here comes the weekend, and when that bell rings, you'll probably like what you see. good morning, everyone. the new record for the dow, 15,460. where will we open today? maybe just a little bit higher than that. we'll he see and on this program today, you will hear the prediction, 16,000 coming soon. the bad news on gas, sorry to say we were right. the spikeup in here. regular up sharply overnight and we repeat fill up now, because goes is going straight up from here. and taxpayers, i'm sorry, you're not going to like this. irs employees will get their $70 million in bonuses. the unions insisted. "varney & company" is about to begin with fireworks on the senate floor. with fidelity's options platform, we've completely integrated every step of the process, making it easier to try filters and strategies...

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>> two big developments today on the union front.

it involves your money. first, the irs. acting chief dan worth will try to suspend the 70 million in bonuses for irs employees and it was inappropriate given the scandal. the unions fought him and they won. line dancing, "star trek," political targeting, doesn't matter. they will get the money, 70 million, your money. and then there's this. fireworks on the floor of the senate between the two top senators, harry reid and mitch mcconnell. strong words, some would say a lack of decorum. >> it's a sad, sad day for the united states senate and if we don't pull back from the brink here, my friend, the majority leader is going to be remembered as the worst leader osenate eve. stuart: the issue at stake there, president obama's pro union, nlrb and pointees to it. harry reid wants to get rid of the filibuster and get appoint east through with 50 votes instead of the traditional 60.

and now look at the price of gas, please. if you listened to us yesterday and filled up the tank, you saved money. gas prices rising 3 cents overnight, 8 cents in the past week. 3.55 is the national average for a gallon of regular right now. patrick dehaan from gas buddy joins us and he'll tell us where to from here. my guess is is straight up. you're going to smile. record highs for stocks again yesterday and likely to open just a tad higher this morning. and then we have amazon stock on fire. and after reporting strong sales last month, here is the question of the day. is amazon the new apple? speaking of fires, you cannot build a bonfire on a beach or in your back yard in southern california anymore. i will give you my take on that outrage later this hour. ♪

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going? we've got the forecast from the man who tracks prices across the country. wait for it, here it comes. here comes that opening bell. before we get there, here is tres knippa. we've got 16,000 on the dow is coming soon. are you buying that? >> it's certainly possible. the momentum continues to work higher. the fed is clearly not, whoa, big surprise, stuart. weren't we just talking about that two weeks ago as we move and as you look through the fed minutes. is this anything that makes me think that the fed is going to possibly pull away? something about the fed. now, what an unexpecting money managers like me do for fun on a thursday night in chicago. there are two take aways, i want you to focus on. number one flat-out said they don't want to back away from huey and don't want to hurt the recovery from housing prices that work their way up. two paragraphs later it also talks about how real wages are not moving up. would somebody please inform me how the cost of things that we

consume, housing, energy, you're about to take about in your next segment and food, the prices are going up, but real wages are not. it's dangerous and the federal reserve's fault. >> okay, you made your point. the other point he's going to keep going as the market goes up and he keeps printing. you have a good weekend and stay away from the fed minutes. it's just past 9:30 and we are open for business on wall street. the opening trend, i'm going to call it dead flat. what are we, down.92, after a whopping great big rally yesterday and took the dow yesterday, 15,460, that's the new high. by the way, as we look at that. up a tad more in the early going this morning. individual stocks, microsoft, right off the bat. in the background to the company. the guardian newspaper in britain reports that edward snowden provides documents that microsoft helped nsa access

users files and conversations. accord to go snowden microsoft's involvement allowed the feds to bypass encryption software meant to protect the privacy of millions of users. absolutely no impact on the stock. this is a pr hit for microsoft primarily and microsoft is still very close to that, i think it's a long-term high there. it's at 35.63 this morning. and amazon hitting new highs there above 300 a share yesterday. they had a huge sales gain in june. 30% higher than it june of the previous year. all right, nicole, is this the new apple. 300? >> is there, i don't know, goldman sachs says buy today and put a price target of $325. i thought it was a hot day when you go out and read the fed minutes? that's not fun? i thought that was my biggest fun night out. stuart: that's funny, that would be a cheap date.

netflix, there's a cheap date. stay home and watch netflix. what's the stock doing. >> an up arrow despite the down arrows you're looking at. and they've got an upgrade at barclays, 250 from 220 with an overweight rating and netflix is going higher, too. stuart: the stocks which we never heard of ten years ago, are suddenly making the pace. show me the big board, look at this, we're up 15 points now. and okay, that's not much of a gain, that's coming on top of yesterday's whopping great big rally. it is another gain. i've got an odd alliance to tell you about. senators john mccain, republican and far left senator, elizabeth warren, yep, they're teaming up. now, they want to break up the big banks, they want to separate traditional banking from investments. the senators are concerned that banks have only continued to grow since the financial crisis five years ago, break them up say the unlikely duo. two of the big banks reporting

strong profits this morning, up 19% at wells fargo, 31% at j.p. morgan and both are moving nicely higher in the early going. here is john layfield and he knows a thing or two about managing money and running it and he joins us from the paradise owners bermuda. and we're off and running today, a lot of people are saying 16,000. here we come. are you in that camp? >> yes, i am, sir, only about 3% away from that and i think what bernanke came out, when bernanke came out a few weeks ago people misinterpreted what he said. they're going to be a stopping by the bond buy back and markets have ten ever the last 11 rate cycle increases, we're 6.5% unemployment and talking about raising rates and he came out this week and said we're not going do that. we're giving crack cocaine to the markets and the market has responded favorably to this. i've seen 16,000, i haven't seen a huge increase, but a continual

uptrend. >> tell me about amazon, i'm fascinated by the company. they got that sales gain of 30% for giant like amazon over june of last year, and we're posing the question, is amazon the new apple? >> that's a great question. look, apple is still about 400 billion dollar market cap. three times what amazon is, that 136 billion roughly right now. and what you're seeing with amazon, this is like what we saw, not we saw, but what we saw in history from the turn of the 20th century, wealth being created on levels that people never dreamed of, when you had rockefeller and morgan and carnegie, that's what you're seeing with the tech companies. amazon's earnings are never going to be that great for the next several years because they're willing to do things like take the e-reader and sell it at cost so they can deliver content and i think that amazon is in a position right now. look, they were up double what e-commerce was in june and

they're at 69 billion in revenue, they have a lot of room to grow here. stuart: they remind me of the razor companies, gave away the razors, knowing you would buy expensive blades down the road and seems to me. they're just like that. full disclosure, you own amazon? i presume you're going to buy it? >> i don't know. the price target, nicole mentioned, average about 70% of the analysts out there. >> that's interesting, all right. hey, john, have a good time in bermuda, we'll be thinking of you. back to nicole, we've got ups, now, we use at that company as an economic indicator. the news is not good. it has cut its full year outlook, says the economy is slowing. nicole, the stock please? >> right, so ups is under pressure and fedex is down with it. both of the companies are indicatesers of the economy and ups has come out and they say they've been hurt by the overcapacity and global air freight and market is slowing

u.s. industrial economy. and those are the key words. so, it's not good news. and the stock is down 5%. >> yeah, it's a big hit for a company like that, an economic indicator, too, thanks, the dow now is up 18 points. 15, 478. the very modest rally continues after the a big rally yesterday. here is what we've got coming up for you, 10:00 eastern. charles always gets mad at me when i say the rally is all about ben keeping the printing press going. we'll get ed remsey's take on this. what obamacare will do to small businesses. he is predicting obamacare will put a full 15% of business out of business. and how can we not ask the former mcdonald's chief about the return of the twinky. and by the way, tinkie is back at wal-mart stores at 12:01 on sunday morning. ed is here for the entire hour

of 10:00. back to gas prices, we told you to fill up the tank, hope we did because we look like we're in a price spike. up another 3 cents overnight. 3.55 and oil at $105 a barrel this morning. 8 cents up in a week, how high are we going here at 3.55. let's bring in patrick dehaan from gas buddy,.com. patrick, i know that you report gas prices, i'm going to ask you to forecast gas prices this morning. looking at the current trend, what do you say? where are we going? >> well, the crystal ball says with egypt and declining crude oil inventory prices, crude oil price also go up. 10 to 20 cents a gallon in the if he cans week or two. stuart: i'm looking at your listing and i see the west coast is particularly high-priced. california very close to 4 bucks, and oregon and washington are about the same. why are they paying so much?

>> well, california, keep in mind, their gas tax just went up here recently, but california, oregon, washington, always see higher prices are cut off from the rest of the country and keep in mind, everybody is really going up. the great lakes saw two price spikes this week, of considerable magnitude and could see another one before the weekend is out. everybody across the u.s. is going to be seeing continued price increases, so it's terrible news. stuart: i'm using the expression price spike. and we've been saying get out there and fill up today because it's going to be more expensive tomorrow. am i going overboard here when i say spike? is that justified? >> well, i think so. spike to me would be 10 to 20 cents a gallon in a short period of time. i think we've seen crude oil prices spike and spot prices spiked already and spike is going to vary in definition, but i think we're there. >> and after the spike, assuming we get it. after the spike, where to interest there? i guess it depends on the suez

canal and inventory of oil in america, that's what it depends on? >> we're looking at two ingredients that could alleviate the price pressure and one is egypt. how quickly the price is, and the administration relief is another bad report wednesday showing another big decline in crude oil, it's going to be bad. we need a good report from the eia that shows a smaller decrease or an increase and positive news out of egypt. >> you guys love this volatility, don't you? you're making a fortune. >> i get to sit here and talk to you, i enjoy it. stuart: good luck at gasbuddy.com. always a pleasure. rally is holding, not a rally, but look at this. 15,480, that's where we are right now. up 19 points. barrel. price of oil, $105 a we touched 107. came down to 104 and now we'ree

back up again, 1/2% at 105. there you go. gold, that's up after a serious drop. so we want to know what are people doing with their physical gold, buying, selling, who better to ask than les gold of hard core pawn p-a-w-n. . >> yelling won't get you you more money. >> give me heavier gold. (announcer) scottrade knows our clients trade and invest their own way.

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>> we've lost a little bit of ground and we were up 18 and the dow is still at 15,457. take a look, please at google, just hit a new all-time high, 900-- actually 920. it's backed off a buck, but 919 on google. we're watching ups very closely, a big loser, it cut its outlook for the year and the economy slowed and that's down 5%. that's a big loss for a big name stock. then we have gold on track, by the way, for its first weekly gain in price in four weeks, okay, it's down 3 bucks now and overall, it's been a rotten year, down 24% an ounce in 2013. here he is. let's go to les gold, a pawn broker and a star of the show "ha "hardcore pawn", and imagine this i come into the pawn shop and give you or sell you one

ounce of gold. >> okay. stuart: you give me the price of gold on that day, right. >> correct. stuart: down, minus what. >> makes no difference. we work on, anywhere between 10 and 20%. at that time the pawn end of it, you're talking about selling it we work on much less percentage. i've got an ounce of gold and you give me that, mine 10 or 20%. >> correct. >> i come back a month later and i want to redeem my ounce of gold, but in the meantime, the price of gold has gone straight up or down, it's moved. what do you warring me to redeem? >> we charge 3% a month. there's no variable on that. my retail customer that comes in to sell me that gold, that's the one that's going to pay the difference. let's say when i was buying gold at $1800 an ounce, we still had that product. we put in the showcase, we're selling it for a much less price, 1275 today, it's all bearing on today's price. we don't, we don't keep a stagnant price on the jewelry in the the showcase. we deal each and every day, we watch the market.

stuart: so you're playing an inventory of gold. >> that's what we do each and every day at the pawn shop. we refine a lot of of gold and sell a pure. you take a gamble. i bought gold when he was $270 an ounce and $1900 an ounce. we're in the gold business, precious metals business we're a quick barometer. stuart: you've got the 10 to 20% discount when i sell it, that's the middle of the transaction, your cushion. when i bought gold for 8100 and it's now 1200, it's a big difference. you deal in volume and hope to make it up. stuart: if i come in with a gold ring and you melt it down after a few months if i didn't come to redeem it. >> after 90 days, length of the loan, wii melt it down, whatever the gold that day. stuart: you did do that with silver, metal, palladium? is that the majority of your

business, precious metals and stones and gems? >> diamonds. the good thing about the market, diamond has increased in value and i've lost on gold purchases i've made in the last month we're making a little more profit on the diamonds. have gone up 15, 20, some of bigger ones, 30%. we're in that business. stuart: this is intriguing, do you les gold, do you personally know how to price a diamond? >> of course. i've been in the business my whole life. gia certified, i know the specs the color and clarity. stuart: the four k's. >> the four c's. cut, color, clarity-- >> and we don't have price tags on our gold jewelry. we have price tags on the diamond rings, when you come in to buy gold, we put it on the scale and all by weight. unlike the jewelry stores, he they don't do that. we work on a small percentage and we believe in volume. stuart: sir, we just saw a sound

bite of a gentleman losing his temper and shouting at you. >> it happens, it happens. stuart: and that guy is a pretty big guy, and i don't back down. and have the security guards. stuart: do you get into physical confrontation. >> every once in a while, you have to take control and i'm badder than you are. stuart: thank you i can money. >> we deal with a thousand lopez each and every day and in the big picture. stuart: a thousand loans a day? >> a thousand loans a day. stuart: you're in detroit in one shop? >> we have two, but one location, 50,000 square foot. we do a thousand transactions of loans every day not including the merchandise that we buy, that's not included the electronics that we purchase from people. this is a thousand loans day. stuart: that's incredible. >> the redemption rate is

between 80 and 90% and that's the main business. we're just-- if nobody lost anything, i would be happy, we wouldn't have to resale anything, it would be a wonderful day. stuart: i did not know that. and-- >> i know i'll be back more and you'll learn more secrets of the pawn business. stuart: you have a book? >> i have a book. stuart: secrets of the business. >> secrets for business in general, and business is pawn brokers. stuart: i'm going to put you on the spot. >> please. stuart: give me one way i can improve my performance in television, that's putting you on the spot? >> no, it's easy, the key to anything is bring out the emotion. you're sitting in front of that camera, all you want to do is have your viewer have as much emotion watches you and you want them to sit on the edge of their seat waiting for stuart varney to say the next word. that's the key to being professional. stuart: isn't he good? . [laughter] cue the applause line. very good les gold. will you come back.

>> i love it, i love it. spur of the moment stuff, i'm ecstatic about it. stuart: les gold, thank you very much indeed. >> thanks for having me. stuart: appreciate it. and i want to turn to interest rates. look at what we're seeing here, this on the screen is the yield on the 10-year treasury, the baseline for long-term interest rates. this is very important stuff. would you believe, down almost a quarter point in the last, what would it be, since monday. down a quarter point in a week, that's a huge decline in the yield and a huge run-up in the price. they've done it again in california, the greenies. now they want to ban bonfires on the beach and in your back yard. bonfires are bad for their environment, they say. my take on that is next. night ♪ like a heatwave burning in my heart ♪ @?

>> twinkies return to the store shelves. i think it's sunday morning early at wal-mart. a lot of people excited about it. should we be excited? obesity is on the rise and dr. segal is here in the next hour with the twinkie story.

and in southern california there's a tradition of bonfires on the beach. well, it's over. carbon emissions are just too much. bonfires will be banned. here is my take. i've had a fubon fires in my time and i love them. when i visited my son in new zealand, we drive right onto the beach and fire up the drift wood. i lived in kenya many years ago and when we went hiking in the mountains, the bonfire kept me warm and the snakes away. these days i've visited upstate new york and nothing better than s'mores in the dying empires in the back yard. there's something about pyro mania that seems to run deep in my blood. what's this about carbon emissions from bonfires in the formerly golden state. apparently they can't handle it even though the beach bonfires are small, the eco zealots are

going to stamp it outment environmentalists believe the world is coming to an end and you must do everything, absolutely everything to reverse course. they will tell you what to do with your property. they will tell you which appliances and cars you can buy, light bulbs, you've got to change. coal, no way. oil, get out of here. a pipeline? please. have you had enough? i have. i really am tired of climate change puritans telling me what to do. it's my property. it's my money, it's my life. and in america, it is still my choice of how to live it. so this afternoon i'm climbing into my gas guzzling truck, i'm had heing upstate. i'm building a bonfire. i'm lighting it around 6 p.m. eastern and when the embers are glowing red and the sun has set my family will be toasting marshmallows, are carbon footprint will be huge much bigger than a california bonfire. if you come on my property and

tell me i'm wrong, you just try it. this is greta. she works in quality control.

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she is here. dr. siegel, the twinkie is back. what is for that? there is the brew, brian kill me is going to show his face after doing this. we begin with breaking news. senator elizabeth warren wants to break up the big banks. peter barnes, your report please. peter: senator warren believes one of the reasons for the 2008 financial crisis is big banks too big or too concentrated and the problem has gotten worse since then. >> big banks, the big four, 30% bigger than they were in 2008. what this is about is to say we have to have that wall in place.

on the investment side the banking side needs to stay boring and those in short deposits need to stay out of the ritz case. >> i asked her about this criticism that this bill might not have helped in the 2008 financial crisis. had glass-steagall been in place it might not have been a difference because the companies that were the problem were freddie mac, fannie mae, aig, bear stearns, lehman brothers, countrywide, and she said it was the big thanks that got the bailout. stuart: i am a conservative kind of guy but in this instance i agree with senator boren even though she is away on the left of the political spectrum. i believe she has teamed up with republican john mccain in the senate to propose this

legislation. that is an unlikely duo. >> senator mccain has been supportive of doing this for some time and senator warren said that they are getting calls from democrat and republican offices of other senators who are interested in looking at this bill and possibly supporting it. stuart: anything but dodd-frank. i know you are laughing but do you not agree? appreciate it. let's go to the big board, pretty flat, up 9 points but we are at 15,468 not that far from 16,000. former mcdonald's ceo is here with us. i want to talk first of all about the markets. look at mcdonald's and junk food. and the markets. 16,000, here it comes. >> everyone looking for place to get their money, so many other businesses at high risk, the

market has some volatility over the long haul. this is the best place to be. you have to have smart people and pay attention. a great place to be. stuart: i think what you just said is music to my colleague charles payne's years because we have been backwards and forwards on this. i say this recent rally as a result of ben bernanke keeping on printing and you say because american corporations are the place to be to make money. charles: let me tell you i do believe ben bernanke factor will happen but the so-called velocity of money is not main street. at some point that is affected too but then we will be talking out 16,500. this is the most underpublicized rally in history, there was the ticker tape parade, cabdrivers are not stopping at red lights, nobody cares. the few people that are paying attention he the rally. this is amazing. when everybody loves it than i am getting out. stuart: i have some big winners to report for you. we are up 15, 14 points on the

dow but we have some big tech winners. start with google please. nicole: google, a new high, you can see it pulled back a little bit, all time high for google. stuart: how about netflix? nicole: $2.52 and change, 3.5% today and the analysts jumping on board and uping their targets as well. stuart: i've got to ask about yelp. what is it? what does it do? nicole: when you go to the web site, $44 target, buy rating, new high, just to the charles rowley look at that, look at this, somebody cares. i wanted to show you this, dow 20,000. see that, this was made by a guy on the floor. last june he had a sign on his area, 14,500.

everybody thought he was crazy. we broke through that, broke through 15,000 and he is calling for doubt 20,000. stuart: can you get them on? get him on again. some people remember when you see hats, and where my? charles: more people were on it. stuart: moving on i go to gas prices, they are indeed spiking, up $0.08 this week, $0.03 overnight, last hour we asked from gasbuddy.com, here's what patrick told us. >> crystal ball says look at egypt and declining crude-oil inventories crude-oil prices will go up and that means the hit for american motorists, $0.20 a gallon possible in the next week or two. stuart: there you have it from a man who knows, philip your tank now and pay more later. the house votes next week on whether to delay the mandate

that everyone have health insurance. that is called the individual mandate. this comes just a week after the employer mandate, all employers must offer health care. that was delayed. and ramsey is here as you know, a principal obamacare critic. i say obamacare is unraveling before our eyes. >> the wheels are coming off of the wagon. this is about health care. if you think this is about government controlling health-care the decisions to delay the employee mandates will say to employers let our people go get their insurance at the exchange on their own and suffer any penalties and that is the deliberate decision for the mid time elections and is going to force more people into the

exchanges. illinois did not develop its own exchange, is going with a federal exchange. i look at my grandson who never bought insurance, works for ernst and young and between 2,000-$2,600, is a fit athletes, and first-time leverage buying insurance, he is not going to like it at all. stuart: you say it is not unraveling, obamacare will be put upon us. didn't you forecast, 15% of small businesses when this gets leave rolling, 15% will go out of this. >> i am not talking about the 499 employee companies doing multimillion-dollar is, i am talking about family and business started by baby boomers. and they are kids working on

this. stuart: an upscale grocery store chain, just announced it is cutting health coverage for its part time employees, the company blames obamacare. i know this company will. he is a great company who describe themselves, and treated employees really well. now they are withdrawing health-care. >> the health care bill is changing the fundamental relationships and the restaurant industry, service industry, businesses ago link out, how do you develop loyalty. how the develop continuity of purpose when an employee works for three companies to get the same income they had working for one? it is disrupting the fundamental nature of the free enterprise

system that i work hard i will succeed and my company will succeed. stuart: it is about income redistribution, government control, government socialized health-care. charles: it is also about power, centralized power, this administration pushed this to the top of the agenda, federal government oversees every aspect of our lives. stuart: back to this later in the show because you are with us for the hour. >> i want to comment about twinkies. stuart: you will get your chance. amazon. did i see it go by above 300? nicole: 3 and change, almost 304 looking good. you can see sales are higher, they are doing exceptionally well, you have the analysts jumping on board, goldman sachs put a buy rating for 320 price target so above that a new high. stuart: let's talk about

twinkies, back on the store shelves, i believe it is monday. it is certainly monday. it might be very early sunday morning, we will check that for you but they are coming back. there is an obesity epidemic in america. dr. siegel joins us on whether we should be celebrating the twinkies's return. >> here is your reward. >> twinkies! killing! [ children shouting, laughing ] [ male announcer ] this could be the summer she jumps into the deep end... ...he gets on that roller coaster... and you finally take that long weekend. it could also be the summer you get your identity stolen.

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stuart: the obama administration said judge andrew napolitano stepping down the secretary of homeland to pretty, heading to california. charles is going to make some money in a market going straight up. molly court. charles: i will tell you it is a high risk idea, rare earths, remember a couple years ago, came straight down, something of a problem. they are turning the corner. fifteen million shares got a strong buy today. collected for the last of the month, in demand is picking up

and pricing power, major breakout with $7.35 and someone willing to hold this for your goes to 11 or $12 a share. stuart: where were you with amazon or my mic chris soft? charles: i did amazon on fox news when it was crashing. stuart: when you did it did you recommend it? charles: yes. stuart: you should have told us that. new research shows americans are exercising more but our obesity rate is still on the rise. this comes as the twinkies back on store shelves this weekend very early next week. here we are with dr. mark siegel. review will rejoice that the return of the twinkie. >> i am in favor of free enterprise, you know i don't like the government being overly involved in things, you know i have a spirit that you're going to like witches i grew up with twinkies, and i like the idea -- stuart: look at you now.

>> that they have a favorable people place in people's memory but i have to tell you what they do that don't like. they last 45 days. they are not really made of cream and wonderful flour the way you think they are. they are made of police forbade 60, sodium lack the late, all these chemicals and called him also fires that macon taste the way they do and make the last. they are not healthy. stuart: it is bad for you. tell me what happens if i eat emulsifiers? >> i'm more concerned what else is in process foods despise chemicals. i can crew -- plenty of sugar, salt, definitely linked to a lot of problems. but i love them and if there was one here i would eat it so i have mixed feelings about this. on the one hand i am the medical food police. on the other hand i believe in things that make you feel good. they should be on the shelves and one more point about

twinkies, this is a testament to what social media does because it is social media that put the pressure on to get them back. i like that. stuart: when you're stepping outside the medical field. and ran mcdonald's for 14 years. what do you have to say about the twinkies and junk food? >> i don't think there's junk food. there are junk diet. a twinkie as a treat i as a main course it is an awful idea. it is fun. it is the tree. something to have fun with. if you ate bananas and nothing else every day all day long you are going to die from something. each twinkies all the long you will die from something faster. this is not an issue of just helps, the psychology it as the doctor said, moderation, balanced diets, fresh fruits and vegetables, good meat, weldon. all these chemicals, that idea. if you took an apple ended a chemical analysis, you find 25 things that cause cancer.

but they are very small doses. who cares? stuart: the man talks since. he is eloquent. charles: you got to bowed down to vegetables and fruits and proteins and well-balanced diets, you want to vote 24 a little pizazz once a while i am ok with a. stuart: this is a financial program and the new company that owns the twinkie ever went public i would buy the stock. hold on a second. stuart: with or without ben bernanke. stuart: i got to move on. new research suggests taking a fish oil supplements can actually raise men's risk of prostate cancer by 70%. you know that i eat two ounces of smoked salmon every morning. is it going to kill me? >> no but this is the third study that has shown an association between fish oil and prostate cancer and died don't think it is an accident. we at talking low-grade and high-grade cancer, 40% to 70% increases, a huge study that

will prove once and for all whether it is the official oil that did this. meantime it is something to watch out for but here's where my take is on this. i like fish because you are eating fish instead of an alternative that may be less healthy. the key is do you need those supplements? are we taking too many supplement as a nation? it is a billion dollar industry. it is and proven. doctors are not in the loop. the study were mentioning in seattle shows the increase in prostate cancer was associated with just having two fish oil supplements a week, taking two pills a week. that is it. two or more supplements the week was associated with the increase in prostate cancer so the question here is and whether to have salmon every morning. i love that you do that and i bet your wife likes it. stuart: i think she doesn't. any moment i am going to get the text. all right, i am afraid to say we are out of time but you stay right there. thanks very much, we appreciate

it. brian killedneed is one of the most hated clinton in america. he is up next to defend this. >> a superstar, you can't beat that. you are a hot machine. how do you stop this. in today'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. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account.

>> the superstars! you can't beat that. >> joe did. you are a machine. how do you stop this? stuart: that was brian killmeade, made a baby cry on live television and he is here. what do you got to say for yourself? >> what i have to say is you covered it live and contribute on a daily basis on fox and friends and thanks to our audience for coming together on this. i thought that his shooting skills which are phenomenal, he has been shack in a contest and tied kobe, i was thinking if he could shoot that while he could catch that will land he was wrong with his 2-1/2-year-old. i have news to break on television for the first time.

we had his dad on to see about his condition because his dad was smiling and says he cries all the time and as you know jimmy carroll took me on last night and said i am not monster. when i asked his dad that question he goes jimmy kimmel should not be calling you out. here is why. let's listen to be clipped together, your audience and our audience, let's go. >> he is the 2-year-old we found on line. very good at shooting basketball, made an appearance on fox and friends this morning, gets shot after shot, he was unstoppable until brian killmeet hit him with the ball and made him cry. shame on you, brian, you monster. you are a monster personified. peter: when is he right or is he right? >> listen to this. the dad was just on with us. listen to what the dad said.

>> second appearance we made on his show was when we take the kobe appearance and trying to put kobe's shoes over the top at the end assessment and got one shoe on and then the next we jab into his foot and he started crying and they edited that out because it was not a live broadcast. if we are going to talk about monsters you have to put him and me on the list because we both jabbed him with that kobe shoe. stuart: wait a minute. you had just taken two minutes of "varney and company"'s precious time to explain away your outrageous behavior within 2-1/2 toddler. you have 10 seconds left to round this out. >> i am not the first talk show host to make titlist cry. that is the story i am giving to tim geithner -- to "varney and company" in your vast audience. i was the second one to make him cry. i demand the release of the

unedited kimmel tape on "varney and company". stuart: we may or may not have you back. you are a monster. thank you very much, good having you. let's change the subject, somewhat more serious. washington lawmakers approved a living wage for non-union large retailers, got to pay $12.50 an hour. the result walmart will not open three new stores in bed d.c. area. we have a lead supporter of this, listen to him defend its

$9,000 a year. how we could lead of investors across from maryland and virginia borders. stuart: we were shocked the people of washington d.c. fired their councilmembers, would turn down 2,000 jobs. we were shocked at this and i can simply hardly believe it but that is the way things stand and i don't think things are going to change in d.c.. >> the district of columbia is one of the least dance retail markets in the country. district presidents are used to shopping in maryland and virginia. it is estimated $1 billion in sales for d see presidents takes place across the border. we were shocked they would take this that.

it certainly does nothing to encourage retailers to come here in the future. stuart: you represent other big box retailers who are nonunion. are they going to pull out or not going in the first place? >> we represent retailers of all shapes and sizes and certainly all retailers should be concerned about this action. stuart: hold on. let's get this, these big box retailers who are nonunion, are they going to walk away from d.c. or are they going to go in in the first place. what are they going to do about this? >> if you are looking at d.c. for future development you are going to stop and pause and look at places in maryland, virginia that are more accepting of having your presence. stuart: what happens if you are there already. i don't know if any nonunion guys are there already but if they are they moving?

>> a complicated decision. they have to make that individual the. it certainly makes it harder to sustain the business model in the district and treads a lot of smaller retailers. one of the earlier versions of this law or this bill would have imposed a $12.50 living wage on dozens of retailers doing business in the district. there is no assurance this doesn't happen to a broader segment of the retail community in the future. stuart: it is a bad development for poor people of washington d.c.. that is my opinion. thanks for joining us, appreciate it. take you to the big board, we still have this modest modest rally in progress, 21 points tire, 15,482 is where we are this friday morning. first she defended incandescent light bulbs. now she wants to make sure you can keep your ceiling fan. what is going on with this? is this really happening?

congresswoman marcia blackburn joins us next. i want to make things more secure.

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♪ stuart: we are holding at a game around 20, 21 points. the dow is pretty close now to 15,500. profit of 31% this morning. the underlying headline is that john mccain, republican, elizabeth ward in the senate and pretty much hard left democrat, teaming up to break up the big banks. should we break them up? >> the real problem is government has created this monster to regulation and opportunity. do not waive the banks for taking advantage of it. stuart: i want to have a bank that takes deposit and makes

loans. if i want to invest in it, i will invest in it based on business. i want another for trading, commodities and gold. that is what i want to see. >> you are a sophisticated guy. the average person wants a bank where they can call. they want flexibility. local banking. the soft touch. stuart: are you in favor of splitting them up? >> yes. stuart: charles? charles: he was heading towards the right direction. i want to know that we will not bail them out. that is the bottom line.

the fact of the matter is, as long as we keep bailing them out, no matter who is in, democratic or republican, it is a point. stuart: marsha, thank you for joining us on a friday morning. would you break up the big banks? >> i agree with charles. right now, elizabeth warren was trying to regulate everything. we have community banks out there doing a great job. i think that there are other things all-male play. let's leave some of this alone. stuart: i personally would say, yes, break them up.

>> dodd-frank needs to be repealed. i agreed about that. i think there are other problems that we can put our attention on. stuart: there were cheers around the table when you said that. you introduced a proposal to save the ceiling fan. i did not know that the ceiling fan was under threat. tell me about it, please. >> they are coming after everything. the department of energy is trying to place new regulations on ceiling fans. things as clearly as trying to have it only when someone comes into the room. they are trying to change the

number of blades that are in a ceiling fan. you have all of these other issues out there. they want to knit pick on ceiling fans. stuart: this is incredible. it is a rule. you have to have something in that ceiling fan so it only comes on when it senses that somebody is in the room. >> that is correct. stuart: you cannot have an incandescent ball in the ceiling fan. you can only have a certain number of blades on this fan. >> that is correct. >> this is all found in a 100 page report about the changes

they are planning to make two ceiling fans. stuart: 101 pages four changes two ceiling fans? >> then to do their investigation of the changes they want to make, we found they only researched online and for big-box stores located in california and massachusetts. they will price ceiling fans so high that you will move a lot of the population that uses these to help reduce the temperatures in their homes during the summer or to elevate it during the winter, you will price them out of the marketplace. ceiling fans will be a luxury item not a usable item that so

many of us use in our homes. i know many americans that use them. it is unbelievable. stuart: unbelievable. you are killing my weekend. [ laughter ] >> go turn on the ceiling fan and cool off. stuart: that is exactly what i am going to do. just out of spite. thank you very much. >> we have big issues. stuart: 101 pages. >> get rid of the ceiling fan, turn on the air conditioner. stuart: bonfires. they want to ban them. too much carbon. a reasonable guy comes in after

this. ♪

♪ stuart: watch out everybody. the gas price is on the rise. the national average is 355 and

going up. check the price of oil. ups stock down today after it cut its full-year outlook. it blames a slowing economy. the stock is down 5%. fedex stock also taking a hit. amazon shares touched $300. first time ever. that was yesterday. amazon now at 303. now to another name you know. google. the stock hitting an all-time high this morning. $920 a share.ye california beach bonfires the end. ♪ cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph,

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stuart: look at this. dashboard cam video. a 71-year-old fell asleep at the wheel in china. get this everybody, everyone got out alive. i am not sure i can understand exactly what is going on there. that happened. it is time to make money with charles. charles: the first one is a roi i call american rail.

it got hammered this week. stuart: you would still buy it? charles: i would hold onto it. rail demand is huge. tanker cars are huge. some people think they are having a cash flow issue. i think it is oversold. i think at some point i will have to bite the bullet. you know, those are three pretty big losers. stuart: you are an honest man, charles. charles: do not pick one stock. that is not what investing is all about. build a portfolio.

stuart: california regulators want to ban beach bonfires because of carbon emissions. it is not just beach bonfires. it is any kind of backyard flame. >> you cannot even smoke on a beach here in california. there are 800 of these pits. they have been here for a decade. far longer than the homeowners. they would only reduce the pollution by a small amount. this is absurd. zealotry over science. stuart: is the is the time where california finally sees the light?

enough. i have been praying for a moment like this for a long time. is this the moment? is this the issue? >> i do not hang so. you have california legislature passing a resolution with holding the band. the thing today will probably be anywhere from nothing to some sort of regulation by putting the fire pits a certain amount away from homes. stuart: i ask this question of all of our guests from california. do you think in my lifetime i will ever see california vote republican and a presidential election? >> not for a long time. this is insane.

no, i do not see it. i have a two-step approach. [ laughter ] charles: let's put a ceiling fan on top of all the fire pits. it will be when when. stuart: 101 page report on ceiling fans. now you have to have a motion sensor before you turn the thing on? >> let's get some solar powered ceiling fans and put them over the fire pits. it would be a win-win. stuart: comeback as soon as you can. we appreciate it. we have the price of oil hovering around 104, $105 a

barrel. do you get a bonus for a job well done? the irs union is getting their way all bonuses. wait until you hear this story. ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪

stuart: the unions are getting their way out the irs. wanting to suspend the $70 million worth of bonuses. the employees will get their $17 million in bonuses. we have another union story. it was a debate and it provoked this site on the senate floor. listen to this. >> the united states senate and if we do not pull back from the break here, our majority leaders will be remembered as the worst leaders of the senate ever. stuart: it got worse from there, by the way. it was a fight. senator harry reid wants to use 51 votes instead of the

traditional 60. it looks to me like the unions are pushing the senate to go nuclear and abandoned the filibuster. >> when you change the rules, you always have to remember one day you could be in the minority. i think older politicians understand this. when the table is turned, it will her. it really is a stupid thing to do. stuart: all right. you can bet on anything in england. really. next. ♪ 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. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosing fidelity.

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>> you can bet on anything in britain and i mean anything. soon the duchess of cambridge will give birth to a baby. they are betting on the sex, the name and even the hair color. most of the interest surrounds

the name. alexandra and victoria are tied. they started the genetic heritage of the baby. they concluded brown is the most likely hair color. black is a distant second. our time is up. connell, it is yours. connell: thank you very much. we have a boat of confidence from bernanke. the fed chairman is doing a great job of cleaning up the wreckage of the plane crash out in san francisco. we will have the very latest in the investigation.