vulenerable. >> wait a minute. emake agreed with your stock. we are fair and balanced. and that's it for forbes on fox. keep it right here. number one business block continues with cheril casewn and cashin' in. >>ing up and not getting out. they are talking about 8 percent. and new report showing one in four adults are living at home back in with mom and dad. sowns bad but some say it is good for the economy. i am cheril casewn. we have wayne rogers and john hononic and tracey burns and john lay thereto field and gen epistein. it can be good for the economy. >> it can be good for the economy but bad for your love life. but the reason people are

having to move back home is because of the high yoblessness out there which is not good. but look at parents that don't have children and especially work. they have a lot of disposable income. that part is good for the economy. when i got cut from the national football league. i moved in with my parents until i got on my feet again. thank goodness a lot of people have family. otherwise they are supported by the government in one way or another. that's what family is all about. that is good not only for the economy but america. >> johnathon, i have a tanglewood resort properties incorporation. this is from friday. this is talking about exactly this wave of kids, johnathon that are moving back on the parents. it affects the parents economically. i disagree with john.

the number one variable for sovereign credit risk and determining if a counselry is likely to default is a percentage of young men who live with their parents . look at this grap graph. john to your point there is sultural and circumstantial. but a 30 year old is a full adult and they should be out on their own. if ther living with their folks. >> look at the opposite. 50 or 30 year old. if they don't have a family to move back with. the government supports them. thank goodness they have a family to go back to. >> we have a government now exasbaits that. and you can stay on your parent's plan that tanglewood resort properties incorporations up housing prices so that young people afford them.

it makes people more likely to live at home. >> julian does it affect the economy. if you have adult kids moving home. >> johnathon layfield was right and johnathon was mostly right until he made the comment about the health care plan. there is a lot of good reasons. families are supportive of people. that is good intergenerational live housing can be helpful in terms of grand children spening time with grandparents. honick is right because the labor market is unhealth etch. when the economy was growing 3 percent. labor wages were stagnant during that time that. is the central problem that is facing our country and facing everything we talk about. whether it is the housing market. when obama came to office. we lost 800,000 jobs a month

and now we are gaining on average 200,000 jobs a month hopefully it is getting better. wages are stagnant now for 13 years. >> wayne rogers unemployment among the nation's youth. is that 12 percent. that is a reason why they are moving home. does that make the economy worse. >> i think it is a sign of the economy. these things shift from time to time and you have a economic contraction or expansion. they follow that and it is a lagging indicator if you will. that will change in time. i wouldn't worry about ta - it. >> tracey did you have to go live with the folks. >> three or four times since graduation. i moved home for a multitude of reasons and some good and some bad and i am fortunate enough to have family and i hope i do the same for the kids. kids are not buying first-time

homes it is hurting the housing market. that means people don't have their own electric bills and food bills that. hurts the economy in the end of the day. can you move back in because you are building a brand new home. that helps. but there are two size -- sides of the story. >> with perhaps if they didn't have 26,000 in student debt maybe they could afford a down payment on a home and maybe less regulation on businesses. they could get a part-time job and move out and get to their parent's home. it is a hope they create their own lives and become independent and self sufficient. we have a government that sets that up in the opposite direction. >> if you were italian, john, you would want them home forever. forever. and wayne, a lot of cultures, a lot of families, this is how

it is. the kids live at home and mom and dad and grandparents are at home and this is how the system works. >> you know, there is a difference. that is a moral question. yes, you are saying families together is a good thing and we all agree to that. i think everybody with that and that was a tradition in europe. three generations might live in the same house. this is a different time and era in which not always out of necessity. johnathon. some people liked tyou know. it is not always out of necessity. and in this case, it is. our motoand booms and busts there is another thing that is going on also. couples are living together as opposed to getting married and they are not -- marriage is 28 for a woman and having families later so the production of a household is coming much later in time now. >> can i respond to johnathon

quickly. >> sure. >> it is a cartoonish view of the world to say economic problems because of taxs and regulations. businesses has been surveyed and obama repealed hundreds of regulations. the regulations are lower than ever. >> hollande toledo. >> obama care itself -- >> the fact of the matter is, the global economy. we are seeing down ward pressure on wages andous sourcing of many hundreds of thousands of jobs. that is a problem facing the labor market. >> we'll have to debate at the show. >> 50 percent of the population not in the work this is ridiculous julian. regulations are killing us. tax structure is killing us. >> they are lower than in 60 years. >> hang on here. johnathon i will say one thing to you. again, going back to the economy and the affect on the economy, that lack of spending. we lovehe data, a lot of the

consumer spending data is weak get the doubles number. and it adds toupt fact that the economy is suffering and wayne said a lagging indicator it -- of an economy that is not improving. >> all of it is weak. look at data. rubber meets the road. number one varable of a country defaulting is whether young men live at home. it is a terrible harbinger for times. >> i am not in favor of kids living at home. take politics out of this is an economic issue. they are living at home because of no jobs. that is a bad but having a family to fall back on. a lot of people don't have that in this world and it is a good thing for this country. >> we have to leave it there. but coming up. >> we were hoping to add facilities here in the u.s..

but they are not. companies nixing plans to expand here in america because of the health care law . something else is about to kick in, in the end of year you need to know about now. our retirement savings, not in this economy. we also have zero free time, and my dad moving in. so we went to fidelity. we looked at our family's goals and some ways to help us get there. they helped me fix my economy, the one in my house. now they're managing my investments for me. and with fidelity, getting back on track was easier than i thought. call or come in today to take control of your personal economy. get one-on-one help from america's retirement leader.

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garbage. and this is where they are putting a tax on medical device that is destroying jobs. in this case 1500 jobs and a new whole facility you have burrcrats who serve up regulatory thingings. julian you mentioned not much regulation in the this administration. factually they created 106 regulations inlet three years costing over 100 million each. versus 28 total duringlet bush administration. you might ought to go back and look at your facts my friend. >> julian you want to respond. >> we can have another debate on the regulatory. but that health care bill, you have to understand the larger context. 97 percent of all businesses are exempt from having the broadcoverage. 93 percent of those already

provide coverage. cbo estimated that premiums will come down for businesses four-11 percent because of the health care law. businesses are getting 35 percent of the health care loss reimbursed in tax credits and hundreds in rebates are going out and businesses are getting many of them. the issue is a small excise tax. >> julian i have to point out something. >> let me finish my point if i may. 90 percent of the revenues from medical devices come from 10 companies it is it a small tax. but look at the benefits that are come dev nits going down. >> i have to move this around julian. >> johnathon, i am bringing up another issue this is what julian is missing, we heard from cfo of mcdonalds and every restaurant will have to pay 10 to 30,000 in additional costs and taxes because of

health care. it is hitting now. this is mcdonalds is not joe's crab shop. >> and hardy's is not a medical tax maker. they employ 21,000 and their ceo said the new health care law which many point out all of the benefits, he said it would cost them 18 million. there is not new employees and restaurants. and maul businesses will go out of business. what is distressing. thatlet president doesn't understand when asked about it when maul businesses have problems with the law he seemed oblivous. wealth is not produced by a gun and in obama care is force. on the free market and it is doomed to fail. >> tracey, there was a great wall street piece talk being a guy in virginia who owned two qnozz. he's not opening the subshops.

he's not hiring anyone. >> he hits 50 employees he gets banged by a law with unintinded consequences and if is filled with them cheril. that's the problem. medical device industry is getting crushed and one of many examples. they didn't think this true. to wayne's point they pushed the bill through because they wanted 800 some odd pages of nonsense no one as we know even read it >> john lay thereto field . wayne rogers called that garbage. it is garbage. are you kidding me. president obama's administration said give us a trillion and we'll never go above 8 percent now saying it saves money. we should have had health care reform. this was insurance reform. you added 30 million people to a broken system all you do it

costs more money and since done in a nan portis nun partison way. >> house speaker john boehner said we need to change the rules for medical device makers. you think that will work? >> it is not just, you have to start over. in their zealotry. obama was so interested in doing this he forgot about jobs in the mean time. he was so interested in getting the health care bill pushed through, they didn't pay attention to it. 2800 pages and no one read it and we don't know what is in it julian. >> i have read it, wayne. >> no one can understand it >> i have before now the numbers that i cited and everyone spoke in generalities.

the numbers john than, came from cbo that conservatives love to cite. >> 8 percent unemployment. come oman. you can't quote one and not the other. >> the numbers i gave you are wrong because they came from the congress. you are wrong. >> guys we have to leave it and we have to move on. coming up. record heat heats up electric bills. government is forcing generator plants to shut down. are americans about to pay up even more?

>> iranian military has successfully test fired a new short range missile. iran's defense minister said this missile is equipped with a guidance system he the missile as a defensive weapon. >> two strong conservative voices are urging governor mitt romney to pick paul ryan. he is the intellectual leader. governor mike huckabee joins us at noon and will weigh in on. >> and general services administration is probed for sphen conferences and award ceremony. the chairman of the house committee joins us on america's news head quarters. we'll see you soon.

thos hot temps are causing a hole in america's wallets. it could get worse. 140 coal power generators are expected to close by the year. one culprit is government regulations . >> oh, my god. the government is killing the coal industry. and all this means in the end the of day my electric bill is going up. oil and coal. they are affordable forms of energy. why are we killing them. they did it with ethanol and renewable credits. think it through before you cut us off at the knees. >> wayne, we are seeing a move to natural gas it is cheaper, do you think that is part of the reason or electric bills will go up no matter what?

>> all of the coal powered facility will go to natural gas. it is cheaper and we have an abundance of it sooner or later it is coming to that or just a matter of time. >> julian, you knowledge electricity bills will go up this year? >> it dependotz climate. wayne is right. the reason you are seeing less generation on coal. natural gases prices are coming down. regulations were challenged under the dc circuit and the chief judge david santel who was a clinton critic not only said the laws were valid, but they were required by the law and they were scientifically valid and we need to get with it in updating our technology to comply with carbon emission get with the rest of the world. >> johnathon. we are losing, though 2divide

gigawatts of capacitip e. and if natural gas is not ready the bills will g. >> bills will go up as lopping as the green movement is in charge of setth regulation. why is natural gas so cheap in because of a fraking technology which the green movement opposed. they are oporsed of any viable use of the earth. more we have used, the better our lives have become. pro coal revolution in this country -- >> it is not more regulation. that's why we see so much nat gas. but we don't have a energy plan. i say this every week. it doesn't exist from the bush administration and now the obama administration is shutting down coal plants. they have no plan.

thank goodness nat gas is it taking the place. >> julian epistein. thank you for joining us. >> thank you for having me. >> coming up. (crying) >> forget the babies, new moms crying foul. we'll explain, next. de, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. and i thought "i can't do this, it's just too hard." then there was a moment. when i decided to find a way to keep going.

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>> it is it dominant force look at michael phelps so proud to watch him compete. hate the fact he is retiring. kraft is company i like. >> tracey burns. >> mayor bloom bloom going to far locking up formula until you give birth, done tell me how to feed my kid. >> done, and done. wayne rogers. i am looking at the spreads between int