Your phone or tablet. You dont even need a substitution, just 200. Big laughs at microsoft. Barbie sales tumble and so does mattel. A huge hit, australia revealed its carbon past. Varney company is about to begin. The average is two and a 52 a day. That is unbelievable and all of us simultaneously drafted that its costing american taxpayer at a minimum 250 of 2000 a day to deal with this problem. Its on acceptable. Stuart you heard it right there, that was republican senator Lindsey Graham at the meeting with Homeland Security chief last night and you heard him right. You, the taxpayer you are forking over 252 back as much as a thousand Dollars Per Day for everyone of those miners who have flooded the border. Fox news contributor monica follies with us. Now, we have a dollar number and we know it is going to cost for years to come and that dollar number came from the ministration itself. The financial crisis. Reporter this is an and glove crisis we havent been discussing. We been talking about the breakdown of the law and overwhelming the system and we have been talking with health crisis, the possible repairs can over the border, but now, we have a number associated with each child and anyone who has children knows that children are expensive, but not that expensive. This is what happens when you get a crisis that has been cultivated by the federal government and all of us are going to up to pay for the obama created crisis to take care of these children and till this can get resolved. Stuart and if we dont pay we are judged as harsh. And heartless. Stuart for my they are children. A lot of them are children, but you have a lot of potential terrorist coming in and drug cartel. You have drugs coming over the border and socalled kids that are 17 years old covered in tattoos and part of gangs. Not all of these people are innocent children. There are a lot, but not all of them. Stuart on fox news yesterday afternoon i interviewed the mayor of lynn, massachusetts. She has added influx of 600 it immigrants. 2048 from guatemala in their mid teas, not young children, midteens. They dont even speak spanish. They speak a local language, guatemalan. She has to budget to pay for them all. She has had to redirect her entire city budget because of what has happened because they have been dumped in her lap unannounced. Reporter and now youre not just hearing from republicans, but also hearing from democrats like the democratic governor of maryland. Marco malaga like to run for president and he was telling the administration you cannot bring these kids here. You have states and federal government. We are broke. We simply dont have the resources to take care of all these children. The United States is not an International Day care center. Stuart meanwhile, charles, you know what is coming. The president is arriving in new york city today, two fundraisers, crisis on the border, crisis all over the place and two fundraisers. At least its not a photo op, or maybe it is. Stuart nothing interesting question. Its ridiculous, stuart. We talk about this all the time and this is the tone that part of it i hope some people say well maybe there is a new paradigm and the president is like any other elected official in dc and youre always spending time fundraising and running for reelection. Hopefully, at some point someone will govern someone will actually spend the time to do what we have asked them to do. This is really outrageous. Its been on the hands of all the when hes not raising money for himself. Hes not runny. Is raising money for democrats. 393 fundraisers since you become president and the pattern and with every does a crisis the first thing he does as good a fundraiser. Morningafter benghazi in the border crisis when he was in texas during fundraisers instead of going to the board. He simply doesnt care. Stuart i have a suggestion, maybe the present could made raise money out of the race people in new york city to pay for these children seen what about shaking wall street down . What is i do with that . Is should go to homeowners because after all they were the victims. Stuart all right it is a thursday morning and we will check out the stock market. Down eight points. I have to call that a flat market. Look at the level we are at, 17129. Not bad. Mary barra toppers and a General Motors is back on capitol hill today. Still talking about faulty ignition switches. All of these recalls, all of these hearings have not affected the stock or sales of gm cars. 37 a share on gm, damages 2 cents today. Going anyway, microsoft is getting 18000 jobs, mostly in its no caps division. Its going to take a 1. 6 billion charge, but the stock is at i think a 14 year high. Earlier today was mortified and a change in now its 44. 60 read whenever i do on the stock. Ge, looking for a buyer or its a appliance could raise up to 2 billion. No impact on the stock. I have a headline for you. Mattel, it says barbie sales are way down and so is the stock. Reporter barbie sales are way down, down about 15 . The drop we have seen them barbie sales is the worst we have seen in five years. Coupled with the fact that they have bishop price under their control and that is 11 quarters in a row of seeing drops. Fisher Price Strength is coming out of American Girl dolls and that is what area doing well and some of the frozen dolls they have been manufacturing, which complete against her own product, so those are two areas of strength for mattel. They have other things, polly pocket know that, but barbies the big headline. Stuart i have a report that says xbox sales have doubled. It seems like kids are playing games for sure. Barbie dolls not so much. Reporter is you later barbie. Stuart local, we will be back shirley. A new poll, charles will not like it. 62 of voters who own stock believe the market is rigged in favor of insiders are people who know how to military the system. You talk about this all the time, charles. It seems that kind of polling result is what is keeping people out of the market and out of this rally. These are people who are in the markets. They have a point, i mean, 99 now, but i think the word rigged is wrong. They are shenanigans. On my show last week a prime example lumber liquidators. This is a stock it made a lot of money on it and we have had him on the show. The stock was straight up and started coming down, so obviously people knew this was a momentous time. All the sudden rumors come out that they will be taken over and transport times the average volume and goes up in the next day crashes and after that it crashes even more. Dont you know some professional people who know how to manipulate the system put the news out there in the rumor out there and sold bunch of stock to the main street. These shenanigans go on all the time. Even better shenanigans. We have potato chips on the set. [laughter] maria bacon mac cheese, cappuccino. You want to does and im bringing them to you. Stuart i heard this voice coming behind you and i thought oh my. I thought hes quite get shot. Maria now, i brought you chips. What about me. Maria he said thats what he wanted so i said im bringing it down, so im here to deliver. Have a good show. Stuart im glad you didnt shoot me. We have run out of time, charles. We made the point. Stuart please everyone check on the share prices of time warner, please. This is the day after its bid from 20th century 21st century box was dropped. Thats the stock now, 86 and change. Big tech cubbies like google, apple, amazon have the cash to bite time warner and then their names are servicing as possible suitors. What are the legal issues standing in the way if they want to make a bid for time warner . Richard roth is here. Hes an attorney knows about this. Welcome to the program. Thank you. Stuart you have to forget about charles, thats monica. To buy the one that interloper there. Forget ruperts bid for time warner for a second , what would stop legally the google and amazon. They have the money, what would stop them from taking time warner . Nothing would stop them, but there how are comedies that have provisions that try to prohibit this hostile takeover. Like a poison pill, which essentially is set into the comedies bylaws , which essentially provides if a suitor comes in in a hostile fashion it actually favors the share price of the people who own the stock prior to and can opt in or out. Stuart a poison pill . Time warner does have a poison pill and other Companies Listen time warner is well representative. Time warner is in and play. Stuart that they hostile coming to hostile, if they google came in and said 100 a share, that aint hostile. They would love it. The border directors at time warner have to make a conscious decision that does this benefit our company and time warner has tremendous contacts. Google and amazon may be a great, nation with a time warner unlike box where you have the same content molding into one. A google and amazon, this is a new business for them, so he could very well be a good play and time warner is hot for the bidding right now. Stuart time warner definitely play. They got rid of time and warner cable. They shut aol and every one knows that terrible story. They are a Good Business and the risk is if you said the bad in your in place. Stuart you are not going to make a production, but you are telling us with a smile on your face that company like google, amazon is a defeat. What is it . Australia has dumped its carbon tax. The first big retreat by a major country and it did it right before the next un climate summit. We are on that one. Then there is jail panamanian Manuel Noriega suing activision over is called duty game. The limits of the game damage his reputation. Hes a murderer and he wants money. Not laughing money. We will be back. [bell rings] time and sales data. Splitsecond stats. Its so close to the options floor, youll bust your brainbox. All on thinkorswim, from td ameritrade. Stuart this is rather sudden, a couple minutes ago we were down about five and now, we are down 50. Charles is not have a reason for this. He simply says there are more sellers and buyers. We are down picket opening came all the way back and now, we are down again. Not sure what it is. Stuart youre thinking about it. You are an honest guy. Alibaba is planning on launching its ipo after labor day. We never yahoo owns a piece of alibaba and that is why we check on yahoo stock whenever we mention alibabas ipo. They met morgan stanley, profit nearly doubled. It was held by a tax break and the stock is dead flat, up one . The peer and kfc and taco bell says profit rose almost 20 because china sales continue to improve. Yum brands as they appear coming, but its down to 5 at 77. Next up, this is mind to rotation in my opinion. A huge defeat for president obama to read why . Australia is scrapping its carbon tax. My, not good for you and ministration. You explain my opinion for me. Therese austro you did this is because it has no discernible impact on the climate or environment and its proven to be so and you cant institute this kind of carbon tax when countries like china and india with massive industrial countries putting all of this pollution into the environment and if they are not abiding and regulations that has no discernible impact and its pretty Great Australian economy, so they did the smart rational economic thing. President obama now talking about initiative that doesnt even rate in the latest gallup poll, which is Climate Change. They are going into that new competent Climate Change and this is stabbing the ministration the back. No one is doing this stuff he is putting thousands of american our work for no reason at all. Despite ball. It is meanspirited. It is one of the worst things he has done in office. Stuart i bet you there is a ton of green in new york city that will give him money. But, what about these the people in West Virginia and all throughout the country who have lost their jobs. By the way, those people dont have the skill set to make that money anywhere else. Their kids in futures and dreams also. Stuart but they switching gears look at twitter stock please. Civil rights activist are using twitter to pressure the company to release figures on the diversity of its invoice. All right, judge Andrew Napolitano is here. I the legal question. Does the law require any company to give a racial breakdown of its employees . With the law requires stuart, good morning and its nice to be with you. Im coming from south of the border. The law requires federal law requires all employers in the United States of america on the more than 100 persons to keep records of the racial ethnic and gender makeup of their employee force. They are required to keep those records. It doesnt require them to reveal them to the public. It doesnt require them to reveal them to the government unless the government in some unique circumstance is looking for them. Stuart why does it have to keep those records in the first place . Because the law was written by the same mindset that wrote the nonsense you were just talking about with the Climate Change. Its written by progressives who want to tell not only all of us how to live, they want to tell us how to earn money and tell us and our employers had run their businesses. Stuart so the civil rights activist who have gotten inside twitter and are demanding the racial profile within twitter that within their rights and they are basically shaming the company into going public with who they employ. Yes, nicely put. They have the right to ask twitter for this is so long as one of the people doing the asking is a shareholder known as a shareholder and they dont have the right to ask anything. But, twitter of course, has a right not to give it. Prediction, twitter like everyone else, Jesse Jackson and his crew go after will cave in reveal. Again, this is statistical information. This is not personal information about individuals. It will just ask percentage are this race and ask percentage of that race. Stuart im sorry judge, i have to move fast on this one. I do want your comment on it manuel more you got suing activision of duty game in which noriega says hes unfairly betrayed as a murderer. Does he have a case . Well, his i know this sounds ridiculous because he has been convicted of murder and hes 80 years old and he has 19 years to go on his sentence in panama, a country he once ruled as a dictator, but his real complaint is that they are unfairly expropriating his face. Stated differently, making money off of his image without compensating him for it. You would super that if they did that to you as well, mr. Ronnie. Stuart and unlikely event. Yes, i suppose i would. Answer the question, judge. Will he went . Can he get money of activision . I think he can get the money out of activision. I dont know what he would do with the money with a panamanian jail, but under the law particularly in all 40 where he has filed the suit he has a good chance of prevailing. Stuart im not sure where he is in prison. Panama. He has served on the terms in florida, a short term in france and now he has 19 years ago in panama. He just turned 80. Stuart by the way, you said at the beginning of this segment you were south of the border. You are not mexico the mac no, no, i said i met south of the new jersey border. Im in dc, this crazy town see what we just got flooded with emails wondering what you were doing their. [laughter] i was with you in the makeup room two hours in new york. Stuart we always get together and the makeup room. Thanks, judge. Weird al yankovic, king of content by the way still on the top of his game. Highlights from our interview with weird al, next. Hard it can be. How. 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. Spiriva handihaler tiotropium bromide inhalation powder does not replace rescue 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 can get hives, vision changes or eye pain, or problems passing urine. Other side effects include dry mouth and constipation. Nothing can reverse copd. Spiriva helps me breathe better. Sfx blowing sound. Does breathing with copd. Weigh you down . Dont wait ask your doctor about spiriva handihaler. 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 thats why i always choose the fastest intern. R slow. The fastest printer. The fastest lunch. Turkey club. The fastest pencil sharpener. The fastest elevator. The fastest speed dial. The Fastest Office plant. So why wouldnt i choose the fastest wifi . I would. Switch to comcast Business Internet and get the fastest wifi included. Comcast business. Built for business. Could help your business didavoid hours of delaynd test caused by slow internet from the phone company . Thats enough time to record a memo. Idea for sales giveaway. Return a call. Sign a contract. Pick a tie. Take a break with mr. Duck. Practice up for the business trip. Fly to florida. Win an award. Close a deal. Hire an intern. And still have time to spare. Check your speed. See how fast your internet can be. Switch now and add voice and tv for 34. 90. Comcast business. Built for business. Stuart just clapping along with the roots of or trying to i just cannot get enough of that video. One of weird al yankovic word rhymes. He is releasing a video per day online. That is how he makes his money. Today is day four. What is wrong with the following sentence. My mother told me to run to the store. The internet consumes things very quickly. The best way to advertise my new album is every single day of release week, i release a brandnew video. Stuart can i be in your video . You want to be in a video, but you will not provide a dance move . I have to show you my Business Card now. Time warner is so valuable. 80 million. It will take a whole lot more. They are kings of content. [laughter] stuart i think he is a terrific guy. Here is another example of content for you. The nfl. Their gains. Listen to this. Direct tv will offer any Football Game that you want to offer this season, offer it directly, streamed to your phone or your tablet. You do not even need a direct tv subscription. Charles i wonder if i get a discount . Stuart pay them 200 you have it there. You could go to your cousins christian name and watch the nfl game and church. Charles i accept the invitation. See you in a couple of weeks. Stuart anywhere, anytime, any game. This is where it is going with them. Congratulations for this. Treasury secretary jack lew. He calls it economic patriotism. He calls it fair share. We go to capitol hill after the break. Shingles affected me tremendously as a pilot. The blisters and the pain in my scalp area and down the back of my neck was intense. It would have been virtually impossible in that confined space with the rash to move to change radio frequencies. I would just stop and literally freeze up. I mean it hurt. I couldnt even get up and drive let alone teach somebody and be responsible in an airplane. When my doctor told me that shingles came from the chickenpox virus i was very surprised. For two weeks i sat up in bed because i couldnt lay down. I had the scabs all throughout the side of my head and into the upper neck region. I didnt want to do anything except go to sleep and have the pain be over. As a pilot that meant i was grounded. Its one of the Fastest Growing crimes in america. In fact, theres a new victim of Identity Theft every. Three. Seconds. So you have to ask yourself, am i next . One weak password could be all it takes. Or trusting someone you shouldnt. Over 100 Million Consumers had their personal information stolen in recent retail store and Online Security breaches. 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Thats 2 months of proactive protection to help keep your identity safe, risk free. Act now and get this multidevice charger. Charge all your devices at once to save you time. A 30 value, free call the number on your screen or go to lifelock. Com easy. Try the most comprehensive Identity Theft protection available risk free for 60 days plus get a 30 multidevice charger, free. Enrollment takes just minutes. Your protection starts immediately. Call the number on your screen or go to lifelock. Com easy. Stuart every now and again charles represents a stock over a company. Here is what he has today. Alcoa. Charles alcoa was at eight or 9 per share for a decade. Charles look at this chart now. It has come to life. Look at that. I still think it has a long ways to go. They have the right industries. The aluminum being scarcer. I think they have pricing power. Alcoa is becoming a great looking stock. You know what, it is a lesson on life. A lesson on how to run a business. Stuart i do have breaking news coming from reuters. A plane crashes in ukraine near the border. No word yet on why it came down. It did in a very sensitive part of the world. Treasury secretary jack lew calling on congress to crack down on tax inversions. We have a senator joining us from capitol hill now. The great divide is taxes. On the left they would not be caught dead cutting any taxes, on the right, you want to cut them off. Senator baucus, we have the highest Corporate Tax system in the world. That is why companies are looking at these obligations. We should be doing everything in our power to make it attractive. Most of which have been supported by the democrats. I have not even seen a response. This administration is not doing what it should do. Talking about economic patriotism. Stuart 2. 1 trillion stashed overseas by american corporations. It does not come back here. If it did, it would be attacked at a 37 rate. It does not come back here. Twenty25 . Could we do that . We cannot get the administration to even suggest that. We have an administration doing a sickly nothing. We have to have leadership from the white house. I know this, we are considering getting it done. Without the white house weighing in, it will not work. I should not say they have done everything. They have done what they can do to provide an economic client here were Companies Want to stay here. They are willing to sit down and work with congress and get these matters straightened up. It is not all that has to be done. There has to be other things as well. Stuart American Companies leaving for taxes overseas. Do you think we are about to see a spike . They have a fiduciary obligation. We are doing everything in this country. We are making it so they will go overseas. What is the answer to it . Forcing them to stay here. In fact, that is just a sign they will go overseas. They can make their corporations work. It is pathetic. We have no Economic Leadership in the white house. We would do a lot of things. I was Ranking Member worked very, very hard. Stuart a man of restraint that rarely uses the word pathetic, but you just did. Stuart i will break again after a second here. A malaysian in passenger plane has crashed in ukraine. 295 people on board. It is said that the airliner was shot down at low altitude. It happened about 10 kilometers above eastern ukraine. We are seeing a drop in airline stocks. Charles, does this have anything to do with the pictures coming in on the market . Charles we could drop a lot more. Ratcheting up this thing with greater sanctions against russia. This is an absolute disaster. Deliberately brought down. Stuart down 44 points on the Dow Jones Industrials. We will be back with more on the markets and Everything Else that is happening in a moment. [ 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. Charles we have a fair amount of Economic Data coming out this week. It is down 9. 3 from may. Actually the lowest from september last year. Down 3000 from the prior week for jobless benefits. Mary ibarra returns to capitol hill. Lawmakers are did to ask what she is doing to change the culture that remains it to be hidden from car buyers. General motors also plans to announce its review of the handling of the litigation. The first family robot. This one is a family one. Youve reached the age where you know how things work. This is the age of knowing what needs to be done. So why let erectile dysfunction get in your way . Talk to your doctor about viagra. 20 million men already have. Ask your doctor if your heart is healthy enough for sex. Do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. Side effects include headache, flushing, upset stomach, and abnormal vision. To avoid long term injury, seek immediate medical help for an erection lasting more than four hours. Stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or hearing. This is the age of taking action. Viagra. Talk to you doctor. Stuart i want to update you on that story of the malay she and airplane. It lost contact near the ukraine border. Ukraine, russian border. 295 people on board. A noncover mental news agency that comes out of russia, it says the airline was shut down. Market reaction of any kind, please. Absolutely. We have seen the vix, the fear index moving higher. You can really see on and intraday chart that we lost about 30 points. There it is. You can see from top to bottom. One of the traders asked me if i had heard about it. At that point, i had not. Traders all over the world may have gotten a touch of it. Right now we are starting to see the markets recover some of those losses. Look at the airlines. What a big dropoff. United is down over 2 . The delta intraday chart was very much like the dow. You can see us recovering from the losses. The markets doing better. Certainly a dramatic selloff. It is recovering now. Stuart we will not do any speculating here. Thank you, nicole. This is jeep oh. Want to be your Families First robot. It can take photos. Tell a story to the kids. We will tell you exactly how it works. Welcome to the program. You are a professor at mit did you kind of spun off your scientist expertise. Let me see if ive got this right. It is a small thing did it does not walk around. It sits there. It can take photos, said messages, tell stories to the kids. When it retails, it will be five or 600 a piece. Do i have that right . You are right. It is around 500. When we go mass production in 2016, we are targeting the price of a height and tablet. Stuart is it a toy or is it something that i will have on my desktop . It is absolutely not a toy. It is also going to entertain you as well. Taking photos is very different with how you take photos with your smart phone or camera. It acts as a partner. It plays a role for you rather than being a tool that you use. You take the picture. You have to get back into the action. Now, me as a busy parent, i can just tell them to take photos. Stuart i could ask it a question, for example. And open developer platform. You can expand the capabilities. It comes with other things that you mentioned. Helps you stay coordinated. An developer community, certain information apps, whether apps, all of these things will be enabled. Stuart i am just trying to get to grips with this. The breakthrough, it plays his role in my life. It is not just an object that sits there. It has a role in my life. It is act give. I am not sure i like it. Do you use one . Well, i have been doing work in social robotics over 15 years. Yes, absolutely. We are so busy. Even things that are more delightful. Stuart have you got one . It is under development now. I do not have the final in my kitchen yet. Certainly, developing many, many robots. Ive got a pot of experience. Stuart you have to come on down to new york city. They will have to have a role in the show. You will love it. Stuart i do not have romantic attachments to roll that. I just dont. Come on down. We will see you soon. We have to break you the news on the malay she and Airlines Plane that crashed. This is an intense situation. 295 people on board. We do not know what it came down. Is it therefore dependable . They are saying it was shot down with a missile. Right. It is a relatively reliable news source. It is not controlled there is a level of dependence there. It is an airline that was lost. Stuart that could be totally coincidental. Yes. They are having a bad day. Charles i do have a tweet from ap. It was shot down by a missile from a launcher. It was designed to go after crews missiles, drones, small aerial targets. More of a defense measure. Stuart repeat that source. A ukraine official . Charles that is right. Stuart it would seem to me that if it was shot down by a missile, that would imply real jitters for the Financial Market which, actually, we have not yet seen. We are getting reports from this ukraine official. I am not calling that and extreme reaction. In the last 24 hours, it has gone up dramatically between the west and russia. What we have seen their combined with this is really making it a very scary thing. Stuart one of the most reliable and timetested planes in the air. It was flying from amsterdam to cornwall alone for. A malaysia and airlines flight. You are looking at pictures of the surrounding area. I will not call that a big reaction to what we have seen. Okay. That is the very latest that weve got. No comment from boeing. No comment from them at this point. Got it. That is all we have at this moment. Senator elizabeth warren. Crusader against income inequality, that would be. Blaming the rich. Make the rich pay. We have someone that was at that speech. She will be with us. New at noon. The rich are great. The second hour starts two minutes from now. 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 stuart keeping you up to speed on this breaking news. 295 people were on board the flight that crashed. It was coming from amsterdam. Going to the capital of malaysia. Interfax, let me explain what interfax is, a nongovernmental news agency out of russia. They say the airliner was shut down with a ground to air missile. We have a ukrainian official in ukraine that says it was a book missile. Interfax says it was fired by separatist. That was simply the expression that was used. Consider the source for all of this. Nonetheless, it has come down in a very sensitive area. All kinds of implications. When this news came out, and this was roughly 25, 26 minutes ago, it turned around to the tune of about 30, 50 points. I want to try to go through some of the other markets for you. I must say, a 16point drop for the dow or an 11point drop for the s p 500 is not and extreme reaction to what may be a political incident in a very dangerous part of the world. I am trying to get you the price of oil. It was up for this happened. I want to bring you the price of gold. Look at what weve got. 822 per ounce rally is there. K. T. Mcfarland joins us now on the phone. You have heard what weve heard. You know what we know. Your inputs so far. Ukraine certainly feels the same. The russians do not want to do anything over and aggressive. They are having this socalled phony wars. Now, that is the context. On monday, in other words, three days ago, the russians did shoot down a ukrainian cargo plane. We have the ability to see these signatures. You can see that the ukrainian cargo plane was shot down. In other words, the russians shot down something on monday. A few minutes ago, we had this second reaction. I do not understand what the russians themselves would be trying to do. Stuart a ukrainian official quoted. They say it was a missile. Interfax says it was fired by separatist. Who do they represent . In eastern ukraine, there is primary eastern speaking. They are not wearing russian uniforms. They are provocateur. They are fighting with Ukrainian Forces. Stuart this is rather strange indeed. Now, russian separatist are allegedly, it is alleged that they shut down this plane. What would have been the object of these shoot downs . If it is accurate, the russians shoot down a ukrainian cargo plane a few days ago. The west will not intervene. The russians would escalate it. I think what it may be is the separatists have shot it down in order to force them. Maybe they shoot it down feeling that then ukraine will react. Stuart kt, will you stay there on the phone for us for just a moment. Stuart the dow dow is now at a session low. Believe me, it is falling because of this malaysian shoot down. I want to go to peter barnes in washington. Do you have any reaction thus far from the white house . They will address this incident from the podium at the state department. I am not sure how much detail we will have. Josh earnest is expected to talk to reporters on air force one in the next few minutes. The president is on his way to a speech on infrastructure. As soon as the plane lands or even before that, we will be able to report on the president s reaction, if we get one. Stuart thank you very much, indeed. Regular state department briefing. Stuart i want to go back to kt. You told us that our technology here in america, we were able to see the cargo plane, would we be able to see, using our technology, if it was indeed a missile if it was indeed shut down. Yes. Stuart we would know by now, for example, if the shootdown was an hour ago, we would know by now where the shootdown came from. That is highly classified information. We do have the ability to do that. Stuart okay. We do have the capability of looking at what has happened. We can do that. We can. Stuart would it be that nsa that knows this . They are the ones that have the satellite. They will get a briefing on this subject. It will be part of the state department briefing. I am just wondering, what type of a missile would be able to bring down a plane like that . Can you talk a little bit more about it. Obviously, any advance country would. I think we can rule out, i really do not have enough technical background to speculate. This is sort of a technical question. We have a report from an official. They said it was a talk on june missile. Kt, would you stay there, please. I want your expertise on the line for a second. Pat is in reaction to this malaysia plane. The price of gold is up about 22 an ounce. We have tim with us right now. The former governor of minnesota. You have been in this situation. You have looked at this incident. What is going on in washington right now . I think people are trying to marshal the facts. If they can determine the origination of this missile being fired. It was fired by separatist. Even if this missile originated outside of russia. It will be a provocative act. It underscores the danger of these escalating events. It would be even more provocative if it was inside russia. Stuart a true escalation. K. T. Mcfarland was telling us a couple days ago, a missile was fired from russia. Now, we have reports of a missile shooting down a malaysian plane. It was shot down, it is reported that it was shot down on the Ukraine Russian border. A very intense area. And escalation of the crisis in that area. Stuart there is one but no. Lets say you had some separatist that had this kind of missile in they mistook this plane for some type of other, like a drone. It may not have been their intention to shoot down a passenger plane. A very provocative act. We need all the reporting before we can make a judgment. Stuart we are trying to get a handle on e happening. Scott, joining us from the cme. This kind of thing happens. You get a Financial Market reaction. What is the reaction thus far . The stock market will look for things to sell off. I think it will be a buy. That part of the world gives us a lot. I stood there and watched our market go from minus 0. 05 on the day to up on the day. A four and 5 move. Leaving on a tear to the upside. That is fascinating. That is an extreme reaction. Really remarkable. Hold on for a second, scott. A malaysian plane, on its way from amsterdam. It was reportedly shot down in the area of the Ukraine Russian border. 295 people. There have been serious reports from various employees from interfax. They say it was shot down. Officials say it was indeed shot down. That is what we have thus far. A senior administrator official has been briefed on this. There are no further details according to this official. The president is on his way to wilmington delaware right now. We will stand by to see if the president plans to address this. Stuart thank you. Mr. Ambassador, this seems like an escalation. A big and serious escalation for what is going on. It certainly will be a tragedy. Before we jump to the conclusion that war is about to break out, never underestimate stupidity on the part of local commanders. This could well be the russia separatist in ukraine. It could be a russian jet that made a mistake. It is obviously very tense in that region. I think we just do not have enough information to come to a conclusion. The odds are from it is from a russian or russian separatist source. I do not think that means an order came from moscow to do this. I think back to korean air lines jet shot down by the russians on the way from new york to seoul back in the Reagan Administration in 1983. It was a tense moment. An active real foolishness. That could well be what we have at stake here, too. Stuart can i just get some background here . Talking about eastern ukraine. Dominated by russians. Fighting a losing battle thus far. It is allegedly that group which allegedly shot down the malaysian plane. They are backed by the russians under putin. Is that accurate . That is right. Military operations have been increasing. A fluid situation. Where are we now . It is really important to know how we have sold off. We have been following this story for a little less than an hour. I wanted to bring to your attention, the fix. Certainly a gauge of nervousness on the market. It was down about 2 . Since then, it went up to full points. It was up 16 . A huge move. Thanks to our senior editor, the job is the largest we have seen since february. This is a big move. It really is very telling of how important this is to our market. Stuart what should americas secretary of state be doing right now . What is going on. He ought to have another call in. You know, stuart, what i would say here mostly is steady on. We do not have enough fax. That we have is this tragedy. Stuart ambassador, that is an interesting question. Why would it be a boeing plane shot down . Never underestimate stupidity. It could well be that you got these russian separatist in ukraine with this surface air missile capability. They fired thinking perhaps this was a ukrainian bomber. I will certainly not try to see a psychologist for that group of people. I think the things to look for is whether we are seeing a more general mobilization. Anything other than an indication this is a one off mistake. The bbc reporting that the ukraine has accused russia of supplying advanced missiles to the ruffles. What do you think russians Decision Making was . What are your thoughts on the russian Decision Making process . Supplying the ruffles with such advance rates. I think putin is playing a very complicated game. At the same time, he is pursuing a diplomatic path with ukraine and europe and the United States. My guess is that those have been supplied to the separatist. As we can see, that turned out to be a very bad judgment on the part of the russians. Because a part of the possibility that they shut down a completely innocent civilian aircraft. I think there should be no dow board by the russian policy. I am just saying here before we jump to conclusions that there is more to it than stupidity. Stuart i think we still have the governor, former governor of minnesota with us. I will ask a totally political question. I do not want it to sound facetious. President obama is booked to attend two fundraisers in new york city today. Do you think he should attend . It may be a circumstance where he needs to pull down his schedule. Gathering the facts in a way that mr. Bolton just reference. Make sure you have the facts before you make any announcement. Saying something about this. If you have the facts, you may well do so. The world is watching. It would seem to be disconnected from that concern in reality for him to be at fundraisers. Stuart absolutely. He should absolutely cancel his fundraisers. Stuart let me go back to the markets for a second. We had an immediate reaction. Just about an hour five, and hour 10 minutes ago. At one point, we were down approximately 90 points. That is not a severe reaction in an index that is measured in the 17,000 range. The price of gold, a few moments ago, we were up 22. 19ounce higher. In other words, the Financial Markets are pulling back from that negative response of what is going on here. It was there before this announcement of the plane came down. Let me just repeat what weve got here. A malaysia and airliner, a boeing triple seven was on its way from amsterdam to kuala lump it was shot down by a missile. Interfax reported that it was shot down by a missile at altitude, that was the expression that was used. It was shot down by separatist. Separating from ukraine and joining russia. They allegedly shut down this civilian airliner. Sir, your response to what is going on. Your analysis, please. Right now it appears obvious the Russian Military screwed up. Thought it was a Ukrainian Military aircraft and shot it down. We do not know whether the Malaysian Aircraft strayed into that place, but, it is also just not possible. Why . The air defense weapons that russia has given our shoulder fired. They do not reach an altitude of 34,000 feet. This was shot down by a large air defense unit. It was picked up on radar. This identified in a large air defense. It was a ukrainian separatist. This was unquestionably stuart you are right, if it was indeed the Russian Military that shut down this plane at altitude, that is a very significant escalation of it all. That is a military operation. Shooting down an unarmed civilian airliner. That is a significant as you know, the global media covers one story at a time. The story has been gaza and israel. During this crisis, the russians have been shooting down Ukrainian Military aircraft. Cargo aircraft, fighter aircraft. Helicopters. Some of them are shut down by separatist. Really up of 15, 20,000 feet. They can only be shut down by russian heavyweight officials. This is calling the worlds attention back to this. By the way, all of those russians have commando forces. A bunch of clowns that do maintenance with sledgehammers. I am not surprised that they would make a mistake like this. No other reason. There is no way the russians would purposely shoot down an airliner. They thought it was a Ukrainian Military aircraft. Stuart if it was a mistake, of course it was a terrible tragedy. It is not as bad as a deliberate act by the Russian Military. No, it is not. It lets you knowhow looseygoosey the military is. You make the same kind of mistake. Again, the russians have some elite forces. Most of the Russian Military is poorly trained. Sloppy as can be. This is not a mistake that was made at the highest level. Probably a mistake made at the local level. The radar picked up this aircraft. It could not identify. They shot it down. You have been a harsh critic of president obamas policy. Do you believe that the president handling of Foreign Policy and really the ignoring of russian forces, shooting down some ukrainian planes this week, do you think that whole environment has encouraged this kind of development . Yes, it has. They are shooting everything out of the sky. With that said, i was pleased that obama imposed additional sanctions on russia. They were too late. Still too light. Give him credit. He did step in the right direction. He said his military policy. Obama does not have a military policy. Obama came to office despising our military. His promise was to end our wars overseas. His position has been publicly that the military is not the answer to every problem. The problem is and he has now decided that the military is not the answer to any problem. He never wants to use the military. I am not suggesting he should have used it against russia by any means. Protecting this weakness, certainly, it encourages people to feel they can act like this and put in is acting with imputed the. Stuart thank you very much for traveling with us on such short notice. Thank you. To peter barnes with more news out of the white house. Russian president Vladimir Putin. Discussing the new sanctions. The call was requested by moscow. Josh earnest is talking to reporters on air force one. A speech later this afternoon. However, it appears that this call happened, we presume, before the reports of this down Malaysian Aircraft started to come to everyone here in washington. It is unclear if they talked about that. Secondly, the state Department Spokesperson tweeted out that at this time, the u. S. Does not have any confirmation on the cause of this crash. Scott, do you agree that they have been restrained . I do. However, there is so much money still left out there. We are not getting these pullbacks that we want to talk about. I want to talk about it as an opportunity. At the end of the day, we have a big stop underneath us. When we see this, people will come in. That is why the market is acting how it is acting. Thank you very much. Before we say goodbye to you, governor. It would make no sense for russia to shoot down a civilian airline. I think they would be well served by just coming out and telling the truth. Their credibility is already so badly damaged. To try to de escalate, the truth would be helpful here. Stuart thank you very much for joining us on a very busy day. More news on this development and the market in just a moment. My mother made the best toffee in the world. Its delicious. So now weve turned her toffee into a business. My goal was to take an idea and make it happen. Im janet long and i formed my Toffee Company through legalzoom. I never really thought i would make money doing what i love. We created legalzoom to help people start their business and launch their dreams. Go to legalzoom. Com today and make your business dream a reality. At legalzoom. Com we put the law on your side. 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. Shootdown of a malaysian jetliner on its way from amsterdam, shot down on the russian ukraine border. What you are looking at on the left of your screen is president obama who has just arrived in delaware, on his way to make a speech on infrastructure in delaware. He will then leave delaware and come to new york city where he is booked to do two fundraisers. Whether or not he does those fundraisers after an incident like this we do not know, but this incident occurred an hour and 20 minutes ago. That is when the news broke here. A minor selloff, we are down 80 points, 90 points at one stage, this is a moderated response to the shoot down, this apparent reported shutdown of the malaysian plane. The price of gold went up 25 an ounce. It was a somewhat restrained market response to what we have seen. Liz macdonald has more. Liz this is according to government officials i talked to. The u. S. Will have available to the it is two sources in the government and people who are responsible for this information satellite imagery indicating that can identify the ultraviolet plume to show whether or not it was a longrange missile shot from the ground. Stuart american authorities will know at some point in the near future the nature of the shootdown. And number of Ukraine Military planes have been shot at and shot down by rebel forces as well. Stuart oliver north is on the phone. You know this military stuff. I am glad you are with us because we need your expertise at this point. We have reports this malaysian plane was shot down at an altitude of 30,000 feet and if that is the case it must have been the Russian Military that shot it down, not a separatist movement using shoulder fired missiles. Does that fit with your military knowledge . Yes. You are six miles in the sky travelling at something in excess of 600 miles an hour and will be out of a range of most of the man thats as theyre called, man portable, search and stair missiles. The interesting thing on this, and it wasnt an accident, the fact that there are currently no maps published for that area. I did a quick check as i drive down the highway, i would not be violating any rules. Just in case someone is listening. There do not appear any thing issued. It is a problem for ukraine and the russians. It is the responsibility of those governments to notify the International Aviation authorities in geneva if there are difficulties on the ground to cause some kind of problem for aviation and that includes recovery plains. And every one of the gps displays in modern aircraft you are shown on the screen where an aircraft can land if it has a problem. Emergency air fields. Clearly military air fields that are under fire or in combat would be inaccessible to commercial aircraft so both those governments need to be on top of this. Hopefully what mr. Obama is not going to do is Say Something as volatile as the comments he made yesterday, increasing sanctions. Vladimir putin had to have thwarted those missiles, it requires sufficient training for people to operate them even if they cant do the identification friend or foe just to get this thing elevated and along of trajectory as the guided missile because that is what it really is. Let me bring you up to speed on the statements that have been made. Ukraines president is saying it is not ukraines forces that shot this thing down. A nongovernmental news agency, it was done by separatists. It could not have been the shoulder fired missile, most of been the Russian Military using heavier weaponry because this plane was a 30,000 feet and was the Russian Military that did it. My speculation i have forgotten your rank, what is it . I can work with it. Pettersson and ive those colonels. I once called you a general on the air. Im going to call you a colonel. The speculation is this must have been a mistake on the part of the Russian Military. Why on earth would you shoot down an unarmed malaysian civilian airliner . In addition to the identification friend or foe which is built into these Weapons Systems to include the surfacetoair missile as native and data describes it. If the russians turned over to the separatists, i would be very surprised they turned this stuff over. It is different from driving a truck and operating a heavy machine gun. We know they turn those things over. I cannot imagine the Russian Military would have simply hand off both antiaircraft missiles without some degree of advisers on the scene, whether it is a mistake or not, the fact is they should not they should have known whether that plane was hostile or not. I dont when you getting arrested for using a cellphone as you are driving around. And dave nelson is a financial analyst. This is a commercial airliner, a Malaysian Airline on its way from amsterdam, it would be flying at 30,000 feet. This is important. This one was at 10,000 feet. Is that the number we are talking about . Stuart 10,000 meters. It would be at 30,000 feet and as the report has said and a lot of military experts have weighed in, it would be unlikely it would be at shoulder harness missile, more likely a surface to air or some sort of fighter jet. Stuart that is normal . 30,000 feet is normal. The 777 as an excellent Safety Record so for me as the pilot and what i know of the 777 is unlikely to me that it just exploded in midair unless there was something seriously wrong. Stuart shootdown is likely. The boeing triple 7 has been around long time. Excellent Safety Record and i have flown with a lot of pilots who are former 777 captains and they have nothing but laudatory comments on the plane. Stuart hold on. To Nicole Petallides on the markets. Nicole the first thing we should know is we had some big moves on the markets, are we down 300 points, 5 and the points . No. It is the middle of july, there is an active trading going on, no doubt, obviously in reaction to what we have been seeing since 11 00 a. M. There is the Dow Jones Industrial average. The dow hit a high of 17,151, it was up 13 points only to move down almost 100 points. Where do we see money going . Money is going to the safe haven of government bonds, treasury and the safe haven of gold and aerospace and defense stocks higher and the vix, the fear index shooting higher. Was sold off . The market sold off, general markets, airline sold off, boeing sold off, but in the last 12 30 minutes ago, there has been some heavy volume in trading on boeing, so much that after being down 0. 65 it has moved back into positive territory which brings me to my trader comments. I have spoken to several on the floor. One said wait, i am not touching anything. Another group i stepped into their. The phones started ringing after 11 00 when headlines first came in that everybody jumped on board. Investors are skittish, as they have been selling and are not ready to bite than that. One more trader said right from the first lay down to buy what you can. Call the client and said to buy now. A brian gay cell. Stuart i want to pick up bonds that. When you get this kind of incident you often see a spike down in prices. It wasnt much of a spike, maybe a hundred points but it was down and then you have people thinking this is not going to last and often it doesnt. Is not a prolonged selloff. It doesnt last weeks on end. It is a momentary thing. A lot of people jump back in again, they will buy because they think it will go straight back up again. The limited downside move. Nicole when we get tough economic headlines from janet yellen for something to that effect and the market moves and does what it does this has a little bit of the uncertainties that wild card, what exactly happened . That is where traders have to make a decision, which won am i going to do . Am i going to buy, weight or sell . You cant be sure where the next deadline will be. Stuart i have a market expert here. We want your expertise because this kind of thing does happen, an incident happens on a fairly frequent basis and you get the selloff. 9 times out of 10 i got to tell you within a few hours, certainly within a day, and we go all over again because the buyers of come in on the dip. Geopolitical events cause this type of reaction. Is a kneejerk conviction, for an investor how is this going to impact the economic of the company . A single Malaysian Airline air going down, being shot down on the other side of the planet wont change the prospects for procter and gamble. Stuart we have the president of ukraine saying it wasnt Ukrainian Forces that shot this thing down. No word on mobilization. We dont know how much we dont know. Liz this happens to be a rare event, for commercial airliner to be shot down. Only the fourth time in history, the presence of the with korean air lines shot down over the soviet union, straight into the space, for 83 and the navy with the iranian air flight shot off of the it ropes in malaysia, russia, the ukraine, the geopolitical issues that the markets are now digesting and the question is the rarity of the event and the geopolitical nature of it with russia involved and other countries involved besides ukraine. Stuart good point. That accounts for the kneejerk initial reaction. Liz we dont know what the overhang was. When the other commercial airliners went down or were shot at in 7883 there was a market longer than a day. Stuart if i and an investor like you i got to figure out what happened, i need to wait for news outfits like that one. If theres a mobilization of troops in ukraine or american response, if the situation escalates of want to know about that. Theyre closer to the situation, we have been dealing with geopolitical events, and shenanigans on the South China Sea and markets. And we really appreciate military expertise at this point. What we have got so far from expertise we have marshalled on this program. We have got that the plane was flying above the altitude of 30,000 feet, it was shot down by a missile. It mustve been shot down by a missile from russian forces, not separatists and more heavy weapons situation. Does that jibe with what you know militarily. First of all, the missile was essay in 11. I think it was provided to the separatists who had been the last two weeks shot down three airplanes in that area on the ukraine so i think it is going to become evident that it was the russian separatists. We must all realize those are russian troops, not just every day guys. They were trying to shoot down the ukrainian transport, the misidentified it, with all those deaths. We do not know that. Everybody immediately reacts. And 3 other airplanes have been shot down in the last two weeks in that area by the separatists, this sounds like a potential plausible situation. Again, we have to stand by and watch and separatists are really russian troops. Stuart what do you make of this in terms of the importance and significance, the incident itself . Does this escalate . It is clearly going to put huge pressure on president putin, providing Weapons Systems of this sophisticated capabilities and he should bear the burden for doing that. These are not ordinary terrorists. When you have as a 11s, they, but bird but we call it essay, and and that is a significant mediumrange Missile System that is radar operated. So i think the fingerprints go back to president putin arming these separatists and i think the germans are going to have to take a much more balanced view and serious view, as well as our other nato allies. The direction it goes and the impact you talking about in the Financial Markets is not my expertise but it is clearly going to become a very serious incident. I was in charge of the search and rescue when cal 007 was shot down in 1983. I was in two stock Pacific Air Force headquarters. We had definitive information because of communications intelligence, that it was intentionally shot down by the russians, George Shultz as you may remember, made that evidence that the un. We will find out who did this and the fingerprints will go with the accountability but this is a serious incident. Stuart we should know very soon. We will have evidence very soon of exactly what happened, what kinds of missiles at what altitude. Fat we will know very soon. We have a statement from pro russia rebels, wasnt does, we didnt shoot it down. The Ukrainian Army shot it down. Let me wrap this up before i go to a commercial break. Dow agenda industrial average is down 54 points. Was down 80 or 90 points. It is a moderate stock Market Reaction to this shootdown incident. The price of gold went up 20 , 23 an ounce, now it is up 18 an ounce. What we have got is an incident, the shootdown of a malaysian jetliner, a very modest reaction on the stock market. We will be back in a moment. 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 stuart if you are just joining as we have news for you of a Major International development, incident, put it like that. A Malaysian Airline, a boeing 007 on its way from amsterdam shot down, reportedly shot down by a missile on the Russia Ukraine border. 2 legal on board plus 15 crew. Their fate unknown at this hour. The situation is fluid. The Market Reaction has not been severe or profound. Dow jones industrial average at this hour, this is an hour and 40 minutes after the first report of this incident down 50 points. The price of gold is up 18 per ounce. Joining us on the phone, mike baker, former cia covert operations officer. You have been talking to people on the ground in the Ukraine Russia border area. What are they telling you . It is what you described, a fluid situation. It is all speculation at this point. They dont have any clarity on whether this was shot down or if it was out mechanical failure. There were some initial reports, not necessarily based on anything but speculation at this point. You are at that point where you have to wait until something definitive comes through. Stuart i dont think it is speculation. I think it is pretty Firm Evidence that the plane was flying above 30,000 feet and would therefore have required here is where we need your expertise would therefore have required a sizable missile to bring it down. Not something you fire off of your shoulder, something that would be a more surface to air militarystyle weapons. Is that accurate . Most people when they think of Something Like this they think of the sting her or shoulder fired Weapon System that could take out a chopper as an example. Stuart that implies some military expertise behind it. Is not some dare i say ragtime bunch of separatists or minorleague crews that wants to this. This was military expertise, correct . Correct. It would be significant hardware if in fact it was shot down. Again you cant take anything off the table. This is one of those moments, the disappearance of the Malaysian Airline you just have to allow for intelligence to develop. Stuart that is what investors are doing and dave nelson, we commented on this. The markets are on hold. For the last 20 or 30 minutes as we tried to digest the information and get fresh, Accurate Information the dow has been down 50 points. Investors are doing what they said they would do, give me some facts, give me some hard news. Markets will react as fax come out. We get more information and is more dire than we thing, the market will be a severe reaction but this is what we have right now. Liz this is a geopolitical event that starts a pull back or breather in the market . I dont know. I think investors focus sometimes too much on the market and not enough on individual stocks. A lot of people sat out this market, these same reasons whether it is political at home or geopolitical overseas. We probably lost more missed opportunity than any loss. Stuart i am an investor in microsoft. Me too. Stuart i dont know where it is now. I am not going to be buying more microsoft or selling more microsoft on the basis of an airliner in 7. It makes you tenuous. Professionals like myself, i was going to buy that stock, maybe i will wait until tomorrow. Stuart you could also make the judgment this is a flash in the pan with no significance. Hardly a major stuart a buying opportunity. Stuart before we leave you, look at that. I open my mouth and we are down 50 points and staying there and low and behold that is not it is retracing. Stuart to summarize there is an International Incident with a Malaysian Airline is down, may be shot down. Reportedly shot down on the Ukraine Russia border. Stocks fell initially. We are down but not by much. Gold went straight up. We are up by not by much. Markets on hold. That is it from me. Dierdre bolton takes it. Dierdre we will continue to cover this Malaysian Air boeing crash on route from amsterdam, 295 people on board. Reportedly not confirmed yet but reportedly hit by out missile according to an adviser to ukraines interior ministry. Russian president Vladimir Putin just speaking with president obama about the crash. Adam shapiro has the latest headlines in new york. Peter barnes use in d. C. Phil flynn with us with the Market Reaction. Joining us on the phone ralph peters, a retired u. S. Lieutenantcolonel. I do want to start with you. What is the very latest. The latest is you have accusations on both sides. 295 people on board this boeing 777 aircraft, flight 17 which did, it appears, it obviously crashed, the belief is it was hit by a missile, flying at 33,000 feet when it was then