Going forward. And the rolling those findings coming up with those findings or making recommendations how to go forward. And i will accept the recommendations. When it comes to Hillary Clintons email, secretary clinton, trying to change the subject within the last hour, this tweet came from her official twitter account. Trump says people should have pride in made in the usa products. Hitting trump on making product outside the usa. Let me start with you. How much damage has been done the last few days to Hillary Clinton . What does damage is having mitt romney say trumps economic policies will lead to a, quote, prolonged recession. It is the Hedge Fund Billionaire saying the trump policies will lead to a depression. Hank paulson issuing an oped saying he is way against some of this has damaged mrs. Clinton if she was not directly involved. And she was confirmed. And there is no basis for prosecution. She is africanamerican, do you think she wants a racist to be president . She was in different, i dont think she is neutral on who is going to be the next president. I will get you in a second. Is that an admission of bias. I will ask you to ask this question. What could bill clinton have said in that airplane that could have changed her thinking. And what could have been received by him that change the dynamic. Apologies for taking a second to get you but what do you make of this. Thread intimidation, things that you do to her. And stuck on the scene, and think of benghazi. And they are all about covering the truth and secrecy. And this doesnt matter. And what this did, and read voter cynicism, vote for the president of the United States, it is reprehensible that this period of impropriety. Why not just invite the president and have the conversation . Connell the politics of it, does this situation, we heard from the attorney general, and and is the race affected, president of the clinton versus donald trump, does it fundamentally affected by the story . This this crooked hillary label and this makes it look crooked. These sorts of things that cause the rise in the polls for mister trump. He is winning as you know in all the recent polls. I dont think this is something that will go away. It cuts across partisan lines no matter how you look at it. Connell there is an argument to be made the trump could be polling better than he is. This has been a tough week for Hillary Clinton. Here is this tweet from donald trump steak take a look what happened with bill clinton, the system is totally rigged, does anyone believe that meeting was a coincidence . Do you believe this affects the race, makes it less likely that Hillary Clinton is the next president . We have two candidates here. The one, republicans say is a racist and enough of and would tank the economy and marks handicapped people and outsources right and left. I dont know if you are a sports fan. Alan iversen said we are talking about practice. We are talking about emails versus somebody who i think the country would be horrified, most people. I love hearing gina say trump is leading in the polls. I would love that because when i am in a competition in the present i am against is living in a dream world, i am ahead. One resolution poll is widely discredited the quinnipiac poll says he is winning with hispanics more than any other republican. 33 . He is also winning with independents via 2one margin. It is not just one poll, it is happening all over the place. Connell this is the argument for today on this story. Thank you for joining us. The other thing, going into the fourth of july weekend, terrorism fears have been rising. People have been telling us that. This is expected to be a record fourth of july weekend. That is what the records say for the second month in a row on top of that new number is coming in that the United States accepted a Record Number of refugees so putting that together, Us Navy Reserve commander joins us on the refugee question. What is the effect speeding up this process . It is not an issue that was framed incorrectly, about america accepting immigrants. We are a nation of immigrants. It is a matter of credentials and trying to ascertain where individuals come from in a western nation like the us, you are born in a hospital, they print your baby feet in ing, you get a Social Security card and there is a birth certificate registered in a clerk is somewhere, you have individuals from syria and other countries where they may not have ever touched the government in their entire life. They get to refugee intake position and all of a sudden they are given documentation. That is something we cant verify and when you have the director of the fbi, secretary of homeland security, saying there is possible infiltration, it is the wrong time to have a policy that is permissive and not looking at the documentation thoroughly. Connell s this is what we on track for. I have heard a number of places that the vetting process is such that it takes a long time to get through the 18 to 24 months, these people, looked them over and if we are letting them in they are good to go. Is that wrong . Why is that wrong . What documentation are they looking at. What are they presenting when they get to europe or greece or captured in a group by the United Nations and other agencies, what are they presenting, something they bought on the black market . It is not a western system with a raised seal and birth certificate. And the post agencies bringing them here are detracting them. Keep an eye on them. Stuart keeping track. When stories come back. It doesnt give the public much confidence. We dont have relationships, it doesnt make it difficult and is a process that needs to be taken seriously particularly with what we are seeing in turkey and elsewhere. Stuart good to see you. All that said enjoy your fourth of july weekend. Let me go back to markets. It is amazing what happened here if you think about what happened friday and monday and how much we are down. If we end of higher by 81 points today all that stuff will be wiped up. We are up 36 on the tao, 17,965. At 4 00 this afternoon we are up 82 points or 83 points the headline will be all the losses from the uk vote have been wiped out and we are back literally where we started. What do you make of that . What does it tell you . Remarkable vote for capitalism in the resilience of financial engineering. This is absolutely par for the course, a nonevent, others for policymakers, not making it happen. I am excited to see that because it means we can get back to business as normal and investors can get back to business as normal. Connell it was friday, monday, here we are, pretty much where we started, do you think that is going too far that it is a nonevent . My take is it wont be smooth sailing forever but investors have digested what was at the time a bit of a surprise move, but as always back to fundamentals. The us is growing at slower than some people would want. Connell we were thrown off by that thought. People were wrongfooted. I didnt think this was going to happen. Now we have to adjust. To get back where we were, the obvious Going Forward question is what is next. Do we just ignore the european stuff. And what is the approach . An interesting point, what we do know, ceos and big companies, doing business. It is an economic event for policymakers but not investors. In the defense sector, medical sector, and there will be volatility ahead. Central bankers come to the rescue again. As an investor you got to be in to win. Based on that point, you mentioned central bank, the bank of england may make some moves, helping the dollar go higher which can hurt us manufacturing. Connell a big story, we have taken for granted, the currency effect of all of this, getting in the weeds, a huge part of this we will hear it. Because of this currency move, advice to investors, if you know a company, you like it, they have competitive products, Competitive Services and you are willing to hold what stock it is, i dont know much about the currency you say i have a strong us dollar, or whatever assumptions you are making, how does that affect the market currencies . Currencies are a logical component of this and the whole idea this is going to go stronger or weaker is overrated to a certain degree. Us companies are going to fill that with bilateral trade agreements, chinese companies, ultimately it will be good for both sets of countries and companies. The policies of the day, the Loretta Lynch story. Have you started watching the election very closely and investment decisions, any conclusions . The way things are going . Hard to remain respectful. I cannot believe, whatever moniker you want to put on this. I want to trust ceos more and politicians less. Connell on both sides. Deirdre is coming back. Another big story. The minimum wage. The minimum wage hikes we have been talking about for months are going into effect in many cases in states and cities across the nation. Former mcdonalds usa ceo coming on this trend, higher minimum wage, and that could be counterproductive, could destroy job opportunities. You guys be good. Ill see you later [ bark ] [ bark ] bye. See ya pal. Ever wonder what your pets do when you leave home . [ laughing ] aw you cutie pie. Aw. Aw. Aw. Aw. [ barking ] [ washing machine running ] partys on know what your pets are up to with xfinity home. Xfinity. The future of awesome. See the secret life of pets, in theaters july 8th. Connell lets talk about the minimum wage. We have minimum wage hikes taking effect in several cities and states around the country. The former mcdonalds ceo, a lot of people are against these moves. Are you worried raising the minimum wage is a bad idea period . It doesnt work economically or is it the extent we are going up so much we cant handle it, to 15 . In my opinion this is really all about the Democratic Party and its leadership trying to buy votes in key states and cities that they need for this president ial election. If you look at the cities, the states, they are big urban areas that have a lot of unemployment in the minority communities. This is going to be inflationary and i find it interesting that when president obama was in canada at his last conference, automation has caused more job loss than trade policy and i think he is absolutely right. I also think significantly increasing to 15 wage is going to cause companies to increase automation. You can see it in hotels that are not doing made service in the rooms every day. They are giving you the option of not doing it and blaming it on global warming. Connell many examples you see as a way this plays out. The idea, back to the original question, is it too much to go to 15, what a smaller increase have been okay . Or doesnt make sense economically . Depends on where you are. I think minimum wage ought to be a state issue because regionally people know better what the cost of living increases are like and what is needed. Stuart no federal minimum wage. Absolutely. New york and manhattan should be higher than iowa but lets get realistic, this is a political issue, not a wage or standard of living issue. Connell from a businesspersons point of view you are running your unit at mcdonalds, what is the first conversation you start to have, you worry immediately about how firing people, is that the thought . I dont work for mcdonalds anymore but i have three of my own restaurants in chicago suburbs. We are in a debate every minute of every day talking about how we can reduce costs. Commodity costs, labor costs and occupancy costs are the big bills and you can control labor and you got to reduce labor and automation is the number one choice because it is cheap to have machines than people come you dont have the headaches that go along with it and you got to get more efficient with trading and things of that nature and customers are going to pay more for the product. We have to raise prices. A 15 minimum wage in chicago would result probably in a 6 to 10 price increase in most products in restaurants. This is crazy and has no end. Connell to some extent with that move towards automation just because the technology is available, becoming cheaper and easier to implement . Wooden that happen anyway . Isnt it already happening . Absolutely. Absolutely spot on about that but it will accelerate the rate at which that happens, it will speed up the acquisition of capital cost items and illuminate people. You have a spiral that is accelerated. It is a ball rolling down a hill to gain speed, 15, it will really pick up speed. Connell what do you think of political candidates the way they handled it, democrats fairly predictable on this and your point is well taken about the area they are looking at and there may be political advantages to raising the minimum wage, people say they got us more money, very simple argument but how does trump come in on these issues . Not a traditional republican even on the topics we have talked about the last few minutes. I dont think either of the candidate whether it is clinton or trump talk enough strategically about the issues and the strategic issue is we need to create jobs in this country because we have too many people who have given up going to work. They just quit working. We cant have that. We got to have a viable middleclass moving forward. Bernie sanders says everything free. Nobody left working to pay the taxes to keep this machine going so we need a strategic discussion and i would like to hear more from both candidates on the best way to grow jobs and have a viable economy and get some of these taxes and regulations out of the way of Small Businesses so we can grow again. We have a pitiful growth rate in this country. Connell thank you, you were formerly ceo of the americas, thank you very much, appreciate you coming on. The markets. 50 more points to breakeven post uk vote, up 30, up 81 and wiped all of that out. We will keep on these magic numbers throughout the program today. The repercussions of the uk vote could be far from over no matter what the markets are telling us and we talk about that next. Connell breaking news from arlington, texas. 6 flags park, people stuck on a roller coaster. Take off friday before the fourth of july this is not in your plans, to get stuck on a roller coaster at 91 . That happened to these people. We saw moment ago the workers at 6 flags coming up to the roller coaster which thank goodness is right side up and taking these people out as they are about to climb the big hill and walking them down the long staircase on the way back. Everybody looks all right. We will keep our eye on them. The same roller coaster, i think it is. Strange place for an eiffel tower by the way. Lets go to blake berman to talk about of all things the bank of england, engaging the stimulus the fed president speaking about the uk exit and the impact that has on all of us back here. What do we know about this . A different kind of roller coaster you could describe it as. The president of the cleveland fed made a trip across the pond coincidentally is the brexit fallout unfolded. He addressed the Business Group in london a little while ago. Investors saying it is too really to judge the full magnitude of the uk leaving the eu means. I will quote from her a bit on that matter. She says for the us economy, the risks and uncertainties surrounding the outlook have increased, it is too early to judge whether the aftermath of the decision will necessitate a Material Change in the modal outlook. The monetary policy, supports a gradual path. There are risks of letting the calendar keep turning. And waiting too long increases risk, and the chance that we would have to move more aggressively, which poses its own set of risks. And mark carney, head of the bank of england, before the brexit vote the growth was low for the uk in coming months. They are also hinting that a Bond Buying Program is possible at certain points. Carney says britain is suffering from what he described as posttraumatic stress disorder on the economic front. He did say it is a matter of adjusting for the uk, a matter of how quickly and not a matter of if. Connell i was listening and also curious what those people were doing on the roller coaster. Blake berman, the dow is up 19. Sarah palin, there she is, speaking, the same venue where donald trump will be speaking, she has begun their remarks, and the heat being turned up against Hillary Clinton, the meeting bill clinton had with attorney general Loretta Lynch. The fallout for mrs. Clinton with Charlie Gasparino coming up next. 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Connell well, i was just curious during the commercial break if everybody got out of that roller coaster . Theyre in the best seat of the roller coaster and apparently going to be the last one out. Have you ever been on this, gasparino . I dont go on roller coasters. Connell charlie joins us not to talk about six flags in arlington but about Loretta Lynch and that story today. So we heard from the attorney general, you know, last hour, she came out in the jonathan appearance that she had and the im trying to dismiss some of the concerns surrounding her meeting on the tarmac but what happens from here, charlie . Is this a big donor issue, for example . Maybe. I think its a bigger legal issue. I think the donors stay with her until she gets charged or Something Like that. I think heres where it just lay out the facts and some of this we should put in context is our reporting. We reported on this on fox business. I have written columns about this i in the new york pos