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tv   Varney Company  FOX Business  November 6, 2013 9:20am-11:01am EST

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corner in winslow, arizona such a fine sight to see♪ ♪ it's a girl, my lord, in a flatbed ford slowing down to take a look at me♪ ♪ come on, baby, don't say maybe♪ ♪ i got to know if your sweet love is gonna save me♪ >> it's called political pressure, strong-arm tactics. when you're under attack, find a villain and blame him. good morning, everyone, here is the villain, health insurers. so beat them up. california now demands that insurers let consumers keep the plan they like, even though obamacare rules force those plans to be dropped in the first place. watch this spread. lessons from the elections, tax the rich loses in colorado,
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socialism wins in the nation's financial capital. chris christie is now the republican front runner and the libertarian party candidate with money from obama opens the door to collectivists in virginia. investors don't care. a new report that we will print money forever and stocks will go up this morning. gas, by the way, is down big, yeah, "varney & company" is about to begin. [ male announcer ] sheets or bar? how do you get your bounce?
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>> here is the headline that president obama is waking up to this morning. 39%, that's the latest approval rating for gallup. obamacare is really hurting him. and 53% disapprove and here is why. >> and why they have health care, you don't have to do anything. in fact, for the past few years, as i signed the affordable care act, a lot of you have been enjoying new benefits and protections that you didn't have before, even if
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you didn't know they were coming from obamacare. stuart: that was from september 26th, the weekend before the obamacare rollout. the president was again deceptive. he knew you couldn't keep your plan. jay carney, the president's embattled press secretary was asked about that statement by fox news' ed henry. >> the president was referring to the law and to the fact that the law was written in a way, and everybody who was closely covered, the drafting of that legislation knew it was written about, grandfathering clauses within the law and he was referring to the implementation of that law through the rule process when the rule was issued. stuart: i call that a torturous explanation. later this hour, an image polisher offers advice, tell the truth, apologize, frankly, i don't see it coming. let's not forget about the health insurers, some are nowed
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policies even though they were forced to cancel them in the first place. we'll deal with that one. we're looking at a nice market rally, why? because there's a report that we're going to keep on printing money forever. we'll have that story for you. don't look now, but more people are paying less than $3 a gallon for gas and that's good.
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♪ >> yes, they are on day one, there was a case of fraud on the obamacare website. coming up security concerns and identity theft. your credit is really in jeopardy thanks to obamacare. we've got that story, it's a good one. a minute from the bell, come on in from chicago, tres knippa. i got this report from some fed staffers and they suggest that we keep on printing money until we get the unemployment rate at a 6%, and that's printing forever, isn't it? >> well, i absolutely think that printing will go on. why can't we just use history as my guide. as we go back through history is there a country that's ever started printing their own currency, to buy their own bonds and have they ever stepped back and stopped monetizing debt? the answer s zero, there's no
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case in the history of the world where it's happened where a country stops doing it and neither are we. qe will go on forever because if it doesn't, interest rates go up and suddenly congress can't spend more than it takes in. that's not going to happen. stuart: now we've got the opening bell on wall street and we'd like to see, 40, 50, maybe 60 point gain from the get-go. thank you very much indeed. we're off and running this wednesday morning and the dow has indeed opened to the upside. we're up 23 points and probably to a gain of 40, 50 right in the early going today. we'll watch it there. and we do have very disappointing numbers from tesla, there's a battery shortage and they've forecast lower results for the future. nicole, give me the bad news, how bad is it? >> the latest quarter was a good one for earnings per share in revenue. stock is down 12 1/2% why? part of it because the revenue and profit outlook going forward is light and also the production numbers of the model s going forward is shy of the
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6,000 mark. that being said, they sold 5500 model s's, they're a 170,000 car and they're up 22% this year. not bad. stuart: you're saying that's a rational pullback. now i've got to move on to microsoft i saw it flashover 37.27, i think that's a new intraday my for the year at the least. what's it go, they've got a short list of candidates for the ceo job? tell me. nicole: let's take a look here, we know they've been searching to replace steve ballmer. it's been a great performer now hitting new highs and they've narrowed it down. alan mulally, a turn around specialist from ford and elop from nokia. and another name thrown around is computer scientists, ceo mike laurie.
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it's up 37% this year. stuart: yes, it is as i duly note as i own some of that stock. let me bring in liz beimacdonal here. alan mulally's name pops up. i don't get it he's an industrial guy, he runs ford motor company. >> right. stuart: do you think he could run microsoft, a technical company? >> huge question mark over this name. great at companies making planes and trucks and cars, about you this microsoft is a tech company, a software company, is he good at making software and fix the on-line services division and come up with the next xbox? that's the key. stuart: the market says, yes, he can. and he brings good pr to the company he runs. >> m of the is hitting the skids because of the two divisions on-line software. maybe a tech engineer who knows software and games and knows
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what consumers want next. he's great at cars, planes and trucks and xbox is not the next truck is basically my argument. stuart: are you down on alan mulall mulally? you're not keen into that. >> no, i'm not. someone who can do a deep dive into that. stuart: tone it down, the stock is up and i own it. the margins here on the brand new ipad air. not much reaction, the stock is at 523 as we speak. we're a couple of days away from the october jobs report. it's a big deal. joining us is david kotok. here is what i see coming, a weak jobs report and the administration is going to say it's the wicked republicans, they shut down the government
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and didn't allow our policies to go through, am i right? >> exactly what's going to happen, stuart. it's going to be one of these, the republicans lose the communication battle. they come across very narrowly. the democrats and the obama white house is -- they're very good at it. so if it's a one against one in a communications battle, ignore the facts, go by the media image, and then the democrats will win this one. unfortunately, we won't address the policy issues. stuart: right. >> that caused the shutdown and the job increase. stuart: now, you're an economist. how many new jobs are you looking for here? >> well, i mean, we are in this slow period for a long stretch where it's a single digit, 100,000 plus. that's in line with the change and the demographics in the population, nothing robust. we haven't had robust. i don't believe we're going to see robust for a long period of time.
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i would expect the unemployment rate to go up a couple of ticks and stretch out everything tied to it, like the tapering debate and the fed debate. stuart: if the unemployment rate goes up, that's a tough one to explain, and with blaming the republicans. thank you very much indeed and i've got to switch gears for a second. and liz, you want to come in with something? >> the facts are, 207,000 the first quarter, went down 183,000 the second quarter and the trend is down and we're trending at 145,000. not good enough. stuart: we're going to learn this afternoon after the closing bell, twitter's ipo price, find out exactly what it is. -ptrading, by the way, actually starts tomorrow. liz, this ipo, there's more buzz about this thing than anything i've seen since facebook. are there negatives on twitter? >> we're seeing bubble era talks that twitter is trading and we haven't seen that since the dot-com era. you want to look at the fair
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value. it's been losing money the past couple of quarters. active users and growth is flat. and at the level it's trading at now, the balance sheet and earnings losses training at 60% higher than what facebook and linked in was trading at. so it's multiple was richer than those two established companies. linked in, here is the deal for investors. this stock could pop because of a limited amount of shares offered to the public and which is linked in. and twitter has to convince the investing public it's an indispensible part of people's lives like facebook has. stuart: we'll find out tomorrow. nicole, falling sales at abercrombie, i presume the stock is down. falling sales? >> falling sales. you may remember the ceo might it to be for the beautiful people and most beautiful children which was sort of a really difficult comment from him. in the meantime, i don't know whether the beautiful children or the less beautiful children are shopping there because what's happening, you're seeing the sales drop about 20% this
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year. they dropped double digits in the last quarter. the outlooks for the holidays look weak and the outlook 4%. and it's going to be weaker. stuart: got it, ouch. a lot happening this morning. the dow is up 60. big moves in abercrombie, tesla. look at the price of oil, please. it's down $9 in the past month. up a bit this morning, $94 a share, but that $9 decline has brought the price of gas way down. we're averaging now, 3.23. down another penny overnight. now, look at this, please. here are the states where gas has had a two handle. texas, missouri, arkansas, oklahoma, we like that. california now demands that health insurers let consumer keep the plan they like, delay those cancellations, they say, even though obamacare forced those plans to be dropped in the firstplace. more from liz? >> a big fight in california
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the insurance commissioner says, hey, this is great delay it for the individuals. other guys in the insurers in california say, no, we have to protect the risk pool. we have to protect the insurance plans overall for the state, meaning floating it with everybody coming in and here is the deal. the california insurance commissioner is saying, you know what? delay it. that's better for the individual consumer in the state of california, not increasing it for a year will save these individuals 28 million bucks, that shows you how insurance prices are going up in states across the country. stuart: exactly, going straight up. obamacare, the website now threatening your identity protection secrecy. we've got the first case of fraud that came out of ohio on october 1st, the very first day the website went live, sort of live. our next guest says the guest site is rife with identity issues that could wreck your credit. and joining us now in a very big story, all right, paul, i sign up on the exchange, i give them my personal information.
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you say it's not safe? >> no, it's not safe. stuart: all right, who gets that information? where does it go? why isn't it safe? >> the fact that it's going to multiple agencies that don't need the information in the first place is part of the problem. but the bigger problem you have identity thieves, savvy, tech savvy people that have gotten their hands on the source codes, the programming, the reverse engineering. stuart: you know that? >> we know that. stuart: you know they've got their hands on the source code? >> the government oversight committee got a hold of obama administration memo, they launched that site knowing at that there were grave concerns in the security risks. they gave themselves a waiver to launch the site anyway. if it was any other site, the social security administration, unemployment, they wouldn't have launched it, they would have pulled back and said, we better fix these security issues about of we let millions of people-- >> that's unconscionable. they knew. >> they knew, that's right. the ics, the international governing body for tech
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security and computer software, they failed, they wouldn't go i have them the credentials, the certification that says that's a secure site. stuart: so, i open an account, i put my personal details in there. what kind of personal details, social security number? >> everything you would need to assume i could become stuart varney in five minutes and i could open up accounts, i could ruin not only your credit, it might stay with you for the rest of your life. stuart: this hasn't been fixed? are they not encrypting that information? it goes into my account and i put it in and before it goes out to the social security administration or to the irs or the peace corps, i understand, it's not encrypted? >> they have failed to provide the very basic levels of security. when you go from one link to the other link, there's no security and verifications that say you're still on healthcare.gov. there could be a section where you click on a site and you're on a site, it looks like it,
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but-- >> you're scaring us to death. thank you, paul. >> thank you. stuart: the white house response to the obamacare disaster is a disaster in and of itself. blame the g.o.p., blame the health insurers, take no responsibility. we've got a guy who polishes images, he's going to tell the president, tell the truth, please. next. ♪ changes, changes ♪ ch ch ch changes clients are always learning more to make their money do more. (ann) to help me plan my next move, i take scottrade's free, inranch seminars... plus, their live webinars. i use daily market commentary to improve my strategy.
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are we? 1317, we're up $9 right now. look at toyota, strong profits, very strong up. 80% the first half. big sales of toyota cars in america. the stock is up just a buck at 129. ralph lauren expects a good holiday season and raised its forecast and dividend and that's up 4% at 177. question, what's been worse, the rollout of obamacare or the reaction from the white house? listen to this. >> if you have or had one of these plans before the affordable care act came into law, and you really like that plan, what we said was you could keep it, if it hasn't changed since the law's passed. >> the law doesn't say to the insurance industry you drop coverage. insurance industry decides how they're going to make money and when they decide to drop companies you blame president
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obama. >> he's not responsible for that. >> the president said you could apply within 25 minutes, that was not true. >> eventually at that still has to go through healthcare.gov, but you've done the work-- >> the eventually part? >> i give up. stuart: what a mess. that's bringing in a pr guy, the co-founder of 15 seconds.com. all right, it's an acknowledged pr disaster. why doesn't the president and his team just do a 180, either apologize or tell the absolute truth about what's gone wrong and why? why don't they do that? >> they should do both. it's clear that this has been a disaster for them and they've taken all the wrong steps to try to spin it. they've tried to blame others, tried to point fingers at contractors and insurance agencies. they've tried to deny things that the president said on tape. they've taken all the wrong steps and it's getting to the point where it's almost too badly screwed up to fix. they need to start now by telling the truth and being much more open and honest, and
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putting out all the information they have, not pretending they don't have the information, they need to put it out now. stuart: is the president and his team in a position to do that? you were the top spokesman at the cia in seven years, could you in that role turn around and say, i'm going to tell you the truth, i'm going to apologize, here it is unvarnished. you couldn't do that at the cia and i put it to you the president can't do that now with obamacare. >> i also worked at the white house for four years so i think on this situation, this is not an actual security situation, this is a matter of facts and figures and i think they can tell the truth and they ought to do so. i'm perfectly willing to believe that the president didn't know some of the things he was saying were not correct, but his staff shirked him badly and they need to take responsibility and action and take action and hold someone responsible and admit what was wrong and try to fix it and ask for more time to fix it if they need it, but not try to spin their way out of it. stuart: you're an outside guy at the moment and looking into this mess that's the obamacare
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rollout. have you ever seen anything as bad as this? >> well, there have been some other disasters in government. this is right up there with the badly handled communication issues that i've seen in my time. stuart: how about the lewinsky scandal, that was handled by quibbling over the meaning of the word "is". >> right and this one is quibbling over whether you-- they really meant it when they said you can keep your plan if you like it. there's time to recover from it. remember, the clinton administration lasted all eight years and so, i think they can get their way out of this, but the time is now to start being honest and start admitting what they know, put out information and quit trying to spin it. stuart: bill, you know some of these people, i'm sure. you've been inside the government and the white house. do you think they'll do a 180 and apologize and tell the truth, do you think so? >> i'd like to think so. i know from the people behind the podium, the people who are pushing jay carney out there want him to get feisty and pick
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fights with the press and that's the wrong tactic to take. they're putting him out there in an untenable position. he needs to get out there and admit fault, look, we screwed up, made some mistakes, we need your patience and we are going to fix it and explain why it needed to be fixed. i think eventually when the pressure gets big enough, strong enough on them, they will recover, but it's time to do that now. stuart: yeah, that contentious jay carney is losing the support of the establishment media which is a shock in and of itself. bill harlow, thank you, we'll see you again soon, i'm sure. >> thank you. stuart: people have been using harsh language over the president and his response to the obamacare language. i'm not going to use that kind of harsh language. my take on the president and the use of language is next.
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>> sound the trumpets, the dow is up 102 points, why?
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we may be printing money forever. now look at bare -- barrecuda. concerns about twitter making money overseas? coming up we have someone who is helping twitter, panned abroad. what does she say about international twitter? a plus, yes? we also have a supermodel and a singer named the top pinup by u.s. troops here to talk about, what else, how sex sells. i think we should all be very careful in our use of language. here is my take on the word liar. i will not attach that word to the president of the united states. others have, i will not. why? several reasons. first, the office of the president deserves respect no matter who occupies the white house. second, people like me who have enjoyed the benefits of this
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great country should not insult a highest office in the land. third, we should all make an effort to raise the tone of public discussion. liar is an extreme. it is harsh. use it and you're inviting a fight, not an articulate discussion. what did the president do when he promised you could keep your plan and you could keep your doctor? he deceived us and he did it knowingly. he did it for political reasons. he knew that if he told the full truth, we would never accept obamacare and we may not reelect him to a second term. that's serious stuff. he's already paying a heavy price for this deception. obamacare is a shambles and i think it will collapse under its own weight. we can kill this thing with rational debate. we don't need and i won't use harsh language. 24/7. i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum!
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tdd#: 1-800-345-25 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here help tdd#: 1-800-345-2550 turn inspiration into action. tdd#: 1-800-345-2550 we have intuitive platforms tdd#: 1-800-345-2550 help you discover what's trending. tdd#: 1-800-345-2550 and seasoned market experts to help sharpen your instincts. tdd#: 1-800-345-2550 so you can take charge tdd#: 1-800-345-2550 of your trading. stuart: wednesday, november 6, the disaster of obamacare rolls on. kathleen sebelius once again trying to explain away the mess. and look at who we have in our second hour. london liquidator sky. he hosted the president in his home. what does he think of obamacare now? our guest runs their advertising overseas. she says they will make a ton of money. a socialist will run the nation's financial capital? yes. and now going on the couch with
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dr. adlow. the top pinup is here in the flesh. ♪ stuart: it is happening now. kathleen sebelius back on the hill in the hot seat so to speak testifying before the senate this time. here is what some of what she is going to say. i want to assure you that healthcare.gov can and will be fixed. we are now able to process nearly 17,000 per hour, five per second with almost no errors. these continuing improvements will ensure healthcare.gov will be fully functional by the end of november. we are looking for fireworks, if
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and when they happen, we will bring them right to you. but first, this. that is a rally. up 107 points. charles is with me. will you now admit when you have three fed staffer saying we're going to print and print until the unemployment rate comes down 6%, that means forever, that is why this market is up. charles: not yet, not yet. soon we will see a shift. it might have happened last week. they are no longer ignoring it. i'm looking north of 16,000. that is when i will be on the bandwagon spying the exit. you ride this wave. stuart: i am just astonished. the market up 144 points and you are totally ignoring it.
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we are at 157 now. close to 16,000. charles: the average person doesn't even care about it, but they will. it is hard to ignore it. stuart: our next guest is the chief officer of ims. helping businesses expand in latin america and they are doing that exactly for twitter. welcome to the program. >> thank you for having me. stuart: twitter is making most of its revenue, it's money comes from american users of twitter. are you going to tell me if you can expand in latin america, that can be a source of profitability and revenue as well? >> it is a median marketing company. work with twitter, spot if i can netflix to expand and scaling to let america.
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latin america today is both one of the fastest growing internet populations in the world. listing 12% growth year-over-year compared to 4% in the united states. a dynamic region. your job is to expand that presence. we are there within latin america. we launched with them last year. in september of last year. stuart: how are you convincing latin americans get on board with twitter, it is a dynamic social network, you have to be on it. what are you saying? >> has one highest most engaging social media in the world. with the most engagement on these platforms are within latin america. to put that in another context, 94% of latin america internet users are on social media, twitter, facebook, et cetera. 65% of that in the united states
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today. very engaged, navigates towards these naturally. stuart: you don't represent facebook, do you? here is your opportunity, how is twitter different from facebook? >> twitter has high engagement with television, real-time relevance that we are seeing which is very unique. there is a very dynamic offering that we see users are using television, always on their mobile. latin america we have such a high social media in such a high mobile penetration. stuart: why do you think it is higher latin america than africa or parts of asia. where is it higher than?
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higher than what? >> is higher than usage in the united states. 90% versus u.s., which is 60%. latin americans love to talk, i love to exchange ideas, they love to be on social network and on their mobile phones. charles: isn't it that the free president as free? we saw the blowup from brazil. it seems a lot more friction. the kind of thing that drives traffic on twitter that they are more tranquil place in america. >> not necessarily. two topics within latin america be twitter or other platforms are politics and sports. so for example football in latin america is soccer. has a tremendous opportunity especially in advance of the
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world cup coming to latin america in 2014. i think it'll be a huge twitter driver, huge opportunity for many looking to engage within latin america. december 6 is the world cup draw when we will see advertisers understand which countries are playing on which day, s psyche date to keep in mind and certainly next summer in latin america, will be a fantastic opportunity for global brands to make their message is heard. stuart: i know you cannot comment on the ipo coming up tomorrow, are not allowed to do it, but we thank you very much, indeed. we have an ipo today that is not twitter, it is barracuda. they do cloud computing. charles: yes. nicole: another cloud computing cyber security, this is what
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barracuda networks does come about 25% i guess there is room for another one after all. received quite nicely today. stuart: i wonder what happens with twitter. i do not know, but i wonder if you're going to get a 25% used in a half-hour. you think that is the low side? what about you, nicole? nicole: it doesn't have the same euphoria as facebook. i'm going to be timid about it. thank you, everybody. check the price of oil, please. gas is going down. oil lose $9 per barrel in a month. up today at 94, but the $9 drop we have seen has brought the price of natural, sorry, reagan
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aghast down. down another penny overnight. i've got to show you the four states where regular gas has a $2 handle. the average in the states. all of those four states. to sandra smith in chicago. we are going to more states pretty soon. what do you think? >> your pointing out the states where the average is eight to handle. we are already seeing over 30 states we can see at least gas under $3 per gallon. but they are predicting right now that in addition to the four states you just showed, kansas, nebraska, texas, among them we will see 10 more states by the end of the year on the state average below the $3 mark. prices will keep going down from here, and by the year's end the national average will be $3.10
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per gallon. something i am sure we will all enjoy as we happen to do our holiday shopping. stuart: that is very, very good news. thank you, indeed. president obama's approval rating. not good for the president by any means. 39%. the other side of the coin is 53% disapprove, that is a gallup poll. in new york city, now he is way out there on the left. in virginia. what do you make of all of this? charles: it is began to work in places you would not think it would work. it has not been hit to the degree of the rest of the countries, that it does show you i can be doing the best bid people at the peak of their lives, making 110,000 per year,
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but they feel good about themselves but they hear somebody made a billion dollars, they feel less of themselves. politicians have learned how to capture that emotion for their own good. talk about income inequality. the game plan has been implemented in cities and states around this country. income inequality has gotten worse, not better. stuart: she won by two points he had eating the republican candidate just two points. libertarian party candidate cap six points of the vote. in other words, the right were split and allow the click a list to walk in and win. i know what you're going to say. he gave a great deal of money to the libertarian candidate deliberately. charles: here is the thing, though, the tea party, the republicans, everybody site out by the mainstream media who said that was a hopeless victory.
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it was a foregone conclusion. imagine is a little bit more money in there. they were psyched out by the mainstream media, the republicans were and they fell big-time. stuart: microsoft is a winner today. i own some microsoft stock. have a short list for the new ceo. nicole: looking to see who they are going to replace. i heard you say let's talk about this stock for a moment. i could set up 2.7% today hitting a new intraday high. help in the dow moved to an all-time high, by the way hitting some record highs today as well. we will see if some internal candidates they have as well, but looking for the nokia ceo. there are some names on the block now. stuart: i find it hard to believe th a new ceo would put
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microsoft to a new high at least for the past year. running industrial companies, if he were the next ceo of microsoft, that is a terrific idea. charles: he is proven to be a winner, who knows how to turn things around. main reason is he is now seen as the number one candidate. i think it would get back what we're seeing now. the bedding is heavy and he comes it and works his magic again. stuart: i just love this guy. i think he is doing a terrific job he had charles: absolutely amazing. they did not come to government had in hand. stuart, on, alan. london liquidators ceo supported president obama, he actually posted a fundraiser for the prrsident in his own home.
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and then the obamacare disaster. does tom sullivan still backed president obama? find out next as he is here.
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try align. it's the number one ge recommended probiotic that helps maintain digestive balance. ♪ stay in the groove with align. stuart: okay, dow industrials still up 100 points. touching intraday all-time high just moments ago. as it is because the fed is good to keep on printing money forever. charles disagrees. bearing that in mind, he now says he's going to make us some real money. with iconic's. charles: ar ou are you for my wh iconic brand? stuart: no. charles: i have candies, joe boxer, but they don't actually, they just do the marketing advertising and licensing so they have no operational risk, the company has been phenomenal. sort of grappling because in the breakout area.
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stuart: they are a marketing company? charles: they don't take on the operational risk so they get the best parts of retail, the growth has been phenomenal for years. it is 42%. stuart: can we just put that chart up again? starting in early october, that is straight up. charles: he built it into this amazing company, the stock is on the cusp of a major breakout. the stock should benefit as well. stuart: another winner. charles: i think it will be a big one. stuart: thank you, charles. our next guest and obama supporter hosted a dinner back in june and then his company was rated by the feds in september.
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now we've got the obamacare train wreck. here is tom sullivan. he dares to show up on this set one more time. i can't believe this. >> good to be here. stuart: great to have you. what do you think of obamacare? >> i think the implementation is terrible. i don't know why they didn't market that ahead of time. i think the general idea, the main issue, the problem you guys have is it was done by obama, not a republican. stuart: that i >> it is more people paying. stuart: you came on this program and sinew hosted a fundraiser for the president in your home because you think he is good for business. you think obamacare is good for business? >> personally i personally did not have health insurance at all until i was 36, 37.
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when i started the company it was just me and another guy. he was going to leave because i did not have health care. even now we pay 90-100% of everybody's health care for many we paid 100% as a company. the person and the family. stuart: and you think it is good for business generally, really? you think it is going to hurt? >> it is not going to affect us. a potential probably not likely the prices could come down, like if you have a car insurance. charles: everybody will get, but everybody is not going to pay. 33-year-old son would get subsidized by the american public. >> i am saying we need to make people pay who cannot afford it, they can pay. stuart: 17 million people will
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get subsidies from the taxpayer. not including the people who get it free from medicaid. and you think this is good for business? >> they're going to emergency rooms or accidents that happen, we will end up paying for it. i had a friend in a motorcycle accident with no insurance. the government pays for all of that. if you get everybody paying more, the bigger pool. stuart: if you get everyone, if you force everyone to pay, you think that is good for business. >> i did not mean businesses, individual people should be paying for it. healthy working person should be paying for it. stuart: so you have not changed at all. you still run lumber liquidators, and you think this obamacare is good for business, not just your business but good for america, do you really? you going to raise money for obama, are you going to do that?
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>> it is still private, it is not a government run, i would never be for government run. if you drive a car, you have to have insurance, it is the same thing. stuart: you have got to cover a whole lot more whether i wanted or not not, i've got to have it. >> i don't like government dictatorship. i think as we get more people in the pool, keeps it private, more people paying into it. like when i was 25 it didn't have insurance. i got a bad accident had no money and went to the emergency room i will be taken care of. stuart: do you have the choice to pay for what you want to pay for? you can make a choice. >> the taxpayers would have paid for that. i should be made to pay.
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i could have made, could have paid for health care. at that age. especially that's probably the demographic that doesn't pay now. stuart: it is good to have you on the show even though you are incredibly defenseless and in full grown retreat from your support of the president, but that is okay, we would like to have you back. thank you very much, indeed, sir. happening right now, kathleen sebelius getting grilled on capitol hill over obamacare. we bring you a live report and any fireworks that have occurred, you will see it after this. when we made our commitment the gulf, bp had two big goals: help the gulf recover and learn from what happened so we could be a better, safer energy company.
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stuart: 105-point gain for the dow jones industrial, you have to look at ebay, it popped a half hour ago on news car like i may be interested in taking a stake, 4.5%, that is a solid game for ebay. kathleen sebelius getting grilled by the senate this time. the headlines in any fireworks, go ahead. rich: no fireworks yet, stuart. we are still in opening remarks
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territory. i want to bring you something the finance committee chair had to say. one of the officers of this law saying it was a train wreck. he supports the law and says he wants everyone to know it is going to work, he wants it to work but with the administration giving them updates about how the rollout was going, it was not forthcoming. >> it has been a rocky rollout. problems have plagued the website limiting american's ability to buy the health insurance they need and deserve. that's missing off the bat this is unacceptable. rich: he added there is no room for error in fixing this. the ranking member said he wants sebelius up once a month for the next six months to explain how it is going. stuart: assume she has the job for the next six months did my bet is she will keep the job
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because he don't want to go before the senate committee. thank you very much. california demanding health insurers let consumers keep the plan they like, delay those cancellations, that is the demand. even though obamacare rules for supplants to be dropped in the first place. charles, it is a mess. i say this is a strong arm tactics and demonization of health insurance. charles: a promise was made and a promise was not kept, a promise was made that was never sincere that a lie was told to the american public. first trying to blame them and then strong-arm them. whatever it takes to deflect, but the fact of the matter is president obama made the american public a serious promise over and over again. coming on the show to say he won on obamacare.
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that is the case, he won on a lie. stuart: thank you. extreme leftist wedding in new york city, the next mayor. the trenton mayor admits to smoking crack cocaine and an nfl player suspended for harassment. dr. keith adlow is next. you can call it a psychological lightning round on the couch. after this. peace of mind is important when you're running a successful business.
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stuart: has led to some points. forecast down she goes, 4% down for to as low. talk about millions of people who lost or ill use -- lose health coverage because of obamacare and failure of the web site. in our last hour some i opening information on security issues of the web site. >> when you go from one link to the other link there is no security and verification that say you are still on healthcare.gov . there could be a situation where you click, wink and you get on a site that looks like it but
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giving your information to someone who shouldn't have it. stuart: here is a credit specialist in our last hour. that is appalling. charles: this gives you into a -- some of these guys who squandered the roman empire, ego came first. the president circumvented the process of having more people bid on it and we now have a lousy choice. it is a shambles out the gate because of the president's ego. no other reason. you heard max baucus, they were getting updates. they knew this was the mess. the president's ego came before everything else. stuart: the president and his team knew that the information which you and i might put into our accounts was not secure. that is personal information. anybody who gets it and any
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hacker can get it, can become stuart varney or charles dean. charles: so confident they can talk their way out of any kind of jam. maybe they are not delusional. dr. heath coming. stuart: we have several stories for a doctor keith ablow. welcome to the program. i got to ask you about bill de blasio's victory. he is a flap of socialist. put new york city on the couch. what do you make of this? >> new york city is a better city than there mayor unfortunely thi morni b the tory which we spabt inhe niossentil er, esidt oba as vict menlityasn h earllife htory. heres anher ogre of who wanttoake wer from people because they make bad choices
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just like president obama. he has no relationship with his dad. his dad left him in the lurch. >> disney and his mother's, in him. how many of these guys do we- aine?t: when he admits to >> exactly. i have smoked crack cocaine. but do like? and an addict? no. at 5 fried it? probably in none of my drunken stupors a year ago. stuart: there's an element being refreshing. he admits it, tells the truth, apologizes. deal find refreshing? peer changed more refreshing than the hypocrisy of he loudly
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said he neeneeds to leave offic moment. if you look at the senate to polygraphs and said that you used cocaine or another drug like ecstasy? you would probably have a third of the u.s. senate saying yes. many u.s. presidents saying yes. jack kennedy probably in office. lots of people would not be serving if the litmus test where a paula graph you have to pass to say you haven't used drugs. i am not in favor of the drug laws as they stand. stuart: you clobber a lot of people right there without being absolutely certain of your territory. >> i don't think it is clobbering them because most people go through a stage where they experiment with one or another drug of abuse and it is hypocritical to say from the bully pulpit these people need to go and a shawl be in jail
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when in fact many years ago or just a few years ago a lot of these guys were trying it. stuart: last one. richie incognito, the miami dolphins player who harassed his team the. what do you make of that? >> these are horrifying tasks, horrifying messages. he had terrible behavior assaulting other players, spitting at other players, being considered the worst factor in the nfl in 2009, kicked off college teams, dismissed from college teams, he has problems. when he was 11 in sixth grade he was bullied for being overweight, relentlessly bullied. here is what happens. when you are bullied that much you should unemotionally and can feel for other people. that is how bullies are created. we have one right here in mr. incognito to appropriately named. he is hiding. stuart: if you put him on the couch. if he was our patient could you
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turn him around? >> absolutely because you have to -- this is ipad 3101. bring him back to the pain and suffering he endured at 9, 10, 11 years old and get him to connect to and realize you have run very far, gotten very big and muscular but you are still that little kid on the schoolyard, don't you get it? you have just switched roles. get out of the roll. stuart: when you are very popular guy with our viewers. blue one we love it. enough already. we will see you again. take care. take a look at what you are seeing, proof that sex sells. veronica is going to join us after the break.
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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 i told you someone could pay you and what if that person were y? ♪ when you think about it, isn't that what retirement should be,
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paying ourselves to do what we love? ♪ stuart: twitter the most highly anticipated tax idea since facebook, priced "after the bell" today. the stock will trade on the stock exchange and the ticker symbol twtr.
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we have a similar twitter all-star team. hazmat going down big today, they don't deliver as many cars as expected, the factories is that lower the forecast 14%. apple increasing its margins on a brand new ipad, stock is down a couple bucks. abercrombie and fitch down big. sales plunged 12% down 9%. check the share price down $9 in a month. up $1.31. that drop of $9 brought the price of gas down, up another penny overnight. [ female announcer ] tide pods three-in-one detergent.
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it dissolves in any temperature, even cold. tideod pop in. stand out. stuart: breaking news from the kathleen sebelius hearings, she tells the senate panel, quote, we will have enrollment numbers this week. we were is supposed to get them mid november so that is on target. i do have a surprise from ebay. nicole petallides will tell us about it. archon will take it? nicole: a removing the stock big-time. the question is whether carl icahn is interested in ebay at all. the rumors began circulating at 9:50, the stock shot up on heavy volume. is up 4.2% and the as been circulation on street accountants that acknowledged it.
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there has been no confirmation of the rumor. stuart: bosh a and the rumor, sell on the news. charles is going to try to make us some money with a company i don't know. charles: microelectronic. they're getting into the pads. peer it is a chemical mechanical process but that might make less sense than i am already making. it is semiconductor play. they'd sell it to the major players moving into other areas. margins are expanding. it is doing very well. stuart: an american company? >> they have operations all over
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the world. stuart: a sure-fire winner, that one. wait for it. we have an international model, the face of betty page with us right now all. he has been named united states marines's favorite pinup girl, graced the covers of magazines. welcome, veronica. >> thank you for having me. happy to be here. stuart: you model the clothing line of betty page. >> yes i do. stuart: do you go around all the time in betty page clothes? >> yes. item wearing some right now. i love their clothing style. it is very in up the neck. stuart: define pinupy.
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>> femininity. the female form. stuart: when you know about that. stuart: does your modeling sell more close? do they say that? >> they do say that. stuart: any numbers how much improvement in their sales? >> not really -- stuart: wiry the favorite pinup of the marine corps? >> i was on a show called -- being on that show and be on the cover of these magazines got me noticed by the troops. stuart: you appear fully clothed? >> yes.
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not fully clothed? stuart: would you ever do naked? >> i wouldn't say never. stuart: what i am getting at is sex cells. you are exuberant sexuality. >> the promise of sex cells. sex selling itself is another thing. stuart: when you walk around in betty page clothes, terrific stuff, you are on videotape, you are essentials lycee and sexuly sexual politics, right there. cheese is the power people for, not sex itself. it is a certain appeal. sex appeal. but not the sex itself. stuart: i know you were born in
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havana, cuba, came to america. >> as a little girl and got into a theater and ended hosting the television program and from there -- stuart: ended up hosting the television program? that dead end job? >> that is where it all started for me. stuart: who did the appeals to? >> 18 to 35. stuart: you have a contract for a long time to come to be their model? >> yes. stuart: you are doing very well. great to have you with us because we like examples of success and you are absolutely beautiful, look at that. >> thank you sell much. stuart: there is hope on this-after the election and it comes from colorado.
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lou: coming up on lou dobbs tonight the go-ahead for missile defense in europe. who is the better ally? saudi arabia or pakistan? what happened to the obama asia peer that? retired army four star general jack king with the threat and an analysis tonight at 7:00 eastern. join us. stuart: he is all about taxing the rich, that would be bill de blasio, won big landslide in new york city but in colorado they did not follow suit. voters approved a tax on recreational marijuana but strongly opposed a hike in income-tax is. charles: the number was down to
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the point where you are to those, that is my house, i am only making 70 grand. stuart: they brought it down to 70,000, wanted to raise taxes on the rich and the rich is above 70,000 and didn't go for that. charles: be careful what you think when you get upset about politics, rejected the sugary snack tax as well. it was a good day in colorado. stuart: i have been there. 10,000 feet. i get dizzy. charles: go on ski vacations. stuart: i don't see. let's move on. i will not attach the word lie to the president but will you? your take on that next. became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked?
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@?? so ally bank has a that wothat's correct.a rate. cause i'm really nervous about getting trapped. why's that? uh, mark? go get help! i have my reasons. look, you don't have to feel trapped with our raise your rate cd. if our rate on this cd goes u yours can too. oh that sounds nice. don't feel trapped with the ally raise your rate cd. ally bank. ur money needs an ally. stuart: last hour i gave you my take on president obama's
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deception. i will not attach the word lie to the president of united states because i blew office deserves the respect medlock applies a white house. that was my position, here's what you have to say about it. the current president does not respect the office, so i've no problem calling him what he is, a liar. if any of us lied like he did, we would be in jail. and to say he only deceived the entire country simply playing with words. charles, have ask you, would you be comfortable attaching that word to the president of the united states? charles: on this particular issue, absolutely. i think he got caught with a situation and he went with it. he is not telling the truth and he had a choice to make and an election to win and he went ahead and he lied about obamacare. stuart: there is a disagreement
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here, but we will live with it. charles: we can still respect the office. stuart: i most certainly do. it is all yours. connell: we will pick it up with kathleen sebelius on capitol hill. new question to ask about the obamacare rollout. and forcing many people to become better shoppers. whether they like it or not when it comes to quality and when it comes to cost. it is an entrepreneur who is helping patients to get ready. coming up as little bit later in the hour. prolabor candidates who did very well. so lou dobbs is coming in, he will tell us what this really means in his view. and watch out, pricey gift to his clients. it has the players union taking notice. all coming up this hour of "markets now." ♪

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