♪ ♪ imus in the morning ♪ ♪ >> well, this definitely isn't a short week for your moneyment good morning, everyone, i'm charles payne in for stuart. this is a big week for the economy, we've got big numbers all week long ending of course with the jobs report on friday and investigators are going to be watching and reacting. that means your 401(k) is in play. stocks look to rebound this morning and of course, also

watching day two of protests in egypt. not thousands, but millions in the street two years after they ousted mubarak and now they're furious at mohammad morsi. oh, here is your obama head scratcher today. liberians recruit today sell obamacare. "varney & company," we're about to begin.

. stuart:. well, we woke up to just a horrible story out of arizona this morning where a fast moving wildfire killed 19 firefighters. investigators say lightning sparked the fire that destroyed at least 200 homes and forced hundreds of residents to evacuate. now to egypt. country wide demonstrations there enter their second day, we're told that millions of protesters demanding the resignation of mohammad morsi. they stormed the muslim brotherhood headquarters and more than a dozen people have been reported dead after

sunday's historic protests including one american. e-mac, let's talk about this for a moment. i think we championed the arab spring although we didn't know who we were championing and a lot of people said this is what we would get. >> they ransacked the muslim brotherhood's headquarters. that's a big deal. this shows a leaderless nature of what's going on in egypt. listen, when you have a country whose gdp is less than the revenue of wal-mart, you've got to say something is wrong. they doesn't have an opposition party in the government that's strong enough. instead of the opposition party, the demonstrators are the opposition party and trying to get their act together in egypt and democracy there. >> and partners, they don't spot each other after the nsa edward

the important jobs report on friday and markets look to open higher. the opening bell is next. the boys used double miles from their capital one venture card

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you, where are you? are you one of these guys rooting for good news or bad news on friday? >> well, i'm a professional trader so to be honest with you, i'm rooting for good news, because i think that will drop the market and if you're a bull you'll hope for bad news and get rid of the tapering cost and have more qe. >> in other words, still in bizarro world. what do you think it's going to be. first of all, tell me if you know how many jobs were free the last month. what's your prediction, good news, bad news? >> i think it's going to be bad. around 150 or 140,000, a little below the 175 concensus that i think that people are looking for. with that being the case, more talk of more qe and the fed not getting in the way and bringing the markets higher. unfortunately, a lack of volatility for special traders and your viewers out there. i think we all want good news to

be good news and the market is open and we want to check the big board right now. we were indicating up, and the dow up 29 points, as you can see right there. i want to start with the big names. we're watching closely of course, shares of blackberry and they take almost 30% on friday after the company reported a huge loss. major disappointment and any bounceback there this morning, nicole? >> let's take a look and you have a slew of analysts piling on and cutting the stock across the board. the stock down another 3%. as you noted, it lost about a quarter of its value and operating profits going forward and they don't see that to be promising. not a good story. >> and pandora in the other direction, what's going on there. >> it's different. look at pandora, a new high, you've had the analysts touting pandora, it's up 6% and today, morgan stanley from an

overweight to neutral. . charles: all right, nicole, thanks a lot. everybody is waiting for the next big thing from apple. could it be apple, well, could it be the watch? apple's applied for a trademark, the i-watch in japan. this is another signal that the gadget maker is turning their focus towarable devices. as you can see apple shares are at $5 helped by a strong buy. we haven't seen one in a while, a strong buy from raymond james. i want to get back to nicole and talk about the worst performing stock in the dow. hard to believe, but ibm. any life for ibm? >> a lot of life, .7%, so it's an up arrow and you know, obviously, anybody who owns it would rather see it up than down. because on friday, we saw it down 2.3% and remember the news from accenture. it's interesting, as you noted. it's a name that's been beaten down in the last month. >> it certainly has. it will be interesting to see what happens. and maybe the bad news is baked in. thanks a lot, nicole. >> joining the company now from

sarasota, florida is david cotok. and david, what we're starting to see, finally investors are selling out of bonds. is this the beginning of the long awaited great rotation into stocks? >> well, it may very well be. we, we've seen the shock, the first salvo in the bond market was vicious. and if you look attthe -- what has happened because of it, charles, you had treasury selloff starting in may with bernanke's first set of comments, you've had two fed meetings and now a monstrous amount of fed speak trying to clarify all this. meanwhile, the home mortgage interest rate in the united states is up almost 100 basis points from the low. are we going to get some slowdown in the u.s. economy? if we do, you'll see this tapering talk stop. because the fed will have realized they created a setback. in that case, bonds are a buy,

not a sale. >> wow, so in other words, it's still day-to-day today. because of course, everyone came into the year saying bonds you had to sell them and most experts still more or less agree that you've got to sell bonds here, they've had a decades plus long run and maybe as a consequence, stocks are the only place to be. how does it make the jobs report. feels like we're living and dying op these things? >> well, the fed said they're data driven, meaning they wait to see information and change policy. that's a poor way to run this railroad. fed actions effect tomorrow, not yesterday. the data report on friday is yesterday's news. we're going to see it for the first time and economically we're going to make estimates, what do we know? we have estimates. if you raise interest rates, you slow things down. if you raise taxation, you slow

things down. if you sequester a budget, you you slow things down. so the fed has piled on with communication strategy. next, we blew out spreads in the bond market. you have high grade munis, by five. that's a tax equivalent in a high tax state in new york or new jersey of 9. that's cheap, where are you going to get a 9 taxable return compounding for the next bunch of years. so some aspects of the bond market are a buy today and high grade tax-frees are one of them. we're buyers of them and that week. charles: we've noted that, very few people brought up that point. we'll talk hopefully this week, see you soon. >> thank you. charles: things aren't getting better in europe. unemployment in the euro zone, 12.1% in may record high and greece back in the crisis if

they ever got out. >> greece is waiting for the 10 billion, the tranche of the loan. and greece on the brink of collapse, they were suppose today do government benefit reform, notably redundancies. the problem is that the imf is at the risk of breaking its own rules if they allow to delay reform. >> they've broken all the rules. and the ratios that everyone promised. almost all of that was thrown out the window and none have credibility. and argument from the left and austerity for the most part to spend higher taxes and it's a gut wrenching thing to go through. and greece has been on the back burner and things seem to be moving along and the headline it's still the same and it's in spring again and meeting the seasons of revolts and protests and problems with what's going

on. >> the revolt-- >> europe as a whole. >> i wonder, have they coded themselves in such a welfare mentality that they're too easy to vote? you look at youth unemployment in italy, spain, portugal. this has driven the egyptian kids out into the streets. and these guys are at home chilling out. >> exactly. it shows-- it's striking, even sweden, sweden has the highest jutte joblessness in the oecd. who would have thought sweden. so, you're right, that european model is breaking down. charles: big time. thanks a lot, liz. it's about to be a nightmare in san francisco. public transit workers have gone on strike and it could paralyze the kwi. 400,000 left without a way to get to work because the union wants a bigger raise. we're going to bring that to you at the top of the hour. now i have the honors of 7 early movers. and first majestic server, and target inspect. remember the 52-week high was

24. we've got a gold expert coming on later. precious metals have they bottomed? that's the question this week. intercontinental opened a hotel and no snowden reservations, but buy to hold at deutche bank. nokia going to buy out siemens on joint venture. 2.2 billion. wall street likes it. nokia has got to get its act together. pandora we've heard nicole talk about. pink floyd couldn't hold them down and morgan stanley says it's going to 48. >> and 91 mega watts of power in thailand of all places, and of course we talk about tesla. rumor or not, previously a target of $70 on it, a big move here, and pharmaceuticals, have rejected a takeover bid from amgen. now, i think that amgen offered

120. look at the screen. $131. that suggests strongly, wall street thinks it will be another bid. significantly higher than the first one. keep an eye on the stock. let's check the big board, we opened slow and look where we're at now. 100 points and another triple digit session at least this time in the right direction, speaking of which we've got to talk about gold and sank to $1200 an ounce. last week the worst quarter in fact in history for them. and the question, has it bottomed? is it time to buy? i know you want to know. we get your e-mails and your tweets and we might have an answer for you and an expert coming on after this. clients are always learning more

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>> the dow was up 100 points. 14,999. 15,000 is a psychological point. it would be good if we could close above that number. we haveenew rules for truckers going into effect today and truckers required to take a 30 minute break every eight hours on the road and can work no more than 70 hours a week. ironically enough, instant news on the screen and you have three of them up at least 20% or more this year and up big today. ryder is unchanged. and 12 companies dropped paula deen and random house will not release the latest book, and liz, i don't know, it's her point, you wonder if the punishment fits the crime?

she's losing millions and millions and millions of dollars liz: her empire is crumbling and the queen of butter is basically, maybe falling off the map and the problem is, i think, what's going on. people don't believe her apology tour, there was too much dissembling, and self-justification going on. and also, foor of the books paula deen was contracted to right has been canceled and did hit shelves, basically started to hit shelves and ranked number one on amazon. charles: i don't know if there's anything left to take. everybody dropped her and the book seemed like maybe a quasi silver lining and now this. at some point i think there will be a backlash, a small ground swell of people who say, listen, we're not supporting what she said, but we think that she's being overly punished for this, particularly, what i read is something that happened, she said 20 years ago. >> it was recent, too, there was a recent indicating she admitted to using the n-word.

she has to say, i was absolutely wrong and never use it again. charles: i don't know that she'll get back to the total, but where she is now is the abyss. speaking of the abyss, it's hit in the last quarter, a huge move. and bounced off the 1200 mark, really strong. and we want to bring a gold watcher. and david, the first question, friday, wer 1200, came back and found buyers, do you think that's the inflection point? >> well, it's really tough to say, it's a very interesting time for gold right now. testing these $1200 levels is certainly a slap in the face for the gold that's been pushing for all of these years and interesting, when we look back in april. there was a $200 drop in gold and that month, the amount of gold sold by the u.s. government, physical, that's taken possession, went from

60,000 the month before, to six, no, i'm sorry, 10,000 ounces and went over to 60,000 ounces and up to 200,000 ounce was that drop. now that it's gone down another $200 since that time period. people, a lot of them are on the sidelines and a lot of oil going to cash and a lot of people thinking there may be a little bit more down side to the gold. >> now, here is the thing though. it feels like we've got an odd bifurcation here. physical gold to your point. the demand is insatiable. they want to put the gold somewhere and that's their security blanket. etf's unwinding the gold trade seems to be the thing, selling begets selling and unstoppable. at one point does one stop the other. >> are not conceptual

buus it's like a tech stock or a gambling stock. and the gold believe it's a store of wealth and life insurance, you don't buy it thinking it's going up or down, you buy it because of the thought of the emergencies. >> the fundamentals, you've got an uncertain economy, weak currency, you've got entitlement spending, an unbalanced budget and one of the places of refuge is physical gold is the way to protect yourself against the dollar having trouble. >> all right. david, well, we're at an important point to your.. we'll have you back soon. and find out indeed if this was the inflection point and the reasons for buying it. and you laid them out nicely. thank you a lot. we appreciate it. you know, ikea's founder is one of europe's richest men and cheapest men and he left sweden

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>> let me tell you, the lead singer from cracker, pandora played his songs millions of times, and look at the stock, an upgrade from morgan stanley and this is obviously one of the stocks to watch today. now, 1973, one of europe's richest men left sweden in favor of financially friendlier denmark and switzerland because of the high income taxes back home. now after three decades, the ikea founder is planning the move back home and wants to be closer to his family and old friends. >> and this is a guy frugally recycled tea bags. >> his volvo is 20 years old. scuffed up shoes, takes the bus, takes the train. when he takes the bus he insists on a senior citizen's discount. >> i love it. fantastic. he founded the company what, at age 17 in 1943, his wife passed away. >> and why he's moving. >> an interesting wrinkle about the story, sweden is cutting

taxes so maybe that's also a, you know, incentive for him to move back home. >> the big story when you've got guys like this, that's creative and they were moving out and a there was a table and it didn't fit. and that's the inspiration. people who can innovate and think. why do you chase them out of the country for high taxes and create kids who don't want to go to work anyway. too lazy to protest. it's crazy. by the way, it's just, i love this guy's story, but i wish stuart was here i'd be cracking on him. and this guy might be cheaper than stuart. stuart is tighter than two coats of paint. >> who is cheaper. and some say our debt make us look weak to the rest of the world. monsters university number one at the box office.

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charles: here is that we have for you. san francisco crippling a major city on a monday morning.

plus, it is not the scandal making us weak or appear to be weak to the rest of the world. it is our debt. so much for hollywood and of the world mega- blockbusters. the isn report. ♪ charles: the dow is gaining a little bit of momentum. up 124 points. that is exactly where everybody wants us to be. it is a manufacturing report that is extraordinarily

important. first, i want to go to nicole. nicole: we all discussed takeover. today, yet another analyst upgrade from jeffries. charles: we went to breakfast yesterday morning. when people see these cars, they like them. they are very attractive. the idea is whether or not they will get enough battery power. nicole: is that in new jersey? what time was that? charles: it is in bergen county. [ laughter ] charles: thanks a lot. we were waiting for this i sm

number. 50.9 in june. we should let the audience know the market has gone higher. manufacturing was improving. this after a very bad number last month that shows that manufacturing was contracting for the first time. we are up now. we are nearing 140-point rise. for me, it was more of a market phenomena in a financial phenomena. this is important. the dow is now up 150 points.

>> this is compiled from a survey of manufacturers. now that we have a better number versus the prior month, that may undercut that narrative two, >> we want to talk about momentum. if we can just sort of put that away and have a market that trades. it is bringing in any greater clarity. the s&p is up 15% in the first month. we did have a drop last month.

if you do see a slowdown in the economy, the fed will have to step back in. >> we have a great analyst coming up. charles: all of the stuff with the nsa weak, the and confidence, that is embarrassing. it makes us look bad to the rest of the world. >> if they do not, our whole economy turned into a recession. ecuador, believe it or not caught they are part of the opec nation. when the president says we are

not going to scramble jets to find a 29-year-old hacker, what he is really saying is we are in big trouble here. the result of that, we cannot really be as strong as we want to be. that is what the viewers need to know. it is a big deal. we cannot be the leader in the free world like we used to be if we have to borrow money. charles: we are going to keep borrowing money. the rate that our government grows. this really means that we receive further and further and further.ave certain things. do not forget the fact that we are weaker every single day that we print money. everyone who says that the dead does not matter, taken economics lesson and realize it does.

we are losing power. we are losing respect because of our fiscal that. >> both men -- putin seems to have zero respect for america. almost laughing at us anytime something important comes up. we do not have quite the swagger that we used to have an influence we used to have. that is not how we will win the war in terms of trade.

we are getting weaker and weaker. charles: when it starts to truly impact their wallets, what number is that? >> i do not know what that number will exactly be. our costs go up and our economy gets weaker. i do not think that there is an exact number. the respect overall for this country is deteriorating. if we have the swagger that we had before, we would not be sitting there in some area in russia in an airport where they were turning it over to us. charles: i guess that happens. thanks a lot.

we always appreciate it. i want to go now to san francisco. the first in 15 years. the work threatens to delay some 400,000 commuters this morning. they are asking for a 5% raise for each of the next three years. either way, they will get more money, but they are really tightening the screws for the maximum amount. it has them lecturing america on privacy and freedom.

>> this is really interesting. it may not be the case. i think snowdon is more of a symbol. they are not willing to touch it. they do not want to touch him. that is because -- [ laughter ] >> that is not because any other country took him.

charles: i know that you try to spin this. he will not be scrambled fighter jets. for me, what the message was we only have two options. we scramble fighter jets or we do nothing. that is not leadership. i am a criminal defense attorney. when someone is running, they will soon run out of options. the part about, the fact that there was information that we were possibly spying is very dangerous and very scary.

it is pretty scary. charles: president obama landing in tanzania just a few hours ago. has he accomplished anything? >> sure. i think it is about diplomacy across the country. across the world. he was fighting two wars and putting ends to them. you are less on the defense. charles: $100 million. this is the kind of trip that he should have taken after all this.

he is meeting with officials. he is meeting with the government. there has been a big push back against politicians from either side of the aisle. this is a big push back. >> i push back on him a lot. a bad couple of years. charles: thank you very much. nicole: i had to rub my eyes when i saw it myself.

it is true. one of the reasons why you have analysts now counting best buy is because of the agreement that they have been doing with microsoft and samsung. having that store within the store should help. charles: riding these companies off too early is a big mistake. a report on the irs scandal is coming up. david asman has the story. all about a former democratic governor. that is next. ♪ with the spark miles card from capital one,

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estimates continue to go up. at the very least, it goes to 61. it could probably go a lot higher. one progressive politician from montana set up a nonprofit that appears to be spending 100% of its time and money on its political future. >> the irs has been very busy. if you are a liberal group and in fact your liberal group is doing something you should not be doing, you are greenland right in there. he is a big player in the democratic party.

it could shift the whole source. he set up an organization called the council for sustainable america. they have the same post office box as he does. an organization, this is a packed. they are allowed to conduct business. they made a big contribution. we have been unable to find out exactly how this organization does where it is exactly. we went to 1666 connecticut avenue, suite 500. it is a nice building. nothing that we could find about the american sustainability

project. what did they spend money on? well, that is a good question. most of it is expenses. $65,000 in expenses. the woman who is the director and president of it is named constance milstein. she is from a real estate family in new york. it is a 5o1c4 organization. it seems clear that this is a political vehicle.

when he went on a tirade against these he was project doing the psychological term. right after the organization made the $300,000 contribution to the american sustainability project, it is right after the initial donation. >> the founding fathers did not account a system where they would choose profit or nonprofit.

unions are set up as nonprofits. >> the irs has been used too often as a political tool. apparently, it has been picked up again by this administration. she was the one who really spotlighted this. charles: unfortunately, the ones that have not are resurfacing. who will be assigned? who will be representing america on this? there is something wrong. >> we will continue to. >> by the way, we have tried to call the american sustainability project.

as i said, we set a reporter there. we are trying the best he can to figure out who represents this organization. what they do and as far as we can tell, all they do is hold cash. charles: thanks a lot. it is not over for the irs official lois lerner. she could be back on capitol hill within a few weeks. did she waved her fifth amendment right? some lawmakers beg to differ. the judges reaction to this after the break. >> yes, she has the fifth amendment to remain silent. she could have sat there and said nothing. we had a witness this week who said nothing. she did not. ♪ friday night, buddy.

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♪ >> a check of the market, the big board up 159 points, not a bed session. to nicole now because apple also rebounding in its above 4 # 00. >> it's interesting because we had raymond james digging heels in with a $600 price target on apple, upgraded to a strong buy talking about while the short term is choppy and the long term

talked about the growth that they foresee for apple and the people, the high income user base they have growing 30% each year. also, the fact they have phase two underway, and that apple productses are used in things like autos, television appliances, and other areas we don't necessarily think of. they are digging legals in saying 600. >> all right. i tell you, i like raymond james a lot. they are decisive with the research, and, obviously, apple's benefiting. thanks a lot. i want to talk about the troubles who continue for lois lerner. she's hauled back to capitol hill, butment question remains, did she waive her 5th amendment right? her attorney says no. in fact, here's the quote. there was no voluntary about her statement protesting innocence, invoking your right not to answer questions which is what she did is not a waiver. legions of authority are on our side. all rise, because we've got the

main authority. judge, legions, legions -- >> depends who you put that in front of. there's authority, and i was discussing this earlier, there's authority both ways meaning by authority. there are judicial opinions interpreting what constitutes a waiver, and some opinions say in support of lois lerner that i did nothing wrong is not a waiver, but anything articulated beyond i invoke my right to >> this is a gray area because i didn't do anything wrong took you 30 seconds, but she had a statement that was five minutes long. >> yes, her statement, as i recall, the specifics, and correct me if i'm wrong, i didn't break any law, i didn't violate any irs regulations. that level of specifics levels the argument. where will the argument be made?

in order to be held in contempt, the house of representatives has to hold her in contempt, not just the committee, but the house. say the committee recommends -- calls her back, says you have to answer, she refuses, and the committee votes to recommend contempt, and the households are in contempt. that citation is sent to a federal judge who will hear it and say, okay, you're held in contempt. you talking? no, you're in jail. at that point, her lawyer and lawyers for the house will argue whether or not the statements she made constitute a waiver, and then that judge rules on it, and whatever side rules on it loses to the district. >> sounds like, i mean, that's the time line on that seems extraordinary. >> yes, it couldn't happen overnight. could be resolved by the end of the summer, say by the time congress comes back. >> really? >> he other thing that can happen is immunize her, and immunity can be involuntary. she doesn't have to accept it.

if the congress, not the committee or house, but congress immewizes her, she loses her fifth amendment right, has no right to claim, and she must answer everything, and what she says cannot be used against her. this is what happened to north, immunized by the congress. who can forget the three days of interrogations. they didn't use the answers, but he was convicted, and then the conviction was reversed because they were not supposed to use what he said against him. >> so lerner is so important to the story because she is the one that senator levin wrote to saying your response on looking into conservative non-profit applications is, quote, slow, it is unsatisfactory. she was the one getting letters and pressure from possibly ten democrats or more. we don't know if it goes town white house, but that's why she's key to the story. >> yes. >> where does court cases fall down on whether or not what she did is under -- is right under

the constitution? where does that break down? against or for her? >> the majority of cases say statements with that level of specificity she used, i didn't do anything wrong, didn't break the federal law, i didn't violate procedures to constitute a waiver, but there's cases from courts saying, oh, a general denial is acceptable. putting aside politics, the majority of authority would characterize -- >> that was not a general denial. >> much more than that. >> it went into some detail. >> judge, her -- >> her lawyer's right, there's cases to support him, but more against him. >> real quick, veer at edward snowden. the american library association had a big meeting, you know, the president recruiting librarians to push obamacare, but the first thing they voted on was to recognize him as a whistle blower who in releasing information, government attacks on privacy, free speech, and

freedom of association performe@ a valuable service. field like a lot of people moved from him as something as a hero, and here you have librarians saying he is. how are you felling about this? >> my own view is that his revelation was an act of moral courage. two oaths he agreed to comply with. one is not to break any secrets, which is an et emanating from federal statutes, one is to uphold a constitution. when they conflict, you obey the higher. i believe he had a moral obligation to reveal that the government, on a massive scale, was violating fundamental and protective constitutional rights so i agree with the librarians. i acknowledge that his behavior is not easy to defend. why did he go to hong kong and what's he saying to the chinese. >> why in bed with wikileaks. >> is he talking to the russians? what's the connection to ecuador. in my view, it's not diminishing

the personal courage and heroism of the original revelation, but i acknowledge it's not easy to defend that because we don't know what's going on. >> judge, thank you very much. >> pleasure. >> big names, big budgets, big flops. a running theme of block buster movies this year. the end of the world destruction of society, they are all losers. the real winners have been animated films like monster u. that's next. >> all right, okay, very funny, sullivan. >> you look great. >> you know, if you prank someone, the least you could do is think of something clever. ♪

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get protected now. call the number on your screen lifelock protection risk free for a full0 days. use promo code: gethelp. plus get this document shredder free-- but only if you act right now. call the number on your screen now! >> not even rain stopped tens of thousands of protesters in hong kong demanding china live up to the promise to allow fully democratic elections in 2016 coming amid growing fears of increased meddlingly by jink's communism party leaders. liz, they have a reason to be worried. >> they do have a reason to be worried was there's news reports china was involved in the elections to the point of helping to rig the elections in the country's favor, and for them to be out in force and in the face of a typhoon tells you that this is a serious issue for the protesters there.

they are marching, chanting, and undetoured by the rain hitting them now. >> undetoured also, by, i don't know, 10-20 years ago, this anywhere. >> it's the youth coming out in full force. this is a true pro-democracy protest happening in hong kong right now. >> commie that is smart -- they are smart not to meddle. speaking of smart, "monsters university" took the top again second week in a row. we are joined, and kelly, all the dramatic role -- world ending block busters are beat by do-good cartoons. >> i'm going to slightly disagree with you there, charles, and i so rarely do on the subject, but "world war z"," only the fourth this week, but

it's the 10th best grossing film of the year. it's already made -- i think -- >> i think that's the brad pitt lover if in you, losing objectivity. >> maybe, i have to be careful of that, but i make an exception for animated kids' mew views because if they are well done like "monsters university requests, they are number one because they draw more people. there's entire families going where, you know, stuff like "world war z," "the heat," r-rated movies limit the audience. the top ten now, i argue half of those are basically about either, you know, the world going to hell in a hand basket, the world ending, and 11 and 12 are too. i think, yeah, monsters did good this weekend, did very well, but hollywood is still focusing on the end of the world, and people are still going to see those films. >> listen, you go to the movie theet eric and there's, like, ten movies playing, and eight are world ends, you watch the

world ends, but there has to be a clearer theme here that the big name stars all yearlong, and, really, seems like over the last couple years, come up short, and some of the theme, i mean, at the end of the world, a lot have really anticapitalism messages and anti-american messages, and it seems like those things are not working. >> well, you know what? here's a perfect example of that is after earth. that had will sbiillions in thex officethat movie did not do well because it was a poorly made movie. in this case, i think you're right. it is interesting. you know, the world, you know, we might argue the world is going to hell in a hand basket, but not the way hollywood portrays it. for example, you know, i would say, you know, half of the movies on the top ten are about terrorists, terrorists taking overrthe world, but are they the actual terrorists who are trying to take over the world or at least attack america and other western countries? no. that's not being portrayed.

the terrorists are always these sort of pie in the sky make believe, you know, old-style terrorists that nobody in the world these days is just one guy deciding i'm going to take over the world for money. that's not the way terrorism works these days or what hollywood shows in the movies. >> does hollywood, you know, pay attention to this? because -- in other words, at some point, okay, put aside the political agenda and pay attention to the numbers, or does it really matter for them in -- >> it's rare, and i think it's actually what you need is a director, a writer with a vision. last year's "the dark knight rises" was about the world coming to an end, and that movie had interesting theisms about the financial crisis, capitalism that was actually relatively pro-freedom surprisingly, but that was because it was christopher nolan, you know, a really serious guy behind the film. most of the films, you don't

have somebody with a serious mind. i mean, that movie was co-written with his brother partly based on a tale of two cities and the french revolutimost hollywood block bu, the writers probably never read a dickin's novel. >> maybe a graphic novel. >> exactly. >> before i let you go, then, so essentially, maybe the idea then of good story, good story writing, good acting makes a return to hollywood. i tell you, with the sequels, prequels, part ones, part twos, originality faded other than the cartoon-type movies. >> it's frustrating. i mean, as someone who reviews movies and has to see them all, we had "hangover 3", "man of steel," how many superman movies in the past? "star trek: into darkness," all the movies, no creativity. there's no -- if they want to talk bad news, there's no shortage of it. early in the program you talked

about the debt. you know, unemployment rate is awful, only not as bad as it is because there's so many people who gave up on looking for work. i mean, wound that make an interesting story? you know, americans struggle to get by, but they don't focus on that because it would be -- the answers are the ones that they don't want to accept. >> kelly jane, i know you gave "world war disr" a break because of brad bit, but we have to let you go. there's breaking news. have a good afternoon. >> thank, charles, have a good one. >> a large group of protesters have entered -- are entered in cairo for the second straight bay. egypt's military gave politicians 48 hours to meet the demands of the people, and president obama said we are watching what's going on in egypt, and quote, concerned saying morsi has more work to do to achieve a true democracy. all right. well, the administration's final

pr push before obama care goes into full effect now, well, the white house is asking your local librarian for help. that's right. that's next. ♪

♪ >> gas prices down again overnight. the national average for a gallon of regular gas dropped to $3.48, down eight cents in the last week, lowest level since january, but on the other hand, oil's going straight up as you see, up 1.47, $98 a barrel. the price of gold, and 18 now at 1242. could the iwatch be coming soon? apple applied for a trademark for the wearable device in japan and shares of apple are having a great session up 2.5% at the moment. pandora, though, not doing bad either. 52-week high after raised to overweight to equal weight, target 24, and shares up 19. the dow up 146 points. the obama administration used hollywood elites and now they are asking someone else, someone interesting to help them peddle obamacare.

>> the latest recruits to promote obamacare, 17,000 rebrairians across the country get people information to sign up for the health care law. joining us is betsy mccoy author of "beating obama care," and how do you beat with with the nfl, nba, all the stars, and kids telling parents to join it. >> they don't have the sports stars. they decided to stay on the sidelines. >> for now, for now.

>> yes. the librarians, appropriate and refreshing, the fact is that librarians are purveyors of information. people go to the library, and, you know what? who else reads this other than a librarian with plenty of time at the desk? you know what? as refreshing and appropriate as it is, and i don't think there's any money involved, that's not come to light, it's really diverting attention from another less appropriate, n., down right unethical way to conduct outreach, and that is what's happening, for example, in california. the department of health and human services made a $921 million grant to the state of employment. first, they said they could have the money, passed a law saying voter registration was part of the exchanges, and then they made 48 grants, a handful going to health care organizations. the naacp got 600,000. >> right. >> nciu got 2 million, and

aflcio got 2 million. they are in the business of signing people up to vote. that's not appropriate. >> the thing is libraries operate on the taxpayers' nickel and e-readers and starbucks make libraries obsolete. i love them. i worked in one growing up. >> i didn't see you in the library. i was always there too. >> well, isn't it weird they repawrp -- repurpose librarians? >> that's important because it's unlikely they reach young people, less likely go to the library than people 50 and over who are less adept at finding information on a computer. >> i got a problem with this, i'm shocked you don't have a problem with it. it's one thing for a librarian because i went to the website today, the american library association, and they talked about how last year 28 million people used their computers to get information about health care. okay. you don't have access to a

computer. you go to the local library. that's one thing, but to promote the plan i think there's something wrong with that. >> promoting it or informed so that when people come in and ask about it, they point them to the right resources >> the library in dallas, since dallas is a conservative state is that when you get there, open the computer, go to a local library in dallas, get on the computer, and you see obamacare there, good things about it, and -- >> that does make me uncomfortable. >> the opening screen? >> right. >> that's uncomfortable. librarians should be prepared to offer information. >> in fairness, they also used to explain the medicare drug benefits; right? >> that's right. it's a public program now, and people need places to get the information. much better than the sciu. >> best thing is probably going to beat itself, something this big -- >> that's right. look at the "wall street journal" headlines, this morning, double digit increases doubling for young people.

>> do you have a system on that, by the way? >> thanks a lot. >> any librarian who wants to volunteer -- >> okay, guys, turns out that jenni from the block should have done her homework. jennifer lopez singing "happy birthday" to the head of state with questionable records on human rights. that's next.

>> jennifer lopez sings "happy birthday" to the president of tukrmistan over the weekend, but there's a problem, he is one of the worst human rights record in all of asia. she said she would not have performed had she known the facts. >> how would she not? they are the most repressive countries for decades, second only to north korea in the way it sensors the press and treats the people. it's really hard to fly if you're a citizen 689 it's hard to fly out of the country on foreign travel. >> if that happened four years ago, okay, who knows the politics there, but after we saw beyonce, 50 cents, usher, all heavily criticized for taking money and performing for the gadhafi family. since then, you'd think someone in the camp with, you know,

would check up on nations -- >> good point, right. >> and then, of course, the money came from china; right? >> that's another point, too. apparently china petroleum corp. sponsored this concert j-lo gave for the dictator. the story can't get more complicated. >> she took chinese money, and, of course, their record on human rights is, i think, over the week they brutalized their ethnic minorities as not so great, and this country not great. i wonder how much show got. >> i wonder too, go ahead. >> she apologized; right? >> yes, and beyonce donated to charity after they were criticized. >> after they were busted. okay. more "varney and company" after this. 's markets, a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price -- maybe even better than you expected. it's all part of our goal to execute your trade in one second.

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sorry, mom. announcer: it could cost you around $10,000 in fines, legal fees, and increased insurance rates, and that could set you back a few years. buzzed, busd, and broke because buzzed driving is drunk driving. ♪ right. but the most important feature of all i.. the capital one purchase eraser. i can redeem the double miles i earned with my venture card to erase recent travel purchases. d with a few clicks, this mission never happened. uh, what's this button do? [ electricity zaps ] ♪ you requested backup? yes. yes i did. what's in your wallet? charles: it looks like we havv a real legitimate market rally going on.

>> it is gaining momentum. you will see volatility in this holiday shortened week. we will be on a bungee cord. charles: this is an interesting week. and lot of people a here today. >> i think the consensus is right in line with forecasts. i think you are absolutely right. charles: i hope that they would shut up. let the market go up on good news and bad on that news. let's ask connell. he is here.

connell: a novel idea. very well done. agencies bugged eu diplomatic offices. getting the u.s. ambassador to explain this breach. we will be talking about it with steve moore. also this morning, or then 400,000 commuters looking for work in the san francisco bay area. shut down by striking workers. we have a new government imposed schedule for truck drivers.