Stuart look at the big board, the dow is up. I wont call this a rally but it is again close to an intraday high, awfully close to 17,100. How about that. Stock of the day, time warner, look at it. 21st century fox makes a bid for the company, time warner turned down by the door is open. We should mention 21st century fox owns this network. Mary kissel is here to pass judgment on this titanic development. In my opinion a couple of issues here. Content is king, time warner is king of content. There is a migration, television to online. This is all part of that. It is just great more broadly speaking susie animal spirits in this economy. 2 growth, nice to see Companies Bidding for one another even if it doesnt work out but you are right. Content is king whether it is comcast, time warner, dish, spectrum, verizon, the tv deal they did absolutely is very valuable. Stuart i dont think it will make a difference to what our viewers see in the immediate future or where they see it but look down the line just a little ways and this to me is all about entertainment on the internet as opposed to set programming on tv. It might help all of us longsuffering timewarner i dont know if you are time warner but i do. No wonder stock was up this morning and the company could use in competition. Stuart it is a powerful oral issue but the on popularity of Cable Companies knows no bounds. Lookit time warner. Hbo, cartoon network, cnn, new line cinema, a bunch of things they have got that are on the screen. That is content. That is content. Theyre paying for live sports. You dont want to know the outcome after it happens. You want to know when it happens. Stuart you know because you are an employee of Rupert Murdoch and semi, he gets what he wants. What comment do you want to make on that . Stuart he says you are determined to get time warner. Even though the first 80 billion bid was rejected. Shall we leave it at that. Id think we should. A lot more going on and here is what we are watching. Ibm and apple were once bitter rivals and now they are part is. Ibm will sell iphones and ipads loaded with business apps to the corporate customers. Those stocks are up. Look at ibm, three points tire and apple, highest since the split, 96 on apple. Going the other ways yahoo . Slumping Advertising Sales in the slump was not helped by yahoos announcement that it will sell only 140 million alibaba shares, not the 200 million expected. Melissa meyer runs in all, in the hot seat, its back down to 33 a share. The pc, its not dead, profit jumped 40 at intel whose Main Business is pc chips. That stock, you cant call that a doorstop or any longer. I used to any cant say that anymore. It 6 higher on intel. The s p 500 is a fraction higher, 4. 71977. Wait from stocks, look at goal. 1300 an ounce as of now. Look at oil, i believe its right at 100 no, sorry its 101 a barrel moving up with it. The last one from the markets, the yield creeping up a little, still around to a half, but 2. 56 to be precise. Now this, American Companies have been moving overseas to avoid taxes and the obama ministry should does like it. Heres what treasury secretary jack lu said in a letter yesterday. Could rightly, what we need as a nation is a new sense of economic patriotism where we all rise or fall together. Collectivism that is. We should not be providing support for corporations that seek to shift their profits overseas to avoid paying their fair share of taxes. Here he is. Eager to go at it, judge andrew napolitano. Where do you want to start . Translation, they want to squeeze more cash on corporations. We already have the highest Corporate Tax rate in the western world. Maybe in the whole world and that is a good enough for these guys. Their actual attack is on a concept called inversion where a corporation in their view artificially imposes a parent on top of itself and the parent is domiciled in a foreign country and therefore everyone gets the benefits of the lower taxes . Stewart you know where im going with this. Is it unpatriotic, are you an unpatriotic personal company if you say im going to avoid skyhigh taxes . Q and thats with the treasury secretary is saying. I dont know what his view a page or to the miss, but for him to suggest and i could not agree with you more that this is a brand of collectivism where we are not individuals we are just grapes to be squeezed to make the states wine, where the individuals are judged by their contribution to the government, to the state, to the states coffers rather than their fulfillment of their own wishes and their own ability to achieve prosperity and happiness on their own. Its as unamerican an unpatriotic as you can imagine. Stewart its Elizabeth Warren. Its exactly what Elizabeth Warren said. Thats how you can he is basically saying to entities that already pay 35 you are not paying enough. Its economic illiteracy. Think about the economics here. We have the highest it Corporate Tax rates in the world. You go to singapore or hong kong get 60 or around the area and companies are naturally going to go there because of their shareholders who, by the way are americans. Stewart whose money is it . Was the logical conclusion back we should raise their rates to send more copies overseas . Thanks to the Supreme Court corporations have certain rights including the right to travel and if at t or google wanted to travel to another country or the corporate rates are less than mr. Lu and his cronies will have less money to spend and that is moral constitutional and as of this moment waffle. By the way mr. Lu ran the the group you get that blew up the mortgage crisis and went to washington and is mortgage secretary. In between, nice that john nyu. Stewart i would suggest the best we to get the money back to america and theres 2 trillion over there in corporate profits stain over there is lower the tax rate. I dont know why they dont understand the basic math. By lowering the tax rate they will collect more taxes dollars. Stewart to punish people corporation. They dont know how wealth is created. Stewart this is a lovefest. We are agreeing far too much to be that we need to get a leftist in here so we could beat the daylights out of them. Stewart bring him on. You may be the judge in the next case is a collectivist. Stewart let me tell the audience what we are talking about. A federal judge has the end the use of the word, the name redskins in lawsuit documents. This is a federal judge who says you cant use that word in any lawsuit that comes before my court. You cant do that. And if the case is not even about the redskins name. The cases against the redskins. Escrow by a former player for the you new york giants who claims members of the redskin team were paid bounties to harm him physically. If true he has a great cause of action and its probably a crime. The case has nothing to do with the name of the redskins. When a judge makes a ruling that is not integral to the case before him or her thats called dicta and basically just the opinion of a human being who happens to be the judge in this case. No one has to follow it. Stewart who is the judge in this case . I dont know. I forget his name. Hes a federal judge. He obviously has personal offense at the name redskins. Keep your personal offense yourself and a liquid into your courtroom. Stewart but, it doesnt have any impact on the case or anything else at all . None whatsoever. Stewart thats dicta. Dictate, when they make rulings not necessarily integral to the case. Stewart have you ever made a dicta ruling yourself when youre on the bench . Now,. [laughter] i should have known you were going up far. Stewart look at the big board for one moment in time please. Just missed it. We are at 17100. We man got now their earlier this morning but a second ago we were at 171. Most of the gains are from ibm and intel. There you go, thank you very much. Someone bought something and it went to 171. Seven is listening and doing you a favor. Stewart it was in march of 2009 , five years a couple months ago the dow was at 6500. And now 71. Do you have any opinion on the stock market, judge . When the government stays out its free market, but its only one of many measurements of economic activity. Government is not out of it. When you talking about blacks. Stewart my head is spinning. We have a winner and it is tenet health, let me tell you they run a whole bunch of hospitals and healthcare centers. It is a big winner today. Fill me in. How ny, nicole . Lets take a look. You see it up seven and how . What i need to note is the entire group of hospitals are doing exceptionally well today. This comes on the yields of weight hda came out with. They came out with culinary results in the second quarter. What are they seeing . Admissions on the rise, 2 yearoveryear growth. Profit ability and by the way that growth is the highest they have seen in six quarters. Often ability on the rise. Up 5 . That is the best they have seen since going public, so hda is moving this whole group. Its up 9 , now, we revealed the real numbers. Pet healthcare up 7 . Community health up a most 9 and it looks like theyre getting a jump. This is better news than expect it on for operations and also healthcare reforms of hospitals. Stewart i have to ask you, because i might need research, has this got anything to do with obamacare . I have to find that out because this is a huge percentage jumps. The answer is yes, apparently in the reports they are talking about portal care act and so far it has been better for hospitals and if the trend continues they will see higher revenue and her admission rates. Stewart i hear a bell in background. Its a big order for microsoft, kidding. Stewart lunch is ready. The call, thank you. Yes, the market are moving. Click for century fox bid for time warner make another big business headlines this morning, but theres another big story out there. Not a good one. Tens of thousands of Central American children still flooding across the border. Carters been Henry Cuellar, the democrat, leading the charge to speed up sending them back. He joins us next line capitol hill. In new york state, were changing the way we do business, with startup ny. Weve created tax free zones throughout the state. And startup ny companies will be investing hundreds of millions of dollars in jobs and infrastructure. Thanks to startup ny, businesses can operate tax free for 10 years. No property tax. No business tax. And no sales tax. Which means more growth for your business, and more jobs. Its not just business as usual. See how new york can help your business grow, at startup. Ny. Gov 58 seconds on the clock, what am i thinking about . Foreign markets. Asian debt that recognizes the shift in the global economy. You know, the kind that capitalizes on diversity across the credit spectrum and gets exposure to frontier and emerging markets. If you convert 4quarter p e of the s p 500, its yield is doing a lot better. If youve had to become your own investment expert, maybe its time for bny mellon, a different kind of wealth manager. And black swans are unpredictable. Stewart look at here. Still going up a nice little amount now, 42 points higher. 17103. Ibm and intel are contributing most of that gain. I should also add microsoft, which is also eight house stock, thats retirement territory everyone. I on that stock and it its at 43. 13 . Why arent you sharing my joy . Look at this, keep an eye on time warner stock, update after rejecting a bid from 20 to fox, the parent of this network. Im saying the media world has shifted because of that bid for time warner. Check bank of america. The property is down and it blames legal charges and weakness in the mortgage business. They are down 2 . Former Vice President dick cheney continues to make headlines. Listen to what he said about president obamas leadership thus far. I think he is the worst president in my lifetime. I fundamentally disagree with him and think he is doing things wrong. Im quite to see that the House Republicans are challenging him at least legally at this point. What, i think that gets to be a bit of a distraction. Stewart cheney also said president jimmy carter was a better commander in chief than president obama, something he thought he would never say. Do you think dick cheney is being harsh . Now, jimmy carter learn when he was in office that he was mps are like this president who has appease iran, syria, flattered him and the taliban. Jimmy carter started the military buildup that was continued by president reagan. This president hasnt learned. He is touting the same policies that gave us the worst recovery since the Great Depression and guess who that hurts the most, stuart. The person obama coalition. Single women, it hurts minorities and it hurts college students, young people and why is cheney the only spokesman for the Republican Party . Why isnt there someone else out there making these points . Stewart fair point. Im another one comes up shortly. To the crisis on the border as president obamas commerce to pass that 3. 7 million rate plan lawmakers are weighing in withdrawal proposals. One of those proposals and one of the people at the forefront of the debate is, Henry Cuellar whose district is on the border and he joins us now. Always a pleasure, thank you for coming to see us again. I know you got legislation, proposed legislation which would speed up cindys people back, speed up the process. Got that. I want to ask you, with the hispanic people on the border, youre from that district, would do the hispanic people think about returning these youngsters overseas . I want to speak only of my district and thats all im doing. Basically there are different opinions, but as long as you have a due process. You give them the protection under law. Then if you have a hearing like we are calling under our legislation and have a hearing quickly instead of having to wait three to five years what we are doing now. Stewart but the rest of your legislation is to speed up the repatriation process and i have to ask what do hispanics think about that . Well, i just gave the answer. There is a difference of opinion in my district. But, i can tell you when i got back from honduras and guatemala the president s of both countries said we want our kids back. If you think about it its a drink of those countries. We have to work with them so they can receive and integrate those young kids back into their society whatever the country might be. Stewart im told a lot of the youngsters coming across the rio grande are not very young children, that they are teens, 16, 17year old young man. Is that accurate . That is accurate. Most of them will be teenagers. There are some young ones, babies to to three, but they are with mothers. If you talk about unaccompanied kids then you are talking about teenagers from ages 14 to 17. Stewart lets suppose for a moment that your legislation passes and become the law of the land. It would only apply to newcomers, people knew we come across the rio grande, not to those already here. Is that accurate . It will overcome it asserts that is the people that just came in under the surge. Anyone that has been here for a while again im in the a believer in the dream act people that a been here 10 years or more is a different issue. We are talking of about the surge that started about a year ago. Stewart so, that means you will make the law retroactive if it will deal with the 57000 already here this year you will have to make your proposal retroactive to say jenny were the first or some other day, is that accurate . Yes we do go retroactive to cover the surge, which right now i think we have about 58000 unaccompanied kids, but you also have family members that have come in with young babies also. Stewart someone who knows you well told me a few minutes ago that you dont care about opposition that you are getting from the white house and other democrats. You are a strong guy and you will go your own way. Is that accurate . I went to work with the white house. I want to work with my democrats and republicans because again like president john f. Kennedy said this is not a time to find a republican or democratic idea, its how do we come with a practical solution that is the right thing to do. Stewart got young. I miss when Henry Cuellar from the border district itself. Thank you for joining us. We have had this by before, do you want to add you have 10 seconds to add something to the debate. Good to see bipartisanship on capitol hill. Kudos to them. Is the white house going to invest the Political Capital needed to get that bill passed into law . Stewart shes aborting a fight. Actually, that was a good point. After the break, two legends in their respective businesses, one Derek Cheater allstar game and we make the case of why you will probably never see another based on player like. And the other legend, completely different business, weird al again quebec, the king of parity is back at it using youtube and streaming on the internet to sell his new album and videos like this on by the way its on the show. 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Share your summer moments in your mercedesbenz with us. [cheers and applause] stewart yes, mary i do know [applause] stuart yes, mary. I do know that was derek jeter. Just checking. Stewart he got a fiveminute standing ovation last nights allstar game. He was taken out of the lineup and this was his last allstar game. He went to two black too. Mary, i dont thank you will see his like again in baseball, not in the near future. He met im optimistic about baseball. I think derek jeter is a classy guy and sports is full of classic eyes and i dont think it will go out when he retires. Stewart batman never put a foot wrong when it comes to his relationship with the media and his fans. Is also a great example to young kids who want to be like him. Stewart weird al yankovic, launched a new album in here is a clip from his parody song, happy. Stewart i thought we would see weird al, pop up but i who that guy is. Its an awesome problem. Hes for modern family. You dont know modern family . Stewart leave me alone. That was catchy. By the way, weird how will join us in our next hour. I got to say though, mary, the point about this is that weird al is putting out eight tunes on the internet in the next eight days. That is content. This is linked directly to the bid for time warner, which is all about content. There he is. That is weird al, hes a content king himself. Yes, and it proves people will pay for quality and music that speaks to them. We ran taylor swift a couple weeks ago and it was absolutely fantastic. She made the same point. We may not be able to charge 15 for a cd anymore, but people will pay if they like the music. Stewart the internet is the way you get that music out there. Thats how hes doing it. That guy, weird al yankovic, started way back in mtv. Eat it, a classic. The classic of the times. Stewart another one rides the bus, is that one . Im told in my ear. They put it in my ear and i tell you. Now this, janet yellen, the stock picker. Perhaps walking back comments about stocks. Yesterdays shes adjusted and social media issues overvalued, she says. Today she says she sees some pockets where valuations are stretch, but generally she sees she is not seen alarming Warning Signals in the stocks. She is walking back a little what she said yesterday. Now this, apple and ibm partnering up. Big business venture. Some deny was unthinkable unthinkable when steve jobs let the comedy. This is the new apple and we will discuss it next. Really. So our business can be on at ts network for 175 dollars a month . Yup. All five of you for 175. Our clients need a lot of attention. Theres unlimited talk and text. Were working deals all day. You get 10 gigabytes of data to share. What about expansion potential . Add a line anytime for 15 bucks a month. Low dues. Great terms. Lets close. Introducing at t mobile share value plans. With our bestever pricing for business. Stuart loads. The to the big story of the day. Time warner shares. 16 higher. Joining us by phone is howard kurtz. Lets hope this goes through. To me, this. Kind of formalizes the shift from television to the internet. What do you say . Steve i think they are interested in premium channels as well as the big warner brother movies channels. They do have a bigger presence on the internet. If this deal ever gets done, we are talking about a colossus of a company. Stuart if any deal goes through, i mean, google is reportedly interested. If anyone takes time warner. Young people do not watch television did they do not go to television for their entertainment. They go to the internet. I think the attempt to buy time warner is systematic in that performance. There is no question. Everyone knows that audiences are migrating away from tv. Online will be a great synergy pair. You watch it on your large screen tv. You know, they had rejected the bid. This is just the beginning. I am reminded when Rupert Murdoch tried, it was no, no, no until they said yes. This could open it to other bidders. I am not surprised that time warner stock is up. It is one of those you have to see the plate shifting. Stuart yes, you can. This is one of the stories you have to come up. To cover it for us. Lets move on to the apple and ibm partnership. They were, of course, bitter rivals. Now they are teaming up. Batch of old Senior Technology correspondent Samantha Murphy kelly is here. This seems like a pretty good matchup for me. Apple now gets much more into the business arena. Right. I think that this movement took them out of people by surprise. Ibm would use their chip in computers. That would help apple. The mainstream with their computers. This is the first equal playing field. They are both coming in it at both ends. It is not a manufacturer client issue. They can go into businesses and say here is your iphone. Here is your ipad. Get to work. Stuart a little bit more on apple. Jay carney may become the new pr guy for apple. There was some pretty strong reaction yesterday from our viewers. Nancy says carney could not do that. Jeff adds, hiring him would send a terrible message that apple does not care about the truth. Not only would i not buy any apple stock, i would not buy or use any of their product. Samantha, that seems pretty strong. Right. I think a lot of people were talking about this yesterday. That little nugget was. In a story about carney possibly going to uber. It may be a political segue. That is one thing that would mention he may be interested in apple. Other sources say that may not necessarily happen. Theyre person retired after 20 years. Now they are looking for someone that can kind of shape things up. I think that is a little bit of it. Carney with uber is the ultimate irony. Stuart hold on a second, samantha. Yahoo . Their ad revenues are way down. Marissa mayer is very much on the hot seat. I do not think that she has yet shown that she can run the operational side of yahoo s business. She has done good with aly baba because yahoo has a chunk of that. Right. It has actually been two years since she was announced. Speaking of steve jobs, what kind of a company are you . I know that is the question that marissa does not like to answer. Whatever is good, we will provide to our customer. In that sense, i think it is sort of a child identity should. Really, what is yahoo . I think that is the issue. There has been improvement. Especially with her leaving the company. I think it is where were they and where are they going. Stuart bring in jay carney. Samantha, thank you very much. Another consequence of obamacare. Coming up after the break, one doctor that says this business in urgent care Stuart Google says it will make a smart smart contact lens. They are one step closer to it. Novartis says the Parent Company makes everyday contact lenses. No word yet on the key terms of the deal. Look at google. We have a new number for the valuation of aly baba. Try 150 billion. We called the company the chinese amazon. Yahoo has a big stake in ali baba. Nonetheless, yahoo is down. We have to check out intel. They shipped a Record Number of profits last quarter. In they are up. Back in a moment. Id lift my arm and the pain back here was excruciating. I couldnt lift my arms to drum or to dance. When i was drumming and moving my rib cage and my arms like this it hurt across here. When i went to the doctor and said whats happening to me his first question was did you have chickenpox . I didnt even really know what shingles was. I thought it was something that, you know, old people got. I didnt want to have clothes on. I didnt want to have clothes off. If someone asked me lets go dancing that would have been impossible. Stuart intel is helping out all of the Semi Conductor stocks. Nicole that is right. They came out with their numbers. Better than expected. Not only is intel leading the Dow Jones Industrial average, but it is bringing the others up along with it. How about arm holdings. Also a winner of 2 . Certainly, the Semi Conductors in particular. Stuart helping microsoft. Still the pc and operating systems. Where have you been, nicole . Nicole new highs. Do not leave out new highs. Stuart i am close. I know we are close. All right, no cool. Thank you very much indeed. I want to talk about obamacare. Nearly a half of emergency room doctors say they have seen more visits this year. Nine in 10 expect those to rise in the next 10 years. Your urgent care clinic. He says his business is clean. Your urgent care. That is in urgent care facility chain. Exactly. I am a partner and direct there. Stuart this is where people flood into when there is something wrong with them on a shortterm basis. If you have an emergency that is not lifethreatening, you come to see us instead of in emergency room. Stuart covered healthcare. They are flooding into their. I have seen definitely an influx. That is where the urgent care practice becomes so for tips. Having to deal with overcrowding. Being in intermediary between the emergencies and the other urgent, nonlifethreatening issues. Stuart it seems to me that you are one of the beneficiaries of obamacare. My taxpayer dollars. I am one of many. [laughter] urgent care businesses at 14. 5 billion. Stuart rising rapidly. We are talking about a big piece of the pie. Stuart your urgent care is private. It is private. Stuart is a luxury . Better than what you would expect to see in you the other departments. We are providing immediate care. You do not wait to be seen by a doctor that is trained in emergency medicine. If i am poor and i have coverage through obamacare, can i come to you . Will you treat me . I will treat you, but there are limitations. You could also look at the benefits that most hospital visit have. Stuart do you take medicaid . We do not take medicaid. It is not shameless. A shift in what priorities are. Stuart what would you sell urgent care for . Right now, nothing. It is my passion and i am involved with doing this job. Stuart if i give you a 100 million check tomorrow, would you take it . Probably. Stuart you are a wealthy guy. Not yet, but we will see. Stuart your urgent care. Thank you for joining us. Thank you for having me. Stuart cable and internet providers. Here is one reason why more of this next. Help me understand why you do not want faster internet. Only why you cannot disconnect is. In new york state, were changing the way we do business, with startup ny. Weve created tax free zones throughout the state. And startup ny in jobs and infrastructure. Of thanks to startup ny, businesses can operate tax free for 10 years. No property tax. No business tax. And no sales tax. Which means more growth for your business, and more jobs. Its not just business as usual. See how new york can help your business grow, at startup. Ny. Gov ive got a nice long life ahead. Big plans. So when i found out medicare doesnt pay all my medical expenses, i looked at my options. Then i got a Medicare Supplement insurance plan. [ male announcer ] if youre eligible for medicare, you may know it only covers about 80 of your part b medical expenses. The rest is up to you. Call now and find out about an aarp Medicare Supplement insurance plan, insured by unitedhealthcare insurance company. Like all standardized Medicare Supplement insurance plans, it helps pick up some of what medicare doesnt pay. And could save you in outofpocket medical costs. To me, relationships matter. Ive been with my doctor for 12 years. Now i know ill be able to stick with him. [ male announcer ] with these types of plans, youll be able to visit any doctor or hospital that accepts medicare patients. Plus, there are no networks, and virtually no referrals needed. So dont wait. Call now and request this free decision guide to help you better understand medicare. And which aarp Medicare Supplement plan might be best for you. Theres a wide range to choose from. We love to travel and theres so much more to see. So we found a plan that can travel with us. Anywhere in the country. [ male announcer ] join the millions of people who have already enrolled in the only Medicare Supplement insurance plans endorsed by aarp, an Organization Serving the needs of people 50 and over for generations. Remember, all Medicare Supplement insurance plans help cover what medicare doesnt pay. And could save you in outofpocket medical costs. Call now to request your free decision guide. And learn more about the kinds of plans that will be here for you now and down the road. I have a lifetime of experience. So i know how important that is. Stuart Technology Executive ryan block decided he wanted to cancel his comcast description. No problem; right . Not so fast. The comcast representative refused to let him cut the cord. Here is a snippet of the nearly 20 minute conversation. Help me understand why you do not want faster internet. Tell me why you cannot this connect us. Do you want to go over the information . I am declining to state why we are leaving comcast. I do not own you an explanation. We are the number one tv service in the tire country. I am declining to state. We are switching providers. Can you please go to the next question. Stuart that was a 20 minute conversation to cut the cord. That conversation was posted on the internet. And when it viral. Mary, this is why Cable Companies are not that popular. Why the federal regulators should get out of the way. The faster they do that, the faster we will be able to get rid of substandard service like that. Substandard service . I have comcast. It is terrible. [laughter] stuart they really did not want to let him go. I wonder if the young person on the line there they persuaded the customer to stay with comcast. Is it just another example of the american way. He probably said, my bosses told me to ask this question. I must get this question answered. That is why he is pushing this guy. Stuart knew that noon. Something completely different. The man who is ruling online content this week. Weird al yankelovich. He is here in two minutes. Plus, two pages of boxes with a line through it. A record for the First Six Months of the year. Why is art flying so high . The second hour and two minutes. [ male announcer ] if you cant stand the heat, get off the test track. Get the mercedesbenz youve been burning for at the summer event, going on now at your authorized mercedesbenz dealer. But hurry, offers end july 31st. Share your summer moments in your mercedesbenz with us. Stuart what a day. The whole media landscape about to be rearranged. Technology reshaping what you want and where you watch it. The treasury secretaries say companies have to pay the highest taxes in the world to be patriotic. Stocks doing very well. Let the second hour begin. Because i am happy because i am happy stuart weird al yankovic. And lots of content. Time warner content king is in takeover play. You have to wait a couple of minutes. Look at this. The world super rich are buying arts. Lots of it. 4. 5 billion worth. Hypocrisy. Tom stier. Democrat donor. He stashed money in the caymans when he ran a hedge fund. Keith ablow is here. Is an American Company still patriotic if it avoids the highest taxes in the world . First. It ties into our big story of the day. Weird al yankovic. He is at it again. His new song goes like this. Roll some more. Stuart by the way, that is from word crimes. It is all about grammar. Welcome, sir. How are you . Good to see you. Stuart my mother told me to quickly run to the store. Excellent. Stuart yes, indeed. There is a steak. What do you say . Stuart eight videos and eight days. You are doing this because you can and because this is how you now market your product. It is true. Mtv is not really Music Television anymore. The internet is. Things go viral for a day. You can be famous for 24 hours. Stuart how do you make the money when you are putting it out on the internet . Who pays you for this . They do not pay me for it. They are looking for content. I am looking for video. It is kind of a winwin situation. They do not pay me. They pay me for the production of the video. Hopefully, people buy the album. Stuart so, they are paying you to produce the video. They are not paying me to produce the video. Actually, they are giving me a free video. Stuart when did you start this . This interview, about five minutes ago. Monday. We just debuted a brandnew video. We just put out the uses of aluminum foil. Stuart i remember you from the mtv days. Thirty years ago. You were using cable television. That is how you got out there. Times have changed. It is all online now. That is why time warner is a takeover target. They are laughing at me. I am not mocking you. Stuart guess, you are. Can i be in your next video . [laughter] stuart you got me. I am not going to do it. You want to be in a video, but you will not provide a dance move. I have to show you my Business Card now. Stuart what you are doing is putting out content onto the internet. That is why time warner is so valuable. They are king of content. I thought i was king of content. Stuart what are you going to do now . Recuperate. I have been under contract since 1982. A 32 year long deal. I will just be doing singles. I do tropical and timely. Chances are, a lot of the songs will not be top performers. Stuart you put singles out on the internet. Everything is available digitally. You can pick your own singles these days. Stuart that is what you are going to do. I will be on the bleeding edge of technology. Stuart they are telling me i have to wrap. Oh, no. I want to be here all day. Stuart weird how, everybody. A pleasure to have you on the show. It really was. You never got me to do the moves. Someday. Check the big board. The dow is indeed in record territory. Look at it go. 17,105. Not that. The s p 500 also to record territory. Loyal. Right there. 100 per barrel. Gold. Up just a little. Back to the 1300 per ounce level. Bertha meyer honeymoon. It could be a long way away. What is going on with yahoo . Nicole down 5 . I could do the dance moves. Lets take a look at the stocks. 33. 89. The high hopes of ali baba. Shareholders benefiting. They came out with their quarterly numbers. They missed something. It went terribly wrong at yahoo . You have all of the analysts jumping on board. They cut their target. Still 5 . They did change thereby rating. 39 from 42. They came out with numbers that were a little disappointing in the nearterm. Stuart thank you very much. Lets get back to the big story of the day. Time warner rejecting a bid. Time warner stock is up big on that news. This is all about content and the internet. Look at what theyve got. Cnn, tnt, tbs and a lot more besides that. Here is charlie gasparino. Look, you know more about this than i do. I think that time warner is in play and i think there will be bits from other Companies Pushing it up. Buying time warner based on what we were saying last week, you would have made a lot of money. We reported that. I knew that from my Silicon Valley banking sources. The fact of the matter is there are many players that are interested in time warner. The whole thing was in play. What is going on here is that this company for better or worse is employee. Content is king. If we buy it, guess what, look at hbo, my wife is in the media business. She works for showtime. What made this attractive . If you look at hbo, itbasically. It shows off a lot of cash flow. People love the hbo aspect of this thing. Cnn does make a lot of money. Forget about their ratings. They make box. When you talk to wall street firms, it is a constant feed. It is just there. Kind of like what you got out of hbo. It is really hbo go. That would be key to the deal. Google was interested. I will be really clear with what i said. Google and other Silicon Valley companies are interested in content that is like this. Here is the interesting thing, my guess is knowing Rupert Murdoch, this is not his final bid. He welcome back. He does not do anything without thinking about it. There is a strategy here. However, here is where it gets really tricky. Starting a bidding war. Do other people come in . Do prices come up . It is basically a stock valuation. Who has cash to do this . This is another thing. Google. We do. Thinking of the names that could do this deal. Then it becomes the best story of the year. I think that this thing is way above 100. There is a lot of cash out there. Looking for content. This deal is in play. Stuart that level, at some point, they have to say that that is a good price. Listen, this company is going to be sold. I cannot tell you who is going to buy it. Whether somebody else comes in. It will be sold. A 60 billion company. There are only a few places that can buy it. The biggest studios, two. Here is the downside. I work here. Everybody knows that. Does this company want to go through months and months of media speculation . Stuart a very high price. Weve got it. Charlie, thank you very much, indeed. Excellent reporting, as usual. Lets go to layer 11 at the cme. What do you say about this . You should always be protective in a market. I guess we could be saying that for the last three years. These markets continue to set records. I am not very worried about it. I think a lot of your viewers out there are not worried either. With that being said, i think you always have to be protect it. It is super important. Stuart okay. Nice to see the dow up 55 points. We just love it. Larry, thank you very much indeed. Stuart the u. S. Has the highest Corporate Tax rate. The Obama Administration wants corporations to pay more. They call it Economic Future it is him. Pay up on that high tax rate they say. More on that next. [ male announcer ] once, there was a man who found a magic seashell. It told him what was happening on the Trading Floor in real time. The shell brought him great fame. But then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their Trading Platform. So the magic shell went back to being a. Shell. Get live squawks right in your Trading Platform with thinkorswim from td ameritrade. Stuart the Immigration Crisis still front and center. We cannot get comprehensive Immigration Reform and months we have and enhanced order security. Congressman, you are a republican. You are from california. You support comprehensive Immigration Reform. You cannot have comprehensive reform until you secure that border. Thank you for having me back on your show again. We have been performing all aspects of immigration. I think it will do great things for our economy. I absolutely agree that we have to secure our border first. 160,000 unaccompanied minors. I think we will shock the system. Can you repeat that . How many of company minors have not heard that higher number before . Within the next year, 160,000 unaccompanied minors. The number by month continues to get higher. Stuart do you believe that president obama is prepared to secure the border . I think it is up to the republican conference, the republican controlled house. First of all, this Administration Needs to secure the border four the american people. This is a president that says the border is absolutely secured today. I think that first of all the president needs to go down and see the border himself. We have to craft a bill and pass a bill that ensures the american public. Stuart that bill has not yet been crafted. It has not yet been put together. Double call bill passed unanimous support. We do expect with the president requests for funding that we will be up that Border Security bill before it comes to the house floor. Stuart one quick question for you about jack lew. He says we need a new sense of economic patriotism. Therefore he says, hey you, american corporations, pay up. Otherwise, you are not economically patriotic. You say what . I see what is happening with our tax rates right now. We have the highest Corporate Tax rate in the world. We want to be number one. We should be number one. We want businesses to stay here. We want businesses to grow here. We have to reduce our tax rate. Stuart republican congressman. Take you for joining us. We appreciate it. Thank you for having me. Stuart the treasury secretary of the United States says we need a new sense of economic patriotism. Those skyhigh taxes. Here is my take on that. What an insult. What a missed opportunity. Jack lew is saying american corporations must ring back their overseas profits. He is saying Companies Must stop leaving the country. If they do not pay up, he is implying that they are unpatriotic. It is worth pointing out. It is not his money that we are talking about. It is the shareholders money. It is unpatriotic to get the best deal. Now to the missed opportunity. If that 35 tax was cut back drastic weight, some of the 2 trillion would come back here. That would give jack lew treasury aliens of dollars in tax revenue and create countless jobs as well. This is an opportunity to benefit america. Quite simply, this president will never cut any tax any time. That is why all of that money stays over there. Lets be clear. The patriotic paying skyhigh taxes are not the same thing. The treasury secretary of the United States of america should know that. [ male announcer ] we know theyre out there. You cant always see them. But its our job to find them. The answers. The solutions. The innovations. All waiting to help us build Something Better. Something more amazing. A safer, cleaner, brighter future. At boeing, thats what building Something Better is all about. At boeing, thats what building Something Better is all about. Really. So our business can be on at ts network for 175 dollars a month . Yup. All five of you for 175. Our clients need a lot of attention. Theres unlimited talk and text. Were working deals all day. You get 10 gigabytes of data to share. What about expansion potential . Add a line anytime for 15 bucks a month. Low dues. Great terms. Lets close. Introducing at t mobile share value plans. With our bestever pricing for business. Were changing the way we do business, with startup ny. Weve created tax free zones throughout the state. And startup ny companies will be investing hundreds of millions of dollars in jobs and infrastructure. Thanks to startup ny, businesses can operate tax free for 10 years. No property tax. No business tax. And no sales tax. Which means more growth for your business, and more jobs. Its not just business as usual. See how new york can help your business grow, at startup. Ny. Gov stuart look at it so. Moving up a little higher. Sixtyfour points higher. I will call that a rally. The pc. You that it was dead. It is not. That stock is no longer a door stopper. Can you imagine. Intel up. That is a rally. Look at this and smile. Microsoft. 4388. 4388. I own the stock. It is up 1. 42. Here is another headline. Music to my ears. This one is really good. Tattoo removal up. I hate tattoos. I have threatened my children that if they get a tattoo, they are out of the will. A great headline. Removing love that is only skin deep is painfully expensive. If you are looking for a job, they find out that the tattoo is embarrassing. I am saying that this is a growing mixed business. I am completely against tattoos. All of a sudden you see a tattoo and some strange place. I wish that they were outlawed. I do not understand it. Extremely difficult to remove. Stuart are you for or against tattoos . Let me put it this way. I do not have one. I do not like to be judging and judgmental about other people. Are you thinking about getting one . Stuart you come on the show. You have to have an opinion on everything. I just did. Stuart we are an opinion show. I have a number for you. Christies said it sold 4. 5 billion worth of fine and decorative art in the last couple months. That would include this painting. Two boxes with a line going down the middle. This is your area. The wealthy folks. I think this is the super rich of the world. Easily. What do you say . I think the superrich always like fine art. We are seeing the young wealthy folks. They want to show it off third the whole idea of having something besides a stock and bond. It is more fun to go Something Like this. There is uncertainty in the market. Volatility. You see a lot of this go. When you feel the uncertainty in the market. That could be part of it. Stuart i always get worried when i see things go straight up like that. That is a bubble. Maybe 4 million. It seems published. I am not an artist. I think the perception is interesting. It serves a perception. Largely, our market is very liquid. It can be very difficult to unload these paintings. It may not exactly exist when they buy these pieces. Stuart you manage the money for some pretty wealthy people. The conversation comes up all the time. They do not have the comfort and security of the traditional market. A lot of people are buying these they may come into these other countries. Sometimes they avoid taxes. I have had a lot of clients ask me about high end cars. Other types of investments. And area that is just going to continue. Stuart we are already talking about the superrich. Those are the ones that should be paying for it. Stuart the superrich. Considerable wealth. Even higher than that. They have a lot of money and they are looking for ways to get security. Stuart i bet there are a couple thousand people in the world that are worth 100,000 plus. Way higher than that. The world is a big place. There are a lot of secret billionaires. Some very secret wealthy people. Stuart veronica, they give very much indeed. Dr. Keith ablow is next. We have several topics for him. Jay carney and apple. Airbus sardine seats. Secretary of state on exceptionalism. That is all next. Thank ythank you for defendiyour sacrifice. And thank you for your bravery. Thank you colonel. Thank you daddy. Military families are uniquely thankful for many things, the legacy of usaa Auto Insurance can be one of them. If youre a current or former military member or their family, get an Auto Insurance quote and see why 92 of our members plan to stay for life. Talking about patriotism. He is addressing u. S. Companies moving overseas to avoid paying skyhigh tax rates would the quote from the treasury secretary, we need a new sense of economic patriotism where we rise or fall together. We should not be providing support for corporations that seek to shed their profits overseas to avoid paying their fair share of taxes. So we are putting patriotism and the treasury secretary on the couch with Fox News Contributor dr. Keith ablow. Patriotism, you are not patriotic you dont pay skyhigh taxes . When was patriotism before defined as blind obedience and getting in lockstep with something that is unreasonable. It is patriotic to do the thing that is right for your business if the government has a policies that would lead you to ship to another place to call your domicile. That is patriotic, to remind your government or policies are driving business out of the country. It is not patriotic to participate in something that is going to erode the possibility for businesses to grow, to employ more people, to find new products. That is not patriotic. That is signing on with a bad policy. Stuart a lot of issues, here is the next one. Literally hundreds of the work comments saying they would not buy apple products if jay carney becomes the new head of p r. That seems a very extreme position to me, put your politics in front of where you buy your computers . I dont think it is extreme. Here is the thing, jay carney decided he would be part of an administration that has been repeatedly untruthful with the american public, he decided to be part of an administration that made americans question their patriotism. This was his choice. If accompanied decides he is a good part of the company then consumers have to decide will the company be truthful . What is the companys position in terms of World Affairs . I think people are ok voting their pocket books along with their conscience. I would say i dont want to have my iphone anymore if he is the spokesperson. Stuart next one, a lot of your comments on airbus patenting, very uncomfortable looking seats, looking like like a sardine can if you ask me. I will read a couple for you. Rory says we are going to have to flap our arms for lift off too . I would not sit in one of the seats. Michael cracks a joke, and what is it about flying, we have so little control when we fly. And you are voluntary hostage. I think airlines would do well to remember that psychological level, the folks there serving field disempowered. How do you give them a sense of being effective . It may not be to grant them more but to give the more choices. It may be to review rules as to whether they are really necessary because people dont understand why cant i turn my cellphone on now. They dont know why. Stuart via youngster flying new york to boston, i would fly in that seat if it was a short flight and it cost me 50 bucks. If this is an inexpensive light and people want to say i volunteered for that seat absolutely, theres nothing wrong with that. I am saying you asked why are people so flustered when they get in flight. There disempowered. They have little in way of choice and some of the things airlines have adopted, that is a good example, i dont know why i cant turn on my phone after a certain point during the takeoff period. I literally dont know. I just know they tell me not to and get very angry if i dont. Stuart i dont want to listen to your conversation times sitting next to you. John kerry, secretary of state gets uptight when he hears politicians express how exceptional we are, we americans are. Your take on that one. John kerry get the tape when he gets out of bed in the morning. Could we have more uptight guy with a stiffer exhaust . Nonetheless, he is uptight by our exceptionalism. I dont understand when he comes to that. Maybe he should review as he gets around to in his speech all the wonderful land original parts of our constitution and bill of rights, we are an exceptional people, this is part of the administrations the Obama Administrations effort to talk people out of their patriotism. I take exception to that. That is the way i am exceptional. I take exception to this president. Stuart todays session was particularly good. We reached an amicable agreement on all four issues. One more. I want to see you get that tattoo of money on your knuckles. All right. Think about it. Stuart when you need a hug. It could change your life. Thanks very much. 21st century fox make a big move for time warner. This is all about content, the future of entertainment. It is on the internet. Here with the next. A new number for the valuation of ali baba, 150 billion and chinese amazon. Ali baba is said to go public later this year, the biggest tech idea ever. Only a matter of time, amazon may launch an unlimited ebook and audio Book Subscription Service for its kindle devices. The Company Posted an announcement on its site for kindle unlimited. Then it took it down. The service could cost 9. 99 a month and offer access to nearly 600,000 titles in amazons stats. Check shares of amazon, up fractionally. News from the nba to mr. Adams silver, floating the idea of a missed season tournament, looks like a european soccer season, stewart might start liking basketball with this news. Tumwater gives you the latest in a Halftime Report next. Dont go away. Want to know how hard it can be. To breathe with copd . It can feel like this. Copd includes chronic bronchitis and emphysema. Spiriva is a oncedaily inhaled. Copd maintenance treatment. That helps open my airways for a full 24 hours. You know, spiriva helps me breathe easier. 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Ill keep asking. Whats in your wallet . Stuart here is the real Halftime Report with Nicole Petallides at the exchange. Ed butowksi, Elizabeth Macdonald in new york. 20th century foxs takeover bid for time warner is all about content and you say . I agree. This merger if that happens, you have the two top grossing movie studios, and more importantly hbo, the netflix killer, this would be a big deal. We need to take out how netflix is performing on this news. Stuart ed butowksi, does netflix la good when you have a takeover bid for time warner or a takeover bid to . Looks great. The evaluation of netflix looks great, the Company Looks great, it is hitting on all cylinders and their increasing content all the time. The idea was our television will go away, will lease are watching everything on the internet . That is what this is about. Netflix, theres a lot of upside to it. Stuart the value of the content, time warner goes up. As long as we watch these on ipads everywhere we go that is where the game is. Stuart tell me about yahoo . Big slump in ad sales. Would you buy the stock around 33. I dont like the overall market but yahoo has some issues. Ali baba is going to help own some of that. I am not a buyer. Stuart Marissa Meyer runs yahoo been there for two years i believe. Has she made her mark in changing the company and defining the company . Stock has doubled since Marissa Meyer took over yahoo s 23 , 24 stake, equate to its entire market capitalization. The value of the ali baba ownership is yahoo s entire market cap, 37 billion. That is putting a floor under this stock. Stuart she is not really changing the operational structure of yahoo to make that profitable. Lets move on to Nicole Petallides, the dow in record territory. Give me the winners. Nicole exciting for the bulls out there for your 401 k s and iras. The dow in record territory led by technology. Intel raising their guidance better than expected. That is up 7 . That is huge. In new high, microsoft, 3. 5 , ibm another great performer up 2. 3 . For the year, year to date, the best performers are in tel up 41 , caterpillar up 20 , microsoft 17 , cisco and merck follow. Stuart loved it. Absolutely love it. Jack lew says is patriotic to pay skyhigh taxes. I totally disagree. Why is it patriotic when it comes to what the corporate fix is. Heres what they want, at what the administration wants to fix it, get corporate ownership of u. S. Companies, you would have to have Foreign Ownership of 50 or more of company shares, you would lose u. S. Companies to Foreign Ownership to stop companies from moving overseas. That is not patriotic at all. Stuart the administrations position is they are inviting Foreign Companies to take over American Companies. With legislative fix the administration supports, senator orrin hatch is saying a second, you will dramatically turn u. S. Companies into Foreign Companies if you push the owner should stake out to 50 or more, by foreign donors, for shareholders. Stuart a quick word from you and patriotism. The policies of this administration are not patriotic. It is anti business, so much regulation. When you change that people become more patriotic but having said that the ceo and chairman of the board will report to the shareholders and the byproduct of a free market is we have more tax revenue. It is and happening right now. Stuart before we close you live in dallas. That is where you hang out so to speak. I want you to give all of us a report from the frontlines of the border crisis. People are getting ready, we know they are coming is one group, i met with judge jackson in my office the other day who is in charge of dallas county. He is looking at facilities that five miles from where i work that he doesnt know when people will stop coming diaz to me. I have no problem saying this. To collect 40,000 from friends and Business Associates to buy cellphones for these young kids who can call home, waking up crying all the time so they can call their parents. These kids are not going back anytime soon. Theyre going to make these kids available, they are cute and wonderful but it is not what we want in dallas. Stuart do you see lots of illegals literally walking the streets of dallas . Even before this call over dallas. You have illegal plants all over texas, drive south on i 45 and i will tell you you know when you see somebody who is not legally in this country. It is easy to see. I talked to friends of mine who are illegally from mexico, have friends and relatives, they know theyre here illegally and there are more coming. Stuart thank you, we appreciate you being with us. That is it for todays real Halftime Report. More hypocrisy from liberal billionaire environmentalist times higher. This one brought to us by our very own Elizabeth Macdonald. Shes going to come back after the break. If you had chickenpox, the shingles virus is already inside you. You should know that 1 in 3 people will get shingles in their lifetime. Lou nebraska governor Dave Heinemann says the fed conducting secret operations trying to sneak scores of Illegal Immigrants into states without notifying anyone, in State Government at the local level. The governor says he is not putting up with it. He is our guest at 7 00 p. M. Eastern. Please be with us. Stuart supergreeny and democrat donor taunts fire at it again and Liz Macdonald has the story. Liz courtesy of washington time they are saying offensively, cyruss hedge fund basically set up but number, dozens of offshore corporations, in the Cayman Islands and the British Virgin islands to escape u. S. Taxes so this comes at a time we have senator harry reid blasting the Koch Brothers for supporting and paying, funding political campaigns but another billionaire using tax evasion strategies that his hedge fund getting no criticism whatsoever on the floor of congress. You dont see harry reid taking to the microphone to blast times higher. Stuart but didnt toms diner have is on the road to damascus turning point . He said he cut his connections to the hedge fund but only after he made his 1. 6 billion fortune so he is a 1 who made a lot of money in oil and gas and now with the use of tax havens as well offshore. Stuart reap and, tom sty air. Your take is next. Really. So our business can be on at ts network for 175 dollars a month . Yup. All five of you for 175. Our clients need a lot of attention. Theres unlimited talk and text. Were working deals all day. You get 10 gigabytes of data to share. What about expansion potential . Add a line anytime for 15 bucks a month. Low dues. Great terms. Lets close. Introducing at t mobile share value plans. With our bestever pricing for business. Were changing the way we do business, with startup ny. Weve created tax free zones throughout the state. And startup ny companies will be investing hundreds of millions of dollars in jobs and infrastructure. Thanks to startup ny, businesses can operate tax free for 10 years. No property tax. No business tax. And no sales tax. Which means more growth for your business, and more jobs. Its not just business as usual. See how new york can help your business grow, at startup. Ny. Gov stuart can i be in your next video . Come on. Stuart if you think no. Do it. Stuart no. You got me. They are not going to do it. You want to be in a video that wont provided and move . Stuart i want to talk about time warner and content is king because he is the king of content. A few laughs with weird al ya o yankov yankovic, the guy is a genius. We ask you what your favorite weird al parities are. Ready, the greatest video ever made. Just eat it is really good to. Cant forget pretty fly for of rabbi, a personal favorite. Nicole tweets definitely the saga begins by weird al which is a genius star wars and american pie mash up. Your favorite weird al parity . Just eat it and his appearance here. He was a genius. Fantastic. Liz another one ride the bus. Never been in a car like this since i went to see the who which is a better rock band than the beatles. Stuart what a way to end the show. 5 seconds left and you are finished. Here is dierdre bolton. Point like i just picked up a hand grenade. 20th century fox, parent of fox business offering to buy time warner for 80 billion. The future of content creation on focus with the head of Media Private equity fund neil henry will join us. Apple and ibm teaming up to offer iphones, ipads, apps for businesses, lots of implications for google and samsung potentially being left out in the cold. Robots are revolutionizing the new york