is this really as bad as toby and gary b are making it out, jonas?well, when you hear the words eminent domain, it's scary because especially because-- but i will say some of the areas are so underwater, and so much negative equity in the homes in las vegas and southern california there's almost no solution in this, and not to force the hand of any lenders who want a piece of that mortgage and what's going to happen, they'll be tearing them down and another eminent domain so i don't think it's designed the way it should be, but ultimately there's going to be a hand going to have to come out and say, you're taking 200 grand on this 500,000 mortgage and you're getting a new mortgage and out of this house, otherwise they'll foreclose and the resale and some of the prices go down more and as far as toby makes a good point, and tell you in the first-- >> and at a good point. there is little private lending, it's government backed loans and as if they don't care what happens. >> so anynas says he's got a hand-- >> look, they have to wore borrow money and p

here they are the bulls and bears this week, we've got gary b smith. jonas max father ris and, gary b, no recovery until we see tax cuts for everyone? >> that's what it feels like, brenda. it's just not a personal opinion, look at the number of companies who have come out this past week and warned that earnings are likely to be down or flat because of uncertainty and in fact, brenda, better be listen to companies that haven't warned. we have mcdonald's, we have ford, we have sisco, we have apple, we have starbucks and it's like a who's who of the fortune 500, now, and those companies obviously are across the board different sectors, different industries, tech, you know, consumer goods, all across. everyone is saying the same thing, congress, clear things up, make at least the the very minimum the tax situation to clear. >> okay, but, there is a cost to that, isn't there? >> yeah, there's enormous cost. this, i think is part of the problem, i think everyone would agree, best case scenario you'd want to extend the tax cuts number one pressure point is th

. >> well, all of those things may be, you know, on your wish list, right now, what we're facing, gary b, is that that fiscal cliff everyone is talking about, that at the end of this year, we do not-- if we do not-- the tax cuts expire and we're going to have huge spending cuts as well. >> well, exactly, brenda. aim note worried about the spending cuts, i mean, you know, all the better, jonas talked about the stimulus program, especially saying the government is paying out more than we're taking in, yeah, let's fix na part, too, with a bigger cut, but getting back to that tax, brenda, it's not just, don't forget the bush tax cuts going away, capital gains are going to go up. we have the obamacare health taxes coming in, and you know, the left argues, let's go back to the clinton tax rates, yes, that's fine, but we're going way past that with these additional taxes for crying out loud. and that's, that's contributed not only to the uncertainty, it's created to people not spending now, because they know they're going to have to pay out a lot more to the the government next year. >> jonas,

gary b? >> i want to get back to you. steve, i think that jonas made the one point that companies hire based on, are they going to make more profits? that's true, and they remember from accounting 101, those profits are translating into retained earnings which most companies plow right back into the business. so, if before your profits were $2 and now they're $1 you only have $1 to plow back into the business, that means you're going to have to hire less people, open one fewer restaurants, buy less, and it might not affect it upfront, but down the line. >> that's the margins. >> and that's the tax-- >> i'm going to jonah, whate ta. >> france is proposing a 90% tax rate and it's their fault. >> people moving to london. >> a crazy example, not satisfying good -- high taxes are good. the end of the day people are not hiring a $50,000 employer because it's going to increase revenue $40,000, not going to make 50,000. as long as they can bring revenue up $50 and fire for somebody for 50, they are real or imagined they don't thi

. >> neil: >> predictions, gary b is up. >> all eyes were on yahoo! the new ceo.lways forget the number within two, go with the number one company. google is still the way to go, 30% in a year. >> brenda: larry, what do you think of that, bull or bear? >> too rich for my blood. bear. >> brenda: okay, what do you like? what's your prediction? >> investors are starved for income right now. look overseas to find that income. also, a weaker dollar could benefit foreign based investments. good for investments like ibb, dow jones selective index pays over 5% yield. filed that in the u.s. >> brenda: for international companies mainly. gary b, bull or bear. >> i'm bearish on it, dead money. >> brenda: jonas, your prediction. >> okay, most of the job creation, believe it or not is going in beleaguered california, even though a city is going bankrupt every week and biggest company in california, chevron. >> brenda: toby, bull or bear on that. >> i'm bearish mostly because jonas said

. >> gary b, bull or bear? >> i like verizon better if you're going in that space. >> and for the economy, yes or no, bull or bear? >> vaguely bullish. >> neil now. >> ♪ >> follow the money and follow history all the way to the layoffs? i'm neil cavuto, 101 days until the election, and the economy grew 1 1/2% in the latest quarter, the slowest pay for nearly a year, and some other numbers are also worth crunching. in nine of the past ten presidential elections the candidate leading in the gallup poll with 108 days left in the race has won that race. the man leading in that poll right now, neither. it's neither. what's this adding up to, to ben stein, charles payne, dagen mcdowell, along with julian epstein and charlie gasperino. >> mitt is start to go come on strong with in the money category. when obama was raising more money than hillary, who, what, how. they're saying it's bush's fault, tsunami's fault. did you know that tom cruise and katie holmes broke up? and everything under the sun and they're not buyin

here they are the bulls and bears this week, we've got gary b smith.al opinion, look at the number of companies who have come out this past week and warned that earnings are likely to be down or flat because of uncertainty and in fact, brenda, better be listen to companies that haven't warned. we have mcdonald's, we have ford, we have sisco, we have apple, we have starbucks and it's like a who's who of the fortune 500, now, and those companies obviously are across the board different sectors, different industries, tech, you know, consumer goods, all across. everyone is saying the same thing, congress, clear things up, make at least the the very minimum the tax situation to clear. >> okay, but, there is a cost to that, isn't there? >> yeah, there's enormous cost. this, i think is part of the problem, i think everyone would agree, best case scenario you'd want to extend the tax cuts number one pressure point is the fiscal situation, you're talking about a massive deficit and debt that keeps growing and so if you extend the tax cuts, all of them in partic

and doug number two thinks gary looks better. rutherford b. hayes or james harden. do it. we are having a little fun. actually came back. down about 100 earlier. where we do not get a hint that qe 3 is on the horizon. they did say unemployment has worsened. the dow down. nasdaq also ended down off of its lows. s&p 500 was positive for a little bit. but at the close we saw a negative showing down just a fraction. thank you so much for being with

. >> we've got tobin smith, gary b smith, jonas max ferris along with todd shoem berger and susan, everybody us out of it. right now things are bad, dire, sentiment is down and consumer confidence that's down. you can take your pick, the house balance sheet that's estimated. we're in recession and never got out of the last one and it's going to continue for some time. >> brenda: toby you're near silicon valley and things look different. >> the world has fallen and never gets up and misses a couple of parts here. and we're not in good shape and whether it's a recession or not, it feels lik

they are arrested anthony pratt and upper --and trumillion b ullard they are arrested for the killing of gary smith who was killed on friday and the police have not said why they think the man may be responsive for the murder but the people that knew the victim said that he was a good person. >> he was a really nice guy, he was helpful when he needed to be. >> darya: san francisco detectives credit union city police with this they say when the two were pulled over in union city, they took off running and a union city police dog called one of the man and was hiding nearby and bit him. they believe they have evidence for prosecution >> mark: vandalism on christmas tree road was first reported yesterday morning. police say it looks like the vandals entered the facility they cut the wires the deny still anything. no services were affected because it involved a city radio network the fbi is involved. >> darya: the five-year and plaster county is now 30 percent contained. you can see the smoke rising from the big fire that was parked on wednesday. now it has spread to about four square mouse. it ha

gary, i am cool as a cucumber. i don't know what you tacking about and come -- what you're tack b. coming up, a key offensive lineman missing and we'll hear from bruce allen, redskins on his prize quarterback, rg3. the news at 5 continues. [ male announcer ] where did all the obama stimulus money go? friends, donors, campaign supporters, special interest groups where did the obama stimulus money go? solyndra: 500 million taxpayer dollars. bankrupt. so where did the obama stimulus money go? windmills from china. electric cars from finland 79% of the 2.1 billion in stimulus grants awarded through it went to overseas companies. [ romney ] i'm mitt romney and i approve this message. . >>> let's see, it's late july. temperatures in the 90s and that means it's the start of redskins training camp. lindsay murphy joins us now for a report on day one. murph. >> it's been hard to keep the makeup and sweat from roaming down your face. it's hot and humid and can you see behind me now, the players are coming off of the field which means they have been practicing since three and they have been o

. >> gary b, you're a conservative. are you for this? >> well, god bless jonas for help finding the silver lining. and finding the good point. >> not at all. >> thankfully he's on the show. the bigger issue, should we be doing it? historically, the government covers carrots or things they want to do. more deduction because they want you to own a home. they offer depreciation equipment they want factories to build more, you're offering an incentive for people not to work. even if jonas is right and the effect is zero, it strikes the american public as the wrong thing to do. as toby points out. do we want people lying in bed making money? the answer is no, we shouldn't be doing it. >> brenda: john? >> and how far have we gone to becoming a european entitlement nation now? recently the world bank told the spanish government that their employees are on vacation and they get sick, they have to get granted more vacation. >> whoa. >> and viva, viva-- >> and quite a policy when you have people out there pounding the pavement, and the kenard in y