tv Varney Company FOX Business June 17, 2013 9:20am-11:01am EDT
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♪ imus in the morning ♪ >> good monday morning, everyone. it was a great summer weekend. the sun came out for father's day. welcome back to more good news. stocks will go up for the opening bell today. now, wednesday ben reports on the state of the economy. good news for the market is expected. the dow will be up close to 100 points minutes from now. the president is northern ireland at the g8 summit. he's not saying anything about the irs or obamacare, his approval rating is sinking. how about this for a super hero blockbuster. the latest superman movie brings
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in 125 million dollars over weekend. "varney & company" is about to begin. >> if the world found out who i really was. he was convinced the world wasn't ready. ♪ [ cows moo ] [ sizzling ] more rai.. [ thunder rumbles ] ♪ [ male announc ] whenhe world moves... futures move first. learn f futes from experienced pros with dedated chats and daily live webinars. and trade with papermoney to te-drive the market. ♪ all on thinkorswim. from td ameritrade. all on thinkorswim. a brand new start. your chance to rise and shine. with centurylinks your trusted technology partner, you can ust that. th our visionary cloud infrastructure, global broadband network a stom communications solutions, your business is more rele - secure - agile.
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>> all right. i welcome this debate and i think it's healthy for our democracy. i think it's a sign of maturity. five years ago, six years ago we might not have been having this debate. >> the president is saying he welcomes the debate on nsa snooping. a couple of items. the latest poll. only 45% of people approve of the president's job performance, that's down 8 points and what is the president to do? he's at the g8 summit in northern ireland.
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syria is the issue. russia says it will not allow a no-fly zone and nsa leaker edward snowden says that they actively hacked the chinese government. and what's going on about snowden's claims. snowden's leaks have allowed china to turn the tables in the hacking, spying. and the markets don't care about it, syria and spying all ignored this monday morning. ben bernanke reports on the economy on wednesday. the pundits expect no letup in the printing. that's what they think today. that means the market is up. we'll tell you about the monday rally which you will see happen right here. friday night, buddy.
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a talking car. but i'll tell you what impressese. a talkintrain. this ge locomotive can tell you exactly where it is, wt it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ afr l, what's the point otalking if you don't have something important to say? ♪ ♪ stuart: low-budget and low-budget is what we are calling this economy. slope.
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how many times have you said that there is no way bernanke stops printing? the dow will be up 100 points because now everyone believes you. >> listen, bernanke does not see any negative consequences to his actions. do not forget, he answers to the members of the federal reserve system. real estate is up. it appears to be working. in his mind, there are no negative consequences. stuart: you really cannot point to inflation at the moment. >> the stock market is up 15% at the moment. this is the worst kind of environment. real income is not going up. stuart: okay.
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okay. they are about to start cheering right behind you. hang in there with that negative feeling about bernanke printing money. the bell is ringing. what we are looking at is a game to the dow of at least 100 points. maybe 110. maybe 120. the opening trend is up this monday morning. that is what we have for you. what is the big idea? facebook is going to tell us what is on its mind. they will tell us on thursday. nicole: it is up over 1% on a day where the dow is already higher. the company is inviting media members to calm for a big idea.
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what is the big idea? it is on june 20. last time, you remember, the big idea was that search. it really was not all that great. stuart: do not disappoint. thanks a lot. the dow did open with a triple digit gain. about one minute 15 seconds into the session. i have big news from the big airline companies. boeing is going to launch a larger version of the 787 jetliner. that would be $30 billion worth
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rival, airbus, there is news there also. ontrack to double their profit margin by 2015. we are calling it the new normal. economists are predict they just over 2% growth this year. remaining high unemployment. if this is really did new normal, the market says so what. we love it. what do you say? >> the market has to love it. your previous guest has a wrong definition of inflation. rising stock prices, rising house prices, that is not inflation. it is a perfect storm. it will be that way for another
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couple of years. stuart: perfect storm for a rising stock market. >> though all asset prices rising asset prices, with interest low. it has been skeptical for four years. they are not in it yet. they do not get it yet. they are still afraid of the last crisis. stuart: mortgage rates. they have hit 4%, basically. does that throw a real monkey wrench into the housing market? >> i would call it a little wrench.new housing buyer fails a
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-- too many central bankers talking too much with a mixed message. we will have that one straightened out this week. it sounds to me like you are bullish on stocks. >> i am merely fully invested. >> i am not getting off the horse yet. stuart: wonderful terminology. a big shareholder wants to explore a break up instead of being taken over by a chinese company. the breakup value says this investor will be a lot more than $33 a share.
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let's stay on the markets. the virtue of selfish investing. good morning. you said last week that linked in would be the stock of the week. go take your victory lap. >> i think the stock is in the right position to try to come back up its pattern. it looked normal after the big run-up. we are looking for the stock to consolidate. this one lady area was our short-term target area. it looks like revenues are ramping up nicely. there could be potential for and earnings surprise. stuart: how about a stock of the week for this monday.
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>> if i am looking for something that may have some heat for the week, i think it would be tesla. we are looking to buy into the stock today may be a little more heavily. another stock that we like here is a motion sensor chip maker. those are the chips that when you tilt your smart phone, you will see the screen move with the phone. they have a couple of big design wins with google and samsung tablets. if they gain apple as a customer, that could be big news for the company. possibly above 20 over the next couple months. stuart: okay.
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you will be back next week. thank you very much. content is king. that is why netflix has a new multi- year deal with dreamworks. i have to believe that netflix is way up again. nicole: it is up again. we have talked about streaming video. streaming that he owes. this is the wave of the future. now come up with a new deal with dreamworks, those types of movies and 300 hours of new programming. this will hopefully bring new subscribers. dreamworks loves this also. stuart: streaming is in.
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stuart: here is something we were expecting. show me the big board, please. the billboards suggested we would have a strong opening. we got it. legal marijuana. there is money to be made. forget about growing it or even selling it. it is all about protecting it. a company that just got big money to expand its pot security business. that is coming for you at the top of the hour. authorities cleared the park and istanbul. now they have called a strike to defend the demonstrators. the deputy prime minister is
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running to the point that our mini to help kill the protests. really coming to pieces. fire crews in colorado making progress against the wildfire near colorado springs. they are treating it as a crime scene. so far, the fire has destroyed many structures. two people have died. back to the big board. this is the story of the moment. we have 149-point gain for the dow jones industrials. not bad. the irs and obamacare. we have a story next. ♪ ♪ clients are always learning more
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♪ stuart: it is a rally. yes, it is. monday morning. there is your good news for monday. there is mounting pressure to get the irs out of obamacare. you do not want to go there. the record is not good. we have senator marco rubio taking it further. he says obamacare is bad for america. could end up bankrupting our country. joining us now is grace marie
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turner. do the republicans have the votes to get the irs out of obamacare? >> not now. stuart: do you think that they have the votes to defund the irs? >> yes. the irs needs new money to be able to hire all of the agents, to enforce the 46 new majjr powers that the irs has to enforce and implement obamacare. they do not have the agents to do it and the house can stop that. stuart: the house can do that. >> they say we need your money and the house says no. stuart: let's suppose everything haapens as you suggest. then what? >> the irs does not know what they are going to do.
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this is a huge new responsibility. it is not the irs is core responsibility. stuart: does it stop obamacare in its tracks. if they cannot ask those questions obamacare is what? finished? >> this is the template. stuart: all of this? >> if you want a subsidy from obamacare.% stuart: won't they get enough money for these navigators?
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>> they do not have enough money for the navigators. they want to make sure that you like obamacare. stuart: i am trying to summarize here. if they do not get money, they have a real financial and staffing problem. does it simply contribute to the chaos or does it stop obamacare in its tracks. >> it will be a train wreck. this is not ready to go live. we do not have the money. we do not have the manpower. we cannot enforce this. stuart: you are sure they cannot
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get the money from someplace else? >> they can get a few million dollars. stuart: you are our train wreck watcher. it is not funny. thank you very much for joining us. >> thank you, stuart. the dow is up 160 a point. virtually no change four gold. after the break, and other development on obamacare. senator wants to use your money to cover healthcare for undocumented immigrants. remember, do not forget to call her senator.
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a friend under water is someing completely different. i met turtle friend today so, you don't get at very often. it seemed like it was more tn happy to have us in his home. so beautiful. avo: more travel. moreptions. more personal. atever you're looking for expedia has more ways to help you find yours.
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of "varney & company" all week long. big things planned. you must not miss this starting monday next week. senator wants to use taxpayer money for healthcare for illegal illegal immigrants in california. $250 million. charles, you just walked in. i am sureeyou are fired up. charles: i am fired up. if you are compassionate, then you pay for it. they have 1.1 million people in los angeles who are here illegally. you invited them. now you pay for them. do not ask anyone else in the country for a penny. stuart: taxpayers outside of
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california. we pay for the problem that you created because you do not want to be left holding the bag. charles: she said she wanted to beeligible. let's go away the harps for a minute. you guys asked for this, you pay for it and leave the rest of america out of it. stuart: you told us last week, do not worry. we did not worry. we will do it that in a second. a big new hour of "varney & company" just had. ♪ what is the product that had investors buying into it. he will join us. he will be on the set right here in just a moment. ♪
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guide. low tax, business friendly florida. the tax reformers are winning at the state level. doctor marc siegel is here talking obamacare. star of shark tank tanks it is just fine to invest vest with friends. really? he will be here as well. ♪ ♪ stuart: look at this on a monday morning. this is a solid rally. it is all about her nagy. charles is with me. are you ready to admit to the the feet? charles:
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>> i cannot wait for a pullback. you sell it, i will buy it. stuart: because they are selling the index fund, the owners will have to sell. charles: it creates a great value for a great company. charles: 16,000. that is when i will and did it. his money is not hitting the stock market too big right now. it just really is not moving the needle. the number is justin.
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fifty-two. highest level since 2006. a positive element for the housing market. stuart: the homebuilders are really odd. [ laughter ] charles: you do not want to follow them. stuart: you got it right once. give me three winners from the dow jones industrials. nicole: it is easy to find the winners today. cisco systems, dupont. jpmorgan up nearly 2%. you talk about the homeowners and what we just got in with that numbers. a lot of institutional buying of homes.
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some of those numbers may actually be slightly skewed. just maybe the housing recovery will not be as great as it seems. stuart: the stock market is now up 165. let's forget the markets one second. let's talk politics. president obama's approval rating plunging. there are all of these scandals in washington. only 45% approve of the president. that is a plunge. a full 54% disapprove of what the president is doing in power. good morning, ashley. i believe that you say that hillary would have been a better president. >> it is hard to say at this point. i am not surprised at all at obama's approval rating. the most surprising thing is his
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17.2 klein of young voters. they have been his most loyal supporters. to see that kind of the client is dramatic. stuart: that is a plunge and a half. >> i think it has evvrything to do with the national security agency scandal. i think for obama to say we are not listening in on anyone's phone calls, we are not spying, we do not know the content of the calls, but we know who you are calling and for how long. i think especially for younger voters just see right through that. for someone to say the nra can call your house phone and then 50 minutes later you call your representative and for them to say that they have no idea what you are talking about or that
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they are not gathering personal information, i think that the voters see right through that. stuart: young people, it seems to me that young people are taking a libertarian view of politics. they do not like being spied on. they want the legalization of marijuana. that is putting them at odds. am i may be just going a little bit too far here? >> i do not think so at all. you had 60% of americans saying that the government is so big that their liberties are threatened. yes, i think that that does absolutely rough like the fallout from the national security scandal and i think especially among young people, my age, there is definitely a libertarian view. stuart: thank you for bringing that to our attention. i did not realize there was a
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17-point plunge. that is a headline and a half. thank you very much. back to nicole petallides. we have tesla of today. nicole: take a look here. those shareholders will be jumping for joy. 10406. i know elon musk has been in focus, not only for tesla, but also for solar city. there was an article talking about the trade in focus. a lot of people that just believe in him. watch both. back above that 100 mark easily. stuart: thank you very much. i have to bring you the news on the u.s. open. justin rose is the winner. he beat phil mickelson by two strokes. this is a financial program so
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we will talk about that. justin rose the prize. a big prize. tied for second was day and mickelson. there were four golfers that tied for fourth place. each of them took $291,000. big money at the top of the trade. tiger woods was number 40 on the list. $47,000 for him. there is big bucks in golf. just get through to the finals. >> this tiger woods era has been remarkable for golf. the only two golfers in the top ten were jack and greg norman. mostly from endorsements and side businesses.
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you take that 8.6 million that jack made in 1890. fast-forward to 22. if we had just gone on pure inflation, it would have been 11 million. he made almost five times. $115 million. pure regular inflation. he made ten times the amount of money about inflation that jack nicholas made in 1990. it is remarkable. it was tiger woods that brought in the money. charles: for everybody. before you had to be in the top ten. now you can be in the top 100. stuart: all right. thank you, charles. i did not realize that they made so much money. legal marijuana startup companies one of the events big
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winners, dan williams. his company designs and sells security solutions for the industry. the money that you brought in from investors, it did not go towards growing really good pop. you provide security for the pot growers. security for the pot plants. that is where the money came in. >> that is correct. it was started in 2009 in denver colorado. we are now in both denver and washington. we are a full-service. stuart: we are watching some video of these grounding the loop. you stop that.
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>> we are rapidly growing. we are really trying to keep up with the market. medical marijuana is such a huge industry. that is tough to keep up with. we have incoming calls every day. stuart: how much is one prize plant worth? >> 4000 to $7000. stuart: 41 plant? >> absolutely. 1 acre field would usually be about 500 plants that could yield approximately three to $4 million. stuart: where are these fields? >> they are on top of mountains.
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adt bowed out of the industry in september of last year. i do not think they wanted to be affiliated with as many clients as they were gaining. they have been calling clients think they will cut off the service. stuart: and that of people tough guys.security service >> no. they are investors. they are serious business people. pioneers in the industry. stuart: there are guys in suits trading stocks, but on the side, they have a marijuana field with a few million dollars? >> absolutely. stuart: now you are selling the
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product. why don't you just sell the security. charles: i cannot believe it. too bad you are not public. i would be buying the stock right now. >> that is what we are going for. >> right now we just had our first race. we need a substantial amount of money to keep up. stuart: i just do not see what is special about a bunch of security cameras looking at a pot field. >> in colorado state, we have a 12 page regulation that basically reads like a technical manual. most of the companies out there do not want to bother with it.
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one of these wall street traders has a pot field and let's say new york state. it is not legal to grow it in new york state. >> not yet. you are protecting it? no. we do not protect any facility or area that is not licensed. absolutely not. we believe in functional regulation. people assume things like that. we have to become a little more professional. welcome to the program. good to have you with us. congratulations. did president obama's health law put this pennsylvania girls life in danger. why did a judge have to intervene? doctor marc siegel is next.
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another excuse to run this classic from nancy pelosi. >> we have to pass the bill so you can find out what is in it away from the fog of the controversy. ♪ you hurt my feelings, todd. i di when visa signature asked everybody what upgradeexperiences really mattered... you suggested luxury car service std of "strength training with patri willis." come on todd! flap them chicken wings. [ grunts ] well, i travel a lot and umm... [ male announcer ] at visa signature, every upgradedxperience comes from listening to our cardholders. visa signatur yo idea of what a card should be. visa signatur a brand new start.
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your chance to rise d shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your businesis more reliable - secure - agile. and with responsive, dedicated support, we help you shine every day of the week. ♪ stuart: you have to be watching the dow jones industrials today. bernanke is going to issue his report on the economy on wednesday. it does not look like he will be slowing down the printing press. who knows what they will say tomorrow. let's run with it. a big idea.
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a lot of speculation about what the company will announce. boeing announced it will announce a larger version of the 787. over 100 orders for it. that is $30 billion worth of planes. san antonio spurs took game five of the nba finals to beat the heat. they have a three-two lead. they had to miami for game six. doctor siegel is next. ♪ . to get a list of equity options... evaluate the with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens, and i helped create fidelity's options platform. it's one more innovative reason serious vestors are choosing fidelity. now get 200 free trades when you open an account.
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♪ stuart: you have heard it many times. if you like your health plan, you get to keep it under obamacare. i want to bring in charles. it seems like the unraveling continues. aetna has 49,000 people who will now have to get different coverage. maybe a different doc there by the end of the year. charles: this is happening in california. the state that has been the most compliant. we have little brats all over this soup. it feels like at some point it will all come off at the same time. it is happening over and over
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again. if you cannot make this happen in california, obviously, it will not work anywhere else. less than 25% of medical students become primary care physicians. less than a quarter of the people who emerge from medical school. i find that crazy. i want to bring in doctor mark siegel. >> another thread. obamacare relies on the primary care dr. to figure out what care you need. they will be gone. we will be 90,000 physicians sure by 2020.
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we are getting an increase in medical schools. not an increase in the number of residencies. there is no ability to train more doctors to take their place. the doctors that we do have will not choose primary care. stuart: i find that an incredible statistic. less than a quarter of them will treat me and you and other people like us. the obama administration is saying to not worry. we will let nurses prescribe. we will let other people the doctors will step in. what do you make of that? >> i think that the level of you are not going to get the kind of care that you are expecting to get. you may not get the procedure ordered in exactly the same way.
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it is apples and oranges. we need nurse practitioners, but we also need primary care. the experience that doctors and you bring to the table, -- you see the difference between a teaching hospital and nurses, even young doctors and people who know their stuff. it is night and day. stuart: there is one othee topic i have to move on to. remember the case, obviously of the young girl, ten years old, she could not be on the list for the lung transplant. a judge intervenes. she gets a successful lung transplant. would i be exaggerating if i
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said that the secretary was exercising a death panel type judgment. >> i would agree with that. when you have scars resources, you need to ration. it is something that is inevitable. somebody will have to get it and someone will not get it. the person that gets it should be the sickest. all of the doctors that i spoke to said that she should be at the top of the list. she was young. she would do well prognostically. they said that children should get young lungs. some will get and some will not. the ones that will not maybe i. that is a death threat.
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stuart: we are calling this market a horse race. netflix is one of the big winners. why is it uu so much? nicole: it is leading the s&p 500. this will bring on 300 hours of new programming. it is a deal that obviously brings more available to those netflix subscribers. netflix is trying to gain those subscribers. they brought back development. you can watch all 15 episodes on a sunday, perhaps.
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this is the name of the game of streaming video. stuart: netflix is up significantly. charles is going to make us some money now. charles: it is china's amazon. there are a couple of other companies that make the same claim. these guys have really gotten their act together. recently, the growth markets have been soaring. 13% year-over-year. the value of the things they sold in the first quarter are up. i think they will keep it going. i really love the way the stock is acting. in january 2011, it hit $33 a share. i think it is living up to the hype right now. longer term, it goes up.
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stuart: this is coming in from the supreme court. the supreme court has struck down a law in arizona that would require you to show proof of citizenship to vote. struck it down. florida governor rick scott is pulling a rick perry. come on down to florida. build your business here. business friendly. it may be working. some examples of big-name businesses that have indeed with the florida. governor on bringing them down. the first example is hurts. >> we just offered some sun and fun. a great tax and regulatory environment as well as a quality educated workforce. those are the three things that
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drive business to florida. we are open for business here in the sunshine state. stuart: you did not give him something special. it was just the attraction of florida overall? >> we reduced their income tax, personal income taxes. >> you also brought in a company. you brought them down to florida. i am not familiar with them. tell me about it. >> 700 employees overtime. high-paying jobs. somewhere between the $7,080,000 range. they will go in southwest florida. from a tax standpoint, whether you are -- florida remains attractive because of its tax
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and regulatory environment here. lastly, you know, education wise, some ten years ago, governor bush made a real effort to put real resources into k-12 education. we have seen dramatic education results. parents given the opportunity of choice. florida now has two of the largest education management companies in the country. stuart: you are here to tell us that it is working. low tax business friendly. ease up on the regulation. florida is one of the clear winners in this? >> big winner. today, governor scott is in france touting the aerospace and aviation inddstries of florida. this is a constant drumbeat.
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the right business opportunities for businesses to come on a one-way ticket and relocate here. stuart: we appreciate it. thank you very much. president obama's approval rating really is tumbling. obamacare. i will call this the summer of discontent. i will have my take on that next. ♪ everybody has different investment objectives,
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ishares by blackrock call 1-800-ishares for a prospectuswhich includes investment objectives, sks, charges and expenses. read and consider it carefully before investing. risk inclus possible loss of principal. ♪ that is louis armstrong. can you really go into business with friends and still remain friends and actually make money? here is the star of the hit show shark tank. congratulations on the success of that show. congratulations on you being such a successful investor your self. here is my problem. you must be crazy to go into
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business with friends or relatives. you make business decisions based on friendship. don't you? >> that is not often true. i went into business with great friends. you really want to go into business with strangers and end up being enemies? that may be even worse. stuart: i want to go into business with a bank. or investors that are just interested in making a profit. >> i got turned down by 27 banks until i got together with my friends. i would not have had that without the friends. stuart: are you still friends? still friends. still making money. we love and hate each other at the same time.% stuart: i wwnt to talk to about
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this thing that miller light is putting out here. there is a contest i think, amongst entrepreneurs to win a $400,000 prize. >> miller light is basically a contest where friends get together and they pitch against other groups of friends. the top prize is $250,000. there are other prizes. this is a nationwide contest. they are giving entrepreneurs the chance to get funding. you do not have to give up any of your company. you do not have to pay back the company. stuart: thank you very much for bringing this to our attention. we appreciate your success. congratulations all around. >> thank you.
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stuart: here is what i will call the summer of discontent. away from the beach and barbecue, america will not be a happy place this summer. there will be discontent. and lots of it. we will be looking for answers. we, the people are demanding answers which, so far, we have not received. the back drop to all of this is obamacare. here it comes. throughout the summer, the president promises will seem to be empty. millions of will not keep the policy that they like. millions will pay more. millions will not keep their doctor. you can see the discontent rising already. the level of discontent depends on how things are reported.
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my second prediction is that the establishment will not allow this president's approval. i expect the media to drill on the under trillion dollar deficit this year or the slow but steady economic recovery. we have already seen a germanic the client in scandal coverage. expect more of the same. the elites will never abandon this president. all government all the time. that is what they want. here comes a summer of discontent with the media desperately trying to change the subject. let's see if my colleague lou dobbs will offer any tweaks to either of those predicaments. he joins us on the phone now. lou: i always listen to what you say. i happen to agree with everything. i do not think that the
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discontent will rise this summer. it appears that this economic recovery is holding. we are watching markets that are still 50% higher than they were at the beginning of this calendar year. i do not believe that the establishment will contribute to any discontent. focus and feedback are search and late vigilant. stuart: i think that you are right. i think that the media will concentrate on the positive. you can call that a positive. they will concentrate on the slow, but steady recovery. that is all it is. if we are all far barbecuing and go to the beach this summer, we
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will not be concentrating on the irs scandal or the snooping scaadal. maybe you are right to tweak it in that respect. lou: i believe that the country right now is so overwhelmed with this resignation of business. what will determine the outcome is when -- stuart: well said. both of us would dream of the day when the republicans divorce the elites. [ laughter ] lou: dream away. the billionaire mayor at it again. trying to regulate how you get rid of your leftovers. more after this.
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♪ ♪ i did? when visa signature asked everybody what upgraded experiences really mattered... ou suggested luxury car service instd of "strength training with patrick willis." come on todd! flap them chicken wings. [ grunts ] well, i tral a lot and umm... [ male announcer ] at visa signature, every upgradedxperience comes from listening to our cardholder visa signature. your idea of what a card should be. how old is the oldest person you've known? we gave people a sticker and had them show us.
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we learned a lot of us have known someone who's lived well into their 90s. and that a great thing. but even though we're living longer, one thi that hasn't changed much is the official retireme age. ♪ the question is how do you make sure you have the money you need to enjoy all othese years. ♪ ♪ stuart: i am pleased to tell you that there aren't lots of winners on the stock market today. by the way, all 30 of the dow 30 stocks are in the grade. we have netflix.
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one of the big winners. a deal with dreamworks that will bring 300 hours of new content on the netflix streaming service. dreamworks are up. man of steel sword into theaters this weekend. it ranked in $125 million. the highest june opening ever. the comedy "this is the end" came in second. there is a financial angle to the story. the judge is next. ♪
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♪ stuart: the supreme court has struck down a law in arizona that would have required you to show proof of citizenship to register to vote. judge napolitano is here and standing by. arizona is batting zero. the supreme court ruled that when congress enacted the national voting requirements act it set down standards that the states must follow. the question was, can the state add to those standards, or are they stuck to them? wait a minute, the constitution
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says we have 50 separate state elections. the states decide what the standards are for voting. the federal access are you a citizen? you check yes, or no. stuart: the end result seems to me to be if you are not a citizen, you can register to vote and you will blow. >> arizona had a system for that. now gone. stuart: new york mayor, michael bloomberg, plans to announce a citywide mandatory food composting for everyone. >> it is interesting he is doing all of this in the last year of his 12 year reign.
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i think this will probably suffer the same fate as many of his other programs. stuart: if you have any leftover food, you have to put it into a separate container to be taken away by the garbage people in the garbage people will take it to a compost site. >> this is more to the convenience and money saving of the sanitation department. this has nothing to do with the department. >> it will not save money for the garbage people. now they have an extra thing to take to an extra facility. stuart: why is he doing this? >> you own your garbage. he likes to tell people how to
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live. stuart: are we going to get any pushback, charles? charles: yes. >> the bikes are a disaster. charles: i think that they are a disaster and i cannot wait for them to go away. he is going from state to state to try to influence. stuart: he is spending his money. >> if he loses on stop and frisk, it will be a monumental thing for him. stuart: you will recycle that ham sandwich? >> no. [ laughter ] stuart: $100 million of your tax dollars being set on the first families summer trip to africa.
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russian president at the g8 summit. by the way, he may still need to explain it to the american people. join us tonight at 7:00 p.m. eastern. ♪ stuart: that was a good promo. you like strada six. >> we have been on three days a lot. this is one of the professional ones. last year, revenues were up 30%. that income was up 60%. the professional side, i think that is what will really rise. it is these big machines where you try out things from the automotive industry. that is where this company is. if pulled back recently. it goes right back to 96. i think this time it breaks out.
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volatile numbers, but worth writing. >> the stuff that they can do on the industrial side boggles the mind. stuart: the white house defending the family's first trip to africa. >> do not worry about the potential hundred dollar price tag. the president trip is being characterized by officials as having a lasting impact. is there really a lasting impact worth nearly $100 million? charles: at this stage of the game, i do not thing so. i can see the president wanting to get there before the term is over. africa is a growing area. we are letting china take over everything. the fact of the matter is china is the one doing the smart
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happy to hear that. we did not get a single negative comment until now. here they come. charles: we have a great audience. send e-mails, smart, passionate. most of the credit goes to you because it reflects you, stuart, it really does. you get up at 3:00 in the morning. it is an amazing show. you play a big part of that. stuart: it is thre 3:33. charles: and you set th always p before the alarm. stuart: always. now yours. dagen: now we begin the q&a portion of the program.
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edward snowden appearing on the guardian website taking questions. open sesame. apple and other tech companies reviewing the number of requests may have received for customer data. major milestone, homebuilder confidence soaring to new highs not seen in seven years. and why would vladimir putin's want a super bowl ring? that and so much more coming up on "markett now." connell: all right. dagen: why would you want a super bowl ring worn by the patriots? connell: a huge rally on wall street. i was posting the first negative comments on the facebook page. dagen: did you know i get up at 3:30 in the morning?
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