All about the cyber fraud industry. Identity theft expert, Robert Sissel lawn know and former director of the nsa, come layton. Thanks for joining us. Robert. Let me start with you. What is disturbing about the scandal if all true and as reported, is that this is a new wrinkle. It is not identity theft. It is really selling your information so predators can come in and boiler room style try to take advantage of you. Yeah. This does remind me of the movie, boiler room, where they get sucker lists and call people with fake investment scams. Over time they bait and, bait them and switch out the opportunity for a scamming investment and the potential victim loses. That may be the case here too. Melissa yeah, colonel layton, what do you think about that . Well i agree with robert. There are a lot of issues, melissa, where you really talk somebodys identity in a case like this and do all kinds of things. For example, what you can do is find out exactly how much they have in their bank account. You can find out what their medical history is. You can assume their identity. In many cases if youre, if they are targeting affluent individuals, they can even go after them for things such as kidnapping and physical crimes like that. So its a very serious issue. Melissa robert, how much do you fault barclays if all this is true in all of this . It does seem like these were predators inside the bank, you know, gathering the information on a flash drive according to the whistleblower that went to the original newspaper with this report. They were gathering this information and bringing it out for profit s that something barclays should have been able to protect customers from . Well certainly today there are Numerous Technology that is monitor who has access to what kind of data and why. And they also can restrict that data as well. And over the past decade weve learned an awful lot about these insider breaches and majority of the banks today, more than likely have that type of technology operative. Maybe back then they didnt but, they could have. Melissa yeah. Colonel layton, do you think this has gone on in other places we dont know about . Absolutely, melissa. I think were just hearing the tip of the iceberg at this particular point. This is very unfortunate, especially when you look at transactions, Financial Transactions that happened in the past before a lot of protections were put in place. I think you will see there will be a lot more breach that is will be announced. And i think also in the future, you can see quite a few more that will be coming up because people will find ways to get into the banks firewalls. They will find ways to get into peoples accounts. And that is exactly what we have to safeguard ourselves against. Melissa so, robert, how do you protect yourself against Something Like this. When somebody has access to your own information, meaning that they are responsible for it, you are, at a disadvantage. So, what you need to do is recognize that your information probably already has been breached. I would say that, with the close to a billion records that have been breached over the past decade, that all of our information has been breached at that being said be on the lookout for incoming emails designed to trick you into entering credentials and click links. Beware of phone calls, any Incoming Communications designed to extract Additional Information from you and monitor your existing accounts. Melissa colonel layton, do you agree with that . Has this probably happened to everyone somewhere along the way . That seems to be what robert is saying . If you believe it hasnt happened to you then youre probably not quite grasping reality. There are a lot of areas where there have been data breaches and with a billion plus people being affected by these data breaches, 20 million in south korea, the other week. Several million in germany, and the barclays case now and of course the target case in the United States, there are so many ways in which data can be breached. The protections are simply inadequate. I agree with what robert said. I think what we need to do is make sure there are Data Protection laws in place, not only in the United States but really all over the world. So that you can really make sure your data is secure as it possibly can be. Melissa gentlemen, thanks to both of you. My pleasures. Thanks, melissa. Melissa Big GovernmentHealth Benefits disincentivizing citizens to work sound like france or u. S. . It is the United States. As the president obama hosts frances president for a week. He there are lot of rumors that u. S. Is becoming the next france. Fox news peter barnes is at the white house. Havent people been saying like this for a while . Maybe crowds are growing louder now . Melissa, the french president s visit comes a week after the Congressional Budget Office released its latest analysis on obamacare and said that it could potentially hurt job creation down the road. But lets go to the official score keeper of these kind of things, the organization for Economic Cooperation and development. It collects data on 30 advanced economies including the u. S. It looks at social expenditures. Government spending on retirement programs, disability, health care, Unemployment Benefits and this 2013, france spent an estimated 33 of its gdp on these types of programs. The highest, in the oecd database. The u. S. Was at 20 . The average for the 30 or so countries is about 22 but the u. S. Is moving up in the ranks. 2013 number placed it 30 or so from the oecd countries up from 28th in 2005. Interestingly with employment at 11 in his country and weak Economic Growth it is president holland is backing away from the socialist model and now proposing a taxandspending cuts to help jumpstart the french economy. What holland is trying to do is, alter accommodation that is have been struck between labor and business, between citizens and their government that might have worked 20 years ago, 25 years ago but no longer enable the french copy to cope with a very Different International environment. We want to point out that bigger government is a bipartisan venture here in washington. Of course president obama opposed, proposed rather his Health Care Reform plan but it was president bush who proposed and signed into law a major expansion of medicare with that Medicare Prescription Drug program during his administration. Melissa . Melissa peter, thanks so much. Aol making an b face on is recent Retirement Plan changes. He in its Second Public fumble in the last two months, Ceo Tim Armstrong says he is switching employee Retirement Plans back to per paycheck contributions instead of an annual lump sum payout. Armstrong made the first switch last week blaming rising benefit and retirement costs including a roughly 2 Million Health care plan for an employees two distressed babies . Did you hear about the comment . Pressured aol to restore the traditional 401 k policies. Investors clearly not liking the reversal. The stock is down 4 there. Now to the olympics, u. S. Athletes give up years of their lives and lots of money to participate in the olympics. When they do us proud and win those gold medals, should they have to pay . Uncle sam has his hand out. You wont believe ouch the olympians is giving to uncle sam that some coulding up in spare change. Get ready to pay more at the Grocery Store thanks to the devastating drought in california. It will cause ripple effects close coast to coast. Well tell you what to expect. Nearly half of our fruits and vegetables are from the golden state. That means your wallet is about to be hard hit. Were going to the cme. We told you dont move. More money coming up. We asked people a question, how much money do you think youll need when you retire . Thewe gave each person a ribbon to show how many years that amount might last. I was trying to, like, pull it a little further. [ woman ] got me to 70 years old. Im going have to rethink this thing. Its hard to imagin how much well need for a retirement that could last 3yes or mor so maybe we need tapproach things dferently, if we want to be ready for a longer retirement. Melissa time to check market moves today. The hot money, investors are giving a positive review to shares of yelp. The stock moving higher after landing a deal with yahoo to beef up the search engine. With me, bob gelfond of mqs management. From the new york stock exchange, jason weisberg. I want to start with you, jason because youre on the floor. What is the big talk today . There was a lot of talk about apple this morning. You mentioned the yelpyahoo deal. I think more beneficial to yelp than yahoo there was a lot of olympic talk as well. There are pockets of stocks around the room, not necessarily sector specific. Newsrelated items that happened over the weekend or announced this morning. Melissa bob what do you think of the market right here . Well i think that, you know, there is a lot of crosswinds in the market. Corporate Profit Growth has been steady and positive. The economy is growing but not really getting melissa the economy is not really growing. I know what youre talking about. Well be lucky to have 2 1 2 in the first quarter. That is positive. Melissa with the jobs market, i think the stock market is way ahead of what the economy is doing . Part of reason we know Interest Rates will stay low for a long time even if the tapering continues despite the job numbers last week. The, rates, short rates will stay low for quite some time. That alongwith modest corporate growth, modest Economic Growth, i think at some point will help give a floor to stock prices. Melissa okay. Jason, beans and noble was barnes noble stock was one of the stocks catching my eye, the stock was up almost 10 . Firing everyone related to the nook. They totally backed away from that idea, and they dont care any longer. Is this a deadcat bounce . Do you have any good feelings about this stock . Im not personally along the stock. I dont follow it. The stock would have perform ad lot better if they shut down nook or telegraphed it a lot sooner. This is celebration of, you know, cutting dead weight. That is what the stocks telling you. Melissa yeah. Bob, were trading in a very narrow range today. We had big moves last week. Do you read anything into that . No. I think there is still concerned about whether emerging market crisis is going tick up again and potentially spill over melissa it is almost definitely, isnt it . It is not resolved. There is question how much worse does it get. Particularly europe is more susceptible what is going on in turkey but there is really no strong growth anywhere in the world. That is the thing that sus canning the market some concern so far this year. Melissa how can you not think that the market here is overvalued if there is strong growth going on in the world . We had a pullback lately. We had a tremendous run last year. Where do you think the market should be . Im going to say, it will be probably be higher by end of the year. I dont think it will be anything like last year. I think it will be a struggle most of this year. I think investors should try to stay diversified. Not like last year and close your eyes and be long stocks. Having things like bonds and gold in your portfolio is good way to help get that diversification. Melissa jason what do you think of, i know you were talking about yelp at the beginning, reaching alltime highs here. Of topped out or would you jumpt on it . I dont know. Certainly this deal is very beneficial to yep. It getting them a lot more eyeballs. I dont know, i think, yelps longterm prospects are a probably lot better than yahoos. I know the patch deal didnt work out for aol on the local strategy and aol decided to finally jettison that experiment. I think yahoo will face same challenges aol did combining the deal with yelp. You would like to see it work out but a little bumpy for yahoo as of late. Melissa gentlemen, thanks to both of you. From the u. S. To every corner of the globe money is flying around the world today, starting in the United Arab Emirates where drones could be delivering mail within the year. I love it dubai is ramping up investment in technology so official documents can be carried from place to place without needing an actual person. Watch out, post office. Fingerprints and retina idea to make sure the drones are bringing documents like i. D. Cards and driver license as uhoh, to right people. What could possibly go wrong with that . Still it is not known how the drones will react to Severe Weather conditions like sandstorms and extreme desert heat. Sounds like reality show. Brazil is embracing chubbier football fans. They were being offered discount citizens to the world cup. Obese citizens will have to pay fraction of going rate because brazil allows them same as elderly. Doublewide colorful seats are built to accommodate their frame and they will need a doctors note providing their weight. Half of all brazilians are classified as overweight. One in 15 people are considered obese. Landing in russia is now banning the bitcoin. The countrys prosecutor general saying money substitutes will not be tolerated. Any use of the Virtual Currency would be deemed as suspicious. Officials also say that using bitcoin risks being pulled into illegal activity. You think . Like money laundering. Might be on to something there. Up next the megadrought hits home. Farmers and businesses are feeling the strain and sheer scale of disaster will shock you. The fallout from the biden bashing. The Vice President has been knocking my favorite airport. I love this place. Have you seen the delta terminal . He has ruffled a whole lot of feathers in the process. You have the latest. Do you ever have too much money . It is not possible. Peace of mind is important when youre running a successful business. So we provide it services you can rely on. With centurylink as your trusted it partner, youll experience reliable uptime for the network and services you depend on. Multilayered Security Solutions keep your information safe, and secure. And responsive dedicated support meets your needs, and eases your mind. Centurylink. Your link to whats next. Theres nothing like being your own boss and my customers are really liking your flat rate shipping. Fedex one rate. Really makes my life easier. Maybe a promotion is in order. Good news. I got aew title. And a raise . Management couldnt make that happen. [ male announcer ] introducing fedex one rate. Simple, flat rate shipping with the reliability of fedex. Which will cause me to miss the end of the game. The x1 entertainment operating system lets your watch live tv anywhere. Can i watch it in Butterfly Valley . Sure. Can i watch it in glimmering lake . Yep. Here, too. What about the dark castle . You call that defense . come on [ female announcer ] watch live tv anywhere. The x1 entertainment operating system, only from xfinity. Melissa talk about a kick in the fridge . Californians brace for the year of the megadrought there are fresh concerns that it is going to drive up the cost of feed everywhere across the country and bigtime. Here now on how high it is going to go both from the cme and senior Vice PresidentScott Shellady and price futures group, phil flynn and also a Fox News Contributor of course. Let me start with you. Call pers list is half as long, fruits, nuts, vegetable, dairy, you name it. It comes from al fornash. This is huge deal. This it is a huge deal for couple reasons. With very a family farm and get dry and space out seeds and demand for water is less. California is unique. They get everything on trees or vines. The damage is geometric. Half a drought things are cut in half. Even if you get rain then, the year after that it is down by 90 . So we need a long legs to get back where we started when we have a drought this severe. Melissa that is really scary. It just means prices to everyone going up higher. I think what happened to corn in 2012. Didnt we see a 60 jump in price there, phil. We did. Tell you what, melissa, the best way to worry about what is this impacting. Think of your salad. Everything is in the salad is being impacted because this is what they produce. I dont know if you drink milk with your salad or wine but those two things are as well. Melissa maybe both. This is absolutely incredible across the board. But go ahead. Melissa no, go ahead, phil, finish your thought. Bottom line is that you know the bottom line is that yes weve got droughts but that part of the world it is the worst drought in 500 years. We could have been better prepared for it. That is another issue we have to look at. Are policies in california making the situation worse . A lot of people say they are and now were paying the price. Melissa that is interesting perspective n fact, scott, let me play for you what some local farmers had to say about this. We went out to the farm to see what is going on. Let me play the sound and ask you to react. The reservoirs are as low as they have been in decades. So we have no cushion. Maybe get a storm this weekend but it is going to take something biblical to really boost the supplies and get us in better position. Melissa so, scott, they did get a few drops over the weekend and like you were saying once this sets in the aftermath lasts for years. To phils question, should we be doing things differently to not back ourselves into this corner . Yeah. We have to have things in place, as far as building procedures and rules and regulations. I dont want to get the government too involved a little bit of common sense helps out as well. Todays rains we had this weekend, well need significant rain every other day until may