What a disaster. Mortgage rates 4 and rising. This is a turning point and the refi rush it on. Its friday and as usual, its a jampacked show. Varney company is about to begin. Rocking robin twitter stock opens in less than a half hour. Were all over that story for three hours, can you stand it . Varney company. Here we go. Rick grenell and hes been hacked like everyone else. And joining us for the 11 00 hour. Please look at this, golf legend gary player talking u. S. Open and the future stars of golf. And Cheryl Casone is here with me in new york. Breaking news president obama unexpectedly headed to capitol hill to twist arms on the trade deal. Hell meet with democrats who are not sold on this deal. A little background here the democrats are split. There will be a vote on it in the house today. Lots of opposition, including tammy bruce, i love this thing. Im a free trade guy and youre not. I totally am. What i am is Global Governance and moving the country into a frame work thats like the eu. This is less of a trade bill and more of a governance bill. Wikileaks revealed several chapters and a Balance Sheet for the rest. They note there are internet regulations in there. Companies being able to sue countries and this is a very expansive frame work which is perhaps why theyre keeping it secret. Stuart youre dead opposed to it, not for the reasons i thought. I am worried about the workers in america, the nature of where the jobs are coming from, but this is a problem and this is t. P. A. Today. This is the fast track for obama to where that theyre voting on. Why would we not want to put amendments on if this is a fabulous thing and everybody is okay . If you open it up everybody is amending everything. You cant negotiate with 60odd countries when everybody at home is saying i dont want this, i dont want that. At least lets see it and be transparent. Stuart president obama arrives 20 minutes from now and he needs republican support. Paul wright is in charge of that and apparently is doing a very, have he good job, but he needs to ask eric cantor what happens when you dont listen to your constituents. Stuart sarcasm is a low form. [laughter]. Twitter stocks opens in 26 minutes. And when it cost dick costolo is going to make a great deal of money. 35 and change thats the close yesterday. Likely to open 37. How much money m total does he walk away with . A lot, believe me. I mean we were looking at were going basically off the old zeb filings, the latest we have, equivalent of more than 8 million shares 1. 2 of the company stock. That stock appreciated more than 14 million within the hour after the original resignation announcement. The more that this stock moves, the more money this guy makes. Hes expected no severance, who cares . He doesnt need severance, talk walking away with millions of dollars. Stuart 8 million times 35, i dont know, 2 1 2 billion. Its amazing. Hes running another company and someone again, talk about a nice way to walk out the door heck. Stuart i dont begrudge that. Do you begrudge him 2 1 2, 3 billion. I love the free market i love capitalism this is innovation, great ideas, entrepreneurship. The more we can make the better and i want everybody to be on the same road. I want it to work for everybody. Stuart ive got a buck says that he holds onto his stock until a Republican Administration lowers the Capital Gains and the ordinary income tax rates and then hell cash out and pay a lot of tax rate. Am i right or am i right. Youre right. Stuart good idea. We had some moments yesterday and i have to make up ground with stu. Stuart this is much much worse than we thought. There are several reports coming in saying 14 million federal employee information was hacked. Much higher than the original report. Could be all federal workers. Now of course, this opens up massively, potential. And i dont think weve got the grips with how bad that is to be honest with you . Every single existing worker and a million former workers. What concerns me now, we also would note this had been going on for a year was not noticed for over a year and was only caught when they were doing an upgrade to software. So it was accidentally caught. The question like any dynamic, what else dont we know . What else is happening . For me it really looks like a meltdown. When it comes to the nature of what happened within the government. Maria get this afrgs as if youd never heard of it. What about the Largest Federal Employee Union for workers. The head of the union came out and said look in his opinion every single federal employees information is out there and its not coming back to your point and relatives, friends, old college roommates. Frankly the Obama Administration has not admitted the full extent. Its going on for years. Stuart well see. The corporate stories, the hack, how about this. The plot thickening to the prison break story. The convicted murderers have been on the run for a week now. Adam shapiro i want you to tell us about the lady who help them out out. This is 51yearold joyce mitchell. According to investigators, there was something more between her and the 48yearold is skaepee, the one who they call hacksaw. And a serial cheater, that she had several relationships with different men. She married him 13 years ago and according to the exhusband she slept around with other men before hooking up with several others. Not a flattering portrayal of her. They believe, the investigators that she might have been charged by richard matt. And her son, haw comes to her defense. And dlashs details about the woman who said she had a panic attack. Theres more on this later, thank you very much. And Mortgage Rates are more above 4 . The first time weve seen that this year. Cheryl, its going to be that theres going to be a rush to refi now when you can. I think that many people that were keeping an eye on rates going through the 3 specter, were already starting to plan ahead. Youre going to see the contracts, whether its a new home, a refi, youre definitely going to see it and its going to keep up. We had a bad winter and a lot of the spring home selling season was kind of delayed and now its kicking into high gear and most people know whether its the industry or regular americans, people are smart enough to know were not going to go back down. The fed is raising rate. Weve had 6, 7 years of really low and here woo go a new upswing writing was on the wall. It was good while it lasted. Stuart didnt you love it . I did. Ive got to tell everybody again, the first house i bought San Francisco 1978 Mortgage Rate was 12 and i got a bargain. Its assumable loan whoa its great. Buying in those carterors. Lauren has it all. I want to know how much that house cost though if the rates were high. Stuart it was 60,000 and this was in San Francisco and 23 months later we sold it for 1085. I was a genius. Im angry right now from someone trying to buy a house. Apple the store workers are suing their company telling tim cook theyre treated like quote criminals. Their suit alleges they were not paid for time waiting as managers searched their bags and feel embarrassed having their personal items checked in front of customers. Police in san diego taking down an organized crime wrong behind 100,000 of stolen toys legos and disney frozen items from toys r us. Police say the toys are in big demand on the black market especially the legos, they can go up to 500. And eggs a dozen slg selling for more. I said 4 yesterday. President obama is going to capitol hill and arrives in 20 minutes. Hes going to meet House Democrats right there. And twist arms to get a fast track trade deal going, cheryl . This has the potential to blow up. This is why the president is going to capitol hill it could get dicey or over at 1 p. M. Eastern time. This is actually something last minute and very intense. I dont think the president or anyone expected it to be like this on the hill. Stuart if that deal is rejected, thats an upset for the pleasant president and his agenda. The economy needs it. The west port and asian nations. Your comparable to the left is saying to forget about it. We can work on it the defense are against it and its unique situation for president obama. 9 30 he meets with the democrat. Theres another report whats going on herement big deal. Twitters chief costolo. Seven down. Was he really that bad at his job . The president is on the way to capitol hill. Hes going to meet with House Democrats and trying to convince them to vote for the fast track trade deal. Even though no one knows whats in it. Well have a live report trying to twist arms. Its vital for the president that vote its today. Lieutenant general a decorated green beret. Hes under investigation from the army. After he told his congressman a dysfunctional bureaucracy was preventing the hostages held by terrorists. Listen to what the colonel said. Im before you because i did my duty and you need to ensure all do the duty without fear of reprisal. Stuart did he expose president obama and his lack of a plan to rescue hostages . Hes with us the 11 being hour. To the twitter deal here is charlie gasparino. You know about this was costolo a big failure as a ceo . He was a failure by wall street standards. Some people say we dont need wall street. Were the center of the universe. When youre here theres someone to hold the keys to the kingdom. Those investors those people many are kids basically said this guy was not doing the job and they tagged him and the stock has never recovered from the high it was after the ipo and thats it. He did not instill confidence that he could run that company on wall street. Stuart whats all the talk of somebody buying them . Theres always talk about someone buying them. I think from the minute he didnt look like he knew what he was doing, and there was someone talking about buying them. I think they put new management in try to make a go of it. If that doesnt work they will be bought. Stuart its not really the customers. The gamble is they could get redo the company and measure up to facebook. Facebook did it and the one problem that twitter has, it has less of a bench. Facebook had a wetter csuite bench. Twitter has sort of upper, middle level managers wiped out and a lot of change in that so facebook had a face and when Cheryl Sam Berg came in number two to Mark Zuckerberg she has a base to work with. I dont know if theyve got a build it or sell it its a question for twitter, is twitter netscape right . Or is twitter something that could be google . I dont know. Is it sort of a part of evolution of social media or is it something thats transformational that can make money like google is . I dont have that answer and thats really what management is going to thats what every investor is asking right now and they should know. Thats the question theyre going to be asking after watching us i dont think you get that on the other oh aggressive action there. Thank you charlie. Im going to washington blake berman is there. The president is expected to be here in the capitol in about the next 15 minutes or so ahead of these very crucial trade votes. Just to give you an idea how rare this is for a president to come here and meet with lawmakers hes meeting with democratic lawmakers, the last time the president did this right before a vote was back in 2010 in the leadup to the health care vote. He hasnt done Something Like this in some five years. The votes today are for the Fast Track Authority that would allow the president to negotiate ttp, trans pacific. And before it gets to t. P. A. Theres another vote. Two votes that would get to tpp if the president has his wish. Hes expected in minutes. Stuart by the way, the president did surprise everybody by attending a congressional baseball game last night again to lobby that trade deal. Next case iran giving records and money to the taliban to find isis in afghanistan. Can you explain this . Well try. And check this out, a boeing 787 demonstrating a near vertical takeoff. Best video of the day, honestly, i love this. This is the tease for the planes appearance at the air show. 787. It can takeoff vertically. Were going. Thats it. Were on our way. The pursuit of healthier. It begins from the second were born. After all, healthier doesnt happen all by itself. It needs to be earned. Every day. Using wellness to keep away illness. 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Its fascinating. Stuart he should surely get the republicans support. He cant get the democrat votes and even some believes r pushed back. Stuart im a free trade guy, im in in favor of it. Some say dont do it its a world government thing and authority. This says Community Just like you stu, they want it passed. Stuart free trade theyll go for it. Any moment the president will arrive ap you will see it. His arrival is imminent. Again it appears to be a desperate move on the part of the president. Well take you there in just a moment. charge music you wouldnt hire an organist without hearing them first. Charge so why would you invest without checking brokercheck . Check your broker with brokercheck. Fresher dentures, for the best first impression. Love loud, live loud, polident. Its more than a network and the cloud. Its reliable uptime. And multilayered security. Its how you stay connected to each other and to your customers. With centurylink you get advanced technology solutions, including an industry leading broadband network, and cloud and hosting services all with dedicated responsive support. With centurylink as your trusted Technology Partner youre free to focus on growing your business. Centurylink. Your link to whats next. All right. Stock market is about to open. Youre looking at capitol hill. The debate on the trade bills, plural, as just started. Paul ryan the republican he has kicked off this debate. At the moment theyre debating whether or not to give funding to workers who are displaced by a trade deal. That will be the first vote. Thats what theyre talking about right now. The president is on his way. I dont think hes arrived yet. When he gets there, hes going to be twisting arm and twisting the arms of democrats who largely oppose this trade deal. They dont want it. Organized labor does not want this trade deal. A lot of democrats following organized labor and the president want the other way. He wants fast track and wants this trade deal its part of his pregnancy so the huge fight and the president is in the middle of it looking find of desperate. The market lets get there. The opening bell is ringing and trading and trading lower. Were looking for lots of maybe, 60 65 70 points by the time we get going here. Opening on the down side. The trade deal nothing to do with whats happening on wall street at this moment. It will have something to do with it if that trade deal is rejected or if later on today, its accepted. That could be a market mover, but not at this moment. And then weve got twitter. Theres news on twitter and i think you know it. It just opened for trading, 36. 83 off about 2 and 3 4 of a percent not much now that the top guy, tom costolo is out. And Scott Shellady youve got 20,000 twitter followers, dare i say its easier for you to make money from you than it is for twitter to make money out of you . Yes, and i think thats the ceo theyve got over 300 million users and thats why they cant get this thing going. Ultimately whom ever is in that job is going to have a difficult time monetizing it and 24 billion 24 million . I think its more like 5 million. Its hard for twitter to monetize themselves. The next ceo is going to have a difficult time. Stuart i take your point. Thats a problem, monetizing the followers. Another one is called the trolls. Sandra, let me see if ive got this right. Theres an awful lot of invective on it twitter, the trolls should be calling you they are should be called bull horns hey, youre rotton. Theres the nonpaying users and paying users. The ones want to get to the ones on twitter. The average time that a tweeter spends on the site 17. 1 minutes a day. When you compare that to facebook its far less. So twitter is having a problem not only getting, you know on the growth side getting more users of their product, but actually getting them and keeping them on there for a sustainable amount of time because thats what the paying users, the advertisers would want to see. Stuart if youve got the trolls jumping on board with the negatives. Its bad stuff. Sandra it keeps people from being on there. Promoted tweets thats supposed to be the driver and who reads the promoted tweets. You fly through them as a user but im not paying for that. Stuart let me introduce you to charles payne, we look for at