as the bells sound on wall street. at one point the dow was higher by more than 200 points. [closing bell ringing] as we close out the market the dow settling higher. the dow right now sitting higher by 34 points, 39 points. we kind of backed off. part of this, david, could be the fact that greece, we have not heard from greece around we want to hear what is going on with that. david: markets of course are waiting for greece but it will have to happen after-hours. in greece it is 11:00 p.m. they have another hour. stroke of midnight greek time when they have to come up with a deal. they have to explain whether they're going to provide something that the eurozone will accept. maybe the imf will accept it. we'll see. while markets wait for tomorrow, here is everything you need to know right now. we are less than an hour away from another so-called deadline for the greek bost to submit its plans for debt reform and yes, it is all about getting another bailout from whom we're not exactly sure about this time but

this time there is a difference. the nation's status in the e.u. does hang in the balance. ashley webster is live from athens where thousands gathered in front of the parliament. ashley, the greek defense minister came out about noon and said to expect a deal in couple of hours. they only have about an hour left. if it for the last seconds nothing would get done in europe. even then nothing gets done. a few hours left before meeting deadline for e.u. creditors and as usual they will take it up to the very edge. we understand they have a deal they're ready to submit anytime now. they're also, tomorrow morning, the greek prime minister, mr. tsipras, will present it to the greek parliament, who will vote on those budget issues, those spending cuts and tax hikes, things that are needed in other words in order for greece to get its next and third by the way bailout which is so desperately needed. then what happens is that on saturday the eurozone finance

ministers will start pouring over all of the details and then the full e.u. summit of all 20 eight countries will then have their final say. just gives you an, really does show very clearly how clumsy and how bureaucratic the whole system is. it grinds slowly. when we have something like the greek situation it is painful. talking about painful, the austerity that comes with any debt relief greece may hope to get, david, well it is interesting they had a huge no referendum victory. the mandate back to europe. no more harsh austerity. they will have buckle down, agree to the terms and show to be putting reforms in place in order to get that much-needed money. the banks are closed. fear continues to rise. in front. greek parliament building people said, please, please keep us in the your row zone.

now down to the euro leaders to maybe angela merkel who likes to say nein a lot. we'll see whether it passes muster this weekend, david? david: thank you very much, ashley. >> the dow fighting back on hopes for a last minute deal after fears threw cold water on a earlier rally. let's bring in adam shapiro from floor of new york stock exchange. it was business as usual, luckily, adam. stocks traded like they were supposed to. >> business as usual compared to what we saw yesterday. as you pointed out we started strong that had to do with a rally in china although it is a partial rally. you can't sell stock as david pointed out at least half the stock on shanghai composite. at 1:00 we were well off the highs. we bounced up a bit when there was news there might be a vote on the greek deal that creditors agreed to it. then is sounds like, nope, this deal will miss the headline. as we head friday into the weekend people are trying to

solidify their positions. liz claman, got to mention disney. disney seems to set a new all-time high. did it again today. disney is having a great summer. as for the greeks, a different story. cheryl. liz: adam, thank you very much. six p.m. eastern time, david that is the number. david: i said 5:00 p.m. that is greek time. this is brussels time. russ sells is hour behind greece. that is why two hours until they submit the plan. the joining me is jon hilsenrath, "the wall street journal" chief economics correspondent. dan henninger, the tomorrow side, editorial editor and charlie gasparino. look what happened today. we had the rally up over 230 points at one point. if you look at the chart showing intraday-trades, this rally really fizzled. >> it fizzled -- david: why?

>> the same reason it was down 200 yesterday. listen, i worry about stock traders. they're not the most sophisticated bunch. they trade off of headlines. if you follow it, headlines towards end of the day got pretty lousy. this greek deal won't happen or might happen, probably won't. more bad news coming out of china you know that the country, all you need is one bad headline coming out of there and people think u.s. growth is sort of dependent on china growth going forward. you know, you put that in the market people trade it down. david: dan, one thing i don't think led to confidence in the world was president obama seems to be taking sides in this whole greece thing, sending jack lew over to essentially support the greek government, paint them as victims and say you have to come up with some kind after solution. if it is not the eurozone because angela merkel has political problems at home. if she was to bail out the greeks right now she would face a lot of pressure from her political right.

that leads me to wonder whether the imf is going to come through as some supporter of greece. what do you think? >> well it is entirely possible. they're desperate to find some quote, unquote solution to this ongoing crisis but it really, david, all just thumbs in the dike. what they really need in europe is stronger economic growth. god knows the greeks do and it is sort of ironic president obama, who has presided over an economy growing around 2% for six years when it should be growing much stronger than that is sending jack lew over to instruct the greeks how to run an economy. you know -- >> share that magic of citigroup with them. >> exactly. david: jon hilsenrath -- hold on a second, jon. hold on, jon. we were talking about the imf earlier. now we have christine lagarde, head of imf actually advising the fed about how to deal with its monetary policy let's play a sound bite what she had to say

about interest rates here in the u.s. >> inflation pressures suggest that interest rate hike can wait a little and that such interest rate hike would be better off in 2016. david: now, it is bad enough that the obama administration is lecturing the fed. is the fed actually going to get marching orders now from the imf? >> well, they are getting marching orders from the imf i think the obama administration has been very quiet about the fed. they have been very vocal about greece. what i find interesting here is a few things. one is, what i see the obama administration lecturing greece and imf and germany, what strikes me none of them are really listening. what i see is less american clout overseas. in the '90s when there were these financial crises overseas we called all the shots. that is not happening. that is one thing.

it is also ironic in turn we have the imf telling the fed and u.s. what to do. inside the fed reaction, thank you very much for your advice but janet yellen isn't taking her marching orders from christine lagarde. >> we actually lecturing greece? i think we're lecturing germany. >> that's what i mean. we're taking greece's side. >> germany, no offense, i don't think we should have any stroke with them. the german taxpayer says why should i, why should we bail out greece and its insane spending and welfare state? we had enough. david: but, dan, a lot of americans are saying why should we as one of the major funders of the imf support an imf bailout if that it comes down to? >> i don't think americans quite know that is what is happening. they will be upset when they find out. to play devil's advocate, if i'm a greek citizen or voter, sitting there in athens looking at europeans trying to instruct

me to run an economy when did these get their houses in order? the euro was created in 19 the 2. we supported it at the time it was supposed to force italy, spain, belgium to undertake structural labor reforms. >> and greece. >> broke the guidelines routinely as did germany. david: if you have rules you have to stick to the rules. you don't stick to the rules our out. >> they haven't done it. david: that is what they face now unless another bailout or life line from the obama administration. appreciate it. cheryl? >> david a few other stories on our radar this afternoon. secretary of state john kerry signaling there will not be a nuclear agreement with iran by friday. that complicates american efforts to implicate a deal with congress able to invoke 60-period. secretary kerry will not be rushed. >> we're not going to sit at the negotiating table forever.

we also recognize we shouldn't get up and leave simply because the clock strikes midnight. >> meanwhile pope francis is in bolivia on the fifth day of a three-day nation tour of south america and a mass for hundreds of thousands. he reminded followers of their moral duty to help the poor. and doors that can fly open and sunroofs that fall out, problems leading to apparent recalls involving 66,000 land rovers. it affects 2013 to '16 range rover and 2014 range rover sport where doors can unlatch mid dive. dealers fix the problem next month. david: we'll see if that happens. hundreds of americans traveling to syria to fight for extremists but the government is cutting back on troops. >> when it comes to china, best to keep your neck nice and loose. stocks in asia roaring back but the selloff might not be over yet. watch out.

david: you know her name and probably that iconic voice. radio personality today lie yaw -- dell lie yaw joining us on relationship tips for the business world. >> for real, our listeners love us because they know we love them. delilah ♪.

.

ness we are the thinkers. the job jugglers. the up all-nighters. and the ones who turn ideas into action.

we've made our passions our life's work. we strive for the moments where we can say, "i did it!" ♪ we are entrepreneurs who started it all... with a signature. legalzoom has helped start over 1 million businesses, turning dreamers into business owners. and we're here to help start yours. cheryl: we're getting breaking news right now into fox business. greece has submitted its proposal for a deal. just under that two hour deadline, 6:00 p.m. eastern time, new york time deadline. they just submitted their proposal. we'll get spokesmen confirming that the euro group. euro group president has received this new proposal. e.u. leaders will review the plan. they will come together on sun, for what may be the final round to decide greece's future in the eurozone. ashley webster is in athens

where of course those banks remain closed, ashley. looks like they will remain closed until next week, sir? >> yeah. they will indeed, cheryl. because, let's face it. there could be a long way to go yet. so the greek government has finally got that proposal over to brussels. just under two hours left. it was looked at earlier in the day by all of the political parties here in greece. leaders all agreeing to them. they have been putting fine touches to it. now it has been submitted. we don't know details of course. but we know it has to contain a lot of austerity in order for greece to have the debt restructured, some sort of relief. what happens now is the finance ministers of the e.u. will go over it all and then it will be passed on to the e.u. leaders themselves or 28 countries within european union. those that use the euro and use their own currency will give it a look. they will decide. a big issue still comes down to germany.

can germany live with any debt relief for greece. they said it can not live wit. greece failed to enact all the reforms the e.u. has asked. they have very little faith in the greek government and especially in the alexis tsipras government. there could be a long way to go yet. there are inclination or rumors perhaps, germany will bow to pressure to allow some sort of debt restructure. if that is the case, then greece indeed would stay in the eurozone and banks more than likely would open monday or tuesday and try to get back to business as usual. on the other hand, of things if it doesn't work out, then things will get very difficult here in greece and especially for the financial industry and greek banks themselves. they are on the very edge of collapse. cheryl, back to you. david: angela merkel is on the edge as well politically speaking, ashley. she is facing a lot of backlash from the german people. she is a politician afterwards. she has her own constituency to work out. they don't want another bailout

of the greek government that has not followed what they said they were going to do in terms of cutting back on spending even though the greeks are painting themselves as victims defense the germans. german people say we own most of the debt, most of the greek debt. we don't want to bail them out another time. she has her constituency to worry about. >> difficult defining moment politically for her, you're right, david. she could be hurt politically holding the line. it will be hard for her to get any sort of debt relief or haircut through the german parliament. it will be very difficult to get that approved and she would be hurt politically because the germans are absolutely fed up. they have the largest exposure to greek debt, somewhere close to $69 billion when you include contributions to previous bailouts and domestic banks. germany has a lot to lose. it will be very interesting to see whether they cave or not to these reforms. cheryl: ashley, let's talk about what this could mean for u.s.

markets. obviously tomorrow u.s. markets will be operating normally. the new york stock exchange will hopefully be trading normally. but the thing about sunday, walk through, if you don't mind what sunday will look like. that will give all of us on sunday a sense what our monday morning looks like here in this country once markets start to react. what type of news do you think we'll get sunday and when more specifically? >> that's a very good question, cheryl. i think if this summit was called for sunday on purpose. it's a day of course when the markets are closed and depending what happens and markets will at least have some time to digest it. of course the asian markets will be first to react. i think it's a, you know, there is also a suggestion that the finance ministers like it on the saturday saying you know what? this does contain everything we've been asking for. there is a chance that the e.u. summit on sunday could just go away. i don't think that is going to happen. i think there is too much discussion to be had.

i think based on what headlines come out of that, the markets will react. it is not the biggest economy in the world by any means. it is 2%, greece, of the eurozone economy. it is that contagion. if they get a haircut who will jump in? italy spain, portugal, ireland, they will say we want money back. the european union is biggest oxymoron there is. cheryl: greece breakup is potentially on table for all of us. david -- david: you were talking, cheryl, about the u.s. markets. the question whether these proposals -- by the way we're getting sort of boilerplate stuff from the your -- eurozone folks. doesn't give us a hint. new greek proposals are important for institutions to consider in their assessments. so it is kind of boilerplate stuff. we'll try to get details as soon as we can but adam shapiro, in the meantime just getting details from the greek government is something anyway.

has it affect the markets after-hours at all? >> not particularly. what was really affecting markets before the close of trading session was greece. we started very strong and down. part of it was china. at 1:00 we start ad big selloff. then there was a rebound when there was this news of a potential vote on a deal in the greek parliament, depending on what the creditors would have to say. we came back up. as we went into the close, we went down again, even though we closed up the day, dow was up3 points. one of the things you pay attention to people are nervous. volatility index hit highest point since february. gives you a signal where we start trading. people are nervous and may want to protect themselves going into the weekend. david: we should mention the vix did close at pretty high note. almost at 20 by the way, as we can see it there. 19.97. so when the vix is up that means the markets are down. that was before we bottom word

that greece did come in with a proposal. we don't yet know with that proposal is. a lot of suspicion about what it might be. once they go over the details, the devil is in the details as always. if this is another problem is miss without any backing behind it, chances are the euro folks will not agree to it. we'll come back to you very shortly in a moment. we have breaking news out of south carolina. governor nikki haley signed the bill to remove the confederate flag from the statehouse ground. the flag will be removed at 10:00 a.m. this cap as whirlwind push to take down the symbol part of the capital grounds more than 50 years. it has been signed. the flag will come down. cheryl: a lot of breaking news. david: a lot of breaking news. cheryl: can't miss the show. david: absolutely not. a bumpy ride, the most uncomfortable way to travel may come to an airplane to you. cheryl: horrible. david: wait until you hear about

this, this will make you mad. cheryl: believe me. help us delilah, the biggest woman on the radio is here with advice for the business world. david: want to hear that. ♪ does your mouth often feel dry? multiple medications, a dry mouth can be a side effect of many medications. but it can also lead to tooth decay and bad breath. that's why there's biotene, available as an oral rinse, toothpaste, spray or gel. biotene can provide soothing relief and it helps keep your mouth healthy too.

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switch to liberty mutual and you could save up to $423. call liberty mutual for a free quote today at 1-888-438-9061 see car insurance in a whole new light. liberty mutual insurance. jo breaking news. the stop -- cheryl: breaking news. top story of the hour. greece submitting a deal two hours before the 6:00 p.m. eastern deadline. a spokesman that the european president received the proposal. e.u. leaders will review the plan, come together on sunday maybe to decide the final round of a teal for greece. david: chinese shares posting a biggest daily gain in six years

nearly erasing yesterday's 5.9% plunge. after the government moved to limit selling by big investors in state-run companies. in fact you go to jail if you sell shares short in china. robert bloom, investment banker and economist based in beijing. joins us on the phone. robert, what about today's comeback, is it dead-cat bounce or real thing. >> let's see what goes on tomorrow. nearly half the shares are not even available on the stock market. it is fine and dandy when you take those out of the picture to try to manipulate and play around with a few of them. let's see what happens if they add more? david: you used word manipulative. a lot of people wonder whether the people over there like our stock market or not? is it manipulated market and if so how? >> it is an administered market. naturally all kinds of regulations and so on.

in this case it is broader. it is deeper than that. this is a, this is thought control. this is leninist thought control. these people are in charge of the government. the previous government of technocrats were thrown out in favor of culture ideology and security, police and so on. they control media. no "wall street journal." no contrarian information is available there. there is no free flow of information. david: that said, sounds like a manipulated market to me. the ban on short selling, you literally can go to jail if you're doing any short selling. has there been any crackdown or anybody arrested there for doing that? >> no. you asked about today. why today? because the security guys are saying, china's economy is successful not because of the market, because of security. you have a lot of police. you throw contrarians in jail. because you're a contrarian if you dispute the government, if you disagree with them, you go to jail. of course they are contrarian.

if anything that could be why the market went up today. david: breaking news on greece, i have to finally ask you, is the inside money out of the stock market right now? by the way, people in government that have connections did they get their money out and are they staying out? >> yeah, when the market was going up, institutions and stuff. they're sending their fund's broad. owners, they were all cashing out in the run-up. they know exactly what is going on. david: gotcha. robert bloom. >> smart money leaves the country. david: smart money usually gets out first. robert bloom from beijing. thank you very much. cheryl? cheryl: so much going on in the world we've been covering this hour but let me say something, and you may know this phrase, hey there, today lyle law. they ask for advice and inspiration and more than occasional sappy love song. joining me the most listened to woman in radio in country, delilah is here in new york. you're here on a crazy day. >> fun, fun day.

cheryl: so much is happening in the world. we've got the greeks, europeans, the chinese. we have isis. >> you have me where you can get away from all of this. cheryl: is that what making us so popular? people need a break from all of this? >> well, they need a break from all that. that is the big stuff. chinese economy is pretty big. when your child is leaving home to go to college. when your husband walked in after 20 years of marriage he is done and walking out. those are the things that destroy you. those are the things that steal your joy and steal your hope. and that, even more than that, the greek economy, or the chinese economy, that is why i'm there at night. cheryl: obviously people, our personal lives at end of the day what define us and family and friends who we love and don't love and who don't love us, but you have this rags to riches story. if anybody has a good business lesson were you. you were living in small -- you had no heat. barely any water.

three kids. 18 grand a year. you built all of that when a lot of men in the radio business told you, we don't want you and you made it anyway? how did you do it? >> i learned on how to survive on rahman. cheryl: there you go. >> i had very smart father. we had a lot of problems in our relationship that were never resolved but he had so much good in him. and one of the things he taught me when i was very young, i was maybe 10 or 11 years old, he said, sis, don't ever go in debt. don't ever go in debt. when you go in debt you have to pay your bills. when you have to pay your bills, you have to keep your job. cheryl: you have 12 kids -- 13. cheryl: 13 kids. cheryl: yeah, you're not, never went into debt in all of that? >> yeah. my house debt. but my dad's point, was if i had to pay bills on time, then i had to fight to keep a job or tolerate behavior i didn't want to tolerate. cheryl: really quick, i want to

get relationship advice from you because, it is true. people, they tune in. you know, let's say what would you say to the germans? what would your advice be to the germans as they deal with proposal from the greeks and everybody is fighting for money? what would you say to angela merkel? >> go back in history see what deal was given to you in '50s. cheryl: play you lost that loving feeling. >> that is a good song. cheryl: what would you play for ben affleck and jennifer guarder? they're going through divorce. >> i would have to have ben affleck call me personally. i would guide him through the pain. cheryl: favorite love song, real quick. >> of all time? right now sam smith, yeah he has got my heart. >> he has had his heartbroken a few times. look at you, delilah. >> thank you. cheryl: great to have you in new york. a big treat for us. >> thank you. cheryl: david, over to you. david: from greece to china to delilah, back to greece now.

greece finalize ad proposal. actually the parliament in greece has to finalize it tomorrow. they still have to vote on this thing before the folks in brussels can decide whether it is good or not. we'll keep you informed on very latest out of greece in just a moment. can a business have a mind? a subconscious. a knack for predicting the future. reflexes faster than the speed of thought. can a business have a spirit? can a business have a soul? can a business be...alive? to breathe with copd?ow hard it can be it can feel like this. copd includes chronic bronchitis and emphysema. spiriva is a once-daily inhaled copd maintenance treatment

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i built my business with passion. but i keep it growing by making every dollar count. that's why i have the spark cash card from capital one. i earn unlimited 2% cash back on everything i buy for my studio. ♪ and that unlimited 2% cash back from spark means thousands of dollars each year going back into my business... that's huge for my bottom line. what's in your wallet? cheryl: new comments from the white house this hour on the government data breach that exposed millions of worker records. a white house official saying it

will not comment whether or not china was behind the breach. we're also getting new numbers on just how many people were affected. let's get straight to peter barnes in washington. an astonishing number we're now getting, peter. >> that's right, cheryl. the hacks of the government personnel agency computers has affected 25 million government employees and others according to the results of an investigation announced by federal authorities. office of personnel management said hackers stole background investigation records for security clearances from 19.7 million government employees and for another 1.8 million non-job applicants such as spouses and partners for a total of 21 1/2 million individuals. this is on top of the previously reported separate hack of 4.2 million present and former government employees whose personnel data was stolen. china is suspected in these hacks though it has denied it. according to officials the type of sensitive information the hackers got in the second hack

include social security numbers, employment history, information about immediate family and other personal and business acquaintances, health, criminal and financial history information. personal agency says so far it appears none of this data has been misused such as for credit or identity theft or has been disseminated. the agency says it is fixing the problems. share, back to you. cheryl: peter barnes in washington. thank you very much. david, over to you. david: as we reported greece submitted a proposal for debt reform to secure a crucial bailout for eurozone. what impact could that have on our markets? here to weigh in, anthony scaramucci, skybridge capital, scott martin, united advisors, fox news contributor. anthony, first to you, we should mention that the proposal submitted by the economic minister but the greek parliament still has to approve this thing tomorrow, friday before it goes to the eurozone folks in brussels.

hard enough to make a deal in the u.s. congress, what about in greece? >> well they're down to the last straw. so i'm going to say the rational thing that they will get this deal done. i do believe it will get passed. i do believe that the greeks wills stay in the euro. there is consequential damage, that everybody looking at securities around the world has to take up risk premium because at this point in the euro cycle people are not acting rationally. that augers poorly torefor italy and portugal. david: anthony mentioned italy. during the break we mentioned hough much that economy is black market economy. they signed on to the eurozone knowing they would violate a lot of same things greece is violates for years. the same is true with portugal. the same is true with spain. again we're just talking about greece, but doesn't this thing cascade into other countries? >> oh, absolutely and that's

what the reality is if they let the greeks off the hook you will look at spain, portugal, italy, they will want to discount what they owe as well. this is really important that this gets done. there is a little saying called -- >> that is why you kick them out. david: i mean you say it is real important if it is done. and, scott, i'm wondering i think it is real important if it is not done. in some ways if you give them another excuse, another free ride, particularly now that you have president obama sending our trekker sy secretary there to argue on behalf of the greeks, greek socialists who haven't been abiding by rules i think that is a disaster. >> what will he say, look what we're doing? look how great it is working. you need them not to get done. kick them out. you know where it cascades to your question? la france, the neighbor the germany. if you look where italy, spain, portugal are, they are fringe players. the leftist socialist parties gaining popularity in france a

risk to the whole thing. when they see greece go or get a debt deal, france is the one that is a big player, they could leave too. david: kimberly, one final word because she hasn't had enough chance to talk here. >> that's all right. david: we do have a crisis, potential political crisis if they don't get the money, if they don't get bailed out they will go back to the drachma, have a big devaluation and probably have riots in the street, won't that force some kind after political react shun? >> well it could but and that is the reality what it is. the greeks are known for that, right? they're known for the drama and they have been in depression before. i have clients that i was just talking with, they are preparing for a depression. they're preparing to exit. they do not like the germ mans. they would rather be on their own than have to be held hostage to the germans. david: appreciate it, gang. cheryl, over to you. cheryl: programing note, don't miss tomorrow on "mornings with maria," former fed chairman alan greenspan will

join for a rare interview. followed by influential investor bill gross. only on "mornings with maria." the battle with isis in the spotlight once again. a new warning from the fbi. that is troublesome. that is coming up. plus the irs targeting scandal just keeps getting bigger. new documents showing more government agencies were involved. ♪ d protect you from cancer? what if one push up could prevent heart disease? [man grunts] one wishful thinking, right? but there is one step you can take to help prevent another serious disease- pneumococcal pneumonia. one dose of the prevnar 13® vaccine can help protect you ... from pneumococcal pneumonia, an illness that can cause coughing, chest pain, difficulty breathing, and may even put you in the hospital. prevnar 13 ® is used in adults 50 and older to help prevent infections from 13 strains of the bacteria that cause pneumococcal pneumonia. you should not receive prevnar 13 ® if you've had a severe allergic reaction to the vaccine or its ingredients if you have a weakened immune system,

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>> the new warnings about isis from the fbi. 200 americans traveled or attempted to travel to syria to participate. that is end quote there. joining me dakota woods, senior fellow at the brad blakeman and. the founder of the accountability project. welcome to all of you. and blake, i want to start with you on this one. you look what happened with isis. more and more they're using

social media to reach out to vulnerable americans. finally fbi saying we have a problem. are we too late to quell the issue? >> you know many times, technology is ahead of where government should be. whether in the private sector or in the government. here we're finding ourselves behind the eight ball. one thing for sure. we've experienced this problem before with this snail mail. the mail that gets delivered to our home. it is encrypted is it not, inside of an envelope. you have to get a warrant. email is the same way. encryption is seal on the information. we have to figure out a way to do it, that is legal and justified and it is warranted. the congress needs to take a look at this immediately but so does the courts. cheryl: mickey, i want to play this -- now lawmakers are involved. here is what dianne feinstein had to say on the hill yesterday about what our companies are not doing right. listen to this. >> the companies do not proactively monitor their sites to identify such content.

nor do they inform the fbi when they identified and removed their content. i believe they should. cheryl: what do you make of that, mickey, about that comment? >> she is absolutely right. technology companies are protecting partners. companies they're working with. rightfully so. there is a line. like you were saying earlier about the snail mail, we always found exemptions to the situations of right to privacy. just the problem is the public debate is moving such a slow pace. not finding compromise fast enough. the result that isis swoops in they're able to act quickly. cheryl: isis has 21,000 english speaking followers on twitter. that is shocking to me and kind of frightening. >> it is. reflects the value system some people who live here in the united states but i think we should always err on the side of personal privacy and try to guard against overly intrusive government activities in the

lives of private citizens. example is given on snail mail, is somewhat helpful. but not entirely that isis still can't get into 20 million pieces of encrypted envelope protected mail where in an electronic age, if you have an encryption key you can certainly do that. cheryl: right. >> as we saw with the opm breach, that kind of data is accessible. cheryl: another horrible breach we covered as well during this very busy hour. a lot of breaking news. appreciate it, guys. david asman has more breaking news. david: we do indeed have more fox business breaking news. the sec is saying it met with top executives of the nyse to learn what caused yesterday's nearly four-hour trading halt. "from mary jo white, steve is meeting with senior nyse officials to further review events and nyse's plans going forward.

they said it was from upgraded software they tried to install midweek a lot of people said was a mistake. working hard for the money. jeb bush clarifying his comments that americans should be working longer hours. that's next. ♪ well, put on a breathe right strip and instantly open your nose up to 38% more than allergy medicines alone. so you can breathe and sleep. shut your mouth and sleep right. breathe right.

david: american productivity now in the campaign spotlight. jeb bush getting hit by hillary clinton for what he said about our growth rate. take a listen. >> my aspiration for the country, and i believe we can achieve it, is 4% growth as far as the eye can see. which means we have to be a lot more productive. workforce participation has to rise from its all time modern lows. means that people need to work longer hours and, and through their productivity gain more income for their families. david: now in statement the bush camp clarifies the former governor was referring to

underemployed and part-time workers. steve moore, from the heritage foundation. he is a fox news contributor. brad anomki are back again. she is greek. should have had you on the greek segment. steve,:tweeted out something about what bush said. anyone who discounts six 1/2 million people part-time work seeking work full time hasn't listened to working americans. that seemed to be a cheap shot was trying to say he is accusing americans of being lazy. that is not what he was saying, is it? >> not at all. it is opposite, that obama policies like obamacare actually forced americans, record numbers of them, david into what we call forced part-time work. what jeb bush is talking about, agree with every single sentence he said there, david as an economist, he is exactly right. we can't have 4% growth. we do need dramatically increase the labor force participation rate and need to get workers to work more hours. if you work number of hours

worked in this recovery, they have actually been very low relative to other recoveries. so more work and more productive work and more business investment will lead to 4% growth. david: the point about hillary clinton, by the way, she has to take some responsibility because she is part of obama administration for the past six years when we haven't been growing as much. when we have some part-time workers because growth has been bad. >> a lot of policies set in place 10 years ago were under bush administration. let's be fair takes time to develop these policies but issue in this election is income inequality. what is number one thing jeb bush is doing here? he alienated a significant portion of the population, struggling to find full-time employment. they're not -- >> how has he alienated them? >> when you have companies like walmart, that are insisting on keeping employees under full time so they don't have to pay benefits. those people have to -- david: breaking news. i will have to switch to brad

very quickly. brad, the fact obamacare alone, when you talk about obama policies has created so much part-time employment i know restaurateurs are saying i put these people on part time because that way i don't have to pay insurance. if they were on full time i would have to pay insurance. because obamacare increased part time employment, is there not. >> no doubt about it. that is driver from people from full time employment to part-time employment. what jeb bush is saying simple. americans should reach full potential. they should work at jobs they're best in, working full time at their jobs and not working dish not that i'm always looking for consensus this economy should be growing stronger, right? can't everybody agree with that? we'll leave it at that. thanks, guys. appreciate it. cheryl? cheryl: irs may not be only one with blood on its hands. we'll tell you which other government agencies may be just as guilty of putting a "bulls-eye" on down serve tiff groups. -don't serve tiff.

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>> government agencies might have been working with groups to target conservative groups. here is darrell isis on "cavuto: coast to coast." >> lois lerner somebody who abused her authority at federal election commission before she went to the irs was more successful getting the department of justice and fbi to at least cross some lines. >> here with more is fox business's gerri willis. gerri? >> hi, there, cheryl, that's right. not just the irs anymore but the department of justice and the fbi. information coming from a foia request, freedom of information request filed by judicial watch shows these three groups got together and didn't just discuss the tax-exempt status of these groups but also if they could be penalized criminally penalized for what they had done under the federal election law. other revelations out of this. that the irs shared some 113,000

tax returns, believe it or not with the fbi. now i wondered if that was legal. here is what jason chaffetz had to say. >> it is potentially a violation of the law. it certainly is of the spirit of what they're supposed to be doing because you're not just supposed to willy-nilly share taxpayer information on a fishing trip out specific allegations. normally you would have to issue a subpoena to get this type of information but lois lerner had a political agenda. >> so, need ad, she had a political agenda, she was goings after as we've said. chaffetz running committee on oversight and government reform which is investigating the irs, right? got to tell you, the big question now, will there be a special prosecutor? is that the next step that is needed here? we're going to have to wait and see. cheryl? >> gerri willis up in the newsroom. david: for so long the justice department was saying we had nothing to do with it. this is all in the irs court. we're seeing some overlap

between the irs and justice department. that does it for us. a lot of breaking news late into the night over in europe but still happening. deirdre bolton here through the next hour of fox business with "risk & reward." deirdre? deirdre: we certainly will. we will take you on a tour around the world. you have been covering it. greece has a deal. we will bring you the latest details. china's stock market logging its biggest one-day rise since 2009. chinese government threw in the kitchen sink to make that happen. more what it means to your money here. speaking of investing, one big data founder letting you harvest twitter as an vets investing guide. "risk & reward" starts right now. deirdre: here is the most important news of the day. markets around the world have finished higher. chinese stocks rallied.