♪ imus, imus, imus in the morning♪ >> ben may move the markets today, but the government will make you mad as hell. good morning, everyone, try this for size. irs people to get $70 million worth of bonuses. brazilian cotton growers will get $147 million and we'll soon be sending the checks to rio.

as we're handing out all that, cuts at walter reed medical center and the president threatens to veto a small cut in the food stamp program. what a government mess. and then there's ben, watch out around lunch time when he reveals, we think, the printing plan. here we go, "varney & company" is about to begin. friday night, buddy. you e gonna need a wingman. and my cash back keeps the party going. but my airline miles taworldwide. [ male announcer it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards

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>> fresh outrage for you on "varney & company." no surprises, it has to do with big government wasting your money. according to republican senator chuck grassley, the irs is about to pay out 70 million in employee bonuses this year. even after the administration issued an order to cancel discretionary bonuses because of the sequester, that's item one. item two, the president threatening to veto, 3% cut to the food stamp program.

costs taxpayers 80 billion a year and the president says just that 3% cut will force millions to go hungry. and millions in farm subsidies for brazilian cotton farmers. and how much of your dollars are headed south? 147 million of them to brazil. while we're sending millions south, the government is cutting care to our veterans. about 2400 civilian workers will be furloughed at walter reed medical center this summer, because of the sequester. let's remind you, the president is about to embark on a 100 million dollar trip to africa. what a mess. and the markets, this is the biggest news day for the stocks for the year so far. ben bernanke very much in focus. will he stop printing? we are reading the tea leaves for you today. ♪

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♪ >> that song by the way is benny and the jets. get it. that's why we played it. and ben bernanke has a 2:30 p.m. eastern. and big day for the markets.

what will ben say? prior to that, i'm heading to chicago. let's bring in tres knippa. why on earth are you at work so early in the day? nothing's going to happen until ben speaks. >> there's a crude oil at 9:30, i'm here for that. and don't forget that ben bernanke is an economist. is it possible that some of it, the tone of his discussion when he -- if he projects some kind of papering, don't you think that anything he does, he'll say, well, if we don't, if we want, we may go back, et cetera, et cetera, et cetera and keep it so vague and open-ended that i think it will be hard to trade off of. but is the fed going to change the policy and let the rates rise? no chance of that. stuart: stick around, i want to ask another opinion of you just in a moment's time. right now, i'm waiting on the

opening bell. we're expecting a flat to slightly lower market this wednesday morning. okay? of course, you'll see him right here on the fox business network. the bill has just stopped ringing. we're off and running and there's -- where are we going this morning? a slight down side move and i'm expecting pretty flat for much of the day until lunch time and then things may change. we shall see and you can watch it right here. fedex, all right, now, we use fedex as really an economic indicator. how good is the economy generally? fedex earnings tell you. they're telling us that business is pretty good. so, nicole, what's happened to fedex stock in the early going? >> what we're seeing is the stock is up 1.7%, and international package volume is lower, and they face intense

competition, they said that the folks were switching from the more expensive price here, premium package sending to lower cost options and the stock is up 1 1/2%. so, i don't know, enlighten me. and what is the good news here? it didn't seem like good news to me, or at least not yet. >> i'll give you good news from an investor point of view. >> what more do you want, young lady? okay. i checked the dow, as we suggested, flat to slightly lower, and 15 seconds of business. two other stocks that we're watching, tesla, they recalled 800 of their model s electric cars, there's a problem with the mounting bracket in the back seat. it's dead flat this morning and then dreamworks animation, they put the shrek franchise and more on netflix and make an animated series for netflix and

their television business expected $200 million annually. their stock is up another 2%. a wrap-up where the markets stand before ben reveals all. and gold, here is where we are. we are still way below $1400 per ounce. boy, that 1371? 1371 an ounce. and 1371.30. the price of oil, now, that's interesting, that keeps moving upwards closer and closer to $100 a barrel. 98.56 this ben day morning. then to the big board, dead fllt. 3 points down, that's it. now, what i want and you think you do, too, is a clear opinion of what ben is going to do and say. we have the guy to deliver it. former fed economist david jones. all right, i've got two very straight-forward questions for you. number one, when will ben slow down the printing presses?

>> this september at their policy meetings. the fed chairman may hint at that today. >> okay. next question, how much will he slow the printing down? >> by stuart, that amount of 85 billion in monthly bond purchases will be cut in half. >> whoa, wait a minute, that was short, sharp, and very much to the point opinion there, dagen. david. and you say by diesel have cut it in half to maybe a half trillion a year, that's it? >> that's it, stuart. >> just out of interest, what do you think will happen to the markets when that's announced? >> well, look at those 10-year bond deals, stuart. they've moved up from what, a low of 1 1/2% to now 2.2%? so that market is starting to anticipate it. the market's going to have trouble, as the stock market, stuart. it's been running up, up and away. it's going to get a rude awakening when that papering

begins. stuart: david, we like you, you're an expert, andshort, sharp and to the point. david jones. when we're talking about ben, you're really talking about interest rates, as youuheard from david a second ago, so i want another expert opinion on where rates are headed. and here is ken fine, all right. mortgage rates 4% right now. >> yes. stuart: what's your opinion where mortgage rates go from here? >> mortgage rates are going to rise and by this time next year, i would say a 30-year fixed patriot mortgage, which is sort of the standard, will probably be a good 50 basis points higher. stuart: that's not a catastrophe. >> not a catastrophe, 4 to 4 1/2%. >> could be 4.75. stuart: that's a 30 year fixed, and takes a year to get to

4.75? i think that's a very optimistic forecast. >> optimistic for the market and the economy, put it like that. >> i think so. i think the fed will do everything it can to keep short-term interest rates low. i don't expect them to rise significantly until a year from now, about june, 2014. but the long-term rates will continue to float upward. i think the 10-year bond, for example, at 220 now is going to continue to float up. a lot depends how rapidly the tapering off is actually. stuart: let me summarize here. long-term rates, as in mortgages. >> correct. stuart: 4% now, going maybe 4.50, 4.75. got that. and short-term rates do you think they'll stay low well

into next year. >> i think that's what the fed wants that to happen. stuart: you disagree with david jones, if you think you're going to cut the money printing in half surely short-term interest rates would rise a bit on that. >> i think they would rise slightly, but i don't see them accelerating to the degree that he had forecast. stuart: okay. so, should i be worried? if that's your forecast, short-term rates stay low in the next year and long-term rates rising a little next year, should i be worried? >> further out you should be worried. i'm trying to figure out how the fed is going to unwind its balance sheet, three larger than-- you were at the community bank. >> correct. >> people came to you for a mortgage. >> yes, they did. stuart: if we get to 4 1/2 per year, do you think that people will still be flocking in for mortgages? >> he thi i think you're going e a rush from now and a year from now and taper off as people start hunkering down and see

how rapidly they rise from there. i think that two years from now, three years from now, rates could be significantly higher. stuart: bearing in mind what youusaid, i would be inclined if i were going for a mortgage. i'd be inclined to lock in the lowest rate on a 30-year fixed right rate now. i wouldn't touch an adjustable rate. that might go through the roof years from now. and 30-year fixed is where it's at. >> that's exactly what consumers will start doing. stuart: okay. a confident prediction. thank you very much. >> thank you for having me. stuart: yes, sir. to nicole, la-z-boy, why is that so big? . nicole: they're facing increased costs and the stock is down 4 1/2% and the income that moved to the earlier results the prior year that they don't have this time around and they're facing

another thing, incentive compensation. i'm sure a lot of companies deal with this, to try to keep the best players in your company and they're saying that it's actually costing them a lot of money, as well as marketing. they are doing well and same-store sales and they do have margins that are to the upside, apole industry segment is a good area for them, they're doing well, but the summer months now that they're entering into, they're not seasonally a good month for them and they're noting that. and so now they're entering in their season. so, this is not good. stuart: got it. i do not have a la-z-boy. thank you very much, indeed, nicole. i'm going to quote to you from the bible. first timothy, for the love of money is the root cause of all kinds of evil and now, a new study is out that says, yes,

that is correct. dr. keith ablow totally disagrees with that. check the big board please and this is ben bernanke's day and it will be around lunch time when he's printing money, not much change in somebodying -- in that. and banks do snooping, i say that justifies the snooping. the judge will disagree and we'll renew the debate. the star of the hit show "dirty jobs", he's here, mike rowe. why are we losing so many blue collar workers in america? he's got the answer for for you. and the man has an alarm clock that shreds had a $1 bill if you do not yet up in time. and he will not be breaking news, remember, you can't shred real currency. >> and a bonus hour of "varney

& company" next week. we will be on at 9:20 until noon. can you stand it? the guests lined up all week long. all right. the ford f-150 best selling clients are always learning more to make their money do me. (ann) to help me plan my next move, i take scottrade's free, in-branch seminars... i use daily market commentary to improve my strategy. plus, their live webinars.

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get your first prescription free we replaced people with a machine.r, what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to real person 24/7, you ne an ally. hello? ally bank. your money needs an ally. >> all right. everybody. they dragged me outside to try

to sell me a ford f-150 truck. mark is in charge of the process of selling the ford f-150 truck. welcome to the program. >> thank you. stuart: here it is behind us, okay? how much? >> this is the platinum, this is our top of the line. this truck as it sits $53,000. stuart: oh. >> of course-- >> 53? >> now, this is-- >> 53,000 for a truck? >> this is a truck. it can be with any luxury vehicle out there. we have a wide range. the work truck $24,000. stuart: this is the top selling truck for 36 straight years and top selling vehicle overall for 31 straight years. >> that's correct. stuart: i'm going to point something out, i've got a farm, a dodge truck. 2006 model and bought it brand new for $17,500, basic, wind up windows, 17-5.

do you think you can sell me an f-150? you've got 30 seconds. >> well, the f-150 the best combination of torque, capability and fuel economy why it's the best selling truck and because we've got a broad range, you can get the truck tailored to what you need it to do from productivity standpoint to a luxury truck like this if you want to ride in style. stuart: how about we open it up. i can touch this this i think. >> yes. stuart: that's luxury. beats my dodge. what features? >> standard 8 inch tough screen with standard navigation, your full set of large knobs and buttons for the controls. and in cluster screen that gives you applications leak towing, off road app as well as fuel economy cages and the speeds, luxury leather on the-- >> wait a minute, wait a minute, you're selling this to farmers? you've got luxury leather seats?

when i'm getting in my car, i'm going to scratch the luxly leather. >> when you're working on the form, you can get an xl or an xlt more of a work truck, more designed for that. this is a truck you're taking when you're taking the wife into town. stuart: $53,000. what would you give it to me for? >> we could work on that. stuart: we could work on it. ptuart: the first number with a 4. >> we could definitely get a number that starts with 4. could you scratch it to the first number being a 3? >> that would be a stretch. stuart: a stretch. how many do you sell. >> 700,000. stuart: of the f-150? >> of the f series. last month, may, was a good month for us, over 71,000. stuart: you build them in america? >> build them in dearborn, michigan, and in missouri. stuart: over 30 years, that's

fantastic. >> fantastic. stuart: and we're on our way to 37. after this commercial, and for the f-series truck, you're sure you can't get the first number down to a 3 as opposed to a 4 or 5. >> maybe we can take it during the break. stuart: speaking of which, there is a break coming up. and this is the gold report. and i'm not sure i'm going to buy this thing, but look at the price of gold. back in a moment. that's 13, what? 1373, not bad. the first number that works. back in a minute. ♪

>> breaking news. this just in from the president's speech in berlin, quote, we have to have economies that are working for all people not just those at the very top. he said that a moment ago in berlin. the number one story on wall street journal.com, candy crush

saga probably going public. what am i missing here? >> and dwight gooden, we'll ask the man they call doc, how is he staying clean? and is the money the root of all evil? dr. keith ablow is here and his resounding answer, no. all of that new at 10:00. >> wouldn't you think when a program doubles in cost in four years you might be able to cut pack just a little? especially when that program is riddled with fraud and you don't have the money to pay for it in the first place? no, think again. here is my take on food stamps. congress wants to cut, the president threatens a veto. not a big cut, 3%. they're going to take 2 billion out of an 80 million a year program. that's hardly slashing the budget and remember, the food stamp program has been vastly expanded during the obama

years, and more are signing up every day and even though the economy is said to be recovering. you've got the picture? it is a huge welfare program and there is had a proposal to shrink it a little. the president says, you can't do that. the cuts would be quote, unaccept unacceptedly big, and put increased hunger among millions, families, children, seniors, you try to cut it, i'll veto. welcome to obama's america, you can't cut, if you do, you'll be named as mean, cruel, and the president has bought votes with your money and changed the nature of america itself. remember president kennedy saying ask what you can do for your country? these days, it's what can i get from our country? my, how times change.

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discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives,isiochanges or eyeain, or problems passing urine. otr side effects include dry mouth and constipation. nothing can reverse copd. spiriva helps me breathe better. does breathing with copd weigh you down? don't wa to ask your doctor about spiriva. >> wednesday, june 19th, here comes our second hour. money is the root of all evil? ha-ha, nonsense, says dr. keith ablow. he's here. the canada crush saga, a video game, okay, getting more attention this morning than ben bernanke, amazing. two stars for you, a cleaned out dwight goodman, and mike owe, the dirty jobs guy.

why do they shovel out sewage plants. why? plus, we have the timetable, getting nervous yet? ♪ to the big board, it is all about ben bernanke today and whether and when he'll stop printing so much money. in the last hour, fed watcher expert, david jones said that the fed's going to cut the amount of money that it prints by the i end of this year. david asman makes a guest star aexperience this morning. first of all, i don't know what your opinion is on whether he starts to print less or when he starts to do it. you don't like him printing at all, do you? >> not the amount printed. there may have. a time in which we could have used extra in the market in the financial crisis, but 3.4 trillion dollars of printed money?

we're already seeing, again, the emergence of synthetic ceos and products that caused us to get into the mess in 2008. we have to get away from artificial stimulus whether it's the housing market or monetary policy. >> david jones says by september he'll cut the amount printing, and by december, cut in half. >> easy to say that. >> you would approval. >> the "wall street journal" says it's easier to get on the bull an off the bull. that's right. it's -- ben bernanke's got -- doctor ablow knows psychology. ben bernanke's not a tough guy. they of alan greenspan, a tough guy standing up to wall street saying i'm not giving you the money. ben bernanke doesn't have that attitude. he has to get tough. i don't know if he has the you know what to do it. >> both sides of the opinion expressed. >> i think he's going to wither. he won't stand up. >> jones says printing less. >> i hope he's less, but i don't

think he will. >> we'll find out. >> stand up to wall street. >> i want to know when we find out, specifically when, and peter barnes is in washington. you got to give me the tame table, everybody is hanging on ben and every word. something coming out, released at 12:30 eastern, or is my timetable mixed up? >> for this event with the press conference, stewart, we get the policy statement at two o'clock as well as with the new economic forecasts. those are released at two o'clock, and that's when we report those, and then at 2:30 #, we have the press conference. >> now, what kind of press conference is it going to be? last time, as i recall, he had preapprovalled, prescripted questions. they were handed to him. he took his pick about what was going on answered. you're in that press conference. do you have a chance to ask a

free range question? >> yeah, no, to my knowledge, they don't have prearranged, prescripted questions, an i don't believe that's the case. however, there is a tradition here as there is at the white house. you know, at the white house with the daily press briefing, they start with the associated press. it's not mandatory, but the tradition. over here, the tradition that's developed in the last couple years is they usually go to the "wall street journal" to start with the questions, and, you know, if they are prescripted, that's news to me. i've seen everybody ask very tough questions, and pretty much everybody here over the hour or so, most of the major news media outlets get to ask a question, including fox business. we're usually number two. >> right. outrageous. so, at two o'clock, we'll be watching the market because that's when we met the economic forecast, and the rest of the hour, reading in to what ben bernanke has to say and see if

that has any impact on the market. okay, everybody, that's the timetable, two o'clock eastern is the moment to watch, but don't turn off now, please. got that? nicole, get me out of this, please, the software company, adobe is making money. >> don't turn off now, there's important things to discuss here. adobe up 6.5%. you care, everybody cares, upgraded by bank of america, and the price target is $57. if yoo buy now at $46, you have upside potential. that's why you care. >> i think i just made the cardinal error in television suggesting that view ores might not want to watch the next couple hours. sorry, everybody. >> hey, we'll talk about the irs scandal and other stuff that's exciting. i'm hot to trot on this. >> excellent, baby, a fine wingman there got me out. thank you very much. a question of the day, is money the root of all evil? a new study says, yes, it is. researchers found that people

are more likely to make unethical decisions when thinking about money. joining us now, dr. keith ablow. so, go. >> i'm glad to be here for money. i like when people blame the object; right? it's guns, not the people who use them inappropriately. it's money, not the people led astray by it. listen, sure, if you're searching for money, you can go in the wrong direction away from your heart, chasing just the dollar, certainly, you can create ads that are irresponsible and unethical because you're trying to make moneyings but that's about you. that's not about the green back. it's a miracle money. it's a language through which we express the best of ourselves at times. >> our inherent fault, inherent in the human condition is that some of us, all of us, indeed, have greed. it is greed for money that brings out the worst in us.

the worst is in us, and that's what's coming out. it's not the money, it's us. >> sure, if you are greedy for material goods, what do you tell a friend? listen, what do you really want to do? money also happens to be the way that people reward you for being a great artist, for creating a company that's real instead of printing money. see, printing money is a sin; right? making money for real, gold backed money, that's a miracle because it's an expression of the truth in commerce. >> what about me? i'm -- >> well, this is a long discussion. somebody like you, we don't have a comp. let's say somebody like you, yes. >> i'm financially ambitious, i like making money, i like piling it up, i am ambitious, but not greedy. where's the line between greed and ambition? >> you're not greedy. you are an achiever. if i thought for a moment that you didn't love what you do and didn't want to accumulate money

as a symbol, as your just desserts for expressing yourself and informing the public and the rest of it, i would take you asaid, and say, listen, you can't do this work because you don't love it, you do it for the money. >> doctor, doesn't have have to be neurosis in here, at least in terms of fear? don't you have to be a little bit afraid? we talked about this before. we never let a penny on the floor go by without picking it up, am i right? we are afraid that eventually we're not going to have a terrific job that we have that pays us a lot. does fear play a role? >> sure, fear plays a role, and that leads people to do things that are not the truth. in other words, i think about advertising, you know, convincing people to buy things they don't really need. now, when you do self-reflection, is that the business you really want to be in, or do you want to create goods and services that are absolutely productive and things that people will truly value? by the way, the reason the market is good in my opinion and

when messing with them is bad is it is the fundamentally decent companies that create products people really want that survive and thrive. you know way the language is in money. it's a wonderful language. >> y'all missing something. >> what's that? >> there's great joy in piling it up. >> okay, now -- >> there's no joy in spending. spending money. there's joy in piling it up because money capital is liquid freedom. you can create, you can do, you can make things happen with money. what's wrong with that? >> well, i would only caution you this from a psychological standpoint that the money is -- since it is a language and because it is like serum or blood running in your body, keep it flowing. you know what? you're a worthy person. if you want to buy, what was that tie?@ 150 or so? have that tie. why? because you earned it.

if it's finer because it's single needle tailoring and reflects well youssef mejri, that's fine. >> he's like the cartoon character sitting on the pile of gold, aren't you? you want to be on the pile of gold. >> financially rich in feeling, we love you, we want you to buy something today. >> i have the original thing from the scrooge mcduck cartoon op my wall. @% i knew it. i have not seen that, but i knew it. >> it's in the vault counting the pile of money. >> your idol, is he not? >> is there salvation for me? >> saying to yourself why do i think i need the war chest piled this high? you'll always be ready for battle, my friend. you're an able and commendable warrior. >> wow. >> you're going to get hit back. >> you can take more risks than you have. >> that was a great segment, really was. will you do it again sometime? >> yeah, and we can continue to

meet three times a week for an hour. we'll get it right. three years, five years? >> what are they saying in my ear you wouldn't believe. >> well, yeah, are you sure, or are you just hearing it? voices? i just wanted to know. >> i hear the clink of money. thank you, doctor. >> my pleasure. >> senator chuck grassley reveals the irs is about to pay out $70 million in union bonuses to irs workers. david, go. >> you know, the key -- i am outraged, obviously, how could you not be outragedded at this?e budget, tapping into our bloodstream and taking it out. there's a point here. if you find out exactly who passed out bonuses, you might find out the secret to the irs scandal. who do you please at work? your boss, the guy who pays out promotions, and the bonuses. if we find who pays the bonuses,

you may find out who is targeting the tea party. >> ablow wants ten cents worth. >> again, staying close to the truth. when you have a government agency that's crossed a line and, you know, trampled on fundamental american liberties on the constitution, it's not a good message to put out, to be giving out bonuses. you don't do it in company. >> well, maybe you buy in silence. here, is $70 million worth of bonuses -- >> they've been doing it for a while. the point is the people who have been targeting the tea party have been behind these tea party slapdowns have been working for bonuses, an they got it in mind that if they slap down the tea party, there's more money. >> i think that's true. the bottom line is that anything -- i think there's a campaign to disspirit americans, and it's from the oval office, and anything that can be done to

suggest you're outrage is ill-founded. you shouldn't be outraged at the %-to bonus them.se we're going you must have been wrong. >> more on the outrage front. how about this? two examples, more -- two examples, okay. number one, while we pay out bonuses to the irs, the government will also give 147 million in cotton subsidies to farmers in brazil. that is part of the farm bill. second, president obama threatening to veto that same farm bill over a proposal to cut the food stamp program by 3%. he says you do that, millions will go hungry. david, reactions to that. >> ties back into what keith ablow was seaing. the question is individual responsibility. people, we have to have policies based on supply and demand, the economy, or individual responsibility if it's a welfare program, and that's the void. see what's happening with the obama phones, recently, more information they are handed out

freely. it's got to stop. get back to individual responsibility. >> that's exactly right. the truth rules always. subsidize an industry in another country, you think you help, you are not, you weaken them. people on food stamps, yao not feeding them or teaching them. you are weakening them. they can't get off the dull. >> we did like this segment, doctor. that's why you stayed throughout ten minutes. >> well, yeah, there you go, usually it's 50. >> doctor, thank you, appreciate it. the head of the nsa's program foiled a plot targeting the nee york stock exchange. next, the judge and i renew the debate over the merits of snooping. will he budge? >> i think it will be politically successful because it galvanizes opinion. i don't know that the courts accept it because the government has written legislation making it impossible or nearly impossible to sue the government.

>> tesla recalling 800 of the model s cars. why? there's a problem with the mounting bracket in the backseats. it didn't hurt the stock, up two bucks at 105. fedex posted this morning. a profit from feetexground and lower jet fuel prices up three bucks at 102. watching the market this morning, of course, don't expect much to happen because later ben bernanke holds that press conference. right now, the dow is going nowhere, down just 26 points. it'll move when ben speaks. game seven, miami heat beat the spurs, 103-100, and heat fans headed for the doors when the

team was down five with 28 seconds left. ray allen sacked a three pointer to force the game in over time, the teams face off for deciding game seven, thursday night, miami. wait for it, the judge, oh, oh, here we go.

♪ >> make a note of this all next week, another hour of varney and company, going 9:15, ignore that graphic, 9:15 to noon next week only. david asman will be with us in

the eleven o'clock hour, and david has more on the irs scandal, this time, all about liberal nonprofit groups that were, indeed, fast tracked for tax exempt status. david, quick tease. >> these are organizations that did not deserve it because thigh just wanted politicians legislated so they were fast tracked to get nonprofit stay taws not deserved. i have details. i have the irs forms. >> thank you, david. the nsa surveillance program prevented a bombing at the new york stock exchange and 45 other possible attacks around the country, says the fbi. does that convince the judge to change position on snooping? here's the judge. >> you got to be kidding. you believe the government's jar begin that served search warrants on the associated press, james rosen, fox news, that lies and cheats about benghazi, and the irs, the same

government that decides which information it keeps secret and which information to reveal??3 of course it's going to make itself look good. >> the devil in the details. here's details. the fbi assistant director says that they got holder in kansas city, an al-qaeda fundraiser because of electronic surveillance, got him, two other people, one who did a scouting job on the new york stock exchange, e-mailed reports on how to bomb it, and some guy in yemen, the fbi was watching, rolled them up, called the lot. they didn't mention they used electronic surveillance or mentioned the bombing because they didn't want to reveal the surveillance. i put it to you, judge, that's a successful prfs of terrorist agent. >> enaput it to you why do you believe what the government says? >> did they lie to congress? >> yes, they did lii. >> these details are inaccurate? >> i don't know that that was a lie, but an example of a

seriously misleading statement made to congress yesterday. general alexander -- >> you can't do that. >> well, -- >> this is an example, we've got the details of owl electronic surveillance, which you don't like, prevented a plot to bomb the new york stock exchange. >> and you believe that in the face -- >> saying they are liars? >> i have an example, i'll tell you. general alexander, do you have the ability to read e-mails and listen to phone calls? response? no, we do not have the authority. >> yeah, that's not -- >> they have the ability, but not the authority. it is not -- they will mislead, they will confuse because they're goal is not to keep us free. their goal is not to keep us safe. their goal is to stay in power, and they don't care about what laws they break. they don't care about the constitution. they just care about staying in power. >> we have a total disagreement. >> i would say we do. >> yeah, we do. i want to advance for a second. >> sure.

>> within 10-15 years, surely, it's true to say america will be faced with nuclear terror. some of the guys will get a bomb and may well park it in new york harbor. >> wait a second -- >> i think that's the truth, isn't it? there's a strong possibility we'll face a nuclear bomb parked somewhere in america, and, judge, i want to find out about it before it's parkedded in the harbor. >> well, so do i. >> we're talking about millions of deaths. >> so do i, dear, but i want to find out about it under the law consistent with the constitution. i don't think it's worth the destroying the liberty of the country in order to save a country without liberty. >> they got warrants for wiretapping, surveillance of e-mails, something wrorng with that? >> the fisa warrants? >> yes. >> where you get everybody's e-mail and phone calls looking for two people? profoundly unconstitutional. >> only your interpretation of the constitution that says it is unconstitutional. >> who am i talking to?

of course this is my interpretation. do you want somebody else's interpretation? >> if you get this wiped out, they can't do this, they can't do this. we miss a bomb plot with a nuke, we miss it because of what you have done, will you take responsibility for what you've done? >> will the fbi take responsibility for the boston marathon? they are listening to the e-mails and the phone calls of everybody in the country, and they left two pot smoking idiots kill three and wound 250 people in boston, and you call that success? >> no, it was obviously a failure. >> so there's not enough? >> i'm not saying that. i want to know if somebody parks a nuke in america in the future, and i don't want anybody in the way of that. >> don't they have the right to be left alone in great britain. >> changing the subject -- >> that's what that is the the right to privacy is the right to be left alone. they are telling me to shut up in my ear. >> this is ring side, it's great. this is the best seat in the house. >> we do this for a living every

time this time of day. >> we mean this stuff. we are good friends. you have a good seat. >> i do indeed. >> thank you for the pleasure. >> i know one thing you both agree oh, by the way, the president says there's no war on terror, but uses the weapons of the war on terror, hypocritical, is it not? >> nicely put. >> nice ump. >> congratulations on the additional hour. >> thank you very much indeed. i trust you might be with s. >> i might be. >> we'll all be there. %-stuart, let him on the show, e queen's coming as well. [laughter] >> all right, enough of you, i'm sick of it. >> i think we killed the commercial break. >> i hope we didn't. we have to pay the bills. it is an app. it's called candy crush. did you know it was a game? why was it the most read story in the "wall street journal"? well, we got to get into that, and we will, next. ♪

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>> straight to nicole, net flick expanding overseas, the stock's up again, is it? >> that's right. more expansion overseas; netflix, a power house.

no way to say it. it's up 152 #%, it's been expanding since 2010, now more in europe, and now with the netherlands, they'll do that by the end of this yeerk, and when i was looking it up, they are the leading internet television company screaming tv; right? they have 26 million members, 40 # countries, and more than 1 billion hours per month viewing of tv and movies. i mean, if that's not a power house, i don't know what is. >> extend to another country for no cost, bring in revenue from the new country, that's streaming on a global basis, that's a big deal. >> and they have the dreamworks deal as well. >> tell me about blackberry. >> downgraded today over at bern steen, downgraded to under perform to a market perform. they are trading at 1 they lowered the price target to ten bucks from $15, so, you know, that's not good if you're a shareholder at $14, and they

say it's going to ten. >> i still love my blackberry. market dead flat in advance of the two o'clock hour when ben bernanke speaks and reveals all. not much going on, down four, that's it. this morning, i went on the "wall street journal" welcomes, and the most popular story was not the fed or nsa, but a game, candy crush saga. we have seen this before, zinga, the big hit, farmville, they just laid off 400 employees less than two years after the ipo. what's with this candy whatever it is is saga going public? here is a man who knows it all, fox news tech editor, jeremy caplain. what's this? >> i can't talk now, i'm in the middle of the game, come back later. >> you're young, young people play it? >> it's the most popular story on the "wall street journal," and on facebook and most popular

games down loaded for iphone and android. it's immensely popular. >> so what, so was farmville and mario 30 years ago and tetris. >> it's basically tetris. you connect roads and dots of pieces of candy. >> you play it, i see it on the screen right here, you.coop pay for it, do you? >> that's the very clever thing they've done here. same thing zinga did. it's a free game, and then in the game, after you play, they fill you on new levels, new ways to get ahead, tips -- >> you have to pay for that? >> you pay for that. >> pay for tips to win. >> additional levels to get ahead in the game. once you play for an hour, 99 cents to keep going is not a bad deal, and if you get a million or 10 million people to do that, that's a viable business. >> do you have any idea how much revenue they are bringing in at

the moment. >> i don't have the details, but it is -- let me tell you that the mobile gaming market is going to be a $10 billion market. >> yeah, yeah. >> that's what the analysts say. >> they go public, do an ipo with candy crush saga, i would not buy it because how do i know what cap di crush does six months down the read when it's no longer popular. >> that's the question. can they sustain this? >> i mean, what do you think? >> look at the game, it's stupid. don't get me wrong. i played it, i played tetris, everything. you have to get a feel for them. people are follow-up, but i'm not keeping on it. that's the problem zinga ran into, silly games like farmville, and every got annoyed at them. they are not good. >> our producer's 5-year-old daughter plays it. are you worried? >> i'm on the same level as her. same intertapement keeps me going in the morning. >> it's interesting. interested to see if and when they go with ipo.

>> the key to remember it's a big market. they are making money, enough to fuel an ipo and keep a company going forever? >> how will they price the ipo ?rks >> that's the problem were zinga. it's too darn expensive. >> i know why you have a blackberry because it's free. >> pree -- precisely right, thank you very much. >> it's company provided. >> asman is learning about me. >> inside your head, it's scraiy. >> jeremy, thank you very much. unemployment still high, milllons of people out of work, got it all. there's still opportunity out there. jobs are available. mike rowe from the tv show "dirty jobs," he's here. he tells us why jobs like this one, you're about to see it, are in high demand. >> this is miserable. ♪ look at that, i can't seem to get it out there. ♪

>> want to get energy level up, he's coming on the show shortly. speaking of jobs, a new poll on the work force, question, do you like your job? majority of people? not the case. gallup says 70% of workers hate their jobs. mike rowe next. the most free research reports, customizable charts, powerful screening tools, and guaranteed 1-second trades. and at the center of it all a surprisingly low price -- just $7.95. fact, fidelity gives you lower trade commissions than schwab, td ameritrade, and etrade. i'm monica santiago of fidelity investments, and low fees and commissions are another reason serious investors are choosing fidelity.

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>> mike rowe, know the name, sure you do, former star of the show "dirty jobs," traveling the country, highlighting jobs people do their best to aced void but those jobs, by the way, keep america running. in fact, the second year in a row, it is trade jobs that are in highest demand. guess what? mike with us here in the flesh here in new york today. mike, welcome to the program. >> it's a lot of flesh, thank you. >> i watched the sthoa, you did 300 jobs? >> 300 jobs, eight and a half years, every state. half a dozen countries. >> jobs people do not want to do, so the question is why were these people doing those jobs? >> happy, property prowess, both to a degree you wouldn't imagine. there's so many lessons from the show, a end people ask all the time if i learned anything, but the short answer is we, at our

peril, diminish an entire part of our work force in the way we portray them, the way we talk about them, and the things we aspire to. >> yeah, you made blue collar people doing difficult jobs look good. you made them look like they really were working hard contrary to what some people think. you made them look good. >> it was not hard. all we did really was show up and shut up. you know, i mean, we were flies on walls. we never did a second take. we had four cameras rolling, and my job was to assume the role of apprentice and spend the entirety of the day with the bricklayer, with a bridge painter, with a maggot farmer. >> you did it, didn't you? >> you had to. >> digging ditches. >> no cheating, had to do it. >> had it. >> i was paid to try. i was held to a low standard of competence, thankfully. you know, vis is a -- vis-a-vis my performance at the job, but it was to shine a light

on people who did the work, and now that the show's over, the conversation moved to, so what? what do we learn from it? >> what are you going to do to keep that respect for blue collar people going, what are you doing? >> in 2008, the headlines caught up with the show, and the skills gap, and, of course, unemployment, and a college education or some kind of education all became big, big topics. we looked at those things through the lens of dirty jobs, and i think i identified -- in fact, to be so bold, i think we may have solved the skills gap, unemployment,,and college loans right now because i don't think they are problems. they are symptoms of horrible advice, the horrible advice in question was hanging on the wall of my guidance counselors office in 1979, part of a pr campaign -- >> if the audience can't see properly, on the one side, a guy is graduating college, and on the other side, a blue collar

guy is sleepily says work smart, not hard. >> that's terrible. >> it's terrible. look, if you google it, if you google that cliche, you'll see it has infected virtually every aspect of our society. it's on products. it's the title of best selling books. it's the name of conferences and seminars. it's, on the one hand, a tired old stupid platitude, but on the other hand, it's the same advice that we continue to give today. i've heard you say this op your show. i really do watch you. a trillion dollars in student loans. that's federal money a lot of people hold the note on. that's a bubble; right? we've got high unemployment for graduates. we have thousands of graduates working in fields they didn't study for, and on top of that, we have a skills gap. 3 million jobs available in the trades, in commerce, in transportation. we're still -- we still talk about the trades, we still imagine this guy. >> yes.

>> right. >> we look down on that guy. >> we look down, but read the poster, have something more accurate, okay? this is what i did in my off time from dirty jobs, the worst advice i ever saw, redid it to something a bit more reflective of the times we're in, and my goal is to get one of these in every high school around the country, and at least, you know, to just start the conversation. >> good for you. >> this guy's in debt, he can't get a debt. that's me, by the way, assuming the role of the knuckle head. it's a little thing to do, but it helps us. we have a foundation, we push this -- it's called profoundly disconnected, the new website, doing what we can to draw attention to the opportunities that exist and try to retroactively remove stigma that keeps moms and dads from providing a real honest top-down look at the opportunities that exist. >> why don't you go back and do a new series looking at college graduates who, a, can't get it

job, and, b, if they got a job, they are mired in college loan debt unhappy. >> who would put that on the air? >> good question. >> do you know anyone? >> who would do that? >> we'll think about it. so much for being with us. all in favor of what you are doing. >> can i say one thing? all dedicated to your grandfather, you and i both grew up with grandfathers who were carpenters, and mine was a lens grinder. my lived to be 92, a happy man. a good life. >> happy, balanced, know who they are. >> yeah. >> #u yo know? there's a lesson there. >> the joy is in the piling up. >> oh, there it is. >> micro, we appreciate it. >> yes, sir. >> dynamite. dwight gooden, huge talent, world series champion has a book out about the highs and lows. a fascinating story. the former met and yankee is here. how does he stay clean and sober is a good question, and we will ask it coming pup. speaking of sober --

>> is this the new normal for gasoline prices? look at this, please. the national average for regular coming in at $3.60. i'm calling it a new normal, still high. oil prices hit a year high today, 98 bucks, well over, let's see what happens to gas prices after that. men's warehouse got rid of the executive chairman, george

zimmer, the guy from the commercial who founded the company 40 years ago. no reason given. shares coming a bit, but down a buck. ben bernanke speaks today, the market doing nothing, down a point, that's it. the 16-year-old took the title of "the voice" last night, the youngest to win the show since the singing competition started walking away with a record deal, universal music, dwight gooden in one minute.

>> at 19 years of age, the youngest sttrting pitcher in major league baseball history, winning three world series rings, named rookie of the year, won the cy young award, off the monday, addiction to alcohol, cocaine, affected his career. joining us now, the former mets and yankees' pitcher, the great "the doc" goodsen. great to have you here. >> great to be here. >> you are clean and sober now for how long? >> two years. >> how? >> the main thing was just to myself say i'm an addict, and to be clean and sober is a change of lifestyle, and making changes, sticking to it, letting people know how i feel. >> it's easy to say that. i learned i'm an addict, learned about the disease, and take it day-to-day, but it must be tough. >> it's tough, a lot of times,

where that's where you have to be hon education with yourself, the phone feels like a thousand pounds because when you go a certain way, it's hard to let them know, but the only way it works for me, i do that on a daily basis. >> i'm back now? >> back now, going to meetings, have a good support group, and just taking it slow. >> do you have daily meetings, weekly? >> twice, three times a week. i have a therapist that i see on a weekly basis. these are things i have to do to -- the what i have now is just -- keep it simple as you can. >> got to talk baseball. you were terrific. 19 years old, youngest leading starting pitcher in history. how did it feel, go on. >> i tell you, being a rookie, like you said, at 19 years old, a year and a half removed from high school, playing against my idols at the major league level,

things dream of as a kid. >> must be a rush. must be. >> it was. especially in 85, it was like a concert, and they were there to see you, you were the main event, a great time, even k like, as i mentioned, if we scored runs early, i didn't care if we didn't scare no more runs, i just wanted to be on the mound. >> cy young award. >> that was important because the year before i came close -- i lost a good pitcher by a couple votes, and to have gary carter as catcher was a tremendous thing. >> must have thrown a no-hitter. i'm an englishman. it was a no-hitter with the yankees? >> yes, you thought if it was going to happen it would be in the 80s with the mets at the top of the game, but things happen for a reason, and the day of the no-hitter with the yankees was a situation where my dad was ill. i was supposed to fly home and not pitch, but i pitched, he had open heart emergency surgery,

never made it home from the hospital, but he saw the game. the last game he saw me pitch was a no-hitter. >> after that massive success, how do you just walk away from that and live, i guess, a normal life? how do you do that? >> that's a very good question. it was tough. i retired at 35. i talk about that in the book as well where i wasn't ready to retire, but did because of the injury. you are not prepared for that, and i self-destructed with drugs and alcohol at that time. >> great to see you looking good. have you got a book out? >> called "doc: the memoir," it was therapy for myself and hopefully help someone in similar struggles i went through, a family member or friend. >> good for you, quite. it is good to see a man looking good as you do. doc gooden, and a welcomed guest on this program. >> thank you. >> see us again. >> definitely. >> tell us how much you make

from the book. it's a financial program. that's the way we aae. thank you. >> thank you, thanks for having me. >> i'm an early riser, 3:30 a.m. every day, for those who have trouble getting out of bed, how much would someone spend to wake up on time? we have a man on his product betting on that, that you will spend to get up at the right time after this. you hurt my feelings, todd.

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>> breaking news for you, a court in italy sentenced designers dulci and gabana to one year and eight months in jail, tax evasion. wow. all right. next guest, made an alarm clock that will shred your money if you don't wake up and stop it. that's rich olson, joining us now with the clock with him. rich, demonstrate please, we don't have the time. go. >> here we go. >> yeah? >> takes a second. here we go. alarm's going off. >> yeah. >> if you don't get the money out. >> ha-ha! that was -- that was monopoly

money i trust because illegal to shred currency. how much? >> how much to buy it? >> yes. >> it's not currently for sale, but if interested in purchasing, contact me via the website for discussion. >> why did you come up with a money shredding alarm clock? >> well, i saw the idea online, and no one had built it yet, so i looked at what components were out there, and it cost $40 to throw one target, ordered the components, pieced the pieces, and it took a day to build it. >> okay. if you sold it, how much would you charge for it? >> that's a great question. i can't speculate totally how it scales up in volume, but maybe 50-80. again, people contact me if interested. >> if i could -- i wanted to do this, if i took this alarm clock, i can put any note in there, a $50 bill in there, a 20 or ten or five? >> absolutely.

anything you can shred. >> not usually, but a few occasions i have where it was really important i get up in the morning. >> diddyou lose money? >> no, no, no. you get a few seconds. the whole point, of course, is you beat the shredder. >> you are incentivizing people to get out of bed when they are supposed to get out of bed, that's it? >> yes, yes. you got to get up and get to work. >> mr. olson, that's ad good idea. we like insenttives, and we'll put people in touch if they are interested. thank you for joining us, sir, see you soon. >> thank you. >> you wouldn't risk a penny! >> absolutely, not, never. i'm agas at the idea of shredding currency, good lord. shredding currency, good lord. more "varney" after this. when you do what i do, you think about risk. i don't like the ups and downs of the market,

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stuart: i want to thank david asman for being with us this hour of varney and company. today, david, you have a big guest. >> bernanke is known for being agreeable. the only time you have seen him get anywhere near being that is when he faced off with ron paul. you asked him whether or not gold was a currency, etc., etc. we have ron paul on today. 4:00 o'clock, we will know what the fed is doing. we will know how the market @eacts. stuart: 2:00 o'clock we hear from bernanke and 4:00 o'clock we will hear from ron paul. dagen, it is all yours. dagen: thank you so much,

stuart. all eyes and ears on bernanke. president obama touts our economy during a news conference with german chancellor. they have been back in the skies for just over a month, but the boeing 7873 minor, there is more problems there. walt mossberg is back. he says intel has not been out of the park. ♪ connell: a big day today. we have walt mossberg. it has been a while. dagen: new and improved walt mossberg. connell: we are waiting on bernanke. we begin with nicole petallides. nicole: good