was the get washington car for dylan roof. he has been captured. he was cooperative upon his capture, and apparently according to police chief he acted alone. the president will address this issue moments from now. neil cavuto please take it away. >> thiewng stuart thank you very much. waiting to hear from the president separately keeping an eye on capitol hill and trying again on this trade measure. now they just agreed to the -- the provision on how they're going to go through this. in other words, approving a procedure vote allow a vote on a trade authority bill that would you know the drill by now. probably have memorize it had right now grant the president to go ahead and get trade deals through up or down votes in the house and senate. chad on the latest on that. chad what can you tell us? where does that stand? >> looking right now as you were reading intro there neil they've started road call vote on prevention authority frame qork

that passed house of representatives last week. but it was kind of a point coupled to the other bill. trade adjustment assistance that democrats look on its face but they blew this up because they don't like tpa, the vote now.ow. they have votes to pass this last week 28 democrats. 129 republicans about a john boehner just a few minutes ago said that he thought they were in a good place on this. they've lost a couple of people who were just absent today versus last week. some of the south carolina members for oven reasons have gone back to south carolina but they think they're in a pretty good place here. but remember, they're passing the separately without taa that was the con contingency at some point they have to put that genie back in the bottle and try to pass that boehnering and the senate majority leader, they sent out a statement saying, assuring the fact that they would try to do this very soon. that is going to be key to get democrats to pass that minority. the nancy pelosi said that she

doesn't see how they get this done. and i've got to tell you they have to knock this back to the senate. remember when this passed senate couple of weeks ago this changes dynamic they were coupled together now they have decoupled them and ask senate to do that. that vote in the senate could be a little bit differently -- different. they said something couple of minutes ago thaftion interesting talking to the president. working with democrat, senate they said past three weeks have been absolutely bizarre. if they get this through, that is the best way to explain it, neil. >> to step become and help folks not as -- up on to speed on this as you are, if you are by the way, but this is a separate up or down vote for trade promotion authority that grants the president a right to go ahead and score a deal and put it in up and down vote without people adding events or other things that typically happen with packages legislation and the like. but what he was referring to what chad was referring to with a special agreement, side protections for businesses like

unions that were considered a give me in the senate, when they first approved this if that is taken out chad your point would be that they're fly naked here in other words they don't have, though, assurances so they can't go back that democrats can't go back to their -- no guaranteed protection for you. but we're working on that. that puts a doubt in the senate assuming this passes today. i'll tack a leap here and say it will. but we don't know. then -- then you've got to start from scratch in the senate, right? >> aye, that is the problem. nobody knows how that works so they have 62 votes in the senate couple of weeks ago. 60 is the magic number so you have a few democrats peel off you might not be able too get past that procedural hurdle off fill buster that requires 60 that was unknown quantity right now. that is why the president had a senator democrat an from the house and senate down to the white house yesterday. talking to them, seeing what,

you know, what weight their streets could bier on this piece of legislation if they, you know, did this in a different way. neil used it have that song breaking up is hard to do. they have this bill together and they broke it apart. and that is what is going to be a lot of trouble here in the united states senate. we don't know if they can break this apart and approve it in the senate like they did weeks ago. that is the real wild card in this, neil. >> you and i might be only one to appreciate the deal, the analogy having said that. >> number one song -- >> absolutely. written so many others. do you get a sense that maybe the president is delaying his -- let's talk the south carolina shooting because of this holdoff? are you hearing anything? >> i haven't heard nog like that if anything, just as a i was coming over here iftion hearing that house might vote a little bit earlier. hay did by a couple of minutes. i don't think that these two things are related necessarily. they do pay attention to real world events sometimings.

but i've heard no indication that house kind of goes when it is ready to go. remember, this is a getaway day in the house of representatives, and it will be a deal break when they finish next votes in the next half hour or so. >> chad will keep us updated with his expertise talking about that in the house, grant the president the authority to go ahead and get the deals but it is not done unlike last week when they could have wrapped this up. now things have significantly changed back to the senate presumably next week or so. but hope is before the july fourth holiday, they have this done. but how have we gotten here? republicans are teaming up with the president and democrats abandoninged the president does it leak of elizabeth warren and far left controlling the agenda not only in the democratic party but on keet issues like this on trade. charlie gasparino has been looking into that and we've been talking charlie a lot about, you know, the hijacking of the democratic party.

with nancy pelosi at the president. you think about hillary clinton abandoned president. all on this issue that any type of trade deal is damaging. is that argument winning out among democrats? >> among yeah, especially democrats up for reelection as the left flexes muscles. i never thought i would say this. but democratic party right now rankin fool is largely to the left of president obama. and this is true. and it is on economic issues in particular where they're, you know, old clinton democrats used to call them new democrats they're done. this is over. it is really the weir back to the 1960s, late 60s early 70s. >> i was wondering clinton say to the party you can argue about 1992. i always got a sense and you and i talk about this in the past that they didn't core the party. didn't appreciate this middle approach, this more moderating approach to trade deals and the like. that it is stuck in their call. this were happy with the d victory. but they didn't like the way they have to go about them. is this --

does anyone step back from this in the party that you hear and money guy you talked to that this could kill them in a general election? >> they don't think -- when you talk to wall street money guys they think that hillary clinton this is a big game for her all about her trying to act, you know, when the base welcome and move to the senate. >> must look at her record and husband's record and look at how she's trade deals herself. >> but that is why they say this is a ruse going back to the senate when the real number -- >> yeser easier said than done. >> able to go back to the senate because democrat party has most offed far left that she would get moved. not back to the center if she did, if she won the general elections 2016 she probably get primaried and lose that primary. so i think that -- >> you have to focus on getting elected first. >> now, gee i don't think she can govern like a moderate

because i think she would lose in four years one term president because she would be primary. >> one term president beats never getting shot at all. >> maybe, maybe that is how she's looking at it. >> can't -- >> i don't know how when the rank and file. jeb bush may be moderate on a lot of issues like immigration, common core. but gses guess what, he has to bend on those issues not just to get nomination but withins to run again and win. >> can we keep charlie here if you don't mind? you go out to work out lunch or whatever 37 absolutely. a difference but the next most of in the senate more to the point of that, changed marketly now, or could. remember they decoupled these provisions of, for example, for businesses unions and the like. whether that could make us a tough sell in the united states senate. bill nelson joining me right now

from the fine state of florida. what do you think senator that the livelihood that this would pass assuming it goes through in the house today. yk that is a big assumption but that would carry over to the senate. what do you think? >> it will pass. >> i think it is more complicated in the way that the house is splitting it up -- they're going to pass just the tpa. there are some of the moderate. thamplet is the trade promotion authority the one that gives the -- >> that is the fast track authority. >> there are democrats in the senate that will vote for this, but they want the trade adjustment assistance which is that to help people whose jobs are displaced to get them retrained. these democrats and including this one, want also the customs bill which we added things that will help ensure that the viewrmt environment is not

damaged. that labor is not besieged. you add that to the general preferences for african nations and haiti that is called agoa bill. that ought to be one package but more difficult now that the house -- are you on --r this trade deal? >> orveg. of course. >> charlie gasparino and i were talking about this notion that your democratic party has driven to the far left that you're now -- you know, those raidings tea leaves say you have hillary clinton moving to the left on this issue. despite her husband's trade deals. despite her former boss, president trying to push through this trade deal. that the party has moved so hard left. that you have become the party of elizabeth warren an bernie sanders not so the moderate ring of which i would put you a number. what do you think? >> well that is poppy cook.

>> that is a strong word senator. >> well it happens to be true. >> there are 14 of us that provided margin of the victory now that one of the republicans is back, will be 63 votes in the senate for the trade package. >> but i'm looking in the house, senator where it wasn't poppy cock to say you barely got 44 votes to overwhelming defeat and assurance provision went down defeat among democrats at a time when the president personally tried to twist some arms coming to capitol hill last week was repudiated by the very first ingredient of nancy pelosi maybe the senate is different senator. but i'm telling you house gave him a finger. >> i understand that. but little massaging, caressing,

a little more explaining, it will all work out at the end of the day it shall pass. >> senator it is a pleasure. poppy cock gasparino says worse stuff. >> what do you make of that? >> he's there, i'm not. you know, i take him at his word if they -- poppy cock or? ferghts get it passed at some point. but at some point if you're going to keep watering down and doing all of the side deals, is it worth it? and is it really a trade bill then? you have to ask yourself. >> that is it. this very change today voting on today this is not what therm voting on before it has changed a little bit here you have to go back to the senate so changing. >> so question is -- this is free trade with the current -- democratic party. it is not really free trade but a grab bag of special interest. >> different from the senate, house and he's rooght about that but different party.

monitoring this. granting the tbt this quick trade authority he's expected to pass but again they were saying that last week. you never know but that is what we're focuses on about to be the magic number to make it happen. but not a done deal back to sen. up to date on this drill they sell with the same graphics they did in 1962 four point aerial type you have to squeeze your eyes to see. nowhere near that. a lot more, stick arranged after this. so you're a small business expert from at&t? yeah, give me a problem and i've got the solution. well, we have 30 years of customer records. our cloud can keep them safe and accessible anywhere. my drivers don't have time to fill out forms. tablets. keep them all digital. we're looking to double our deliveries. our fleet apps will find the fastest route. oh, and your boysenberry apple scones smell about done.

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(don't fear my darling...) (the lion sleeps tonight.) woman snoring take the roar out of snore. yet another innovation only at a sleep number store. >> breaking news as we come back on "cavuto: coast to coast" waiting for comments from president obama, and the white house briefing room on last night's shooting and just in south carolina, as we recap quickly for what we know about the manhunt that wrapped up in

the last hour. we were told by authorities that 21-year-old dylan roof captured and he was captured captured wif alert citizen 200 miles from shooting at a church in charleston. a citizen in shelby, north carolina reported a suspicious vehicle called the police, the police pulled vehicle over, and they were able to take into custody this 21-year-old. dylan roof. now, as for the shooting last night television just after 9:00 in the 180-year-old well known black church in charleston, south carolina that this guy went in and sat for about an hour in the church meeting in the prayer meeting and then he got up and started shooting. when all of a sudden nine people were dead. in custody right now 21-year-old awaiting comment from the president on this that should be getting done here shortly. >> thank you connell very much. thank you else the results of this latest house attempt to get this trade thing right this trade authority grant -- to go ahead and score a deal and

have the congress votes up or down on it. 217 thereabout votes you need, again this is 4 point aerial type here but around 124 republicans. thank you my much young ire producing, but thank you for that michael. we've got developments here with this if this does go through. grief again because this was a day remember angela merkel said it is thursday or a long week. that is my german. better than any scottish one. sorry i do that, anyway we have mark, charlie gasparino with us. issue is grief could blow up everything because it doesn't look like they're anywhere except for angela merkel says get gone. >> tired of listening to that. it will be horrible for greece

if they end up leaving eurozone if they're -- >> well it is, you know, we see a lot of comparisons so the united states if they're on their own very, very long difficult period. but that way we're not beginning to assent the rest of the continent that is what -- >> qowld it be the end of the world? >> no. >> affect me? >> nothing. i can hear we're exposed this as they go to portugal. you know. >> i think our banks are -- knew this was coming down the pipe for last two years. so -- >> they have years. >> end of the day thought they could hunt on it. >> banks if you're worried about banks exposure you have it hedged. market doesn't seem to care. >> i think it would care if it fell through. the greece. >> i don't think market cares too much. i remember covering lehman once blown numb 2008. market did care about bare

sterns. that was here. >> yeah but it was exposure market people knew drk >> anything else we should know about that? >> >> in portugal they're bigger economies but they tighten up -- [inaudible] >> what if they all went back to that? >> you want that. >> a rebound we were having same conversation two years ago about greece. banking interests are expecting it -- >> right point, though, suppose they european union broke up. that is when it all gets exposed ponzi scheme is exposed. guess what is happening here germany is propping up all of these countries from italy, spain to greece. they're this smallest midget in the room but pumping up larger -- >> all of that to interrupt president now commenting on south carolina shootings.

and apprehension to the guy who did them. >> i spoke with and vice president biden spoke with wiley and charleston leaders to express our deep sorrow and the senseless murders that took place last night. michelle and i know several members of emanuel ame church. we knew their pastor reverend who along with eight others gathered in prayer and fellowship and was murdered last night. and to say our prayers and thoughtses are with them and their family and their community -- doesn't say enough to convey the heart ache and the sadness and the anger that we feel. any death of this sort is a

tragedy. any shooting involving multiple victims is a tragedy. there's something particularly heartbreaking about death happening and a place in which we seek solace and we seek peace. in a place of worship. mother emanuel is, in fact, more than a church. this is a place of worship that was founded by african-americans seeking liberty. this is a church that was burned to the ground because its worshipers worked to end slavery. when there were laws banning all black church gatterings they

conducted church meetings in secret to bring closer to line with highest leaders spoke and lid marches from this church's steps. this is a sacred place in the history of charleston, and in the history of america. the fbi is now on the scene with local police, and more of the bureau's best are on the way to join theming. the attorney general announced plans for the fbi to open a hate crime investigation. we understand that the suspect is in custody. and i'll let the best of law enforcement do its work to make sure that justice is served. until the investigation is complete, i'm necessarily constrained in terms of talking about details of the case. but i don't need to be constrained about the emotions that tragedies like this raise.

i've had to make statements like this too many times. communities like this have had to endure tragedies like this too many times. we don't have all of the facts, but we do know that once again, innocent people were killed in part because someone who wanted to inflict harm had no trouble get their hands on a gun. now is the time for mourning, and for healing. but let's be clear, at some point we as a country will have to reckon with the fact that this type of mass violence does not happen in other advance countries. it doesn't happen in other places with this kind of frequency. and it is in our power to do something about it. i say that recognizing that politic of this town.

for a lot of those avenues right now. but it would be wrong for us not to acknowledge it. and at some point it is beginning to be important for american people to come to grips with it. and for us to be automobile -- able to shift how we think about the issue of gun violence collectively. the fact that this took place in a black church, obviously, also raises questions about a dark part of our history. this is not the first time that black churches have been attacked, and we know that hatred across races and faiths pose a particular threat to our democracy and our ideas. the good news is i'm confident

that outpouring of unity across charleston today from all races -- from all faiths, from all places of worship, indicate the degree to which those old hatred can be overcome. that certainly was doctor king's hope. just over 50 years ago after four little girls were killed in a bombing in a black church in birmingham, alabama. he said they lived meaningful lives an they died nobly. they say to each of us, dr. king said, black and white alike, that we must substitute courage for caution, they say to us that we must be concerned not merely with who murdered them. but about the system, the way of life, the philosophy, which produced the murders. that says to us that we must

work passionately and unrelengtingly for the realization of the american dream and if one will hold on -- he will discover that god walks with him and that god is able to lift you from the fatigue of despair to the boyency and valleys into a sun lit path of inner peace. governor and his congregation understood that spirit. their christian faith compelled them to reach out not just members to their congregation, or to members of their own communities, but to all. they opened their doors. to strangeers that might enter a church in search of healing for redemption. mother emanuel church and his

congregation have risen before from flames, from an earthquake other dark times to give hope to people there, and with our prayers and love and hope, they will rise again, now -- to the place of peace. thank you. >> president -- [inaudible] >> all right, president takes commenting when shootings in south carolina, and using this as an opportunity to say we have to do something about all of this violence and gun violence. but to say that this is a unique to america, of course, just looking at him speaking here. we have this type of developments worldwide in norway a lone gunman years back killed 68 campers two-thirds of them children. another two lone gunman in kenya killing about 170 people as part of a targeted group of largely women and children we've seen mass shootings in nairobi, in

paris, in rome, and in just the last five years, in poland and too in germany i should say. again, we've seal to be familiar with this sadly a global pat rn that knows no end. connell mcchain has been following this and going to raise is again about gun control. but the president was probably right to say that tone and temperament in washington -- isn't from making much progress there. but it is a global issue. whether it is guns with violence increasing violence. >> no doubt noteworthy that the president chosen once he got through the emotion of this terrible event last night and talked about his conversation with the mayor of charleston, south carolina and did mention the attorney general's open day hates crime investigation. following the shooting carried out by a white man in a black

church. that he went then to the gun control conversation, and after that, went bang to the fact that this happened in a black church saying television not the first time certainly in our church that something like that. but first statement on this was to talk about the gun control, and kind of put it in the same category i would think as many as school shootings and things that he's had to talk about over years saying this is not the first time he's had to make a statement like this. >> number of victims look this. we should pause it here that in the last seven years, we have seen better than 450 killed in such attacks. about one fifth of them in the united states. all right in the meantime i want to focus on what is happening in washington as presidents was speaking that trade measure is rowpgding president full trade authority. at least passed to the house this go around. now it goes to the senate where it is changed. charlie gasparino has been

watching that as well because this is not original measure, and there are no guarantees and we've been hearing from number of senators to say it might not be received the same way. >> i wonder why we have to go through this ruse. it is not free trade anymore. they've given so much up. there's so many side deals. it doesn't seem like it is worth it at that point. i know the president doesn't want to look stupid and republicans will say half a loaf is better than zero on free trade but this is what we've come to the democratic party free trade if you have a bill like this with all of these machinations by the way this is one procedure event we have to go to another vote. if you're doing something like that it is with bells, whistles, with the democratic party base holding its nose. >> most significant way of tag it joining us. one of the things that i worry about is whatever your political views, it is much harder now to

get any type of trade legislation through mainly because a lot of people feel that these trade deals particularly democratic party have burnt them and their carveout and provisions for them they're not going along. >> so they're getting them to come up in washington is what is happening and partly thanks to republican majority where, you know, the republicans ironically are runs who are helping president here which is outrageous considering result of the election in november. but you're right what you may see now. >> you may want this trade legislation? >> not the trade legislation that they put together. i don't even trugs what is in this. >> a lot of conservatives that they bsh because they've been burned on executive or orders tt they don't know what is in it? >> a clutch because they have to answer to their far right and want our borders closed they don't want freer trade. they don't want a trade pact that is eventually together with

specifics. >> most is for this. but you're right. >> far right and then democrats have to answer to the unions and unions don'ts want this either. so there are reasons i think this is a crutch this could ultimately lead to down the road long time out with greater growth in the united states. greater opportunities for u.s. government. >> up in here up on the dow. a lot of catalyst for that including sudden perception that, you know, we're going to deadline all of the things and very good reception for new ipo and greece. >> that is -- when you read -- >> hope that they can gobble. >> twitter feed is on greece doing a deal. a lot of smart people saying on that. >> this could -- >> only up 100 point. [laughter] >> i love that federal reserve bairvegly kicked can down the road nerals of raising interest rates that the economy is looking not so great. we reduced our growth estimates for the year, and --

stock market and the stock market rallies, though, that is the idiotcy of it. i want to join by former democratic senator you heard about this development. first of many, many votes that have to go to get a trade deal. but so watered down so changed. concessions made the for so many on both left and right that i'm beginning to wonder if it is a trade deal at all. you're skeptical an say that american workers have not benefited from. are you still that way? >> yes. first i want to acknowledge deem sadness all the events in south carolina now i would like to speak about trade. let's face it. this trade bill is a black box. no one really knows what is in it. one thing we know is that we're giving up our national sovereignty to the basis for the country being foreign to have self-determination in our government is out window with

agreement that lets tie tribunal to see if federal, local state laws stand. that sun american -- >> you don't know what is in this trade deal, right? did you use this same argument >> i'm saying -- neil: did you make the same argument on health care. >> you know, what? we found out later on that there were things in health care that people didn't know about, that's true. inconsistent with somebody like nancy pelosi saying i have to read and understand what is in this when that health care bill she apparently did not. >> this is a dimensional question. >> it is -- in this respect important to read one. a land mark legislation of a big government. and other one it is the same, right? difference i? here's the difference. we but we will not have control over trade policy once this thing passes. neil: that's very weak. >> are you kidding necessity

listen we're losing our soprano sovereignty, what could be worse than. neil: and we lost our money and it's getting billions and loins over done -- >> you want to talk about trade? i'll talk about trade. neil: no. no. many. i'm just saying you're being very inconsistent, i love you dealer, but you don't read legislation, and if it speeches now, it would speeches back then. you've got to be consistent. >> the trade bill costs us our sovereignty. bottom line. neil: all right, charlie, what do you think of that argument. >> i'm in your camp. i think you should read everything before you vote on it, and it is kind of hypocritical for her to say i don't know what's in this fortunately, and i don't know what's in the other thing, but it's okay. by the way, you do give up sovereignty with the health care bill. and you could reclaim sovereignty back with this. i mean another congress will come in and say -- neil: and if the congressman is raising a very good point, you know, conservatives are

skeptical. we don't know what we're getting into; right? >> right. let me tell you. let's figure out -- how did we get here? we got here because the administration and the republican leadership decided to keep there secret, remember in 1993, what would the criticism of hillary care? >> credit. >> it was secrecy; right? >> the bigger issue. neil: this skepticism about the deals great boons to the american worker and now they feel the american worker. nap comes to mind. do you think american workers benefited from that. >> i think they did. >> ultimately they did, but people remember the communities who lost all the jobs to mexico. furniture manufacturing and they remember that, and i think this goes down to politics. i don't believe a lot of republicans want to get -- line up next to the parking lot and help push through part of the president's -- neil: well, a year and a half; right?

>> right. there's concern. >> it's also hard to say, let's do this trade deal, we're down the road; right? it's going to give you all this economic benefit when you have 1.5 economic growth now. we're doing -- people are going to take an initial hit. remember trade generally n long run. but when you have 1.5% economic growth and you're saying take a hit for a couple of years, they will look at you and shake their head. >> but you're taking the constitutional roll out of the process here. there's something wrong with this, and it's because they want to keep it a secret. neil: was it the same way as a democrat senate. >> absolutely. neil: no, you didn't. >> i did. neil: look at me. >> he said you're demented. . neil: no, he said you're demented. >> dementia. neil: wall street has a if you know way of showing it, the dow up 209 points, the nasdaq -- it's a record; right? >> i think it's a record. . neil: and fitbit, i swear by this thing, because fittan is, this thing is on fire.

on fire. this is a -- 6, $7 billion company? >> when you have 0% interest rates, fitbit. neil: that's exactly right. we'll have more after this

neil: all right. looking at the corner and all a big run-up in the dow, big, big run-up in the nasdaq, that is record level territories we haven't seen since the boom in 2000, we're back to those levels. were you able to take a peek at the nasdaq? heavy in a lot of these technology names. it has always been the case, and it is now into record territory, higher than it has ever been. one of the big catalyst of course for a lot of those developments is a certain ipo that has pretty much everything to do with fitness and only fitness, it is not the apple watch, it is fitbit, and it is all the rage. jolene kent has been following that rage, what is it? a $7 billion company. >> yeah. that market cap just

keeps on growing, neil, and it's up 50%, it's maintainment level is all throughout the day. we're talking about a fitness tracking set of devices that really dominates this sector. they have a 56% market share. they are not afraid of apple. i asked the ceo earlier how are you going to make sure that apple doesn't just come in here with a watch and take you over. he said he's very paranoid about the future and he's going to constantly innovate and try to stay ahead. we can't forget the competition as well, talking about nike, and jaw bone who has filed two lawsuits against fitbit, including intellectual property and patent issues, and it's really the beginning of what is going to be a hot market. neil: now, catching you reporting earlier this morning. the ceo went into the morning having $20 million, $20 million from preoffering; right? >> yeah. neil: and then as the shares soared, he was looking at

getting half a billion and then now i guess we're at 600 or 700 million. i know he told you that he doesn't focus on that, that he's going to give most of it away. i don't believe that, by the way. but you talk to many of these guys, the alibaba ceo came into the town for the offering. >> yeah. neil: are they like that? do they really feel that this is important, it's the thrill of the hud kind of thing or do they look at themselves and say, hey, i don't have to wear it anymore. >> it's a good question, and it's hard to tell right now, the ceo has only been at this for eight years, he says he wants to keep it an independent company, he doesn't want to sell it for even more money, say, later on. but you do get the sense in silicon valley right now, and this is a san francisco based company is all about giving away like that wealth at the end and really making that money do more than what it could do to buy things. and what james park said i'm not actually a sings guy, i don't own a lot of stuff, but i have a feeling his life is

going to be a lot more comfortable when i asked him how much he's actually making today. he actually corrected me. i said about 600 million, and he said, oh, no. 700million. neil: of course he knows what's going on. even if the guys feel that way, their extended family say, you know -- and then the ideas start coming around. jolene, thank you very much. >> thanks knead. neil: the fitbit is to leave the downers tied, but not completely so, your argument there are others certainly do this and all you can do with this is track your fitness and maybe how are you doing when you're sleeping. but there are other devices that do a lot more. explain. >> well, if you -- boy, by the way, look at the individual fitness tracking devices, fitbit controls 85% of that market, so they've already got the market -- neil: some of these do other things than just track your fitness.

>> that's right. neil: but they're saying they're the big leader. >> that's right. so, in my opinion, you've got 21 million people that use these devices, it might swell to 30 million, that's not much of a market. and then you've got apple, google, samsung, nike, garmin, all these people coming into these very, very new markets and you've got a lot of money behind them. so in my mind, i look at the valuation of the company, i like their products, i know the people who use their products, and the company is now worth 7 billion or close to it, it's more than fossil, worth more than a lot of major companies that are he didn't stable earnings. so the question now becomes is where are they six months to a year from now when they're facing this competition? how will these lawsuits pan out? and in my mind, i see the company moving lower, i see it ending up like a king digit, which came public last year and then came down sharply after a rally.

so if you're an investor here, i think smart money is let it shape out, let it come down, 20, $25, and then perhaps three or four months from now and we see the earnings are stable and the lawsuits are nothing and they do have a great plan for the future with the $750 million, then you look to buy, but i think they'll move lower from here. neil: if you remember the timing, they always say history repeats itself, and i'm thinking of fitbit today, i'm not saying it's not a promising company, but there were a lot of companies similar to that 15 years ago and the ipo largely internet rage at the time. a lot of these companies earth web, we all know the names, went bye-bye. now here we have the nasdaq at a all-time high, going back to what it was 15 or so years ago. do you ever get the sense that maybe this is returning to those days and it's all coming together? or coming apart? >> you know, there is a

difference in the dot com bubble, and i was the number one trader in the '90s, and back then it was a bunch of companies that would slap the dot com on the end of their name, and they got hills and millions of dollars, and a lot of them didn't make any money. what's difference about fitbit is they are making money, they do have a good thing. but to make a comparison, skull candy, if you remember a couple of years ago, they became public, they make earphones, and everybody was crazy over them, and they just recently really started to fall apart. and at the end of the day it's a cool device, but you're in a sea of other cool devices. and are you really worth $7 billion? and a very limited niche market, and that's my biggest concern. neil: i wonder if the fitbit has a warning when your stock is overvalued -- all right. thank you very much. a little bit more what's kind of driving this market as well. we're getting news out of germany that it -- the greek

aid that they were looking for is going to be extended through the end of the year. apparently without the imf, are these through german reports, so others are not necessarily confirming this, but it would be in keeping with that threat we had from the likes that thursday would be the day that we're going to get this decided one way or another and remove uncertainty. the uncertainty being that today, in fact, is the day, but they are kicking the can down the road, whatever the greek expression is for that until the end of the year. they're buying themselves sometime, but they have to give some credit as i said, she was like the james bond villain and said thursday we're going to get this done. yeah, that's the extension. we'll have more after this if you can't put a feeling into words, why try?

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neil: very close one at chicago's midway airport this morning, two planes coming 2,000 feet within colliding with one another, they still don't know who to plame, whether it was air traffic control, or the pilots. hard to say this much is not. the timing for the faa hiring practices couldn't be coming at a better time. adam was on that before anyone, right now on some of these hiring investigations that are going on, thanks to a lot of his reporting, adam, that's the latest on that. >> so the faa has hired 564 people under a new hiring process, which critics say has dumbed down the qualifications you need to be a air traffic controller. we finally got ahold of

joseph, now,est vice president in terms of training for the faa, and we asked him about the cheating that fox business uncovered on the entrance exam, as well as the corruption in the air traffic control program, which shows their hiring process is corrupt. and here's what he said not only to fox business, but to every american taxpayer. quote i'm not really aware. it's not my area of expertise, and it's not my problem. this from the man who the faa says is in charge of safety management systems and standards for the air traffic organization. as well as certification of air traffic controllers. neil. neil: it's not my problem. man oh man. i think this next step would agree that it is his problem. chairman frank on some of these hiring practices or lack thereof, congressman, what do you think knowledge of that? >> well, it's just outrageous. but let me start off by thanking you for the

opportunity, and also fox business for doing such a tremendous investigative report, which we knew there were problems, but that fox business report really elevated it and crystallized it to a point where we could actually take some action. . neil: what action will be taken here? now, we don't know what happened to the case of midway or whatever they want to call it, but it did call into question again whether it air traffic controller or confusion there. do we fear that we don't address things like this could become common? >> well, sure we fear this. it's an incredible safety concern. but what we're dealing with here is a shortage of air traffic controllers, and we had a process by which to provide candidates who were very well qualified who were spending a lot of money on their own as you watch the fox business reports, you could tell. and the faa has apparently decided to arbitrarily abandon that process. and now when you add onto it the cheating scandal, which

clearly is a huge problem and the faa official whose trying to pretend that it's not part what they had to worry about, that's ludicrous. so the chairman bill and i send a request to the attorney general, and they will be investigating this and conducting an investigation, and i can promising you from the full committee and the aviation subcommittee that we're not about to let this go. . neil: all right. thank you, congressman, it is a little concerning when the folks in that might not be up to task. we hope that's not the case, but it is a concern. all right. quick look at what's going on, the dow racing ahead on ease now that greece is going to be able to save off another day. you know how this drill goes, they just delay, delay, delay, and also a enormous run-up on nasdaq, it's back to what we were doing in the boom of early 2000s, and then the middle of this. we have fitbit going off to

the raises here, an ipo that knows no end, no bounds, and a company that going into today had no value and now has a $7 billion value. and all it does is track whether you're keeping track of your calories and exercise. when we come back

>> okay. i'm sorry, i do -- i was getting word that the house okayed a repeal of the medical device taxment and a tax that would help pay for obamacare, affordable care, and house nixed that. and isn't a short bet that it's a slam-dunk and gets passed, gets to the president deal and the president would likely reject that, and they wouldn't know where the money would come from if that's slapped down. and the same in the supreme court, subsidies helping people pay for the affordable care act and that's not likely until

next week. all medical rulings until next week. connell. >> on the tech heavy nasdaq, neil, to go back to the year 2000 where it was last at these levels. hitting an all-time high just in the last hour or so and there's the nasdaq composite at 5134. so to see it all the way back there, you're going back again 15 years to the point where it was, there again. so back in those days, i mean, it's funny to hear charlie was talking about it earlier, here is the 15-year chart. the company today is fitbit or pets.comment and going crazy when i was just-- i was still young, but just starting business a year into it. i looked great. footage of me back then. then i was always doing radio. that's 15 years. nasdaq stock, see this is, by

the way, the best filler i could do until the next chart came up. starbucks, and a bunch of others hitting individual all-time highs. a lot of all-time highs for individual stocks and back to the year 2000. i don't know if you have any footage of yourself dr. cavuto. i wasn't-- >> didn't say six. 2000. neil: he doesn't. >> incredible. and helping the dow, not all kidding, at least hope as charlie gasparino said earlier in the broadcast, they're going to cobble together these deals. they kicked the can down the road, i don't know the greek term, kick the olive down the road, just to tide them over, but that was the threat of the likes the angela merkel in germany making sure the closure, i guess, they're going to lend the money until the end of the year, they're not getting it through the imf.

and they said, you're on your own, on your own. germany intervened, we're told. and this is from the german press and they interviewed and said, no, he know, we'll keep you going a little while longer. and heritage on whether we've averted a greek tragedy or put it off. what do you think? >> i think that, you know, this is a long-term greek tragedy, neil, and whatever measures are taken in the short-term by the european central bank, by the european union or by the imf are not going to change the long-term picture with regard to greece. i mean, greece has a failing economy and a debt gdp ratio of-- >> let them go. you don't fit in the club, the only one that does, the standards that fit this that club is germany, it's not a club you want to be in anyway, go, don't let the screen door hit you on the way out. >> my view is that greece should get out of the single

currency and shouldn't be have been in the-- >> and what about if portugal, spain follow. are you in that camp? >> well, i think the entire euro zone idea, the european single currency idea is a political one rather than an economic one and i think that certainly if greece leaves the euro, you are going to see other countries potentially exiting as well over the course of the next few years. neil: that would be bad, why? what's the shock of that. that would be bad why? >> well, i think that in the long-term, some countries are outside of the european single currency and i think it benefitted germany and some of the countries of central europe, but some are worse as result of being part of the euro. i think it's about time that greece gets out of the euro. probably good idea for greece also to move out of the european union altogether north to reassert a greater degree of

sovereignty. in the long run, they have to deal with the huge economic mess it's in. it can only do so by cutting government spending and hugely bloated welfare system and you have a socialist government in places at the moment that isn't willing to-- in front of the kinds of reforms that are necessary in order to get greece on the right path. neil: all right, and you said nasty things about greece, wish you luck the next time you go to the parthenonment and one cause for the republicans, rand paul talking 12 1/2% flat tax right now and a lot of people paying attention-- 14 1/2% i should say, that it's the flattest of the flat taxes now. i think and i'm bringing charlie gasparino into the mix and restauranteur and so rich he doesn't have to dress up. i admire that. 14 1/2% flat tax in there and keep the mortgage and charity

write-offs, but he freely admits it's going to mean 2 trillion less in revenue for the government over ten years, but it would forcibly shrink government. what do you think? >> i think that anything that shrinks government is positive, very obviously. who says that they know how to distribute my income, your income, better than you or i? and that's what the tax code has to be revised. there's no doubt about it. neil: that kind of a flat tax, is that kind of a rate, pretty much one size fits all. are you okay with that? >> yeah, i'm definitely okay with that. neil: it's a different theme, republicans versus democrats, right? >> i don't know if a flat tax is ever going to happen, remember, we have been this road-- >> you know, we are going to have, if we have a republican president and you know, congress stays the same, we'll have tax reform to a large extent. so what i like about what's going on in the republican party and the press doesn't give credit for this, there's a

debate in the republican party how to get the economy going. what's the debate on the democratic side. elizabeth warren class warfare, bernie sanders, and hillary clinton-- >> if you like that, benefitted, the economy benefits, then there's arguments at that say that the economy is improving. >> i agree with it, but they couldn't be more different. >> absolutely, but the issue is, i think, can you get elected? that's what it comes down to. so the debate in the republican party is not necessarily positive because people don't understand that debate, number one. and number two, the democrats hide underneath compassion. ineffective compassion. neil: and let the republicans answer that? >> what did rand paul say in his column today? the rich have gotten richer

under this president's compassionate liberalism and the poor have gotten poorer, the wealth gap, i think that's a key issue that they're going to try to go after the democrats on. >> the wealth gap isn't-- the guys who got richer didn't take it from the people who got poorer. somebody's rich, based on from the poor-- >> somewhat sensitive to this-- >> if you're a hedge fund guy in this obama economy, you made a lot of money. neil: no doubt about that. but the idea of narrowing that gap. >> but it's created a bigger gap. >> and bernie sanders says the 50%, that's what we need. >> and 0% interest rates, guess what? steve cullen, the hedge fund billionaire would still be a hedge fund billionaire. >> it's a compassion, but ineffective compassion. versus the republicans have an opportunity to take a position other than a heartless, pragmatic business. >> i think if you read that

op-ed today, it was a pretty well-written op-ed by rand paul. he's trying to make the case why low taxes work and compassion-- >> certainly no one could go lower. >> no one has done it since reagan. reagan made that case. neil: and made it convincingly in office. by the way, liberals come to any of your restaurants, do you have your people like-- >> we can't identify them, neil. neil: i think actually-- >> the truth of the matter is it's not a liberal or conservative issue. it's the american people issue and the present democratic party seems to be running its economy in this country by manual. who is on the ground? i run a business. i have 4,000 people. i know the issues. >> telling me a community organizer doesn't know anything about the economy? [laughter] >> always angry when the ceo feels his business is targeted, this is what happens.

take a listen. >> but i'm an american and they're destroying low kosilek tristy in-- low cast electricity. it's the livelihoods of my employe employees he's destroying. you may not be as passionate about their employees, but every american should wake up to what's happening. neil: robert murray woke up even more, even worse, even angrier. in two minutes he's even going to be here.

just because i'm away from my desk doesn't mean i'm not working. comcast business understands that. their wifi isn't just fast near the router. it's fast in the break room. fast in the conference room. fast in tom's office. fast in other tom's office. fast in the foyer [pronounced foy-yer] or is it foyer [pronounced foy-yay]? fast in the hallway. i feel like i've been here before. switch now and get the fastest wifi everywhere. comcast business. built for business. >> all right. we told you earlier in the broadcast here that that vote, it was really not the key vote, but to show the sentiment in the house was for a trade deal and grant the authority to get a trade deal going and have the

up or down vote in the house. things changed and had to go to the senate. you know the drill. they hope to get something cobbled together before the july 4th recess joining us, how do you think it looks congressman if you had to handicap it and do the labyrinth of things that need to be done prior. will we get a trade deal and the president will have the authority to push this trade agreement through? >> yes, i feel confident that we are going to be able to make it. there's still a couple of hurdles to get there, but i feel confident that by next week you'll have at that t.p.a. or trade authority to go ahead and enter into those agreements. neil: do you think there's a big schism in your party, congressman, that i remember last week at this time, a week ago tomorrow, the president all the way to capitol hill to try to push his way and try to twist some arms and get the vote going last week when it really, really, really matters

and yet, the person who is brought in nancy pelosi, i don't know when she told him, but she didn't want this and we find out that much of the house democratic leadership doesn't want this and discovered that hillary clinton doesn't flip over this. what is going on with your party? >> well, the same thing like the republican party, there are so many republicans also they didn't want to support it. neil: they overwhelmingly about. >> right. on the t.p.a., but not the ta. but let me just finish my point here, so, basically what happened was that labor at first was trying to kill the t.p.a. by focusing on the trade promotion authority. and when he saw there was enough democrats that republicans to go together, then they shifted abruptly over to the taa, the trade assistance, the one program that helps workers and at that time the adjustment wasn't made fast enough and therefore, they got enough democrats, a lot of

democrats, majority of the democrats to vote no to kill the t.p.a. by killing the taa because they were linked together. today we had a different vote. today, separately, the trade promotion authority went over to the senate separately and bipartisan. there were 28 democrats that came in and supported it last year-- last week and we did it again this week and i was one of them. neil: all right, well, i love you dearly. i didn't understand anything you just said, but-- no, i knew enough to know we're going to fight another day. congressman, thank you, good seeing you again. >> thank you, thank you, neil. neil: a couple of things i want to bring up with the next ladies. this issue and some government hacking, coaching issues i want to go to this first. dagen mcdowell and a fundraiser. >> ladies, noel, the gist was this, republicans are going to say the president take on this and democrats

notwithstandingment i think it's weird. wondering whether the democratic party is now the one of bernie sanders and elizabeth karen and it's just weird when the president is deemed not liberal enough. >> really strange, too, and t.p.a., a lot of republicans for for t.p.a. neil: trade promotion authority. >> absolutely. what the republicans are not for, there's an article that came out i think that steven moore and larry kudlow did. neil: to protect people. >> it's welfare for workers and everybody knew that was bad so what happened was you had the union saying guess what, we'll flip the script on you and if you're not going to do this we're going to scrap it altogether. neil: that's what i understand, and this whole thing, i was -- ig da-- dagen, bottom line, it shows how weird and upsidedown washington has become. >> it's weird and upsidedown, credit to republicans who stood alongside the president who are willing to at least optics, you're standing by a presidedis

by some. and the health of the economy with free trade-- >> what bill clinton was able to do and newt gingrich, he saw a parade going by and he ran in front of it. maybe he can-- >> a great parallel. neil: maybe he can do stuff to get stuff done working with the republicans. >> a great parallel and he said the republicans, just work with him. guess what? if your face, we did, we're working with them, we want t.p.a. we're the ones that are going to do it. neil: i don't know, in your face, but they're saying they can do it. >> what do you think. >> and you guys are like varney, acting like you're from brooklyn. but all the machinations back and forth for the party. we're in the next election

cycle. and presidential candidates left or right, you're seizing on this moment, that republicans presumably want to stand for. the president, we think it's going to benefit the american workers and democrats are now moving toward very, very critical deals of any sort like this and anything that smacks of something business. >> who looks like the party of no now? it looks like the democrats are the party of no. reverse it, look what they're doing, standing in the way of free trade, which is what republicans want and the majority of-- even the president of the united states, mr. democrat obama, he wants t.p.a. so most of the people who really want free trade are supporting that, are on board with this. so the democrats are the blockers here. neil: all right, don't want to abuse you, but we're talking about fitbit next, came out of the gate, worth 6 or 7 billion yesterday and worth nothing yesterday.

what do you think about that? >> why in the world is a company-- i think it's a bubbling technology number one, and why in the world is a company that makes fitness tracking devices worth that much money in an environment where you've got two-thirds of the country who are overweight or obese and there's no evidence that it's headed in the other direction. neil: you're looking at me while i'm saying it? >> i'm not looking-- you're the host of the program. neil: condescending. connell is the same way. >> fitbit and people who use it, one fitbit commands more than two-thirds of the fitness device tracking market. that just says that it's ripe for the picking. neil: it's a cult, right? >> people fall out of the cult, on cessed with your fitbit and. neil: what does it do, jumps up and down. >> it tracks how far you travel in a day, how well your sleep patterns at night. people get addicted to it and then sick of it. neil: gotcha. >> i doubt the valuation on just like on a gopro and a lot

of technology companies. neil: if you have one of the picks, the stock valuation, might be jumping up and down, it's on fire. should it be? after this.

>> we're back on the market rally and covering it on cavuto coast to coast earlier this hour and talking how the nasdaq is back to the year 2000, a all-time high and other sectors are doing well with health care hitting the all-time high. dow in general having a very, very nice day and the health care sector is leading the way. and the thing about health care, all 10, by the way, s&p 500 sectors are higher in today's trading. the health care sector is hitting an all-time high. as we go back to neil, well-known stocks that are high today. disney, nike, j.p. morgan chase. at or around hit all-time highs on today's trading. pretty good day. neil: connell, you have no idea

what was going on in 2000. you just had your first communion. >> i was at bloomberg radio at the time. so i was-- >> incredible. >> at the tender age, i think i was 11, it was good, a young reporter. thank you connell, very, very, making his final appearance here on coast to toes. just like connell, the son i never really asked for. and he knows all the technology so if i learn a lot from him and quote him and use his lines as my own. really good on this stuff. i've looking at the fitbit thing and think it must have rabid fans and people like connell and dagen are telling me and other people telling me about the devices out there. and what makes this worth 7 to 8 billion this company. >> fitbit is in a good position because they basically positioned themselves a little ahead of their competition. jawbone, joins, a competitor of

fitbit. jawbone has been late to release their latest. and nike had a band and they discontinued that for the time being. all to make room for smart watches. meanwhile, fitbit has stayed true to what it's-- >> fitbit is only fit stuff. i can't get e-mails on it or any of the stuff on an apple watch. >> that's right, it's specialized toward fitness, health and well-being. from everything we've seen, people are growingly-- or increasingly interested in living healthier and longer lives. neil: do they survive the apple watch wave? >> yeah, because the apple watch is positioned at a higher price point, it does more, of course, some activity tracking stuff, but-- >> not nearly as good as fitbit. >> not as good as fitbit or the full eco system. fitbit does a number of other products as well and all of the things tie in together for the people who are-- >> are there too many of them? a lot of these devices? >> no, certainly, there are a

lot lot of accerometer products, but fitbit is synonymous with the category like kleenex or bandaid. it might not be a fitbit, but they track them with. neil: you're not wearing one. >> i'm not because i'm not healthy. neil: you're wearing a standard watch. >> i like a mechanical analog watches, i'm a fan of mechanical things. neil: do they know that at "popular science"? >> of course, of course. neil: and while you're here, i don't mean to joke out of nowhere, but twitter now is making some changes promising more changes in a few months, saying it will include focus on the duration of tweets. i have no idea what it means. >> twitter is better at

promoting and prime events. tv viewing like madmen, game of thrones or this show. neil: why did you mention this third? >> it's reverse-- >> the idea is to experience it through twitter. >> the fifa world cup, everyone was-- >> so to you twitter is not dead despite the ceo problems and everything else, what do you think? >> i think if they do leverage this event space it could be pretty big. no one uses facebook to talk about live tv events or live sporting events. everyone is going to twitter to do that. it's an important immediate why um-- media for guys like me. neil: cutting edge devices. thank you very much. a lot of catholics believe their pope is infallible, he cannot make a mistake, he speaks for the high and mighty. so when the pope comes out saying we've got to do

something about climate change and let's say you're an american ceo. choosing between your prophets and god. what do you do? what if the infallible pope is wrong? robert is willing to risk vengeance from above. here is a simple math problem. two trains leave st. louis for albuquerque at the same time. same cargo, same size, same power. which one arrives first? hint: it's not the one on the left. the speedy guy on the right is part of an intelligent system that creates the optimal trip profile for all trains on the line. and the one on the left? uh, looks like it'll be counting cows for awhile. so maybe the same things aren't quite the same. ge software. get connected. get insights. get optimized.

neil: would you pick a fight with the pope? my next guest is ready to that this. robert murray on the pope

putting out encyclical to the point saying climate change is real and better get on board addressing it. that it is leading to human poverty on a mass scale. robert, what do you think of that? >> neil, thank you for having me this afternoon. i've been a lifelong christian. 75 years. neil: methodist? >> methodist. now evangelical. neil: the pope is catholic. >> the pope is catholic. totally misguided on this subject. neil, there are seven billion people on this planet. one-half of them live in energy poverty. that means they don't have the electricity and india, for instance they don't have the electricity for one light bulb in a home, half of the homes. this pope to go out on a speculative subject such as global warming, he is condemning many more of these billions of people to energy poverty.

they want one light bulb. this global warming isn't even happening. he is a man of faith. i respect the catholic church. my apostolic creed has word catholic in it, even though i'm a protestant. so i respect the papacy. i respect the church. neil: but on this issue -- >> he is misguided. is totally wrong here. neil: a lot like the epa. a lot like this president saying look, we have got to do something. you were getting upset just proposals that were coming out of the epa to rein in use of coal, something we have abundance in country. something is your big business. you've been laying on people left and right because of it. >> yes, i have, because. people are not going to be able to pay their electric bills in the united united states of ame. neil: it is proposal and you're laying off people? >> i laid off people because the regulations are already in effect. neil: so you're saying new regulations -- >> he already has closed 58

gigawatts of coal-fired electricity. that is 411 coal-fired plants. neil: today, laid off almost 3,000 people a third of the workforce. >> yes. neil: based on what? >> based on the fact that the regulations from the obama administration, the u.s. epa and increase use of natural gas have eliminated our markets. if you don't have a mark connects you can't mine the coal. you can't sell it. this is heart rendering to me because i live in the coal areas. these people are my employees. they, this issue has a name on it. and this president, and the democrats that support him have in idea -- no idea what they're doing. for instance, michael bloomberg, former mayor of new york here, a liberal elitist, made his money off other people of wall street, gave $80 million to the sierra club to get rid of these jobs, to get rid of coal. that is a tragedy. these people just want to work in honor and dignity. neil: no doubt.

but the rap in their view, any of these above parties on the show, coal is dirty energy. it is cleaner than it used to be but it is still dirty and not worth time, expense or energy, play on words to find alternative. but your argument is, be careful what aou say, power as a lot of utilities and powers, hot tesla cars all the rage, right? you're saying be careful what you're condemning? >> coal costs, fired electricity costs 4 cents a kill water hour at the bus board. the wind and solar from the obama administration costs 22 cents a kilowatt an hour. gets a $24 subsidy from the taxpayer as well. we need low cost, affordable, reliable electricity. neil: coal is the -- >> it is. neil: saw the pope tomorrow, would you tell him that? >> i would tell the pope that you have been misguided, sir. and, as a christian, i care just

as much as you do about the poverty stricken people around the country. but your encyclical, your policy is going to condemn more of these people to poverty. what's happening in this country is we're seeing the u.s. epa put in charge of the availability, the reliability, and cost of electricity. bypassing the congress, the u.s. constitution, the law and the states and utility commissions of the states. we are seeing low-cost electricity destroyed here. now the pope has decided to join this president and others and he is totally misguided here in con em-- condemning billions of people in this world to abject poverty. neil: robert. thank you very much. i will pass that along to the vatican. we'll get back to you to see what they say. robert murray, who i guess will never be allowed to visit the

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enough to withstand a interest rate increase later in the year. big winners so far, want to highlight biggest winners going back on the nasdaq since the year 2000. monster, coffee thrown in there. tractor supply. gilead sciences. losers on the other end of it, we have siriusxm radio. these are just today's looks but these things, down like 100%. just way down in the last 15 years. anyway, checking markets more broadly. great day, up almost 200 points. neil is back with "coast to coast" in a moment.

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leaving you free to focus on what matters most. neil: a lot going on in washington today, not the least of which this trade deal they voted on approved today. that doesn't mean anything what happened in the house. what it means it goes back to the senate, they hope to have this wrapped up before the 4th of july holiday. you know washington. things don't move exactly at lightning pace. "the intelligence report" host trish regan is in washington, putting a kick to them here to get stuff done. very big names in the meantime. trish, what is the latest? trish: we'll be talking about free trade. what does it mean for jobs here at home. what does it mean for our economy? we have terrific representatives from congress as well as the senate who will discuss all of this. it was a little bit bizarre, i got to tell you, neil. in fact john boehner called it exactly that, bizarre. the fact that you didn't have democrats out there pushing for

the assistance program that had been originally thought. now of course this is going back, as you mentioned to the senate. the question can you get free trade through the senate now without the assistance attached as it original had been. it is interesting, everybody says washington is so political. we certainly know it is. this is an interesting case where you actually had the republicans coming to the president's defense in all of this. neil: it is bizarre, extremely bizsa you will have a big interview coming up, right? trish: yes. senator rand paul. i sat down with him just a couple hours ago. we talked all about his flat tax proposal. 14 1/2% he is proposing, neil, for individuals and for corporations. we spoke at length about how he believes this is going to grow the economy. we talked a little it with about defense. what he would do when it comes to fighting situation with isis. and, a lot of other stuff, including his thoughts on donald

trump and jeb bush. neil: wow, good stuff. terry, going to my next guest. trish. coming up after this. gerri willis is the next guest i was referring. gerri is picking apart the whole argument many are raising in government, particularly the irs we would be doing a better job if our budget was not constantly cut. you discovered they doth protest too much? >> maybe a little bit, mr. neil cavuto. first of all, john koskinen who runs the irs had this to say about budget cuts. we estimate the agency will lose through attrition about 1800 enforcement personnel during fiscal year 2015 that we won't replace. we anticipate the outcome will be fewer audits and resources focused on collection. we estimate as a result of these enforcement cuts, the government will lose at least 2 aboutdollars in revenue. that is the important number. $2 billion. i checked these numbers with a report from the treasury inspect general out just this week.

doesn't seem to be entirely accurate, neil. so, take a look at this. the two big collection operations in the irs, the 400 field offices and automated collections, their numbers, the amount of money coming into those offices, 100 million each, in each case. so 200 million is a lot of tax revenue compared to 2 billion what was predicted by mr. koskinen. i want to point out, it is kind of funny, these two operations, field offices, automated collections, reduced their personnel by 25, 28% respectively. i think we have found a way making irs more efficient, right? the numbers would seem to bear that out. neil: incredible. you notice, every time, gerri, a problem calamity comes up or snafu comes up because we don't have enough money. we need more money. amazing. >> one more fact i want to show you here. neil: please. >> remember that the federal tax revenue collections are on track for the biggest year ever,

regardless of what the irs has as a budget. federal government will take in $2.1 trillion. so where is the problem here, somebody explain? neil: yeah. not a lack of money coming in. maybe the way it is going out. gerri, thank you very much. gerri willis. >> thank you. neil: want to update you, you remember when it looked like we had a greek deal going? now we're hearing that is not the case. we're hearing from the european commission's valdez, no idea who he is, obviously a bigwig. we have no deal. there is no deal. if greece is letting you think we have a deal, we have no deal. it hasn't been hammering stocks. we had been up over 200 points. we're up 1893. the idea greece had a deal cobbling something together through the end of the year this guy is saying no. whatever you're hearing from germany it is no. what a mess. more after this. you total your brand new car.

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neil: now for regular viewers of the show now and then i will try to -- >> good, neil. neil: that's fine. often talk about my dad. this is not my dad. but he says, neil, stay humble. because in your case it will come in handy. his point was then, laugh at yourself and don't take it too seriously and along comes this guy marvin who i met when fox started almost 20 years ago. the guy always had everyone in stitches. and he is leaving. why are you leaving by the way? >> well, a lot of the people that i came here are dead now. they died laughing. no, no. neil: photos became public. all right. >> i'm leaving because, it was time, seriously. it was time. that's all. you have got to know, i will be

77. i know i look 30 but well, what? neil: not a day over 76. a lot of folks at home might not know marvin. say he is jack-of-all-trades. he has made our trade fun. this is marvin himelfarb. >> three, two, one, start here. honor having you. honor being here. might remember i was santa claus last week. >> don't give that away, marvin. >> one shameless plug after another. neil: i haven't mentioned my book yet. >> anybody have my celebrex? i think it will be viagra. where are you going to be? that's all i got to say. ♪ >> how would you describe me in one word? neil: opaque. word of the day. >> gregarious. jewish santa claus. shoutout to the cavuto family. left me a whole basket of

yodels. paying me a whole lot of money. >> we're not paying you money. >> i don't think you can describe marvin in one word. >> i will have use two. magnificently outrageous. >> loud. loud. >> cavuto, quiet. >> marvin, marvelous. >> mice nice, caring kind, inventive. >> one word used to describe marvin? marvin. >> i'm going to the bags room, that okay? i do that a lot. ♪ what the hell was this? ♪ >> what are you going to miss most about me? >> our morning chats. >> he was nobody. i made him what he is today. >> no, no. no, no, no. no, no. we're not hugging.

>> oh, please. >> his belly laugh and his soul. [laughing] >> he always has something nice to say. >> weather lady, what is the weather going to be like tomorrow. >> he has always been such a great mentor for especially young people. >> his office is something like from hoarders. always something positive to say. always laughing. >> i learned a lot. >> you didn't learn it. >> i think i will miss him at 8:35 in the morning, hanging out here, going through his newspapers, just like throwing out little comments to everyone that passes by. >> we'll make awe star. >> great. >> do you want to be star? >> marvin is always happy. alwayses have has a great story and in the elevator he makes you smile. >> where is the elevator? >> there are very few of that kind left here. i will miss him. >> quick, going to close. there it goes. going to kill you. >> i will miss marvin's beard. there really isn't another one

quite like that in the western hemisphere. >> this a documentary on my life? how often will we pause. >> marvelous, astute, real, vivacious, never quiet. >> marvin, i want you to leave now. ♪ good stuff. hats off to your people. they did a nice job. neil: when we do these kind of things, this is a backup obit in case -- >> you don't remember. i started here, my first assignment was the zipper that goes around the building and obituaries. first obituary i did i was so proud of. it was on sinatra. it was like, you know, obituary for 24 hours you can use everything. all the clips and everything. the son of a gun wouldn't die. i waited three years. when he died, oh great. neil: you know in all seriousness, i think shepard

smith hit it. always, always would make you smile. i think that says something. but you're always, you had some difficulties in life. but you just, forget it. you're always, always upbeat. always in your face. always just having fun. >> well, a part of that comes from roger. i know you sound like i'm kissing up but i mean, you know, neil. neil: great guy. funny. good sense of humor. >> he says, you know, negative people are like a cancer. and by the way, people, that you work with every day and you love them and they're talented and all, they, when they say how are you, they don't want to hear, well, i want to tell you. they want, fine, okay. why not? and by the way, i really, not faking it. i mean i really am, you can't fake that you will at time. neil: he lights up a room. he is a guy you want at your party. i'm telling you that. i'll tell you, we had a devil of a time getting imus saying something nice about him.

that is imus. connell. not a one. kidding about that. not a one, not a one with this gentleman. so i think that says something about him, or the fact the check cleared right before. marvin, we love you. keep visiting. keep coming back. >> i've been, i got a chance to interview famous people from all walks of life. neil: you're with me right now. >> yeah. from tommy lasorda to dr. debake. neil: me. >> to you. all about neil. neil: look at the time. all right, marvin, right now. he will be at chuckky's tonight. more after this. >> thanks, neil. [actor] when you work for yourself,taxes get complicated.

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and everything else and internet market collapsed. monster shares since debuting, pack at height of all of that, have fon up now more than -- gone up more than 50,000%. trish regan wasn't even born but i think she knows that what goes up can sometimes go even a lot further up. trish? jo yes. that is always a good thing. we like it when it goes up. president deserted by his own party and free trade bill gets to live another day but not thanks to democrats. hello, everyone, welcome to a special edition of "the intelligence report" live from capitol hill. this afternoon the house passing trade promotion authority sending verdict on trade back to the senate without any kind of assistance program for workers. so what does it mean for our economy? what us did it mean for mean for jobs here at home? will we see free trade pass in the senate? joining me with more