Millennials. Two congressmen put a milliondollar reward on anyone who recover less wheres emails. Varney and company about to begin. The news is just these are washington flights. They are fabricated issues, phony scandals. Charles we heard that one before. We are saying these scandals revolving around his presidency are very real. Irs targeting, veterans waiting forever to see a doctor, benghazi, the disaster that is obamacare, trading five terrorists for Bowe Bergdahl and the dismal economy. Nothing phony about those. Mary kissel from the wall street journal, he is not taking responsibility for anything that has happened on his watch. It is almost an analyst and response. If something goes wrong is not his fault. In some respects i feel like the president is very frustrated and confused as to why his administration is running into all these scandals and i can he points at big bureaucracies and says do this, do that, please go fix this and when it doesnt get fixed and we have these kinds of scandals he doesnt get it. Charles part is management style. Maybe he is the big picture guy, he sees what you wants and frozen out and think everyone will execute on it. Are we giving him too much credit . This is a president who doesnt understand how business works or how the economy works for why big bureaucracies dont work and that is why in the nbc news poll you had 54 of americans say this president cant lead the country, cant get the job done. Charles it all began with blame george bush. Listen to this one, listen to what he had to say about federal workers. Some federal workers do boneheaded things, absolutely. I remember the first week i was on the job i talk to my defense secretary, bob gates, who is older and had been there a long time, any advice for me . One thing you should know, mr. President , at any given moment on any given day someone in the federal government is growing up. Charles someone is growing up but never heard the president say he screwed up. Doesnt. It is all about him. That is why you hear i in his speeches all the time but to say bonehead about a scandal like the va scandal where people died, 60,000 veterans waiting for care, and 19 office since 2005 about these wait time problems, this presidency is going nowhere and for him to come out and ignore these problems in the runup to november gives republicans a gift. Charles if im a democrat im shaking in my dudes. You dont want the president anywhere on camera little coming to the Campaign District but i agree it is interesting you would use such not when people die under your watch. Thanks, right now lets check the big board. The market has been wishywashy all morning long. Technical wall street term, down 19 points, gold having a pretty good week. The fed loses credibility 1300 and oil finally stabilizing although stabilizing at 16 a barrel, a little less right now. The ten year, that is something we watch closely and is still below that 2. 6 place. Listen, second day for go pro and this might be more impressive than yesterday, it is up 20 out of nowhere, just started spreading of a few moments ago. We needed a british accent on this show, so we got my man Ashley Webster at the stock exchange. You got to tell us about this retail idea. Ashley i am really from iowa. I see mr. Varney is not in today, not shorties recovering from the world cup game yesterday. Lets take a look at the debut. 17 a share, came out of the gate and moved lower but on the way back, 1701. We can say that it is above the initial share price of 1701. We will keep an eye on this, no go froms, continues to just go from sprint to sprint. Charles kind of inauspicious. I want to look at shares of nike, the reported last night higher profits, certainly be what the street was expecting, stock was higher than that. Joining us is the author of what great ranch did. You are saying nike will beat adidas when it comes to the world cup. Yes. Nike is this superior marketing company. They understand having a great product is only the beginning. You need to connect with people emotionally and that is what they do in their advertising and sponsorship. Charles they have another problem too, taking down these ads that show luis juarez showing his teeth. I saw a lot of pictures on the internet, as they were putting their arms could this turn out to be good . I dont know. It wont be good for adidas. They spend almost 70 million to be the official sponsor of the world cup and nike is beating them in terms of marketing so pulling on their ads puts them further behind and not having that exposure will be important for the next couple weeks. Charles i would think i would have kept those signs. People were having a lot of fun with them. You can say they are nefarious or whatever but all advertising is good advertising. I dont know about that. There is a fine line between height and buzz and something that reflects your brand value and the d is wants to be known as a serious, credible soccer resource for people who are serious about soccers the to be associated with this scandal or whatever is not the kind of association they want. Charles none more serious than biting your opponent. You are saying that apple, i was shocked when i heard this, the apple brand as we know it is over. Can you explain that one . Theres an argument for it being over and and i given for it being the same. The odor is with their acquisition they are deciding to use the brand name other than apple that is very unusual. They brought in outsiders, they acquired something when typically their approach is bills so there is an element that appellees changing but if you look at the other side what apple is really good at this integration. Bringing hardware, Software Content together and the acquisition move them forward in that. The most interesting thing will be to see how the company, the culture within apple reacts to having doctor dray involved in their business. Steve jobs used to be like the rock star. Now they actually have a rock star on staff so the culture might change because no longer a the designers and engineers on top. It is the content guys. A big change. Charles if you dont have the superstar in house you got to recruit him. Have a good weekend, we appreciate it. Now to housing, a new study says millennials will be the key to the housing recovery. Jason, millennials are going to make the Housing Market boom. You didnt tell us that. Millennials are living in their parents basement. There is job growth is not there, theyre covering 16. 5 unemployment and i dont see how jobs will come to them. I dont know how they will got out of their parents homes. Charles i got the report in front of me, as they say in 20152025, 24 million new household formations that at some point they will get tired of staying home with mom and enough have good paying jobs in the economy will get just better enough they will do what every group of americans of them from the beginning of time, move out and go on their own. The report has it right. Millennials are not in Housing Market. Historically they represent 40 of existing homes sales. I dont know how theyre getting out of their parents homes. You have 15 unemployment, Interest Rates that are going to rise even julie and i dont see how they are getting out. Charles we know in the top 100 markets, metropolitan areas wrenching is more expensive than owning. Seems to me the main problem is the down payment. Dont think theyre getting out of the home, 2 trillion in student debt. If you have a housing boom is because the federal government is going to stimulate another one. With the new head of fannie mae and freddie mac, what did he say . We are going to let them keep insuring mcmansions and keep their fees, undercutting private market insurers. Of another housing boom comes it is coming out of washington. A lot of data came out earlier this week. Home sales, case schiller index and what i am seeing is a bifurcation in the Housing Market. Homes priced above 1 million are keeping the Housing Market up. Below 1 million where homes would be purchased are suffering. Charles i would take it further than that. Comes under 150 grant a lot have been bought up and that is what they are renting out now but what if the federal government manipulated things to put 5 down. Does that change the picture . No. What you had when you had intervention like the home affordable on vacation programs yet more foreclosures. You free bust people were putting 0 to 5 down. Charles if that scenario existed now people who could afford it wouldnt buy a house . I dont think so. I dont think you could rent a home, not such a bad thing. We have to separate investments from housing. The roof over your head you dont need to invest in a home. Invest in Something Else. You could put 3 down, go to the federal housing administration. They are doing some problems right now. Charles to the same degree they were before . They will get back to those levels. Charles i have more faith in your age group than you do. We will be talking about this some more. The Supreme Court delivering a major defeat for president obama and unions with the administrations nlrb recess appointments unconstitutional. Stay right there, the judge is next. [ male announcer ] what if a Small Company became big business overnight . Like, really big. Then expanded . Or their new product tanked . Or not . What if they embrace new technology instead . Imagine a companys future with the future of trading. Company profile. A Research Tool on thinkorswim. From td ameritrade. A Research Tool on thinkorswim. When folks think about wthey think salmon and energy. But the energy bp produces up here creates Something Else as well jobs all over america. Engineering and innovation jobs. Advanced Safety Systems technology. Shipping and manufacturing. Across the united states, bp supports more than a quarter million jobs. When we set up operation in one part of the country, people in other parts go to work. Thats not a coincidence. Its one more part of our commitment to america. [ girl ] my mom, she makes underwater fans that are powered by the moon. She can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. My mom works at ge. Charles lets check the big board. We were down 19, 24, a little bit of a slow start. Maybe the summer doldrums. I have a winner for you, active as investors locking two companies, a couple guys own it, real big right now, 9 . Speaking of big, big ruling came out of the Supreme Court striking down president obamas recess appointment to the National Labor relations board. The Court Unanimously ruled the president overstepped his authority by doing it when said it was on a three day recess. All rise, judge Andrew Napolitano is here with this. We dont get a lot of decisions out of the Supreme Court these days. Not where the president s personal judgment was being rebuked. And elena kagan worked with him. This is really a long lines of the president s narcissism and disdain for the rule of law. This is a public rebuke, this could result because the nlrb is illegally constituted when it made 1800 decisions. This could result in the retrial of 1800 cases. The people on the nlrb and interim a partys appointees have been replaced by validly confirmed appointees. George bush appointed management lawyers, and charles democrats and republicans. They will cost a lot of money for the people litigating them to the american taxpayer. Will the president learned his lesson . And review the president to get through his thick skull. Charles i dont think so. Another question for the public, the two year anniversary, the ruling of obamacare, and other people feel the Supreme Court will get it right. Judge napolitano we will be here monday morning, after the hobby lobby decision. No way to predict that. There was the time i thought the chief justice profoundly regretted his decision to uphold the constitutionality of obamacare and he would jump with the conservatives on this contraceptive mandate. It is also abortion and euthanasia. And these policies would you agree with them morally or employees i am not sure. Charles another topic. Hospitals and insurers are monitoring peoples credit card spending to see if they are dropping money on and healthy stuff like junk food and cigarettes. Seems like an amazing invasion of privacy. Judge napolitano is an invasion of privacy. If you go to target or macys and make a purchase with your visa and target or macys informs someone you made that purchase theyre supposed to get your permission. They dont always do that and candidly when the request comes in for permission we usually throw it out. Silence is the same as giving permission. Charles is it really . Judge napolitano it should be the other way around the silence is the same as charles ask my permission and i dont respond they say that is a yes. Judge napolitano target, would sell Hackensack University medical center, the goods and things you purchase that target would then go to your position at hackensack, we both know the institution and you are a physician at hackensack the next time she or he sees you, i see about this or that or you are into this or that, if my physician said that to me that are are a million physicians in this country. I dont want one that is buying on the. Before looking out for since we cant look out for ourselves. Is there some way to charge more for their services if we take risky behavior . Judge napolitano the hospitals that are doing this. Charles it is va or pennsylvania. Judge napolitano hospitals that are doing that i guess believe there is some benefit to them by alerting their patients or potential patients, held for indicators. Hospitals make money. Charles they want us to be sick, not health. Judge napolitano this is stewarts big bag, the attitude about privacy is so weak, so tepid, we take for granted private entities as well as government following what the government is doing can gather this information about this, if they can use it to the good they can use it to the bad. Charles no push back from the public. No one is ever outraged. Judge napolitano i am one of few people who would be so outraged at my physician if he told what i bought at heart or macys i would get another charles what people always say is what do you have to hide . That shocks me. That has nothing to do it is about a right to keep your information personal and private, about the rights be left alone. Judge napolitano from the spying eyes of Big Government or big business, either one. Charles what they started in europe, google is starting to check people off when they want to be left alone. Judge napolitano that is because of the european commission. There is a right to be forgotten. We dont have that right here yet. The wall street journal would like to be forgotten. Sets a terrible precedent. Weve got to editorialize on it. I have no problem voluntarily getting my information to a private company. Because i choose that. Charles lets shift gears. Hyundai, offering a car that can detect cameras or slow your car down, the judge, you are still here but after the break, fraud for and gamble has a new at out and they want you to stop using like a girl in an insulting way. Mary kissel doesnt like it. Response is next as well. Show me what it looks like to fight like a girl. Now for a like a girl. T like a. [ female announcer ] we love our smartphones. And now telcos using hp Big Data Solutions are feeling the love, too. By offering things like onthespot data upgrades an idea that reduced overcharge complaints by 98 . No matter how fast your Business Needs to adapt, if hp Big Data Solutions can keep wireless customers smiling, imagine what they can do for yours. Make it matter. Charles hyundais latest luxury sedan, detects those pesky speed trap cameras and slows the car for you so you dont get a ticket. Judge Andrew Napolitano is here. They make a lot of money off of these speed traps. How long before the litigation starts to pour in . Judge napolitano in the state of connecticut this device would be illegal. The car would not be registeredable in connecticut would be the owners burden to remove it because theres a statute that prohibits the use of these devices that tell you. Theoretically the purpose of the Police Monitoring the highway is to keep some safe but as a practical matter, the Police Monitoring the highly increases revenue of the local governments and local governments will hate this even though it obviously will keep us safe. You have the ability to turn it off but it is nice to be worn, reminded. For your own safety. And the safety of the others. Charles there are times the police will visibly plata sedan out there to let us slow down. Not to bust anyone. Judge napolitano that is an effective and constitutional mechanism for law enforcement. The placement of the sedan with an officer in it will slow people down. Doesnt cost anybody money. Anyone who doesnt slow down when the cop is right there deserves to be stopped. Charles or lives in new jersey. I always think of smokey and the bandit. There are some municipalities that need the cash. They need the money. They spend more than they take in. They needed and will go after this car. Judge napolitano they will get legislation by the state legislature to make the car is illegal on roads and municipalities would not have the authority to do that because it interferes with interstate commerce. Charles new campaign from procter and gamble will get people to stop saying like a girl as the nin new throw like girl. Is that a good thing or bad thing . Somebody says you hit like a girl what does that mean . When did we become so hypersensitive and politically correct . All these liberal professors on College Campuses you can say certain things because it will offend somebody or new trigger warnings coming out on books. But up, ladies and somebody says you throw like a girl people can say all sorts of things to you but this campaign to outlaw certain phrases and words is ridiculous. Charles how about this angle . It is on