions. so whether it is trade deal or how she would grow the middle-class or e-mail server not to mention clinton foundation and who is donating to who. there are a lot of questions, and you know we'll see what she says. >> but this extense of what this populous range and banks, in fact, i'm hearing from republican candidates say that rick perry has said that. rand paul has been among those. ted cruz even jeb bush saying there's extremes without thinking of implications of their discussions yet in bush's case they have a lot of money. 100 million into the race five times more than mitt romney had at that stage for years ago. big backs and lehman brothers,

barclays where he he he was an r or should he? >> i think that the folks in the business community that i've spoken with neil, are kind of scratching their heads about all of the anti--- some of the antibusiness rhetoric that so many candidates that you mentioned have injected oned campaign stump, and so you know, in coming cases it is like are we listening to republican or senator elizabeth warren. now, obviously, they have very different policy arguments on this. republicans say that the regulations maybe have been unfair to medium sized xeangs and small businesses and perhaps you know a one size fits all.frank prescription isn't way to go and progressive liberals say they have not gone far enough. either way i think that seven, eight years after the financial collapse interesting to see candidates making that pitch on the stump because clearly there's still frustration in the middle-class from the financial collapse. >> thank you very much.

see how that goes a tight rope to put it mildly. the rich do need to be reigned in here. and johnson says it is simply much to do about nothing but not as much as richard is making it. so all right -- on that issue richard, why do you think that it makes good sense to just go after these guys? >> i think that too bug to fail in this country is done. and america people are over it seeing gop candidates shifting to the left on the issue because they understand if they're going to get voters out the they have to create enemy and that is wall street and too being to fail. making money hand over doesn't work. >> what do you make of that? >> i think a lot of the republican candidates out there adopting this line are really overcorrecting for some mitt romney weaknesses he was somebody who didn't connect with the middle-class. bad nurls on somebody who associates with people like me. but i think they really run a risk on this because republican

party is known as party who sticks up for people who, you know, jeb bush right to rise people who can rise up and make money. >> they're not articulating that. but botching it royally. >> they run a risk of overcorrecting for romney failures. >> richard i mean does it sound disingenuous to say getting support she has from backing, stanley ceo on the show more than a week ago. you know, neil, i'm still supporting hillary clinton because i know in my heart she doesn't believe that. what do you think? >> here's the thing i agree with her on the point that i think republicans are trying to autocorrect for mitt romney's sort of campaign last cycle which he was sort of clearly in the -- you know, in the wall street mindset, a fir a picture with money coming out of his ears so republicans doing everything to say you know we're the people. we stand up for little guy. that means that you know we are

against wall street. now with that being said i think hillary clinton is a different story. what we seen from hillary clinton and her voting record in the united states congress and what we've seen from her record as first lady as well as what we've seen from her husband's record is that there's going to be a stonch difference she'll take on wall street. >> how do you know that husband -- husband taking on wreet and enacted trade deals we're going to get in with david in a second were kind of wall street. wall street-like mainstream at the time. >> clearly but just this weekend. >> you have a different memory of hillary clinton than i do. >> she said this weekend she's sort of on the side of nancy pelosi when it comes to trade. >> because she's reading the tea leaves and driving to the left. >> john mack saying she's being politically expedient that she has to be this way but doesn't think sha she really is. >> democratic party has and made of working class families and hillary clinton has to appeal to

working class -- >> democratic party isn't made pup of working class folks it is -- because you saw in her speech made up a bunch of different special greece groups why her speech takes 45 minutes long. she had to address every single one of them. it is african-american, states -- [inaudible] >> hard work not rich folks like mitt romney. >> far from the subject. fact of the matter she's a new candidate, now saying something sthe never said before, and a lot of these republicans who got where they are with a lot of big financial money, are saying things that they haven't said before. so there's a lot of behavior beginning on. we shall see guys thank you. here on this whole hillary stunt going on a different issue. the president on trade. another example l taking the side of the very folks who were bashing her husband. >> nancy pelosi particularly and people who were now bashing president obama from his left hard to imagine getting to the left of president obama. i think couple of weeks ago we said that is where the democrat

party was going to be. we would think they were nuts. >> party of bernie sanders. become that and hillary gave her stamp of approval to at least nancy pelosi. so nancy pelosi and bernie sanders are together on this, against the free trade agreement, it is, obviously, a strange collection of cells here because you have conservative republicans who were against it for some sense public reasons. one thing it is still secret a lot of it is still secret. what we know is that it is a grab bag they've thrown into climate change stuff. they've also thrown in -- >> one republican rejected it because he doesn't know what is going to be in the ultimate legislation and supporting free trade but neil i can't go along with something that i don't know. >> there are reasons to be against this. but one reason not to be against this is what bernie sanders and hillary clinton and nancy pelosi are getting to because they don't agree with the premise. premise of this deal is that the president will be able to negotiate with foreign partners free trade agreements, congress will then vote yes or no on that without having to load it wul

aft attempts that could kill it that is what hillary was doing yesterday by the way. she was saying well i will accept it if it has this, that, this is the kind of grab bag approach that fails. >> the president which he then -- trade deal. >> wonderful question. because what she would love to have be kind of the authority that the trade deal would give her if she was president. right now there's a everyone rare move on her part she's playing to the left of the party because right now temporarily she has to be seen in a quarter that will get her the most votes from the left. that is her -- banks that she can't afford to lose but eventually i think she would like this kind of power as path. >> scared then. maybe the polls -- >> scared. >> on these particular deals you mentioned she's going to be answering questions in just a moment kind of unusual i think -- that the whole charge of her being not trusted is beginning to get to her. and her advisors saying you have to deal with it. >> all right david thank you very, very much.

we're going to be hearing from hillary clinton and what she has questions to answer, we're also hearing in less than two hours from jeb bush now has ill pa e-filed formal paperwork with the federal election commission to say i'm running for president of the united states. it will be called jeb 2016 no reference to his last name. would have to be living in a rock to not know that he is and, in fact, doing just nap we'll have more after this.

>> all right, all it takes is a rally cry on part of home builders that they're very, very confident highest confidence we've seen out of this group folks who build these homes in the better part of nine month now. that was up 5 points to the latest reading. but one thing that occurs as we're getting separate report a lot of americans up to 4 million

are underwater noshedz value of their home -- just is not keeping up with their mortgage in other words they owe more than their home is worth. heard that before but that is stubbornly high and real estate expert say it won't be getting any beaters any time soon. jerry willis on what impact that could be. : you were saying at a break that this could be worse than the $4 million we're told. >> that is right. 4 million underwater homeowners owe about 20% more than they home is worth. severely underwater but what i find -- >> that number has come downic at the trough it was about 15 million underwater homeowners down to 8, half of that 820% than their home is worth. but what i'm seeing is that it is really in the lower -- income home bract areas, it is the less expensive homes it is a dangerous thing and we have to see what happens. but not a good thing. >> reason why i say stocks are up and such an expert but, obviously, most of the markets,

the half full glass saying that builders are excited, mortgage applications were running at ab 8% so this notwithstanding and had been high as 15 million in the years or underwater, so -- trend is the front you would argue. >> i think this is overstated i'll tell you why 74 million homeowners in the country okay so four million is not a big number here. there are bigger, more important issues that are holding this housing market back and i don't think it is doing great. i see numbers go up on home prices but i know a lot of first time buyers out there are frustrated. the reason they are is because incomes are not growing. we've seen that obama is probably only president in the last 50 years who can say that income meaning incomes went down under my watch. there's also the issue of a lack of inventory out there. and colorado for example, right now in the city of denver there's one month worth of envenn story out there. people not putting their homes on market so i see the issue of incomes and then also government

overreach in this sector which is a huge problem even now. even after the bus. >> jerry it has been seven years since housing crisis, and we're still talking about a recovery. in commercial -- >> help these people in the years? or -- >> a lot of these people shouldn't have been in homes to begin with. >> wait them out. >> we doesn't have a market commercial real estate market recovered in 2010 because was there no intervention. >> now 4 and 8 million what other differences? >> off the divorce. government stay out of it. >> government get out of the way. >> absolutely. i think that is part of the problem. the fact that at one point government was saying 54% of government backed mortgages should be the low and middle income folks is one of the reasons market has never done well and in deep trouble. people in homes that didn't need to be in homes. >> what is hottest market right now? >> new york city is hot. it is a lot of that overseas

buyers, so it is hard to say. interest rates have been so low now we're going into an atmosphere with industry environment coming up. we have to see what happens. >> thank you both very, very much in the meantime you heard if separate shark attacks in north carolina. every time you hear this you have to wonder about the fallout down the road for those who want to go to the beach for a vacation those locals may not look so appealing anymore. connell with the latest. >> you're right neil where it is a big business and going to the beach, and local businesses have rely on people coming into the summer. certainly be watching this story very, very closely awful story over the weekend. 12 and 16-year-old attacked less than 90 minutes apart under the two minutes apart as this map indicates to you. criticism of the local officials started quickly when they said why didn't you lose down beach before the second attack could take place? 12-year-old girl by the way lost part of her arm, 16-year-old boy losing his entire arm. they say there wasn't enough time and even if they were able

to do that. they said in the news conference earlier today that probably wouldn't have made a difference. word might not have the goen there quickly enough. but update here that we have on the story is twofold. number one beaches are open. what they said at that news conference neil is that they have helicopters you can see one here flying overhead keeping an eye and keeping a lookout for more sharks in the area. there were reports that some may have been sited. so beaches are open that said some of the people looking on there. and the update on the two young people that were hurt, well it could have been a lot worgs. they are both in stable condition. and they're crediting the quick actions of people on beach bistand isers who were there and able to treat them and give them first aid before the official first responders could get there. so -- >> connell thank you very much. connell switching to new hampshire right now and hillary clinton, she is will be talking questions momentarily weir told. pass very unusual because she normally does not. what we don't know is from whom she'll be taking those questions could be media, supporters there, could be average folk who

is shoatd up to hear her today and have been there for the better part of four hours. for this big event, it is a rare event when we see it. and there will be a lot of questions back and forth so her exact position on trade whether she agrees with the news and nancy pelosi and very rowdy rebellious left in her party were those by the president. bill clinton, who is author of so many big global deals that has become a great source of contention among democrats when she speaks at least to reporters or whoever, throws a question -- we're there. more after this.

>> all right two quick things for you to pass along here, the swiss have overwhelmly regretted would have been inheritance tax this is fairly liberal country but late when it is ruled over the past year or so. it is repudiated easy give me money. the swiss voting by its 71% to

29%. not to impose additional on top of the taxes they already have. switzerland massive are you reputuation to bigger government this on heels of the french having to reign back that top tax on superrich. so in switzerland as well. i don't know maybe they moved to tax chocolate but they're not going to be getting it from those who kickoff. all right separately we have colorado high court ruling that employees can be fired -- connell you might want to listen to this one. fired for smoking pot when you're not at work. >> not in colorado. >> not yet. but that could be big news. all right, now separately, from colorado to illinois, in rain they're having there that they're not having in california then there's the break jeff flock says it is a classic case of states having too much, too much rain. way too much. >> oh, wish you were here neil,

a lot of fun take a look. listen to this. oh, yeah those are soybeans down there addition to my boots. we found a worm. talk a look at this. this is -- [silence] >> all right we have a problem with that but worms stop the feed and middle of the feed. we think no doubt a plant from cnbc update us on the worm an how you're doing. >> got me back. could be rain fade you know neil on the satellite truck up there. can you see that? that is up -- you get too much rain coming through and don't get your signal through. that is the problem. i think we've got numbers showing how much of the nation's soybean crop has been planted not a lot in multiple states. states like missouri, with for example, should have about 70% of the crop in right now. it is about about 30%. just too wet out there, and jim mccormick of broker we have a

problem out here. >> we do, jeff we're starting to get crop in we should be done by now. we have 10% left what we're stimght right now to get into the field roughly 10 million acres if we don't get it in in next couple of weeks supply will drop into the year. >> here's the problem neil addition to rain falling on us if you look at the five-day forecast precipitation forecast here in the green belt, take a look at those, that picture. , i mean, there's a lot of rain that is supposed to ul pa out here. even if you don't get flooding and crops ruined you're not going to get it in the ground. it is a mess out there. if i would leave you with this notion, in may, you know, despite the drought in california, was wettest month of any month in recorded history in the united states. and june -- shaping up to be well look i leave you with that picture. let me get out of the way. sending you a picture. that is what it looks luke right

now. big fun out here. wish you were here financial >> some states are getting pelted left and right california thrirsing for anything approaching water. infact, leading to fights out there. i think the drill is something like this. that if you have a water problem, which they do in that state, then you folks got to watch it with watering your lawns and folks watering their lawns are saying what? >> be dammed -- >> lo here's what is going on used to be make bentley and diamonds were stat stoss symbols now as a giant green lawn and a swimming pool full eve fresh water. flf that is what is happening. so in april welcome the governor of the state jerry brown called for 25% reduction in water usage that is a first statewide mandatory urban water restrictions in the history of the state. guess what place like rancho

santa santa fe their water consumption actually went up by 9%. it is an embarrassment so now what is happening. >> cheating and doing it on their own? >> if you don't penalize people enough then they keep using -- >> so rancho santa fe starting july the first rationing water. you're going to get a set amount of water for indoor use above that sprinkler fountain and swimming pools get fined your water bill could triple based on that. if that doesn't work that the water authority and the area reserves the right to install flow restricters limit to taking a shower and bath at the same time. potentially or in the extreme cutoff your water altogether it was an embarrassment this applies to 4 lurks cities in the state that they have to cut water between 8% and 36% on the high end. like -- >> you mentioned high end they have a lot of folks in the superhigh end beverly hills have been saying you know what, we

pay a boat load in taxes, real estate taxes, so we -- we deserve to be able to water our lawns we deserve because we pay so much more. is that argument flying? >> now starting to get chained into not watering your lawn. that because everybody has to sacrifice, and when you see you know farmers being hurt by this drought, so you're saying oh, i want my green -- i want my lawn green, and instead you see these farmers who were struggling. there's a little bit of shame going on. and certainly rancho santa fe embarrassed that their water usage went up. bakersfield went up a tad in when restriction were first announced but most people are trying like people in silicon valley, you know, they live on the left. so they're cracking down and not using water. >> well everyone has the same brown lawn if they do -- nothing wrong with that. >> how about desert plants? desert plants and suck --

beautiful. >> don't need much we are the because they're in the desert. absolutely. [laughter] >> thank you very, very much. now -- all right moon while we've got see that exactly. we've got word right now that not only with white house briefing but that president may speak with john boehner speak over how to resolve this trade impasse republican it was republicans who by and large cited to enact deals for an up or down vote. and democrats led by all of the leadership essentially including nancy pelosi, who told him to kiss it wasn't going to happen. now irony is, the president is beginning to try to get something together with republican it is that he can't with democrats. i hope people remember this moment when they say that respects are always the party of no, and the party thats to the president every pass. i'm waiting for that mainstream media mention, let's just hold

our breath. we'll have more after.

>> we have to figure out how to untank gell the legislative snafu in the house. not first time the members about house trying to navigate problems like this. neil: but it is the first time in recent memory that president of his own party repudiated him

like trade authority they wanted to give the president or president wanted granted to him repudiated by his own party, led by nancy pelosi. it was embarrassing. you know what happened on friday. he came to the capitol personally to jawbone for a deal. you think nancy pelosi tell him in the famous meet-and-greet walked him into the capital, look, mr. president, i abandoned you as well. hard to say, they're still trying hard to get something going on this hall of fame quarterback fran tarkenton says this is not just important for big business but small businesses as well. but if we don't get it then what? >> well you know, the small business entrepreneur is misunderstood in this country. government doesn't help them. nobody helps them. 520,000 people start a business every month in america. neil: is that right? >> 70% of all businesses in america are single employed. 90% of the all businesses are one to 10 employees. these people are practicing

free-market capitalism and they're not exporting importing. they're going and working. they provide 65% of the jobs. and they have no help. neil: do they want a trade deal to get a chance to get their goods overseas? >> not out there. doesn't matter. that is not their ballgame. what this affects is big business and unions. let's protect unions, if we can't compete, let's supplement these people. is that your america? neil: republican congressman said we're doing carveouts for unions what are we gaining? >> we're gaining nothing. this is free-market capitalism. that is what built this country. we'll have carveout something which democrats are trying to do, pelosi is trying to do, carve out something in case we lose jobs because we can't compete with someone in europe or china or japan? supplement the workers here. that means if someone can not make "the new york times" foot giants -- new york giants

football team, comb pete at highest level. neil: if "new york times" had football team. probably erudite but not very good at it. >> not very good. neil: there are other small business guys, fran, scant attention paid to business paired and that is what is coming back to bite the president's heinie. >> the big banks want to get to the small business person. they don't even know who they are. again this entrepreneur, one to 10 employees, they generate 65% of the jobs in this country. and they're underserved. nobody helps them. neil: you're one. most aggressive and well-known spokespeople. has the president or the white house met with you? >> no. neil: really. >> these people have great skills. but they don't have the access to education right? the brighter people, the most educated people are the ones that have the best chance to make it. one thing that we've done, i partnered with the terry college of business at my alma mater. they have a great business school. neil: wow.

>> we've built an online mba-type program for the entrepreneurs so they can have more education. neil: good for you. >> your people can go to tarkenton.org to get information on it because it really helps you. neil: while i have here, my producer will kill me but i want thoughts on concussions with football players. apparently you played professional football some time. >> i did. neil: minnesota vikings, four times super bowl, big deal. now on this, do you think that the nfl is doing enough. >> no. i think they're addressing concussions when they used to not address concussion. they said there weren't correlation between concussions an brain damage. here is the biggest cover-up in sports today, nobody will cover it. it is ped, performance-enhancing drugs. you can not play at the college or pro level without juicing. we're controlling it somewhat in baseball, somewhat in track and filed. somewhat in bicycling now but in pro football, it is wiped under

the table. neil: don't they keep track of that? >> they don't test for it. neil: really. >> i talked to the testing agencies for the government. they give the nfl and college football an f. they give baseball an a now. neil: how does that relate to the concussions. >> because you're going to have people outsized, bigger, stronger, fasting, because of juicing and steroids. neil: they pay for later. >> contact is more vicious and more concussions, players retiring at younger age because they can not keep doing it. it breaks down their body, holy cow. fran tarkenton, always good seeing you. >> good buddy seeing you. neil: thank you very much. i want to go to my colleague trish regan at top of the hour. has very big guest, one dick parsons. he was saying economy is doing great because all the other economies are not doing nearly so good, right? >> i dwn't think he is thinks that the u.s. economy is doing all that great. maybe in comparison to the rest of the world, we are, what is

the expression, cleanest dirtiest shirt? anyway, neil we'll talk to dick parsons about the state of the u.s. economy. i want to get his reaction to hillary clinton over the weekened making this robin hood populist argument, invoking a lot of class warfare type of rhetoric. curious to get mr. parsons reaction as well as his thoughts on jeb bush who will be announcing this afternoon his bid for the presidency of the united states. so we'll talk a little politics. we'll talk a little bit about the fed. what about banks in all of this? i wonder, neil, if you're in an environment of low interest rates for so long, does it disincentivize banks from lending because they're not going to make as much money? former chair of course of citi. we'll get his read on that and many other things. neil: look forward to it. trish regan, coming up at top of the hour. take a quick look at the dow. normally regular viewers of the show, we live for news, what is happening over the moment. don't obsess, haven't done it

when i worked at cnbc 20 years ago, can that be right? i guess it is. when i felt the market was the story i would natural go to it. when i don't, i didn't and i don't now. here is why i think this is rather telling, only one 115 points. i think we would be worse off by a measure of at least twofold, would be down at least twice as much on concerns greece would go belly-up and european union could start falling apart, a very real distinct possibility. but had it not, were it not for very big eye-popping deals, totaling close to $100 billion worth of deals today on this merger monday we would be in a whole lot worse shape. that is the reason i'm focusing on that. showing even with a loss of about 116 points i'm telling you it could be a lot worse, if not for that. then when we come back the saudis, you know what they did today which bears watching? they allowed more foreigners to invest in their markets, why their markets are up so

appreciably. why everyone thinks investing in saudi arabia is investing in a promising market in the middle east in general. the flipside you're also potentially funding bad guys. that's one view. we'll look at both views after this.

>> it is time now for a fox business brief. i'm connell mcshane back with you to talk about twitter because uncertainty over twitter's future, leadership

changes, everybody has been talking about there, really been hurting the stock. in fact earlier today twitter hitting a new 52-week low and at its lowest level since june 9th, 2014. still down by almost 3%. in the trade comes after dick costolo would be stepping down at ceo, first in july. then cofounder jack dorsey takes over on interim basis stepping in for costolo. big time twitter investor, ben at that legal should look for -- should get somebody else to take over but now full support of mr. dorsey sy. has 25% stake. neil has more, with "coast to coast" continues in a moment.

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in small business creation. talks about 1.3 million jobs. 4.4% growth. high every family income. what seems to me indirect slap at some of his opponents who so happen to be governors, chris christie, comes to mind, his state has been downgraded nine times, quoting from jeb bush, bond upgrade to aaa to sorry downgrade of america's credit in these years. that was the commitment and that is the record that turned this state around. of course referring to the fact that he will be in florida, the genesis for his presidential run today. his mom will be there. we are told, his wife will be there, we are told. but his brother, former president and his dad, former president will not be there. jeb, 2016, with an exclamation point is the message. the bush name less important than jeb with an exclamation point. meantime this comes the same day we're hearing saudi arabia is expanding those who can participate in its market. right now it is open to all

foreigners including all u.s. investors. that was interpreted favorably in trading today. but lieutenant colonel bill cowan wonders where some of that money could be going, not all of it. colonel, you worry, in retrospect a lot of terrorists fed the gains through those markets and you're worried it could happen all over again, right? >> i don't think there is any stop to it, neil. the classified 9/11 report has 38 pages redacted. senator bob graham and others that have seen the 38 pages clearly points out saudi arabia funding in the 9/11 acts and 15 of the 19 hijackers as the audience knows were from saud saw. there is clear indication that saudis continue to fund imams, mosques, terrorist groups, organizations, anything supports their forum and strict interpretation of islam which is wahhabiism. neil: the argument against that to say in free market that is

what the quotation marks when it comes to saudi arabia in free market what people do with their gains is their business. we hope that doesn't go on. sort of paraphrasing here, it could very well go on and same nefarious characterrers in this country or any region of the world. what do you say to that? is their head in the sand or are they outright lying? >> certainly people can invest wherever they want to if it i were investing or big money in the poems here in the united states and knew they were investing in the saudi stock market i would be yelling and screaming. there are plenty ever places, the saudi stock market is up 16% this year. this is good place to invest, no idea about it. an investment firm that has money there does so with the complicity, knowing full well that some of that money, not all of it certainly and not all saudis are involved in supporting terrorism, some of that money will make it way to

groups, elements, organizations people who are dramatically and violently opposed to united states. there is clear indications as an example that saudi money helped fund isis and they're paying a little bit of a penalty for that now. nonetheless it was their money up front that helped isis gain a foothold. neil: by that thinking you wouldn't invest in china because of biggest booming markets because they do questionable things. where do you draw the line. >> great, neil. i say every dollar in china, every dollar spend on made in china, every dollar spent in the united states is another ak-47 round that we the flights directly or indirectly will see at some point. neil: colonel, thank you very much. i think. bill cowan. warning about this years ago. very consistent on that. all right. hillary clinton we're told in concord, new hampshire. now we're told she will be speaking after the event but now, apparently attendees. you have to assume a given if

the attendees are there, they're fans of hillary clinton. so they like hillary clinton. it would be like me having a press conference here with the people in this studio, if they know what is good for them they will ask me very nice questions. then again, you can always be surprised. might not be reporters. might be those in that room, eager to have a chat with her, q&a format. if that happens, we think it gets to be interesting give-and-take we will of course go there. if it is all about. s and just political theater, and nothing going on we won't do to that. more after this. when a moment spontaneously turns romantic, why pause to take a pill? and why stop what you're doing to find a bathroom? cialis for daily use, is the only daily tablet approved to treat erectile dysfunction so you can be ready anytime the moment is right. plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night.

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neil: we've been watching the dow marveling at the fact we're only down 1 to points. we say only -- 130. very likely greece will put off the obligations maybe outright

default. imf walking out with talks with the greek prime minister. a socialist, saying he doesn't think his people could suffer anymore. normally that would lead to total craziness as it did in the european markets and asian markets that a key european union could be falling apart that would lead to substantial losses. for a while we had them. we're well off the lows. but again we're building up again. a lot of that on heels of big deals today. those rumored to be in the making, health care arena and those already announced. our money guy, larry glazer says what he thinks is saving investors from a situation that could be a heck of a lot worse. but he still thinks, larry, if i got your position right, that we're looking at a rate hike and that is something that will jar investors here? we'll know details tomorrow and wednesday when the federal reserve outlines its plans but you are expecting a right hike, right? why? >> certainly neil. part of today's volatility is due to the debt impasse in

greece but part of the volatility is due to what the fed may or may not say, may or may not do at it is policy meeting later this week. we know the fed is considering raising rates at some point this year. more than likely they will signal their intent of raising rates. so the market will be on pins and need dells -- neil: they already signaled their intent a myriad of ways. will they outright say it will happen, november, december, i don't know. i think this is the most telegraphed event close to human history. why will it be a surprise when they finally pull the trigger? >> markets do move in anticipation of these events and lately we've been seeing better economic data. whether jobs data, whether retail sales, auto sales, small business confidence is better. bolstering the fed's argument for raising rates. when they do pull the trigger, sort of like the guy that cries wolf, right? you know greece has been threatening to leave the euro and fed is threatening to raise rates. when it happens you think it would be after the fact. currency and debt markets have

been jittery recently in anticipation of these events. next we may see jittery nature translate into equity market as they take a wait-and-see attitude. what does this mean to me? what does this mean to m&a? do we have less m&a as we start to move up? neil: why are we seeing m&a we are? are they trying to get in while the interest rate get something good or what? >> get in while it is good. also we have relatively slow growth economy despite that better economic data. when you have a slow growth economy you merge, you create efficiencies, you create synergies. you don't necessarily create high-paying middle class jobs. but you do whatever you can if you're the ceo or cfo to raise your stock price or raise profits. raising profits is not necessarily good for the middle class. it is good for the shareholders. that's what we're seeing in mergers, creating value for the shareholders, not necessarily creating value for the economy as a whole. neil: thank you very much. we'll see. waiting for jeb bush to make it official.

he has filed paperwork for the federal election commission. he is ready to announce. he will roll out some of the themes as two-term florida governor with aaa state rating not so subtle dig at democrats in the white house with our own country's credit rating or chris christie has seen his dinged nine times. he set to announce more than an hour from now. more after this. part adventure. it's part geek and part chic. it's part relaxation and part exhilaration. it's part sports car and part suv. and the best part? the 2015 gla. it's 100% mercedes-benz. it's a highly thercontagious disease.here. it can be especially serious- even fatal to infants. unfortunately, many people who spread it

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neil: all right. they call him the gorilla in the race. jeb bush with $100 million likely in his arsenal, five times as much as mitt romney had four years ago at this point. will make it official an hour from now in miami, saying he is running for president, the third bush to do so since 1980, either as presidential or vice-presidential candidate then with his father. tweet reaction we're getting from the likes of, jeb bush needs to do something to address himself apart. miss sweets writes should distance himself from george w. bush but jeb has no fire in his belly.

joshua rights following. america needs results. jeb bush has a record in florida showing to be our best leader. it is that record in florida he will be pounding again and again. conservative record at that to win over some skeptical republicans. we will know about an hour from now. now to trish regan. trish? trish: neil cavuto, thank you very much. we're less than an hour away from jeb bush making it official he is running for the president of the united states of america. the former republican governor of florida set to take the stage in miami moments from now. over the last few months he is lining support, raising money. he returned from a trip overseas to increase his foreign affairs chops to rival secretary hillary clinton. hillary clinton knocked the rich and vowed to be cam people of everyday americans. joining me here for the hour, dick parsons, former chairman of citi and former chairman and ceo of time warner. great to have you