Health care costs to rise, and 65 of individuals the same thing, and hours cut because of the law. Jimmy runs jims restaurant, said it could cost more than a million bucks, and jimmy,s there are a million is a lot of money, why such a big hit . You take those, you look at those employee that are currently on your insurance pl plan2. Weve offered it, then, were doing our surveys to find out if if they are going to be included in that, i think all in all, it will be a very heavy ticket for all of the people in the retail business, particular restaurant operators. We still dont know if it is september or october when the Insurance Companies come out say this is what your coverage will cost you next year. Jimmy, i read, you said this is going to be an operational nightmare, sounds like you will have to hire more lawyers and accountants, a Million Dollars may below bawling it . This is a operational night nightmare we have a lot of longterm employees like the restaurants do, they employee a heck of a lot of people. And so it is a nightmare not only for guys like me, but for companies who are trying to figure out how to do it the small mom and pop operations, those witt 50 or more employees could be devastated by this impact. Im not sure that the president is talking about that it is cheaper, the truth is none of us know at this point until september, what our actual costs are going to be from our insurance carriers. Charles johh, jimmy,s restaurant has been around since 1947, you are a serial entrepreneur, you create a new job or business almost every other week, how does this impact you . You will figure out a way to hire people under that 30 hour minnmum. That is not something i will do, but you will see a lot of Small Business guys do it, we were on with a guy who owns several dennys chains, and said if i have to have obamacare for all of my employees that is all my profit for that restaurant, he will have to scale them back below 30 hours, make them part time, he doesnt to do that. But that is the only way he can stay in business, this is real life this was not thought through very well, this was not health care reform, this was insurance reform. Charles should they use a delay to fix it or start from scratch . Charles, start from scratch, how do you have a game plan, and before the game starts you say it doesnt work we have to fix it. This is insane. Charles it really is. Jim we wish you the best, i got to get to san antonio, john well see you soon. Thank you, charls. Thank you. Charles my next guest sponsoring a bill that delays individual health care mandate, the house passed it yet, todd young from indiana wants to give individuals the same break that businesses got, it just made sense to me, if you get businesses even small ma and pa businesses a break what about the rest of us . That is right your previous guest spoke to the challenges that businesses are facing. The president listens to business, though i question the legality of how he went about delaying the implementation of the employer tax, it is fair you offer relief to individual americans, rankandfile workers, the same relief you provide employers, that is what our bill does. I think it will help alleviate from of the pain that the Obama Administration figures out that in the end, the super structure of this sledge laying is flawed. Charles although, make an assumption that it will go through the senate and everywhere else, though . Well, you know, that, of course, is out of our hands. But were making the argument. And president went ahead and provided relief to employers, as a matter of fairness we think same relief should be offered to individuals. This really a question of fairness, president has been cherry picking data. In indiana our department of insurance pr projects costs wilo up 72 on hard working hoosiers as a result of this act. Charles representative young, i was struck by the numbers, 22 democrats sided with you on individual side, 35 agree employers should get a break, we heard from a whole spat of unions, including the teamsters do you feel like a Bipartisan Coalition is coming together, maybe just a general epiphany . You are right, have you teamsters union, food service unions, have you all manner of othhr people who are unhappy with the Affordable Care act, one third of American Family indicate this bill is already harming them. You know in the end, politicians tend to listen to their electorate i hope that democrats will come together with republicans, and my hope is that for full repeal and replace the bill with something that controls heat health care costs. In interim we need to provide same relief to individuals as employees. I have to ask. Budget for this thing, i think there is 8 to 10 billion earmarked for finds from employers, i assume a larger number for finds against individuals. How did they they for the plan, the law they will employment without those resources . That is something against, this is at whole way that bill was put together, not in transparent way, and a hurried fashion, they have not thought through the contingencies, they will have to consider to make the numbers work. I dont believe they can make the numbers work. I believe they will come back to taxpayers or continue to borrow money for next generation. Charles right. Bingo, that is it. Were talking higher taxes or penalties or borrowing money from china, that is right. That is why were glad you did what you did in fighting this. Thank you. Charles all right coming up, why democrats want to spend a billion dollars, no actually billions of dollars, to lasso asteroids, you know spending has gone wild when washington is turning to the wild wild west meets the twilight zone. Do you think that tea partiers are mad about getting targeted by the irs, meet the congressman who is getting madder. Madder. That was the defense. That my client is too dumb to have committed this crime. Hellet me tell you, sat where two witnesses sit today weeks ago, and these two witnesses put on a uniform, and fought and defended this country and the constitution, so she could hide behind the constitution, and evoke her fifth amendment ride buright but only after she blamd ed them. Charles on capitol hill today, congressman, we love it when you get fiery like that and press the issue. Do you think anything was resolved . You know, in fairness, we didnt get as much out of this hearing as we probably did schulman and lerner in an interesting way. But charles, all witnesses are not exciting and sexy. Some just move the ball a little bit. But what these two witnesses defense important that puts a nail in the narrative that this was an ohio sent rick scandal this has dc fingerprints all over it. And exposed latest ill hitsratioill litraising of the. Talk about moving ball a little bit slower, i dont know, do you have is there enough time to keep this thing going . To keep it in the public eye . To keep the heetz on . I know there was a piece yesterday from darrell issa admitted there was no proof yet about outside involvement. In other words outside of thepyons on the lowest level someone high up. Depends on your definition of high up, the chief council involved. One of two political appointees if the trail of evidence takes you to his office, that is significant, lois lerner is high up, miss ingram hall is high up. Charles would you consider cutting a deal with someone involved, some sort of immunity to get everything out to get all of the cards on the table, from i understand you can force immunity on one of those names. You can go that route, but you cant make someone talk. You can put them in jail for not, or offer them a jail to get them to but you cant make them talk. The other issue is if lois lerner told you something, would you believe it . I would like corroborating evidence, i want emails or textmessages or memos. I am willing to sit down with anyone who has first han hand knowledge about this, but i am not buying a used car over the telephone. Charles as long as you are central to this it is not going away we appreciate your efforts. Thank you. Charles from irs scandal to nsa scandal. Major Tech Companies are still blasting the government for snooping, they urge senate to stop the nonsense. Social media website read it also joining the fight. I saw this even you had, you attended where all of Internet Companies gotting it, and restored a 4th of july rally, in all different cities. I had not realized smaller names, you are growing but smaller names, are pushing this upushing back against this nsa thing . Yeah it is the users of our site and restore the move. And got built up but i attended rallies in new york there were all different people, people from occupy crowd, people fromtary tappe tea party crowd. Charles a prettyic lessiv ecle . Yes, people who were protesting since the 60s, and people who this was their first protest. Charles whoever is orchestratinn the nsa, and fix it in. It is getting people out of their houses, and to streets, and people who have not been active politically before, i think that says a lot. Charles were you shocked when this was revealed what was going on . Were you you know i mean, you are a politicalminded person . I googled you, i saw you as one of the hippest dudes but not politics. Maybe by accident as a person working in a small Internet Company i have had to became aware of different acronyms and laws. And 4 amendment, you know were trying to run a business but, sites like read it and google and facebook are being put in middle between balancing the interest of Law Enforcement and government, and interest of privacy and private citizens, we try to do our best to balance it. Charles where do you want to see it go . More transparency, as a business person we want to be able to ensureeour users and customers were being transparent about information. Charles what about clarity of the law, we had the patriot act. I think that even you know Law Enforcement people want more clarity, it is still unclear if you need warns for email warrants for emails or gps data. Before we have any technology this is a patchwork of different confusing laws, we need u uptodate it. Charles you talk about the crowd, do you think this seems like an electionic crowd eclectic crowd. I think that generation has lost their faith in a big organized Group Whether it is religion or the gooernment. Charles they have been corrupt . I dont know. Or a combination . We have so much information floating around people can any information at ther touch of their fingertips, it could be a Third Party Movement or a new way to be engaged. Charles i appreciate what you did and putting on a suit and tie for me. Doesnt happen often. Charles thank you. President reagan dealt with high crime, high unemployment. But he got the economy booming, meet the guy who says that president obama is a bust by comparison. Charles breaking news, detroit goes bust, now biggest u. S. City in history to declare bankruptcy, economy there crumbling and crime rate rising, nationwide president obama still, facing falling crime rates the opposite of what president reagan dealt with in 80s, that economy boomed. The real crime is president obamas handling of this economy said deedee. The fact he is doing the opposite as president rig reagan you get opposite result that is failure. What is going on . The biggest city in country is filing bankruptcy, what would have thought that. Obama is doing opposite things, so failure. Charles rick, people talk about this worse recession since great depression, a narrative that democrats have put through. If you add element of crimes, you remember the 70s. Im the only one who does. Charles there were more murders when he came into office than when obama came in to office, with that backdrop, why has he not been able to do anything with the economy. An interesting theory there is a connection, do you know who showed there was no connection between crime and the economy, uber conservative hair think Heritage Foundation did a study. Charles do you remember this in the 70s. People are afraid to come out of the house, i i dont know care what kind of Economy Policy you have. They were not afraid. Charles they were. You cant make this up, i was shopping, no one stayed in their house because of crime. Charles go back check your diary. Im in shock. I am in shock that detroit went bankrupt. You dont look like you were in shock. Stimulus in 2009 was to shore up local and state government. What happened . Detroit is bankrupt because the American People were forced to invest a trillion in all of the state and local governments that all that did was allow them to postpone tough decisions, they have not reformed their pension program, they have not reform their government. And that is why were suffering, because point is well taken. Money, rick, money, gobs of money thrown at this stuff this is the example of liberalism coming to ultimate demise. It should be a snapshot of america if we do we dont changr way. Do you know where i was walking in the late 70s . In detroit. In your leisure suit. You are right. If you go to detroit you look at how line of exodus, mass exodus out of the city into the suburb. Charles why . It was crime. Charles but, no not only did ce drive them out but they kept spending money they done have giving the lavish pensions they could not afford. Unions ruled day there. And they had all of the entitlements. That is what happened. Run a muck. And but it is sad because you have these pensions, you have all this debt, and now they just take them down they cant survive. Charles carlos, moodys downgraded detroit and chicago, the writing ised on the wall. They are not going to hold record as biggest u. S. City long. Guess who you feel the pain . Young workers. They will be laid off so the governments can now emerge from bankruptcy. And that is the problem rather than address our structural problem, reforming our government, what the stimulus plan defense say, here, the American People are going to invest more in this failed system, and that is why a lot of the wons a lot wounds a lot of economic rounds are self inflectioneed. By this administration. Who is biggest employer of Young Workers in detroit . Do you know. Charles that is not the point. It is the point. Charles the point here is the thing. Car companies. Charles you have the failed economy systems, if failure it goes everywhere. Is new york bankrupt . Charles 47 of adult in detroit are function alley illiterate. It goes to redistribution of wealth, and accountability, you are creating a ticking time bomb it went off in detroit. Would you imagine that ill literacy began when president obama was elected president. Charles no buttery has adopted the same policies. It has been bankrupt. What a terrible news story. What does that have to do all of the Rudy Giuliani we had a law in order mayor, thing when did he come along. And whether did he come along. No one wants to live there. Sorry, when did giuliani be am mayor. Fire years after Ronald Reagan lift office that is my point. Thank you Ronald Reagan, and giuliani. Right now tonight, i would say liberals really have to do soul searching, at when happened in detroit is going to happen in california, by the way it could happen in new york and new jersey. And chicago look at chicago. You are per snickety tonight, rick. Charles when you dont have the answers that is what happened. Leisure suit next time. Charles particular fight for sesupremacy duking it out. And farmer apple boss and former apple boss and why many are saying his former company is down for the coup. I want to make things more secure. [ whirring ] [ dog barks ] i nt to treat mo dogs. Our Business Needs more cases. [ male announcer ] whereo you want to take your business . I need help selling art. [ male announcer ] from broadband to web hosting to mobile apps, Small Business solutions from at t have the security you need to get you there. Call u we can show you how at t solutions can help you do what you do. Even better. Charles google and microsoft getting smoked in the after market. And apple playing catch up, google and microsoft posting disappointing earnings after the bell. Former apple ceo, Joe A Gil Amelio on whether apple is down efficient th down for the coud more wall street says they are down for the count. First of all thank you for having me on charles. I am not quite so negative about that. I think if you look at where the world is going, were moving in to a world of connected devices. All sorts of appliances attached to network somewhere, and apple remains the king of connected devices. The rise of the ipad led to the fall of the pc market that we have seasonal most coincident with the ipad. So, and i know apple has more things coming out. I think it as iphones continue to be strong, and market leader, i think they will do better than what the other crowd is saying. Charles really . The feeling that it was musthave product that you know, you have to go out and get it, you had to pay a premium that part feels like it is fading, gil . Well, yeah, but apple has responded by moving into a lower price iphone. That is as that is my point, though. Before they have Pricing Power they charged 600 for a home, when everyone else was charging 30. That always goes away. The fact of matter is once they get people on platform, even if they come in on a lower cost in beginning they want to upscale later on, i think this is the right strategy for apple. But last time we wering it we talked about was what is next big thing from apple. We dont know yetz. Buyet, it will beimportant, give today i think they will manage their existing business pretty well. But at the end of the day they need to keep wonderful things coming out. Charles talk about this for a moment. You say that they go from hyper Growth Company to one that just sort of generates a lot of cash then as a moment of truth, where the new product have to come out either be reignite the engag enf growth or continue to be a cash machine, that is fine for the company but that does not help the stock. I would agree with that. I would say, that following though, i dont think apple is down for the count as you said earlier. I think they have got some exciting things in development, i think well hear more about those as the year goes by, i think their next iphone generation will be actually quite successful, and do quite well. I dont see that market letting up despite the fact they dont have as much Pricing Power as they used to. They are not giving that much even to samsung. You agree that smartphone space in general is a little bit saturated if you will, it is hard to get people to switch, a better camera here and better resolution there is not going to to move the needle. Except for the people who dont already have one. Real name of the game is, yes you want the early adopters to continue to be early adopters. But, what it is, is this has to be a mass market. You have to get the lower and middle and lower income people to come aboard. The truth of matter is rise of social networking. With the rise of book electronic books, and so forth, there is more and more things that are being attached, and apple seems to be in general the one that is leading the parade there. Charles speaking of leading the parade, tim cook, ceo, i know you dont top dis someone who is following in your footsteps, does he have the righttismer temperament . I do not know tim personally, but what i heard about him from people who know him well is very positive. Charles you inform us and youst thank you. Thank you. Charles now, your company is hot, you got to do what it takes to keep it hot, right . Even if you are hooters, how hooters is keeping customers from hooting and hollering, enjoy watching our tv now, soon you may be watching erving like gil said on your tablet. Copd includes emphysema and chronic bronchitis. Spiriva is a oncedaily inhaled co maintenan tatment that helps open my obstructed airways for a full 24 hours. You know, spiriva helps me brehe easier. Spiriva handihaler tiotropium bromide inhalation powder does not replace fastacting inhalers for sudden symptoms. Tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. These may worsen with spiriva. Discuss all medicines you take, even eye drops. Stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision ans or eye pain, or problems passing urine. Other side effects include dry mouth and constipation. Nothing can reverse copd. Spiriva helps me breathe better. Does breathing with copd weighou down . Donwait to ask your doctor about spiriva. [ villain ] well mr. Baldwin. It appears our journey has come to a delightful end. Then i better use the capital one purchase eraser to redeem my venture miles for this trip. Purchase eraser . Its t easy way to erase any recent travel expense. I just pick a charge, like my flight th a few taps, its taken care of. Impressive baldwin. Does it work for hels . Absolutely thank goodness. Mrs. Villain and i are planning our. U scare me. And i like it. Lets go whats in your wallet . When you recognize something isnt right, make the call to the Veterans Crisis line at 18002738255 and press 1. Id like to coin the phrase, trickle down diplomacy. Frank, were not nominating you secretary of state. I know he made you a promise, but the circumstances have changed. Charles but the house of cards, it is up for a award. But first hooters giving itself a makeover, updating its logo and more changes to come, i am sure guys out there who are hoping that changes do not lead to more male waiters. Companies must innovate or a die. Hooters is a 30year old company, for many, their combination of wings and bigbreasteed waitresses is getting old. I would not be surprised if they became a little bit more ub upscale, and more food choices. Charles jonathan said a boater value prop tig better value prop tiproposition, i dont knoe new menus and logos, but some things should stay the same, no. Some things do, analyst refer to this category of restaurant as a b breastaurant. All of thee concepts of like of middle level restaurants that came and went, i am not sure that just making a hootie the owl more streamline will bring more diners in. That is it, you could see something not dissimilar to what happened to Banana Republic from cargo shorts and tshirts to upscale, Higher Quality clothes in the 90s, you could see the same transformation with hooters. Charles hooters are not only ones working to stay ahead. Kfc, testing out a upscale fastfood restaurant, it worked for chipotle, can kfc pull this off . I dont know, you know, chipotle is local talent from denver. Weve had them longer than the rest of the nation. I dont think that is the same, chipotle is a very interesting simple, straightforward, honest you know organic. If you have been in a kfc recently, and i have, they just dont too many places they have that greasy smell that a very behind the curve not really clean. So they have a long road to hoe. They do. I go there when it is desperation time, i almost want to wear a hood when i leave. I dont want anyone to see moo. Me. Well you go the something against the colonels secret pricspices, charles . Charles i like the spices. Starbucks is experimenting with food at night, wine and beer at night, a lot of restaurant with real estate are trying to expand that market, a lot of consumers, they are filing 8 littl as a little bit e flush they want to trade up to slightly higher price point, and slightly Higher Quality but they dont want to break the bank, this could be a big success. Charles this might be putting lipstick on fried chicken. Netflix making history, house of cards, arrested development. Nominated for all kinds of employees, you can only see them on kinds of emmys, what does that mean . Netflix has done what cable tv has done over last 15 to 20 years, that is up the game once again, netflix is saying, you no longer need to be a tv network or station to be a tv content producer. They are an independent producer, firing on all cylinders right now, changing the game, you can see it in stock up 240 in last year. Charles dave, talk about this stock, i rec mind the stock to my subscribers after one day my daughter said she got rid of cable, my son has net glick netd everyone in my house had netflix but me, i said what is going on, they are charging the way people watch tv. I think they are part of the vanguard. But i dont think they are the sole agent of change, you are seeing large general interest, mass media being disintegrated, it as jonathan said, step two of what kaple Television CableTelevision Industry started 35 years ago, you are watching the internet disintegrate in a literal sense. If you look at this emmy winners and nominee list. You dont see the kind of whole country iconic name, there is not a carroll oconnor, archie bunker, carroll burnett, mary tyler moore, everyone knows that person, it is a whole new era. Charles how about as it relates to an investment. You know, if my opinion in my opinion they do not have necessarily a core confidence that takes them a long way, they start outside guy that can ship dvds around the country really fast. They are not trying they are succeeding, they are succeeding they are getting emmy nominations, and Massive Subscriber ship. Giviig an emmy nomination is not same as building a durable and lasting and successful financial business model. Charles what most people dont realize they are still making a lot of money from the old dvds, you are fantastic. Next time well double it, do it against see you soon. Thank you. Charles you remember bruce willis when he blew up that asteroid and saved world . A couple of democrats have the same idea, this one involves, lassoing an asteroid, slinging it around the moon, and will cost just billions of dollars this just seems like an accident waiting to happen. Helps you be Ready Anytime the moments right. You cabe more confident in your ability be ready. 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Charles spaces final frontier, two democrat senators pushing an out of this world bill to spend 18 billion to lasso anad anal e asteroid so at naughts astronauts ca can explore it, hw far fetched is this . Yet they are serious . It shows how out of touch they are, we have so many problem on earth. We should try to solve is our debt crisis, were approaching 17 trillion of debt and high unemployment that should be our priority. Charles maybe they are thinking, if we wreck this world, we should be able to colonize on there are planet on other planet. If you look at privatee sector, there are tons of people who are trying to do this, you see Richard Branson lets leave the space race to the private sector, and entrepreneurs not Government Agencies who cannot even act at that point to chang cannot even adapt to change, cannot do anything right, i do not trust them on have an exit strategy that would work. Charles if we were flush, i would love to see them try, it would become dee be a comedy show. Dont you think this shows how disconnected they are, you have bill nelson a normer astronaut. And jay rockefeller, maybe never saw a spending bill he did not like. Does it show how disconnected they are from reality . Yes, and i think it is a political calculation, 18 billion is not going to get to us mars tomorrow, this will tame tons of money. Their main goal is to get to mars, i think this is about providing money to a lot of their constituencies and keeping their government jobs, not about going to mars. Charles that gets to root problem, if you think about it. At en of dayry rail against politicians it is our fault for reelectioning them, whoever brings home the bacon, and go to dc, and loop to joint with crazy ideas like this get rewarded. All about keeping their jobs. Charles i dont know about you, i love to see it, you talk about Richard Branson, they could get it done, it just a nutty idea, has to go away soon, we want you to keep coming back michelle. Thank you. Charles see you soon. Dont look now that is china in our rearview mirror, it is catching up quickly. Why the world thinks were weak and about to get passed. Hey, buddy . Oh, hey, flo. You want to see something cool . Snapshot, from progressive. My Insurance Company told me not to talk to people like you. You always do what they tell y . No. Try it, and see what your good driving can save you. You dont even have to switch. Unless youre scared. Im not scared, its. You know we can still see you. No, you cant. Pretty sure we can. Try snapshot today no pressure. So, how do we look . Not good according to a new survey. Most say that china will over take the u. S. At the worlds leading super pow eof some say it already has. Deedee is back. Rick is so mad that i always get mentioned first. You look good, america does not look so good. It is sad, we have to stop letting china mess with us, they are messing with the currency, they are getting away with things they shouldnt. When we have the trade, they should have to pay the dutyez. Charles carlos, as long as they play for our spending they got 1. 3 trillion of our treasuries we cant tell them what to do. I dont know about china passing us they have a lot of problems of their own, but i know were doing everything we can for that to be case. We have one of the highest Corporate Tax rate in the developed world, rather than investing in transportation infrastructure we invest in bankrupt programs, we keep spending more and more money, that money is coming from china. Will they pass us . I hope not. But if we continue down this rode we will make it easier to pass us. I am joining with carlos a little bit. I do i dont think it is a given that they are going to pass us. But you know, what if they did . Charles its okay to be number two. So negative. Were not going to let them pass us. Charles when was last time you went to london. One of the Financial Centers of the world, you know what once upon the time the sunset on british empire. Propaganda for china, i cant believe that, rick. Usa. Usa. Hold on. It means Something Different to me than you. It means we should continue being the greatest nation in the world, that is what it means to me. That does not necessarily mman you are the biggest super power. It is how well do you for your people. Charles i can tell you this, policies that your guy has in place well get to where you to get. I am my guy. Charles you talk about taking a country that is this great, and punishing people that make is great, squeeze that income inequality and crush it down we will live happily ever. Were failing our own people. That is problem we need to make it easier and better environment ar american companies, we need to do that, we need to make it more difficult for china. Why would they respect us, we have to report report ourselves first. I am cures you curious how much we respect china. Who owns most of our debt . We do. Our children do. Were failing our people. Why not worry about us about americans your children. Charles this is what the discussion is about, not that china is zooming past us but were drifting along to point it is not just china. You have to understand there are serious ramifications that come along. With being number one. You know, dollar is World Reserve currency. When we start to lose those things it unravels quickly. Charles, has there been a civil saying that stated number one in the world ever. I dont want a dictatorship ruling the world. Where did this come from . Charles well end with deedee. Were the super power, the greatest nation in the world, we need to help ourselves, and stop letting china screw us over. Charles bottom line, they will come back to haunt us, i am not one that dismisses china. I see what they are doing, i think they or a mission, that is they are running into the same problems. Right. That is called growing pains. A better environment for american business. Were growing too. Go usa charles fantastic, leave it here, audience, ill see you tomorrow, thank you. Why . Political leader grab power that power turns many into try rants. They raise taxes to pay for war. And increase regulation