get you back to "cashin' in" with eric boling. >> honey pot.is what they are calling the healthcare data hub, store medical records on millions of americans. michelle, sounds like a pot of gold for hackers? >> yeah, we see hackers breaking into most sophisticated systems. this one will have so much information, your social security numbers, family size and income. what makes this troubling is that this system hasn't been completely built yet. they are estimate estimating it won't be open until one month before that. that doesn't sound good. >> eric: and talks about your status, health status. that sounds like a bad idea? >> the whole idea is bad. when you think about it, look at the amount of fraud that we already have in medicare. estimated somewhere around 75 bye. that enormous number. this thing is ripe for fraud. hackers will get in. who is going in charge of this, by the way? it's take the fifth, loigs, remember her at the irs? she is going to be administering this thing. >> and forget the hackers, maybe you have to worry about people insi

this is cashin' in, it starts right now. hi, i am eric boling and welcome to cashin' in and we'll go explore the latest in washington, but first joining me now in the hot seat, my god friend, and host of hanitty on fox news show. we'll go with immigration and start with this first. gang of eight, right. >> eight senators say. >> bad deal. >> bad deal? are you surprised george bush weighed in on that? >> he tried hard to get it done when he was president himself. what is frustrating to me is a conservative. i will be willing and open to fixing the problem right now it is the law of the land. 1986 and 2006 we say secower the boarder and we don't secower the border. i watched it in the reagan years. we would have spending cuts and tax increases. you get the amnesty and legalization and you never get the border secure. if government is at a high level of distrust now, why they department listen to conservatives in the beginning. >> john, the idea of marco rubio and others and ram paul and ted cruz, secower the border. >> i am wi

this is cashin' in, it starts right now. hi, i am eric boling and welcome to cashin' in and we'll go explore the latest in washington, but first joining me

public unions and the judge in the motor tea bankruptcy battle and cashin in city city.o turn it around and not cost taxpayers a dime. plus tis a cost of obama care don't make you scream, what it does to your personal information will? the exclusive and they speak out on calls for the usa to boycott on russia if they grantedward snowden asy

and bankruptcy battle and "cashin' in" city counsel how to turn around.n't cost taxpayers a dime. plus..., don't make you scream. maybe what it is about to your personal information will. and calls for the u.s.a. to boycott russia. that is for the news right now.

public unions and the judge in the motor tea bankruptcy battle and cashin in city city. and how to turn it around and not cost taxpayers a dime. plus tis a cost of obama care don't make you scream, what it does to your personal information will? the exclusive and they speak out on calls for the usa to boycott on russia if they grant edward snowden asylum. hi, everyone. i am eric boling. welcome everybody. do you remember this? >> we refuse to let detroit go bankrupt. i bet on american workers and three years later that bet is paying off in a big way. >> well, detroit went bankrupt despite the autobail outs. and let's look at what helped to bring down the mighty motown. it was the known 50s and 2 million people lived in detroit. jobs were plentiful and the detroit economy was hot. enter collective bargaining and union influence over free market capitalism. and$0.19. 400,000 gm workers walked off and they got what they wanted. huge wage hike. that single event sealed the event of the motor city. over the next four decades the jobs fled to nonunion state and detroit's popul

cashin' in putting you in the driver seat right now. >> wayne, and johnathon and bob and jamushgs.

cashin' in putting you in the driver seat right now. >> wayne, and johnathon and bob and jamushgs. capitalism under attack. others lotting walmart and others bank businesses. >> if i see any violence, i will remind folks that that dishonors what happened to trayvon martin. >> and now protestors are urging a boycott of florida. johnathon, these businesses had nothing to do with this. why is capitalism always under attack? >> it is frustrating, eric. the zimmerman case and occupy movie and nato "protest". just interested in destruction. the total destruction of values. not like they want to take over and make money. theyant to see the business owner lose that business. theyant to so otherr people fail. and it is just the hatred of the good. and private businesses for being the good and calling them protestors is generous. they are vandals and these are riots and they should be treated as such. >> we have two liberals on the set. wayne, hang in there. you are shaking your head. what did capitalism have to do with the murder trial. >> i missed your she and now i am onith johnathon. he

welcome to "cashin in." thanks, everyone. welcome, everyone. they say timing is everything. what better time than for the white house to descrop the news that it is putting off a major deadline on the health care law penalties and what better time to push the deadline until after the mid-term elections next year. monica, you say timing, there is no secret about the timing. >> no, it is not a coincidence. this is dropping faster than the titanic. they understand, the white house understands that you have tough democrats who wrote this monstrosity. they are saying this is a train wreck and it is so complex as to be incomprehensible. they know this thing is unworkable and now they are hearing from businesses. this is s what we have been talking about for four plus years w. businesses are cutting hours. they are laying off workers. there are higher taxes coming and higher premiums in place. none of this is ready to go. the state exchanges aren't ready to go. all of this is collapsing underneath its own weight and absurd tee. and so they realize they will put off the real horrors

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art cashin is in post nine to help answer that question.year since marissa mayer has taken the helm at yahoo and we will see what she plans for the year ahead. ♪ ♪ ♪ [ male announcer ] the all-new 2014 lexus is. this is your move. ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ flatline today after an eight-day winning streak on the s&p, and art cashin, the director of floor operations is here. >> nice to be here. >> nice streak and i wish it happened on the volume and i joked with kelly saying that thousands of shares have traded hands. >> and we had to push to do that and nearly needed a cattle prod. well, it is um m shgs si, it is structural changes going on and the volume is tough to bring back, and the more amazing figure is a much longer streak in nasdaq and we haven't seen it since the '90s, but i would have thought during

art r art cashin, notes the inverse relationship amounts you start to see yields jumping up.up. 2.6%. what you see markets do have the inverse relationship. the shares sell off. the bulls get spooked. liz: the bulls ran away from the dow jones industrials. [closing bell ringing] at a loss of just 26 points. you compare it earlier to when the dow was down 17. some of the loss comes due to caterpillar which is down about 2% after its earnings. that were disappointing. david: the phrase, as you look at nasdaq here. it is paring of losses. we saw the markets get really spooked by the 10-year rates, jumped tremendously about 5% jump in the rates. that spooked the markets but towards the end of the day the markets became less spooked and looked at stocks they really liked like apple for example, despite what is happening to caterpillar and despite what is happening to qualcomm, they jumped. once again it's a seller's market but barely so. the dow jones down 26 points. the s&p was down six. the nasdaq managed to post a gain ever so slight and russell 2000 hit the biggest. almost a p

one cashin manager on board and apparent lit last person to leave that burning plane. coming up you'll hear what she says about the evacuation in moments right after the crash landing. >> abc 7 news tweeted this picture of some of the students who survived. she'll have a live report coming up on abc 7 news at 5:00. >> and renew abc 7 news smart phone app helping give you latest information you'll be able to watch live breaking news as it happens. it's easy to down load just go to abc 7 news.com for details and remember if you have current app you're going to need to down load this new one. old one will be goog way soon. >> now, in canada the number of dead climbed to 13 following explosion of a run away train. 37 people are still missing. there is a theory about what caused this explosion. the company responsible for the train says a locomotive shut down might have released air brakes. many still missing in a bar when explosions happened. rescuers have been prevented from getting too close over concerns. >> so far 50 people have died with security forces clashing for a

we work hard and pay our taxes and they are cashin' in. think about it. >> this case is not about standing your ground. it is about staying in your car. >> that is cement. that is the side walk. that is not an unarmed teenager with nothing but skittles trying to get home. >> at this hour, the country anxiously waiting to hear the fate of george zimmerman. the six- person jury is deciding whether to convict or charge him with helps in the death of trayvon martin. they could also acquit. the jurors began weighing the testimony on zimmerman and right now, they are getting set for a lunch break after three hours of deliberations this morning, 29-year-old george zimmerman said he shot 17-year-old trayvon martin in self defense. we'll so if the jury believes him or if he's on the way to spending times behind bars. hello, i am uma. the america's headquarters starts right now. at this hour as we await the jury's verdict on whether the fatal shooting of zimmerman is second-degree murder or manslaughter. many are watching and waiting for the jury's

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the one and only art cashin will be here to talk about it when we come back.second trades. and at the center of it all is a surprisingly low price -- just $7.95. in fact, fidelity gives you lower trade commissions than schwab, td ameritrade, and etrade. i'm monica santiago of fidelity investments, and low fees and commissions are another reason serious investors are choosing fidelity. now get 200 free trades when you open an account. all business purchases. so you can capture your receipts, and manage them online with jot, the latest app from ink. so you can spend less time doing paperwork. and more time doing paperwork. ink from chase. so you can. >>> coming up next on the half. he's got the 3406s like buffett and a track record to prove it. we're going to get stock picks from a man known as the oracle of tampa. plus, another record for the dow as earnings come in better than some had expected. how high can stocks really go? and a big debate over where netflix goes from here. carl, we'll see you in about 15. >> sounds good, scott, thanks. this sunday "new yor

we're going to take the "cashin' in" crew and solve the problem. to be detroit city managers. listen. >> do you remember this? >> we refuse to let detroit go bankrupt. i bet on american workers and american engeneral newt and three years later, that bet is paying off in a big way. >> bob thinks it's too much to promote this. it's a fox brand, bob. >> you're right. it's a great show. but we can do it every other week. who is up next? >> andrea? >> i'm glad you're the steward, though. thank you. >> i don't have anything to promote. except greg's next book. >> you can promote your own suspender line. >> sad news f you're a fan of the simpsons or anger management or drew carey show, co-creator sam simon has just been diagnosed with colon cancer. doctors say he has about six months to live. royalties generated from his show generates tens of millions of dollars a year to him and instead of giving it away, he says he's giving it all to charity and he made this statement, which i thought was so telling. he said, i don't think the spirit of hollywood is su

i will get started on that shortly, art cashin.nk you for join g ing us. >>> the bell is about to ring on a holiday shortened trading day, but we have more "squawk on the street" straight ahead. ♪ ♪ unh ♪ ♪ hey! ♪ ♪ let's go! ♪ [ male announcer ] you can choose to blend in. ♪ ♪ yeah! yeah! yeah! or you can choose to blend out. ♪ oh, yeah-eah! ♪ the all-new 2014 lexus is. it's your move. [ babies crying ] surprise -- your house was built on an ancient burial ground. [ ghosts moaning ] surprise -- your car needs a new transmission. [ coyote howls ] how about no more surprises? now you can get all the online trading tools you need without any surprise fees. ♪ it's not rocket science. it's just common sense. from td ameritrade. >>> you are watching cnbc "squawk on the street" live from the financial capital of the world, the opening bell in 90 seconds as we kick off a shortened trading session ahead of the 4th of july holiday tomorrow. stocks here and the nasdaq will close at 1:00 eastern time, and we will take our show through 12:00 n

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we heard info from art cashin, a lot of stock for sale going into the close. high caps, looks like more than $1 billion of stock for sale. although, he was pretty confident they would get pared off. >> that's a lot though. >> yeah. >> anything is possible. we're talking big-liquid caps. we'll see what happens. as we head to the close, joe and jeff from cnbc. you still like this market. we're still in the throes, without a correction, without any -- >> i would like to see a correction, because it's set up again for another move up. i think, bill, we're still going to grind higher. not much higher. we're close to the target ends. there's some value in the cyclicals when it comes to the globals, industrials, energy. there's places to put money to work. >> at this point, what's driving your thesis here? is it earnings? is it the fed? is it the fact there just are very few alternatives? all of the above? >> all of the above, maria, but i would add global growth. i'm probably the only one, i think the old world europe is coming back. it will come in 2017, we'll pric

let's bring in art cashin with ubs financial services.od morning. >> this morning you're saying bulls in control yesterday s. that the case, though? volumes have been pretty light. >> it is. but, you know, i think it is the new world we live in. a lot of the equity volume has been drained in to things like etfs. old days if you wanted to buy s&p 500, you might have 500 little transactions. now you do it in one fell swoop. early days, they used to offset that with transactions. now they've become reasonably liquid enough that you don't see the instantaneous rebounds. some of the former equity volume is sub assusumed. >> there's more volume than just by the normal mshls alone? >> absolutely. you have more and more of this is an institutional business which means a slightly longer time holder. we see figures out that take in to account things like high frequency traders and short life span of the trade. it's not really so. there's a small group that trade actively but the others trade slowly. >> wait a minute. do you mean just here or in gen

art cashin up next with what to expect from today's action.utures a little moderate here floating around the flat line. we'll get the opening bell in 8 1/2 minutes. income? with fidelity's options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens, and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. trust your instincts to make the call. to treat my low testosterone, my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant and children should avoid contact where axiron is applied as un

i was talking to ubs head floor trader, art cashin talking about the dollar.ng into negative territory. the dow jones is down about 222 points here. -- 22 points. nasdaq is snapping its winning streak. we were about to say on the track for its sixth consecutive gain. we haven't seen that. six gains for the nasdaq is still possible for the closing bell. we haven't seen that since november of 2012. we'll see whether that comes to light later in the day. something traders are watch something the u.s. dollar. the dollar was strong. we had a soft the dollar pulled back. we gained. now the dollar is seeing strength. seeing inverse relationship what is driving the dollar leaves some question. i want to take a look here at capital one financial, a name we're following closely. that is because it is jumping. the financial board authorized a buyback of up to one billion dollars in shares. this comes after the bank recently boosted its dividend. right now it is up 3/4 of 1%. you saw it up early in the morning but still holding on gains. key for capital one financial. ash

art cashin, ubs saying it is just right. the tapering could be right for just a moment.he s&p 500 up near its 50 day move move. we can look at some longer term charts so you get a feel where the action has been over the last week. we're keeping an eye on the nasdaq which is doing well, up 1.1%. keep an eye on apple as they file for patents for the i-watch, the iphone watch. couple of pieces of news we're watching with apple. right now up 3.5%. some very positive analyst comments from raymond james with a $600 target talking about the fact we use apple in a lot more things than anybody realizes such as autos and television and such. they think there is a lot of potential for apple. back to you. lori: nicole, thank you very much. ashley: our first guest says when it comes to the markets, well, the fed is only thing that really matters. james bianco is bianco research president. james, thanks for joining us. is it really all that boils down to? first day of the third quarter, first day of july, market surging again but you say it really all depends on the fed so where do we

art cashin joins us. jpmorgan takes their year end target up, confidence at a six-year high, what explains today? >> japan. there was some concern, you saw that the japanese market, their inflation figures came out. they looked good with the headline number and then when you dig down and take energy out, which was where all the costs were, they were deflationary again. they were down. that spooked the japanese market. it dropped the equivalent of about 450, 500 points in the dow. the yen spiked against the dollar. now, you will recall that everybody and their sibling in the hedge fund community was known to be long the nikkei and short the yen, and so when it went against them and knowing that the big players are there, that immediately sparks both concerns and rumors that somebody got picked off base. will it spill back into this market? will they have to sell something else to raise the money? so that made the markets more than a little nervous. i think we're trying -- the other thing to remember is nex

art cashin over at ubs anticipated that the markets would just try to take a neutral stance until werom the fed but basically they're not doing anything. they're keeping it just the way it is. in addition to the fact they're doing great monetary policy that is very highly accommodative they're really once again saying fiscal policy is holding us back. back to you. ashley: nicole, thank you very much. another aspect of this, let's look how the 10 and 30-year treasurys are moving as they were ahead of the fed and how they're looking now. we did see a spike on the 10-year bond earlier today as the adp numbers came in showing we added 200,000 jobs which was better than expected. as you can see receipt now the yield on the 10-year, 2.64%. also seen some movement on the 30-year. some of these yields have been coming down, as you can see unchanged after raising just a little bit unchanged at 3.68%. let's go to the cme. fox business contributor phil flynn of price futures group. what are we seeing there, phil? >> i think most of the commodity reaction is going to come from the dollar. of cou

talking with art cashin at ubs.fueled the rally a little bit thinking that the fed won't taper and began to pull back because the analysts said that is blip for the debt on housing. look at mcdonald's. i mentioned it. it is weighing on the dow, 20 negative dow points give or take. 2.5% on the downside. they noted that sales in europe will be weaker. they face intense competitions from names like wendy's and burger king. back to you. ashley: they do indeed. thank you, nicole. thank you very much. tracy: i love the mcdonald's yogurt. i bet you never get that. ashley: no. not when they have got those french fries. forget it. tracy: turning to commodities and greece and oil and oil prices surging to highest in a month. phil flynn, price futures group, at the c-me is it all about the dollar? what's going on? >> that is part of it. couple weeks ago, tracy they were calling this is the great short. we had the biggest speculative short position of the goldmarkket. what happened to the price of gold? physical demand continue

let's talk to art cashin.e world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. >>> got a lot of movement in the market today. dow opened up to about these levels and has hung there, hasn't budged either way. we've seen gap opens like this before. is this one any different? >> it certainly feels different. first of all let's look back at what's happened every day this week when we've had a rally. we had a 10:00 pullback. we haven't had a 10:00 pullback. second airily, while you cannot guarantee that short covering is taking place, this looks like, smells like and feels like huge short covering. i think there is enough blood in hedge fund alley to cater dracula daughter's wedding. it's very painful. and the fact that the short covering has not allowed for a pullback yet is very interesting. because usually they cover and they pull back to see if they can g

>> art cashin, great to see you this morning. >> let's get for a quick market flash here. drop of the financials. most of them hitting 52-week highs. there's one break-out performer, ask that's visa. visa hitting an all-time high at 136.38. that all-time high is -- once it hit 185 where it had previously seen resistance, it was going to break out. it's up just about 2% intraday. visa is the one to watch. carl. >> all right. thanks so much. starting today, student loan rates are doubling because the senate could not reach an agreement before taking recess. according to some estimates at the white house, 7 million students are expected to take out these loans in the coming academic year. they co-sponsored a bill at 3.4%. they say this issue will be the senate's first order of business after the recess. he joins us this morning. senator, good to have you back. good morning. >> good to be with you. >> how disappointed are you this is going to get done before the break? >> very disappointed. look, we have a whole generation of young people who are struggling to make it to the m

. >> many of us, including yourself, art cashin, myself, talk about it's more than that.sidy. i don't care logic or no logic, any form of removal is going to give us more hiccups. agree or disagree? >> no, i totally agree. as a matter of fact, the real number with the rollovers and so forth is about $100 billion a month. also the treasury came out and said that they're going to be cutting the amount of money that they're going to require so that means the fed is even going to be buying a bigger percentage, and it's, as i said a very false market created by all this free money. >> well, mark, i'm going to have to cut you short. thanks for taking the time today. back to the studio. >> anytime, rick. >> thank you so much. big news this morning, jpmorgan agreeing to pay $410 million to settle allegations of manipulating the power market in california and michigan. jpmorgan did not admit or deny any wrongdoing. our kate kelly is live back at hq is more on that. >> thanks so much. i'm here with federal energy regulatory commission john we willinghoff who was kind enough to give