a born news update for you, firefighters are making progress against the huge wildfire burning in the the northern part of california south of sacramento, thousands of people evacuated and 3500 houses threatened and a shift in the the wind helped the firefighters keep the fire away from the homes, that's the good news there. and maybe 2000 fighters are there and the fire is now 30%

contained. we'll keep you up-to-date on that one. as we told you at the top of the show, mitt romney is start to go move up in the polls a little and he is clearly ahead in the fund raising race. so, here is the question. as romney starts to gain, is the market betting on a romney victory? greg vallier from potomac in d.c., am i totally out on a limb on this one? 13,250 on the dow, a start of a romney rally, what do you think. >> partially out on a limb, stuart. not totally. yeah, it's a nice stretch. the republicans have some momentum and they've got some spirit and the money story is big. i fully agree. but let me just throw two cautionary notes at you. instead of focusing on the sputtering economy, unemployment going up in a lot of key battle ground states, you have two other issues that are going to obscure the message. number one, this guy akin in missouri i think they want him

out not entirely because of clare mccast kill, becauskill. because it doesn't help with the huge gender gap. the other thing i think is going to get a lot of focus, stuart, is taxes, at the platform session yesterday they took out the mortgage deduction, they're not going to endorse that anymore, romney would kill a lot of deductions, that's a hot button issue and i think that could back fire on him. >> stuart: hold on a second, greg. who took out the mortgage deduction? i heard that there was a -- there was a proposal that maybe some of the deductibility of mortgage interest will be taken away. who has taken that off the table? >> the republican platform committee decided they will no longer support a lot of tax breaks, and i understand it's part of a desire to get the top rate from 35 down to 25. you've got to kill a lot of deductions, but neither ryan nor

romney have explicitly stated what deductions they would kill. now, the platform is saying we're going to do away with a mortgage deduction and that's potentially, a wild card. >> stuart: yes. doing away with the mortgage interest deduction is a wild card. i can see limiting it to some degree, but doing away with it, whoa, that's a red flag to us all right there. >> right. >> stuart: let me ask you about ethanol. the epa is going to take comment and consider lowering the ethanol mandate to use more corn for food as opposed to fuel. we've got that. it seems that this is far too little and far too late. we are going to have food price inflation coming right at us and that will be a factor in the election? >> absolutely. i tell you, the ethanol issue, stuart, can make the senate. the cynic, the amount of pandering to farmers who did not need this. corn prices were high enough already and all it's done is drive up food prices and hasn't

helped on energy and finally, i think, there's going to be a adult conversation on whether we need this mandate or not. >> stuart: why didn't the president jump on this early? why didn't the administration say come on, we've got to abandon the ethanol mandate just for this year, given of the situation. it would have been in his interest to do that. >> maybe not in iowa. in certain corn producing states, this is motherhood and apple pie. just as the wind credit sobama favors it and the platform took that out, as well. so we get to retail politics and battle ground states and sanity, often does not prevail. >> okay, so, you're not entirely dismissing my idea of a romney rally. and we leave it at that for part one of this discussion? >> no, i think there's some momentum. i have to agree with you and the money story is a big one. >> stay right there and we're going to bring you back and appreciate you being with us. i've got a major milestone for

apple and a major shift when it comes to putting corn in the gas tanks, we'll have the stories after the opening bell. and greg is still with us, talking about the climbing national debt. do you realize it's going to hit 16 trillion. there's a milestone for you, it will hit that mark during or just before, we believe, the republican convention, now, that surely is a big issue if it happens right as the republicans convene, isn't it? back in a moment. ve lately. but because of business people like you, things are beginning to get rolling. and regions is here to help. making it easier with the expertise and service to keep those wheels turning.

from business loans to cash management, we want to be your partner moving forward. so switch to regions. and let's get going. together. [ male announcer ] aggressive styling. a more fuel-efficient turbocharged engine. and a completely redesigd interior. the 2012 c-class with over 2,000 refinements. it's amazing...inside and out. ♪ join mercedes-benz usa on facebook for the best summer sweepstakes.

now, we're looking for modest gain when trading starts at the new york stock exchange in about one minute's time. and that could take us to 13,300. and here is what's in the news back drop today. it's been announced that mario he draghi, he runs the central bank, he will speak at jackson hole, wyoming. and that will be speculation in the market and will effect our stocks and also this morning, we've got the price of oil up about a buck and a half. and the big gains for oil well above $97 a barrel and that will have a impact on the economy, perhaps, and certainly on gas prices going forward and we also have the price of gold well

above 16 cents a ounce and 1630, somewhere around there, that's a very solid gain for the price of gold and here is the question, is something going on, israel, eye rain, the united states, is something going on there for just a dollar play? is the dollar down so tangible commodities go up. not sure what's moving the market, but gold and oil are sharply higher this morning. after the market, a gain of 30, 40 points, right from the getten had go. that could take us to 13,300 not a bad level. something i want to concentrate on, first off is facebook and the earliest investors, tina on the word insiders who sold big time stock yesterday after a lock up expired and yesterday he sold 20.1 million share and the

question, nicole, where is facebook this morning. >> lower, down about 2%, but it's not at the all time low, as 1875 which it hit yesterday, but it has lost some ground now. as you know, the director insiders have been selling and sales topped 1 billion dollars and expired. and it's only the beginning, more and more shares are becoming available. >> you've got that. 1940 on facebook, half price. now, i want to move on to apple. the most valuable company ever. 623 billion in the close yesterday and look at this, it's up another 5 bucks, nicole. >> it's amazing, 671.48 the all time new high and most valuable company and everybody is anticipating the iphone 5 and the i-pad mini and the analysts found under production, they check the chain, right, of the parts that you need for those things and they know that these things are on their way. and we are prepared to spend

money on new iphones, that's a fact. right? >> that's a fact and they're expecting a record historical launch and as we were the chatting another new high. 672.71. we'll see what it does. 67207. and we have samsung making a very big investment in its plant in austin, texas. it's putting 4 billion into that factory so it can make more chips used in the smart phones and tablets and that is, by the way. the biggest foreign investment ever into the state of texas and some see this as a slap in the face for california's silicon valley, more coming up in our next hour. take a look at oil and gas and real movement there. first of all, oil. 97-46. up a buck and a half. as for this, 3.71, but diesel

moving up again. and 3.99. late yesterday, by the way, the epa signaled it's going to consider waving ethanol quotas because of the disastrous corn crop. it's a start of the process. higher corn prices for your grocery bill and that will be a bigger issue as we get closer to the november election. and now this. the national debt expected to cross 16 trillion dollars, in the next few days, and next week, you can expect republicans at the rnc convention to use that probably against president obama. 15979 as of right now. and still with us, greg, thank you so much. i've got to believe that the republicans would jump all over a 16 trillion dollar debt milestone. >> oh, i'm sure, stuart. it's a potent issue, it shows a lot of fear that we're the next greece or whatever. let me make this point, i'll

probably disagree as i often do. let me point out, stuart, the bond market doesn't care. the 10-year are cramped up a little, but 2%. there's a in-- there's a demand. and those who are running away from the euro in droves. that's helping us. ordinary people, voters across the country, when presented with 16 trillion dollar national debt. that does mean something. may the not mean much to your bond market guys, understood. but, regular people. how on earth are we ever going to repay this and who ran it up. that's the question he. >> right, it's a terrible story, it's nothing that anybody should be be happy about, but, you know, i have this theme that i've been writing more and more about, that is the fact that we all agree on big contents, but we can't agree on the details. we agree we've got to do something about this, but when people are asked, what would you

favor doing, people don't want to close post offices in districts where the post offices are wildly unprofitable. people don't want any cuts in benefits, any cuts in spending, and they don't want taxes to go up. so, yes, it's a terrible story except that we can't figure out how to solve it. >> hold on a second, greg. i can give you 20 seconds right now on the romney plan to deal with the deficit. i can do that, can you give me 20 seconds on president obama's plan to deal with the deficit? >> oh, i have a real hard time defending him, he has abdicated and so many of the issues, especially entilements, very poor grades in my opinion on that, but you've got to say that the paul ryan plan doesn't balance the budget for a couple of decades, so, i a i mean, everybody mass to share the blame in not taking this seriouslily. one other point quickly, put simpson bowles on the floor of the house for a up and down vote. it got 38 votes and i don't see

a sense of seriousness here on rell doing something. >> stuart: i think you're right on that. i just think it's a very big issue in the campaign. in the election and i think it's a negative for president obama and a potential winner for the romney-ryan dict. ticket. >> yes, because obama has abdicated on this and you're right. it's one of many reasons why the race is razor thin. why obama is still in real trouble. >> stuart: by the way, greg, i think we've just hit a new high for the s & p 500 that is, that is my romney rally. >> okay, stuart, great to see you. >> stuart: you, too, greg, see you you again, soon. >> you bet. >> stuart: this you have it the s&p 500, 1422 and change, up 4 and change. is that another high -- it's the high for the year, i'm sorry, i want to get it right. the high for the year on the s&p 500, got it there. and now, back to nicole, best

buy, ooh, not looking good, i don't think. >> no, it's not. it's hitting a new low for the year, right, and sometimes new highs and sometimes new lows down over 8% here, and 1625, and there's so much going on, number one, their net income is falling, it's down 91%, and they have a new ceo that's under intense scrutiny and the founder is not able to take the company private and sales of notebook computers and televisions, has been dwindling. >> yep, i had to call that a company in transition. >> that was nice, that was very well said. i'm sure they appreciate the way you put that. >> i think so. by the way, the s&p 500 is now at a four year high. got to go back to may of '08. for you. >> stuart. in talking with the execution partners, they do a lot of the technical research there and he was saying if we broke up, moved above that 1420 mark which we did on the s&p 500, then, really, it's a breakout and

brings us closer to the 1440 level. >> we'll take it. thank you, very much, nicole. dow is up 10. >> warren buffet is starting to get worried about municipal bonds, and giving up on insuring them. forget the jargon about credit default swaps. what it means is that buffet is less confident that citizen states can keep paying their deathdebts. yes having. and los angeles has a huge pension problem and the former mayor has a plan to fix it, he will join us in the next hour. president obama won the latino vote in '08 by a margin of 2-1 how about that group vote. and fewer americans are religious now compared to 2005? father jonathan morris will be here on that one. what do you think? e-mail us now varney@com com. vx

business.com. nike not by once. southwest raises fares on short routes, $10 per round trip and others will probably follow and southwest at $9 a share. groupon stocks slumped to all time low the closing low yesterday. it's down a bit more this morning. up another 4%. and better than expected profit at closing, urban outfitters, the stock is up a nice 5 bucks, 16%, very big move there. positive forecast from nordstrom. the company makes nordson n-o-r-d-s-o-n. good for 10%, that makes industrial machinery. and the profit falls at shoe retailers, dsw. it's up 5% and medtronic, the profits there move up, disappointing, however, not as much as expected. and therefore the stock is down a fraction. question, will president obama really take credit for the

market rally since he took office? it's up more than 5,000 points in that time. and doug schoen joins us and does he think he should take credit? what about a nasty campaign? >> did you look at overall trajectory of our campaign and the ads that i've approved and are produced by my campaign, you'll see that we point out sharp differences between the candidates, but we don't go out of bounds. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person,

with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... energy is being produced to power our lives. while energy development comes with some risk, north america's natural gas producers are committed to safely and responsibly providing generations of cleaner-burning energy for our country, drilling thousands of feet below fresh water sources within self-contained well systems. and, using state-of-the-art monitoring technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas.

dare i say yet again, the first few minutes of trading, it is a pretty flat day. i'm afraid i have to say that, we're up 11 points on 13,000 index and that, ladies and gentlemen is pretty flat. the price of oil, nothing flat about that. that is a gain, and a significant gain, 97. 2-r9 it's u29, it'sup a buck 32. it may affect gas prices, it went down overnight slightly. but diesel went up 3.99 is the price. with oil,ed 97 plus per barrel, aif goi've got a suspicion thats prices are going up more from here. president obama says his campaign is not getting personal. listen to this from yesterday. >> if you look at the overall trajectory of our campaign and the ads that i've approved and are produced by my chain exaip e

point out sharp differences, but we don't go out of bounds. >> stuart: from a former clinton advisor, important 0 to mention that, doug schoen, he's here. >> thank you, stuart. >> stuart: what do you make of the a president saying it's not personal, it's not nasty? >> he parsed his words carefully because the ad in question, the one where he accuses mitt romney and bain capital of giving a woman cancer, was produced by a super pac affiliated with him that he's raised money for, but technically independent. so, while technically what he said is true, the spirit of it is just plain wrong. >> stuart: he is running a nasty campaign. >> of course he is. here is what they've concluded. they can't win on the merits. his record is not a good one. people think that they're less well off than they were four years ago, consequently, they believe that they have to demonize governor romney and sadly, stuart for you and those on the right, governor romney is

cooperating. >> you think, you think that this tactic of the president, you think it's a winning tactic >> it's a -- >> stuart: i understand maybe it's the only thing he's got. it's the best available strategy. >> right. >> stuart: i don't think that's a winning strategy. >> stuart, i don't believe it is necessarily a winning strategy, but tactically they've been beating romney day after day, week after week, i take your point, in the big election, people vote on bigger things, the president has to in the convention, talk about the future. because unless he has a vision for the future, i agree with you, very tough to win. >> stuart: i think the romney campaign has gotten out front on a few issues, notably medicare, i know you think that's a lousy strategy because democrats win on medicare, but i think that the romney team have gotten out front on that and on the attack, forcing the president to go on the defensive. out front not following. >> i understand you see it that way and the american people prefer the president's view on

medicare to either governor romney or paul ryan's and i think the republicans are frankly, leading with a very weak issue, they should be talking growth, jobs and stimulating the economy. they have been silent for so many months, stuart. it's almost impossible to fathom why. >> it's not impossible that romney-ryan beat up the president on medicare and take that issue away from him and then go up, go easy on medicare and then go on to jobs and the economy. which are bread and butter issues for every american, just as the campaign season really gets into high gear. maybe it's a good strategy. it's entirely possible they will try to do that, but they get about a week when the vice-president is announced to have a free run. i would have used that free run to go after the top issue that your neighbors and my neighbors are concerned about. and jobs and the economy. rather than medicare. and bottom line, i think they made a mistake. >> i believe that president obama will call this the obama stock market rally and try to take credit for it.

i think that's going to be his strategy. i think, however, that it's really a-- romney rally, because people are anticipating that maybe we can get something going in the private sector with a romney victory and you say? >> i say that this is the most recent rally is a very tepid one. people are deeply skeptical and what the white house is more scierscared of than anything els to take credit for something that evaporates quickly and i think the president is loath to do it that the private sector is fine, i don't think that the president wants to take credit for too much good news in the markets given there's been a lot of bad news so i think's going to be very, very hesitant to take credit. maybe the end of the election he'll try, but right now, i think's going to be very cautious. >> stuart: if the election were held today, i agree it would be very very close, but i think that mitt romney would still win. >> i think that the math that is you go through, probably president obama and i'm not a

obama supporter i'm a "varney & company" supporter. >> stuart: and that's a fine last line, very, very good. >> thank you. >> stuart: wasn't expected that. >> hopefully get me invited back. >> stuart: that wasn't in your talking point. where does that come from? >> from years of experience, from the heart. (laughter). you have a heart. >> i'm sure. >> stuart: doug, thank you very much. good stuff. time for your gold report. it is after all, 9:50 eastern time and it's up today. look at that, 1,641 a ounce, a gain of 19 bucks precisely as we speak. >> and wasteful and can't afford it, detroit employs a ferrier. and that's someone who shoes are horses, and we need explanation, liz macdonald. here she is.

all right. detroit's water and sewage department spends more than $29,000 a year to pay for a professional horseshoer. there's a problem. the water and sewage department has no horses. so, why not eliminate the position? union says it's not possible to

cut staff ahead of the-- the head of the union says the department needs more work. and liz, welcome to the program. what do you have to say? >> i love the part of the story the job description has not been updated since 1967 and shows that you know, listen, union jobs are government jobs, right. >> stuart: all right. >> and they have permanent job protection there. the thing with detroit they use the twice the number of employees per gallon of water, as other cities like chicago. that's the sewage and water department. >> that's the sewage and water department. so why do they need a horseshoer. >> stuart: you won't obviously. the union wants to maintain the position and i'm sure that person does something else. >> yes. >> stuart: i don't know what, but apparently he does blacksmithing. whatever that might be. >> whatever that might be. >> stuart: whatever it is. we thought we'd bring you the story and liz welcome to the show. good to see you, new at 10 have you wondered what you get tore attending a $36,000 fundraiser

for president obama. you get up close and personal with the president? is he charming? does he listen to you, a stunning new article in the new yorker magazine, the inside story what some top democratic donors are saying about the experience and they're not rave reviews and we'll talk about that and a lot more with democratic strategist mark melman coming up next. t's level. take the privileged investing tools of wall street and make them simple, intuitive, and available to all. distill all that data. make information instinctual, visual. introducing trade architect, td ameritrade's empowering web-based trading platform. take control of your portfolio today. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account.

trade commission-free for 60 days, ♪ the one and only, cheerios it's something you're born with. and inspires the things you choose to do. you do what you do... because it matters. at hp we don't just believe in the power of technology. we believe in the power of people when technology works for you. to dream. to create. to work. if you're going to do something. make it matter. >> announcer: meet jill. she thought she'd feel better after seeing her doctor. and she might have, if not for

kari, the identity thief who stole jill's social security number to open credit cards, destroying jill's credit and her dream of retirement. now meet amanda. with a swipe of her debit card, she bought some gas... and an all-expense-paitrip to hawaii for ben. ben is the intity thief who used a device called a skimmer to steal her formation from her card to open a fraudulent account. every year millions of americans just like you learn that a little personal information in the wrong hands could wreak havoc on your life. this is identity theft, and no one helps stop it better than lifelock. lifelock offers the most comprehensive identity theft protection available. ordinary credit monitoring services tell you after your identity has been stolen; they may take 30 days to alert you! too late for amanda. with lifelock's 24/7 proactive protection, jill would have been alerted as soon as they noticed an attack in their network, before it was too late.

and lifelock's bank account takeover alerts would have notified amanda in time to help protect her money. lifelock guards your social security number, your money, your credit, even the equity in your home. while identity theft can't be completely stopped, no one protects you better than lifelock. and lifelock stands behind that, with the power of their $1 million service guarantee. you have so much to protect, and nothing to lose when you call lifelock right now and try 60 days of identity theft protection risk-free. 60 days risk-free! use promo code: onguard. order now, and get this document shredder, a $29 value, free! call or go online now. [♪...]

stuart: new at 10:00, some of the president's biggest donors are venting about how they are being treated. a brand new piece in the new yorker magazine says they say a president doesn't thank them, doesn't give them much time and won't even pose for pictures with them. is that what you get for the $36,000 a plate dinners? it is tuesday morning. we're off and running on the market. the dow is a little bit higher now, moving up to 13,300, a 36 point gain as we speak. here's our company today: elizabeth macdonald joins us. charles payne is back in a different chair. i thank him very much for all he did over the last couple of days. charles thank you very much. and nicole is right there on the floor of the new york stock exchange. first of all, you have a winner, urban outfitters. go. what's up? nicole: the retailer hit a new high today, 37.65.

they've had strong sales. they've worked on their inventory. they also noted they have done a lot of full price selling, so selling at full price is good for them, better margins for them. also seen a lot of traffic. full price selling, i can say for one, i have gone in the store, pulled out a shirt, seems like a very regular sort of store, everything is 50 bucks or higher. stuart: 50 bucks a higher. nicole: that's a lot for what it was. stuart: i agree with you. i have been in those stores, occasionally. let's get to a company that's in transition, to put it mildly. it is best buy. i think it is at a new low, isn't it? nicole: a problem with best buy here today, it is selling off and hitting new low. it's recouped some of the losses. now they are having to cut their forecast and suspend it is what i mean. they are not giving one anymore because they can't seem to get it together. they are not making sales. they have transitional new ceo now. the founder has been trying to take the company private, won't be doing that. so they need to get their ducks

in a row. they can't even remotely give a forecast at this time. stuart: isn't it the biggest electronics retailer in the world or certainly was at one point? i think it occupied that position? nicole: yeah, well, circuit city is gone; right? where else? radioshack, who else do they compete against except wal-mart, target, amazon? stuart: in the store, buying on-line and looking at the prices in the store. i think that's hurting them pretty badly. nicole: that's true too, the show room. stuart: the dow is now at 13,312. many of you viewers, you don't like when president obama holds those $36,000 plate fund-raisers. according to an article in the new yorker, that's a magazine, the president doesn't like them very much either. the article using anonymous sources describes the president's attitude towards those rich donors as aloof at best. here's one key quote. quote, big donors were

particularly offended by obama's reluctance to pose with them for photographs. at the white house christmas and hanukkah parties. and there's more. the article says that at a recent dinner at the four seasons restaurant in new york, the president wasn't really able to speak with the big money donors because he had to rush to another fund-raiser at the home of anna wintour. a top donor complains that the white house doesn't even really know who he is. charles? vent, go. charles: listen, i'm not surprised by the story. i really not. i just think the president to be quite frankly with you, has a lot of disdain for people across different things, he has disdain for people who are driven by profit motivation. i think he has disdain for

people who don't buy into the environmentalist thing. i just think he's from that ultra elitist club. he's a charmer when he wants to turn on the charm, no doubt about that, but only when he wants to or has to. liz: clinton was a master at donor maintenance. the other part of this story is, it was sort of equating fund-raising with speed dating with the amount of time he was spending at the donor tables, you know, very small amounts time, call it fund-raising sort of speed dating. there's something unseenly having to do donor maintenance to do -- [inaudible]. i understand the complaint against the president, the criticism about it, but there's another side to the story, it is unseenly, what do the donors want? stuart: yeah, but you have to engage. liz: if you want to keep the money coming, yeah. stuart: not just donors.

you have to engage with america. you have to wrap your arms around the country and sort of face-to-face in a very personable sort of way. i agree that bill clinton had that. charles: he was amazing with that kind of stuff. you always felt that bill clinton felt your pain. liz: that he got it. charles: yeah, you definitely don't get that with president obama. he gets the the benefit of the doubt for a lot of reasons without actually having to prove it. stuart: joining us now is a democratic strategist. mark, welcome to the program. i want your take on this because a picture is being painted here of a president who has disdain for fund-raisers and donors generally and who is not really engaged with america. and some people believe the man is arrogant. i realize you have another side to this, but i think you will agree that the man's image is a problem. >> well, i really don't think the man's image is a problem.

he's actually much more popular than romney is at this moment and has been throughout this campaign. you know, look, the bottom line is you have a few anonymous donors who are complaining about some aspect of fund-raising. but as one of your guests just said, you know, the reality is that the purpose of fund-raiser is to get money to the president's campaign. people are not there to pitch their favorite policy idea. they are not there to be able to get special access to the president. and if they were, people would be complaining about that and rightly so. that maybe what happened to romney fund-raisers, maybe romney fund-raisers maybe donors have a special chance to make special pleas for their industry, for their personal pocketbook. that's not what happens at the president's fund-raisers. people are there because they are committed to the president. stuart: if i'm paying $36,000 for dinner, i really would like a word from the president. i would really like a photograph. i mean it is like going to disney and mickey mouse refuses to have a picture taken with you. i expect something for 36,000 bucks. >> you may, and the question is whether you have a right to expect.

the truth is, the president takes a lot of pictures with a lot of folks. i have seen them. i have seen those pictures being taken. i have got one. i haven't given any money. the reality is the president takes pictures with a lot of people. he doesn't disdain anybody. but what he is trying to do is raise a lot of money. it takes a lot of $36,000 checks to make up for the 25 million dollars that the coke brothers under investigation for violating the law are putting out there for romney. stuart: glad you got that one in. >> going from one fund-raiser to the other, just a fact of life. stuart: you are so reliable, mark, to get that in all. that's incredible, mickey mouse, disneyland, picture taking and the coke brothers. very interesting, well done, sir. for effort. the debt clock is running up. we're very close to 16 trillion dollars. never been there before. in fact, we're likely to hit 16 trillion just before or on the first day of the republican convention. now, they are going to make a big deal out of this, obviously.

i can give you 20 seconds on what mitt romney's plan is to get that deficit down. get the debt under control. in 20 seconds i can tell you. can you take 20 seconds and tell me what president obama's plan is to get that debt down and under control? >> well, the president has i think made it very clear what his plan is. on the one hand, he wants to increase revenues into the treasury by letting the bush tax cuts expire for the richest 2% of americans. and then at the same time, make substantial cuts to the budget. already cut hundreds of billions of dollars. he's willing to cut hundreds of billions of dollars more from the budget. you have to have a balanced solution here, one that looks at revenues and one that looks at cutting spending. if you have that solution on the table, the president has that plan, he was that close with speaker boehner to getting that plan. speaker boehner said i'm not willing to accept the cuts you're putting on the table, if there's a dime of extra revenue. that's the speaker's point of view. but that's not really where most

americans are. stuart: we're not going to get into a big discussion about this, suffice it to say, there was a difference between when the spending cuts would take effect and when the tax increases would take effect. but that's another story. let me concentrate on taxing the rich for a second. if the president gets his way and extends -- or takes away the bush tax cuts for people making more than 250 million dollars a year, that might, repeat might, bring in 80 billion dollars a year, might. that would still leave you with a deficit of 1.2 trillion. raising taxes is not going to be any kind of solution at all, is it? >> it's part of a solution. i think everybody -- stuart: tiny part. >> everybody economist who has studied this has said clearly you need a balanced solution. you need to increase revenues. you need to cut spending. the president's willing to do both. stuart: mark, hold on a second. i take your point, mark. but raising revenues is different from raising tax

rates. you can raise revenues by lowering tax rates, stimulating the economy, and producing more revenue down the road. that's what most economists believe is the way to go. raising tax rates does not bring in that much more revenue and hurts the economy. >> and closing tax loopholes, all kinds of things can be done to increase revenue. the simple fact of the matter is, the republicans in congress have said we will not do anything that increases revenue. and that's just not a formula for success. you have to be willing to compromise. if you are not willing to compromise, you are not going to get anything done in our system. stuart: romney ryan plan for tax reform does raise revenues. it does. >> well, the romney ryan plan says that the richest people in america get more tax breaks. that's a position. it also says that people at the bottom are actually going to pay more. stuart: actually the romney ryan plan would actually create more

revenue from rich people than now. you know that? >> well, that's under some assumptions that nobody really is able to prove. but the bottom line here is very simple, there's a romney ryan budget that says it is going to cut 700,000 jobs. it is going to cut social security. it's going to take medicare and say we're going to turn medicare over to private insurance companies. that's a legitimate position. but it's not a position that most people in this country endorse. stuart: i think we will leave it at that. mark, you always appreciate you being on. >> thank you, pleasure. stuart: we've put that full new yorker article by the way on our facebook page, follow it, check it out please. very interesting reading. now we move on to the corporate front. samsung is spending 4 billion on a factory in the united states. it is a right to work state. it is texas. biggest input of money into texas ever.

what do you make of that charles? charles: this is why a lot of people were excited when the texas governor threw his hat in the ring to be president. texas is the template. they are showing us what we need to be to continue to be the greatest country in the world. a lot of smart people, and very low taxes or no taxes in certain areas. that's the ultimate one-two combination. that's why millions of people, intelligent smart hardworking people have left other states like california and they have come to texas. this is like the old gold rush in reverse. they are leaving the great golden state and they all move to texas because that's where the money is. stuart: do you have a comment there? liz: texas has no capital gains taxes and created more jobs than many other states in this country. stuart: you've got it. one of facebook's earlier investors, he's on the board of facebook, by the way, he was among the insider selling stock in the social network facebook after a lock-up expired last week. now he sold 20.1 million shares. nicole, tell me where facebook

is right now. nicole: it is lower. not at all time low that it set earlier this week at 18.75 -- 18.75, but it is to the down side. the lock up expiration is underway. last week was the first. then there will be another, somewhere between october 15th and november 15th. and at that time by the way, november 14th is actually the day that mark zuckerberg can begin selling if he wants to. stuart: yes indeed. thank you very much nicole. liz, you have been watching this story of the insider selling peter thiel. he sold 20.1 million shares. liz: that's 80% of his holdings. he's dumping -- he's essentially -- i'm not going to say he's wholesale de-friending facebook right now. i understand it was a lock-up period, and he had a plan that he launched back in may -- stuart: he said he was going to sell. liz: but the point is, the problem is 1.4 billion shares of facebook are going to be flooding into the market by year end. that's going to put way more

pressure on the stock. he's probably getting out at a good time. i think he might be right now. stuart: an extra 1.4 billion shares could be sold if their current owners want to sell them. liz: by the end of the year. stuart: lock-up is over. they can sell if they want to. do you have any idea how much peter thiel made autoof this -- out of this? liz: about 400 million dollars, sold it at about $20 a share. stuart: we don't know if that's 400 million dollars pure profit. we don't know what he bought at. liz: correct. charles: the only problem i will say i do have with this, the ipo, 57% of the ipo was insider selling. in other words they weren't raising money for the company for operations, it was a way to dump their shares on to the public. that wasn't the case the year ago. you didn't see where insiders were dumping wholesale into the beginning. this is supposed to be the beginning period for everyone who is investing in this company and going at it.

i think this can backfire from a pr point of view and i think it will hurt facebook bad. stuart: i think it already has. charles and liz. patent fight between apple and samsung. it claims that samsung ripped off iphone and ipad technology. we need the judge for this. he's here next.

stuart: i'm going to say it is

another quiet day for summer stock market, quiet in terms of volume that is. at the moment the dow is up 34 points. been like this all summer really. small moves, the overall trend has been higher. dow up six weeks in a row, at its highest level now in about four years. we are seeing big moves in commodities. look at gold, up 17 bucks. look at oil, rising as well. above $97 a barrel. $1.41 higher. gas prices, pretty flat to slightly lower overnight. $3.71 for regular. but that's likely to be temporary with oil moving up to 97 -- $97 a barrel. look at apple, up again today, up big yesterday. it is the most valuable company of all time. a higher market value than microsoft back in 1999. apple is also suing samsung over patent infringement. that case has gone to the jury. the judge will be here to talk about that. wait for it, 90 seconds to go. and see wh criteria they use.

such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the expert strategies feature is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. questions. when you're caring for a loved one with alzheimer's, not a day goes by that you don't have them. questions about treatment where to go for extra help, how to live better with the disease. so many questions, where do you start? alzheimers.gov. the answers start here.

stuart: one of the biggest technology patent cases in history is going to the hands of a jury after closing arguments today. it's been a three-week trial. apple says samsung stole its technology for the iphone and ipad. did they? all rise the judge is here. >> i wish i could answer that question. stuart: here's what i think, i think apple launched this suit to slow down an up and coming competitor. tie them up in court. use the court system. tie them up. slow them down. >> well, there is an argument to be made in support of what you said, but even a litigation as

expensive and complex as this is insufficient to drain enough assets from samsung that they are actually tied up. there's a couple unique aspects to it. i read the jury verdict form, the piece of paper that goes to the jury that has questions it needs to answer. stuart: is this written by the judge? >> yes, in conjunction with the attorneys for both sides. it's 42 pages long. it is enormously complex. it lists every alleged patent violation there. there are hundreds of them. and the court actually worried aloud could the jury possibly understand this, so much so that she did something, the judge, that i never heard of. after sending the case to the jury, she sent them home for a day, and she ordered the chairman of apple and the chairman of samsung to talk for a day in one last-ditch effort -- the trial is over -- to settle the case. if they settle it, the jury stays home f. they don't settle it -- if they don't settle it, the jury comes back tomorrow, and begins deliberations.

that's how desirous this judge is for an amicable settlement rather than a resolution by laypeople who couldn't possibly understand all of this. stuart: are they getting together today? >> yes, the ceos are getting together today. the jurors are at home. stuart: the judge wants them to get to some agreement. >> yes, absolutely, they are doing this in the basement of a courthouse in san jose california. stuart: it strikes me that the entire court system is not equipped to deal with technical complex patent -- >> stuart, that is a superb observation. i agree with that. to to put into the hands of laypeople who lack the sophistication and education of understanding this, very very complicated issues, a patent infringement, do you know what that is? these are concepts that takes lawyers years to understand.

liz: intellectual property court system, there was also talk in the past of a separate court systems for things like workers' compensation fights. you have separate court systems set up here to handle these -- >> we don't have that yet. liz: but is it a good idea? >> the case of this magnitude, depending upon the outcome may beg for one. judges who are especially trained to understand that -- charles: what about jurors, have there been talk of professional jurors? >> we have never had that in the u.s. each side produces an expert, and frequently the better expert wins the case. the scientist who can better explain to laypeople what happened here, the most charming, the most engaging, the person who can dumb it down the better, it is the side that will win. stuart: thank you very much. >> you know what i'm saying. [laughter] >> i don't know how this is going to go. as i read that verdict sheet, it was boggling my mind. i have drafted very complex verdict sheets in my career, but i have never seen one like this.

it is very very difficult to understand. stuart: how do you get bias out of the jury? everyone knows that apple is the world champion in technology. is there bias? >> there might be. do you own apple products? do you own samsung products? can you address this fairly no matter what you own? you look them in the eye. they are under both. you get a personal commitment from them to be absolutely fair and disregard their own affection for a particular product and experience with it. stuart: so they're only going for money. if apple wins, they win money. if samsung wins, they win money. they don't sort of say hey you can't put that tablet out -- >> apple is asking for 2 1/2 billion. samsung is asking for a billion. meanwhile, they are still doing business for each other, they are still producing products for each other. >> liz: samsung makes the chips.

stuart: thanks, everybody. >> we should have an answer by the end of the week. stuart: we will get it. thanks. back to the presidential campaign, could the latino vote be in play for november? president obama carry has group by a very wide margin four years ago. what about this year? we will deal with it next. people like options. when you take geico, you can call them anytime you feel like saving money. it don't matter, day or night. use your computer, your smartphone, your tablet, whatever. the point is, you have options. oh, how convenient. hey. crab cakes, what are you looking at? geico. fifteen minutes could save you fifteen percent or more on car insurance.

and waiting in line. i don't have to leave my desk

and get up and go to the post office anymore. [ male announcer ] with stamps.com, you can print real u.s. postage for all your letters and packages. it gives you the exact amount of postage you need the instant you need it. can you print only stamps? no. first class. priority mail. certified. international. and the mailman picks it up. i don't leave the shop anymore. [ male announcer ] get a 4-week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again.

>> i say the electoral map if you go through it is such that it would probably go to president obama and i'm not an obama supporter, i'm a varney & company supporter. stuart: i like that guy. he was doug schoen in our last hour, with an election prediction and a pledge of allegiance to varney & company. he will be back. remember please we start at 9:20 sharp every morning. time for a market check. where are we? we are up 40 points on very slow volume. -- very low volume. the dow is at 13,3 push-- 13,30. oil is up $1.45, 97.42. that means gas price wills probably continue to rise, capped out at 3.71 for regular overnight and 3.99 for diesel. let's get back to nicole because groupon shares. they hit another low? nicole: that's right, i'm reading through barclays note this morning, stuart. all about the downgrade on groupon. and it's hitting a new low today. we're seeing it right now at

4.58. they put a new price target of $4. talking about low margins, a lot of skepticism surrounding the ceo, whether he can really turn the business around. and the analysts are talking about the fact that slowing customer growth, now that's going to mean more marketing costs for groupon. their outlook has been bleak. so all the analysts are obviously cutting it. stuart: a lot of people tell me they don't like the whole volume of stuff coming at them all the time. they can't deal with it. nicole: that's true. a lot of people are even don't like the fact they know everything you are doing, all of a sudden you get this groupon deal. stuart: we will track it. thank you very much nicole. now this, in 08, president obama won 67% of the hispanic vote. john mccain, 31%. so here's the question, with unemployment still high, 8.3%. will latinos still support president obama in november, to

the same degree? our next guest is from the american action network. jennifer, welcome to the program. >> thank you. stuart: if president obama got 67% last time around, what does he get this time? >> well, i think it is going to be definitely lower and it remains to be seen. but he has a string of broken promises in the hispanic community. stuart: how much lower than 67%? i mean, do you think it will split 50/50? >> we have seen numbers around 60% or lower. the hispanic community is very disappointed with the president. they weren't exactly enthusiastic about voting for him last time, but because he so heavily campaigned in the hispanic community on immigration and bringing jobs back, they voted for him. stuart: but what's the bigger issue to hispanic voters? is it jobs ie, 8% unemployment, which is a negative for the president? or is it immigration where the president has allowed illegals, undocumented people to stay, etc., etc., etc.? he's been very okay with that group.

what's the bigger issue? >> all polls, all polls, including a poll the hispanic leadership network did shows that jobs and the economy number one issue. you pointed to 8.3 unemployment. it is almost 11% in the hispanic community right now. hispanics are -- cannot find jobs, and within the youth, it's almost 30% unemployment. so that is what people are looking at. how are they going to feed their families? how are they going to keep a roof over their head? liz: also deportations are up too. that's hurting hispanics as well. and also i think that the number of people -- stuart: are deportations -- are they? hasn't he put some kind of a restraint on taking people out of the country if they can say i was here for -- charles: there's a certain amnesty for younger children of illegal immigrants, but, you know -- the one thing i do want to ask real quick, though, are hispanics willing -- are they open for tough love?

in other words, you know, are they going to accept the victim card, or are they open to saying yeah i'm open to the challenge of getting educated, i'm open to the challenge of being a parent, not having kids -- 12 kids with 12 different women. i'm open for this particular challenge. can a republican talk to them that way in a straight honest way? >> i think republicans can absolutely talk to them. hispanics are open to listening to those issues. even though hispanics registered to vote as democrats, when you talk about the actual issues, they are conservative on national security, on government spending and taxes and religion. back to the point, though, the president is trying to have it both ways. he promised he would do immigration reform, which he didn't. he has the highest deportations of any president in history. which is it? does he like immigrants or does he not like immigrants? he can't have it both ways. stuart: you're essentially

conservative. >> center right, yes. stuart: you support governor romney in this election. >> hispanic leadership network does not endorse, but we engage in the hispanic community on center right issues. stuart: thank you very much for joining us. >> thank you for having me. stuart: los angeles is facing a financial crisis, and a lot of it has to do with public worker pensions. but its current mayor will not do anything to existing worker pensions. won't touch them. what would former l.a. mayor richard riordan do? he has a plan and he joins us next. [ male announcer ] if you have to take care of legal matters.

legalzoom has an easy and affordable option. you get quality services on your terms, with total customer support, backed by a 100% satisfaction guarantee. so go to legalzoom.com today and see for yourself. >> announcer: meet mary. she loves to shop online with

her debit card, and so does bill, an identity thief who stole mary's identity, took over her bank accounts and stole her hard-earned money. now meet jack. after 40 years, he finally saved enough to enjoy retirement. angie, the waitress at jack's favorite diner, is also enjoying his retirement. with just a little information, she's opened up a credit line, draining the equity in jack's home. unfortunately, millions of americans just like you learn all it may take is a little misplaced information to wreak havoc on your life. this is identity theft, and no one helps stop it better than lifelock. see, ordinary credit monitoring services tell you after your identity has been stolen. they may take 30 days to alert you-- too late for jack. lifelo has the most comprehensive identity theft protection available. if mary had lifelock's bank account alerts, she may have been notified in time to help stop it. if jack had lifelock's 24/7 proactive protection, he could have been alerted by phone or

e-mail as soon as they noticed an attack on their network, before it was too late. lifelock has the most comprehensive identity theft protection available, guarding your social security number, your money, your credit, even the equity in your home. while identity theft can't be completely stopped, no one works harder to protect you than lifelock. you even get a $1 million service guarantee. that's security no one can beat. you have so much to protect and nothing to lose when you call lifelock right now and get 60 days of identity theft protection risk free-- that's right, 60 days risk free-- use promo code: notme. order now and get this document shredder to keep sensitive documents out of the wrong hands-- a $29 value, free. call the number on your screen. [♪...]

stuart: i've got breaking news for you. this is a big win for private companies on the issue of air pollution. the federal appeals court in d.c. has just struck down the epa's rule designed to limit air pollution that crosses state lines. the epa's rule aimed to control emissions that cause acid rain and smog from power plants, created in mostly -- in about 28 mostly eastern states. the power companies said the rule caused undue financial burden on power producers and could make the power market less reliable by forcing companies to shut down some older plants. so again, big loss for the epa. big win for private power companies. this will probably go all the way up to the supreme court. no signs of the midwest drought

letting up i'm afraid which means higher grocery bills are heading your way. joining the company now from chicago is larry levin with trading advantage. larry, i have been away from this for few days. i have not kept up to speed on it. the drought is still bad. are basic food prices still going up, and i'm going to be paying more at the grocery store? is that where we're still standing? >> yeah, well, there's no question the trend is up. you saw commodities like corn pull back a little bit, and the reason behind that is that the harvest came a little bit earlier. actually you kind of mixed in the good news and bad news. really had a situation where it was so hot, right, and it kind of beat up the corn product but also made harvest come a little bit quicker so got that corn to the market and then broke those prices a little bit. still sitting very near highs. it is a lot higher this year than recently. am i looking at inflation at the gas pump and at the grocery store later this year? >> yeah, i don't think there's any question about it that inflation is coming, and that's the situation we're not going to

be able to avoid. it is a bad sign; right? food and fuel prices are already high. so what is inflation going to do? make them even higher and it will be that much tougher on our pocketbook and at the grocery store. stuart: thank you very much larry. the former los angeles mayor richard riordan has a warning for the city of los angeles. reform public worker pensions now or face a fiscal disaster, his words. disaster. his plan calls for three changes, number one, allow voters not the city council to approve changes to public employee benefits. two, cap current worker salaries to limit pension payments. three, create a new pension category for new employees. mayor riordan joins us now from los angeles. mayor, your honor, i'd like to take this one at a time. you want voters to approve any changes in pensions or salaries.

voters, not the city council, but direct voters. point number one; correct? >> absolutely correct. the city council is totally controlled by the unions, and instead of cutting back on pensions, they increase pensions over time. i would like to add something, the mayor has become -- is reforming himself and he is very much behind what i'm trying to do. stuart: you would require some kind of change in the city charter or the constitution of the city to make it voter approval as opposed to city council approval; right? >> we have to do that first because the council obviously won't do it. and that will also mean that from here on out we won't have to go to the public because you would not be able to increase pensions without voter approval. stuart: okay. looking through your three points, i don't see any change to the pensions which are very

already have been agreed to and which are already being paid. i think that's the fatal flaw in your plan because unless you deal with the pensions which we're now shelling out money for, can't get a grip on things. >> well, first of all, what we're going to put in front of the voters hasn't been finally decided on. secondly, there is a problem, the courts upheld that the contracts with the present employees cannot be upset by voters or otherwise. and so this is something we have to look at very carefully to make -- before we make changes. stuart: so really your hands are tied on that issue. i mean the court says no, you can't touch pensions that have already been agreed to and starting to be paid, can't touch them. okay. you used the expression i think it was either disaster -- yeah, a disaster, you used that expression. do you mean bankruptcy? >> i think, yes -- well, bankruptcy is a bad word, but if you're insolvent, you don't have any money to pay police, to do -- to pay for libraries,

parks, fixing roads or something, maybe the only thing you can do is go into bankruptcy in order to have the court cut back on all these pensions, healthcare and other things. stuart: real, fast, your honor, if you don't make any changes at all, when do you hit that bankruptcy filing? how many years? >> anywhere from 1 to 3 years. no more than 3 years because it is -- we're going up like a half a billion dollars a year in the costs. and i don't think the city can stand it much longer. plus, throughout all of this, we're losing jobs and taxes. stuart: ouch, mayor richard riordan, formerly mayor of los angeles, always a pleasure. you spell it out for us. you know what you are talking about, sir, and we appreciate that indeed. >> thank you very much. stuart: sure thing. here's a question i never thought i would have to ask, is america turning into a --

[inaudible]? father jonathan morris is next on the state of faith in america.

it's something you're born with. and inspires the things you choose to do. you do what you do... because it matters. at hp we don't just believe in the power of technology. we believe in the power of people when technology works for you. to dream. to create. to work. if you're going to do something. make it matter. stuart: all right everybody. i have to tell you the share price of facebook is down again this morning. at this moment it is at 19.79, down 23 cents.

worth only slightly more than half its ipo price. one of facebook's earliest investors, he sold roughly 20 million shares yesterday, after the lock-up period expired. he sold in fact most of his stake in the company. and groupon falling to new lows. barclays downgrading it. lowering its price target to $4 a share from 15. those are the new internet ipos. but look at so-called old internet stocks, priceline, amazon, netflix, all nicely higher today. as are the markets overall. the dow industrials up 54 points now. just a few points away from the highest level since december of 07. word out of europe is that germany's going to keep the bailout money flowing to greece. that's why our market is moving up. [ female announcer ] need help keeping your digestive balance?

try the #1 gastroenterologist recommended probiotic. align. align naturally helps maintain digestive balance. ♪ ooh, baby, can i do for you today? ♪ try align today. stuart: fewer americans consider themselves to be religious. 60% identified them as a religious person, down from 73% in 05. here's the exact question that was asked. joining us now is father jonathan morris. that study would suggest that we are less of a religious nation, are we? >> you know, a lot of these polls make the outcomes very confusing because of the question themselves. stuart: agreed. >> there are many people who are extremely spiritual, who actually attend religious services and say, you know what? calling yourself religious is

actually a bad term because then you're following the law instead of following god. this last week, 60 million americans attended church services. that's more than people who have stood in college football stadiums throughout the whole year of last year. i think there are a lot of people in the united states who still have a strong belief in god. are there more people coming out and saying i am an atheist? studies say yes. i think that is a result of people saying it's okay to express doubt. it's okay to express doubt. stuart: i think charles' thing here, you think the atheists are coming on real strong. charles: absolutely. i think they have a tremendous input in hollywood. i think part of the input is involved in environmentalist movement. and i think president obama is sympathetic to that. liz: it is easy to know everything when you know nothing essentially. that's the way to look at atheists. they think they know everything when they know nothing.

we think we know the ultimate reality when we don't. that's always bothered me about that. stuart: can we summarize like this, the atheists are coming on real strong and making a big public showing but america is still fundamentally a religious country and not getting less so? >> the statistics you gave, 60% consider themselves religious. that suggests that america is still a very religious country. but even more than those who are are attending church services and calling themselves religious are those who say i believe in god, and it's over 90% in this country, but to charles' point, that there are very strong -- there's a very strong atheist movement out there. those are activists. those are the ones who are putting up all sorts of signs on highways saying leave the christian church -- liz: there are honest catholics who say we are disenchanted, we don't like how the church is being run these days. those are people you have to worry about; right?

>> fair enough. i'm a disenchanted catholic in the sense that -- although i believe deeply in my faith, not everything that goes on in terms of management of the church is somehow pleasing to me, no, but that's because the church, whether it's a catholic church or these other institutional churches, they are run by human beings, and that's always going to be a fact, and it's a great point. stuart: i have 30 seconds. there's a catholic nun appearing on another news channel who says paul ryan is a bad guy and a bad christian because he doesn't take care of the poor. you say? >> yeah, i don't know that she said that he was a bad guy, but certainly she said he cannot say that he is a good catholic following teachings of the catholic church why? because he doesn't respect the preferential option for the poor. paul ryan is not only a good man, from what i know personally, but also i believe he has taken seriously laying out a budget in relationship to moral principles. you might disagree with not how you apply those principles, but

paul ryan has said very clearly he is all in favor of creating a good safety net for the poor in this country, and very few other politicians have been willing to say these are my principles, and i'm going to actually apply these principles to creating a budget. he's saying the best way to get people out of poverty is to make sure they're not dependent fully on government. and it's a difference of opinion, certainly, but i think it is terrible to say he's a bad catholic or bad christian. stuart: every time he's on the show, i think can we have another 10 minutes with him? charles: absolutely. stuart: father jonathan, we are out of time but thank you very much for coming. >> thank you. stuart: my take on the county fair and the people who do and don't attend it. wait for it. it's coming up next. this man is about to be the millionth customer.

would you mind if i go ahead of you? instead we had someone go ahead of him and wifty thousand dollars. congratulations you are our one millionth customer.

people don't li to miss out on money that should have been theirs. that's why at ally we have the raise your rate 2-year cd. you can get a one-time rate increase if our two-year rate goes up. if your bank mes you miss out, you need an ally. ally bank. no nonsense. just people sense.

stuart: you know, the elites in america don't really like some of the things that are a basic part of american life, being in the media, i suppose you could say that i am part of the elite. but i just don't see eye-to-eye with them. so here's my take on the delaware county fair. it's in up state new york. i go every year. i was there last friday.

elephants ears, you know what they are? i do now. they are a large flat piece of funnel cake with something sweet in the middle. absolutely delicious. loaded with fat and sugar of course. but just perfect as hand held food for strolling around the fair. can you see the elites enjoying or approving of elephant's ears? or fried candy bars for that matter, they were on sale too. and then i ran into 14-year-old damion archibold, i watched him knock down five targets with an air rifle in 1.08 seconds. there was a crowd watching. they were cheering. do you see where i'm going with this? youngsters, an enthusiastic crowd, can you see the intelligence approving of that? by -- i also liked the tractor

pull, the fireworks at night. forgive me for belaboring the point, but i don't believe the so-called sophisticates see things my way. i will be there again next year. to me, the county fair is a wonderful part of summer in america. and i like it. that's my take. now this -- her life and everything changed. which one? you'll never know because the lyric is in her ear. 100% invisible. you can't see it, and it's the only device that works round the clock with zero daily hassle. no batteries to change. no taking off and putting on everyday. in their report, a leading newspaper said "lyric appears to have overcome many of the problems associated with traditional hearing aids"

sound good? call 1-800-499-3277 now for your risk free 30 day trial. this is the lyric. it's teeny... it's soft. lyric fits comfortably at the sweet spot right next to your ear drum for truly natural sound quality. in fact. 95% of lyric users prefer lyric sound quality to their old hearing aid. it sounds like the hearing that i remember hearing when i was young. and finally i was able to hear what people had to say and i didn't realize i'd lost that much in those years.. so it was terrific the quality and clarity of sound is unlike anything i've experienced now the miller twin with lyric can hear and do most everything her sister does twenty-four seven. so which twin hears clearly now? both of us! call 1-800-499-3277 right now for your risk free 30 day trial and experience hearing with zero daily hassle for yourself. lyric is effortless. it gives me complete freedom.

once they're placed in my ear, i never think about my hearing loss again. showering is not a problem. traveling is not a problem. they're hassle free, they're 24/7, there's no maintenance, there's nothing to do. there's just absolutely no reason not to try it. 100% invisible hearing is wonderful. finding one that works 24/7 with no daily hassle is just too good to pass up. so call now and ask about your risk free 30 day trial. get a lyric in your life. stuart: the tuesday morning highlight reel. roll the, please. >> i would like a word from the president. i would like a photograph. >> the purpose of a fundraiser is to get money from the campaign. >> obama's reluctance to pose with them for photographs. >> there is no dow about