american dream cost? the new price tag on affording happiness. this is "way too early"! ♪ hey, there, everybody! good morning. i'm thomas roberts. it is monday, july 7th. hope you had a great weekend and welcome to "way too early," the show that has a number in mind about how to afford the american dream, but we won't reveal it until our next contract negotiations. jen and i have a very firm number in mind. we're going to work it out. all right, so, before we can afford the american dream, let's talk about attaining it, because we begin with the nation's immigration crisis, which is sure to be a top issue for lawmakers returning to capitol hill this week. u.s. border guards are being overwhelmed by a wave of undocumented immigrants, often children without parents who are flooding into texas and other crossing points. most are from honduras, el salvador and guatemala, and once apprehended, they are detained inside the u.s. instead of being immediately deported. that's leading to this chronic shortage of holding facilities, and it means that federal

officials are forced to move the immigrants elsewhere. that includes murrieta, california, where the mayor is defending his town's opposition to housing the children and the families. several demonstrators were arrested over the holiday weekend as they waited for buses with undocumented immigrants to arrive. mayor allen long says his residents have legitimate concerns about a small town inheriting a national problem. homeland security secretary jeh johnson was grilled on "meet the press" about the 50,000-plus kids who have entered the u.s. illegally since october. >> will most of these children that we have seen in this desperate situation stay in america or will they be returned to their homes in central america? >> there is a deportation proceeding that is commenced against illegal migrants, including children. >> i'm trying to get an answer to will most of them end up staying in your judgment? >> i think we need to find more efficient, effective ways to turn this tide around generally, and we've already begun to do

that. >> what does that mean? are you saying it's impractical to deport all of them who are here now? >> i'm saying that we've already dramatically reduced the turnaround time for the adults and we're in the process of doing that for the adults with the kids. >> republican congressman raul labrador says he's outraged by the obama administration's response to the crisis at the border. >> instead of if it's sunday, it's "meet the press," it should be, if it's sunday, it's another administration official making things up on "meet the press." >> what is it that he made up? >> it's really shameful. the thing this administration needs to do is immediately deport these families, these children. i know it sounds harsh, i know it sounds difficult, but they're creating a crisis at this time that is actually going to harm these children. >> meanwhile, the u.s. government has released a series of public service announcements airing in south american countries which warn about the dangers of crossing the border illegally, and texas republican governor rick perry, who is asking president obama to see

firsthand the conditions at the border, is accusing him of not being concerned about the crisis. >> what has to be addressed is the security at the border. you know that, i know that, the president of the united states knows that. i don't believe he particularly cares whether or not the border of the united states is secure. when i have written a letter that is dated may of 2012 and i have yet to have a response from this administration, i will tell you, they either are inept or don't care, and that is my position. today, college students in north carolina are joining the fight against voter i.d. laws at the polls. the argument from democrats has traditionally been that such laws make it more difficult for older voters as well as minorities and the poor, but college kids say a state law also violates. exclusion of college i.d.s as proper i.d. and ruling out

methods of enrolling younger voters at places like the dmv. now, the hearing today only decides whether to put the law on hold until a judge decides whether or not it is constitutional. an analysis by the "washington post" of a new trove of data from edward snowden reveals the nsa intercepted personal information of thousands of people, even though they had nothing to do with the agency's investigations. according to the "post," the probe uncovered significant intelligence and helped capture two suspected bomb-makers in the middle east, but it also netted hundreds of thousands of private messages of everyday americans, much of it deeply personal. the "post" reports nearly 90% of the accounts the "post" analyzed and the messages turned out to be bystanders or non targets. there are new details this morning about the enhanced security measures we first told you about last week for u.s.-bound flights from overseas. the tsa saying that fliers at unspecified international airports will be required to turn on devices, such as cell phones and laptops. devices that don't power up will not be allowed on the planes.

the new guidelines come after security was enhanced at airports in europe, africa and the middle east. intelligence officials are concerned that al qaeda may have developed new bombs that could avoid detection at airports. officials in iraq have a better look at the man trying to take down that country's government. the terror group isis put out a video that claims to show its elusive leader delivering a sermon at the great mosque in mosul on friday. the 42-year-old controls what he calls a new islamic state covering territory seized in iraq and syria. nbc news has not independently verified the video, but security experts say it appears legitimate and it underscores the tight grip extremists have on the region. violence, meanwhile, continues with a new bombing in baghdad yesterday, leaving at least four people dead. the country's prime minister is vowing to stamp out the militant advance, but he lost the support over the weekend of an influential cleric who is now pushing for new iraqi leadership to emerge. happening overnight, israeli

prime minister benjamin netanyahu calling the father of the palestinian teen burned to death in apparent retaliation for the murders of three israeli teens. netanyahu condemned the teen's murder, vowed to punish those responsible. six jewish suspects have been arrested in connection with the murder, which sparked violent protests across the region. graphic video appears to show israeli police beating the 15-year-old florida cousin of the murdered palestinian teen during one of the protests last week. now, the boy's parents say he suffered a broken nose and chin as well as eye injuries. israeli police say the video is edited and biased. the u.s. teen has not been charged with a crime, and he is speaking out after spending four days in custody. >> i only remember the beginning, because when they punched me a couple times, i remember them punching me, and after the couple of punches, i went unconscious. i'm blown away, because i was just with my husband, and i still remember his voice and i still can't believe he's dead.

i feel like he just went somewhere and he's still going to come back. i don't know, i don't know what to say. i'm speechless. back here at home, violence in chicago is once again boiling over. there are reports that more than 60 people were shot over the holiday weekend, leaving at least seven dead. five people were shot by police officers over 36 hours, according to "the chicago tribune," including a 16-year-old accused of firing shots in the air. police say he was ordered to drop a weapon, and when he didn't, they shot and killed him. and yet, overall, the number of homicides is down from the first half of last year, though the total number of shootings has gone up. we shift gears now and talk about business, as wall street fires back up after the holiday. it's going to open today once again in new territory, as the dow and the s&p continue its year of remarkable gains. cnbc's geoff cutmore is live in london for us. geoff, we see above that

psychological 17,000 mark, what do you expect to start the week? >> yeah, it's going to be tough, i think, to hang on to this this monday morning. we already have european markets trading a little weak. i think everybody's still trying to digest those jobs numbers at the end of last week and trying to work out what that means for interest rates in the u.s. if the fed is going to move rates up earlier than previously anticipated, well, maybe that could have an impact on the bullishness we've seen in these equity markets, but it has been remarkable, the resilience. so, you never know. we might get another push higher towards the end of the trading session. i wanted to move on. we've got another bid on the table. expedia here has stepped up. they are going to pay just under $700 million for a company called what if, which is a booking operation in the australia region. it's an interesting purchase for them, gives them greater access to that part of the world, but you do get the sense here that expedia needs to do something to generate more top-line revenue.

so, a little bit of an insight on the travel side of things. expedia just looking to beef up their business as far as australia is concerned. back to you. >> all right, let's talk a little more tech, though, because we know new technology means machines potentially doing jobs everyday people once did, but we have google's ceo, larry page, coming out saying he doesn't necessarily think that's a bad thing, so, how does he justify that to people thinking that certain technologies are just going to wipe their jobs off the map? >> yeah, this is an interesting one, isn't it? do you remember all those grainy, early chlorophyolor fil labor-saving devices in the 1950s, and we all thought we were going to end up with a lot more leisure time as these machines cut down those boring jobs that we wouldn't have to do, like washing and cooking and so on and so forth? didn't really turn out like that, did it? but now larry page is saying we have the best chance ever here of just getting robots in to do a lot of the menial stuff. we divide up jobs, so we end up

being part-time workers, but hopefully, we don't see a significant decrease in our compensation. so, larry page has got a slightly different view of the world to how it's currently run. whether we end up going down this road or not remains to be seen, doesn't it? >> yeah. >> i don't think labor-saving devices have made my life any easier or yours, either. but clearly, google would like to have a stake in a future that involves robots. i think that's where he's coming from on this. back to you. >> i do not have a robot just yet, but i will keep you posted, geoff, when i get one. thank you, sir. good to see you. i appreciate it. all right, so, let's talk about money some more, because the question being do you make enough to achieve the american dream? we've got analysis from "usa today" showing the average family of four would need a six-figure salary to realize that dream, and they break it down by essentials, extras and taxes. now, it costs $58,000 for necessities like housing, transportation, food, clothes and medical expenses. we've got $17,000 for extras like vacation, eating out and electronics. of course, we're talking about

the american dream here, so that has to include an ipad for most families. then we get taxes, education, retirement running around $55,000, bringing the total income needed to more man they 130,000. an income that only one in eight u.s. households made last year. so, that brings us to our twitter question for you this morning. is $130,000 enough to achieve the american dream when you factor in all of those things that we just talked about? and really, what makes up your american dream? is it a lot less than that? tweet us your most creative answers using #waytooearly. we'll have the best ones later in the show. still ahead on "way too early," winning wimbledon. novak djokovic beating roger federer and then makes him blush. what djokovic said after denying the title-holder another win. plus, the swimmer attacked by a great white over the weekend lives to tell the story and thank one of the men who rescued him. his incredible story, that and a check on whether when "way too early" comes right back, a monday edition. ♪

>> it happened at the height of the morning commute in london today, starting in the eastern part of the city. four large explosions within an hour, all of them in high-traffic commuter areas. three bombs under ground, then one on board a double-decker bus. thlook what i got.p. oh my froot loops! [sniffs] let's do this? get up! get up! get up! get up! loop me! bring back the awesome... yeah! yeah! yeah!

with the great taste of kellogg's froot loops. follow your nose!

i dbefore i dosearch any projects on my home. i love my contractor, and i am so thankful to angie's list for bringing us together. find out why more than two million members count on angie's list. angie's list -- reviews you can trust. time for sports. we start in boston with the o's and the red sox. baltimore with the six-run lead heading into the bottom of the seventh when the red sox get their rally caps on. now, the o's bull pen gives up five runs, tying things up to send it into extras. baltimore finally breaks the tie in the 12th. j.j. hardy singles to left with a man on third. the orioles hold on for the 7-6 win. to minnesota. yankee captain derek jeter in his final regular season game in the twin cities. he had three hits on the day. the last was a single, marking his 3,400th career hit.

he's just the eighth player to reach that milestone. now, jeter will start at shortstop for the american league in his 14th and final all-star game. baltimore, which leads the a.l. east, also leads all teams with its three selections. we've got center fielder adam jones, catcher matt waders who won't play due to injury and nelson cruz, who had a 50-game suspension following the biogenesis p.e.d. investigation. now, the brewers with two national elections for the national team and puig will play in his first all-star appearance. fans will vote for the finals to the roster, announced on thursday. to wimbledon and novak djokovic winning in five sets yesterday against roger federer. he earned his seventh career grand slam title and takes over the number one ranking. he keeps it classy after denying federer a record eighth wimbledon title.

>> he's a magnificent champion and a great example of a great athlete and a role model for many kids, so i respect your career and everything you have done, and thank you for letting me win today. >> making him blush a little there. to daytona beach for nascar's coke zero 400. it was a slippery day on the track, seeing two big wrecks during the rainy outing, the messiest on lap 97 involving 26 racers and landing kyle busch's number 18 car on its roof. now, he eventually climbs out, and busch is okay after that mess. well, eric almirola won the rain-shortened race, returning richard petty's famed 43 car to victory lane. almirola's first sprint cup victory as well. now to the minors and the brooklyn nets' cyclones celebrated a show about nothing. that's right, it was a salute to "seinfeld" in honor of the sitcom's 25th anniversary. can you believe it's been that

long since it started? the day included an assortment of elaine wassa bes, showing off an assortment of moves in a dance contest, awkward there, as well as other "seinfeld"-themed antics. got a little kramer action there. i don't see -- there's the puffy shirt. finally, the puffy shirt. let's get a check of your weather and jeannette calle is in for bill. great to have you here. were you a "seinfeld" fan? >> not really. >> not really? it's hard to believe it started 25 years ago. >> i know. >> making us feel extra old this monday. what's going on weatherwise? >> well, it looks like there were a few tornadoes confirmed on sunday in iowa, and it looks like that area is under the gun for more severe weather today. so, we expect to see not only some severe weather in sections of iowa but also across portions of missouri, southern illinois, the ohio river valley and even some locally strong thunderstorms possible over the western parts of the northeast and much of the midwest could see these severe thunderstorms

capable of producing damaging winds, large hail and even a tornado or two in that part of the country. really does not need any additional rain. in fact, sections of iowa, missouri and illinois are dealing with flooding conditions, and with more rain, flooding concerns will be a major threat for at least the next day or two. meanwhile, in the northeast, again, some thunderstorms over the western parts of the region, especially early in the day, but farther east, after a somewhat comfortable weekend, the heat and humidity return today. a few more clouds overhead as well up and down the i-95 corridor. temperatures back into the 90s from new york city right down to d.c. elsewhere across the country, in florida some pop-up thunderstorms, especially across the interior sections of orlando. miami may also see a scattered thunderstorm or two in the afternoon. and also thunderstorms in the four corners. it looks like these thunderstorms could bring some beneficial rainfall once again to parts of arizona and new mexico, and that will be the case late this afternoon into tonight. thomas? >> all right, jeannette. thank you, my dear, much appreciated. coming up at the top of the hour on "morning joe," what could be the first good defense

of the irs after that targeting scandal. how "the new york times" is pointing the finger back at the gop. and when we come back here, we're going to huddle around the water cooler with a presidential love affair detailed in writing. yeah, it's not what you think. let's just say this all happened long before there were even such things as twitter or sexting. but we've got the love letters to prove it, and it's going to be so much better than hashtags. i don't know how you hashtag some of the words that he used. we'll be back after this. each year, 95% of homeowners won't have a claim. that's why allstate claim free rewards gives you money back for every year you don't have one. and why if you're part of the other 5%, allstate offers claim rateguard. so your rates won't go up just because of a claim. no matter what comes your way, your home protects you. ...protect it back allstate home insurance

from an allstate agent. at legalzoom virtually all yourof important legal matters in just minutes. now it's quicker and easier for you to start your business, protect your family, and launch your dreams. at legalzoom.com we put the law on your side. ♪ every now and then i get a little bit tempted ♪ ♪ by the chocolate all around ♪ turn around brian! ♪ this bar has protein oh yeah!♪ [ female announcer ] fiber one.

so, earlier in the show, we told you about the rising concern over the recent surge of young people fleeing central america for the u.s. border, a trend that many say is driven by a desire to flee the increasing violence back home. if you want to sound smart today, tell your friends that san pedro sula, honduras, that area has seen the most unaccompanied children flee for the u.s. it also happens to be the murder capital of the world with a homicide rate of 187 per every 100,000 inhabitants. to put that in perspective, america's murder capital, chicago, it sits at 15. all right, let's lighten things up, huddle around the water cooler together. and a reminder that the internet never forgets, even in the 1900s. we're getting a first look at some of the love letters that president warren g. harding wrote to his mistress a century ago. the affair with carrie fulton phillips who was married to one

of his friends, began a decade before harding became president. he was lieutenant governor of ohio at the time, and one of the letters reads, "i do not know what inspired you, but you resurrected me and set me aflame with the fullness of your beauty and the fire of your desire." can you imagine people writing that today? now, the trove has been held at the library of congress under court-ordered seal for the last 50 years. they will be open to the public later this month. but love notes just don't get written like that anymore, you know? they're written by hashtags. we're now hearing from the swimmer attacked by a great white shark in southern california over the weekend. officials say the shark was trying to escape a fisherman's hook when steve robles swam by and was attacked. this aftermath all caught on cell phone video. the 40-year-old was bit on the torso and he's since been released from the hospital, and yesterday he got a chance to thank one of the men who came to his rescue. >> i saw that shark just eyeball to eyeball, just like you and i, like exactly the same distance, and it came in and bit me.

>> i saw him out there and i heard screaming, and people were leaving and i thought, someone's got to get him. >> wow. so, the long-distance swimmer says that his encounter with the shark won't keep him out of the water. the manhattan beach pier will be closed until tomorrow. now to a different kind of animal rescue story, and this one involving a bear who got its head stuck in a jug. take a look. >> got him loose! look at that! >> i guess that's the safest way to get the jug off the bear head? this happened in rural wisconsin. it's not often we see a bear cup rescued by a lumberjack with a backhoe. for the record there was no honey in that jug, just milk. but yeah. must have a lot of experience running that thing. at the chuck e. cheese, you know

when you drop the claw to get the bear? all right, allow me to introduce you to the new oldest american alive. say hello to gertrude weaver of arkansas. she turned 116 on the fourth of july, making her the oldest american according to the gerontology research study. born in 1898, weaver is the second oldest person in the world and the 11th oldest person of all time. so, happy birthday to gertrude. amazing there! all right, now to your responses from our twitter question earlier in the show. we told you about the analysis from "usa today" that it would take about $130,000 a year to achieve the american dream. we asked you what's enough to make up your dream. our producer, justine, has some of the responses. what did we get? >> good morning. lindsey is saying her american dream is love, family and happiness, but 350k in the tar heel state would be sufficient. still, she says being financially secure versus rich. mo money, more problems.

and then it achieves the american dream by attaching a money figure to it. it's not about checklists of things we need like suvs. >> that's a good point, but when we tally things up, people were shaken by that number, saying it was too inflated, some people saying it wasn't enough. but interesting to get everybody's responses. >> absolutely. >> justine, thank you. stick around, "morning joe" is moments away. what's my advice for healthy looking, radiant skin? a good night's sleep... and aveeno®. [ female announcer ] only aveeno® positively radiant face moisturizer has an active naturals® total soy formula... one of nature's most effective skin tone correctors. it helps reduce the look of brown spots in just four weeks. and for stubborn spots, there's new aveeno® targeted tone corrector, with vitamin a added for faster results. [ jennifer aniston ] aveeno®. naturally beautiful results™. [ jennifer aniston ] aveeno®.

since robert taira openedsion king's hhis first bakeryd, in a small hawaiian town. making bread so good, that people bought two loaves one to take home, and one to eat on the way. so good, they grew from here. to here. to here. but to grow again, to the east coast they needed a new factory, but where? fortunately, they get financing from ge capital. we not only have teams dedicated to the food industry, we're also part of ge, a company that's built hundreds of factories. so we could bring in experts to help king's hawaiian make sense of transportation routes, supply chains, labor pools, and zoning to help them make the right decision. and, i'd like to think, to make their founder proud. if you just need a loan, just call a bank. at ge capital, we're builders. and what we know, can help you grow.

♪ ♪ start a team. join a team. walk to end alzheimer's. visit alz.org/walk today.

♪ ♪ welcome to the working week i know it will thrill you ♪ >> good morning. look at that shot of new york city. it is monday, july 7th. welcome to "morning joe." with us on set, we have the chairman of deutsche incorporated, donny deutsche. >> hello, darling. you look very miss crabtree from the "the little rascals." >> what is that? >> i'm heavy on my heart for you. >> oh, my gosh. the host of "way too early" is here, thomas ro