something very enjoyable and successful and all of it being ruined by these events. stuart: it just overshadows that flooded millions. one after another. what a disaster. are we ready? charles payne, is he ready? i've been told to stretch. but if not all about? charles: i was enjoying a conversation. nobody's going to make me not enjoy these olympics yet i'm so proud of these olympians. >> i just don't want this problem to overshadow brilliant performance. charles: i agree 1000%. see you later, guys. right now, or it is threatening to keep up with to natural disasters. california wildfires not letting up and the costs are piling up. i am charles payne in for il cavuto. devastation from coast-to-coast

via paris, louisiana dealing with the biggest disaster since hurricanes and he peered over 30,000 people arrested since the flooding began last friday. homeland security chief jeh johnson to assess the damage of 70,000 people have signed up for federal assistance from the map. thousands are without power. 100 plus degree heat and the american red cross say costs could top $30 million. the group's president and ceo here on the progress. thank you for joining us. another horrific disaster. give us an assessment of where you are and what it looks like on the ground. >> well, the devastation here is incredible as you pointed out. it is our largest disaster risk bonds since superstore and standing. as far as the eye can see, the show so much devastation and flooding. you can see where the watermark and then in so many people have lost their home.

in fact, at the peak of all of this, we had 10,000 people living in our shelters and we have over 1000 volunteers and workers on the ground here that are helping out. you can see behind me as bringing more and more volunteers in to help the people of louisiana. really a large operation. even last that we still had 8000 people in our shelter and we are providing food, comfort, lots of hugs, mental health council volunteers that are in our shelters helping people deal with their loss. it is a massive operation and we are going to be here for the weeks and months ahead. charles: when you talk about the thousand volunteers, they come from all 50 states come a testament to stepping up. in this particular case, this area makes it a lot worse. a lot of these folks completely

flat-footed. where do they go from here? >> you're absolutely right. i visited two of our shelters yesterday. imagine you are living in our home one day and the next day you are sleeping on a right cross shelter. these are areas that don't normally get hit this way. your observation about volunteers is absolutely right. our volunteers pack up their things. they leave their families. they stay here for weeks. they are sleeping and staff shelters on cots writeback to each other. it is very trying. these are true humanitarian fantasy are true humanitarians and they see immediate benefits across the country and they want to pitch in and how good i will also say that the folks in louisiana are so touched by all of this that we've had an outpouring of spontaneous volunteers that just want to help their neighbors, which has been great.

charles: gail mcgovern, the low countries that do. we appreciate the work you're doing. we will check back in frequently. thank you. >> charles, if you don't mind, we could really use some financial assistance. charles: i'm going to read up right now. i will tell everybody how to get that money to you guys. or do you million is not enough. you are looking on the folks. the red cross accepting donations. you can call 1800 red cross or donate through their website, www.red cross.org. 30 million to me sounds very low. thousands rescued from this historic flight. steve is a louisiana landscaper using a military style landscaping truck to help rescue people in the storm. steve joins us now. first and foremost, thank you very much. he stepped up to the plate. you had a great idea. explain the devastation and desperation viewers eating. >> desperation is unbelievable here. lots and lots of our customers,

community members, just fellow people with almost unbelievable to see the sadness and the tears that the extent people with the help of our police department and firefighters and city council. charles: what we all remember katrina and we remember the waters you start to go into the psalms and other places. just when you think it is a worse disaster you've ever seen and gets a lot worse, are you helpg at all with at sort of thing as the water starts to recede a little bit? >> yeah, we are. we are trying to land our crews to the native people and we are tearing our carpets and drywall, insulation. i insulation. our restaurant is providing food to all the rescue workers and the needed people in the shelters. charles: before i let you go, we

just mentioned the red cross on how to get aid there. if there's anything people need to know how to get help, is there any message you want to get to the american public? >> please donate, please pray and our strong towns will rebuild. it will be changed, but we will be stronger and better for it. charles: steve scarsella come you've done in her relic thing. we salute you and good luck and god bless. >> thank you. thank you, charles. train to raising wildfires at 80,000 residents in san bernardino county have been evacuated. the fires only 4% contained. adam housley and little creek, california with the latest. >> the official numbers are 4% contained. a lot of firefighters will tell you they have a better handle on 4% because the fire burned on itself last night and also there is some freeways and roadways that became natural roadblocks

for the fire. this is what blew through here yesterday. it just took out homes. people have no chance in some cases. this one collapsed on the dolphin burned out. behind it you notice the desert scape that now remains. up on the hill, one home that was saved. these areas off the 15 freeway which is now open on the way to vegas but not on the back from vegas because they are fixing the guard rails when the fire moved through there. a lot of damage here. the commerce is starting to pick up in the sand to freeway is open to good vegas but there's still a lot to some eyes and a lot of people not able to get across the path to get into the l.a. basin. they do hope to open it today as soon as the guard rails are repaired. charles: adam housley, thank you very much. thank you very much.

the markets, bombers surging after reporting it growth. more shoppers head to the store at a time when others are struggling. many are questioning the health of the economy and the american consumer to former reagan economic adviser art laffer. one thing standing out today with corporate earnings, the federal reserve in today's philadelphia fed, a lot of anticipation as a huge surge in our economy in the second half. i'm not sure what ever sure what ever one is based in the sun, the sun, but do you think that as well? >> no, i don't. no major change in policies whatsoever and why would the economy surge if there's no change in the environment in which it's operating. they just won't. what you really see on the market is that as a anticipate an election and a change in policies going forward, maybe starting may 2017 on. if things go well i can imagine

the market going extremely well. i don't see why the economy would do much better than it has been doing given no change in policies. charles: what about the notion wages are beginning to inch up a little bit. people getting more confident that the great recession is over no-space ... keep it. two thirds of the economy stepping up to the plate. charles: has been over for seven years now. the single worst recovery on u.s. history and the reason is because we've raised taxes. we've had terrible monetary policy and we've done all sorts of regulations that have restricted the economy and kept it the way it should have. is just a tragedy that all these people at not gotten jobs, but that's the truth. when you look at it, i don't see any indicators that tell me anything is doing better than stumbling along a growing population growth. charles: how do you reconcile the notion that whilst it is

comfortable with hillary clinton who is going to double down on the statutes, high taxes even more, add more regulation and really going to push with the idea of redistribution of wealth. why does the same that wall street is comfortable with this? >> i don't think wall street is comfortable with it. whatever they say they can say. the ceos get a lot of news coverage when they go and say stuff like this. bottom line i think if hillary is elected first time, the stock record will perform about words than a chump or a lack of input and progrowth policies. that is wall street to me and i don't think the stock market will do better under hillary than it would do under donald trump. it will do a heckuva lot better under donald trump. charles: let's go the other way with the conversation. if it wasn't for the slight uptick in some consumer spending and maybe wages, you could easily argue we'd be in a

recession. businesses are an investment recession. you're not going to fork out any money on the regulatory backdrop you describe. how would it be a hillary clinton presidency would bring on a serious recession not the filling status quo of lower wages, the something worse. >> the problem with this serious recession under hillary clinton's presidency is we've earned that that's way, way down. we are flat on our backs as an economy. how can you fall further when you're flat on your back. the policy is unless it super extreme like in venezuela are sent in. if it doesn't change, allah will do is stay here and never grow again. that is the real threat to the u.s. economy with no growth over the next eight years or four years. that would be the great recession all over again. we have never recovered from the great recession. we have just bobbled along literally at the growth in

population. nothing more than that. when you talk about real gdp growth, you are talking about no-caps enough whatsoever. if we had the reagan recovery, we would have 12.4 million more jobs today than we have if we had the reagan recovery we would have four plus trillion worth of real gdp. that is what we are missing each and every year. employment is a perishable natural resource. once you've lost a years worth of the guys labor it never comes back and their kids suffer and all this other stuff suffers. all these social issues you see are all in part a consequence of slow growth. it is so terrible the consequence is that people unhappy and depressed and all of these consequences. we've got to get the economy growing rapidly and you can't do that with these policies. charles: i don't disagree.

i think your new motto should be if you like your economic condition you can keep your economic condition. >> this is where i think trump should just go full speed on the economy. this is it. we tax cigarettes to get people to stop smoking. we tax eaters to get them to stop beating. why on earth do we want to raise taxes on people of their earned income and people who employ other people. charles: you're going to make me break out my tangerine, buddy. i'm with you too and i'm with you. i've got to let you go. >> thank you, charles. great being with you. charles: the justice department and a justice department and in its use of private prisons. correction core of america and those stocks are getting absolutely annihilated on the news. nicole on the floor of the new york stock exchange. nicole petallides. >> we saw the stocks plummeted. they halted and reopened. those stocks down roughly 40%.

these are private prisons. about 13 of them. the department of justice and the inspector general now that theya report according to will no longer be using these. this is because they look into what goes on in the private prisons which house 12% of all inmates and in fact they saw a lot of assault on inmate in and make correction officer. there was also an investigative detailed report from mother jones published 35,000 page detailing what went on. but the assaults going on in the department of justicend the safety overall and the security in stencil work on shutting it down. it won't happen right away but they won't be renewing contact. plummeting here about 40% in trading now i'm dairy heavy volume. charles: you know what, i am calling bs on the reason for it.

president obama does not like the private sector involved in managing from student loans imprisoned. thank you for the report. it was really insightful. we will talk to you again real soon. trump shaken up his leadership team and making some republican want to shake him. we will tell you why next. your insurance company

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charles: new details surrounding the lochte robbery claim. brazilian authorities assess -- they are now say the robbery was fabricated by the act reason they were in a drunken fight at a gas station. brazilian police are expected to speak at 2:00 p.m. eastern time. did the trump campaign in the shakeup at a shaken up some

republicans. they are hoping for a tamer trunk. so far the new campaign sounding like the old one. the big question is the backlash over blog? trump adviser michael caputo and charlie gasparino. they are calling a trump three-point out. >> finishing off what was done when they fired corydon bastille, bringing and kelley and can't like as his replacement and also steve bannon and ceo. this is an interesting combination that i don't think her publicans out there are really looking at it the right way. he may lead right guard and that's a pretty interface organization that is clearly the way he wants it. but he also runs a the accountability institute, which is a very high reputation that works all the time with incredible media organizations, exposing government corruption in both parties.

this is a guy who shifts the paradigm for a living. it's going to be a very interesting thing to watch steve bannon is the shifts for the trump organization. >> i really respect mr. caputo here. i should point out that i know steve bannon pretty well. he's a good guy, someone i consider a friend. if you seriously think about when you are, i don't think you go to a guy that is still a very good business appealing to purely your base. that is what great art is. it's the base of donald trump. bannon is a smart guy. he understands media. i've spoken with him about these issues. he gets it. at this point in a campaign you have to broaden your appeal. this is such a non-choice as far as i'm concerned. not because bannon is a good. he is really good. that is not the appeal you should be going for.

you should go more to a path of a style where you get independence which makes me think, charles, is not donald trump is that as a guide going to run and started the network for listening, it sounds conspiratorial. i speak with a lot of strategists, people like mr. caputo. they agree with that sentiment. this is going to set them up are the future which is what he's doing. charles: i want to ask you about this because people believe kellyanne conway will do the things that charlie is talking about that he knows how to get to women. we saw this speech with law and order. is that begin to the gang of bannon? >> i think so.

i used to work with kellyanne conway. i've known her for her to years. everything is data-driven. she's very bright. she's going to be really good with donald trump making sure he stays on message. i really am not afraid. a lot of people out there are looking at 10 but i guess maybe jealousy and fear. a lot of folks in the republican party who would like to have the kind of success he has had being antiestablishment. these are the same people who have had the ideas. i would like to see that side of him. >> i like the guy. he's a brilliant provocateur appeared to be a fascinating guy to talk to about this. you don't go back to your base. there is a theory here that donald trump -- that these guys

want to compete against us. charles: real quick, charlie. >> kellyanne conway is not a media strategist. he's a pollster. charles: she knows how to reach women. >> she is a pollster, not a media sensation. charles: we have delivered there. in the meantime, jobs on the line is not timing a trade deal. that's at a major ceo of ups is saying. he is pushing this really hard. he likes tpp and he wants us to like it too. he is next. ♪

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charles: let's take a look at oil had in the price since july 7th hit a six-day rally going on. a big stretch. the longest stretch in 16 months and may be $50 was inside.

meanwhile, ups is going after congress. the ceo announced the members passed a trade deal. the ceo joins me now. david, we understand since both presidential candidates are campaigning against tpp, there's a sense of urgency. it is clear the american public doesn't want it. what are they missing? >> you know, i don't believe it's clear that the american public doesn't want it by the way. there is a vocal group of people that do not want the agreement. but just a recent pew research survey showed 450% of americans believe the trade agreement are positive. i believe there's a lot of people that do see the benefits going to create jobs. it's going to create opportunities. it's good for companies, employees and for our country. charles: david, i haven't seen

it and most people haven't seen it, but they do believe that past deals such as nafta has cost us jobs. they were poorly crafted and the american workers paid a heavy price for it. what do you say to people who believe that? >> first i would say not everyone believes that either. comparing nafta to this agreement, you have to remember nafta was 20 years ago. this agreement, tpp is a 21st century agreement that is tailored conditions we are facing today. e-commerce really wasn't something that was on the table back then. e-commerce crosses borders all the time and small businesses are my arafat did by not having this trade agreement. this trade agreement has a lot of additional protection. charles: could you say to the american public that tpp would

create more jobs than it would destroy? >> absolutely. i believe that i think a lot of others believe that. in fact, the u.s. international trade commission has said it would be positive from a financial standpoint that it would increase exports and that it would increase jobs. you have to remember, charles, 95% of the world's consumers live outside the u.s. we need to embrace the future. we need to address that 95 burst that. trade to your last quarterly report, your international sales were up 11%. it was a record setting quarter for you. this might help ups more than anyone else. i do want to make it to make it personal, but do they, but i'd like to talk to you >> charles, we don't manufacture.

we ever see products or mark customers and our customers tell us that your ears to trade or to trade or keeping that from being able to convene internationally. that is why we are pushing this agreement because we hear it loud and clear. charles: we don't have much time but it want to ask you about drugs coming on strong. what it means for your business, but more to how much of a reality is there's going to be that soon will be getting a lot of her stuff delivered straight to the door by droves. >> i don't know that we'll be getting a lot of stock. drones will be part of the solution. we are doing a task now with a drone manufacturer and the vaccine alliance where we are actually going to use drones to deliver vaccines and medicines to hard to reach places ever want. we do see especially in areas that can be good use.

charles: david abney, ceo of ups, thank you for this time. charles: new developments on the timing of the $400 million payments to iran making ransom allegations hard to deny. guess what? the administration still denying that.

charles: that's just in. twitter has suspended accounts that support terrorism of the past six months bringing the total to 360,000. this is an ongoing effort to

stop terrorists from recruiting. twitter down today. the stock after being downgraded. new details in the $400 million payment to iran. "the wall street journal" reporting u.s. officials hold the cash. the story collaborates with one of the prisoner's box business. take a listen. >> you are going to be there for 20 minutes, but it took hours and hours. i asked them why you don't let us go. the pilot was there. you leave the country until the plane doesn't calm. he never let it go. charles: peter brookes on if this is even more proof. peter. >> yes, very disturbing. now there seem to be a carefully choreographed interaction between the interaction between the leaving of one plane and another plane heading towards iran. this is very troubling, creates

a moral hazard or the united states going forward when you pay off bad behavior you are likely to get more of it. i am hoping congress will look into this very closely in the fall. >> of the iran has created a larger moral hazard and a belligerent stalinist country. >> absolutely. when obama was talking about getting close to the nuclear deal, they were kind of plainness as nixon going to china in the early 1970s and it certainly hasn't turned out that way. the relationship is still very sour. iran is supporting terrorism and we don't of course know where this money has been paid to them, the 400 million for the additional 1.3 billion, what they will be used for. obviously concerned about the islamic revolutionary guard corps.

support of hezbollah, what's going on in iraq and syria and what syriand what do you remain do you rename sue in places like yemen and afghanistan. charles: a couple weeks ago, ahmadinejad and we should resist $2 billion associated with another case. someone in the past that the money would be earmarked to americans victimized by a man. any chance we will fork that over? >> i certainly hope not. this is a role for congress in their job of oversight. they will look at what we've learned more about this with "the wall street journal," what the former hostages and we are so happy they are home have said about this. they are going to look at it and they may put restrictions on it and its duration transfer of funds over these issues are charles: they may, but not this congress. appreciate it. follow from a potential hack at the nsa. the group instilling the agency topcoat now demanding $600 million to spill more secret documents. the national security staff for gillian turner.

how does the nsa of all agencies get reached? >> a lot of folks cybersecurity experts are attributing it to the russians among people who have chimed in on this because no cyberhack would be complete in the u.s. without that input. he's one of the people advocating the idea on twitter. the consensus is across the board the hack code that was published online is attributed to the nsa, but very thankfully does not constitute a national security threat to this country because it is mostly old code commit dates back to 2013. enemies can't use it for anything now. charles: when you start to think of any agency in this country that would be hack proof and i'm not sure the term is an oxymoron or not. if we can't keep their code safe, even three years old, it does speak to some sort of major vulnerability here. >> of course. it's terrible.

the intelligence in this community writ large is relaying from the snowden and wikileaks disclosures of a few years ago. since then the government has spent some on the ballpark of half a billion dollars trying to tighten up cybersecurity, reconfigures cyberoperations here it is horrific it is terrific to thank you we are half a billion dollars later and foreign hackers from any country whether russia or anywhere else can still access the nsa servers. charles: the $600 million man them or whatever they are throwing out there, how likely is it that somehow they will get some form of payment that we will see even more of this code online. >> i think the odds are not looking good for the hackers who are asking for this money. so far they've only managed to scare up a few thousand dollars on line. they are calling this kind of like an online auction to get more information. they built what they put

forward. but they are saying is if you come forward and pass the rest of this money we will give you the real treasure trove. we don't know the information that's more current that they somehow manage to the nsa servers now here in the united states and other locations where they hide stuff around the world or whether this is more old boring stuff. charles: nsa getting hacked is never boring for us. we appreciate you being able to help us understand it. fox news confirming the clinton foundation has hired private cybersecurity firm after finding indications that it was hacked or hit by cyberattack. doing really well today i'm not news. cisco in the meantime confirming thousands of jobs. is tack in turmoil? we will talk about it right after this.

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>> i am nicole petallides with your fox business brief. the good news on wall street. the dow between gains and losses could yesterday came within 20. right now down 30. the nasdaq down one. the oil barrel crosses the 48-dollar mark. the bear market territory down in recent highs. now we see of old market as it continues to gain and talking

about a weaker dollar. there is a one-week chart. the energy stocks all have out there is this week. thereupon, transocean among the leaders this week. the marathon up 12%. the stocks are higher this week.

charles: is tack in trouble? shares of cisco have of cisco has announced 5000 job cuts but they are not alone. industry with over 100,000 job cuts over the past year. what is behind these massive layoffs of risk and reward? >> you and i have talking about this from the investment angle. companies are making products, routers and really hard equipment they were kind of moving beyond that the company has tried in the past 18 months to 24 month to develop other businesses. wireless security, but the world is going wireless. cisco is a little bit late. this is a tweet. the company. the statistic correctly but their analyst two-seat even more cuts now. the company has been confirmed that, some analysts as open with say the cuts could go as high as 20%. that would be pretty big.

that would be mere 14,000 or 15,000 job cuts. the company posted earnings in the investment community expects to hear more about these cuts. the bottom line is the world is going wireless. parts of africa, for example, note infrastructure. there's no market for this product. charles: i guess that's why we've seen us from the players of hewlett-packard, microsoft. the guys who used to have the intel inside. but it does -- you do wonder because where are the jobs on the other side of this equation? i get the hardware side, what is it about skills that were at the skills not transferable? >> we've talked about this as we are undergoing another form of an industrial revolution. this is just evidence of it. we are going to talk about uber as well. uber is now bringing to market in pittsburgh in any case self

driving cars. essentially, buber is scooping, google is scooping, apple, ford and getting his cars on the road downtown pittsburgh the first month they are available. the idea when you talk about a shift, uber employs about a million drivers. if you take two minutes out of the equation, the machines are not worried about snack breaks. they are not worried about workers raise. it is easier for companies. charles: when they were advertising with taxi drivers make in a hundred grand, be careful because you may not make it for a long time. breaking news down in brazil. you are looking right now with the police in rio. officials saying that lochte another swimmers lied about being robbed and actually trash the bathroom. they got really aggressive while waiting for police to come. security took out -- one of the security guys took out his gun

to stop them from leaving. the story taken a major turn. >> it has taken a major turn. at this point we don't know who's telling the truth. lochte and his buddies according to close captioned video surveillance data show -- does seem to show that the swimmers gone into some trouble, costs and property damage. the video report has not been verified. on the other hand, if lochte anybody aside from you can understand from the brazilian authorities perspective they feel embarrassed and they're gry and they want them to fess up. charles: there's also the video when they came back they looked relatively calm. they had valuables on them saying in a statement or valuables were taken. you can see it right there. some saying that right there sort of put some holes, although the lawyers did say they were relieved because -- >> this is developing. other teammates who actually

told brazilian police that lochte and his teammates were too intoxicated to properly answer questions to the police about the attack. there is just too many different versions of the stories circulating right now. my guess is an hour or two we will know more. charles: what a terrible story. we will see how it plays out. i'm a self driving car thing, i want to get back to that. it's interesting the oxford report about two or three years ago say 50% of jobs will be automated in the next 10 years or so. i find it somewhat ironic because we know about driverless cars. it is impacting the tech industry itself. you know silicon valley. people always ask me there was worries for the first industrial revolution. but is this time really -- they are not going to be jobs. will the equation changed and these robots, artificial intelligence will push people permanently out of the job.

>> and it could be the most optimistic scenario. and the u.s. the fact we are fair business practices and ip law, international property law that is protected that you can have this resurgent and the people who are going to power and write the code, write the software for these machines are going to be here. that is the argument from silicon valley. the programmers are here, the coders are here. it's up to us to educate the next generation towards those jobs. there's people that say manufacturing will come back to the u.s. because we are going to be the ones in the best position to write the software products for the machine. charles: in the meantime, you truckers out there get on the cb radios. by the way, that was my bad impression. >> i am very. i am with you. charles: get this. he likened donald trump to hitler and mussolini. the president of mexico now

realizing that a trump presidency could have been any changing his tune. we will be right back. you do all this research on a perfect car,

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les: mexico's president now open to meeting with donald trump after suggesting trumps language was reminiscent of hitler in the past. mexico starting to brace for the idea of a trump presidency. rachel, what about -- what you think they have an epiphany? what's going on in mexico? >> well, i think it is proof that these economies are economies integrated and the fact it is backtracked a little bit on this is a really good time economically and i think for donald trump it is the same thing.

it's an opportunity for him to prove he can get beyond this colorful rhetoric easiest on the political stage and show his business acumen. you can't deny it. mexico is our third largest business trading partner. we trade more with mexico than we do with india, russia, brazil and china combined. this is a great opportunity absolutely. can i just say this? i was just going to say, you know, there's nothing wrong with wanting better deals than trade. i go shopping. i like good deals, too. i hope at the end of this campaign, both on the democrat and republican side, there is a concern about the denigration of trade. trade has made the lives of so many people battered. charles: let me jump in there, rachel. some people were saying its make in the lives of the mexican people extraordinarily better than ours and they are building these amazing factories down there and taking jobs that were

the core of the american heart. while trade can be beneficial, obviously these particular deals particularly with mexico won big time and he wants to fix that. >> we wouldn't see people trying to come north. one of the things i was going to say you build a campaign on the topic of immigration and one of the things that we can find deals that benefit both sides and build out the mexican middle class, that's going to alleviate the immigration pressure and more people want to stay in power. come indoors. i'm concerned about the denigration of trade during this election. charles: we will see where it all goes. really appreciate it. either way, take another look here. this is a police station in brazil. the u.s. swimmers are right now speaking to the police. in the meantime they say they make this whole thing up.

a fascinating story anwere all over it. we will be right that got her this. -- we will be right back after this.

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charles: breaking news, operations will end this week, univision is buying for 135 million bucks. devastation while california flyers are -- fires blazing. first let's go to louisiana, homeland security chief jay johnson is set to assess the damage of massive flooding, more than 75,000 louisiana residents have been impacted. the red cross right now estimating relief to exceed $30 million. liz mcdonald an those costs to keep piling up. liz: it's interesting and stunning when the disasters happen you see the percentage of people who had flood insurance.

less than one out of seven had flood insurance. you know, something like 75% of the homes in one parish alone totally destroyed. so you're right. numerous 40,000 buildings damaged or destroyed. we are seeing big majorities of people down there who had no flood insurance whatsoever according to some estimates. anywhere from one out of four to 80%. so it's a big deal because there's a wipe outgoing on for these areas and they could have permanently lost their homes. charles: there's no doubt. we know that 40,000 homes. that's going to go up. 9,000 have filed for insurance claims, that gives 30,000 or more who haven't, you have to assume that they probably -- they don't to resources and, of course, 70,000 people reaching for aid from fema.

>> are they making the bet that we will never get hit with the flood so we can't afford for premium coverage and deductibles, we will just roll the dice here and it's a really -- such an unfortunate tragic story that's happening. should people be accessing federal flood insurance if they live in zones like this. i tell you having covered sandy and katrina, the people who live there say we provide a lot in the way of economic activity and economic growth to the area so we should give help because they are giving so much for the u.s. economy. carlos -- charles: thank you very much, i appreciate it. thousands of struggling, louisiana attorney general says many could be scheming the system here. he's out right now looking out for fraud and fraudulent claims and joins me now.

jeff, thanks a lot for joining, we never think about this but the opportunist always appears in the worst-case scenarios and this is one of them. >> absolutely, what we have seen is outpouring of people helping neighbors but there's always a small percentage of the population that will prey on the misfortunate and people in this type of despair. what we are trying to do is get out in front of that. we saw a lot of this during katrina and rita, some of the prior storms. what we wanted to do is get out in front of it. we rolled out a great new press release a couple of days ago where we are encouraging people to sake a selfie with their contract so that we have some sort of photo in case they do get scammed and we know that people who operate in the darkness don't like to be shed into the light and would never want their photograph taken. so that's kind of a way we are trying to avoid our citizens getting scammed.

>> what are so many other things people should be looking out for? i'm also hearing that authorities there are worried about a massive outbreak of west nile and you can see folks, any time news is out there, some guy is going to try to capitalize. >> absolutely. you bring up a good point. we left a unified command group meeting with the governor and fema and they were talking about the mosquito abatement problem because we are going to have tre tremendous amount of standing water. it's going to be there for quite some problem and so we are going to have a mosquito problem and they are trying to work to get out in front of it. charles: thank you very much and good luck down there. we are all praying for you and everyone willing to help and reach out, we appreciate it. >> thank you. charles: thanks. california cut fire still blazing, folks. look at the numbers.

the fires the size of san francisco. 80,000 residents have been force today flee, 15,000 firefighters on the scene and the fire is still only 4% contained. the firefighters don't yet know how many buildings will be destroyed. residents fleeing their homes and they too are yet to know if their homes are going to be there when they come back. it's a devastating situation and we promised to keep you updated on the efforts. now to wall street and the big story today wal-mart, big beef with the company, largest retailer saying, top and bottom line but what does it mean to our economy. adam shapiro, should we feel better overall? >> well, i think when you earn the revenue was 120.9 billion in the quarter and was up half of a percent from the a year ago, yeah, i think it would be a positive side at least for wal-mart.

again earnings beat estimate and store sales were up so much that even with acquisition of jet.com they're going to spend about $3 billion and 2.7 billion that they've invested back into wal-mart by giving all of their employees raises so that nobody is earning less than $10 an hour, they were still able to lift outlook, profit outlook, so wal-mart is optimistic to where things are headed. again, the e-commerce sales, charles, 11.8% and same store sales 1.6% when street only expected 1%. macy's surprised us. urban outfitters was the darling so far of the trading session this week. when you think about the fact that they hit a new 52-week high and reported much better earnings than people expected. so far some of the retailers are outperforming what people expect.

now the pressure is on gas. gas will be reporting after the bell and it's not looking that it's going to be good, gap and banana republic, old navy, we had 64 earnings per share. gap is expected 69 earnings per chair. last year it was 3 .9 billion, they expect it to fall this time so going to be down just a bill for gap. we will have this for you coming after the bell. we will have earnings and if they are like the other retailers and beat the street and surprised us all. when talking to wal-mart they are leading the dow. if the dow has -- if we do, you can thank wal-mart enterprises and wal-mart. charles: apparel retailers have been surprising. thanks a lot, adam. u.s. officials were told to hold on the that 400 million-dollar

payment until iran hostages were actually free. this is raising more eyes about iran being in the driver's seat. representative franks, it already smelled bad. it couldn't pass the smell test or common sense test, the administration continues to say this is all coincidence. >> well, if you follow the tortured logic of this, it's a challenging thing to do but first of all, this is a president who has shown no -- betraying oath of office, an incident that he took before the american people. he has no problem with that.onso paid a bill owed to extensively iran 37 years ago and after jihadist revolutionaries took over the government and demanded

that money 37 years later on the very night that the hostages were going to be released, suddenly he finds it necessary to send an american plane loaded with $40 million in cash to the iranians and says that you have to let the hostages go first and he expects us to believe that it wasn't tie today -- tied to ransom rand -- and i don't have any words for that. >> hysterical is giving him a break. iran probably could have negotiated two or three times that amount. there was a sense of urgency to get it done on his part? >> none at all and if i did i would be suggesting that this president is willing to self-appointed world court and give the most dangerous regime, the terrorist sponsoring regime

of this planet money at their direction. either way, i don't know which is worst, ransom for hostages or seeding american sovereignty. this president has done such enormous damage, we will be 20 or 30 years trying to fix it if we do at all and now we face a potential of a hillary presidency. i have to tell you if hillary clinton gets elected, the celebration in tehran will make the one at the dnc look like a slumper party. this administration has been one of the great mechanisms for the theran to work their willingly in the world. charles: there's no doubt that iran is so much more embolded and they've got a lot more sense then. i agree with you a thousand percent. i want to shift gears for a moment because the refugee crisis is huge and their fears are even bigger.

german chancellor angela merkel saying the migrant problem, the program itself is not the problem and it's really not to blame for terror in germany. congressman, you have been a critic of that and you're saying, we have it wrong. >> the bombing that's occurring by russia from base's in theran, it's interest to go know if you look back at the last year or so most of the russian targets have not been isis and they've been so-called moderates and precipitated the refugee causes and russia and theran are not really so commit today defeating isis. they are committed to keeping assad in power at all costs and precipitated this and this administration has been part of that rational and i just -- i sometimes just want to shake my head because i realize that under the policies of this administration and the one that hillary clinton will have if she

can and by the grace of god she won't but it sets my children -- my 8-year-old twins on a path to walking through the shadow of nuclear terrorism from terrorists and a terrorist regime like the one in iran and i just wish the american people understood what was at stake here. charles: it is a hell of a -- is the enemy of my enemy really my friend when they're really the enemy. >> your point is golden but i would just suggest to you that whenever we talk about deterrence it's not only our capacity that our opponents look at, it's the leadership, they measure the commitment to have our leadership and i will tell you they will look at a donald trump very differently than they will a hillary clinton. a hillary clinton makes it easy for them. donald trump, they may not know what to expect and it may just the fact that he's the leader may back them off in ways that

-- that mrs. clinton couldn't. charles: right. we saw the instant respect that iran gave newly inaugurated president ronald reagan so it wouldn't be the first time in history. >> ronald reagan raised the glass of inauguration while the hostages were leaving iranian air force space. charles absolutely. 400million did not exchanging hands. thank you very much, i appreciate you for your time. >> thank you, sir. charles: look at the rio police station where swimmers were questioned of what happened when they. >> robbed. the officials saying that this whole thing was met up, got aggressive while wait if for the police and the security but this is the word we are getting and we are all over this and at

3:00 p.m. eastern jill stein is going to be on our network detailing the economy, it's a can't-miss interview by our very own liz claman

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charles: donald trump shaking up his campaign with leadership team. some republicans worrying that trump may be unchained with the new campaign manager. she was here and try today ease the concerns on the show. >> paul has the exact same title today he had yesterday and many of those responsibilities, i think what paul and rick have done in building up this campaign has been phenomenal. they took us to a place and you

need to add mo people. it's a difficult time getting more on the campaign. charles: sarah, what do you make of what kelly told me yesterday and what exactly is the establishment worried about this time? >> well, donald trump's message here that washington is stacked with insiders that had a dramatic appeal but he's start to go lose focus on the message. you see him making a lot of the mistakes that first-time candidates are making and that the rnc has tried to get him to stop. usually the media, instead of working to overcome it you are seeing him trying to run the campaign himself which boxes out valuable perspective and he's running out of time to stop making mistakes. so the implementation of this team could potentially stay on message but that's not necessarily the message that the established types want him to stay on.

charles: you have two things kelly and steve, washington elites who are enemies and who are intimidated or afraid of him or have answer mosty -- animosity and wonder who is going to carry more weight and allowing trump to become trump. >> how you see the shake-up is how you think donald trump's message should be. the election campaigns that donald trump is going to double down on the two issues that really got him here which is trade and immigration. they break from gop orthodoxy with their views. this campaign shake-up is probably troubling to you because the team is unlikely to normalize trump in the way rnc had hoped. charles: kellyaynne telling us

yesterday. this is just the beginning. >> focused on five to seven to eight swing states immediately. watch for our ads this weekend in addition to where we are beefing up our ground game, data operation. candidate appearance by mr. trump and governor pence. charles: sarah we know about the difference television ads spending so far and reports of lack of offices and ground-game have been startling. >> right. and let's hope this is just the beginning to have ad because hillary clinton has poured $98 million into ads in key battleground states and she did that starting weeks and weeks ago and donald trump is now beginning to pour resources into the race. what he needs to do at this point is focus and target the ads, where he puts them instead of making general ad and needs to look at the counties, media markets that he needs to win, states like pennsylvania and

florida. it's time to triage campaign spending because it's so late in the game. charles: he's using analytics that republicans pleaded him to do and that's going to help him fine-tune things you talked about. what about the style of delivery both with donald trump and the ads, teleprompter with ad lib or things that get crowds going or set them off sometimes? >> donald trump mix of relying on teleprompter and sometimes speaking off the cuff has got him in trouble in the month of august. so something that he's doing is not working and he needs to change it up. when he does speak to a teleprompter he's earned praise,

today you can expect him to do that. charles: so far this week is gaffe free and everybody is impressed with the prompter and being able to add the ad libs. i appreciate it. univision, though, they'll be taking and relaunch the brand, but what was behind the collapse, we will discuss it.

charles: today's philadelphia fed report manufacturing underscores how important the next six months must be. you've had two major improvements here with the economy, right, but two of the most critical components of this report literally crashed, new orders crater significantly and employment slumped to lowest point since 2009. there are serious assumption by the next six months by

businesses and the fed and i tell you what, this means that the rally is on borrowed time if we don't see a clear shift. look at the dramatic differences of what's happening with philadelphia manufacturers compare today what will happen in six months, conditions, manufacturing, employment. largest retailer, wal-mart reported results that for the last three months were pretty good. that was over 3%. $76billion and there was good news, traffic increase, seventh consecutive month. sales improved for the eighth consecutive month and had pricing power but i will say the improvements are good news but does not suggest that the overall economy is on a cusp of a major surge. the overall market is hanging in there.

the most important is hope reigns supreme. what does that m market and the economy? the fed numbers are shocking and what they expect in six months, they are looking for some economic renaissance. >> the stock market has thrown all sort of shocking data points for the last six years now. wal-mart with multiyear high, 52-week high in the stock market itself either at or not too far from all-time high. whether it's worries about the election or the fed or some of the manufacturing data that you cited, the market does not at this point seems to be worried. charles: back in the day before there was trade and all the stuff, the stock market was of things to come, that's its role, you have trade and a whole lot of other things going on, how

accurate is the stock market these days? is it being manipulated? >> i think actually it's both. i think it's telling that the economic data, in fact, is going to start to get better but we know it's being manipulated. charles, you mentioned the fed, that's more impactful than global trade. we are watching the federal reserve officials, charles, make it up as they go along. back in 2012 remember they talked about they would move rate ifs employment got 6 and a half percent and they scratch that had benchmark. they are tap-dancing all of us whether we are big-time investors have to make choices on mortgages or million dollar investments. charles: jonathan, thank you very much, buddy i really appreciate your good thoughts.

coming up the new debate over the death tacks meanwhile homeland security is in lloyds -- louisiana, we will

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hearings and congressman john mica, here to tell us where the investigation stands. it is out there, the american public knows. we're frustrated and these things always seem to drag along. >> well, first of all we just had director comey, they closed down the investigation and we have just received information on the, some of the comments that, and inquiry that was made by fbi of secretary clinton. unfortunately we found that the testimony mr. comey gave to the committee verified that she told the fbi something different than she testified before congress. so when that happened, whether it secretary clinton or someone else, we have a responsibility to make a referral, which we did. we made a referral to the u.s.

attorney at the district of columbia, there may be possible perjury or again, lying or misleading congress, which is against the law. charles: at the heart of this is hillary clinton's testimony to the benghazi committee, right? >> yes. and, in other testimony, now we have, we have 302 which is some transcription, not exact commentary, of what she told the fbi. charles: right. >> but when you put these together, there's a big difference and she either lied or misled congress. so we -- charles: stop you for one second, sir. are you saying with the fbi notes, you have seen, discrepancies between the notes that the fbi took when they interviewed her? >> no. no. we just, we, no. we just got the, we just got the notes. charles: okay. >> they're being reviewed now. but we had director comey, fbi

director comey come before us. each of 11 attorneys on our side questioned him about statements that she made to the fbi, and he said that it was inconflict with what she said to congress. charles: right. >> so we went through this we documented that. and again, whether it is any witness that comes, we're the chief investigators and oversight committee of congress. any witness that comes before us to make statements that, again, we had the head of the fbi contradicting her. we asked him what the next step was. he said the referral. the referral has been made. charles: okay. >> meantime we're getting more information from the fbi which she said to the fbi in her interview. we're looking at this. that is our responsibility. charles: absolutely. the american public want you to do this, believe me they do. they want to get to the bottom of this. we love to get you back on and go through the information.

maybe we get serious resolution here. thank you very much. >> we hope so too, thank you so much. have a good day. charles: "the boston globe" meanwhile publishing a scathing editorial for the clinton foundation to stop accepting donations while hillary runs for president. to media reporter joe concha if other media outlets will call the foundation out. it is interesting they did. will anyone else follow suit. >> keep waiting for "new york times" or "washington post." charles: every now and then, i've seen some things surprised about "the washington post." i'm not sure "new york times" has surprised me. >> they haven't support ad republican candidate since 1956. let me ask your question with a question. why is it acceptable for secretary of state clinton to have clinton foundation, taking foreign donations with some with human rights violations.

in other words, as secretary of state the job description mainly entails doing things outside of the country, dealing with foreign governments. why was there no cry from "the boston globe" or any paper for that matter while she was secretary of state but as president, that may be a problem? at this point i'm going to use hillary clinton line, what difference at this point does it make? charles: it does make a difference, joe, perhaps people had given her and foundation benefit of the doubt there would be no, not even smallest amount of notion that there was pay to play. in other words, that they would play it straight. that they would keep their commitment, listen, obviously signs president obama had his concerns about this. even tie it back to the private server? why is that used? she was planning to go behind his back on certain things. maybe everyone gave them the benefit of the doubt. maybe they don't deserve that anymore. >> maybe not. obviously not. look at emails we saw between the foundation and the state department.

and that is barely getting any press play this week, charles, mainly because donald trump just tweeted something. donald trump just said something. he mutes all negative coverage, not all, but most of hillary clinton. if hillary clinton was running against another candidate, clean one, john kasich i would say she would be in very big trouble. she would have to concentrate on her scandal. charles: she doesn't have to get her ball gown cleaned yet. >> 87 days. charles: what is your thoughts on this? one heck of a saga. >> this is justice, charles. this publication has been scumbaggerry, can i make that word, coin that one. charles: -- has dibs on it yet. >> ethics here, tape hulk hogan having sex and publish that, go to court, you know what, if you rule against us that will be ruling against freedom of the press. give me a break. i'm glad they will be shut down as of this friday. no more gawker.

gawker media lives through guess maude dough and other dentties with a lot of traffic. it was pr nightmare for gawker.com to going away. swift justice, good. charles: saying billionaires like this case, peter thiel able to launch a personal vendetta and personal war against the media, because gawker is shutting down, all media loses out. >> poor nick dent ton, taped someone privately having sex and published it. and peter thiel brought him down. putting out the tape destroyed your own empire. charles: it was petty and despicable and paying a price for it. >> thank you, charles. charles: uncle sam wants to tack tax you to death, and beyond. donald trump is pushing the tax. he will be mr. "brexit." countries around the world didn't believe it or not the british exit would happen.

the polls were wrong. donald trump saying he will shock the world again.

reporter: i'm adam shapiro live on the floor of the new york stock exchange with your fox business brief. take a look where the markets are trading right now. the dow is fighting to go positive once again. it is down only seven points. s&p 500 succeeded up almost two points and the nasdaq is up almost nine 1/2 points. watch what is happening with oil. oil on august 2nd closed below $40 a barrel.

it is up 20% since then. trading much higher, oil over $48 a barrel. harley-davidson is down on news it will be pay $15 million fine to the u.s. government, fudging their emissions standards and data, 340,000 motorcycles. big news regarding prisons, federal government, department of justice says the bureau of prisons will no longer contract with private prisons going forward. more "cavuto: coast to coast" after this.

>> he would by eliminating the estate tax save the trump family $4 billion. [booing] and do absolutely nothing for 99.8% of all americans. charles: hillary clinton hitting donald trump for wanting to kill the so-called death tax. that is opening up a new debate on the, on economics and morality of taxing someone, even after they passed away. former congressman dennis kucinich who supports keeping the estate tax. dennis, you understand where people are coming from. you are taxed throughout your entire life. your pay is taxed. you invest that money. that's taxed if you're lucky enough to make money on it. you hand it over to someone as a gift, that is taxed.

taxes, taxes, taxes. this is tough because newly-made people of wealth are having a tough time passing that on to others. why should we even have this anymore? >> well, first of all, you have to take a look estate taxation within the context of the entire tax system. entire tax system hs been structured to help accelerate the wealth of the country upwards. you have to consider people in the tax bracket that secretary clinton is talking about, those who are in the top .2 of 1%, or .4 of 1%, these are individuals even before they get to that moment of passing on, they have ways like residents trust or foundations. in other words, they can minimize their tax exposure. the third point is this, in a society which is democracy, you can not permit inherited wealth to keep accumulating without any taxation at all. that is asking for trouble, because, you know, where do you get money to run country if you

don't have those who are blessed with great wealth to pay a little bit more because they have more. charles: so tomorrow morning, a football player, who grew up in poverty sign as 100 million-dollar contract, does that come out of someone else's pocket? >> what do you mean? charles: the way you framed this if it is static. we have a certain amount of money, the pie is certain size and -- >> pie is expanding. the pie does expand, absolutely. charles: so what does it matter if someone has big chunk of expanding pie? i still have opportunity to get mine? >> you know what? people should. they can still, talking about estate tax, they can still under the current law keep 60%. they can pass in a lot of money. if somebody's estate is worth anything under 5.54 million is tax, is not taxed. anything over almost 6 million is taxed. people should be able to hold on to something. but as far as hold on to all of

it, the implications are, we could be looking at feudal system if the wealth keeps accelerating to the top in america. we have to move the money. people have money today. move it. put it into charities. put it into trusts. charles: right. >> put it into vehicles that help do good for the community. but don't just park it. you want to keep money moving. charles: why is it the government's role to sort of make themselves the middleman in this sort of moral equation, knowing full well that they're not going to take the money and somehow magically make sure things are evened out somewhere else but they're going to take an economy that has 19 trillion in debt, and just somehow not put it there? i mean money never seems to go from the wealthy to the poor. it seems to get stuck in washington, d.c. and then doled out to their friends and their cronies? >> well, let me tell you, having served 16 years in congress, i have the same concerns that you have, about how tax dollars are blown.

i have seen trillions of dollars blown in wars that were not necessary. so washington doesn't necessarily keep an eye on our tax dollars in a way that is responsible. the question of estate taxing, taxation, however, is a separate question, and that is, should we permit tho who the, you know, whpeaps have wealth in excess of $5 billion, to be able to park that money and, just try to pass it on from generation to generation? or, should we create vehicles for them to have trusts, that do good, residents trusts, protect part of increase of value of the property and other charitable endeavors that can help society today? charles: well -- >> we want people to be successful in our society. charles: i got to tell you though, dennis, i go to the hospitals around the world, you go to orphanages around the country and see names of billionaires who are amazing benefactors. i just think it's a mistake for the government to think that is their job and that somehow any

money that people make, they're just only borrowing, ultimately belongs back to the government. i think it is disincentive creating wealth. i appreciate your answers. spot on as usual. i love having these discussions with you. >> thank you very much. charles: thank you. hey, we're getting new details on swing state ad buying from the trump campaign. campaign sources telling fox news this is $5 million spend. going to spread across five battleground states, florida, virginia, pence vain, north carolina and ohio. all pivotal for donald trump. olympic swimmer gunner bentz and jack conger are being questioned by rio police as more questions are arising what happened that night. these swimmers claimed they were robbed. and did lochte lie? does it matter? we'll talk about right after this.

charles: did ryan lochte lie or didn't he? brazillian police officials saying olympic's swimmer's word in rowdy gas station confrontation, they were not robbed. lochte telling "the today show" that he wouldn't make this up. police will update shortly. this is a tough story, because even when it came out, there were sort of mixed signals. the olympic committee said no. of course lochte's mom was first one to alert the media to this. where do we stand, from what you've seen so far what is your assessment? >> it is really hard to say, charles. i mean the problem with this story it keeps morphing and growing more and more as facts coming out. we are relying on facts given to us from two parties very

concerned about protecting their perspective reputation. we have swimmers, the olympians who want to make sure they don't look bad and which have the country of brazil making some decisions here that may be politically driven. they do not want their reputation harmed by this they do not want to be the country hosting the olympics and we have crime after crime happening there. charles: alex, listen, it is multibillion-dollar investment on their part. the reason the countries take olympics knowing they lose money often because they want to look good to the rest of the world beyond the world stage. you know where they are coming from. they have taken extraordinary measures, stopping our athletes from leaving that country. you talked about the evidence morphing. as it morphs where is it leaning? who is sounding more authentic and honest as it continues to morph? >> when i hear a statement from the olympics these are just kids, let's just let it go, that says to me as prosecutor, uh-oh, what are we doing here?

we're not just going to let a crime go. it is turning out there are some inconsistencies and brazil is not the going to detain united states citizens lightly, because the political ramifications of doing that would not be good. so it sounds as if there is some evidence to certainly suggest that, maybe there were some false allegations here, and in brazil that can result in a six-month jail sentence for these folks. so it is very serious. charles: we know the court of public opinion will always have two thoughts on this, but from a legal point of view, ryan lochte is already in the united states. if it turns out that somehow he is convicted of something in brazil, what would be the ramifications for him? is there extradition treaty? how would that work out? >> you know, one of the things that americans need to realize when at the travel abroad, we don't take the protections of our constitution with . so, you know, if we're going to another country, we're subject to their rules. there are over 110 countries

that have -- 170 countries signed on to the a treaty called the vienna convention and the protections from the vienna convention are very, very minimal. basically you have the right to be treated humanely. the consulate will make sure you have a lawyer in the country that speaks english, access to the lawyers but we don't take our protections with us. charles: it will continue to unfold then. we'll hopefully have you back to talk about it more. thank you very much. >> thank you. charles: homeland security chief jeh johnson surveying flooding damage in louisiana. we'll have the update for you as well. right after the break. ieces in y life. so when my asthma symptoms kept coming back on my long-term control medicine. i talked to my doctor and found a missing piece in my asthma treatment with breo. once-daily breo prevents asthma symptoms. breo is for adults like an inhaled corticosteroid. breo won't replace a rescue inhaler for sudden breathing problems. breo opens up airways to help improve breathing for a full 24 hours. breo contains a type of medicine

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charles: no solution in sight for california wildfires, 80,000 presidents forced to flee, 1500 firefighters on scene, the fire 4 present contained. fires are raging, louisiana facing severe flooding, homeland security chief jay johnson is in baton rouge to assess the

damage, he will assess the damage shortly. over 30,000 people rescued since the flooding last friday. they signed up for federal assistance from fema, thousands are without power, 100 plus degree heat. i will update you tonight at 6:00 pm on making money but here is trish reagan. trish: we will go to jay johnson as soon as he begins speaking, a really tough situation in louisiana with so many people dislocated. we will cover that this hour but happening today hillary clinton on the defense meeting with law enforcement leaders in new york amid donald trump's direct appeal, the only law and order candidate, trump slamming mrs. clinton and president obama for their politically correct war on isis as he offers details on his plan to combat islamic terrorism. is it enough to help him?