done that. imus: and we will be watching the e channel, and joan rivers and guest silverman, for the fashion police and of course they would never let joan rivers host it, but they should. although somebody suggested, maybe it was seth, that the-- what's the name on "saturday night live." >> tina fay. imus: tina fay and amy poehler, they've got to let them do it. anyway, we're out of time for sports, warner, so we could do sports after this, you want to do this. >> sure. imus: we'll do sports after this, anna-sigga nicolazzi is coming up. why are we playing this record, lou? >> george harrison. imus: oh, okay. ♪

♪ ♪ imus in the morning ♪ >> if you had to cut your household budget by 2%, would you first cut your children's medicine? of course you wouldn't. but the president will do just that. the white house wants maximum

pain for maximum political advantage. good morning, everyone. the white house has released a state by state list of where and who the spending cuts will hit if they're imposed friday. a couple of examples, 350 teachers and teacher's aides cut in ohio. 4200 children not vaccinated in georgia, that's pain. the president says no substitutions. agency heads will not be allowed to lessen the pain by shifting the cuts to nonessential items. you can't do that. so as we start the new week, the pain begins friday. the markets don't care. stocks open higher today, why is that? because ben is widely expected to bail out the president and the economy by printing more money. what had a week. "varney & company" is about to begin. ouis current pace, bob will retire when he's 153, which would be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage.

luckily, he found someone who gave him a fresh perspective on hisortfolio. and with some planning and effort, hopefully bob can retire at a more appropriate age. it's not rocket science. it's just common sense. from td ameritrade.

>> live from the white house, the first lady of the united

states, michelle obama. [applaus [applause] >> thank you, jack, and welcome to the white house, everyone. stuart: there you have it. thunderous applause the first lady making a surprise appearance. the first time a president or first lady appeared there. remember, hollywood has been a big backer of president obama and a big time producer and backer harvey weinstein reportedly set up the whole thing. please don't forget, hollywood gets hundreds of millions of dollars of subsidies from the feds. and one other oscar item for you this monday morning, the gift bags just for attending the oscars celebrities get free stuff. the irs says those gift bags are taxable. they are taxed heavily on this year $47,000 worth of gift bag goodies the tax is $20,000 plus, that will be federal and california taxes and the celebs have to pay even if they don't take the bags home. all right. this got a lot of play on

"varney & company." those google glasses have the heads up display showing everything from text messages to the weather forecast right in front of your eyes, cool, maybe, but could they prove to be a liability in court. people hurt because they were distracted by the technologies, are the lawyers getting ready to pounce? and all-star lawyer mark lanier, is he getting ready to sue? here is something you don't hear any day. a venture capitalist willing to start you money to start a business and the catch, he says you have to move the business to detroit. has anybody done it ye. the head of yahoo! says no more working from home. what? a tech company and you can't work from home? we'll have that for you, obviously, plus, barack obama has we said, he wants maximum pain. whose idea was sequestration anyway, steve forbes, the

opening bell, they are next. [ woman ] if you have the audacity to believe

your financial advisor should focus on your long-term goals, not their short-term agenda. [ male announcer ] join the nearly 7 million investors who think like you do. face time and think time make a difference. at edward jones, it's how we make sense of investing. i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung fction starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicort, today i'm breathing betr. and that means...fish on! symbicort is for copd

including chronic bronchiti and emphysema. it should not be taken more than twice a day. symbicort may increase your risk of lung infections, osteoporosis, and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking it. with copd, i thought i'd miss our family tradition. now symbicort significantly improves my lung nction, starting within 5 minutes. and that makes a difference in my breathing. today, we're ready for whaver swims our way. ask your doctor aut symbicort. i got my first prescription free. call or cck to learn more. [ male announcer ] if you n't afrd your medication, astrazeneca may be able to help. tdd# 1-800-345-2550 when the spx crossed above its 50-day moving average, tdd# 1-800-345-2550 i saw the trend. tdd# 1-800-345-2550 it looked really strong. tdd# 1-800-345-2550 and i jumped right on it. tdd# 1-800-345-2550 tdd# 1-800-345-2550 since i've switched to charles schwab... tdd# 1-800-345-2550 ...i've been finding opportunities like this tdd# 1-800-345-2550 a lot more easily. tdd# 1-800-345-2550 i was using their streetsmart edge trading platform tdd# 1-800-345-2550 and i saw a double bottom form. tdd# 1-800-345-2550 i called one of their trading specialists tdd# 1-800-345-2550 and i bounced a few ideas off of him.

tdd# 1-800-345-2550 they're always there for me. tdd# 1-800-345-2550 and i've got tools that let me customize my charts tdd# 1-800-345-2550 and search for patterns as they happen. tdd# 1-800-345-2550 plus webinars, tdd# 1-800-345-2550 live workshops, tdd# 1-800-345-2550 research. tdd# 1-800-345-2550 whatever i need. tdd# 1-800-345-2550 so when that double bottom showed up, tdd# 1-800-345-2550 i was ready to make my move. tdd# 1-800-345-2550 all for $8.95 a trade. tdd# 1-800-345-2550 can you believe it? tdd# 1-800-345-2550 i love it when you talk chart patterns. tdd# 1-800-345-2550 trade up to 6 months commission-free tdd# 1-800-345-2550 with a $50,000 deposit. tdd# 1-800-345-2550 call 1-800-284-9850 tdd# 1-800-345-2550 and open an account, tdd# 1-800-345-2550 now with no trade minimums. >> 60 seconds to the opening bell. we're expecting stocks to move up. first thing monday morning, and steve forbes joins us, welcome to the early, early pre-opening bell show. i think that the market will

open higher today and the stocks are at a higher level because no matter what's happening with the economy, ben is going to print up a storm and you say what? >> the ben is printing up a storm and stocksening nowhere for 14 years and i think the sequester will take a nick and-- >> you think that sequester, budget cuts, spending cuts, it's good for the markets. >> it's excellent for the economy and the economy is good, the market will be good. stuart: we're going to explore that one. hold on a second, steve, i've got to move to the opening bell. a couple of news items in the background and they've got a new governor and he's going to print the yen big time. and maybe affects the markets and the results of their election soon and that could have market impact. ikea is going to ban the sale of swedish meatballs at the store and the president will address the national governors association meeting. again, probably no market impact the at all.

no, we do have a higher open. the market is off and running, the opening trend is up four points and we're expecting a gain of maybe 50, maybe 60 points by the time they all get off and running. and that would put us about, what, 100 points from the all time record high. a couple of individual stocks in the news this morning, first off, blackberry, their chief tells a german newspaper that sales of the new blackberry 10 are better than expected. so, nicole, the stock? >> that's right, when you say better than expected, right away that means good news for the stock, doesn't it? up about 3% and this is a stock that over the last six months, stuart had a nice run. it's up about 90% over the last six months, so blackberry has taken off. >> thanks very much and 3% is not a bad score. now, i've got to tell you that the early exit polls from the the italian election suggests that berlusconi is not winning, nor is that comedian, mr. millo, i'm the not sure how to

pronounce the name of the guy winning. bersani. 's he winning so far, a plus for the market. dot-com's aren't fun anymore, and tells that flexible scheduling and working from home are no longer -- you can't do that. i thought working from home was the great benefit of the internet apparently not at yahoo!. nicole, i'm sure you've got an opinion on this, go. nicole: my opinion is the stock is not too far off the changed line. and as far as -- i'm the wrong person to ask. i've never gotten a little leeway, not the top of the morning, not the end of the day, i never leave early, never come in late. i don't know, i'm the wrong person to ask, never worked from home, not one day, not ever. stuart: think about it because we'll get back-- >> it's a nice way to do, if you're a parent and i get it, i get it. stuart: why would -- i'm going to ask steve forbes the question and not expect it go, but ask him anyway.

stuart: why on earth would the head of yahoo! ban working from home. this is an internet company if i'm monot mistaken. >> i think she's trying to bring the people together and small percentage of the work force, trying to create a company cultured the way they handled it it, and first of all, why do you need an internal memo if there's only handful of people, if therein the company. and the hurt, she's a mom, a woman, and a man, one day story and that's it. and now the reaction is, how could she of all people do something like this. stuart: yes he, yes. >> so the idea of trying to create a culture, good thing the way she's handled it, but not a good thing for the stock, why? she is the kind of person who learns from failure from mistakes and the stock is moving up. stuart: ladies and gentlemen, that's how you answer a question

you were not expected, you answer it in full with meaningful sponls.response. steve forbes you're on a role. >> try to do my best for you, stuart. stuart: and i want more on this, if we take the spending cuts and most people think, yeah, we're going to get the sequestration and the cuts are going to happen, you think that's good for the economy, wait a second, the other side says you're taking money out of the economy which doesn't do much for growth? >> hey, where does the government get the money? it's not from mars, it's not from some manna from heaven, it comes from you, from borrowing, from taxing or pretty money another form of taxation and resources come from you. the this is the first time in years, only a penny on the dollar he when you look the at the real numbers, a little over penny on the dollar shall that's not extracted forcibly from the economy so it's like a little bit of relief. you may have a huge headache, but a little aspirin would help. stuart: it seems to me to be pure politics that the president is insisting on the--

>> the whole washington monument thing when you have a cut, even a small one, make it so people are going to rise up in arms and have a little bit of education cut. make sure you're going to close down classrooms and get rid of administrative bloat. 3.8 trillion dollar budget and can't cut a penny on the dollar. every family has done it. it's time for government to do it. stuart: the president will not allow anything, but straight forward cuts across every single spending bucket, so to speak. >> we'll see what ultimately happens on that. the end of the month we have this continuing resolution disaster if they don't do something the government literally shuts down so they have to pass what they call a continuing resolution. the house republicans are putting in a provision that will give agency heads especially at the pentagon the flexibility to decide how cuts are to be administered. the white house is resisting that. this is the empire, the empire striking back, stuart. big bloated government is going to fight for every penny it can get. even though it's only a penny on the dollar they're going to fight fiercely for it they know

if it's done once it might be done again. stuart: let me summarize this. we would have these cuts in place until the end of march, and then, because we need to organize our government finances. >> because we haven't had a budget. stuart: we haven't had a budget, those cuts would stay in place and still be cutting the budget, but agency heads would be allowed to say we'll cut the conference budget, we won't cut personnel. >> yes. stuart: we'll cut the school janitor, but not the teacher say that after march 27th. >> that's what the republicans are moving toward. stuart: i can't see how the president could resist that. >> he wants to resist because the cuts would take place, for once, the white house is now realizing it's in a defensive position and the republicans hold fast pass that bill in the house and senate is going to be hard put to resist it. stuart: that's interesting, the president you think the tide has turned on-- >> once. stuart: in this instance you think-- >> in terms. political came in washington, public perceptions we'll see the republicans real highs if you

fight on his turf you lose so stick to principle. stuart: fascinating. stuart: i have a lot more questions, but no more time. steve forbes you're good. appreciate you being with us. >> appreciate it. stuart: thank you. nicole i've got a big headline from the gun makers. they say they're expecting record quarterly profits and i believe sales and i think it's because of a growing number of women and older people, pensioners buying guns for the first time. >> right. stuart: and background checks up 50% in december. nicole: year over year. a few years ago we were talking about guns and smith & wesson and ruiger i wasn't talking abot on the exchange. and we talked about the sales continue to fly and you mentioned women and penningers being obviously among the people shopping for guns and they are going to come out with results in the next few weeks, but they anticipate record quarterly sales, winning stocks as well.

stuart: okay, and quickly, zynga. nicole: yeah >> in the news and tell me what's happening. >> on-line gaming in nevada and it may be in new jersey next you're seeing zynga flying and now today we're seeing the double digit up 10% for zynga. stuart: an on-line gaming company as opposed to an on-line phantom pig company. >> or both. stuart: why not. nicole, thank you. coming up for you new at 10, the battle between texas and california. we have a new report, texas is gaining the upper hand. more and more businesses considering leaving the formerly golden state to set up shop in texas. it's all about taxes and regulation. we have the story at the top of the hour and we want to know what you think always. varney@foxbusiness.com. that is how you will reach us. seven early movers this early monday morning, better than expected profits at the home improvement retailer, lowe's and the stock is virtually

unchanged. and microsoft said on friday, it had been hit by cyber attacks sum lahr to those by facebook and apple and the stock is weathering whatever storm that was, just shy of 28 on microsoft which i own. intel hopes the new smart phone chip will find a place in the mobile market. hanging in there at $20 a share. and hertz reported a loss on the acquisition of dollar thrifty, but sees a strong year ahead and the market likes that and it's up 6%, barnes & noble chairman, he told the board he plans to buy the stores and the website, but not the nook digital reader business and barnes & noble, stock is up nicely. barons boost for dick's sporting goods this morning. barons said the stock could go higher if the retailer continues to boost profits ap the market likes that one. not much, up 1%. and hp, hewlett-packard, a tablet powered by the android operating system, not windows from microsoft, oh, no, that stock is now at $19 per share.

the dow industrials did indeed open higher, 36 points at the upside and 14,037. time is money, 60 seconds here is what else we've got for you today. and president obama wants maximum pain, he wants to decide -- he wants it decide what gets cut. why won't he leave it up to department heads? would they know better what to cut to make those cuts less painful? the judge joins us on that. that will be top of the hour coming up. and we'll hear from a man who profits when you get sick. his company makes the product cold-eze. how much are they up? he will have the hard numbers for us, and how much does hollywood, which banks president obama big time, get in tax breaks. we have those numbers. how much the winners of individual movies from last night's oscar awards, how much did they get in federal subsidies? again talking big money, we've got the numbers for you, as for gas prices, they took a breather over the weekend. and the national average for a

gallon of regular, no change, really, 3.77, maybe the spike has come to an end. by the way gas had gone up for 36 straight days. the federal debt clearly exploding. 16 1/2 trillion and counting and automatic spending cuts set to hit friday. after the break, i will pose this question. how can we make a serious dent in the debt if congress can't agree and the president on a 2% cut in spending. i'll ask eric bolling his answer next. here he comes. (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody.

i trade like me. i'm with scottrade. (announcer) scottrade. voted "best investment services company." spending the day with my niece. i don't use super poligrip for hold because my dentures fit well. before those little pieces would get in between my dentures and my gum and it was uncomfortable. even well-fitting dentures let in food particles. super poligrip is zinc free. with just a few dabs, it's clinically proven to seal out more food particles so you're more comfortable and confident while you eat. so it's not about keeping my dentures in it's about keeping the food particles out. [ charlie ] try zinc free super poligrip. ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just to stay alive... but feel alive. the new c-class is no exception.

it's a mercedes-benz through and through. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services.

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. i have exactly the amount of postage i need, the instant i need it. can you print only stamps? no... first class. priority mail. certified. international. and the mail manicks 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. >> you know, it is obvious, isn't it? we've got a huge red ink problem, 16 1/2 trillion worth of debt, but president obama continued to sound the alarm over a measley 85 billion dollars worth of cuts and that's only 2% of our spending.

eric bolling joins us now, it's a question, eric, how could we ever expect to get a handle on our massive debt if we can't cut just 2%. >> ayou and i both know it. we're not cutting anything, not cutting a dime. should be reporting all day the sequestration cuts 85 billion dollars out of a projected 150 billion dollar increase year over year and goes up from there. there's 5% increase, 2% next year, 5% the year after that, 7% the year after that, 6 1/2% after that. talking hundreds of bolls in increases year over year, it's not cutting the spending, it's cutting the increase in spending. you have kids spending money this year, more next year and every year spending more and more and say one year don't increase spending as much as the last three or four years, you can do it, but don't do it to the extent you've done it and then go crazy.

this is exactly what's going on in congress. stuart: this is cutting washington style. it's not a cut at all. it's lower the increased spending down the road. >> it's taking a little bit of top off the expected increase that they were going to go ahead and increase. and here is the problem. we're getting bipartisan people in leadership, in washington saying, no, this is a bad idea. sequestration is a bad idea. i was one of the first out there says we should swan dive off the fiscal cliff into the sea of sequestration, only way you're going to get slowdown, not decrease, a slowdown to the deficit and debt not decreasing, but at least maybe slow it down to a certain extent. washington both sides of the aisle, you can't do that, terrible for us. they're going to create scary scenarios, planes coming down and old people and kids won't be able to eat. the end of the day, a deal together. that's close, don't question us on spending because either side

doesn't like-- >> do you think there will be a deal. >> absolutely. we'll city here until midnight the night that government was going to shut down, five minutes before midnight they got a deal. a deal five minutes after midnight on fiscal cliff. remember that one a couple of months ago? they'll get a deal and don't ever do that to us again, you almost lost your airplanes. >> the president says if these cuts happen on friday, then the planes, there will be flight delays. 350 less teachers in ohio. is that accurate? will that-- >> think about it this way, such a great point. a huge point. do we have planes flying now? yes. do we have two aircraft carriers in the persian gulf right now? yes. we're not spending less money next year, we're spending the same. there were questions of spending the same amount of money, we don't have to pull our aircraft carriers back now, do we. stuart: so the president says we're going to do it because we've got these-- >> all fear mongering from the president straight down, but goes on leadership on both sides fear mongering, don't do this,

why? because they like the spending. like to go back to the districts on both sides of the aisle, look at the defense contracts i got you boeing in missouri or lockheed martin in kansas. they both like it. so, you've got to be careful, you hear one thing, but the bottom line look, we need to cut spending for real. stuart: he always brings his "a" game. and his name is eric bolling. it's 9:48 1/2. >> we're not to 1600, making an effort to get chose, up 15 bucks this morning at 1588 is your quote right now. all right. back to this. it was what-- i can't believe this. one of the most talked about moments from last night's academy awards. look at this, jennifer lawrence, tripping, ooh, talk about that as she walked on stage to accept the award. you've got to see it. >> this is the first academy award and nomination for jennifer lawrence. and nominated in the category--

♪ well, okay, i take that back. it was dramatic. wasn't it. miss lawrence's first oscar win and another first last night. michelle obama, the best picture winner did it from the white house. and that's probably another big talked about moment, elizabeth macdonald, charles payne, they are here to talk about all of these talked about events in just a moment. ♪ ♪ there's no people like show people ♪ ♪ she smile when they are low ♪ ♪ yesterday they told you you could not go far ♪ ♪

[ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds

beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing.

>> and we talked about this at the top of the hour. michelle obama shocking the crowd at the oscars presented the award for the best picture "argo he" apparently producer harvey weinstein arranged the entire thing. what did charles and liz have to say about that. >> my first reaction isn't she around enough entertainment and actors in washington d.c. i thought it was an odd choice for the first lady to be there at a time he when the president as you pointed out saying look, we're under-- we face big problems in this 31 country a lot of people face being laid off and now she's in hollywood. >> hollywood. >> hollywood loves her and the--

they worship the presidential couple, if you like. >> yeah, sure. stuart: and the presidential couple returned the favor by subsidizing hollywood vigorously. it's a match made in heaven. charles: a fantastic symbiotic relationship, i've read an article how odd it was the president is so friendly with jay-z despite the fact that jay-z wrapped and called women every name under the sun and illegal activity, everything possible and for michelle obama to throw all of these accolades at hollywood and the things they do for young people. you know, listen, i'm not a quentin tarantino fan and wouldn't see django, not pay for it, i don't think that hollywood gives a damn about black people, hispanic people, young people. i think they're greedy and bunch of phony hipocrits. stuart: it's monday morning and he comes at it. one last one. do see that the gift bags. charles: swag. stuart: swag, they get them. $47,000 worth of stuff and irs

says that's taxable. so, they're going to pay the federal tax, 39 point whatever and california tax 14.3% and lose half the value whether they take the gift bags or not. >> hollywood has to do their fair share and paying taxes. stuart: absolutely, liz. and texas governor rick perry has done a full court press trying to get california businesses to move to his state after jerry brown raised taxes and regulations. next, how many businesses are thinking about fleeing? we've got an answer and it's a big number. and the new google glass, cool, sure. is it dangerous? will we be distracted? will it lead to lawsuits? the top trial lawyer in america joins us in a moment. friday night, buddy.

you are gonna need a wingman.

and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. stuart: texas is killing california. it's all about taxes and regulation. they are laughing already. here's the story, california raises taxes and imposes a draconian environmental rules. texas governor perry heads west, come to my state he says we don't have an income tax. and we just love business. now, california is responding, clearly. businesses are very interested in getting out of the formerly golden state. the austin chamber of commerce to name just one reports a surge in relocation inquiries just in the last three months, since the californians raised their taxes. and then we have gavin newsom, democrat lieutenant governor he says yes we really need a balanced approach to business in

california. expand out to the national stage for a moment. tax and regulate is baseline obama policy. it has not produced growth or prosperity. that makes states like texas and florida even more attractive. and that's why louisiana, kansas, oklahoma, north carolina, are likely to join the low tax no tax bandwagon and very soon. stuart: good monday morning everyone. here is our company list as we start the week. liz macdonald here. charles payne here. nicole petallides over there at the new york stock exchange, where we see the big board showing a 70 point gain as we speak. that takes us up to 14,072. within 100 points of the all time record high. joining us now to talk about that tax migration, from california to texas, is travis

brown. president of let voters decide. all right, travis, spell it out for me. give me some numbers here. how many businesses are we talking about? >> well, we're talking about a lot of taxpayers. over the last 15 years, over 2 trillion dollars has been moving generally from high tax regimes to low tax regimes. california to put a point on it, lost over 32 billion dollars while texas as you mentioned had gained 22 billion dollars. this is happening all across the country. stuart: now i have got this report from the austin chamber of commerce, and that's just one of them. and they say that -- i mean it's just a question of relocation inquiries, that's what it is. but they say the number of inquiries has more than doubled since november of last year, when they put in place these higher taxes in california. you got anymore on that? >> well, it's not a surprise -- it's not a surprise because it's been consistently happening over the last decade, there are other trends as well, businesses like

state farm considering relocations to dallas. it is not a surprise when over 146 billion dollars has found its way to the nine no income tax states that others are going to follow that and that corporate relocation and small business filings will be key indicators to watch. stuart: can you document this? because the new york times said there is no hard evidence that rich people, talking about income taxes now, relocate because of high tax rates. >> well, exactly. we're using irs taxpayer data files and u.s. census bureau. we're tracking activity from 95 all the way to 2010 and it shows literally billions of dollars moving from these high tax regimes to low tax regimes. just last week other reports from california entrepreneurs and tech companies worried about retroactive taxes in california. this is going to have an impact as well. so it is foolish to think that tax factors are not impacting local decisions on where to locate your business. stuart: okay, louisiana,

oklahoma, kansas, north carolina, they are about to enact either no income tax policies or very very low income tax policies. are they doing it specifically because of the numbers that you're talking about? >> well, they understand that when you look at the states like texas, florida, tennessee, wyoming, new hampshire, the states that tax less on production, that their employment figures are better, their economic growth rates are higher, and they are seeing a surge even in how they balance their budgets with state government revenues. so for those reasons, i think you are going to see many other states and their governors actively engaging on how to lower marginal tax rates. our federal tax rates are fixed but our state tax rates can be changed. stuart: by the way texas has a huge surplus this past year as i understand it, 9 billion or more i think it is. travis brown, thank you very much indeed. see you again soon. >> thank you. stuart: to nicole and the

markets, hertz, the rental car people, this is a 52 week high? nicole: it is. it goes back to 2007. it is a 52 week high. it's a multiyear high that dates back to 07. you remember they took over dollar thrifty. so the latest quarter wasn't that great. however, they did say that the outlook for 2013 looks very favorable because of pricing, and as a result, you have seen the stock up over 7%, and as we noted, that stock at a new high. shareholders are cheering. stuart: 20 bucks, 7%, that's a gain and a half. thank you very much nicole. everyone knows now we're four days away from the spending cuts. they hit friday. they're going to go through if congress doesn't make a deal. the president is calling these cuts dire. rich edson joins us from washington. rich, i want you to handicap this for us. a lot of people i talk to say we're going to get these cuts. it is going to happen. are we? rich: we will get the start of them. that seems almost certain now, stuart. we could get some type of breakthrough in the next four

days here. but congressional aides say the two sides aren't talking about the sequester deadline which is friday, the automatic cuts that are occurring on friday. this is very unlikely that they don't begin to hit this friday. stuart: okay. so we don't get that pain that the president is talking about, do we, on friday morning we get air traffic delays, friday afternoon 4,000 kids in georgia do not get their vaccinations, that's not going to happen, is it? >> rich: there are some things that could happen immediately. a number of labor contracts say the government workers have to get anywhere from 30, 60, 90 days' notice. so it will be a much slower rollout these cuts. only some of the cuts actually happen this year. the full cuts from this year take five years. i think it's pretty much only the federal government that can do that. stuart: 40 billion dollars is not a great deal of cutting in a 3.7 trillion dollars budget, i don't think. all right. rich edson we hear you loud and clear.

thank you very much indeed. rich: thanks. stuart: the deal that congress is supposed to be working on now, would put these cuts in place all the way through until september. then department heads, they would have the authority to decide what gets cut. okay. we're talking about something complicated here. transfer authority. i hate using that expression, but that's what we're talking about. okay? this is the ability of agency heads to cut here but not there. at the moment those agency heads do not have that leeway. the president says everybody gets cut by the same amount, regardless of which bucket of spending we're talking about. let's bring in andrew napolitano, otherwise known as the judge. okay. i hate to do complex stories, but this one is really, really important. have i explained it okay? >> yes, you have explained it well, stuart. i mean,n our system, the prent of the united states of america can decide how and by whom money is to be spent. so if the president says if you cut the department of

agriculture, you are not going to have meat inspections, therefore, you are not going to have as many meat inspectors. therefore you will have to wait two weeks on-line to buy steak. stuart: right. >> that's because he and he personally has decided that that's where the department of agriculture's cuts should go. stuart: and he has that authority. >> yes, he does. so should he really cut meat inspectors whose work is vital to our existence and who work every day? or should he cut some other program in the department of agriculture that the public will not perceive -- perceive the pain from the cut? he has chosen too harm the very people who have e elected him, cutting those aspects of government on which for better, for worse, for me, for worse, for the big government people, the better, we have come to rely. quite frankly we cannot travel today without -- without the tsa because you have to have enough tsa agents to get through security to get on the planes. if he tells homeland security, don't cut some back office thing that nobody knows about, cut the

tsa agents, that's where they will cut. stuart: the danger is that the president's move will be seen for where it is, and that is, political, pure politics. inflict maximum pain on vital services now to put more pressure on the republicans. >> yes, and the cuts are so small. it's a cut in the increased rate of spending. instead of spending going up like that, it will go up like that. it is cut of less than 2 cents in the dollar in the increase of spending over the baseline of 2012, if you follow me. stuart: i follow you. >> i'm going to tell you something that you like very much. the british system is superior. because if parliament should say to the chancellor you will spend these dollars this way, he must do so. but congress cannot tell the president you must spend these dollars this way. he has that discretion, which he shouldn't have, but which he does. would he do this if he had to seek reelection, inflict maximum pain? of course not, the public would

revolt against him. there's nothing the public can do right now. they are not going to impeach the president. stuart: do you sense that the tide of the public opinion is shifting? up until now the president had maximum support for basically taxing the rich and don't cut spending, has he still got that support? >> no, one of the reasons i think is shifting is because of conversations we are having now whereby the public understands that if pain comes on monday, next week, it will be because the president chose to cut in the most vital and painful areas of government. the aspects on government on which we have all come to rely every day. rather than cutting those areas of parts of the government that we don't need every day, the cutting of which we won't even realize. stuart: i have seen a series of interviews over the weekend with leading democrats, many of them were asked the question, why can't agency heads decide where to cut? >> because the president wants

the cuts to be politically painful. or for his sake, politically beneficial. stuart: but no democrat would answer the question. none of them would -- >> right. stuart: the question was always phrased, why won't the president allow agency heads to decide where the cuts from? no democrat would answer that question. they would launch into talking points. >> because some of them might make business judgments rather than political judgments and he doesn't want them to do that. stuart: anyone want to comment on this? liz: this is right at a time where consumers are faced with a triple whammy of payroll tax increases gas prices going up. the thing is what we see going on in congress showing up in the polls. the polls two thirds of which one said that the americans do see what's going on in washington, d.c. they don't like it. they do want congress to do its day job. they do want the cuts to come in. stuart: yeah, but that's not the point here, is it? i mean, they want congress to do its job. what do they want? some kind of agreement with the president? okay, raise taxes, please, and we don't cut spending.

is that what they want? liz: no the polls are indicating they don't like the out of control spending and that the tax rates have gone up enough. they were 60% of respondents said just that. so they have to spend less time complaining about the impact and more about doing and fixing the budget. stuart: last word? charles: the bottom line i think is the president has spent so much of his time in office working on the blame game. and i do believe ultimately that will catch up to him. whether it happens immediately, somewhere down the line, his legacy is going to be mired really badly because he spent so much time trying to fix the blame game. stuart: but the president has the authority to say here's the pain, and it will be suffered. >> yes, he does. stuart: his authority, he has it? >> yes, he does. stuart: judge, thank you very much indeed. >> you are welcome. stuart: listen to this. one venture capitalist is ready to invest in your business, but there is a catch. you have to move to detroit. he says there's no better time to start your business in the motor city. really?

he makes his case at 10:45 this morning. all right, check the markets again. the dow is up 72 points. nice gain this morning. we're 100 points away from the all-time high. 90, actually. that's all it is. nicole, what's leading the rally? nicole: so far so good. well certainly what we've been -- from japan, that was something. also the dollar is lower today. you are seeing commodities, seeing obviously banks and drugs doing very well. getting closer and closer to the all-time high. the record closing high. it would be fun to take that out i think for all the bulls out there and everybody who lost a lot of money during the financial crisis. stuart: give me zynga again. it's up 13%. it's becoming an on-line gaming company? nicole: right, on-line gambling is hot, hot, hot. we are seeing that evidence right here with zynga. 14% when you talk about that getting legalized over in nevada and now other states may follow. that would benefit a company like zynga doing so well today.

stuart: thank you nicole. google glass, those are the glasses spectacles for better word, they have heads up display they show you everything from driving directions to your facebook status, as you are walking along with these glasses. it comes up right in front of you. however, could these glasses be a distraction? leading to injury? like talking on the phone while you are driving; right? are the lawyers getting ready to pounce? let's bring in our all star trial lawyer mark lanier -- no he's not ready yet. he will be with us. but first, here's what you missed if you didn't join us at 9:20. >> michelle obama to throw all these accolades at hollywood and the things they do for young people, you know, i'm not a quinton tarantino fan. i don't think hollywood cares about young people, black people, hispanic people, i think they are just as greedy as anybody on wall street and i think they are all a bunch of phony hypocrites.

[ woman ] if you have the audacity to believe your financial advisor should focus on your long-term goals, not their short-term agenda. [ woman ] if you have the nerve to believe that cookie cutters should be for cookies, not your investment strategy. if you believe in the sheer brilliance of a simple explanation. [ male announcer ] join the nearly 7 million investors who think like you do: face time and think time make a difference. join us. [ male announcer ] at edward jones, it's how we make sense of investing.

stuart: hewlett-packard has unveil its new ta, that uses google's android system. it will cost 169 bucks. goes on sale in april. not much change for hp stock, still below 20. in a bit to boost sales, nokia announced it will sell windows smart phones. this comes as its competitors are releasing higher end devices. nokia's will be more affordable but will not function with the latest mobile data networks.

don't know what that means. but nokia is unchanged. barnes and noble chairman and biggest shareholder says he's interested in buying out the bookstore chain. his plan is to buy the stores and the website but not the nook e reading. -- e reader. barnes & noble stock is up. could those google glasses lead to lawsuits? we are all intrigued by these things. they wrap around. you can see stuff in front of your very eyes. is that distracting? could you hurt somebody? could google get sued?

with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity option.. evaluate them with our p&l calculator... and executfaster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account.

stuart: a lot of buzz around those google high-tech glasses. they have that heads up display, always connected to the internet. it's kind of a gee whiz story. however could these glasses be a boon for lawyers? what if you or someone else gets hurt because of you or somebody else was distracted by the technology and you or somebody else gets hurt. guess who is with us? mark lanier, the man you hate to love. he's here. are you getting ready for lawsuits? [laughter] >> i don't look at it that way. i don't think when a new mcdonald's goes in, heart surgeons automatically start salivating over perspective people having more heart disease. we hope there are not accidents. i tell you this, there will be. and yes there will be lawsuits. stuart: on what grounds? on the grounds that people were distracted? and therefore you will sue google for providing an item which distracts people and therefore injures people? is that it?

>> yes and no. yes that people were distracted, but i don't think the lawsuits will be against google. i think it will be against the people who misuse the product, if you will. it is like a cell phone. if someone gets in a wreck because they are talking on their cell phone, you don't sue the manufacturer of the cell phone. you sue the person who didn't have enough brightness not to talk on their cell phone. stuart: get out of here, lanier. you know perfectly well that google has the deepest pockets of all. if you as a lawyer want to go for the pot of gold, you're going to go for google. the ordinary joe on the street who bumped into a lamp post because he's wearing the google glasses, he's got nothing, he's got no insurance, you can't go after him. pointless. >> well, you've still got the constraints of the law. as the law says that google is allowed to sell a product without having people sue them over it, as long as google gives adequate warning. google does have an obligation to say hey be careful when you are doing this.

it could be a distraction. don't do this while you are walking or driving, things like that. but assuming that the bright folks at google put together the correct warnings, then hey, if people mess up, it's people's fault. and if there's money you can get from those people, great. if not, that's kind of like getting hit by somebody who doesn't have insurance. you know, sometimes you are out of luck. stuart: are you by any chance -- last question, are you by any chance using this program yet again to tout for business from ever willing to sue public? >> no. heaven's no. i'm using this program just because i enjoy you. [laughter] stuart: oh, yeah, you will be back. all right, mark lanier, not bad. a fine performance if i may say so. i'm waiting for you to buy the first pair of google glasses just to see if the warning labels are okay. i'm relying on you, lanier. >> stuart, i think i get to be on your show next week with you, and if i can find them, i will wear them to your show. stuart: excellent. then you can sue me if you bump into a camera. >> or you can sue me.

stuart: i might. mark lanier, everyone. he's really a good man. thank you very much, mark. talking about a monday morning reality check. after a very relaxing weekend. a double-whammy from the president and the first lady. that will be the subject of my take and it is next. ♪

have given way to sleeping. tossing and turning where sleepless nights yield to restful sleep. and lunesta®(eszopiclone) can help you get there. like it has for so many people before. when taking lunesta, don't drive or operate machinery until you feel fully awake.

walking, eating, driving, or engaging in other activititis while asleep, without ret mbering it the next day, have been report. lunesta should not be taken together with alcohol. abnormal behaviors may include aggressiveness, agitation, hallucinations, or confusion. in depressed patients, worsening of depression, including risk of suicide, may occur. alcohol may increase these risks. allergic reactions such as tongue or throat swelling occur rarely and may be fatal. side effects may include unpleasant taste, headache, dizziness, and morning drowsiness. ask your doctor if lunesta is right for you. then find out how to get lunesta for as low as fifteen dollars at lunesta.com. there's a land of restful sleep. we can help you go there on the wings of lunesta. we replaced people with a machine.r, what? customers didn't like it. so why do banks do it? hello?

hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally.

stuart: on the market, i'm not sure there's been any impact from the italian election where berlusconi doesn't look like he will win. that's probably a plus for our market which is up 52 points -- 52 points. nicole i want to move on to netflix. i know it's up again. i think this has something to do with the house of cards series; is that right? nicole: the house of cards series. when something is hot, it is hot. what we're finding now in the latest survey that was conducted of netflix survivors, turns out 86% of them, stuart, said they

are less likely now to cancel because they are loving this series, house of cards. stuart: yes. nicole: and the stock is up today and up almost 100% this year alone. stuart: that's an extraordinary performance. thank you very much. on the subject of making money, charles is with us. he has a company, a research corporation, he likes it. he will explain it. charles: it's sort of in honor of mark lanier, i'm just joking. it's the mother of all patents. they go to investors or people with patent portfolios and help them license these patents to large corporations. the company is a monster. over the last five years its top line growth has averaged 100% growth plus every single year. they just reported last week. their fourth quarter. they beat the street. they had 86 cents. the street was looking for 24 cents. and it's a stock still trading with a single digit p-e. stuart: are they vultures who go around looking for patents which

may or may not be really secure -- charles: i searched the internet. you read some good and some bad stories -- not necessarily bad stories but some people say -- or the industry will say they hold back innovation. individual anyoinnovators say t large corporations stole my idea, i'm not getting paid for it. whatever it is. the company is an absolute juggernaut. my target for is it a 36. the street raised full year estimates. because it's in this business, the stock never really achieves where it should be. although it was -- it once was a $45 stock. liz: any patent? charles: mostly telecommunication. i have two pages here of this kind of stuff, patent industries, different areas that they control patents. they have 250 different patent portfolios. stuart: you want our viewers to invest in a pack of lawyers. charles: you know what? i just look for the value in the names. i try not to be too judgmental.

[laughter] stuart: all right. charles. we will remember this. it is monday february 25th and he likes a pack of lawyers. we've got that. [laughter] stuart: all the doctors warned us that this would be the worst flu season in decades, but for one ceo, a bad flu season means one thing, dollar signs. coming up, 10:35 this morning, minutes from now, the ceo of the company that makes cold-eeze. how much more did he cash in on your misery? it's coming up in a few minutes. i truly relaxed this weekend. got away from it all. no cell phone, internet, or even cable tv. friday lunchtime to sunday night, absolutely and real relaxation. but here's my take on back to reality. oh, it was a jolt. there's only so long that you can stay out of the loop, and at 6:00 p.m. last night, i was thrown back into ugly reality we now call it politics and money. truly ugly.

i checked the news. president obama had issued a list state by state of the pain that would be inflicted if we cut spending. teachers, cut. children's vaccine programs, suspended. i watched ray lahood who runs transportation promise flight delays. the message? this is going to hurt and it's not the president's fault. then i read bob woodward's reporting. it is the president's fault. it is documented. and these spending cuts are his idea. then i watched chris wallace on fox questioning senator clair mccaskill, a democrat, why won't the president allow agency heads to allocate cuts so we will lessen the pain to vital services? no answer, none, just talking points. to top off my return to reality, i watched the first lady deliver the best picture award at the oscars. so on the very day that her husband is insisting on hurting us all, michelle obama basks in glory before the industry that we subsidize. i think things are beginning to

change, however. i think the president's campaign style finger pointing is going to fail. even some members of the establishment media are beginning to understand that tax, spend, and ignore the debt will not return america to prosperity. that may be the silver lining to my grim return to reality. she keeps you guessing.

it's part of what you love about her. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's righ you can be more confident in your ability to be ady. and e same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed baache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection lasting morehan four hours. if you have any sudden decrease or loss in hearing or vision, or if you have any allergic reactions such as rash, hives, swelling of the lips, tongue or throat, or difficulty breathing or swallowing, stop taking cialis and get medical help right away. ask your doctor about cialis for daily use and a 30-tablet free trial.

>> announcer: you never know when, but thieves n steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and they can open bogus accounts, stealing your credit, your money and ruining your reputation. that's why you need lifelock to relentlessly protect what matters most... [beeping...] helping stop crooks before your identity is attacked. and now you can have the most comprehensive identity theft protection available today... lifelock ultimate. so for protection you just can't get anywhere else, get lifelock ultimate. >> i didn't know how serious identity theft was until i lost my credit and eventually i lost my home. >> announcer: credit monitoring is not enough, because it tells you after the fact, sometimes as much as 30 days later. with lifelock, as soon as our network spots a threat to your identity, you'll get a proactive risk alert, protecting you

before you become a victim. >> identity theft was a huge, huge problem for me and it's gone away because of lifelock. >> announcer: while no one can stop all identity theft, if criminals do steal your information, lifelock will help fix it, with our $1 million service guarantee. don't wait until you become the next victim. you have so much to protect and nothing to lose when you call lifelock now to get two full months of identity theft protection risk free. that's right, 60 days risk-free. use promo code: gethelp. if you're not completely satisfied, notify lifelock and you won't pay a cent. order now and also get this shredder to keep your documents out of the wrong hands-- a $29 dollar value, free. get protected now. call the number on your screen or go to lifelock.com to try lifelock protection risk free for a full 60 days. use promo code: gethelp. plus get this document shredder free-- but only if you act right now. call the number on your screen now!

stuart: you want more proof that pets are a recession proof big business? listen to this. despite a sluggish economy, people here in america spent more than 53 billion dollars on their pets last year. that's a billion a week. it's up 5% from the year before. and guess what? another 4% gain expected this year. we love our pets. liz, what does this tell you about america spending a billion a week on pets? liz: it is a great return on investment. i have two dogs. what other creature is going to meet you at the front door every night with such unconditional love? that's what americans are seeing with their dogs and cats. stuart: but wait a minute. we are in a sluggish economy. we are prepared to reduce our spending in some areas, but we will increase our spending on pets. liz: because there's a great return on investment. pets give it back to you. stuart: the return is the wagging tail? liz: it makes you happy. plus they lower your heart pressure. charles: we have three dogs and we spend a fortune on them.

one of our dogs has diabetes. he was supposed to die three months ago. he's hanging tough. stuart: how much are you prepared to pay for insulin on the dog? charles: i don't know, they just keep hitting me up. i don't like to check. my wife says i need a couple hundred. it feels like she tells me that every day. stuart: you are not prepared to reveal what vast expense -- charles: i don't know the exact amount. it's thousands a year. liz: i spent 8,000 on my dog sharon when she died. she went into kidney failure. i felt very horrible about it. i dropped $8,000 on her. stuart: on the funeral? liz: no, trying to get her back to health. stuart: oh you did? liz: yeah. stuart: i'm utterly speechless but i'm glad you told us that. i think there's a segment tomorrow on this one. it's not a numbers question. did you get a cold or the flu this winter? how much did you spend on it? look at this. joining the company is the ceo

of the company that makes cold-eeze. welcome to the program. >> thank you. stuart: you heard hard numbers from liz about the death of the dog and $8,000 spent. i want hard numbers from cold eeze. the flu season, how much more money did you take in because it was a rough season? >> i have to frame this -- i know you want to get into numbers today. i will get into in numbers. let's put this in perspective. month of january all cough cold and flu products directly correlate to the incidence of respiratory illness. the category as a whole was up about 33%. stuart: hold on a second. so the category, that is is colds and flu in january -- there was a 27% rise in the incidence of cold and flu in january. >> correct. stuart: and the category cold and flu remedies over-the-counter, the sales went up 37%. >> 33%. stuart: 33%. >> correct. stuart: how much were your sales up? >> the other variables are you advertising and are you

introducing new products? for the last two years we have been advertising more and introducing more products. so cold eeze cold remedy sales have been increasing faster than the category, faster than the incident of upper respiratory illness. stuart: you are a publicly traded company and you cannot tell me precisely how much percentage of coldeeze went up in january. but you can tell me you went up more than the industry average 33%. >> correct. the category was down in 2011. we were up 20%. in 2012, the category was down. the first nine months of the year, we were up 27%. that's what we've reported. in the fourth quarter of 12, the numbers are up even more. you can expect our numbers are up more. stuart: you cashed in our misery? >> i love that you said cashed in. as i said a couple weeks ago, we help people get back to work sooner. we're clinically proven to shorten the duration of the cold 42%. you're sick less days. and performers, entertainers they take coldeeze all the time.

if you don't, you should. stuart: i don't get colds, coughs, the flu. >> you are not our target consumer. gretchen who was here last week said she loves cold eeze. tracy byrnes said she loves cold eeze. keeps them on the show. charles: are you buying stock? >> i have been accumulating my stock for close to two years. i took over -- it's a proxy contest, i took over control of the company three and a half years ago. charles: you have been aggressively buying this stock? >> i have been aggressively buying this. my goal is to grow the value of the brand. the only way you can do is by investing in the brand. we are losing money but losing it because we are investing it wisely. over time we have an infrastructure in place. stuart: that's interesting. you are actually putting the profit back into a big advertising campaign. >> correct. stuart: to extend the brand. >> absolutely because we really believe in our product. we have learned that brand awareness does not provide

sales, education does. we're educating consumers. once we get them to try our product, they love it. they become loyal consumers. we want more people to try cold eeze, if they do, they will be lifetime loyal consumers. stuart: there's no cure for the common cold. you lessen the effects of it. >> i hate i can't say cure because the truth of the matter is you are going to be sick less days. we can't say cure according to the fda. what we can say is you will be sick less days if you take cold eeze. stuart: what have you got in cold eeze that your competitors do not? >> i'm so happy that you asked that question. there are a lot of products out there that have zinc. but most are dietary supplements where it goes into your stomach, gets digested and may provide some immune support. our product zinc, goes in your

mouth. as far as i'm concerned, we don't have competition. this is a product you put in your mouth. you don't put it in your nose. we had a lozenge, i want got a letter from a consumer, she spray -- she sprayed the product up her nose. you put it in your mouth. i don't want hardship on anyone. the last two years the incidence of upper respiratory illness was down, our sales still grew. charles: it's hard to argue with that. >> stuart, i thought you were going to beat me up today, and i'm happy. stuart: no. the ceo of the company that has the product cold eeze. thank you very much.

>> thank you very much. stuart: forbes says detroit is the most miserable city in the country, it is flat broke. but don't tell that to one venture capitalist. he's offering big money for companies to move to the motor city. he's next. [ engine revving ]

♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just to stay alive... but feel alive. the new c-class is no exception. it's a mercedes-benz through and through. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. stuart: no change in the price of gas overnight. it stayed at 3.77. maybe this is the end of the spike that saw gas rose for 36 straight days. we are at 3.77 now. check the price of oil this morning. it is unchanged.

flat out 93 bucks a barrel. general motors dropped verizon wireless, picked up at&t to be its provider for onstar services starting with the 2015 models. it will be provided by at&t. gm is hoping this will boost car sales. 4g in all new cars from gm. not bad. check the big board. we have conflicting reports on the outcome of the italian election. reuters and bloomberg suggests that -- >> the venture capitalist that wants you to go to detroit next. futures move first. learn futures from experienced pros with dedicated chats and daily live webinars.

and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. when the doctor told me that i could smoke for the first week... i'm like...yeah, ok... little did i know that one week later i wasn't smoking. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and call your doctor right away. tell your doctor about any history of depression or other mental health problems, which could get worse while taking chantix. don't take chantix if you've had a serus allergic or skin reaction to it. if you develop these stop taking chantix and see your doctor right away as some can be life-threatening. if you have a history of heart or blood vessel problems, tell your doctor if you have new or worse symptoms. get medical help right away if you have symptoms of a heart attack. use caution when driving or operating machinery. common side effects include nausea,

trouble sleeping and unusual dreams. it helps to have people around you... they say, you're much bigger than this. and you are. [ male announcer ] ask your doctor if chantix is right for you. stuart: i've got an update for you. the captain of the 1980 u.s. hockey team that beat the soviets 33 years ago in the winter olympics. it sold for $657,000 saturday night. it was expected to top a million. did not get there. let's bring in charles on how to make some real money. now the latest stock that he likes is las vegas sands. why? charles: we have talked about this before because it's a big macau play. you have been there. i have got to tell you it's also up a little bit on that nevada gaming thing too. they get 8% of cash flow from nevada. most of the money is coming from macau. what a lot of people don't talk about is singapore. they have a gigantic casino there. stuart: i have been there as

well. charles: singapore wants to keep their image up, but there's a gigantic gambling mecca. some great thing going on for these guys. this year they are going to complete a bridge, expand a bridge from china to macau. making a bridge from hong kong to macau. and working on high speed rail. they are going to bring all these chinese into las vegas sands. here's the problem, they have missed the street the last three quarters. that's why the stock has been volatile. if anyone can hang in with the volatility i think the stock could back at the very least and retest the 62. stuart: if a singapore national wants to gamble in the singapore, they have to pay 100 singapore dollars up front to get in. did you know that? charles: i didn't know that. stuart: if some of them start to lose a lot of money, the singapore government calls them up and says you know, maybe you want to quit gambling? now detroit, flat broke. we know it. and forbes actually named it the

most miserable city in america. our next guest is a venture capitalist who will invest in your business if you move to detroit. here he is, ceo and managing partner of detroit venture partners. all right, josh, i want some numbers out of you, please. tell me how many businesses do you invest in that have indeed moved to detroit? >> well, so we really believe that detroit is a really hotbed for ground breaking businesses to grow. we've made 17 investments so far. tleel or four of them -- three or four of them have moved from out of state to detroit. we think there will be more. stuart: you have invested in 17 companies. some of them say they will move to detroit. is that right? >> that's correct. stuart: how many people from these companies are actually employed in detroit? >> i don't have a total number. i will give you a quick example -- there were two folks

that went to harvard -- stuart: i understand. i need a ballpark, how many people have you gotten to work in detroit, roughly? >> roughly 150 and growing. but these are tech start ups that are growing a t a rapid pace -- at a rapid pace. any one of them has the opportunity to explode to create thousands of jobs which helps transform a region and diversify our economy. stuart: you tell me that there's 150 people who are now working in detroit getting is a paycheck in detroit, paying taxes to the city of detroit, that weren't there before you and your operation moved in with this money, is that accurate? >> that's accurate. it's far more than that when you take a look at the overall world of our family of companies. we have literally dozens of companies that are connected, including quicken loans down here in detroit. if you look at those numbers, it reaches far up into the thousands. detroit despite the media and what people are saying is becoming this vibrant source of vitality and we're once again reclaiming the opportunities to become a place of innovation and

creativity. charles: i know you guys are trying to create an oasis here. but here's the thing, 47% of adults there can't even read or write. is essentially what you are doing is bringing in outsiders who will live in this little bit of oasis in the middle of all this mire, despair and destruction, and that will now change >> i think there's a lot of ways to look at that. there's no question our city has suffered over the last several decades. rather than throwing up our arms and writes off the city -- writing off the city, we see an opportunity. we have research universities. there's a chance to turn around the city. i believe we're writing a turn around in this city. stuart: you're not employing local detroit people, you are bringing in people into this little oasis that you created in detroit. nothing wrong with it at all. >> i don't know if i would characterize it that way. detroit and michigan is a vibrant community. we're taking people, college

graduates from ann arbor and michigan state and other places. there's a spillover effect. local restaurants are full these days that used to be vacant. people are filling up previously abandoned buildings. the economic activity that's coming as a result of tech start ups is not only going to those from outside it is absolutely making a difference not only on a tax basis but on the citizens in the city of detroit. stuart: we're very pleased to have you on the show. i think you are doing a fine thing. we're very interested in it. thank you very much for joining us. >> thank you. charles: it's a fine thing. listen, by the way, pittsburgh did the same thing already. it wouldn't be the first time it was done. but you need some real serious -- everyone's got to be in there. stuart: when you are down so low, you have to start somewhere. charles: absolutely. stuart: now the liberal hollywood elite backs president obama's push for higher taxes. tax the rich they say. pay your fair share. but how's this for hypocrisy? every year hollywood gets billions in tax breaks for producing movies.

that's next. but first, here's actor and director ben affleck, from last night's after winning best picture. >> i thank everyone who worked on the movie, who did anything with this movie. i want to thank canada. i want to thank our friends in iran living in terrible circumstances right now. i want to thank my wife who i don't normally associate with iran, but -- [laughter] [ woman ] if you have the audacity to believe your financial advisor should focus on your long-term goals, not their short-term agenda. [ woman ] if you have the nerve to believe that cookie cutters should be for cookies, not your investment strategy. if you believe in the sheer brilliance of a simple explanation. [ male announcer ] join the nearly 7 million investors who think like you do: face time and think time make a difference.

join us. [ male announcer ] at edward jones, it's how we make sense of investing. you are gonna need a wingman. and with my cash back, you are money. forget him. my airline miles will take your game worldwide. what i'm really looking for is -- i got two words for you -- re-wards. ♪ there's got to be better cards than this. [ male announcer ] there's a better way with creditcards.com. compare hundreds of cards from all the major banks to find the one that's right for you. it's simple. search, compare, and apply at creditcards.com. first round's on me.

stuart: look at this, please. the market is down now 13 points. was up 60 or 70. why is this happening? most news reports suggest that the centrist in the italian election is leading. at least in the exit polls. but there is one report from sky news which suggests that berlusconi is winning. and that's the reason why the dow is now down 12 points, having been up 70 early. that's because italy is the biggest debt market in europe. and if berlusconi did win this thing, then that debt market would be really upset and you could say good-bye to austerity in europe. that would be a huge deal. lots of winners at the oscars last night but most of the films got a big tax break. liz has django unchained, argo

and lincoln. you have the number. liz: argo 6.2 million from the state of california. lincoln 3 1/2 million from the state of virginia. overall 1 1/2 billion dollars in tax breaks across the country. the issue is taxpayers are already paying -- stuart: that's the state level. liz: yeah at the federal level 430 million dollars in fiscal cliff deal breaks. for hollywood at a time when hollywood is saying you know what? you taxpayers you have to pay your fair share. taxpayers are paying a lot of money at the box-office in ticket prices and then when they roll the credits at the end of these movies, they should be thanking the tax payers at the end of the movies and thanks them in their oscar speech as well. stuart: that's why michelle obama appeared to present best film award last night i think. running out of time but we do have time for the highlight reel and it is next. but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track

and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. all your imptant legal matters in just minutes.