Skip to main content

tv   Your World With Neil Cavuto  FOX News  June 23, 2015 1:00pm-2:01pm PDT

1:00 pm
report to you that matt and sweat haveare in custody. we hope to say that to you in the next couple of hours. i'm john scott in for shepard smith. "your world with neil cavuto" is next. well, thank you, john. he is the attorney who could bring the president's signature health law down. and where do you think mark carbon is showing up? here and only here just minutes from now. but first, here's how sad this government hacking is getting. even white house press secretary john earnest has admitted he's among those who was hacked. he was one of those. i'm neil cavuto. to the left of the stairs at this very minute at this very second behind closed doors senators are being briefed on that massive breach of our personal information.
1:01 pm
is this live? i apologize, i misspoke. but to the left of the escalators is where they are headed off for this private meeting. so the meeting was above that it's below that. are you with me here? it's a super secret meeting and only certain few can go to it. i was trying to build up the drama, but apparently to little avail. so how many of us are affected by this and why can't we all descend on the same and same entrance to find out who is hacking us and why? i bet the homeland security secretary is telling leaders that once the meeting commences behind closed doors, in a meeting so secret we cannot get near it but our chad pergum can. in fact i believe chad is in there in a disguise. we'll get an update from him in a minute. first, beau deetle is here. there are millions of records
1:02 pm
compromise ed compromised and other reports are saying 30 million. what the heck? >> this is my business now. i have to be very confidential and tell you i'm an rsa consultant. >> what is rsa? >> part of the enc. >> what is enc? >> it's a security storage. okay they had the biggest meeting out in san francisco that i attended and was one of the speakers out in san francisco two months ago. we had the head of homeland security the defense department everybody was there. every major corporation has been breached now and they don't know it. this is the biggest security threat of our lives. yet three different ways this happens, if countries like we found out china was involved then you have people that go there for the criminal element. >> you're talking -- this is all live. harry reid and others are arriving live. this is not on tape. >> that's secret. >> that's a secret meeting.
1:03 pm
behind closed doors about you and what they are getting. and you're not invited. just so you know. go ahead. >> this is so sensitive because that's exactly what we're talking about. this breach we found out they hit our supernet computers in our pentagon. our f-35 fighter. >> what did they hit, bo? >> they went into the computers and were able to breach in. >> what did they get? when they get this stuff, what do they walk away with? >> okay. now we'll take the 4 million employees of the government that were hacked. or 80 million for jpmorgan chase. wherever you want to go with it. you get the social security number of the person. >> and what does that give you answer to? >> once you get the social security you get the date of birth. now there are legal ways to use things with that social security number but then things -- they pretext calls. they get your mother's maiden name and now can go to your bank account and say you're that person. >> so one thing leads to another and you start to get information
1:04 pm
specifically -- >> right. and then they call it hijacking an account. if i had your social security number i would know about the 50 million you have in your bank account. then all of a sudden i have your social security i know your mom's maiden name whatever the criteria you want to know is. now i change the i.d. code and say i want to change it. okay mr. cavuto i'm changing it. now i have your security code. and the person you, don't have it. now i'm wiring transfers. that's what hackers can do. a lot of the stuff is legitimate but the fact is that hackers use pretext phone calls to set up a whole other identity. >> if you want to steal information, you could also get their medical records, you could be building a case file to bribe someone, right? >> all of a sudden people tell me oh medical records are secure. they are not secure at all. many of the security systems in place, the hackers know how to breach them. you see, when the internet was
1:05 pm
made it was not made for security in mind. it was vice president al gore that developed it right? now the defense department i'll let you know the inside secret they have developed their own network and won't let contractors go in there. they have a secure network because they built it from scratch to be secure. the only way to citysecure these things is to build another network. >> what i want to understand is that very few americans, even though they are hacked see a small amount in their bank account affected. but you can stack the information and use it to their own demise. >> right now in major corporations they are hacked right now. >> but what are they doing with the millions of records? >> nothing. they are sitting dormant. when they want to activate a certain area that's what they do. the records now could be sold and they could be utilized for financial reasons.
1:06 pm
but then you have the other ones that you just want to disrupt. the guys walking around with the occupy wall street fans. they just want to disrupt the corporation because they don't believe in something. remember sony was all about this in north korea. i think it had something to do. wh amy pasqal and the other workers. i believe there was a worker in there with a certain security code. >> and the fact that there have been closed door sessions. there's secret incentive. >> china doesn't have to throw one bomb. maybe if they can hack into our access we can't fly planes without gps. once they knock out the rfid satellite, we can't do anything. this is the biggest threat to america. >> it is. i appreciate that. i told you our producer is as close to anyone can get without being in the briefing.
1:07 pm
this is am simile objective with the real chat in the meeting as we speak. he can split himself in two, but chad in all seriousness, what do you think is happening to heighten throughout the day to both points that now affect many millions more than we earlier thought? >> well, this is the key here neil. the house of representatives received a similar briefing by jay johnson, the secretary of the homeland security and the director of personal management. this is a similar version for the senate. today i'm going to tell you a little terminology used in the hearing. katharine testified before a hearing today to talk about this contractor. she said this adversary leveraged and compromised a credential. now that's code for what they are going to talk about in the meeting. meeting that somebody hacked in and they are going to talk about how they hacked in maybe what the numbers are, maybe who did it we are told it's the chinese. and this is where we are hearing
1:08 pm
from some intelligence officials that maybe this number was 18 million. but i've been told in the past 24 hours the number could be as high as 30 million. they are going to decode a lot of what was said on the record in this hearing. barbara mccullsky from maryland has a lot of workers in suburban washington, d.c. and said the public needs to know but some of these are best talked about in a classified session, which is what they are doing now. there's going to be a follow-up on whatever happened today in the senate committee. >> what committee is going to this gala? >> this is all senators. we had a roll call earlier today. >> all the united states senators or just a committee? >> all 100 senators were invited. there was a roll call earlier today. 97 senators voted and it will be the lion share of those folks. members of the homeland security
1:09 pm
region region. all 135 senators much like all 135 members of the house were invited to have a similar briefing and can go back to look at material ask questions, maybe get some answers and then can't talk about it. >> but microphones are set up. >> they will at least be reported to -- >> there are some members who walk out of the briefings and will run from the press. because even if they want to talk the last thing they want to do is come out of a classified briefing on anything whether it be sirius or isis syria or isis. at the very least, you get to see what has come and who is
1:10 pm
gone. and what you probably can't see from that shot, there's the escalator to go up the way there. there's another way that kind of goes back to the screen left aside there. the reporters will chase them with tape recorders and notebooks. so you may not see them in front of the cameras but there are those who will talk after this classified briefing. >> you are velcro and we have just the right guy on it. chad thank you very very much. if and when everything everything comes down we'll let you know. meantime, many americans are at risk from severe weather at this hour. we are all over it. when you travel, we help you make all kinds of connections. connections you almost miss. and ones you never thought you'd make. we help connect where you are. to places you never thought you'd go.
1:11 pm
this, is why we travel. and why we continue to create new technology to connect you to the people and places that matter. if you have moderate to severe rheumatoid arthritis like me... and you're talking to a rheumatologist about a biologic this is humira. this is humira helping to relieve my pain and protect my joints from further damage. this is humira helping me reach for more. doctors have been prescribing humira for more than 10 years. humira works for many adults. it targets and helps to block a specific source of inflammation that contrubutes to ra symptoms. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections and cancers including lymphoma have happened, as have blood liver and nervous system problems, serious allergic reactions and new or worsening heart failure. before treatment get tested for tb. tell your doctor if you've been to areas where certain fungal infections are common, and if you've had tb hepatitis b, are prone to infections, or have
1:12 pm
flu-like symptoms or sores. don't start humira if you have an infection. talk to your doctor and visit humira.com this is humira at work. ♪ how's it progressing with the prisoner? he'll tell us everything he knows very shortly, sir. as you were... where were we? 13 serving 14! service! if your boss stops by, you act like you're working. it's what you do. if you want to save fifteen percent or more on car insurance, you switch to geico. it's what you do. let's celebrate these moments... this woman... this cancer patient... christine... living her life... loving her family. moments made possible in part by the breakthrough science of advanced genomic testing. after christine exhausted the standard treatment options for her disease, doctors working with the
1:13 pm
center for advanced individual medicine at cancer treatment centers of america suggested advanced genomic testing. the test results revealed a finding that led to the use of a targeted therapy that was not considered for christine before. now, they're helping fight her cancer on another, deeper level... the genetic level. this is precision cancer treatment an approach to care that may help patients like christine enjoy the things that matter most in their lives while undergoing treatment. the evolution of cancer care is here. that's definitely something worth celebrating. learn more about precision cancer treatment at cancercenter.com. appointments are available now. all right. yesterday the state of south carolina today virtually every major online/offline retailer. it's the confederate flag, good luck trying to find it.
1:14 pm
walmart, e-bay, amazon.com and sears all indicating they will cease selling that flag. this of course on the heels of nikki haileyy nikkiha nikki haley saying it will no longer fly near the statehouse. she is urging walmart and other retailers to stop selling the products with any confederate flag images. amazing how fast all this transpires. meanwhile, we have major parts of the northeast at this hour on high alert for things like hail and damaging winds. and get this tornadoes. janice dean what is going on? 70 million people affected with the threat of severe weather all up and down the i-95 corridor. neil we have several severe thunderstorm watches and now a tornado watch issued for much of new england, including the city of boston until 11:00 p.m.
1:15 pm
eastern time. tornado watches meaning that conditions are favorable for tornadoes and we have several severe thunderstorm warnings here. this is our latest tornado warning for northwestern garrett county in western maryland as well as central preston county in west virginia. that cell is moving north and east around 30 miles per hour. i expect we're going to see more watches and warnings throughout the afternoon. look at the temperatures. this is the heat index. what it feels like. well over 100 degrees as this cold front clashes with this warm, unstable air mass. so that's why we have the potential for severe weather. and, neil talk about airport delays all up and down the northeast coast. three to four-hour delays at all the major airports. that's going to cause a huge ripple effect across the nation. this is a developing story and we'll break in with more watches and warnings to tell you about. back to you. >> janice thank you.
1:16 pm
trace gallagher is keeping us apprised on all of this. >> reporter: this is the preemptive move we see airlines do before major winter storms. but because of the storms up and down the eastern seaboard it is making flying across the country a big-time hassle. it's the domino effect. meaning as far away as san francisco and los angeles, passengers expect flight delays and cancellations. here are the latest numbers of the delays and cancellations at the major airports up and down the east coast. now we included both reagan and dulles airports in d.c. newark jfk and laguardia in the new york area as well as philadelphia and boston. and look at the numbers. so far those seven airports combined have canceled 269 outgoing flights with 539 flights delayed. on top of that you have 280 incoming flights canceled with 672 of them delayed. and you got to keep in mind the numbers keep rising. and 70% of the flights in and
1:17 pm
out of newark are united flights. so if you're flying united anywhere in the country, it's going to impact you. remember even the major airlines they have 400 to 600 planes each. when a couple hundred are stranded on the ground on the east coast, you're going to have some chaos around the country. most airlines are waiving fees and changes for cancellations. so the advice is if you're going in or out of the airports we just talked about, your best bet is to get on the phone and reschedule. else you sit and wait for hours. >> and hours and hours. trace, thank you so much. we have more on why this rarely happens, but it seems to be happening quite a bit of late. why, joseph? >> reporter: the severe thunderstorms are nothing new. in fact tornado production this year is at 25% of normal. a lot of people don't realize that new york state averages ten tornadoes a year. maine averages two tornadoes aer
1:18 pm
yoo. so it is not unheard of. so what is interesting is the tornado watch in eastern new england. that's a rare event, especially in june. it is usually july and august. and it's because the surface temperatures right off the eastern seaboard are well above normal. that pumps extra moisture in so you have a very vigorous upper air disturbance. and it's the lead disturbance in what will be a big, big change to cooler over the next week to ten days over the eastern part of the united states even busting up the bake oven in the southeast. that is leading the way now. and that's why you're getting the clash. mother nature gets noisy when she starts to clash like this. i'm worried about the severe thunderstorm watches all in effect but i'm worried about the d.c. watch having more -- the chance of a tornado or two in it. and in eastern new england on up to vermont, new hampshire and maine, that's a rare event. but the parameters are there to try to support the isolated
1:19 pm
tornadoes. >> all right. now the isolated tornadoes are not standing the severe thunderstorms can do a lot of damage ahead of that. why are we seeing more of these types of incidents. or are we? >> well, actually we are not in that big of a severe weather season this year. over the past couple of days as the front edge of this change begins to occur and we used to see this quite a bit, the night of the johnstown flood in 1977 same kind of thing happened. you have the thunderstorms that race east/southeastward and get warm southwest winds and the low levels in there and feed the thunderstorms as they come in. and then you see them refire with the heating of the day. and that's what you're seeing going on now. >> is that happening in a wider swath? we are showing some observances from illinois and the surrounding communities. it just seems like a wider swath than we typically see. >> it seems like a wider swath because everybody is paying attention to it.
1:20 pm
but when you work in the business 35 years and have watched the outbreaks in 1985 there was a tremendous outbreak of tornadoes. when you put this in perspective, you can realize that something like this happened quite a bit. it has been happening a lot here in 2011. >> joe, you may have a future in meteorologist. i always learn something and appreciate that. all right. meanwhile, what is the white house announcing tomorrow that has no president? >> i say great.
1:21 pm
1:22 pm
laura baker is about to refinance her home. her daughter lilly is about to spell the word "scary" for the first time. neither is afraid. buy in. quickenloans/home buy. refi. power.
1:23 pm
1:24 pm
america's hostage policy is about to change. the white house is about to say they will no longer stop american families from paying ransom to hostage takers. rudy giuliani just told me that we shouldn't broadcast that out here let alone to the world. >> i know what you're going through with the family. of course if it were my son or daughter i would want to pay the ransom. however, i have to point something out. we don't have many kidnappings since the limberg case. the death penalty used to exist
1:25 pm
for a long time for kidnapping it still could if the supreme court would rule the right way. mexico pays. that's the rule in mexico. you get paid for a kidnapping. they have thoususands and thousands -- >> is that a government policy? >> that's a government policy hands off, business people get -- they get taken and they have to pay $100,000 $200,000 $300,000. >> so security works the other way. >> this is my advice to them, don't do it. the minute you start paying ransom you'll have more kidnappings. we had more kidnappings before we paid ransom. you can't pay ransom. it is terrible. it's heartbreaking. you can pay ransom as part of a sting operation. i would do that once. >> but if it's a private family they should go straight to the
1:26 pm
d.a. >> but let's say -- >> go right to jim coomey. >> i think the administration is saying you won't be committing a crime doing this. >> i don't know if it's a crime, saying that you're doing it and have this private little agency that doesn't, it's a big mistake. if you want to make an occasional exception, then make it plausible. but don't have a rule like this announcement that you can have kidnappings. you are -- isis says hey, great, we just made ourself $5 to $6 million. >> they are second to oil. >> then they turn it into making dirty bombs to kill us. so it's very a very delicate thing and a very emotional thing. i have lived through it and understand why the family wants to do it. but if they come to the fbi and the fbi will do it they will
1:27 pm
make it a ransom payment, but it will be a sting operation and we'll catch the guy who did it. and i participated in one of those that was normally successful. >> those of you here -- the president said donald trump is not up to the standard of new yorkers, i'm paraphrasing here. he doesn't represent the new yorkers. i know you support donald trump in this trade. >> donald trump stands for new york a lot more than bill de blasio does. de blasio calls himself a progressive. there's nothing progressive about the redistribution of wealth. it was presented by -- he wants to take a failed economic policy and reimpose it on the city.
1:28 pm
>> are you worried about what is happening on the streets? >> donald trump is the epitome of american success. the guy was handed a accident business by his dad who grew it into an empire. and i have known donald for 25 years and did it by a lot of hard work. >> they said it's the vibrato part. >> that's not new york? this guy comes from boston. de blasio comes from boston. >> do you think he's running for president? >> i don't know what he's running for. but he doesn't understand new york city. maybe it's because he comes from boston. you don't think donald trump represents new york then you didn't think ed koch and the
1:29 pm
others supported him. >> he was bigger than a lot of characters. >> he also read the comments on the radio. >> yes, and ed walked across the brooklyn bridge and i would march in every parade. i never let anybody take my streets or bridges. >> but a lot of critics wanted to push you off those bridges, too. >> but they never did, though. my attitude was, come on try it. let's see who can take over. meanwhile, the supreme court set to decide whether the president's health care law as we know it lives or dies. the lead attorney trying to make sure it dies this afternoon.
1:30 pm
1:31 pm
1:32 pm
all right. there's no question our hands are full of foreign affairs, so why are we worried about polar bears? and why are people saying "i do." i bet you don't know why. we'll let you know in 60 seconds. epar ate expenses,i just swipe. it's one hat i don't mind wearing. [passenger] i work for me. and so does quickbooks. it estimates my taxes,so i know how much stays in my pocket. and that's how i own it.
1:33 pm
[announcer]stay in the flow with quickbooks self-employed. start your free,thirty-day trial today at join-self-employed-dot-com. speculation is mounting that the supreme court will rule on the president's health care law subsidies maybe by the end of the week. the high court's next meeting is thursday. it just ended friday as far as
1:34 pm
releasing statements. we have the lead attorney with us mr. carbon i know your schedule is swamped. it could be a historic week for you or a big disappointment for you, but do you think it will be this week for you? what are you hearing? >> i have no idea. they have seven cases left. they have scheduled three days to announce the opinions. could be thursday could be friday could be monday. your guess is as good as mine. >> i would hope that you would have more than that but i'm kidding. friday could be a day of possible announcements. are we gleaning anything from that? >> there's a lot of high visibility cases left. and i think they may want to space them out, but there are seven. so three on thursday two on friday and the two biggest cases left which is my case plus the gay marriage case. >> i think the gay marriage will be the last one, but that's just me. i think the next to last one before it will be yours.
1:35 pm
and what will be the question is whether the subsidyies are valid. now let's say the supreme court agrees and takes your view this is a stretch, it can't do it. you heard the argument raised that it would throw this affordable care act into limbo. but i talked to a number of liberal types who supported this and said no it would not be the end of it. what do you think? >> oh i think the insurance companies are adept enough to figure out how to deal with the new marketplace. plus which a number of representatives, including representative ryan who made it clear that they are planning on providing new -- a different form of subsidyiessubsidies, one that enables them to buy the kind of insurance they like rather than a washington mandated insurance pool. and i think, frankly, that will make a, consumers happy, and b, insurance companies happy because now consumers will get the kind of insurance they need rather than something a washington bureaucrat says they
1:36 pm
should have. >> this doesn't concern you as you look at the court's decision and the constitutionality of the decisions. but do you think that the other idea that's been cooked up to extend this, so that people have coverage through 2016 is a logical one? keep things going as they are now so we don't disrupt it for the 8.5 million who are benefiting from this. what do you say? >> i think the preferable option is to help the 8.5 million people by giving them insurance policy as representative ryan indicated that they want they can buy across state line buy catastrophic they don't need all the mental health and contraceptive add-ones. i think frankly it will do a lot more for consumers than making them -- requiring them to buy more insurance than they really need. so just blindly extending them is probably not the best solution. i think there's a more marketable solution that accomplishes the same thing and much more efficiently.
1:37 pm
>> you know the makings of the supreme court, how justices think and what motivates them what moves them what could tick them off. and i thought just as a -- hearing the president, you know wonder why they even took up the case the subsidy issue, if i already made up my mind and i'm sitting on the supreme court, i could get my dander up and say, we took up the case because we thought it was important. but what -- how is that received when there's second guess by another branch to the degree they were it reminds me of the house when the president was speaking to congress and criticized the supreme court decision. doesn't that alienate him with a very group of justices on whom he's going to depend mightily? >> it is very unusual and perhaps unprecedented. particularly to do it in germany in a foreign company. i don't think it was to influence the justices for the reason you said.
1:38 pm
i suspect it's designed to set up the public relations assault that would come in the wake of the defeat so they could blame the justices and blame the congress and blame everybody but the irs illegally rerouting the law. >> that is scary because that was my thinking going into this that he's positioning himself -- the white house is positioning itself for the inevitable defeat on subsidies. and that they are trying to put the spin on it. it was republican inspired republican governors and states we are in now they are leaving all these people without insurance. i think it was a mistake to pick it up and now i'm going to make this a big political issue. you say -- >> i say politics should be decided in the elected branch of government. people in the congress people in the state, elected officials should be deciding the issues. i don't mind having a healthy debate. but i don't like a lot of
1:39 pm
bureaucrats at the irs making a decision contrary to what elected officials enacted because there's no recourse as a person if they do the wrong thing. so my attitude is have at it. policies say bean bag. if they want to argue their case let them do it. >> well, we'll watch closely. michael, thank you very much. >> thanks a lot for having me. meanwhile, we are fixated on why some parts of the world are so warm. and isis still hates us and attackers are still coming after us. and the white house is holding a summit on this? the answer is next. there's some facts about seaworld we'd like you to know. we don't collect killer whales from the wild. and haven't for 35 years. with the hightest standard of animal care in the world, our whales are healthy. they're thriving. i wouldn't work here if they weren't. and government research shows they live
1:40 pm
just as long as whales in the wild. caring for these whales, we have a great responsibility to get that right. and we take it very seriously. because we love them. and we know you love them too.
1:41 pm
my constipation and belly pain have my stomach feeling all knotted up. i've tried laxatives... but my symptoms keep returning. my constipation feels like a pile of bricks... that keeps coming back. linzess can help. once-daily linzess treats adults with ibs with constipation or chronic constipation. linzess is thought to help calm pain-sensing nerves and accelerate bowel movements. linzess helps you proactively manage your symptoms. do not give linzess to children under 6 and it should not be given to children 6 to 17. it may harm them. don't take linzess if you have a bowel blockage. get immediate help if you develop unusual or severe stomach pain especially with bloody or black stools. the most common side effect is diarrhea,
1:42 pm
sometimes severe. if it's severe, stop taking linzess and call your doctor right away. other side effects include gas, stomach-area pain and swelling. bottom line, ask your doctor about linzess today. we are getting new video in from new york where they seem to think they cornered the escaped
1:43 pm
prisoners of richard matt and david sweat. this is just coming into our newsroom right now. authorities believe they are somewhere in this area but again it's been a couple weeks now. there's no certain way to say, but they did uncover dna from a shack that used to belong to a couple of the prison officials who actually worked at the complex from which these guys escaped. but we're learning new details as to how they orchestrated that escape and how objects for hacking and sawing were hidden in their meat and provided by the woman being questioned. all the more help from the former jail worker there. they feel fairly confident, but they have before. this is an isolated area. these two guys might be hiding. there's still a $100,000 reward for finding these guys, but not a bunch of people are rushing to do just that. we'll keep you posted. meanwhile, the
1:44 pm
administration is holding a separate summit on climate change today. there are a few more pressing issues. senator, good to have you here. i know it's probably a good position to take regardless of your views on climate change. if you want to explore it that's all well and good but to your point there are immediate concerns. we seem to be getting this backwards. what do you make of it? >> well, you referenced it in your opening, neil. you have boca horam, the recent hacks by china and you see what's happening with putin russia isis. there are so many things and you referenced that the world is on fire. i agree with you in that regard. there are so many issues that we should be tackling dealing with our military dealing with the flat economy, the unelected bureaucrats making more and more regulation making it more and more difficult for businesses and individuals to thrive and
1:45 pm
survive. and then they go to climate change. here's the thing, he needs a win. he does not have a win. that's why he's pushing iran and what's happening there. that disaster he wants to try to do something. if he doesn't do it legislatively, he'll use his pen and his phone. >> do you think the fact that he keeps pushing it there's got to be a method to it. you can't lose now you have no less than the pope saying it's an issue that if not addressed will lead to poverty. you can argue the greater good is what he's saying today and that guys like you are missing that. what do you think? >> well, i believe the greater good is not only the right to be safe and secure not only in our travels but in our homeland. i also believe the greater good is to give good people good paying jobs. and by imposing the good trap and go scheme it will be to
1:46 pm
give them incentive to hire grow and expand. it will make heating costs go up for folks like you and me. it will make it more and more difficult, as i said to really compete, not only nationally but internationally. as somebody who is a job creator, i don't agree with that neil, i'm sorry. >> it's going to cost locally 7,000 lives, i don't know how they came to that figure. it's forcing the world into deeper poverty, that's from the pope. what do you make of all of this? in other words, guilting people out if they don't look at this issue. >> well, i think, as i said earlier and as you have referenced and other guests we have priorities right now that i think supercede any of the things dealing with climate change. you have isis the size of new england growing and gaining more strength. now they have the ability and probably will as a result of
1:47 pm
another presidential initiative is ransoming and paying off ransoms. we also have his expansion in that part of the world with putin. we obviously have environmental concerns but we also have the ability to step back from our dependence of foreign oil by expanding and growing our own natural resources. and not only creating jobs along the way, but doing it i believe, in a safe and secure way. better than anyone else in the world. >> scott brown, thank you, always good to see you. >> good to see you, neil thank you. meanwhile, the threat of rising interest rates may be giving home buyers off the sidelines, but does that mean we are off to the races? here at fidelity we give you the most free research reports, customizable charts, powerful screening tools and guaranteed 1-second trades. and at the center of it all is a surprisingly low price -- just $7.95. in fact, fidelity gives you lower trade commissions than schwab, td ameritrade and e-trade. i'm monica santiago of fidelity investments,
1:48 pm
and low fees and commissions are another reason serious investors are choosing fidelity. call or click to open your fidelity account today. when you travel, we help you make all kinds of connections. connections you almost miss. and ones you never thought you'd make. we help connect where you are. to places you never thought you'd go. this, is why we travel. and why we continue to create new technology to connect you to the people and places that matter.
1:49 pm
1:50 pm
those rising rates are not scaring buyers away.
1:51 pm
new home sales jumping nearly 20% compared to the same month last year and realtor victoria steiner says this is no fake this is real. she's been ahead of this curve and seeing this happening the last couple years now. but it's picking up steam, isn't it? >> it is. we have mortgage rates at 4% for 30-year mortgage fixed. it's incredible. because i see the pick up in the summer which are usually low months. people are out there buying. >> who are these people? >> people who have been on the sidelines for awhile who were waiting for the market to either go down or go up. they just feel that it's time that they needed to come into the market. >> in other words, they could wait hoping rates could still go lower. whatever housing pop we would see would subside. that's not happening. >> they usually wait for fall. sellers waiting for fall to put their apartments and houses on the market are putting them on now to take advantage of these low interest rates. >> what about those who want to apply and get a mortgage?
1:52 pm
that's still tough, isn't it? >> not really. the guidelines are tough. but you have to show your income your 1040s for the last three years. and they understand that to get a mortgage today is much harder than it was three years ago because of lending criteria. >> but it isn't so tight that you can't. you just have to be a good customer right? >> yes. have good credit. >> your customers in primarily new york hamptons you're in miami. >> yes. >> i was joking over the break you're all in these super rich very successful areas where money doesn't seem to be a big issue. you're saying that's not quite the case. >> that's not quite the case. i think today i am seeing a lot of two-income families where the wife before didn't work now works to provide extra income to the family. i feel private schools are more expensive, housing more expensive. there are 30%, 40% of their total income goes towards housing. >> well, how much are they -- how much are they borrowing? we hear that you have to put more cash down than you used to
1:53 pm
in the past. >> you can borrow now anywhere depending on what you make 90%, 70%, 50. it really depends on what your income is. >> so what does that mean? >> that means that if you qualify for an 80% mortgage they're taking icht there's creative mortgages out there. 2% mortgages if you're willing to do an libor. 3.5% if you're willing to do 15 years. >> what about young people stuck with the high rents? >> they need money for the downpayments. usually 50%. >> but you're optimistic this is real. this has traction. >> it has traction. i also see foreign investment putting money in the market. and that's creating the rates to stay low. >> wow. these penthouses to go for 100 million bucks. >> one coming into contract now for 220 million. >> do you have a buyer now? >> it's coming into contract. >> way to go. we're following you. just don't be greedy about it. victoria thank you very very much. forget about a june wedding. how about no wedding because
1:54 pm
some millennials might be young and in love but apparently they are not tying the knot. a love affair. a quest. the next horizon. everyone loves the chase. i have moderate to severe crohn's disease. it's tough, but i've managed. but managing my symptoms was all i was doing. so when i finally told my doctor, he said humira is for adults like me who have tried other medications but still experience the symptoms of moderate to severe crohn's disease. and that in clinical studies the majority of patients on humira saw significant symptom relief. and many achieved remission. humira can lower your ability to fight infections, including tuberculosis.
1:55 pm
serious, sometimes fatal infections and cancers including lymphoma, have happened; as have blood, liver, and nervous system problems, serious allergic reactions, and new or worsening heart failure. before treatment, get tested for tb. tell your doctor if you've been to areas where certain fungal infections are common and if you've had tb hepatitis b, are prone to infections or have flu-like symptoms or sores. don't start humira if you have an infection. if you're still just managing your symptoms, ask your gastroenterologist about humira. with humira, remission is possible.
1:56 pm
♪ every auto insurance policy has a number. but not every insurance company understands the life behind it. ♪ those who have served our nation have earned the very best service in return. ♪ usaa. we know what it means to serve. get an auto insurance quote and see why 92% of our members plan to
1:57 pm
stay for life. marriage rates in america are plummeting. now at their lowest level since 1870s. i wanted to ask some young folks what they're thinking to amy lauren and andrea and darriusdale. what's going on here? >> i don't look at the decline of marriage as a negative. i mean we saw at the beginning of world war i world war ii great depression and the conclusion of those events where people are rushing to the altar, essentially. now what we're seeing after the baby boomers all got married, now we're seeing a slow decline and a consistent decline. but i think since the 80s and the 90s -- >> now it's the natural norm do you buy that? >> do i. the paradigm has totally
1:58 pm
changed. >> i just think your generation has had it with marriage. >> not everyone. >> you're cynical. >> i've certain had it with marriage. >> you're not married. >> but the thing is i think we used to marry because we needed to. now we marry baups we want to. and that's very different. >> you look at young people today they've seen their parents and others and high divorce rate. eye of the beholder. but that makes them cynical? >> you first have to define young people. we're moving out of a generation archetype very cynical to a civic institution and rolling into a generational archetype that's very very much in favor of civic institution, large institutions both government and civic things like marriage. you had a confluence of cyclical factors that held down household factors that prevented marriage. >> how about you personally? >> me personally? [ overlapping speakers ] >> open to the idea of marriage. >> you young people are cynical about the markets, cynical about
1:59 pm
owning a home. it extends to their views of marriage. fair? >> i don't find it cynical. >> no, me neither. >> i find it that people can take their time now and not rush to the altar and make rash decisions. because now it's socially acceptable for a woman to be 30 35 and onwards whereas before it was -- >> it's been that while for awhile but these numbers still go down. >> but number of singles keeps going up. we have the highest number of singles in history also. and we're delaying marriage because we're living our lives. >> maybe you have a low attention span. [ overlapping speakers ] >> fair enough. >> fair enough. >> i made that up. >> what are you talk about? >> there's a lot of things going on both with people and socially. but again, you still have to make the distinction between what young people we're talking about. the young people in the charts representative are young people from a different generation. the millennial generation is much more candid they believe it marriage and civic institutions. >> you're going to take your
2:00 pm
time to do it right. >> finding comepatibility. saying there's a huge responsibility in raising a family economics. >> we used to say you complete me now we say you complement me. i have a great life. i'm greg gutfeld, along congress eric bolling, dana perino. it's the five. >> i'm still trying to figure out how removing a confederate flag would have prevented the charleston massacre. a flag didn't kill those people. a ghoul did. now we must care about this issue because the media is beating the drum. if you don'tway in especially republicans you're racist. as much as i hate the left's need for sewing division, i must admit that the flag is literally sewed division. it hearkens back to the

108 Views

info Stream Only

Uploaded by TV Archive on