And say this is so, kind of like all americans are winning the lottery and it is happening now and it is happening everywhere and i am betting it is going to put a smile on your face. Welcome, everybody, i am neil cavuto. He reported Terror Threat we may all face and an angry fbi of all things slamming google and apple for parenting not doing their part. What has the fed fuming is all the phone data they are not sharing. Heres what has fbi director furious. Apple and google are marketing or will be marketing phones that you cannot hack. The latest smart phones are so smart their encryption so secure even with a search warrant Law Enforcement officials cannot penetrate them. It is a matter of National Security that they be accessible. Especially with the heightened Terror Threat these days so is that his way of saying google and apple have a patriotic duty to do what he says or else . To the author of how google works, executive chairman and one of the worlds richest individuals, eric s
Deal with the systemic shocks, but we are seeing good things with the jobs increase, but on the other side, the lowest labor force in over 36 years, and you can explain away the gdp number in the First Quarter and the consumer is 76 of the gdp, but you cant explain it away for june. There was not bad weather in june and you saw 2 of the retail sales increase, and the average person is starting to feel this pinch. Wages have not gone up in about 15 years, and in real terms, and you are seeing the prices going up, and you are seeing the ground beef up 16. 5 , and oranges up 28 , and you are e ssee ing the cheese up 11 , and gas prices are down the last couple of months, but with all of the tensions in the middle east, i cant see that happening throughout the rest of the summer as the driving season is upon us, and the risk to me is that if this Price Inflation gets worse, because we have no way to deal with it with low Interest Rates from the fed. And tracy, it is not just the consume is
Steps that we are working within the confines of my executive power but i promise you the American People dont want me just standing around twiddling my thumbs waiting for congress to get something done. Melissa i dont know about that. Bring in todays panel. Fox businesss own Charlie Gasparino. Tom sullivan with us as well and marshall aurback from the institute of new economic thinking. What did you think about that, charlie . I think i hate the most about that he is dropping his gs. Did you ever notice, sitting around wait inch . Melissa why does that bother you. Bothers dan henninger, whenever he makes a point about use of executive power melissa condescending to the public. Wants to be a regular guy and it just sound condescending. Melissa what do you think . Classic second term. He news he doesnt have to run for anything again. I think Valerie Jarrett is very much behind this thinking. And he has a very small, closed group that is telling him these things. So he, i think he believ
Dierdre the markets melissa markets in the mid of a rally, up50 points despite us air strikes in iraq and continuing bloodshed in the gaza strip. Two use fighter jets dropped 500pound bombs on isis strongholds just outside the kurdish capital of erbil. President obama reversing policy authorizing military action saying, quote, america is coming to help. We have James Frischling and barrons Senior Editor jack hough. How do you explain the Market Reaction to all this . If the markets were tanking we would blame it on the bombing. Melissa absolutely. I dont think there is any connection. What peel look at with stocks. There is possibility of fed unwinding stimulus on the market. That could hurt. You think about why the fed is doing that. Because the Economic News is pretty good. I think in the long run this pause in stock returns is good news for stock investors. I think there are some buying opportunities. Melissa james, the world is falling apart though the why doesnt the market seem wo
Whether big brother is here, and what to do about it, that is our show tonight. Were in las vegas for a special edition of our show. I am joined by almost 2000 people, who care enough about liberty to come here to a conference called, freedom fest. Worlds largest gathering of free minds this years freedom fest topic is big brother. The phrase comes from George Orwells 1984. About the future where people are watched. Big brother is watching to scare people who might oppose the regime. Is that America Today . This group says yes, and yes say people protea party groups like matt, and jenny. But before we talk to you. Lets talk about another way some say government controls us by manipulating our money. And you say that is a form of big brother, steve forbes what do you mine . Money is measure of value. It picks winners and loser when the government regulates it, it hurts the economy. Our growth rates are falling. What do you mean manipulate, they want to keep it stable . Stable, they keep