♪ it's never okay ♪ ♪ ♪ ♪ imus in the morning ♪

>> thursday, april 4th, good morning, everyone. the president takes a 5% pay cut in sympathy with those sequester cuts. cancer drugs cut for some medicare patients and that is blamed on the sequester. but obamacare will hire tens of thousands of high-paid navigators who will guide you through the new health care system. cuts here, spend there, welcome to the health care mess. please don't forget your stocks, the hint that ben may slow down printing, but don't despair, print pressing will keep rolling. "varney & company," we're about to begin. [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor...

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>> but we have to pass the bill so that you can find out what is in it away from the fog of the controversy. stuart: ladies and gentlemen,

the fog, yes, the fog is lifting. and here is another thing we've found in the bill. starting october 1st, tens of thousands of health care professionals, union workers, community activists will act as navigators to help people choose under the different options under obamacare and they will be paid up to $48 an hour, six times the federal minimum wage, it doesn't stop there. under this provision the government will be providing free trancelators for people not fluent in english, no matter what their native language. it's not clear how many and a halfvato half-- navigators will be needed, but 24,000 for california alone. that's new. and speaking of obamacare, bill o'reilly will be joining the company and he says obamacare will bankrupt the country and not just bill o'reilly lined up for you. former reagan economic advisor art laffer, what does he think

about the president's 5% pay cut and dave ramsey is here, what does he think about lowering the standards for loans. and we talk to wayne lapierre, the n.r.a. guy. the market came down on the hint that ben stopped printing money. where will it open today? we'll tell you next. the husqvarna all-wheel-drive mower is here. engineered with a unique drive system and dual transmission. all-wheel traction. all-wheel power. all done. only from husqvarna. challenge the impossible.

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>> minutes from the opening bell. we're expecting maybe a 10-point gain at the opening bell. come in larry levin out of chicago because we've got these rotten employment numbers, 385,000 new jobless claims. i can't believe that ben bernanke is going to quit printing or slow down printing when you've got a number like this. >> i would agree with that. and friday we'll certainly see for sure. but, stuart, yesterday we heard some fed talking and we heard about some of the fed officials saying that they're, you know, they could maybe see this summer being a time when we start pulling back the bond buying programs. the only thing, we've got to see the good numbers and we saw that, and so far we haven't seen the good numbers. >> it wasn't some low level official, it was john williams,

i think the president of the san francisco fed. do you believe it? >> i believe what he's saying, right, because he's putting it on the outlook of the economy and putting jobs in there. if jobs are doing better, yeah, the fed should do that, but there is a question of actually happening and an interesting situation before in the markets where you get a situation where bad news is going to be good news for the market. right, and bad unemployment data is going to drive the market higher and we may see that tomorrow on friday. >> you'll be drown out by the roar, all eyes on wall street because we're up 7 points at the the early going. the here is the story, bad jobs numbers may be negating that the fed will print by this summer or slow down print buying this summer. so we've bounced back a little. not a big bounceback in fact the markets opened flat. we're up 11 points in the early going, let's bring in lauren at the floor of the new york stock

exchange. and talk about microsoft, full disclosure, i own some of it. not good news, it bank of merc downgraded it. >> here is why, they said they had optimism about the foray of windows 8 into smart phones and tablets. guess what, they say that windows 8 lacks momentum and the stock is down nearly 1%. >> back to you in a second. lauren. >> sure. stuart: i'm going to talk about lululemon's chief products officers leaving the company about the see-through pants fiasco. lauren still there. where did it open. >> down 1.5% and rbc cutting the price target, 270 from 80, and also because that chief product officer has been with the company since 2008. she's resigning, we don't know exactly why. speculation is that sheer pants problem is a very big problem.

stuart: and i just don't know whether that's good pr or bad pr from the consumer's point of view. it's probably bad news for profits down the road, but i'm not sure about the look of the see-through pants. hold on a second, let me do this. facebook has got a big announcement today coming up at 1 p.m. eastern to be precise. here is the speculation, what exactly is facebook going to do? many courses point to a new home screen on an android smartphone. in other words, you turn on your smart phone and up pops facebook. do you want that? the announcement comes at one o'clock eastern. netflix, big loser yesterday. time warner is going to start its own streaming service. the direct competitor to netflix, and it's down again, up 1.7% at 166 a share. bring in lauren again. carnival cruise line. can't catch a break. and the triumph at the dock in

alabama drifted into a cargo dock yesterday. and it's the same slip that stranded people in the gulf of mexico. and you're laughing, lauren, i want to know what the stock impact is. >> i shouldn't be laughing, but the problems get worse for carnival and its triumph, where the stock trades is down 1.6% at 3309 now. add to the problems, two weeks ago they canceled ten more cruises aboard the triumph. and the return it service will not happen until early june. and i bet you it goes later than that. stuart: the pr has just been dreadful for carnival. i remember we were talking about it at 36, $37 a share and now it's drpd from when it was adrift in the gulf. 33 on carnival. president obama went to san francisco to attend another fundraiser at the home of the

billionaire environmental activist tom stire. his intention to flight climate change skeptics and he says he's going to destroy these people. while attending the fundraiser the president was greeted by protesters, opposed the keystone pipeline and there were guests at the fun razr. art laffer, let's bring you up-to-date. 385,000 people filing first time unemployment benefits. that's a rotten number, isn't it, arthur? >> it sure is. you know, it's just a -- it's the carnival cruise administration as well. neither one of them can get a break, it's just a disaster going on. this is the worst recovery ever and now you've got the obamacare problems and the other ones and he's out fund raising again? i mean, it just doesn't stop, stuart, it doesn't stop. stuart: bring us up-to-date on the state of the economy. if you've now got 385,000 new

jobless claims, seems to me that any hope of a solid recovery and there was some hope of that earlier this year, looks like it's been dashed. what do you say? >> i don't think there was hope for it earlier this year to be honest with you. i always look at the policies and policies have not changed and if you don't change your policies, how do you expect to get different results? you don't. what you've seen is the worst single recovery in u.s. history, it continues on and on and on and the more we go the more records it breaks being the worst ever. you've got the adp numbers yesterday and the employment numbers, the official ones tomorrow and you have a situation here that's just chugging right along at the bottom of the big tub and it's not getting better. we need new policies, we need a low rate flat tax. we need spending restraint. we need sound money, free trade. mineral regulations, we need to change policy. stuart: art, you're not going to get any of that. you haven't got a prayer of getting any of that for three and a half years, have you.

>> that's not true, it isn't. we've got 30 states we're doing it in. huge amounts of changes going on in the states and some states far left like california, minnesota, connecticut, new york, massachusetts, but the others crazy pro growth, getting rid of right to work. the battle is on. it may not be the federal government changing until four years, but i think the republicans have a huge chance of getting the senate in 2014 because this obama administration is imploding right before our very eyes. and then the white house in 2016. you can see why i'm optimistic about the future for the u.s. stuart: i think the best way toward rapid economic growth in the immediate future would be exploit our own energy, oil, natural gas. >> totally true. stuart: yeah. >> totally true. stuart: yes really take-- jobs would take off, we'd have energy independence and a lot more tax revenue coming in. so why won't the president do it? >> for the same reason he won't

go for lowering tax rates and broaden the tax base. same reason that ben bernanke is printing money all the time. they don't understand the economics. they think it's all social issues and really these things have no effect on the economy and they just don't do it. they're just in the intuitive economists at all. it's very sad because it's hurting the country, but you know, people elected him and people deserve the governments they get. stuart: as you know, on this program just earlier this week, david stockman said that ben bernanke was the most dangerous high level financial official in america's history. what do you say? >> yes. >> you know, i hate to agree with david stockman because i don't like him very much, but he's right. and he's a little overstating the case, but he is right. ben bernanke is causing problems for the next decade and their fed solvency issues and also the excess reserve issues of printing money and getting an increase in the money supply and having inflation coming up and you know, there are ways of getting around this and solving

it, but he's surely not going to do it. stuart: an exasperated art laffer joining us this thursday morning from tennessee, i think, right? the retirement capital of the planets? >> dave ramsey is from tennessee, too, a good friend of mine. he's on your show in a few minutes so you've got a tennessee contingency now. stuart: very powerful contingency i'm telling you. >> thank you, stuart. stuart: it seems every day we get another unintended consequence of obamacare. higher premiums, fewer doctors, more red tape. got it. now at 10:35 we'll talk to the man who says the new law is bankrupting america. and bill o'reilly is joining me and believe me, do not miss this, strong stuff from bill. 7 early movers, first off software maker, compuware says that fourth quarter results will come in way below estimates. that stock is down predictbly, not that much.

1.7%. a federal appeals court stays that pfizer has tt pay for a fls market on he epilepsy drug. dish network pricing a debt offering of 2.3 billion dollars, double the amount it said it would offer a couple of days ago. the stock is dead flat. seismic equipment maker mitchum industries, that stock taking down, again not that much. 1.7%. s&p down grades cheesecake factory, i eat there a lot. nonetheless, the stock is up 34 cents. disney is going to shut its lucas arts games division, no impact at all. a high level for disney. netflix, maybe going to get some competition from time warner which may start its own streaming service, netflix, 164, the big board we're opening m

modestly higher. and 60 seconds what else we have at the got for you. and the man who gave steve jobs his first jobs at atari. and he's going to talk about the job that tim cook is doing. and reminisce what it was like when he was steve job's boss. and we'll talk about the bitcoin the virtual on-line. you wouldn't know we have two examples of big purchases using bitcoins. >> and one town in massachusetts the cradle of the revolution, banning bottled water. we'll take you there live. and the obama administration wants to lower standards for mortgage loans and you can bet that dave ramsey is not happy about it. he is next. announcer: where can an investor be a name and not a number?

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>> is this what happens to japanese stock prices when you start the biggest money printing operation in the country's history? that's what japan has just done. they're going to double the government bond holdings of government bonds in two years flat and up goes japanese stocks, 105 on toyota. our market doing okay. up 47. shy of 14-6, the obama administration wants to make home loans available to people with weaker credit. and they're being left out. and this is red meat for dave ramsey. >> thanks, good to be back. stuart: i know perfectly well you do not approve of weakening the credit standards for home borrowers. >> were we asleep in 2008? did somebody miss what we went

through? we lowered the standards under this auspices that home ownership is good for broke people. hey, listen, i work with broke people all day long, it's what i do. we coach people in trouble financially. what broke people don't need is a house. it becomes a curse, rather than a blessing. this idea that home ownership is a-- is the silver bullet that helps everyone with financial problems is governmental hogwash. stuart: i was going to give you the other side of the coin and give you an argument and i'll try because i think i'm on to a losing proposition here, but look, if you relax the standards just a little, you're not going to have to go back to the liar loans, relax a little more people will buy a house and improve the housing market and the economy and some of those young people who cannot at the moment get into a house, even though they've good reasonably good prospects for the future, they will get into a house and that's socially good and you say what? >> well, i think it's a great premise the way you presented it. but that's not what's actually

happening. what's happening the people that have a great future are getting into a home. we're talk about a 500 fico score with fha lone at 3% interest rate. if they're not in the market now, they're never going to get-- >> i didn't realize they'll lower it to that. a 500 score? >> it's basically a liar loan and inviting people into the market and it's a social program that home ownership will fix your problem. i believe in home ownership, and i don't want broke people to win a home. i want them to get in and then it's a blessing. stuart: i didn't realize 3% down with people with a 500 score. you win. i want to talk about credit card delinquencies. a big drop in the rates and i think we're back to 1994, why are you laughing? >> it's statistical manipulation.

you don't count delinquencies on loans you've put them into default. once i've written them off as bad loans that lowers the dli delinquency loans, and the banks are having to move bad credit card debt off the books so now it's not part of the rates. not because everyone is paying off their debts. stuart: i thought we'd gotten rid of 1.2 trillion of debt. >> it's off the books, but you've got a citibank or bank of america that someone owed $10,000 that went into default. they settle it for $1,000, 10 cents on the dollar or a debt buyer, nickel on the dollar or something like that, the problem is that shows up as not being delinquent when it became bad

debt. stuart: no such thing as good news? >> i like good news, but i don't believe in lying, we're not going to manipulate the statistics. stuart: you straightened me out on two issues, good going. dave ramsey thank you for being with us today. >> always a pleasure. stuart: where are we? i'll tell you 1546, we keep going down on gold. we're off 7 bucks today. a long way from that 1600 mark. it's party time in the obama administration, al green and queen latifah, and queen latifah, a few of the names who will perform at the white house next week. some say bad taste, but it might surprise you. charles payne and liz macdonald are going to give you an argument. here they come. ♪ i said money, money fixes everything ♪

♪ ♪ cry me a river ♪ >> justin timberlake. i believe he played in the band n-sync, is that correct? and he'll be one of the stars performing at the white house soul conference.

the white house initially canceled tours because of the sequester cuts and charles, i think you oppose this concert series on the grounds of hypocrisy, don't you? >> there's hypocrisy and the easter thing and they threatened to cancel that. listen, you know-- >> you're nit-picking. charles: listen, i'm not saying he can't have it. it's just not 100% kosher. stuart: you're dining roomed to criticize the president. charles: there's things a lot better than this to save my criticism for. >> and the white house, the crack of doom about the sequester cuts and now we're hearing "girls just want to have fun" from cyndi lauper. i don't mind concerts, but tone down the initial rhetoric. stuart: and it's-- >> you can get volunteers to help with the easter egg hunt and. stuart: you're sour. >> we're not sour, we're of

realistic. hashtag keeping it real. >> everybody wants to party. stuart: a big new hour of "varney & company" coming up and bill o'reilly is going to join us, why he thinks that obamacare will bankrupt the country. and wayne lapierre has the headlines about the war on guns. guess who is winning that war? interesting. the man behind some of the most famous as seen on tv products ever. he'll be with us new at 10.

stuart: wednesday, april 4. did you catch the healthcare stock rally late monday afternoon? what exactly is insider trading? who is the best paid player in the nfl rusher mark joe fargo. who takes home the most? tony romo. wayne lapierre is here on out. a new hour of varney & company starts right now. ♪ check the new york stock

exchange. the dow industrials big drop today. bouncing back today. we are up 54 points. the bad drop yesterday it was caused by a san francisco official. this morning, we have a lousy jobs report. that maybe means bernanke will keep on printing money. let's see what charles thinks. lou: the idea that the fed would stop printing on he would mean that the economy is back on its feet. stuart: it is not back on its feet. charles: i am not saying that it is. somehow that transition happens between now and the summer, all in all, the last big rallies

that we had to okay we are going to stop printing and raise rates, the market dipped both times. they turned around and the rally lasted either another 40 months or another 70 months. stuart: i say that the dow is up this morning. bernanke will keep on printing. >> i disagree. stuart: you are wrong again. charles: i am one of the few people that is right on this thing. what is the definition of inflation rusher mark too much money chasing too much good. speak to stay out of this. [ laughter ]

stuart: i want to go to war in real fast. japan has just started what i think is the biggest money printing operation in the history. >> again is very weak right now. look at that game. stuart: 105 on toyota. the new man at the back of japan, i think he says he will double his holdings of japanese government bonds in two years. that is printing serious money. >> it is. they need to stoke inflation and get japan out of the rut. stuart: interesting. thank you. we are back well above 14,600.

chances are you miss the big rally in health insurance stocks. it happened late monday afternoon. look at this chart. you can see the spike in chairs. humana, united, aetna, $660 billion went into those insurance stocks. this surge could be a dramatic example of how information drives information on wall street. judge andrew napolitano user. here is my problem. i did not have access to that information. our viewers did not have access to that information. it was only available to a few select people who paid money.

therefore, could you describe it as insider trading? >> out first, kudos for the "wall street journal" for discovering this. yes, you could characterize this as insider trading. it will depend on the facts. it is not unlawful to have possession of this knowledge. it is unlawful to act on insider information to your benefit. stuart: what is insider information? >> that has been characterized in many different ways. information that would be made public, but not yet public. we do not know what these companies know. it is a lobbying group in d.c.

that specializes in anticipating what the government will do. stuart: i think there is a slight error in fact there. these companies pay consultants. those consultants are people that used to work in a specific industry. >> if they extract government information from their friend still in the government and act on it, that would be inside information. charles: that is just it. if someone can prove someone there got a phone call and said, listen, this is what is going to happen. that would be illegal. i told paul to buy magic jack ahead of the earnings. they make 19% ahead of the earnings. i could have been wrong.

these guys could have been wrong. if it is illegal, then it would be unfair. 90% of all information on wall street this week. >> the government gets bigger and political government gets bigger. chuck grassley has told us, economic espionage, political espionage, that is how upset he is. should these players be disclosing to their clients are and what their act committees are? >> the ongoing firm that of the consumer products, whatever, now has another area to try and regulate. this may be the area. and when and how and to what extent does this clinical espionage constitute?

charles: how did they have their epiphany at that precise moment? >> medicare was about to do xy and z and a dance he from it. stuart: it was accurate information. wall street is totally rigged. >> us lovers of the free market believe there should be no such thing. stuart: everyone with think it really is rigged. >> you could react to it however you wanted. he would be looking at his microphone. stuart: where was i? judge, that was very good stuff.

big story. starting in october, tens of thousands of people will start work as healthcare navigators. they will help people choose on all the different options under obamacare. these navigators will make up to $48 an hour. six times the federal animal wage. 21,000 have been requested by the state of california alone. under this provision, the government will provide free translators for people who do not speak english. this really got to me. >> this is proof that the government creates.

they will be working at these rules explaining them for a very long time. you will see that they get to ask, are you registered to vote? stuart: really? community activists will be hired at ease wage levels. charles: absolutely. you have a few narratives here. if someone is making a lot of money on wall street, why can't someone interpreting obamacare be worth $100,000 a year. you have an army. an army of voter registration going on out there. register to vote. we will not tell you what party. stuart: we have to move on. bill o'reilly.

i will say he is the most influential news personality in this country. he will join us later this hour. he does not hold back when it comes to obamacare. he is with us at 10:32 a.m., precisely. wayne lapierre is here. who is winning the war on guns but mark big names, pick stories, all this hour on varney & company. >> they are down more than 1%. time warner is launch a screen name system where they will give you content from the 1920s through the 1990s. time warner shares go up by the, stuart, are up. hitting and annual high.

stuart: thank you very much. nolan bushnell is with us now. you have a new book out. it is called the finding the new steve jobs. i am told that he did not take a shower very often. he was a contemptuous of guy. >> i never knew anything about the acid. [ laughter ] >> there was a lot of odiferous things going on. stuart: really? >> he had massive talent. you look for passion. steve had one speed. always on. that is what i look for.

there are things in the book that tell you how you can identify truly creative people, not just posers. there are a lot of geniuses out there. most corporations right now have anti-bodies that reject really innovative ideas. stuart: you have to. i do not want some radical taking over the traces who are working for me. i do not want that. >> then you will end up with a mediocre company. you will no it really likely. stuart: that is true. how many steve jobs like

characters have worked for you and your time? >> 30 or 40. stuart: really? >> they have not gone on like steve jobs. it is pretty hard to top apple. stuart: that is what the book is all about. finding the next one. you remember him really well. >> yes. we maintained a really long relationship. we were both ryan and sort of -- stuart: did he talk to you like a normal human being? >> yes. my wife wanted me to be more like him. [ laughter ] stuart: what a pleasure. thank you. i hope the book does well for you. >> i think it will help america and the world.

stuart: how much is it? >> $10. stuart: a bargain, i say. i may not know a lot about football, but i know a lot about money and taxes. tony romo gets more take-home pay than anyone. i will tell you about that next. ♪ in today's markets, a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price --

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♪ stuart: samsung announced it will open nearly 1500 experience jobs. inside best buy stores. samsung's latest attempt to beat apple in the smart phone game. a look at walgreens. taking in the doctors as it expands. treating chronic illnesses like diabetes, asthma, high blood pressure through walgreens. how about that. the stock is up. jimmy fallon will replace jay leno. they will pay him $15 million to bow out early.

a nice termination pay. tony romo, money, football, might take next. ♪

♪ >> this is a voluntary decentralized currency. it cannot be shut down by anyone. there is no central service. people are getting tired of these central banks. stuart: i give my real dollars

and establish a virtual currency account. that is how it works. i can use my virtual currency to buy anything i want online, including guns, drugs or anything else. you got the picture? we have a couple incidents where people do actually buy things online here i have a father and son from austin, texas. a canadian man listed his two-bedroom bungalow online. he is asking $400,000 or -- did coins. you like this, charles? charles: i am intrigued by it. the big story is they will be the ultimate store of value. they will make a limited amount

of them. ultimately, one could be worth $1 million. stuart: okay. haven't some people lost their cooling accounts by being hacked? charles: the accounts are not lost. the site was shut down temporarily. it is worth $100. it is up and down pretty volatile. pretty crazy stuff. i think it is ultimately pretty intriguing. i think it is something we need to watch. it could be the wave of the future. >> watch out for the government. they do not like this internet money. stuart: why don't they just buy

gold? neil: your name is not attached to it. you can go buy things. i will not go buy a car with a gold brick tomorrow. you can actually do day-to-day exchanges with it. it is a value that they think is better than any fiat paper currency out there be to we better follow it. charles: absolutely. you have to be intrigued. stuart: you are like bill o'reilly. charles: i am an artist. i am learning. stuart: i am in the the corner here. we have been waiting all week. facebook's big announcement. all it be a new phone? we have somebody who thinks she knows what the facebook

announcement will be. the announcement is at 1:00 o'clock. our person arrives at 10:26 a.m. precisely this morning. got it. stuart: i do not talk much about football. if you do not know what you are talking about, keep quiet. i know a lot about taxation. today, we will combine the two. tony romo is a quarterback. he is the fifth highest paid player in the league. after taxes, he takes home the most. he plays in texas where there is no state income tax. the way you play makes a huge difference for your money in the nfl. it has become the great tax divide. low tax states with growing

economies. texas versus california. the classic matchup. there is no state income tax in texas. that is why romo take-home pay is so much higher than a player in california. there is a lesson here for president obama. low taxes produce growth and prosperity. joe flacco is the highest paid player. he plays for baltimore. good as he is, he makes less than romo in texas. time to move, joe. ♪

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♪ stuart: the dow was over 50, now it is lower. >> a new lifetime high. it is the number one performer on the dow jones. mcdonald up over 1%.

goldman sachs coming out with positive comments. mcdonald's has a new menu. they do 40% of their business in europe which is obviously struggling right now. they are doing better than some of their peers in the fast food group. stuart: thank you very much, indeed we are just a few hours away from facebook announcement. joining us now is chris ruby. what is this home on android? what will they say at 1:00 o'clock? >> it will be the launch of a new facebook mobile phone. stuart: what does that mean? >> and entire phone based on the android platform. essentially got a new platform. facebook will be blacking it. stuart: a new platform? i do not get it.

tell me. >> facebook is backing it. it is no longer just going to be an app on an iphone, for example. it will be an entire ecosystem. stuart: up pops the facebook page right from the get-go. then i could use from what i want. that will be popular. >> i think it will be popular. in this whole smart phone did, what is happening is apple is cool, the facebook phone will be cool, apple, samsung, blackberry, what will be cool? stuart: you think it will be a winner? >> i do. people check facebook 15 times a day. >> facebook has to make money off of ads.

how will they get over that hurdle of not knowing facebook users of ads not on their phone. >> i think they have to find a balance. people are getting bothered by the intrusive ads. b2 we spend a lot of time on this program talking about what is cool in high-tech. we agree that apple has lost a lot of its cool. is facebook still cool? >> facebook is still cool. 75% of facebook users check their page within an hour of waking up. >> it is so cool with teenagers? >> it is. duck climbing with coolness right now is apple.

it is so readily available. with rumors coming out that apple will be releasing an iphone that could significantly less expensive than the current iphone. stuart: that is not good? >> it is not good. it will make it readily available. that is not what steve jobs wanted. it will be a decline in the coolness factor. stuart: one last thing. if they come out with this announcement, as you suggest, if i had a smart phone, i turn it on and up comes facebook, my facebook account, that is what you think they will announce. i do not understand it. >> you have to buy in htc phone to get the facebook on to that

phone. that is what the reports are saying. stuart: if they do what you think they will do, i will see facebook pop-up on my smart phone? >> yes. stuart: i think i understand that one. now, i got it. thank you very much. after the break, a man who needs no introduction at all. his name is bill o'reilly. he will talk about obamacare. he says it will bankrupt the country. he is next. ♪ with the spark miles card from capital one, bjorn earns unlimited rewas for his small business take theseags to room 12 please. [ garth ] bjors small busiss earns double miles on every purchase every day. produce delivery. [ bjorn ] just put it on my spark card. [ garth why settle for less?

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[ 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. ♪ spew my next guest is the best selling author. i am going to say he is the most influential news personality in the country. he does not hold back when it comes to obamacare. he says it will bankrupt america. bill o'reilly is joining us by phone. >> thank you, stuart. stuart: i listen or watch to you every single day. you say obamacare bankrupt america. >> there is a report out today from "time" magazine liberal

writer. it basically says small business was promised once obamacare became law. they would have a bunch of options. as far as your insurance and employees. those options are not there. the government has not done anything to. they lead the execution of the theory of his minions who blow it. that is why the economy has not improved. he sold the theory that massive government stimulus will lead to more job creation in america.

it will lead to lower insurance costs for everybody. not going to happen. in fact, the opposite will happen. i am a small business owner. my insurance coverage in the last two years has risen 38%. i do not expect that to stop. it will keep rising. stuart: you are right. this is happening. the cost of health insurance and health care it sells is going straight up. >> sure. you will have it keep going up. the fewer you have, of course they will charge more. stuart: the senate voted overwhelmingly to repeal that medical device packs. they will delay the imposition of the rules.

there seems to be a rowboat in the con about paying for the medicare advantage program. >> i think the whole thing is in trouble. they still have some time to organize and make it clear what the responsibilities will be. i do not know if we are quite there yet. they are big on liberal theory.

spew under obamacare, they will hire tens of thousands of so-called navigators. these are people that will let you find your way through the new obamacare health care system. some of them will be paid up to $48 an hour. we will hire tens of thousands of them. i guess that comes out of the taxation. it is impossible. >> the federal government will pay these people to advise? stuart: it will be a mix of federal and state governments. afford you alone will hire 21,000 navigators. >> they don't have any money in

california. stuart: the cost will be lit between the feds and the state government, i presume. charles: these are just guidelines. the statement will be responsible. stuart: you heard back, bill. last word to you. >> who will supervise navigators? stuart: well said. [ laughter ] >> they can say, i put in 30 hours a week advising mary and who is going to say they did or did not. stuart: bill o'reilly. i know you are pressed for time. weber joining us. appreciate it. the national debate on gun control is not going away. after the break, the nra's wayne lapierre. ♪ [ shapiro ] at legalzoom, you can take care of virtually

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♪ stuart: it has been an avalanche of bad publicity for carnival cruise lines. that same ship that was stranded in the golf four days broke loose yesterday at a shipyard in alabama. now a worker is missing in the water. shares now down to $32 a share. lulu lemon chief is there stepping down. lulu lemon stock is off today. 2% higher. we hear facebook's big

announcement later today. big speculation about what will come. shares of facebook are up at the moment. coming up, wayne lapierre on the nation divided on guns. who is really winning in this gun control argument? ♪

stuart: it is that time when charles tries to make us some money. this time it is with with natural resources. charles: they have been hammered for a long time. this is a stock that i think one analyst has a $10 price target on. half of wall street hates it, half of wall street likes it. i think it is oversold. i think it can be a $25-$30 stock. china's economy is expanding robustly all over again. charles: i think the stock is oversold. stuart: we got you, charles.

take a look at this headline from today. it is for the "wall street journal." pro gun laws gained ground. very interesting. joining us now is wayne lapierre. welcome back to the program. i was surprised when i looked at that headline. after that event in connecticut late last year, i thought it was towards far more gun control. a repression of the gun issue, if you like. this headline tells me it may be going in the other way. >> well, i think what you see is people around the country sees through all of this. they really do see how little this has to do with keeping our schools safe, our kids safe and how much it has to do with this decades long agenda to just ban firearms and put more

restrictions on the honest people. stuart: can you tell me where things stand in the senate? what is the status? >> at some point, i guess it will come. the problem with what they are proposing is all these restrictions will choir the criminals co-option. criminals are not going to go, hey, let's go down to the police station and say, let's fill out some forms and pay a fee and pay some taxes and put our name on a list. this check that they are talking about, it will only be honest people. stuart: a poll that i this that 90% of people, do you favor universal background checks, 90%

of people say, yes, we do. clearly, there is no such support when it comes to the votes in congress. >> they understand that the number, the whole thing is a dishonest premise. it is not universal. criminals will not do it. the criminal health records will not be in the system. we have supported that. it is supposed to be fair, accurate, it is not. if we are going to concentrate on something 99.9% of the people

that go through it are honest people. we ought to make it fair and accurate. stuart: i am terribly sorry. as usual, i am out of time. we always appreciate you being with us. thank you, sir. they are some of the most recognizable info commercials out there. running for hours and hours during late-night tv. do not laugh. it is a multibillion-dollar business. after the break, we talked to the inventor of this. ♪ clap on, clap off, clap on, clap off ♪ >> just plug in the clapper.

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stuart: they have helped build the infomercial industry. not bad. we have the inventor of some of those products.

he is with us today. many thanks. it is great to see you. you are a legend. here is the challenge. i believe your new product is these chiapet seats. i will give you 30 seconds to sell me. >> when i bought the chiapet from a gentleman about 35 years ago, he told me they used the seats as a superfood. one ear and out the other. about eight years ago, it appears in health food stores. the cleveland clinic did research on it. they found that it is literally a superfood. it has more omega-3 band fish oil. like four times as not. it is a superfood.

stuart: how much for that? >> this would be somebody for a whole month. it will go anywhere from 1495 to $60.95. we are not a direct response company. i was wondering we are here. stuart: where did you make the most money? the chiapet or the clapper? >> the chiapet came first and the clapper came second. each is a story of itself.

stuart: that was very good. i am not sure i am convinced, but it was very interesting. >> why don't you try it. then you will be convinced. stuart: thanks a lot. you are a legend. thank you. the highlight reel is next. ♪

stuart: the highlight reel. we have it ready. you do not, crossed steve jobs in your average middle of work. >> the problem is many, most corporations right now have anti-bodies that reject really innovative ideas. stuart: his judgment is