ben stein, charles payne, dagen mcdowell, adam. dagen? >> giddy-up! come on. the president -- >> i like ben stein to do just that, you know. very good. >> the white house is taking the nation as a whole down a road toward europe, more regulation, significantly higher taxes, bigger entitlement programs. instead, we should be looking to texas as a mode no personal income tax. wouldn't we love that? but very low tax burden among the states, the six lowest tax burden in the nation. a very friendly regulatory environment, one of the smallest governments based on the number of residents of the state. and they're actively luring businesses into the state from other burdensome states. >> i think he's a pretty clever guy, the president. i think he knew all of the above. that's why he was there and that's why he was more or less trying to use the state, even though its policies are different from his own to say hey, i'm leading thi parade. >> you know what? the president is a brilliant guy, but i'm not sure -- i think he might have made a mistake. i don't give them that

ben stein, charles payne, dagen mcdowell, adam. dagen? >> giddy-up! come on.resident -- >> i like ben stein to do just that, you kno

back to dagen mcdowell and connell mcshane. dagen: actually not of dad golfer.thank you for that. connell: no, no, no, i probably should get one of those. a lot of people use them. let's go back to d.c. because in the hot seat for the first time the guy who was in charge when the irs is targeting some conservative groups. dagen: one set in front of congress nothing happened here. peter barnes in washington d.c. with more. peter: doug shoen has not had much to say. the real confrontation came between senator orrin hatch, top republican and steven miller who was the acting irs commissioner who took over after eshelman left, hatch and other senators sent letters to the irs asking about targeting of conservative groups and the tax exemption process and the letters they got back signed by miller was pretty standard that they didn't let on that this was under way or that they knew about it. that amounted to a lie according to senator hatch. take a listen. >> why did you mislead me and my colleagues? my fellow senators and most importantly the american people by failin

to ben stein, charles payne, dagen mcdowell along with adam and charlie. charles payne. >> you know what? i'm not sure. it depends. the hearings this week started off with fireworks. they're going to continue. no doubt about that. if we look at some of these scandals, wate watergate, iran contra, monica lewinsky, the economies did well throughout all of those. >> neil: not watergate. >> well, the gdp wa was up for e most part. toward the end, it was a complete meltdown. that's what happens when the president leaves in that kind of disgrace. you know, i will say that there's a good side to this, too. the idea of stopping the anti-business agenda of this administration, i don't think the market is unhappy with that. >> neil: charlie? >> i think it's -- listen. watergate, as you know, was in the middle of stagfliation. monica was in the middle of the tech boom. i don't think this matters that much. i don't think this scandal imperils the presidency. the market doesn't care about the president, only the head of the fed. they're printing money. that's what this

ben stein, dagen mcdowell, adam, charles payne, what do you think? >> neil, look, it's about time, really before we start, someone in washington needs to start reminding americans how great this country is. every time i see these, it's like we're the 80 pound weak ling. the last thing that will hurt us is the government having fiscal restraint. you want to talk about what's hurt us, higher taxes. no one out there wants to hear about 2%, how ownerous this is when the american public, the household debt is $1.3 trillion the hard way. so it's about time. remind us how great we are. >> it is interesting that march and april, the two months for which the sequestration effects were in, not much pain at all. >> no. not at all. and for february and march,he jobs numbers were revised higher by a combined 114,000. there were 332,000 jobs created in the month of february. so it shows that democrats and republican politicians will say anything, even if they know it's not true, to get what they want, even when they don't, they're still going to suck their thumbs

to ben stein, charles payne, dagen mcdowell along

i'm dagen mcdowell. she will go. now she gets that sit at home and get paid by you, the american taxpayer. how many people really pushing for this targeting. targeting our nation's energy providers. passengers aboard this british airways flights have this care of a lifetime. filling up the holiday weekend, not any cheaper than it was a year ago. americans would still rather drive and flight. he blames them? those stories and so much more coming up on markets now. ♪ the top of the hour. stocks now and every 15 minutes. nicole petallides at the new york stock exchange with a market that has the list from the better than expected durabl goods numbers. >> we have some aberration out of germany about confidence. we have had a couple of days of selling. that turns around. we are seeing is more selling, and then it really feeds into this people who says smart mone has begun to sell. the market is taking a little bit of a breather. no one really knows. you are seeing at down arrow. we have had four straight weeks of gains, b

the i am dagen mcdowell. constitution die-hards up in arms. of national security or plane abuse of civil liberties. connell: the irs catching the same amount of heat, congress jobbing at the bit, who was targeted by the government agency and while. dagen: a high cost associated with angelina jolie's life decision, who should follow her lead and who should not? the connell: jack is back. want to make headlines from the network of front? fox resurrecting the big money-making series 24. jack our making a come back. those stories and more on markets now. >> if not successful lose your younger son. >> copy that. >> we are go. connell: you must have been. i was a big 24 and. dagen: initially. no.

dagen: i am dagen mcdowell. connell: good morning. i am connell mcshane. tarts a business in his mom's apartment. by his mid 20s, he is worth about a quarter of a billion dollars. connell: they are back at it. china's military targeting america's cyber infrastructure. dagen: incredible pictures out of the midwest. those stories and a whole heck of a lot more coming up on markets now. ♪ connell: we liked this story. the kid in his mid- 20s. look at him now. dagen: manhattan was not good enough for him.

i am dagen mcdowell. connell: i am connell mcshane. the jobs report was pretty good. l: jamie dimon cannot escape the spotlight. dagen: another weekend with warren. he is now on twitter. those stories and more coming up on markets now. ♪ connel

dagen: i am dagen mcdowell. today's adp report is not good news for this country. d computers give traders the edge in markets. dagen: pro- immigration groups ring in the new month with nationwide rallies to support their calls. douglas holtz again tells us why

i am dagen mcdowell. connell: i am connell mcshane. ting the department of justice on its ear. connell: the attention of the people bank of china. dagen: money is also cheap. corporate america taking advantage. those stories and so much more coming up on markets now. ♪

i am dagen mcdowell. connell: i am connell mcshane. dagen: the phone records scandal that is putting the department of justice on its ear. connell: the attention of the people bank of china. dagen: money is also cheap. corporate america taking advantage. those stories and so much more coming up on markets now. ♪ connell: didn't i tell you there is plenty to talk about. dagen: oh, my word. connell: let's go to nicole petallides. nicole: the dow is just turning into positive territory. the s&p 500 at record intraday highs. nobody has ever seen these levels on the s&p 500. the nasdaq with an up arrow. back to you. dagen: thank you, nicole. connell: in tolerable and inexcusable. conservative groups and eric holder will testify on capitol hill in a couple hours on this. they ordered the fbi to investigate this scandal. dagen: joining us to debate, discuss, dig in, a fox news contributor and joseph banister a special agent at the irs. we will start with you first, joseph. how much of this do you see just blatantly illegal? >> quite a bit, act

dagen: i am dagen mcdowell. mcdonald's is quite happy to be along for this ride.and our assets. the judge says it is not good news for the cell phone providers or you as a customer. dagen: "the great gatsby." those stories and more coming up on markets now. ♪ connell: away we go. dagen: top of the hour. stocks now. nicole petallides is at the new york stock exchange with more. nicole: we have gone back and forth. we have

now back to the fabulous dagen mcdowell and connell mcshane. dagen: we say this, i love the tweak you put out last night about a mutual friend of ours at a benefit. you look beautiful land to read that. love you much. >> we know who we're talking about. dagen: and inspiration every single day. connell: we cover breaking news of the day. we mention the irs hearing in washington, the other one we are monitoring is ben bernanke's congressional testimony, the fed chairman being questioned by senator toomey of pennsylvania. let's rejoin that hearing. >> total amount of economic activity that occurs over the long run. >> to some extent that is correct. we have a situation where we have home building is well below what is sustained in the longer term so more quickly we get back to a more normal level the more quickly the economy will be close to full employment. >> it is important to consider accommodative monitoring policy, a net growth strategy with a bigger impact on timing of economic activity than the total amount. >> we are trying to mitigate the

i'm dagen mcdowell. she will go.yer. how many people really pushing for this targeting. targeting our nation's energy providers. passengers aboard this british airways flights have this care of a lifetime. filling up the holiday weekend, not any cheaper than it was a year ago. americans would still rather drive and flight. he blames them? those stories and so much more coming up on markets now. ♪ the top of the hour. stocks now and every 15 minutes. nicole petallides at the new york stock exchange with a market that has the list from

dagen: i am dagen mcdowell. connell: i am connell mcshane. agen: what is so bad about down 15,000? mark fahlberg can always find the bad in everything. connell: worker productivity is costing our economy billions of dollars. dagen: call it the cyber bust. those stories and a whole lot more coming up on markets now. ♪ connell: you h

dagen: i'm dagen mcdowell. connell: i am connell mcshane. ty and the fbi. warning financial institutions they are being targeted again. dagen: the senate giving the okay to the online sales tax bill. art laffer tells us why he is okay with this or postal. connell: new jersey's governor has weight-loss surgery, thinking about the oval office in 2013? dagen: and then, disney working magic at the box office and the small screen. at look at why the hous house oe mouse is on firm ground. coming up on "markets now." connell: that is your story of the day, chris christie? dagen: absolutely. front page of "the new york post." does his personality change? connell: brett bear coming up to talk about that. nicole petallides at the top of the hour from the new york stock exchange. nicole: good morning. taking a look at a

i am dagen mcdowell. connell: i am connell mcshane. the jobs report was pretty good. the expectations. dagen: 20 somethings with no job. connell: jamie dimon cannot escape the spotlight. dagen: another weekend with warren. he is now on twitter. those stories and more coming up on markets now. ♪ connell: we have warned buffett tweeting. dagen: we will have to check in on him. connell: let's go to nicole petallides. nicole: a little celebration out there. a monumental day on wall street. the nasdaq composite has the highest levels we have seen. all 30 dow components have been in the grain. we saw at&t's pfizer faltering most recently. we saw 2008 and the jobs added. some good news from the jobs and the labor department. connell: thank you. dagen: a record day for the dow. the on employment rate was down to 7.5% in april. 165,000 jobs created. this is where the fun starts. revisions. vendor 32,004 february. the second revision for that month. connell: scott bloch is here to talk about the run-up we are seeing in the market today. kate rogers is also on hand. we will talk

dagen: i am dagen mcdowell. connell: i am connell mcshane. in greece, more than 60% of 20 somethings cannot find a job. dagen: what is so bad about down 15,000? mark fahlberg can always find the bad in everything. connell: worker productivity is costing our economy billions of dollars. dagen: call it the cyber bust. those stories and a whole lot more coming up on markets now. ♪ connell: you have been fighting off the allergies. dagen: two weeks. connell: you have not called in sick, though. dagen: no. i do not believe in it. connell: let's go to nicole petallides. nicole: let's take a look at what is going on. the dow jones industrials down about 24 points. yesterday, we broke new records again. we have not had that since 1998. obviously, we have had a run-up. now, it is taking a little bit offa breather. we got in our weekly jobless claims. slightly better than we expected. most of the names have down arrows. dagen: thank you. connell: a huge problem overseas. greek youth unemployment over 64%. 64%. dagen: it also ticked up to 27%. what about

dagen: i am dagen mcdowell. today's adp report is not good news for this country. connell: keep printing the money. cme admits high-speed computers give traders the edge in markets. dagen: pro- immigration groups ring in the new month with nationwide rallies to support their calls. douglas holtz again tells us why immigration reform a boost. connell: we will see what our buddy walt mossberg has to say. those studies and more coming up on "markets now." ♪ dagen: walt is here to talk about his spring laptop guide. connell: absolutely. that is kind of interesting. i don't know if the tablet is on its way out or not. dagen: we have nicole petallides at the new york stock exchange. nicole: we have completed april. the adp report came in weaker. we will continue to see what the committee will be saying. merck has been weighing on the dow jones industrials. the majority of the dow components are not moving dramatically. connell: thank you. adding the fewest number of jobs in seven months. there it is. is this a sign of an economic slowdown that is really on the way? >> yes

the member of that committee was on markets now with dagen mcdowell and connell mcshane last hour. >>ers and american citizens that citizens get an answer that will give them confidence in government. that is the bottom line. confidence in government. maybe too late for congress to recover but certainly as relates to the irs they deserve better than what they are getting today. cheryl: what do you think of charlie rangel's comments? something for the tax man, can't be a real fan. cheryl: certainly charlie rangel and several committee members were very clear in their questions, very pointed questions and republicans did good job keeping questions short and to the point, looking for fact, miller would not answer. >> i expected him to be more -- we are so sorry. he doesn't seem real sorry. at one point he told -- a constant pleas which was so blunt and honest. cheryl: i do not believe partisanship motivated the people that engage in the practice as described in the inspector general's report. dennis: i love that, but wasn't politically motivated at all, we are targeting tea party groups

dagen: i am dagen mcdowell with a horrific scene in oklahoma and other parts of the midwest as more tornadoesll: stay in put and keeping those jobs, a big data jamie dimon and we are live from the shareholder meeting of jpmorgan. dagen: florida to capitol hill investigations go more. the former irs commissioner in the middle of the targeting scandal delivering his first testimony to congress as tea party protestors rallied around the country. connell: don't forget about apple, the ceo defending his company dance accusations it dodged taxes and also happening in washington, we have that story and more coming up in markets now. >> prayers are with the

dagen: i am dagen mcdowell. mcdonald's is quite happy to be along for this ride. connell: congress on how we can protect our nation and our assets. the judge says it is not good news for the cell phone providers or you as a customer. dagen: "the great gatsby." those stories and more coming up on markets now. ♪ connell: away we go. dagen: top of the hour. stocks now. nicole petallides is at the new york stock exchange with more. nicole: we have gone back and forth. we have set new record intraday highs for the s&p and dow jones industrial. still above the 15,000 mark. disney came out with their quarterly report. it is selling off some. the tech heavy nasdaq is off. back to you. connell: another day, another record. 15,000 at the close for the dow yesterday. our first guest on markets now says, down. do not prepare 416k just yet. why the caution? >> this market since november is up 21% already. for the month of may, it is up a little bit more than 2%. the earnings, especially on the revenue side of it, we just do not have this kind of economy or earnings to support

dagen: i am dagen mcdowell. the cost of amnesty. show just how big the burden could be. we debate. e door to a much bigger problem with microsoft internet explorer. dagen: lower gasoline prices. why economists say this is an important ingredient to keeping the economy on track. connell: all that in wrapping up the weekend with warren buffett with the top issues facing our economy. those stories and much more on "markets now." >> what do you think of the good old single-family growing as an investment these days? >> i said a year ago though i tt was a very good investment for people who knew they were going to live in that house for considerable piece of time. take a long-term mortgage. dagen: top of the morning. top of the hour.