are they going to try to bring that here? >> and the woman, carly fiorina, the only republican candidate says that it's progressive policies that are holding women back. >> also today marking a big day for social security, turning 80, how much longer will it survive, our panel looks in on that. >> let's have a look at where the markets ended today, all three major averages ending higher for the week. thanks to a late session rally. you've got the dow up 71 points, the s&p up 8, the nasdaq up 14, i think investors were happy, europe approved the latest bailout, and thought that was there a little bit of overreaction to the chinese devalue. >> it looks like everything settling in. while the market settles in, oil prices hitting new lows today. breaking as low as 41.35 a barrel for the week, crude fell more than 3%. but the good news goes well beyond the pump. oil is the oxygen to isis.

recent reports with the islamic state gaining chemical weapons, we need as much ammunition as we can to defeat them. joining me now connor from jerusalem. what's the latest on isis? >> david, the pentagon still investigating this trying to gather more information. but multiple defense officials telling fox evidence, there's credible evidence, that's their words, using chemical weapon, likely mustard gas against fighters in the past few days. the attack took place in northern iraq. the number of victims appear to be fairly low but no reports of any deaths. but several dozen american fighters have blisters on their body consistent with the use of mustard gas. boston have been accused of using chemical weapons in eason years. not clear where they would have got their hands on this batch of chemical weapons, they could have gotten it left over osama bi saddam hussein,

and more the larger question, though, is really what happens next. given the obama policy that they don't want to get too deep involved in syria, it's unlikely that this incident is going to change the obama policy towards both isis or iraq or syria. we're looking probably at a continuation of u.s. air strikes, coalition air strikes, david against isis and both and i can be syria, and then continuing to work with partners on the ground, which so far has not had much of an effective with isis. >> more of the same isn't doing much. connor, thank you very much. i appreciate it. lori. >> well, scary stuff and then there's this. new dramatic video shows us more on the moment of impact when explosions rip through a warehouse, killing dozens of people. this is in northern china. a chinese firefighter who was trapped for 32 hours in the rub he will has now been found alive by rescuer workers. according to officials, 17

firefighters are among the 50 who have been killed in the explosion and 13 firefighters remain missing. one of the world's busiest ports, one of the top imports of cars to china. major corporations, including airbus, deere, walmart, all have distributions in this area. a spokesman for deere said several of the workers have sustained injuries. >> the financial crisis. a reunion tour of sorts, former treasury sector gathering for the first panel discussion since they left office. this is all part of a mystery class at the yale university in how to make choices in the middle of a war, according to the wall street journal, the audience was a global grouping of government officials who just might have to respond to another financial crises in the future. >> bite your tongue.

>> it could happen. >> one never knows. in any event, michigan's attorney general demanding answers now from the bp why the nation's largest refinery was shut down. causing gas prices there to jump 30 cents in some places while analysts continue to warn drivers to brace for a bigger bump at the pump. garrett with me on this. >> yeah, lori, you can hear the blue angels flying over right now, that refinery does produce jet fuel as well, jet fuel has not been affected though. the problem is it's one of the largest in the country and the. >> that is right. >> country. so with this partial shut down due to some unexpected repairs that are needed, you have gas stations all across the midwest that relied on this refinery to get their fuel. now they are left scrambling for it. this refinery if produced 19 million gallons of fuel a day now all of these cars across the country are feeling the pinches drivers come to

the pump and really they say that this could just get worse. >> it's sort of like drop an atom bomb on the midwest and going to spread to other parts of the country and cause a lot of problems going forward. >> prices over the next week could jump from 50 cents as high as a dollar. and going forward, it could go up even more depending on how long this lasts. lori. >> all right. fox news garrett, we've been talking about cheap gas prices across the country, so this is the first -- >> meanwhile politics details hillary clinton's private server, one deemed top secret, including a u.s. drone operation. that's according to a report from the associated press. fox business blame berman is in dc, the more we hear about this, the worse it is for hillary. >> we can tell you that the associated press is indeed

reporting the top secret e-mail the intelligence committee says passed through hillary clinton's private e-mail server, including a news article detailing a u.s. drone operation. they're citing u.s. officials and add that it is classified after discussions with the cia. however, the fight of the status for the classifications continues. senator dianne feinstein who has endorse clinton and is a senate member has come to clinton's defense. she released this statement saying quote first none of the e-mails alleged to classified information were written by secretary clinton. she goes on to say none of the e-mails contain classified information including any markings that have content. the top secret e-mails were not marked but added it would have been obvious to the receiver they should have been treated in that manor.

as for her private e-mail server, that housed it for two years, told the washington post its blank. clinton's campaign in iowa later this evening a couple hours from now so we will soon see if she addresses why that server is blank. david. >> yeah. and where the information on the blank server went. there is a third server involved in all of this. blake, they very much. >> i can't wait for this. grab your deep fried butter on a stick. yes, we're headed back to iowa state fair where presidential candidates are taking to those famous soapboxes to take the messages out to the voters. >> i have never had fried butter. some day. we heard about the republican war on women so called, well, progressives have their own war, carly fiorina challenges the status quo for working women. >> and i even heard bruce lee of weather. el niño, this time could bring

monster storms to the u.s. we'll have a live report from the fox weather center. just ahead

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for all the confidence you need. td ameritrade. you got this. >> well, she is the only female competing for the republican presidential nomination and now carly fiorina is challenging what she calls the status quo for working women. listen to what she told our own today with mornings with maria. >> war on women, i don't know i'm a woman, i haven't felt that war on women and yet when you look at women in china the progressive policies haven't done much for them. >> well, in fact, progressive policies have failed women. just as they have failed the african-american community. just to put the facts on it, african-american use unemployment, for example, is worse now under obama. more women have fallen into poverty under president obama, record numbers of americans on food stamps, record numbers of americans who can't find the jobs they want.

progressive policies are failing. >> fiorina's stands against progressive policy may be striking against voters. she's quickly gaining ground in the polls after her performance at last week's debate. >> yeah. voters don't seem to like political correctness right now. meanwhile jeb bush stepping up on the famous iowa state fairgrounds soapbox today. many of his rivals also making their way to the fair fighting it out for iowa's attention against a cow made of butter. yes, they have to compete with that. chief political correspondent is at the fairgrounds in des moines with the very latest on the soapbox derby. carl. >> former jeb bush was the first through the gates for the candidate parade today. and for the moment he arrived flanked by the republican senator from this state charles a long time veteran, the first woman elected in office in history, he was mobbed by reporters,

absolutely mobbed. jeb bush has slipped in the polls considerably, donald trump, ben carson, and a whole bunch of other candidates have eclipsed him and taking a backseat. and rick, who is the reigning president of iowa, he'll speak at the soapbox tomorrow, but he was shaking hands and talking about how it feels to have been right so often in this republican conservative race. watch. >> a lot of cars in the showroom right now, and i think people are spaying attention to who is hot and attracted to that for a moment. but i believe sort of summer romances tend to be a flooding thing. and what happens in august, if i learned anything four years ago, stays in august. >> he should know. he came from very, very far back in the pack and got his sort of momentum surge right about this time and creeped

into the lead and actually won the iowa caucuses and what amount to something of a recount because for a nanosecond there, folks thought that mitt romney won. as for bush, he's downplaying the polls, downplaying donald trump, and he's downplaying summer politics didn't i that he's participating in it saying that this sat long haul and it's still six months away and iowa voters tend to wait and make their decision. listen. >> the president has no strategy, and hillary clinton has no strategy. their strategy is to say that it's somebody else's fault. it's time that we had a president that accepted responsibility for the duties of the presidency. if there's a problem, don't say the dog ate my homework, which is what we hear all the time. accept responsibility to fix it. that's what leaders do. >> and in the case of jeb bush, the would be leader is getting questions about what does he do about trump? and he's over and over again saying calm down.

at one point somebody asked him a question saying, hey, don't let your head explode. he knows he has some differences with folks here in iowa, but strongly believes that even though the caucus is strongly with christians, that ultimately there will be the remainder of the republican vote. this is a swing state and purple state in the general election and there are a lot of the voters who don't participant in the caucuses. jeb bush is trying to see if he can, in fact, realize what he joked about when he first first thinking about running if it's possible to lose the primary and win the general election. he never expects to actually win here, he wants to quote do well. earlier does think he has to win in new hampshire. to doing well in iowa means in the top three and right now he's not. >> well, you can't count anybody out. thank you, carl. lori. >> okay. we have breaking news for you. we are getting the latest look here on how warren buffet is positioning his investments in his latest rather filing.

we are learning that he has increased his stake in charter communications, and also eliminated his stake in gas 66 and we're going to learn more about his investment strategy. in the meantime diplomacy for show. that is the criticism that secretary of state kerry reopens the embassy in cuba today for the first time in half a century. pilots say they are spotting more drones in flights raising big concerns about ouch, mid-air collisions dent. for those breathless moments. hug loud. live loud. polident. number 1 dentist recommended. can a a subconscious. mind? a knack for predicting the future.

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get excited for the 1989 world tour with exclusive behind the scenes footage, all of taylor swift's music videos, interviews, and more. xfinity is the destination for all things taylor swift. >> and we have this update for our top story. a u.s. official telling fox news the agent used by isis

fighters this week was homemade and did not come from the stash chemical weapons in neighborhoods syria. okay. the officials said mustard agent is relatively easy to make using the internet as a guide. our panel will weigh in coming right up. >> meanwhile history was made today for the first time in more than a half century. a u.s. flag was raised over our newly designated embassy. in havana, cuba. but will the diplomatic change anything? also a fox news contributor, ambassador, i don't mean to sandbag you on this, but we just had this breaking news that, in fact, the mustard gas looked like it was homemade by isis, as former ambassador of the un, doesn't the un have a commit to chase down people who use mustard gas? >> well, there's a chemical weapons convention, but of course you have to be a party to it to say you're got an use

chemical weapons to be the subject of scrutiny. obviously isis is not a state recognized by anybody yet. but it does emphasize how terrorists and state sponsors of terrorism like to resort to these weapons because their deadly affects and because of the fear factor too. >> could it by any possibility bring together what we haven't seen yet, that is a totally unified coalition to go in and take out these monsterrous terrorists? >> well, it's long over due, but i've always believed it's going to require american leadership, i do not see that coming from the obama administration, i don't think earlier sees it as the kind of threat that it is. and sadly the affects are being felt all over the region. but not in the white house. >> okay. we got an embassy in cuba meanwhile today. is that going to change anything there? >> well, not really. this is political symbolism. it's pretty depressing because it's a concession to castro, american diplomatic

recognition means a lot to the fidel regime, cuban recognition to the united states doesn't mean a thing. now people will say, oh, have an american presence there we'll be able to work with people on the island, be able to change things. here are a few facts. number one, that embassy housed the intersection, the only thing that has changed is the name on the door. and the other significant fact, most people believe that before president obama acted, the largest contingent of foreign diplomats from cuba was? from the united states. so really this is truly a little more than raising a flag. >> okay. but on the other hand there are some business interests now, a lot of american businesses are interested in doing business with a country of entrepreneurs, 90 miles from the united states, cubans are actually born entrepreneurs, airbnb has gone in, they've got 1,000 listings now in

cuba, and google has gone down and looking for ways to get cuba connected to the internet. i know it will be censored, but isn't that a beginning for opening up cuba entrepreneurship. >> i use google, but do you remember the google guy in egypt was leading the pack and how everything was going to change? >> i do. >> let's forget google. the fact is the cuban government controls the foreign currency. so all these businesses will go down there and their foreign currency will come under the control of the castro regime. the actual economic benefit to real cubans will be very limited. . >> so will this weaken or strength enthe communist government there? >> i think it will strengthen the regime because it will give them assets at a time when international oil for places like venezuela to give them assistants that they've been providing the last several years. this is similar to what castro did in the 1990s when the soviet union collapsed and

that support disappeared, they opened up a little bit, they got their feet, they closed down again. and i think the reporting is overwhelming that since president obama made his move, it was gotten worse. >> yeah, and in january they released 53 political prisons as kind of an opening to this thing. and just four days ago, they rearrested 90 political prisoner. they arrested 50. nine steps forward, two steps back. >> a couple of other stories on our radar here. a safety inspector found no major problems with the roller coaster that struck ask skilled a man in ohio. james young the second entered a restricted area to look for his dropped cell phone when he was struck. no one else was injured. and they are spotting more drones in flight raising concerns of midair collisions.

so far the faa says pilots have seen drones 650 times up from just 238 of all of last year. they've been cracking down on those with fines up to $25,000 or jail time. and round two of the pga championship is leading the way, currently leading the pack is david with seven under par and superstar jordan spieth finished at incredible 67. and i can shoot a 67, in nine holes. that's my difference. >> jordan spieth is a great guy. all right. celebrating 80 years in social security. but is the program showing its old age? why the fun could run dry sooner than a lot of politicians expect. >> and then terrifying new reports on the islamic state. how the terror group got their hands, how they got their hands on chemical weapons, which we are learning are homemade. stay with us.at rates next it's a fact. kind of like mute buttons equal danger.

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we can help keep people safe; and to us that feels really good. at ally bank no branches equals great rates. it's a fact. kind of like shopping hungry equals overshopping. >> a nasa scientist says that a quote godzilla el niño could be coming to california. the el niño signal in the ocean is currently stronger than it was in 1997, according to the agency. now, those storms caused more than half a billion dollars of damage to the golden state. but things are a lot different now for california, which as you know are in a big drought. and chief meteorologist in the weather center, rick, california could use some rain but el niño?

>> yeah. their drought is so significant that it's going to take certainly an el niño likely maybe even a he willnine owes to make a huge dent. we'll take it, but we could use a lot, unfortunately, it's so dry. this is a look at the picture here according to the eastern pacific and this is an indication. you'll see temperature anomalies, it's above-average temperatures here, and when you see this warm water here across the coast, that's the signal that you get for an el niño. now, that's what it looked like in the 1997 el niño and this is where we are here. not as strong as it was at its peek, but we're a few months away from where this would peek in than winter. so we're going to see what impact this ultimately has. in the short-term, one of the impacts it has is it really decreases our hurricane activity across the atlantic. we get a lot more wind sheer, and that prohibits any development of tropical

systems here and that's what we've been seeing, we're behooving toward an active time and the atlantic is incredible quiet. that's good news across the coast. certainly don't want to count on that being the case. we could see one or two of those to pop up, but the other thing we'll watch, lori, fall, winter, maybe spring, down parts of the south, including areas of california. . >> all right. certainly use that rain. >> yeah. you bet. >> thanks, rick. >> well, it appears that isis has used chemical weapons on its enemies. u.s. intel officials are looking into a credible report that the terrorists use mustard gas against fighters in iraq. will they eventually use it against us? joining me now, rick former u.s. spokesman to the united nations also fox news contributor, fox news national security analyst and fox news contributor as well. katie, first to you, the breaking news telling fox news this stuff was homemade, it didn't come from assad's pile

of mustard gas. first of all, how do they know that? is there a way to idaho this stuff? >> yeah. chemical weapons all have a signature if you will, and we know what it looks like because we've destroyed some of it and seen some of it. i think this is more upsetting for a couple of reasons. it means the islamic state has set up a program to develop chemical weapons. they're not just stumbling upon them, they're now developing them actively. and the second thing is if the muslim or anyone who is a would-be jihaddist, they now look at the islamic state and say whoa those are the new guys, they now have chemical weapons, they're so much more powerful than al-qaeda, so it's a recruitment tool for them. and then finally the biggest worries if it's this easy for them to make homemade mustard gas, what happens if they bring this into the united states or can teach their

recruits how to do the same. >> and then there's also anthrax and a whole lot of stuff you can make homemade if you have the desire to do that. rick, i just had ambassador on, you used to work with him at the united nations, you know the un very well. is there any possibility that this might stimulate some action with isis, worldwide action against an uncivilized entity like isis, despite all the dysfunctionallity at the un. >> clearly what the united states said we would act if an entity crossed the red line of chemical or biological weapons. that's what president obama said. and we know that that's now happened, three, four, five times and yet there hasn't been any leadership from washington. so we look to the un to kind of say, you know, are you going to be outraged when it's islam on islam violence?

i mean what's happening right now when you have such an elevated attack like this, chemical and biological weapons are ruthless. they're easy to make, and it elevates the fighting to a whole 'nother level. this certainly should move diplomats around the world, after all if you remember the entire world basically became united against saddam hussein when he gassed his people. >> you have to go way back to the first george bush to see how the un actually did act in a war like that against an enemy. but the katie, the biggest fear for folks in the united states like most people were worried about an attack here. is this stuff transportable? could isis potentially get it to some of its agents here in the west?

>> well, you know, any of these chemical weapons, you can make them at home as you pointed out if you get the right ingredients. they can potentially make at home in the united states but the more worrisome is what if they're making this stuff some place else and then carrying it over -- >> in other words, if they're making it there and using it there, there's no reason to suspect that they're not making it here or some place in europe. >> look. the big achievement they could have, the big splash is they could use chemical, biological, or even nuclear weapons or dirty bomb in the united states. they said -- isis has said it wants to get its hands on those weapons. i think if you now see they're willing to use it, like a trial run. they're not going to stop there. their goal is us. >> okay. we've got breaking news. rick, katie m thank you both. >> thank you. >> and hillary clinton might have some new competition on the block and is that tom brady? the woman behind these

controversial sketches of new england quarterback in court is saying -- it doesn't look like tom brady. >> not at all. that's horrible.

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>> growing concerns over hillary clinton's e-mail scandal has many democrats look at other possible candidates. alternatives that include former vice president. fox contributor rich with us now. hey, rich. >> al gore are figuring out if there's a path for him to run for president. this is according to a report in buzz feed. however, a spokeswoman says there's no truth to that rumor still with the prospect of another bush, gore election, 16 years later speculation of gore's entry is an indication of democratic front runner's weakness. >> my first reaction was really? i don't know, look, he's qualified, there's a lot of

disarray in the democratic party when you have the front runner all of a sudden losing to bernie sanders and the race tightening to other places, i'm sure that people like joe biden and al gore are seriously considering it. but what do i know? >> hillary clinton's lead over her democratic challengers have narrowed and recent polls find her more unfavorable than favorable. although she has a sizable lead over bernie sanders in the latest fox news poll. nationally she's up there 51 to 22. still there's increased focus on joe biden. one democrat says that late entry could make it more difficult for the vice president to capture the nomination. >> there is a lot that you have to do and that's not to say that it's -- we've seen other candidates that got in late, we saw rick perry, he got in relatively late years ago, fred thompson got in

late, they didn't fair very well, they weren't prepared, they didn't have an organization in place. >> he also points out that former president bill clinton waited until october in 1991 to announce his candidacy for president in the 1992 election. >> a lot of stats for us. thank you so much. let's get into it. so is hillary's campaign in trouble? let's bring in our panel to react. christian is a vice president at advisory and kristina schaffer and forbes contributor as well. and strategist and finance director of the dnc. thank you all so much for joining us. and it seemed that can just yesterday nobody would even think about or talk about even jumping into the democratic race because everyone just right or wrongly clearly assumed that hillary had it locked up. your reaction. what happened? >> absolutely. yeah, no, i mean suddenly democrats are entering panic zone i had read earlier today. i mean part of it is that it

brings back, the fact that politics is all about controlling the narrative. controlling that flow of information and for hillary, it's been a constant one sighted sort of brog against her in terms of the scandal, so she's facing trouble and i think democrats are scrambling. >> are we growing weary of hillary? do you think that's why some of these other current and former vice president's and bernie sanders as well are now kind of testing the waters trying to make good on the opportunities if that's how they see it? >> i think that's a huge factor and, you know, there's a real chance in this generation that we will finally pass the torch from the baby boom generation to the next generation. incidentally, it was bill clinton, and since then they have scandal after scandal after scandal.

and biden is a real risk to hillary because he could come in support of president obama. the obama's and clintons never got along and if the best chance is to succeed, then look out for the democratic field. >> but, david, let me get you to comment on biden jumping in here. >> glad to. >> he's got the notorious gas. >> i'm sorry say that again. >> as far as joe biden jumping into the race, our memory may be a little bit short if you consider all the gas,. >> i'll leave that to you and maybe the other on the panel. i would first like to say that the democratic party is in disarray or is scrambling when we just saw the debate, the republican debate on fox news and you have 17, 16 candidates chasing donald trump who has never, ever served in office

before or won office. >> we're not there yet. >> talk about the democrats. >> here's the biggest thing is it takes a long time to put a presidential candidate, campaign in place; right? iowa is in six months, not that they -- vice president bind couldn't do it, but a lot of the decisions seem to be made very quickly in terms of getting that apparatus in place and getting your fundraising in line. and, again, he has the upper leg so to speak. but the decision seems to happen sort of soon. >> do you think -- let's bring in back to you, christian, these scandals that catch up with the fbi, there's nothing on the server, this thing keeps getting deeper and deeper. >> that's right. and what she has done is a whole lot worse that than what david did. and it will be a real tall tail if the obama's are fed up with hillary if you see the fbi moving to a deposition of hillary clinton. if you see them seizing more evidence and the idea of that who the woman was the democratic front runner in

many ways still is, could be under fbi criminal investigation. indeed could be entitled. is major. disingenuously going back -- >> first of all, -- >> a lot of people on the speculation. >> a lot of speculation. >> guys, you don't have the time, the democrats. who do you favor to win the democratic primary? >> if i could just say that, first of all, biden is not going to make a decision on running for office whether or not -- >> you guys aren't answering my question. >> okay. speculation, that the candidate -- nominee is going to run into a scandal. that's fabrication, it's all by you guys and that's not true. >> what did the fbi say? it's an investigation of felonies. >> he's going to run, he's going to do it based on his family, he's going to reflect on the other two times that he's frown presidency and whether or not like he's done for 36 years in the senate and served seven years as vice president.

whether or not -- >> okay. >> you can evitabilitily govern as president of the united states. that's what you base it on. >> i've got to let it there. let's not this go further. thank you, guys, so much. appreciate your insight. always fun to have a lively discussion. we'll call it that. >> yeah. it is. now something really important. tom brady like you have never seen him before. the courtroom sketch and deirdre is going to be talking to the sketch artist, i saw this picture, and i couldn't believe it when i saw it. >> i know and you are certainly not lone, david. i'm going to read you a quote from usa today, it looks like brady's face was put in one of those machines that crushes cars. that was the edi editorial review and she says listen i'm on a very tight deadline, i'm sketching the courtroom at

large, that is to say the whole scene and the media is really focusing on just tom brady. she did say, though, that she apologizes to his fans, she didn't make him look -- these are her words, as handsome as she actually is. she also told us, we're going to be asking her more questions about this. she's not on social media, so she didn't see all the memes and all the jokes and all the pranksters that are copying that and imposing lots of fun things including some images of lurch, i don't know if you ever watch the addams family. >> i have. deirdre, maybe she's a fortune material, maybe that's what he'll look like in five years. >> five years? . >> we'll be watching your interview at the top of the hour. thanks, deirdre. >> had a high cheek bone. >> yes, indeed. >> and fdr, signing social security into law 80 years ago. but will it still be around another 80? why the life expectancy.

>> and the backlash on the company products. details next treetlights in detroit, at one point, did not work. you had some blocks and you had major thoroughfares and corridors that were just totally pitch black. those things had to change. we wanted to restore our lighting system in the city. you can have the greatest dreams in the world, but unless you can finance those dreams, it doesn't happen. at the time that the bankruptcy filing was done, the public lighting authority had a hard time of finding a bank. citi did not run away from the table like some other bankers did. citi had the strength to help us go to the credit markets and raise the money. it's a brighter day in detroit. people can see better when they're out doing their tasks, young people are moving back in town, the kids are feeling safer while they walk to school. and folks are making investments and the community is moving forward.

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help cover what medicare doesn't pay. and could save you in out-of-pocket medical costs. call now to request your free decision guide. and learn more about the kinds of plans that will be here for you now -- and down the road. i have a lifetime of experience. so i know how important that is. >> all right. whether it's on wall street or main street, here is making money today. jessica alba, the actress has raised another $100 million in funding her startup is now worth $1.7 billion, raising the stakes for an eventual ipo. and in honor of the pope france visit to the u.s., kate may brewing company created yopo, which stands for you only pope once. and the new pale ale will

start in mid-september and be available in the brewing company in the tasting room there starting in september. >> all right. well, there's a milestone for social security today. president roosevelt signing it into law 80 years ago today. but how long will it survive? for the next 75 years, social security is expected to pay out $159 trillion. that is not a typo. that's how much more in benefits than it collects in taxes. let's bring in our panel to talk about future dave and sabrina are back, moody chief economist, look at that number. that is just unsustainable. you can't keep that number going. >> it is scary. when we forward each year, the number of americans ruffle 2 million on average up to

2025, the rest of the population, half a million. so there's this big demographic balance that's going to be very taxi for the federal government and state and local government. >> it's not taxing, it's unsustainable. there's a poll out, and people are not dummies, poll out of millennials and baby boomer, generation x i think they used to call it. they expect there are going to be no benefits from social security at all. do you think you're ever going to get any benefits from it? >> not in its current form, david. it's wildly unobtainable and by 2018, the government is going to be paying out more than it's getting in. and the millennials, i'm thinking a lot about women. the fact when social security is designed, it was designed to fit in 1935 style single earner family, the work place is changed, family structures changed, we have a lot of penalties now against women, dual entitlement rule, changes in divorce laws, all of this

is making a really good system for women, it needs to be reformed. >> how -- we all want it, i've paid into it my whole life, i want a piece of what i've paid into, but how am i going to pay for it? how is the country going to pay for? >> certainly by not privatetizinging is, which as you can imagine in 2008 when we went the national cliff, if we had private sized social security, we would be in a real hurt. >> david, you've got to answer one question before you leave here. how are we going to pay for it? >> well, i think if somebody is making $50,000 and paying 6% on social security and somebody making half a million dollars in the same year is paying only 1%, i think you might want to close that gap and make it equal contributions and have everybody put in 6% so then you find more. >> so, john, let's go back to the economist for moodies. john, is that going to do it? would that be enough to pay for this incredible spending that we're going to have to

do? >> no. that's not going to do it on its own. we also want to consider too do we do anything with the incentive to work for these upper income people and let's not forget. we're getting healthier, we're living longer so why not go ahead and increase the retirement age? this is something we could start planning for right now. we can do. >> what did she something has to be done. we've got to leave it at that, gang. thank you very much. by the way, that was sabrina trying to chime in with the last word. you can catch sabrina, she didn't get the last word here, but she will on forbes on fox, you can watch atomorrow morning 11:00 a.m. eastern time, that's on our sister network fox news channel. lori. >> and still to come, bush introduced the latest member of the presidential family. the story behind her unique name. you don't want to miss it technology empowers us to achieve more. it pushes us to go further. special olympics has almost five million athletes in 170 countries.

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>> it's a girl.

mazeltov, congratulations again, the bush family announced. >> those are the grandparents. just to make that clear. >> could you imagine? >> jenna's dad, former president george w. bush, released a statement -- jenna and henry chose the name as i tribute to great grandfather 41. grateful to god and to jenna and henry for this beautiful healthy gift of life. >> the question is whether the bush thing is going to go on. bush is george w.'s father who was president. george h. bush's father is senator who had aspirations to be president. this will make that the fourth generation of bushes in politics? who knows? we will wait and see. >> beautiful girls, beautiful healthy girls. all that matters for now.

>> have a wonderful weekend, lori, great to see you. >> that does it for us, "risk & reward" starts now. deirdre: a massive sinkhole suddenly opened in the chinese city after a tunnel construction site collapsed. as you can see this is an eyewitness video, that's what you're looking at right now. it was posted to the chinese social media site weibo similar to twitter. you can see the ground falling away, edges dangling over the cavern. as for human cost, one is presumed dead. incident follows yesterday's massive explosion at a chinese factory, 1100 miles away. that was also posted, then censored on weibo