Stuart it is a big name. You know it. Look at the stock. Amazon plans to announce a smart phone of its own. Come on in, charles payne. You give the razor away. Amazon still starting to tread into the hardware side of the business. You make a lot more profits on this side. Topline growth is fantastic. At some point, you have to start making money. A lot of hardware stuff for a company. They do not get the benefit of the dow like they used to. Apparently, this smartphone will be able to project 3d images without those glasses. Stuart oh, really . That i did not know. That could be huge. It is a platform to sell more stuff. Stuart you stay in touch with friends. That is facebook. Would you bank through facebook. In europe, it is getting ready to launch a Financial Services system. They want to license it. Sandra, that is a huge leap for social network. It is logical. Lets keep in mind the Business Strategy here. Facebook has been looking for a way to get into the emerging markets for quite some time. They are launching this in ireland first, by the way. This Financial Services, you know, it may sound like a stretch. It could be effective in some of those developing nations. Listen, there is a firm that does research. 1 of people trust social networks. 1 versus 43 . Facebook had a product called credits. It did not work out. Obviously, they have to throw as much as they can against the wall. Stuart it is a work in progress. Check the big board. 16,000. That is a rally. Up almost 1 . Look at the nasdaq. That is dropping very sharply. Now, it is back well above 4000. Nicole, higher profit helped the overall market. City is up. Nicole it is up over 4 today. They came out with numbers that surprised wall street. They failed the stress test with the Federal Reserve pertaining to buyback and dividend and the like. Fixed income was one area of weakness for citigroup. That is the market. City up. Very nice indeed. I have to reveal a negative for you. Gas prices. Coming a story again. It has gone up 23 days in a row. Obvious question. Four dollar gas, here it comes . Maria aaa is ruling it rolling it out saying we will see gas prices peaked around three and a quarter. Watch this. A major story for the consumer going forward. It takes away from where they can spend the money elsewhere. You have a weak dollar because of what the fed has been doing. I think americans i think we are used to 4. Retail sales number out today is a remarkable number. People are sort of redirecting. That was our gigantic number. Stuart you mean the weather, dont you. Charles you wanted us to use the polar vortex. Adam do not put words in my mouth. [laughter] how is this for a number. The top 20 of earners pay 90 of all federal income taxes. The top 20 pay for everything. They pay 90 of all income money that pulls into the fed. Do you know this . Do you care . I do not think that it is the top issue on their radar. A rightleaning think tank said would you prefer reducing spending or raising taxes. Meanwhile, they said to you support raising taxes on the rich. They said, yes, i do support that. Very different answers depending on how you frame the question. Such a narrow group of people pays for everything. The top 20 pays well over 90 of all federal income tax. I just do not think people know that at this point. Are you aware of how much they pay. Do you know that the top marginal rate is a different percent. He was startled. Prereagan, that rate was 70 . He did not believe me. This is in fact the number that people are paying. I think you are absolutely right. Stuart Young College people who will get out in the world fairly soon, they have to repay their student loans. A lot of people really in the hole without one. They will pay this tax regime. It seems to me that that whole thing, taxing the risk rich has not sunk into millennials. I do not think that their votes have been converted from the left to the right. That is definitely true. They will be startled when they see the amount of taxes that come out of it. Even if you are not making that amount of money, you still feel it. Millennials notice. When they enter the workforce, they will see something and be pretty surprised by it. Stuart you are going to be a lawyer. That is right. I am not already. I have submitted some applications. Stuart just out of interest, what area of the law are you going to go into . Constitutional law. It is my favorite. I love it. My primary area of interest. Stuart have you been following the nevada rancher story . I have. A little bit. It is quite interesting. It is a sad scene. You make sure you tell your millennial friends what is going on in america. We have the dow industrials now up 117 points. Bubba watson carrying his son to the crowd. This is how he finished off his final hole. Watson wins another green jacket at augusta. Stuart i thought it was a great tournament. I love it when good guys finish first. Charles she was willing to root for bubba. He did well. That was a brief by from when i was with i missed last week. You have to admit i was coming close. Charles we will give you credit. The guy did come in second. He had the lead for a brief moment. I miss said varney got it dead wrong. Technically, he is dead right. He did not make him miss tiger off field. I want to see the ratings for that. The feds backing down from that standoff with cattle ranchers in nevada. He has not paid grazing fees in 20 years. Why are the fed standing down. Judge napolitano is on the case and he is next. Okay stuart monday morning. Triple digit rally. When stocks go up like this, what happened to the price of gold . Up. 103 a barrel for oil. Twitters first walk up. Expires. Twitter executives say they will not sell. Two and a quarter percentage point gain for twitter. The parents of that boy who killed four people while driving drunk will only have to pay a fraction of his rehab bill. He avoided jail time. He did not know better because he is rich. Turns out taxpayers will be picking up the majority of the tab for you this rehab. Apparently, they pay the equivalent of two days a month of treatment. Stuart his parents, the rich parents pick up two days a month. Charles 1100. Stuart whoa. I blame it on the prosecutors. The government did not trust the facility to provide the Rehabilitative Program to the kid. The government insists his kids go to another facility where the state pays 90 . The government took a losing case and made it worse. The whole thing is the governments fall. Stuart the rehab center was just a rich mans place. I do not thank you can say that. A lot of places provide you with a lot of services. Remember, he is beyond jail. He cannot go to jail. He cannot be punished. This is to rehabilitate him. The one he is going to is just as pushy as the ones one his parents wanted to send him to. This prosecutor has taken a losing case and made it worse. Those cattle are hours. They stole them from us. They have realized it. They are our cows and they get to come home. Stuart judge, why did the feds a sickly back away here . I think the feds were feds were suffered such a terrible pr loss this is fundamentally unfair. This rancher has had his day in court and lost. The issue was who owns this land, you, the state of nevada or the federal government . The federal government should not be decided what land the federal government owns. He lost the case. Instead of resolving this in a peaceful way, they swooped in with black helicopters. With assault rifles aimed and ready. Stole this guys property, just as that woman said. They stole the cattle. Just as egregious, they establish something. They established a 25yard by 25yard squared off area with duct tape in the middle of the desert and said, you want to protest, you can go in the square and protest. The square was 3 miles away from where these events were going. This is the federal government inoculating the First Amendment rights. Stuart some of the protesters turned up with guns. They have no ability whatsoever. The rancher lost the case. I do not know if it was fair or not you need to take that amount of money that he owes and docket. The same thing you would do if i owed you money and refuse to pay it. When i got her when i sell that property, the money comes off the top to you. The federal government could have done that. Instead, they wanted the show of force. The resistance they got made it sound like enough was enough. We are drawing a line in the sand right here. Charles a lot of angles to this. People were pushed to their limits. This rekindled the spirit. I am glad people stood up for this. Stuart Kathleen Sibelius doing her first interview since her resignation. Wait until you hear what she says about the launch of healthcare. Gov. It is the president s ultimate responsibility; correct . Whatever. Up. A short word thats a tall order. Up your game. Up the ante. And if you stumble, you get back up. Up isnt easy, and we ought to know. Were in the business of up. Everyday delta flies a quarter of Million People while investing billions improving everything from booking to baggage claim. Were raising the bar on flying and tomorrow we will up it yet again. [ male announcer ] youre watching one of the biggest Financial Services cpanies in the country at work. Hey. Thanks for coming over. Hey. [ male annouer ] how did it come to be . Yours . Ah. Not anymore. Its a very short story. Come on in. [ male announcer ] by meeting you more than halfway. Its how edward jones makesense of investing. Stuart her name, her face were stamped on failure. Can you imagine the pressure . Weve all been in difficult situations in our lyes, but lives, but very few have lived through five years of such public humiliation. Throughout it all, she retained her come composure, she saw it through. Ms. Sebelius, is, in fact, a scapegoat when the real fault lies elsewhere. All right, well, that was just part of my take on friday where i called Kathleen Sebelius is scapegoat for obamacare. Heres what ms. Sebelius had to say on meet the press yesterday. There was a team in place with other people, outside experts coming in, kicking the tires, regular reports, regular dashboards on the tech side. But clearly, the estimate that it was ready to go october 1st was just flat out wrong. Stuart okay, thats an admission, flat out wrong, not ready to go on the rollout day. So was ms. Sebelius a scapegoat . Heres what you had to say. Jan agrees with me yes, she was. Everyone directly involved in obamacare knew the web site was not going to be done on time. It was built without security, not a way to pay for insurance. Tom adds it is called obamacare, not sebeliuscare. They can blame it on anyone, but it has the president s name on it. Steve says i doubt that she had more than a sponsor role in the project. Yes, she is a scapegoat. We have clearly very smart viewers. Good stuff, indeed. Were calling them momentum winners. As of right now, the share price of yahoo is up 2. 5 , up 75 cents. We talk about netflix as the momentum stock, talk about it all the time. It was 400, now its 333, but it is up today, two Percentage Points higher. We always love showing you these cool go pro videos. The companys latestd shows a ad shows a giraffe walking over, then kicking the camera. This is free, builtin advertising. They just post this stuff online, people watch it and by the way, go pro is going public. There comes that big hoof. Watch out, everybody. [laughter] whoa now, isnt that good video . Thats free. They just put it out there on youtube. Free commercial for go pro going public this year. 60 of californians say theyre paying too much in state taxes. But can you really have any sympathy for them when they keep reelecting taxhappy leftists . The man who wrote the book on californias tax problem coming up next. Weekdays are for rising to the challenge. Theyre the days to take care of business. When possibilities become reality. With centurylink as your trusted partner, our visionary Cloud Infrastructure and Global Broadband network free you to focus on what matters. With Custom Communications solutions and responsive, dedicated support, we constantly evolve to meet your needs. Every day of the week. Centurylink® your link to whats next. Why relocating manufacturingpany to upstate new york . I tell people its for the climate. The conditions in new york state are great for business. New york is ranked 2 in the nation for new private sector job creation. And now its even better because theyve introduced startup new york dozens of taxfree zones where businesses pay no taxes for ten years. Youll get a warm welcome in the new new york. See if your business qualifies at startupny. Com stuart its monday morning, check that 401 k , you will smile because the dow is up triple digits. Leading the dow, visa, ibm, cisco. They are dow stocks, all of them up about 2 apiece. Are you curious about a particular stock . We told you the tweeters using hash tag askpayne, and today charles has been asked about las vegas sands, and hes going the tell us. Got a lot of them. I tried to answer as many as possible, but las vegas always stands out because its a stock ive loved for years. Theyve missed the street in two of the last three quarters, and it wont be the juggernaut that it used to be. Last time they reported the ve neeshes and macao was up, the sands was up 61 . Heck, even vegas was up 7 the 72 . If you own it, i certainly would not sell it. Stuart vegas was up 72 . What do you mean up . Casino revenue, 151 million. But to put it in proper context, the venetian did a billion, and the sands did 700 million. The las vegas operation not nearly as important as it used to be. In fact, bethlehem, pennsylvania, did 115 million, so its right behind the vegas operation. Stuart thats fascinating. Thanks, charles. You know the old saying about real estate, im sure you do, location, location, location. Later this hour, two locations, new york city, charlotte, North Carolina. How much do you get for a million bucks in each of those locations . Clearly, there is a huge difference, and you will see it a little later in the show. We call california the formerly golden state, and with very good reason. Formerly golden state. According to the Public Policy institute of california, 60 of people there say they pay too much in taxes. Remember, please, a large number of californians voted president obama, and they elected jerry brown both of whom just love taxes. Joining us now is author james lacey who says californias taxes are too much. Hold on a second, james. Earlier in the show we were saying that at the federal level 20 , the top 20 of income earners thats right. Stuart pays 90 of all the tax money that comes in. Yes. Stuart its even worse in california. It is. Stuart what have you got . The top 5 in california pay almost 63 of the income tax for the state, and the income tax for the state is the most important tax collection method for the state. You know, its just outrageous. 60 of californians feel that they pay too many taxes, and they do, they pay the highest state income tax stuart but theyve the come to binded federal and california combined federal and california state tax top marginal rate 52. 9 . The highest state sales tax in the nation. The highest gas tax in the pump at the nation. Yes, 60 feel that they pay too much, but sadly, playing into the narrative of the Public Employee unions and the liberal democrats that are the ones keeping those taxes high, they still think that the wealthy arent paying enough. Thats what the same poll says. And here is the issue it is becoming too perilous for state tax purposes to rely so much on wealthy people because in a state like california, all you have to do is go across that border to nevada. They have lovely homes in Incline Village and pay zero income tax. Stuart is there a move to do that . Do you have hard evidence that millionaires in california are upping stakes across the state line . We know that high profile people are. Phil mickelson and tiger woods have discussed leaving, Dennis Miller and even bill maher has complained. The liberal bill maher has complained that californias taxes are too high. The reality is that were or in an untenable position created by Public Employee unions that have caused the economy to rot because of the unfunded public pension liabilities. Stuart but hold on a second, weve had two republican gubernatorial candidates on this program both of whom say theyre going to lower tax rates in california. Yeah. Stuart neithers got a prayer of being elected. Well, youre probably right, but i wont say that the Republican Party in california isnt making strides. Jim bruelte has been a great chairman, hes a former state senator, hes well respected. And i think youre going to see some surprises this fall because right now theres something going on that i term a Rainbow Coalition of corruption. Weve had three Democrat Members of the state senate this year that have either been indicted or that are under investigation by the fbi. Theyve lost their twothird majority in the state senate which means that they cant raise taxes on their own. Theyve got to rely on republicans to do so, and if republicans stay united, we can stop new taxes in this session, and we can make strides. And theres one other great thing thats happened. Not only has Kevin Faulkner been elected the mayor of san diego which is one of the biggest cities in the nation, but just last week damon dunn, an nfl player, an africanamerican whos a republican, made the primary to be elected mayor of long beach. Now, i want to say something. If damon dunn gets elected mayor of long beach, hes going to be running for governor in four years, and that could be a game changer. And isnt there some sort of budding rebellion going on in california with the epicenter being San Francisco . I mean, okay, if you dont pay any taxes, youre really on the poor side, of course you vote em up. And if youre ultra rich like silicon valley, you can handle it. But even with the retroactive tax, the sales taxes went up, isnt there some kind of simmering anger there that could be exploited or tapped . There absolutely is after the last Bay Area Rapid transit strike, there were strikers against the striker