for monsanto has been rejected.santo is trying to sweeten the $45 billion bid by offering a $2 billion breakup fee. notenta not bunching -- touching. .- not budging anding me is alan bjerga m&a reporter ed hammond. on top of a $45 billion bid, a lot or underpriced? ed: it is a big figure. if they paid it it would be the fourth or fifth largest paid breakup fee for antitrust. what syngenta and has been arguing about, it is not a lot. we think they are asking between 10% and 13% of the overall transaction. whether it's been software is slightly above, it would move the break. they want a big break for these reasons. a huge execution risk. that involves some antitrust risk. any deal is going to take a long time to go through. will take them out of the market for a minimum of nine months per year. if you want to do that it will cost you. alix: do farmers want this to go through? alan dang you take a look at something that controls 40% to -- 40% of the seat market. seed prices are triple what they .ere 20 years ago monsa

he was in charge of maintaining instruments at monsanto. monsanto. >> who was the other? >> i'll get to that. one of the things i wanted to mention that might be of interest, polonium had a tendency to spread and contaminate whatever it was near or in. it had a rather high vapor pressure and in addition when they were expelled, they kicked other polonium to nearby. and so in order to keep the background radiation whenever you're measuring radiation, you have to be concerned about background radiation which includes cosmic rays and whatever activity comes from natural radioactivity that comes from whatever materials are around. it might be brass or whatever as some natural radioactivity. and then the polonium would contaminate these disks that the brass brass disks that the measured were put on. so i had to devise a means of chambers. samples of light sandpaper from every manufacturer of sandpaper in the country and some in europe for that matter. in order to find a sandpaper with the lowest natural alpha ray contamination. and fortunately i was able to find one that was v

>> -- what the court said in monsanto, but monsanto is not the only case. yee said the same thing with respect to real property. that was the case involving the mobile home park. and it was claimed there was a taking there because the mobile park owner was subject to rent control, and it was argued that that was just like loreto because it was a forced physical occupation, and the court said no. the critical distinction was that the yees had voluntarily chosen to enter the rental market, to enter into a commercial transaction, and the government could then, because they had voluntarily done it regulate the price that was being charged. >> mr. mcconnell was asked a number of questions about the leonard case, but i take it that you don't think that the leonard case has very important bearing on this case because you cited one time in your brief -- it's a passing reference on the issue of findubal goods. am i correct there? >> it's a good point -- >> you didn't propose, you didn't suggest to us that this case is just another version of leonard, and therefore,

syngenta with monsanto. >> more mega merger news.eo have their best day in seven years. and awayingweighing a bid. >>> the euros with higher opens. with a sea of red across european stock markets. >>> and if you're just tuning in thanks so much for joining us here on wx "worldwide exchange." is really was all about that job report on friday. one of the reasons we saw an outsize reaction in the treasury market. the may rate of 5.3%. higher than the forecast with the take away from the report. let's take a look at u.s. futures and what we can expect on this monday morning. very different picture from what we're seeing here. the dow indicating a higher move around 3 points. the. s&p 500 at a half point. the nasdaq, keep an eye on the nasdaq. we do have that. ale developers conference today. analysts expecting a music streaming service to be unveiled, so we'll be keeping an eye on shares of apple and what that neerns then the whole. the big story last week is greece not meeting its imf payment, of course that being pushed to the end of j

singenta has rejected monsanto's $41 billion takeover offer. the bid undervalues its business d regulatory concerns among other things and monsanto fell to $112.78 and singenta was off a fraction to $86.19. entreprenes from all over have descended on los angeles to attend the cnbc iconic conference. tyler math son was there and he says this time it's all about company branding. thank very much. i've spent the day at iconic 15 which is the sec stop on our iconic tour where we celebrate and teach entrepreneurs and financiers about the entreprene ecosystem in the country. today's discussion is largely about th power of branding and what brand and stand for. out of all of the brands out there, one really does stand out in the domain registry area and that is one you probably know. godaddy, known for its advertisin that from time to time pushes the envelope. >> we asked the founder of godaddy, bob parsons about his advertis and what he thinks of it. >> advertising, it's like the fact i had a party. it doesn't offend anybody and he doesn't get any ac

on the rationale of monsanto. what nolan said was we will not cut back on a rationale, we do not regard the ability to build a house as a governmental benefits. it did not say it reaffirmed the idea of an exchange where the government was giving a benefit of clearing the product for use. justice scalia: whereas you say introducing raisins into interstate commerce is a government benefit. mr. kneedler: the regulatory program is a governmental benefits. justice scalia: no. you say the activity in regards to this taking is the regulatory activity which is subjected to this thinking, the introduction of state commerce, that is something of a benign government can give or withhold. mr. kneedler: it is permission to do it, which is exactly what the court says in monsanto. but it is not the only case. yee was for real property, that was a case involving mobile home park and claimed it was the taking of there because the mobil part-owner was subject to rent control and it was argued that was like loretto, they forced phys

monsanto rejected a $45 billion offering monsanto continue to pursue a deal.ering to pay $2 billion reverse breakup fee if they could obtain global regulatory approvals. the gentile says monsanto made no attempt to address those regulatory concerns. who took home the prize at the weekend box office? lauren simonetti has been tracking for us. lauren: we do this almost every monday morning. melissa mccarthy was leading lady but it was pretty disappointing. jurassic world yesterday. this movie opens this friday. expectations $100 million. looking right now at the past weekend, number one was the spike movie with melissa mccarthy. the second-place san andreas is a disaster movie with the rock that brought in $26 million. insidious chapter three in third place at $23 million. this is a big disappointment. entourage of the hbo show came in fourth and takes place four years after the show wraps up. and in fifth place, mad max beard wrote. i didn't see any of those. sandra: ari gold was marching around the new york stock exchange with a lot of energy and in character.

it does not support the lawsuit and denies aligning itself with monsanto monsanto. losing your sense of smell may be a sign your number is up. the people with the poorest sense of smell are twice as likely to die within the next four years. they surmise a failing sense of smell may be a sign of a more serious problem and it could also leave people in more physical danger. i'm jane king from the nasdaq. here's to your health. >> the sunnyvale-based company says it has reached i deal with live stream with the buffalo bills-jacksonville jaguars game. this is the first time in nfl history that anyone with an internet can tune in to watch a live football game for free. the game is being played in london and won't be shown on live tv anywhere, but the buffalo and jacksonville markets. >>> apple is recalling a speaker. the beats pill speaker can overheat. you can return the speaker for a full refund and just fill out a form on apple's website. apple bought beats and it was before apple acquired their products. >>> consumer news and humor don't go together that often so a u

people who worked there at monsanto monsanto. he may have been physics, but i was not aware of that. but he was in charge of maintaining these instruments at monsanto. >> who was the other? >> i'll get to that. one of the things i wanted to mention that might be of interest, polonium had a tendency to spread and contaminate whatever it was near or in. it had a rather high vapor pressure and in addition when they were expelled, they kicked other polonium to nearby. and so in order to keep the background radiation whenever you're measuring radiation, you have to be concerned about background radiation which includes cosmic rays and whatever activity comes from natural radioactivity that comes from whatever materials are around. it might be brass or whatever as some natural radioactivity. and then the polonium would contaminate these disks that the brass brass disks that the measured were put on. so i had to devise a means of chambers. samples of light sandpaper from every manufacturer of sandpaper in the country and some in europe

could this derail monsanto and their plan for a takeover?y rejected we have initial -- they rejected the initial bid in may. take a look at deutsche telekom, mrs. after we heard dish network was in talks to merge with t-mobile. deutsche telekom is the parent company of t-mobile. interesting, a tech news website said a deal between dish and t-mobile is akin to to people who took up because they are the last two standing in a bar at the end of the night. the t-mobile ceo said that with no comment. anglo american down today. miners actually the biggest decline is on a stoxx 600 this morning. this is a gold and industrial metals are dropping today. nickel, in particular, taking a hit. jonathan: great work. in the u.s., bill gross had his eye on equities further east. he called the german bunds the short of a lifetime. he says the next short of a lifetime could be the china shenzhen index. let's get to richard frost in hong kong. richard, break down what bill gross is talking about. richard: just to talk about what happened in shenzhen after thos

monsanto on june 6th saying we'll give you a $2 billion reverse breakup fee.responds and says we're not interested. we think this fails to meet the test we would want to sit down and meet a deal. they say they received a second letter from monsanto that stated the same thing but added the break fee. the second letter they say represents the same inadequate price and regulatory undertakings to close, same regular story risks and same issues associated with dual head quarter moves. they reiterate their rejection of that. at this point, yeah now we have the letter up there. we've already read through it. i'll read you a little bit more in a minute. from monsanto ease point of view they need to take this to the shareholders to syngenta and make their case. hoping to pressure them to the board. they haven't raised it. they only added the $2 billion reverse feel. it represents about 16 times ebita. it's not a company that's growing. the multiples are 16 times last year and about 15.8 times last year and 16.3 times this year going through all the letters here. it giv

kneedler: that's, i think is the lesson of monsanto. justice scalia: it would be an unconstitutional condition for putting something into the stream of commerce. mr. kneedler: that analysis would apply [inaudible conversations] 's -- justice alito: are there any limits to that? you can sell cell phones but any fifth one, you have to give to us. you can sell cars in the united states but every third car you have to give to the united states. mr. kneedler: i think that would present a very different question. justice alito: why? mr. kneedler: this is part to a comprehensive regulatory program. justice kennedy: you are saying it would be ok. [laughter] mr. kneedler: no, we are not saying that all. the rationale -- the government can come up with the rationale to justify those examples easily. chief justice roberts: you say cell phone providers benefit greatly. we are going to take every fifth want and give it to people who might otherwise be able to afford a cell phone. that will help cell phone manufacturers because more people will have

kneedler: monsanto is not the only case -- i do not believe nolan cut back on the rationale of monsanto. what no one said was -- no one -- nolan said was we do not regard the ability to build on your property, your real property to build a house as a governmental benefit. in fact, reaffirmed the idea that there was an exchange in monsanto with the government was giving the benefit of clearing the product for use. justice scalia: you say that introducing raisins into interstate commerce is a government benefit, right? mr. kneedler: the regulatory program is a governmental benefit. justice scalia: not the regulatory -- you are saying the activity which is subjected to the taking is the introduction of raisins in a state commerce and you say that is something the benign government can give or withhold. mr. kneedler: >> it is permission to do it which is exactly what the court said in monsanto. that is not the only case. yi said the same thing in respect to real property. that was a case involving the mobile home park. there was a claim of a taking because the mobile park owner was subject

monsanto is dragging it down. the company coming out with earnings that actually beat estimates.company says it is cutting costs this year. it is also developing plans to reduce its operating expenses by as much as $500 million to august of 2017. the application according to analysts is that monsanto expects the corn and soybean prices will continue to decline. one-timea boost from a time payment from scotts miracle grow. if you back that out, analyst still see weakness uprising could shares are down 4.5% and we are seeing a heavyweight between the group more broadly. they have been trending down over the past several years after hitting a peak at the end of 2012. foreigners were drawn in by the -- farmers were drawn in by the prices inflate and work one which created a flood and push the price is down again. i've won the financials were weakened against the -- i mentioned that the financials today.akened they are trading citigroup added multiyear -- at a multi-year high. that is because the performance that we have seen and the outlook that we have seen his weaker revenues in th

monsanto monsanto, the seed company, is down 5.7%. automotive innovation starts... right here.control pad that can read your handwriting, a wide-screen multimedia center, and a head-up display for enhanced driver focus. all inside a redesigned cabin of unrivaled style and comfort. the 2015 c-class. at the very touchpoint of performance and innovation. >>> hello. i'm sue herera. we're following a developing story, which is the negotiations to try and reach a bailout deal for greece. there is some pressure in the market today. as you can see, down 145 points on the dow jones industrial average. some of that is being linked to some relatively negative comments coming out from the many finance ministers gathered now to try to work out the situation. for instance, the german finance minister says my feeling is not much has changed since monday. austria saying that the greek talks look less optimistic than monday. the finnish prime minister saying he would be very positively surprised if they get a greek deal tonight. there's political will for greece, but greece has to respect the e

monsanto reports earnings around 1:00 u.k. time.ing up later on in the day when we return here on countdown with more from our bloomberg-exclusive interview with marine le pen. marine le pen said she would be madame frexit. we will see you on the other side of the break. anna edwards: welcome back. it is 7:16. here are the stories you need to know. the greek prime minister will meet with the head of the ecb imf, and european commission president in brussels today ahead of a separate gathering of euro-area finance ministers. they will discuss the remaining differences over the greek aid package. the telecommunications unit can revive profits. they have a decision by the board that was unanimous. people familiar with it say that the value of the business is around 10 billion euros. acquiring the dell-hayes group. it makes the sixth of biggest retailer in the supermarket industry and is the biggest deal and almost a decade. one of the most outspoken europe p.m. politicians on immigration is marine le pen. -- european politicians on imm

syngenta rejecting monsanto.tempts to address leg regular tore concerns if it can't get global regulatory approval. in turkey national elections, president urdu with n's party lost its majority after 13 years in power. stock there is are selling off and the lyra dropping to a record low. are you going to italy on your list? >> why italy? the turkish lira? >> then i'm talking about italy. just to get confused. things happen. >> there hasn't been an italian lira for six years? >> that's true. it's morning time. >> currency problems on the show. >> let's talk about the economy, economists rethinking their estimates for growth. steve leishman is here with more on that. >> i have no way to compare american pharoa. there is no comparison, swu one is a lumbering sluggering. what do you got? >> there are stockmarkets that aren't triple crown winners. >> why, what happens 87 years ago? >> let's get ken shaw on the case. >> don't you think we should clang thefell spelling of pharoa now? i would change it as a commemoration

monsanto wants to buy syngenta but syngenta not coming to the table. jonathan: we will be keeping a night on rbs throughout the morning -- an eye on rbs throughout the morning. the big story, the rate cuts for both new zealand and south korea for two very different reasons. >> let me get started with the currency. this is where we saw the big swings all morning. the new zealand dollar currently at the lowest level, not seen since august of 2010. let me tell you, this fell even further this morning breaking the $.70 level, falling to $.69 this morning. we are seeing the australian dollar rising, a completely different story. because of the jobs data out of australia coming in much better than expected with the unemployment rate dropping to a one-year low in may. the australian dollar just jumping. it has come down from the gains. if you look at the aussie dollar compared to the kiwi dollar, that is where you are feeling the surge. currently, it is gaining 2.6%. i will not get into the korean won because we did not see much reaction despite the be ok cut

that implies monsanto things coin and soybean prices will continue to drop weird it is significant because dropped quite a bit already. take coin -- take corn. we sought reach a high in mid to late 2012. over the past three years or so, the highest coming late into 2012. a declines ever since. because it has risen, we saw farmers trying to increase its yields. that results in prices the default. folks ares though drawing the conclusion that will continue. you get less money to spend. good stuff. good stuff, julie hyman. now for a look at top stories making headlines, the worst place in the country to leave your car, san francisco. the area had the highest rate of auto theft in the nation last year. 10 cities areop in california. before still be a while self drying cars -- another 15 years. toyota's biggest supplier. -- technology to make probably will not be established until at least 2030. the self driving cars will be in by 2020. by the way -- by the way, there may be a time when you do not need cars. remember this from back to the future? ♪ in moving funff is about to become a reality.

dogle and monsanto did not much for stockholders between april 2014 and 2015. mark: on the flipside, stock of papa john's jumped 29% during that time, even though the ceo was one of the least admired. why the correlation? here with us now, julie bernays and our stocks editor mike reagan. the correlation was something i took a look at. the stock is up, but it seems the ceo poll numbers are down. why? >> there were quite a few out performers on the list as well. a lot of that has to do with the media. if your stock is down, you are not getting a good media attention. difference't make a if employees have stock compensation instead of actual salaries? >> and make sense to me there is no correlation. you think of the type of companies the stock uses. the ceos that pinch every company -- every penny. now making employees happy necessarily. it is kind of not surprising. werexample, google, if you to do a poll of the corporate governance people and it would be, surprising if they were at the top there. so many problems in control of the company and issuing new shares

. >> she was attacked really viciously by monsanto, and she was condemned pretty regularly as a spinster time when she was already in a fairly advanced stage of cancer. >> the u.s. government went into a review of all of her data and months later came out with a report basically backing rachel carson. she dies in 1964 just shortly after with cancer. but if you have to make a hall of fame of people in the environmental movement, rachel carson is the game-changer. she's number one. >> by closing loopholes which permitted pesticides to be sold before they were fully tested, this bill safeguards the health of all americans. i'm sorry the voice of rachel carson is still today. she would have been proud of this bill and this moment. >> there were all of these things that were beginning to affect human health. we had cities in america increasingly having to call smog alerts. we had rivers catching on fire. in the santa barbara oil spill, it became clear that even the very richest cities were going to be exposed to massive environmental threats. >> the drilling continues and so do the leaks. and

we talk about corporations like monsanto and black cindy said who the real criminals are. >> okay. >>-- >> what? >> and then on a softer side we deal with our mothers and we deal with the -- you know just simple things down to how our prisoners are fed in the prison system and black cindy takes that as her own little mission in charge and she's always finding a way around the system. so she finds an interesting way around the system this season that surprises and shocks her in an emotional and real way. >> since you put that way, can i talk to black cindy for a moment? >> oh my goodness. it depends. what are we talking about? >> well -- >> sometimes she does pop up and i have to tuck her back in. >> i want to see if he can bring her out to talk about litchfield. >> for a moment. okay. what do you want to talk about litchfield in what you want to talk about? >> why's everyone in litchfield tripping? >> because we are in prison. for that fact alone. i mean you know what i'm saying? we got to eat, make it happy. we got to keep it popping. we got, you know do our thing. so that's why we t

that puts her at three times the average amounts detected even in farmers who spray according to monsanto which sells the chemical in round up. according a food safety nonprofit, hawaii's seed corn receivers seven more times insecticide man mainland corn does. many are especially dangerous to children. in high winds they drift beyond their intended fields. >> in 2008, at this middle school dozens of people, students and teachers suddenly came down with headaches dizziness, vomiting. ten had to go to the emergency room. there are fields just over the way here that are regularly worked or at least they were at the time. there was spraying going on on that day. >> scott is the president of a national state department of agriculture. >> do you have enough investigators to really figure out what's going on? >> the legislature has given us additional resources for another four positions this year and another four next year. >> eight investigators who in theory would need to be in charge of over 3,000 sites. >> we -- it. >> sounds like a lot of work for a small staff. >> no one in the country in

. >> that's what people were saying about the monsanto one awhile back. would it then have the syngthings they need for the prices. it is still sticking up since then with various other suitors hovering around it. now shares in deutsche telecom are on there. the fourth largest carrier has a market cap of $31 million while dish is 33 million. he could become ceo and charlie would be chairman. >> among just media deals m&a totals up 55% on the year. >> overall is that because there's huge growth available in the world or people are desperate to seek it out artificially. >> i don't know. maybe a little bit of both. anyway roller coaster session for chinese equities which closed at a fresh 7 year high after falling as much as 5% for the session. sri hopefully has an explanation for us. what is going on sri? >> i'll tell you what is going on. get used to the volatility in german bunds. you can apply the same draghi comments to the chinese equity markets and i was saying this last week what we saw around this time 6.5% slide in mainland equities in shanghai and

lis stone that monsanto call yesterday. what's the second biggest, ag awful. what else do they ship? how about things to be able to drill. how is drilling? >> awful, fracking sand awful. >> there aren't enough play pens. they need sandboxes to have a major comeback. >> if times were good with he would be talking about how buffet calls the rails the true sign of american economic activity. >> when you see what williams is doing and the pipe going up that rail business for oil is going to go away from the next five years. >> i am hearing a lot of murmurs about energy deals. i'm not talking pipelines. >> i gave you -- >> i'm talking oil and gas. >> remember i gave you 5 in the 3 hmos. you laughed. >> i didn't laugh. >> you looked askance. >> no, i didn't. >> that's very possible that that could happen. >> what are you going to give me now? >> i am going to give you it is either going to be a marathon mro, which is the exact same price it was when oil was at 43. that's ridiculous. i'll throw out a bp. yes, bp could happen. these stocks are down solo. darko could h

. >>> a monsanto deal could be worth $45 million. >>> if sears reporting a loss it offered fewer discounts. shares are up 20% this year though sears is down 2% today. >>> general mills launching its yoplait yogurt brand in china with three new yogurt lines. general mills shares unchanged. >>> to the american housing market we go. renewed doubts about the strength of the recovery there. banks have lowered interest rates, government has forgiven debt but loans are still going bad. why? what's going on? diana olick knows. >> reporter: hi ty. look, no question we're in a far better place than we were at the height of the foreclosure crisis but some troubling new numbers show just how far we still have to go. of the nearly 1 million borrowers who are 90 or more days past due on their monthly payments but not yet in foreclosure, 62% have already been through some form of home retention program, like a modification. that according to a new report. they are, it seems, beyond help. so when you dig a little deeper into the issue though analysts say part of the trouble is that today's modifications a

the guidance for next quarter also falling below analyst forecast and separately monsanto reiteratingerest in buying syngenta. >>> meanwhile, shares of lennar moving higher today, as well after the company reported better than expected earnings. a 30% jump in earnings. thanks to the continuing recovery, we seem to be experiencing in the housing market right now, kelly. >> in a cnbc exclusive, we are joined by stewart miller. welcome. >> good afternoon. >> good to see you. >> nice to be here. >> since the downturn we've seen a steady comeback what has been slow and steady. normal recoveries would be very vertical in nature. you see the first time home buyer come back in a very strong way. >> in a very strong way? >> in a very strong way, typically. this recovery has been very difficult. it's been slow and steady. and the first time home buyer's been absent. >> still? >> well, we're starting to see the first-time home buyer come back and we've seen that reported by other builders. we're seeing that in our business, as well. but the comeback of the first-time buyer has been slow because

now on view for monsanto's has been approved about a mile before miles to. livermore down to 1 mi..lity still not good but again the fog will lift and high pressure continues to build in. sunshine for today. as of right now a cooler start in the upper 50s across the peninsula. little warmer as temperatures warm up the sun shine even some mid-60's across and locations. cynthia persulfate across the bell tolled befog mid upper 50s from around 60. oakland a's to play today against texas rangers 1235. lunchtime game tempters or '70s. by the time the game wrapped up temperatures plan on sitting up to mid 70's. and also light rays. it will go very comfortable up there at the mitscher's will also be felt comfortable across east short line. the upper '70's in store for hayward. san francisco 78 across. parse the no. 8 mitty is. cities across the south bay as well. and warm spot east bay opera ladies around 90 degrees. our system trecker 70 forecast like hot weather we are wont to do it again tomorrow. upper 90s to run around 100 degrees for some areas and. the big west in the milder side lo

ailing economy would be right to work stations sponsored by major corporations like dow, dupont monsanto, i don't know, etc. host: why do you think that is the most important or news item to you? caller: what it would use the state would buy the land to put something about as big as a rest stop area and they would be right to work stations instead of paying 18% or 17% corporate taxes, they could cut that back to about 8%. and these companies would sponsor these stations for these people to come to work at, the mentally ill, ex cons aliens single parents, the unemployed. all these people can just come at the drop of a dime. they could give them their social security card if they have it, their green card, or whatever and set up some gardens on either side, set up some tepees for overnight stays. they could make seven dollars to $10 an hour, depending on their skill level for their wages. they would get paid by the hour. they can work an hour and leave. they don't have to come at all if they don't want to. they could work to her three hours, overnight whatever, and they may just be passing

. >> syngenta has rejected takeover offers from monsanto but the ceo of man san toe says he considersits stocks seven for one. >> netflix announcing the stock split in order to make sures which have thrown nearly 900% in the last three years more accessible to employees participanting in a stock options program. the stock is up about 37% in apple since its split. that depends on whether netflix can continue giving on the same three netflix that drove the stocks outperformance in recent years. one, consistent subscription growth. and fast overseas expansion. in three is the ongoing critical and consumer response to the original exclusive content. the cost of netflix is accelerated international expansion as well as the originals does mean higher spending while overseas results are being squeezed for the stronger dollar. now that hbo and show time are offering director services similar, we'll have to see if they subscribe to a range of services as they do with cable channels or if these rivals start to eat into netflix's growth. >> we're still trying to understand all of this. your sens

if i don't want monsanto sprayed on my crops and i want organic, like vermont has voted you are giving away our sovereignty -- all of you congressmen are giving away america to these new corporate governments -- i guess it is -- you are not elected by us. i would appreciate you commenting on our sovereignty. guest: i appreciate the question and i hope things are well in vermont this morning. you touched on a couple of different areas and you mentioned the epa and the fda and other entities. many of us are very frustrated in the amount of regulations and the weight of those regulations that are coming out. i am a voice for my constituents on these issues. your representative does not get a chance to weigh in on these. these come down upon average americans like a ton of bricks. one of the counties that i represent in kansas city, they are facing an epa regulation that will increase the cost of their electricity by over $250 million over the next couple years. that is a 20% rate hit for every family in that district. if that is not a hidden tax if that is not giving up the freedom of tho

if i don't want monsanto sprayed on my crops and i want organic, like vermont has voted you are giving away our sovereignty -- all of you congressmen are giving away america to these new corporate governments -- i guess it is -- you are not elected by us. i would appreciate you commenting on our sovereignty. guest: i appreciate the question and i hope things are well in vermont this morning. you touched on a couple of different areas and you mentioned the epa and the fda and other entities. many of us are very frustrated in the amount of regulations and the weight of those regulations that are coming out. i am a voice for my constituents on these issues. your representative does not get a chance to weigh in on these. these come down upon average americans like a ton of bricks. one of the counties that i represent in kansas city, they are facing an epa regulation that will increase the cost of their electricity by over $250 million over the next couple years. that is a 20% rate hit for every family in that district. if that is not a hidden tax if that is not giving up the freedom of tho