now, hear how you can profit from it. >> predictions, gary b.ll begin with you. >> lori, on monday todd will be sleeping in a shelter and fxe, up by january. >> no, near 52 week low. >> what's your prediction, todd. >> greece election is causing me to drink, buying jack daniels and up 30% by december. >> toby, never drag you away from the bar. (laughter) >> i agree with that, i don't like his prediction, overpriced. >> all right, jonas, your prediction for us. >> the price is up almost 8% and the solution, eat more chicken tacos and people at yum brands, 20% in a year. >> gary b, fast food. >> i like fast good, don't like this stock, bear.

vegas declaring a state of emergency, both battling soaring costs for public workers, and that's why gary bays, this bankruptcy trend is the taxpayer's friend. gary? >> absolutely, brenda, you have a city like stockton, almost a half a billion dollars in health care benefits that they owe, a city where you could retire at 50 years old and get health care for life. so, they have a the lot of problems and they're learning now a good lesson, it's a sad lesson, but it's a lesson that they're able to now go back to bankruptcy and renegotiate with these large unites, these large pensions and it's showing that the large public unions are not like where resistance is futile. so you can actually tighten your belt and i think that's good for taxpayers and good for the people of stockton and north legislation and i tell you what, probably a few other cities down the line. >> so, toby, it could potentially be role models for other state and city and even the federal government maybe? >> well, i have dear friends in stockton, able to tell you they've been the role model for everything. and people spendi

now, hear how you can profit from it. >> predictions, gary b.ll begin with you. >> lori, on monday todd will be sleeping in a shelter and fxe, up by january. >> no, near 52 week low. >> what's your prediction, todd. >> greece election is causing me to drink, buying jack daniels and up 30% by december. >> toby, never drag you away from the bar. (laughter) >> i agree with that, i don't like his prediction, overpriced. >> all right, jonas, your prediction for us. >> the price is up almost 8% and the solution, eat more chicken tacos and people at yum brands, 20% in a year. >> gary b, fast food. >> i like fast good, don't like this stock, bear. >> toby quickly. >> tsa, another bribery scandal going on and flying pieft. txt is a winner. >> quick word, jonas. >> cutting defense budgets to the bone. >> we're done. thanks for joining us, everybody, cost of freedom, number one business block on tv continues with neil right now. ♪ >> when you reduce a hedge or hedge a hedge, isn't that gambling? >> i don't believe so, no. >> so, this transaction that you s

you'll spend less on the car and the gas. >> brenda: gary b.this on. >> this is an agency that has a 10 billion dollars budget and grown almost 30% under the current administration and it is, as jonas says, an environmental agency, but in order to akiev that and say taxing agency. and in order to do that, it taxes, it hurts the economy. >> julian, help or hurt the economy and consumers? >> as a matter of constitutional law, the congress did not have the legislative veto, that's been known for three decades and it's the third time we've slam-dunked the arguments and headed by chief judge david san tell, who was an arch conservative and the science is extremely solid, the need to reduce it by 6 trillion a day, 6 trillion metro tons is absolutely critical and save consumers at the pump and reduce reliance on imported oil. >> brenda: toby, last word. >> yeah, we can't afford it and we certainly can't afford it, there's a ton of reasons why we can't. i'll tell you that next week. >> brenda: thanks, guys and thanks to julian and larry for joining us,

the bulls and bears, gary b smith, tobin smith, jonas max ferris, along with kyle and this downgrade has you concerned? >> yes concerned. i think the markets already priced in this downgrade, in my opinion, hence the reason the market was up a bit today. i've been saying since january that the market is going to have trouble and continued volatility going into the november election and i stick with that point. i believe that the banks have severe problems lending to small businesses is only going to continue to be a problem and they're going to need to look to other ways, the atm feeds increased or quarterly statements in order to keep solvent. >> i don't know, s & p downgraded the banks six months ago, this is more or less a downgrade on the entire financial industry, given what's going on in europe and the debt crisis there. >> i agree. to me, i agree with most of kyle's point, but this is kind of after the fact. basically moody's came out and said things are going to have trouble makes as much money as in the past. big deal, who the heck doesn't know that. the captain obvious to t

gary b. going to get better or get worse? a bull are or bear on the economy? >> let me break it down, brenda, into two things. first of all, i'm a little bearish. i kind of agree with jim's viewpoints. i will add in i think the government regardless of what david says has done a horrible job managing the economy. not that they should be managing the economy. but what they have been doing is the wrong thing. i'm bearish on the economy. that is a different question as to whether i'm bearish or bull esche on the stock market. i think the market gets ahead of itself. it immediately goes from feeling pretty good to ar armageddon and everything will end tomorrow. that is why i think it is time buy rather than zel sell althoh i'm skeptical about the economy. >> jonas, are we going to get better or worse going forward? >> i think we going to flat line and that is better than going down. i think there is a reason why. two drags in the economy. the rest of the world is slowing down. that is a drag because we have to export to those countries as well. that is hurting. an

here they are, tobin smith, gary b, and john, welcome. bigger government the best thing for the economy? >> brenda, this is worse for the economy and bigger government means one thing, bigger spending and being right now, uncle sam has no money, that means bigger deficits. we've been going through a three-year experiment now of more government, more government, more government and the results are in, last month, we created 69,000 jobs in all of the united states of america. so, what our economy needs right now is is a boost and electrified in some way and spending has proven to be not the way to do it. i think what we need is a dose of dr. romney. >> brenda: jonas, that hiring was done by the private sector. the federal government is pulling back and president obama is saying, no, it needs to hire more. is that the answer to this tepid recovery? >> i think it was the answer about two years ago. the private sector mostly state and local governments are shrinking. and the governments i should say, the corporations are hiring, just not hirin

. >> gary b, interest rates are at historic lows right now and you're making it tougher for people, for banks to loan money. so much stricter now. >> exactly, the banks cannot operate under any kind of free market environment. they're so shackled right now. i mean, let the banks run free. let them take risk. what the problem is we have the darned too big to fail kind of thing and because we have that, and we also have all of these restrictions that jonas alluded to and lend to people. i couldn't refinance my mortgage and i'm-- >> come on, gary, let's not get ridiculous. >> okay. now, i swear to god, i could not. that's the problem with the system. if the banks were unshackled and allowed to fail, by the way being like they should have been in back in 2008. we'd have a much stronger economy. >> and the other thing, david mercer, the financial industry is not signaling that the banks are at any risk of imploding. >> and more does it signal that the economy is going to implode as well. and we shouldn't be taking the recent downgrade as an indicator that you throw the baby out with the bath

. >> gary b. i'm sure you have a list of government workers you'd like to hire. >> well, i -- i'll demure on that one, brenda. i think it boils down to simple economics. so, let's just -- the dollar is a dollar. is it better spent by the government or the private sector? studies have shown that the multiplier, in fact, how much a dollar spent by the government adds to the economy is very often less than a dollar. so, a dollar spent by the government adds less than a dollar to the economy. why? because it crowds out private investment. so, would you rather have the government spend the dollar or the private sector spend the dollar. most cases hiring more government employees doesn't produce any usable goods and services, at least not for a long-term. again, where is it better spent? the private sector where, you know, you have your apples, your googles, things like that are produced and that's why the private sector needs to keep the money. >> julian, state and local governments have been cutting w

here they are, tobin smith, gary b, and john, welcome.gger government the best thing for the economy? >> brenda, this is worse for the economy and bigger governmenan

we've got gary b smith, tobin smith, jonas max ferris and julian epstein.the speed limit for the economy, if you have let's say 55 or 60 employees now because of the new law, we'll take that to 49 the. if you're under 50, guess what, you're going to stay under. >> the worse things are the franchisees, hanging on by a threat trying to recover and you don't see, unfortunately, mass, mass layoffs and businesses closing because they just can't make a profit on this, what does that mean? that means a lot less jobs,

the bulls and bears this week gary b. smith, tobin smith, jonas farris along with mike camp.. jiad

tobin smith, jonas max ferris, gary b smith along with todd shown berger and susan.et, main street, anybody around the globe wants to hear, this is going to be a horrific moment not just for the united states economy, but everybody in main street, right here, usa has to be vitally concerned with what takes place with greece

the bulls and bears, gary b smith, tobin smith, jonas max ferris, along with kyle and this downgradeence the reason the market was up a bit today. i've been saying since january that the market is going to have trouble and continued volatility going into the november election and i stick with that point. i believe that the banks have severe problems lending to small businesses is only going to continue to be a problem an

and b, i think it was gary that talked about the element that provided certainty. that's a big part of what we have to do is make sure that the employers in our state, the businesses in our state know exactly what they can expect with respect to regulatory policy. with respect to tax policy. with respect to continued improvement in schools, i mean it's all the issues that we talked about earlier. and so i think generally, i mean uncertainty absolutely discouraged business, whether it's at a national level or whether it's at a state level. so one of the things we absolutely have to do is provide that level of certainty, not just in one area, but across a whole range of areas. >> do you agree, a, that there's uncertainty, and b, do you think it intensifies the closer we get to this termination date, december 31st. >> i think people who talk about this talk about uncertainty around the world plays an impact on any decision out there. june was a big month in terms of the settling unsirity. last tuesday, gave people a clear answer in what was going to happen in wisconsi

b, it was gary that talked about the element of providing certainty. i think that's a big part of what we have to do is make sure that the employers in our state, the businesses in our state know exactly what they can expect with respect to regulatory policy, with respect to tax policy, with respect to continued improvement in schools. i mean, it's really all the issues that we talked about earlier. and i think generally, i mean, uncertainty, absolutely discourages business investment whether it's at a national level, whether it's at a state level. so i think, you know, one of the things we absolutely have to do is to provide that level of certainty not just in one area, but across a whole, a whole range of areas. >> and does that -- i'll go to governor walker. do you agree, a, there's uncertainty and, b, do you think it intensifies the closer we get to this termination date for many of the tax provisions in the code, december 31st? and for that reason would you, since you're here in washington and there are those down the street who may be listening,

gary: i like talking about my to. >>justine: this economic profess so professor put together wins and how much they should be paid. he said he said the most paid m bive. he's eighties in the most overpaid this is the not that they think they're overpaid. the whole point is that yquem economics pit /+ >>james: it got hot of the weekend but we finally have really for our inland communities. as you can see this coming weekend will be rather cool with temperatures in the '70s. with a more detailed look at the forecast with eric got a little later on. >> police are investigating an assault picture day and now what dampier and >> he was leading by a set in the finals. we had to be kicked out. >> jack osborn son of an icy ensure laird of his illness two weeks after his wife gave birth to their first appeared he has multiple sclerosis. with back a minute. one >> >>justine: you're the top stories we're following. a key witness is now giving their cat would have then end the case of >> there is a deadly boating accident >> the election and increase is only offering free of optimism. let's get a quick update on weather and traffic pinfish >>george: we're tra