you were extraordinarily diplomatic and, by the way, you know, stuart as tough as he was within father morris held his own. and the market managing to hold its own today as we continue to monitor pope francis, we are going to be giving you pictures during, which will be in spanish. i think we'll be dipping in a little bit. again, it's always a little bit bothersome to deal with a translator. >> we'll give you a feel for it; right? well, the dow ending the day in the red for the fourth time in five sessions. investors largely brushing off notary public weak economic reading in china. >> and as you're seeing on the left of the screen there, we haven't forgotten the markets but the pope, his motorcade arriving at the national shrine in washington d.c., a beautiful shrine, by the way, if you've ever seen it where his first mass in the u.s. just a few moments from now. >> and amazing pictures here you're taking a look at with pope francis. >> it's open, it's completely

open, this is a nightmare for security experts, they are scared to death of this but this pope is scared of nothing. again, the faithful, nothing kills faith like fear and nothing kills fear like faith. and father thomas, dominican price invite and u.s. spokesman of united nations and fox news contributor and mike baker, former cia agent, this is our panel for the pope and we were just talking, mike, about the security nightmare that this must present my goodness there's the pope out in the open, clearly there's a lot of security there on the ground. what do you make of this? >> well, they do this all the time, the vatican security travels with the pope and the vatican security is unusual in that throughout their travels around the world, they have a great deal of say in the security protocols and procedures on the ground and

the host country, which is -- again, unusual. so they work very closely with the secret service but you're right. at the end of the day this is one of those things you always worry about, whether it's the pope or the president or anybody else, they want that access to the public. and more so obviously with the pope. and all you can do is, you know, rehearse, practice, consider every possible bad plan and go forward. >> mike is dressed in cog in it owe,. >> i just got off the horse. >> i'm sure you did. and it can be quite hot in september, at the end of september, today not so gorgeous day thank god for the hope because he comes from cuba, where it's blithering hot, so this must be some

relief as a man in his 70s, i believe that's the cardinal on the pope's right, surrounded by a lot of red and pink hats, i want to go to richard before i go to father petary to talk about the mixing politics and religion, you never do that at a dinner party and, unfortunately, has been done with the pope, he's playing into the hands of manipulative politicians by mentioning climate change this morning in his speech at the white house. what you think, richard? >> well, look, i think he started off as well at the white house with a little content on immigration and immediately both sides were saying, oh, he's talking to republicans and their mean spirted immigration policy. but it was interesting because the pope did not say anything about illegal immigration. he was just talking about this great country of the united states being an immigrant country. so i think people are going to

look at both sides of this and read what they want. certainly the liberals who are loving, some of the immigration and climate change, messaging are not saying anything about the pro-life stances of, you know, the catholic and this pope in particular. but i think the crowds are massive because we're looking for religious teaching. we're looking for the pope to give us a moral clarity and a challenge to live our lives better. that's why there are massive amounts of crowds and why people are anxious to participate in a mass. most people are not looking to look at the political dynamics back and forth. >> and it is an exciting moment, the pope just went inside, that's what we're being told right now. i want to turn to father thomas, though, for a second because we were just talking about the political comments that he made in his discussion with the president this morning. he's going to address congress, this is his first time in america on his very first visit, he's addressing congress.

do you expect more political comments out of the pope? >> well, thanks for having me on. i do think that whenever the pope speaks, he challenges based on his moral authority, spiritual authority, and we're trying to live our faith in all sorts of venues and that includes in the political sphere. so if he's going to challenge i think the american people and catholics in america to be of service to those who are most vulnerable to those who are most poor. so, yes, i mean -- but these are based upon firmly held principles of faith but also principles of reason. >> well, father, let me stay with you for a second because there are areas in which faith is being challenged by politics in the united states, i can think of two right off the bat. first of all, you have a president who is forcing nuns in one case to give up their charity work because he wants to enforce a part of his health care plan that they cannot consciously go along with. you also have something from your own tweet, you're a

tweeter, father, i have to out you on television here, and one of your tweets i found you say i'd also like to see barack obama explain when he comes to dc the charge that the church was the isis of middle ages. of course this is something that the president implicated, which was really outraged a lot of people. do you think we're going to see any talk on those two issues? >> i think so and, in fact, the speech this morning at the white house, i was on the south lawn when the president received our holy father, everyone's talking about the holy father mentioning climate change but he mentioned that he's going to go to philadelphia to support the institution of marriage and family and he said at this critical moment in our history of civilization, also spoke about building and inclusive society and then went on to say that catholics are in favor of that but they're also concerned that the organized of society not affect or not

negate their deepest held concerns. >> i want to press you odds point because what happens or what they talk about is important, not just in generallallities but do you think they'll target this issue, the obamacare rules that impinge on the rights of sisters of charity? >> i think he will but when the holy father -- when all popes come to america, and this is the fourth pope to come to the united states, they never in their speeches not to my knowledge never explicitly address any particular issue or law, but they will speak very generally and for those who have ears to hear, you'll see the criticism of what's going on i think with the hhs mandate with the little sisters of the poor. i think to be honest, i think this morning's speech at the white house was, in fact, a condemnation, a gentle condemnation of what we've seen going on with the obama

administration. >> well, before you guys go, i just want to ask a quick question, pretty soon the pope will be ours. he'll be right here in new york city, and we will pass a near stone throw right from the studio on 6th avenue. he'll be visiting us, mike, did that give you pause? is it tougher to protect him here in new york city than it is in washington d.c.? >> well, no. both cities are extremely well versed and practiced in this sort of high profile security and the movements involved. new york, pd and the other authorities involved and the intel units are terrific, they're absolutely outstanding, so they will be as prepared as you can possibly be for this. and, again, as the pope has pointed out himself, you can't account for everything; right? but you've got to get out there, you can't stay in a foxhole. >> by the way, just the opposite of that, he's going to go to the united nations

tomorrow, by the way, going to the united nations, going to go to central park, sorry this is on friday. the un, central park, madison square guarden, world trade center, mike, those are four places, of course you have to travel between them with places that are clogged because the un is in session. you can't under play the nightmare that this for security. >> no. that's right. the residents of new york city are -- they understand what it means on a daily basis not just when the un is in session but on a daily basis what a means they have a nightmare trying to crisscross the city. but with something like this -- and, again, they planned this out. nothing happens and is left the circumstance. so the vatican security, again, which is very involved with the local authorities and the movement, they have been rehearsing and working this over and frankly most of the security and the precautions

and protocols, you'll never see. a tip of the iceberg is what you see, everything else going on to keep the pope safe and keep these movements moving, you just won't notice. >> well, it's fascinating and the picture's amazing. the pope will about to begin his first ever mass on u.s. soil. now, we're going to keep you updated as it happens. and the president of china is in seattle, washington today meeting with tech giants and business leaders seeking to build relationships with america's top companies. jo ling kent has the latest. >> gerri, dave, doing robust business in seattle on day about to of his video. reported that boeing sold 300 new jets to china and will build a new plant in the mainland. first of its kind. this comes ahead of boeing production facility tours with the chinese president. meanwhile earlier today met with top ceos at a roundtable discussion.

among the high-powered attendees, general motors, apple ceo tim cook, and jeff of amazon, and dow chemical and warren buffett. there he promised china was capable and will be capable of maintaining a relatively high rate of growth long into the future. meanwhile tuesday night the ceo of starbucks howard schultz drinking what else? pike's place special reserve starbucks coffee. there president pledged to give his exports a boost. she out ride denied china engaged in the hacking but added he would corporate with washington on improving the situation. also on the agenda today, a tour of microsoft headquarters with ceo as president she meets with all of these business leaders, he also prepares for what could be a very tense state visit in wah later this week. the white house says it plans to directly address the issue

of government sponsored cyber steeling of intellectual property and business technology. plus human rights all on the agenda. dave, gerri. >> jo, thank you for that. and a new report that 5.5 million government workers had their fingerprint stolen in that cyber attack that stole the personal information of 21 million americans. now, father greater of the initial report of 1 million fingerprints stolen. >> unbelievable. meanwhile a corporate shake up in volkswagen of the emission scandal, announcing its resignation, remember it was just yesterday he said he had no plans to step down. the criminal into the german car manufacturer's actions is spreading. now, other countries are investigating its diesel vehicles. jeff flock has had all the breaking news on this story right from the get-go with a couple of days ago. he joins us now from chicago. and he said yesterday i'm not resigning today, what's next?

>> and the other thing, david is not only did he resign, he pulled the sergeant schultz on us. he said i knew nothing about this whole thing, but i will resign anyway. some day i would like somebody to say you know what? it was me. i did it, i'm guilty, i'm resigning, whatever. but anyway. the executive committee came out of the meeting after it was announced and said he's resigning but dr. winter corn had no knowledge of the manipulation of emission. so at this point we don't know who is responsible. they did say, though, further consequences are in the offing, the executive committee is expecting further personnel consequences in the next days, said their statement. so i think heads are going to roll there. a lot of people said vw is in ses e, ty could go bankrupt. i offer you a contrary view, however, i know we've said a lot of dramatic things of what's happening here and certainly it is. but you should know that vw has on the books currently nearly $30 billion in cash.

so if they get a big judgment or they have a lot of problems, they've got shcushion there. they paid 2.6 billion in dividends this year alone. also we should point out as we did yesterday reporting for the first time here on fox business that vw is not alone in having been charged with this sort of thing and it could be that there are others out there as well, at this point we don't know. the other point i would make is that unlike the situation at toyota and gm, nobody died. but there are about a half million cars out there, half a billion cars out there, 500,000 -- no, half a million that are spewing toxic pollutants they're not supposed to be. so meanwhile -- >> meanwhile he knows nothing? nothing? you've been waiting for years to use that line now you get your chance. >> sergeant schultz. >> we remember well. thank you, jeff. >> all right. let's take a live look at our nation's capital. just minutes pope francis will begin mass at the largest roman catholic church in the country. more than 100,000 witnesses

are expected both inside and outside. >> it is exciting. we -- there's no way to get around it. it is a very exciting moment for our nation. plus lost and found hillary clinton's e-mail controversy far from over. now the fbi turns out they have found e-mails in her server. where will that investigation go? . >> what do you know? and american dreaming, how the recession is still hitting millions of workers right where it hits most. stay with us at mfs investment management, we believe active management can protect capital long term. active management can tap global insights. active management can take calculated risks. active management can seek to outperform. because active investment management isn't reactive. it's active. that's the power of active management.

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>> and we have breaking news, you are looking at live pictures, this is a national in washingto washington d.c., the mass is going to begin in moments, 25,000 ticket holders

inside the church as many as 100,000 people outside watching on a big led screen they have at the national mall. this is the pope's first ever mass on u.s. soil. in fact, this is the first time the pope has ever been on u.s. soil beginning yesterday with his visit. it's highly unusual for a world leader not to have spent any time in the u.s. in fact, a world leader who spent most of his life in the americas but not in the northern hemisphere of the america having been from argentina. again, tomorrow is a huge day for the pope, he speaks before joint session of congress that he does a tour of washington d.c. and then finally goes to new york city and at 6:45 will be at st. patrick's cathedral here in new york. so today is an easier schedule than the one he's going to have tomorrow and the day after tomorrow, which i won't bother to go into. but this is a man who is in his late 70s doing a lot. >> absolutely and the first

pope from latin america, very special. his holiness. and the mass isn't the only event on his jam-packed day, already getting political when he spoke on the south lawn at the white house earlier discussing with president obama, what he might say when he addresses the joint meeting with congress tomorrow morning. and peter barns is at the white house to give us the highlights of pope francis' day. peter. >> that's right, gerri. this pope is not thigh, he is outspoken, he is vocal on issues has very strong beliefs on many issues, and he articulated some of them here when he came to the white house for the welcome ceremony with the president this morning, he talked about immigration, he pointed out he himself was an immigrant to argentina, he said that they mention the u.s. was built by immigrant families, he talked about normalization of u.s. relations with cuba, which he pushed hard for.

they talked about poverty inequality and no surprise, he praised the president for his initiatives on climate change. >> the urgency, it seems clear to me also that climate change is a problem. we can no longer be less to our future generation. >> and the pope said that when he addresses congress tomorrow, he hopes to quote offer words of encouragement to those called to guide the nations political future. gerri. >> thank you, peter. >> all right. and once again we're going to stay on this. we'll be running pictures from the mass as i mentioned before the pope is going to be reading in spanish, it will be translated simultaneously, sometimes it can be a little tedious to listen to it, but we will dip in once we have

the reading from the scriptures, which i assume is happening right now. and we're covering a $5,000 problem, that had the pharmaceutical company changing the price today. we'll give you the new details on that. >> plus happy birthday is free at last. we'll unwrap the details on the now public song. coming up

>> breaking news here. the pope entering the church where a special mass will take place. thousands of its static catholics there to watch the pope right here on american soil for the very first time. very excited crowd. many, many people gathered in that sanctuary there taking note, listening, very exciting time if you're catholic, it's a very big deal. >> actually even if you're not catholic. this is one of those popes

that really has cross deno denominational appeal, and the circumstances of this mass cannot be under rated. i mean this is really the catholic mass does it well, and they have brought out everything they have for this particular trip, it doesn't happen very often when the pope comes. so when he does, they'll go out of their way to make it a special event. we're all going to be watching and going to keep as many as possible this in your view as well. but there are other stories that we want to touch on. the calm after the firestorm pharmaceuticals is backing down. this after the company's 5,000% price increase on a drug it recently acquired, joining us now is fox business' liz macdonald who has all the details on this story. and they recognized this was a pr disaster; right? >> yeah. that's right, david, and what happened was last night martin the man who

bought the company, basically said he will reduce the price of the drug that basically helps out with an hiv-related disease, and he didn't say, though, how much he would reduce the price to. he had said he was going to raise it from $13.50 to $750. so still we don't know if he's going to reduce it to, say, $600 a tablet. what we do know now is that after he made those comments, his twitter account went silent. in other words, he blocked everybody. he took it private. and he was making some interesting -- posting some interesting tweets to that account, you know, up until the time last night when he announced that he will not be raising the price to $750. by the way, a point of order here, just an agenda, the 18-month treatment at that 750-dollar price would amount to about half a million dollars. so that's a big price tag. so he really walked into a

controversy, hillary clinton not drawing back her plan to reign in drug prices either. back to you. >> right. as if that's the solution. a government take over. thank you very much. >> sure. >> the pope is not the only foreign leader here, the chinese president is in the u.s. for his first visit but with all of our points of conflict, is the president relying on u.s. business leaders to ask the chinese a tough question? an incredible story here. >> absolutely and promises made promises broken why starbucks are mad a year after promises were made. stay with us excellent. researching a hunch, and making a decision. time for a change of menu. research and invest with e*trade's browser trading. e*trade. ♪

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>> welcome back. breaking news. live images here that you're looking at right now of the historic candidatization mass just beginning right now live to get this 25,000 ticket holders standing outside out in the sunlight, beautiful service in a few moments the pope a spanish missionary, the very first on american soil will bring you updates as we get them. those are the live pictures right now. >> very exciting. and, again, as soon as he goes in, we'll dip in and get some of that for you. meanwhile an extraordinary story the wall street journal today about how the obama administration is pressing u.s. firms to speak out to the

chinese on issues of cyber security threats and other issues while president is here. so what does it say about this administration that would enlist u.s. companies to do its diplomatic dirty work so to speak? with me now, anthony, and fox news contributor steven, former vice president cheney, and fox news contributor richard is back with us as well. richard, i've never heard of this being done before, i know it's hard for a president to speak to another president about bad stuff that that guy happens to be doing. but u.s. companies to do the dirty work seems to be the first, no? >> yeah. it's really shocking actually. it settling saying i don't want to do it, what about the you? so the president of the united states really need to step up, and he needs to be the one that actually says to the chinese stop hacking, stop

taking our content, stop taking our intellectual property, except this president is really bad at negotiations. so he's not able to do it so. the problem for u.s. businesses is the first one that does it as you know david it's going to be whack-a-mole. the first business that does it is not going to be able to compete inside china we've seen it with yahoo and google and all these other companies who immediately accept the chinese demands because, well, everybody else is doing it. so we need the u.s. government to step up and speak for everybody. but i do think that the u.s. businesses should follow the u.s. government's lead and she should support the u.s. government policy, which is to speak clearly and be transparent about. >> yeah. >> chinese hacking and chinese problems. >> now, steven, your old boss, dick cheney was never shy about speaking directly to foreign leaders. but to me, and richard just brings out a great point, the

first businessman that steps forward to knock down the chinese is themselves going to get knocked down, they'll never do business in china again, which means that no u.s. boyce will probably do this. and furthermore which means that we're not going to get any business done on this trip if that's the way the administration is handling it. am i right? >> well, i think you're right in the conclusion at the very least because i don't believe a lot of businesses going to be done on this trip, usually very little business is done on these u.s., china visits, it's a lot of exchange of talking points. i was a liaison officer when brown was doing this same work for bill clinton. there's an element of this that has gone on for a very long time because the chinese has consistently stole our intellectual property and consistently given unfair subsidies to the american companies. and we have been basically fighting amongst ourselves for the decades about how to get out of this problem of who speaks first. >> but, jonathan, it's going

even further than that. now, we've never had incidents like we've seen in the past several months, in the past year, plus the chinese are now pushing on other fronts going into the south china sea, challenging our own planes in flight. i mean u.s. businesses shouldn't be involved in this kind of diplomacy, should they? >> you can't compete with economic power with military power. companies have to make the choice whether they want to take the risk and do business in china and, you know, i invested in venezuela about 15 years ago, those investments did not do so well as that government got more authoritative and less free market. so to the extent that china engaging in antifree market and practices like violating ip, like trade ricking, like tariff, that only hurts china. so if the president wants to do something, i think he should set an example and make this country the location for international -- >> richard, i just have to ask one final question, make it quick if you can. has this administration

advocating all of its authority in trying to affect world affairs? >> yeah. it's just really weak in negotiation. it's unable to it, it doesn't want to be disliked, it wants to be liked by everything. and that's what the policy is across the board. >> unbelievable. jonathan, steven, richard, thank you very much, gentlemen gerri? >> well, broken promises, that's what starbucks employees are talking about, they say they still endetour regular schedules and difficult taking sick days, getting enough rest between shifts, this a year after the company ceo promised to improve labor conditions for workers. and hillary's deleted e-mails are coming back from the dead to haunt her. coming up next what's in hillary's e-mails, and we say goodbye to one of america's great. technology empowers us to achieve more.

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recover deleted e-mails from clinton's personal server, both personal and work-related. with more on this, fox news chief white house correspondent ed henry. ed. >> good to see you, gerri, what's significant about this of course is that hillary clinton at the beginning of this story back in march at the news conference necessity un insisted that she deleted about 30,000 e-mails that were yoga, her daughter's wedding planning, there were skeptics at the time saying was that really all personal? were there official e-mails if in there? the fact that the fbi is now recovering those personal e-mails suggesting maybe there's more in there and that's obviously something that they're going to dig into. and then in terms of the work-related e-mails. one of the questions that fbi is investigating we're told by sources is is there more classified information in any of these e-mails that were deleted? and so hillary clinton turned over work-related e-mails. she said she deleted the personal ones beside she turned over official e-mails to the state department for recordkeeping and some over to the special benghazi committee

in the house because of a subpoena. if she did not turn over all of those work-related e-mails and now the fbi is recovering some of them, they're going to match up and see if there are any discrepancies. there could be trouble there and also for vice president joe biden, new bloomberg poll says she's a few points behind hillary clinton nationally and a lot of democrats watching that. >> and he hasn't even announced. ed, thank you for that. >> good to see you. >> boy, ed is good. now that the fbi has recovered e-mails from hillary clinton's server, what are they going to be looking for and will the fbi, run by the justice department, follow the evidence wherever it leads? let's bring in the panel to talk about all those things, manning, senior policy analyst for the independent women's forum, christy is with new heights communications and steven is back with you. and the main thing i would be looking for would be any kind of conflicts of interest between the clinton foundation, the work that she was doing there, and the work that she was doing for the

state department. that's of great interest to me. what's of most interest to you? >> well, certainly the story that keeps evolving around the e-mails and the server is winding a distrust gap that voters feel regarding secretary clinton including, yes, the clinton foundation and benghazi and also the decisions that she was making. she hasn't really got ahead of the server controversy with her own narrative, the narrative keeps changing, her response has really been a failure on top of the cloud of questions. >> right. >> around how she made those choices. >> well, we'll talk about the political implications. i just want to focus on the server and the information on it. steven, are the simple aspects of just the classified stuff that might have been put on this server of interest, is that the primary or the exclusive interest to the fbi right now? >> i doubt it's the exclusive interest, but it has to be the most high priority. given that that is by la where the greatest exposure of concern could be. but they're also going to be looking at questions of

proprietor and she hasn't the only one involved, so they have to be concerned about a whole host of things with the clinton foundation, her aids, benghazi, and all of this stuff plus the classified the fbi would have interest in all of it if they find it. >> christy, do you think that the fbi would follow this administration -- this evidence wherever it happens to lead? now, i know you're a democrat, and you may not like some of the affairs of the former secretary of state, but if it was a republican, for example, would the fbi is a completely independent to go wherever the evidence takes it? >> i'm not sure about that because remember just two weeks ago the justice department had said that there was no legal basis to go back and rereview these e-mails because secretary clinton had done nothing wrong by separating out the personal from professional e-mails and then deleting what she said were the personal e-mails. so i'm not really sure.

i mean in terms of obviously what they were looking for, i would say it certainly is whether she knowingly passed on information that was considered classified. but in terms of the practical aspect of this, it's not really clear what's going to happen. i don't think we should expect to see that these e-mails are going to for any reason become public like some of the past e-mails have and therefore i think it's going to be difficult to make much of a story out of it going forward. >> interesting. that's a very interesting analysis, i'm just wondering because you know how investigations work. sometimes what you begin looking for is not something that you're led to by the evidence that arises and, again, if the fbi comes up with some evidence and goes beyond what steven was talking about, what was classified, maybe the conflict of interest between the clinton foundation and secretary of state, would they follow that lead or not? >> well, certainly they have a responsibility to investigate to the fullest extent of the law and the fullest extent of

their authority. the trouble for the clinton campaign is that you're right. we don't know what's out there, we don't know what's in the e-mails and the position of the campaign for hillary clinton has been that there was no classified information passing through the server. >> right. we know that's not true now. >> and proven negative. >> yeah. >> and you can't prove a negative in this case. there's too much information to sort through and the spectator of classified information being out there is in america's mind. >> steven, i was just wondering if the fbi gets a hint of something happening between the foundation and the secretary of state role. but it doesn't specifically have to do with classified information. do you think they would follow that lead? >> well, there are professionals in these agencies that have gone from republican to democratic over the years and, in fact, they would do so and, in fact, if they don't, that would be the anomaly and i think at this point there's a lot of bait in the waters for them to go loo. >> okay. we will undoubtedly be talking more about this. thank you very much. >> thank you. >> baiting the waters, i like that. happy birthday is back in the

public domain. a federal judge ruling that warner capital, the company collecting royalties does not hold a valid copyright to the song. deirdre bolton. >> did you ever notice that if you were in a restaurant servers accounted sing the proper version of happy birthday? so this is a game changer for all of us. as you rightly said this copyright is now pretty much up for grabs so you can be serenaded at any place but this is an investment, we talked about it a lot with michael jackson, a lot of his wealth came from the beetles catalog. so in about half an hour's time wab we're going to talking about certain intellectual property is the right kind of investment for you. >> wow. i had no idea about the service, and i will see you at the top of the hour for risk and reward. >> i actually never paid my do you see for every time i said it and sang it. >> you still owe money.

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>> the mass is underway at the national in washington d.c. with the pope and this is not just a regular mass, if you've ever traveled much in the west coast, i'm sure you've seen the name juan, now, that is a name of the person who is being candiddized right now in the united states, never been done before, candiddization

right now in the united states and the pope is involved in this process at the moment. >> amazing scene. well, moving on, americans and retirement funds. according to bankrate.com, 30 million people are dipping into their retirement savings early, prematurely, and gregg, i'll start with you. this is your study, my friend. 30million people, is that higher than last year, lower than last year? are more people tapping than we've seen in the past? >> gerri, it's a big number, but actually it's a little bit better than a few years ago when the economy was on shakier ground. at the time about one and five americans had tapped their retirement account for an emergency in the preceding year. that's improved now to about one in eight. but the one statistic that's going in the wrong direction is that we found 21 million americans don't vein

retirement savings. that's detieriated from a few years ago, it's now up to 9%. >> and of course when with you tap that.earlier, this is money you can't make up, you've got to make sure you keep putting money in, it's difficult to make up that lost time. jonathan, up to you. what i'm wondering is that if this is a canary in a coal mine. we have some folks in the survey say our personal situation is deteriorating quickly,. >> and to gregg's point, the fact that so many americans can't even put together the assets to start a long-term savings plan. you hear a lot about the recovery and how more americans are working but when you talk to the men and women in this case, it's really surprising how difficult it is for people to not only make money but to pay the taxes on it and then to begin to put it away long term or intermediate term, that's tough to do

despite today's seeming better economic numbers. >> yeah. you think it's better but when you look at the street view, it seems very, very different. i want you to speak to some details in gregg's study here that i thought were fascinating. boomers, people sage 50 to 64, 24% said their financial situation is deteriorating but millennials say 54% say, hey, we're better on perform what about the disconnect here? what's going behind that in your view? >> well, millennials were entering the labor force at a difficult time, we were entering during the midst of the great recession or right after when it was most difficult to find a job, especially if you had no experience. so my generation we're risk in a way the older generation aren't, sometimes that hurts and sometimes that helps us, we were the least in retirement funds for youth. on the other hand sometimes it's good to take a risk and you mention the time value of money. i think there are a lot of economic concepts, personal financial -- >> yeah. i'm feeling really gecky there. >> but i think education is important. education is a key to this

too. >> absolutely. gregg, i've got to let you wrap this thing up. tell us what you think the difference in the generations, why are the boomers, their reactions going on so different in their lives than what's going on with millennials is that millennials are just more positive and upbeat or. >> something really wrong going on with boomers? >> well, boomers were really hit hard by the recession. you know, a lot of them, they saw their 401(k) balance fall in half, and then many cases they bailed out of the market, they never saw the recovery, the value of their house fell, they suffered more than any other age group in terms of long-term employment and now they have i didn't tell to recover and feeling the pain and their responses indicate that. and on the other hand the boomers, rather the millennials, which are in some cases their children who had a front row seat, they had the memo of how important saving it, so they established that emergency savings account, they started to save for

retirement at younger age, and be it coming from a smaller base, they are seeing progress in their financial situation year in and year out. >> i've got a theory on this, guys, and i'll share it with you. i think the boomers are paying for the millennials, their kids, and that's why their finances are in such bad shape. that's what i hear from financial advisors every single day. >> i think your theory is right on. meanwhile a great athlete and a great infrastructure, yogi bear. coming up next join us as we celebrate eddie's retirement, and start planning your own.

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saying had a depth that were overlooked. like will rogers and others, yogi was not confined to the ivy league, sometimes out of the major leagues. what was your favorite yogi berraism. >> you can observe a lot just by watching. >> i love it. >> isn't that awesome? [ speaking in latin] . deirdre: pope francis currently holding his first mass in the u.s. at the national basilica in washington, d.c. fox business' peter barnes with me now. so peter, the pope had a very full first day. >> yes, very first day of his