>> i do. i think this is a really solid stock. >> everybody likes that one. that's it. have a wonderful father's day, folks. keep it here. the number one business block continues with another great father, eric foley. "cashin' in" is next. first, the government, now are private firms selling you out? as the nsa scandal erupts, one phone company accused of rolling out the red carpet for uncle sam to snoop on you. democrats accusing republicans of blowing the irs scandal out of proportion. now there's evidence suggesting neither party is being tough enough. "cashin' in," asking the tough questions right now. hi, everyone, welcome to "cashin' in." our crew this week, wayne rogers, jonathan, tracy, also jim.e, everybody. so you heard about the verizon being forced to hand over private phone records to uncle sam. now we're hearing the company

may have built a special fiber optic cable directly to the government so it can access that information. tracy, everyone's focusing on the nsa. what aut private companies? >> yeah. you know why? it's all about transparency. i get the need to gather intelligence and keep this country safe. but we should know what's happening. to do this behind our back is so untrustworthy. i have verizon and i'm really pissed off about it. >> i have verizon also. senator rand paul is looking at a lawsuit, suing the government and/or verizon for turning over its records. >> tracy, do you have a theory about area 51, too? maybe you want to opine on the second gunman theory? come on. you're not alex jones crazy just yet, but these conspiracy theories -- you're getting close, by the way. these conspiracy theories about business selling out private individuals -- >> you know what? do not first call me names on a saturday morning. i'm so beyond that right now. and jonathan, you so-called libertarian -- you so-called

libertarian, just think it's fine these companies do this without you knowing things? >> no. they're not doing it, tracy. companies only get to be big and successful by protecting and respecting their customers. that's why a lot of big-tech companies like comcast and twitter have actually gone to court to protect their users. no one gets to be big and successful by selling out their users. i'm much more worried about government than about business. >> i'm going to side with tracy on this one. i think when you violate the fourth amendment, everyone should stand up and say hey, i'm not doing this. you're violating the fourth amendment. hold on. >> do you have any evidence of that, or is that just an accusation? do you have any evidence? >> hold on, we reached out to verizon whether they built fiber optic cable directly so they can data mine our butts. can you hear me now? they never got back to us. make some sense out of this. >> if the government needs to figure out who the best way to do surveillance, who are they going to call? the companies that have been keeping massive amounts of data on us.

we are so concerned about government surveillance. what about -- it's more insid with us for the corporate surveillance that's been going on versus the government doing it for security reasons. "financial times" has this calculator. can you put in information on yourself, and it will tell you how much you're worth. i found out this morning. i'm worth $1. >> big difference. big difference. let me get wayne in here. >> on social media, if i'm pregnant, if i have cancer makes me more worthy to them. that's surveillance i think we should be concerned about. >> when you sign a user agreement that says you can data mine me, you give up your rights. we never signed that deal with the government, did we, wayne? >> the problem here is more fundamental, eric. we have essentially a fascist economy in which big -- i mean jonathan is promoting oh, you've got to get big. well, that's wrong. you've got small. you've got big government, big business and big labor, and they're all in cahoots. and listen, verizon didn't do this on their own. the government leases that line. they provided the financing to

verizon. the government and verizon are hand and glove. the government and ge are hand and glove. it's going to control 60% of the banking. everybody is too big. and that's what's wrong. we have essentially a fascist economy. >> go ahead, jonathan. >> verizon's done nothing. you're all dumping on verizon. they've done absolutely nothing. and wayne, you want a small phone company? great. put two tin cans together. a schmoll phone company will not be able to serve anyone. >> oh, please, give me a break. you don't know what the hell you're talking about. you're shooting your mouth off about something you do not know. >> hold on. hold on. tracy, jonathan says verizon has done nothing. as far as i understand -- >> this blows my mind. this is so not jonathan. what did you have in your cheerios this morning, jonathan? this is so not you! come on, now! this is snooping. this is the kind of stuff that people like you are supposed to hate. if you want to gather

intelligence, tell me. eric is right. i should have signed on the dotted line that said hey, you'll be protected. we've got this cable going from new jersey to virginia. >> let me read this to you. i've got to do this. i carry this in my pocket every single day. it's not a prop. it's the u.s. constitution, fourth amendment. 1 1791, the right of the people to be secure in their persons, in their houses, in their papers against unreasonable searches and seizures. they even mention probable cause in the fourth amendment. there's no probable cause to data mine a million people. >> well, if there is a real threat and they are responding to it and they have to, i've heard in compared to if you're looking for a needle in the haystack, you have to get the haystack. and so when it comes to giving up a little bit of our security -- or a little bit of our freedom for security, i think that's where the american people are. >> let me just -- >> this is nothing new. this is nothing new. in 1979, the supreme court said

that our phone records were not -- you know, that was not something that we should expect on any level -- >> hold on. jonath jonathan, i know you want to jump in here. wayne, here's the issue. the fbi has told us they can go back in the data that they have and go back and listen to our phone conversations. do you trust the government that they won't be doing that? the nsa, that they won't be doing that with those millions upon millions of phone conversations that they have of ours? >> eric, i don't trust the government to do anything. they're morons to start with. they're taking advantage of it. and you are absolutely right when you say that. collecting information in bulk that was not a specific thing under the patriot act alone, it has to be specific. and the judges who signed that, you have to be very careful about what you're doing. >> you are totally convoluting the issue. >> and jonathan, you're wrong. >> you are completely convolu convoluting the issue. >> the fourth amendment is absolutely right. and you're right to read that. >> jonathan. >> you're completely convoluting the issue.

verizon knowing your data doesn't violate your fourth amendment rights. yes, i agree with the panel. the government is listening in the name of, quote, national security is -- and you present a false choice, that we have to give up our privacy or not fight terror. if you want to fight terror, why not serve by naming the enemy calling jihad actually fighting a war, not snooping on americans. what's scary is that's what government is supposed to do. >> fine, jonathan, we'll give you that. >> but actually -- >> we'll give you that. tracy, but the issue and what the segment -- the way we inflowed the segment was verizon building a fiber optic line so that the nsa can data minus. not true. >> and wayne made the point that they didn't do this, come on now, with their own money. they didn't do this out of your pocket philanthropically. you know they got funding to do this. again, it is all this covert stuff, gathering all the intelligence you need. just let the american people know you're doing it. >> go ahead, jonathan, you want to rebut? >> first of all, i still heard no evidence. tracy keeps saying they got no

money to do it. >> i didn't say that. >> if verizon did share information, it comes only at the end of government force. no private companies would have gladly spilled the beans on their customers. they would be an immediate failu failure. >> stop. i love you, brother. we didn't make this up out of thin air. this was from "the new york times" and a brought against verizon. we didn't just make this up, the fiber optics line. no, this was reported. this is real, jon. it's happening. it's got to scare the bejesus out of you, at least you, no? >> if it's happening, it comes only at the end of government end, the quest of government force. >> oh, my god! >> no private company couwould willingly violate their customers' rights. >> we could go on and on. coming, case closed? some democrats telling republicans they're going too fair with all this irs stuff. but given what the fbi just

said, are republicans going far enough? we debate. you decide. vo: i've always thought the best part about this country is that we get to create our future. you get to take ownership of the choices you make. the person you become. i've been around long enough to recognize the people who are out there owning it. the ones getting involved and staying engaged. they're not sitting by as their life unfolds. and they're not afraid to question the path they're on. because the one question they never want to ask is "how did i end up here?" i started schwab for those people. people who want to take ownership of their investments, like they do in every other aspect of their lives.

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attorney general eric holder. the house judiciary committee chairman bob goodlat is saying holder will provide written answers to questions about his previous testimony. he'll also be meeting with community members behind closed doors. i'll sit down with the vice chair of that committee coming up at the top of the hour. heads up facebook and microsoft users. the companies are now releasing information about just how many surveillance requests they are getting. both are saying they're fielding thousands of requests from the government for your data. in the last six months of 2012, facebook's general counsel is saying they've received close to 10,000 requests. there's been a big change in u.s. policy in syria's civil war in light of evidence that the government sources have used chemical weapons. for the first time president obama has authorized u.s. arms

shipments to syrian rebels. we'll have a complete report at the top of the hour. take a chill pill, america. why don't you take a chill pip. beav it or not, some democrats are telling republicans they're blowing the irs scandal out of proportion. a new poll says 78% of americans think congress should keep investigating the agency's targeting of conservatives. who's right here? >> the people, eric. even the fbi director doesn't know what's going on. they're not doing enough. the irs is the only agency that comes into every single one of our homes, and every single one of us are afraid of them. and this is unfair this is happening. we should know exactly what's going on. >> wayne, the first segment we were mad at the government about snooping. now i'm mad they're doing the exact opposite. they're not data mining everyone. they're targeting specific groups. that's just as bad. >> no, it's not bad, eric. it's outrageous. the fact of the matter is, the

government is there for the protection of the people. they're not. they're not protecting the people at all. they're invading their privacy right and left. i mean, imagine that somebody is snooping on you, and that information gets in the hands of somebody who is irresponsible as eric holder. you heard eric holder and the head of the fbi, they don't know the answers. i don't know like 15 times. if they don't know, what the hell are they doing in their job? they must be morons. >> 78% of the american people say we want to know more about what's going on with the irs. you say the 22% are probably right? >> no. i'm fine with the investigation continuing. but why aren't we getting the full transcripts from the irs employees? and i know why. i know the answer to that question. i've been accused of looking for love in all of the wrong places. darrell issa and republicans are looking for a scandal in all the wrong places. they want to make this tie back to the white house. everyone thinks it's outrageous,

wayne, tracy, i agree the president, i've never seen him as mad as when he found out about this scandal. so why can't we hear all of the information instead of, like, picking and choosing something to make it seem like the white house is in on it? that's bad. >> jonathan, we saw -- >> because they say dlaish. >> because they say i don't know. that's why every time you ask them a question, they say "i don't know." if you've got dummies up there, you know? >> when i hear these democrats, eric, say don't worry about the irs scandal, it reminds me of when the president spoke to -- i believe it was college graduates saying oh, don't fear tyranny and government. at the same time, he's reading reporter e-mails and collecting data on millions of americans. i mean, the irs is by definition arbitrary government gun. and this scandal shows that yes, it's targeted at innocent people because of why? the political beliefs. >> there's no innocence here because this is what's getting lost. >> targeting conservative groups. >> a group that was targeted, they go after individual

americans to take away their constitutional right to vote. they want to get involved in politics. >> can i just -- hold on. >> but they all should be. >> stop, stop, please. listen. it isn't whether or not groups should be looked into. we absolutely should look into groups applying for tax-exempt status. the problem is when they only look at conservative groups and they ignore the liberal groups. they let them have the free tax status and they target. the targeting is the problem. >> ask the naacp. other groups on the left who have been targeted. yes, there should not be targeting. if you want to play in politics and you want to be subsidized by the american people, if you want to subsidize your nonprofit organization, get ready for an investment. >> maybe that could be -- maybe that could be actually a positive outgrowth of this terrible scandal is that we could move to some type of a flat or a fair tax that you

wouldn't allow in politics because there would be no politics involved. every would pay a flat rate. you get it and you don't. but of course, you never hear that from those on the left. they insist on progressive tax. >> tax status as well. enough of that. everybody has a status at the end of the day. >> we have to leave it there. as a group "cashin' in" we like that idea. forget toys from china. try military parts from china. is this putting america in danger? there is a pursuit we all share. a better life for your family, a better opportunity for your business, a better legacy to leave the world.

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cheap goods and gadgets from china are one thing, but now the pentagon is said to be buying some of our military parts from china, too, like the propellant that shoots off the hell fire missile and the key component that goes into those night vision goggles. wayne, this may save a few taxpayers bucks, but is this one worth the risk? >> no, it is not. this is a big mistake. anytime you're trying to save money for national security it's crazy. national security is paramount for us in that sense and we cannot afford to do that. we ought to make everything here and if we can't make it here, we ought to substitute for it in some is way we find an alternative technology. that's what we have to do. and the world is getting smaller and smaller every day. we cannot find ourselves dependent on somebody would is distrustworthy. >> jonathan, i saw this story

like a week ago and i said we have to bring this cache in. this one, hell fire missile propellant and night vision goggles, i have to say, keep it here in the u.s. >> well, i agree with wayne and i don't think that cost should be a factor when it comes to defending the country. one promising note is a lot of these rare earth materials, rare earth minerals that are now mined in china finally with the regulation being brought down here in america, some of those materials can be brought down here. honestly, what i fear is not so much our ability to get weapons, but actually use them. time and time again, i think america has really just lost its bite and we've seen that, of course, with the war against jihad. it's not that we don't have the weapons to destroy the enemy, but we don't have the emotional fortitude. i'm much more worried about that than a disruption of the supply of the weapons itself. >> i'm a little worried about the fact that we can't make this

stuff here. what the heck is wrong with this country that we can't make this here? >> but they have a lot of these minerals. they have a lot of -- >> bottom line, we talk about corporations maximizing shareholder values and we want this government run like a business. from a business angle, you go to where you can get the best product for the chae cheapest price. if the answer is china, we have bigger problems than the fact that they're buying products from china. our problem is innovative here at home. >> can we spend a few more buckes and make sure our hell fire missile is propelled? >> we should. they've shown their hand that they're willing to use the supply chain as leverage to get what they want in negotiations. they did that with japan. this is a crystal clear example of why we have to continue investing in american innovation, american science and what has been discussed a lot of you times is to take money away

from the national science foundation, take money away from that innovation so we don't have to go to places like china and -- >> or we can stop spending money to bill dodd's walkways for turtles under the highways. >> and there's that. >> do we have some sort of protectionist agreement to make this stuff stop? >> well, i think, eric, what you have to do is just go back to the emphasis and say that national security is a primary thing for the united states government to pursue in the best sense of the word. now, when you talk about private companies doing it, yes, but you have to be very careful that we don't wind up with some sort of a facist company where the private companies are being subsidized for this purpose. >> quickly, jonathan. >> shortly put, trade with our friend, bomb and destroyed our enemies. >> how about you, trace? >> oh, my god. let's make this stuff at home. that's the bottom line. >> last thought? >> i am appalled that jonathan

is a warmonger on this show. but no, we should not be doing this with china. >> let's keep our hell fiefl missile propellant made in the usa. i'm going to say thank you to jim oh green for joining us this week in green. coming up, should gas guesselers rejoice? more states going ahead with hybrid owners. will that save everyone else at the pump? clients are always learning more to make their money do more. (ann) to help me plan my next move, i take scottrade's free, in-branch seminars...

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time for what do i need to know next week? >> states are looking for a way to tax hybrid car users. north carolina is trying it out. other states will, too. >> more tax. oh, goody. wayne, you're up. >> look at oxy, speaking of gas. t. boone pickens has a good position in it and it's a candidate for a break-up. jonathan, you've been very hot on the interest rate stuff. you don't like gold, but do you

like oil? >> no, i don't own any oil, eric. but i like poland. poland was the only one in europe to actually not going into a recession in 2008. in fact, it's very difficult for u.s. investors to buy poland. plnd is a traction index. i like it very much. >> does it attract kielbasa sales in chicago, by chance? >> we have a very large polish community here, very proud of it, and i'm sending my money over here these days. >> i came from chicago. i remember the polish community in chicago. being italian american, not many kielbasas in my house. you, trace sfp. >> i'm not even sure i know what it is. >> remember, you can weigh in on all the topics we just discussed on twitter. be sure to sound off. let your voice be heard about today's show and everything else. i'll see you on the five. have a great weekend. and votes in the midterm elections next year.

the obama administration is now taking a more aggressive stand in syria's bloody 2-year-old civil war. for the first time, president obama has authorized sending in u.s. weapons to struggling syrian rebels fighting against the assad regime. hello, everybody. let's get right to it to the very latest on what impact the u.s. could have now in a conflict that has left more than 90,000 people dead. elizabeth is joining us live on details. >> the cia is running the program which will deliver the weapons and initiate the training of syrian rebels. we learned arming the