Recession because in case you didnt hear in the First Quarter, the economy contracted. 7 . I think you know the drill. You have two quarters like that you are looking at a recession. Most economists dont think were going to look at another quarter like that the present quarter will be stronger than that. Not everyone is sure. Gary says americans should be weary. Ty young says no reason to be so panicked. You know how we started off, well telegraphed, gary you say this could be a trend explain . Look the big worry is simple. Weve had seven years of 0 Interest Rates and the printing of 15 trillions of dollars to bring them down and this is all were getting . And keep in mind this number included a big inventory bill, would have been a lot worse, and you combine that with the fact that oil prices have dropped in half. If this is the best number we can get, i think theres a big worry Going Forward and i have to add one thing im watching the transports here theyre underperforming badly and have been a great telegrapher and forecaster of the future. Theyre acting horribly right now. Neil the flip side to that as you know, ty, some of the numbers weve seen at least of late improvement in employment and retail sales improvement in some, not all housing data, at least limits the possibility of a negative quarter, could be a soft quarter, not a negative quarter, what do you think . Thats right. There are positives in there, we have to be honest with ourselves. The Unemployment Rate is down, but at the same time the Labor Participation rate is at an alltime low. Consumer spending is up but not as much as we thought and not as much as last year. Income growth is up but not as much as we thought and not as much as last year. So certainly we should be concerned here and we should pay attention, i dont know if we hit the panic button just yet. Neil its never overwhelmingly convincing the negative or Positive Side within housing data itself, gary you know that better than ground zero than a lot of us in florida you could look at existing home sales new home sales a little better, you could look at pentup Construction Activity picking up steam. You could look at the number of available qualifiers for mortgages down more than we thought, but the net net, it is better than it was in the first three months of the year do you buy that . Look the First Quarter definitely had a little weather to it. I think there will be a little improvement but ive been saying for years now, i used one certain word when it comes to the economy, thats blah, blah. Every time we have a decent quarter another goes down that is not the Economic Growth that can get us going, and the main point for me is i think were on steroids and if ever Interest Rates via the Central Banks or by themselves go back to normalization i dont think this economy can stand on its own, and thats where were going to see recessions again, and again thats where i bring up the transports. They are starting to telegraph bad things forward, were going to get bad numbers in the third and fourth everybody is saying were going to get two and threes. Neil much has been made of that too, ty in the idea that it could be telegraphing something im not smart enough like gary to know when that will be that generally is a signal. Does it worry you . Well to a degree certainly neil, this report is a great example how wall street has decoupled from main street. How the market hitting new highs seemingly every day is different than whats going on in the economy and a negative report like that gives cover to the Federal Reserve to leave Interest Rates at these low levels Going Forward and to garys point as well. Weve had this experiment of government stimulus across every different government agency, trillions and trillions of dollars in debt highest debt in the history of the world and what do we have to show for it . Two years in 3 growth. The rest of it 1 1 2 and 2 growth and the rest of it negative. What do we need to get a different result other than blah, to garys point, is different policies to get growth, much like Ronald Reagan got growth through strong dollar policy. Neil guys i want to thank you both, you articulate your positions extremely well certainly better than your host here. I appreciate it. In the meantime something that confuses the bold and derelict, this cuts to the issue, Household Income how much folks are making. Do you know right now, we are doing worse than we were during the recession itself . The big one. Thats the stuff that they worry about and call this very recovery into question. Peter, what do you think . This is not a recovery its a terrible recovery. We have 7 million men unemployed and not looking for work, Household Incomes are falling. You know for most workers wages are flat, the hours are uncertain income gyrates up and down, you cant plan for the future, so why would you buy a house . Neil you could have used that argument at so many stages here, and im the first to agree with you that we are hardly off to the race but the bullish argument on both the economy and the markets is we are certainly off the mat, and that steady improvement, minor minuscule as it appears will carry out this recovery forward and make it last longer than others because of its relatively tepid pace what do you think . Look at the reagan recovery it was as long and it had numbers twice as big reagan had the economy growing at more than 4 a year he came out of recession that was deeper than the obama recession. Obama trying to sell the world on the notion his presidency has faced challenges no man faced. The reality is unemployment peaked at 8 for reagan 10 for obama. Reagan turned around and put it in the hands of private sector and the economy grew at 4. 5 a year. Mr. Obama shackled the country with regulations, mettled in social program stimulated in every way conceivable and possible, and accomplished 2. 2 growth. Neil when it comes to convention time, whether they nominate Hillary Clinton or somebody else theyll go back to the numbers in the middle of the meltdown when democrats took over the white house and point to the improvement and point to the fact the markets have doubled and whatever they will be by then and the economy is off the map, whatever it will be by then and that were a long day from the meltdown morass. You say what . I dont think theyre going to run on that. Theyll say the economy is better. Look how clinton is positioning herself, this say gender based campaign in 2008 she was running away from the fact shes a woman. Now shes saying time for a woman in the white house. The polling data says that will work. So theyre not going to run on this recovery, theyre going to say gee, wasnt this better than the bush recovery. If president bush, george w. Bush is the standard against every american president is measured Going Forward, they all win. He didnt have a successful presidency. But bill clinton was much more successful than barack obama. His growth rate was in the threes. Neil interesting, peter good seeing you my friend, thank you very much. Take care. Neil in the meantime sometimes things are based on a snapshot but the trouble with snapshots is one snap that it shot, its over. This is a snapshot that worries a lot of folks, Mortgage Rates now ticking up to six month highs and the reason why that bothers a lot of folks is that they think that all of a sudden were going to see rocketing Interest Rates. Fact of the matter is whether youre talking mortgages at 3 or 4 , maybe im showing my age. When my wife and i got our mortgage, thats what we were paying per day. Maybe im exaggerating. Perspective is in order. Housing expert says nevertheless the timing and the scare its giving people is real and palpable. What do you make of whats happening . How bad does this get in terms of the upward tick in rates . Theres a psychological threshold when we hit over to another digit. When we roll from the 3. 87 of the Freddie Mac Survey we roll over to 4 youre going to see a psychological pause, with we get out with the rhetoric we realize these are still at historical lows. Generation of sales should continue. Neil im sorry, youre an expert, i value your opinion then youre saying every time we hit a marker a level in this case lets say 4 people say whoa, they stop, be. The millennials need money and a kind Mortgage Lender to change. That but i guess what im asking is isnt all of this ultimately not so much going to be dependent on the rates, as long as they dont go up to what my wife and i experienced when we first bought during inflation. Just jobs, jobs are percolating good paying jobs and all of this is a moot point. Not just jobs income growth. We listened to the job Growth Numbers incomes are not growing at the rate Property Values are. That is the biggest challenge for the millennials. I was on set with you nar conversation. Millennials are looking at the Overall Economic position that the county is in, theyre looking at the Real Estate Market and ill tell you whats going to trump them making decisions to buy a home in this market is concern about what is the viability of our current economic value in our country . Neil david thank you, my friend, always good seeing you. So good to be with you, thank you. Neil do any of you remember the tax inversion thing, the companies that buy another company abroad and then set up domicile there headquarters there for the lower tax rate and save a ton of money . The president once fingered walgreens and all the companies cower and go back okay okay we wont do it again. Not in walgreens case, the chairman just unloaded on the president. Whoa did he ever. At book club they were asking me what youre doing now, janice. Blogging. Your blog is just pictures of you in the mirror. Its called a fashion blog todd. Well, ive been helping people save money with progressives discounts. Flo, can you get janice a job . [ laughs ] you shouldve stuck to softball i was so much better at softball than janice, dad. Wheres your wife, todd . Vacation. Discounts like homeowners multipolicy i got a discount on this ham. Ive got the meat sweats. This is good ham, diane. Paperless discounts give it a rest, flo. All yeah, flo, give it a rest. Neil you ever get the impression, when i talk to ceos off the record boy, do they give me an earful and my buddy Charlie Gasparino how much they dont like the president pointing the finger at them. But not publicly. James skinner of walgreens, remember when the president was pointing out walgreens for going overseas and trying to avoid the tax inversion thing and trying escape the responsibility to uncle sam. This guy was not going to have it. I want to read what he said. Do we have that . What he went onto say, and i think you know the drill enough, enough, enough all right. What do you think . Right, i think within a couple weeks or months, walgreens is going to be under federal investigation. Neil i thought the same thing. I thought the same thing. Every time somebody we should give them he says something about the administration they get the jamie dimon treatment. Neil or the horse head. There is a little corleon. Neil jamie dimon got a fast pass. Not even him attacking policy he championed doddfrank in particular, and when he got on his soap box too much with the administration they hit him with everything. Neil clearly coincidental what do you say . No. And heres the thing they did to jamie dimon, which is fascinating. This is the story i heard he calls up eric holders office and says i can do any day but friday. I have to be in europe or something, holders office says we can only do it friday and gets down to holders office and make him and his attorney sit and wait for three hours. Neil is that right . Thats what i heard. I believe thats right. Thats the disdain this administration has for business. Neil what about the tax inversion thing. That was a legitimate issue people were rightly ticked off. Wait a minute, not just buying a Small Company in ireland or make that their domicile and pay a much lower rate. Isnt there something more fiendish about that . No change the tax code do tax reform. Neil they wouldnt be tempted if they were doing this. If we had a different tax system, lower corporate taxes much, much less loopholes that money would be forced back here. Thats what all this is all about, and by the way, a lot of the president s friends like Warren Buffett invest in companies that do the tax shenanigans all the time. Neil you are right about that. And i would say this. Change the tax code. Change the rules. This guy is playing by the rules. Hes being attacked and pillaried but playing by the rules. Neil they did shell the merger to calm folks down. Which merger are you talking about. Neil do you know, do the ceos think twice whether theyre going to get a call from the white house. Yes theyre scared to death. Theyre always thinking about how washington is going to interpret their words, and every now and then, one of them does Something Like that and then when he does Something Like that he gets slapped down by the justice department. Neil we always get a lot of emails and breaking news do you know what we get ten times more email on . What. Neil what you think of millennials. You stirred that pot more than me. Youre the instigator here and you had some of the millennials on the other day. Very boring. Neil they think im very hot, and they dont think youre hot. They take themselves way too serious, and the only reason you have them on it gives you a chance to talk to millennial women. Neil thats a tacky thing to say true, but tacky. Hes going to be back later on. I love this guy hes kind of ticking me off. Back later on, hes one of the bitter boomers. Something were going to carry onto the new show 12 00 to 2 00, hes going to bring his milk of magnesia and say here you go. Neil unions say double the minimum wage double the minimum wage, and lo and behold they get what they want, then they crawl back and say now, about Union Operations and our friends . Can we get a carveout for that . Governor scott walker on a union double standard he says is over the top. They pushed all of this and want a special carveout for unions. The audacity and the hypocrisy. The real question that needs to be asked is what is it that we can do that is impactful . What the cloud enables is computing to empower cancer researchers. It used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. Whatever i can do to help compute a cure for cancer, thats what id like to do. When cigarette cravings hit, all i can think about is getting relief. Only nicorette mini has a patented fastdissolving formula. It starts to relieve sudden cravings fast. I never know when ill need relief. Thats why i only choose nicorette mini. The ones with the guts to stand apart join a league all their own. Congratulations. Youre down with crestor. Yes when diet and exercise arent enough, adding crestor lowers bad cholesterol up to 55 . Crestor is not for people with Liver Disease or women who are nursing, pregnant, or may become pregnant. Tell your doctor all medicines you take. Call your doctor if you have muscle pain or weakness, feel unusually tired have loss of appetite, upper belly pain, dark urine or yellowing of skin or eyes. These could be signs of serious side effects. Im down with crestor make your move. Ask your doctor about crestor. Neil all right, how many times would you take dietary advice from me . I cant hear i, youre at home. Of course you wouldnt when unions are giving advice to fastfood workers you have to double minimum wage protest for it. Risk your job for it. Sounds good. 15 it is. In l. A. That became the law. You find it weird that days later unions are saying wed like a carveout on this 15 thing, especially Union Operations talk about a double standard. Scott walker of wisconsin telling me it was worse. They really pushed all of this but want a special carveout for unions, what do you think . Some of the same labor union the Big GovernmentLabor Union Bosses who pushed obamacare, pushed this president pushed the liberal leaders in california are asking for a carveout. Id much rather see it i dont support changes in minimum wage the better approach is give people the skills the education and training to succeed in jobs that pay far greater, two times the minimum wage. Neil unions are hypocritical . Thats Kayleigh Mcenanys views or nothing unusual going on here democratic strategist with that view. You smell a fish. Unions are hypocritical for seve months they were fighting against exceptions for Restaurant Owners and all of a sudden, now that its coming down to the pipes, they say wait labor unions need an exception, its hypocrisy and astonishing to think they cant get away with it. Neil chuck, arent you ashamed to be a liberal . I want to be on top of this building in washington, d. C. Youre talking about 10 of the unionized workers in california. Give them the minimum wage. Lets say you have 6 an hour worth of benefits and benefit us that bring into it but only make 14 an hour in pay. If youre collective bargaining you get on vote. Neil no, no youre shifting here. Im not shifting im giving you facts about that. Neil the same thing the employers in the fast Food Industry wanted to do. Can we have a two tier pay structure for the younger workers or those who are working parttime, can we have a different lower rate for them and the union said no no no no. Essentially what the unions want now, can we have a carveout for the newer members or other members so we dont all have to be part of this 15. If we allow all the people to have collective bargaining the unions would have said all of the above. Neil no, they wouldnt when we saved the auto industry, the same thing in the auto city. Im sitting here listen to you extol the issues of collective bargaining for seven months they said we need this exception, not right for unions. Why wait for the very end to throw this in. Neil after they got the minimum wage hike they knew this was coming down the pike. Lets not break it to the guys that were going to do a 180, push this through and be the lying scheming scum we are. Lets be clear with the viewers and tell them that the unions dont represent fastfood workers theyre trying to stand up for workers who cant stand up for themselves. Neil hypocritical union is hypocritical union. They dont have representation, instead of the big boss man getting everything at the top. Neil give me 50 pushups right now. Im ready so am i, not. When we come back, it was a bad week for the irs that. We know. But im telling you my friend it was a worse week for you because of it. If youre an adult with type 2 diabetes and your a1c is not at goal with certain diabetes pills or daily insulin your doctor may be talking about adding medication to help lower your a1c. Ask your doctor if adding onceaweek tanzeum is right for you. Onceaweek tanzeum is an injectable prescription medicine that may improve blood sugar in adults with type 2 diabetes along with diet and exercise. Onceaweek tanzeum works by helping your body release its own natural insulin when its needed. Tanzeum is not recommended as the first medicine to treat diabetes or in people with severe stomach or intestinal problems. Tanzeum is not insulin. It is not used to treat type 1 diabetes or diabetic ketoacidosis and has not been studied with mealtime insulin. Do not take tanzeum if you or your family have a history of medullary Thyroid Cancer or multiple endocrine neoplasia syndrome type 2, or if youre allergic to tanzeum or any of its ingredients. Stop using tanzeum and call your doctor right away if you experience symptoms of a serious allergic reaction which may include itching, rash, or difficulty breathing; if you have signs of pancreatitis, such as severe stomach pain that will not go away and may move to your back, with or without vomiting; or if you have symptoms of Thyroid Cancer which include a lump or swelling in your neck hoarseness, trouble swallowing or shortness of breath. Before using tanzeum talk to your doctor about your medical conditions, all medicines youre taking, if youre nursing, pregnant, or may become pregnant. And about low blood sugar and how to manage it. Taking tanzeum with a sulfonylurea or insulin increases your risk for low blood sugar. Common side effects with tanzeum include diarrhea nausea, injection site reactions cough, back pain and cold or flu symptoms. Some serious side effects can lead to dehydration which may cause kidney failure. Ask your doctor if adding onceaweek tanzeum is right for you. Go to tanzeum. Com to learn if you may be eligible to receive tanzeum free for 12 months. Make every week a tanzeum week. Neil you ever wonder the irs cant get out of its own way. Let me count the ways, sending refunds abroad to folks they dont know. Hiring thousand dollar an hour lawyers to handle god knows what and all of this at a time 100000 americans tax records slipped out to god knows who. Former bush spokes american Mercedes Schlapp says americans have a right to hate the irs when shes things pile up. What do you think . Yes, anger is justified. Look, neil what were dealing with the irs is a culture of mismanagement, corruption and political favoritism. When you start looking at, for example, take the case of the new rule that the Obama Administration has rewritten in the fact of allowing third parties, this means this big Washington Law Firm come in and have access to confidential taxpayer information, that, of course becomes a big problem, they call it unprecedented expansion of allowing third Party Individuals to have access and and also question witnesses. So again neil this i think becomes another reason why americans really have a problem with the irs and why several of the gop candidates say abolish the irs, deal with the corruption. Neil every critical question im going to ask you about the irs is coming from a producer and not from me in case anyone at the irs is watching. Heres the followup i have on that, if you keep repeating mistakes, its very clear that the irs is tone deaf, doesnt care, marches on isnt fully staffed as the irs commissioner says so you know, dont give us any hard times. At what point do we as taxpayers say wait a minute, you yourself are worthy of a congressional investigation . You know i think its time. I think its time for them to have the congressional investigation. In fact, Speaker Boehner came out with a letter he sent to u. S. Attorney general Loretta Lynch saying look, lets go after and undertake Serious Investigation on lois lerner, we cant forget, neil, about the fact. I love you to death that will go nowhere fast. I agree, we now know that the emails that are missing are not missing anymore. Thats right. Neil we know that theyre around and out there and some are quite incriminating. We now know all that from people who looked at it. Right. Neil with the Republican Congress its going nowhere. Going nowhere fast, when youre talking about the fact they paid out over 2. 1 billion dollars in terms of tax returns and given millions to dead people who have filed but you know when you have the Obama Administration in charge theyre not going to take any action against the irs if we have the congressional investigations, were stuck. Were stuck until a president comes in and decides we really need to revamp the irs and take control and ensure that corruption and mismanagement is taken under control. Neil and if anyone at the irs is watching ill give you mercedes address after this. These were all her ideas. Mercedes have a good weekend. Thank you. Neil thank you. This shouldnt be surprising that graduates are paid more. They get more money. Those from Ivy League Schools get paid a lot more money. Thats good news right . Not when it comes to the bitter boomers. Not at all. The Technology Changes the design evolves the engineering advances. 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Online and on the usaa app. Neil all right, our boomers are bitter over this one. Seems College Grads are getting paid more, but they dont like the attitudes of the kids that are. This will add to sense of entitlement and that disgusts all of them. Lizzie macdonald, charlie brady, Charlie Gasparino single handedly wiped out our demo. They are boring and spoiled millennials. Neil but very hot. They were boring extremely boring. Neil can we stick to the subject at hand. It is a dramatic differential and they might feel, especially those left out of Ivy League Schools a sense of entitlement. I wonder if the numbers are skewed by the kids coming out writing code and get paid a tremendous amount of money. Neil but they work on average. Average, thats what happens. Neil i understand. The lovely millennials. This boomer understands a lot about stats talk about the mean. Neil youre mean. What do they do . The median. The median. Neil ooh i want to help out. Something that really stood out in that chart, yes i agree with charlie the numbers are oo. And they were boring, right . You know why they were screwed up . Theyre boring. You know why the numbers are screwed up they were produced by the labor department. They never produce anything thats not screwed up the labor department. Neil i remember you were like a flag burning liberal . Admit it. You convinced me neil. Neil maybe you were hang around brady one point here, charlie, listen. If you look at how these boomers hes on my side. How the millennials did after the last in the year 2000, college kids that entered the labor folks, their Median Incomes did not go up in four years. Three years later, Median Income started to trail down. Now could. We go with the premise that young people feel entitled. Finish your point they felt entitled and had to get angry. High school kids im angry with your explanation. We need kids that are not entitled. Neil and grateful for getting less and the premise of the wall street journal story was because the Unemployment Rate is 5. 4 kids graduating college have a much better chance of getting a highpaid job. What kind of number is that . Neil im sorry are you with the wall street journal . [ laughter ]. People given up looking for jobs and the economy. Neil the market for graduates in 11 years, right . The unemployment would be 9. 6 . A millennial wrote the story, it makes no sense. Neil lizzie, is it fair to say the job market is better than when we graduated from college. You are a lot younger you know what i mean . Isnt it better now than it was . Salaries, im your life line, phona friend stay with me. Neil can you phone a friend. 48 k versus when we neil so was i. I made 19, no actually 15,000 when i graduated. Whoa. Our College Grads they dont know what a recovery is right . Its been five years then, theyve been in high school. They were take mollies during the meltdown. One thing that is pertinent here there is the defeatist culture in academia in College Grads, we need them to get good paying jobs to reimagine the countrys future. They cant get good jobs unless the economy creates it. Kayleigh was here, an amazing millennial. Neil what about the millennials we had . Kayleigh likes you the others hated you. Let me tell you, when i listened to the boring and winey millennials. They think youre boring. Want to let people know, they are so boring the millennials. Neil charlie runs upstairs at fox business, and he caught this our Charlie Gasparino proving hes hip and reaching out to the millennial audience and says [ laughter ]. Neil what are you doing . What is going on here . My arms look big there. Neil youre a handsome man. Notice under the rubbish, 17 different lunches. Something just moved in the back. Neil im reading into all of this, theres a lot of envy here a lot of envy here. Someone slipped me a molly. [ laughter ] youre drunk. Neil on a serious note. What im worried about, i look at data from 2000 last time when we had low unemployment and you see Median Income starting to drop. This time youre going to see the same thing for the kids that are going into college once two or three, in and the economy turns down again which it probably will. Charlie brady wants to you will see entitlement turn to anger, that does worry me that worries me. Theyre too boring to be angry. No theyre not. [ laughter ] [inaudible]. Neil he just dropped the bomb. No theyre not lizzie, any rescueing . I enjoyed your routine at your desk. [ laughter ] can we say one thing, college subsidies in the government are at alltime highs as tuition increases have gone up. Ancillary statement. By the way, by the way, take a course in humor. It does mean something to the millennials. Lizzie, its going to make them neil when we come back, take your medicine see you tomorrow. All right . When we come back googles virtual you got to see these things, theyre cheap im telling you, theyre still stupid. The real question that needs to be asked is what is it that we can do that is impactful . What the cloud enables is computing to empower cancer researchers. It used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. Whatever i can do to help compute a cure for cancer, thats what id like to do. If you suffer from a dry mouth then youll know how uncomfortable it can be. But did you know that the lack of saliva can also lead to tooth decay and bad breath . Well, there is biotene specially formulated with moisturizers and lubricants. Biotene can provide soothing relief and it helps keep your mouth healthy too. Biotene, for people who suffer from a dry mouth. Neil you know, a lot of you know were changing our time the last time you can see us at 8 00 p. M. , were going to be 12 00 p. M. To 2 00 p. M. , that is about the time of day not all the time a lot of the hot new gadgets are announced or revealed to the public for the first time. If that were happening like live right, right right now, id be all over this one. Google is going overboard with virtually reality. These are virtually reality glasses. You can get them for as little as mobile tech analyst is with us 4 or 5. They still look stupid. Whats their appeal . They let everyone have one. Thing is right now, have you these devices from facebook and samsung and apple thousand dollar devices, whos going to spend on that thing. Neil i made this stuff in the fifth grade. Yes like the 3d glasses we used to take here. Neil looked like you put an Android Phone presumably in that thing, right . Does it also shield your eyes from looking at an eclipse. Like the 3d glasses in the theaters we used to look at. Its a container, and what google is doing is making a statement look, virtually reality does not have to be this elitist thing, it can be in a box, you can make it a pretty box if you want or get something fancy. The point is it can be in a box. Neil theyre worried because theyre going to try to give this stuff away virtually quite literally to get you on board, theyre saying no one is into this, give it away, hopefully they come back. Definitely think theyre trying to capture the market absolutely. I gotta tell you. Neil wouldnt it be selling the sales of the far more expensive items the 300 400, 500 glasses. They dont really sell those anymore. Neil what does this do . If you can get this for 5 versus the hundreds of dollars that other players have . Put this on the phone and the Software Google puts on the phone youre not spending 300 bucks here and 700 there, youre putting all your focus what they want to do which the software, which is the phone which resides in the box. Neil heres what i think when i look at this do you have to wear the glasses . You know what im saying, i think with 3d in japan they mastered it without the glasses i dont know how they do that but that is a good thing, people say i dont want to wear the silly glasses, these look sillier and more stupid. Theyre light and dont fry your brain. Neil so theres that. Theres that. I think theyre actually consistent with what youre saying, saying you know what . Neil literally . I made that up on the fly . Not so much about the glasses it should be about your experience. You know what . Cardboard will do it, too. Well get rid of the cardboard. Neil i got to ask about this apple and the iphone text crash, what the heck is going on . Basically if you have an iphone, its scary but if you dont have an iphone youre good, if you have one, and you get a message with certain text characters on your sms and it pops up, it reboots your phone. Its scary but what happens to me seven times a day when the battery goes down. It shuts off and turns back on. Neil this never tusd happen to apple. Its been lurking messages and emails. Neil its affecting others as a result, right . What its doing is it really affects the apple iphone but what happens is can you send that bad message to someone using any other piece of software. Neil anything connected to the iphone, the apple watch right . It crashes the iphone it will shut down your nice watch over there. No apologies to apple. Im kidding. I think there are things far worse for your phone than what this does. While itsscary its manageable. Neil okay thank you my friend. So good seeing you, you make sense of this and always is so patient about my idiotic technology questions. It is almost here. Almost. Obviously these guys are getting pumped up for fbns new lineup on monday. You might want to find out next, a good many are looking forward to a certain young lady who already joined us but her big debut comes monday. Stick around. Everything you ever known has changed on monday. I am just the warmup act to this young lady with the intelligence report. It is the mouse full mouthful. [laughter] what is going on . It is all part of the space up light up. I am super excited to be here and it will be great. I really am excited but we will look at all the news stories that are happening every single day the economic plans and the businesslands there is a lot going on in a critical time with our economy and where we are as a nation geopolitically. So what were focused on we all want to be secured to know that our money is secure an hour future as a nation is secure. But once you learn less. It is the intelligence report. We will talk to the people in business that matter. About americas place in the world. Theyre coming at us from a slightly different angle. What is the reality of what this means for my company or for jobs . There are two schools of thought. But what is your sense . The markets are one thing the economy is another but this is what scares me because the market is on fire with the economy in a dismal state. Wages are stagnant after adjusted for inflation. On paper. But then when you really digging into the 200,000 jobs of month doesnt matter if they dont pay people to live. The economy is on the tough spot look at the history of the nation as the agrarian society. And there is a lot of questions as to what is next as jobs move overseas you cannot just drop out to get a job at the manufacturing plant and take care for family. You are right. Lung going up against business journalists boito pretty much anything. I have three kids for i have been married many years i ever regular for the everyday american. Doesnt matter with the kids . Social security . [laughter] i dont think there it will be there for the more for me. If they have a rich mom and play their cards right. Trish will be on the intelligence report. Do not forget my warmup act cavuto coast to coast. What do you need to know about college . Dear richard best friend. That is the duty you can major in game boy. Students pay a fortune. The fastestgrowing form of Consumer Debt paying for things like this. Ed bass, a climbing tower and they want to give more of your money. Is the economic imperative. One and actor