♪ imus in the the morning ♪ >> good morning, everyone. new on the irs scandal, an allegation that mitt romney's donor list was leaked to his opponents. tweets from a far left protester from the director's own wife. is she the link to the obama campaign? look what you pay for, big bucks for an art lecture at an irs conference. all of that have is on the market today. and on the stock market, same old same old, it's all about ben. today, bad news, maybe good

news. baseball, $80 million of a-rod's money is at risk as a drug doctor comes clean. i say he's baseball's lance armstrong. and this breaking news, the president sticks a thumb in the eye of the g.o.p. and will appoint susan rice as advertiser. and she's back in power. that's your report for wednesday, "varney & company." this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn

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♪ it's a beautiful day ♪ >> oh, you paid for that. by the way, let's get more on the irs scandal. take a look at where some of your taxpayer money went. the irs made this man $17,000 to perform in california. this painter is a graffiti

artist is known for his portraits of michael jordan, steve jobs and other celebrities. now from the conferences to tweets. we told you yesterday, the former irs chief doug shulman's wife was an active leftest and here is proof, she tweeted during the campaign urging people to tell their 99% story. and all right, now, take a look at the latest poll from bloomberg. 44% of people say that president obama is not telling the truth when it comes to the irs scandal. and tomorrow, another house oversight committee meeting on the lavish spending at the irs. we're watching apple today, the government says that older iphones and ipads infringe on a samsung patent. it has little impact on the

stock. you'll see it happening shortly. and we're looking at a lower stock market open overall today. the latest report on jobs not promising, only 135,000 new private sector jobs added in may, that's pretty disappointing and news on general motors for you, we taxpayers selling more gm stock, i'll have an opening quote on it for you in just a moment. they're going to ring that bell any moment now, five minutes away, four of that, and you will see the action. we went out and asked people a simple question: how old is the oldest person you've known? 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 at'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.

♪

♪ ♪ hush, hush, thought i heard her calling my name ♪ >> by deep purple in case you want to know. and today, president obama sticks it to his critics, he's naming susan rice the national security advisor, no senate confirmation needed for that position. a lot more on that coming up. that of course is political topic number one throughout this day. let's get to market action. here is scott shellady. a bad jobs report only 135,000 jobs and the big number comes on friday and i want to know what you trader guys want. do you want good news, lots of new jobs, lower unemployment rate, or bad news? no new jobs? what do you want?

>> come on, stuart, bad news is unamerican. we want things to get better. we'd like the economy to catch up to the inflated stock prices. is this a big number either way. traders have volatility. if you put a gun to our head we'd like that market or jobs number come out huge. >> they're screaming in the background. are we going to get good news or bad news friday? >> i think we're going to be disappointed, i think that adp is right. stuart: thanks indeed. they're now trading on wall street. we were expecting a gain-- i'm sorry, a drop, maybe 20, 25 points, that's what the futures market was telling us and that's what we've got. we're down 29 at the moment. 15,150. we jokingly call it government motors. but the government is cutting its stake selling 30 million shares, it acquired those during the bailout and the uaw selling.

it's at $35 a share. to nicole, how is that patent ruling affecting apple today. nicole: the patent news is not good news for apple. down 1%, not a huge move for apple shares on the news that apple violated samsung's patents and now there will be limits on some apple products and it's not good news ultimately for apple. stuart: we've got not much of a movement on a $400 stock. we're back on that later. the dow is now down 48 points, now, that may be wall street's reaction to the supposed or proposed end of money printing. i've got four headlines on what's called tapering, when ben takes his foot or the accelerator and prints less money. four items, credit suisse says that tapering fears are a big green light to buy stocks. goldman sachs says the fed could taper in september. one fed governor doesn't like

all the money printing going on yesterday, na was dallas fed president richard fisher, he says the fed can't be afraid of how the market reacts when he stops giving them what is called monetary cocaine. and one said the fed's next step should be, you guessed it, cutting down on money printing. the best we can do is economic growth is around 2%. maybe the hint from we're going to tap on the brakes is putting the market down 55 points in the very early going this morning. let's move on. and here is ed butowsky joining us, and ed mappings money for relatively wealthy people and seems to he me, ed, your people, i should say, the elites, you're doing just fine. it's middle america that's getting pressured here, right? >> i mean, look, we're doing fine. i mean, our clients are doing fine. it's funny because if you manage

money properly not everything is tied to the stock market. so with the stock market doing very well and up about, 14 1/2, 15% this year. our clients are not doing both those numbers because we have other investments in the patriot which most people do have. the clients are doing well, no question about it. stuart: outside stocks, what do you have? >> there's different types of reits, real estate investment trusts. we have some gold, silver, some other investments so we're he not all moving up just in sync with the stock market. stuart: i'm looking at society overall. i'm looking at this, basically, obama's world in america. >> right. stuart: i'm seeing that that top 20% of income earners and wealth owners they're doing very well indeed. it is the obama constituents who are simply not doing very well. that's a paradox in our society at the moment, isn't it? >> well, it is. the very people that he claims to be out there trying to help he's hurting the most.

my clients are doing fine. i guess less hate mail, right? things are going okay, but at the same time, no one has this clear vision of what the future looks like and no one really, you know, is excited. a lot of clients want to sit in money market because they're apprehensive about what the future holds and even though the wealthy are doing well and 401(k) plans for everybody are doing pretty well if they're invested in the the equity market. there's a huge amount of caution. people aren't completely satisfied. far from it. >> you're telling me that relatively wealthy people and you manage their money, they're cautious and not jumped in to take advantage of this stock market, rally? some of them are keeping in a money fund which is what a ha halvehalf percent? there's a way to manage the position they have. none of my clients are completely 100% invested in the stock market. that would be a disaster know

the only for my clients, but also in the wrong way to manage money. but wealthy people are far from satisfied with this economy, far from it. stuart: call it, the dow is at 15-1 right now. where is it going? >> well, look, barring any geopolitical event from japan or overseas, this goes about 10% higher because it's inexpensive at this moment, all right? but anything could happen. stuart: all right, how about housing? up about 10 or 11%, maybe 12% home values over the past year. where is the -- what happens there? >> all right, i think the housing market's recould covering. i think you see prices rising because they're very, very low, with low interest rates you're seeing it in the housing market. a lot of people, stuart, tell me, things are getting better and looking great. where? except housing, tell me one thing that's looking better. if we don't get-- we're supposed to average, 300,000 net new jobs a month in order for this to show signs of

recovering we're averaging 156,000 new jobs, about half of where we need to be. when the number comes out. forget about the rate, look at the absolute number, if we're not at 300,000 for 12 months in a row we're not going where we need to go. stuart: i take your point, ed. the president can say look, we've got steady growth, 2, 2 1/2%. we've got a stock market that's booming, a housing market that's recovering, steady as she goes. this is the way it should be, and i think that's a pretty strong-- i know it should be much, much stronger, but his political positi position is pretty strong, go. >> he can say a lot of thing art laffer said yesterday, it's the worst recovery out of a recession we should be the at 4, 5% growth, half. basically this president is doing half as well as she he should be doing economically. stuart: ed, thank you for joining us there in dallas, texas.

thanks. i've got another example for you of the machinery of government changing the rules in the president's favor. the associated press reporting that some of president obama's top officials are using private e-mail accounts for government business. these so-called secret accounts would make it more difficult for officials to investigate them, if necessary, so much for a new era of transparency, secret e-mail accounts. to nicole, teflon toyota, oh, recalling what, 240,000 hybrid cars, the stock is down. >> they're being proactive on this one, recalling 242,000, roughly, cars, gas, electric, hybrids, excuse me, includes the prius in some cases, it includes the lexus model as well and most of these models date back to 2009 production, and this is because of some brake flaws, not good news there for those toyota ordinance of those particular vehicles, as well as those who own the shares today.

so, we're watching toyota closely on this. >> thanks, nicole, let's go to the big board for a second and wrap this up where we are on the markets. >> we're down 65 points, could drop below 15-1 today. maybe, i don't know how it's going to close, but at the moment. threatening to drop below 15-1. remember, there are several hints that the fed is going to stop printing money and stop or retreat later on this year. that's the over riding factor on the market, you're watching it right there. listen to this, please. mississippi's governor causing a stir with comments he made about working mothers. you won't believe what he said about children and illiteracy. is he blaming it on working moms? we'll have that story for you new at 10:00 this morning. again, to the big board. we're back down a little bit. down 53 points, that's where we are as of right now. time is money so i'll give you 60 seconds of what else we' watching for you. an irs insider joins us at the top of the hour and used to

invest tax crimes and now speaking out against how the irs operates and intimidates. is it really a political organization? we'll ask him. more doctors issuing special credit cards for plastic surgery. sear he owe interest rates for a year, and then he gets smacked with a huge rate. this is bad for your credit says our credit experts. and how far will states go to make money? now they're regulating tattoo remov removal, laser treatments, and you think it's the red or blue states doing this. in a bold move, susan rice as national security advisor, who drew krcriticism for the bengha attack. >> in fact this was not the a pre planned, premeditated attack. what happened, it was a spontaneous reaction to what happened in cairo as a consequence of the video.

stuart: all right. senator johnnie isaacsen is next. and first the rest of your seven early movers. ♪ 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. cause they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcerscottrade... ranked "highest in customer loyalty for brokerage and investment companies."

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>> it's not a big market move. the dow is down 45 points. hints that the fed may tap on the breaks, putting the market down. we have a bold move from the white house. susan rice is now the national security advisor, that does not require senate confirmation. and senator johnnie isaacson,

and she takes a central position at the white house right next to the president. what is your response? >> susan rice is experienced in government, she was in the clinton administration, and the benghazi situation is troublesome and stuart, the benghazi situation, repeated what she was told so say. that lies with the administration and she would be a good appointment. >> we would not be able to find what happened in benghazi, there are no senate hearings. >> we're continuing to try to find out. i was on the senate foreign relations committee last year and read the e-mail traffic and we knew, the administration knew that benghazi was in trouble. they tried to report that a movie trailer was, and it's not. and we're not going to let go of the situation. stuart: are you comfortable with

miss rice in the center position at the center of power, given what she did on that sunday after benghazi? flat-out misleading people? >> the administration gave her the information that she repeated five separate times on the sunday morning shows. that's the fault of the people that gave her the information, not her fault for repeating it. she had no way to know better. stuart: i want to get back to the irs scandal, if i may, we, the people, we do not yet know who was behind the targeting of the conservative groups. that's the equity that we've all been asking and we haven't got an answer yet. what can we do about this, sir. >> grant immunity for testimony in return for testimony. we all suspect and pretty much believe that the trail goes up the chain. somebody in the irs knows who called, and somebody knows who orchestrat orchestrated and somebody knows, they're going to take fifth amendment. lerner has done it.

we cannot destroy the trust of the people in our government, we're going to do it if we let the irs scandal go unabate i had. stuart: do you believe there was a link between the obama reelection campaign and what the irs was doing to the president's political opponents? >> until you have an investigation to disprove at that that's certainly got to be a consideration. stuart: you don't want a special prosecutor. >> if we have to have a special prosecutor. i would rather start with a robust investigation in the house and the senate, grant immunity in return for testimony, which we have the capability of doing. trying to get to the facts. you get a special prosecutor, everything goes behind doors. af got transparency in the house and senate. the irs needs to be transparent and the investigation needs to be transparent and we need to grant immunity to host who can come and tell us what really happened. stuart: do you think we'll see that this summer? >> in issue is not going away, stuart. you you can't bury this, it's too important to the country and the irs and we're going to get it right and congress is going

to get it right. stuart: senator, we appreciate you being with us on a busy day, thank you, sir. >> thanks, stuart. stuart: yes, sir. i'm going to give you the gold report, it's a little early this morning, 9:47. we are at 1,402 per ounce. we're up $5 as of today. emotional testimony on capitol hill yesterday from becky garrison, tears were shed. middle america, i think, stood proud and tall. a breath of fresh air. that's the subject of my take. which is next. i want to make things more secure.

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>> a new push to defend? that will be defund the irs. when it comes to policing obamacare. new at 10 we'll talk to the man who is making that push. is the irs the achilles heel of the health care law. and the in mississippi making a controversial remark about women in the the workplace, moms specifically. we'll see what he says and have a high powered corporate mom to respond. he's an expensive player that nobody wants or likes, alex

rodriguez facing suspension. can the yankees void his contract, worth a lot of money and brian kilmeade joins us on that. it's going to be a jam-packed 10:00 hour. for my take today i want to go back exactly 24 hours, please. take another look at becky garrison telling the world how she was treated by a vindictive, biased and corrupted irs. for me, this broke new ground. >> i'm not interested in scoring political points. i want to protect and preserve the america that i grew up in, the america that people cross oceans and risk their lives to become a part of and i'm terrified it is slipping away. stuart: that was powerful stuff, wasn't it? it's been a long time since i've seen anything like that. and here is why it was different for me he. for generations, the left has dominated most public protests,

it is the left which stages most demonstrations, they're noisy, occasionally violent and very demanding. the left is perpetually angry and they seem to live in a state of permanent outrage. but yesterday becky garrison put a different face on protest. you can't call it a protest, it's a citizen statement. you did this to me and it's not right. that was middle america standing tall with dignity and force. miss garrison had been harassed to put it mildly, by other own government and she stood up and called them on it. it's been a long time since we saw such a powerful rebuke. the plain fact is that in last year's presidential election, the power of government was unleashed against the president's political opponents. in my opinion, the government was used to affect the voting. yesterday, miss garrison made it clear that we citizens are not happy about this. she didn't rant. she didn't shout and scream. she quietly told us what her

government had done to her. how inspiring it was to he see such an eloquent statement from middle america. that was truly different and oh, so welcome. this is america.

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heel. frank brazil is looking to defund the medical police. alex rodriguez, lance armstrong of baseball, brian kelly is here for that. misses to the touch is the third rail questioning women in the work force. and using plastic to pay for plastic surgery. we uncover a rotten deal. we are down 50 points and been there for a rest of the morning, down 50. charles payne joins us. charles: this is about right. listen, i like the idea of going down in disappointing news and this was disappointing this morning. stuart: you like the we go down on disappointing news. you don't think it makes been print more money longer? charles: at some point ben has to stop. the greater issue is the economy

and at one point of the rally can be securely affixed to the u.s. economy? stuart: you really think the dollar is down 54 points because the employment report this morning was bad? charles: sure, sure. stuart: we have four hints that the fed will tap on the brakes this fall. that isswhat is putting the market down. before you get hints from the same people. yesterday, george -- talk -- her speech was interesting but wasn't necessarily news. i am glad you mentioned that. look at the big winners this week and asked if ben bernanke had any influence on the big winners. yesterday company called gee 3 apparel of 21%. you know what they sell? calvin klein, this is not one person in america who bought any closed the last three months because of ben bernanke. stuart: when you're changing the subject, going to individual stocks. charles: i don't like talking about the market as opposed to

individual companies. charles: stuart: they have great individual companies? charles: later i do. stuart: what to go to nicole petallides with two retailers that doing well leading the s&p. j.c. penney what is the story? nicole: let's look, 2.5%, cleveland research this morning set out positive comments and basically saying they are now back to the reintroduction of circular and mass distribution of coupons and that is accelerating traffic and sales. that is good news for j.c. penney. stuart: bed, bath and beyond up as well. peter: -- nicole: they put a new price target of $82. stuart: the i s m reading 53.7. no movement, we are down 35 instead of 50 and factory orders were up 1%.

charles: the market went up a little bit on good news. charles: don't bamboozle me. stuart: i'm learning from the best. does the market closed higher or lower today? charles: i bet lower. stuart: we will see. let's get to the irs scandal. brent bozell joins us now. welcome back. you sent a letter to congress calling for congress to defund the irs as the police force for obamacare. you are trying to untangle obamacare basically. >> there is no more aggressive and disliked agency in the united states of america than the irs. now we are learning that the irs has been persecuting people way beyond the bounds of its congressional mandate. we know that over a 400 organizations have been persecuted by the irs and it is amazing that this administration

would say that the person who was in charge of the office that persecuted it is now going to be in charge of 16,000 new suggs who are going to be overlooking and overseeing this country on obamacare. this is a government that is completely out of control. what congress has to do is the fund this nonsense and do it now. stuart: a couple questions. if you were successful and the irs as of police force for obamacare is defunded does that essentially stop obamacare in its tracks? that is question no. one. what is your answer? >> i hope so. the goal here is to stop the irs and to stop this police state and it is a police state. we never had anything like this in this country. this violates everything having to do with the spirit of america so first and foremost i want to stop the irs. if it kills obamacare wonderful,

it is christmas. stuart: do you think it will happen? do you think the irs will be defended? have a lot of support from our viewers, the sentiment of the country is vigorously anti irs, middle america just is up in arms about this do you think you can win? >> the republicans of always been against the irs but now we are vindicated. our aim their with this agency is now vindicated so i think the congress would stand a good chance of putting an end to this abuse. i think there are people on the democratic side who are also offended by this because they know that if the irs can do this to conservatives in a republican administration watch out liberals. stuart: i see chaos coming as obamacare is implemented in october and january next year. i see that as bad news for the democrats going into the 2014 election. that chaos could create a

political backlash against obamacare which adds to your thrust to get to defund the irs. >> the problem i have with that strategy and there are some republicans who are thinking that way, saying let there be chaos, let there be a a disruption of america, let there be a calamity, let the public be out rage, then we will do something. is the responsibility of the congress to do something now. they had two long years to do something about this, time to stop defunding this monstrosity now. stuart: if you defund the irs then you have stopped obamacare in its tracks and that will be chaos. what will you put in place of its? >> you can come up with some kind of real affordable common-sense health care plan that starts first and foremost with the promise that was broken by this administration when it said you could keep your existing plan.

that was a lie, they violated that from the get go. if you go back and have a program that says if you have the existing plan you can keep it, that goes a long way toward resolving this mess. stuart: do you know of any republican or group of republicans that has such a plan? >> i can tell you that i spoke with one key republican officeholder an hour ago and they are looking at it. stuart: thanks for joining us as always. now we have a former irs whistle-blower with us. he worked there for five years and after exposing fraud to his supervisors, and criminal investigation joseph bannister is with us. having worked with in this organization, does it sku left predominantly? >> i am afraid it does steward.

most of the employees think in that manner, they are very government oriented. i remember in 1997 when there were hearings relating to other irs abuse, the employees were up in arms about their own rights being violated, did they made not a peep about the rights of the american people which is the reason for all the hearings and all the congressional scrutiny. they were focused on their pensions and promotions. stuart: your experience in the irs was the targeting directed and orchestrated right from the top? >> it absolutely was. >> they can barely sneeze without supervisors know what they're up to.

policy decisions. i have worked with clients. and since i left the irs. they are directing, directing the operations of the irs offices throughout the country. to sit with a couple of nincompoops in cincinnati is plain false. stuart: we haven't got the evidence yet, we don't have the memo or phone call or meeting or text, we don't have that at this point. end in the administration, in the campaign about it. >> it is circumstantial evidence. the rank-and-file agents do not make these kinds of decisions

and will be targeted and what questions will be asked. the rank-and-file agents are carrying out what they're directed from above. that is the way the irs has always worked so wouldn't be surprised if we keep scratching we will find that the trail leads to the very top. stuart: joseph bannister, a former irs guy, thanks for sharing your experience. and new on the lavish spending? >> do as i say, not as i do. this $50 million the irs spends on these might have been a lot more but we will never know. they didn't keep receipts. the irs doesn't have the receipts. can you imagine that? there are thousands of americans biting their nails because they got an audit tomorrow morning and can't find their receipts and they know the person across the desk will hammer them, where is your receipt for november of 2008, they don't have the

receipts, the irs doesn't. stuart: is there any possible reason that you heard why the irs doesn't -- charles: they spend so much money on so many things. stuart: they wanted to cover up the paper trail. we taxpayers have to have the paper trail or else. they are the inquisitors, they don't have to have the piper trailer don't want to. charles: who gets to be the media? the american people. stuart: thanks very much. the medical devicemaker cyber i cyberonics, tell me about the stock. >> is based in houston, texas and they are a medical devicemaker. stock is doing well, they have quarterly earnings that beat the street and one of the reasons is that had an epilepsy product on the rise and that helps their numbers for the quarter. you see the stock up 6% today

and over the last 52 weeks up 26%. stuart: thanks very much. apple losing a pant case to samsung, and no to recalling two million cars even though the fed ask them to recall them. the president wants to overhaul regulations. i you telling me the connection between all of that? charles: chrysler by the way, dole's out by the american public and for some reason given to fiat's because of their expertise and the international trade commission that hammer's apple with these sanctions. we have two international companies, an italian company, chrysler, the itc pension, we don't care about your policies. we are going to get some. yesterday president obama came out with executive orders and suggestions to congress about fighting these same patents bands. how can a car companies say no

to a national highway transportation safety administration? how can you say no, we are not going to pull those genes of of the road? stuart: you are saying the administration is selective on who is allowed to debate the rules? charles: the president, while he browbeat the average american, the tea party, it is one thing to beat up your own country but what about the rest of the world? china doesn't care about us, they laugh at us every day, russia laughs at us every day, and we are not pulling our cars off the road and the international trade commission says we don't care what you think, we are banning apple. by the way i think the president will fight vigorously to overturn that ban because it helps software companies and let's face it, got a whole lot of money from silicon valley, they made up the money did not get from wall street. stuart: when you are a senate. charles: don't you find it amazing, average people from alabama getting beaten up by the irs and the big boy fights, we don't fight back.

stuart: you are right on this issue. mississippi governor causing quite the outrage with working moms. you won't believe what he is blaming them for. high-powered corporate mom response to that and here is what he says. ♪

stuart: iphone and ipad could be banned after apple lost an apple infringement case, and it doesn't take effect immediately. president obama conover turn the apple stock no reaction down $1 at $4.27. and more shares during the bailout. and the government is selling off gm shares, the stock is down 34. it is not good, 134,000 private-sector jobs added in may. falling below expectations. that is on friday morning. we are down 66 points. the portion of the market down, now we're up 70.

the mississippi governor.

stuart: charles is revisiting one of the stock picks which we have news on. stuart: i mentioned on monday, last week they lost a chance to get covered by medicaid, stocks took a hit and i asked everyone to hold on. and take profits on half. the west will ride out. i love this company long term and if they ever get coverage by medicaid, medicare i think it will go up significantly.

as a disciplinary thing we take profits on that. stuart: you took money off of the table, took half of it on. charles: it will go significantly higher. of the when you want to the dollar number on it? charles: 60, 70 perhaps within a year. stuart: i'm sure our viewers will take that. the dow is down 80, hints that the fed may be tapping on the brakes later this year from four sources. not too wonderful manufacturing report didn't do much good. we are down 81. if we drop below 50,100. mississippi's governor drew a lot of criticism from comments he made yesterday at an event focusing on children's rating. here is his answer when asked why and erica has become mediocre. listen to this. >> i think parents, both parents started working and the mom is in the workplace is not a bad thing, i don't want to get in

trouble, s receiving e-mails tomorrow. stuart: they flew thick and fast. people's revolution ceo and working mom, welcome back. >> thanks for having me. stuart: he didn't seem to say anything relief that dramatic other -- with a second. both parents out of the house, the mom is working, children's reading suffers. that is not that dramatic, is it? >> if you say something violent and sexist and really short sentence doesn't make it less violent and sexist. stuart: when you think that was violent and sexist? >> leading mons for mediocrity -- stuart: where is the violence? >> if it was said against other religious -- stuart: am i wrong? >> you don't think it is violent to blame working mothers for the mediocracy of education in

america? it is a very violent -- charles: because of the statement? don't know how you can say violence. when you do that you mitigate -- >> island statement against all women who have to work and support their families. stuart: clearly we disagree. there is no way on god's green earth you can suggest that is a violent statement. you say is, let's move on. what is the problem with saying two parents are out of the house, the mom is working and therefore there is a mediocrity in the child's ability to read. >> it is not even true. if you say something like the statistics -- stuart: totally wrong, no relationship between working parents and mediocrity? >> take kids to nascar and mcdonald's instead of sitting down and reading with them? it is about american values and americans do not value education like other cultures do, like chinese culture or finnish culture or russian culture and that is why you see that. not because women are in the workplace.

stuart: that is why we are losing the game in education. >> american students are not performing internationally compared to students in other countries. stuart: why do you think that is? >> american values have changed. stuart: in what way? >> family values of changed. people are not putting an emphasis on spending time with their children. if you are at nascar and mcdonald's with their could they won't read. stuart: if mother and father are out of the house working -- >> and kids go home to bed what can they do? stuart: the government -- >> mary people -- stuart: if you have two parents out of the house including a mother working, two parent of the house. education will suffer? you disagree with that. >> no i did not. we need to change -- i have an idea. we should change the name of the state to mis.issippi.

if there were races and religions of would be an up or. it is woman bashing, complete woman bashing. stuart: this is parents we're talking about. >> working mothers, education became mediocre. charles: i don't know. >> to make money -- charles: you say he was complementing mothers, let me walk you through this. >> if this were -- charles: listen to him. back in the day mothers stayed at home and the father went to work so when kids came home from school at 3:00 the mother was already there and was able to help the kids with school work. >> mothers can't help at 6:00? charles: 6:00 to 9:00 is -- 3:00 to 9:00 is 6 hours, double the amount of time to help. and cook, clean and everything else they were doing. don't you see what he is saying? mothers were around kids were

doing better? isn't that a compliment? >> it is not necessarily true. it is our job as parents to be positive role models. whether we are working are not. charles: kids did better. >> when a father's were at home? maybe dad should be at home. charles: dads should be at home. >> all of the glutamate million dollars a year should stay at home and take responsibility for their reading, the same with the connecticut shooting, the mother, the mother, no one talks about the fathers, fathers have as much as the ability raising their children as the mothers do and a lot of times today women are making a lot more money than the men they are with and in my community is certainly true. let me tell you something, i go home and do homework with my daughter every night. charles: are you married? charles: why not? >> i have a hard time when women have a lot of money, they feel emasculated by that.

charles: i think both parents should help with the kids. in some ways -- >> of this for a race or religious issue it would have been a huge media storm today about this. women are discovery day in the media and given responsible if what happens at home and they're not home, they are working. thanks. stuart: see you again. would you be willing to go into thousands of dollars worth of debt for a plastic surgery? more and more people the answer is yes and it ends up costing them big time. we will deal with it next. we went out and asked people a simple question: how old is the oldest person you've known? 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. ♪

test

♪ stuart: look at this. we are down 81 points now. medical credit cards. often used for cosmetic services. no interest for a year. not a bad deal. what happened after that year. the newest way to kill your credit. let me see if i have this right. i get a facelift. i put it on a credit card. no interest for a year. after the first year, i am hit with a very high credit card rate.

>> 28%, even 30% sometimes. stuart: is it common? >> very common. more commonly used to cover deductibles, dental industry for sure. dental insurance does not cover a lot if you need some extensive work done. at the end of the day, these credit cards are being offered almost under duress. doctors are not financial planners. stuart: this is a special credit card. >> it is a medical credit card.

stuart: who makes the money? the doctors and the banks. >> just yesterday, schneiderman settled a big case. what they have shown was, again, these doctors are being offered kickbacks. if they entice you to use this medical credit card, the doctor would rather you put it on a credit card because he will make a little bit more money at the end of the day. stuart: if i go in for a facelift and i say, i will give you $5000 cash, the dr. may say, no. >> take a look at this brochure. we have a 0% credit card, by the way.

>> it is absolutely amazing. charles: people will take that deal. >> you have consumers that would not originally opt for these services. not only are they being charged that interest rate, it is retro act did. let's say the interest rate is 28% if you do not pay it off in 24 months. you could not pay that off in full and you will now be charge retro actively on the initial balance. not the $500 that is left.

cuomo started it. charles: what has happened, people have been doing it more to get back into the job market. hair transplants are up. people stop doing any -- the luxury of stuff. stuart: i am out of time. i think you made your point. >> i hope i did. you may be in pain today, but you will be in much more pain later. stuart: i am calling it powerful and inspiring. congressman david is next. we get to his reaction of this

and more after the break. >> i am not begging for mercy. i am a born free american woman, wife, mother and citizen. i am telling my government that you forgotten your place. this is america.

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♪ stuart: and emotional testimony on capitol hill. we have a congressman joining us from capitol hill now. i thought that was a very powerful piece of testimony. i think she stood up for middle america. >> i agree. it was very powerful. it made me feel proud to be an american, in one way, but also, it was really sort of a sad testimony and that americans had to be there in the first place to defend their first amendment rights. stuart: i have to ask you about congressman mcdermott. what do you think about his suggestion made right during the

testimony yesterday. what do you think about that? >> i think he was way off the mark. i was a law enforcement officer for 33 years in the seattle area. these people are indeed victims. they were operating under the law. just by the mere fact that someone from our state is suggesting that these folks operating under the law applying for the status are the cause of the problem is ridiculous in my opinion. >> we still do not know if one

particular person orchestrated this intimate ration of conservatives. we do not know who ordered it. how will you find this out four us. >> i think yesterday left us with hope of further clues to calm. my questioning focused on the irs individuals that the witnesses testified to yesterday. i asked them for the names of specific people that they spoke with and their exchanges with the irs. they were able to provide me with a number of names. they can also provide further names that they could not recall yesterday at the hearing. that will be the focus of some further interviews. we have hired investigators.

we will be sitting down and talking with those folks. we will get to the bottom of this. stuart: will you keep the american people informed? >> absolutely. i think that the committee, as a whole, will continue to do that. stuart: thank you for joining us, sir. appreciate it. alex rodriguez could be suspended in a doping scandal. does this finally open the door for the yankees to void his contract? >> you get a letter from bobby brady. how were you so gullible to think that he was really sick? you got caught up in it. >> well, she did.

♪

♪ stuart: gas prices holding steady overnight. we have not seen much movement lately. take a look at the price of oil. it determines the price of gas, eventually. amazon planning to roll out amazon fresh.

the service has been available in seattle. amazon will expanded to other cities. toyota recalling 200 hybrid cars. the lexis, some lexus models are also coming back. alex rodriguez faces a 100 game suspension. the yankees still owe him about $80 million. could they just void the contract? ♪ [ ghosts moaning ] surprise -- your car needs a new transmission. [ coyote howls ] how about no more surprises? now you can get all the online trading tools you need without any surprise fees. ♪ it's not rocket science. it's just common sense.

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stuart: charles has made a lot of people a lot of money. he is going to do it again now. charles: capstone, $1.24. when the largest sailing yachts in the world -- he said these things were so amazing. it is like having a continuous battery but without having to recharge it. some people were hoping for a pop overnight. stuart: why are you smiling? charles: sometimes you can be a victim of your own success.

stuart: the truth is, a lot of yours really have. charles: i still like this one a lot. stuart: the mod. looking to suspend up to 20 players. news of these suspensions came after the founder of and anti-aging clinic in florida agreed to talk to baseball officials and name names. you think that the yankees will take this opportunity to void a-rod contract? >> i do. it was not too many years ago when a playoff hero hit a home

run during the regular season. at that time, the yankees were no longer technically obligated to pay him. they cut him. this, according to them, they now have an opportunity to say breach of contract. you cheated before, you admitted it. then, you went to a doctor that was not sanctioned by the new york yankees. it is clear you could not play. now you heard the other hip. there is no dow about it. your body begins to deteriorate. that is what we are witnessing

with alex rodriguez. stuart: you say he is poison in the locker room. i was told that a-rod is probably the most unpopular player within the yankees and probably one offthe most unpopular players within baseball today. if they voided the contract, the yankees would save themselves over $80 million. >> that is accurate. mark teixeira is known to be pretty good friends with him. in the locker room, they have had one world championship. let me ask you, here is a guy who comes in with the glossy his stats of his generation.

foolishly, they reeled him back in, years later. he was a huge distraction. during the playoffs, when he was useless, he rolled up a baseball to a hot looking woman in the stands essentially saying, put your phone number here. he was not focused on the game. he wanted a date that night. that type of stuff is inexcusable. stuart: it just seems that this latest -- it comes at a very bad time for baseball. baseball is not doing that well. >> you are absolutely right. we cannot jump to conclusions. we know 20 names are down there.

these are big names in baseball. it just goes to show you, people will be successful, but they are not sticking to the sanctity of the game. the best thing about baseball is it is the same game. these guys had better numbers, but were they cheating? were they using science to be successful. are they cheating and sending the wrong message? my fear is, the players union will rear its ugly head and protect these guys. stuart: i thought they were passed the steroid scandal.

charles: i think he is right about the legal part of it. i think the union will come out and protect these guys. science stays one step ahead of testing all the time. stuart: you would really rip into the whole baseball lineup. thank you, charles. another tax grab for states. we have the story as the dow drops nearly 100 points. ♪ it doesn't. that's crazy. we're all totally different.

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stuart: the dow jones industrials may be down 100 points, but our charles payne is still in the money making business. charles: you know this company. they missed it by a penny.

the stock got absolutely hammered. this morning, goldman put a buy on it. they will do great in the cloud. they will do great and mobile. i love the risk reward on this thing. stuart: i always thought they would do well with that. i have no surprise for you here. lawmakers are looking to regulate. it may be all about revenue. what are we talking about here? >> not the facials and the nails and that stuff. we are talking about chemical peels, potential eyelid reconstruction. they are taking it further and

further. things that are usually reserved for a hospital. there have been some very difficult incidents that have happened. states are looking into it because it is getting more dangerous because more and more of these spas are going further and further. the doctors are saying, yes, we absolutely need more regulation. some doctors do use these spas as a second source of income as well. we have to look at the full picture on this. stuart: i am sorry. we are flat out of time. i want more details on this. thank you very much. more varney after this. ♪

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 thgh 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: 12, 12, 12 the dow is down 100. here is connell. connell: the federal housing authority is under a bigger amount of debt than originally thought. more controversy at the white house today. susan rice is back in the news. is this just an attempt to deflect attention from the newest scandal? we will talk about the newest money bust in baseball. this could cost alex rodriguez his big-money contract and possibly his career. ordering up some new cold cuts. amazon wants to deliver groceries to doorsteps nationwide. ♪