Stuart look at the big board, the dow is up. I wont call this a rally but it is again close to an intraday high, awfully close to 17,100. How about that. Stock of the day, time warner, look at it. 21st century fox makes a bid for the company, time warner turned down by the door is open. We should mention 21st century fox owns this network. Mary kissel is here to pass judgment on this titanic development. In my opinion a couple of issues here. Content is king, time warner is king of content. There is a migration, television to online. This is all part of that. It is just great more broadly speaking susie animal spirits in this economy. 2 growth, nice to see Companies Bidding for one another even if it doesnt work out but you are right. Content is king whether it is comcast, time warner, dish, spectrum, verizon, the tv deal they did absolutely is very valuable. Stuart i dont think it will make a difference to what our viewers see in the immediate future or where they see it but look down the line just a little ways and this to me is all about entertainment on the internet as opposed to set programming on tv. It might help all of us longsuffering timewarner i dont know if you are time warner but i do. No wonder stock was up this morning and the company could use in competition. Stuart it is a powerful oral issue but the on popularity of Cable Companies knows no bounds. Lookit time warner. Hbo, cartoon network, cnn, new line cinema, a bunch of things they have got that are on the screen. That is content. That is content. Theyre paying for live sports. You dont want to know the outcome after it happens. You want to know when it happens. Stuart you know because you are an employee of Rupert Murdoch and semi, he gets what he wants. What comment do you want to make on that . Stuart he says you are determined to get time warner. Even though the first 80 billion bid was rejected. Shall we leave it at that. Id think we should. A lot more going on and here is what we are watching. Ibm and apple were once bitter rivals and now they are part is. Ibm will sell iphones and ipads loaded with business apps to the corporate customers. Those stocks are up. Look at ibm, three points tire and apple, highest since the split, 96 on apple. Going the other ways yahoo . Slumping Advertising Sales in the slump was not helped by yahoos announcement that it will sell only 140 million alibaba shares, not the 200 million expected. Melissa meyer runs in all, in the hot seat, its back down to 33 a share. The pc, its not dead, profit jumped 40 at intel whose Main Business is pc chips. That stock, you cant call that a doorstop or any longer. I used to any cant say that anymore. It 6 higher on intel. The s p 500 is a fraction higher, 4. 71977. Wait from stocks, look at goal. 1300 an ounce as of now. Look at oil, i believe its right at 100 no, sorry its 101 a barrel moving up with it. The last one from the markets, the yield creeping up a little, still around to a half, but 2. 56 to be precise. Now this, American Companies have been moving overseas to avoid taxes and the obama ministry should does like it. Heres what treasury secretary jack lu said in a letter yesterday. Could rightly, what we need as a nation is a new sense of economic patriotism where we all rise or fall together. Collectivism that is. We should not be providing support for corporations that seek to shift their profits overseas to avoid paying their fair share of taxes. Here he is. Eager to go at it, judge andrew napolitano. Where do you want to start . Translation, they want to squeeze more cash on corporations. We already have the highest Corporate Tax rate in the western world. Maybe in the whole world and that is a good enough for these guys. Their actual attack is on a concept called inversion where a corporation in their view artificially imposes a parent on top of itself and the parent is domiciled in a foreign country and therefore everyone gets the benefits of the lower taxes . Stewart you know where im going with this. Is it unpatriotic, are you an unpatriotic personal company if you say im going to avoid skyhigh taxes . Q and thats with the treasury secretary is saying. I dont know what his view a page or to the miss, but for him to suggest and i could not agree with you more that this is a brand of collectivism where we are not individuals we are just grapes to be squeezed to make the states wine, where the individuals are judged by their contribution to the government, to the state, to the states coffers rather than their fulfillment of their own wishes and their own ability to achieve prosperity and happiness on their own. Its as unamerican an unpatriotic as you can imagine. Stewart its Elizabeth Warren. Its exactly what Elizabeth Warren said. Thats how you can he is basically saying to entities that already pay 35 you are not paying enough. Its economic illiteracy. Think about the economics here. We have the highest it Corporate Tax rates in the world. You go to singapore or hong kong get 60 or around the area and companies are naturally going to go there because of their shareholders who, by the way are americans. Stewart whose money is it . Was the logical conclusion back we should raise their rates to send more copies overseas . Thanks to the Supreme Court corporations have certain rights including the right to travel and if at t or google wanted to travel to another country or the corporate rates are less than mr. Lu and his cronies will have less money to spend and that is moral constitutional and as of this moment waffle. By the way mr. Lu ran the the group you get that blew up the mortgage crisis and went to washington and is mortgage secretary. In between, nice that john nyu. Stewart i would suggest the best we to get the money back to america and theres 2 trillion over there in corporate profits stain over there is lower the tax rate. I dont know why they dont understand the basic math. By lowering the tax rate they will collect more taxes dollars. Stewart to punish people corporation. They dont know how wealth is created. Stewart this is a lovefest. We are agreeing far too much to be that we need to get a leftist in here so we could beat the daylights out of them. Stewart bring him on. You may be the judge in the next case is a collectivist. Stewart let me tell the audience what we are talking about. A federal judge has the end the use of the word, the name redskins in lawsuit documents. This is a federal judge who says you cant use that word in any lawsuit that comes before my court. You cant do that. And if the case is not even about the redskins name. The cases against the redskins. Escrow by a former player for the you new york giants who claims members of the redskin team were paid bounties to harm him physically. If true he has a great cause of action and its probably a crime. The case has nothing to do with the name of the redskins. When a judge makes a ruling that is not integral to the case before him or her thats called dicta and basically just the opinion of a human being who happens to be the judge in this case. No one has to follow it. Stewart who is the judge in this case . I dont know. I forget his name. Hes a federal judge. He obviously has personal offense at the name redskins. Keep your personal offense yourself and a liquid into your courtroom. Stewart but, it doesnt have any impact on the case or anything else at all . None whatsoever. Stewart thats dicta. Dictate, when they make rulings not necessarily integral to the case. Stewart have you ever made a dicta ruling yourself when youre on the bench . Now,. [laughter] i should have known you were going up far. Stewart look at the big board for one moment in time please. Just missed it. We are at 17100. We man got now their earlier this morning but a second ago we were at 171. Most of the gains are from ibm and intel. There you go, thank you very much. Someone bought something and it went to 171. Seven is listening and doing you a favor. Stewart it was in march of 2009 , five years a couple months ago the dow was at 6500. And now 71. Do you have any opinion on the stock market, judge . When the government stays out its free market, but its only one of many measurements of economic activity. Government is not out of it. When you talking about blacks. Stewart my head is spinning. We have a winner and it is tenet health, let me tell you they run a whole bunch of hospitals and healthcare centers. It is a big winner today. Fill me in. How ny, nicole . Lets take a look. You see it up seven and how . What i need to note is the entire group of hospitals are doing exceptionally well today. This comes on the yields of weight hda came out with. They came out with culinary results in the second quarter. What are they seeing . Admissions on the rise, 2 yearoveryear growth. Profit ability and by the way that growth is the highest they have seen in six quarters. Often ability on the rise. Up 5 . That is the best they have seen since going public, so hda is moving this whole group. Its up 9 , now, we revealed the real numbers. Pet healthcare up 7 . Community health up a most 9 and it looks like theyre getting a jump. This is better news than expect it on for operations and also healthcare reforms of hospitals. Stewart i have to ask you, because i might need research, has this got anything to do with obamacare . I have to find that out because this is a huge percentage jumps. The answer is yes, apparently in the reports they are talking about portal care act and so far it has been better for hospitals and if the trend continues they will see higher revenue and her admission rates. Stewart i hear a bell in background. Its a big order for microsoft, kidding. Stewart lunch is ready. The call, thank you. Yes, the market are moving. Click for century fox bid for time warner make another big business headlines this morning, but theres another big story out there. Not a good one. Tens of thousands of Central American children still flooding across the border. Carters been Henry Cuellar, the democrat, leading the charge to speed up sending them back. He joins us next line capitol hill. In new york state, were changing the way we do business, with startup ny. Weve created tax free zones throughout the state. And startup ny companies will be investing hundreds of millions of dollars in jobs and infrastructure. Thanks to startup ny, businesses can operate tax free for 10 years. No property tax. No business tax. And no sales tax. Which means more growth for your business, and more jobs. Its not just business as usual. See how new york can help your business grow, at startup. Ny. Gov 58 seconds on the clock, what am i thinking about . Foreign markets. Asian debt that recognizes the shift in the global economy. You know, the kind that capitalizes on diversity across the credit spectrum and gets exposure to frontier and emerging markets. If you convert 4quarter p e of the s p 500, its yield is doing a lot better. If youve had to become your own investment expert, maybe its time for bny mellon, a different kind of wealth manager. And black swans are unpredictable. Stewart look at here. Still going up a nice little amount now, 42 points higher. 17103. Ibm and intel are contributing most of that gain. I should also add microsoft, which is also eight house stock, thats retirement territory everyone. I on that stock and it its at 43. 13 . Why arent you sharing my joy . Look at this, keep an eye on time warner stock, update after rejecting a bid from 20 to fox, the parent of this network. Im saying the media world has shifted because of that bid for time warner. Check bank of america. The property is down and it blames legal charges and weakness in the mortgage business. They are down 2 . Former Vice President dick cheney continues to make headlines. Listen to what he said about president obamas leadership thus far. I think he is the worst president in my lifetime. I fundamentally disagree with him and think he is doing things wrong. Im quite to see that the House Republicans are challenging him at least legally at this point. What, i think that gets to be a bit of a distraction. Stewart cheney also said president jimmy carter was a better commander in chief than president obama, something he thought he would never say. Do you think dick cheney is being harsh . Now, jimmy carter learn when he was in office that he was mps are like this president who has appease iran, syria, flattered him and the taliban. Jimmy carter started the military buildup that was continued by president reagan. This president hasnt learned. He is touting the same policies that gave us the worst recovery since the Great Depression and guess who that hurts the most, stuart. The person obama coalition. Single women, it hurts minorities and it hurts college students, young people and why is cheney the only spokesman for the Republican Party . Why isnt there someone else out there making these points . Stewart fair point. Im another one comes up shortly. To the crisis on the border as president obamas commerce to pass that 3. 7 million rate plan lawmakers are weighing in withdrawal proposals. One of those proposals and one of the people at the forefront of the debate is, Henry Cuellar whose district is on the border and he joins us now. Always a pleasure, thank you for coming to see us again. I know you got legislation, proposed legislation which would speed up cindys people back, speed up the process. Got that. I want to ask you, with the hispanic people on the border, youre from that district, would do the hispanic people think about returning these youngsters overseas . I want to speak only of my district and thats all im doing. Basically there are different opinions, but as long as you have a due process. You give them the protection under law. Then if you have a hearing like we are calling under our legislation and have a hearing quickly instead of having to wait three to five years what we are doing now. Stewart but the rest of your legislation is to speed up the repatriation process and i have to ask what do hispanics think about that . Well, i just gave the answer. There is a difference of opinion in my district. But, i can tell you when i got back from honduras and guatemala the president s of both countries said we want our kids back. If you think about it its a drink of those countries. We have to work with them so they can receive and integrate those young kids back into their society whatever the country might be. Stewart im told a lot of the youngsters coming across the rio grande are not very young children, that they are teens, 16, 17year old young man. Is that accurate . That is accurate. Most of them will be teenagers. There are some young ones, babies to to three, but they are with mothers. If you talk about unaccompanied kids then you are talking about teenagers from ages 14 to 17. Stewart lets suppose for a moment that your legislation passes and become the law of the land. It would only apply to newcomers, people knew we come across the rio grande, not to those already here. Is that accurate . It will overcome it asserts that is the people that just came in under the surge. Anyone that has been here for a while again im in the a believer in the dream act people that a been here 10 years or more is a different issue. We are talking of about the surge that started about a year ago. Stewart so, that means you will make the law retroactive if it will deal with the 57000 already here this year you will have to make your proposal retroactive to say jenny were the first or some other day, is that accurate . Yes we do go retroactive to cover the surge, which right now i think we have about 58000 unaccompanied kids, but you also have family members that have come in with young babies also. Stewart someone who knows you well told me a few minutes ago that you dont care about opposition that you are getting from the white house and other democrats. You are a strong guy and you will go your own way. Is that accurate . I went to work with the white house. I want to work with my democrats and republicans because again like president john f. Kennedy said this is not a time to find a republican or democratic idea, its how do we come with a practical solution that is the right thing to do. Stewart got young. I miss when Henry Cuellar from the border district itself. Thank you for joining us. We have had this by before, do you want to add you have 10 seconds to add something to the debate. Good to see bipartisanship on capitol hill. Kudos to them. Is the white house going to invest the Political Capital needed to get that bill passed into law . Stewart shes aborting a fight. Actually, that was a good point. After the break, two legends in their respective businesses, one Derek Cheater allstar game and we make the case of why you will probably never see another based on player like. And the other legend, completely different business, weird al again quebec, the king of parity is back at it using youtube and streaming on the internet to sell his new album and videos like this on by the way its on the show. 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Share your summer moments in your mercedesbenz with us. [cheers and applause] stewart yes, mary i do know [applause] stuart yes, mary. I do know that was derek jeter. Just checking. Stewart he got a fiveminute standing ovation last nights allstar game. He was taken out of the lineup and this was his last allstar game. He went to two black too. Mary, i dont thank you will see his like again in baseball, not in the near future. He met im optimistic about baseball. I think derek jeter is a classy guy and sports is full of cla