biden possibly running for the white house. my time is virtually up, but neil cavuto's got the rest of the day -- or certainly couple of hours, right, neil? neil: you know, what proof do we have of that story, right? it sounds like a very good story, but has anyone checked it out? it's kind of weird, but that's just me. all right, we are awaiting in the next couple hours the details on a sweeping epa overall of pollution and emission standards in this country -- overhaul of pollution and emission standards in this country. if this rings a bell, it should,. >> has happened before. at least 32% by the year 2030 and faster for some folks. now, a lot of states are complaining. we'll be hearing from patrick morrissey, the west virginia attorney general, who says this is way overboard, but it is certainly tanking a lot of coal stocks that have since this first came up been tanking on the news that this is going to hit them further. you might recall that a number of these coal industry ceos have

been saying, we give up, you're hammering us to nothing, and we think that is the administration's intent. there's a lot of anger at the president for ignoring what has been a supreme court directive. look, when the epa comes out with recommendations, you just can't willy-nilly not consider the costs to companies of these recommendations. but, again, the administration doubling down on this with a plan that will go further than any president has ever gone before in policing pollution in this country. part of a climate change initiative the president wants to make part of his legacy. now to the aforementioned west virginia attorney general, patrick morrissey. general, what do you think of this? >> well, obviously, the details are still coming out, but we think that this administration is pushing a radical and illegal proposal, and west virginia and a whole coalition of states and many other entities including miners and businesses are getting prepared to sue. neil: what i don't understand, general, when the supreme court slapped down the epa in a recent decision saying, you know, you

have to consider the costs of whatever recommendations you have, and then i see something like this, now, the cost to the industry, all of these affected industries is going to be substantial. just capital improvements and the like are going to be better than $100 billion next year. so has anyone thought of that here? >> well, i think people have. and most folks are focusing on the fact that the epa releases these rules, that they know may ultimately not get upheld in the courts, but in order to force states and utilities to come in compliance with it knowing if you don't get a court decision for two, three, four years, the damage will already be done. that's why i think the most important thing we need to do right here, the states and interests that are all going to be suing, we need to ask for an immediate stay on this rule so these issues can get litigated in the courts so we don't see a repeat of the recent supreme court case where the epa

effectively acknowledged that the damage is already done even though they lost. neil: you know, i don't even know the pros and cons of this particular case, general, and i know a lot of people are all for addressing climate change, others dispute that. what i do know is even when you grant a stay, the history at least lately has been that this east administration ignores it or, at best, just kicks it down the road. and i think of, you know, how the court has twice now slapped down the administration move to delay deportations. none of those deportations have resumed, to my knowledge. i'm wondering if even if you were to succeed at a stay here, what would change? >> well, look, we're hopeful that if we are able to get a stay, then the court can carefully consider all these issues. but we know that the administration's track record on the rule of law is very poor. but yet we do have confidence that if we go into court, that if judges can give us a fair hearing, we'll ultimately prevail on the merits.

one of the most important things, i think, for people to focus on is that this is the environmental protection agency. this is not a central energy planning authority. so we think as people begin to see the utter lack of authority on this rule, they're going to start to move into our camp. and i think that may force the epa through the public pressure to ultimately do the right thing. neil: all right, general, thank you very, very much. again, just to bring you folks up to speed who are watching right now, what we are going to hear out of the administration, the environmental protection agency, is a plan to rein in emissions at some of these power plants and the like. most of them coal-powered, to try to clean up the air and do so by 32% by the year 2030. now, some are considered dirtier than others, it could be significantly more than that. there is not a same standard applied to all states. this gets lost in the weeds here. a lot of people coming back and saying, first of all, not all businesses are treated equally. in other words, one polluter

isn't the same as another polluter. but not all countries participate evenly, something we're going to raise with former epa administrator mike leavitt right now. the biggest thing is that some of the world's biggest polluters -- china comes to mind, india comes to mind -- aren't ponying up money. they've got a commitment, i think, on the part of china to look into this, but it isn't necessarily doing anything about this, right? >> i've actually had direct conversations with senior chinese officials where i have asked them do you intend to take this seriously and begin to deal in a way that would reduce your carbon foot print, etc. , and they -- they're talking a good game, but the reality is their biggest priority is the creation of 25 million jobs a year, and they know if they fail to create those jobs, that it creates disorder in chinese society. i don't think they ever have an intention of being able to obligate themselves to this kind of commitment.

i think they have pressure at home to clean up the air, but it's not going to happen in this kind of an agreement or in this, in this way. neil: you know, as you've indicated in your days running the agency, everyone wants clean air. everyone wants to make sure we're not poisoning our kids and our environment, but we all like to be on the same page on this, and we all, everyone wants the to sort of commit their proverbial pound of flesh to this. i get a sense, mike, from some of the other countries that are reluctant to join that not all 195 countries on this planet are participating. i mean, they all commend, i guess, the president for taking this initiative, but they seem to be putting much of the onus and the cost on the united states. >> this approach lacks the balance that's required for sound environmental policy, because sound environmental policy does not simply take into conversation how low can you grind the requirements. it takes into consideration what it does to every other aspect of the economy.

ultimately, this is going to drive what they want which is to move energy policy away from fossil fuelings. but that -- fuelings. but that has consequences too. it has consequences both economically, environmentally and long term our competitiveness. neil: all right. we'll watch closely, michael, always good having you. thank you very, very much. well, obviously, this has all been dumped in the candidates' lap ahead of their big debate on thursday. in other words, if you come out against this law, are you anti-clean air, are you antithe environment? how do you dance that one? that's something i'm going to raise with lenny right now, he works on mitt romney's 2012 campaign, and he says it could potentially put a lot of those debaters in a bit of a pickle. what do you think they say and do, to a man, to a woman on the predate with carly carly carly a likely, they're not big on the epa and its intrusiveness, but they can't be big on saying they're against clean air, right? so how do they dance that back? >> neil, i think there are two

important things that the candidates will factor in. one is there are so many candidates, you're not going to have a lot of time. thursday night is not the evening to spend a lot of time debating the merits of climate change. thursday night is an opportunity to demonstrate that if you love president clinton's job-killing agenda on energy, you're going to love hillary clinton. and i think they're going to talk about this issue as it relates to a departure from what we're seeing in hillary clinton and president obama's views on energy and give them an opportunity to talk about a more balanced, common sense, pro-jobs initiative that addresses our -- neil: yeah, but i also think they were very astute, some of them were quite astute, jeb bush, chris christie, saying when the supreme court ruleed about overreach and the epa and the cost to these corporations, that did resonate with a lot of folks. they say it didn't resonate with the administration because they've doubled down on this proposal now, but they will

likely treat it much as sort of the new keystone debate, right? that that is the jobs killer, right? >> no question ability it. neil, they'll do two things, i think. one is they'll tie hillary clinton to this disastrous obama energy policy, and, two, they'll use it as an opportunity to highlight not only their own visions for a balanced energy plan, but more important, neil, they're turn this into an opportunity to frame their message about a positive economic future for american families and for businesses moving forward. campaigns and elections are about the future. i think that's what they're going to use this opportunity to do, to pivot to what they would do when they're in charge of an american economy and desperate need of change. neil: you know what i do think, there's been no talk about all the layoffs in the oil and energy-related industry since oil has been collapsing. i think we're down another buck and a half today, around $45 a barrel. no talk about all the jobs lost there. i guess there is no sympathetic

lobby for oil and oil services workers, but tens of thousands are out of work as a result of this. they could argue, and i don't know if they will argue, that this, the silence on this on the part of democrats is deafening. what do you think happens? >> i think what is going to be perilous for democrats moving forward is we've got to remember we have a presidential debate on thursday, but more important, over time democrats will be competing in coal-rich states like pennsylvania and iowa in 2016 on the senate side. if they want to double down and embrace this job-killing agenda, by the way, which leaves countries like china completely exempt and continue their ability to continue polluting without ramification, so be it. a smart campaign will remind viewers on thursday about how china gets a free pass and obama, hillary energy plannings. neil: lenny, thank you very, very much. as we were speaking, just want to pass to you, but it has been

confirmed, the texas attorney general, ken paxton, has been booked on felony securities fraud charges including a lesser chance of failing to register with the state securities regulators over some possession of stock that he had. it's a little murky here, and a lot of this has occurred aledly during his prior days before he was elected attorney general of the state. a judge is going to take up these issues, and it's a little different in texas, but the texas attorney general, ken paxton, has been booked on these, and in texas they are, in fact, criminal charges. we'll keep you posted. all right now, we mentioned this with a couple of our guests, but it bears watching ahead of this epo ruling and the detail coming out in the next couple of hours, is it overreach? exactly how does the republican party plan to stop the president on this, or is this going to be just a, go ahead, propose and leave it to courts to dispose over the years and the president wins regardless? ♪ ♪

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neil: welcome back, everybody, i'm nel cavuto, and you are watching "coast cocoast" and as we told you, a continuation of what coal stocks think is an all-out war on an industry by a president who doesn't much care. the gist of the republican argument and the critics' argument against this effort to in the name of climate change go after emission standards aggressively over the next few years is that the president has the power to do this. they insist that he does not, and therein lies the rub. but they do see a president and administration that oversteps itself, waits for the courts to rule later on this, but they're long gone, the changes are long made, and then they just go out

there with one of these kind of deals. [laughter] that's kind of what they say. but there is a case sometimes within the administration a court rules against what they're doing. the epa comes to mind. congressman ed royce on the republicans' plan to deal with that. and what we discovered, congressman, is that the supreme court said to the epa you've got to factor in the costs of what you're doing before you willy-nilly change things, and they just doubled down on this with the measures today just like a lot of your colleagues say they doubled down on this deportation stuff even though two different courts slapped them down on this. i don't see deportations resuming after the administration wanted to freeze five million of them. i get a sense, sir, they don't much follow what the courts or what you're saying. what do you make of that? >> and another problem here is we've actually got two different decisions by courts as it relates to the epa. one earlier decision, unfortunately, very close decision indicated the epa did have some of this authority.

and so -- [laughter] part of the problem is it also matters not just elections for president, but it also matters who gets appointed to the court. and increasingly on these 5-4 decisions, a lot is going to depend upon where the court swings one way or the other. neil: do you know the latest swing, if you are, sir, is, no, we're not saying yea or nay, epa, we are saying yea or nay you've not factored in the costs. they're going to be prohibitively higher and a lot more sweeping. so i guess i can't read after that supreme court why the administrationing would even propose -- administration would even propose it, because that is really flaunting the court. or do they feel that by the time the court sorts out this latest, you know, as some of your colleagues see it, roughshod treatment, that they're long out of there, and these changes are

already well along the way? >> neil, i this think they're banking on the court not being assertive. clearly, the court could come in, we could have a decisive decision here which forces the hand -- neil: they're not going to do that. that would involve even a stay, and the supreme court doesn't deal with stays. they're just not going to jump in when they feel they've already jumped in, right? >> but wait, i think the problem is a little more complicated than that. i think that the conservatives on the court have a hard time mustering that additional fifth vote. i think what we see right now is a reticence to go in and take that constitutionalist perspective here. and, frankly, that's another consequence of not having the right appointments to the supreme court. neil: i gotcha. >> and that should be part of the overall -- this should be addressed, i would hope, by presidential -- by the candidates running for president, because it's a key question going forward. neil: well, you didn't hear this from me, congressman, but there's a big debate on

thursday, and i'm betting it could come up. it's always good to have you, sir, one of the few people not running for the president for the time being. congressman royce, thank you very much. all right, we will see what happens on that. what's at stake here is whether the court says the administration has gone too far, but we're going to get that decision, at least the administration wants to do, in a couple of hours. it is very, very sweeping, unlike anything we've seen before. and i know it seems like we're going to get ross in the environmental weeds -- lost in the environmental weeds here, no pun intended, but this is pricey and part of what the president claims will be his legacy. albeit is price by -- pricey one. what if i told you the financial aid that you're applying for is what's driving it up? every time you or your child gets a loan, that drives up the cost. now, does that make colleges thieving s.o.b.s? of course not. [laughter] 90% chance it does, after this.

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neil: all right. if you have kids going to college or soon going to college -- ever do those formulassing where you -- formulas where you put in their age and how much you'll need? i need $17 million. [laughter] here's what complicates things. apparently, if you apply for aid, they've done studies on this, it actually boosts tuition. the idea being that the colleges feel free to raise the price since you're getting more money, and on and on and on. we've got connell and dagen here on whether the government's enabling this. what do you think, connell? >> it does make sense. the solution is really the problem which a lot of people have thought for a long time, but this new york fed study seems to confirm that, the more age you give out, the more likely the colleges are to boost their tuitions. now, in this does look at the, i guess, what they call the sticker price of education, not the net price. which is even though the sticker price has gone up over the years a lot, especially the last 15 years or so, the net cost has not risen as much because the

colleges are giving out, and the government is kicking in -- neil: and they factor that in, right? they say, well, net prices are not going up as much, so what are you whining about? >> right. but if you look at the analysis they did, this looks like, by the way, the housing boom. you give americans to satisfy the american dream supercheap and easy credit, you encourage them to take on an amount of debt that they cannot pay back, you boost the price of the asset you're funding with the loans, and it all comes crumbling down. this study looked at for a dollar increase in the subsidized loan cap which is the lower income students to tuitions rose by 65 cents for pell grants which are just grants to -- neil: you lost me, like, five minutes ago. [laughter] >> you're trying to show causation. neil: i know. >> not just a coincidence. >> she always has to show off how smart she is. >> well, you said going into the weeds. you led me by the hand.

neil: 60-some of-odd cents -- >> sounds like me with the charts last week. neil: the two of you have a little cabal going here. >> which is very rare. >> so the more loans there were available, the more aid that's been available. it's doubled from 2001 to 2012. the annual student loan disbursements, mostly -- neil: what would happen, do you think, if it wasn't as generous? the schools would almost have to respond be. >> kind of an icky situation -- neil: did you as a world-respected anchor use the word icky? >> remember icky woods? >> the shuffle. neil: incredible. i get nothing out of this. >> sports analogies? neil: i have no idea what you're talking about. >> neither do i. i don't even know what i was about to say. the thing you could do is make it harder to borrow especially for middle class affordability would then become an issue and a

political issue at that. so it would solve the problem that you're talking about -- neil: it would, but we'd be less icky. >> it would create some new issues for the politicians. >> as the amount of loans and aid disbursed by the federal government has skyrocketed, so has the cost of college. i, overall, my tuition, my overall education at wake forest -- neil: why don't you just admit you were there on scholarship? >> no, my grandfather was cheap and saved every dime because he was a product of the depression, and he helped pay for my college. overall four years it was roughly $35,000. it's now about $200,000 to go to wake forest. i wouldn't have gone there, i should have gone to the university of virginia, and i shouldn't have majored in art history -- neil: but here you are. who's the walrus? there you go. >> but the pressure will be on the universities. the pressure will be on the leaders in those universities who have scoffed at complaints that it costs too much to go to college, and somebody's going to have to pay. neil: running almost triple the inflation rate.

connell, what do you keep doing? >> 6% on average per year it's going up. the inflation rate's, what, like 2? >> that's what i said, triple. neil: look at the time. are you guys coming back later on? >> no, not at this rate. >> yeah, you treat us like this. we'll come back with gifts. an italian gift, if you know what i mean. >> oh, more bakery products. draw a chart, will ya? [laughter] in the meantime, hillary's going to want to draw a chart on all those eager to race against her. why are so many looking for an alternative to hillary clinton? we think we know, after this. ♪ ♪ when a moment spontaneously turns romantic,

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>> i have no doubt when beau biden would urge his father and thought he would be a great president. >> i'm wondering whatever your emotional strings that pull either way, is it too late welcome the argument will be too

late. you missed your chance, what do you ?ainch i don't know if it is too late. at this point joe biden is seen as a reasonable at alternative you have hillary clinton every likability runs every time she is, and a joe biden known for his likability well within his party and potentially -- >> i don't know likability but despite all of the problems he isn't always reliable. i think you could argue he might be a swap and might be a more substitute at but dropping a big player. >> potentially when it comes to democratic player joe biden could be a more progressive candidate he led into gay marriage and came out front, and meanwhile hillary clinton changed her position on gay marriage because she's running for president so biden could be a more authentic progressive to the primary base on the left. >> that's interesting we'll

watch very closely now the issue has to be money, right where would joe biden get the money of course as a vice president, a great deal and charlie gasparino has been looking at that aspect. >> he has supporters on wall street and i know republicans on wall street that met him and a liked him. >> in delaware very corporate friendly state. >> i think couple of things would have to happen for him to be i think a serious sort of player and someone who is seriously can raise money. i there would be to be a further implosion of hillary clinton in some way. i don't think he's going to challenge at vice president who is in the administration who has been aa no, i didn'ted by the president not quite but almost anointed. >> do you think they're fearing so they have to have the backup candidate who is acceptable to mainstream election. that wouldn't be bernie sanders but could be -- >> that is the thing you have to

be living in a hole to realize that hillary clinton has tremendous, tremendous likability problems. this is not her first time at the rodeo you saw that economic speech the worst speech if television a bigger topic if it was about, you know, isis or something or terrorism vld have gotten more play. bad and most guarded person. you have to ask yourself where are you so guarded, tests too much. they have to choir. >> there's pressure too if you're a heavily favored candidate nowhere to go but down. >> but that heavily guarded when you appear guilty. she -- not saying she is guilty. she's acting like she's guilty. >> of what? >> of sleaze why so low? >> that she avoids -- doesn't have specific answers that doesn't make her sleazy. >> she looks like she's sleazy -- she looks like she's sleazy when you act guilty, people assume

that you are -- >> assigning motives there. >> we're effective on the stump is one. i agree on that. >> when you sit there and someone gives you evidence of quid pro quo and a involving the clinton foundation and you stone wall when you sit there and you have your own e-mail server and you destroy it and get rid of the e-mails or some of them -- >> here's where i will say a lot of democrats are getting nervous. they are getting anxious wondering if that is where joe biden comes in, we need a backup. >> but it has to go further. >> do you think it will go further? >> i've always said this, and if i kind of agreed with you on this. confidence does not mean something is happening just because she gives speech and a money comes into clinton foundation or she makes call and money comes doesn't mean -- >> people are going to do that, right -- >> but enough of that, and you find one e-mail that kind of

ties it together. and then you have a problem. >> you are a hater, though. >> no i'm not. >> to infinity. >> i like donald trump. i just think he's got problems. >> you mean president trump? [laughter] >> all right republican front run or, trump? >> he is right now in the poll position. there's a big debate on thursday. >> you going to be there? >> i'm going to watch it. >> i know people who have trump in it and a debate parties and people who would never watch a debate but because trump is in it and so provocative. >> every time they say pathetic or call someone stupid you do a shot. >> twitter goes down further to change the subject a little bit that is when it is takeover bait needing to go -- >> 12:30 is always a pleasure. >> misyou this weekend on the weekend show. not the same without you. >> at the race where is people

with pinky rings were bringing your name up. i don't know why. i don't know why. >> all right. all knew you for some reason. >> did you say hello? [laughter] >> there you go thank you very much. charlie gasparino keeping an eye on twitter to charlie's point closer to that level which it might be. take over, we'll see in the meenl time puerto rico on saturday had to make a debt payment. it did not. now you could argue that as the end of the business day it is not going to happen. you know the drill here. if you don't make a debt payment you are in default which would mean puerto rico is on verge of default. do you care about that? that's next.

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>> well, if you want to know where dow is off this is too

much of a good thing. you love when gasoline prices go lower but energy components when oil slips as it has better than a become and a half at two dollars to 3.47 a barrel amid that it could go under 40, and soon. well you can understand where there's pressure on dow and energy components within the dow even though this could mean good news for you because at least when you go to the gas station it is translating into lower gas prices there's a delay effect here. but right now, it is going your way. for now -- all right, something that is not going puerto rican's way is this debt mess on the verge of default on a $58 million that was actually due on saturday. but i guess adam shapiro in puerto rico they have until the end of the day or technically in default or is that just a poor conclusion? >> that's a a foregone

conclusion they have no way to make public finance bonds meal but the big question is there are millions of americans in the yiet have investments in unity bond funds and not aware that they have exposure to 50% of open ended funds have portfolios and questions investors need to be ask is next round of bonds that ar- due for payment september 1, and that's the highway safety traffic e-transportation bond nobody knows if they can get them to pay and be able to make the payments. we spoke to ben aisler he's a managing partner he's a bond trader and he says that these defaults are strategically designed to get people back to the negotiating table. here's what he told us. >> strategically defaulting on bond payments with less priority. you see the lawsuits start coming in, and that's going to force investors to come to the

table to negotiate. >> and so what you're hearing mr. aisle per and other bond traders saying that there's going to be a negotiation call it bankruptcy where congress allows puerto rico whatever you leak a negotiated restructuring, and moody said investors expect if they're lucky between 35 and 65% on bond 65 to 85% recovery. but next round of bonds are the highway safety transportation bond and we have the chief of staff here in puerto rico telling reporters this weekend that there's a liquidity crunch and no money in the first when they run out. neil sounds like they a already have. >> greece but much, much closer to home. former puerto rico governor lewis is call for puerto rico to be able to declare chapter nine bankruptcy. that would involve having the same rights that a number of

u.s. municipalities, cities have to declare bankruptcy. so they can reorganize their finances, right now puerto rico doesn't have that right. president is pushing it, many in congress are against it. >> well that's the only thing you think could save puerto rico. >> it was just one of many steps that have to be taken. number one step is for the economy to grow, and actually to obligations to control expenses. >> puerto rico can't seem to do that. >> the last guy who tried it is right here in the legal practice again. >> so not easy. >> what did you run into? a buzz every time you want to control pension and groat, public worker hiring now that's the stat isic control. >> but you didn't. >> actually, we tried it all actually expenses like 20%. it included payroll and many programs that were duplication, and more. anywhere in the world there's

duplication and there's fact. having said that, however, it is not but it has to be a combination, i would say of the underlying problem here is that an economy that in last ten years has seen only growth in year and a half between 2011 and 2012 other than that it didn't grow. >> between cuba and unites that adds salt to the wound because those who travel vacation or just leisure, now have another very big alternative also close to the united states. close up. >> you bring an interesting point. economy of puerto rico has historically been strong in manufacturing and secondly in tourism. to easy because you have a visa passport less than four hours away from new york extremely. so every american tourist want to visit at least once. that's just the way it is. however, the infrastructure may not be there yet.

so puerto rico has still a window, better use it properly, though. >> keep it as another rain forest you do. >> exactly. and we have a beautiful -- city. >> a lot of people -- in washington as a you know governor saying we don't afford the same rights puerto rico for a reason and they'll just under bankruptcy do something that other -- cities, states, have used to their own advantage. >> what i have hard some people in congress saying is that perhaps a chapter nine could be brought back to puerto rico they have that right up till 1984 like every other state. with strings attached. >> what are you -- >> a u.s. territory. technically speaking we're a u.s. territory. but with strings attached and strings may relate to budgetary controls perhaps. but we'll see what happens. congress is, you know, out of the seat for about a month now. >> right. >> puerto rico's life here.

>> see what happens governor a real pressure. >> it is my pleasure. again governor pointed tout might be semantics but end of the day puerto rico could be making not good on the payment and you know how that goes. obviously debt gets to status they have to fight with each other. it gets bad. all right in the meantime is apple about to do something new with something that is very familiar? at home -- maybe right near your tv -- after this. ♪ have you ever thought, "i could never do that"? have you ever thought... you just didn't have anything left in the tank? well - you do.

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given disproportion waiting within the dow 30, and s&p 500 it takes it on chin as oil prices are a buck and a half todays they take it on the chin and they lead stocks down. that an a the fact that we have a consumer report out today that shows shoppers slow down a little bit up two tenths of the latest. you have folks saying maybe this economy is running out of steam. i don't to overstress that, that fact of the matter is another report could prove just the opposite but this is what they're focusing on today that's just in the moment. all right in the meantime in the moment is this news that apple is planning to change apple tv that's that little white box you put next to your tv. you get, you know -- lick up your favorite movie, music it is going to upgrade that and streamline it. make it kind of cool to use, and maybe add a little 4k features in there. tech experts says whatever is the case that is actually a

secret jewel for apple. you forget that but we were talking in the newsroom about it today it is like unheralded cool thing that apple does, but it falls behind the pension given, the phone or a watch, or what have you. what are they planning? do you know? >> well, they have -- basically going to go into their own content production. so this tv thing is, you know, kind of an okay story leak you said, it is a little bit of an a incremental jump. but when they actually now produce tv shows or other content and stream to you it gets exciting fast. >> now, you know a lot of people hear that and they're thinking wait is this going to be -- the actual tv that always did rumors, on and off again that they were actually going to start making the tvs or working with tv manufactures? to take it to that level. do you see that happening? >> no. i don't think they're going to get into the lcd screen business because that's a brutal business. you have samsung there and a million others. what i think they're going to do

is actually have specific content like their own shows which they then distribute through the new apple tv. they're going to make it more interactive as well so you can interact with shows from their couch. >> all right. but now what would be appeal of that? it seems like a wrinkle i don't see anything new and splashy out of that. >> it is a little boring when you have a company this big, and they have so many things going on, it is very hard for them to jot do themselves. you're absolutely right. i think if you think about it, though, they haven't really been in the content business rights you never think of them as a studio but as a device guy. so -- for them it is a big deal. i think for us it is always going to be kind of like eh because they do so much. their the biggest company in the world hard for them to to beat expectations. >> wail watch very, very closely in the meenl time back to the dow as this loss accelerates here. exxonmobil and chevron two of the premier energy components

are accounting per almost a third of this at this point as oil prices continue to swoon. i know that might seem counterintuitive they say oil prices are down good. energy related -- you know related areas is going town for corporate america. that's got to be good but not good for the energy industry. a lot of guys has been laying off. keep in mind halliburton they've already announced shop cuts in 20,000. others announced cuts in vicinity of about 30,000. and if you take that with the wild cat in 100,000 with the energy sphere. now i know there's not a lobby for energy company when is they lay off people. but they're laying off people and they don't think this is a passing phenomenon. when prices go so lower, they don't have any questions. they get rid of people. they're getting rid of people and a lot of buyers are getting rid of energy stocks. we have much more after a this.

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neil: all right. donald trump making tom news over the weekend as he always does but specifically on what he said about taxes and what he will look for when he files his taxes. take a listen. >> you know he what? and i've said this many times so not exactly breaking news, i pay as little as possible. i fight like hell to pay as little as possible. for two reasons, number one, i'm a businessman. that is the way you're supposed to do it and put money back into your company and employees and all of that. but the other reason is that i hate the way our government spends our taxes. neil: you know, the thing for me that really rung them over the coals, can you pay he is trying to pay the least amount of taxes. and i'm thinking to myself, self, is there anything egregious going on here? a businessman that is succeeding and putting emphasis what

extract as much as he can to avoid paying taxes and doesn't like where the taxes go. probably echoes a lot of americans of any political persuasion feel, but i digress. in anyone -- if anyone in the irs is watching i only telling you what my producer said to say. gerri willis. is there something that he is missing that is controversial. >> if he is saying that he is trying to pay as little as taxes wouldn't say he is insane. paying least taxes you can. less than half the people out there pay any federal income tax at all. people generally don't have to but he does. he is doing the right thing because he will grow his businesses. neil: i was thinking mitt romney. if he said something like this early on, damn right. mitt romney was dealing with money he was already paying full taxes on. now his dividend-related income he was paying less but he was ripped over, a new one. >> i think if you disagree with him you're insane, i'm sorry.

just the case. of course we want to pay as little tax as we possibly can of the government is a leak sy sieve. i would pledge any dollar you lower taxes glitch it away to charity. i'm much better deciding how my dollar can be used to help other people if you want to make that issue than government is. they're terrible. return on investment, if they were a charity they suck so much of the money out for ridiculous things that don't count and pet projects in their home state before they help anyone. this makes me furious. neil: you say about the charity thing but not actually do it. that is how i would do it. charles, what do you think? >> the robin hood act, to your point is specious, you're saying we'll overtax in the name of the poor but the money doesn't get to the poor. >> right. >> take billions and distribute crumbs. >> right. >> to your point, ladies, reason did a poll. percentage of government waste by demographic. each dollar in tax, how much does the government waste.

smallest portion was 44 cents. that was postgrads. tea partiers said, they waste 65 cents. independents said 59 cents. republicans said 55%. everyone knows they waste money. the debate is how much they waste. >> i think numbers are low. i would go much higher. >> people like warren buffett you should think of the government as a charity itself. >> he is not leaving -- neil: not leaving hills money to the government. to bill and melinda gates. >> they should be efficient like anybody else. >> he is welcome to write the biggest check he wants to the irss warren buffett, we would show up with our cameras follow him to the mailbox as he wrote his check for extra five million dollars to the irs but he is not going to do it because he knows better. whatever. >> how about this? let's be honest. tax policy, under obama and perhaps under the next, if there was a democratic president wouldn't be about what we're talking about. we're talking dollars and cents. it is punitive.

it's a punishment. let's be honest. sold to the american public as punishment. that is exactly. neil: we have the latest polls on this very subject. 6:00 p.m., political polls this might come up. >> definitely we'll have them soon as they break. i think american public understands this. punishing the wealthy won't make me feel better. certainly in the past hasn't made my life better. >> no. actually if we're plugging, lovely teenagers on our show who are taking lighter side of politics, taking selfies of theirselves with every candidate in new hampshire, coming on with the selfies. they're adorable. just when you're down on the political system, there are people out there who still believe. we'll have them on, 4:00 p.m. >> i would say this, i have nothing to plug but i would say this, i've got a book on my bookshelf that says, 1001 tax deductions. there is reason people fight to save money on taxes because the

code is hideously complicated. >> did the author do any selfies? >> not that i know of, my friend. neil: same two women took selfies. >> they're adorable. they believe in the whole system. they're not jaded like rest of us. neil: that is nice. they better vote. all the candidates you're taking selfies with. to be fair and balanced. see what is going on at wall and broad. dave on that and energy bills that are he says still going to skyrocket despite what you're seeing right now. market for the moment would disagree with that sentiment. oil prices falling. exxon mobile, premier players in the dow are not agreeing with you. you see things differently. explain. >> well the epa has got its new rules out and ready to roll and they look like they will make utility rates soar and electricity generation in this country is no longer dependent on oil prices. so what you're see something

nothing but as candidate barack obama said in 2008, skyrocketing utility bills. and that is what, that is what is ahead for all of us in the u.s. next probably 15 years. neil: you're an he can psych pea yaw. what we're, encyclopedia. the epa plans to beef up emissions standards to whack them down by 32% by the year 2030 that will be very costlys. we heard from number of energy related ceos that will be expensive to do at time they're losing a lot of jobs. given what the energy front they're losing a lot more. how much of an economic depressant could this be? >> the studies have been focused on individual states. you can go online and find them. a coalition of utilities and consumer groups that funded big studies and that study for instance in my home state of colorado says those rates will be up 17%.

so after anrage utility bill of 300 or so dollars means 50 bucks a month extra going to the government to see no benefit coming back. that is a bucks spent on movies or stuff at target or anything else. i think it is coming right out of people's pocketbooks. there is nothing good there. look who biggest consumers of electricity, businesses an manufacturing plants, guess what? they will face the cost burden and looking to places like china where they're not playing by these set of rules at all. once again have reason to export jobs. it is a total economic loser unfortunately. neil: on these markets today, what's going on, do you think that is why, are people pouncing on this as an excuse to sell, a reason to sell, what? >> well, look i mean i think what you've got is an enormously energy unfriendly administration that is in place. to the the extent it looks like they're in place or their policies will stay, they know that they're just in for, you

know, for butt whipping after butt whipping in the energy industry. it will not be good for them. not going to be good for consumers. neil: average folks going to the gas station looking at low prices saying wow, we like this. >> sure. i'm not here advocating for higher gas prices. i got back from summer vacation, lord knows having low gas prices is good for summer road trips. so i think that's a good thing for consumers. to the extent it lasts. to the extent the epa and obama administration getting its hands on you they're going for your wallet. neil: thank you very much, dave. so the issue here, isn't that the epa isn't going to move. it is going to move, next hour 1/2 we'll detail how much it is going to move but is this going to cost a lot of jobs? for that matter if it costs a lot of jobs is it epa's job to do this? mark reynolds says it is not the epa's job to do it. how world gold says it is.

howard, begin with you. a lot of people say it is overstepping its bounds. supreme court cracked down on the epa you have to weigh the cost of what you're doing. you're not it. now the epa to critics point is doubling down. what do you say? >> epa sitting there saying this is necessity, that has to happen moving forward. and i think, looking at managing the costs, when they said they kicked it down, wasn't necessarily kick it down, let's reevaluate some of the costs associated with this. neil: you heard from industries cost are going to be astro mom cal. do you buy that. i don't buy that at all. neil: mark you say it is astronomical. >> we're not talking about actual numbers. we're government further coming in centrally planning energy economy. we retired 200 coal plants on eve of regulations coming in. president obama's plan is actually the least stringent of other candidates on other democrat side running. martin o'malley, hillary

clinton, bernie sanders are much more aggressive. this will hit the energy sector hard not just in the coal regions. they will be going after fracking, because they want to keep fracking same percent. we'll go after natural gas. it will make energy more expensive across the board. families will suffer. people on fixed incomes. we already had african-american civil rights leader protesting some of these policies. some of them have gone after robert redford for his supporting policies that would hurt minorities, the poor, seniors on fixed incomes. there is, on other side there is no negative positive climate benefit. neil: by the way, robert murray, murray energy, not a fan of the president. he will echo that. howard, the argument against doing this is that the coal industry has dramatically cleaned up its act. a lot cleaner than it used to be. elon musk and fancy cars are hooked up to your electricity, a lot of that is through coal. so the very people who are saving on environment are going to pay through the nose because

they're plugging into a service that is coal-powered. >> how do you figure they will pay through the nose? first of all, a lot of coal, you're right, it has been cleaned up. look, 70% reduction in air pollution over last 40 years but economy still tripled. cleaning up air and what is coming out of coal-fired plant doesn't necessarily indicate skyrocketing countries. neil: china take as pass. india take as pass. they made a commitment they will to along eventually but us, america the burden. >> not us necessarily, bearing burden. 84% of new energy this it country was clean energy. neil: china counts for most of the dirt and -- china is not doing anything. >> they have more population than we do. the fact it is not a job killer. there is twice -- neil: how do you know. >> twice as many solar jobs than coal jobs. neil: robert murray laid off 2,000 people in the last year. >> wind is growing at 30%. neil: what do you make of that,

very good point he mentioned, whatever jobs are lost in the traditional industry, let's say in coal are made up for in wind and solar. do you buy that mark? >> iea estimates wind is 4% of our energy. solar is .25 of one percent. so yeah, you could say growing in leaps and bounds but you're asking for less than 5% of energy to somehow cover all of these carbon-based energy regulations. not just coal. as i mentioned, this will eventually go after fracking. they're going after transportation sector. they're going after the oil drilling. it's a whole energy mix. we have obama administration officials like energy secretary, like the white house science czar who openly talk about cheap energy being a threat or -- neil: we don't know details of that. >> we don't know exactly with they will say. >> there will be no climate impact from these bills. that is according to. >> that is completely false. neil: wish we had time to argue. both argued points eloquently.

i don't think there is a great deal of middle ground. gentlemen, thank you very, very much. look what happened at wall and broad. a big selloff going on here largely on debate with energy because energy prices are collapsing. too much of a good thing weighing on dow. people read that, for the day, i stress for the day, maybe they're falling for a reason. there is a global recovery that is in question. that is a gigantic leap. but that is part of what happens when you have a big selloff. they start wondering is the world going to end? if it is going to end, why don't you catch it here on fox business first? we'll have more after this.

neil: welcome back. everybody, i'm neil cavuto. you're watching "coast to coast." a roast to roast stocks of almost all sorts getting hammered today.

a lot of it built on oil but my buddy gary k., would pass along, that is gary kaltbaum. that is his name. we call him gary k. 0% of the market already bearish, you have the apple situation -- 60%. applebee low a six month low. that is trigger for today's selling. who am i to doubt him. he is very prescient on market moves. apple stock has been swooning since the earnings report that disappointed some, particularly with the sale of that apple watch. with apple falling off and going through a six-month low, oil situation, concerns about the global economy and treasury yields back to four-month lows you know the drill, people are just getting out of dodge. investor bob witmer says correction is due, it is here. how bad does it get? correction starts typically with a knock of 10% off the highs. how long does that hold?

>> if you tell me exactly when the fed will come in and save it i will tell you how long the correction will be. i think market will be driven by the fed. since we're not printing money now, vulnerable correction of up to 20%. i can't imagine the fed wouldn't come in after 20% correction. neil: 20% would be bear market. obviously that is something we've not seen. we've not seen a correction of 10%. so i know people like you have been reminding me underneath the market or averages we have a bear market going. that most stocks are well off their highs. at least 10%. think close to half, off 20% off the highs. oil issues first and foremost among them. but, how far do you see this spreading? who gets gored here? the. >> i think you will continue to see blood in the oil marketplace. i don't think oil's drop is over. let's face it we were adding to inventories during the summer driving season. that tells you when the driving

season is over this fall you will have probably even more carnage there. i think oil will lead the way in problems. again the whole market i think is in trouble, people trying to solve problems. people are skeptical getting how much china is growing. neil: how much do you put on this is just technical factors or this stuff or dollar story, a global slow down story and that is worrisome for the world's markets. >> i think that is a lot of it. remember awful lot of demand came from china since the 2008 collapse. with that slowing down, a lot is slow demand and production is still rising in places like saudi arabia and iraq and even like the u.s. you have imbalance not going away real soon. neil: smart people like you always remind me, one day does not a trend make. these gyrations could be reversed tomorrow. year-to-date these markets are so fairly flat but you expect that to change, right? >> i do. i think it is just a matter of time.

we've seen the market follow lack of money printing or increase the money printing, not so much the economy or earnings and i think what we'll find there is just a matter of time before this starts to go down further. i think right now because of all the external events we talked about, now getting close to that time. neil: bob, thank you, very, very much. we'll switch you to what is going on, rick perry the, former governor of texas is holding a business roundtable. of course he is hoping to get in on the big debate on here. a lot of people are saying, rick perry is much more ready than prime time than he was four years ago. obviously done his studying. he is ready to take the battle to donald trump if only he will be given that opportunity and that chance. we'll know tomorrow, a little more than 24 hours a way, whether he makes the cut of 10 candidates in the big prime time debate. apparently it is on fox. apparently this is a huge deal. that is what bret baier keeps

telling me, neil, it is a huge deal. which it is of course. don't get me started when fox business hosts one. that will be a big, big deal. the look what we've got going here on corner of wall and broad. we've been talking about the selloff. in middle of this you have a talk of a company eventually going public that still could sport a valuation north of 5$1 billion. it's name is uber. yes, uber. after this.

everyone loves the picture i posted of you. at&t reminds you it can wait.

neil: all right could be a case of bad timing. just as you're reading this morning that uber has a valuation north of $50 billion we have a big selloff here. yet, that valuation still holds, if and when it comes to the market. charlie gasparino has been

following it closely. that is almost a perfect scenario. lots could go wrong with that, right? >> yeah. we should point out a lot of people think it will come public later this year or early next year. a lot is market timing. if tech stocks, tech stocks are off today. apple is off. twitter, as you reported earlier, below 30. if there is some sort of a correction in the tech area then -- neil: good-bye uber. >> they will wait until the ipo. other thing you realize when you keep interest rates this low, this wrong, people do crazy thing with their money or put a lot of money in uber, maybe overvaluing it. i will say this, a lot of people are very high on the company. neil: this is taxi alternative service and caught a lot of cities like rage. >> people like it. i've used it. here is the negative -- neil: driver didn't recognize you? >> yes. i always want people -- to talk

to me about neil cavuto in the car. in new york city which is a huge market for uber there is something called the taxi industry, in order to pick up a street hail you have to have what is known as medallions. you buy it from the city. that gives you exclusive right to pick up someone on street or instantaneous. uber is crashing in on the market. there are lawsuits essentially say, uber what they want as settlement a lot of money from uber to pay them off. these are the taxi industry. both taxicab drivers and the banks that finance those medallions. they would want money or want uber to wait ten minutes. which, nullify the notion that uber is an instantaneous thing. neil: uber is popular with just travelers, right? >> right. neil: they feel can get a car when they want. >> here is the problem in places like new york, every city and jurisdiction is different. new york has monopoly here, created by government. it is called the medallion. in order to get straight hail

you have to pick up a medallion. new york is wrestling with it. we're the first to report it. how city hall out comrade bill de blasio will deal with it. neil: mayor. >> uber is very capitalist company but run by people that believe in the fry market but you know they have all these democrats that are lobbyists. so comrade bill goes back and forth. neil: mayor de blasio. >> come mayor, mayor comrade de blasio. neil: don't we, don't we, they're aware that it's a popular service, it is loved in this city. >> but it isn't law. neil: but they have been facing that law for sometime. >> this is why i kind of come out, i understand comrade mayor de blasio is like, schizophrenia on issue. on one hand he wants to protect taxi limousine. neil: there is no sympathetic lobby. >> street hails is exclusive

right is medallion owner. on the other hand, people love this service, service is really good. people love to uber. i went up to the bronx one day, picked me up five minutes, drove me up to the bronx. neil: you weren't even going to the bronx. >> that's true. they take you places you don't want to go. no, i went to a very, very good pizza place, patricia's in frog's neck. where my cousin grew up -- that is my cousin right there. neil: pizza place says, double pepperoni is all done. >> uber took me up there. best sausage and broccoli rob pizza place in the world. neil: you took uber car to get pizza. >> i eat pretty good. every now and then i get a little crazy. neil: i did that one time. connell knew a great arugula restaurant. >> look how skinny he is. neil: do you know tomorrow he is his birthday. >> 38. neil: 18. >> he keeps lying he is millenial. he is not. neil: older than we are.

like dorian gray of finance. >> a lot of commentary on our last bitter boomers when i was in saratoga. neil: he lost it. in a good way. >> people who, older men with pinky rings love that segment. neil: older guys with pinky rings, also love connell. >> no. neil: no, no. honey, what they meant to say, a lot more coming on. chris christie is in a heap of trouble with the teachers union. if he wasn't already. i'm going to sort through the details. suffice it to say that the teachers union is calling chris christie to resign, not running for president, resign his governorship in new jersey. it is that nasty. after this.

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neil: we're just hearing from house republicans. they think they have enough votes to disapprove the iran nuclear deal. it would take 218 votes to be simple majority. they need a lot more than simple majority. they say they have 246 votes. they really need 2/3 vote to override majority, 288 votes. they're well shy of that. no surprise the votes are there to reject the deal. reject the deal in the united states senate where they need 67 votes to override likely presidential veto but they're not there yet.

the irony will could have the united states congress, that is both the senate and house rejecting this nuclear deal but not having enough votes to override a presidential veto. this will be hailed across the world as u.s. lining up in favor of a deal that was rejected by congress but not enough of a margin in congress to stop it. which is kind of wired. also, kind of read, infamous punch in the face comment attributeed to one new jersey governor chris christie when it comes to the teachers as union of the take a look. >> the at national level who deserves a punch in the face? oh, the national teachers union, because they're not for education for our children. they're for greater membership, greater benefits, greater pay for their members. and, they are single-most destructive force in public education in america. neil: was interesting about this, jake tapper, great guy, he

worded it, became italian in that questioning line there, if you could punch somebody in the face, who would it be? >> yo, i'm not saying that. the saying that response is played in the media if chris christie wanted to punch media in the place. he was responded to a question worded that way they would be deserving of that. i don't like italians dragged down on punching issues. liz macdonald, former new jersey mayor steve lon began on that message. mayor, you like what he is saying. >> with the governor 100%. neil: not punching people. >> not people. the union. if he said i want to punch the republican congress in the face or the koch brothers that would be fine with the teachers union but he pointed to a organization most important and blocking advancement of education in this country. every word he said was correct. i'm with him on this 100%. neil: wow. what do you think? >> randi winegarten, the president of the american federation of teachers is twisting what chris christie is

saying. she is essentially saying this we'll show randi winegarten on the screen. she is saying essentially the biggest issue of chris christie he is a bully. from reneging on promises to fix pensions and his state's junk bond status. she is saying anger management issues would threaten mostly women of culture of violence lacks temperment. making it personal like chris christie wants to punch individuals. neil: i'm positive i did at outset. mayor, to your point, whether he wants to pun of them in the face, they as union, governor saying as a union they have it out more to be interested in looking at themselves than kids they teach. >> it was figurative comment. you know what? they're way too up tight, randi winegarten. especially new jersey, they are the cartel biggest barrier of advantagesment of education of people in new jersey where camden, newark where we failed

generation students. the governor is 100% right. i understood what he meant. randi winegarten should lighten up. >> he is trying to stop the political slush fund which he calls it, forced union dues, teachers's pay which the union then uses as he says, a political slush fund. they don't like he wants to end tenure. they don't like he wants merit pay for teachers. that is what the union is opposed to. they don't stipulate that when they go after chris christie for making comments. >> good argument making new jersey to right-to-work state, forced from the union don't have to be forced into the union. that would be the best punch in the face. neil: governor notwithstanding do you think he botched a key moment to work in concert with them by reneging on an agreement to make good on a pension payment after they had made concessions? they will never negotiate with him on anything. >> neil, we had this discussion before. you're right, he did in terms of course of negotiating he messed up on trust.

neil: he shouldn't agreed he did have the power to do that. >> they did. that is not issue. when you sit at negotiating table you can't trust him. okay to be tough negotiator but you need to live up to the word. the problem the governor has right now, only two years left in the administration and has not gone far enough. maybe this will inspire him to go even further. neil: he tried on these and other issues and dealing with -- >> neil, i heard this over and over again. on other hand he talks about how he reaches across aisle with democrats you can't have both ways. are they working together or fighting them? i'm not sure. >> scoring political points on tough on unions what they would have wanted is higher taxes for anybody else he can get a spot in the gop debates with those rallying points. >> which is a close call as we come into the homestretch. neil: very close call. we'll know tomorrow i think close to this time, no, 5:00 p.m.? we'll know tomorrow whether he makes the cut of top 10. you didn't hear it from me. >> this might propel him in the

top 10 this. is trump-like debate. neil: did you know there was debate on thursday. >> i heard about it. neil: senate is voting to defund plan the parenthood. many argue that says that won't go farther than this vote. we have the sponsor of the bill who says don't bet on that. he is here after this.

>> it is time for the fox business brief. i'm connell mcshane.

we're in selloff mode as the bottom of the screen indicates. take a deeper look why. we'll brief you on a couple well-known companies beginning with apple and the 2 1/2% decline. lowest level for the stock since early february. if you want to get technical as i'm sure you do, apple crossing below 200-day moving average. first time in couple years. the technicians, chart watchers say it is not good especially if it closes below that mark. it could be in trouble longer term. it is down 10% from the closing highs. this is already correction for apple. bottom line apple is not doing well. neither is twitter. lifetime low as it continues last week's decline. not like any big news. user growth number wasn't so hot. the stock continues to sell off, down almost 6%. back with cavuto coast to coast. a look at broader markets. dow is down 172 points. 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? neil: welcome back, i'm neil cavuto. in case you think it is just republicans that want to stop parenthood from getting federal fund each year, senator joe manchin wants to get the government out of the business sponsoring plan the parenthood. john bozeman is sponsoring that effort. so, senator, what is your take on how many votes you will get

in favor of this measure? >> will, that is good news to hear that joe is going to be with us on this i think there will be some other democrats also. i think it is going to be very, very close. so we'll have to wait and see. i know there is a lot of, a lot of effort being expended right now to sway others to come and defund this group. this group has views that are just out of touch with the mainstream regarding abortion. so i know people of arkansas are overwhelmingly in support of defunding them, moving dollars for women's health into the community health centers where it belongs. neil: now, folks will say, even if you muster those votes and get substantial majority we get back into this idea of a veto-proof majority where you wouldn't have the votes there to totally defund it. this is at best, theater, albeit powerful theater but doesn't go further. what do you say to that? >> i think it's a step in the right direction. i think the discussion we've had on this show really throughout

the media in general has been very, very positive, exposing these folks for who they are. this is a group that the most common adjectives i hear discussed, sickening. again, not only among pro-life people but also pro-choice. they have clearly crossed the line morally and ethically. we'll have to see whether they have legally. neil: do you think legally -- when the back and forth about selling fetus parts and all of that, i mean technically that is not the role of this organization. that would be illegal. what do you make of that? >> i agree, i agree completely. we'll have to wait to see what the courts say about that and i think there is going to be a healthy investigation regarding that. so we'll have to wait and see. i feel like they crossed the line. neil: you don't buy argument people that supported planned parenthood, does a lot of things for family planning and women and looking at, to see if they're emotionally prepared, all other stuff it does. >> not at all.

again we can get that done in community health centers. i have a 10 week old granddaughter, with sonograms you literally see the little ones the size of a sesame seed up until birth. what is sad, these little ones might be sucking their thumb literally moments before this part or that part was crushed in order to get liver or kidney or a pair of lungs intact. that crosses the line. neil: all right. senator, thank you. i look forward to the results of that vote when it happens. always good having you. >> so much. neil: senator joe man can chin will be my -- manchin, will be my guest on "your world" on fox news channel. iranian vote, that math is looking dicey as well. we have big selloff on wall street. 173 points. apple selling off. technology selling off. apple at six month lows. we have solar flares looking

forward to and something we'll likely get no more than 12-hour warning. if this isn't biblical, i don't know what is. then again, this is not biblical. i don't know what it is. after this.

>> not quite the fox debate. fox news's molly line how well a lot of candidates are testing messages ahead of that big fox debate in next couple days. molly? >> reporter: hi, neil. here we are heat of summer in first-in-the-nation state new hampshire, first voting state, new hampshire.

ahead of forum. candidates are doing retail politicking this is earn certainly the place for it. we had a chance to check up on rick perry, working small business community meeting with the greater salem chamber about commerce and touting his record on job creation and his experience managing the quote, 12th largest economy in the world. later today ohio governor john kasich and new jersey governor chris christie will be making stops, out there shaking some hands. one face we will not see of donald trump. declined to participate in the forum tonight according to the union leader, debate sponsor. that paper citing a letter they received from trump claiming declined because he is unlikely to get the paper's endorsement and he also feels there are simply too many people on the stage to have a proper forum. tonight's event which follows about two dozen cattle call events across the country drawing the gop contenders together, will feature 14 people in all on that stage. neil, we will be watching and listening and bring you highlights. back to you.

neil: molly, thank you very much molly line. one of those entrants, rick perry will be our special guest. governor perry feels emboldened and feels more than able to goman know eman know against donald trump. we're ready for solar fairs and flares that could wipe out life as we know it on planet earth. okay, not really. i got your attention, didn't i. i told you not to go away. some of you did. they are expecting very severe flaresoccur on the sun but we wouldn't give our astronomerrers/friends, dagen mcdowell and connell mcshane, playing role of werner von braun with germ man accent to determine what is going on. what is the deal with these very bad flares and they will disrupt all sorts of stuff. >> if you do a nerd story go to the person that looks like a nerd. so connell takes the lead.

neil: connell what will happen. >> scare the bejesus out of people. >> neil, foremost panel of experts than anybody on television. neil: what will happen? what will happen? >> well, what did happen back in 1859 as you remember -- neil: don't say as i remember. you assume i was physically there. >> i didn't think you would catch that. carrington event was time we had major solar flares, they knocked out telegraph which is best technology. what could happen, our gps could grow. the power grid could have a problem. neil: how long would this last thinking if it happens? >> could knock out parts of the power grid for days, if not weeks potentially, depending how significant radiation was. neil: atms? >> wouldn't get a big warning either is the other problem. neil: it is possibility you work with, businesses and countries work with nasa and other space agencies, you build up redundancies in the power grid. that is what we need to be

looking at. you want me to really scare the bejesus out of you. >> why not. >> scare the pants off of you, as if you wear pants -- neil: incredible. >> the article in the new yorker is about an earthquake -- neil: quoting the "new yorker"? >> because, an earthquake will destroy a sizable portion of the coastal northwest, seattle, and portland. the question is when, period. we're talking about one that is potentially bigger than the one in 2011 and tsunami. neil: we know a severe flair is coming or flares. the question is when? in this case we wouldn't receive much notice. >> exactly. we would get hardly any notice so how do we prepare for it? redundancies in the powerrish grid. neil: they never know how to deal with it. >> called, candle, flashlights and -- neil: cellular disruptions come and go. i'm told this one might not be so fast or easy.

>> if it disrupts to serious, power grid, gps, that could ruin, make a bad day, put it that way. weather.com story lead was kind of interesting, anytime they start a story- neil: what are you doing online? >> reserving this story. checking the forecast. anytime they start a story, there is no need to panic and comma after it -- panic, run for the hills. >> what do you do though? you just prepare for the unexpected. you need to have a kit, not making light of this. you have to have a kit in your home with flashlights and batteries and potable water and like. we've been through blackouts here in new york during hurricane sandy. and people weren't prepared. neil: won't share what which did during the last blackout, not here, right. >> what? neil: we'll take a quick break. >> i washed my hair in the commode at fox news. neil: who doesn't. we'll take a quick break. we'll take a look at chart of the day. latest flair activity. >> what? >> flair activity. >> where?

neil: we're on top of it. if it is news to you, remember it is news to us. we'll be back. ♪

>> all right. i just want to bring you up to speed to kind of tell us the whole story. what's going on here today. and you know me. i'm not a big believer on charts unless they just sort of dog tail brilliantly. and this pretty much sells it all. it's the lowest we've seen looking at copper. now at the lowest level we've seen in six years. these lows continue to me -- oil goes, copper goes. now, i think, connell what this is saying is this acommodity development. >> right. but we don't know how the solar flare will affect it. >> we don't know that. >> now, you had the opportunity because it will be your birthday to pick up any news brief item you wish. >> really? >> yeah. >> great. >> anything you want.

>> wait until you see this. >> yeah. very easy to please on this sort of stuff. already got his charts in order. but that's where we stand right now. big selloff going on. be careful what you wish for because what might be amounted to you might be a big problem for others. trish has more. trish: hey, welcome, everyone, to the intelligence report, the president wants you and me and everyone else to pay more money for electricity. he is about to unveil new rules that would require u.s. power plants to cut emissions more than being hit by a win by environmentalists and a loss by consumers. and let's get a live look from the white house and the president is going to speak any minute. he is calling his plan quote the most significant step the u.s. has taken to fight global warning. we'll be monitoring that speech and bring them to you as soon as they cross.