tv Varney Company FOX Business May 20, 2013 9:20am-11:01am EDT
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>> scandal, not going away. the media turned down right hostile, tough times for president obama. but, wall street rolls on, yes, it's going to be an another very big week. good monday morning, everyone. here is your scandal update. both the senate and the house update the irs and lois learner will be questioned. she targeted conservatives, did she also protect liberals? >> for once, the media isn't buying the obama line, and cbs, bob schieffer goes after the top political name, on wall street, scandal equals gridlock, equals rally and we are getting the dow 1600 graphic ready and "varney & company," yeah, monday morning, we're about to begin.
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>> let's start with this. deadly tornados tore through the midwest and the pictures tell the story, do they not? and at times destroyed the systems from texas to minnesota. the twisters are frightening and forecasters are predicting more of the same weather for the area today. our thoughts are with you. the irs scandal remains front and center this week, two hearings, senate finance committee tomorrow and house oversight on wednesday, the day when lois learner will testify. she is the person in charge for the tax exempt office. here is the question, did she target conservatives? y yes, we know she did, she apologized, but did she also protect liberals? the daily caller has the story. for three years, one asked why the humane society is tax exempt. 148 million in 2010 alone, 99%
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of that money went to a washington lobbying effort. less than 1% went to the animal shelters that you see advertised on tv. miss learner is an active member. did she protect a liberal group while targeting conservatives? we're talking about that throughout the program today, this monday morning. all right, now, look at this, gold and silver tumbling. are we headed all the way down to $1,000 bucks on gold? we're on that story, obviously, and we're on media watch, too, could it be the scandals have turned the establishment against the president? look at this. >> this is aggressively as anyone who has ever held it, at other times, he seems unacquainted with the work of his own administration. all stations come over to mission a foa final go.
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>> right out of the box on monday morning, i'm going to test my theory on dan, who joins us from chicago. welcome back, i say scandal equals gridlock and that's part of the reason for the stock market rally, because if you can't do anything in d.c., can't upset the apple cart. do i have a reasonable point here or what? >> well, i guess to an extent, but, you know, the scandal is
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certainly equal to the gridlock and we've had a rally and that's going on all along. what i pose to you, stuart, what if we didn't have gridlock and congress and the president. would it go up more? >> no, no, you answer the question, if we didn't have gridlock, if the president had free rein to do what he likes, would it go up or down? >> i think you'd let-- or there'd be more certainty in the market and it would go up. stuart: really, it would go up anyway and you're in the club, stocks want momentum and not done yet. >> i don't think the market is paying attention to what is going on in washington right now. if it gets much more serious then we're going to have some different questions to ask him a little bit. stuart: last one, would you be buying or selling gold today at 1300 an ounce? >> i've never been a began of
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gold, i'd be selling, over a long-term horizon, it's going down. stuart: you don't agree with my basic theory, but you're a welcome guest. thank you, dan. the opening bell about to start ringing monday morning. [bell ringing] i've seen a narrowing of the indicators. and we were looking for maybe a 2-point loss. and the close out on friday, we're at 15,345 with the dow dropping just 10 points in the early going. so fractionally lower in the early going. let's keep an eye on that one. i've got to tell you, after four months on the ground. boeing's 787 dreamliner will be flying a u.s. commercial route today and it's back in the air. and all right, nicole, have we
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we're down in the first minute half of business and that's not a pullback. nnver mind powerball. how would you like it it if it were 250 million bucks, yahoo! is paying for the blogging site tumblr. yahoo! stock has gone straight up. at 26 and so why did she pay all of that money for a company that makes it easier for you to set
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up your own blog and enrich a 26-year-old? one of our tech gurus will answer that question a little later. but tumblr, and yahoo! very much in the the news. and look at shah gilani is here and silver is at 21 and silvgol- a whopping selloff, why? >> and i think this morning, a huge seller in the asian market. stuart: was that a central bank or-- >> no, individuals and individual investors and about 3000 contracts. and it's a very thin market and move down. the same thing in april, we saw the overnight selling and moving down in the futures markets and the buyers come in and say there's nobody really there, they start to sell and there's no position to take because they're afraid there's more overhead selling going on.
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so, it's really a function of almost a manipulation of the trading in weak markets and so, i don't trust the down trend. i think there's maybe more to go. but gold down here is a great buy and 1200, 1100 all day long. >> very interesting. now, shah has brought with him a stock that he wants to recommend and i was intrigued to find this particular stock is home loan servicing solutions. it's got a 10% yield, 10% dividend yield and shah gilani says that's pretty safe the of the let's get into this. home loan servicing solution i'd he love a 10% dividend yield. is it safe with this company? >> it seems as long as the housing industry continues to, i guess, base -- i don't know that it's really moving forward in terms of what we hope it to be long-term, but basing it looks pretty good right now. as long as that continues, as long as mortgage holders are paying the interest on their mortgage and as long as they are not going into foreclosure, as long as they're not defaulting,
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then the servicers are receiving about 1/2 a percent of that interest income. >> and passed through. >> it's being passed through to the investors, hls. >> i don't own it, but we've done well with it and we're going to re-enter it. >> i'm fascinated. everybody is is looking for a 10% yield that's safe. stay right there. i've got other business to attend to here. we look at gas prices, making real news today and steadily on the rise. look at this, the national average for regular, 3.65, a little overnight. up about 15 cents from the low. the news is that six states in the lower 48 are now in the $4 club. refinery closures in the upmidwest is adding to the pain at the pump. to nicole, we've got another dow stock that's making headlines and that's caterpillar, what have you got on that. >> global sales, down, down 9% in three months until the end of april.
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north american sales down 18%, which is even worse than the global numbers. so, obviously, i know that you always say when you get get it, the numbers are not that great. >> now, everybody knows i own some microsoft stock and i had a wonderful week last week and i think you've got news this morning, down 4 cents, what's the news? >> well, we like to tell you ahead of the event, tomorrow is the new unveiling of the new xbox, we've been talking about it for so long, right? tomorrow's actually the day that we're going to really get some more details on it, and we'll see what's under the hood of the latest video game console. they said they've been working on it for quite some time for many years to keep the machine cool in the age of smart phones and tablets and the xbox debuted back in 2005 and this is just the latest version and i know everybody is waiting for this. this will be on the holiday list and i'm sure of it because i know it's going to be on my kids' list.
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stuart: it could be buy on the news, look at the speculation, and make sure it doesn't happen with me. appreciate it. and we may find out during this program who won the big powerball jackpot, we will have a name and face maybe during the show. the winning ticket, $590 million jackpot, it was sold in florida. we all know that. the lump sum payment if the winner elects for a lump sum, $280 million after taxes and shah gilani is here, 280 million dollars you're in a florida presumably a millionaire already and how would you invest it. >> the risk on trade, and dance until the music stops. stuart: really? >> momentum players are piling on and the institutions are behind and playing catchup and the short sellers are constantly in fear, they get hammered again and again and market goes higher
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and that's the strayed. go with the flow. stuart: with 280 million, you can spread it around, you can buy some real he estate. >> you should be diversifying, obviously, into some gold and i think that silver is going to be timed as well. >> how much of those. >> 280 million, how much would you put right into stocks? >> i'd probably immediately put 50% into stocks and be tight with my support levels in terms of where i want out. we haven't had a correction, i think there's one and we don't know. it might be next week, it might be ten years. >> if i put 280 into hls they'd pay me $28 million a year in dividends. and pay 43% in taxes, but nonetheless, i'm in florida. shah gilani, thank you for joining us. now, i've got your 7 early movers, start with ge, ge capital is going to pay ge more
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and accenture, the world's largest consulting firm, and that stock of course, straight up. 116%, now, that's a rally, is it not? >> and then you've got the discounty airline, ryanair, you pay to go to the bathroom. it sees profit growth slowing this year, doesn't matter, it's up 7%, and 25 cents to use the bathroom, it adds up. strong growth and upbeat outlook at campbell soup. up 1% and a jeffries analyst, does it make any difference here? a jeffries analyst lowered his rating and the price target for bed, bath and beyond, down 1%. and back to boeing, please. after 123 days of grounding. boeing dreamliner takes off. we're on $100 a share watch. by the way. to the big board, we're 8 minutes into the session and we
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are down 13. and i call that a flat to ever so slightly lower opening. time is money, 30 seconds, here is what else we've got for you, look at this. and questions about the role of the irs in obamacare, do they he have access to your health information? we are going to nail down an answer on that one, believe me, we'll have an answer. and "star trek," didn't make as much money, a lot of people thought it would. is the franchise finally losing steam five decades after i first watched it way back when? a sign of the times, when he asked to choose between staying green or building a pipeline to create jobs, voters in ubergreen british columbia, canada chose jobs. can you believe that? they did. jobs, build the pipeline, that's a good story. check the price of oil, speaking of pipelines, we're down at $95 a barrel this morning. and we've got new revelations about a woman in charge of the irs tax exempt office, we're talking about that next, plus,
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is the media finally turning on the president? the answer seems to be yes. watch this. >> this is no disrespect to you. why are you here today? why isn't the white house chief of staff here to tell us what happened? (announcer) at scottrade, ourct exactly how they want. with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everi'm with scottrade.e. (announcer) scottrade. awarded five-stars from smartmoney magazine.
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>> 14 minutes into a monday morning trading session, we're down 18 points, that's not the much of a pullback, is it? i've got another example of the media turning from president obama, listen to bob schieffer. >> other times he seems unacquainted with the work of his own administration. is this president out of touch? >> you know, it got the a lot tougher than that actually. he was rather testy with the chief political aide to the
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president. eric bolling is here, do you think this is it, eric? >> are you talking about, why are you here? where are the policy guys? you're just a communication guy? the morning media we do things with "the five" and dana perino points out that's a communications guy not a policy guy. where are the policy guys? i asked her and one of two things happened they either didn't want to press for the sunday talk shows or trying to stay underneath the radar. my guess would be the latter. stuart: yes, why didn't ary of clinton appear instead of susan rice. >> oh, susan rice back then. how about now, the three scandals that are brewing and who do we get? we get dan pfeiffer who says the things he says, it's irrelevant, the g.o.p. owes susan rice an apology, that guy, throwing talking points out there. i would like to see a policy person there, too. and see someone who was in the room when they're making the decisions on some of the things that are popping now, the ap
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scandal, the irs scandal, and who was changing the talking points in benghazi, honestly, can i correct myself? sorry. stuart: yeah. >> it doesn't matter who changed the talking points, whoever changed the talking points is important to a the lot of media people, but all it's going to do is say, president obama's legacy was affected because of this. what matters was who said stand down with two more americans, two americans died somewhere around 10 p.m., benghazi time, and two more americans died everyone hours later, in between there there was ordered a stand down for help. and the person that made that stand down orders needs to come forward. stuart: we're a financial program and we know that. so is it possible that these ongoing investigations and they're going to be all the way through the summer, i can't see this going away. does that create gridlock and is that one of the reasons for the rally on wall street? and the theory? >> no, the reason for the rally on wall street is what i've been saying for the better part of a year now, stuart varney and you and i argued for this the better
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part of the year and the market is going up and things are getting better in spite of president obama's policy and not because of it and gold will continue to go down, like we have been talking about, and stocks will continue as long as they prime the pump and keep adding 85 billion dollars a month to the various markets and more, and so, of course, stocks are going to go up, but real estate goes up, construction comes back and unemployment goes down and that's the way it plays out. stuart: is that -- that's your story and you're sticking to it. okay. one last one. >> yeah. stuart: the head of the irs tax exempt division, lois learner. she's going to face congressional inquiry on wednesday, she attacked republicans and attacked conservatives, we know that, but do you think that the other side of the coin is valid, that she actually protected liberals, specifically with this humane society? >> clearly, clearly did. i mean, she's the one who admitted to the targeting of conservative groups and something also, the--
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some publication has a smoking gun with lois learner and apparently on a march 31st, i believe, of 2010 there was a visit from an anti-tea party group, literally in their name, anti-tea party group. and it's in the white house log, they visited the white house the very next day, april 1st and april 2nd, some of this policy stuff that lois learner talks about gets put into play and she testifies to it or at mitts to it on april 1st or april 2nd date. check the white house log with the anti-tea party going. aen we're looking for smoking guns, we might have just found one. stuart: and that really is very interesting. >> and she really beyond, removing herself from the obama administration, because-- >> anti-tea party was in the white house. >> the day before some of this policy stuff went down. stuart: eric bolling, thank you very much indeed, sir. time for the gold reports, you've seen it ago, have another look the at it, up 9 bucks at 1355. are we dropping a few things in the studio?
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>> boy, this one came as a surprise to me, we got a new report and shows that college enrollment dropped, dropped more than 2% this spring. and we have this, new york city mayor bloomberg suggests that others should do the same thing. here is what he said. compare a plumber to going to harvard. being a plumber actually for the average person, probably would be a better deal. you know, charles, he's agreeing with that basic premise that college isn't always worth it, that's what he's saying. >> i know, i have a hard time with guys who went to college and say, everyone shouldn't go to college. people own one or two homes and saying everyone shouldn't own a home. i'm starting to feel like william shockley, who is going to decide who is going to have kids and not going to have kids
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based on where you live. this is a dangerous path. we should be be promoting excellence. it's not just about what you make, it's what you become. knowledge is amazing, you don't have to make a million dollars a year, and we have a lot of dummies walking with their head in the sand. >> is the price with the access to the knowledge out of line? >> i think it's invaluable, personally, on a different level, but as far as, now, if you're talking about an investment, i think it's phenomenal. i mean, we're going to a knowledge-based economy and we've got 2 million jobs begging, bringing in people from india and china to get the best jobs in america. i think it's a dangerous line. who should be a plumber, give me who it is, is it the people that the police happen to be targeting on your program, should they be plumbers? who should be a plumber in this country? mayor bloomberg, you tell me while you are a billionaire
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based on a knowledge-based technology that couldn't have come from being a plumber. >> okay, the other side of the coin, is it worth it going to college to get a degree in liberal arts, for example and emerging with a $80,000-- >> economically. there's a place in the building they sell foods and salads, lucy. this week she's going to get her nursing degree, i love lucie and she's living the american dream. didn't become a victim and didn't cry about her circumstances in life and i'd rather see bloomberg pushing that mentality. we can't all be plumbers. stuart: i'm not going to argue with you. lucy, i hope-- a good example, a very, very good example. that's america. congress isn't done with the irs, and now, is the senate's turn and they will be grilling two irs commissioners. and a senator isaacson is one of the committee members?
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the top guy at the irs says he was not aware of political targeting. we have the senator, we ask him directly is he telling the truth? will the irs have access to your medical records? the irs says no. having read the bill says oh, yes, they do. tumblr, which yahoo is buying. after 50 years is the "star trek" brand was in the pulling power? let's get right to the irs scandal, the top guy at the irs says he was not aware of political targeting.
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republican from georgia. we asked him point-blank, will you tell him the truth? >> we will have to ask him if you knew, if you did something, what did you do, the who, what, where for these to testify. stuart: what you're looking for is any connection of any kind, a memo, e-mail, phone message, a meeting, and the texts and office and obama campaign. >> i don't believe it is just low-level irs personnel, i cannot believe the irs did not know, at times they should have known and didn't put a stop to it. we have to follow the trail wherever it leads us. stuart: how far will this take? >> he was saying the
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ministration will be totally cooperative, if they are totally cooperative and the agency's cooperative, if we do our work in the house and senate, it should not take a long period of time. i'm going to reserve my judgment pro or con until i have testified for a silly cement finance committee. stuart: who else do you have smile the senate? >> allegedly during his watch, it came to light the targeting was going on, turned his watch nothing took place, if that is true, if he didn't know, we had to know that. if he did know, we have to know that. stuart: when do you start tomorrow? >> 10:00 a.m. with bells on. stuart: think you for joining us, we do appreciate it. more on the irs scandal, big deal or republican witchhunt? i will bring it up to marsha
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blackburn later this hour. 32 minutes in, we have minus 15 on the dow. that is not much of a pullback, is it? what is going on, nicole? nicole: pandora with an off arrow this morning certainly a winter up 1.3%. that is helping them along and obviously they are very competitive in the radio world. stuart: i want to keep an eye on boeing. they have first commercial flight in america, the dreamliner.dead flat. looking for that hunger, see what we do there. charles: bowling has one competitor in the whole world. it is an amazing business to be in. it goes past 100.
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this is one of those stocks, boeing, mcdonald, nike, ibm, you never sell. stuart: buy-and-hold from charles payne? joining us now, our foremost authority on obamacare. at the irs hearing, fired off several questions about obamacare to oust directly stephen miller. i want your answers to him. >> the irs can't access your medical files, is that true, mr. miller? >> correct, serbia to stuart: the irs cannot access your medical file. you say? >> advocates, privacy advocates all the way to the far right agree there are not enough barriers to prevent from
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accessing your medical records, they have your carrier and your policy number. stuart: they are not supposed to leap over. but they can do that. >> i think it is a very legitimate concern. he has deceived congress before. told last may about the targeting of conservative groups and yet in july he misled congress about that. stuart: i hope i never cross you. >> they cannot find out your private medical information. >> that is correct, sir. >> insufficient corrections in this law. it is the president as well, touting the resignation of miller and the other top irs commissioner but he did not tell you american people that the irs predator has now become that
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person. stuart: the heavy carrier name and the policy number. who says notes the irs? i want to see real barriers, and they are not here. >> their job is to simply collect financial information on which a determination is made as to which somebody can get a subsidy for their premiums, is that correct? stuart: that is all. speak of a responsible for part of your premium directly to the insurance company, and we know the irs delays, that is how they target their political enemies.
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so if you have an insurance pl plan, and the irs and the treasury delayed their part of your premium, your insurance company can stop paying your doctor and your hospital. what if they are dealing with cancer? speaker there is a very simple question that was raised here. does the irs, can the irs have access to my personal medical history? >> in my judgment they can. they have failed to provide the privacy protections despite many demands from privacy advocates. when they announced their latest rules in january they said if you want privacy, pay cash. that is what they said. you can deny the irs knowledge of your carrier and policy number.
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hold back the information from the irs. you know the irs is intimidating and dishonest. i have a record of that. stuart: you're giving advice i cannot take. >> for the lawmakers can take it. stuart: they will not be asking how much i paid to that insurance carrier, what will they want to know on my form next year? >> if you have a baby, you break up with your spouse, if you lose your job, all of that has to be conveyed to the irs right now. after this goes into effect every month you have to think do i have to tell the irs about this because it will change my premium.
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if the treasury pays the wrong premium amount you may be hit with a penalty because you weren't charged the right amount. you have to keep the irs informed about your life. that is outrageous. stuart: thank you very much, indeed. that is extraordinary stuff, thank you. nicole, what is going on with campbell soup? nicole: there has got to be something in campbell soup. right now down three quarters of 1%. the stock is at highs we have not seen since 1999. i saw it went all the way back, they came out with quarterly earnings, raised the full-year forecast because of improved sales, the world's largest soup maker, but they also have prego pasta sauce, pepperidge farm cookies. and saw a growth abroad here at
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home especially. the drink business was a little weak but overall they really did well. stuart: thank you, indeed. the dow jones industrial average coming back a bittonly down seven points. i am just wondering. charles: this is a script we have seen, this is a soap opera. stuart: most days last week we saw the dow open flat to lower and bounce up and set a record high. charles: it is always been said the rookies are the ones who tried the first 30 minutes. stuart: the dow down eight. the founder of tumblr will be a rich man after a billion dollars. why would yahoo by a blogging
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site? an answer next. i'm so glad you call. thank you. we're not in london, are we? no. why? apparently my debit card is. what? i know. don't worry, we have cancelled your old card. great. thank you. in addition to us monitoring your accounts for unusual activity, you could also set up free account alerts. okay. [ female announcer ] at wells fargo we're working around the clock to help protect your money and financial information. here's your temporary card. welcome back. how was london? [ female announcer ] when people talk, great things happen.
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[ female announcer ] when people talk, are you still sleeping? just wanted to che and make sure that we were onchedule. the first technology of its kind... mom and dad, i have great news. is now providing answers families need. stuart: 787 dreamliner back in the air in america in less than an hour. they had better problems, united
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flight from houston to chicago, stock down $0.20. yahoo approved $1.1 billion oil cash deal to buy tumblr. the new chief is hoping tumblr will bring a younger audience to yahoo. the founder and chief is just 26 years old. we're still waiting to find out who won the $590 million powerball jackpot saturday. lump sum cash worth about 376 million before taxes. coming up, more on the billion dollars tumblr deal, what is that all about? interesting stuff, we're on it next. ♪
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[ gent sth ] i've found software that intrigues me. it appears it's an agent of good. ♪ [ agent smith ] ge software connects patients to nurses to the right machines while dramatically reducing waiting time. [ telephone ringing ] now a waiting room is just a room. [ static warbles ] how old is the oldest person you've known? we gave people a sticker and had them show us. we learnea lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed much is the official retirement age.
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♪ the queion is how do you make sure you have the money you need to enjoy all of these years. ♪ stuart: you know, a story of john mcafee gets stranger and stranger. his home burned down last week on the circumstances he calls suspicious. he knows a thing or two about being suspicious. member he may news as a murder suspect. eventually settled in the u.s. and portland. yahoo bought tumblr for $1.1 billion. 26 years old, he will stay on as ceo, but he is a very rich man right now.
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give me a thumbnail sketch, what does tumblr do? >> tumblr is easiest to use blogging sites out there. stuart: if i wanted to start a blog, i would go to tumblr? >> it is the most popular competing with google and others. stuart: what are they offering? thethereby more than anything ee 300 million people using this. if you're a company like yahoo, it really sway the public perception of who yahoo is as a company. charles: public perception being young and hip, which matters most and can they get their money back. >> yahoo is an interesting company with an incredible
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amount of money in the bank. more than $5 billion. that is a lot of money. that is incredible amount of money. stuart: maybe says more about yahoo than it does tumblr. charles: it shows they are willing to take risks, and wall street likes that. some common, but at least he's willing to take risks. they bid the stock up under no real fundamental change since he has been there. stuart: today having 1.1 billion, per the agreement and our promise not to screw it up, tumblr will be independently operated as a separate business. they will not screw this thing up.
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>> given the history of acquiring business, you cannot mess with something like tumblr. stuart: you don't make any money. 300 million active users, so what. they are not paying anything, are they? >> almost no advertising, tumblr doesn't make a lot of money. i don't think they make anything frankly so you have to take those users, just a few ads here or there, and over time transforming that model into something different. stuart: 26 years old, what do you make of him? 250 million out of this deal. >> high school dropout which i think the best statement for us in general. we have to go to high school and college. charles: it gets back to my
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point he embraces knowledge. we are a knowledge-based economy and people aren't ready for it. >> you have big ideas and some great ideas. stuart: approving on the tumblr side and the yahoo site. >> it'l it will be interesting e what happens. i am fascinated. stuart: thank you very much. remember all those executive orders on the guns the president signed? one of them is showing up in a big way. i will explain that with the judge next.
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stuart: 53 minutes into the session, we are not going very far this morning. remember, huge run-up for the dow last week. boeing, dreamliner's will be back in the u.s. air. swears that stock right now? nicole: it got to 99.33, so didn't quite push the $100 mark. this was a $100 stock back in 2007 but obviously still continues to be great news.
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continuing to receive orders for that. stuart: i remember when it was 75, it was in the mid-70s, now in the high 90s, charles payne says it is going up. nicole: anybody's happy to make $25 on this stock. stuart: it is time to make more money with charles payne following up on a previous recommendation. he likes right aid some time ago. quite a surge, especially since friday. charles: emily audience loves it. word is right now it represents a giant breakout. i don't even want to tell you the next is $5. you can imagine the percentage gain that would be. i would just ride it out.
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three months ago the streets thought they would break even, but earning $0.20, i think the companies ahead of the curve, online, and remember to have a gigantic scandal which something of a dark shadow. stuart: up 100% this calendar year. charles: hardly any wall street firms are in. i would i be surprised of wall street starts to say to buy the stock at $4, $5 per share. stuart: where is it now? let's see where it is at the end of the show. you have an impact whether you like it or not. charles: almost as much as the judge. stuart: this is serious stuff, very interesting topic. one of president obama's 23 executive orders after the massacre was to allow doctors, actually to force doctors to ask
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about guns in their homes and it has happened. look at this questionnaire. it asks are you worried about unsecured weapons in the home? all rise, judge andrew napolitano is here. it seems like it is a gross intrusion. >> it is utterly unrelated to which the producer, our colleague and friend, or any patient would go and see a physician. it intrudes on the privacy of the physician-patient relationship is protected from intrusion by federal and state law. here's how it works, before obamacare kicks in and the gross overreaction to the tragedy at sandy hook in connecticut, the president directs the health and human services to direct the
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department monitoring hospitals to inform the hospitals new patients and people coming for same-day surgery must be asked these questions, so i don't know the context in which the producer was asked this questi question. stuart: he was switching to a new doctor's office. >> once obamacare kicks in, the statute will ask doctors to ask this. much of the patient answer? absolutely not. if the doctor says are you worried about guns in your house, i have no opinion. are there guns your house? none of your business. are you in a happy relationship at home? you don't have to answer. stuart: are you in a happy relationship at your home, a direct intrusion. >> most people will think they have to answer. they don't need to answer under the law.
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stuart: the fact the question is asked and it didn't go through congress. >> especially troublesome. it was part of that your guestst before me knows that, reading all 2700 pages, that was in there. stuart: what about asking are you happy with your spousee >> that is totally the creation of health and human services. charles: what are they trying to get at? >> i think their argument is if there is emotional problem at home they should know about it because it might affect their treating you. to compel that question is a problem, without authority of the constitution or from congress or federal law or any source puts the government in
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the middle of the patient physician relationship. there has been free medication of ideas. suppose your producer had said i have guns, but they are not registered or perhaps said my wife is mistreating the kids, is a medical professional going to report that two law enforcement? because that would invade the patient-physician relationship. stuart: is at this moment the patient doesn't have to answer those questions. what happens after january 1, 2014, when the daughter asks me or anyone. speak of the government doesn't have to tell you you don't have to answer. police say i'll ask you some questions but you don't have to answer, you go to your doctor and the ask you questions and they don't say to you you don't
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have the answer and you think you do, that invade the privacy, that intimidates and destroys your right to privacy turning doctors and to federal agents. stuart: this is the health and human services department making the doctors ask these questions, not the irs scandal. they are separate and different. >> correct. micromanaging hospitals on the hospitals you ha have to have yr doctors ask this. stuart: extraordinary stuff. we appreciate it. the irs scandal getting bigger, some on the left are already calling it a republican witchhunt. we will talk about that with marsha blackburn next. ♪
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particularity there. stuart: a lot of "i don't know" from the imf chief on friday. two more hearings this week with the white house spokesman going on five sunday morning shows calling it a g.o.p. witchhunt. joining us now, republican from tennessee, marsha blackman. are you on a witchhunt? >> no, not at all. what we want to make certain is integrity and integrity is restored the american people, we are a government, due diligence, what you have seen in the clip has worked on this issue with the irs for over two years. stuart: you're in the house. on wednesday it is the house committee running the tax exempt
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office in cincinnati. i take it they are going to go hard to find out what exactly they do. >> they should lean hard on her and have some probing questions. where this investigation came from, why did they decide to target conservative groups, how did they single out individuals? stuart: who told her to use these parameters to define the group? >> right. we will be very methodical to get to the bottom of it. charles: this is the problem i have. last week i sought to official from the ministration shown content for congress, come is asking the questions. is it possible to get to the bottom of this?
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>> yes, there is. there are e-mails, paper trails, conversations. working through, two years they have worked on this investigation. we have done a lot of work, and there is a lot there with mistreatment of our companies in this country. you have the secretary out raising money for nonprofit for obamacare, doj, look at what is happening is people say they can come forward and tell the truth, hopefully those in the senate are going to be there to do the due diligence and oversight necessary. stuart: we have a news development breaking as we speak, american spectator's report that the national treasury employees union chief, which is known to be vigorous anti-tea party organization,
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march 31 and the year 2010 right before the parties began. what do you make of this? >> there again is another piece of the puzzle. employees that will come forward and say did you know this? did you know that? what we will do is be very methodical and do our job. continue to gather this information. stuart: do you have people targeted in tennessee? >> yes, we do. we have individuals that felt like they were being unfairly audited. you record it, you turn it over, you do what is appropriate for you to do, due diligence, and what we are seeing is yes, indeed, there was a practice, improper oversight or targeting by the irs and other divisions
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of the government and what we want to do is rain it back in. they obviously have too much money and much time on their hands so we need to attend to it. stuart: is starstruc "star treka moneymaker? they do not make as much money as expected. we will tell you why the sci-fi series is so important to a whole lot of people. you hurt my feelings, todd. i did?
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the latest version of the xbox at the big event tomorrow. many details have been kept secret and shares not really moving as he advanced towards that release. 34.88. to the box office, "star trek," $70 million over the weekend fell below the $100 million estimate. we will talk about that, plus ironman three out of the top spot after a couple of weeks. more in a moment. all stations come over to mission a for a final go.
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>> nobody knows better than you, but there has to be an exception. >> such action violates the directive. >> the needs of the many outweigh the few. >> we are talking about your life. stuart: the latest "star trek" movie made millions over the weekend. it sounds like a lot but not as much as many people predicted that it would bring in. has the "star trek" franchise finally lost its steam? hollywood.com box office specialist joins us right now. well, it has been around for 50 years, always has been a winning franchise, you can always bet the franchise will be big for "star trek" and now not as good as expected. has the daycome and gone for "star trek"?
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>> i don't think so. "star trek" is very specific, very sci-fi universe promoting a certain type of moviegoing experience and there is a lot of wreckage. if people know what the characters mean to people, but the movie like you said made up of 70.6 million, opened last thursday and in that first four days it made about $84 million but not the 100 million a lot of us were expecting. stuart: tell me about "iron man 3". it just crossed a billion, is that accurate? >> yeah. the film hit a billion dollars in about 23 days worldwide and this film is continuing to roll along. that i think for me is the film
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to beat this summer and the "star trek" is in a very interesting release date between ironman and the great gatsby. it'll be cute with fast and furious x, and the new animated film from fox studios opening the same weekend. it will be a big weekend at the box office. stuart: the star of "iron man 3" has 10% of the gross. i don't believe that. any comment? >> robert downey junior pocketed about $50 million for the last one, and i would suggest he is worth every penny because he is really the reason people go to see that movie. in "iron man 3" the helmet isn't on him that much. they try to show his face front and center because he is the draw. women love robert downey junior, they love the iron man character.
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there wasn't as much of a crossover, although the fan boys love it as evidence by imax. 13.5 million this weekend for "star trek," 60% of the growth. -- 16% of the growth. stuart: iron man is a disney movie which is why they went to an all-time high. >> that is right, the stock is going right up. they paid for billion dollars for the marvel studio, and i think that was a great investment with a billion dollars with "iron man 3". and they will have "the avengers ttwo." that was a great acquisition by disney. stuart: it is pulling in the money.
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all right, thank you very much, indeed, a pleasure to have you back. >> thank you. stuart: charles will make more money now. ja solar. charles: i should have done this first. every second it takes up. in november 2006, there is still room to the upside. first increase in margins in a while. they are letting solar companies go out of business. this opens up, actually free market at its best. japan pledging never to use nuclear power again demanded margin shares. they think they can be profitable soon.
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stuart: do you want jobs or pristine greed? which side would you go for? here is my take on clark. may never have heard of her, but what she just did with a great importance for the pipeline debate. clark just won an election in british colombia, canada. british colombia is for you. politicalll it is uber green, nobody wants to spoil it, the natural wonders. but christy clark campaigned on oil and gas pipelines, she wants to build them so they can transport energy across british
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colombia in pipelines to asian markets. she campaigned for jobs. she won. and what was the greenest part of north america, jobs won. first, the obvious point. given a free vote with the issue of jobs, it is put to the voters they choose jobs. even when you think environment means everything, jobs won. the wind opens the door for the oil to go straight to asia. we have argued on this program canada's oil would not find an ultimate market. nonsense. so, the choice for america is even more clear, do we want the oil and the jobs or do we want to foster about global warming and being pristine green?
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i wish we had a direct vote, don't you? no. why? apparently my debit card is. what? i know. don't worry, we have cancelled your old card. great. thank you. in addition to us monitoring your accounts for unusual activity, you could also set up free account alerts. okay. [ female announcer ] at wells fargo we're working around the clock to help ptect your money and financial information. here's your temporary card. welcome back how was london? [ female announcer ] when people talk, great things happen.
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how old is the oldest perso you've kwn? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed much is the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪
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stuart: just a moment ago, charles payne recommended ja solar. it is up 47% in a matter of minutes since charles payne recommended it. look at that chart. take a bow, sir. take a bow. coming back here, they are trying to avoid taxes. apple's chief is trying to do something about that. he will face some tough questions on capitol hill tomorrow. he will say, wearing down the corporate tax rate so that we could bring money back from overseas and bring it back to america.
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charles, i think he has a shot. neil: president obama already said he would do this kind of stuff, but he wants something in return. the white house was able to use m and his situation. he has to say, okay, you used me. i am the hit die. now, you have to do something for us. apple only paid 25% in taxes last month. they have so much money offshore. they have borrowed money in america, rather than bringing money back. stuart: there is a huge fight going on in britain right now because google paid virtually nothing to the british government.
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somebody has released 100 or 100,000 e-mails showing how google did it to avoid taxes. the issue of overseas money not being repatriated because of high taxes, that is on the world agenda at the moment. i do believe you have a shot of president obama dropping that 35% rate. charles: i hope that it does, but i am not confident. stuart: you think that he may go the other way? charles: if the uk stays aligned with this whole eu program, it will be something along with that. stuart: we are out of time. dagen and connell, it is yours. connell: thank you, young man. dagen: i am dagen mcdowell. connell: good morning.
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i am connell mcshane. dagen: a high school dropout starts a business in his mom's apartment. by his mid 20s, he is worth about a quarter of a billion dollars. connell: they are back at it. china's military targeting america's cyber infrastructure. dagen: incredible pictures out of the midwest. those stories and a whole heck of a lot more coming up on markets now. ♪ connell: we liked this story. the kid in his mid- 20s. look at him now. dagen: manhattan was not good enough for him.
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