tv Varney Company FOX Business March 7, 2013 9:20am-11:00am EST
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rodeo in crockett, texas. i'll debut it in joe beaver's roping later in the month. going to rock out there. warner, we don't have time for sports. warner: and finally, i-man, attention participating sports fans, this is unbelievable, effective in april the transportation security administration will allow airline passengers to carry on lacrosse sticks, hockey sticks, pool sticks, ski poles, golf clubs and small bats. >> oh, no. warner: two per person. imus: let's he do it. warner: what in the world are they thinking? >> sub machine guns-- >> man. imus: the mensa meeting is next. this song contains one of the great lines in rock and roll, you mess with me, baby, you're going to wind up eat your lunch all by yourself.
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legalese. ♪ well, i heard some people talking just the other day ♪ ♪ and they said you were gonna put me on a shelf ♪ ♪ let me tell you, got some news for ♪ ♪ and you'll soon find out it's true ♪ ♪ then you'll have to eat your lunch all by yourself ♪ ♪ 'cause i'm already gone ♪ ♪ and i'm feeling strong ♪ ♪ i will sing this victory song ♪ ♪ ooh, ooh, ooh ♪ ♪ my, my ♪ ♪ ooh, ooh, ooh ♪ ♪ imus in the morning ♪
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>> rand paul stops talking. the president starts talking. ben keeps printing. smile, everybody, stocks are holding on to record levels. good morning, everyone. well, he made it through almost 13 hours. rand paul made his point, his filibuster brought attention to the drone issue. can the president kill an american citizen on american soil? now, just before he stopped talking, the president hosted a budget talking dinner, with a dozen republicans. today he starts with paul ryan. are you buying this? are you buying the outreach, a real deal on spending? are you buying that? well, you can believe this, stocks this morning are holding on to their record levels. the dow looks set to go up a little bit more. "varney & company" is about to begin. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪
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the dow. record territory once again, at least at the opening bell. ben prints, the markets rally, profits good, the market rally, but here is a stock that is not, apple down 20%. both firms cut sales projections for the iphone 5, the ipad by 1 million units, that's just for the current quarter and even with a new iphone expected in the fall, investors say apple needs to come out with a new blockbuster product to compete with samsung and google. the paradox, a bill overall rally, the biggest name in tech is apple, maybe it really is losing its cool. >> another big story calling for defeat in the ongoing tax revolt. nebraska's governor has pulled his plug on the plan to abolish the personal and corporate income taxes and why did he do that? his plan would have ended some industry specific sales tax exemptions, the special interest did not like that.
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the governor's proposal is now dead, retreat. okay, now, retreat in nebraska, but in kansas, tax revolt is alive and well, governor sam brownback continues his push to end the income tax there, it's not a sealed deal. the governor will face opposition and he will join us, "varney & company" at 10:17 this morning, all right, everybody, thursday morning, stay there, please, you'll want to see the dow move up again at the opening bell and it looks like it will. don't forget, we're just one day away from the most politicized number of them all, the unemployment rate, we'll get a prediction on it coming right up. ♪
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largest petrochemical operation. ♪ when emerson takes up the challenge, "it's never been done before" simply bemes consider it solved. emerson. ♪ >> all right. a minute from the opening bell. we're going to deal with today's market action in a second, but i want to leap forward to tomorrow morning because that's when we get the big jobs report. and let's bring in larry levin. all right, larry, i'm just going to speculate for a second. let's suppose that we have the creation of more than 200,000 new jobs. there is a prediction, 200,000 more jobs this morning. does this market take off? >> absolutely. if there's 200,000 new jobs tomorrow, this market definitely takes off, especially if we're finished on the highs today. these are new highs in the s&p's that we haven't seen in a long, long time, stuart. and again, take into account what happened with the piece of
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economic data, if the markets are sitting on the highs, people shake out and hit by the stock and certainly see a push, i don't think we'll get a 200,000 number, but if we do, this market will be up big. >> the other side of the coin, a lousy number, 100,000 or less, i still think the market could go up because therefore, ben will keep printing. what do you say? >> i think you may see a little bit of a pullback, but i think that will find support and see the gradual slow volume up we've been doing for a long, long time. i agree, either way the number, whatever comes out, i think this market can take on higher, it may go higher right away with a good number. it may pull back and go higher like you said. stuart: really, you could feel it, it wants to go up. i can feel it. larry levin, thanks indeed. we're out of time. the market opens in 20 seconds and we're expecting a gain, 25, 30 points at the opening bell and by the way, that would carry us back above 14,300. earlier this morning we got the numbers on the new jobless
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claims and any kind of number on jobs, fairly closely watched by the market and today, we reported that there were 340,000 new claims. by any standard that's not a good number, but you can say it's gradually improving and i guess that's what the market is saying. or that it's a lousy number and ben is going to keep printing. we're going to open higher. we have opened higher and 4 to 5 points and expect a gain of maybe 20 after everything settles down the first couple of minutes and should be back up to 14,320. we'll see, we're starting with. the banks see citi, barclays cutting and apple stocks, they expect a slowdown on iphones and ipads, too. nicole: you have the major guys coming out and citigroup and barclays coming to the down side. and talking about the fact that
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apple needs to be competitive. the next item from the apple iphone can't be be like the iphone 4 or the iphone 5. it needs to be a blockbuster product not only the iphone, but also the ipad. stuart: okay. nicole: they've got to compete with samsung. stuart: that's right, the item has got to be, the not enough to lift it higher. 420 at the moment. stuart: and another name you should know, maybe you're using it, facebook has redesigned-- or rather, revealed the redesign of its news feed feature. that means that what your friends are posting will be displayed in a different way. some will love it, some will hate it and the stock is it right there at 27.51. the big reveal later today. back to nicole you've got to talk google. someone is saying this is horizon forecasting $1,000 a share for google? >> i wonder if this is like the varney death watch.
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it's funny because when we were watching apple and the $1,000 price target and then apple. and google all time high and $1,000 up to 870 and overweight rating. we'll see whether or not they get there. of course, this is a $85 ipo back in 2004 and it moves up to these levels here that we're seeing today and maybe a thousand bucks, we'll see. stuart: and we shall see. all right, nicole, thank you very much. gas prices, let's move on to that because they're down again. they're not falling quickly, but they're down. the national average coming at 3.71, down 7 cents, i believe, in the past week. let's get to d.c. and all the goings on. the washington times revealed internal agriculture department e-mails. the show, the agriculture department will inflict maximum pain from the sequester cuts, that's what they want to do. it's what they are trying to do. inflict the pain and we reported on this, as did the washington times.
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but why did nobody else? media watch dog joins us now, am i right, rich? i don't think anybody else really got into this story. >> no, i expect abc, cbs, nbc, they spent two weeks before the sequester cuts talking about the catastrophes that would happen if these cuts went through and since then they've spent no time asking how is the white house going to decide how the cuts-- how is the administration going to parcel out the cuts and not doing their watch dog function at all. >> has any of their editorial pages said this looks like the deliberate infliction of pain? >> not on the network television, no. they're-- abc to its credit did do a story last night on the cancellation of the white house tours, and only $18,000 a week, a trivial amount of money. that did sort of raise a suggestion, it was just a very delicate suggestion that maybe these things are being staged for political effect to cause maximum pain, but nothing where
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they really came out and did some kind of an expose' if they would if this had been a shenanigan pulled by the bush white house, for example. stuart: i was saying earlier this week and late last week that maybe the tide was beginning to turn in the media that the president's forecast of catastrophe will be seen for what they are, sort of empty threats. perhaps i'm wrong, the media has not really turned its tide, has it? >> matt lauer expressing there wasn't more surprise over the sequester cuts, now, why should there be outrage? he was surprised. i guess he believed the press notices. abc correspondent said it was sad that investors were still buying in the stock market with the cuts, that was on tuesday. so i think they still actually believed what they were saying before the cuts. stuart: all right, turn it around. i think there is a change in -- a turning of the tide in public opinion. any evidence? i see some evidence of that in the president's approval rating. anything in the media? >> not so far. i mean, we'll have to see. i mean, what's going to happen
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is, you know, the media will be looking for examples of horror stories, if they don't find them. if they go weeks and weeks without being able to report on any real catastrophes as a result of this, people are going to realize, okay, we have this 600 billion dollars in tax increases without any spending cuts at the first of the year and now at the first of march we have a trivial amount of spending cuts, about 44 billion, well, that is, now, president does a balanced approach and spending cuts, and see the balance that he keeps talking about. stuart: i'm sure they'll be looking for pain and agony and find it it somewhere. rich, thank you for joining us, sir. as you may know, the house passed a bill that will fund the government through the end of september that will mean the government will not shut down the end of this month. the continuing resolution also gives president obama more flexibility in where to cut. but he threatens a veto. can you believe it? here is doug schoen. all right, doug, that's my read.
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the deliberate infliction of pain because the president doesn't get-- he doesn't want flexibility. >> right, he wants to put maximum pressure on the republicans, in part, maximum blame on them for the supposed impact of the sequester all to negotiate better terms for either a short-term or longer term budget. stuart: well, now he had a dinner last night, i guess 12 leading republicans. he's got lunch today with paul ryan. what do you laboring ma-- make of this. >> ron johnson senator from wisconsin said i'll work with anyone who wants to work with me. i think we have to give the president of the benefit of the doubt. that being said, he hasn't backed off on tax increases. he hasn't stepped up on entitlement reform, and with paul rin, i wonder if he's not using paul ryan as sort of a foil, a straw man to say he's going to push back against some of ryan's more extreme proposals to privatize medicare. >> see, what i'm looking for is a signal that the president is
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prepared to change his -- raise taxes, keep spending, ignore the debt, basic economic policy. is there any suggestion that he's prepared to retreat from that? >> i think the simple answer has to be no. but at least he's talking now. he he had not really been talking much to the republicans, didn't do it on the tax increase at the end of the year, didn't appear to do it before sequester, other than once or twice tepidly. look, this is a step in the right direction, but very small and you're absolutely right. there's no movement from the white house. stuart: where are you doing? you're a middle of the road democrat. >> right. stuart: you're a centrist democrat, that's what. >> right. stuart: i don't hear you guys making noise at all in the party what's going on. >> i think there are quiet efforts, stuart, behind the scenes to fashion a grand bargain. but candidly, the position of moderates in the democratic party and i dare say the republican party is weaker and less influential and hopefully there will be a deal to be done
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later on u hopefully. >> hopefully, but-- >> that's the best you've got doug schoen. >> at least they're talking, stuart. stuart: always a pleasure, thanks. >> thanks for having me. stuart: i think we've got another all time high on intraday basis, is that right, nicole? >> that's right. and yesterday we traded as high as 14,320. we're obviously surpassing that, right here at this moment. 14,330, we're above that. another record day on wall street. now this is our fifth day in a row for the up arrows for the dow and some of the best performers, boeing, bank of america, and united health care. stuart: boeing? and tell me, i can't get it up, but is boeing at 79, 80. >> 80.42. it's up a buck 34. 7 cents. stuart: it's over the dreamliner-- over the dreamliner problem, but investors think they'll get it through. >> they made it through, it's like a pr nightmare, but they've
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made it through there. stuart: and i'm fascinated by a big name company that get in pr or mechanical trouble with the the products and bounce back and that's the classic story of toyota and now boeing. the dow is up nearly 40 points and puts us at 14,335. all right, thursday morning,here comes your seven earlies starting with a disappointing forecast from pet smart and that's down. >> 7% down. hertz says three of its biggest stock holders are selling. not hurt the stock though, it's up 16 cents. time warner decide today spin off its entire time, inc. magazine group. the market likes it it, 55 bucks. shoe carnival, is that the name of a company? shoe carnival, never heard of them. shoe carnival lowered fourth quarter profits down 18 cents. skiers returning to the slopes and reports profits up, 60 cents
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a share on vail. doing okay, boeing dreamliner got that one. 80 bucks, not long ago at 72. and costco, that stock is up 103 a share. to the big board, we're still up there. 14,330. an intraday, all-time high, i do believe and that's where we are. 34 points higher. time is money, here we go. here is what else we've got for you we're watching today. as senator rand paul filibustered almost 13 hours, true political theater, but he made his point. a lot of people watched it, loved it, including judge andrew napolitano. but i want to ask the judge, why doesn't a senator take a similar stand on taxes or spending, or the economy? the judge, 10:25. then we have one of the top runningbacks in football joining us in our studios, steven jackson, st. louis rams. does he think that one last big pay day is worth putting his health at risk? good question.
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and we have a man who says you don't need to send your kids to college, that's not worth the money. that's what he says. it's not worth the debt. that's what he says. he's going to make his case at 10:45 this morning. all right, the obama administration continues to double down on green energy and millions of taxpayer dollars, actually billions spent on subsidies. a lot of those dollars have been wasted, but i want you to look at this. this is a plug-in pure electric motorbike being made right here in america, made by the company brammo. get this, the company didn't take any government money. we're talking to the ceo after this. (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.
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listen to this, this is good. our next guest, he is the chief executive officer of brammo, a company that makes 100% electric motorcycle. his name is craig bramshire and he's here. we've got one of these motorbike, motorcycles parked outside in the mall and put the camera on that so you can see this thing and i want some specs from craig. first of all, it's all electric. >> it is. stuart: is it a plug-in. >> it is. stuart: the range? >> 100 miles average, up to 130 in the city and 70 in you're allowed on the freeway. stuart: the top speed. >> 105. stuart: 105? what's the torque, that is the power you get going? >> yes, this uniquely has had a gear box with an electric motor nobody else has. the torque schriver is amazing. stuart: the price. >> 16,999. stuart: that one there, 16 grand. here is the kicker, you did not
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receive a dime in federal government green subsidies. >> no, two wheel doesn't qualify, you know, the four-wheelers have kind of got that locked up. stuart: okay, now, i do get a tax credit if i buy one? >> you do, you get 10% of the cost so we worked hard to make that happen and it's disproportionate to cars and we have a bigger battery from cars and they get a much better tax credit. stuart: you've got to go public and you want to do an ipo on brammo, that's the name of the company. you can't tell me how many of those machines you've sold? >> no, i can tell this year's production is pretty sold so we're in a good position, but like a company we're trying to grow fast and out raising capital. stuart: and the key question, the motorcycle market, i would have thought, was primarily male and young. and what they like is the power and the roar. you know? it's a man's machine, now what i mean?
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>> exactly. stuart: can you sell an electric motorcycle which doesn't have a roar? >> motorcycles haven't had anything new in a hundred years, systems and tires, and when you get on this bike, the acceleration and handling is better than gas because you're not priming the engine and sounds like a small turbine engine, at 100 miles per hour it has a howl like you believe. stuart: a howl, not a roar. >> not a roar, it's a howl, a whirl. stuart: craig, we wish you luck and good luck with the ipo. let us know how it goes. >> thank you. stuart: craig is the ceo of brammo and he will be back. the gold report 9:48 eastern, where are we now with a price of gold. 1579, hardly any movement. up 5 bucks that's it. talk about a run for the border taco bell releases its new dorito infused taco and people got the munchies, now what i mean? one problem, there weren't
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for you. what is in this new taco. why is it so good? well, it's so good because it's cool ranch dorito flavored and launch it for everybody, but fans, social fans and friends if they go to taco bell and ask for it today we'll sell it to them. we'll serve of it to them. stuart: that was the 32nd commercial i gave the taco bell executive yesterday. there's a problem, it wasn't totally accurate. taco bell fans to flocked to the location, were disappointed when they couldn't get the cool ranch dorito taco. there was some outrage here, go on, liz. >> why not sprinkle some taco meat on a cool ranch dorito, no, kidding. but listen, this is a great market story because it's a consumer saying hey, we want this product right now and they want it.
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so, the-- that stock though, yum! brands has been boomeranging since july, but this is a great market story and shows what consumers want. stuart: creates a buzz. charles, i have to ask you something. i'm told relybly that potheads like taco bells when they need the munchie and munchie food, is that accurate? >> from what i'm told if there's not a white castle around, that's number two. [laughter] it's okay to have the cool ranch on wednesday night, they better have it friday and saturday night i can tell you that much. >> what flavor do you want? i want the volcano lava taco. stuart: who cares, the stock is up. create the buzz. >> create the buzz. stuart: a riot to get the new, taco. >> genius marketing. stuart: thank you very much, producer. i think we're out of time on this one, is that correct. >> that's correct. stuart: when you get the munchies, i think the time seems to expand exponentially. you should have seen the fight between charles payne, he's
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still here, and dr. keith ablow during our commercial break about what's fueling the stock market rally. psychology or real profits. well, the two of them are back and we're going to have that fight live next. here is what got charles so fired up. >> we could be in another bubble, where we're printing money, it's sustaining a fiction and we have to pay with pain later. so, i worry that folks who think they're investing could be part of a kind of mass lack of reality. i do worry about that.
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stuart: if the stock market a bubble? is it bernanke's bubble? does the stock market high roof like big profit for corporations? we have them both covered on varney & company. it is an opinion that bernanke did it. it is an opinion the prophets did it. let's have at it, shall we pressure mark. ♪ stuart: i can feel the intellectual fight coming.
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to nicole petallides. i am not going to say that the nightmare is over. nicole: they had the dreamliner out. they had to pull it back. you asked me before if it had broken through 80. yes, look. now it is at $81. looking good. the best performer today on the dow jones industrials. stuart: thank you very much. we are up 47 on the down now. the fight between two varney & company regulars. the doctor says the market rally is a psychological bubble. charles strongly disagrees. let's start with you, doctor. make your case it is a psychological bubble.
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>> i am not saying for sure it is a psychological bubble, but it certainly could be. we will hear from charles, perhaps, industry was flourishing, prophets were soaring. you know what, it fell apart. the fundamentals were never there. now, we face a possible delusional event that these stocks should be valued through the roof. stuart: you both have 30 seconds. charles: the idea that people should always be exceedingly cautious. this is what i worry about. you talk about bubbles and gambling and detaching from reality. it reflects a reality that we are just too high up to
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understand. it is amazing how much money they are making. they are not making it from mainstream. they are making it all over the world. what is dangerous is this mentality. that is a bubble that the country will collapse tomorrow. that is the bubble that has so many people miss out on a lifetime opportunity. stuart: i have to ask a factual question of charles, show me that the profits are at an all-time high just as the dow 30s are at an all-time high. charles: they are there. the growth is reflective of the past. it is reflective of the future. these are the two local newspapers.
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neither one of them talked about the dow hitting an all-time high. speak to your response, doctor. >> i guess charles was not listening to my first point. auto registrations were booming. building was building. everything was booming. if you just look at the profits, charles. we have a president who does not believe in the fundamentals of capitalism and a free economy. charles: i talked about the world being on fire. my next stop was johannesburg.
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this is the rest of the world thinking doctor keith is saying listen, 1929, why don't you go back to 1920. you want to talk about the day before it fell apart. >> we got out of the gate depression by preparing for war. the people who lost it in 1929 lost both those their lives by treading water and trying to get back to where they were in 1928. stuart: yes, the market rally is a result of record.
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cheryl: though woe is me mentality, forget about what people say or they loose. so many of americans from being great investors. >> lance armstrong won those races, but he was on steroids. all you are looking at, charles, is his finish time saying that but wait, he is writing so fast. he looks so strong. yes, it is all a lie. stuart: if you own stocks right now, you would sell them? >> i am not saying that. here is what i would do, i would call my investment advisor and say i want to be prepared for a possible bad outcome here. how do i do that.
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speak to you, charles, are a buyer of stocks. charles: i am already in it. i am making people tons of money for the last several years. doctor keith would not be in the rally to get out of the rally. >> charles, as a friend, i would tell you to be more careful. you sound like you are really, you know, swallowing the kool-aid. charles: it is not about kool-aid. let's put it this way, people who are not in this rally, people who are not ripped like you, doctor keith, what will they do -- stuart: i have to interrupt. >> by a little gold, to. stuart: that was a spirited and passionate debate. it was better than the one yesterday that we had during the commercial break. thank you, gentlemen. the thing in washington that has a lot of people talking this
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morning is not the budget cuts or who the president was dining with last night. it is senator rand paul and that near 13 hour filibuster. later this hour, judge andrew napolitano is with us. he loves senator paul's stand. why can't a senator make a similar stand on the economy or taxes? i asked the judge that. he is on at 10:25 a.m. this morning. now, back to nicole petallides. we are celebrating your 25,000 hits on the new york stock exchange. congratulations. nicole: thank you, stuart. every single one of them was very special. i look forward to the next
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25,000. [ applause ] nicole: what am i without on these guys? stuart: we have the video of your very first. nicole: okay. pretty high right now at $86 a barrel. there were more buyers than sellers that day, i guess. stuart: you look more poised and glamorous today than you did back then. congratulations. nicole: thank you. thank you, stuart. those are very kind words. >> 25,000 hits. and amazing achievement. it is great to have you. this elevates you to a new status. [ applause ]
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nicole: thank you. wow. the fun continues. >> it is an honor and privilege that i get to present you with these tokens of gratitude. you are a member of our team down here. we are very proud to have you here. the work that you do is outstanding. we love your balanced approach. we will always be grateful for you. thank you. nicole: thank you. thank you. wow. wow. you said jason. where is jason? >> congratulations. nicole: nice work. thank you.
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thank you to everybody. always. 25,000. stuart: it looks like you are retiring, but i know you are not. [ laughter ] stuart: that is terrific. nicole petallides have had a fabulous week. she was named greek american woman of the year. now, 25,000 hits right there from the new york stock exchange. you cannot hear everybody, but i know they are applauding big-time. congratulations. nicole: it is all good. i am a very lucky girl. there is no doubt about it. stuart: 14,339. that is where we are. what a week it has been. joining us now is doctor ben carson. talk about stars. this is a start and a half. welcome back. good to see you again.
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>> thank you. stuart: i want to ask you about your impact. when you stood up and spoke directly, almost, to the president, it was picked up all over the place. it appeared to be that you had an impact on not just america and conservatives, but on the president. i noticed the president is now reaching out to talk to republicans. you act alleged that. >> when he was talking about personal responsibility and chicago a couple weeks ago. the things that i talk about are things that apply to all of us. there is nothing specific for democrats or republicans. what has been truly amazing is that all poor of sentiment across the country. unbelievable. every place i go, i was in the train station yesterday and people were coming up to me.
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they were just saying how much they appreciate the fact that somebody is speaking up. let's not demonize each other because there are disagreements. put everything out on the table. let's see if we can figure out how to do this and stop being enemies. stuart: you have been invited to speak at the big conservative conference. it sounds like maybe you have a political role in the future. do you? >> well, i do in the sense that, you know, i will continue to speak up. i will not be silenced. i want to encourage other americans to do the same thing. in terms of actual political office, again, it will be
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difficult for me because i do not believe in political correctness and i certainly do not believe in getting into a cesspools of personal interest groups. i will have to find a way of doing it without doing that. stuart: you retired in june from surgery. >> i have so many things on my schedule. i may have to come back to work to get a vacation. stuart: i do hope you will come back and see us. we just love having you on the show. doctor ben carson. >> thank you so much. stuart: thank you, doctor. >> the white house got an advanced copy of the speech. he did not, they asked for it but they did not get the advance copy of the speech at the breakfast, but he did speak. stuart: they wanted to know. what is he going to say.
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the good doctor said, well, i do not have a script, i just stand up and speak. >> and quoting from the bible. stuart: who would have thought that the national prayer breakfast. [ laughter ] stuart: the governor of nebraska stalls in his push to eliminate income taxes in his state. the man who runs the state south to nebraska, that would be kansas. he is in our studio. ♪
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♪ stuart: yahoo! chief marissa mayer just received a $1 million bonus for her five and a half months on the job. her 6 million -- i am sorry, is that $56 million, yes. it is up 40% since she took the range. facebook announcing a rebalancing of your newsfeed. no other details about the changes. shares of facebook up $0.46. not bad. 27.91. samsung will release its new galaxy next week.
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>> it is a stiff fight. you have people who say i do not like the way you are going. you have a number of people who say i do not really understand it. you have a few people who say, look, we need to get something done here. stuart: you want to eliminate, phase out the entire state's income tax. will you replace it with a higher state sales tax? >> we have a severance tax which is an oil and gas tax. we want to do the rest of this off of growth. you have to work it down over time. it is not one of those things that you can do all at once and hope you get it done. stuart: you are going for growth. >> absolutely. stuart: the way to get growth is to lower tax rates so that people keep more of the money
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that they are, spend more of it in the state grows. >> that is not just this theory, that is the practice and that is what works. you will lose people to everyone around you. i am saying, we could have stayed on the old path, but i will guarantee which way that will go. that is towards a slow migration. we need growth. we need people. stuart: your opponent says it is not fair. not fair says your opponent. >> i do not think it is fair that our kids leave the state and go somewhere else to find a job or an opportunity. i do not think it is good that we have a slow net migration.
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i think that is a much more practical way to look at this. we need to grow and create jobs and opportunities. we were at zero already on llc income. we are seeking tax record use from all over the world, particularly all over the united states. you are starting to see it happen. stuart: would you agree there is a debate at the state and national level? >> absolutely. stuart: the low or no tax states, texas, florida, louisiana wants to go this way, you want to go that way, oklahoma and north carolina. it is the national debate at the moment. >> it really is. it is playing out the way really you would expect it to be. you do not change america by changing washington.
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you change america by changing the states. look at where we are already. we are at zero on llc income. we have a plan in front of the legislature. you have to work it down over a period of time. it is starting to have a fact. stuart: you have national office in the distant horizon. >> i have state office in view. i have five children. my wife and i do. what i am saying is, i want to be able to come home. i want to have an opportunity in kansas and say that opportunity as good as i can find him somewhere else. stuart: everyone is talking about it. senator rand paul almost 13 hour filibuster. could a senator make a similar
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stuart: the dow jones industrial average, i do not know if this is an exact intraday high, we are up another 42 points. charles is here. he will make some money. charles: you mentioned costco. there was a name sold price. sam walton said this was the best retailer he ever met. after going to dinner with him, he started sam's club. it is in south america. enormous growth. same-store sales have been absolutely phenomenal. a buy and hold here. stuart: $75 a share right now.
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where do you think it is going? charles: i think it will definitely pretest the high. stuart: this is a buy and hold are we doing it now? the judges here. >> are we doing it now or later? [ laughter ] stuart: do not start. by now, you have seen it and talked about it. senator rand paul near 13 filibuster. since this is a business program, i want to pose this question. could a another senator make a similar strand, a filibuster perhaps, about an economic issue? judge andrew napolitano is here. what struck me was why don't i
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see somebody else stand up and filibuster this nonsense that is going on with economic policy? >> they rarely are successful to the fact that they stopped with the senator once they stop. stuart: precise. that is exactly what rand paul did last night. >> in the case of rand paul, it is really sad that his letters to the white house or on answered and it was unnecessary for him to put his body and soul through this 13 hour ordeal in order to get people to pay attention. could he do this with some financial appropriation western mark i do not know why they do not do it other than the physical
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demands on the body. stuart: i thought that you could not filibuster a spending bill. you could not hold it up for something. >> from my understanding of them, you can filibuster anything and they have means for breaking the filibuster which obviously they did last night once he came up for air. stuart: if you are thinking of doing a filibuster as rand paul did last night, you are not allowed to leave the chamber. >> correct. stuart: you cannot sit down either. >> there was a time you could sit down, but you cannot any longer. those rules keep tightening to make the filibuster less likely to happen. stuart: if somebody did that
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with raising the debt ceiling, for example, you would draw attention to what is going on. >> he is a young, athletic man. not every senator could do this. stuart: cornet somebody else take over? >> if they follow the rules, then they can extend the filibuster. they can give him a break from speaking by their own long winded questions to him. stuart: i would like to see that done. you have political clout. make it happen.
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>> you cannot filibuster a budget resolution. >> i thought you could filibuster everything. stuart: something you did not know. i have to stop you right there. we are out of time. in a moment, i am talking football with a football star. i know the audience is desperate to see me talk football. >> do you know enough about american football to have this conversation on tv? stuart: quiet. it is no secret that the nfl is a dangerous place to be. it is also big money. the most popular sport in america. stephen johnson joined us after the break. we will ask him -- stephen jackson, sorry about that. we will ask you all the questions that we should be asking him. ♪
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they took somebody else out of retirement to replace the ceo that they fired back in august. you have their new chief operating officer to become the ceo. the stock has jumped over 21%. stuart: thank you, nicole. when you replace the ceo, the stock goes up 21%. that says horrible things about the old guy. charles: that maybe the only thing. stuart: our next guest has rushed for 1000 yards or more in each of the past eight nfl seasons. let's bring in steven jackson. welcome to the program. back again, by the way. >> i like it. stuart: the game is getting very dangerous. we know that. you may become a free agent next
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monday. is it worth it? >> i believe so. when you are able to do something that you love, you do not think about what you are bringing in off the field or what your pay check will look like. it is something i have been doing my whole life. stuart: have you ever gotten a concussion? >> i have given a few. [ laughter ] stuart: have you had one? >> i believe i have. i have seen double. i have not been hospitalized. have not had to miss a day because of a concussion. stuart: you have a big smile on her face. >> i enjoyed the game of football. i think the game should be made
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safer. especially with kids playing it at such a young age. if they will focus on one sport, they need to be taught how to play it the right and correct way. stuart: you are a running back. does that mean you run fast? >> yes. stuart: is it the receiver that runs really fast? >> the running back is known to run through people. charles: he runs through the first two guys and runs past the other guys. last season you seem to be rejuvenated. i was watching you. what did you do? i thought you were really starting to drag down a little bit, but you came out strong last year. >> a coach that brought a locker room full of useful guys. you have to feed off of their
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energy. the work became fun again. years before you had to do with the press. things are going south. last year things turned around. >> do you think the nfl should make the sport safer? does that make the game then more boring? >> i do not think it makes it more boring. it should be made safer. the athletes now compared to 30-40 years ago are a little different. the guys are bigger, stronger, faster. stuart: you will make a ton of money. a huge paycheck. millions and millions of dollars. >> i hope the paycheck reflects my talent. stuart: i am sure it will. stuart: you know what is coming. you know if you get that big paycheck, you will have to pay at least 50%, half your money, to the government.
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>> i asked them not to show me that portion. stuart, on. you know it. you do not resent this? steven jackson will not resent giving someone else half the income you make by getting beaten up on the field? >> it is a little tough. stuart: you have been traveling. all over asia. >> yes. the month of february. i love to travel. you get a chance to experience different cultures, meet new
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people. i enjoy traveling alone, as well. it is adventurous. stuart: we could get into hot water here. i am resisting temptation. steven jackson. good luck. thank you. is a college education worth it? up next, a guest who says no, it is not. he will make his case in a moment. the dow is up 40. a new high. ♪ ♪ [ female announcer ] from tracking the bus. ♪ to tracking field conditions. ♪ wireless is limitless. [ female announcer ] from more efficient payments. ♪
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to more efficient pick-ups. ♪ wiress is limitless. [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in ve, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ g barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other,
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which isn't rocket science. it's just common sense. from td ameritrade. ♪ stuart: on a day like this, you have to keep your eye on the big board. look at that. the dow of 50 points. 14335. what a day. gas prices down overnight. the national average is $3.71. now, check the price of oil. are we below $90? no, we are not. a fixed rate is 3.51%. stepping away from business for a moment. the un security counsel approved new sanctions against north korea.
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everyone thinks intel will hurt them and there will be more competition. i think the stock is oversold. looking for a quick trade on this one. this probably will fit doctor keith definition of a high risk play more than others. i doubled my money on this and more than a month. stuart: you played it? charles: yes. stuart: are you a gambler, charles? charles: no. stuart: our next guest says college is not preparing young people for the real world. you can make it without it. dale stevens is here. he is the author of "hacking your education." welcome to the program. did you go to college? >> i went to college and dropped out after six months. it was a lousy investment. it did not make sense.
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i could be out in the real world doing real things having real accomplishments. stuart: could you get the education that you require outside of college? >> i am not saying that no one should go to college. i think everyone needs to think and stop and think long and hard about whether or not it makes sense. stuart: at the moment, the ethic is all americans should go to college. everybody is college material. i would contest that, quite frankly. that is the way things are. you are trying to get them out of college. are you in urging people to drop out? >> how to find mentors, how to get the content, how to build a
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network. stuart: you think you can have an impact? >> i really hope so. i hope so because our future depends on it. >> lincoln and washington never went to college. are you getting pushback from the education system? >> i actually started working with college and universities who want to change their model. there are less expensive and more meaningful ways to learn and inside institutions. stuart: the cost is not going down is it? cost of a percent last year. >> that is right. charles: it is about people who
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want to have knowledge. people who actually seek knowledge and want to improve themselves almost daily, do you think dropping out is the best idea? >> i think those people should think consciously about how they want to educate themselves. if you make a conscience choice, or power to you. >> what have you done? >> i left school when i was 12. i was homeschooled. i went to college and dropped out and now i run an organization. stuart: you have two really know a whole lot of people out there. it was a pleasure to have you with us. what is the name of the book again? >> "hacking your education." stuart: my take on spin next.
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lasting impression. charles: he ruined the poor. >> crimes and murder are up almost doubled. stuart: they just want you to say the right things. charles: when he became president of roselle, he became a capitalist. that is the irony of the whole thing. stuart: okay. this is a no-brainer. we are about to be told america is recovering. we will be reassured that everything is going just fine. here is my take. everything is not fine. it is the weakest recovery from any procession since world war ii. with a growth rate of 0.1%, the use of the word recovery is flat-out bogus. that is not what you will hear.
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tomorrow, when the unemployment numbers appear, they will seize on anything that can be construed as positive. even if the job growth is lousy, they will see some growth and say that is good. the fat cats are doing well. on the debt, the huge incredible surge of red ink, the president battling to get it under control. this week, president obama is the all-time champion spending cutter. incredible. of course, all politicians spin the news towards the positive. it is flat-out wrong to say that the rich are doing just fine and they can afford to pay taxes. it is wrong to say that all the handouts can be paid out with our taxes. it is insane to suggest that the debt does not matter in the president is fighting hard to
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