mr. mccall of these young people. what does innovation look like these days?hat does innovation look like? i want to ask a follow-up which i will tell you now, whether we should be scared of the innovation that china is bringing forth? what does innovation look like now? >> the true paradigm shifts tend to come from the u.s. almost all of the world. the american culture and the type of education you have and the fact that silicon valley is the combination of the best of academia and a venture capital, that puts the u.s. well ahead of the rest of the world. in terms of gramm baking paradigm shift innovation. tavi why do you think that the fear, the concern, about china is so palpable tax why is it so significant if you believe that the greatest paradigm shifts are coming out of the u.s.? wiry so scared? >> i think the raw numbers are humbling. and also i think when americans first meet a chinese, they tend to be impressed by how hard- working and dedicated the chinese people and students are. that is part of the chinese education-centric heritage. those are per

mrs. mccall's family. they owned clear channel communications.over time his wealth is increasing by $20, $30 million each year. >> not inheritance for kale congressman darrell issa. he's worth $the 20 million. how did he make his fortune? >> issa made his fortune first many the car alarm business. the viper car alarm, step away from the vehicle. but then he sold the car alarm company and now he has a holding company that is primarily involved in real estate. again, you see a growth in his assets largely because some of his money moves around between assets between didn't real estate investments. the value changes from year to year. >> unbelievable. somebody else who's made your list several times. senator john kerry he's fallen from number one, this year he's number three. $193 million. i believe a lot of that has to do with his wife's inheritance. >> don't take that number seriously. the way congress reports assets many things that are held in the name of your spouse can be accounted for as just over a million dollars. so we count those as $1 mi

mr. matt mccall. thank you.we're keeping an eye on this news, the news alert, the london burning as riots continue to grow. they were calling the military, we hear, the latest details top of the hour. and then he uncovers secrets from the f.b.i., secret service and wait until you see what he found on marilyn monroe and bobby kennedy plus new calls from the treasury secretary, tim geithner to step down. will he cave to the pressure? that's coming up next. >> good morning, everyone. it's tuesday, august 9th. i'm gretchen carlson. as you watch the dow continue to dive. that's from yesterday. the world now reacting to our bad news. markets taking another dive and now are they on a slow recovery? could wall street stand another hit today? all those questions we're going to try to answer like what the heck is going to happen to your money today? >> meanwhile, london burning, the city erupting into flames overnight as violent riots grow for a third day. and they just decided to call lawmakers back to the city. could th