perform an how did our jeff flock perform, not bad. my time is up david is here. david. >> wn you've got the money in for neil cavuto on "cavuto: coast to coast" we have governments getting too involved in markets all over the globe. now, for those who think that a government bureaucrat can decide when and where people trade on markets and if they can stop leaks in a leaky market. take a look at china. they are spending tens of billions of dollars trying to stuff a leaky market to no avail at all. last night, china lost over 6% of its market value in capital markets. fed is, of course, watching all of this, and we're going to be talking about what the feds may do in reaction to what china is doing. but first let's go to adam brandon of freedom works ceo, who thinks that what's happening in china is a clear indication

or should be to us about what we should not be doing. go ahead, adam. >> that's absolutely right. if you look in the last ten years one of the great misassumptions that we've made is that u.s. housing prices will always go up, and when they didn't, well we saw the oven results. same thing i think to the global markets and governments believe well china is always going to grow. but china has got some underlying structural problems that are finally starting to come up and big cause of that is debt, china is a lot more in debt than people realize and investment has not been from growth has not been from the growth of the middle-class but from debt. fundamentally we've lost track of the growth tharkd come from savings and investment and there's a big difference between debt and savings and investment. >> there's a simpler point here when the government gets involved in capital markets in free capital markets, somebody, somewhere is going to try to fiddle with markets.

there's been a lot of fiddling going on in the chiensz chinese markets and chinese people and world economic community is catching on to that. that it is a fixed market and has been for a long time. insiders get out just before the market crashes. they get in at the lowest point. somebody is getting the fix here. so china they adapted a pretty raw form of capitalism and lifted millions of o poverty. now that they're having this problem they're looking through the economic textbooks straight to a hard core approach. >> going to -- it is beyond that because afterall it is a communist government. they have certain advantages that even democracies don't have in terms of ability to fix markets and ability to fix information ises. they can clog up an information market so that individual investors don't have access to information that the insiders do. they don't have an fcc like ours. >> they have their banking

sector, their big four banks are so heavily controlled by the central government they're almost policy -- branching of the government instead of free banks, and with that you're going to have a lot of corruption, the local and a the mid-level cities are piling on tons and ton was debt to try to keep their real estate market from popping. and what -- think of effects for places like the united states. we can't balance our budget without the chinese buying our bills. comma is the long-term effect of china going to be on our own debt security? >> what is that long-term effect? >> aye been scared that what is going to happen when u.s. interest rates revert to a normal 4, 500% that will blow it away in our debt. and if no one is buying that deficit we're talking about cuts right now and everyone is scared in washington about making a one or 2% cut. imagine if overnight question of to make 10% cuts just to cross the board. this is why it is so important to get spending under control,

now in this country before some of these crises hit. >> bottom line with china. we saw 6% drop last time. a lot more than that over the fast several months in china. what happens to their capitol markets they go down to zero? >> that's a great question. my guess is that that i sitting on all of this cash pile foreign reserves and somehow that is leveraged into the banking system to eat up that debt. there's probably -- i don't know the numbers because they're impossible to find. but there's probably a u few trillion dollars in bad real estate debt. bad margin call bad debt across the country and a the problem with socialism is sooner or later you run out of other people's money, and china may be running out of other people's money. >> adam brand to clear markets editor john, wall street journal on how the fed here is making markets a little too reliant on them, but i've got to go first to john, and the whole question of markets, being smarter than

any individual or group of individuals who try to control those market it is -- we're seeing that play out in china right now. aren't we? we are i think that's the problem when majorities correct that's a healthy thing not all a companies are good so correction of markets means bad companies are starting capital so good ones get it. any surprise that markets are reacting negatively to chinese attempts to prop it up they're hurting the cure that markets are trying to bring to the economy. >> now james freeman this week we heard of another country in abe sha that is not doing well, japan reported that their last quarter, they have negative growth. they were down they say $2 quarters negative growth is recession so half way to recession in japan. japan is the one that started this zero interest rate fad about 25 years ago, an they've had pretty much zero growth for fast 25 years. why are we following a no growth model? >> yeah, with it is really a message from all around the world that you can't print money

to achieve process process pay prosperity and seen that in a devaluing the currency. it doesn't do anything and not good for growth. if you're hoping for some optimism maybe people in the united states -- starting to think we need -- need to think more about growth and less about -- monetary adventure, money printing maybe that's starting to happen. >> seven years of near zero interest rates haven't worked yet. >> as i've said 25 years in japan and no growth. too simple to say that zero interest rates equal zero growth. but it does zero rates reveal a fed that is failed in its state of objective and it also reveals unseriousness that what reasonable economist eager to mawk correct or supply of

anything plentiful would lower the cost of it to zero? by definition per what james said you're going to push savers out who won't offer up access to resources at very low rates. they could float the rate in when they find is that suddenly lots of resources would reach the real economy. >> gentleman thank you very much. we have some breaking news, it is official now the epa just proposing fresh new rules demanding a 40 po to 45% cut this is just the latest of a regulation pile on energy companies say is government overreach. we're digging in, and just a couple of moments we're going to tell you exactly what this means for you and your energy bills. meanwhile more breaking news on the iranian nuclear deal. senator bob menendez is set to make his decision we pretty much know what it will be. he's telegraphed that this decision. he doesn't like the nuclear deal. he hasn't exactly spelled it out in details he's been a very

vocal critic of the deal. top of the hour, new jersey democrat could be making his opposition official. our own blake berman is in d.c. with the details on this. blake. >> hi there david bob menendez has been skeptical of the iranian nuclear deal from the get-go. senator from new jersey is ranking dmbt on the senate foreign relations committee viewed as one to watch as a potential democratic no vote. now here's why his decision is of importance for a lot of people following this. one of the ways of o opponents could sustain a potential presidential veto and block the iranon nuclear deal from becoming law is by getting 13 democratic senators in to join every single senate republican expected to vote against. now, here's the way the scoreboard stacks up as it stands right now. 21 senate democrats have ?ald they will back president obama. only one with chuck schumer has been publicly against. meaning republicans need to recruit 12 more democrats. at least that number.

if republicans are to become successful in blocking the deal they need to start racking up democratic no votes quickly as there's only 24 outstanding decision ises and including menendezs here in an hour or so. it wouldn't surprise if menendez is second democrat no vote. he said last month on the nuclear deal and i'm quoting here, i'm concerned that the deal ultimately legitimizes iran as a thrermd nuclear state. i'm concerninged he says redlines we drew have turned into green lights. congress is expected to vote on that deal at about a month from now when they get back into session. some time next month. >> okay. remember by the way, there's an indictment pending against senator menendez that might play into all of this as well. political decisions have a lot of complicating factors. blake thank you very much. >> and we have some breaking news on -- donald trump. getting a lot of heat about his proposal to end birthright as theship for kids of illegal immigrants. but if you think trump is tough

on this subject, take a look at this just uncovered video of a certain politician calling for an end to birthright citizenship. >> if you break our laws without giving birth to a child, we reward that child with u.s. citizenship. and guarantee a full access to all public and social services this society provides, and that's a lot of services. >>s that's right ladies and gentlemen. democratic senator minority leader former majority leader harry reid backing the idea of getting rid of this thing back into the 1990s in a less sympathetic tone than donald trump has been using reejtly. we're all over this over the next kfl couple of hours and after the bell right here on fox business. we've got a lot more coming. breaking news the pileon is still on. epa just proposing brand new epa rules for all of those energy companies already paying a lot

of money with with the new epa rules. how doses that all boil down to your electric bill every month? how could they pay more and you pay less? that's what the administration claims will happen. doesn't seem to make sense. we'll go over that in a moment.

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come down if they're convinced oil prices will stay down. meanwhile epa just proposing fresh new rules, calling for a 40 to 45% cut in methane emissions over next decade. ryan tate says with oil dropping and new rules piling on this is going to lead to more layoff an ryan, when we saw these new epa rules come out a couple of weeks ago, i had a sense everybody is saying it is focusing on coal. i knew that there was something coming for natural gas. that's what we're seeing now because you attacked methane and you're attacking natural gas as well. >> absolutely good to be with you dave. i just -- this is exactly what the administration has done kind of from day one affordable care act you get it started, get a bunch of hype going, make it epa leak rb the right thi. we caring the environment but once you get into it and numbers reveal themselves you realize it is going to cost the americans -- a lot of money.

40% increase in just electricity bills. calling for, you know, 40 to 40% reduction in methane gas. america could be energy independent if we want withed they just keep trying to get in the way of it. from 2012 to current day, the gas industry has seen a 25% decrease in the methane gas they're releasing, now that wasn't from regulation. it came from innovation. so -- twailg has value. >> to the advantage of the natural gas and frankly coal company as well. reduce emissions, it had actually to increase efficiencies in somewhere. but a 40 to 45% decrease in methane. i'm wondering whether you think that would actually shut down the industrial heart of our country. >> absolutely, it will have a negative impact.

what's sad is it will be a slowed attrition that you'll see. these industries unless the new administration gets in and makes changes will slowly die. the environmental impact isn't that great. there are far greater things we can do even with some of our foreign partners that don't follow the same rules that we do if your true desire is to make the environment cleaner, safer, better, protect the future. we want to do that. but there's a smarter way. >> as much concern as i am personally as well as for other people about the consumers -- that cost that they're going to be paying, i'm worried about all the of the companies that pay for energy. that where energy is a large component of their cost of doing business. you think of bakeries, and, of course, a lot of factories that's why a 40, 45% reduction that would cause i think, an actual slow down if not shutdown of the industrial heart of merck. >> it does not just impact the oil and gas industry.

this impacts 100% of the people that do business in america and the world, and this will hurt the small business owner more than anyone else. these large publicly traded corporations are in a better policy to take on this and have losses. the heart beat and a backbone is small businessman. they are the ones that are going to feel this the worst this is beginning to hurt them the most an they can't take on a 30, 40% increase in overhead in expenses it will destroy them and if your desire is to make america better, this is about the worst thing you can do. and the worst time you could do it. that -- that's perhaps the most puzzling they think to me is why choose this battle right now? why do this when in that industry alone, you do have some real opportunity to protect us especially -- >> this is an master's degree thargs claims that they claire about the little guy, small

business people, they're the ones who pay the largest chunk of their -- money of the money that they have in expenses on energy, and many cases i think of dave mcarthur a baker out in the midwest they're hit the hardest by this ryan we have to yap it. thank you very much. my friend, appreciate it. >> jerry willis says this nonstop energy rule pile on is about to shong shock your electric bill we were talking about this. how can you dramatically increase the cost of creating electrician and decrease the electric cost to consumers? >> i don't think i don't think r goal here. you hear what ryan said about bills going up. this is a pile on with coal, with the government trying to shutdown the coal industry, that's increasing bills by as much as 10% over 10 years so you can imagine this is going to have a similar impact which shocks me about this, and you mentioned this before, still we're going to cut methane emissions by 40 to 45% at the

first go around? the very -- first time it has been done. >> a long time period to do that. so i find that amazing. keep in mind, that methane emission miss this country are only about 6% of green house emissions thub that. small proportion of the total this is really in my view an effort to go after the fracking industry and shut it down. >> you think that is the motivation they've been looking for -- publicly announcing that they're against fracking for a long time. this is the way they're going about it. >> i think this is the way they're going to get to. american petroleum institute saying this is going to hurt fracking and cost the industry a lot of money to try to -- to meet these goals. this is tough stuff. and i don't -- what i really don't understand is that the end of the day, this hurts american families. why don't we want to do this? it makes no sense to me. >> it is like obamacare mathematics they continue to say you increase the cost to

insurers and you say to the people out there we're going to get cheaper insurance impossible you don't increase and decrease on the other. >> math doesn't work that is what we've seen. for the people that presumably the administration would want to be helping here. american families why not help them and small business like ryan said, i think your question about whether this is going to be a real stack at the heart of the industrial complex in this country. what does it do? small business an big business. rming you're focusing on attitude of consumers i'm wondering if consumer is going to buy the twisted lodge uk that administration is using to try to sell this. >> this is a self-program i have to tell you. announcing it here at the end of august people will not pay attention to this. >> you think they're on vacation and won't listen? >> they're going to look at their electric bill go up. how soon before that happens? >> blame it only the industry. >> how soon before it is

effecting people electric bills. >> slowly over time you know 100% in three months that's not the way this works but happen slowly over o time and easier for administration and any other potential subsequent democratic administration who say, oh, that wasn't really us. this was something at work there. but make no mistake here. heavy regulation is having big impacts on middle-class america. >> unbelievable. but fracking is their goal that's what you think it is all about. jerry willis good to see you thank you very much. meanwhile more news on the fight against terror. what a new report reveals that could be proof we are not winning. ♪ technology empowers us to achieve more.

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>> some breaking news now only the bangkok bombing bomb left at 20 people dead and 140 injured. thai police are now on the hunt for this man. they're convinced he is the bomber. also responsible for second explosion that rocked the city

today. police say that bomber tossed a pipe bomb from the bridge video footage showing people running to escape the blast. television just who are risk. body parts everywhere. luckily there were no casualty on the second but in the first one it was devastating. there could be a reason by the way, why the u.s. is not winning the fight against isis. new government report warning u.s. efforts against isis are totally disorganized and incoherent this come just days after reports that isis could be using chemical weapons former u.s. army pilot amber smith says that confusion is coming straight from the white house. amber, first of all, we've spent about 3.2 billion dollars fighting isis since july. what have we achieved for all of that money? >> yeah, our strategy that we've seen in iraq since this fight over a year ago as you mentioned 3.2 billion with zero tangible results.

all we've seen is the targeted air strikes, these train and assist advisory role, and that's not cutting at all. we need to get serious about what is going to -- what it is going to basically change the shift into direct military action. isis just used suspected in the north and that is ground to shift our strategy towards something that is actually going to defeat isis. >> let me just ask you to be more specific is that 3.2 billion -- is that all going for -- to cover the cost of the airstrikes or specifically what's that spent on? >> entire operation everything from air strikes, money, weapons, and supplies that are going through baghdad. the training that we're having to sending our u.s. forces over to iraq -- over to iraq, you know this isn't a chemooperation. but unfortunately we're treating it as sort of a chance to waste

taxpayer dollars because we're not being efficient or eivelgtive in that role. >> i wonder how effective another strategy developed by the same team with a same commander in chief would be. >> heard that argument that surprisingly active that this sort of war -- in iraq is different than what we've seen in the past. our military right now has almost 14 years of experience and two different theaters of operation in the middle east. africa and afghanistan fighting this type of enemy that blends in with the low population. we have the most experienced military in the world right now. to fight them. >> i have look, i have no doubt that my son is -- i have no doubt about the confidence of the military what i have doubt about is the competence of the commander in chief. >> yeah, absolutely. president obama has, you know, put on this -- face that he is going to be the president to fend war instead of

start wars unfortunately he's doing a disservice to our national security, and not to mention our military. sooner or later, we're going to have to fight isis, and if he continues to ignore it over the next year and a half. next president has to face it and only going to allow isis to gain strength, recruit, and get stronger as an army within our military fight back. >> he is commander in chief until january 2017, and i'm just wondering between now and then, what conceivable strategy this is a man, commander in chief who won't recognize islamic terrorism. >> i know unfortunately it is not looking like we're going to make any progress on that front even the form of chief of staff suggests if things don't change in iraq that we immediate to reconsider putting boots on the ground. unfor thely with what we've got now the, nothing is changing. and isis is only allowed to, you know, maintain safe haven and strong holds. >> they have to march to orders

of the comappedder in chief confidence we both doubt. we have to leave it at that. we have breaking news thank you very much. this just in -- from the pentagon, it is concern russia is going to proceed with s300 missile sales to iran. this would be a violation of the existing arms embargo. iran reportedly plans to sign contracts about the russian missiles where'll bring you breaking information on this and particularly how it realities to the iran nuclear deal coming up. meanwhile we have shares of home depot after a high after reporting high second quarter earnings along at this. it is up about two and a quarter percent right now. 25 billion dollars in sales, this is a 4% increase from the same time last year. so, is this a sign people are opting for fixing up their homes instead of buying new ones? we're going to get a fresh read of the housing market in just moamghts, and i'm going to have much more after the bell 4 p.m.

eastern time welcome a lot of time between now and then, anything could happen. or o change. you don't want to miss that show. and we are getting brand new details on the irs hack, and next hear why tim former governor says we're too late to stop the attack after this attack. want to hear the governor, coming up.

agreeing to the 4 costs they incurred in the massive 2013 data breach, 40 million cards were subjected fraud causing an unknown amount of losses to card issuing banks, damage still being done but there will be at least some pay out. your tax returns may be hacked and you don't know it. the irs a insiders to the criminals joel three times the amount of record it originally thought. years this is just the beginning. i wonder if you can sue the irs. tim pawlenty, former governor,'s warning to congress, you are too late to stop the next attack. it is incredible. in the private sector at least if someone is fiddling around with your accounts you have the option of suing as we saw with his target thing. i can't sue the irs, can i? >> you can sue them but you

wouldn't win. whether it is government or private industry we are under attack in america every day, in corporate america, government agencies, north korea, russia, china, organized crime, this country needs to get its act together. dave: i feel this is one more weight on that scale that has made it over the tipping point. think of the scandals, the guys looking at porn when doing their work, the political favoritism, lois lerner using the irs as a political weapon and the hacks. i think we have reached a tipping point where the american public says you can't fix it, just get rid of it. >> there are sights and sounds of dysfunctional around and within the irs and clearly clearly reform is in order and the question is what do you do about it? there is some agency.

dave: candidates are saying the the worst thing we can do is hold on and try to fix it. you got to get rid of its first. a vice saying that might be responsible politically but you are hearing on the campaign trail. >> said we stipulate get rid of that but you have to have a place where people can file their taxes and paired taxes, you need a proposal for what replaces it. dave: what do you think should replace it? >> you could do a lot of this with better technology although it is a cyberweek that calls into question their capabilities. in a world where uber and all these applications are so powerful and prevalent do you need this behemoth of a federal agency to be manually doing so much stuff? this could be reformed and streamlined. dave: we haven't heard donald trump's answer which is coming in a couple weeks. i talked to his people friday, there were rumors he was taking lessons on tax reform from steve forbes but most of the

candidates on the republican side want a flat tax. is that where we will end up? >> we need a flat simple tax. if we could get taxes on 3 x 5 page you would not need the irs but that has been proposed many times and it doesn't advance so you need different leadership. dave: it was proposed in the past when we had not seen all the stuff about laws lerner scandal, hacking and other scandals. i don't think the country has ever been more ready for that kind of dramatic change and it is now. >> you will need -- let's be blunt, with divided government and won't get it done but if you have not republican white house or republican congress, the congress now, would they move in that directly, it didn't exist in the past. >> good to see you again. appreciate it. we have mentioned the lodge, and

the immigration plan, judge andrew napolitano says many parts of the plan are unconstitutional. let's get to the heart of it. amendment number 14 of the u.s. constitution, section i, right in the beginning of the fourteenth amendment says all persons born are citizens of the united states and the state wherein they reside. donald wants to change that. >> he would argue the mother committed a crime and the child should be punished but they don't do that in this country and being here illegally is not a crime. need to commit an independent cross and, like beating a border guard but illegally entering the country as a civil wrong, not rising. the supreme court has uniformly upheld anybody born here is an american citizen no matter the intent of the mother and how easy it is to change the constitution is very difficult.

dave: we have a president who does his interpretation, actually does change the constitution does on his executive order. judge napolitano: president trump could change things radically, can't change the constitution but if he did what barack obama is not doing, and force the laws that have been written he could recent barack obama ad executive agreemen's e president obama said border guards look the other way, he said come here, we won't deport you. that is not the law but if he wants to deport the 11 million illegals, round number on the low end i wonder if he knows each of the would be entitled to a hearing and an appeal? the most the government ever process is 250,000 deportation.

and -- dave: he would say my presidency would be different. i would do sweeping changes in the way we do business, eliminate a lot of the red tape, we can do quicker than it has been done in past. >> i am sure he would like to say that but the obligation to have a hearing an appeal would stem from the fourteenth amendment and the fifth. when it comes to the constitution, it can't be changed by him or congress. he can change the tone. dave: the specific plan to change these emigration policies, but his voice, his rhetoric is having an affect on the entire question about immigration. not only among republican candidates that the democratic party. dave: he knows how to negotiate. team may be asking for 100 when he only expects 75 so he may be asking for a lot more. dave: even with regard to the fourteenth amendment clause about all persons born in the u.s. do we have that tape? could we put up the tape of the

past 1993 take. he is not the first person for either party that we get rid of this clause in the constitution. is it conceivable to do that for the rigmarole of changing the constitution? dave: judge napolitano: you have to have of vote on the repeal, two thirds of the house of congress and each quarters of the states, not in the cards. dave: let me play at tape of someone you are familiar with the right now is very critical of donald trump and when he suggested. play the tape from 1993. >> if you break our laws by entering this country without permission to give birth to a child we reward that child with u.s. citizenship and guarantee full access to all public and social services the society provides and that is a lot of services. dave: there he is, harry reid,

former majority leader, current minority leader of the senate saying exactly what donald trump says now in not much harsher tone in my opinion. dave: the court should not concern itself with what members of congress and on the floor when they are voting for something or against it. there's only one reason they vote, to get reelected. dave: i think we agree on that. let's take a live look at seaton hall university where new jersey democratic senator bob menendez just about to make his decision public on the iran nuclear deal. he has been a vocal critic of the details. he has not come out specifically to say whether he will vote against it or for it. we will go to him live as soon as it happens and more developments on the clinton e-mail controversy. fox news learning more e-mails for potentially classified information. that number is now over 300. more are coming and even

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dave: if you hear what goes on when you have charlie and dagen mcdowell on such. is said the republicans -- >> blowup dolls. dave: the party of old white men con on new rumors that john kerry and al gore might jump in for the democrats and the latest rumor california democrat jerry brown might jump in where hillary has failed. and charlie gasparino and dagen mcdowell says democrats should look in the mail and democrats are talking about the old white men of the republican party. bernie sanders, joe biden, al gore, and john kerry all old, one woman and five light blue.

dagen: hillary clinton thinking she was anointed to be the next president because she was a woman, because she had to put up with bill all those years, is that it was owed her and is owed her, the fact that you have all these older white guys that get into the race at this point shows she is losing favor and losing favor quickly. bernie sanders said what he believes and people believe what he says. dave: an unabashed socialist. i don't want to talk about the hypocrisy, you have a woman or black man, east indian man, two hispanic looking for the republican side and one woman and all these white guys on the democratic side. >> look who they raise money from. i know where the fund raisers are, they are old white guys from wall street. kisses their rear end because they give her some much money, they come on their shows, i love

bob, the hypocrisy. dave: does it bleed through to the voters? does it matter at election time? >> tony james, jon corzine and his limousine. dave: at election time it doesn't. >> when you got -- get these guys talking, they get past the hypocrisy and they think net net which is doing is "after the bell"'s word, liberal progressive policies, whether she attacks old white guys or becomes politically, quote, it doesn't matter. dave: not minorities are the issue but whether they are the politically correct view points. >> i will look at republicans. and beyond blood, marco rubio, scott walker and bobby gentlemen -- the pittsburgh in the london

the age of 50 but well haoles acting in terms of the anti-immigratio policies, and i legal immigrant -- dave: harry reid is under and birthright immigration -- dagen: that doesn't make it seem. >> the only reason harry reid got reelected in 2012 was in 2012 or 2010, last time he got reelected was republicans put up the bad candidate. he is not the president of the united states. dave: is jeff flock trying out of for the next frozen to the key to why he is freezing his bought off has everything to do with your next car? he will have a red nose.

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and start gathering the information you need to help you keep rolling with confidence. go long™. ♪ dave: before chrysler sent its cars to be what they have to pass the snow lab which is where jeff flock is and it is currently i am kidding you not, summertime is the right time for this, 30 degrees below, you are not in alaska or the antarctic. jeff: i tell you, this is incredible when they put these cars through and i am being put through at the moment. this is what they call the snow whack, part of the tech center for fiat chrysler and this is a ram pickup in here right now all and as you point al, minus 30 degrees and we have 25 miles an hour winds.

i am going to walk right into it. i can take it for long to but if you face right into it, that is 63 -- -63 wind shear but that is what they put these cars for rude to make sure they can handle it. jeeps go through here, so popular people want to know they can handle whatever. end we are handling it today. dave: it is not only a test for the cause but a microphone which is working great but what about a test for you? you can get frostbite doing that sort of thing. jeff: they say within five minute you get frostbite and if you plan to net teeth of is you get much more. dave: oh man. it is now 93 degrees in new york, the heat index is over

100. i have been in chicago when he index was over a hundred. on a hot summer day it would be good. watch out for that beautiful nose of yours. we love and admire your nose, we don't want it to fall off. >> all the extremities. dave: charlie gasparino territory, we don't want to go there. jeff: it is my ears. dave: i was thinking coin. charlie wi. jeff flock, good to see you, get warm soon. breaking news, we are awaiting a huge decision on but iranian nuclear deal from a key democratic lawmakers senator mendez who has been critical of the deal but has not yet come out as senator schumer has against the deal saying whether he will be for against it. this guy has an indictment hanging over his head. a lot of decisions, a lot of factors going to is this. we will be covering that live at seaton hall. after this.

a house to a party piece joy

dave: welcome back to cover food no, i am filling in for neil cavuto. we have breaking news, democratic senator bob menendez about to announce his stance on the iranian nuclear deal. blake berman has details. he is talking to a home crowd. any indication where he is to go? >> the statements we heard from bob menendez in which he expressed skepticism over this deal, this is a big announcement for those keeping tabs on the iranian nuclear deal, bob mann mendez was the democratic cat of the senate foreign relations committee, and the skepticism and aftermath of this deal. and he will unveil how he

intends to vote. there are a lot of ways to break this down and one is as follows. if every republican senator votes no against this deal which is as expected and republicans need to recruit 13 of 46 democrats to override a presidential veto and effectively kill this deal. if you have 13 democrats across the aisle there are no votes to override the veto in the nuclear deal would become law so what you are looking at is basically the scoreboard, the way this stacks up, 21 democrats signaled they would back the president, only one, chuck schumer, has been publicly against this deal, menendez could be number 2. if republicans become successful in blocking this deal, the president and his supporters did launch another vote in their tally earlier this morning, she

will vote in favor of the deal, congress is expected to vote on this when they return from recess at this point sometime next month. dave: thank you very much. even if lawmakers get enough votes to should down a deal, the white house will move ahead without approval, and jamie weinstein on how this could work out president obama's don't base and mendez is likely to say he is against the deal and telegraphed over the last several weeks and too many bad provisions to make it passable. he had a lot of pull in the senate before he had this indictment hanging over his head. has he lost any capacity to sway, persuade his own democrats one way or another because of that indictment? >> i don't know if it is because of the indictment but he himself i don't think will be leading a tidal wave of democrats opposing the deal.

chuck schumer is probably more important no vote, bob menendez, them together might persuade several democrats to come against this deal. as was reported, 13 democrats in the senate if all the republicans stick together to overturn president obama's veto of disapproval, many more democrats in the house of representatives to do this. dave: for argument's sake, what happens if congress to override a presidential veto, the president even with an override will act against this? >> he has the power and will take even more power to eliminate the sanctions himself and he can't do all of them because congress is in charge of some of them but can do a great deal and unlikely iran won't back away from this deal and immediately.

without all the sanctions from the united states are relieved to draw this out nine months to get the european sanctions or the un sanctions taken away and also see some of that money given back to them so they have every incentive even if the white house can't remove all the sanctions on it done to keep them in this deal at least -- dave: not only president obama's on presidency but he doesn't worry, there is a political legacy on the democratic party. if they did this deal not only on an override, not only most of the majority of congress override, he still lacks despite that, that is something democratic parties have to live with in 2016. >> they might have to live with that and that is bad but they may have to live with something worse and that may be the result of the steelers a nuclear iran and that is a more damaging

legacy than president obama inserting too much authority which he seems to have done throughout his presidency. dave: president obama says breaking it down with the soviets, i am dealing with iran, iran has spoken against us and they say we are evil personified but so did the soviet union. the difference is reagan made the soviets a lot weaker by his actions specifically by his defense spending. this deal makes the iranian stronger. they will have $100 billion extra at least every year even the people in favor of this steel at mid that. >> no question even if the obliged to the letter of the law which is an open question in 15 yeartheyre gng thave ze breout me a theare gointo ba mu strger econic pers d th are toda wh we nt io netiatns wi thetheyeren teous strings with sanctions so this is going to make some strong

economic power and they will be within reach of a nuclear weapon if the call the letter of the law. the question is will they follow the letter of the wall or sneak out early and develop more nuclear weapons before the deal ends? dave: no question there will be a lot more money and the administration said they will use that to fund terrorism. thank you very much, appreciate it. new york status simply man, one of the first democrats to speak out against, returned from israel, before we get to the israelis, why are you against the deal? >> everything i've read about this deal, all the people i have spoken to it seems to me this is a deal that will result in iran getting a nuclear weapon. the only question is when, do they get it early by cheating? will anyone question a single

moment that iran is a country, they support terrorism all over the world. probably cheating and developing this weapon which they are on the verge of having done anyway. this is insane to do this and i urge fellow democrats take politics out of this. i wish the president of the united states would say to the democratic party this is an issue of conscience. this could be the biggest mistake ever, this could be chamberlain 1938 coming back and thinking the world had been saved, that they fooled hitler, we are dealing with this regime responsible with terrorism all of the world. dave: what happens when you go to somebody like new york senator of a brand and she is in favor of the deal? you must have spoken to her or other people. what did they say it you when you come out? >> with regard to it senator joel brand, it is astounding the

position she took. you got the senior senator from new york, you need to study this, need to read it, talk to everyone and understand it and and senator schumer says this is horrible for america. the same day, this is a good deal, not that good but a good deal. isn't that in sane? we are talking -- dave: specifically when you come out with your argument which is passionate and well put what does she say to you? >> it is about politics. if you took out the democratic and republican, if it was simply looking at the deal and seeing honest about it you would have to come to the conclusion this is the worst deal in history, this is about the president and his legacy. and this is not going to work. dave: what do the is releasing?

and over the past few weeks, speaking to people from every political stripe. and the people of israel, problems in washington with republicans, generally. i have never seen the people of israel so united. we are so concerned about terms of survival, not political survival. let me tell you another thing they said which hurt me as an american, someone who loves this country dearly they said to me this was a general thing i found from one country to another, we feel the united states is abandoning us. that is up pretty serious thing. dave: when jews in america put this together, domestic concerns, concerns about israel do they begin to desert the democratic party? hillary clinton has suggested

she is in favor of this. >> i am a democrat and dino hillary clinton. she is less person i would ever vote for based on this deal and i want to say to fellow democrats this is an issue if you think is going to go away do the vote, no one will remember next time i run, this is about your future as well because this is about a threat to our allies in the middle east, israel, this is a threat to america and i am saying to my fellow democrats don't make this terrible mistake. i say i know you want to support the president and this is about the future of the world we're talking about. dave: thank you very much for coming in. appreciate it. we will monitoring man and as and give you his decision as soon as we get it right here. meanwhile we are monitoring these numbers and they don't

look good. ftp a demand a cut in methane emissions of over 40% over the next decade look at how energy stocks are getting hot cut down. they are falling as we speak. we spoke to someone warning about mass layoffs that could be coming. we will see if he is right. meanwhile the battle at the border revived many, from's plan is a right but he is saying the same thing once said by a leader on the left.

dave: donald trump has revealed his emigration plans but mark cuban tells foxbusiness.com he disagrees with from's stance on immigration, people coming to work at american high tech jobs and quoting mark cuban when it

comes to high end jobs the competition from overseas for jobs makes us stronger. i believe in american exceptionalism. if someone from another country earned the job more power to the. we will learn from it and get stronger. democrats piling on donald trump's call to an end to birthright citizenship, but take a look at this blast from the past. >> if you break our laws by entering this country without permission to give birth to a child, we reward that child with u.s. citizenship and guarantee full access to all public and social services the society provides and that is a lot of services. dave: the democrat mr. harry reid, the senator from nevada back then. should republicans get heat for thinking of the same right now? democratic strategist david mercer and teachparty.net it is

hard to take those things back. beware of youtube, harry reid. >> harry reid isn't running for president for one, he is retiring next year. and we are talking about the presidential candidates. dave: you went from 1 to 3. >> 1 he is not running for president 2 he is retiring next year. 40, not he has changed that position. 4, he is not running for president -- dave: we don't have much time. the fact is that is out there, democrats have said not only similar things to donald trump but with an even nastier sort of demeanor. trump at least that i am sympathetic to these people and we will try to work out a deal for them but they got to go back home, not so harry reid. they got to go back, that is it. >> donald trump is a man of

action and right or wrong on different things that he said he has forced us to debate issues in a non politically correct fashion that need to be debated. what is urgent that we debate within the country is a question of citizenship, citizenship, not being a civil rights entitlement which many of dave's friend on the progress of left like us to believe. dave: it is tough -- the democrats had two years with the president, the house, the senate all controlled by democrats and they didn't get it done with immigration. why not? >> that is that narrative that is all aloft in that marco rubio lead with the gang of 8 the immigration comprehensive immigration reform. dave: hold on a second. the democrats held the senate, democrats held the house, democrats held the white house.

with all three -- why didn't they deal with it? >> comprehensive immigration reform and walked away. as much -- dave: we have breaking news on senator bob mendez who is speaking now. a long speech but he has revealed he will oppose but iranian nuclear deal. he says he will vote in september to disapprove the deal. he would vote to override any obama veto of such legislation. now there are two, two democrats, chuck schumer and bob mendez who both said they will oppose the deal. they have to convince 12 more democratic senators to come along with them to override a presidential veto and of course that is just the senate. bob menendez against the deal, he does have an indictment hanging over his head. some people for right or wrong have said there was political motivation behind the

indictment, it was payback from the obama administration. other people say now, the fbi was investigating this guy for a long time, whatever. the bottom line is chuck schumer and bob menendez oppose the iranian nuclear deal. you heard a passionate, eloquent defense of the position of men mendez and schumer. we will now see whether other democrats joel ain't there like. more to come right here.

dave: anytime the department of labour could announce new rules to crack down on retirement advisors forcing brokers to the client's interests ahead of personal gain. larry says it sounds good on paper but this will lead to an intended consequences like higher prices for investors. the rule comes down hardest on those who were actually going to have the least amount of money to invest, folks investing

$50,000. >> absolutely wright. it does sound so good to say we put clients' needs first, those are just pretty words because if there is anything i have learned from every administration buddy specially this administration is the government regulation sent out to protect as usual in makes things more complicated and causes us more money and that is what people are facing with this regulation. dave: tell us as simply as possible how they want to regulate in this market. >> looks like costs will probably go up because it will force people into plans that more complicated and require more sophisticated financial planner to be involved. also you have to restrict access to some of the plans to some people, and it will cut down on health centers out that that are available for call centers and

so forth so when you have a plan you have a average guy sitting at home who turns on the television to watch this show or any show or even new commercials that are already out that says the government wants to regulate my money and it will cost me more, be more complicated, and restrict my access to health, that is something i want to be involved in. dave: this is okay because folks still have access to robotadvice. that is how he justified this regulation. >> does that get you excited? i can to imagine that getting anybody excited. dave: i am not defending him in any way but there are smart people out there, one of the smartest guys who says for get advisers, focus on these new things called exchange traded funds, you don't have to pay

anybody, you pay 0.008 as a fee for it. just dead an index fund? >> people need to be anything rather than relying on themselves, anything. we have proved that relying on yourself which i am afraid is another unintended consequence, the people will say this is too complicated. i'm not playing. if they rely on themselves and you have the average american retirement account, and people near retirement, $12,000 with one first of americans to have $1,000 of savings in retirement, that should be an indication we need more people involved in the process instead of less involved and by making it cost more, fewer people will be involved at all. dave: i am not the first to say is this, when somebody says i am from the government and i'm here to help, reach for your wallet because it will cost one way or

another. wrote a pair author, thank you very much, appreciate you coming here. home builder confidence is at a high. why is home ownership on all 48 year low? next the real story out of real-estate and more on senator menendez's opposition to the iran deal. we are listening in on his speech. it is going on but he is against iranian nuclear deal, second democratic senator to be so. can he convince 12 other democratic senators to do the same? more on that coming up. 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? . . . .

david: just moments ago senator bob menendez, used to have the senate for return relations until he was indicted by the feds, still has a lot of power in the senate. a lot of influence. he is at seton hall, announcing he is against the iranian nuclear deal. the second democratic senator to announce that. the other was chuck schumer from the state of new york. blake burman is more. he is going on, blake, but he got the news out early. >> yeah, i've been looking over this, david. this is a 12-page, 6,000 word speech that bob menendez is in the middle of right now. i point that out because menendez throughout the speech here at seton hall university will lay out in detail on and on basically a laundry list of essentially grievances or issues

that he has with this iranian nuclear deal. toward the top he says, and i'm quoting here, while i have many specific concerns about this agreement my overarching concern is that it requires no dismantling of iran's nuclear infrastructure and only mothballs the infrastructure for 10 years. this should go on for quite some time. but the headline clearly senator bob menendez will vote against this deal. here is what this means, david, going forward. right now 21 democrats have voted or said they will vote for the deal when it comes in front of congress, 21 senate democrats next month. two say they oppose it. menendez today, chuck schumer earlier this month or late last month as well. the number here in the senate is 13. if republicans and, every single republican in the senate is expected to vote against this, if republicans can recruit 13 democrats over to their side, then that would be enough to override a presidential veto and

essentially kill this deal. so right now, in the senate, for democrats, 46 democrats. they are basically at halfway point. 23 said what they're going so do. now we watch the other 23 to see what they are going to do. they would need, republicans would need 11 of those 23 senate democrats to come on to their side to kill this dial. menendez today right now makes it two. david: by the way we had a graphic up saying 20 were in favor. actually went one democratic senators but now two against. >> it was mazey her rohn know earlier today -- hirono. came out today. david: they didn't hear assemblyman who was on earlier. i never heard a more passionate explanation why one should vote against it. we'll see what happens. bob menendez has weighed in. meanwhile housing starts strong last month, moving at fastest pace since 2007, increasings 11% this year alone.

while homebuilder confidence hits a new high, homeownership is still at at 48-year low. why? greg rand and kendra todd says, new homes can be built but they won't be bought. greg, this is a mystery to me. if homeownership is at 48-year low, why are homebuilders so happy? we see it in the stocks today? >> they're predicting, seeing same thing people across the country and world are seeing, which the market is in solid, maybe boring but solid recovery mode right now. homebuilders make their move now to create the product homeownership rates being low don't worry me. they haven't left the country. investor came in very big way last five years to create more rental stock for very same families that came out of homeownership in the foreclosure crisis. all millenials want to wait before they own. i'm not worried about homeownership rate as i am stable home prices.

somebody needs to buy them and demand seems to be there. david: so greg's point, rentals are going through the roof. they're skyrocketing. there is more of a reason why people would want to buy homes today, because rentals are so high. people do the figuring and over a long run you might be better off buying s that factoring into why homebuilders are so happy? >> partially it is. you're absolutely right. major cities across america were seeing the rental rates skyrocketing. people are taking a second look, seriously at homeownership. but you know, i would say the reason why we've got you know, homeownership at all-time low, very simply is because we've been struggling with very constrained rates of inventory. people can only buy as many houses as available for sale. we can't forget also, that you have, you know, well over a million people who are still underwater, they are waiting for their homes to be worth enough for them to be able to sell and

move up to other homes. david: that's true. greg, another thing, as low as rates are right now they don't help if you can't get a loan. pretty tough to get a loan these days. >> it is not, it is funny it is tough compared to 2005. it is kind of normal compared to 1995. so, there is something to the fact that a lot of people are, they're beginning to buy back into the idea that housing market is predictable but it moves slowly, right? we've been talking for years. during entire downturn the recovery was coming. it would take time to heal. homeownership will come back. i don't sigh it will come back to 68 or 69%. david: let me amend a little bit. on high-end all the rich chinese and millionaires taking money out of the stock market figuring i want real estate instead of stocks. on high-end, you're okay. on lowened you have new fha rules which essentially give people, some are concerned people maybe shouldn't get

mortgages are but vast middle, those are ones having a tough time getting a mortgage. >> yes, but i think that the tightened lending standards are one of the positive contributes standards to the housing recovery. i mean we have officially surpassed median home prices at the peak of the pre-recessionary levels. we have done it because of job growth, and strong local and regional economics. so the people that are buying homes today, are people who are well-qualified for them. i think it would be mistake to loosen credit standards. david: yeah. >> it would put us at risk of markets overheat and collapse. david: i tend to agree with you. >> if you don't mess with it, we have three to five to, seven years of continued positive growth in housing. david: 15% down payment was the standard. you don't want to go back to the days of 2006 and 7. greg, todd, good to see you both. thank you very much.

is newt watching neil. what the former speaking is speaking out on. it sounds like a cavutoism. bet you didn't know there was cavutoism. is newt plagarizing. 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. 40% of the lights were out, but they're not out for long.they're coming back. it's more than tit's security - and flexibility. it's where great ideas and vital data are stored. with centurylink you get advanced technology solutions from a trusted it partner. including cloud and hosting services - all backed by an industry leading broadband network and people committed to helping you grow your business. you get a company that's more than just the sum of it's parts. centurylink. your link to what's next. >> i'm dagen mcdowell with your fox business brief. walmart had a profit warning might be pulling down the dow but a handful of retail stocks hitting all-time highs today.

the parent of t.j. maxx, tjx, and home depot hitting records fueled by strong quarterly earnings. ross stores, cosmetic retailer, alta -- you'll at that. foot lock are also up there. one retailer tanking. abercrombie & fitch shares hitting a six 1/2-year low today. the chain suffering nine quarters of falling sales. restructuring management. creating six new positions. bringing in outside design talent from the likes of club monaco ownedly ralph lauren trying to resuscitate that brand. quick look needing resuscitation, stock market. losses across the board. they're not that bad, coast to coast.

>> is secretary clinton going to be the democratic nominee? >> i don't think so. democrats need to worry about sanders because if he keeps running and keeps gaining momentum, and he keeps gaining supporters, there is a morning where he in fact becomes genuinely formidable. >> whoever would have thought bernie sanders formidable. newt gingrich doesn't think hillary clinton will be democratic nominee but remember where you heard all of that first. >> i'm willing to wager a double quarter-pounder. not thaw eat that. she will not be the nominee? really. >> stick a fork in her. hillary clinton is done.

she will not, i repeat, she will not be the democratic presidential nominee. will burn the tapes if but -- david: admit it, dude. you're plagarizing. neil is tooting the horn for 16 months. if not hillary who will be the nominee? to former senator cot brown who i bet will not be democratic candidate for president. breaking news with bob menendez, is this herro he can act on part of -- >> no, menendez made his position pretty clear from the beginning. no surprise. schumer already counted votes. heroism, i have seen chuck twisting arms and flipping votes on the senate floor. david: chuck schumer. >> if he wanted to show real courage he would flip votes his way. >> no, he already counted votes. no secret where his al islands

alliance stands. david: no profile of courage. senator brown, will hillary not be nominee for the democrats? >> if it is present field, i think she will be. america will not elect a socialist. in new hampshire he is leading because independents are playing in republican primary. democrats will stay home. they're mostly ultraliberal. david: all the old white men by the way. joe biden -- >> joe biden looks way better than jerry brown, al gore. >> john kerry, joe biden would shake it up quite a it bit. they're poking and prodding around. kerry feels he got robbed. he should have fought back on whole host of things. he came within this close of being president. right now, if it is the present field, yes it is her. people will do one of these to vote for her. david: not if there is indictment though. if there is some, all the emails lead to something that can't be avoided even by an obama justice

department she is out, right. >> there are members of congress right now who have been indicted and found guilty and -- david: not running for president. running for president is little different? >> nothing surprises me. david: you really think -- hold on a second you really think, that would be one hick after thing to pull off? >> i wish i could tell you differently. david: run for president while you're indicted. >> wish i could tell you differently. david: joe biden you say is possibility. i'm wondering whether or not he will come out in september and surprise everybody, saying i'm going whole hog in favor of hillary? >> he has some deep tragedies in his family. appropriate understanding going through a campaign, it's a blood sport. the fact that he will then put his family through really something i think is very stressful on the family. david: his son knew it was a blood sport. his son that passed away. >> legitimate family concerns.

clinton is in free fall. her numbers are tanking. people don't trust her. they don't like her. her personality is flat. what is the choice right now? bernie sanders are you kidding me? david: joe biden, by the way is with current administration as vice president. he has inside information no doubt about their case against hillary clinton or, i shouldn't say, against hillary clinton but about information whether there might be indictment. if he gets an idea by the end, before labor day, let's say, there will be no indictment, that all of this just amounts to embarassment and nothing more for hillary do you think he will not run? >> i think he should jump in regardless. he brings a lot to the table. his foreign policy experience i think is critical. he has a good history with the house and senate members of actually doing deals. we did a lot of deals when i was senator, president obama checked out. it was joe biden met with mitch mcconnell, met with members. did hard work that it takes to keep the country running. with that respect he brings good things to the table. david: we start out by talking

how newt was plagarizing this stuff. another thing neil saying for a long time. al gore was going to run. i saw you scoff -- >> i think his al jazeera connections, a lot of things he is working on capitalizing, i don't begrudge anybody for making a living i think he is more damaged than joe biden. i think joe would be front runter. david: he has your six-pack, right? >> he has lost some weight. i can see that. david: what about jerry brown? >> no on jerry brown, you i guess pushing 80. i think he is 77, 78. not that there sig in wrong. >> what does tell you about the democratic party. socialist running. retreads running. we have vibrant group of young, middle-aged men. david: a black man. guy from east india. two hispanic people. women. much more diverse. >> diverse, wonderfully qualified field. david: are you calling them races, sexes. are you saying democrats is racist, sexist party. >> every single one ever those

candidates would make a birth president than hillary or bernie. david: i didn't hear you say it. is the democratic party are sexist and racist with their line up. >> they are politically collect correct and push their norm on people. david: scott, sorry about the red sox. tough year for the red sox. >> what is very cool, terry francona is getting cancer treatment with ferrell, which is very powerful. says a lot about the organization and those two people. david: thank you very much, senator. what this whole election is b not republican versus democrat. millenial versus boomer. charlie gasparino and jillian meckler are here to debate what is really important this election cycle. ♪ it's a calling.

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david: investors are biting their fingernails waiting clues for the fed about a potential rate hike tomorrow. rate hike will not be tomorrow. we may get an indication whether it is any closer tomorrow. if anyone has a clue it is former fed chairman who is talking to our trish regan today. trish, who are we talking about? trish: we're talking about alan greenspan. alan greenspan will be on the show. hopefully he will give us clues whether at the see a rate hike anytime, anytime out of janet yellen. we've been waiting what, six plus years, david? and nothing? we've been in zero interest rate policy environment for what seems like forever. and you know, one of my questions for chairman greenspan is, just exactly what is this doing to the overall market? what is this doing to our system. are we running a risk here, david, of creating another asset bubble by leaving rates like this, low, for so long? david: right.

he is the first one to do it. mr. zero interest rate himself. he raised it a little bit afterwards. trish: yes he did. i was looking through a lot of data today, matching up home sales where interest rates were back then. david: right. trish: he was actually in a raising rate environment. david: yeah. trish: which begs the question, as you think about it, david, you wonder in some ways did banks have more intent tiff in lend in environment where they stood to make more money off these loans? david: possible. trish: maybe government policy, barney frank and company were encouraging banks to lend, lend, len and back it up with government taxpayer funds. david: trish, there is rule. we can't mention barney frank's name ever again. only in context of that particular financial law. trish: i didn't know that. david: only way we bring up the name. we'll be watching. meanwhile are boomers and millenials looking for opposing things in 2016? jillian melcher, "national review" columnist, takes on

charlie gasparino. folks you will have to guess who is the millenial and who is the boomer here. give you one wild guess. stop it. >> biting my nails because -- david: listen, you're not investor. >> yes, i am. david: some investors are biting their nails. jillian, what are you looking for? >> i think he is biting his nails because he is about to debate me. david: oh, nice. take the bull by horns. what are millenials looking for? >> i think they're really concerned that older generations taking more out of the system and we're putting more. david: you can point your. >> who buys national review? old white men? who is on "the national review" crews? old white men. >> young millenial women. >> you are one. >> this is it not about the crews. this is not about the crews. david: finish your point. finish your point. >> you're diverting. david: go ahead. >> this is about millenials, only 6% of us think social security will be around

as it is. 39% think we'll be putting a full amount in but only taking partial amount out. david: you don't care whether you will get social security. what do you care about? >> we're concerned we'll not get social security. i think we're concerned that we're paying far more in premiums to subsidize older americans. david: by premiums you're talking taxes? you're paying too much in taxes. >> putting more into the system than we get out of it. david: what about boomers, don't they have a likes cause there? >> i would say this? who finances "national review" crews? boomers. the only, did you pay to get on that crews? >> i earned money on the crews. david: why are you fixated on the crews, charlie? we're talking about what boomers and millenials -- are -- >> they're financing "national review" crews. they're financing sales of "national review." david: are you inspired by "the nation" magazine? >> you talk about millenials so hard. david: what is the biggest concerns about boomers right now? >> we have many concerns. we don't like the fact that millenials, maybe not jillian

that vote for president obama. throwing into hock. david: boomers did as well. charles payne did the first time. >> a lot, i don't blame the first time. after john mccain -- david: it is second time you have to wonder. >> i love his personal story, i would never, i detest what donald trump said about him -- david: but -- >> he was erratic candidate. second time around. boomer, millenials have been very consistent in favor of president obama and this current welfare state. i tell you, a lot of boomers like me, on younger end of boomer generation -- >> i can tell. >> we worry about, we worry about our retirement. whether we'll be able to collect social security. whether the country is in such hock right now because the millenial class, people behind us are not very productive to begin with. david: what do you think about, that jillian? >> i think that is patently outage just. >> who pays for "the national review" crews? david: forget the crews!

forget the crews crew cruise. >> we're paying a lot of money in taxes. we have taken on college loan debt -- >> did you go for free? >> that is irrelevant. >> charlie, too bad you're a pundit and, no -- >> write my obituary. >> too bad you're a pundit, not a boxer. david: slightly nasty turn in this debate is taking on. >> "national review"'s cruise is microcosm -- david: the cruise. can he forget the cruise! >> bunch old guys financing trip for her. david: we literally run out. not just because i'm disgusted with the segment. we have run out of time. key democratic senator bob menendez opposing the iranian deal. more ahead.

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david: so within this hour we have heard it is official, he is still talking. that is bob menendez, senator from new jersey, used to be head of the senate foreign relations

committee, saying he is opposing the iranian nuclear deal. he now joins chuck schumer as two democratic senators so far who have to get 12 other senators on their side to override a veto. i will see you again at 4:00 p.m. eastern time, just two hours from now. thanks for coming. see you later. "the intelligence report" with trish is now. trish: thanks a lot, david. we have lots of news coming our way right now. donald trump says, it matters, the private server of hillary clinton matters, the truth matters, all of it matters. more of the social media gren made throwing at his target former secretary of state hillary clinton. former federal reserve chairman alan greenspan joins me this hour. plus if you make a hall million bucks a year should you live in government subsidized housing. turns out in bill de blasio's new york city, you can. this is government gone wild. plus souther