The money, the assets to be a major player, at least at t hopes they are. Consumers argue their cable bill is already pretty hefty right now about on the street we got mixed reaction on the news that at t wants to gobble up directv. Absolutely. When you have a monopoly and maybe one or or two large carriers supplying to the little guys, the little guys always lose. Its not fair. Help, help. Definitely good for shareholders. See if its good for consumers. I think prices will go down. Its just another competitor cable. Its going to be alternative way to get programs. There was some mixed reacts there. Good, bad, middle. In the short term the at t direct disteal with not impact customers. On the upside. Customers of both companies will likely see more offers bundling directvs 285 tv Channel Service with at t wireless and internet services. So maybe some better deals there. Within a few years at t says the consumers can expect to get more directv content on their mobile devices even streamed into their cars and on airplanes. Customers who only want Broadband Internet service can get video through Services Like netflix and hulu. They will be offered a stanalone Broadband Service with guaranteedded prices for three years. As for directv customers they can continue to get a stand alone service at the same basic operates they have had for the years. What happens after this threeyear period . No one knows but critics say less competition leads to higher prices because consumers have fewer choices. In this case at ts uverse product is offered in 32 states and compete with directv so that could be an issue because the combination would reduce customers options from four to three or about 25 of u. S. Households. So, the question is, that is what federal regulators have to decide, neil, what is in the best publics interest. Always a very vague issue. New technology could change all of that. It could, absolutely. Ashley, thank you very much, my friend. Ashley webster. Are companies hooking up at the pace they are now because they see something down the road right now . Well, economists barry thinks so. The author of the great crash ahead. And ian disagrees. Harry, your opinion is theres going to be hell to pay. But youre saying a big old market crash. Why . Well, this is another sign we have been saying for the last few years of a bubble beginning to burst. We saw this in 2000. The tech bubble peeked and then crashed and then 2007, another bubble, the slight new high, and then crashed to lower lows, and now were at higher highs on the dow, and ng to around 17,000 didnt. Oh was the mergers see a big crash. How would these mergers call that into question. The more a boom builds, a bubble or bull market, the more Companies Get confident, just like investors, the more they invest, the more they have mergers and acquisitions and ipos, so this is a sign were getting closer to a peak and doesnt mean its not a good thing. The companies consolidating can be a good thing for consumers and i dont worry about consumers getting hurt by less competition. The next downturn will bring prices down, not up. Most of the time, not all the time, when companies are in the frenetic merger game is presages something bad. You see its lot. So, epa, so, ian, what do you see happening . I can give you a lot of reasons but companies are taking advantage of very cheap debt. Thats what has fuel the market, pretty much the entire movement of over the laughs here to years. Theres an insatiable desire for corporate debt. Raise debt, buy your competitors, seems to be a winning strategy, but as far as the consumer, were talking about what is good for the consumer in terms of pricing how about the fact that nip stead of hiring people and spending money on cap x, well buy other companies because rates are low. So the way the consumer is getting hurt is just in the fact this is not what you want to see for economic recovery. I just worry about the eyepopping deals here, how a can turn its nose at 120 billion offer and say were not interested. And when i see a an Online Program get unloaded for 19 billion, i begin to wonder whether this is getting frothy already. Well, it is getting frothy, and the winners are the companies being acquired. Those are the ones im Consulting Companies saying sell now if you can because theyre selling at highunder multiples. So those are the winners. Now, the larger companies, they have low cost debt, unprecedented due to the stimulus and low interest ratess and their stock prices are higher. I dont consider this we should pause to make clear, at t is doing both here, paying with low cost debt and using stock as a transaction for this. I guess, ian, it comes down to whether regular laters will approve this. If you allow one, do you allow them all . Risk any wrath if you let comcast and time warner go through or will these be seen on individual merits . I think they should all go through. The government has swung the pendulum the other way and so now it would be a great opportunity to let American Companies combine and be more competitive. I dont see any reason, given the upstarts lining netflix and, ate, the way the entire industry has changed. For the same reason you can combine Companies Like sirius and smr, things have changed. What do consumers get out of it. In the case of comcast or time warner, neither nobody for customer service. If two companies known for Lousy Service merge into one giant entity, i have no choice. Right . I have to accept that Lousy Service because now thats all it is. Thats one solution. You accept the Lousy Service. But you win by buying stock in companies because theyre going i just want them to fix my cable when its out. I want them to responsible to a phone call and thats what i think consumer groups get angry about when they come together because they make Financial Sense but theres little incentive for them to look after consumers after the ink is sign on the deal. Theres i have verizon in my apartment right knew trying to fix issues. A good point. But at the end of the day, theres limited choices, but given a capitalist society, this will flush itself out eventually, and the companies that are the best companies and the best service will win. Just takes time. Are we missing the Bigger Picture here . If this is a sign of sort of them getting their ducks in order before the flood, how long is that sorting out process as you see it . I think its going to take the next six years. I refined four critical indicators, demographic. Joelow political, comedy, and a boombust cycle that make most difference over the time, they all point down from mid2014 to late what are we getting, d. Well have a big washout what is a big washout. This guess for this consolidation what is a big washout. It is 17,000 near term in the dow down to 6,000 by 2016 and dont come out of this down to 6,000 on the dow. 6,000 by late 2016. Thats my rough forecast. Ian, is he being severe. Not much more than we saw i dont know. On the last downturn. Im about to get my cash and put it under the mattress. Im nervous now. Thats what were recommending. If being bought out i would cake my car can cash and run and be a happy shareholer. I would take the deal. I would say youre right. I would say this. While not necessarily bullish but as long as you have china, japan, the eu and the u. S. All putting their foot to the pedal from the central bank were not going to 6,000. Okay. Germany has the worst demographics than japan in the 90 and i was the only one to call the crash in japan. Germ enough is going down, europe is going down, china is going down. I hope a lot of you at home have not had dinner letout maybe you should buy stock in smith and weston at a minimum. Okay, lovely. Exactly. Fair and baseballed. Just romp it up or kill yourself. Meanwhile, messing with conservatives is one thing but hurting our veterans is another thing. The white house is just finding out the hard way. Ben well, that was close you aint lying let quicken loans help you save your money. And the award goes to ceramics house. Congratulations. Thank you. The success of your Small Business depends on results. Go vests all organic, and theres tons of info on our website. Thats why you rely on the best for your business. And verizon delivers the best devices on the best network. Youre all big toes to me. So go ahead, stream and download with confidence on americas largest, most reliable 4glte network. Activate any 4glte smartphone and get 100 off. For best results, use verizon. Have your next burger with a side of awesome. The oneofakind, creamy blend of sweet and tangy. Miracle whip and proud of it. Just how bad is this va scandal getting in so bad the shoddy treatment of veterans with serious conditions extended way beyond the phoenix, arizona, facility, where dozen dozens of preventible deaths were discovered. Now a secret waiting list to hide delays for veterans seeking crucial treatment, and va secretary Eric Shinseki step down and step down now to ed henry on what is now becoming a bipartisan outrage. Bottom line we have been tracking this for a few weeks and we have now reached at least 19 states where this scandal has touched va hospitals. Gives you an idea of the growing pressure on president obama who has not spoken out since late april on this scandal. In terms of what he expects to happen here next. Today jay carney was pressed on a number of subjects on this, including the fact that the Washington Times is reporting that during the 2008 transition the bush team warned the obama team there was a problem with va hospital wait times. This problem predates the Obama Administration and they have had nearly six years now to deal with it. Jay carney insisted they increaseed the va budget every year, trying to attack the problem. Another republican today came forward to say, secretary sin second can i must re shinseki must resign. If tall these great to goes are happen, and you say the president is mad has hell im sure youll hear from him on this issue soon. He did speak to this in responsible i can remember if it your question or somebody elses when the allegations first arose. Get the general shinseki is mad as hell, the president may be madder. But the reality is the president has over and over taken every step he took avoid taking any leadership decision. Now, late friday, the administration did announce that robert petzel, the undersecretary for health at the va, was stepping down. Turns out he announce out in september he would be retiring anyway. Nonetheless today jay carney held that up as a sign the administration is serious about Holding People accountable. He kept noting the American Legion wanted that official to step down. Of course when it was noted to jay that the American Legion has also called for shinseki to resign he said the president still has confidence in shinseki. Now to phrase youre on how he thinks the president is handling this, he is outraged and mad. Its interesting on thursday general shinseki was mad as hell, yelled the president was quod he was madder than hell. So theyre getting progressively more mad. What he has to ties address it, act on it, and in what way. Has to do it soon. He has to this is he has had time to talk about michael sam being drafted, and donald sterling. This is a serious issue, as you said. There are reports,en confirmed, that as many as 40 people died from waiting for the va hospital to treat them. So, he has to look like he is taking charge of this, and he has to usually that involves firing someone, usually involves i cant believe im saying this a commission to look into it. The white house strategy for other chryslers, including ther is and is going after conservatives, is to wait it out. Run out the clock barks the wrath and the rage will just peter out. When it comes to our veterans im not so sure. I agree with you completely. And that is their history. They wait until the thing rises to the top of the news cycle. Irs, benghazi, the same way. Jay carney gets out and kabuki dances and tries to move the problem off to the side. This wont go away. He has to do something. The easiest thing he could do is fire general shinseki. They the easiest. What he has to do in any case is address it, say, heres what were going to do about it. Heres what we found, and he has to do this va thing is a mess. We were already developed about paperwork and benefits getting screeds up. Enough its escalated to life and death issues where veterans are dying. So they might still be subscribing to the view if we wait this out the anger will dissipate. Whats the first could clue it wont. Its starting to gain credibility i mean the difference the democrats are getting enraged. And absolutely right. What the Administration Says is were deliberative. And others say theyre indecisive. What. The president 0s demeanor. A compliment prom the friends he is no drama obama. But he hayes three years left. The image on his the reputation now is he is too detached. Powerless, the critics charge. He has to take charge of something. This is the kind of something he must mad as hell and say your madder as hell, how do you illustrate that if you cant fire or wont fire someone because im afraid this comes town to, well have an independent body look at this, or commission, and we know where that goes. You con front it and says here what we found. Heres what we determined to have happen, and heres how were going to deal with it, and that dos tao you thinkll do that. Thus far this particular president has not been goodded a confronting these kinds of issues. Something. Frazier, thank you very much. Meanwhile, so much for the world being awash in oil. This memorial day weekend youre still going to get reamed at the pump. Im type e. My golden years will not just be gold plated. I had 3 different 401 k s. E trade offers rollover options and a Retirement Planning calculator. Now i know when im going to retire. Not if. For 175 dollars a month . So our business can be on at ts network yup. All five of you for 175. Our clients need a lot of attention. Theres unlimited talk and text. Were working deals all day. You get 10 gigabytes of data to share. What about expansion potential . Add a line anytime for 15 bucks a month. Low dues. Great terms. Lets close. New at t mobile share value plans. Our best value plans ever for business. I quit smoking with chantix. Before chantix, i tried to quit. Probably about five times. It was different than the other times i tried to quit. Along with support, Chantix Varenicline is proven to help people quit smoking. Its a nonnicotine pill. Chantix reduced my urge to smoke. That helped me quit smoking. Some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. If you notice any of these, stop chantix and call your doctor right away. Tell your doctor about any history of Mental Health problems, which could get worse while taking chantix. Dont take chantix if youve had a serious allergic or skin reaction to it. If you develop these, stop chantix and see your doctor right away as some can be lifethreatening. Tell your doctor if you have a history of heart or blood vessel problems, or if you develop new or worse symptoms. Get medical help right away if you have symptoms of a heart attack or stroke. Use caution when driving or operating machinery. Common side effects include nausea, trouble sleeping and unusual dreams. My quit date was my sons birthday. And that was my gift for him and me. Ask your doctor if chantix is right for you. Before you hit the road you might want to get ready to be hit at the pump because gas prices are rocketing. A nearly here to month long up interrupted advance, up 30crests a gallon higher at the start of the year. First, what is going on here . I thought the argument was, plenty of oil, plenty of gas. The wind at our back, lower bass gas prices. What happened . Well, you know, basically this cold winter. I do think that as time goes on, once we get the infrastructure in place and the refineries built, we get the pipeline from canada to get up and running never happen. Keystone never happens. Then what. Well be paying more bus were not moving oil in the most efficient way. We cant even keep up with the train cars full of oil. Theyre backing up because we cant move it quickly through it. The most efficient way to move oil, the cheapest way to move oil is through a pipeline, and the longer you delay it, its going to cost more for oil when it gets to the United States. But ill tell you this, neil. The quality of oil were getting is unbelievable. Very high quality oil. Our refiners cant even refine it, its so pure, and what is going to happen, once we get used to refining the higher grade of oil prices will come down but it will be growing pains. Do you think that politically, by constantly delaying keystone, maybe to satisfy his environmentalist base, he is just shooting himself the foot. Unions want this, or merrily going on without this and people would be stunned i think lot of people have absorbed the new normal. I filled is my car today, 4. 16 per gallon for the middle grade. You didnt get the high test or anything . No. I get the middle grade for my car. This is a lot of money it takes for the average family to fill up their car every couple days or once a week. People have already built that interest the household budget. But politically, people having less dollars of disposable income when they see so much going to their gas bill, especially the summer months when most families hit the road, go to the beach, travel, go to the mountains thats when thell start to aattention and can that states this weekend with memorial. That will have an impact on the administration. You remind me all the time, these up and down movements in gas prices are fleeting and can be dominated in the moment by geopolitical develops, russia, and ukraine and what have you. Where do you see all of this going i mean for the rest of the year . I think were near a peak. I do i think the refiners are coming out of maintenance. Going to be refining at a record pace. Well produce more gasoline is in country probably this year than before. But you have wide cards. You have the situation in the ukraine. Unstable going on in libya. And what happens is when you have those disruptions in other parts of the world, they look to the u. S. Now to increase our production, export more product. That drives those prices a lot higher. But you know, when you get back to the political thing that monica was saying, where is the outrage . When president bush was in office, as soon as prices went up you had every democrat saying that bush and cheney, the cab ball. A cabal, yes, with big oil, and right now we dont hear as much anger. We have gotten used to getting banged over the head and they think it is Holiday Travel is supposed to be the highest since 2000 they tell is gas prices the media doesnt cover 4 a gallon gas they way they did with bush when it was 2. 50 and they tarred and feathered him over that. Even opec has continue crease its output. Libya, nigeria, all this instability around the world and the middle east, per per perennially unstable. The Keystone Pipeline is critical to get is to we have a shell Oil Revolution going on and that needs to keep going so we can be energy do you pump your own gas. I do. You ask the driver hutch i grew up in new jersey. You dont have to pump. When i moved to new york i had to learn. So now aim a clean pumper. Thank you very much. Something else that could be bad for gas prices, and monica touch on it. Russian president putin didnt just say crimea. Now he can tap all of his oil rich waters deemed worth trillions of dollars. Those financial gains dwarf any sanction losses russia is facing it would explain his rather militant posture, right, kevin . He knows whatever factions he faces he makes more money off the land he conquers. Its a winwin for him, neil. The amount of natural gas reserves he is getting he knew this full well before they went in there this is the prize, a victors spoils. Drilling offshore, thing extraic location, amount of reserves, way for outweigh any sanctions put in place. So the stick is not as tough as the carrot. Right now the carrot is winning out. Being in estonia, you know the region very well, rumored to be among the targets he wants. What does that offer him and what how can he capitalize off it . It sure does. All the Baltic States have different exams of value to commodities of value to mr. Putin. Bella ruiz, the third larger producer of pot ash. That is very desirable to them and they had a close real estate with them in the past and they could take them over again and be part of russia. You also have here in estonia, heavy shale mining and that could be very attractive. The problem with estonia were part of nato and the eu and it would be an act of war, but as i said before i don think that nato at the end of the day would come to the rescue of estonia but thats left to be seen, a lot of other commodities in the ukraine. Its the bread basket of europe. So theres a lot of commodities in these various countries that could be very desirable to you and i expect them to continue to move forward in these countries. You know, this could explain quite brilliantly why putin ignores and continue doing what he does in light of these sanctions. For one, as you reminded me, europe done go very far because it needs the oil its getting from russia and things could be hell of a lot worse if it tries to keep poking it. Its not putting too fine a opinion on it that all of these countries have a bigger value. They transport Energy Products to europe, goes right through them. So able to take them over, its going to make it easier for him to manage his supplies and sell them to europe, or not. Amazing. No wonder why he never shows any fear. No reason for him to. Kevin, thank you. Be safe. Thank you. I think he has a home there forget about whether the admission is dithering over russia. It just threw the book at china. But why . [ male announcer ] legalzoom has helped start over 1 million businesses. If you have a buness idea, we have a personalized legal solution thats right for you. With easy stepbystep guidance, were here to help you turn your dream into a reali. Start your Business Today with legalzoom. Were here to help you turn your dream into a reali. If yand youre talking toevere rheuyour rheumatologistike me, about a biologic. This is humira. This is humira helping to relieve my pain. 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You should not start humira if you have any kind of infection. Take the next step. Talk to your doctor. This is humira at work. All stations come over to mithis is for real this time. Step seven point two one two. Verify and lock. Command is locked. Five seconds. Three, two, one. Standing by for capture. The most Innovative Software on the planet. Dragon is captured. Is connecting todays leading companies to places beyond it. Siemens. Answers. The nba has already filed formal charges now against donald sterling, the owner of the l. A. Clippers, over racial comments and what have you. A june 3rd hearing set on which they we vote to terminate his ownership of the los angeles clippers. c he says he has no intention of selling the team nor pay the 2. 5 million fine the league threw at him. So this looks like its going to get pretty, pretty interesting. That team, the clippers, could be a billion dollar franchise. Keep in mind he paid 18 million for it. So no matter what happens he will leave a very rich man. Then theres this. Today we are announcing an indictment against five officers of the Chinese Peoples Liberation Army for serious Cyber Security breaches against six american victim companies. I think this is us hacking back. The Justice Department charging five Chinese Military workers with hacking into u. S. Companies computers and stealing valuable information, including design plans for a Nuclear Power plant. All those charged allegedly work for the Peoples Liberation army and reported live with the blessing of the hirer ups in the Chinese Defense establish. Morgan rise on what happens now. What do you think . Nothing. Nothing happens. This is the biggest exercise in futility since my seventh grade team took on the Chicago Bears for the world championship. Theres nothing there. You so they indicted them. We dont have an extradition treaty with china. They wont stop. The five people, they got 26,000 people trained in the art of cyber warfare. This is as a former cop id love to see something done but is this meaningless. Nothing will happen. The chinese respond, theres nothing to this and effectively said, youre fine one, United States to be talking about spying. So they seem to be shrugging their shoulders and moving on. Whats our risk in just calling them out on it. For one thing people have to understand theres a big difference between what the chinese did this goes back to 20062007 of targeting our i. T. Infrastructure theyre trying to bend the r d things like solar energy. Thats what we pay them to do. They do not take the results of if the spying in order to get an economic advantage. They dont give it to boeing or cisco or anybody else. So theres a huge difference between our stated purposes and what they do. What will this cause . Its a statement in the paper, it shows theyre trying to do something which is actually ineffectual but at the end of the day the amount of spying they do and activity against us will either stay the same or increase. Not going down. If youre china and looking at this and you want to respond in kind, much like russia responded in kind to threatened sanctions by saying you wont provide these ride of rides to the International Space station, how does that sound . What could china do. They own a lot of our debt and the fear is they could play hard ball with hard ball. Where do you see this going . Have a lot of economic advantage overs, especially in the area of owning debt, and a lot of other things around economics and business and stuff. They could make it very rick for us to ship our goods over there. We have hightech companies trying to establish joint ventures in china. People like coke cisco and people wanting to get a piece i always think that were always on defense with the chinese. I think they need us a hell of a lot more than we need them. The buy a lot of the stuff. Thats why theres a huge trade deficit and why they finance that to buy back our paper, to keep it going you argue that our responding in kind here, being very tough, is our way of showing the chinese were not going to take your crap, or am i giving them too much of an advantage . It would be nice if somebody in the administration would recognize they have the advantage. Right now they play defense because thats what theyre used to doing with china. China says we own this stuff and were going to call in our debt, and we say, okay, well make concessions. But the real problem here is that this program is not decreased but increased. Even when the report came out in january and said it took a private Sector Company to call the chinese on the carpet and get the administration to too something. Had that not happened we not be having this press conference today. Theyre still doing it. Morgan rice, cybersecurity analyst. Thank you. To hear tim geithner tell it he is a hero and saved the country, the media might want to listen to charlie. [ male announcer ] Identity Theft. 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. You think simply checking last months credit score test test test test tehensi theft protection available. 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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. Former treasury sect tim gaiter talking about how he handled the economic meltdown and single handedly saved the world. If charlie is right the secretary never saw this coming. Explain, charles. In his book, he makes it like he saved the world. Im reading his book, stress test, reflexes on financial crises. Making it a plural but a heres the big flaw in this book, my view and back up by all my coverage of this, plus my research. Ive read his deposition, a sealed deposition in a private lawsuit where they ask him below the financial crisis and his bailout of aig. He had zero clue that this thing was coming down the pike until which thing, the bailout or the whole meltdown. The whole meltdown. Because to hear him tell it he saved the world from certain death. I just his lawyers its essentially the government lawyers because greenberg sued the government over the legality of bailing out aig. They say its illegal but if you read his sealed deposition, which i have read ive read ben ben Ben Bernankes sealed deposition. These were deer in the headlight type people. This started preobama. Middle of the bank crisis he was new york fed the top regulators of the fed. He suggests in his book he made warning signs at capital. If you read his deposition, which i have read, he basically cop seeds he had no concedes he had no idea a lot of this stuff was about to go. We were covering him in different ven venues, what was going on in housing, and i dont remember him making any speeches or statements that hell was to come or big warnings. In his book he says he didnt warn, the pulled out a couple of speeches but heres the reality. If he thought he would have some if you read his deposition, he met with the head of aig about three times before aig blew up. And aig is important because it insured all the toxic debt on the books of the banks. So if aig goes under he is now saying he is nose nostradamus. I heard him say you cant expect do you are double digit increases, when people use their homes ace piggy banks, verse saying he he gave speeches where re talk about vulnerables but he wasnt banging the dream, and according to his deposition, he had no idea that aig was such a linchpin of the so you think hes a liar, liar, pants on fire. Heres what i would ask tim guider in and ben bernanke and paulsen do, release the depositions. Never see it. Ive seen it. Never going to see them released. We should be able to see that. Theyre just putting their spin on the financial crisis, and you dont learn from it ump you learn from hi deposition david boyce, great democratic lawyer, took the depositions. Its worth the public seeing every bit. Not the case he is making. Charlie, the pest best on the planet, and he sees depositions. He loves to read depositions. I thought arson set off these fires . Why is governor jerry brown blaming Climate Change . We like. You decide. Even when we cross our ts and dot our is, we still run into problems. Thats why Liberty Mutual insurance offers accident forgiveness if you qualify, and new car replacement standard with our auto policies. So call Liberty Mutual today. And if you switch, you could save up to 423. Liberty mutual insurance. Responsibility. Whats your policy . That corporate trial by fire when every slacker gets his due. And yet, theres someone around the office who hasnt had a Performance Review in a while. Someone whose poor performance is slowing down the entire organization. Im looking at you phone company dsl. 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. Still burning. Theres virtually no republican who aaccepts the science that virtually is unanimous. There is no scientific question. As we send billions and billions of tons of heat trapping gases, we get heat and we get fires and we get what were seeing. Really. Heritages david gutser says this whole thing is absurd. Even in the face of Police Investigators and fire investigators in and around san marcos who had been targeting these kids as having set this off, we always go back to Climate Change. What do we make of that . Weve had teenagers with matches for a long time. Weve had droughts much longer. In the past thousand years, weve had multiple droughts, ten years or more and a couple that have been in the hundreds of years. I think Climate Change has to take a backseat to teenagers and just normal weather to explain these wild fires. But Climate Change always seems to be the sort of the excuse for any climatic shift or big event we see, whether they are tornadoes or turks hurricanes. Im not all that old, but i remember a lot of these veepts throughout the course of my life. What am i missing . You are not missing anything, and Governor Brown is wrong. People are not denying the basic science which says co 2 is a greenhouse gas. When they say increases in co 2 are not leading to ka tros fee, were not seeing it yet. When you look at the data, they find no trend in doubts droughts, floods, hurricanes or tornadoes. Its not Climate Change thats causing these weather disasters. But Climate Change is the issue thats raised the most and now part of the u. N. Effort and the u. S. Led effort to make sure we address that. I think until everyone is on the same page, do we spend trillions of dollars fixing a problem that maybe is not being created and cannot be mansolved. What they have is a very nonsolution thats expensive. Were talking about trillions of dollars of economic damage from a lot of these Climate Policies but everybody agrees that these policies would have no impact even if we were on a trend toward disaster. Its a trend that were not on. So were not heading to disaster and we were, these policies dont solve t. Amazing. All right. David, thank you very much. As david and i were speaking, weerp just getting an update now from the u. S. Justice department, its formally charging the International Credit with tax evasion. That would make 28 billion did barngs have paid in fines as a result of a meltdown that has prompted a lot of them i couldnt say to cough up and keep coughing up. More after this. At od, whatever business youre in, thats the business were in with Premium Service like one of the best ontime delivery records and a low claims ratio, we do whatever it takes to make your business our business. Od. Helping the world keep promises. [ male announcer ] great rates for great rides. Geico motorcycle, see how much you could save. Finally, would you pay more for aburger to give the folks making it a boost. Thats what this whole minimum wage hike comes down to if you think about it. History suggests that you wont, but that have not stopped those pushing higher wages that say you will. They say you will gladly folk over fork over a few extra values for a happy meal. Every time mcdonalds raise the price on those value meals, customers disappear. Its a stretch to think they will stretch even more this kind of stuff. Just look at walmart and its latest earnings warning that consumers are holding back. With wages the way they are nout, apparently shoppers are seeking lowerpriced venues like the dollar store. It make you think about dollar menus turning into 2 and 3 menus. Can they resist the temptation to oomt those stores because of those higher wages . Think about it. Were already getting our own soda and sometimes picking out our own food. Whats to stop these guys from having us scanning and payi you . Do you really think paying those workers more is going to reverse that slide . Now, im all look for a higher minimum wage and finally pegged to inflation to end this ritual once and for all, but hiking it nearly 40 right now and not thinking prices are going to have to go up at least of that that season, lets say completely and wholly unrealistic now. Im not even pushing for 15 raise or a 25 one. Unions looking for new members, they love it. They are the ones getting these workers riled up to protest but are they really pushing those folk right off the plank and when they say such raises will pay for themselves because the workers will spend it all right where they work, isnt that assuming that they will have a place to work . So you tell me, who is really callous and who is really clueless and when it comes to all those burger workers who is really getting kick in the buns . Just be clear. Be fair on this whole minimum wage debate, understand the math, and what happens when you make costs get to the point where the boss cant afford it . What do you think the boss does . You dont have to like him. You dont have to hate him. Its just math. Hello, everyone. Im kimberly guilfoyle, along with bob beckle, eric bolling, Andrea Tantaros and jesse waters. Its 5 00 in new york city and this is the five. They knew. President obama and his Incoming Administration were reportedly warn by the va about Severe Health care backlogs for vets back in 2008, so why has the president let dozens of our veterans die waiting for treatment . The whois claims theres no one more outrage about these backlogs than our commander in chief. The president is madder than hell, and ive got the scars to prove it. No matter is more