tv Varney Company FOX Business October 14, 2013 9:20am-11:01am EDT
9:20 am
9:21 am
that's where we are this monday. good morning, everyone. remember, please, it's the talks on spending, not borrowing that are broken down again. maybe that's why the market has a fairly muted response, the dow down about 100. nothing muted about the reaction to obamacare exchanges. yet, it is a train wreck and the new york times is leading the putdown. dare we say, obamacare collapsed. the there's a whole lot more this monday morning, harsh criticism from china, directed at us, america. and pink month at the nfl yields little for breast cancer got news on the huge twitter ipo. "varney & company" is about to begin. peace of mind is important when you're running a busins.
9:22 am
9:23 am
9:24 am
world war ii memorial bringing them to the white house. they want their memorial reopened. one of the veterans said this. >> the veterans have been there and had take care of brothers and sisters in arms, and families as stuff happens and we continue to want to do so and congress should see there's a need to take care of our veterans. >> overall the shutdown is it being reversed, national parks and monuments around the country, some reopening, the statue of liberty, mt. rushmore, the grand canyon because the states, not the feds are paying the bill. about half the furloughed federal employees are working, they're reporting back for work. all of them will receive the back pay there are due, but the political stalemate, that's not letting up. the markets don't care that much. the bigger issue for stocks is thursday's looming debt ceiling deadline. the markets seem confident there will be a deal on that or else they'll be down a whole lot more. 107 lower at the opening bell, not a big deal. time is money, there are other headlines for you and they're
9:25 am
all about technology. the twitter ipo so big banks are lowering their fees to get in on the action and what does that mean for the stock when it debuts, supposedly next month. it's a big deal. net, netflix could be coming to your cable box soon. a big deal between the on-line video streamer and cable companies, a win-win and the stock will be up today. facebook's mark zuckerberg buying a property around his palo alto home, why? he says he needs more privacy. a big night for comeback victories in sports and new england sports in particular. the boston red sox overcame a did deficit in the 8th to defeat detroit and tie it at one apiece. david ortiz hit grand slam and tom brady threw a touchdown pass with five seconds left. what a day in sports. you certainly don't want to see -- ♪
9:26 am
bell ringing, applause ] five tech stocks with more than 10%... change in after-market trading. ♪ all the tech stocks with a marketap... of at least 50 billion... are up on the day. 12 low-volume stocks... breaking into 52-week highs. six upcomg earnings plays... that recengapped up. [ male announcer ] now the world is your trading floor. get real-time market scanning wherever you are with the mobile trader app. from td ameritrade.
9:27 am
trust your instincts witto make the call.er app. to treat mlow testosterone, my doctor and i went with axiron, the only underarm low t treatmen axon can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or bret cancer. women, especlly those who are or who may become pregnant and children should avoid contact where axiron is applied as unexpected signs puberty in children or changesn bo hair or ireased acne in women may our. report these symptoms to yr doctor. tell your doctor about all medical conditions and medications. serious side effects could include increased sk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet or body swelling; enlarged or painful breasts; problems breathing while sleeping; and blood clots in the legs. common side effects clude skin redness or irritation where applied, increased d blood ll count, headache, diarrhea, vomiting, and increa in psa. ask your doctor about the only underarm low t treatment, axiron.
9:28 am
9:29 am
♪ i don't care who is wrong or right♪ ♪ i don't want to fight no more♪ >> i don't know who picks the music. that was a good one. i don't really want to fight. you certainly don't want to see politicians fight anymore, we know how angry you are. i've got to tell you that the stalemate continues, three days away from the debt deadline. seconds from the opening bell, joining us now, larry levin
9:30 am
from chicago. i say the market ill be down a whole lot more than 100 points at the opening bell if we were up on the debt ceiling deadline. >> i would agree. during the last day, the day before it happens there's going to be talk and a lot of it of them getting together and closer and closerment of so it's the headlines that come down that day, but i agree with you, if we're in today's situation, it doesn't seem like they're that close and that debt ceiling is a day away, this market is in real trouble. stuart: we're down, 10, 14 points, looking for a drop of maybe 100 points when we get moving. it will be a down day at least in the opening session. check the big board. i say we'll be down a whole lot more if the markets really thought we were not going to get a debt deal. market watcher, keith fitzgerald joins us in new york of all places. welcome back. >> thank you very much. stuart: here is my point of view. we've got a debt-- we've got a stalemate on spending, the market's going to
9:31 am
be down about 100 points. and if we had a stalemate on the debt ceiling and we'd run across the midnight wednesday deadline, i say we'd be down a whole lot more, you say? >> absolutely agreed. the reason is simple. banks depend on credit, if they cut credit off. then the addiction is it withdrawal, that's the symptoms that happen and the market is not placing that bet and that's irrelevant to them as long as they have access to the debt. now, you've followed this closely. am i right in saying that most investors. most wall street watchers, they think there's going to be a last minute deal? >> wall street is behaving that way and to me, that's a very difficult decision because i think they're just dumb enough. they want to prove a point they're going to let it go to the max. >> you think so? >> right to the edge. >> right to the very edge, to prove a point, it's arrogant and outrageous. >> i think you're right. and keith, got a couple of other items to deal with and a couple of corporate stories, netflix, they've made a deal
9:32 am
with cable companies so you can access netflix right through your set top box. and i think that's a big deal. and nicole, the stock please? >> well, they're working on the deal is what we should say. they're in talks with the companies for this idea. up 2 1/2%. it's at 308.18 right now. that's a good move there. >> and there's a couple of sticking points. the first is that these cable companies, such as comcast, would have to have a new technollgy to improve the streaming video, and the other thing that they have to decide is, well, how much are they going to work with netflix, how many netflix will be available? are they competitors or are they compadres. there's a lot of sticking points. stuart: what an idea, join your enemy and get together and sell more products, interesting stuff, nicole, thank you very much indeed. two of the big names that we follow. first of all, google. the new york times says privacy laws in south korea, and crimping the style there.
9:33 am
and puulic transportation, not the driving. not a big impact on the stock, an overall town market, google's dropped $3, that's all. >> facebook buying an israeli mobile technology start-up, opening its first office in israel. the stock is down about a buck. we're at 48 on facebook this morning. then we've got big banks falling all over each other, to get a piece of the upcoming twitter ipo. they're offering big discounts on the fees they charge for selling the shares. and jo ling kent is here. the two questions, which banks and how big a discount. >> the banks have to give the biggest discounts that lead the round. j.p. morgan chase and very big banks and the discounts they're getting for the shares, the fee they're charging 3.25% and the average usually is 6.5%. >> they've cut it in half and this isn't something we've definitely seen before and looking back to zynga and they have the same fee rate. and pandora, know the at hot,
9:34 am
they're being charged 7%. the lower the rate is, the % better it is for the bank for the future if they want to do future deals with twitter to handle future transactions, but to cut the fee by so much, means that twitter is a big deal indeed. they're prepared to offer this up, to twitter and investors. >> and that's interesting, it's not a profitable company, right? if they hadn't turned a profit like facebook had in other companies and getting this because the banks think it's a hot investment. >> it's a very big deal. >> it's interesting and the fact that it's continuing says how much wall street loves tech right now. >> that's for sure. keith, you're still here, i can see you in my own eyes. and what does that mean? i mean, if the banks are scrambling, they want twitter's business and they'll cut their fees like this, what does that mean for the stock price when it gets trading? >> well, i think that they know it's a hot offering and there's a lot of pent up demand and
9:35 am
they want a piece of that and that to me is basic fundamental pre market capitalize. >> you're not hot on twitter? >> i'm personally not hot on twitter. >> as investor are you hot on twitter. >> no, as a trader, but twitter, look, the next best thing is a click away if it doesn't work. >> okay. >> i don't want to take that risk as an investor. >> joe, i've got to ask you, what are the fees charged. >> according to wall street journal, 1.1%, a sizable ipo. stuart: it went badly wrong. >> it went badly wrong, but i think that twitter has the benefit of history because it has the banks that know what happened, what went wrong and hopefully won't happen again, higher rates and hot than facebook, but important to these things especially goldman. stuart: i'm fascinated by the twitter ipo. i think it's the biggest ipo of the year. >> i think it's going to be a blockbuster whether i like it or not. stuart: there you go. oh, yes, yes, we have found
9:36 am
another excuse to bring out the video of our own sandra smith on a boeing dreamliner wearing those red goggles. can you see her right there? here is why we've dragged out that video, the ceo of airbus, boeing's main competitor, he says he expects his company to surpass boeing in five years. let's bring in sandra smith from chicago, this is all about the dreamliner and the issues connected therewith, right? >> yeah, this is the airbus 350. it is considered the competitor to boeing 787 dreamliner, you and i covered the first day that that took flight. we were there all morning and airbus says they don't feel bad that they're coming up with this plane years later and it's finally going to make debut. and they say we're going to learn from the mistakes that boeing made and they expect to surpass boeing as the largest plane maker with the a-350. in fact, stuart, they've sold
9:37 am
750 of these planes, 9 1/2 billion dollar order for the airbus a-350 has come in from japan airlines. so, the heat is on, but by the way, the boeing stock, even with all of those problems with the dreamliner, boeing shares up 183% over the past five years. stuart: yeah, okay. okay. this may crimp their style just -pa little, but i don't want to be a stock market prognosticator by any means, but the red goggles looked good sandra, let's leave it at that, can we? >> thanks for showing that yet again. stuart: thank you very much indeed. by the way, look at this. we're only down 64 points, you come in monday morning and uf' got another stalemate on the spending issue and more convention in shth with a -- washington. i think the dow is pretty close to where it was the day before the shutdown began and then we've got deutche bank, it cuts expedia from a hold to a buy.
9:38 am
nicole, what impact on the stock? >> when i red through -- readd through the note, the analyst talks about a coupleeof things, management changes over at hotel.com. hotels.com and the quality checks they've been seeing there are worrisome and also the fact that they believe there's increased down side risk and they may even, this is one of the down side risks that you may see expedia has to lower their guidance and that wouldn't bode well. >> it would not indeed. nicole, thank you. and let's move away from the markets and standoff in washington for a brief shining moment. listen to what china is saying about the united states. calling for a deamericanized world. their state-run news agency says, i quote directly, we fail to see a world where the united states is helping to diffuse violence and conflicts, displaced population and bring about real, lasting peace. keith, they see our government as dysfunctional and our foreign policy as not what it's billed to be.
9:39 am
our standing in the world seems to be going down. does it make any difference to us? >> well, of course it does, because we've got hundreds of millions of dollars, billions of dollars that are involved in chinese companies, chinese manufacturing, many american companies, source products there as a key market for growth. so, yes, i think this is very, very important and what's interesting, they're saying the same thing as the american people are saying, only it appears that the press is listening to china, which is an exercise in irony. stuart: when the rest of the world thinks about us like this, in harshly negative terms, i'm going to give the rest of the statement from the chine chinese-- the rest of the statement was harsher. does it hurt everyday americans, do you think it actually hurts us? >> i think it does. because america is the land of the free, the home of brave. resilient people who want to function even though our government doesn't. china is saying something that we all are voicing privately as american citizens and the difference is, they're getting the news for having said it. >> back to malaise?
9:40 am
>> i don't know about that. >> and you're too young to remember malaise and i remember it well. >> keith, thank you very much indeed. good to see you in new york. president obama taking a renewed hard stance against congress after reading the polls. up next, one of president obama's harshest critics calling him the amateur. that's next. ♪ i'm all out of love, i'm so lost without you♪ ♪ i know you were right believing for so long♪ clients are always learning more to make their money do more. (ann) to help me plan my next move, i take scottrade's free, to in-branch seminars...ore. plus, their liveebinars. i use daily market commentary to improve my strategy. and my local scottrade office guides my learning
9:41 am
every step of the way. use they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates. help the gulf when we made rever and learnto the gulf, bp from what happened so we could be a tter, safer energy company. i can tell you - safety is at the heart of everything we do. we've added cutting-edge technogy, like a new deepwater well cap and a state-of-the-art monitoring cter, whe experts watch over all drilling activitywenty-four-seven. and we're sharing wh 've learned, so we can all produce energy more safely. our commitment has never been stronger. nice car. sure is. make a deal with me, kid, and you can have the car and everything that goes along with it. ♪ ♪
9:42 am
9:44 am
you really love, what would you do? ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] i'd be an architect. what if told you someone could pay you and what if that person were you? ♪ when you think about it, isn't that what retirement should be, paying ourselves to do what we love? ♪ >> you know, i think we were right. this is a modest market selloff and it's because they're at log jam on spending. if it was a log jam on
9:45 am
borrowing some thursday morning, i think you'd see a much bigger market decline. target your gold report, where are we? we're up $14 as of right now. a couple of big names you know. there's a research firm that's cut coach from a buy down to a hold. the market doesn't like that much coach back to 53. a look at whirlpool. it's down sharply, we're searching, and we don't know why it's down 6%, but it is down nearly 9, 9 1/2 bucks. president obama saw the poll numbers, yes, he did. he thought he was winning and moved the goal posts. here are the polls that brought this new hard stance on the shutdown. the same poll that shows his approval rating at a low of 37%, same poll shows at that congress is even lower. all-time low, in fact and 56% of republicans blame the
9:46 am
republicans pan 31% blame the president. and ed is here. >> good to be here. stuart: the handling of the president versus congress is amateurish and the president -- look, the president is not getting the blame yet. do you think he will? >> yes, i absolutely do because ultimately if we do go to default, it will be the president's legacy that's going to suffer. it will be the american public that's going to say he's supposed to lead. we elected him to bargain, to negotiate with congress, he's failed to do so. he's to blame. 3 c1 i think he's overplayed his hand. stuart: why is it that the media and voters generally blame the republicans so much more than they blame the president? >> well, i think the republicans overreached. stuart: they overreached? >> there's no question.
9:47 am
they fumbled, but i think we're now getting to, as you pointed out, to the core issue, which is spending and the american public is four square behind the republicans when it comes to their desire to keep the sequestration and the democrats want to spend more, the president wants to spend more, i think, we will see a change in the polls if the president keeps about urick-- pushing this issue. stuart: how about obamacare, a leading democrat said it's a train wreck. what's your judgment on the rollout of these exchanges? >> i think that we're going to see the american public rise up in absolute rebellion against obamacare, when, especially when it clicks in and they realize that their deductibles are going to go up, their costs are going to go up, their choice of doctors is it going
9:48 am
to go down. i think this is a bill that will ultimately be rejected by the american public and be rescinded. stuart: do you think it's possible that this whole system will collapse? >> i do. stuart: by january 1st? awfully hard to get on the exchanges. >> i don't know by january 1st. we'll have more problems as we go ahead. but once it starts actually trying to provide health care to the american public, they're going to realize how terrible a bill this is. stuart: do you think thee president will take his share of the blame at that point? >> well, stuart, my reporting indicates that within the administration there's one person who's whispering into the president's ear, don't give an inch, and that's valerie jarrett. his best friend, his consigliere, the first lady's best friend. the architect of this, don't
9:49 am
give an inch to republicans, press ahead, keep obamacare going, don't do anything to, for instance, tweak obamacare. you're going to win because what the goal is is to capture the house of representatives in 2014 by demonizing the republicans. and that's her strategy and he's been following it. stuart: got to update that book, you've got to do it. ed klein, thank you. >> thank you. stuart: one of the world's richest men moves to his own island. he says it's for his health, the life style. i think it's for taxes. my take on sir richard branson is next. night ♪
9:53 am
9:54 am
the nfl paints itself pink for breast cancer awareness. how much is the money that the nfl raises from pink merchandise, actually goes to research? not much. we'll give you the number in our next hour. and plus, we've reassembled our tech round table to look at a and curved phone from samsung? that's not the next big thing, is it? one of the richest people in the world has moved to a caribbean island, where there is no income tax. he says it's for his health. here is my take on sir richard branson. the island is called necka. he owns it, it's now his permanent residence. he's british and used to make his home in england where he grew his global empire. he's the fourth richest living brit at 4.6 billion dollars. now, as a caribbean kind of guy, he will be free of britain's 45% top tax rate.
9:55 am
he says he's moving for a life style of swimming, kite surfing, tennis and palates which he says will keep him healthy. right. sir richard is a leftist, never met a tax he didn't like, except the ones he has to pay. he's green as it comes and makes us pay for the carbon footprint his virgin airlines makes. and sir richard adored as a new kind of business guy. i'm not buying it. i think sir richard should simply be honest, tell it straight. you're leaving britaan not for your health, but because you don't like paying after your income to the government. come on, sir richard, be honest, can't you? . ancial advisor should focus onour long-term goals, not their short-term agenda. [ male announcer ] join the nearly 7 million investors who think like you do. face time and think time make a difference. at edward jones, it's how we make sense of investing.
9:56 am
...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing. in everything from the best experiences belo.. to the finest comforts above. we're not simply saluting history... we're making it.
9:57 am
9:58 am
we enable you to reach global markets and drive forwd with broader po. cme group: how the world advances. and this park is the inside of your body. see, the special psyllium fi in metamucil actually gels to trap some carbs to help maintain healthy blood sugar levels. metamucil. 3 amazing benets in 1 super fiber. so she could take her dream to the next level. so we talked abo her options. her valuable assets were staying. and selling her car wouldn't fly.
9:59 am
we helped sydney manage her debt and prioritize her goals, so she could really turnp th volume on her dreams today... and tomorrow. so let's see what we can do about that... remol. motorcycle. [ female announcer ] some questions take more than a bank. they take a banker. make a my financial priorities appointment today. because when people talk, great things happen. stuart: monday, october 14. stalemate on the shutdown. they want more ssending. of course, we are covering that. technology, it is a brick wall. for every $100 raised by that nfl, $3.50 goes to breast-cancer research. an emergency room nurse turned congresswoman looks at the obamacare train wreck.
10:00 am
bob cole tuff says the name redskin is in insult and a slur. ♪ stuart: look at this. we are down 69 points. i say we would be down a whole lot more if the markets that we would not get a debt deal. >> the bond market is another place we would look. it is columbus day. what we did see last week was raped on
10:01 am
10:02 am
republicans for the sequester. everybody says no. all of the catastrophes that he has predicted. they are providing better fiscal discipline than any budget deal since 1380. the sequester is actually holding down government spending. it may not seem like a lot, but it is hundreds of billions of dollars being saved as a result of aces buster. i think they have revealed their true colors. they want to spend more. not less. they want to spend more. >> the administration looked at the polls and said we care more about destroying republicans
10:03 am
right now they we do coming up with some kind of deal. stuart: the republicans are getting the blame. >> people are saying that whether it is veterans, he cares more about inflicting pain on republican sandy does any kind of deal. stuart: good to have you back. general motors is developing a plug-in cadillac. nicole: january will be when you can actually buy the plug-in
10:04 am
cadillac. both the tesla and gm model will both be running you above $70,000 a pop. you obviously need to pay up in order to be conscious of our environment. down 1.4% for tesla right there. stuart: i am not sure that the electric car has taken off. nicole: we will see. it costs a lot to get it right. we will see if it catches on. stuart: we have china blasting foreign-policy. the u.s. has gone to appear before the world as the one that claims no moral high ground.
10:05 am
we have the imf and the world bank also warning the u.s. about defaulting on our debt. here is former state department senior advisor. clearly, overseas, we are not gone favorably. my question is, will that affect you and i or any other american directly? >> not necessarily in the short term. europeans have never had a tremendous amount of love for us. also, it is not new coming from china. they are using the language that is so clear. we will not wait forever for a
10:06 am
political reunification with taiwan. one day they will invade taiwan. they are moving to more pawn threats. there will be a soothing rise and we will rule the world together with china. stuart: is there reason to believe that these attacks on america are timed to coincide with the shutdown of the government and the impending debt ceiling? is there a timing issue here? >> whether it is economic or political.
10:07 am
>> can i mention something? this is critical. last night there was a series of phone calls and e-mails and tweets going out, they were from the imf. these tweets, these messages going out were meant to send panic in the markets. >> are you saying that the administration is working up a panic quite elaborately? >> specifically last night, what is scary is the administration is working with the imf on this too for some kind of deal for more spending. stuart: do you think that this is deliver it?
10:08 am
>> all they do is go into places they basically say raise taxes if there is any austerity to be had. yes. i think they could be one in the same with the obama administration on this. stuart: thank you very much, indeed. we are voting in the new jersey senate race in days. cory booker. he has been outed by his neighbors. they are claiming that he does not live in the house he calls his home in new work. they say they have not seen him there in years. poker stays innnew york, we hear. does it have any relevance?
10:09 am
>> they are trying to turn this into a data against the tea party. they are using it as an example of what the nation should be against. i kind of like cory booker. he is a professional politician. he loves to be in the limelight. he loves to be in restaurant in manhattan. that is where the money is. that is where the fun is. stuart: deal with his opponent. lonergan was a guest on farley
10:10 am
and company not too long ago. he appears to be supported very much so by the tea party. >> he set lonegan up as a representative of the tea party. chris christie is not a tea party republican. at the same time, he should reject to setting up this guy lonegan. chris christie has to come to his aid. stuart: steve lonegan was a guest on this program. he came and sat on the stat with us here in new york. steve lonegan is blind.
10:11 am
>> he wears glasses. he may be technically blind. >> is a sympathy vote out there. booker may be very careful. if he starts to attack this guy, the voters may see through those attacks. >> i think it is a template. >> watch chris christie. he cannot keep quiet abouttthis. stuart: it will be interesting. i say he will reject him. back to nicole petallides.
10:12 am
back to the markets. p20 cleveland research is looking into the numbers. they have seemed sort of a pause in demand. the latest couple of months have been a little softer here in the u.s. in addition to the brazil market. stuart: thank you very much, indeed. seven points lower for the dow jones industrials. we have the nfl making a very big push for breast-cancer awareness this month. the color pink. how much money and up going to the cause? we have a number for you. that is next.
10:14 am
i need a newinvestment pn. i need to rethink the core of my portfolio. ishares cocore etfs are low-cost funds. so you can keep more of whayou earn. get started with the new ishares core builder. design a personalized plan that can help you achieve your investment goals. desishas by blackrock.plan call 1-800-ishares for a prospectus, which includes investment objectives, risks,harges and expenses. read and consider it carefully before investing. risk includes possibleloss. help the gulf when we made recover and learn the gulf, bp from what happened so we could be risk includa better, safer. energy company. i can tellou - safety is at the heart of everything we do. we've added cutting-edge technology, like a new deepwater well cap and a state-of-the-art monitoring center, whe experts watch over all drillg activity twenty-four-seven. and we're sharing what we've learned, so we can alproduce energy morsafely.
10:16 am
stuart: those analysts, they have a power on influence.look . down 7%. take a look out boeing, as well. airbus, they will surpass boeing in five years. the market just turned positive for boeing. $118 a share. october. breast-cancer awareness month. the nfl partakes in raising money for breast-cancer research. how many dollars actually go to the research? for every $100, only $3.54 goes to breast-cancer research.
10:17 am
that is a very small amount of money. what you do is you look at money that goes to charities and how mmch actually goes to the cause itself. what do you make out of $3.54 out of $100? >> we think that it is really tragic. we normally look for 90% to go to the cause. there are thousands and thousands of women who die for breast-cancer each year. at the end the day, if they are claiming that the money is going tt the cause and research and so forth, it should not just be for marketing. stuart: we are showing nfl.com right now. $3.54 is a miniscule amount.
10:18 am
you advise people on where to put their charitable donations. if you give it to this cause or that cause, x amount of dollars will go to the cause. >> the breast-cancer research foundation. ninety-one cents out of every dollar. we would give the nfl a zero for their performance. stuart: any idea why it is such a low amount? >> i think is the marketing. very little of it, ultimately, gets to charity. >> do you think that there is
10:19 am
cronyism? >> that could very well be. all the research shows that if a company associates itself with a cause, it significantly increases their sales. stuart: we hear what you have to say. thank you. jim gray is also with us. what is your take on this? $3.54 out of every $100. what is your take, sir? >> well, stuart, my understanding is it is breast-cancer awareness month. the nfl is bringing a lot of awareness to this. they could pick any charity.
10:20 am
most people would be thrilled to have the awareness. the nfl is not in the fund raising business. they are in the awareness business. stuart: awareness is worth it because there is such widespread publicity. >> i would think any parity in the world would want to be able to have a month of what it is that their disease is being talked about on the football field being taught about and viewed about a hundred by hundreds of thousands of people.
10:21 am
the memorabilia that is sold, all of that money goes directly to the charity. i am not familiar with what exactly he is talking about. it seems like there are an awful lot of charities that would like to be in this position. stuart: the nfl has gone gung ho on this. >> the national football league is doing great with united way and what they have done with them for the past 35 years. i think the national football league has a pretty good track record. stuart: thank you.
10:22 am
10:23 am
thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. ido more with less with bless energy. hp is helping ups do just that. soon, the world's most intelligent servers, designed by hp, will give ups over twice the performance, using forty percent lessnergy. multiply that across over a thousand locations,
10:24 am
and they'll provide the same benefit to the environment as over 60,000 trees. that a trend we can all get behind. maestro of project management. baron of the build-out. yoneed a permit... to be this aweme. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. (aaron) purrrft. (vo) meee-ow, business pro. meee-ow. go national. go like a pro.
10:25 am
10:26 am
stuart: we are only down 78 points. that is not much of a selloff. let's go to sandra. macy's will be open on thanksgiving. the first time in 155 years. i say this is because the stores want to get a leg up on the holiday season. >> i think we can all agree, we will see stores open around the country open all day on thanksgiving.
10:27 am
the sun-times is reporting that the main macy's store will be open at 8:00 p.m. on thanksgiving day. other area macy's will be open as well. twenty-four hours after that. >> online shopping does not close that for thanksgiving. or at least i do not think it does. >> which is why they have to be competitive online. the brick-and-mortar has to do something to keep those shoppers coming through the door on thanksgiving. stuart: it is monday, october 14 and i saw christmas decorations and music over the weekend. sandra, thank you very much,
10:28 am
indeed. the redskins were blasted for their name. >> ask yourself what the equivalent would be if directed towards african americans, hispanics, asians. the redskins cannot possibly under a heritage. it is an insult. a slur. stuart: he is known for using half time to discuss controversial issues. >> i cannot stand it. religion and sports are two things you are supposed to keep politics out of. stuart: he says the word redskins. a slur and insult.
10:29 am
>> i do not think so. we were proud to put on anything that spoke to the redskins. that spoke to proud heritage of the redskins football team. something to be looked up to. war years. we were tough. we were so proud to be redskins -@fans. it was just the opposite of a slur. he does not get it at all. have i made my point? it infuriates me. keep politics out of sports. stuart: thank you. has innovation in the technology industry hit a brick wall? after the break, our geeks at
10:30 am
the roundtable are here. we ask them that question. that question is next. ♪ [ woman ] if you have the audacity to believe your financial advisor should focus on your long-term goals, not their short-term agenda. [ woman ] if you have the nerve to believe that cookie cutters should be for coies, not your investment rategy. if you believe in the sheer brilliae of a simple explanation. [ male announcer ] join the nearly 7 million investors who think like you do: face time and think ti make a difference. join us. [ male announcer ] at edward jos, it's how we make sense of investing. [ male announcer ] at edward jos, trust your instincts to make the call. to treat my low testosterone, my doctor and i went with axiron, the only underarm low t treatment. axiron c restore t levels to normal
10:31 am
in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant anchildren should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and medications. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ane, feet or body swelling; problems breathing enwhile sleeping;ul easts; and blood clots the legs. common side effects include skin redness or irtation where applied, increased d blood cell count, headache, diarrhea, vomiting, and increase in psa. ask your doctor about the only underarm low t treatment, axiron.
10:32 am
10:33 am
metacil. 3 amazing benefits in 1 super fiber. who found a magic seaell. it told him what was happening on the tradg floor in real time. ♪ the shell brought him great fame. ♪ but then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their trading plaorm. ♪ [ indistinct talking continues ] [ male announcer ] so the magic shell went back to being a...shell. get live squawks right in your tradining platfm with think or swim from td ameritrade. stuart: the nobel prize in
10:34 am
economics has just been awarded to robert shiller. they received it for their work towards understanding how asset prices move. is this theebest they can come up with? we have assembled our round table to wait in. all right, everybody. i am going around the table. i want to know if you agree with the premise of my statement. >> i think in some cases, it has absolutely hit a brick wall. i think there are other things we have talked about, like google glass -- stuart: still talking about
10:35 am
google glass? >> i think for a lot of our biggest companies, we expect to see innovation and we are not seeing it these days. >> i would not say technology as a broad concept. you are seeing a safer adoption technique for these companies. technology as a whole is constantly changing. stuart: the phone is not the next huge incredible big thing. you have picked on twitter. you said twitter is not the new big thing. make your case. >> twitter about to come out with its ipo. what have they done? twitter, in a lot of ways
10:36 am
changed around how we talk and communicate these days. they have not really done anything else. i do not think they will do anything else. they will just be working on selling ads to us. stuart: not a twitter fan, clearly. nintendo. they have hit a brick wall. >> they released a new game that will sell millions of copies. they have not been pushing these new ipos. they have really struggled to hit creative milestones.
10:37 am
>> dell decided to shift their strategy to enterprise. the big question is, will it gain any tension? will it just be an enabler for businesses? will this be something that they push to consumers also? stuart: is there anything that is truly evolutionary? truly a big new dope archer in technology that uc is on the horizon or here now. >> near field communication.
10:38 am
if you look at what it can do from a shopping respect thereof, they could detect that i walked into a store. i think it will be huge for retailers. they are constantly trying to innovate. they have been trying to manage inventory for a long time now. stuart: not a bad one. jeremy. what is the big new thing. >> i agree completely. you paint a bleak picture of the technology industry. i think that the curve -- stuart: no. no. you cannot say that curved glass on a phone is the new revolution.
10:39 am
>> -- stuart: what does curved glass do for me? >> it does nothing. i completely agree. stuart: let's move on. >> in the movie star wars, there is a scene where they are playing holographic chess. people are working to create that. stuart: the big chessboard. i can walk around it. >> yes. stuart: how far away are we? >> maybe a couple of years. stuart: do you think we can ask google glass to move?
10:40 am
geeks want it all. thank you very much for joining us. obamacare. trrin wreck. even the "new york times" says. we have a sitting congresswoman joining us. she is also a registered nurse. >> i see a huge train wreck. i do not see any results yet. all these people are wondering what in the world do i do. ♪
10:42 am
♪ stuart: fac capital founder selling off his art collection. he is under investigation by the sec. two original paintings that could bring as much as $40 billion. sticker shock. gm says it will raise the price gravity keeps its lead at the box office for the second week in a row. forty-four-point read million dollars this weekend. tom hanks movie a distant
10:44 am
10:45 am
they have already done this over in europe with tivo. here at home, we are wondering whether or not people actually go through with it. there is technology that would be required. stuart: it would be a big deal if i am a subscriber to a particular cable system which had netflix on it. that would be a huge step for netflix. nicole: it would be huge. all of the subscribers would love it. by the way, i am really glad you found your dog. cute dog. stuart: yes, i did find my dog.
10:46 am
he came back due to the kindness of strangers. we bought him a companion over the weekend. i am glad you told the viewers about that. we have a video of the new dog on our facebook page. lamarr, texas. great place. obamacare going on its third week now. now, even the "new york times" cannot even find the train rack. let's bring in diane black. thank you for joining us. we are hearing some very strong words used about these obamacare exchanges. we have heard train wreck. i have heard collapse mentioned.
10:47 am
i think we have an audio problem. i do not think she can hear me. i have a loud voice. >> i am here. stuart: let me reintroduce you. you are a registered nurse. you are a congresswoman. give us a sketch out how that these exchanges have turned out to be. >> i have been talking about this for months. i found out back in june. we heard about the delay of the verifications of the subsidies. they did not have the technology to verify someone's income. we knew this was a train wreck.
10:48 am
they have been saying it was not ready. stuart: why won't the democrats in the senate and the administration, why will they not agree with a ddlay that will get them out of the mess they created? >> you are right, stuart. we really thought that would be the magic wallet. we thought they would say, you know, we believe we need to delay this at this point in time. that is one of our offers that was not accepted. you are seeing this blow up in their faces. stuart: is the work collapse too strong?
10:49 am
you are implying that the whole thing just falls apart and it does not happen. you cannot go forward any further. >> i think we are at that point with the electronic sign-ups. i think there will still be those that are using paper applications. i know they are working on it every single day. this is so huge. this was the biggest database of information that has ever been developed by the government. i think that one of the secretaries even said he did not believe that this was ready and he was worried about it being a third world experience. we have seen that. four months, we have known that this is not ready. stuart: we hear you. thanks. come again soon, diane. i want your opinion on how bad this is.
10:50 am
thank you very much, indeed. facebook mark zuckerberg likes his privacy. he is willing to spend tens of billions of dollars on it. we will deal with that after the break. ♪ when we made our commitment to the gulf, bp had two big goals: help the gulf recover and learn from what happened so we could bebr energy company. i can tell you - safety is at the heart of everything we do. we've added cutting-edge technology, like a neweepwater well cap
10:51 am
and a state-of-the-art watch over all drilling moactivity tnty-four-seven.r and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stronger. ido more with less with buss energy. hp is helping ups do just that. soon, the rld's most intelllligent servers, designed bhp, will give ups over twice theerformance, using forty percent less energy. multiply that across over a thsand locations, and they'll provide the same benefit to the environment as over 60,000 trees. that's a trende can alget behind.
10:54 am
want to negotiate is doing a lot of negotiating and with republicans. should we be afraid? congressman john campbell and the latest from capitol hill and wall street tonight at 7:00 p.m. eastern. ♪ stuart: less privacy on facebook, but more privacy for founder mark zuckerberg. the billionaire bought the four homes surrounding his house in california. it cost him $30 million. david, i can understand this. >> why not. it is his money. he can do what he wants. the woman legislature, a nonprofessional politician.
10:55 am
what a delight. i am getting so sick of people who have done nothing. stuart: she is exactly the kind of legislature that we want. >> nurses look for solutions. when you become so ingrained in the beltway's, you are not looking for solutions. stuart: you are right, david. welcome back. we have the best suggested names for my new dog after this. ♪
10:56 am
10:57 am
we enable you to reach global markets and drive forward with broader possibilities. cme group: w the world advances. they're the days to take care of business.. when possibilitiesecome reality. with centurylink as your trusted partner, our visionary cloud infrastructure and global broadnd network freeou to focus on what matters. wi custom communications solutions and responsive, dedicated support, we constantly evolve to meet your needs. every daof the week. centurylink® your link to what's next. stuart: we will introduce you to the newest member of my family.
10:58 am
a dog i bought over the weekend as a companion for my dog jake. i asked you what you thought i should name my new dog. you had some pretty creative ideas. george, like the other royal baby. louise jokes, charles. because charles keeps you in line. very true. i am not sure i want to name a dog after charles. could earn the name runner. david, it is your turn. >> i would imitate judge napolitano. what about king?
10:59 am
i always wanted to name a dog king. one syllable. >> i am an american. >> we have a lot of kings here in america. stuart: we were thinking of duke. i have to listen to my children and grandchildren. my grandchildren want tt know why i do not wave. why i do not wave to them. maybe we can get some suggestions from my colleagues who are coming up. i am hosting your world today at 4:00 p.m. eastern. now, it is connell's turn.
11:00 am
connell: that was very cute. is king today we are going with? stuart: we have not decided yet. i like duke. we will talk about some big bank bashing. maybe something that could hurt the overall recovery. we were very happy about this this morning. robert shiller winning the nobel prize for economics.
179 Views
IN COLLECTIONS
FOX BusinessUploaded by TV Archive on
![](http://athena.archive.org/0.gif?kind=track_js&track_js_case=control&cache_bust=1692480560)