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tv   Varney Company  FOX Business  March 15, 2013 9:20am-11:00am EDT

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with the taiwan media after signing with the taiwan rhinos. connell: they're good. warner: of the taiwan league, for 25,000 a month. bernie: earlier i said bangkok, i thought you said thailand. lou: now it's funny. warner: said manny, i always want today play in asia. come on, manny. and speaking of baseball, the unbeaten dominican republic scored two in the top of the 9th so the u.s. must beat puerto rico tonight to move on to the semis or being eliminated. connell: didn't david wright get hurt? >> right, back ribs and didn't play. connell: a good start there. >> it's early. connell: warner, appreciate that. a bernie briefing next on the radio and on the television, remember, the business of vice all day long, fox business network, liz claman, at
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penthouse 3-d studios in california and right now time for "varney & company" on the fox business network, and keep it here, "imus in the morning" 18 minutes past the hour. ♪ ♪ ♪
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♪ ♪ imus in the morning ♪ >> welcome to "varney & company." i'm charles payne in for stuart varney and here is the big story. have you looked at your 401(k) lately? a 10-day winning streak on the dow, the longest in 16 years, another all-time close for the dow and by the way, the s&p 500 just a few points away from its all-time closing record. if you look at the headlines and the mainstream media?
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well, the tide has finally turned on the economy. case in point. the l.a. sometimes says the u.s. economy improving better than expected, on track for stronger growth than predicted. upward revisions for gdp by major banks, but on varney, we like to sort of bring you back to reality. is this all really cracked up to what it's supposed to be cracked up to be? we know unemployment is high. there's budget gridlock in washington and higher taxes on the horizon and exploding government debt. we'll have the angles, good and bad because on "varney & company" we keep it real and we're about to begin. ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-cond stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade.
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>> good morning, "varney & company" viewers. today is friday, march 15th and while it's the same story from lawmakers in washington, gridlock on the budget. we've got two different visions of the way the country should be. the main theme from the democrats, tax the rich and lawmakers of course can't get any kind of deal done. if congress wants a lesson on popularity, they have to look
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overseas, after pushing for higher taxes on the wealthy and more entitlements for everyone else, socialist president francois hollande's popularity has plunged. tom sullivan, a spectacular fall from grace. >> it is, but the thing misreported about france and all of europe is that they're, oh, the economy is not doing so well. economy is because of austerity and i went in and i looked, for example, italy's austerity plan and looking for the spending difficulties, there weren't any. there were only tax increases and that's their idea and the left media's eyed of what austerity is, so, here you've got austerity into the face of the french citizens and you know what, this isn't working. >> i've got to tell you, his popularity is crashing and so is president obama's because people are starting to see beyond the headlines, the at least beyond the media. by the way, guys, it's vice day on fox business, sex, drugs and rock and roll and cover the deadly sins so you're not going to change the channel.
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legal marijuana in colorado and washington, people may be lining up to get high, but there is people saying there is big money to be made, even if you don't hit the bong. and we'll talk more about vice and of course, you can't talk about gambling. a former member of the mit blackjack team and they made a movie about those guys. can you make a career out of gambling? that's at 10:26. and when it does come to gambling, the bookies make a killing off professional boxing, but sport is a big business. bernard hopkins, the oldest boxer to win a major title will join us, and it's vice day all day long on fox business, well, we've been calling it a potential iphone killer, the new samsung galaxy s-4 arrived and if you haven't seen it, don't worry, we may be the first, and we have one onset, it's absolutely amazing. the opening bell is next. [ shapiro ] at legalzoom, you can take care of virtually
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>> well, we're just 30 seconds from the opening bell. and scott is at the cme. here is the the thing, the dow finished higher for ten straight days and we know a pullback is coming soon and i want to know how severe the pullback is going to be? >> i think the pullback is going
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to be overrated and i think the rest of the street is waiting for something like 5%, but they're not going to get it because there's so much dry powder out there still. if you get another, say, 1 or 2% i think you're going to see people jump on it. >> it's interesting, because everyone from bulls to bears are waiting for the pullback and a lot of people telling me when he we pullback i'm going to jump in. i feel like people are missing the train and every time we get the scenario it's going to feed on itself, right? >> right. it's going to make the pullbacks if we have one are muted. we'll be down a few days in a row, but at the end of the day because there's so much capital that needs to be deployed. something that should have been 5%, be 2%. charles: the bell has rung and we've been open for 25 seconds. interestingly enough this has been the trend almost every day, we look at the down side and find a way to rebound and scott, it's so funny because what we're talking about playing out over a few days the market pulling back
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and seems to play out intraday every day and then everyone jumps back on. >> right now in this situation where we've got end of quarter and end of month coming the end of march so it's going to get more interesting. when most things we're going to peel off equity and see bonds break, we might see these positions further taken to where they need to be going. i think come the end of the month you'll still see an equity rally and bonds hold in there. >> and scott, thanks a lot. happy trading, man. >> all right, thanks. >> boeing says its grounded 787 dreamliner will resume commercial flights within weeks and it hasn't found out what caused the two planes in january. >> go to the boeing shares, which year to date held on beautifully and today up over 12% year to date and they've made it through this pr nightmare. and trying to get to 787 back up and flying, so, they're going be to be doing some limited test flights with two 787's that will have prototype components of the
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new battery system. i guess, who needs to find out what's wrong with the old battery? let's make a darn new one. i don't know, i don't know the intricate part of it, but the f.a.a., obviously, now overlooking this as well. and the ideal start is to get this thing up and flying again. it looks like they're certainly on the way to doing so. charles: i've got to tell you it's a wonderful thing to only have one global competitor, you can make a lot of mistakes and still have a hot stock. talk to you later, nicole. as the senate panel slams j.p. morgan for a loss last year and found that they ignored losses and hid, that's right, hid. and we bailed out the banks and now gotten all of this money from everyone watching the show and now that they're flush, what are they doing with it? they're not giving it back to us, not giving us loans. >> i was the first guy to say i was against tarp. tarp never worked and i was against bank bailouts, but at
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the same time they paid their bill. leave them alone, let them run their business, but i still don't like the fact that they're bigger than they were before. i think the risk is higher today than it was back in 2008. charles: i would leave them alone except i think they're going to come back and touch my wallet again. if we could have this relationship where didn't ever have to bail them out again, i wouldn't judge them. i think that everyone has a right to judge them, not really them. i'm making a mistake, we have to judge the government for letting this happen. americans shouldn't have had to bail out the bank, but now that it does exist, where do the banks have an obligation to help the public out? because, you know, listen, they're lavishing themselves of billions of dollars right now, billions. >> absolutely and the government is helping the problem and they're the get away driver. i'm take charlie gasparino's solution to this, unless you're a certain size, we're not going to give you fdic insurance and let the marketplace decide if
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they'll have money with the banks. charles: another headache for carnival cruise line. affecting the sailing speed of the force, cancellation and stopped at the grand cayman islands and here we are again, carnival cruise lines. >> oh, my goodness, we went from the triumph, to the dream, and now, to the legends. they sound like great names and so dreamy and wonderful, you just want to be there in the sun. maybe not. this is the third time in about two months that carnival is now plagued by yet another problem. so you're talking now about the carnival legend, as you noted, heading back to port in tampa. it will not be making the scheduled caribbean stop. instead, it's going slow poke pace, 14 miles per hour back to port. and they are offering the big rebate of $100 credit, 50% off on your next trip. i mean, they're doing the best they can, obviously, keeping the passengers safe and getting you
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back, but we know just a few days ago, they had to fly the passengers back to st. maarten, they couldn't come up to florida with the ship and they had to wait and fix the problems and the stock is down over 5% this morning. charles: it's interesting, we have the debate, will it stop people from taking the cruise and will the debate be more, will they stop taking carnival cruise? >> and i was reading something and thought people would want a bargain and get on board and i saw that that cruise bookings are down. charles: yeah, well-- >> the latest reports. charles: only logical. thanks a lot, we'll be back. okay, samsung, we talked about this a lot yesterday unveiled its new galaxy s-4, that was last night. radio city music hall and a lot of hype and here with the phone, mark, first of all, is it the iphone killer? >> i think for a lot of android fans it definitely is. charles: really? >> it's a five inch display and people care about the size of the screen and the fact that you're getting that, full hd and
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thinner and lighter than the s-3 was, it's about 4.6 ounces, .3 inches thin, it's on the plasty side so some people are complaining about that, but i prefer having something with a big screen and nice and thin. >> and hold my iphone next to that, see the difference? there's a difference in the whole display. >> and talking about some of the killer issues-- >> the bells and whistles. the thing i'm hearing, the thing that follows your eyes. >> right. >> this is amazing. >> and that's the idea, right? we want to get people excited about upgrading the phones they have. charles: how does it work, it scrolls for me, i look away and it pauses. >> the two different way the eye part works, smart scroll, looking at the screen and tilt the device up or down, it will go in whatever direction i want, almost like, if you only have one hand free like on sub way o
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something like that, read an article while one hand on the pole. it's kind of cool. the other thing, if you're watching a video, you start playing back a video, you can look at the video, look away and it will pause automatically, called smart pause, i'll start playing the video, i'll look away, and come back and you see how the playback started up again? those are just a couple of the things they're trying to get people excited about innovation inside smart phones. charles: i think it's fantastic. >> my problem with it, i've got my iphone sitting here and i've invested a fair amount of money in the apps. if these apps would be universal i would jump in a minute. >> and i think that's what google is trying to do with the app store, neck and neck with the iphone, granted the iphone gets a lot of the coolest apps first like flip board and others, but see the scale that android and partners have, they're bringing apps over, especially the free ones and competing with apple on content
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with the new samsung hub store so it's going to combine, music, books, videos. if i'm going to be nervous, it's not just app, it's google, because they're attacking google in terms of their eco system. charles: you went to the event last night. did it feel like an event and live up to the hype. >> it felt much bigger for better or worse. over the top, the musical numbers. charles: were the rockettes there? >> they were not there. charles: they were not. >> they tried to sprinkle in humor and untraditional launch, but the fact that they have the marketing muscle to basically rent out times square to rent out a property that big, i think it tells you how much marketing muscle they have. charles: before i let you go, how come they let you walk away with the phone? >> samsung is here and watching it closely and i have to give it-- >> they're he in the building. >> yes. charles: in the green room. [laughter] i've got to tell you i'm super-duper impressed, i've never bought an iphone, but
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thinking about the samsung, and i think-- >> what have you been doing? are you stuck with the blackberry? >> i'm still with rotary, buddy. guys, thanks a lot. if you want real stimulus, all you have to do is make a new taco, that's right, wait until you hear how much jobs taco bell created with the new dorito loco taco, i love the tacos, coming up in a few minutes. right now 7 early movers, take a look the medical, they have different things, medical supplies, upscale for women and pretty good earnings and cash flow, solid guidance and wall street kind of likes the number. the stock is up this morning. freeport mcmoran, an upgrade from goldman sachs. and wall street is start to go warm up. and thinks that copper is coming back, that would be a great, great sign for the global economy. arm holdings, usually trades in tandem with apple. apple under pressure, but not this stock. buy from hold at jeffries, and it's up 100% already from the
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52-week low. akamai, the ceo bought 30,000 shares, over a million bucks worth. people love it when the ceo puts his money where his mouth is. sony, you know, sony lost in the conversation, but not the stock. by the way last four quarters missed concensus by 700%. 166%, 200% and 700%, but the stock has been moving higher. bank of america, what can you say, 5 billion buyback, regular stock, 5.5 billion in preferred stock, the stock is going up. and finally, panel, a play on the galaxy here, and in fact, goldman says this is a play on the galaxy s-4, rather and see the stock is making an impressive move so far. there you have it, your 7 early movers. >> let's check on the big board, we open sloppy today and down 40 points, not a lot going on and you could have friday selling. some people maybe taking profits and last hour trading always important. also let's check on the price of oil right now. oil is sort of quiet because the stock market, but not the price.
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oh, well above 90, 93.37 and it's been pretty firm to the upside. hey, guys, check this out. investment and legal pot continues to grow, what happens if the federal government interferes? by the way, it's still against the federal laws, guys. so would you lose all of your money? here to tell us is a man who invests your money in the pot business and he's coming up next. clients are always learning more to make their money do more. (ann) to help me plan my next move, i take scottrade's free, in-branch seminars... plus, their live webinars. i use daily market commentary to improve my strategy. and my local scottrade office guides my learning every step of the way.
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♪ >> well, it's vice day on fox
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business and with marijuana now legal in two states, investment in legal pot is skyrocketing and our next guest helps invest in the pot business. some people are willing to put up $50,000 and try to cash in. and here to tell us, the ceo of the group, troy, the big business of marijuana, what are you telling people? what's your sales pitch to get people to invest money $50,000. >> there's no sales pitch. people are knocking down my door and it's a bit of hold off a little bit because really, there are some great investments, but they're in the ancillary sides, the spots that don't touch the plants directly. that's still federally illegal. charles: define that, what do you mean? >> if you have a dispensary that violates federal law and difficult to invest in people selling the plants, but there's a range of ancillary businesses
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that are around this, so consumption devices and growing equipment and point of sales systems and insurance, and all of that. so, that's-- >> and growing is, growing devices and smoking devices. >> correct. charles: you mean like a bong? >> or things like vaporizers that help reduce-- >> so these investments, up to $50,000, how does it work out with the payment. how are people rewarded? in other words, are people envisioning themselves okay, we're going to replace the drug dealer and the mercedes benz, that would be me, but how does it actually work? >> for most investors it's just like any other early industry, the real plays are in private companies who are just getting started and early stage companieses looking to raise $250,000 or a million dollars. what we have is sort of like a shark tank, you've seen shark tank, the investors in the companies pitch and all over the place and different ways people are getting involved in the the
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industry. charles: even though it's still against the law as a federal law. >> yes. charles: what you're doing, the part that you guys are involved in, are exempt. it's not illegal to craft a vaporizer or a bong. >> yeah. >> this is like the gold miners, the people making the money-- >> with the shovel. >> are you doing this as a limited partnership or why that number? >> yeah. >> is it for-- >> it's just, just a way to set a bar of having serious players investors. do they have ab accredited investors. >> accredited investors and they make their own decisions or work together on various deals. charles: are you the middle man then, watching them up. >> yeah, we run the shark tank. charles: it's legal in two states, but can people from any state invest in this? >> absolutely, absolutely, and there's opportunities here in investing directly in the plant as well, but we've got to really, you know, only if you're willing to risk going to prison. charles: okay.
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that's a good disclaimer. all right, thanks a lot. we'll talk to you. >> all right. charles: tom wants to know why you didn't bring any samples. we'll talk in the green room. and time for the morning gold report. not doing too bad. 1592, still 1600, a lot of resistance here. and how about this vice, fast food another guilty pleasure, if you're looking to create jobs, maybe all you need to do is release a new taco. how many jobs do you think that taco bell added after the dorito taco? well, we'll tell you after this. ♪
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thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from t best experiences below...
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♪ >> and here is another vice for you, fast food. at least the way i do it, it's a vice. and well not only fill you up by the way, it can help create jobs. all it took for taco bell to add 15,000 employees last year was the dorito loco taco. the taco ceo credits the dorito shell taco for boosting the jobs numbers and more than 75 million since the launch last year and taco bell, the company launched the cool ranch dorito shell, i
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think it's a wonderful thing. and i mean, i don't know if you're a fast food guy all the time. i don't eat them all the time, i like the tacos, innovative and creates the jobs. >> one thing about fast food, i'm surprised by this. i thought people would have preferences, but with the preference number one is the price and that's why you see these fast food places advertise the dollar meal and these tacos are not expensive, it's a good way for somebody trying to live off a few bucks less every month and go to taco bell and get one of these tacos. and i wonder if the number of jobs added don't have to do with them hiring mortemry or part-time workers. charles: whatever it is, it's working and by the way, they do taste good and makes a difference. >> it turns out that nancy pelosi should have read that obamacare bill before it passed, why? well, because it's going to cost nearly every single big american
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company lots of money. that's at the top of the hour, and find out how much it's going to cost and we're just finding out about it more and more every other week, but we're going to get the details next.
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>> we have two pass the bills so you can find out what is in it away from the fog of the controversy. charles: if she got a buck for
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every card that was shown, she would be richer than she already is. bigger bills for american businesses. employers are bracing for a fee under the new healthcare law that will charge $63 per worker that they insure. boeing, ford, general motors will be forced to contribute up to $25 billion. boeing estimates it will have to pay the fee for about 400,000 workers it will cost them about $25 million next year. that is what happens when you pass a bill before you actually find out what is in it. ♪ ♪ charles: breaking news, consumer sentiment coming in at the lower than expected number.
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that is the lowest since december of 2011. now a news alert, the federal reserve is out from its latest round. it will allow jpmorgan and goldman sachs to have any buybacks that they have requested. it is not that they are obligated, when they are in trouble, they dig into our pockets. it does not seem like a symbiotic relationship. >> we want the banks to thrive. charles: that is the point. they are not loaning to people. >> why are you outraged just because of this news? they are subsidized by the government on a daily basis. the banks are subsidized.
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charles: people watching the show are offended. there are people out there who want to start a small business and want to buy a house. you just can't do it. bank of america, they will buybacks 5.5 billion years my beef is more with the government for allowing this to happen. >> the banks are in it to make money and be profitable. charles: -- >> what is wrong with you, charles? charles: we should not have bailed them out in the first place. >> i agree. they are private capital. the problem i have with your point is that government is subsidizing them through the fed. they are subsidizing them and all different kinds of ways. one of them is that old fbi c insurers are saying we will ensure that money that is coming through your bank.
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nobody in the money is doing -- charles: that is the point. there is more risk now than there was before. did you see the stress test? they will lose almost $500 billion they will still be okay. are you kidding me? they will be okay. they will dig into our pockets again. >> it is mere speculation at this point. so much of this is kept quiet from us. this is mere speculation to decide whether or not the federal government really tested them to their full strength and whether or not the banks reciprocated. charles: it is all a joke. the only ones not laughing are the ones watching this show. thank you. open and under pressure since the consumer sentiment number is
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down even more. a tough challenge to make it 11 days on the dow today. aeropostale is down again. nicole: there is a short term and long-term here. they have all given forecasts that are a little soft. although abercrombie and american eagle. they forecasted a loss of the current quarter. they spoke about a weak economy. they talk about americans and payroll taxes on the rise. year to date, aeropostale is outperforming abercrombie. we all know the teenagers are very cynical. the big picture here is a weak forecast here and a week stock. charles: the tide continues to turn for president obama. his job approval rating is now at 50%. the public trust the president
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on the economy is neck and neck with the gop. when nancy pelosi was pressed on the president political motives, she had something weird to say. >> i don't think he has ever done anything for political reasons. [ laughter ] >> i think the point of him making that point if he does not want other people to attribute any motivation to what he was doing. i think he has been as bipartisan as any as i have seen. charles: i have to tell you something caught the first time the president ran, i think the public viewed him as a non-politician. i think he has been proven to be nothing but a politician from day one. >> she lost speakership over it.
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it was not done for political reasons. if it had, we never would have had healthcare reform. of course he is a politician. you do not become president of the united states can't you do not become a senator without being a politician. everything done in washington is with an eye towards the pole. charles: has he been political to a fault? he certainly overplayed with sequestration. you know what, if we do not meet this, life will be dramatically different for america the day after sequestration. >> the d.c. press corps and national press corps kind of joked about this, local stations are doing -- charles: he went to these little
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towns. the president of the united states coming to montana. you will not give him a hard time. >> are you being mean to these people in montana? charles: no. the president took advantage. i think it is backfiring. >> i think it did backfire. you see that in the polls. everybody is tired. they are just tired. they are tired of the nonsense in d.c. there is no question. charles: this white house tour thing is blowing up in his face. he is flying somewhere today. the white house press is turning on him and saying you know how much money it is costing to fly the president today. he cannot do anything without it
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being measured in the terms of the cost of the white house stewards. >> that is nonsense. the women and children program is getting cut. charles: i do not want to get too much into that because that is a different topic. you acknowledge the president made some excuse. what happens after this coup by ya think if it does not work out? >> what will he be able to do? i do not know. he has tried it one way, he has tried it the other way. is there a third way we are not familiar with? the parties right now are so far apart. there is so much conflict on both sides. are you telling me paul ryan
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will say i will propose something new? of course not. charles: he made some changes. julie, thank you very much. keeping up with america's vices and how you can make money off of them. let's check in now with jeff flock. he is in kentucky. jeff: the spirit here in kentucky. jim beam. you will be the great grandson of jim beam himself. his picture is on the bottle. that is fred. you are at the very bottom because you are the seventh generation. >> that is correct. jeff: i like it. i tell you, faded in popularity. distilled spirits are back in a big way. >> bourbon is doing good.
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people are discovering how flavorful it is. people are learning about it. jeff: are people just drinking more these days? are they sick of the economy and all that? >> i think they want to drink better. they are looking at more of the premium marks. jeff: there is tremendous growth in this. if we grab one of these bottles off the line here, this is a bottle that is affordable to americans. you know, champagne has to come from france. bourbon has to come from kentucky. you can pay $1000 for a bottle of champagne, bourbon, you can afford. >> it is made in the united
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states. bourbon is affordable. it is very american. that is what we are all about here. jeff: your company, famously, was fortune brands. it broke up and now is jim beam. the focus is on jim beam and a more entrepreneurial spirit. >> yes. we are doing very well. it is great. jeff: seventh generation. his son will be the eighth generation. >> we will shuffle the pictures around a little bit and get him on their. jeff: no better ambassador. jim beam. a lot of people have known jim beam over the years. some people know him too well. there you go. charles: one or two drinks, it is a pleasure. thanks a lot, jeff. they call him the executioner.
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bernard hopkins. we will talk to him about the business of boxing. that is at 10:35 a.m. here is yet another unintended consequence of obamacare. employers will be charged $63 per worker. this is a really big cost for companies. especially those businesses that employ hundreds of thousands of workers. it adds up to $25 billion. >> you wonder why our unemployment is sitting at 8%. they did not know. this was in the fine print. the insurance companies, by the way, helped work this into the fill. you cannot blame them. they are in the market to be profitable. they will have an influx of customers coming on their tab. >> you cannot plan.
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you cannot budget unless you know what your costs will be. people are not hiring because we do not know. charles: every other week, there is a new surprise that hit them in the wallet. we do not know the exact cost. >> what does uncertainty breed? bunker mentality. charles: exactly. that is what we are seeing. they got a chance to help craft the bill. really interesting. you know sony and all the hype in south korea. they are getting a boost this morning. nicole: unbelievable here with sony. it is up almost 8%. they raised it from a bike to a neutral state they could be profitable in fiscal year 2014. one of the reasons they are saying that is due to smart phone sales.
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i guess they are involved in the whole market. sony, a lot of people are writing off sony. meantime, it is up 55% this year. we are not even done with the first quarter and it has already had an unbelievable performance. charles: that is what you would call a could stare and play. thank you, nicole. there is always money to be made in the by sector. i will bring in another idea that does not have anything to do with that. i will try to make you some money. after this. ♪
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♪ charles: boling says it's 777 could be flying commercially within weeks after being cleared by the u.s. regulators on that battery fix. they will test more flights before taking flights with passengers. shares are trading up slightly. samsung unveiled its new phone last night. it allows you to tilt your head and new content on the string. the shares of apple are up today. earlier in the week, a
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billionaire announced he may leave the u.s. for puerto rico for tax reasons. he now says he plans to stay here in america. he is changing his mind. u.s. may send more missiles. it is a serious topic. right after this. ♪ what? custers 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. but maybe the problem isn'isn't your lawn. introducing the all-wheel-drive mower from husqvarna. we engineered its unique drive system and dual transmission
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you some money. think about this, in 1945 there was a guy named sam and his wife anna. they wanted to move to portland. the only way, he took his life savings and gave us u-haul. think about this. how many people in california cannot wait for things to get a little bit better so they can pack things up, get a u-haul and get out of here. this stock is cheap, cheap, cheap. i like u-haul. i think it is at least a $200 stock. let's change track a little bit. the pentagon is boosting its missile defense on the west coast in the wake of nuclear threats in north korea. we have ambassador john bolton on the phone. i have to tell you, almost every time north korea does one of
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these test launches we laugh it off. we are not laughing anymore. >> the original bush missile defense system would have had these 14 launchers the point in 2009. i want to underline they did everything they could to gut the rest of the national missile defense program. why are they now the point them? they are doing something they should have done four years ago. charles: real quick, i am guessing that whole area, we will see an arms race. china, japan, north korea. it is just inevitable. >> it is a very tense region. charles: of course, if that happens, we have to be involved.
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ambassador john bolton, thank you very much. can the average person make any money at the casino? we have the star of mit's black jack team. he is next. ♪ ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... 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.
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charles: time now for a check on the markets. it is impressive. it is down, but not as much as it was before. krispy kreme donuts. taking a hit this morning. what happened, nicole? nicole: you can see the stock is down 8.5% today. they came out with numbers for the quarter that our disappointing. they expect rising costs. they are also looking at the franchises opening. year to date, you said making money with charles, you made 45%. it is a winner for 2013. back to you. charles: i don't want it to go down any day. as you know, it is a fight they that business.
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gambling resorts are popping up all over the united states. can the average person even make money gambling? >> it depends what kind of money you are talking about. it is a game where the casino has an advantage over the person. charles: is and it just more than that advantage. if you go to atlantic city tonight at 2:00 o'clock in the morning, at one point they were up. at one point they were beating the odds. >> yes. the odds are against them for sure. the other things they are saying about legalizing poker, i think people can make money on.
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you are just playing against other people. casino gaming, you cannot really make money on that. we make money because we counted the cards in blackjack. charles: jeff, how do we make money? this is a bill. this is a mind boggling to. how would somebody benefit? >> there is some online stocks. i think they are probably one of the companies that will benefit the most if we legalized in the u.s. they are well-prepared. a lot of these stocks will not be prepared to take advantage of online gambling.
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a company that people have been talking about is zynga and whether or not they will actually benefit from this. they need to come up with something. they have applied for a gaming license in nevada. the dna that they have in creating social games like farmville is very different than the casino game. charles: before i let you go, jeff, all these stocks are we just talked about, do you own any of them? >> no, i do not. we will keep an eye on it. charles: to do gambling mecca of the world. do you not like it or is it overplayed? >> i think it is a little overplayed now in terms of the value. i think it has become the
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hotbed. i think, you know, when you look at stocks, you are looking at opportunities for tremendous growth where other people do not see it. i think that understanding what will happen with this online gambling trend in the u.s. charles: could this be a vegas killer? we know that las vegas has suffered. >> if you think about what has happened in vegas in the last ten-15 years, it has become a lot more than gambling. the last few years, they have had more revenue from non-gambling then they have from gambling. it has seen a lot of trouble in the last few years.
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i do not think the experience of online gambling is like the experience of going to vegas and enjoying yourself there. charles: you do not want to miss this. bernard hopkins. forty-eight years old. overcoming all kinds of diversity. he is the oldest boxer ever to get a title. he is walking down the hall right now. he is called the executioner and he is next. ♪ can your hearing aid do this?
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rule generating controversy considering banning running backs in defenders from lowering heads to initiate
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contact. many like emmitt smith say "the nfl has lost its mind. charles: i agree. we note gambling and sports a and boxing makes big money. the biggest to win the a boxing title and broke his own record. [laughter] welcome to the show. i watched a fight i did not expect you to win this not because of skill but i thought father time would catch up to you. power to keep winning? >> i talked to father time often. [laughter] we have a relationship. strategy, great plan, which renders a condition and me
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mentally ready but the younger guy has the upper hand because of use but is something they have not lived long enough to experience that comes with time. it is a timing issue is undefeated with everybody. so i put to a master plan together to take the younger guy to school. charles: you have become popular because you have a chip on your shoulder. others got the limelight before you but you went to
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prison. >> five years. starting at 17 years old. 1988 by injured society was nine years' probation and i never looked back. charles: as you are leaving the war did said you will wind up back here. >> sorry to cut you off. i never forget that. nine out of 10 he is right unfortunately but what to be different and do different things would have done that i perfected it i lost my first fight trying to do the right thing to testify was sincere do nothing about it
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or try again to 15 months later when i lost to clinton mitchell 15 months to find my way. go left or go wrong. charles: you had a close relationship with your mother and you made a promise to stop fighting and a 40. you are 48 per your not fighting for the many. >> no. i have done a great job learning about saving and told my 14 year-old daughter before spee to learn to save the right way then you will have interest at the end of
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the day. eyelift by that no matter how much you have it is great but if you don't have an understanding year career does not last long been in your life. charles: but use said 100 percent philly. it drips off of you. [laughter] but you move to delaware @%ficials knowing that one day you'd be champion. >> guide to device from my business people and with taxes but the business structure did not suit me. go to las vegas or go to miami. i chose delaware. charles: restarted talking about the deficit -- nfl now
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you have a segue to be a promoter. may be set up a pension system? most of them go broke. >> but they are letting them know the acidifying the rolls-royce, get out of your apartment there is no value to what you pay for tomorrow. yes. we have to be the first company to say you will take -- make money but you have to be smart to keep it. a person can make money by hitting the lottery but if you don't know how to keep
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it that is in the fight starts. charles: i love to before i love you now even more. bernard hopkins. heavy wanted to invest in history? what about fine wine? and next. friday night, buddy. you are gonna need a wingman. and my cash back keeps the party going.
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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. charles: a new number of the
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shows consumer confidence is down below exhortations. looked at the big board doing for nine straight days will be tough to right now it is off 38 points. the national average for a gallon of regular $3.70. oil trades up in "forbes" came up with the most influential at the top is oprah winfrey may be due to lives armstrong a close second is steven spielberg. com we will talk about
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alcohol, history. next.av request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. ...amelia... neil and buzz: for teaching us that y can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. ♪ (train horn)
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vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. charles: the company that operates famous footwear is down. >> they have so many brands and the outlook is weak company offers earnings per share of below with the analysts thought. with your restructuring charges and higher revenue but they beat the st..
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what if some asset graham's our doctor shows comment naturalize search and even some more fashionable brands so these brown shoes don't look good for the of what. charles: walking away from the stocks today. have you thought about investing in history? this is called old monied 12th century bc qualifies. jonathan, what do you have today? >> an amazing 3,000 year old shane dynasty wine vessel. the has the shape of and paul that is very rare it is a great object and i like
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the handle that looks like a rope they would have that originally. this is in the sale next week. charles: this was never functional? >> it was part of a ritual. you can see comparable pieces with a chemical reaction that is nice. charles: why is this so rare? >> of very, very short time span of the shang dynasty they would use these are all shapes. nobody knows why. there is little bit in the history.
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but their brief moment the reduce the shape so people are excited. charles: what are we talking money why is? >> between six and $800,000. charles: has the boom correlated in europe as well? >> also a new generation of chinese collectors buying these vessels. charles: it is beautiful. i get nervous when you bring in the objects. >> with dave by that to sell its? >> probably for their collection. charles: the wealth, the pride they do so well. it is a beautiful piece. charles: boeing's says the dreamliner will be back in
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the air. would you feel comfortable writing this plane? tom sullivan is a pilot. we will ask him. investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. very logical thinker. (laughs) i'm telling you right now, the girl back at home would absolutely not have taken a zip line in the jungle. (screams) i'm reallylad that girl stayed at home. vo: expedia helps 30 million travelers a month find what they're looking for. one traveler at a time. expedia. find yours.
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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 d apply online. creditcards.com.
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charles: boeing's says the 77 could be in the air
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within weeks the battery has been fixed but it will conduct more tests first. would you get on the streamliner after being cleared for takeoff? >> the first flight. >> first of all, there are so many backed up and back ups i am not worried. >> i would rather get on the brand new streamliner they and the 30 year old planes and. [laughter] >> but it has a track record. >> i has been on the 787 the this is a game changer and will take time. boeing's stock has not even suffered stomach with a lithium ion battery there's a lot of controversy if they
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have a problem again airbus was going to come up with the new 350 and they said they would go with the standard battery. >> now carnival cruise experiences major mechanical difficulties. it affects the ceilings speed then it skips the rest of the stops so you fly the plane but really? >> not be all. i am judging that i have never traveled on a cruise ship i don't think they are for me but i have a sister who was loyal to cruising. i think those customers will
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stick with them throughout all of this but they will change brand. i think carnival is a risk. >> i have been on an three or four cruises. but this carnival maintenance issue somebody goes cheap and they have to fix that. charles: think you're right it will buy it the industry but the brand is getting battered. >> now they will get cheap deals. charles: 50% off if you go on 100 they do you are coming. the highlight reel is next.
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this this the highlight reel.
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>> his against people like this. >> charles a. and i by the way. [laughter] we need an intellectual to tell us how to live our lives we're too stupid to do innersoles. >> learn something from the vatican like everybody in the room with 500 year-old plumbing we could get a deal. [laughter] >> you are on the show every single day. i did not know that the. >> i happen to like chicken and collard greens and big macs. that is what i like mr. baer. i am not an idiot. >> but i am fat. [laughter] it is all about making money

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