Stuart look at this, please, this is the trash left behind by the Climate Change crowd after marching through new york city yesterday. Plastic bottles, cardboard posters, all over the place. These are the people most concerned about the environment . I listen to what the head of the World Meteorological association said recently about carbon emotions. Carbon emissions good we know without a doubt our climate is changing and our weather is becoming more extreme due to human activities such as the burning of fossil fuels. We must reverse this trend by cutting emissions of co2 and other Greenhouse Gases across the board. Last one. We are running out of time. Ive heard that one before. As you and caps off climate week in new york, we bring in meteorologist janice dean. Is there a link between human activity and Severe Weather . I dont think we are going to know. We cant even get a five day forecast correct. Stuart you are not prepared to know . How are we going to know what will happen in a year, 10 years, 100 years . This is the biggest concern we should be dealing with right now. Stuart they are saying sandy, this form that did a lot of damage, killed people, they say that was directly linked to Global WarmingClimate Change human activity. Was it . There was a big hurricane that hit 1938 that was bigger and stronger than sandy, was that because of Climate Change . They used Climate Change as a blanket statement for everything. We have been into a credo pareto drought for the last couple of years, we havent had the numbers that we typically see each and every year around the time typically see tornadoes. You see a tornado in massachusetts, tornadoes can happen in any corner of the u. S. At any time. Now lets talk about wildfires. Huge wildfire in northern california. That is something we need to cover, but the wildfire have been down this past year. Havent had the extreme wildfires we have had in the past. Stuart it is an argument that cannot lose. Whenever you get a weather event, they will say that is Global Warming. Too little or too much rain, that is Climate Change. I think that is wrong. Is man doing something to our environment . There is some evidence, but whats degrees man doing that . That is still up for discussions. Lets talk about al gore, didnt he say the Antarctic Ice would be gone by this time . Stuart it is growing, i think. And leonardo dicaprio. Doesnt he have private jets that he takes everywhere and isnt he wearing petroleumbased shoes on his feet . Yes, we bring awareness to this, i want this environment to be clean as possible, but dont use this as an alarmist situation where the world is ending. Stuart there is an alarmist tendency, a scare tactic the link between human activity and Severe Weather is not formally there. It is going to take centuries to prove if the Global Warming is going to be as severe as they predict right now. Stuart last time you brought with you your new childrens book. Now you have a distant number two. This is freddie the frog castor and the blizzard. There is no dissertation on the back about Global Warming. It is about freddie who is caught in a snowstorm and how he prepares. I am all about preparation if we can prepare in advance, that is the most important thing. President john f. Kennedy said fix the roof when the sun is shining. That is important. They will just to get a nice lesson on how to prepare an emergency kits just in case there is a storm that blows through. Stuart youre going to tell my children how to prepare an emergency kit . In a fun way. I think the problem is parents dont know how to talk about what is happening in the atmosphere. This is a good way and a fun way to bring attention to why my blizzards happen. Stuart the control room just picked up on that. I am not called grandpa, i am grand daddy. How many do i need to get for your grandkids . Stuart seven. Maybe more, we will find out. Charles i need to kobe at his stuart i thought you only had one . Charles two. Varney company repopulates the earth. Charles we are doing our part. Nine books on the way to varney company. Stuart president obama is going to raise the Energy Prices, the war on call, and as we pay more, china pollutes even more. I think that is a rotten deal for voters, they are not going to accept this. Charles it is shocking they have to the degree that already have. Think about how mild this summer was. This is a relatively mild summer. It is absolutely amazing electricity prices necessarily have to go higher. That hits every single american and discriminates against people who are poor. You talked about china not being there, Stephen Harper is in new york and he wont even go to this thing. China, which is by far the largest polluter right now, there is no doubt about it. China says we will stick with call until we can make the transition. Making no bones about it. Multidecade deals with canada, russia, indonesia, brazil, they understand what they need to achieve, i these other countries they wear on the back of fossil fuels. To stop the smaller nations from doing it we have to pay them a ransom three will take billions from taxpayers and two african countries, dont build a plant but here is 5 billion to hold you over. Stuart they are indeed and this is climate week. Charles it should be climate weak. I am feeling under pressure here. You have your own show, you are way ahead of me. Stuart you have so many shows in which you appear. In the next hour we will bring in bob dean, he cares about the earth so much he rides a bike to work, so what does he think about these environmentalists trashing the climate . No printing from china dragging the market a bit a bit lower,. 3 . Down. 67. Look at a price of gold getting close to 1200 per ounce. And silver, that is at a fouryear low. 17 per ounce. The Compensation Fund has now received 675 claims, much higher than originally expected. 21 death claims confirmed eligible. And look at these lines at the apple store for the iphone 6 and 6 plus. This is from the weekend after they have gone on sale bid selling 10 million new iphones just over the weekend, a million more than the iphone a be last time around. Look at apple stock 101 per share, not Much Movement today. The Home Builders, existing home sales fell last month First Time Buyers not participating, investors backing off, the Home Builders are down three percentage points. Alibaba up from when it debuted friday. Where is it now . The Worlds Largest ipo, with a debut friday. Looking at it down over 3 today down for alibaba be at it gained a lot of attention, but today you are seeing it pulling back 90. 16. It broke through below 90 on friday at 89. 95. Some people said the underwriters stepped in and hold it there. Yahoo also to the downside, of course we know yahoo had a big stake in alibaba, and so we are watching thats the downside. 10 million in the debut, a Record Number surpassing the 9 million of the 5s. Those were actually available in china. So they probably could have sold even more if it were available in timeline them back china. I am inside the nyse fortress but on the way in lot of police officers. Stuart have our cameras inside the new york Stock Exchange. We will have to see what they are up to. You stay inside. Nicole i have been locked in here before, it would not be the first time. Stuart charles, coming on ao< a. Would you buy . Charles no, i would not buy. If youre interested in this, give it some time, let one or two earnings reports, out, see how it reacts as a publicly traded company. By do is 2739. At the crash went down to 12. There is plenty of time to buy that stock and write it up for 1000 gain. I dont see urgency. Stuart many people think it could be the next google be a. Charles it could be. Stuart lois lerner says she has done nothing wrong, she is proud of her irs career. The lawyer targeting those Tea Party Groups later this hour. Next, two more Companies Heading overseas, and again americas high taxes take some of the blame. Europe buys uggs because they have lower taxes. All rise, the judge is next. Hi, are we still on for tomorrow . Tomorrow. Quick look at the weather. Nice day, beautiful tomorrow. Tomorrow is full of promise. We can come back tomorrrow. And we promise to keep it that way. Driven to preserve the environment, csx moves a ton of freight nearly 450 miles on one gallon of fuel. What a day. Cant wait til tomorrow. [ inhales deeply ] [ sighs ] [ inhales ] [ male announcer ] at cvs health, we took a deep breath. [ inhales, exhales ] [ male announcer ] and made the decision to quit selling cigarettes in our cvs pharmacies. Now we invite smokers to quit, too, with our comprehensive program. We just want to help everyone, everywhere, breathe a little easier. Introducing cvs health. Because health is everything. Introducing cvs health. A brand new start. Your chance to rise and shine. With centurylink as your trusted technology partner, you can do just that. With our visionary cloud infrastructure, Global Broadband network and Custom Communications solutions, your business is more reliable secure agile. And with responsive, dedicated support, we help you shine every day of the week. Stuart it is monday morning, lets see where we are be it down 66 on the dow,. 3 . How about the price of oil under pressure today, 91. 71. Barclays downgrading walgreens and cutting the price target. They were looking for 92, now they are looking for 68, the stock goes down to 60. People are b buying new cars, nt fix the old one so much. Two German Companies buying bigname american firms. Siemens, the germans, buying for more than 7 billion. They make fracking equipment. And if buying 417 billion. The ceo saying this morning it is going overseas by being bought out by foreigners they pay a lower tax rates. Judge Andrew Napolitano is here. Dont know what the reason would be if it is not a tax move and they shouldnt be ashamed of acknowledging it is a tax move. Stuart they are Fine Companies in their field and the germans are paying a premium for them but it is a tax break they will get when they shipped overseas. That is what motivates them. It almost seems counterintuitive leadership of governments educated at the London School of economics would impose a lower substantially lower, 10 lower tax rate on corporate profits then we have here. How could the american politician to do this not expect this flight overseas . Stuart they went to left this princeton. Im not surprised about it, the Obama Administration instead of trying to compete with europe by suggesting a lower rate here is going to attempt to get it through the house of representatives to make these inversions as we call them unlawful. Not only are they lawful, they are beneficial, beneficial to consumers, beneficial to shareholders, beneficial to anybody who engages in economic activity. Stuart the treasury secretary wants the defense around america, they want to stop american Companies Buying foreigners and jumping ship and going over there. This case is the other way around. And there is nothing president obama or jetblue can do about it. They will probably try to do it with the federa federal reser the Treasury Department to issue some regulation that presents an obstacle to this and some corporation will have to challenge it. Stuart i dont see how they can do it. Charles i think we have been so focused on inversions that these are the kind of deal the no space morning are so much more worry some in my mind because these are not just Great American companies, they are growing rapidly around the world be at last year 62 of their business was outside of america but only paid 45 of their taxes on that money. They are not going to dismantle the work laborers do here. Charles but when you move the headquarters. The biggest 500 companies in the world, 93 of them have terrestrial taxes, he only pay taxes where you are. Youre not punish making money overseas and ringing it home. So now can bring that money back to the home headquarters which will be germany and all that cash is how you can create local opportunities. Stuart we are pushing money out of america. Walgreens chose not to do that and this morning they got the downgrade. It will go lower. But for a blinding ideology, why doesnt the government understand thi the simplicity ad wisdom of what you said . Stuart president obama wants to punish wealthy individuals and corporations. The last thing he is going to do is bring the Corporate Tax rate down. He does not want to do that. He wants to punish. Those wealthy individuals who own those corporations employ millions of americans. Stuart of course. If the central idea behind your policy as punishment, you dont care how much money comes into the treasury, you want to punish. Charles the kind of Society President obama envisions is expensive, you pay people not to work. You cannot keep giving the money from the same sources, they must find a way to give to Corporate America balance sheet. It may be in their minds, but not reality. Stuart inexplicable really. Time is money, we said it every day, actually but in 30 seconds we have headlines for you. An update on ebola telling airlines to treat body fluids as infectious, even domestic flights not just once coming from africa. Obamacare another broken promise, tax refunds for people who signed up for coverage may be reduced in some cases, some married couples could owe as much as 2000. The secret service would increase authority in and around the white house every a man was able to reach public checkpoints around the white house outside the defense are now being considered. We were the first of the shows to bring you the story, cell phone towers that he is still all your information on your smart phone. Now more of those towers are being discovered, this time 18 of them showing up in and around washington, d. C. After the break. You know what my business philosophy is, reynolds . No. Not exactly. To attain success, one must project success. Thats why we use fedex one rate. Their flat rate shipping. Exactly. It makes us look topnotch but we know its affordable. 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Ashley webster is in the middle of the new Climate Change protest. Who are these people, ashley with mark . They are offering to walk down to shut down the new york Stock Exchange. An exchange of the climate march from yesterday. About 2000 people wearing blue, they say it is symbolic of a flood of wall street, they believe the Economic System puts profits before people and before the planet and they say unless something is done to unchecked Climate Change, all of manhattan will be underwater. That is the message, they told people if you want to come on the march he will be arrested because they plan to sit in, protest as close to the Stock Exchange as they can get and fully planne plan to be arreste. This march is getting under way about now. Stuart i just hope they pick up their trash after them. That is a good point and bringing traffic to a standstill causing all sorts of fossil fuels to go straight in the air. We will be back to you very shortly. We first brought you this story earlier this month. The makers of a phone found fake cell phone towers capable of stealing your information. Scattered around the country. Kind of industry, nobody know where they came from or who installed them, and they are finding a lot of them. After driving around d. C. One day they found another 18 fake towers installed via the white house, capitol hill, fbi headquarters and the russian embassy. With the phone, director at esp america. Your organizations, youre the ones who drove around d. C. , you found these extra fake cell phone towers, who do you think put them there . Do you think this is espionage of some sort . We really dont believe the federal Law Enforcement has them there. Federal Law Enforcement has ability to listen to phone calls through the carriers that works directly. So these fake cell towers were put there possibly by foreign operatives or people looking to capture information that could be of value to them. Stuart it is possible this is a criminal organization soaking up material on a mass scale around sensitive installations. Thats correct. Tuesday afternoon when we went by the senate body, they were on the isolation. Who put these in direct line to intercept this information. Stuart what it be possible if i have the right equipment i could listen in to cell phone conversations better going on in the sensitive installations in washington, d. C. . I could drive around and listen in . If you have the right equipment, yes, you could. Stuart and you have the right equipment, i take it. We have the right equipment to detect if somebodys excepting those calls, dont have the right equipment to intercept the calls, we can detective the calls are being intercepted. Stuart you are selling a product that can detect whether or not your cell phone call is being listened to and make sure your cell phone conversation is strictly private, selling a phone making sure it is private, dont you . Yes, we do. It is absolutely ultra secure. The secondary ability of the cp 500 ability to detect if it is redirected to a fake power. Stuart i take it they are 3000 each, arent they . In the general ballpark, yes. Stuart can you get the product down . Writes now we are staying at that particular level. Stuart tell us again when you drive around someplace, when you find something. We will be looking. Stuart lois lerner breaking her silence saying she did nothing wrong. I have not done anything wrong, i have not broken any laws, i have not violated any irs rules or regulations that have not provided false information to this or any other congressional committee. Hello. You can go ahead and put your bag right here. Have a nice flight. Music plays music plays traveling can feel like one big mystery. Youre never quite sure what is coming your way. But when youve got an entire company who knows that the fewest cancellations and the most ontime flights are nothing if we cant get your things there, too. Its no wonder more People Choose delta than any other airline. Sfx ambient park noise, crane engine, music begins. We asked people a question, how much money do you have in your pocket right now . I have 40, 53, 21, do you think the money in your pocket could make an impact on something as big as your retirement . Not a chance. I dont think so. Its hard to imagine how something so small can help with something so big. But if you start putting that towards your retirement every week and let it grow over time, for twenty to thirty years, that retirement challenge sfx crowd cheering might not seem so big after all. Stuart we are down 60 points. China will not send money printing into overdrive. That is dragging the market down both year and overseas. Today it is pulling back 90 . Apple sold 10 million of the new iphones over the weekend. It is up 0. 30. Lois lerner breaking her silence. She says i did not do anything wrong. My career and the job i did for this country. The rise of isis. A threat we cannot ignore. Lois lerner says i did not do anything wrong. Can you give me a list of things which you think she did do wrong. Lets look at her own emails. She talked to reporters. Number one, she was part of the targeting scheme. She was one of the authors of it. She sent emails that clearly detailed groups. She called them radical groups. She used expletives in describing the groups. She made sure that the targeting continued. We know also that she was in communication with other agencies. She had the fec involved. She was communicating with the white house counsels office. This, you know, i did nothing wrong. I am proud of my services. Go talk to some congressional visitors. I could go on for another 10 minutes. Stuart i am sticking up for our viewers. It looks like distraction of evidence to us. Nothing ever really get done. It looks like this will drag weight on. What do you say . I hope that is not the case. In addition to the congressional investigation, you are right. I think it is a serious problem. It will get to the bottom of it. We know what the tactic here is. The lake, denied. Do not go back to far and keep moving your agenda forward. I know that from some personal experience. It just says to me that they have not learned their lesson yet. This is a small legal group that got picked up in an audit for no reason whatsoever. I think the nature of what is going on right now i just think we should zero in on all of this. The potential that the president and his party use it against his political parties. You are exactly correct. They have been waiting. Stuart thank you. President obama and his war on call could end up hurting the people that helped him get it. Yes, that is happening and it is next. The lightest or nothing. The smartest or nothing. The quietest or nothing. The sleekest. Sexiest,. Baddest,. Safest,. Tightest,. Quickest,. Harshest. Or nothing. At mercedesbenz, we do things one way or we dont do them at all. Introducing the allnew cclass. The best or nothing. Down arrows across the board. Down about 66 points. The majority stock with down arrows this morning. Taking a look at jeep. Look at what is going on here. 230,000 chiefs will be recalled. Dodge during that will be recalled. We are going to keep an eye on that one for you. Blackberry out with a passport. 599. Trying to be competitive. We will watch that very right now. Of about 45 this year. The war on call. Hey, how you doin . It hurts. This is what it can be like to have shingles. A painful blistering rash. If you had chicken pox, the shingles virus is already inside you. As you get older your immune system weakens and it loses its ability to keep the shingles virus in check. I just cant stand seeing him like this. Hes in pain. One in three people will get shingles in their lifetime. The shingles rash can last up to 30 days. I wish that there was something i could do to help. Some people with shingles will have long term nerve pain which can last for a few months to a few years. Dont wait until someone you love develops shingles. Talk to your doctor or pharmacist about your risk. Stuart look at how big those marches on wall street are. They are headed to the Stock Exchange. We will take you back there shortly. It popped 38 in a debut day. Down 4 . Holding the stock at 90. It celebrated in style. A couple hundred people. Jack mom, the start of the show. I believe that they went all out. I have seen ipo parties. Much more lavish than this. 25 billion. This is a soso party. At one stage in your life, your formal or life, you went public. If popped. It popped big time. I was worth a lot of paper. Stuart i thought it was a cup a day. Charles 75 million. I was a crazy fool. God blessed me. He took most of it from me. Every time the stock went up, everyone in the office was calculating how much they were worth. One of those things that sounded better on paper. We had a big party. Those kind of guys scare me. Stuart there he is. I am worried about all of these people. Stuart lets get to the president s war on coal. It is a war that raises Energy Prices did those people will fall into poverty. Now, the president of star parker. I want you to take me through it. You were on welfare for a long time. Can you get money out of the government to pay your electricity bill . You absolutely can. Every dollar that these forces the economy to have to approve because they increase prices, they offset that on the backs of the poor. I am glad they are starting to push back. I get it. They love bugs. They like dogs more than they like cool. Y always on the backs of the poor. They then tell the poor that they have a subsidy for them. If you call about the energy company, they will say if you have problems with this bill, press five. We already have fit the Million People below the poverty line. We certainly do not need a million more. You tax or make the utilities. You make somebody pay more money. You give a handout to poor people. You use green Energy Policy as a way to do it. That is exactly what is going on. These folks are just hard working americans. Think about that sr. Citizen. It gets very, very cold. They get an electricity bill for 400, 500 a month. That little bit is 10 . It is significant and not household. These are the people that do not want to live off the hand of government. They want to have a comfortable existence as they age. Don that is good. [laughter] working on the ebt card to get free weed. [laughter] it will not stop until we get jpmorgan out of the ebt card business. Star parker, you can come again soon. After the break, the nfl abuse scandal. Then, there is the baltimore ravens. A rate rise cover up. The del valle the developments are next. Weve never sold a house before. agent ill walk you guys through every step. There are a lot of buyers for a house like yours. husband thats good to know. Hi, are we still on for tomorrow . Tomorrow. Quick look at the weather. Nice day, beautiful tomorrow. Tomorrow is full of promise. We can come back tomorrrow. And we promise to keep it that way. Driven to preserve the environment, csx moves a ton of freight nearly 450 miles on one gallon of fuel. What a day. Cant wait til tomorrow. 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. 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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 Roger Goodell is not staying out of the limelight. A report from espns outside the lines says the ravens knew the severity of ray rice is severity the morning before it happened. Along with support from ravens general manager. The ravens denied thi appealing. Executive editor of forbes media is with us. Do you think he will be pushed out just like that l. A. Clippers . If it is true, then it means that he lied. He has said that he did not know what happened inside that elevator. That report says the opposite. There goes his credibility. It changes the whole game. All of it will stay in the news that he did not tell the truth. News report suggest that the owner of the ravens lied because he had seen the full impact of that videotape from inside the elevator. That was described to him. Absolutely right. That is what that report alleges. Sorry for the lenient punishment of two games. You know, we did not know exactly what went down in that elevator. What happened was described to him. You talk about the brand of the team. Porting it for 600 million. It is now worth approximately 1. 5 billion. He grew the team. He might be forced out and forced to sell. You are right. That is what he paid over two parts from 1999 to 2004. They have an older stadium. They sold for 1. 4 billion. We have said on this program that it is a serious nfl scandal. So far, the advertisers have not withdrawn their dollars. We are saying maybe the nfl has weathered the financial stall. There is an independent investigation going on. If the investigation shows it did not tell the truth, then i do not think that they will have weathered the storm. It is a big deal. All right. Thank you very much. Protests on june protests in manhattan today. We are live at the scene. And environmentalists that loves the earth so much. He explains how it could be so hypocritical to trash new york city while trying to save the world. The second hour is two minutes from now. [ breathing deeply ] [ inhales deeply ] [ sighs ] [ inhales ] [ male announcer ] at cvs health, we took a deep breath. [ inhales, exhales ] [ male announcer ] and made the decision to quit selling cigarettes in our cvs pharmacies. Now we invite smokers to quit, too, with our comprehensive program. We just want to help everyone, everywhere, breathe a little easier. Introducing cvs health. Because health is everything. Stuart the mob is gathering again. A new demonstrator has been called. They want us to pay more for energy. They are pressuring the World Leaders throughout the un to discuss a climate deal. Most of the other big polluters are not joining the discussion. His regulation is only 0. 18 . His policy means we pay more for energy. Stuart quietly starting the 12 noon hour. Why not. Weve moved from battery park which is a very short distance behind me. This is the tail end of the march. It really signifies wall street. It has been surrounded by police not allowing these protesters to get anywhere near it. They have been barricaded off. We now have a standoff. I am sure some point they will get asked to move. I do not have any arrests yet. Traffic is being brought to an absolute standstill. As this goes on, i have a feeling we will see more police action. Business cannot go on as normal here on broadway. Stuart all right. Thank you, ashley webster. We will be back. Ashley pratt is here. Ive got to ask you. All of these protesters, they are from your generation did i am not holding you responsible for this. Thank you. Stuart i always thought that people that work there it can learn about the environment and Global Warming were people that would protect the environment. They have trashed new york city. There was trash everywhere. They have trashed new york city. I want to know what is going on. They actually made cups and they were part of ones that were left there. Why arent they finding a receptacle. This is among those liberal left is people that believe they are saving the environment. We all need to do our part. Are they biking . Are they carpooling . I would like to know. They want to mandate everything to everyone else. Stuart it is your generation. It is your generation that is out there on the streets. The climate crowd, the idea that we have to restrict co2 emissions. Is that a strong conviction. Young people like to eat healthier. They like to think they are doing good for the environment. They tell you a lot about the co2 emissions. There is a lot of Carbon Dioxide in the world. They are using these jet streams. Stuart thank you for joining us. This is an opinion show. It is based on facts. I think that president obama has a very difficult political problem here. He has to convince americans that we should pay more for energy. We should sacrifice. Ranking the issues for the American People. This is not an issue for the vast majority of the people. You know what their top concerns are. Jobs and the economy. He is an al gore kind of guy on this. This is a good way to do it. If you ask American People, 80 say yes. Then you ask them if they are willing to pay more for you like the city. Hell no. This is the problem for the left. You raised a good point. If we cut our Carbon Emissions and we decapitated our coal industry and stick a knife in our back, lets say there was no United States. Lets just say we were off of the map. The climate would be almost zero. You are right. It is purely symbolical. Stuart a carbon tax. If they ever did, and money gusher. Raises hundreds of billions of dollars from our government spending. A massive tax that would split the right. You are right. The American People reject that. Do not forget, president obama is unilaterally trying to get these new standards in place. It will happen. If they want to step in and stop it, they can. Always a pleasure. Thank you very much indeed. 17,200. China, by the way, will not switch on the money printing. That is worrying a lot of investors. Down more percentage wise man the dow. Up almost 1 . We are back down below 2. 6 . The yield is falling today. This draft below 90 a share. Do not forget yahoo . We will ask fitzgerald what you should do with these stocks later this hour. Please look at microsoft. It has delayed the launch. Did not give a reason. Still at 47. Not going to complain. Long lines for the apple iphone six and six plus. They could have sold more, but it didnt change supply. Firsttime homebuyers and investors not buying homes like they used to. Existing home sales down by 2 last month. The script says a silver lining. Can you point to it . There are a couple of things that are wrong. Investors are backing off. They only made up 12 of sales for the month of august. We are seeing that number declined. Investors are really backing out of the real estate market. You do not have the first time real estate buyers stepping in. There is no income to speak of. It looks like they are all out causing traffic issues in new york city. They are not buying new homes. Go ahead and buy a home. If i was a realtor, absolutely. We wanted to buy a house and get going on the american dream. I looked at the numbers. We are selling existing homes. That is not a robust rate. It is still 29 for the month of august. Firsttime homebuyers. A horrific number. It is flat. You have Interest Rates still reasonably low. They are looking to loans for this firsttime home buyer. Mortgage originations are down. We also just got that data released today. The rates for 23rd team are higher. We absolutely want a loan. You show me the numbers, that is a different story. The numbers are not there. Stuart the isis threat. Leon panetta says he told president obama to arm those rebels two years ago. We will talk with a former cia operative this morning. An alarming report that shows just how easy it is to scam the government. The biggest ipo ever, we have the man that is warning amazon and white ali baba will be a serious competitor. The climate protesters in new york city. Just another example of environmental hypocrisy. All of that coming up, too. vo you are a business pro. Maestro of project management. Baron of the buildout. You need a permit. To be this awesome. And you. Rent from national. Because only national lets you choose any car in the aisle. And go. And only national is ranked highest in car rental Customer Satisfaction by j. D. Power. aaron purrrfect. vo meeeow, business pro. Meeeow. Go national. Go like a pro. Watch this. Sam always gives you the good news in person, bad news in email. Good news fedex has flat rate shipping. Its called fedex one rate. And its affordable. Sounds great. [ cell phone typing ] [ typing continues ] [ whoosh ] [ cell phones buzz, chirp ] and we have to work the weekend. Great. More good news its friday woo [ male announcer ] ship a pak via Fedex Express saver® for as low as 7. 50. [ male announcer ] ship a pak via Fedex Express saver® hi can i help you . Im looking for a phone plan. It has to be a great one, and i dont compromise. Ok, how about 10 gigs of data to are, unlimited talk and text, and you can choose from 2 to 10 lines. Wow, sounds like a great deal. So im getting exactly what i want, then . Appears so. Now, um, im not too sure what to do with my arms right now cause this is when i usually start throwing things. Oh, thats terrifying at ts bestever pricing. 210 lines, 10 gigs of truly shareable data, unlimited talk and text, starting at 130 a month. Stuart jpmorgan raises a red flag on tesla. This is why they put out a cautious note. The concern is they believe that this rejection is maybe a little too high. The stock has ran up over the last year or so. They have a neutral rating. They did raise their target for year end. Again, they do see the growth and think it is a little bit ahead of itself. Much like what we heard from elon musk himself. Last year he said it would not stop and it dropped about 20 thereafter. Morgan stanley is reiterating. Is it just running in one direction too far too fast . It sure stirs up the interest. Stuart you could tell where the greenies were in new york city yesterday. It seems like they should care more about the environment. Look at that mess. A true environmentalists. He rides his bike to work every day. He is back. I am not trying to flame you guys or anything. I was shocked. They treat things well. This is one where i will agree with you. The biggest march in history. We had 300,000 people in the streets. We should expect them to clean up their mess. Stuart i just want to raise what i think is a political problem for president obama. He will state his case in the United States knowing that will raise the cost of electricity and energy for some people in the United States. He will say we have a sacrifice. We have a sacrifice. He has a difficult position here. China is not sacrificing anything. Anything that we do is completely ruled out by what china does. First, i think what he has been called for is leadership. The United States is leading. We are reducing our Carbon Footprint in this country. Here is the thing about china, you know this as well as i do. They are taking hundreds of millions of people. Moving them from abject poverty. They are doing it in a spam of one generation. The chinese are doing and enormous amount right now. We are trying to help them along. It is a political problem. They had a carbon tax. They repealed the carbon tax. I think you have a political problem. We have an obligation. I will suggest this anyway. America has reduced its co2 emissions more than any other in the democracy. We did that by fracking for natural gas and producing a lot more natural gas by replacing. We need to continue to invest on wind and solar. It is a good story. We need to take certain places. I have property in the catskill mountains. I know all about fracking. I know all about jobs. Either way here in washington, i am fortunate to have those options. I have a conservation easement and i am not allowed to do that. Thank you, sir. Stuart thank you very much. The dow is now down 78 points. It is not a huge selloff. We picked a series of record highs. About two years ago. A former cia operative joins us on that subject next. I pledge to bring the war in iraq to a responsible end. Shortly after taking off, i announce our new strategy for iraq and transition to full iraq the responsibility. By august 31, 2010, americas combat mission in america would end. [ female announcer ] we love our smartphones. And now telcos using hp Big Data Solutions are feeling the love, too. By offering things like onthespot data upgrades an idea that reduced overcharge complaints by 98 . No matter how fast your Business Needs to adapt, if hp Big Data Solutions can keep wireless customers smiling, imagine what they can do for yours. Make it matter. The smartest or nothing. Imagine what they can do for yours. The quietest or nothing. The sleekest. Sexiest,. Baddest,. Safest,. Tightest,. Quickest,. Harshest. Or nothing. At mercedesbenz, we do things one way or we dont do them at all. Introducing the allnew cclass. The best or nothing. 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The real key was how can we develop a Leadership Group among the opposition that would be able to take control, and my view was to have leverage to do that, we would have to provide the weapons and the training in order for them to really be willing to work with us. We paid a price for not doing that in what we see happening with isis. I really thought that it was important for us to maintain a presence in iraq. Stuart thats pretty tough talk coming from an exmember of president obamas inner circle. Former cia covert Operations Officer mike baker with us. Mr. Panetta said two things there, he said we should have armed the rebels in syria two years ago, and we should have kept a presence in iraq two years ago. Do you believe that had we done those two things, kept troops in iraq, armed the rebels, we wouldnt be dealing with isis now . Well, we wouldnt be dealing with Islamic State and the configuration theyre in, meaning they wouldnt have seized and held, had the territorial integrity and been able to point to this building caliphate theyve got with provides them with advantage in terms of striking at the west. Lets not think it would have been happiness if wed just armed the syrian rebels. Frankly, the problem is leon panetta, hes saying the same thing robert gates did. They were both secretaries of defense and former heads of the cia, a lot of experience with those two gentlemen. The problem is, hes right. President obamas right. When he says we didnt know who wed be handing weapons to, thats absolutely true. We didnt have any clarity even at the very beginning. Now, heres the catch, catch is we still dont. Its not as if somethings changed other than political expediency and poll numbers between then and now. We still dont know who were handing these weapons to and what their agendas going to be down the road. Stuart im not going to ask you where and what you did, but i want to know whats it like trying to hand over weapons to people who you know in the back of your mind, youve got a strong thought that maybe six weeks or six months down the road theyll turn and fire at you . Whats it like in those situations . Yeah, its first of all, its a real big logistical lift when youre talking about building a program where youre arming and training opposition. Regardless of where the opposition is, but when youre talking about as much a volatile place as syria and iraq, theres really no border there anymore, it is an enormous lift. Part of the problem is, of course, vetting and understanding the backgrounds of the people that youre dealing with all the way down to, you know, to the basic troop level. Not just the commanders. And to do that sort of vetting, its tough enough doing background checks on people in relatively difficult environments. In a place like syria and iraq, you almost have to be into the villages talking to tribal elders to understand who are these people, what are their agendas. And, yes, you always have in the back of your mind, a, theres a massive security concern because youre happening over weapons to handing over weapons to people, but maybe in the short term theyre happy to take that because, yeah, theyd like to defeat the Islamic State, but that doesnt mean our interests are aligned 6, 12 months from now. Stuart i said i wasnt going to ask you, but im going to ask you, have you done that kind of thing . Have you been on the ground literally talking to guys who are a little sketchy trying to give something or get Something Back from them . Youve been there . Yeah. And its not oftentimes a pleasant feeling. Youre doing, essentially, what youve been tasked to do. The cia and, obviously, the military, we take our marching orders and move on. Oftentimes youre doing things you think, well, maybe in the back of your mind perhaps this isnt going to end well whether were talking about missile systems, antitank weapons to Syrian Opposition its not necessarily a comfortable environment. Stuart ill bet. And, you know, you do have questions of the motivations of the people youre dealing with. Stuart ill bet. I can understand that. It sounds glamorous from a distance, but i bet on the ground, its anything i but. No, theres not a lot of glamour involved. Stuart after the break, two updates on the irs. First off, lois lerner says she is proud of her track record. And this, theres a worrying report that shows just how easy it is to scam the irs and get fake get real money that youre not supposed to get. Get a fake identity, falsify some paperwork and get bogus tax refunds. Its happening, tell you all about it after this. Opportunities arent always obvious. Sometimes they just drop in. Cme group can help you navigate risks and capture opportunities. We enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. I have 40,ney do you have in your pocket right now . 21. Could something that small make an impact on something as big as your retirement . I dont think so. Well if you start putting that towards your retirement every week and let it grow over time, for twenty to thirty years, that retirement challenge might not seem so big after all. Stuart dead even, weve got no change for the dow in the past half hour to an hour, were down about 80 points. It is, though, day two for alibabas stock. Straight up on friday, coming back 4. 5 today. Apple sold ten million iphones over the weekend, thats a big number. The stock up three cents, thats it. Surprise drop for existing home sales, firsttime buyers not participating. Investors backing off as well. Mortgage lending down last year. Home builders, all those stocks down today. Lois lerner finally breaks her silence. She had an interview with politico. The former irs official says, quoting now i didnt do anything wrong. Im proud of my career and what i did for this country. No apology, to admission of guilt. Jay sutt low had this to say in our last hour. She sent emails that clearly detailed how she wanted these groups targeted, the information she wanted. She called them radical groups, she used expletives. This, you know, i did nothing wrong, im proud of my services, im going to talk to politico, then talk to some congressional investigators and convince them she did nothing wrong. Stuart a new report finds criminals were stealing billions of dollars by filing fake returns and getting bogus refunds. Liz macdonald, that is the story, isnt it . It is. Stuart billions in refunds. 14 billion as of last year. And the irs cant find lois lerners emails, boy, they are sure having a heck of a time trying to stop fraud. And this program has been around nearly four decades, stuart. Its the earned income tax credit. Its really literally money that goes out the door. So, you know, miami is this Identity Theft fraud capital, thats what 60 minutes was reporting, but the story runs deeper. These thieves have the Business Model up and running. They know four out of ten times the irs will say, you know what . We will give immediately that refund. This is literally cash out the door. Stuart so you make the bogus claim, you get the refund check pretty quickly thats right. Stuart the irs doesnt check, you leave town. They go to tax preparation sites and get the earned income tax credit refund, and not only is it money out the door because the irs doesnt do a good job in stopping this money out the door, it also messes up the individual, the innocent victim. Social security benefits because it screws up their income, and it screws up their own personal income tax refund. Stuart that irs. But this has been going on for four decades. Stuart i feel so much better now. Thanks, liz. Climate change protesters making their bay through new york city way through new york city right now, this is the second day. Theyre trying to stop all action down on wall street, trying to shut it down ahead of theup Climate Change summit that the u. N. Climate change summit that starts tomorrow. Mark moreno joins us right now. Welcome to new york. Happy to be here. Stuart now, it seems to me president obamas got a political problem here because he wants to lower Carbon Emissions, but that will make us pay more for energy. Hes got to convince us that its worth it, and im not so sure he can. Yeah, this is a problem. Obamas own epa regulations, not only would they not Impact Global temperature or storms, they wont even Impact Global co2 levels because were being dwarfed. In 1992 george h. W. Bush signed a u. N. Treaty, and and theyre going to basically say this treatys updating an existing treaty. In the meantime, its going to be a sort of voluntary commitment, and its going to be left to the next president to deal with. Hes going to have his moment in paris next year. John kerry wants a legacy on climate, president obama needs this legacy. Hes bypassed congress with the epa regulations, and now he wants to bypass the senate with this u. N. Treaty. Stuart its good to see you in new york, mark, not good news. Thank you much for joining us. Watch out amazon, theres a new kid on the block, and according to one report, amazon should really be worried about alibaba. But, first, the numbers are in. Apple says they have sold ten million iphone 6 and 6 pluses in just three days. That beat last years launch of the iphone 5s and 5c by a million units, double the 2012 launch of the iphone 5. Not bad, huh . Are we still on for tomorrow . Tomorrow. Tomorrow is full of promise. We can come back tomorrrow. And we promise to keep it that way. Csx. How tomorrow moves. What a day. Cant wait til tomorrow. Im Nicole Petallides with your fox business brief. Right now the Dow Jones Industrial average down 73 points, 17,206. The s p 500 below 2,000, thats a loss of threequarters of 1 . The nasdaq is the worst of the bunch, down 1. 3 at 45. 20. Well keep a keen eye on automakers. Chryslers jeep doing a recall, 2011 jeep grand cherokees as well as the dodge durangos will be recalled. This is because of a fuel pump issue, delay this that relay, and so they are recalling these vehicles. You can take them to the chrysler dealers, they will replace it for free. Call in to chrysler, they are working on that. Apple, recordsetting weekend, right . Ten million iphones sold and some moversover wall street, chlorox and also bank of america. vo rush hour around here starts at 6 30 a. M. On the nose. But for me, it starts with the opening bell. And the rush i get, lasts way more than an hour. Some movers on wall street, thats why weve built powerful technology to alert you to your next opportunity. Because at scottrade, our passion is to power yours. Whenwork with equity experts who work with regional experts who work with Portfolio Management experts thats when expertise happens. Mfs. Because there is no expertise without collaboration. Stuart lets get started. This is the real halftime report. Keith fitzgerald joining us from portland. Youre our goto guy on money in asia. Simple question, are you buying the Chinese Company alibaba . I have recommended that anybody whos interested in money in asia buy alibaba. What about yahoo . They have 16 of alibaba, and we think of them as a proxy for alibaba as an American Home group stock. Would you buy yahoo . Ive recommended people buy yahoo for the same reason you just pointed out. The trick is, its not worth anything without the alibaba stake. That being said, alibaba is a monstrous undertaking, and its about the future of the internet, stuart. Stuart you think that alibaba has a rosy future as the Internet Company of china. Thats where youre going with this, right . Well, the Internet Company of the world. Youre talking about 600 million users in china alone, 800 million by 2015. Youre talking about an internet space that is going to be larger than the United States, britain, france and the e. U. By 2020 combined. So this is really not just about china anymore, this is about how the world views the internet. Stuart is it a monopoly . Does the Chinese Government i know its not a monopoly, but did they restrict competition for alibaba . You know, ive not seen any case of restricting competition openly. Theres certainly lots of discussion that thats taking place behind theyre pretty annoyed that they picked new york to do their ipo. Theres a lot of discussion in that area, ironically enough. Stuart okay, you like it. Now tell me about oracle, is that a buy now that ellison is stepping down as ceo . You know, ive got the opposite opinion on oracle, stuart. I think anytime you have a powerful, charismatic, aggressive ceo like larry el soften step away from a company ellison step away from a company, its a sign to lighten up or sell entirely. Because the period of transition that occurs from one powerful ceo from the next is a time of up certainty, and the uncertainty, and the markets dont like uncertainty. Stuart our next guest says apson should be very worried about amazon should be very worried about alibaba. Matt crans joins us from usa today. Make your case that alibaba is so much more powerful and going places better than amazon . We would all love it if alibaba would just quietly stay in china and keep doing what theyve been doing, but the fact is they have global ambitions, and this is very clear as your previous guest stated on the ipo. They listed this in new york. This is a message that this companys not going to be satisfied just taking the bits and pieces from china, as big as they are. This company has the world in mind. Stuart but amazons already there. Theyve been ten years in the field. Theyre tried and true, theyve got a great system. Why should they be so worried about what is essentially an upstart from china . Well, thats the point. Theyve been there, and look how quickly alibabas come on . This company that youve probably never even heard about a year ago is now one of the 15 most valuable companies in the world. This happened overnight. This is an amazing story, and this company has other advantages that you may not paying attention to that give it an each bigger edge. An even bigger edge. Stuart okay, what other bigger advantages . Spell it out for me. One of the things they did a very good job in not drawing attention to is its tax rate. Alibabas tax rate is only about 12 . 12 . Compare that to amazon. They have a tax rate of over 30 over the past 12 months. This is an enormous edge, and if we think that this isnt a big deal, we have to remember all the great efforts these companies have been making to get their tax rates down. So this is a great example of an edge that a company overseas has that really should be getting the attention of people here. Stuart okay, matt, stay there for a second. I want to bring back in keith. A lot of people want to think alibaba is the next google. Buy it now, that thing just takes off for a couple of years. Do you think its that good . First to you, keith. I dont know about takeoff, but its certainly going to gather strength, its going to do so quietly and then, boom, one day there it is, and its going to be a huge, fabulously wealthy company. I said apple, i thought, would be the first trillion company. Im switching horses, and i think alibabas going to take that role. Stuart matt, what about you . This is a company thats coming on with a head of steam, and a lot of people say, well, you know, theyre not direct competitors with some of these companies, but the internet has been very clear that no one stays in their on sand box for long. Look at amazon. Amazon because its competing with other companies. Linkedin, facebook, theyre all bumping up against each other. Amazon even sells a phone. I dont think its a good assumption that alibabas going to stay nice and safe where its been. Stuart matt, keith, thanks so much for joining us. Weve talked about selfdriving cars on this program. Now take a look at this, a selfdriving big rig, as in truck. Could this be the future of trucking in america . We get an exclusive first look at our two p. M. Hour, by the way. Melissa with, that will be money with melissa, the selfdriving truck. 2 00. How about this . Next, the weekly barrons bounce segment. Bank of america, thats the stock pick this week. Lets see whats happening to it and the guy behind the story. Theyre custom made trains. You cant get any better than that. Siemens trains are not your grandparents technology. Theyre something thats gonna change the cities we live in today. I find it so fascinating how many people ride this and go to work every single day. Im one of the lucky guys. I get to play with trains. People say, wow, we still build that in the United States . And we say, yeah, we do having a perfectly nice day, when out of nowhere a pickup truck slams into your brand new car. One second it wasnt there and the next second. Boom youve had your first accident. Now you have to make your first claim. So you talk to your Insurance Company and. Boom youre blindsided for a second time. They wont give you enough money to replace your brand new car. Dont those people know youre already shaken up . Liberty mutuals new car replacement will pay for the entire value of your car plus depreciation. Call and for drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. Switch to Liberty Mutual insurance and you could save up to 423 dollars. Call Liberty Mutual for a free quote today at see Car Insurance in a whole new light. Liberty mutual insurance. Stuart there is more trouble for the already scandalplagued 2022 world cup in qatar. First there were allegations that officials paid bribes to secure the rights to the games, now the a fifa official cited concerns over health risks to the players and fans because of the heat over the summer. A 50 gain in well, well get the time frame in a moment. Here is Phil Roosevelt who writes this for barrons. Welcome to the program. Thank you. Stuart why and whats the time frame, 1725 . Two years. They are finally coming out of all the problems. They got slammed in the financial crisis. There have been heavy legal costs quarter after quarter, year after year. They are finally reaching the end of that, and their businesses are already showing increased profits. Stuart so in two years from 17 to 25, thats the barrons bounce prediction. Plus their dividend will go up in that period stuart doesnt Warren Buffett have a special deal with bank of america . Something like that. Stuart he gets a guaranteed very high rate of return . Something like that. Stuart and he can share those shares if they reach, like, 9 a share or something . The guys going to bake a make a billion dollars on this, isnt he . Now it looks finally like its clear and safe to go in there. Stuart you havent had a failure, have you . Every week you have a barrons stock that you like that you think is going to go up, and you havent had a failure yet, because every monday morning youre on this program to tell us how much the bounce was for the stock you recommended. Well stuart youve not had a failure yet, have you . Some of our picks dont do as well as others stuart has a stock ever gone down on monday instead of up . Not for long if its. Stuart extraordinary. Youve got to keep that a closelyguarded secret, obviously. We do. [laughter] stuart yeah, you do. Phil roosevelt, thanks again and congratulations. Great success record. Thank you. Stuart more varney up next. You know what my business philosophy is, reynolds . No. Not exactly. To attain success, one must project success. Thats why we use fedex one rate. Their flat rate shipping. Exactly. It makes us look topnotch but we know its affordable. [ garage door opening ] [ sighs ] honey, havent i asked you to please use the we dont have a reception entrance. [ male announcer ] ship a pak via Fedex Express saver® for as low as 7. 50. Stuart regret write, were out of time. But Deirdre Bolton is here to carry it through. Deirdre thank you so much. Here are the alternative asset stories we are following for you this hour. Even without selling the iphone 6 in china, this year apple pulled a record of more than ten million iphones. Context on what that means for the company and its competitors. Hedge fund elliot management taking a big state in emc more on its stronglysuggested breakup plan for the company. And a family that built generational wealth on oil sees its heirs abandoning investment in fossil fuels. The rockefellers Business Case later on. First up, alibaba went public on friday, it is the largest Public Offering in u. S. History. The chinese ecommerce stock bolted out of the gate 38 jump at the close on friday. Heres where the stock is trading now, slightly lower. Jo ling kent working on this story for months and months and months. She was on the exchange for it all. She spoke with the cofounder, jack ma. So, jo, who are the winners and losers besides jack ma . Well, big winner, obviously. Some people