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tv   Varney Company  FOX Business  October 11, 2013 9:20am-11:01am EDT

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>> the republicans are losing the blame game. i'm charles payne, stuart's going to be back monday, but for today, here is the big story. president obama refuses to negotiate and the g.o.p. gets the blame for the government shutdown. well, that's what the latest wall street journal poll says. 56% are blaming republicans, only 31% blame the president. the republican party needs to change how it sells its message. it's not pandering, but the market's up thanks to the two sides finally talking and take a look at yesterday's rally. we see, well, obviously, we see a very nice pop this morning, and the market made a big move. could there be the start of a huge fourth quarter rally? i think it could be. you knew this was bound to
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happen. problems in the twitter ipo fillng. it's paul about advertising. twitter isn't telling who they are and what they're spending. important stuff, and investors maybe they should be worried. you shouldn't be worried because "varney & company,"" we're about to beggn. it's a gwing tnd in business: do more with less with less energy. it's a gwing tnd in business: soon, the world's most hp is hintelligent servers,hat. designed by , ll give ups over twice the performance, using forty percent less energy.
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>> well, before president obama's refusal to negotiate, he's winning the blame game. >> what i said to them was this, making sure that the united states government pays its bills, that's nonnegotiatable. charles: senator harry reid reiterating that position even after talks with the white house. >> republicans were here earlier today, they want to negotiate before you reopen the government. >> that's not going to happen. charles: that's right, despite stonewalling from the left. 53% blame the republicans and only 31% blame president obama.
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as for the actual talks, don't call it a negotiate. there will be no vote on the extension of the debt ceiling today. they're waiting to see how these talks go with the white house, as senate republicans are going to meet with the president. in the meantime, time is money, so 30 seconds, here is what else we're watching for you today. the obama administration announcing they're going to let states use their own money to keep national parks open. governors have asked for reauthorization to open the parks in their own borders. there's the fields out there. shale fields, 20,000 of crude in north dakota spilled, no injuries, but it will cost up to $4 million to cost up. and some are threateninggto ban frack, they're worried about the drilling process. could it be the start of a fourth quarter rally. we'll watch the market watchers next, no such rally for the, know giants, falling to 0-6 after losing to the chicago
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♪ >> could there actually be trouble in twitter paradise?
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after the ipo filing, will it scare investors away? we'll talk about that coming up. we're a minute away from the opening bell. joining us scott shellady. scott, we've got to ask you, a huge day, could this be a start of a fourth quarter rally? >> we'll have to see a few things fall in place, number one, a concrete deal come out of washington and number two, i would have liked to have seen something like six weeks. i think the longer the deal the higher we would go and number three, you'd see yellen continue with the policies of ben bernanke. i'd like to say, don't you think it's funny we've gone from green eggs and ham to tax reform and i know the obamacare thing is off the table and we've come a long way from yes, i am, sam to entitlement reform. >> if we can get washington off the table, it's a big deal for investors? >> absolutely right. because we can't keep lurching
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from one thing to the next. we have the same old economy and the same old risk and the same old government in place and things we're going to get over, but ultimately we're on the right track. charles: thanks, a lot, scott. and as you hear, that's the opening bell and it's ringing right now. the market is going to open relatively flat and right now i want to bring in john layfield, he's in bermuda. do you think that yesterday's rally could be the start of a big fourth quarter rally? >> i don'ten, but i think the market wants to rally and badly and what your guest just said about miss yellen is the biggest thing going on and i think that the market believes that type of bandaid is put on. i don't think that anybody thinks there's going to be a grand bargain in d.c. these guys can't agree on anything, they're probably not going to rip it off. they'll put a bandaid which will allow the market to do
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what the market wants to do and i believe that the market does with a nt-- want to rally. >> i think a 2014 event and hiking rights, 2016. should be markets begin to think that way? >> i think so, because the economy is just, it's luke warm. it's that goldilocks economy. ben bernanke gave miss yellen a christmas gift. i'm going to give you all of my problems pand do nothing about it. and she's left with a mess and she's going to have to taper. the economy isn't recovering quickly enough for a significant amount of tapering. >> hold it right there. we're talking not really grand bargain and not grand economy, but the market still goes up. let's take a look at the market now. because we're opening and we're returning for a couple of minutes. down 25 after upgrade 23, not necessarily a bad start. want to give you the start to
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j.p. morgan, they processed the call when it opened. >> we're taking a look at j.p. morgan, it's up 1/2 a percent. and ii's the first ever loss under its head, jamie dimon. it's squeezinggout something here. they face a lot of legal costs, some of which are undetermined, but up arrow, nonetheless. >> yeah, i mean, those losses were from legal fees, no doubt. and jamie dimon, by the way, saying that all of those government investigations, they're hurting the bottom line and we're going to talk a lot more about that in the next hour, nicole, i'll get back to you after the next stock, another stock, wells fargo. >> when you think of wells fargo, the largest mortgage lender and they're telling the story about credit quality. and fewer bad loans, that helps them in the quarter. however, they've seen applications dropping. and the numbers that they make,
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the home lending originations amounted to 80 billion. and that's compared with 139 billion. so, it looks like they're doing fewer mortgages that close, but the quality of the mortgages are better. so that's bringing them some balance. the stock is down 2%. charles: not necessarily a bad start. thanks a lot, nicole, we'll be back shortly. right now though, i want to talk about the co-founders of blackberry and they're considering a bid for the company now. they couldn't decide who would actually run the company, now, they actually want to buy the company, as you can see the shares are up fractionally, that's a drama that won't go away. the new drama could be twitter. that's approaching and november 15th expected to be the day for the big ipo. and looking to raise 1 billion dollars. here is the problem, guys, they have not made a peak on their advertising business, no numbers or nothing. and considering that's where they make their money. let's bring in jo ling kent and first to you, jo.
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listen, they set up this environment where companies can go public without giving out a whole lot of information until it's the time when they buy it. remember the facebook debacle. what do you make of that? >> it's interesting because when you look for the specific numbers on how much ad revenue they've generated so far, who they are, they don't reveal it. if you look at other tech companies and what they've disclosed and not disclosed. a lot of companies don't disclose it, it's considered to be competitive secrets. a lot of different ways, you can look at it. you've looked at the twitter deals now, they've had a lot of
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and not just the deal, but they had the video las year, a good acquisition and what they're doing with the mobile advertising, that's the biggest acquisition they've made. charles: what i like about the structure, the insiders are not selling any stocks and there's not duelling classes of stocks. if you're an owner of the company, you're an owner of the company. let's talk about alibaba, the amazon of china and talking about acquisition, they made a huge run at sck runner, and they're planning an ipo probably in the states. how big of a threat is alibaba to amazon, jo? >> i think we're looking at this and i think it's possible
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that it becomes a threat later, but right now, alibaba has been trying to expand its e alsootrying to strengthen their hold in china. so, i don't think it's going to be a huge competitor et, but certainly if you look at shop runner, it's a similar sub prescription model to amazon prime and it may work for people who want to dry out different products. the potential is there, but right now the stake is alibabb, i don't see it as a huge challenge yet. but with the ipo around the corner, this is good news for potential investors. charles: and establishes valuations, right? and we'll get a chance to figure out what that chinese market might be worth from a name that everybody recognizes. we've been talking alibaba for years, it could be a win-win for everyone. i want to talk about new revelations in a book, jeff bezos. he found out he was the
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biological father and he was raised and said he didn't know his biological dad. >> that's right, ellison, steve jobs, a couple of other major names, it's an interesting coincidence, but i think that the brad stone book is coming out, the everything store, it's going to be hugely illuminati illuminating, not only for people at amazon, but "the washington post" who this guy is and the huge media company or-- >> it's something, even though we know the name we don't know the person. i like the story, just came out last week, david and goliath and the theme of the book is how a lot of times we think that something a disadvantage, but it urns it-- turns out to be an advantage. and we don't advocate that, but a lot of people have gone to heights without a father. >> and there's a challenge because many immigrants are trying to build a new life and
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an interesting parallel. it's interesting to see, a fascinating man and i look forward to reading this. >> i know that steve jobs was obsessed with it. and clothing retailer gap. hit with a downgrade. nicole, the gap is down now, right? >> here is the thing, they came out with numbers for september that were a disappointment. overall, it was a drop of 3% and analysts had been projecting a gain. they talked about economic uncertainty. the men's business outperformed the women's positions. old navy down 2% and even the same-store sales. and banana republic, down 5% and the gap down 3%. it's not like even one of their three stores, at least they have a silver lining. charles: they have been such a juggernaut the last three years, it was bound to happen. i tell you a stock that has been a juggernaut, that won't
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quit. chipotle a new high. . nicole: that's right, a couple that were-- a new high go on chipotle. charles: you know, the short chipotle because of taco bell. i thought it was dumb and loaded up on it. >> and fox business network, making money with charles payne. charles: we'll talk to you again soon. can you believe this, despite being the most successful sports league in the country, the national football league, the nfl is actually talking to a woman behind the push to strip them of the status. right now i have four stocks this are moving this morning. solar city, they gave ouu great projections for next year, and this is an elan musk stock, he's the chairman and he's buying more and so is the ceo and the chief revenue officer. they say next year is huge and
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elan musk is buying more. take a look at c-span, they terminated a public share offering, that means less solution. and the company is based pout of the marshal islands, believe it or not. a big day for them. safeway, weeks ago, they said that wal-mart was too big and going to put the grocery stores out of business. this was at 21 and look where it is today. they had a great number and they're okay. and the securities life power group in part because the company put itself up for, maybe, a takeover and perhaps maybe a bid for north of $4.27 where it's trading now. let's check on the big board. last time it was off 25 points and we're off less than a point and maybe the early buyers and check on the price of oil. oil out of the shadows. 101.25. 2% this morning. young people are beginning to realize that obamacare may not be worth it. health care coverage costs are
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but i had to chae to bounce dryer bars. onbar freshe more loads than these two bottles. i am so goa tell everyone. [ male announcer ] how do you get your bounce? [ woman ] time for change! >> all right. the big board, first down 25, unchanged and now up 14. maybe there's a pattern forming. time now for your morning gold report. gold is well under that $13 mark and by the way, it's made a series of lower highs, an ugly chart long-term and now breaking down, down 30 bucks, not a good sign. what's the deal? yellen is not going to stop printing. let's check the price of oil. a haad day, down almost 2%, but
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above 100. i want to take a look at micron, reported after the bell and on the top line, misses on the bottom line. i think it's good guidance and that's why it's taken a haircut this morning. speaking of haircut, obama enrollment is in the second week and it's settling in for many americans, and young people, premiums have gone up in some places 200%. without millenials work if young people join, and even president clinton says. >> they'll have the cheap plan, $100 a month or so, we've got to have them in the pool. >> caley joins us, the editor of political prospects, and obamacare, you know, listen, everyone knows it centers on
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young people. here is my out of the box observation when you hear that. for the last two years, the president ran for election, you could as a young person stay at home until you're 26 and at the same time encouraging them to stay at home and pay. which is it? it seemed doom out of the gate. >> how pathetic and sad that affordable care act, rests on d the backs of the 2.7 millenials sign up. how sad, the disadvantaged segment of society saddled with 26,000 student loan debt. 16% unemployment and expected to pay more? >> they're dropping out of the job market. we're talking about participating, they're dropping out of the job market, the poorest segment of the population and paying for the richest segment of the population, somehow it's fair and affordable? give us numbers now.
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now we're seeing what people have been afraid of. >> you're right, an average of $250 a month extra that millenials would pay and top of the $60 $70. in vermont it could be as much as $330. >> you're going to less than a hundred to over 300. a month? >> a month. and virtually take what you're paying and multiply it times three, that's what you'd be expected to pay in the exchange. >> go ahead. >> i think this could be the breaking point with millenials and the democrats and obama. and the issue with obama's name on it called obamacare, can't get away from it. $250 will be leaving millenials pockets. >> and young people, liberals when they start make that
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transition and get the first paycheck, who are the people, fico and who are the people on my check? >> exactly. about 50 percent of a millenial's income will go to health care. >> astonishing numbers. keep it up. >> thanks. >> we did in three minutes what republicans haven't been able to do in three years, clearly explain one of the biggest problems with obammcare. and up next monica crowley is here to talk about the g.o.p.'s failure to communicate. and now, even national parks could open if states want to pay for them. is the shutdown as bad as they're painting it to be? do you feel it? next. ♪
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>> this company owns a pipeline that sprung a leak in north dakota. believe it or not, the stock is zooming up 4%. the shutdown will get the headlines, but remember most of the federal government is open. it's opening bit by bit. national parks are shuttered,
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but one is refusing, is this a victory for small business? >> look, we have such a huge, bloated, out of control federal government that if you can actually shut down 17% of it, nobody notices. when you have actual people being hurt by this, like in this case the small business, fighting back, and you've got a david and goliath kind of argument going on here and you've got the small business winning. that's a huge victory for small business. i'd like to see more and more people stand up to the government in this way. >> that was another example of maximum pain. and the idea that if they'd had this fight in the beginning, it's petty. >> not just small businesses, but people that live on leased land and the government went in and threw them out of their homes. again, this is max pain inflicted by the obama administration to bring on political pressure. it's totally despicable. if you can stand up, if you're a small business or a person in this situation against big government, do it, baby, you've got support. charles: let's not forget,
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small businesses have guts to begin with. and mentioned the national parks. states can pick up the tab if they want to keep them open. we've talked about stage right and the battle between this administration and the ideology wanting the states to do their own thing. in this case it looks like the states might have won. >> in a number of cases the states say look, these are big tourist attractions. charles: they make money. >> yosemite, grand canyon, how can you shut down the grand canyon. charles: you're talking the administration were shutting down things that were self-sufficient where millions of people go and spend money. >> by the way, that's the critical.. what you see with really big government, they go in and they kill revenue. they go in and they crush profit. they crush money-making enterprises and that's what government does and that's what really big government really does. >> yeah, this whole thing is about maximum pain. people being turned away from national parks and blaming the republicans. >> and the states standing up and small businesses standing
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up. >> yeah. >> the next hour, we've got a woman who is talking about david and goliath and taking on the nfl and the status. plus, how does the republican party change its message. it's losing the blame game, whether you want to believe it or not. we'll talk about it with monica. it's a big deal. we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their0s. and that's areat thing. but even though we're living longer, one thing that sn't changed much is the official retirement age. ♪ the questis how do you make sure you have the money you need to enjoy all of these years. ♪ try align. it's the number one ge recommended probiotic that helps maintain digestive balance. ♪
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using forty percent less energy. multiply that across over a thousand locations, and th'll provide the same benefit to the environme as ove60,000 trees. charles: deal with it. the rough publicans are losingg3 the blame game to president
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obama. monica crowley will be here on that. the nfl, well, a nonprofit? are you kidding me? we will talk to a fan who is trying to change that. you may not need the heavy coat anymore. this may be the mother of them all. the drones will fly right here in studio. heads up. a power packed hour of varney and companies coming. ♪ charles: what is going on here? of 350 points in the last 24
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hours. talks continue towards the dead bill. as long as there is no -- let's take a look at jpmorgan. nearly $6 million in the last few weeks. that would have been higher. ceo jamie dimon being summoned to meet with eric holder weeks ago. this is what he had to say about that. the corridor was marred by large legal expense. it should normalize over time. they may continue to be volatile over the next several quarters. monica is here. larry is here as well. this is a shakedown.
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>> yes. we have seen this before. charles: no one is saying that these are nice guys. >> there has not been a single homeowner that has been identified that was foreclosed on that should not have been foreclosed on. this is just filled with irony here. jamie dimon was really the only ceo of a major bank not to blow up the bank. charles: it never stops. >> this is what too big to fail is. a piggy bank for politicians to take the money, not from jamie dimon, but from shareholders across the nation.
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the government is taking from you and they will give it to people that they want to give it to. charles: it is like owning a cal. >> exactly. the same kind of repetitive pattern that got us in this mess to begin with. charles: safeway. nicole, how the shares reacting? nicole: we are seeing the shares at a 52 week high today. they have been doing very well. the stock is up 5%. charles: doing pretty good despite walmart. president obama is still winning the blame game. 53% of people blame republicans.
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really, this gets back to the gop? >> we have been writing about this on the "wall street journal" editorial page four weeks now. you cannot promise something you cannot deliver. even if they could get this through the senate, which is ridiculous, the president was never going to sign that. charles: this has been going on for some time. >> this is just the latest problem..3 there is no question now that the republicans have essentially lost the messaging on this. on policy, they are absolutely right.
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look, you have a very corrupt leftist media in this country. we all know that. ofat way. charles: we know that going in. >> we have a plan. it is while paul ryan put in the journal earlier this week. where is ted cruz? paul ryan is saying come together on a budget deal. he says even if you get rid of obamacare, we would still go broke. >> of course obamacare is the mother of all entitlements.
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>> obamacare may collapse under its own weight. they will not get anywhere near the number of people they need to make this program work. charles: dead on arrival. >> once the government program gets put into place, it is never ever rolled back. the republicans are trying everything they can. charles: there is a big difference between being right and winning. >> they need to figure out how to talk about reform in a way that does not scare america. charles: if you are going to
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sell products in china, you better sell them in mandarin. is this a bad sign for mark: . we got him on the phone. >> charles, good morning to you. charles: did you feel a little lighter? >> no. i respect the system. one of the finest things we have in america. this was a really dicey case that was tried out in l.a. there was a question on whether or not the person had their foot on the gas and brake at the same time. it is very different than the software case we will be arguing next month.
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charles: from what i have read and what i have remembered, they decided it was not software. it was people mindlessly getting -@their foot mixed up on the different panels. >> they can say that. that is certainly toyotas position. all of a sudden toyota zoomed with 60,000 new complaints. it is not that all of a sudden all of these drivers forgot which pedal was the gas and which was the break. charles: the burden of proof, a little different, a little less onerous and civil versus criminal cases. that helps you.
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after the news today, those toyota come back to you and say give up or take a smaller settlement? >> it is a win for toyota. the case that we are trying is one of toyotas. this is the very best toyota case from toyotas perspective. we have a good run. charles: i can tell you who else has problems, verizon. they may be your next target. thanks a lot, mark. amazon shares doing pretty well. how are they doing? nicole: we are seeing it up over 1% today.
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this is as schools are moving over to the common course state standards. it will help them to boost the kindle tablets. i can say, i know my kids use the kindle for reading at school. they talked about this very course standard that they will be moving to. it will be interesting to see how it works. charles: thanks a lot. we have been asking all of our tech gas, what could be the next big thing in technology. ♪ [ woman ] if you have the audacity to believe
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medical or dental procedur. i've got three important reason to up my game withliquis. [ male announcer ] ask your dtor today if eliquis is right foou. [ male announcer ] ask your dtor today sometimethey just drop in.cme g risks and capture opportunities. we enable u to reach global markets and drive forward with broadepossibilities. e group: w the world adnces. charles: a waitress that a red lobster did not get a tip from a customer, they wrote a racist slur on the receive. someone started an online
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fundraiser for her. that is a great story. one of the best companies to work for in india. it offers stock options. a great company for years. what will be the next big thing in technology? our next guest says it is here. he is talking about twitter. you know what, i know twitter does not have any competition or anything like that,,but for me it is just a successful social networkk it is not a game changer. >> twitter is really pushing social tv hard. they just announced a partnership with comcast. i can look at a tweet that is from a comcast account and i can
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actually see the tweet and then click on the see it but then and watch an episode of the voice or schedule it on my dvr right there. charles: why can't other companies do the same thing??3 >> comcast is looking to develop a platform. they would like to extend this so you may see it on something like facebook or even on a website. charles: i am looking for the next big thing to merge man, machine, technology into the ultimate thing that lives forever. [laughter] >> the twitter ipo is coming up. i think it will be the biggest thing you have seen and knowledge he. they are bringing together old school media with new school
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media. they have a social tv experience. i believe that this is just the beginning. you will see more partners jump on board. you will see twitter become the commune are -- communication system of choice. charles: these guys will probably eclipse all of them. >> i think that the potential is certainly there. right now, twitter has a lot fewer users than facebook does. the engagement that twitter has is incredible. charles: i tweeted three times during this interview. i know exactly what you are talking about. how do you monetize that?
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>> twitter has their own mechanism of doing that. the other big part of that is sponsored tweets. you are seeing that celebrities are getting paid thousands to even hundreds of thousands of dollars for a single tweet. that allows both the users and twitter itself to monetize. charles: you know what, you make believer. thank you very much. come back real soon. a former detroit mayor god 28 years in jail. democrats are now saying he is the victim. believe it or not. a lot more on that next. ♪ she loves a lot of the same things you do.
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charles: it is time now for a check of the. boortz. it has shifted. you can see a gap down almost 7%. i will try to make you a little money.
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on the cusp of breaking out. a lot of resistance. i think this could be a $120-$130 stock. let's talk now about the former mayor of detroit. sentenced to 28 years for corruption. on initial reactions were that his sentence was too harsh. he got 28 years. tom delay got three years. oliver north got a $150,000 fine. nixon never served a day. this is a crazy mentality. >> it is shot through the left. we should not be surprised about
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this. the bigger message is that this is why these communities stay poor. this is why they never get out of the cycle of poverty and bankruptcy. there is no accountability. -@detroit is bankrupt. this guy was so corrupt and he was stealing from you. he kept getting voted in. now that he is going to the big house, people are saying this sentence is too harsh instead of should be in jail for the rest of his life. charles: someone violated your trust. you live in a city that has been shaky your entire lifetime. you give him a shot and he steals all the money from you and you want to feel sorry for
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him. >> they are saying race where it does not exist. charles: look at illinois. >> they have all been white. this has nothing to do with racism. charles: the left continues to sell victimization. that is what they sell. you are being victimized by someone else what. >> it is the fault of poverty in america. it is never your fault. we solve this with the 9/11 hijackers. it is about individual responsibility and the choices we all make. charles: let's talk about the
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gop. they have not stood up to this kind of stuff at all. >> they are afraid. they are afraid of their own shadows. we have a mainstream media in this country that is monolithic. the only media is all on the left. they formed a wall where they pound the conservatives and republicans every day. charles: we ill see a guy like bill de blasio being elected. he will make them feel like they are still being victimized. somehow, somebody rich on wall street is stealing from them. the republicans better figure out a way. >> that is absolutely true. class warfare. you see this from de blasio. you see this from obama.
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charles: i say throw him under the present. talking about something else. can you believe this? the nfl is tax exempt. we have a woman talking about this up next. ♪ it's a growing trend in business do me with less with less energy. is helping ups do just that. soon, the world's most intellent servers, designed by hp, will give ups over twice the performance, using forty percent less energy. multiply that ross over a thousand locations, and they'll provide thsa benefit to the environment as over 6000 trees.
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that's a trend we ca alget behind
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charles: let's had to wear all the action is. rich ads in is on capitol hill. rich: the plan is not necessarily dead. staff members meeting with other staff members. there is a lot of discussions going on on capitol hill. the november 202 plan still
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exists. it is on hold right now. for the first time we have a sign of bipartisan progress. >> we know that harry reid was looking for a one-year extension on the debt ceiling. republicans looking for a shorter one. president obama said he may be inclined for a short gain as long as it is clean. are you getting anything in terms of what they are actually talking about? >> it could be any of those things. right now, they are identifying areas that they can get together on certain things. maybe some of the mandatory spending cuts that president obama put in.
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it is the early stages right now. right now, i think the first order of business for them is to reopen the government. there is still a little bit of time under the debt ceiling. it is still a little early. it will depend on how long the debt ceiling will be raised. >> the white house as cut harry reid out of the negotiations because he is insisting on this year-long debt ceiling. >> harry reid will have to eventually sign off on whatever happens. he controls the senate. the political posturing continues on both sides. he is not in specifically on the negotiations, but eventually this is something he will have to sign off on. charles: considering the stock
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market's reaction to this and the damaging polls to both parties, you just talked about the bathroom negotiations, do you think we will get anything in front of the cameras? >> i think it is a pretty good indication that nobody finished the meeting last night. you heard a very similar statement between the white house and republicans. i think you will still have plenty of members talking about the same issues. right now there seems to be a little bit of call me in the rhetoric. charles: a gag order in d.c. obamacare enrollment numbers starting to come in. guess what, i know you probably knew this, but they are not as good as the administration was hoping. the des moines register says five people have enrolled in
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that state. we talked about being able to count the people that have enrolled in iowa on one hand. five people. >> nobody in the entire state of hawaii. it is difficult to gauge how charles: how is that difficult? if five people signed up in iowa, what is the problem? people don't understand it? >> they could not actually get through because the website is still riddled with all kinds of glitches and problems or they were just curious. they went on and they saw it and they backed away. no one is talking about the
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deductibles. they are incredibly high. eight of adoptable of $14,000. charles: a lot of people thought it would be free. there is no dow about it. people like the affordable one, but not obamacare. it is not affordable. we are finding that out the hard way. five people. mary was here talking about how fasttthis thing has come out of gate. this is the equivalent of being dead on arrival. >> maybe this was designed to fail. the whole thing was designed to collapse. they can move us to single payers. remember, that is the ultimate
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objective. charles: you are giving this credit. this is just a flaw. the whole thing to me is backfiring. >> this has been the left's big dream for decades. they finally get it, they will not let it go. charles: the stock raising its forecast. take a look at that. huge move. of 8%. smart businesspeople. everyone knows the nfl. and industry in and of itself. one sports fan wants to change
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all of that. she joins us now from new orleans. how did you come up with this? >> good morning. how are you doing? charles: i am good. >> i am a huge saints fan. i am a huge football fan. i want to go into it saying that. just a little concerned over the last few years. it left the fans without much of a voice. charles: what does any of that have to do with tax status? >> i will get to that.
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we have cities who are subsidizing their stadiums. their games are blacked out. they do not even get to see them. people tell you to boycott. fans do not want to boycott their teams. we needed to take a little different tack to address the issues. this seems like a way to sort of assert a little bit of a voice. charles: i am having trouble connecting the dots to how the tax status impacts the fans. you can say that it is unfair. >> it is. share. i think that is why it is resonating with people right now.
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i get a lot of arguments for why there is money coming in from football in general. no one has really been able to tell me why the nfl has tax exempt status and why they have had it for half a century now. that really is all i am saying. let's look into that. we have had a quarter of a million people sign up right now. 250,000 as of a couple days ago. charles: for nfl, that is how many people go to a typical friday night game. >> i have a quick question. we just saw a new poll this week that shows a record number of americans think that federal
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government, and actually government at all levels, is way too powerful. maybe it is time that we start to starve the government of some money. every time the government gets money, it spends it. >> there are people that say that. i can tell you that this is a nonpartisan issue. youuhave senators working together on the blackout issue. it is nonpartisan. this is not something that goes towards starving the government or putting more money into the government's pocket. it is more of an issue of fairness. i work with a lot of nonprofits.
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i have a charitable foundation. none of the ceos i work with are making millions of dollars here. charles: they better check out what is going on. my goal is to make a lot more than that. part of the theme of this show has been david versus goliath. you fit that the weather people agree with you or not. it is a new technology that a lot of people are talking about. inexpensive drones. they can be flown by just about anyone. we will fly one of these bad boys write here in the studio. ♪ ♪
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the only u.s. carrier that is allowing point sharing. not enough truckers showed up to cause traffic delays. only 30 tractor-trailers have showed up. state troopers move them along. there were no major incidents to report. tens of thousands of jobs were expected to show up. next we will show you a drone. a flying drone. should the government get involved?p. ♪ it progressed from there to burning... to like 1,000 bees thawereust stinging my feet. female announcer ] it's known that diabetes damages nerves. lyrica is fda approved to treat diabetic nerve pain. lyrica is not for everyone. it may cause rious allergic rctions or suicidal thoughts orctions. tel your doctor right ay if you have these, new or worsening depression, or unusual changes in md or behavior.
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16 let's go back to nicole. nicole: jpmorgan. down about half a percent right now. the core numbers beat the street. that is good news. this is the first ever quarterly loss under jamie dimon. they have been facing a lot of legal fees. 52.22. charles: wells fargo. they reported this morning. nicole: up 13%. the mortgage group has been suffering to a certain extent. charles: thank you, nicole.
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drones. they can be flown by just about anyone just about anywhere. even in our own studio. [laughter] charles: that thing is cool. >> yeah. it is pretty fun. i can see the altitude. the flight speed. i can push this button to take a picture. basically, a satellite guided flying camera. anyone can learn how to fly it in about ten minutes. charles: absolutely amazing. >> this is the phantom to vision.
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we are really excited about it. the phantom came out earlier this year. it has been a great success on amazon. the second version here is really cool. though props self screwed themselves on. a prof cannot come off. there are no cables anywhere. you have this great, wireless experience. charles: how much does this cost? >> about $1200. charles: a bunch of these in the air, at some point, the government wants to get in and start regulating this. >> we are working hand in hand with the faa and other
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manufacturers. we are all very much on the same team on wanting to make the national airspace more safe. every single year there are multiple helicopter crashes and deaths. why not use something like this. if it crashes -- charles: the big business for you is regular people. >> sure. charles: manukau, would you buy one of these? >> i am not sure. my first question is about privacy. people are taking pictures of you. that is not a good thing. what about the training on this? we saw in astoria, new york, one of the top helicopter remote control guys was killed by his own helicopter. what is the trainings like?
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>> that is a great question. he was doing kind of aerobatic sport. 3d flying. he had a very large helicopter. a 5-foot rotor disk. he comes really close to himself. it is really dangerous. that will only work so many times. it is a really sad story. charles: you say it only takes 20 minutes to fly this thing. there are some really good things that could come out of this. >> that is right. a lot of people using this for wildlife, farm monitoring, search and rescue. it made so much noise.
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it cannot sneak up on you. charles: you were runner-up in amazing race. congratulations. i think that this is phenomenal. charles: you will not believe how hot it will get over the next 30 years. hot. we will talk about it. ♪ @
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gerri: lou: president obama plundering across the world stage. we will be talking about egypt, syria, russia and the so-called obama visit to asia. tonight at 7:00 p.m. eastern. ♪ charles: we dug deeper into those "wall street journal" polls. a whopping 78% think that the country is on the wrong track.
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monica, the president won the showdown. he won the blame game. there is nothing good for him. >> there is a lot to talk about. i think you just pointed to the most importanttpoll number of them all. the right track / wrong track number. the job picture is weak. economic confidence is dropping sharply. obamacare is already wreaking havoc. i think the lack of leadership is failing us big-time. i think there is a general disorientation with america. charles: there is a real epidemic with young people. by 2047, give or take five
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years, though paul will be warmer this year. >> i am not holding my breath on this one. pretty much every single forecast they have given us has turned out to be exactly wrong. charles: your take on obamacare's impact on young people next. ♪ investment pn. i need to rethink th core of my portfolio. ishares core etfs are low-cost funds. so you can keep more of wt you earn. get started with thenew ishares. design a personalized plan that can hp you achieve your investment goals. ishares by blackrock. call 1-800-ishares for a prospectus, which incles investment objectives, risks, charges and eenses. read and csir it carefully before investing. risk includes possible loss of principal.
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to 16 we want to talk about the nobel peace prize. i hated this organization. this is terrible. charles: yes. >> she absolutely should have gotten it. what do you expect from the
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committee? charles: they really did blow this one big time. she is a hero to so many people around the world. my own personal hero is connell. he is next. connell: have a great weekend. republicans rounding out the marathon session with congress after the meetings last night. can a deal finally get done? that is still a question. this comes as a new report is out. a chemical supply problem that could mean the beginning of the end for america's nuclear program. how did everybody miss this? a huge snowstorm in south dakota. it buried more than 70,000 cows. the cattle markets are reacting to it. mark zuckerberg buying out

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