goods policy benefit will house. >> fantastic show. all right neil cavuto take it away. >> all right charles thank you very, very much. a lot of calmer today i want to show what was the scene on the floor of the new york stocks exchange yesterday at this time. this was yesterday. knowing they have camera crew. thank god for today a hectic 180. yep. live shot of the florida new york stocks exchange i'm telling you my friends this is what they call a media poll. all right now i don't know if we're just being unkind here, but if the whole argument was that they have to get become to business to get back to business, i don't know they're not -- they're not that in the crowd. nicole petallides where it is business as usual maybe she can update us a little bit more for another. nicole. >> i want to say oh, come on, neil. >> that was unfair. >> i can't see you through the crowds --

there you go. i got you. go ahead. >> neil, come on if you came down here, you would know that they're filled with traders there are probably 20 guys in there, and probably another 10 in here right now. >> tell them the shortage just came in. there's the -- hey. hey. >> we held on. >> no, okay so here's the deal, so yesterday we were halted for about three and a half hours. it seems that the focus was to be back up and running to the close. the open, and the close where they ohm those stocks and close stocks motion heavily traded times of the day where they make their money most important price point so they made sure that happened in the meantime consumers were worried, traders were worried. what happened was the cybersecurity, was it who knows what in the end it was a technical it shall they have a software upgrade and thankfully it was a good close and hope it up and hopefully it doesn't happen again. neil. >> great job nicole.

nicole petallides fox business, and of course comes on heel of the reports whether appetite for trading it fell worldwide. got all of the cross current -- and charlie why are we covering this gasparino? [laughter] >> not quite what i said. >> explain to our finance guys. that was the real treat for me. [laughter] but located to that in a second. money guy anthony just off the private jet from london joins us yesterday. anthony lloyd. >> my arm is tired. [laughter] >> all right guys back to business here, but i said and we were kidding about it yesterday, charlie, that this was a black eye to nysc and there are alternatives, and i know your view has been that those alternatives were there. for traders but an iconic symbol looked all of the more dinosauric. >> i think your analysis yesterday was rights on the money. there are 12 other places to

trade which people did. in those 12 places i think two of them are inside the new york stocks exchange other than o the floor traders. but what this did do and, i think, this is the problem that the new york stocks exchange had is that we now have taken back the curtain. an we see there's not much there, there that you know this is a business problem for the new york stocks exchange in the sense that it sells as it grand brand which it is. recognizable brand but what does it give the company that list on the exchain not much. and iconic symbol is really not that much different, and a computer computer called nasdaq. bottom line. >> you said business has gone back to business as usual but it was business as usual yesterday. that's -- >> yeah. definitely. so i think that you gave -- >> and you owe me dinner by the way. >> i ate dinner and booked it. right. i'm going to buy the ice cream

sunday. [laughter] but on this topic neil the thing that i'm superworried about is maybe it was a software glitch but there are a lot of coincidences yesterday and if you're in our business, and i think most vulnerable area of our business is the hedge fund industry itself. even the department of justice that came to solve. i think you saw john was there. talking about how the gateway into financial services community is through very lax hedge fund managers that are not superfocussed on cyber and cybersecurity. >> those they're doing great today. j wakeup call related to that many psmg i find odd guys that, you know there are coincidences happening but so many yesterday and to say that this was a -- that happened. i do wonder why midweek you try a big software upgrid and folks at fox try that on the weekends but be that as it may with the airline stuff, train an related stuff, you know, chinese market,

and computer issue an trading, if i'm a bad guy saying boy it doesn't take much. >> that's a good point, and it doesn't get -- you know, easier to screw them up. they're vulnerable, i think that was one of the stories, listen yesterday would have been a horrendous day if the new york stocks exchange said it was cyberterrorism that took them out other than a glitch. because it takes -- >> we cannily rule that out. and what did you think of that anthony you were joining us on the upon bus that was quickly ruled out. >> i'm going to accept them at the word that they didn't have cyberterrorism there but that doesn't mean that the threat doesn't exist, neil as i said to you guys, i went to israel two weeks ago. he made it to basically the israeli nsa, what they're saying is that the only way to stop this now is to go on the attack and attack the hacker. if we're going to wait for hack per to infiltrate our systems get in our system, and then we're going to try to figure out a way to get them out of the

system won't work anymore. so the next generation of hacker defense is to identify all of the bad guys out there, and eliminate the bad guys. before they show up at your door. i think this is going to be the next wave of this. >> i think rudy giuliani made a great point about the fact that the leadership of the new york stocks exchange you know, they were inept of doing this and didn't want to say anything. this they want have said anything they would have diminished themselves if they would have said -- as usual they would have been like -- you know, why do we need new york stocks exchange. but as a corporate citizen. i believe that corporations should first, serve their shareholders, but they are, they have a responsibility role. they could have came out and said what was going on, and what -- and average people were calling me up, saying like people i know, i can't trade my stocks what the hell is going on. people were doing that. >> that's the irony finding ways to trade. i have a question for you if you're taking a company public.

where would you put it new york stocks exchange? >> there's vulnerable to that. >> i would -- >> how about bats? >> the flash boy, he's got a change coming on. >> why do you need a listening? >> i think there's still status international status to that plant. >> quickly one seminole event on the day is that they did not change or -- dick last sew was urging and -- >> well the fcc said don't do it. >> they said it. well i'm sure in order for any regulated exchange to close following this, they would have to get approved from fcc and fcc -- >> telling them because in the past when one is down, world is down so we don't have it. interesting. >> i think regulators want this market the way it is. >> you hang in there we have another few hours for you to alienate. >> i didn't.

>> it is fine. >> it is fine. sun valley right now. so that's good for us here. >> probably would have been -- >> in a minute take you to the floor of the new york stocks exchange for developments on that. take a look on the floor and see that. let's take a look. [laughter] >> now, do i stand corrected now? >> just pointing over there. >> going out for lunch right now. >> and now i want to go to athens where things are a little bit more prophetic right now this was a deadline day ashley where they have to come up with some sort of attentive plan, fill me in. >> well i tell you what, neil, old saying if it wasn't xxiii for the last second nothing would get done. in europe nothing would get done. less than six hours the greek parliament with leaders to present a reform plan to the eu to get a much, much needed

bailout. they haven't done it yet at least we haven't had word that that plan is put in place so less than six hours, and counting, it is all very casual here in @aens people going about their business. there's a large crowd in front of the parolment building just tourists hanging out. you would never know anything ftion going on. there was a rally proeuropean rally supposed to begin in less than half an hour around us. but doesn't look luke too many people are showing up. flags but not a lot of people saying they're operating on if greek time and may get here later on. in the meantime banks are closed. people are worried about what's beginning to happen and whether greece, in fact, will senate eurozone but one last point we're giving an inkling that perhaps eu will get debt relief to greece that's a major stumbling block and give back to the eu, the kind of reforms they need? well who knows complok is ticking but sometimes, no one pays attention to the clock here, neil. >> no that's an understatement ashley on that point that would

mean aggregate owed by greece they would shave it a little bit. that has been the secret for getting other countries out of similar positions in the past. and everyone says that's what greece needs. but it would have to be a substantial leave wouldn't it? >> they would. i mean there's been talk of 30% germany has said we're not going to get 70 cents back on every dollar put into the bailout fund. wolf game german finance minister said they're getting involved in this. i have a deal. you can take greece, we'll take puerto rico how about that? [laughter] >> ashley good stuff as always. take puerto rico. ashley webster nothing personal left ashley out of our coverage in the lead block yesterday so i was only looking forward to american. no offense. made a brief appearance. >> looks like a greek national. >> exactly, exactly now we have lauren simonetti here. complete all of the this. now we've got separate developmentings on china, right, lauren, and you know they're

quazi. now let's show you what's going on in china we have somewhat of a recovery overnight, in fact, the biggest overnight jump in six years. the chinese market popping about 6% overnight. but you've got to remember two things number one-half of chinese companies right now, not listed on that exchange and number two, chinese government stepped in, and essentially said cutting from companies for six months. so that's what's going on in china not out of the woods yet. if you look at a one year chart it is down 28% in one month that is one month chart. it is up for the year, obviously. lots of u.s. stocks do huge business in china. most of us own apple right, 17% of apple's revenue most recently came from china. tim cooke has said on the word we expect that to be our biggest market pretty soon the chinese

aren't iphones what happens to apple? another chip half of its business annually in china. brod come a quarter and remember they're the biggest car market. gm a huge stock to watch. buick is a luxury in china watching ford, tesla struggling in china and some of the others as well. neil. >> thank you lauren simonetti we're getting word back to greek for a second that the greek authorities are told they will have a proposal submitted within next few hours. ashley pointed out doing greek time here they let things slide a little bit. but i do find a little odd that -- charlie gasparino and anthony, that german are the ones that were resistant to this idea, guys of, you know, turning debt owed but didn't jer is mans benefit from like major -- vets forgiveness but after world war ii and now about this? >> yeah, a good article on this

this week. they cut their debt in half. in half. the western nations gave that as a benefit to them. >> that doesn't include -- doesn't include the marshal plan and a infrastructure rebuild. what is at issue is here -- here's what i will say, they have a history behind them of destroying europe twice in the last century. and they want to figure out a way to heal europe and bring it together. >> trifecta. >> but they're superworried about letting these guys go and not coming over austerity bag because you have other nations ahead of you. >> comparing apples to orange os greece implosion has nothing to do with what germany did to itself. >> is greece here. >> they have that relief when they needed it. why aren't they -- >> not in the hip pocket of germany. >> here's the problem with forgiving their debt you do create moral hazard. you have to come up -- >> that is what germans comes a

point where italy and portugal and spain in a reverse order portugal, spain, italy. has to low that if you don't get your fiscal house in order you're going to suffer this consequence. >> living in greece will get out of the way without debt release? >> we have some but they have to pony up more. i will say this, you know, listen why did dick fold at lehman brothers think not sell at below the market of this stock when after bare sterns they bailed out -- >> got to be definitely. >> some. >> but just remember in the history of the world, you can't point to one fixed exchange mechanism that's stable and is lasted. you've got, 19 countries in a fixed mechanism we're con fuseesed because we're used to dollar covering all of our 50 states. >> that's not -- not going to hold in five years whether saying it will fracture.

>> in the meantime you know all of the cross current events and weirdness have people wondering about how cybersafe we are and soaring again today. how long will it go our way in this area? a lot of a folks want to know. again we're going to take to the corner a live shot of the new york stocks exchange, though, bring you up to date, well, well we've got -- family photo day. [laughter] >> there you go. >> i don't want my picture taken with nicole. >> we'll have more.

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everything that happened whether it be new york stocks exchange and united airlines, problem with the wall street journal website. nothing to do with hacking nothing to do with cybersecurity. all of these stocks are up today. so it is not necessarily if you talk to investor they say we don't believe these people but yesterday was a reminder even if that wasn't the case yesterday it could be the case today or next day. it is a threat. it will be a threat and has been a threat. so proved point down the list there the siren, fire two bottom ones now where protection companies they're all moving higher in today's trading and funny enough even at the new york stocks exchange today the opening bell pure funds created cybersecurity etf half those were the guys ringing opening bell today. how about that pretty good job by them. so still a big deal neil for cybersecurity. another group of stocks seeing well. consumer related names hitting all time high it is today foot locker disney and they're all

time highs in today's trading. >> all right. connell thank you very, very much. for this segment he'll be connell mcchain. keep with that thoom here. we're getting news of the puerto rico situation you know that sort of like the ram when it comes to debt awareness 73 billion in the rear and right now putting to the a debt plan that they hope will be received well by international officials there in washington what have you. but among things they're looking at is this sort of pile is altogether if you will and prepay on sustainable terms in other words to extend it out so that whatever debt they have and you do this one. refinance the home if you stretch out term and the length of the loan. they're also looking that will be repaid on terms that might produce lower rate. now, it ishearted to get much lower than what we have right now. keep in mind a lot of this puerto rican debt has been downgraded to virtual junk and when that happens price gets down, the yield goes up.

some of the these puerto rican benches and like are going for double digit rates, obviously, that is unaffordable for the puerto rican government to pay back. so what they're essentially saying can we stremp out terms can we do something to just get us over what could be a very, very long hump? no reaction yet from international lenders or for that matter washington officials. keeping an eye on it. also keeping an eye as connell was pointing out on this cyberissue and cyberstocks that are still all of the rage as they were yesterday when trading was halted and then on and off again certainly on new york stocks exchange these rshes are all very hot right now. and what they are to make of this cyberweakness follows this closely pl paul if you ever needed a reminder of how vulnerable we are even though these are all disconnected events, or between the united airlines, saying, and the stock and indication that we got out of china. their computer is handling heavy

volume. boy, you have no doubts now. everyone is cybermercy, aren't we? >> it begs question was this an example of a cascading failure or example of a penetration test and i find it fascinating and challenging what stock exchange is saying or -- what united airlines is saying. but i find it fascinating that they've already figured out that it wasn't a hack. the vast majority of breaches come internally not externally that's fascinating. >> in a lot of areas -- a fire where there's no smoke. but -- wufnght things that i tuned interesting is that a hack can originally evidence itself through a glitch. i think something about ald delete but the feeling that seems hacks are originally detected by glech, by something hiccupping in a computer system. explain. >> correct. but look at the macroside of

that is a point that we really need to address that is if you stuck to a budgetary issue, and we know that less than 10% of corporate budgets as it relates to i.t. are directed in marked for security. what we're seeing whether it was a fest or not but it was a blatant example of cheaper expenses if you're not going to have a anticrime platform with government this is going to continue to add but we saw yesterday jfs a blatant example of that. >> i said we've gotten this before. even if it is not bad guys they can take great encouragement from this. and say these guys -- are vulnerable. sam salivating and coming back to how overtly vulnerable we are and creating this ourselves getting it so important to recognize that. now on the other side of it, the positive less than american people get from this is that you can see redundancy are fallbacks

which is great. bit same token a matter of corporate cull cheer and handle this as karnt. are we going to have the leadership to create teared systems to identify tax early on or keep waiting till we get hit all of a sudden one daylights turn out. what are we going to do? >> paul good seeing you my friend. all right update you before on puerto rico and put together a plan it hopes will sort of stretch out its debt payment that doesn't want to own forgiveness but a way to sort of make ends meet. stretch this out, so like what would you do if you ever refinance a home mortgage? to try to make a payment more bearable. you're not running away from your debt but trying to draw out the pain so it is less of a pain. puerto rico governor on that crisis and this plan, after this.

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>> well a glitch, it was indeed a glitch. new york stocks exchange confirming that what happened yesterday and what triggered that four hour stoppage in trade at least over the conventional system was indeed a computer software upgrade glitch. apparently night before they rolling out a software for traitders early on in the morning they were discovering whacky things going on, and they ultimately halted trading. but the odd thing is that they did this midweek you would think thtd be a weengtd development. bottom line was they did not do that. for thely it is back to normal on a or flue of new york stocks exchange let's go there now. facts of the matter is and was even though it was halted on

trade itself there are dozen of exchanges to conduct trades that is why overall volume was not affected even though that the exchange itself on these old standard specialist system it was dramatically effected but a lot of those folks even when they're open orders were shut down they went to trade elsewhere, and that is really part of the problem in the embarrass the for the nysc that that was revealed for world to see. we told you about puerto rico trying to renegotiate to find a way around this 7 , 73 billion dollar debt issue, a lot of folks meeting in washington right now to come up with a way around that. that i come up with ways to extend term, lower rates you know the drill former governor puerto rico, and right now on this crisis. governor, what they are proposing familiar and any debt renegotiations we want to extend to turn keeps rate low or lower, the question is whether lend terse will agree. what do you think? >> well, i believe only o the one hand that lenders may agree

to it as long as strictly there are no hair cuts to the principle value but on top of that ting they'll require steps to be taken also by the governor of puerto rico. on top of that if i may overscore 17 different type of credits. so credit are protected by other it is that are not and actually don't have the same old security. >> so i know puerto rico governor has been speaking out similar status we afford states in this country. states, municipalities, to go ahead an declare bankruptcy and renegotiate debt and obligation, hillary clinton i believe is saying she's in favor of that. i've not heard from other republican candidates and maybe spoken to this. i don't know. what do you think of that because there's pressure in congress to do that most republicans are against that. so it is not going anywhere fast. but where do you think we're headed? >> well, governor bush actually

spoke in favor of this a few months back. of course, after last week's announcement by the governor of puerto rico it will restructure its debt. the whole discussion has changed dramatically, and i'm not sure ifen cans are there or not. but if you look at this outside the issues that we have before us in puerto rico today it makes sense that we treat creditor and debtors in the same way across the country that includes not just face but territory as well. again after last week's announcement that may not be in the cart. >> americans are looking at this governor and saying you know if this is a worldwide problem and greece is -- a lot like what's going on in puerto rico and puerto rico a lot like going on in greece they're lumping them at together saying no, no bailout, 2340 rescue, no haircut, no nothing. what do you think? >> i don't see a need for my bailout and i believe that

american people are rightfully so bailout half bailout, having said that, however, given the different credits that are actually before the negotiators right now, i believe there will be some accumulation with some of those credits, with others especially those that are protected by the constitution, i don't see much of a wiggle space. >> governor real quickly why don't they just fire government workers, i mean, much of the problem seems to stem from too many people working for the government too many getting too much from the government. >> well, during's my tenure i have 10% that included significant government -- employee being laid off collecting bargaining rights and other things and back to result of practice after that. >> that was then. see what happens now. good seeing you governor. like wise. >> you know what happened yesterday is we have a lot of cook from the kitchen and in greece, more cooks in the

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rescuing one bad -- financial -- >> we have to commit even more. this economy is rocking steady. >> ridiculous. ridiculous. i think i had a better toupee myself back then. what i was saying then and rallying under president with the bailout bank my point as it was then is now and do now. what you do bailout a group, then others expect that and quite frankly so. so from banks we went to autocompanies we went to kids and college loans and mornings because it is only natural. only expensive. i'm going to fast forward to today. what we see going on in china and greece is again another push on a part of government for either bailouts or outright rescue in the case that china even intervening in markets that is not different from our own experience in the united states with a government done a great deal to our federal reserve to prop up those markets either by buying a lot of treasury notes

and bonds not too long ago or keeping rates unreal realistically low. but the danger of the government in that role and propping up the market and interfering in what is quite really stick and and should be the world of winners and losers. maybe i sound craft and callused trust me i'm not. but steve moore and a editor, best selling author. my only point is again what it is now. is that government will only make things worse. making things divorce in china. i think it is complicating this debate in grogs and here we go. >> i love that moment where you said ridiculous that is so true. if you think about what has happened not only in the united states but around the world, neil in terms of the response to the great recession almost all of the moves have been expanding the size of government more dependency more debt, an now that the world is --

saturated in government debt right now,ing and it is a scary situation. by the way, i'm in las vegas right now. in one hour with your good friend fall on a capitalism, right now because we're seeing the collapse of socialist in greece in venezuela collapse of socialtism in puerto rico and connecticut all over world that model is failing, and you know when you talk about government being the solution it is like asking ailing phone to head up ab anticrime commission. >> anti-italian thing there? fine, those that advocate more government my daughter is one of them. that's fine. my only point in saying this is if that's the way you want to go you have to have more people paying more taxes and higher taxes not half of the people. but it is beginning to cost you less and you have to keep track

of the math on this and a obligation that cools with that. once you do say that you're going to foot the bill for this and obligate yourself for all of these obligations then you're going to have a lot of unfunded obligations if you don't keep up with financing and that is greece so many states in this country. that is our federal government now. we've made promises that we with simply can't pay for it. >> now welcome look you mentioned china that is a big part of this equation much more important than grecian and china stock market has toppled over last several weeks so what is china talking about doing? a qe easing. talking about government spending surplus and there's knob learning lessons of what's happening last seven or eight years we did that in the united states and one, two, three, four spent time on fiscal plan and we have the weakest recovery in the country back to the great depression that didn't work. how long does it take for countries to learn this lesson.

grues is a good example. greece i mentioned this the other day on the show but worth repeating. half of young people are not working, and people two-thirds of people are retiring before the age of 61 who's working? who is pulling the wagon? >> that is exactly it. you know it is not sustainable. so we have to decide as a nation as a world which way we want to go with this. the big government world that you want you're going to have to pay for it. >> who is ultimately going to pay bills somebody has to pay bills. >> comes to all of us. and the notion that you tax of rich you take 100% of the money it qoangt foot the bill that is when they start spreading the cheat. okay, ridiculous. >> on the improvement of getting my love. it should be fun. that's a pay-per-view normally. in the meenl time, the democrats are having field day with donald trump in the race they started calling ad campaign retrumplican

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>> at the top of the hour hearing from john c rei he's going to give us an update on talks of iran they've been drags on and on and keep pushing back the deadline we're told. they're close to something but administration we're told is willing to step away from talks that doesn't look like iranians budge on section or how much of that -- assets that they want to get their hands own they're going to be free to get their hands on. iranians wants to sign on to the deal to get money. we have a chicken egg and approach with this that say you do this, you do this blah blah. john kerry will say something at the top of the hour. in the meenl time we have donald trump on the republican circuit and depending on poll he's

popular. democrats they love that. they think this is easy to say that, you know, the republican party is turning into l retrumplican party. tough to get my lips around here. you know emily says that is what's going on here and says that republicans rule the day he bill a candidate saying that is just not the kaition. you have to come up with something different that sounds stiewpgd. but trying to say donald trump is the republican party. was he's polling pretty high in the first debate when he comes out they'll bring top ten con tepidders he'll be in there. comments are so offense five to so many americans but even ahead of the republican party has called him to say please back off.

many of his policies aren't out of line where the mainstream is. rnc did a big internal look and look at themselves and say what do we need? one of the great big things is to reach out to hispanics. i don't know that we can say that trump is helping with that. >> you don't know. i wonder if you're going to quote those or maybe controversial within parties, i mean, alan grayson i don't see any democrat rallying saying heelings an example he's our guy. he speaks for us. right? >> i'll tell you -- >> i don't think people are saying he does. >> okay, all right. go ahead. >> so neil this is silliness and silly politics in part of the democrats. look, donald trump is speaking a lot of truth and problem is that establishment isn't used to hearing truths. but you know that grassroots across the country are reacting to it very, very positively. so this notion about being retrump republics --

>> the fear from republicans >> whether you like it or nots he's gotten oxygen in the room that it is not the kind of oxygen republicans want him to have or the message he wants to send. >> this notion that we're scaring off immigrants or ethnic is ludicrous. what we need to do with the republicans need to do is a party. is talk about economic policies that will rise everyone up just like ronald reagan did. this is administration and these democrats have added $8 trillion in debt. they have damaged our economy. black and minorities are suffering the most under this economy. so this notion that the sidetracking trump you qish he would go down that way. but doesn't get away from the fact of the debt and issues that have hurt, poor, rich alike and minority of all sorts as well as minority of americans is real? >> sure, i think that easiest

thing to talk about when we talk about hispanic community and minority communities is to talk about this inflammatory language that donald trump did that is incredibly inflammatory. >> it is true. not inflammatory. >> okay. well -- >> it is absurd not inflammatory to say that illegals who commit murder, rape and kidnapping should not be in our country there's nothing inflammatory about that. he's speaking truth. >> i'll watch very closely too early to tell whether this is hurting anyone in the party at this time with minority who is knows. but way, way early in the game. i want to thank you both. mike huckabee has been commenting on this actually to both of these guys points as feel it has become an issue. he will be talking to us later the difference with donald trump on the way he's portrayed quoting from a governor huckabee, i'm for a reasonable approach to immigration all but saying donald trump is not. much more after this. [ male announcer ] legalzoom has helped start over 1 million businesses.

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see car insurance in a whole new light. liberty mutual insurance. >> all right real quickly on the corner of the stocks exchange open for business up 116 points and a activity that we so missed at this time has returned if we can take a peek on the floor right now you'll be happy to know these busy bees are busier than ever. a live shot that is not a photograph by the way. you can see video of people moving. you can see people moving. whoa. in the meantime, we've got mike warren of the weekly standard a, very gifted at following the political machinations back and we were chatting about the role of one joe biden, vice president, that's a big deal, but he's not in this race. a lot of people say it's hillary clinton's race that's really the race. but what's to stop biden from saying, hey, why not me?

>> he's not in the race yet. he's got to be looking at the field right now. bernie sanders is getting what over 30% and some of these early state polls and he's got to be thinking thrg an opening i'm the vice president. >>s that a passion on the far left of the party that how does biden factor in where he stands? >> if he is runnelling? >> first you correct that sanders support is coming from the left but it is also i think showing a as a as a rule as a re vulnerability and a second try from 2008. i don't know if he's electable but nominatable. who are they looking for just note a hillary? >> there's something to that. i think there's something that. i think they're looking for some kind of passion, somebody who actually believes in these things, and there's a feeling

that maybe hillary clinton doesn't, that this is all transactional. i think this is where biden comes in. think about what is one of the most, sort of invigorating issues for democrats today, it's gay marriage. joe biden was ahead of not just the president, but hillary clinton as well. neil: you're right, that's true. i forgot about that. >> it was seen as a gaffe, but i think in many ways he has some catch -- cache. neil: i always get back to money, money, money, being the nerd i am, she's got so much money. i know a lot of money comes with the job of vice president, but is it too late? >> he is a popular politician within the democratic party. i don't think she's completely secured all the democratic money or infrastructure. i imagine there are some obama folks out there who aren't too keen on supporting hillary in 2016 and might say, look, if there's somebody viable, not bernie sanders, not martin o'malley or jim webb, but

somebody we can informs in on these -- invest in on these liberal issues, maybe joe biden's the one. neil: do you think he'll jump in? >> maybe. [laughter] sure, absolutely, he is jumping in. neil: michael warren of the weekly standard, we shall see. when we come back, we've got mike huckabee and the latest on those greek proposals to get out of their own debt. ♪ ♪

neil: all right. welcome, everybody. we are waiting to hear from secretary of state john kerry on those stalled again talks with iran that's coming up at the top of the hour, shortly thereafter. i've got an embargoed copy of his remarks. [laughter] and i'm not going to share them with you. you're just going to have to wait. all right. we've also got stock volatility going on at the corner of wall and broad. not. take a look at the floor of the new york stock exchange. thisdoes this look very volatilo you? no.

but thank god, it's business as usual. do we have yesterday at this time to show you how different it was yesterday at this time? actually, it was busier, because there were more crews, television crews. liz claman will get into that in a minute with us. in the meantime, we're up about 126.5 points. jared levy, there's confusion but most people who are long this market, plus signs are better than minus signs. where do we stand today? >> what happened yesterday, i believe it was sort of an anomaly, you know? looking at the bigger picture, you don't really have much to brag about this year. with today's rally we'll be about flat, right? the dow and the s&p, i think the dow is up a little bit and the s&p's down a little bit. here's something interesting to consider. the s&p, um, if you look back a year, earnings are expected to be 6.7% less this quarter, and yet the s&p is still up 9.5%

over the last year. so i guess what i'm saying is america's still not bad. it's not great, but as an investor, this is not a time to be panicking, freaking out. maybe some stocks, but the market as a whole, things are relatively stable. i do see a correction coming, but it's going to be in the era of another 5-7% maybe but a quick recovery. neil: that's what they said in china three weeks ago, and here we are 30% down later. i don't know that we freak out enough. i'm not saying everyone should be barney fife here, but i do wonder why as soon as there's a little trouble, you know, cooler heads do prevail, to your point, but maybe too much so. what do you think? >> it's difficult, it's a difficult point, neil, you know? and it's a conundrum i face every day as a trader, because i believe the stock market is grossly overvalued. i think it's insane, right? i look at valuation, i look at companies basically making less money, you know, the only way they're making their earnings

look better is by buying back stocks, so there's a house of cards stuff going on, but here's why cooler heads prevail. [laughter] here's why cooler heads prevail, because we need consistency. there is a belief, it's ingrained in us from a very young age, we buy stocks, quality companyings. these stocks that we buy employ millions of americans to keep us going and, frankly, people around the world. so at the end of the day, as long as the company's not doing something grossly illegal or stupid, you own the stock. china's markets are crazy. the government steps in and buys stocks, they shut down trading -- neil: well, you're right. >> they force -- yeah, it's a crazy thing there. neil: and we just manufacture at low interest rates -- [laughter] buy a lot of treasury notes and bonds. thank you very much, jared. it's always good having you. again, dow trading has resumed on the new york stock exchange today, but it was a little crazy yesterday. so crazy that rudy giuliani was really ripping the nyse for how

it was handling the whole thing. this is rudy from yesterday. what do you make of all of this? >> they haven't, unfortunately, thought out crisis management. even in the most basic level of crisis management which is you have to have thought out who's your speaker, who's your public face, who is going to explain how much you know, how much you can give away. neil: craig smith, that's what you were saying, right? the communication is key, and on that key point they failed. what do you make of that? >> absolutely. the mayor was correct, neil. e mean, look at the nyse. they were negligent and cryptic at best and maybe even deceptive at worst. neil: what if they didn't know, as they didn't, they didn't know -- >> well, no, no. neil: being cautious, what do you think? >> no, that's not true, neil, because look, fox business news -- which, by the way, i spent five hours yesterday in a car listening to fbn, no commercial breaks, the best coverage on this that i've ever seen before. neil: you are now a permanent

guest. in fact, you are now my co-anchor. >> listen to me. neil: please keep talking. >> the italian trinity, grasso, cavuto, giuliani, brought more confidence to this market than farley and sprecher did at the nyse. they knew early on, if you look at nicole petallides' report on daze asman's report program later, he admitted he knew it was a configuration error, they weren't communicating properly with their customers and, therefore, they stopped trading. neil: believe me, i'm with you on the communication, then say that. but they didn't say anything. >> neil, i'm with ya. but go back to nicole eat report when he interviewed him. it was like a little schoolboy being, well, gosh, maybe i didn't respond. this man is president of the nyse. it's been there since 1729, one of the -- neil: well, he's not been there since 1792.

>> well, gosh, it looks like he's been there 17.92 minutes, more pete sakes. there's no doubt that yesterday -- look, the markets functioned. cm sexer, you had -- cme, you had teddy weisberg saying, hey, we're still trading, everything's fine. but the mayor is absolutely correct. they should have got out front of this problem, say, look, we've got an internal program, we're on top of it. what happens, neil? next thing you know, exactly what you guys reported. they had the conspiratorialists come up, maybe it's a cyber attack, maybe it's the red chinese army, maybe it's anonymous, they sent out a thing the other night. and little did we know, and you can say that i'm kissing up, but i'm not, neil. i was in a car for five hours, and let me tell you something, fox business news did a service to the investment world that everybody should pay close attention to, because you guys didn't hype it, you gave the facts as you knew them, you gave

all the possibilities, and i think that's what investors needed to stay calm yesterday. neil: oh, get out. no, it's very good. >> it's true! neil: seriously, my friend, i appreciate that and especially the kind words. >> i listened to it for five hours. it's true. neil: you do have to get out more. i love this network, but you really do have to get out. craig, thank you very much. good seeing you again. one of those who was keeping that flag going and went right to the belly of the beast, so to speak, our liz claman on the symbolism in all of this. i heard you, caught you on bret baier's show last night, the fact that this is a symbolic and iconic place, and it was shut down. >> well, charlie gasparino made very valid points that trading dud go on. when we got down there, you had every network, every live truck choking the area. people showed up, why? because psychologically that is a point that does matter on the planet when it comes to people's money.

neil, again, you go back to the 1700s, as craig aptly pointed out. this matters. this is place of capitalism. it may not be where all the action is anymore, but there is action. and i stick up for those traders who have been doing yeoman's work as the open outcry -- neil: how many are left, what have we got? >> 38, a couple hundred. neil: didn't it also hasten its own demise? didn't the world look at this and say, well, i guess trading went on without these guys, so maybe they're not a big deal? >> i did have one trader who said it's almost as if the ice and the aforementioned jeff sprecher, it's almost like they wanted something to happen to prove we're not needed but a perhaps there's nothing more than they would like than to get these guys out. neil: oh, that's interesting. >> yep. a trader said that to me -- neil: to force the issue. >> just last week the cme pretty much got rid of most of the open outcry. craig said they didn't get out there and out front. oh, they did, to one business network and not anybody else.

they went to the one that rents the most space, and that's cnbc. but to me, when you are a place where everybody trades -- and last i checked we're the same family here at news corporation and 21st century fox as "the wall street journal," market watch, dow jones news wires, barron's, and your turn your -- you turn your back on us? video venezuela was probably there too. [laughter] we had everybody showing up. neil: then i'm ticked. inexcusable. >> they blew us off, but eventually spoke to us hours later. neil: i thought that's -- >> the martha's vineyard gazette. neil: very good job, good reporting. you were everywhere yesterday, and we appreciate that. we are getting word from the white house on what is in this agreement or lack thereof, no agreement. we're waiting to hear from the secretary of state, kerry, on this issue. he will be giving us an update, but the bottom line is they are still carrying on. we'll keep an eye on that. in the meantime, we will be going to greece.

will we go to ashley right now, guys? sure, what the heck. to ashley webster live in athens with the very latest. they're cobbling together some sort of a deal or some sort of extension on this. what do we know? >> >> you're absolutely right, neil. by the way, i'm two days away from greek citizenship, so the tan and everything, i'm ready to to go. [laughter] neil: all right, that is a new york stock exchange-sponsored feed we get from -- [laughter] didn't quite go well. we are getting news also out of the kansas fed president, he is making some curious remarks on this economy, and i know what they are because i have them right here. [laughter] i can't share them with you now, but i will very shortly. stick around. can a business have a mind?

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neil: all right. a couple of breaking news developments. we're going to be monitoring secretary of state kerry in vienna when he speaks, but we are told -- and i can share this now -- they don't have a deal, they're not near a deal. whether they push the deadline even further, anyone's guess. of you are generals importance to you are -- urgent importance to you are comments by the kansas city fed bernanke president, esther george, on this inflation on the federal reserve, indicating it would be wise for the fed to start pushing interest rates up sooner rather than later. in a speech in oklahoma, say that is the recent progress we've seen on jobs and the economy -- quoting here -- we would be wise to act modestly but act now. in other words, to go ahead and raise interest rates right now. as you know, this comes on the heels of the imf and other international folks saying, you know, with everything going on in the world, we don't think now is the time for you to go

willy-nilly raising interest rates. i should stress that the kansas city bank fed president does not speak for the minority, not even close, even though a voting member. hawks are not in anywhere close to that majority. although comes at a time when most respect the federal reserve is poised to raise interest rates later year. maybe given all these other developments, it isn't going to happen. in the meantime, another thing we're keeping a close eye on is all this irs targeting that's going on and whether we will ever see any irs official held accountable. darrell issa will be talking to that very, very soon. ahead of that, gerri willis, who's been digging into this. it gets curiouser and curiouser. >> no kidding. lots of documents coming from a foia request by judicial watch. here's what we found out, it wasn't just the irs, it was the department of justice, it was the fbi saying, well, okay, we can deny 501(c)(3) status, but why don't we prosecute them criminally under the federal

elections law. there were conversations like this going on. and also this, another thing we found, irs returns from all 113,000 of these 501(c)(3) groups across the country -- neil: 501(c)(3) groups get this tax exemption, right? >> it's a tax exemption. neil: and they usually put you through the wringer is anyway, the argument is, to get that. the argument here was that conservatives were disproportionately targeted, right? >> targeted and denied 501(c)(3), denied tax-exempt status. they couldn't get it. they filed, they waited for weeks, months, never heard anything back. on and on it went, and now come to find out that their tax forms were sent directly to the fbi, directly to the fbi. they were not notified. i thought, wow, i didn't even think you could do this, is this legal, so i spoke to jason chaffetz, the chairman of the committee of oversight and government reform. here's what he had to say. >> it is potentially a violation of the law.

it certainly is of the spirit of what we're supposed to be doing, because you're not supposed to willy-nilly be able to share taxpayer information on a fishing trip without specific allegations. normally, you'd have to issue a subpoena to get this information, but lois lerner had a political agenda. >> so i talked to him more about this and said, look, how is anybody going to get a fair trial or a fair hearing, or are we going to have an investigation that makes sense unless we have a special prosecutor of some sort come in? look, the department of justice is in the can for this, the fbi is in the can. they're inside this group of people who want to hush conservative groups. and he said, look, i'm not going to lead that charge, but if somebody else brings us -- brings it up, i'll get behind it. neil: that would be darrell issa. but i do want to take you to vienna, secretary of state john kerry, if we can dip in a little bit. apparently no agreement has been reached with iran, but they seem to be extending talks.

>> we will not rush, and we will not be rushed, and we won't let ourselves be rushed through any aspect of this. all that we are focused on is the quality of the agreement, and that is what will continue to define our work. if in the end we are able to reach a deal, it has to be one that can withstand the test of time. it's not a test of a matter of days or weeks or months, it's a test for decades. that's our goal here. and the simple fact is that despite all of the progress that we have made -- and it's real -- some of the tough issues remain unresolved. we know that difficult decisions don't become easier over time, and one way or the other those decisions must be taken very soon. that is precisely why all of our

delegations remain hard at work here in vienna, and it's why a number of my counterparts returned last night and are here now so that we can continue to push through on the tough issues and, ultimately, see whether or not the good deal that we have been working for so hard is possible to achieve. that's what we're working on, and that's what we'll continue to work on. thank you all very much. >> but how long are you -- neil: all right. john kerry indicating that the deal, they're still working on it, they're not done yet, but apparently they've extended the deadline to try to work on it, so they're getting a little closer. some of the dividing issues have been money up front, iranian want all of their assets unfrozen right away. we're sort of bleeding that out with a carrot and stick approach. you do this, you'll get more money. so that's a key issue, certainly, for the iranians. we're not having any of it, we're told. we also want concessions on

access to all nuclear stockpiles throughout the country. the iranians are saying, no, you can go here, you can go here, but with the sham we have with north korea under both republican and democratic administrations dealing with the nuclear agreement with that country, that just was a mockery. they're trying to avoid that. bottom line, they're not close. they say they're getting closer, but who am i to judge? maybe this guy knows, congressman darrell issa, the fine state of california. we want to get on the irs targeting, congressman, but on these talks and on and on and on we go, what do you make of all of this? >> you know, it's beginning to look like the end of the korean conflict where one side would saw off the chair legs so the other side would be lower the next day. ultimately, months ago a simple and overwhelming view of congress was better no deal than a bad deal. so i think keeping the parties

at the table if it means a good deal, of course. the question really is, are the fundamental underpinnings of we'll let you have all the weapons of war, we just won't let you do the final assembly, is that a good deal, and that remains to be seen with the final agreement. neil: you do have to wonder though, congressman, we're getting another bulletin from reuters that u.s. authorities, apparently over the july 4th weekend, thwarted plots to kill people in the united states. this was, again, around the july 4th holiday. but it would come just on the heels of this whole iranian situation where people are very terror conscious, very suspicious. a lot of these terror to activities invariably, we are told, lead to iran. are we talking to the wrong guys? >> well, i think we're talking to the wrong guys in the sense that iran has been a rogue state, the terrorist sponsor -- a terrorist sponsor since 1979.

i'm one who never objects to talk, i object to making concessions that will simply embolden and empower a rogue nation. neil: well, i guess what they're saying -- to be clear, and it's my fault for not being more clear, that this attack that was planned apparently by isis is something that the fbi director comey had cited, and yet part of what we hear about isis is a lot of its funding or a lot of its indirect, not direct support, comes from iran. further worry? should this even be coming up in our talks? what? >> well, look, iran is funding hezbollah which is in the field both in lebanon and syria, and they're choosing who they fight and who they support. they support bashar assad and his regime. ultimately, isis is a terrorist threat. quite frankly, hezbollah's a terrorist threat. they -- one is newer, one is older, one is shia, one is sunni. but both are wrong, and we need to make sure that we work with

whoever we can to, if you will, control those threats. in the case of iran, they empower hezbollah and hamas and other terrorist groups. we need to get them to stop doing it. it's not on the table in vienna, it is something that eventually has to be dealt with one way or the other, and i think that's where what's going on in vienna will certainly support the discussion, but it's not nearly comprehensive enough to eliminate nuclear weapons from iran. it's also not comprehensive enough to dissuade iran from being a state sponsor of terrorism. neil: real quickly on the agreement we had to talk about, i appreciate your talking about this one, breaking news, now so many other agencies that might have been working in concert with the irs the target these conservative groups. any luck in getting any one anywhere to talk? is. >> well, it's interesting that you would say that. during my tenure as chairman of the committee, we discovered the transfer of those records from

lois lerner to department of justice. department of justice, at that time, told us, oh, we didn't do anything with them, we returned them. it now appears through the foia discovery that, in fact, they were disingenuous, that more was going on, more debate and the possibility that lois lerner -- somebody who had abused her authority at the federal elections commission before she went to the irs -- was really more successful in getting the department of justice and the fbi to at least cross some lines of looking at going after nonprofits based on their ideology. neil: all right, congressman, thank you very, very much. we appreciate you taking the time. again, if you just tuned in, we're getting indications from fbi director james comey there were, in fact, a number of elements trying to disrupt our july 4th holiday, including ten -cald is recits o we rest forryinto iite olen. don knowher we n't kn whowe d't kextly what the scheme was, just that ten arrests were made.

we'll have more after this. ♪ ♪

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neil: all right. i wish i could give awe reason why our gains are have been essentially halved in the last ten minutes. i don't have any for you just to say we were up 89, when eight minutes ago we were up 169. again it has been all over the map. might be a breakdown in these talks. i highly doubt that. that is only other news i can see transpired from the time you herd from john kerry in vienna. they're not close to a deal but closer to a deal, talking about negotiations with iran on nuclear stockpiles. get a read for former defense undersecretary greg fife.

worried if we get a deal and not quite rushing to it. what do you make of what we know so far that we don't have a deal? >> seems the administration is so eagan get to get a deal that the iranians are pushing harder and harder and -- neil: how do we know that? how do we know that? they were really quick to rush a deal, they would rush a bad one, right? they're obviously not. >> i think the iranians are confident they will get a deal in any event and they want to be as sufficient as they can and administration is finding it harder and harder to make a deal that allows them to save face. neil: i follow the money because i'm the resident nerd here. they want all the frozen assets unfrozen with the commitment to deal, right away, all of it, 50, 60 billion, whatever it is an that we are balking on that. do you know anything else? >> i think the main thing they're interested in is the money. neil: right, right.

>> the main thing is the lifts of sanctions but they also have, it's a very idealogical regime and they have enormous pride and ideology, idealogical hostility to the united states tied up in this and they want to humiliate the administration. they have been going out of their way with statements from the supreme leader and negative torts are negotiators essentially insulting to secretary kerry and president obama and that is important to them too. i don't think they want to lose the deal but want to maximize the humiliation to the united states and rejecting all kinds of promises the president has said that, you know, that we're going to get certain things and iranians make sure they deny us those things like inspection rights. neil: the other thing that happens, sometimes, it is either coincidence or just weird or just another reminder we shouldn't trust iranians to your point, doug, that is this new report out of fbi director

comey, over the last four weeks they arrested 10 individuals, potentially with isis links that want toddies rapt, who want toddies rapt our july 4th holiday. we. we don't know what they want to disrupt. iranian money and iranian support funnels its way there. you think that would be reason enough to go slow here. what do you make of all this? >> i don't know whether the iranians are specifically supportings those isis people but it is, noteworthy, extraordinary that the iranian support both shiite groups and sunni groups that are anti-shiite. they support hezbollah which is a shiite group and they support hamas which is anti-shiite sunni group yet they get substantial support from iran. so the iranians are big in supporting various terrorist groups across the idealogical spectrum within the world of islam. neil: wow.

doug, thank you very much. we'll see as these talks go on and on and on. hard to know what's going on but this much is certain, they don't have a deal. also on the greek drama with insights with the drama going on yesterday with the shutdown of the exchange and china situation. there is talk of about forgiving a lot of their debt. what if i told you a lot of that is coming from the white house? we're exerting our influence in the imf and elsewhere saying don't be so hard on the greeks? what do you think of that? after this.

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neil: i want to take you to athens, greece, if we can right now. this is live, michael? this is live shot. this a pro-euro protest going underway in athens at this time. pro-euro, which would be the opposite, if you think about it, from the referendum that essentially nixed a lot of the tough provisions and calls on the part of the european lenders to greece, not directly so, but again, this is, a case, greeks who want to stay in the euro. now whether they share the

sentiment of those who voted overwhelmingly against the measures that europe was imposing on them to stay in that euro i have no way of knowing here but it shows that at least these greeks gathering in athens would prefer to stay in the euro but that is lot easier said than done. the government has to make concessions. the white house is kind of hinted some involvement here, showing great sympathy for the greek people. maybe some haircuts are in order. that is me paraphrasing their remarks and hinting what that sentiment might be. in other words some loan forgiveness here. germany has enjoyed loan forgiveness in the past. half of its debts were wiped away by lenders after world war ii. former obama state department official joins us right now. david, what are you to make of this that we are kind of inserting ourselves in this, and for good reason? we're card-carrying members of the imf and big ones at that but we seem to be intimating that the greeks should be given a

break here. what do you make of that? >> well the president is putting pressure on both sides. the e.u. led by germany and greece, to try to work out a deal. certainly it is in u.s. interests for a deal to be worked out. however the u.s. has not really offered anything yet. i think the president sees this rightly as a european issue, for now. however, if a deal is not worked out and greece gets pushed out of the e.u., this could then become a u.s. problem. you can imagine that greece's economy will be in complete downfall. they will need a lot of help. the economy will be in chaos. unlikely at that point that the e.u. will do that much since it pushed greece out. the u.s. with its capability, when its financial standing could probably step in, and help. certainly with the humanitarian situation. neil: i see what you're saying. obviously the selling point here would be, pay a little bit now

or pay a lot more later. you know, got a chance of getting some much your money back under a plan like this than you would none much your money. that is an idea behind renegotiating debt where you either cut the terms on the debt, the interest rate on the debt, the time period which you have to pay back the debt or the debt it settle. you cut back a lot of it. germany a big beneficiary of that after world war ii after the allied countries cut 1/3 to half that debt. do you think we'll do something like that here and would that alleviate things for these protesting greeks? >> certainly i think that is under consideration. the e.u. needs to do some of that, but the e.u. is right to stand on principle and insist greece make some compromises with respect to the austerity measures the e.u. wants in place. they're appropriate given that the greek economy has not been working. they need to get rid of some of these tax incentives. they certainly -- neil: something has to happen

first, right? the argument on part of the lenders is that the lendee ain't doing that. >> exactly. greece needs to make changes and the e.u. is right to insist upon those changes in exchange for making some of the compromises you mentioned like debt relief. there are other countries in the e.u. that could end up in this position and so the e.u. has to stand firm to make sure that those countries also are making right decisions about their economy and about being very, very careful about not ending up where greece is. neil: david, thank you very much. we'll see what happens. it is still early in the game to david's point. this is the pro and con group playing out on live tv. we'll have more after this.

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the market there actually had the biggest one-day gain in over six years. japan, hong kong, singapore. shanghai composite, chinese market was up almost 6% in today's trading. 1400 chinese companies have halted trading so, a little bit of everything. "cavuto: coast to coast" back in a moment.

neil: republican party back and

forth do you want donald trump to be the voice of the party? media is fixate on him. we were doing a study. last week alone he has gotten over 70% of the media coverage on these republican candidates. one thing to be popular in the polls but obviously that is even disproportionate with that. wonder how mike huckabee thinks that of that, former presidential candidate and governor of arkansas. joining us from little rock. governor, does that bother you on any level that donald trump is sucking all the oxygen out of the political room. >> not as long as you show me a little love, neil, keep me on. bring me back every day for next several weeks. it is part of the process. i've been through this before. some candidates are going to, you know emerge with a lot of publicity. and then somebody else will get, you know, the attention for a while. it is all part of this long and sometimes painful process we call the presidential primary. neil: but i do wonder, governor, whether the media's trying, for

good or ill, usually when it comes to the media for ill, to paint all the candidates with the same brush especially comes to his view of mexicans and immigrants? i doubt very much donald trump is racist but that is how he has been portrayed. you wanted to distinguish yourself not too long ago, i'm for a reasonable approach to immigration. all but saying the kind of things he was saying were not. on this approach of immigration and how you stand and might differentiate yourself from him but from others in the field, how would you describe it? >> i think that, for many of us, this is a matter of making sure we separate legal immigrants from illegal. focusing on the fact that there are, most people coming to this country, because they want the opportunities that america affords. that is a compliment to america. it is an affirmation of who we are. it is a testament to america being that land where people look forward to getting to so that they can live a better life. that's, that's what makes

america attractive to people. we should never apologize for that. but the fact that we have not secured our own border, something i have pledged in my first year as president to do, and if that sounds a little audacious, neil, 73 years ago, we built a road, 1700 miles worth of road between british columbia and alaska, and did it in less than a year. that was with the engineering technology of 73 years ago under the adverse conditions of the arctic north. i know we can secure the border if we have a mind to do it, if we have the will to do it and president who will actually say, let's get it done. that is our problem. we haven't had a federal government that wanted to do what it needs to do to even secure our own border. neil: but do you worry that even though, you're talking about illegal immigration, stop illegal immigrants that this translates to be anti-latino?

that you're hurting party with latinos. that is the way donald trump's remarks have been spun that this is a party that just has it out for, for latinos. what do you say? >> well that would be an assumption that the only people crossing the border are his panics and that is simply not the case. one of the concerns that many of us have is that if it were just people coming to pick tomatoes and make beds and go to work somewhere to get a better job that's one thing but what we have, we have people coming from arab countries. we have people coming from china. we have people coming from all over the world. they just know that if they want to get in and don't have the necessary paperwork and standing to do it, they can come to the southern border and walk right across. that is the reason that it's a concern. i do think republicans have to be very clear to separate, that we're not against a particular nationality of people coming. we just want to have control of our border. we want people to come here, if they want to come for the same reason that americans want to

live here. i think we've made the mistake of thinking that the issue, the question is how many people should emigrate to america. the question is why are they emigrating? if they're coming here pause they want to love this control, they embrace its law and its values, they want to learn english, a simulate into our culture that's one thing. if they want to come because they hear we have free food, free education, free health care, they can push to here in their own language, stomp on our flag, burn it down if they want we'll still let them vote and get a driver's license. by the way if they would like to do some criminal activity we'll allow that too, that is a whole different issue. that is the reason we need to control our borders. neil: do you get a sense, i know you're in the camp that is drawing a lot of the christian vote, a lot of religious vote. ted cruz by i guess extension is in that same camp. he finished speaking with our trish regan, governor, issue of

donald trump came up as well. listen to this. >> in this past week a whole lot of republicans have run out of their way to smack donald trump because he has the tim merit to speak out about the danger of illegal immigration. we need to solve this problem and not engage in the doublespeak where we don't acknowledge the real threats we face in this country. neil: the reason that caught my attention, governor, donald trump said something bad every candidate including you, not to the degree of others, except ted cruz. he has not said anything about ted cruz or ted cruz anything bad about donald trump. do you read anything that that one way or the other? >> not really, with some people in the place it is an honor to be included in the comments good or bad and i will accept that. i made a commitment not to get into a nitpicking with other candidates. some people will say something about me and i blow it off and let it go. neil: i never do that, governor.

i never do that. i never forget a slight. >> i know. that's why i'm running for president and you aren't. that is the real reason. neil: governor, thank you very much. it is always a pleasure. >> you bet. neil: mike huckabee in his fine state of arkansas. a little bit more than cruz fallout and trump fallout and all these protests going on in athens as well. quick look meanwhile at the floor of the new york stock exchange. i do want to keep you up-to-date on that because trading has resumed. we're up 92 points. you can cut the tension with a knife down there. after this. ♪

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>> that's exactly right, neil. these are the people that are carrying the greek flag and the euro flag, very problem mentally. actually saw a greek flag with the euro symbol painted in the middle. they are sending out message they want to remain in europe. that is up to the european union creditors. we understand a plan has finally been finished and agreed to by the greek parliament and will be dispatched to brussels with just a few hours left before the deadline. the question is, what does it contain? certainly will be deep spending cuts. it will be higher taxes. in return greece wants some debt relief. as we know, the germans are strongly opposed to any relief on debt. the white house has a difference in this standoff. both the president and u.s. treasury secretary jack lew saying look, you will have to give greece some debt relief. i think the impasse has been lifted. we'll have to wait and see, neil. who knows. there will be a few more twists

in this drama. we're expecting some sort of announcement of a deal. if not, greece is in really bad shape come monday morning. neil: connell, whether you're on left or right, every country that has to overcome a morass like this a good chunk of debt has been forgiven. >> greece will have to give a back something on the other end on austerity. tsipras, the prime minister is in real interesting spot, isn't he? he has to go back against his own party politically or own political allies to make a deal in a lot of ways because he made friends there or gained popularity, no, no, we're not going along with austerity measures. i'm anti-austerity. neil: what if they found out we were behind big concessions since we fund imf we're paying for them? >> we were, the united states? neil: right. >> i still think there is a pro-deal bias in the market however you get there is

probably secondary to investors. i have been wrong on these things before. you don't know until the day after how the market will response. there is bias in terms of a deal rather than how we get to the deal. neil: ashley will continue covering this as he has. he has had no sleep past couple weeks covering drama. >> he looking great. neil: he does. he looks a little out of it. i'm kidding. ashley we'll have much more from you but boy, what a mess there, huh? we have a lot more right after this.

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neil: welcome back, everybody. when they talk about the amount of money jeb bush can raise there is a reason for that because he seems to be printing. we're told right now that in the 16 days since he has announced his candidacy, he has raised an additional $11.4 million. in just the 16 days since. this is campaign that stands to have 100 million in the bank by

the time the primaries kickoff, more than any other candidate has. he has already more than twice what mitt romney had at this point four years ago. all right, quickly over to floor of the new york stock exchange. yesterday we had no trading. no one was there. today, trading and well, no one is there. here's trish regan. trish: did i hear crickets? i think those were crickets. thanks, neil, welcome to "the intelligence report." we have rally underway less than actually hours after the nyse shutdown. markets are higher. european indices finishing in the green. china seeing a massive gain, the biggest gain in six years. look at u.s. markets. the dow is up 92. s&p up 11 and nasdaq trading up 33. s&p every sector higher as we speak outside of telecom and utilities. look at the scene right now in athens. thousands of protesters there are gathering. this time they are in favor of the euro. ths