Cost is going to federal government taxes and fees that are imposed upon the consumer. They should turn the witchhunt back around on them. Would they rather an industry that has half empty seats or half empty planes that loses millions of dollars, or would they rather an industry that instead has full planes and is turning a profit that is able to then reinvest money into the economy that provides good middleclass jobs . Because thats what the airlines are doing right now. And the only reason these are so high are because of the federal government taxes that are imposed upon, you know the airlines here and they have to absorb that cost somehow. John is this really going to make the flying experience any better . Is it going to improve our lives any more . No and i dont understand why theyre doing this. Its hard to fathom how wrong the government is in this. Senator blumenthal, who lied about his military record has also come out and said air fares are skyhigh. Hes completely wrong on that. If you go to 2014, the last year that weve had full year to measure, air fares are down 13 adjusted to inflation. Meanwhile, Oil Prices Went from 29 a barrel in 2000 to 99 a barrel in 2014. Air fares are down a further 4 this year. If theyre colluding to have extra capacity and have air fares go down its the worst collusion in history. Look i own airline stocks. I wish they were colluding and they were driving up prices and i wish they were taking away capacity. Theyre not. Theyre running a terrible airline and this is an absolute witchhunt. The government approved four megamergers and now the governments worried about there being too few airlines. Chuck, to you. What do you say . Im glad theyre stepping in for the working class getting on airplanes every day and getting shoved in the sardine box, have to pay for your chips and coke. They made 3. 5 billion in the First Quarter this year. Cry me a river. Then they all get together and say lets make sure we keep this so competitive we could keep prices going up as oil went down as the markets are sliding more. A shame they would do this to the american flying public. Gary b. We know one thing, when airlines were heavily regulated before deregulation when the government controlled them it was too expensive for the little guy, the working guy to fly. Exactly. I like chuck, always the working guy, has that southern accent. Nobody ever worked with a working guy north of the mason dixon. Chuck should be railing against starbucks, i guess, too, because the working guy cant go in there and buy a cup of joe for a quarter anymore. Too expensive as well. 7eleven has good coffee. Heres the thing, chuck advocates or implies that government should step in to protect the working public. Let me tell you, back in 1974 when the Airline Industry was heavily regulated, it was illegal, illegal to fly from new york to los angeles for less than 1,440. I looked up before i came to the show now you can fly new york to l. A. X. For 250. If chuck wants the working class out there to benefit, youve got to look at history and say, hmm, did they benefit more when government was involved or when governments not involved . You cant argue against that. First of all, we dont like taxes and that doesnt prove or disprove collusion. The fact that collusion is illegal,wy we might not like it but thats the way it is. You can go to google flight search right now and prove collusion in five minutes. Right now to fly from laguardia to charlotte is 931 for next friday. That is a 280mile direct flight. Delta and american the exact same price to the dollar. You can fly delta to milan from jfk next friday for 1,163. Thats 15 times the miles for 25 more money. Does that make sense . You dont think thats a soft collusion . Lets keep the same price and not lower it. I wont, wink wink lower my price unless you dont. Thats going on. An l. A. X. Route which you bought you cant eve thats why its cheap. Jonas, by your argument when you go to safeway and pay x dollars for a dozen bananas and go across the street to kroger and pay the same price, you would say kroger and safeway must be colluding. No. Thats just the market forces. No because the bananas are 99 cents a pound and safeway charged 10. 99 a pound and so did the place across the street but if you could go to a supermarket two hours away and they were 80 cents a pound, you would say thats a little fishy. Thats whats going on in certain routes where theres not enough Airlines Serving the same direct route. You can do tests online with pricing. Broadly speaking, what has gone on, the airlines are thinking are still adding capacity theyre still adding seats. But theyre concerned about their businesses right now, and the government doesnt like it. Rightfully so. They should be concerned. The government is knocking on the door looking to rip it away from them like everything else. Small Business Owners in america fear the federal government and the bureaucracy it throws to them. Thats the whole point here. Theyre adding capacity. Theyre the ones who have to go to the federal government to get mergers approved and they open cases and never close them. It seems like this is the flavor of the week for the department of justice, and that is honestly going to end up hurting the consumers more. Not only that but airlines have been extremely transparent and have even fought for i believe its the transparent air fare act which actually shows how much of your dollar is going to taxes when you purchase an airline ticket. Guess what . Less than 3 . Its probably closer to 2 are actually going to the actual airline when you purchase a ticket. My bags and my cocacola should be free. I aint paying extra for that. Thats what im saying. Then you can drive, chuck. You can drive yourself. You should see how big my truck is. Its easier for me to fly a plane. Chuck, you have to separate making money legitimate from colluding. Apple charges more for pcs when you compare theyre cooler looking and people want to pay more. Thats not colluding. Thats a better business. When you have the same crummy little threeseater planea 280mile route at the same price going to milan in a wide body, thats collusion because they have less competition on that route. Its not one airline going there. They locked it up and they can charge what they want. Thats but the government allowed the consolidation. How do you explain why thats the pricing . Its not collusion. What is it . If you look at take your banana example, if you have a store across the street that also sells produce, you have to match your prices like gary b. Says if you want to sell those bananas. But if you are the only one in america that has the right to sell bananas you can price it 15 times what you normally would. That is called a free market. You dont have a right to fly. Its not like liberty and the pursuit of frequent flier miles. This isnt mass transit. Why wouldnt one of the two airlines get back to collusion. Why would one of the airlines not drop the price from 931 because of it . All of the planes are full. Thats whats making the industry healthy. Another story. They fly one plane a day to this route because they can keep the prices until another Airline Comes in there and theres a third, then they cant do it. You would rather one person at a time. Listen, a company can charge more than another for a better product not because theres no competition. Thats another story. Its even worse when theres two competitors locking prices together. Thats collusion. Let me ask you gary b. This question. If the government gets involved in looking into this alleged soft collusion that jonas is talking about, is that really going to improve the experience and make the world of flying better for anybody . Dagen, theres two answers. The answer to number one is yes, jonas has had too much coffee before doing the show. And, two, the other answer is no when has the government got involved in any industry where they made it better . They basically ruined health care. Can you honestly say health care now is better because of government than it was years ago . No. If we had a free market in health care for crying out loud wed see lower prices across the board like we do in plastic surgery, where governments not involved. When government gets involved it screws things up. Theyre going to screw up the Airline Industry the more they step in just like they did 50 years ago when prices were skyhigh and you couldnt afford to fly. Thank you, gary b. Final word one more thing, gary at least you dont have to go home with that guy. I do. Good point. I hope he instruments you as much. Thanks guys. Cavuto on business is about 20 minute ace way. Charles is in for neil. Whats going on . A day for celebration, now also a day of caution. Authorities across the country scouring the web to track terror threats, and wants social Media Companies to help them do more. Should they . Hitting the road this weekend . Get ready for new gas taxes. And where are those extra dollars going . See you soon. Thanks charles. We cant wait. Up here first, we just saw a dramatic drop in the number of people in the workforce. Now the president s mandating more overtime pay. But will more job seekers pa a mixed jobs report in june where more jobs were created but 432,000 americans dropped out of the workforce. The president is pushing new rules to expand overtime pay. He says it will boost americas wages. But gary b. Says get ready for job losses. Dagen, i just scratch my head at the lack of knowledge of how businesses run and basic economics. Would someone please from the press ask president obama where he thinks this smun going to come from . I guess hes assuming byes will take less profits, and maybe thats true but say they do. Then if they take if they keep everyone that they have hired and they take less profits, thats called retained earnings. Then they have less money to put into Business Expansion. What do you do in Business Expansion . You hire more people. And if you cant expand you cant hire more people. But what most Business Owners will do is say i got to cut back i cant afford these people. Im paying them too much. Thats whats going to happen. Thats just basic common business sense and something this administration is clueless about. John they will go out and hire somebody for a lower salary period. If they have to work them overtime rather than pay them existing salary plus time and a half they will hire somebody at lower pay. Yeah and thats exactly what businesses are going to do. What gary b. And what youre talking about, dagen, theyll hire parttime workers so they dont have to pay overtime. This takes away flexibility with things like restaurant you have to rush stay over for an extra hour that kills that because theyll bring in somebody parttime to deal with that. What bothers me with this administration and this particularly is middleclass jobs have been lost. Theyve been lost before president obama, going back to about 2000 since manufacturing really left the country in wave but they continued unabated under president obama. The middle class has been stloit destroyed. He doesnt have a plan because congress cant get along with him or themselves to do anything to create jobs out there. So all hes going to say is those people that are out there that have jobs im going to mandate it for you to get paid more. Thats not a way to help the economy. How does this help except through redistribution . Depends okay youre not going to fix income inequality or outsourcing through tinkering with the wage laws or anything of that matter. That said, its sort of like what japan does. When you mandate a high overtime pay, pretend its 1,000 an hour for anybody working over 40 hours. Obviously no one will get an hour of work after 40 hours so your extra overtime pay is going to hire another person to do the job you would have done. It is a less Flexible Workforce in japan but they have 3 unemployment most of the time. If you want to drive the Unemployment Rate artificially lower, which doesnt mean its a better economy but can you get reelect then yes, make overtime expensive. If you want a dynamic workforce where you can use labor 60 hours or 30 hour dont do it. Ashley he just hit on it, to paraphrase the wall street journal, this is a keep the democrats in office plan and nothing more. This is a political play at best. Were going to help the middle clas. This does nothing but hurt the very people that they claim theyre trying to help. This will lose jobs in the long run. Were going to see businesses that are going to cut back their hours and cut back their staff because they cant afford to comply with this. They cant absorb the cost. I wish this president would understand that and realize that he is going to cut millions of americans jobs in the long run and in the future of this economy because Small Businesses wont be opening, there wont be people willing to take risks and try to what extent pand our economy at all because theyre going to be too afraid of the red tape and bureaucracy that follows it. This is on top of changing the workweek through obamacare from 40 to 30 hours and basically giving businesses an incentive to cut peoples hours. Heres a shocker for you. Its going to be a boost to the economy. When you give poor folks more money, guess what they do . They spend that money. And guess what where is the money coming from chuck . They spend money now. Where is it coming from chuck . Thats where is it coming from . Pay workers enough to be able to buy their own car, right . Providing over 40 hours a week. If you cant guess what, theyll hire more people. Thats why weve created 7. 2 million jobs in our administration. The truth hurts sometimes. Still the loes percentage nobody three times. I get the final word. Gay marriage is legal. Ill cut your mike off. You know what . You know why theyre doing it . No increase in takehome pay in the last six years. So if we cant raise your wages through Economic Growth well just hand the money to you. Thank you, guys. Cahin in is just over an hour from now. Eric what do you have coming up . Hi dagen. America is on higher the or the alert this independence day. But how independent are we really if we always have to worry about isis . Plus the donald getting dissed by nbc, univision, and macys. What does this say about politics in business . We debate you decide. See you at 11 30. Thanks, eric. We will be watching. Up here first, why ma whats happening over there could actually help us get to greece and a big fat greek mess ahead of tomorrows big bailout vote. People have been lining up at atms all week. Most banks remain closed. Pensioners scrambling to get their cash. And if you dont think these dramatic scenes can happen here john you say think again, right . Absolutely. Look at whats going on with puerto rico and with chicago and in illinois. We dont have a politician with a backbone in washington, d. C. Under president bush the debt almost doubled. Under president obama it will almost double again. This is bipartisan. These guys are reckless. Nobody is going to stand up unless we get somebody new. Ashley, this is our future right . Yes. Greece has one of the highest youth Unemployment Rates. So does the united states. If we dont get our house in order and cut Government Programs i fear were headed off the cliff as well. Chuck, what do you say . I would agree with john none of the politicians in washington, d. C. Want to take this on. They want to make sure their districts are taken care of and keep the money. Theres enough blame to go arnold but there needs to be blame on both sides. I wont cut your mike promise. Gary b. . We are greece. The debt as a percentage of gdp, were exactly where greece was 25 years ago. Where will we be in 25 years . Exactly where greece is now. If we dont do something, well be racing to the atm to get our 64 out. Jonas . I agree with nobody. The only time this happens is when banks make stupid investments with their money. As far as the debt this government saved 200 million for every 100 billion in debt on monday after they started lining up for those atms because it makes our debt look good compared to thats losers and that makes our borrowing costs lower which lowers our debt which is a good thing for us. Thank you, jonas. That encourages us to borrow even more. Yay. Thank you to ashley and chuck for joining us. Happy fourth of july guys and gals. As you fire up those grills for your barbecue were holding these guys feet to the fire. Weve got their best and worst calls for the first half of the year including the name already serving up a 50 gain and it could get even hotter in the second half. Im neil cavuto and im a proud american because i get to say anything i want about anyone i want. And all thanks to the sacrifices of those who have done much heavier lifting than me. So im free to read a prompter and praise them for all theyve done for us. The most fair and balanced way to make money on tv. Our best and worst calls and how you can still profit at the halfyear scoreboard. We do the bad and the good on bullsbulls bears. Jonas, youre up first. You said eat up profits with whole foods. Nothing healthy about a 24 decline since march. You want to return to this pick . No because until my skills are better get out for the year. John, in may you said Green Mountain would do great. Down 26 . Can they get a second wind . I dont think so. They had a pr disaster. Buy the coffee not the stock. For the worst call so far in 2015 gary b. You said tweet profits with twitter. Fail. Down 29 since march. Does it still have a chance to retweet profits . I dont like it. Went you, yourself, stop using something or use it less sell. I use twitter actually less than i used to. I would sell it. That makes me sad you not being on twitter. Now on to the best calls. John youll kick things off ahead of the super bowl you said the patriots and Boston Scientific would both be champs. You were right on both. Bsx up 19 . You going long . I love the super bowl i love Boston Scientific but i wouldnt buy any more here. Two, gary b. , the gift that keeps on give netflix delivering a 39 gain since february. Time to buy more . Absolutely. Its the flip of twitter. Im using it more. Breaking bad, daredevil, house of cards. Keep buying. The numberone call in 2015 jonas, you said the skinny on fat making a comeback would have Cal Maine Foods plumping up with profits and it did, up 44 . Time to chow down on more . To garys point, im drinking more raw eggs than rocky. I think this stock has another dozen percent left in it so hang on a little longer for the ride. Thank you, gentlemen. You are only going to get that fair and balanced pat on the back right here and a kick in the butt too on bulls bears. Cavuto on business starts right now. Happy fourth of july. Celebrating our freedom and staying on higher alert against terrorists looking to attack it. Hello, everyone. Im in for neil cavuto. On this july 4th heres another number for you 100,000. Thats how many pieces of terror poewes are being made each day. Authorities doing their best to track them and take these suspects down. But they say they need social Media Companies to step up. Are they right or wrong . Charlie gasparino, Scott Martin Adam and lisa Dagen Mcdowell and ben stein will be back next week. Social media, whats their role in helping us defeat the terrorists . Look, i think they should get in