here is peter schiff. president of europacific capital. owner of an apartment in puerto rico. headquarter offices in puerto rico. are you comfort thereby with all this debt hanging over you. >> i didn't buy any the debt. i'm not that dumb. i bought real estate which has gone up in value. i have an office there too. my asset management company moved to san juan a year-and-a-half ago from newport beach, california. where i have 50% effective tax rate. now i have 4% effective tax rate. i think that was a smart move. i didn't buy any bonds nor recommend to any of my clients buy port reek con bonds. adam: let's talk about the bonds. a lot of people in the united states don't know their retirement investments or mutual funds hold puerto rican debt. puerto rico make the geobond payment but they run out of money in mid-july. they can't continue to make their payments, they made it very clear. if err facing default, and the answer is obviously yes, what happens to the millions of retirees that don't even know they're exposed? >> we're certainly facing default. i've been advocating defa

adam: what about peter schiff? he says crisis in our own backyard is a greater tragedy than greece. puerto rico, a tiny island with a huge debt owes more than one billion dollars to u.s. investors tomorrow but making no promises to pay. cheryl: exactly. there are now 10 spots in the upcoming gop debate. there are 14 candidates. chris christie officially in the race today but may be over before it begins if he doesn't work new jersey magic in new hampshire. adam: millions of americans celebrate the nation's independence this july 4th but law enforcement will be working overtime. the fbi especially to try to prevent a terrorist attack. a new warning from the fbi all about it. let's look where the major averages are going to end the day with less than 40 seconds in the trading session. there is breaking news coming out of greece perhaps this referendum actually may not take place. we have watched the dow up and down all day. then in the last hour starting to make another rally to go higher. dow up 45 points. s&p up seven points. nasdaq up 33 points. year-to-date russell is still in pos

. >> gold, the fed, the economy, we're go to be talking about it all on the online show, with peter schiff online show. >>> when something unusual happens one of the najarians finds it. >> we're looking at activity, it's been pinpoint on hit care and financials. we're back to health care today. if you take a look at the chart of this stock. cardinal health, 10% yield to date. it's on a nice run. you look over the last ten years, extremely aggressive buyers coming in. says that company that's had recent acquisitions, scott. billions of dollars spent. the june calls expire friday. huge buying, over 8,000 first 90 minutes of the trade sessions today. started at 30 cents. moved all the way up to 50, 55 cents. something to keep an eye on as the stock pushes close to $90 a share. >> only options for you? >> only options, scott. i like this name. i feel like it's the top of the range. every once in a while, if you get a new high, 10% higher is where they like to go. >> coming up, two baseball teams used to fighting it out soon th field now believed to taking their battles to cyberspace. >>> plus,

peter king and from california, adam schiff, the top democrat on the house intelligence committee. je gentlemen, i want to take you back to what president obama said about hacking in february. here he is. >> the wiber world is sort of the wild, wild west and to some degree we're asked to be the sheriff. >> but three months before that the inspector general at opm, warned that agency's computer system was a hacker's dream which raises the question, congressman king, did president obama fail to safeguard his own administration? >> we have to get a fuel report. i don't to want prejudge this but obviously something went wrong. this is a threat we have to face and we have to do more than we're doing right now. congress passed two bills. the house passed two bills in recent months, which would begin to address some cyber security issues but more has to be done. i think we have to find a way to make effective use of all our intelligence and surveillance apparatus even if that involves the nsa and others. we're talking about nation states here. whether it turns out to be china or not, it's

he'll talk with two congressmen new york republican peter king and california democrat adam schiff. >r department reports employersheadded 280,000 jobs in may but the unemployment rate actually rose, 5.5%, up slightly. hundreds of thousands more people started looking for jobs last month. economist says last month's strong jobs report shows employers remained confident to keep hiring even though the economy shrank during the first three moves of the year. peater barnes is live in washington. some good news but critics say wages are still lagging here. >> reporter: for me month wages took a healthy pop up .03 to 24.96 an hour, but over the last year wage growth has been bouncing up and down month to month, keepingsing it on the historically low side. but the white house says at least inflation at least inflation has been lower thanks to lower oil prices. >> over the last year nominal wages up 2.3%, which is a faster than inflation because the falling price of gasoline has really lowered the inflation rate. so it does put consumers in a better position to spend. >> but the employment po

we are going to be talking to peter king, your congressman from long island and adam schiff, top democratthe house intelligence, both of them very concerned about this. and we will talk to them about what needs to be done. and we will talk to one of the 275 republicans running for president this year. rick santorum. and we will talk to him about this question of income inequality. >> see if he is buying into this thing. it really have a giant ruiz. chris wallace everybody. organization telling teachers to treat minority students differently. now scrubbing its web site after a factor investigation. we'll have the latest on an explosive story. and later, charles krauthammer's greatest hits on the factor. upcoming. feel secure in your dentures... feel free to be yourself all day. just switch from denture paste to sea-bond denture adhesive seals. holds stronger than the leading paste all day... without the ooze. feel secure. be yourself. with stronger, clean sea-bond. the beast was as long as the boat. for seven hours, we did battle. until i said... you will not beat... meeeeee!!! greg. what

we are going to be talking to peter king, your congressman from long island and adam schiff, top democratthe house intelligence, both of them very concerned about this. and we will talk to them about what needs to be done. and we will talk to one of the 275 republicans running for president this year. rick santorum. and we will talk to him about this question of income inequality. >> see if he is buying into this thing. it really have a giant ruiz. chris wallace everybody. organization telling teachers to treat minority students differently. now scrubbing its web site after a factor investigation. we'll have the latest on an explosive story. and later, charles krauthammer's greatest hits on the factor. upcoming. oh! here, have some of ours. oh! hebrew national. a hot dog you can trust. the real question that needs to be asked is "what is it that we can do that is impactful?" what the cloud enables is computing to empower cancer researchers. it used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. whatever i can do to help compute a c