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>> the president tries to bounce back with sinking approval numbers. he brings in the celebrities, gets a new pet and embarks on a speaking tour to friendly audiences. good morning, everyone. the 1972 miami dolphins get their day in the sun at the white house today and the president brings in sonny, a new dog, very appealing and visits colleges where he knows he'll get a fogood reception. you'll see positive messages as the president tries to counter a slumping approval, looming obamacare and a weakening economy. we've got no trend for consumer spending. some stores are hurting and others the bottom line, you are not spending like you used to. for investors, will the dow drop below 15,000? it's getting very close and so are we. "varney & company" is about to begin. [ male announcer ] these days, a small business can save by sharing. like carpools... polly wants to know if we can pick her up.

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>> here comes obamacare and listen to this. the department of health and human services sponsoring an obamacare video contest. and 30,000 in cash and prizes up for grabs and make a video that sells the president's health plans to young people. three different categories, one, you are not invincible, two, perform a song, three, make animation. the administration having a hard time selling the health care plan to young people, now, it will pay them to sell it to their peers. a lot more on that coming up in the program. to egypt, and patrick leahy saying the obama administration has temporarily halted all u.s. aid going to egypt. some in the arab world going the other way, pledging $12 billion in aid to egypt's new government. here is what the saudi foreign minister is saying today. to those who have announced they are cutting their aid to egypt or threatening to do so, that, we say, that are arab and muslim nations are rich and will not

hesitate to help egypt. look at the price of oil. the market apparently believes the military is winning, suez canal stays open, down to 105 on oil. and an outspoke muslim american is with us this morning. and a possible 14 k handle on the dow? we've got a couple of big name retail stocks going up this morning. you're going to see it happen live. gee, it's great to be back. right now, 7 years of music is being streamed.

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♪ mama told me better shop around, oh, yeah, better shop around ♪ >> yeah, but are we shopping around? you're not spending? well, that's what we thought, but we've got three big names that you know, retailers, and they're bucking the trend this morning. that's a theme for us today. are you spending? another theme is, is the dow going to test that 15,000 level? sure looks like it. we're a minute from the opening bell and let's bring from chicago, larry levet. all right, we're close to the 15,000 level on the dow. i say, one single word from the fed would turn this thing right around and away we go back to the races. what do you say? >> i couldn't agree with you more. in fact, i think if we get below

15,000, ben bernanke will hold one of the secret meetings and get the fed governors to come out and say there's no tapering in the future and economic situation is not improving as much as we need and we're going to continue to buy like every single month. no question that's going to happen. stuart: thanks, larry. let's see if it's going to bounce up. it was right around 15,010. we're bouncing around. 15,012. maybe we'll see a 14 k handle later in the day. not sure. at this moment it's 15026 as we begin. individual stocks, home depot, yes, it's a dow stock. a bounce back in housing giving profits there a big boost. a few bright spots in retail that we've seen recently. home depot's rally today could hold the dow above the 15,000 level. it's working in its favor now up over 2% on that stock at the moment.

look at j.c. penney, a different story. a bigger loss than expected, sales keep sliding. remember, the big shareholder bill ackman resigned, but the market likes it. up 8% even though the loss was bigger than expected. maybe a new start for penny. up goes the stock. to apple, the tech world buzzing about the new iphones shipping next month so right from the top, lauren, where is the stock? >> welcome back, stuart, the stock is up for the third session in a row. up 1/2 a percent. $510 and holding above 500. stuart, if you like your colors, not only are we going to get the new iphone 5 s and the iphone 5 c. which means color, but we're hearing that the 5 s might come in white, black and are you ready for this? gold. stuart: is that supposed to make a difference to the stock, the color? >> well, it could help apple in china. gold means good luck. that's, you know, china is not

apple's best market, but perhaps it could be its biggest, right? >> maybe if they put the number 8, a lucky number in china. >> there you go. stuart: put the number 8 on it and maybe sell well. lauren, we'll get back to you quickly. never mind the dow breaking 14,000 today or any day. and "varney & company's" shah gilani says hey, watch out, it could be 13,000. guess what he's here in new york with us. do you think, is this a probability, a possibility? what is it? >> it's certainly a possibility. probable, i'm not quite sure, i'm still the reluctant bull and playing the market from the long side and putting on shorter positions to make defensive posture. >> you obviously think the market overall is going to go down a little bit. make your case why? >> it's gone down a little, but it doesn't volunteer and i don't think we see any that certainly goes down. my next level is 14,444. if we break that, i was looking at 13,700 and change, if we

break that, looking at a blink of an eye. stuart: the possibility? >> the possibility it's an outl outlier. and if the fed says a single word maybe we're not cutting on the printing, then it's a whole new ball game. >> i don't think they're going to do that. they raised this flag to begin with when they talked about tapering a while ago. let's float the flag and see how the markets react. they didn't like it, walked it back and i didn't expect them to do and now it's going along swimmingly. we're going down 4, 5%, if we break down then we'll hear from them for sure. >> i want you to give me at least two stocks na you think will hold up and maybe do very well in the event of a market fall below 14 k down to 13 or 12. what have you got? >> this that event, i like gold and there's a company, finding gold limited. it's a terrific company, they have two mines in south africa

and about 700 million dollar capitalization and i play this from the takeover side. i think that the chinese are very well and deeply involved in africa. and they're buying mines and minors and i think this is a central target so at this price level, i like it. >> it's not a gold play, it's a takeover play from china, that's what your 're banking on. >> give me one more. >> i like fox, 21st century fox, the new fox, the old fox was-- old news corporation is now new news corporation and of course, that was the properties, these publishing, the newspapers, and education was put into the old company and the old name is now 21st century fox and that has the content stuff which is essentially your global properties in terms of tv and film production. >> as of full disclosure, obviously the fox business network is a unit of the fox operation. do you own fox 21st century, the

stock. >> no, i don't, but my subscribers do and we have a little bit of a gain in it and on a relative basis, better and cheaper, in terms of the p.e. 31. and disney had the pd. and 12 1/2. relative value basis, it's a much better deal. >> overall, big picture. you're a little negative. you don't see a big rally. >> i'm nervous. >> let's leave it at that. thank you very much, shaw gilani, thank you for joining us. >> back to lauren, i have another retailer that's bucking the trend. that's urban outfitters. tell me the stock, please. >> number two, as we speak, stuart, the stock is up nearly 9%. urban outfitters own anthropology. do your daughters shop there. stuart: tell me more about urban outfitters, i'm not familiar. >> urban outfitters and anthropology, what they've done as an entire company, what a lot of retailers wish to do.

they've offered fewer discounts and they still kept those shoppers coming in the door. so, urban typically is more for the teen retailer, they do well compared to abercrombie & fitch and arizonieropostalaeropostale competitors and appeal to the teens and mature shoppers. they're in my ear saying that urban outfitters is upscale, more expensive. >> an upscale teen place, yeah, yeah. >> tell me about best buy, please, i know it's done well and that stock is up. >> this is the number one performer in the s&p 500 right now. the stock is up 9%, 3371. this was a dog last year, right? the new ceo comes in and says, we have two big problems, declining same-store sales and declining margins. and both of those are slowly getting fixed and investors liking this today. profits and revenue in the previous quarter, both beat the expectations and on-line sales

rose 10%. >> and that's important. we often thought that it was a showroom for amazon. you'd walk in and see something you like, and buy something from amazon not from where you were. so, that's changed a little bit, right? >> yeah, it's definitely changed a little bit. if you look in the quarter, same-store sales are down, however, best buy said if you take out the store models expected from windows, samsung, et cetera. and they were positive same-store sales so things are certainly looking better. stuart: lauren, thank you very much indeed. back to you shortly. >> okay. >> the dow is around 15,005. right on the cusp of 15k. got to tell you about a-rod, i have to. the saga continues to unfold. the yankees need him to win, oh, yes, they do. but now, he's suing his own team doctor. yeah, the bronx zoo is back. so is brian kilmeade, by the way, he's going to joining us in the next hour on the a-rod saga.

>> shah gilani, can't get rid of this guy. he doesn't like the humidity in the summer so he gets it up here. what else do you have for us. why are you so nervous? i don't think you can trust the stock market in august. everybody goes away, volume and trading is extremely thin. it reacts to the slightest little statement from somebody or other. and you can't trust this market now. >> the volume has been thin. so, that's one that we've been not overly concerned about, a little debt if you will. what does concern me, when we see big moves, we see huge intraday moves, 100 points swings intraday. that tells me there aren't a lot of bidders out there, not a lot of sellers, not enough liquidity on either side. worries me in terms of a big selloff. whoever is out there bidding gingerly, the markets could easily fall through support levels quick and that's what nervousness means because the structure of the market now based on what has become in terms of high frequency trading

and traders that should be there and aren't. there are black holes outs there and one day we'll step into one. stuart: are we spending as we used to as a country. >> no, i think the consumer is deleveraging there. i don't think that the credit is there. banks aren't overly generous with the credit and they're trying. the demand isn't there which is the other side of the equation and i don't think that they're done. >> this is the fourth year of disappointment. we were supposed to get robust good recovery, it's just not happening, is it? >> it's very discouraging. >> it is. shah gilani, thank you very much. are you staying in new york for a while or-- >> a little while. >> you'll be back. >> thank you very much. >> thank you. >> check the big board right at 50,000, 15,000 to be precise. 15,002. we will he make a big deal of it if we see 14k.

something serious, more than 900 killed in egypt in seven days, including 100 policemen. security authorities arresting the muslim brotherhood supreme leader. what is america's interest in egypt? do we have a side that we want to win? and when can we expect scenes like this to stop? we'll deal with this next. (announcer) at scottrade, our clients trade and invest exactly how they want. with scottrade's online banking, i get one view of my bank and brokerage accounts with one login...

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we're close now. down 8 at 15002. and there we go. 1 14,999. and looking for game stop, we had it on death watch and we should really quit doing this. as soon as we put something on death watch it goes straight up. oppenheimer raised its target price to 60 and it has an outperform rating on the stock and that thing is at 47.96. the parent of tv max and marshal's reported higher profits and raised outlook and it's up tv max, 52. close it a thousand people dead in egypt this week. 4,000 injured. the u.s. and europe are considering cutting aid. saudi arabia is going the other way, stepping in with a $12 billion dollar package from other gulf states as well.

the author is here, dr. janzen come back, good to see you. >> thank you, stuart, always great to be with you. here is my interpretation of what's going on, the military is winning the brotherhood is losing and america's interests, in my opinion, is that the military should win and really beat the muslim brotherhood. what do you say? >> i agree with you currently with that narrative. that's exactly what's playing out, but remember what america is, we're the adults of democracy in the world and revolution 1.0 for egypt was about marginalizing mubarak and the national democratic party and the ought congratulatic history of 60 plus years of military rule. certainly what one year of brotherhood did that 60 years couldn't do is bring the people united against the brotherhood and now they're trying to

destroy churches and devolve them into civil war. and we have to have a vision of where we want egypt to go towards real democracy. we can't completely side with the military. unfortunately, stuart, the narrative that the white house has given the world is that we were silent against the brotherhood and now critical of the military. so, unfortunately, makes it seem like america's pro brotherhood, but when in fact we want to navigate them towards the transition of civilian controlled military, transition towards real democraty, rather than more autocratic groups. stuart: nowhere to my knowledge in the muslim world, nowhere is anything that i would consider close to a democracy. >> well, there really isn't, but they haven't had the environment in which they could have these debates. look, one year. stuart: doctor, doctor, i'm going to hold you off for just a second. i do apologize for interrupting,

but a lot of people are saying, that islam is incompatible with what you and i think of as a democracy. >> there's no doubt that this is the elephant in the room for muslims around the world and we came to america because this is where we could reform the ideas to bring them in compatibility. islam is young religion, 1400 plus years and it's going through the process of modernization and it won't happen overnight and we asked if you continue to push the issues, but the white house won't take a side in the house of islam and going to move towards liberty if we push those buttons and begin to challenge it. if we don't challenge it, you'll continue to see this same battle between the two fascism. the secular national versus the

brotherhood, eiran, saudi arabi and the thugs that destroyed the middle east. stuart: one last one before i return to my original question. do you believe the military is winning, this military government is beating the muslim brotherhood? now, we're a financial program and we look at this from financial terms and we see the price of oil falling and i have to conclude that it's falling because this government, the military government, will keep the suez canal open without threat and that's why the price of oil is coming down. do you agree? >> yeah, in the short-term, certainly. we're seeing some stabilization and that will be necessary to actually move towards a greater attempt or chance hat democracy. but our aid is small compared to what the saudies and kuwaitis are dumping into egypt. and we have to look at once they have the economic stability they can shore up institutions of democracy, but i don't think the future of egypt, the 10 million that were in the street just a month ago don't want to see military-run dictatorships and

that's going to have to change for the long-term economic stability of the region and for the stability of israel. remember, this military is the same military that radicalized the egyptian population for the last many decades. yes, they had a peace with israel and yes, we've continued to give them money, but there has to be a strategy to modernizing this ideological battle with the region. stuart: dr. jasser, always a pleasure to have you on the program. >> thanks, stuart. appreciate it. stuart: the dow is at 15,000 right there this tuesday morning. now, i took a college tour last week and i didn't like what i saw. my take on the cocoon culture of college is next. ♪ [ shapiro ] at legalzoom, you can take care of virtually

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>> you know, we talk a lot about how you are spending less, but home depot and urban outfitters are bucking that trend. and then again we've got a different story of two other big names that you know. for example, disappointing profits at dick's sporting goods. fewer customers visited those stores and a bigger loss at

barnes & noble, e-book sales and the e-book, the nook device and businesses at the stores decline. six of one and half a dozen of the other. and an obamacare bombshell for you, young people better off not showing up and paying the fine. that's the view of the younge e congressional candidate and he joins us at the top of the 10:00 hour. i visited a college last week. i was given the tour. did not like what i saw. here is my take. all right, it was a private college, good name, solid academic reputation. tuition, room, and board, nearly $60,000 a year. it was not the price that got me, although 60 grand does give you sticker shock. it was what the college was offering. as i said, academically it had a good name, got it, but seemed to me they were providing a cocoon, a luxurious extension of life at home, an extension of

adolescence, a postponement of entry into the real world of adults. mom and dad and the old home would be replaced by a cozy campus where everything was done for you. and it seemed like i was shown around a fancy hotel. for example, fabulous food, virtually what ever you like, all day most of the night. rooms that were just like hotel suites. for a small extra fee, the college would handle your laundry. and of course, the campus was ubergreen. log fires, a tradition at this fire heavily restricted because of the carbon footprint of burning wood and this college was offering to wrap its arms around youngsters and envelope them in the safe life styles they knew in their homes. and the appeal is to parents with money. hey, send your kids to us and we'll make them feel right at home as if they never left. is that what college is really all about? my answer is no.

becoming an adult should not be postponed. it should be embraced. is 60,000 a year worth it? my answer is no. none of you emerge with massive debt, a weak job market and a tax system that penalizes successful people and does this college have a sustainability business model? yes. because in america today parents with money are prepared to buy their children safety and luxury. on the college tour that i took, the parents lapped it up. the cocoon is what they want for their children. the kids on the tour, they looked bored to tears. custome. would you mind if i go ahead of you? instead we had someone go ahead of him and win fiy thousand dollars. congratulations you are our one millionth customer. nobody likes to miss out. that's why ally treats all their customers the same. whether you're the first or the millionth. if your bank doesn't think you're special anymore,

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serious investors are choosing fidelity. now get 200 free trades when you open an account. one vacation season winding down, it is tuesday, august 20th and we have this for you. new york times says california is surging. is it? not so fast. of big knock on obamacare, the chicago tribune thumbs down, maybe the liberal media is turning too. a-rod soo is the yankees doctor, really? brian killmeade on his malpractice claim. if you are a 20 something with you save money by paying the penalty on opting out of obamacare? the august congressional candidate says yes and he is here.

the dow did break below $15,000 earlier, it is up 13, 15,024. we thought home depot, very good earnings that would bailout the dow. at is now lower. 75 on home depot. charles, thank you for occupying the seat. the numbers went up. is this the end? and the worst week in a long time. charles: worst week of the year last year and that followed a week that snapped a losing streak. don: is it over? we are bouncing 15,000, is this over?

charles: i believe we were so long overdue. and the biggest fool mack this year, a 5% will back so far. that is not normal. and life is the periodic pullback. and is more orderly, but doesn't have hyperjubilant field to it, and -- don: the profits being reported by america's corporations right now are sufficient or good enough for strong enough to merit 15,000 on the dow jones average? charles: this is a market of individual companies so to your point some companies, some stock can along for the ride the we are starting to see is differentiation. to build the mexican grill going up and mcdonald's going down, urban outfitters that a great report going up, and

aerospatiale has gotten crushed. the market is saying this company deserves this, this one doesn't. how that relates i am not sure but you are right, not all companies are doing well. stuart: same story of what went on vacation, you recommend individual stocks and a get out of the market and buy individual stocks. charles: we increase capacity, and 20% cash. stuart: i see look at the overall market ended depend on the fed. if the fed says one word about printing, the market goes to 16,000. charles: takes a good stock down with a i salivate. you look great by the way. stuart: incredible. the national highway traffic safety administration giving the kids love model s 4 highest safety rating ever. i got to believe the stock is up. >> it is up 2-2/3%, only 1% of cars get that rating. stuart: 148 on tesla is pretty

good. you saw it coming. charles: not this time. we took profits. stuart: netflix will team up with polk weinstein company to offer pay-tv. netflix, stock is where? >> up 2%, nearly 3%, 66. they did silver linings, very popular movie, maybe that went to netflix first. could that happen in a deal like this? stuart: i can't remember where was before i went on vacation, $15 or $20 lower. >> had a couple good days. stuart: i should go way more often. in a study by the national center for public policy research shows that young people would save money by skipping obamacare and pay the penalty, $95 in the first year. congressional candidate the youngest in the nation from virginia, a republican named ron meyer joins us now.

good to see you again. is that accurate that of the twentysomething pays the penalty, $95, up for those health insurance, they are better off than if they went into an obamacare exchange? is that accurate? >> if you think saving one thousand dollars is better off than yes, we have three million young people will save $1,000 if they don't going to the exchange and i say yes, that is worth it to sedna one thousand dollars especially in this economy where a lot of people are underemployed and don't have money to pay rent much less spend an extra thousand dollars for insurance. we are addressing the problem which is affordability, we put the law on the backs of young people in the first place and will fall on its face. stuart: if i am a youngster, 20 something and not earning much money and i go to one of these exchanges i am going to get heavily subsidized. i am not going to pay full freight. >> even with the subsidy the

problem is we have three million people who can save $1,000 with subsidies included and the problem is because they save some much money the obamacare and law estimates we have 2.7 million young people enter the market and the problem is those estimates will be 1 million people short, people who've been save $1,000 don't get in including subsidies that helps some people and don't help especially when we have an economy like this one where young people can't find a good start job or making the 24-$26,000 range and so they don't qualify for incredible subsidy but have a little bit but still very expensive. stuart: do you think obamacare's impact on young people is enough to sway votes away from a left, away from president obama toward you young republicans? is it that strong? >> we're taking this message to young people. the key is if we had done it with obamacare it might not have passed. this bill was sold as a great

thing to young people but the entire price, the cost on young people's back at a time with the highest youth unemployment, since the great depression, we have 50% of young people being underemployed, the wrong time to the cost of this monumental bill on young people so if we take that message to people who are struggling, take it to people who are vulnerable land have a softer message as republicans then i tell you personally when i talk to young people, like the one that was talking to yesterday it resonates with them that young people being targeted and we need advocate in congress, more advocates in washington and republicans need to take that mantle if we want a future in this country. stuart: we hear you and the president is addressing some college audiences later this week and into next week as well. thanks very much for joining us, appreciate it. data industrials up 15,026, where we are. we did briefly dropped below 15 k, next item, the establishment

media finally seeing the light of obamacare? here is this had led from the chicago tribune and i'm quoting directly more reasons to delay and rewrite this ill-conceived law. coming up 20 minutes from now we will ask a media watchdog if headlines like that one are a new trend in the establishment media. an exception to the rule or a new trend? interesting stuff. now we have the headline from the new york times. california's economy surging. will that trend continued? is it real? is the timing right in its analysis? let's bring in wall street journal joining the company right now. looking at the new york times article right here in saturday's new york times it says the state's budget problems are largely resolved, unemployment rate in california down from 12.2 to 8.5 and the republican party in california is virtually nonexistent. they are saying it is surging.

you say what? >> all those things are true except that half the state isn't doing so well. what you will see is a long the coast you have unemployment in silicon valley of 5%, 6%. in inland areas around central valley is up 15%. you really have a tale of two states within california. stuart: the article in the times says governor brown is a shoe in for another term as governor because the coastal areas are firmly in his favor and they are indeed coming back. >> he is going to have a lot either time because he got his tax hike in november which brought in 6 to $7 billion of interest revenue each year which really is going to prevent spending cuts, would have gone unions mad at him. about that tax hike we will probably be looking at a primary

challenge to brown. stuart: do you think the state is out of the woods? we call it the formerly golden state, we poured cold water all over it, it is not coming back. what do you say? >> i don't think it is out of the wood. it has been bolstered by the housing recovery, housing prices are up 25% in a lot of areas especially silicon valley, orange county and the wealth affect. stuart: is that slowing down? charles: san francisco had record a returning all the apartment and condos. certain areas to your point is amazing but i wanted to say this gets back to the idea i find amazing, liberals have this agenda about income inequality, nowhere in this country is a more prevalent in california and because of policies that rich person can afford higher taxes to pay more for gasoline and housing prices but not only can afford not afford it but it impede their ability to climb up the ladder of success but they keep voting in the same people who put these policies in.

>> that is right. the middle class is still hurting a lot in california and when you look at another few years environmental regulations kick into high gear, renewable energy mandate, cap and trade system which is already starting to kill manufacturing jobs and the electricity prices sorry you will see gas prices rise precipitously and doesn't get hurt. stuart: i will continue to call them the formerly golden state and i think i am still accurate. you ok with that? >> you can do whatever. charles: silicon valley engineer hollywood star, thank you. stuart: good to have you back. thanks very much for joining us. president obama back from vacation back in d.c.. on his agenda today welcoming a new pet to the white house and meeting the 1972 miami dolphins. what exactly is the president's strategy? moving ahead, going forward?

democrat strategist you can expect more fireworks just like this. i you telling me the president was right that you can keep the health coverage you like? you can keep -- a you telling me?

stuart: interior department sent out a 12 page letter warning alleppey stone pipeline could have, quote, long-term damaging effects on wildlife near its route. this contradicts the state department's report which said the damage would be temporary and indirect. perhaps this is more evidence that the president will indeed killed a project. we shall see. look at j.c. penney, a bigger loss than expected and sales cap on sliding but that stock is up, $13 only on j.c. penney but it is up 1% this morning and the parent of t.j. mack and marshall reporting higher profits, raising the outlook as well, that is up 5% at 53. charles is here, he was sitting right here having a grand old time. you are going to make some money

for our viewers with coffee. charles: back to green mountain, it is breaking out through $80 above 81. insider last week bought 14,000 shares, paid $1 million for stock at $75 and putting money where your mouth is, almost 40% of the total short but this next leg up will take the stock to 100 this time. stuart: at stock for couple years has been wildly traded. my day traders are special. charles: the story itself is remarkable, 1980 a guy walks into a coffee shop in vermont, invest in the company and reinvented themselves three or four times. i like a lot. stuart: $81 a share. charles: you noted the volatility. stuart: president obama is back from vacation. the buzz now all that he is back is about his new family dog called sunny and he is hosting

the 1972 miami dolphins, the team that went unbeaten but here is the question. what is the president's strategy with his approval rating on the economy falling? down 35% approval for his economic performance. let's bring in democrat giulio who joins us now. what is the strategy? >> elated out. you were not paying attention a couple weeks ago? he did a college floor like you, went to all these colleges and laid out a plan, a plan you should be happy about, bringing down the corporate tax rate 28%, for manufacturing down 25%, incentivizing business, running news abroad to keep revenues at home. charles: earned the revenues abroad so they don't expatriate them but earns them and the idea is to bring them back but do you want to get taxed twice? >> the bottom line is this is all pro-business the view should be filled with. nothing to do with sunny the dog

who is very cute. stuart: lower corporate tax rates on money that is repatriated. overall -- >> 20% for manufacturing, 25%. stuart: exit 25 for manufacturing, that strategy number one. what else? >> he wants to invest in more infrastructure spending which you won't be happy with the lot of people would be. stuart: that is not new. >> none of this is new. this is the fee has proposed before. because it is an old idea does not mean it is not a good idea and republicans as the rolling out of and should look at it and see where they find common ground. stuart: a president is embarking on a tour, a couple colleges. probably a different finding. when he gets there, he will have a friendly audience. is he going to say yes, we reduce the corporate tax rate, we are going to build infrastructure, what else? >> i don't know because i haven't shared the speeches with me in advance.

he has said things in the past 0 i don't know if he will again. stuart: obamacare for young people. >> obamacare is asked and answered no matter how much you beat the drum is happening. stuart: what is he going to say about it? he is going to have to tell them you got to get health insurance. >> and thank god. stuart: if you don't get it but you have to pay a fine. >> there are subsidies for people who can't afford it. people who are 26 graduating college, presumably 22 will stay on their parents' health care and other four years so they ar. stuart: old enough to move out of their parents' homes the monthly fine will be $695. each thousand dollars a year. $95 fine. stuart: will the president tell them that? >> why should they pay a fine when they can buy subsidized health care? they don't what is going to happen is they did a fine and get sick and young kids think

they're invincible but they end up in hospital and who pays for? all of us. they should be responsible for their own health care. why should we be responsible for their health care? they should be responsible for their own. i agree with you on that. stuart: is this going to be enough to turn around a president's approval rating on the economy? >> i think it should be and i will tell you why. people are frustrated and sick and tired that nothing is getting done in washington. you may argue i would argue the republican than giving him nothing to work with. that is why their ratings are worse than his. people are frustrated and tired and sick and saying i don't care whose fault it is, get something done. i understand where the frustration -- stuart: when you are a democrat, limited time left in this interview. you must be a little worried about obamacare. it is happening. stuart: a political price to be paid with rising price. >> we ran the election last year and i am happy to report despite

-- i am always a happy warrior. stuart: into next year's election with nine or ten months of obamacare you are happy? >> happy to talk about it because i think people are realizing more and more than they are going to get a lot of care and a lot of issues they had before whether it is preexisting conditions or you can keep your kids on your health care plan, whether it is the fact you can't get thrown off your health care if you get cancer, people will find more and more that is beneficial to them and i am happy to talk about that. even republicans by saying instead of talking about, not pointing at you but even republicans, a and wagging my finger but i will keep letting is like this. even republicans are saying now talking about repealing it, talk about what you would do to fix it if you are not happy with it because just revealing it will make sure we go back to the bad old days when if you get cancer they toss you off or can't get health care. stuart: are we comfortable with the interviewer just conducted?

>> i'm always comfortable with interviews. you get uncomfortable around me. i am comfortable around you. stuart: very good. it is your real name. >> angela, your daughter. if you want to adopt me -- stuart: good to see you. another day, another iphone rumor. two new models in september we are told but not expected to be the innovative type we usually get. the apple hype machine up and running all over again. stocks about 500, that is next. [ male announcer ] how do you get your boce?

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stuart: we briefly touched below 15 k barack 22 points, 15,033, quick stock check look at dick's sporting goods, didn't make as much as wall street was expecting, that stock getting hit, down 47 on that stock. new iphone rumors abound, they always do. here is what we think we know. apple will release two new

iphone models, an updated version of the iphone 5 possibly featuring a fingerprint scanner, possibly in a new gold finish as well as a cheaper version of the existing iphone with a colored plastic body. let's bring in laptopman.com's head man, mark spoonhour, let's talk about the iphone 5 c, that is the correct name? cheaper, how much cheaper? >> i don't think this he will stand for cheap. probably, you will get in a wide range of colors similar to the ipod did a. in terms of how much cheaper i am guessing $99 because apple's modus operandi is to decrease and cut the cost of the existing iphone for previous generation owner. this would mark the first time ever apple would introduce two new iphone is andy iphone 5 c

would not just are americans who don't have enough to spend for a new device the growing and emerging markets and that is where they're falling behind chinese based competitors. stuart: the apple 5 see coming up, targeted primarily overseas, not in the united states. >> it will still have an appeal here but they have to grow in those other markets. stuart: the iphone 5 s, that is not totally new but an upgrade from the old one. >> we're looking at a faster processor. a new cpu inside, better camera because there's a lot of competition has the best camera like nokia. stuart: i hear it this latest one, fabulous camera they say. is that correct? >> the photo editor took it out and we will be posting those images this week. you will be amazed you don't need that point and shoot camera anymore but that is what apple has to do, demonstrate their innovating in all sectors and have more competitors coming at them. stuart: the airport 5 seek

cheaper, maybe helps get the full more overseas. the apple iphone 5 s, upbraided, better camera, probably not as good as the nokia knock some flat camera. >> they're going after the sweet spot and what will coming to play is how apple leverages this iphone sensor at the bottom which will probably be where the home but news today and what can you do with it? people complain about i have to enter my password every time i make a purchase or unlocking the device. how else could they use something like that? may be making purchases online. is really important. stuart: the fingerprint thing. >> how fast does it recognized? stuart: i got to ask about this bold, they are making a big deal out of it. on the string, gold color. this will therefore sell well in

asia. >> india in particular and china this color is really popular with that audience and in the u.s. it will resonate too because people just don't want to have a device that looks like everyone else's and if they do it right bid is more of a champagne, razz opposed to gold. stuart: it is called champagne color and cheaper to make because of the process of making this particular color. of the look elegant and be surprised if that becomes the top seller. stuart: you tell me that the color, the finish make that big a difference? >> it is not the innovation that whiles me but for everyday consumers looking to stand out versus their friends if you ask someone the you have an iphone v or iphone 4? this is one way to stand out. it is not going to have a bigger screen. stuart: the fingerprint that whiles you. >> power is going to make my life easier. stuart: i'm interested in a new nokia phone with a camera because i heard so much about it and it is using microsoft

software and i own microsoft stock, full disclosure. >> agree windows phone and i wish available for more carriers than at&t. it is exclusive to at&t. stuart: i want to learn more about this, good stuff. thanks very much, appreciate it. we are less than two month from obamacare. october 1st is when the exchange is up here and it finally appears the establishment media is seeing the light on this new law. a surprising headline from the chicago tribune after this. right now, 7 years of music is being streamed.

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stuart: rich edson in santa clara, calif. got an exclusive interview with senator max baucus and congressman dave camp, they're working on a deal to overhaul the tax code, tax reform. what is your head line? >> senate democrats want $1 trillion in additional revenue, and max baucus says he

doesn't think tax reform will raise $1 trillion democrats are calling for. it will raise revenue and despite the differences between democrats and republicans, it will get done. >> there will be a sense of inevitability, a sense that this thing is going to pass. there will be a tipping point, senators and house members will say to themselves on want to be part of this because the world embrace that and that is a good thing. they will be part of this. >> what i picked up on, max baucus as lower tax rates, that is the whole thing about tax reform, that is what senator reid objects to. and that is the headline. >> if they want the rate cut,

and senior democrats, and raise an additional $1 trillion. and wood senior democrats, important subject. thank you very much. the chicago tribune is calling the president to rewrite obamacare. how president obama is flouting obamacare and went on to say more reasons to delay and rewrite this ill-conceived law. the president's home town been returning, ridge noise from the media researchins us now. is this evidence by a switch by the establishment media? is it gung ho support for president obama, a retreat on

obamacare? >> at least in chicago this is the paper that endorsed him twice, 2008-2012, david axelrod, the president's campaign manager used to work with the tribune, very instrumental in clearing a path for barack obama to win in 2004, taking on jack ryan with an expose on divorce records. for the ticket to return to him a signature achievement is big news but not being reported on the big broadcast networks for cbs, abc or nbc. stuart: do you think it might be a turning point? i think it is going to be chaos as obamacare is on rolled to the nation and i'm wondering do you think the establishment media will pick holes in it at the chicago tribune? >> the evidence is out there. chicago tribune has seen it and written about it. you have the employer mandate being pulled back for a year,

you have this cap being jettisoned for aayear, congress getting it done exemption past. these things have been incidental to know coverage on the big three broadcast networks which means a casual news observers are left in the dark about this. the media can report these things that are happening, draw attention to them and make them a big national debate or be hit with a splash of cold water and surprise when it takes effect october 1st and the exchange is january 1st for the individual mandate and a lot of unwelcome change it is not covered of time it will be the big shock when it takes effect. stuart: i want your judgment. you made a point consistently, media research institute, the establishment media is very much in the president's camp, that it is very much left of center and cheering on the president's economic policies. i want your judgment. do you think obamacare is the

issue which separates the establishment media from the president? >> so far it has not mix of the tribune is one example of where they have made the jump. so far they see this as something that does more good than harm, extends coverage to people. they like to repeat the million people getting insurance. half of those are being forced against their will and being fined. the public actually turns on obamacare after it is implemented you will see the media switch. right now they have no reason to. it is not going to be a big issue unless democrats open up the debate and lasting they want is for democrats to have one more vote before next year's election. stuart: we will be watching it, thank you very much indeed. the dow is up 36, 37 points. we dropped briefly below 15 k earlier this morning and are

bouncing back 36 higher at 1547. the alex rodriguez drama rolls on. now all he is suing the yankees' team doctor for malpractice. we call of the bronx zoo all over again. brian killmeade is with us next. (announcer) at scottrade, our clients ade and invest extly how they want. with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to.

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stuart: listen to this. tesla's model s sedan getting by higher safety rating ever from the national highway traffic safety administration topping every make and model in the united states. tesla, $140 up 2%. drivers getting relief at the pump. national average for a gallon of regular down from a week ago. a lot of relief. california with the biggest decline of $0.07 in the past week. $3.54. in new report by the department of education finds 50% of college students need federal aid to pay for school in 2011-2012 up from 47%, 2007-2008. up next, alex rodriguez suing the yankees team for

malpractice. brian killmeade will weigh in on this.

stuart: the a-rod saga continues. now he is suing the yankees's team doctor claiming he misdiagnosed a hip injury last october's playoffs. brian killedneed joins us. i am losing track of all the trains of thought. bring it together. what is he doing suing the

yankees team doctor? >> here is what he is saying. he was so hideous in the post season last year at a time in which the yankees desperately needed one hit, he was citing baseball's, rolling into attractive women in the stands in the dugout so he couldn't play. we didn't know why. a lot of times as you know they don't go out and said a my knee is bothering me. you will hideout after the season. he had a bad hip and needed surgery but claims doctors never told him how bad the hip was. yankees say you got to be kidding me. and everything we have let's make some public. so far the a-rod camp has baulked about doing that to show a a rod's accusation is wrong. stuart: this huge dispute between a rod, baseball stories and yankees and it gets worse and worse. is that going on here? >> alex rodriquez, allowed to as a member of the union to appeal that, it will take until after

the season. when you are on appeal you play. that is a lot of players, opponent, in angry, the incident yesterday. don't know if you have the tape, this is why they're looking around like zombies, national television, the red sox almost get into a brawl, when brian dempster decides to ignite the yankees trailing by three runs by furrowing at their enemy, alex rodriquez. you still yankees so he actually galvanize the yankees to alex rodriquez because he was victimized. rodriguez gets even by hitting a homer and proposing the yankees to a victory, and they are on the playoff race and manager biting for the manned made him a sympathetic figure in baseball. bottom line is we know he cheated, an ounce of integrity not admitting it and it is bad for baseball but bought a lot of interest but got me on your show.

stuart: the yankees want him to pledge a and want him to make home runs, they want to win. they need him right now, don't they? >> he is the best third baseman that have but if you ticket data of $40 million freed up to get other players and start rebuilding your foundation because it has been decimated this team has done very old but in the long run they're better off without his salary and that is why they're battling to get him out. stuart: you got to look at english premier league soccer broadcast network saturday afternoon. that is the up and coming sport, baseball is suffering because of what alex arias is doing. >> i am not going to bite you on this. stuart: we really do like you. thank you for joining us, see you again very soon. i think there right on that one. stuart: the only thing they should be visited be called soccer or football? other than that you are on the

same page. stuart: premier league soccer from england is the up and coming sport in the united states of america i don't care what you say a. professional bowling. charles: it has gone really good. i checked it out. not a bear with soccer the percentagewise it is doing pretty good. stuart: i don't know where to go with this. doesn't go away on vacation. a come back wooley headed. don't forget to listen to brian's all-star summit wednesday, 12:00 to 2:00 eastern on fox news.com. good stuff. can you legally change your name for two week so you can sell a product? maria schiarapova is trying to do that for the u.s. open. find out why she is trying to sell after this.

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lou: coming up on lou dobbs tonight from the president's incoherent least policy to his insistence on calling the various white house scandals

phony, we are joined by a leading psychologist dr. jeffrey and dr. julie hanks to tell us just what is this man thinking? join us tonight at 7:00 eastern. stuart: and now all of this. 26-year-old maria schiarapova is hoping to change her last name to sugar. 42 weeks during the u.s. open tennis championship, trying to plug her line of sweets, it is the name of her candy line and she will have to go through the supreme court of florida to get approval. charles, you are the one who brought this story. give us more. stuart: charles: the dumbest thing since prince changes into a symbol. we know the name and loved the name for a long time, your not marketing the name of the person behind the nation, the grit, the success, the beauty, she talks about but candy. 12 different flavors, splashy and sassy, that is where you are

on the court and where maria schiarapova is. why confuse us? stuart: we have just given her a ton of publicity. we have done it as a news story. everyone now knows that is the name of her candy line. you just gave a commercial for young woman who turns me off when she grunts every time she hits the ball. stuart: she is going for a middle-aged tennis crisis. she just lost, check this out, she fired jimmy connors after one tournament, they got together and said is this working? >> did you just received a tweet, someone said bowling is better than soccer? charles: when of our viewers tweet it is better than soccer but he didn't like either one on tv. stuart: a bowling tournament at the end and a tie? charles: true.

that is the case. stuart: you need a something. about a soccer championship cannot end in a tie as a penalty kick shootout. would you prefer to watch? charles: i tend to stop on bowling a little longer than soccer, three minutes versus two minutes. charles: more "varney and company" in a moment.

>> last hour, i gave you my take on the cacoon culture of college, which, in my opinion, prevents young people from becoming adults. college extends adolescence. here's your take. louise says when it comes to choosing college, key for our decision was the percentage of grads getting jobs upon graduation. good one. hew says this, not only were the students babied, they were also manipulated and molders.

we want to know what you are thinking. tell us, please, it's yours. connell: thank you very much. we have a bunch coming up here in the hour, jaguar, for one, telling fox business they are looking into the incident on the l.a. freeway where the actor dick van dyke's car was up in flames. he's already, what type he was driving. we have ken from fox sports on the big money battle over a-rod saying his -- well, more complicated than you think, and unlike many people out there, ken says he's not ready just yet to pass judgment on a-rod, so he'll tell you why that's the case. jack, the co-founder of twitter, pushing the company square was asked about larry summers on the board of the company and the idea that summers could be the next fed chair. that comment in a minute, and the highest paid model in the world, no one comes close to gisel at $42 million a year. tom brady can do nothing and be just